Gordmans Stores Downgraded by TheStreet to “Hold” (GMAN)
Gordmans Stores (NASDAQ:GMAN) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Stock Ratings Network.com reports.
The analysts wrote, “Gordman’s Stores (GMAN) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company’s earnings per share and deteriorating net income.”
Shares of Gordmans Stores (NASDAQ:GMAN) traded up 0.18% during mid-day trading on Tuesday, hitting $11.27. The stock had a trading volume of 41,147 shares. Gordmans Stores has a 52-week low of $10.43 and a 52-week high of $16.13. The stock’s 50-day moving average is $13. and its 200-day moving average is $13.06. The company has a market cap of $217.0 million and a P/E ratio of 13.55.
Gordmans Stores (NASDAQ:GMAN) last announced its earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $136.80 million for the quarter, compared to the consensus estimate of $136.64 million. During the same quarter last year, the company posted $0.18 earnings per share. Gordmans Stores’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that Gordmans Stores will post $0.72 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Gordmans Stores (NASDAQ:GMAN) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 23rd. They now have a $15.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Gordmans Stores has an average rating of “Hold” and a consensus price target of $16.00.
Gordmans Stores, Inc Operates as an apparel and home fashions retailer. The Company offers apparels, including young mens, mens, juniors, womens, plus sizes, maternity, and childrens clothing comprising offerings for infants, toddlers, boys, and girls; and accessories consisting of designer fragrances, intimate apparel, handbags, sunglasses, fashion jewelry, legwear, and sleepwear.
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