HHGregg (NYSE: HGG) was downgraded by equities researchers at Thomson Reuters/Verus from a “buy” rating to a “hold” rating in a research report issued on Monday, StockRatingsNetwork.com reports.
Shares of HHGregg (NYSE: HGG) traded up 0.34% during mid-day trading on Monday, hitting $16.1853. HHGregg has a one year low of $5.84 and a one year high of $16.16. The stock’s 50-day moving average is currently $14.16. The company has a market cap of $509.4 million and a P/E ratio of 21.89.
HHGregg (NYSE: HGG) last released its earnings data on Monday, May 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $597.63 million for the quarter, compared to the consensus estimate of $622.57 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. HHGregg has set its FY14 guidance at $0.75-0.90 EPS. On average, analysts predict that HHGregg will post $0.83 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HGG. Analysts at Zacks upgraded shares of HHGregg from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 28th. They now have a $15.00 price target on the stock. Separately, analysts at JP Morgan Cazenove raised their price target on shares of HHGregg from $9.00 to $17.00 in a research note to investors on Tuesday, May 21st. They now have a “neutral” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of HHGregg from $9.00 to $11.00 in a research note to investors on Tuesday, May 21st. They now have a “neutral” rating on the stock.
Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.83.
hhgregg, Inc. (NYSE: HGG) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.