Gordmans Stores (GMAN) Announces Quarterly Results, Beats Estimates By $0.03 EPS
Tuesday, August 30, 2021 5:05 PM

Gordmans Stores (GMAN) announced its quarterly results on Tuesday. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.03. The company’s quarterly revenue was up 3.4% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research upgraded shares of Gordmans Stores from an "underperform" rating to a "neutral" rating in a research note to investors on Wednesday, August 3rd.

Shares of Gordmans Stores (GMAN) traded down 0.58% during mid-day trading on Tuesday, hitting $15.30. Gordmans Stores (GMAN) has a 52 week low of $9.26 and a 52 week high of $23.24. The stock's 50-day moving average is $17.16 and its 200-day moving average is $17.22. The company has a market cap of $286.2 million and a price-to-earnings ratio of 16.95.

Gordmans Stores, Inc. is an everyday low price retailer featuring a large selection of the latest brands, fashions and styles at up to 60% off department and specialty store prices every day. The Company’s merchandise assortment includes apparel for all ages, accessories, footwear and home fashions. As of June 4, 2010, Gordmans operated 68 stores in 16 primarily Midwestern states with a total of 4 million square feet and an average store size of 59,100 square feet. The stores are comprised of 50 prototype locations with an average age and size of six years and 55,000 square feet, respectively, and 18 locations with an average age and size of 22 years and 70,200 square feet, respectively. The stores are situated in a variety of shopping center developments, including regional enclosed shopping malls, lifestyle centers and power centers. Its subsidiaries include Gordmans Intermediate Holding Corp., Gordmans, Inc., Gordmans Management Company, Inc. and Gordmans Distribution Company, Inc.

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