Gordmans Stores Price Target Lowered to $9.00 at Canaccord Genuity (GMAN)
Analysts at Canaccord Genuity decreased their target price on shares of Gordmans Stores (NASDAQ:GMAN) from $10.00 to $9.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 127.27% from the company’s current price.
Separately, analysts at Stifel Nicolaus reiterated a “hold” rating on shares of Gordmans Stores in a research note on Tuesday, August 19th. Three 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 price target of $7.00.
Shares of Gordmans Stores (NASDAQ:GMAN) opened at 3.96 on Thursday. Gordmans Stores has a one year low of $3.06 and a one year high of $14.35. The stock has a 50-day moving average of $3.58 and a 200-day moving average of $4.69. The company has a market cap of $76.7 million and a price-to-earnings ratio of 18.54.
Gordmans Stores (NASDAQ:GMAN) last issued its quarterly earnings data on Wednesday, August 27th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.01. The company had revenue of $141.00 million for the quarter, compared to the consensus estimate of $143.90 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Gordmans Stores will post $-0.03 earnings per share for the current fiscal year.
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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