Share on StockTwits

hhgregg (NYSE:HGG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at B. Riley in a research note issued to investors on Friday. They currently have a $7.00 target price on the stock, down from their previous target price of $11.00. B. Riley’s target price indicates a potential downside of 1.55% from the company’s current price.

A number of other analysts have also recently weighed in on HGG. Analysts at Jefferies Group reiterated a “hold” rating on shares of hhgregg in a research note on Friday. They now have a $7.00 price target on the stock, down previously from $8.50. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of hhgregg in a research note on Monday, June 2nd. They now have a $8.00 price target on the stock, up previously from $7.00. Finally, analysts at Zacks reiterated an “underperform” rating on shares of hhgregg in a research note on Thursday, May 29th. They now have a $8.25 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. hhgregg currently has an average rating of “Hold” and a consensus price target of $9.38.

Shares of hhgregg (NYSE:HGG) traded down 1.55% during mid-day trading on Friday, hitting $7.00. 262,271 shares of the company’s stock traded hands. hhgregg has a 52-week low of $7.03 and a 52-week high of $20.75. The stock’s 50-day moving average is $9.38 and its 200-day moving average is $9.36. The company has a market cap of $199.2 million and a price-to-earnings ratio of 888.75.

hhgregg (NYSE:HGG) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.36) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.16) by $0.20. The company had revenue of $472.30 million for the quarter, compared to the consensus estimate of $490.50 million. During the same quarter last year, the company posted ($0.04) earnings per share. hhgregg’s revenue was down 10.0% compared to the same quarter last year. Analysts expect that hhgregg will post $0.15 EPS for the current fiscal year.

hhgregg, Inc (NYSE:HGG) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.

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.