Last $4.35 USD
Change Today -0.01 / -0.23%
Volume 68.2K
GMAN On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

gordmans stores inc (GMAN) Snapshot

Open
$4.36
Previous Close
$4.36
Day High
$4.39
Day Low
$4.33
52 Week High
09/24/13 - $11.66
52 Week Low
04/16/14 - $4.31
Market Cap
84.4M
Average Volume 10 Days
95.8K
EPS TTM
$0.42
Shares Outstanding
19.4M
EX-Date
09/24/13
P/E TM
10.4x
Dividend
--
Dividend Yield
82.76%
Current Stock Chart for GORDMANS STORES INC (GMAN)

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gordmans stores inc (GMAN) Details

Gordmans Stores, Inc. operates department stores under the Gordmans name in the United States. Its merchandise selection includes a range of apparel, footwear, and home fashions products, as well as accessories. The company’s stores offer apparels, including young men’s, men’s, juniors’, women’s, team, plus sizes, maternity, and children’s clothing, such as offerings for infants, toddlers, boys, and girls; and accessories consisting of designer fragrances, intimate apparel, handbags, sunglasses, fashion jewelry, leg wear, and sleepwear. Its stores also provide home fashion products comprising wall art, photo frames, accent furniture, accent lighting, candles, ceramics, vases, seasonal décor, floral and garden, gourmet food and candy, toys, luggage, pet accessories, house wares, decorative pillows, fashion rugs, and bedding and bath products. As of March 25, 2014, the company operated 95 stores in 20 states. Gordmans Stores, Inc. was founded in 1915 and is headquartered in Omaha, Nebraska.

1,500 Employees
Last Reported Date: 04/3/14
Founded in 1915

gordmans stores inc (GMAN) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $235.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $303.0K
Senior Vice President of Stores
Total Annual Compensation: $250.0K
Chief Merchandising Officer and Executive Vic...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2012.

gordmans stores inc (GMAN) Key Developments

Gordmans Stores, Inc. to Open New Store in Muskegon, Michigan

Gordmans Stores, Inc. has announced the opening of a new store in Muskegon, Michigan. The 54,000-square-foot Gordmans will open at Lakeshore Marketplace, 5159 Harvey Street in Norton Shores. Including the new Muskegon location, the company will open seven stores in 2014 totaling approximately 400,000 square feet in new and existing markets.

Gordmans Stores, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 1, 2014; Provides Earnings Guidance for the First Quarter Ending May 3, 2014

Gordmans Stores, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended February 1, 2014. For the quarter, the company reported net sales of $200.0 million compared to net sales of $202.5 million for the fourteen weeks ended February 2, 2013. On a comparable 13-week basis, net sales increased 2.0%. On a comparable calendar basis, comparable store sales declined by 7.4%. By merchandise category, Apparel generated the best comparable sales performance, followed by Home, then Accessories. Net income was $2.7 million or $0.14 per diluted share compared to net income of $7.9 million or $0.41 per diluted share, in the fourth quarter of fiscal 2012. Income from operations was $5,377,000 against $12,821,000 a year ago. Income before taxes was $4,025,000 against $12,706,000 a year ago. For the full year, the company's net sales increased 2.0% to $619.6 million compared to net sales of $607.7 million for the fifty-three week period ended February 2, 2013. On a comparable 52-week basis, net sales increased 3.0%. On a comparable calendar basis, comparable store sales declined by 7.0%. Net income was $8.0 million, or $0.41 per diluted share compared to net income of $23.5 million or $1.21 per diluted share in fiscal year 2012. Income from operations was $14,793,000 against $38,131,000 a year ago. Income before taxes was $12,311,000 against $37,650,000 a year ago. For the first quarter ending May 3, 2014, the company currently expects net sales to be between $142 and $144 million, which reflects a low-single digit comparable store sales decrease compared to the thirteen weeks ended May 4, 2013. The company expects gross profit margins be comparable to the first quarter of fiscal 2013. The company projects diluted earnings per share in the range of $0.00 to $0.02 (using a weighted average diluted share count of approximately 19.5 million), which includes the impact of interest expense associated with the term loan used to fund the special cash dividend of approximately $0.03 in earnings per share.

Gordmans Stores, Inc. Plans to Open Seven New Stores in 2014; to Close Two to Three Existing Stores

Gordmans Stores, Inc. plans to open seven new stores in 2014 and will close two to three existing stores. Three new stores opened in late March, three are scheduled to open at the end of the second quarter, and one toward the end of the third quarter. The company is expanding into five new markets and two new states with locations in Schererville, IL; Muskegon, MI; Grand Rapids, MI; Saginaw, MI and Tyler, TX, as well as the existing markets of Boise and St. Louis. At the end of 2014, the company will have increased its number of stores by 43% since the end of 2010, expanding from 68 to 97 stores. The company closed one store upon the end of its lease term earlier the month of March 2014, and will close an additional store in the second quarter.

 

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Valuation GMAN Industry Range
Price/Earnings 10.5x
Price/Sales 0.1x
Price/Book 2.0x
Price/Cash Flow 10.6x
TEV/Sales 0.0x
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