Raymond James Cuts Cost Plus to Market Perform (CPWM)

By admin | 6 years ago

Cost Plus (NASDAQ: CPWM) was downgraded by investment analysts at Raymond James (NYSE: RJF) from a “strong-buy” rating to a “market perform” rating in a note issued to investors on Thursday.

Shares of Cost Plus traded up 0.09% during mid-day trading on Thursday, hitting $21.94. Cost Plus has a one year low of $5.57 and a one year high of $21.97. The company has a market cap of $493.4 million and a P/E ratio of 30.96.

Cost Plus last issued its quarterly earnings data on Thursday, March 22nd. The company reported $1.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.50 by $0.06. Cost Plus’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Cost Plus will post $-0.24 earnings per share next quarter.

A number of other firms have also recently commented on CPWM. Analysts at Wedbush downgraded shares of Cost Plus from a “neutral” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Sidoti downgraded shares of Cost Plus from a “buy” rating to a “neutral” rating in a research note to investors on Monday, March 26th. Finally, analysts at Stephens initiated coverage on shares of Cost Plus in a research note to investors on Friday, March 16th. They set an “equal weight” rating on the stock.

Cost Plus, Inc. is a specialty retailer of casual home furnishings and entertaining products in the United States.

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