Elizabeth Arden Inc. (RDEN) Sees Unusually-High Trading Volume
Elizabeth Arden Inc. (NASDAQ:RDEN) saw unusually-high trading volume on Monday . Approximately 717,458 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 625,453 shares.The stock last traded at $13.86 and had previously closed at $13.91.
RDEN has been the subject of a number of research analyst reports. Imperial Capital restated an “outperform” rating and issued a $14.00 target price on shares of Elizabeth Arden in a report on Wednesday, June 8th. Zacks Investment Research upgraded Elizabeth Arden from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, B. Riley restated a “neutral” rating and issued a $14.00 target price on shares of Elizabeth Arden in a report on Friday, June 17th.
The stock has a 50 day moving average of $12.74 and a 200 day moving average of $9.18. The stock’s market capitalization is $414.79 million.
Elizabeth Arden (NASDAQ:RDEN) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.15. During the same quarter in the previous year, the business posted ($0.86) earnings per share. The company earned $191.90 million during the quarter, compared to analyst estimates of $190.33 million. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts predict that Elizabeth Arden Inc. will post ($1.40) EPS for the current year.
An institutional investor recently raised its position in Elizabeth Arden stock. Sei Investments Co. raised its position in shares of Elizabeth Arden Inc. (NASDAQ:RDEN) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,376 shares of the company’s stock after buying an additional 1,567 shares during the period. Sei Investments Co. owned 0.50% of Elizabeth Arden worth $1,469,000 as of its most recent SEC filing.
Elizabeth Arden, Inc is a global beauty products company with a portfolio of fragrance, skin care and cosmetics brands. The Company’s product portfolio includes Elizabeth Arden Brand, such as the Elizabeth Arden skin care brands (Visible Difference, Ceramide, Prevage, Eight Hour Cream, Superstart and Elizabeth Arden Pro), Elizabeth Arden branded lipstick, foundation and other color cosmetics products and Elizabeth Arden fragrances (Red Door, 5th Avenue, Elizabeth Arden Green Tea and UNTOLD); designer fragrances, which include Juicy Couture, John Varvatos, and Wildfox Couture; Heritage Fragrances, such as Curve, Elizabeth Taylor, Britney Spears, Halston, Ed Hardy, Geoffrey Beene, Alfred Sung, Giorgio Beverly Hills, Lucky, PS Fine Cologne, White Shoulders, BCBGMAXAZRIA, Rocawear and Jennifer Aniston, and celebrity fragrances, which include the fragrance brands of Justin Bieber, Mariah Carey, Nicki Minaj and Taylor Swift.
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