Zacks: Brokerages Set $2.63 Price Target for Gordmans Stores Inc. (GMAN)
Gordmans Stores Inc. (NASDAQ:GMAN) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price target of $2.63 for the company and are predicting that the company will post ($0.28) earnings per share for the current quarter, according to Zacks. Zacks has also given Gordmans Stores an industry rank of 216 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Gordmans Stores from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th.
Shares of Gordmans Stores (NASDAQ:GMAN) traded up 1.19% during trading on Wednesday, hitting $0.85. 9,038 shares of the stock were exchanged. Gordmans Stores has a one year low of $0.77 and a one year high of $3.82. The stock’s 50 day moving average price is $0.98 and its 200 day moving average price is $1.54. The stock’s market cap is $16.56 million.
Gordmans Stores (NASDAQ:GMAN) last issued its earnings results on Friday, August 19th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by $0.01. Gordmans Stores had a negative return on equity of 27.28% and a negative net margin of 1.48%. The firm earned $132.10 million during the quarter, compared to analyst estimates of $138.62 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts predict that Gordmans Stores will post ($0.59) EPS for the current year.
A hedge fund recently raised its stake in Gordmans Stores stock. Spark Investment Management LLC increased its position in shares of Gordmans Stores Inc. (NASDAQ:GMAN) by 17.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,600 shares of the company’s stock after buying an additional 11,000 shares during the period. Spark Investment Management LLC owned approximately 0.39% of Gordmans Stores worth $170,000 at the end of the most recent quarter. Institutional investors and hedge funds own 31.22% of the company’s stock.
About Gordmans Stores
Gordmans Stores, Inc is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers. The Company’s merchandise assortment includes apparel and footwear for men, women and children, accessories, fragrances and home fashions. It offers products for women, baby and kids, juniors and men.
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