Share on StockTwits

Shares of Elizabeth Arden (NASDAQ:RDEN) were the target of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 1,694,250 shares, an increase of 44.2% from the May 15th total of 1,175,062 shares, American Banking and Market News reports. Based on an average trading volume of 325,543 shares, the days-to-cover ratio is currently 5.2 days. Approximately 6.6% of the company’s shares are short sold.

RDEN has been the subject of a number of recent research reports. 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.60.

Elizabeth Arden (NASDAQ:RDEN) opened at 29.70 on Wednesday. Elizabeth Arden has a 52-week low of $23.45 and a 52-week high of $48.38. The stock’s 50-day moving average is $29.09 and its 200-day moving average is $30.54. The company has a market cap of $882.0 million and a price-to-earnings ratio of 172.84.

Elizabeth Arden (NASDAQ:RDEN) last released its earnings data on Monday, May 12th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. Analysts expect that Elizabeth Arden will post $0.17 EPS 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.

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.