Gordmans Stores Inc. (NASDAQ:GMAN) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price target of $2.63 for the company and are forecasting that the company will post ($0.28) EPS for the current quarter, according to Zacks. Zacks has also given Gordmans Stores an industry rank of 191 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Gordmans Stores from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th.
A hedge fund recently raised its stake in Gordmans Stores stock. Spark Investment Management LLC boosted its position in shares of Gordmans Stores Inc. (NASDAQ:GMAN) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,600 shares of the company’s stock after buying an additional 11,000 shares during the period. Spark Investment Management LLC owned about 0.39% of Gordmans Stores worth $170,000 at the end of the most recent reporting period. 31.22% of the stock is owned by hedge funds and other institutional investors.
Gordmans Stores (NASDAQ:GMAN) opened at 0.83 on Wednesday. Gordmans Stores has a 1-year low of $0.77 and a 1-year high of $3.73. The company’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.52. The firm’s market capitalization is $16.17 million.
Gordmans Stores (NASDAQ:GMAN) last posted its quarterly earnings data on Friday, August 19th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by $0.01. Gordmans Stores had a negative return on equity of 27.28% and a negative net margin of 1.48%. The business had revenue of $132.10 million for the quarter, compared to analyst estimates of $138.62 million. During the same quarter last year, the business earned ($0.09) EPS. Gordmans Stores’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Gordmans Stores will post ($0.59) EPS for the current year.
About Gordmans Stores
Gordmans Stores, Inc is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers. The Company’s merchandise assortment includes apparel and footwear for men, women and children, accessories, fragrances and home fashions. It offers products for women, baby and kids, juniors and men.
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