Black Diamond Inc (BDE) Rating Reiterated by DA Davidson
Black Diamond Inc (NASDAQ:BDE)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research report issued on Monday.
Separately, Zacks Investment Research upgraded shares of Black Diamond from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Tuesday, November 1st.
Shares of Black Diamond (NASDAQ:BDE) opened at 6.15 on Monday. Black Diamond has a 52-week low of $3.85 and a 52-week high of $6.35. The company has a 50 day moving average of $5.21 and a 200 day moving average of $4.62.
Black Diamond (NASDAQ:BDE) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. Black Diamond had a negative net margin of 18.77% and a negative return on equity of 1.89%. The business had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $37.60 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Black Diamond will post ($0.03) EPS for the current fiscal year.
A number of large investors have recently modified their holdings of BDE. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Black Diamond by 32.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,200 shares of the company’s stock valued at $113,000 after buying an additional 6,700 shares during the period. Alpine Partners VI LLC acquired a new stake in shares of Black Diamond during the second quarter valued at approximately $120,000. Nationwide Fund Advisors boosted its stake in shares of Black Diamond by 99.0% in the second quarter. Nationwide Fund Advisors now owns 29,310 shares of the company’s stock valued at $121,000 after buying an additional 14,578 shares during the period. Baker Ellis Asset Management LLC bought a new stake in Black Diamond during the third quarter valued at about $133,000. Finally, Alambic Investment Management L.P. bought a new stake in Black Diamond during the second quarter valued at about $152,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.
Black Diamond Company Profile
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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