Pacific Sunwear of California Lowered to “Neutral” at Piper Jaffray Cos. (PSUN)
Pacific Sunwear of California (NASDAQ:PSUN) was downgraded by analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on PSUN. Analysts at KeyCorp reiterated a “hold” rating on shares of Pacific Sunwear of California in a research note to investors on Friday, August 30th. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Pacific Sunwear of California in a research note to investors on Friday, August 30th. They now have a $6.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Pacific Sunwear of California from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 27th. They now have a $4.20 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.39.
Shares of Pacific Sunwear of California (NASDAQ:PSUN) traded down 0.99% on Tuesday, hitting $3.00. The stock had a trading volume of 639,081 shares. Pacific Sunwear of California has a 52-week low of $1.36 and a 52-week high of $4.59. The stock has a 50-day moving average of $3.26 and a 200-day moving average of $3.2. The company’s market cap is $205.7 million.
Pacific Sunwear of California (NASDAQ:PSUN) last announced its earnings results on Thursday, August 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $215.20 million for the quarter, compared to the consensus estimate of $215.74 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Pacific Sunwear of California will post $-0.26 EPS for the current fiscal year.
Pacific Sunwear of California, Inc (NASDAQ:PSUN) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
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