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HHGregg (NYSE:HGG) was downgraded by research analysts at Jefferson Research from a “hold” rating to a “sell” rating in a report released on Friday, Analyst Ratings Network reports.

Shares of HHGregg (NYSE:HGG) traded down 0.33% on Friday, hitting $8.94. The stock had a trading volume of 239,980 shares. HHGregg has a 1-year low of $7.23 and a 1-year high of $20.75. The stock has a 50-day moving average of $10.70 and a 200-day moving average of $15.40. The company has a market cap of $263.7 million and a price-to-earnings ratio of 16.10.

HHGregg (NYSE:HGG) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.11. The company had revenue of $707.10 million for the quarter, compared to the consensus estimate of $774.60 million. On average, analysts predict that HHGregg will post $0.35 earnings per share for the current fiscal year.

A number of other firms have also recently commented on HGG. Analysts at Oppenheimer cut their price target on shares of HHGregg from $11.00 to $10.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at Zacks downgraded shares of HHGregg from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. They now have a $7.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of HHGregg from $13.00 to $9.00 in a research note on Friday, January 31st. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.11.

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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