Body Central Corp. Given New $7.50 Price Target at Piper Jaffray Cos. (BODY)
Equities researchers at Piper Jaffray Cos. cut their price target on shares of Body Central Corp. (NASDAQ:BODY) from $10.00 to $7.50 in a research report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Piper Jaffray Cos.’s price objective indicates a potential upside of 42.86% from the company’s current price.
Shares of Body Central Corp. (NASDAQ:BODY) traded down 1.69% during mid-day trading on Wednesday, hitting $5.25. 457,124 shares of the company’s stock traded hands. Body Central Corp. has a one year low of $5.26 and a one year high of $13.39. The stock has a 50-day moving average of $6.31 and a 200-day moving average of $9.74. The company’s market cap is $85.9 million.
Body Central Corp. (NASDAQ:BODY) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.25. The company had revenue of $75.10 million for the quarter, compared to the consensus estimate of $82.03 million. During the same quarter last year, the company posted $0.21 earnings per share. Body Central Corp.’s revenue was down 5.4% compared to the same quarter last year. Analysts expect that Body Central Corp. will post $-0.16 EPS for the current fiscal year.
BODY has been the subject of a number of other recent research reports. Analysts at Dougherty & Co downgraded shares of Body Central Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 9th. Separately, analysts at TheStreet downgraded shares of Body Central Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 14th. Finally, analysts at Zacks downgraded shares of Body Central Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 2nd. They now have a $11.40 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Body Central Corp. currently has a consensus rating of “Hold” and a consensus price target of $10.48.
Body Central Corporation operates a women’s clothing retail store that sells fashion trends and basic favourites.
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