Barclays Capital Gives Underweight Rating to HHGregg (HGG)

By admin | 6 years ago

HHGregg (NYSE: HGG)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays Capital (NYSE: BCS) in a report released on Thursday.

Shares of HHGregg opened at 10.60 on Thursday. HHGregg has a one year low of $8.88 and a one year high of $16.65. The company has a market cap of $394.8 million and a P/E ratio of 9.78.

HHGregg last issued its quarterly earnings data on Wednesday, May 23rd. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.02. The company’s quarterly revenue was up 21.1% on a year-over-year basis. On average, analysts predict that HHGregg will post $0.15 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of HHGregg in a research note to investors on Thursday. Separately, 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.

hhgregg, Inc. (hhgregg) is a specialty retailer of consumer electronics, home appliances and related services operating under the name hhgregg.

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