HHGregg Target of Unusually High Options Trading (HGG)
HHGregg (NYSE:HGG) saw some unusual options trading activity on Monday. Traders acquired 11,664 put options on the stock, AR Network reports. This represents an increase of approximately 1,806% compared to the typical volume of 612 put options.
Several analysts have recently commented on the stock. Analysts at B. Riley cut their price target on shares of HHGregg from $16.00 to $13.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of HHGregg from $15.00 to $18.00 in a research note to investors on Wednesday, October 30th. They now have a “neutral” rating on the stock. Finally, analysts at McLean Capital Management downgraded shares of HHGregg from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.69.
Shares of HHGregg (NYSE:HGG) opened at 12.93 on Tuesday. HHGregg has a 1-year low of $6.87 and a 1-year high of $20.75. The stock has a 50-day moving average of $14.46 and a 200-day moving average of $16.49. The company has a market cap of $393.7 million and a price-to-earnings ratio of 14.04.
HHGregg (NYSE:HGG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $568.30 million for the quarter, compared to the consensus estimate of $610.52 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Analysts expect that HHGregg will post $0.76 EPS for the current fiscal year.
hhgregg, Inc (NYSE:HGG) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.
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