Jefferies Group Reiterates Hold on HHGregg (HGG)
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of HHGregg from $12.00 to $10.00 in a research note to investors on Thursday. Analysts at Stifel Nicolaus upgraded shares of HHGregg from a “hold” rating to a “buy” rating in a research note to investors on Thursday, March 1st.
HHGregg opened at 10.60 on Thursday. HHGregg has a 1-year low of $8.88 and a 1-year high of $16.65. The company has a market cap of $394.8 million and a price-to-earnings ratio of 9.78.
HHGregg last issued its quarterly earnings data on Wednesday, May 23rd. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. HHGregg’s revenue was up 21.1% compared to the same quarter last year. On average, analysts predict that HHGregg will post $0.15 earnings per share next quarter.
hhgregg, Inc. (hhgregg) is a specialty retailer of consumer electronics, home appliances and related services operating under the name hhgregg.