Gordmans Stores Inc. (GMAN) Issues Earnings Results
Gordmans Stores Inc. (NASDAQ:GMAN) issued its quarterly earnings results on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. Gordmans Stores had a negative net margin of 1.48% and a negative return on equity of 27.28%. The company earned $143.50 million during the quarter, compared to analysts’ expectations of $145.66 million. During the same period last year, the company posted ($0.14) EPS. Gordmans Stores’s revenue was down 6.8% on a year-over-year basis. Gordmans Stores updated its Q4 guidance to $0.01-0.06 EPS.
Shares of Gordmans Stores (NASDAQ:GMAN) opened at 0.77 on Wednesday. Gordmans Stores has a 1-year low of $0.72 and a 1-year high of $3.29. The company’s market capitalization is $15.00 million. The firm’s 50-day moving average is $0.80 and its 200-day moving average is $1.17.
An institutional investor recently raised its position in Gordmans Stores stock. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Gordmans Stores Inc. (NASDAQ:GMAN) by 7.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,643,849 shares of the company’s stock after buying an additional 181,814 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 13.61% of Gordmans Stores worth $3,411,000 at the end of the most recent reporting period. 27.23% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut shares of Gordmans Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th.
COPYRIGHT VIOLATION NOTICE: This piece was reported by Daily Political and is the propert of of Daily Political. If you are accessing this piece on another website, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at http://www.dailypolitical.com/2016/11/30/gordmans-stores-inc-gman-issues-earnings-results.html.
Gordmans Stores Company Profile
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.
Receive News & Ratings for Gordmans Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gordmans Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.