Elizabeth Arden Inc. (RDEN) Sets New 12-Month High at $13.98
Elizabeth Arden Inc. (NASDAQ:RDEN)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.98 and last traded at $13.95, with a volume of 49,583 shares changing hands. The stock had previously closed at $13.96.
Several equities analysts have commented on RDEN shares. Zacks Investment Research raised shares of Elizabeth Arden from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, July 6th. B. Riley reissued a “neutral” rating and issued a $8.50 price target on shares of Elizabeth Arden in a research report on Saturday, May 14th. Finally, Imperial Capital reissued an “outperform” rating and issued a $14.00 price target on shares of Elizabeth Arden in a research report on Wednesday, June 8th.
The company’s 50-day moving average is $13.88 and its 200 day moving average is $9.92. The firm’s market capitalization is $417.18 million.
Elizabeth Arden (NASDAQ:RDEN) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.20. The firm earned $192.70 million during the quarter, compared to analyst estimates of $193.75 million. Equities analysts forecast that Elizabeth Arden Inc. will post ($0.60) earnings per share for the current fiscal year.
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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