Cache Downgraded to “Neutral” at Zacks (CACH)
Cache (NASDAQ:CACH) was downgraded by Zacks to a “neutral” rating in a research report issued to clients and investors on Monday, Analyst Ratings News reports. They currently have a $6.10 price target on the stock. Zacks‘ price target indicates a potential upside of 7.77% from the stock’s previous close.
Shares of Cache (NASDAQ:CACH) traded down 5.03% on Monday, hitting $5.66. 84,060 shares of the company’s stock traded hands. Cache has a 52 week low of $1.8566 and a 52 week high of $6.83. The stock’s 50-day moving average is $5.19 and its 200-day moving average is $5.28. The company’s market cap is $119.4 million.
Cache (NASDAQ:CACH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.23) by $0.12. The company had revenue of $47.20 million for the quarter, compared to the consensus estimate of $44.85 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Cache will post $-0.94 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at B. Riley initiated coverage on shares of Cache in a research note to investors on Friday. They set a “buy” rating and a $9.25 price target on the stock. Analysts at Craig Hallum initiated coverage on shares of Cache in a research note to investors on Thursday. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.45.
Cache, Inc is a nationwide, mall-based specialty retailer of lifestyle sportswear and dresses targeting style-conscious women.
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