RetailMeNot’s (SALE) “Sell” Rating Reiterated at RBC Capital Markets
A number of other brokerages also recently weighed in on SALE. Dougherty & Co reduced their price target on shares of RetailMeNot from $15.00 to $12.00 and set a buy rating for the company in a report on Wednesday, November 2nd. Jefferies Group LLC reissued a buy rating and issued a $11.50 price target on shares of RetailMeNot in a report on Wednesday, November 2nd. Credit Suisse Group assumed coverage on shares of RetailMeNot in a report on Wednesday, January 11th. They issued an underperform rating and a $9.00 price target for the company. Zacks Investment Research downgraded shares of RetailMeNot from a buy rating to a hold rating in a report on Thursday, January 5th. Finally, Boenning Scattergood reissued a hold rating on shares of RetailMeNot in a report on Wednesday, December 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $10.12.
Shares of RetailMeNot (NASDAQ:SALE) opened at 9.30 on Tuesday. The stock has a 50 day moving average of $9.10 and a 200-day moving average of $9.81. The firm has a market capitalization of $448.27 million, a price-to-earnings ratio of 232.50 and a beta of 0.82. RetailMeNot has a 52 week low of $6.69 and a 52 week high of $12.93.
RetailMeNot (NASDAQ:SALE) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. RetailMeNot had a net margin of 3.24% and a return on equity of 4.30%. The firm earned $96.90 million during the quarter, compared to the consensus estimate of $95.48 million. During the same period in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Analysts expect that RetailMeNot will post $0.54 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the company. Hancock Holding Co. acquired a new position in RetailMeNot during the third quarter worth approximately $7,289,000. JPMorgan Chase & Co. increased its position in RetailMeNot by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 4,113,195 shares of the company’s stock worth $40,679,000 after buying an additional 41,612 shares during the last quarter. Lucus Advisors LLC acquired a new position in RetailMeNot during the third quarter worth approximately $398,000. Princeton Alpha Management LP acquired a new position in RetailMeNot during the third quarter worth approximately $124,000. Finally, G2 Investment Partners Management LLC increased its position in RetailMeNot by 25.4% in the third quarter. G2 Investment Partners Management LLC now owns 208,216 shares of the company’s stock worth $2,059,000 after buying an additional 42,211 shares during the last quarter. 81.00% of the stock is owned by institutional investors.
RetailMeNot Inc operates a digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company’s marketplace features over 800,000 digital offers each month. The Company’s Websites, mobile applications, e-mail newsletters and alerts and social media presence enable consumers to search for, discover and redeem digital offers from retailers and brands.
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