Joe's Jeans Stock Rating Lowered by Zacks (JOEZ)
Joe's Jeans (NASDAQ:JOEZ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday, American Banking & Market News reports. They currently have a $1.40 price target on the stock. Zacks‘s price objective points to a potential upside of 27.27% from the stock’s previous close.
Joe's Jeans (NASDAQ:JOEZ) traded down 1.82% on Monday, hitting $1.08. 361,684 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 $1.98. The stock has a 50-day moving average of $1.29 and a 200-day moving average of $1.17. The company’s market cap is $73.6 million.
Joe's Jeans (NASDAQ:JOEZ) last released its earnings data on Thursday, February 13th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Joe's Jeans will post $-0.02 EPS 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, February 13th. Six analysts have rated the stock with a hold rating, Joe's Jeans currently has an average rating of “Hold” and a consensus target price of $1.49.
Joe’s Jeans Inc (NASDAQ:JOEZ) is engaged in designing, developing and marketing its Joe’s products, which include denim jeans, related casual wear and accessories.
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