The Wet Seal (WTSL) Releases Quarterly Earnings, Misses Expectations By $0.05 EPS
The Wet Seal (NASDAQ:WTSL) announced its earnings results on Thursday. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.05, ARN reports.
Shares of The Wet Seal (NASDAQ:WTSL) opened at 0.75 on Thursday. The Wet Seal has a 1-year low of $0.70 and a 1-year high of $4.11. The stock’s 50-day moving average is $0.91 and its 200-day moving average is $1.13. The company’s market cap is $63.4 million.
A number of analysts have recently weighed in on WTSL shares. Analysts at KeyCorp downgraded shares of The Wet Seal from a “buy” rating to a “hold” rating in a research note on Wednesday. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of The Wet Seal in a research note on Friday, July 18th. They now have a $1.00 price target on the stock. Finally, analysts at B. Riley upgraded shares of The Wet Seal from a “sell” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $0.90 price target on the stock, up previously from $0.50. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The Wet Seal currently has an average rating of “Hold” and a consensus target price of $2.23.
The Wet Seal, Inc is a multi-channel specialty retailer selling fashion apparel and accessory items designed for female customers aged 13 to 34 years old through the Company stores and e-commerce websites.
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