Hhgregg Inc. (HGG) Shares Down 3.8%
Hhgregg Inc. (NYSE:HGG)’s share price traded down 3.8% during mid-day trading on Thursday . The stock traded as low as $1.98 and last traded at $2.00, with a volume of 125,166 shares changing hands. The stock had previously closed at $2.08.
Separately, Zacks Investment Research raised Hhgregg from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a research note on Monday, May 23rd.
The stock’s 50-day moving average is $2.07 and its 200 day moving average is $1.90. The stock’s market cap is $56.15 million.
Hhgregg (NYSE:HGG) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate 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 last year, the business earned ($0.17) EPS. Hhgregg’s revenue was down 4.0% on a year-over-year basis. On average, 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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