Gordmans Stores Stock Price Down 10.1% After Earnings Miss (GMAN)
Gordmans Stores (NASDAQ:GMAN) dropped 10.1% during trading on Thursday after the company announced weaker than expected quarterly earnings, AmericanBankingNews.com reports. The company traded as low as $3.52 and last traded at $3.56, with a volume of 151,895 shares trading hands. The stock had previously closed at $3.96.
The company reported ($0.16) 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.
GMAN has been the subject of a number of recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Gordmans Stores from $10.00 to $9.00 in a research note on Thursday. They now have a “buy” rating on the stock. Analysts at Stifel Nicolaus reiterated a “hold” rating on shares of Gordmans Stores in a research note on Tuesday, August 19th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.00.
The stock’s 50-day moving average is $3.58 and its 200-day moving average is $4.69. The company has a market cap of $68.7 million and a P/E ratio of 19.90.
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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