Hhgregg Inc. (HGG) Shares Up 5.7%
Shares of Hhgregg Inc. (NYSE:HGG) shot up 5.7% 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 stock’s market cap is $57.82 million. The firm has a 50 day moving average price of $2.00 and a 200-day moving average price of $1.88.
Hhgregg (NYSE:HGG) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.10. The company had revenue of $423.57 million for the quarter, compared to analyst estimates of $416.45 million. During the same quarter last year, the business earned ($0.17) EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts expect that Hhgregg Inc. will post ($1.10) earnings per share 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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