Wet Seal (NASDAQ:WTSL) released its earnings data on Wednesday. The company reported ($0.12) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.12), Analyst Ratings.Net reports. The company had revenue of $127.70 million for the quarter, compared to the consensus estimate of $134.49 million. During the same quarter last year, the company posted ($0.11) earnings per share. Wet Seal’s revenue was down 6.1% compared to the same quarter last year.
Wet Seal (NASDAQ:WTSL) opened at 3.19 on Thursday. Wet Seal has a 1-year low of $2.65 and a 1-year high of $5.20. The stock has a 50-day moving average of $3.31 and a 200-day moving average of $4.08. The company’s market cap is $270.3 million.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Wet Seal in a research note to investors on Friday, November 8th. They now have a $3.50 price target on the stock. On the ratings front, analysts at Brean Capital cut their price target on shares of Wet Seal from $6.00 to $5.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley cut their price target on shares of Wet Seal from $4.40 to $4.10 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $4.93.
The Wet Seal, Inc is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old.
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