Elizabeth Arden Inc. (RDEN) Hits New 12-Month High at $13.97
Elizabeth Arden Inc. (NASDAQ:RDEN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.97 and last traded at $13.94, with a volume of 75,195 shares traded. The stock had previously closed at $13.92.
RDEN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Elizabeth Arden from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Imperial Capital restated an “outperform” rating and issued a $14.00 price objective on shares of Elizabeth Arden in a research report on Wednesday, June 8th. Finally, B. Riley restated a “neutral” rating and issued a $8.50 price objective on shares of Elizabeth Arden in a research report on Saturday, May 14th.
The firm has a 50-day moving average of $13.85 and a 200-day moving average of $9.62. The stock’s market cap is $416.89 million.
A hedge fund recently raised its stake in Elizabeth Arden stock. Royce & Associates LLC raised its stake in Elizabeth Arden Inc. (NASDAQ:RDEN) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,151,792 shares of the company’s stock after buying an additional 82,387 shares during the period. Royce & Associates LLC owned about 3.85% of Elizabeth Arden worth $11,403,000 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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