Elizabeth Arden Inc. (RDEN) Sets New 52-Week High at $13.97
Shares of Elizabeth Arden Inc. (NASDAQ:RDEN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.97 and last traded at $13.94, with a volume of 75,195 shares trading hands. The stock had previously closed at $13.92.
RDEN has been the subject of several research reports. Imperial Capital reissued an “outperform” rating and set a $14.00 price objective on shares of Elizabeth Arden in a research note on Wednesday, June 8th. Zacks Investment Research cut shares of Elizabeth Arden from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, B. Riley reissued a “neutral” rating and set a $8.50 price objective on shares of Elizabeth Arden in a research note on Saturday, May 14th.
The firm’s market capitalization is $417.79 million. The firm has a 50 day moving average price of $13.86 and a 200 day moving average price of $9.70.
Elizabeth Arden (NASDAQ:RDEN) last released its earnings results on Wednesday, August 10th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.20. The business had revenue of $192.70 million for the quarter, compared to analyst estimates of $193.75 million. Equities analysts anticipate that Elizabeth Arden Inc. will post ($1.40) earnings per share for the current year.
An institutional investor recently raised its position in Elizabeth Arden stock. Royce & Associates LLC raised its stake in shares of Elizabeth Arden Inc. (NASDAQ:RDEN) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,151,792 shares of the company’s stock after buying an additional 82,387 shares during the period. Royce & Associates LLC owned approximately 3.85% of Elizabeth Arden worth $11,403,000 as of its most recent SEC filing.
Elizabeth Arden, Inc is a global beauty products company with a portfolio of fragrance, skin care and cosmetics brands. The Company’s product portfolio includes Elizabeth Arden Brand, such as the Elizabeth Arden skin care brands (Visible Difference, Ceramide, Prevage, Eight Hour Cream, Superstart and Elizabeth Arden Pro), Elizabeth Arden branded lipstick, foundation and other color cosmetics products and Elizabeth Arden fragrances (Red Door, 5th Avenue, Elizabeth Arden Green Tea and UNTOLD); designer fragrances, which include Juicy Couture, John Varvatos, and Wildfox Couture; Heritage Fragrances, such as Curve, Elizabeth Taylor, Britney Spears, Halston, Ed Hardy, Geoffrey Beene, Alfred Sung, Giorgio Beverly Hills, Lucky, PS Fine Cologne, White Shoulders, BCBGMAXAZRIA, Rocawear and Jennifer Aniston, and celebrity fragrances, which include the fragrance brands of Justin Bieber, Mariah Carey, Nicki Minaj and Taylor Swift.
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