Roth Capital Trims Pacific Sunwear of California Target Price to $2.25 (PSUN)
Research analysts at Roth Capital cut their price objective on shares of Pacific Sunwear of California (NASDAQ:PSUN) from $3.00 to $2.25 in a report released on Friday. Roth Capital’s target price indicates a potential downside of 2.17% from the company’s current price.
Pacific Sunwear of California (NASDAQ:PSUN) traded down 9.57% during mid-day trading on Friday, hitting $2.08. 859,316 shares of the company’s stock traded hands. Pacific Sunwear of California has a one year low of $1.84 and a one year 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 $143.3 million.
Pacific Sunwear of California (NASDAQ:PSUN) last issued its quarterly earnings data on Thursday, August 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Pacific Sunwear of California will post $-0.28 earnings per share for the current fiscal year.
PSUN has been the subject of a number of other recent research reports. Analysts at Mizuho cut their price target on shares of Pacific Sunwear of California from $3.50 to $3.00 in a research note on Friday. Separately, analysts at B. Riley cut their price target on shares of Pacific Sunwear of California from $2.10 to $2.00 in a research note on Friday. Finally, 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.06.
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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