GrowGeneration (NASDAQ:GRWG – Get Rating) was downgraded by Zacks Financial commitment Investigation from a “maintain” rating to a “offer” ranking in a report issued on Wednesday, Zacks.com studies.
In accordance to Zacks, “GrowGeneration Corp. owns and operates specialty retail hydroponic and natural gardening merchants. The business carries and sells item which features organic and natural vitamins and soils, sophisticated lights know-how and condition of the art hydroponic devices to be employed indoors and outside by industrial and home growers. It operates generally in Colorado, California, Las Vegas, Rhode Island and Washington. GrowGeneration Corp. is headquartered in Pueblo, Colorado. “
Many other investigation firms have also not long ago commented on GRWG. Roth Money lower GrowGeneration from a “buy” score to a “neutral” rating and lower their rate concentrate on for the stock from $20.00 to $8.00 in a study notice on Thursday, March 3rd. Craig Hallum slice GrowGeneration from a “obtain” rating to a “maintain” score and reduce their price target for the inventory from $30.00 to $12.50 in a exploration note on Friday, January 14th. Stifel Nicolaus minimize their value goal on GrowGeneration from $24.00 to $10.00 in a study note on Friday, January 14th. Wells Fargo & Company minimize their value concentrate on on GrowGeneration from $11.00 to $9.00 and set an “equal bodyweight” score on the inventory in a study note on Tuesday, March 1st. Ultimately, Lake Street Money cut their price focus on on GrowGeneration from $44.00 to $19.00 in a investigation observe on Thursday, January 13th. A person equities exploration analyst has rated the inventory with a provide ranking, 4 have issued a hold score and 4 have issued a buy score to the firm’s inventory. Centered on facts from MarketBeat, the enterprise at present has a consensus rating of “Keep” and an normal target price tag of $22.17.
Shares of GRWG opened at $6.40 on Wednesday. The stock’s 50-day transferring ordinary is $8.20 and its two-hundred working day transferring common is $12.33. The inventory has a current market cap of $388.76 million, a PE ratio of 30.48 and a beta of 2.84. GrowGeneration has a 12 month small of $5.73 and a 12 month superior of $52.80.
GrowGeneration (NASDAQ:GRWG – Get Score) previous issued its quarterly earnings facts on Tuesday, March 1st. The company described ($.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($.08) by $.01. The firm experienced income of $90.60 million for the quarter, compared to analysts’ anticipations of $90.81 million. GrowGeneration experienced a return on equity of 3.51% and a web margin of 3.03%. The firm’s quarterly profits was up 46.1% on a year-around-year foundation. For the duration of the exact quarter in the earlier year, the company posted $.03 earnings for each share. As a group, analysts forecast that GrowGeneration will post .05 EPS for the present yr.
Hedge resources and other institutional investors have lately produced changes to their positions in the company. TFO TDC LLC bought a new position in shares of GrowGeneration during the third quarter valued at close to $54,000. CWM LLC bought a new posture in shares of GrowGeneration during the fourth quarter valued at somewhere around $39,000. Nisa Investment Advisors LLC grew its holdings in shares of GrowGeneration by 828.6% through the to start with quarter. Nisa Financial commitment Advisors LLC now owns 3,250 shares of the firm’s stock valued at $30,000 immediately after purchasing an more 2,900 shares all through the last quarter. Place72 Hong Kong Ltd purchased a new position in shares of GrowGeneration throughout the 3rd quarter valued at around $108,000. At last, Newbridge Economic Products and services Team Inc. grew its holdings in shares of GrowGeneration by 800.% throughout the fourth quarter. Newbridge Economical Expert services Team Inc. now owns 4,500 shares of the firm’s inventory valued at $59,000 after obtaining an extra 4,000 shares all through the final quarter. Hedge money and other institutional buyers very own 44.93% of the company’s inventory.
About GrowGeneration (Get Score)
GrowGeneration Corp., by its subsidiaries, owns and operates retail hydroponic and organic gardening suppliers in the United States. It engages in the marketing and distribution of vitamins, growing media, advanced indoor and greenhouse lights, environmental regulate techniques, vertical benching, and components for hydroponic gardening, as properly as other indoor and outdoor developing solutions.
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