Gordmans Stores Director Acquires $6,390 in Stock (GMAN)
Gordmans Stores (NASDAQ:GMAN) Director James Shea acquired 1,500 shares of Gordmans Stores stock in a transaction dated Monday, June 16th. The shares were purchased at an average cost of $4.26 per share, for a total transaction of $6,390.00. Following the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $10,650. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Gordmans Stores (NASDAQ:GMAN) opened at 4.34 on Thursday. Gordmans Stores has a 1-year low of $4.08 and a 1-year high of $15.25. The stock has a 50-day moving average of $4.49 and a 200-day moving average of $6.04. The company has a market cap of $84.0 million and a price-to-earnings ratio of 21.31.
Gordmans Stores (NASDAQ:GMAN) last issued its quarterly earnings data on Wednesday, May 28th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.06. The company had revenue of $143.00 million for the quarter, compared to the consensus estimate of $141.74 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts predict that Gordmans Stores will post $0.01 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GMAN shares. Analysts at Robert W. Baird cut their price target on shares of Gordmans Stores from $8.00 to $5.00 in a research note on Tuesday, May 13th. Separately, analysts at Sidoti initiated coverage on shares of Gordmans Stores in a research note on Monday, May 5th. They set a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Gordmans Stores in a research note on Friday, April 25th. They set a “buy” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.00.
Gordmans Stores, Inc is an everyday low price retailer featuring a large selection of the latest brands, fashions and styles at up to 60% off department and specialty store prices every day.
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