Robert W. Baird downgraded shares of Gordmans Stores (NASDAQ:GMAN) from an outperform rating to a neutral rating in a research note released on Tuesday morning, AnalystRatingsNetwork reports. They currently have $10.00 target price on the stock, down from their previous target price of $15.00.
Gordmans Stores (NASDAQ:GMAN) traded down 6.05% during mid-day trading on Tuesday, hitting $8.08. 109,255 shares of the company’s stock traded hands. Gordmans Stores has a 1-year low of $8.50 and a 1-year high of $16.13. The stock has a 50-day moving average of $10.00 and a 200-day moving average of $12.50. The company has a market cap of $155.6 million and a price-to-earnings ratio of 10.36.
Gordmans Stores (NASDAQ:GMAN) last posted its quarterly earnings results on Wednesday, November 27th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.07. The company had revenue of $151.30 million for the quarter, compared to the consensus estimate of $150.33 million. During the same quarter last year, the company posted $0.21 earnings per share. Gordmans Stores’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Gordmans Stores will post $0.72 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of Gordmans Stores from a buy rating to a hold rating in a research note to investors on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $14.00.
Gordmans Stores, Inc Operates as an apparel and home fashions retailer. The Company offers apparels, including young mens, mens, juniors, womens, plus sizes, maternity, and childrens clothing comprising offerings for infants, toddlers, boys, and girls; and accessories consisting of designer fragrances, intimate apparel, handbags, sunglasses, fashion jewelry, legwear, and sleepwear.
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