Hot Topic Upgraded to “Fair Value” by Janney Montgomery Scott (HOTT) - InvestingChannel

Hot Topic Upgraded to “Fair Value” by Janney Montgomery Scott (HOTT)

Shares of Hot Topic traded down 0.29% during mid-day trading on Friday, hitting $13.83. Hot Topic has a one year low of $8.25 and a one year high of $13.95. The stock?s 50-day moving average is currently $11.07. The company has a market cap of $585.2 million and a P/E ratio of 36.50.

HOTT has been the subject of a number of other recent research reports. Analysts at Susquehanna downgraded shares of Hot Topic to a ?neutral? rating in a research note to investors on Friday. Separately, analysts at B. Riley downgraded shares of Hot Topic from a ?buy? rating to a ?neutral? rating in a research note to investors on Thursday. Finally, analysts at Telsey Advisory Group raised their price target on shares of Hot Topic from $13.00 to $14.00 in a research note to investors on Thursday. Four equities research analysts have rated the stock with a buy rating, and one has given a hold rating to the company. Hot Topic presently has a consensus rating of ?buy? and a consensus price target of $13.23.

Hot Topic, Inc. is a mall and Web-based specialty retailer operating the Hot Topic and Torrid concepts, as well as the e-space music concept, ShockHound.