Brilliant Earth Group (NASDAQ:BRLT – Get Rating) had its target price boosted by JPMorgan Chase & Co. from $8.00 to $11.00 in a research report released on Friday, The Fly reports.
Several other research analysts have also commented on the stock. Credit Suisse Group lowered their price objective on shares of Brilliant Earth Group from $13.00 to $10.00 and set an outperform rating for the company in a research note on Friday, August 12th. Piper Sandler lowered shares of Brilliant Earth Group from an overweight rating to a neutral rating in a research note on Friday, July 22nd. KeyCorp raised their price objective on shares of Brilliant Earth Group from $8.00 to $10.00 and gave the company an overweight rating in a research note on Friday, August 12th. Finally, Raymond James assumed coverage on shares of Brilliant Earth Group in a research note on Wednesday, June 29th. They issued an outperform rating and a $10.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Brilliant Earth Group has an average rating of Moderate Buy and a consensus price target of $13.56.
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Brilliant Earth Group Price Performance
Shares of BRLT opened at $6.86 on Friday. Brilliant Earth Group has a 1-year low of $3.60 and a 1-year high of $20.39. The stock has a market cap of $654.14 million and a PE ratio of 42.88. The firm has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $6.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.69 and a quick ratio of 2.21.
Brilliant Earth Group (NASDAQ:BRLT – Get Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Brilliant Earth Group had a net
margin of 2.87% and a return on equity of 29.12%. As a group, analysts forecast that Brilliant Earth Group will post 0.17 EPS for the current year.
Institutional Trading of Brilliant Earth Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its holdings in shares of Brilliant Earth Group by 13.2% in the 2nd quarter. Brown Advisory Inc. now owns 12,392 shares of the company's stock valued at $224,000 after acquiring an additional 1,443 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Brilliant Earth Group in the 4th quarter valued at $53,000. Acadian Asset Management LLC acquired a new position in shares of Brilliant Earth Group in the 1st quarter valued at $38,000. BlackRock Inc. increased its holdings in shares of Brilliant Earth Group by 3.8% in the 1st quarter. BlackRock Inc. now owns 105,913 shares of the company's stock valued at $1,090,000 after acquiring an additional 3,883 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Brilliant Earth Group by 4,234.1% in the 1st quarter. Bank of America Corp DE now owns 9,145 shares of the company's stock valued at $94,000 after acquiring an additional 8,934 shares during the period. Institutional investors and hedge funds own 6.26% of the company's stock.
Brilliant Earth Group Company Profile
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Brilliant Earth Group, Inc engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.
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