UBS AG Lowers Price Target on Saks (SKS)

By admin | 6 years ago

Equities researchers at UBS AG (NYSE: UBS) cut their target price on shares of Saks (NYSE: SKS) to $11.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock.

Saks traded down 1.91% on Wednesday, hitting $9.75. Saks has a 52-week low of $7.67 and a 52-week high of $12.14. The company has a market cap of $1.508 billion and a price-to-earnings ratio of 20.97.

Saks last posted its quarterly earnings results on Tuesday, May 15th. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.19. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Saks will post $0.13 earnings per share next quarter.

Separately, analysts at Zacks reiterated a “neutral” rating on shares of Saks in a research note to investors on Monday, March 26th. They now have a $12.00 price target on the stock.

Saks Incorporated is a fashion retail organization offering a range of distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts.

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