Hhgregg Inc. (HGG) Shares Up 5.7%
Hhgregg Inc. (NYSE:HGG)’s share price shot up 5.7% during mid-day trading on Thursday . The company traded as high as $2.26 and last traded at $2.22, with a volume of 91,079 shares. The stock had previously closed at $2.10.
Separately, Zacks Investment Research raised shares of Hhgregg from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a report on Monday, May 23rd.
The firm’s market cap is $58.65 million. The stock has a 50-day moving average price of $1.98 and a 200-day moving average price of $1.87.
Hhgregg (NYSE:HGG) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.10. The company earned $423.57 million during the quarter, compared to analysts’ expectations of $416.45 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts expect that Hhgregg Inc. will post ($1.10) EPS for the current 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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