Brilliant Earth Group’s (BRLT) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Brilliant Earth Group (NASDAQ:BRLT) in a research note published on Friday morning, Benzinga reports. The firm currently has a $4.00 target price on the stock.

BRLT has been the subject of a number of other research reports. TD Cowen reduced their price objective on Brilliant Earth Group from $3.40 to $3.00 and set a market perform rating for the company in a research note on Friday, March 15th. KeyCorp dropped their target price on Brilliant Earth Group from $6.00 to $3.00 and set an overweight rating on the stock in a research report on Monday, April 29th.

Brilliant Earth Group Stock Performance

Shares of BRLT opened at $2.61 on Friday. Brilliant Earth Group has a 12 month low of $2.04 and a 12 month high of $4.29. The stock has a fifty day moving average price of $2.80 and a 200-day moving average price of $2.93. The company has a current ratio of 2.66, a quick ratio of 2.17 and a debt-to-equity ratio of 0.57. The firm has a market cap of $255.41 million, a PE ratio of 52.21 and a beta of 1.63.

Brilliant Earth Group (NASDAQ:BRLT) last issued its earnings results on Thursday, March 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $124.30 million during the quarter, compared to analyst estimates of $125.10 million. Brilliant Earth Group had a return on equity of 7.19% and a net margin of 0.51%. Equities research analysts predict that Brilliant Earth Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brilliant Earth Group

Several institutional investors have recently bought and sold shares of BRLT. Avestar Capital LLC boosted its holdings in shares of Brilliant Earth Group by 25.0% during the 4th quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock worth $93,000 after purchasing an additional 5,000 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Brilliant Earth Group by 7.1% during the 3rd quarter. Federated Hermes Inc. now owns 120,000 shares of the company’s stock worth $354,000 after purchasing an additional 7,920 shares during the last quarter. Finally, Mainsail Management Company LLC acquired a new position in shares of Brilliant Earth Group during the 3rd quarter worth approximately $94,299,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.