The Wet Seal (WTSL) Announces Quarterly Earnings Results, Hits Estimates
The Wet Seal (NASDAQ:WTSL) posted its quarterly earnings results on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18), Analyst Ratings Net reports. The company had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117.40 million.
Shares of The Wet Seal (NASDAQ:WTSL) traded up 5.96% on Tuesday, hitting $1.01. The stock had a trading volume of 1,479,156 shares. The Wet Seal has a one year low of $0.87 and a one year high of $5.20. The stock’s 50-day moving average is $1.10 and its 200-day moving average is $2.05. The company’s market cap is $85.5 million.
A number of analysts have recently weighed in on WTSL shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Wet Seal in a research note on Tuesday, April 29th. They now have a $1.25 price target on the stock. On the ratings front, analysts at B. Riley downgraded shares of The Wet Seal from a “neutral” rating to a “sell” rating in a research note on Monday, March 24th. They now have a $0.50 price target on the stock, down previously from $2.10. Finally, analysts at Brean Capital cut their price target on shares of The Wet Seal from $3.00 to $2.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $2.19.
The Wet Seal, Inc is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old.
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