Auriga Cuts Collective Brands to Hold (PSS)

By admin | 7 years ago

Collective Brands (NYSE: PSS) was downgraded by analysts at Auriga from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Caris & Co. upgraded shares of Collective Brands from an “average” rating to an “above average” rating in a research note to investors on Wednesday, February 29th. They now have a $21.00 price target on the stock. Analysts at Zacks downgraded shares of Collective Brands from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 2nd.

Collective Brands opened at 21.16 on Tuesday. Collective Brands has a 52-week low of $9.11 and a 52-week high of $21.34. The company’s market cap is $1.283 billion.

The company last announced its quarterly results on Tuesday, February 28th. It reported ($0.61) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.78) EPS by $0.17. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Collective Brands will post $0.24 EPS next quarter.

Collective Brands, Inc. (Collective Brands) operates a hybrid business model that includes retail, wholesale, licensing, digital commerce and franchising businesses.

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