Elizabeth Arden Price Target Cut to $17.00 by Analysts at B. Riley (RDEN)
B. Riley reduced their price target on shares of Elizabeth Arden (NASDAQ:RDEN) from $23.00 to $17.00 in a research note issued on Wednesday. B. Riley’s target price points to a potential downside of 13.31% from the company’s current price.
Separately, analysts at SunTrust downgraded shares of Elizabeth Arden from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $15.00 price target on the stock, down previously from $35.00. Four investment analysts have rated the stock with a hold rating, Elizabeth Arden presently has an average rating of “Hold” and a consensus target price of $25.20.
Shares of Elizabeth Arden (NASDAQ:RDEN) opened at 15.05 on Wednesday. Elizabeth Arden has a 52 week low of $14.65 and a 52 week high of $40.40. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $26.. The company has a market cap of $446.9 million and a P/E ratio of 116.04.
Elizabeth Arden (NASDAQ:RDEN) last issued its quarterly earnings data on Tuesday, August 19th. The company reported ($1.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.70. The company had revenue of $191.72 million for the quarter, compared to the consensus estimate of $241.64 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 28.4% on a year-over-year basis. Analysts expect that Elizabeth Arden will post $0.14 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.
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