Northcoast Research lowered shares of Zale Corp (NYSE:ZLC) from a buy rating to a neutral rating in a research report released on Thursday morning, TheFlyOnTheWall.com reports.
Shares of Zale Corp (NYSE:ZLC) traded down 2.32% on Thursday, hitting $15.57. The stock had a trading volume of 222,619 shares. Zale Corp has a 1-year low of $3.76 and a 1-year high of $17.16. The stock has a 50-day moving average of $14.81 and a 200-day moving average of $9.2. The company has a market cap of $510.1 million and a price-to-earnings ratio of 66.42.
Zale Corp (NYSE:ZLC) last posted its quarterly earnings results on Wednesday, August 28th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.08. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $409.04 million. During the same quarter in the previous year, the company posted ($0.61) earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.
Zale Corporation, through its wholly owned subsidiaries, is a specialty retailer of fine jewelry. As of July 31, 2010, it operated 1,218 specialty retail jewelry stores and 672 kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico.
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