hhgregg Given Average Recommendation of “Hold” by Analysts (NYSE:HGG)
hhgregg (NYSE:HGG) has received an average rating of “Hold” from the eleven brokerages that are presently covering the stock, AmericanBankingNews.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.11.
Shares of hhgregg (NYSE:HGG) traded down 1.91% on Friday, hitting $9.77. The stock had a trading volume of 121,866 shares. hhgregg has a 52-week low of $7.23 and a 52-week high of $20.75. The stock’s 50-day moving average is $10.15 and its 200-day moving average is $15.23. The company has a market cap of $288.1 million and a price-to-earnings ratio of 17.88.
hhgregg (NYSE:HGG) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that hhgregg will post $0.35 EPS for the current fiscal year.
HGG has been the subject of a number of recent research reports. Analysts at Jefferson Research downgraded shares of hhgregg from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Separately, analysts at Oppenheimer cut their price target on shares of hhgregg from $11.00 to $10.00 in a research note on Tuesday, February 11th. They now have a “market perform” rating on the stock. Finally, 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.
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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