Elizabeth Arden Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:RDEN)
Shares of Elizabeth Arden (NASDAQ:RDEN) have received an average recommendation of “Hold” from the eleven analysts that are covering the company, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.60.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Elizabeth Arden from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 15th. They now have a $25.20 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Elizabeth Arden from $30.00 to $27.00 in a research note on Tuesday, May 13th. Finally, analysts at B. Riley cut their price target on shares of Elizabeth Arden from $26.00 to $23.00 in a research note on Tuesday, May 13th.
Elizabeth Arden (NASDAQ:RDEN) traded up 0.20% on Tuesday, hitting $24.90. The stock had a trading volume of 52,488 shares. Elizabeth Arden has a one year low of $23.45 and a one year high of $48.77. The stock’s 50-day moving average is $29.81 and its 200-day moving average is $30.95. The company has a market cap of $739.5 million and a P/E ratio of 147.04.
Elizabeth Arden (NASDAQ:RDEN) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.84) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.85. The company had revenue of $210.80 million for the quarter, compared to the consensus estimate of $256.85 million. During the same quarter last year, the company posted $0.02 earnings per share. Elizabeth Arden’s revenue was down 20.3% compared to the same quarter last year. On average, analysts predict that Elizabeth Arden will post $0.17 earnings per share for the current fiscal year.
Elizabeth Arden, Inc is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands.
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