Hhgregg Inc. (HGG) Stock Price Up 4.4%
Shares of Hhgregg Inc. (NYSE:HGG) rose 4.4% during mid-day trading on Tuesday . The stock traded as high as $2.13 and last traded at $2.12, with a volume of 55,855 shares trading hands. The stock had previously closed at $2.03.
Separately, Zacks Investment Research raised shares of Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $3.56.
The stock’s market cap is $59.02 million. The firm has a 50 day moving average price of $1.83 and a 200-day moving average price of $1.86.
Hhgregg (NYSE:HGG) last announced its quarterly earnings data on Thursday, May 19th. The company reported ($0.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.09. During the same period last year, the company posted ($0.47) earnings per share. The firm had revenue of $439 million for the quarter, compared to analysts’ expectations of $462 million. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities research analysts forecast that Hhgregg Inc. will post ($1.15) 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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