Elizabeth Arden Inc. (RDEN) Sets New 1-Year High at $13.98
Shares of Elizabeth Arden Inc. (NASDAQ:RDEN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.98 and last traded at $13.93, with a volume of 101,313 shares changing hands. The stock had previously closed at $13.94.
A number of analysts have recently weighed in on the stock. 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 report on Wednesday, July 6th. B. Riley reaffirmed a “neutral” rating and set a $8.50 price target on shares of Elizabeth Arden in a report on Saturday, May 14th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $14.00 price target on shares of Elizabeth Arden in a report on Wednesday, June 8th.
The stock’s market capitalization is $417.79 million. The firm has a 50 day moving average price of $13.90 and a 200 day moving average price of $10.13.
Elizabeth Arden (NASDAQ:RDEN) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.58) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.78) by $0.20. The business earned $192.70 million during the quarter, compared to the consensus estimate of $193.75 million. On average, analysts forecast that Elizabeth Arden Inc. will post ($0.49) earnings per share 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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