Equities research analysts at Ticonderoga upgraded shares of Collective Brands Inc. (NYSE: PSS) from a "neutral" rating to a "buy" rating in a research note to investors on Wednesday. The analysts currently have a $19.00 price target on the stock.
Separately, analysts at Caris & Company upgraded shares of Collective Brands Inc. from a "below average" rating to an "average" rating in a research note to investors on Monday, July 11st. They now have a $14.00 price target on the stock, up previously from $12.00.
Shares of Collective Brands Inc. opened at 13.90 on Thursday. Collective Brands Inc. has a 52 week low of $12.41 and a 52 week high of $23.96. The stock's 50-day moving average is $14.42 and its 200-day moving average is $19.21. The company has a market cap of $855.6 million and a price-to-earnings ratio of 10.47.
Collective Brands Inc. last announced its quarterly results on Tuesday, May 24th. The company reported $0.42 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.82 EPS by $0.40. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Collective Brands Inc. will post $0.67 EPS next quarter.
Collective Brands, Inc. (Collective Brands) operates a hybrid business model that includes retail, wholesale, licensing, digital commerce and franchising businesses. The Company operates its business in four segments: Payless Domestic, Payless International, PLG Wholesale and PLG Retail. The Payless Domestic segment consists of domestic retail stores under the Payless ShoeSource name, as well as the Company’s sourcing unit and Collective Licensing. The Payless International reporting segment consists of international retail stores under the Payless ShoeSource name in Canada, the South American Region, the Central American Region, Puerto Rico and the United States Virgin Islands, as well as the franchising arrangements under the Payless ShoeSource name. The PLG Wholesale segment consists of PLG’s global wholesale operations, as well as dealer operations. The PLG Retail segment consists of results from PLG’s owned Stride Rite Children’s stores and Stride Rite Outlet stores.
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