1847 Goedeker (NYSE:GOED) Announces Earnings Results

1847 Goedeker (NYSE:GOED – Get Rating) posted its quarterly earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06, MarketWatch Earnings reports. 1847 Goedeker had a return on equity of 8.55% and a net margin of 2.12%.

Shares of GOED stock opened at $1.67 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $1.55 and its two-hundred day moving average is $2.01. 1847 Goedeker has a 12 month low of $1.26 and a 12 month high of $16.82.

Separately, Lake Street Capital started coverage on 1847 Goedeker in a report on Monday, January 24th. They issued a “buy” rating and a $5.00 target price for the company.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOED. State Street Corp increased its position in shares of 1847 Goedeker by 4.7% during the 1st quarter. State Street Corp now owns 358,067 shares of the company’s stock worth $687,000 after purchasing an additional 16,167 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of 1847 Goedeker by 241.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,467,610 shares of the company’s stock valued at $2,818,000 after acquiring an additional 1,038,301 shares during the period. Morgan Dempsey Capital Management LLC lifted its holdings in shares of 1847 Goedeker by 5,574.7% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 3,639,244 shares of the company’s stock worth $6,987,000 after acquiring an additional 3,575,113 shares during the last quarter. Guardian Wealth Management Inc. purchased a new position in shares of 1847 Goedeker during the 1st quarter worth approximately $930,000. Finally, Vanguard Group Inc. raised its position in 1847 Goedeker by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,848,978 shares of the company’s stock valued at $9,310,000 after purchasing an additional 272,581 shares during the period. Hedge funds and other institutional investors own 45.27% of the company’s stock.

About 1847 Goedeker (Get Rating)

1847 Goedeker Inc operates an e-commerce platform for appliances, furniture, and home goods in the United States. The company offers household appliances, including refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. It also sells furniture, décor, bed and bath, lighting, outdoor living, electronics, fitness equipment, plumbing fixtures, air conditioners, fireplaces, fans, dehumidifiers, humidifiers, air purifiers, and televisions.

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