Zacks: Retail Value Inc (NYSE:RVI) Given $38.00 Average Price Target by Brokerages

Retail Value Inc (NYSE:RVI) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a one year consensus price target of $38.00 for the company, according to Zacks. Zacks has also given Retail Value an industry rank of 145 out of 255 based on the ratings given to related companies.

RVI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Retail Value from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, March 10th. ValuEngine upgraded shares of Retail Value from a “sell” rating to a “hold” rating in a report on Friday, February 7th.

Several hedge funds have recently made changes to their positions in RVI. Bank of New York Mellon Corp boosted its holdings in shares of Retail Value by 98.3% during the 4th quarter. Bank of New York Mellon Corp now owns 171,417 shares of the company’s stock valued at $6,308,000 after buying an additional 84,983 shares in the last quarter. Colony Capital Inc. bought a new stake in shares of Retail Value during the 4th quarter valued at $2,678,000. Goldman Sachs Group Inc. boosted its holdings in shares of Retail Value by 43.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 212,650 shares of the company’s stock valued at $7,826,000 after buying an additional 64,121 shares in the last quarter. Mackay Shields LLC boosted its holdings in shares of Retail Value by 111.8% during the 4th quarter. Mackay Shields LLC now owns 88,100 shares of the company’s stock valued at $3,242,000 after buying an additional 46,500 shares in the last quarter. Finally, AXA bought a new stake in shares of Retail Value during the 4th quarter valued at $1,446,000. Hedge funds and other institutional investors own 72.35% of the company’s stock.

NYSE:RVI traded up $0.29 during trading hours on Monday, hitting $12.15. The company had a trading volume of 71,772 shares, compared to its average volume of 101,547. The company has a market capitalization of $241.56 million, a PE ratio of 4.96 and a beta of 1.49. The stock has a 50-day moving average price of $26.32 and a 200 day moving average price of $33.77. Retail Value has a 52 week low of $8.32 and a 52 week high of $38.85. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.88 and a quick ratio of 3.88.

Retail Value (NYSE:RVI) last released its quarterly earnings results on Monday, March 2nd. The company reported ($2.06) earnings per share for the quarter. The company had revenue of $55.74 million during the quarter. Retail Value had a net margin of 19.56% and a return on equity of 6.61%. Analysts anticipate that Retail Value will post 0.66 EPS for the current fiscal year.

About Retail Value

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets.

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