Joe’s Jeans Upgraded to “Outperform” by Zacks (JOEZ)
Joe’s Jeans (NASDAQ:JOEZ) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday, AnalystRatings.NET reports. The firm currently has a $1.40 price objective on the stock. Zacks‘ price objective suggests a potential upside of 11.11% from the stock’s previous close.
Shares of Joe’s Jeans (NASDAQ:JOEZ) traded down 1.56% during mid-day trading on Monday, hitting $1.26. 1,540,375 shares of the company’s stock traded hands. Joe’s Jeans has a 52 week low of $1.02 and a 52 week high of $2.04. The stock has a 50-day moving average of $1.17 and a 200-day moving average of $1.15. The company’s market cap is $86.6 million.
Joe’s Jeans (NASDAQ:JOEZ) last announced its earnings results on Thursday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $50.50 million for the quarter, compared to the consensus estimate of $48.10 million. On average, analysts predict that Joe’s Jeans will post $-0.05 earnings per share for the current fiscal year.
Separately, analysts at TheStreet upgraded shares of Joe’s Jeans from a “sell” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Joe’s Jeans currently has a consensus rating of “Hold” and a consensus target price of $1.49.
Joe’s Jeans Inc (NASDAQ:JOEZ) is engaged in designing, developing and marketing of its Joe’s products, which include denim jeans, related casual wear and accessories.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.