Trading Report: Today: Gordmans Stores Inc. (GMAN) Given Consensus Rating of “Hold” by Brokerages

Today: Gordmans Stores Inc. (GMAN) Given Consensus Rating of “Hold” by Brokerages

Gordmans Stores Inc. (NASDAQ:GMAN) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus price objective of $4.00 for the company and are anticipating that the company will post ($0.27) earnings per share for the current quarter, according to Zacks. Zacks has also given Gordmans Stores an industry rank of 99 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded Gordmans Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th.

Shares of Gordmans Stores (NASDAQ:GMAN) traded down 0.5296% on Monday, reaching $0.7889. 6,951 shares of the company were exchanged. Gordmans Stores has a 12-month low of $0.72 and a 12-month high of $3.42. The firm’s market capitalization is $15.37 million. The stock’s 50-day moving average is $0.80 and its 200 day moving average is $1.20.

An institutional investor recently raised its position in Gordmans Stores stock. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Gordmans Stores Inc. (NASDAQ:GMAN) by 7.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,643,849 shares of the company’s stock after buying an additional 181,814 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 13.61% of Gordmans Stores worth $3,411,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.23% of the company’s stock.

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.

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