Wet Seal Given New $5.00 Price Target at Piper Jaffray Cos. (WTSL)
Investment analysts at Piper Jaffray Cos. lowered their target price on shares of Wet Seal (NASDAQ:WTSL) from $5.50 to $5.00 in a note issued to investors on Wednesday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Piper Jaffray Cos.’s price target suggests a potential upside of 38.89% from the stock’s previous close.
A number of other analysts have also recently weighed in on WTSL. Analysts at Zacks reiterated a “neutral” rating on shares of Wet Seal in a research note to investors on Thursday, August 29th. They now have a $4.00 price target on the stock. Separately, analysts at B. Riley cut their price target on shares of Wet Seal from $5.10 to $4.40 in a research note to investors on Wednesday, August 28th. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Wet Seal in a research note to investors on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Wet Seal presently has an average rating of “Buy” and an average price target of $5.28.
Shares of Wet Seal (NASDAQ:WTSL) traded down 2.44% during mid-day trading on Wednesday, hitting $3.60. 1,144,731 shares of the company’s stock traded hands. Wet Seal has a 1-year low of $2.65 and a 1-year high of $5.20. The stock’s 50-day moving average is $3.80 and its 200-day moving average is $4.04. The company’s market cap is $305.0 million.
Wet Seal (NASDAQ:WTSL) last announced its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $137.20 million for the quarter, compared to the consensus estimate of $138.33 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts expect that Wet Seal will post $0.05 EPS for the current fiscal year.
The Wet Seal, Inc is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old.
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