Hhgregg Inc. (HGG) Stock Price Up 8.5%
Hhgregg Inc. (NYSE:HGG) rose 8.5% during mid-day trading on Thursday . The company traded as high as $2.19 and last traded at $2.17, with a volume of 121,773 shares. The stock had previously closed at $2.00.
Separately, Zacks Investment Research upgraded shares of Hhgregg from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a report on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.56.
The stock’s market cap is $54.86 million. The firm’s 50 day moving average price is $1.75 and its 200 day moving average price is $1.89.
Hhgregg (NYSE:HGG) last posted its quarterly earnings data on Thursday, May 19th. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.09. The firm earned $439 million during the quarter, compared to analyst estimates of $462 million. During the same period in the prior year, the firm earned ($0.47) EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. Equities research analysts anticipate that Hhgregg Inc. will post ($1.09) earnings per share for the current fiscal year.
hhgregg, Inc (hhgregg) is an appliance, consumer electronics and furniture retailer. The Company has around 228 stores in 20 states that also offer global and local brands across the nation via hhgregg.com. hhgregg sells appliances, including washers and dryers, dishwashers, freezers and air conditioners, under brands, such as Amana, Bosch, Maytag, Samsung and Whirlpool; consumer electronics, including televisions, Blu-Ray and digital versatile disc (DVD) players, and audio, under brands, such as Haier, Sanyo, Seiki, Sharp, Sony and Toshiba; computers, computer accessories and tablets, under brands, such as Apple, Asus, Hewlett Packard, Samsung and Toshiba, and home products, including bedding and home furniture, under brands, such as Ashley, Bello, Tech Craft and Tempur-Pedic.
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