Elizabeth Arden Inc. (RDEN) Sees Unusually-High Trading Volume
Elizabeth Arden Inc. (NASDAQ:RDEN) saw unusually-strong trading volume on Thursday . Approximately 667,462 shares changed hands during mid-day trading, an increase of 91% from the previous session’s volume of 349,602 shares.The stock last traded at $13.94 and had previously closed at $13.93.
Several analysts have issued reports on RDEN shares. B. Riley restated a “neutral” rating and issued a $8.50 target price on shares of Elizabeth Arden in a report on Monday, May 9th. Imperial Capital restated an “outperform” rating and issued a $14.00 target price on shares of Elizabeth Arden in a report on Wednesday, June 8th. Finally, Zacks Investment Research upgraded Elizabeth Arden from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, July 6th.
The firm’s market capitalization is $417.77 million. The firm has a 50-day moving average price of $13.88 and a 200-day moving average price of $9.95.
Elizabeth Arden (NASDAQ:RDEN) last posted its quarterly 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 earned $192.70 million during the quarter, compared to analyst estimates of $193.75 million. On average, equities analysts predict that Elizabeth Arden Inc. will post ($0.60) earnings per share for the current year.
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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