Gordmans Stores Inc. (NASDAQ:GMAN) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Analysts have set a 1 year consensus price objective of $2.63 for the company and are expecting that the company will post ($0.28) EPS for the current quarter, according to Zacks. Zacks has also assigned Gordmans Stores an industry rank of 184 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Gordmans Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th.
An institutional investor recently raised its position in Gordmans Stores stock. Spark Investment Management LLC raised its position in shares of Gordmans Stores Inc. (NASDAQ:GMAN) by 17.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,600 shares of the company’s stock after buying an additional 11,000 shares during the period. Spark Investment Management LLC owned 0.39% of Gordmans Stores worth $170,000 as of its most recent SEC filing. 31.22% of the stock is owned by hedge funds and other institutional investors.
Gordmans Stores (NASDAQ:GMAN) opened at 0.83 on Wednesday. The stock’s market cap is $16.17 million. Gordmans Stores has a 52-week low of $0.77 and a 52-week high of $3.73. The stock has a 50 day moving average price of $0.94 and a 200 day moving average price of $1.52.
Gordmans Stores (NASDAQ:GMAN) last issued its quarterly earnings data on Friday, August 19th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $132.10 million for the quarter, compared to analysts’ expectations of $138.62 million. Gordmans Stores had a negative return on equity of 27.28% and a negative net margin of 1.48%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share. Analysts expect that Gordmans Stores will post ($0.59) EPS for the current fiscal year.
Gordmans Stores Company Profile
Gordmans Stores, Inc is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers. The Company’s merchandise assortment includes apparel and footwear for men, women and children, accessories, fragrances and home fashions. It offers products for women, baby and kids, juniors and men.