Hhgregg Inc. (HGG) Trading Down 3.9%
Hhgregg Inc. (NYSE:HGG) dropped 3.9% on Thursday . The company traded as low as $2.09 and last traded at $2.19, with a volume of 226,265 shares. The stock had previously closed at $2.28.
Separately, Zacks Investment Research raised shares of Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $3.56.
The company’s 50 day moving average is $1.85 and its 200 day moving average is $1.86. The stock’s market capitalization is $60.68 million.
Hhgregg (NYSE:HGG) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.10. The firm had revenue of $423.57 million for the quarter, compared to analyst estimates of $416.45 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts forecast that Hhgregg Inc. will post ($1.15) 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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