Hhgregg Inc. (HGG) Stock Price Down 3.9%
Shares of Hhgregg Inc. (NYSE:HGG) fell 3.9% during trading on Thursday . The company traded as low as $2.09 and last traded at $2.19, with a volume of 226,265 shares traded. 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 $1.75 target price for the company in a report on Monday, May 23rd. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $3.56.
The stock’s market cap is $60.12 million. The firm has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.87.
Hhgregg (NYSE:HGG) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 last year, the company earned ($0.17) earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Hhgregg Inc. will post ($1.13) EPS for the current 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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