Hhgregg Inc. (HGG) Sees Large Volume Increase
Hhgregg Inc. (NYSE:HGG) shares saw unusually-high trading volume on Tuesday . Approximately 141,403 shares traded hands during trading, an increase of 67% from the previous session’s volume of 84,449 shares.The stock last traded at $2.17 and had previously closed at $2.07.
Separately, Zacks Investment Research upgraded shares of Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Tuesday, August 9th.
The firm has a 50 day moving average price of $2.03 and a 200-day moving average price of $1.89. The firm’s market cap is $61.02 million.
Hhgregg (NYSE:HGG) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The company had revenue of $423.57 million for the quarter, compared to the consensus estimate of $416.45 million. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Hhgregg’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts forecast that Hhgregg Inc. will post ($1.10) EPS for the current fiscal 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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