Shares of Centric Brands Inc (NASDAQ:CTRC) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $8.00 for the company and are predicting that the company will post ($0.70) earnings per share for the current quarter, according to Zacks. Zacks has also given Centric Brands an industry rank of 72 out of 256 based on the ratings given to related companies.

Separately, ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th.

Centric Brands stock traded down $0.14 during trading hours on Monday, reaching $2.60. The company had a trading volume of 67,503 shares, compared to its average volume of 139,098. The company has a debt-to-equity ratio of 304.20, a quick ratio of 0.25 and a current ratio of 0.77. The stock has a 50-day simple moving average of $3.57. The stock has a market cap of $160.41 million, a price-to-earnings ratio of -0.43 and a beta of -0.92. Centric Brands has a 12-month low of $2.57 and a 12-month high of $6.60.

Centric Brands (NASDAQ:CTRC) last announced its quarterly earnings results on Monday, May 20th. The company reported ($1.40) EPS for the quarter. The company had revenue of $528.90 million during the quarter. Centric Brands had a negative return on equity of 424.90% and a negative net margin of 18.55%. Analysts anticipate that Centric Brands will post -1.18 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Altfest L J & Co. Inc. grew its position in shares of Centric Brands by 24.1% in the 1st quarter. Altfest L J & Co. Inc. now owns 106,106 shares of the company’s stock worth $477,000 after buying an additional 20,600 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Centric Brands in the 4th quarter worth approximately $75,000. Northern Trust Corp bought a new stake in shares of Centric Brands in the 4th quarter worth approximately $103,000. Dimensional Fund Advisors LP bought a new stake in shares of Centric Brands in the 4th quarter worth approximately $197,000. Finally, Geode Capital Management LLC bought a new stake in shares of Centric Brands in the 4th quarter worth approximately $327,000. 53.22% of the stock is currently owned by institutional investors and hedge funds.

Centric Brands Company Profile

Centric Brands Inc designs, produces, manages, and builds kid's wear, and women's and men's accessories and apparel, and distributes its products across various retail and digital channels in North America and international markets. The company also licenses approximately 100 brands across its core product categories, including kid's, women's, and men's accessories and apparel.

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