Jefferies Analysts Adjust Price Target on hhgregg, Inc. (HGG)
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Price: $13.75 --0%
Rating Summary:
1 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
1 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade HGG Now!
Jefferies lowered their price target on hhgregg, Inc. (NYSE: HGG) from $12.50 to $11 but they maintained a HOLD rating on the regional consumer electronics retailer.
Comp store sales and margins continue to erode at hhgreeg, Inc. and shares are pricing in a lot of risk, but Jefferies analysts are maintaining their hold rating as the company continues to take share in the appliances market.
The reduced price target is an adjustment to reflect a softer sales outlook. Analysts lowered FY13 and FY14 EPS estimates to $1.21 and $1.36 from $1.25 and $1.40,
respectively.
For an analyst ratings summary and ratings history on hhgregg click here. For more ratings news on hhgregg click here.
Shares of hhgregg closed at $9.88 yesterday, with a 52 week range of $8.88-$16.65.
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Comp store sales and margins continue to erode at hhgreeg, Inc. and shares are pricing in a lot of risk, but Jefferies analysts are maintaining their hold rating as the company continues to take share in the appliances market.
The reduced price target is an adjustment to reflect a softer sales outlook. Analysts lowered FY13 and FY14 EPS estimates to $1.21 and $1.36 from $1.25 and $1.40,
respectively.
For an analyst ratings summary and ratings history on hhgregg click here. For more ratings news on hhgregg click here.
Shares of hhgregg closed at $9.88 yesterday, with a 52 week range of $8.88-$16.65.
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