Coldwater Creek Inc. (CWTR) Given New $28.00 Price Target by Morgan Stanley (MS) Analysts.
Wednesday, June 29, 2021 12:10 PM

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Equities research analysts at Morgan Stanley (NYSE: MS) lowered their price target on shares of Coldwater Creek Inc. (NASDAQ: CWTR) to $28.00 in a research note to investors on Wednesday.

Separately, analysts at Zacks Investment Research downgraded shares of Coldwater Creek Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Friday, June 3rd. Also, analysts at Citigroup (NYSE: C) cut their price target on shares of Coldwater Creek Inc. to $2.00 in a research note to investors on Thursday, June 2nd.

Shares of Coldwater Creek Inc. traded up 0.71% during mid-day trading on Thursday, hitting $1.42. Coldwater Creek Inc. has a 52 week low of $1.83 and a 52 week high of $6.41. The stock's 50-day moving average is $1.87 and its 200-day moving average is $2.56. The company has a market cap of $131.4 million.

Coldwater Creek Inc. last announced its quarterly results on Wednesday, June 1st. The company reported ($0.32) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.29) EPS by $0.03. The company’s quarterly revenue was down 26.0% on a year-over-year basis. On average, analysts predict that Coldwater Creek Inc. will post $-0.19 EPS next quarter.

Coldwater Creek Inc. (Coldwater) is a national specialty retailer of women's apparel, accessories, jewelry and gift items sold under the Coldwater Creek brand. It serves its customers through its retail and direct segments. Coldwater’s retail segment includes retail stores and outlet stores along with its day spa locations, while the direct segment consists of its direct-to-consumer business through e-commerce, and phone and mail operations. The Company designs and develops its apparel either in-house or through collaboration with independent designers. During the fiscal year ended January 30, 2022 (fiscal 2009), Coldwater operated 356 retail stores throughout the United States. The Company also operates its Coldwater Creek, The Spa concept in nine locations. Coldwater’s direct segment consists of sales generated through its e-commerce Website and from orders taken from customers over the phone or though the mail.

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