Hot Topic Inc (HOTT) Updates Q3 Earnings Guidance
Hot Topic Inc (HOTT) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.08-0.10 for the period. Hot Topic also updated its Q4 guidance to $0.23-0.27 EPS.
HOTT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Hot Topic from an outperform rating to a neutral rating in a research note to investors on Thursday, October 18th. They now have a $10.00 price target on the stock. On a related note, analysts at Janney Montgomery Scott reiterated a buy rating on shares of Hot Topic in a research note to investors on Thursday, August 16th. Finally, analysts at Piper Jaffray downgraded shares of Hot Topic from an overweight rating to a neutral rating in a research note to investors on Thursday, August 2nd.
Hot Topic Inc (HOTT) traded down 1.97% on Wednesday, hitting $8.48. Hot Topic Inc (HOTT) has a 1-year low of $6.44 and a 1-year high of $10.73. The company has a market cap of $358.6 million and a price-to-earnings ratio of 24.57.
Hot Topic last posted its quarterly earnings results on Wednesday, August 15th. The company reported ($0.02) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.02). Hot Topic’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that Hot Topic Inc (HOTT) will post $0.42 EPS for the current fiscal year.
Hot Topic, Inc. is a mall and Web-based specialty retailer operating the Hot Topic and Torrid concepts, as well as the e-space music concept, ShockHound.
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