Zale Corp (NYSE:ZLC) released its earnings data on Tuesday. The company reported ($0.83) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.86) by $0.03, AnalystRatingsNetwork.com reports.
ZLC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Zale Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 29th. They now have a $14.40 price target on the stock. Analysts at Northcoast Research downgraded shares of Zale Corp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.80.
Zale Corp (NYSE:ZLC) traded up 3.85% on Tuesday, hitting $14.83. 1,160,334 shares of the company’s stock traded hands. Zale Corp has a 52 week low of $3.76 and a 52 week high of $17.16. The stock’s 50-day moving average is $15.52 and its 200-day moving average is $11.41. The company has a market cap of $485.9 million and a P/E ratio of 59.50.
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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