Elizabeth Arden Inc. (RDEN) Sees Strong Trading Volume
Elizabeth Arden Inc. (NASDAQ:RDEN) shares saw an uptick in trading volume on Thursday . 667,462 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 349,602 shares.The stock last traded at $13.94 and had previously closed at $13.93.
A number of brokerages recently issued reports on RDEN. B. Riley reissued a “neutral” rating and issued a $8.50 target price on shares of Elizabeth Arden in a research report on Saturday, May 14th. Zacks Investment Research raised Elizabeth Arden from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday. Finally, Imperial Capital reissued an “outperform” rating and issued a $14.00 target price on shares of Elizabeth Arden in a research report on Wednesday, June 8th.
The firm’s 50-day moving average price is $13.89 and its 200-day moving average price is $9.99. The company’s market capitalization is $417.48 million.
Elizabeth Arden (NASDAQ:RDEN) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.20. The company earned $192.70 million during the quarter, compared to the consensus estimate of $193.75 million. Analysts predict that Elizabeth Arden Inc. will post ($0.60) EPS for the current 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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