hhgregg inc (HGG:New York)
hhgregg inc (HGG) Snapshot
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Open
$15.26
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Previous Close
$15.16
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Day High
$15.70
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Day Low
$15.26
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52 Week High
05/16/13 - $15.70
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52 Week Low
10/26/12 - $5.84
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Market Cap
514.5M
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Average Volume 10 Days
269.8K
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EPS TTM
$1.94
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Shares Outstanding
33.4M
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EX-Date
--
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P/E TM
7.9x
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Dividend
--
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Dividend Yield
--
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Related News
hhgregg inc (HGG) Related Businessweek News
No Related Businessweek News Foundhhgregg inc (HGG) Details
hhgregg, Inc., together with its subsidiaries, operates as a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses, and related services. The company offers video products, such as flat panel televisions, and Blu-ray and DVD players; appliances, including washers and dryers, refrigerators, cooking ranges, dishwashers, freezers, and air conditioners; computers, mobile phones, and tablets; and digital camcorders, digital cameras, gaming bundles, home theater receivers, mattresses, MP3 players, personal navigation products, speaker systems, and telephones. It also sells a suite of services, including third-party premium service plans, and third-party in-home service and repair of products, as well as delivery and installation, and in-home repair and maintenance. The company operates stores under the h.h.gregg and Fine Lines names. As of May 14, 2013, it operated 228 stores in Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia, and Wisconsin. The company is headquartered in Indianapolis, Indiana.
Last Reported Date: 05/23/12
hhgregg inc (HGG) Top Compensated Officers
hhgregg inc (HGG) Key Developments
hhgregg, Inc. announced that it will open a new store at the Dayton Mall in Ohio on May 16, 2013. The new store, located at 2700 Miamisburg Centerville Road in Dayton, will replace h.h.gregg's older location at 240 Springboro Pike State Road 741 in West Carrollton. The new 23,000 square foot Dayton Mall store will provide local residents with a modern, updated shopping experience, and the same knowledgeable sales staff they trust to help them make the best purchase decisions.
On March 4, 2013 the Boards of Directors of hhgregg, Inc. and Gregg Appliances, Inc. announced the appointment of Jeffery G. Haines as Chief Merchandising Officer. The company's merchandising departments will report to Mr. Haines. Mr. Haines will report directly to Dennis May, the company's CEO. Mr. Haines has over 30 years of retail experience, including merchandising and advertising.
Hhgregg, Inc. announced sales results for the third quarter and nine months ended December 31, 2012. The company reported that comparable store sales of appliances were up 6.1% in the third quarter ended Dec. 31, 2012 compared to the third quarter of previous year. Appliances comps were up 6.8% in the first nine months. While appliances were up, video products dragged results down. The company would continue to shift its focus away from video products and increasingly to appliances and other large consumer home products. Comparable store sales for the third quarter were down overall, however, due to a third-quarter decrease in Video products of 24.6% and a decrease in the retailer's other product segment of 15.2%. The other product segment is made up of accessories, audio, fitness equipment, furniture, mattresses, and personal electronics. The retailer's fourth product category, computing and mobile phones, saw comps increase 16.2% in the third quarter. For nine months, the company reported total net sales the nine months ended Dec. 31, 2012, of $1,877,127,000, down slightly from $1,879,603,000 in the nine months ended Dec. 31, 2011. The company reported total net income for the most recent nine-month period of $15.4 million, down from $27.7 million in the previous nine months.
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Industry Analysis
HGG
Industry Average
| Valuation | HGG | Industry Range |
| Price/Earnings | 7.8x |
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| Price/Sales | 0.2x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 4.7x |
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| TEV/Sales | 0.2x |
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