American Apparel Stock Rating Reaffirmed by Standpoint Research (APP)
American Apparel (NYSE:APP)‘s stock had its “buy” rating reiterated by analysts at Standpoint Research in a research report issued to clients and investors on Thursday. They currently have a $2.00 target price on the stock. Standpoint Research’s target price would suggest a potential upside of 94.17% from the stock’s previous close.
Shares of American Apparel (NYSE:APP) traded up 21.25% on Thursday, hitting $1.03. The stock had a trading volume of 16,387,214 shares. American Apparel has a 52-week low of $0.46 and a 52-week high of $2.09. The stock’s 50-day moving average is $0.69 and its 200-day moving average is $0.78. The company’s market cap is $178.7 million.
American Apparel (NYSE:APP) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.15. The company had revenue of $137.10 million for the quarter, compared to the consensus estimate of $136.95 million. During the same quarter last year, the company posted $0.04 earnings per share. American Apparel’s revenue was down .7% compared to the same quarter last year. Analysts expect that American Apparel will post $-0.18 EPS for the current fiscal year.
Separately, analysts at Brean Capital cut their price target on shares of American Apparel from $2.00 to $1.50 in a research note on Friday, April 11th. They now have a “buy” rating on the stock.
In other American Apparel news, CEO Dov Charney bought 27,351,407 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average cost of $0.72 per share, with a total value of $19,693,013.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
American Apparel, Inc is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel.
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