Coldwater Creek Price Target Lowered to $0.80 at B. Riley (CWTR)
B. Riley reduced their price target on shares of Coldwater Creek (NASDAQ:CWTR) from $2.40 to $0.80 in a research note issued on Tuesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price objective points to a potential downside of 14.90% from the stock’s previous close.
A number of other analysts have also recently weighed in on CWTR. Analysts at Ascendiant Capital Markets downgraded shares of Coldwater Creek from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. Analysts at Piper Jaffray Cos. downgraded shares of Coldwater Creek from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $5.00 price target on the stock, down previously from $9.00. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $3.60.
Coldwater Creek (NASDAQ:CWTR) traded down 25.39% on Tuesday, hitting $0.9401. The stock had a trading volume of 3,047,936 shares. Coldwater Creek has a 1-year low of $1.24 and a 1-year high of $5.85. The stock’s 50-day moving average is $1.92 and its 200-day moving average is $2.72. The company’s market cap is $28.8 million.
Coldwater Creek (NASDAQ:CWTR) last posted its quarterly earnings results on Tuesday, September 10th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by $0.09. The company had revenue of $149.70 million for the quarter, compared to the consensus estimate of $162.81 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that Coldwater Creek will post $-2.54 earnings per share for the current fiscal year.
Coldwater Creek Inc (NASDAQ:CWTR) is a national specialty retailer of women’s apparel, accessories, jewelry and gift items sold under the Coldwater Creek brand.
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