B. Riley Lowers Pacific Sunwear of California Price Target to $2.00 (PSUN)
Research analysts at B. Riley dropped their price target on shares of Pacific Sunwear of California (NASDAQ:PSUN) from $2.10 to $2.00 in a report released on Friday. B. Riley’s price target would indicate a potential downside of 13.04% from the company’s current price.
Separately, analysts at Davidson cut their price target on shares of Pacific Sunwear of California from $4.00 to $3.00 in a research note on Friday, August 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $3.28.
Shares of Pacific Sunwear of California (NASDAQ:PSUN) opened at 2.15 on Friday. Pacific Sunwear of California has a 52 week low of $1.84 and a 52 week high of $3.95. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $2.56. The company’s market cap is $148.2 million.
Pacific Sunwear of California (NASDAQ:PSUN) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03). The company had revenue of $211.70 million for the quarter, compared to the consensus estimate of $208.48 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that Pacific Sunwear of California will post $-0.28 EPS for the current fiscal year.
Pacific Sunwear of California, Inc is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
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