Oscar Gruss Lowers Collective Brands to Hold (PSS)

By admin | 6 years ago

Collective Brands (NYSE: PSS) was downgraded by investment analysts at Oscar Gruss to a “hold” rating in a note issued to investors on Thursday.

Collective Brands traded down 0.09% on Thursday, hitting $21.26. Collective Brands has a 1-year low of $9.11 and a 1-year high of $21.34. The company’s market cap is $1.289 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.

PSS has been the subject of a number of other recent research reports. Analysts at Johnson Rice upgraded shares of Collective Brands to an “equal weight” rating in a research note to investors on Wednesday. Separately, analysts at Susquehanna downgraded shares of Collective Brands from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday. Finally, analysts at Auriga downgraded shares of Collective Brands from a “buy” rating to a “hold” rating in a research note to investors on Tuesday.

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

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