Pacific Sunwear of California, Inc. (PSUN) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Tuesday, August 23, 2021 5:05 PM



Pacific Sunwear of California, Inc. (PSUN) announced its quarterly results on Tuesday. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.24) by $0.06. The company’s quarterly revenue was down 1.6% on a year-over-year basis.

On a related note, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Pacific Sunwear of California, Inc. from $4.00 to $2.00 in a research note to investors on Monday, August 15th. They now have an "equal weight" rating on the stock. Also, analysts at Wedbush raised their price target on shares of Pacific Sunwear of California, Inc. to $4.00 in a research note to investors on Wednesday, May 25th.

Shares of Pacific Sunwear of California, Inc. (PSUN) traded up 10.71% during mid-day trading on Tuesday, hitting $2.17. Pacific Sunwear of California, Inc. (PSUN) has a 52 week low of $1.86 and a 52 week high of $6.84. The stock's 50-day moving average is $2.57 and its 200-day moving average is $3.29. The company has a market cap of $143.9 million.

Pacific Sunwear of California, Inc. (PacSun) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. The Company sells casual apparel with a limited selection of accessories and footwear designed to meet the needs of teens and young adults. The Company operates a nationwide, primarily mall-based chain of retail stores under the names Pacific Sunwear and PacSun. In addition, the Company operates an e-commerce Website at www.pacsun.com, which sells PacSun merchandise online, provides content and community for its target customers, and provides information about the Company.

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