A number of companies have changed their ratings and price targets for shares of envelope (NYSEAMERICAN: ELA) recently:
- 4/21/2022 – Envela has been upgraded from a “sell” rating to a “hold” rating by analysts at Zacks Investment Research. According to Zacks, “DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and precious metals bullion products to domestic and international customers through traditional and Internet channels. Silverman Consultants, Inc., a wholly owned subsidiary, is one of the oldest and largest jewelry liquidation firms in the United States. In addition to its retail facilities, the Company operates live Internet auctions which can be accessed at www.FirstJewelryAuctions.com and www.dgse.com. “
- 04/14/2022 – Envela has been downgraded from a “hold” rating to a “sell” rating by analysts at Zacks Investment Research. According to Zacks, “DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and precious metals bullion products to domestic and international customers through traditional and Internet channels. Silverman Consultants, Inc., a wholly owned subsidiary, is one of the oldest and largest jewelry liquidation firms in the United States. In addition to its retail facilities, the Company operates live Internet auctions which can be accessed at www.FirstJewelryAuctions.com and www.dgse.com. “
- 4/7/2022 – Envela has been downgraded from a “hold” rating to a “sell” rating by analysts at Zacks Investment Research. According to Zacks, “DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and precious metals bullion products to domestic and international customers through traditional and Internet channels. Silverman Consultants, Inc., a wholly owned subsidiary, is one of the oldest and largest jewelry liquidation firms in the United States. In addition to its retail facilities, the Company operates live Internet auctions which can be accessed at www.FirstJewelryAuctions.com and www.dgse.com. “
- 4/1/2022 – Envela has been upgraded from a “sell” rating to a “hold” rating by analysts at Zacks Investment Research. According to Zacks, “DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and precious metals bullion products to domestic and international customers through traditional and Internet channels. Silverman Consultants, Inc., a wholly owned subsidiary, is one of the oldest and largest jewelry liquidation firms in the United States. In addition to its retail facilities, the Company operates live Internet auctions which can be accessed at www.FirstJewelryAuctions.com and www.dgse.com. “
- 03/18/2022 – Envela has been downgraded from a “hold” rating to a “sell” rating by analysts at Zacks Investment Research. According to Zacks, “DGSE Companies, Inc. wholesales and retails jewelry, diamonds, fine watches and precious metals bullion products to domestic and international customers through traditional and Internet channels. Silverman Consultants, Inc., a wholly owned subsidiary, is one of the oldest and largest jewelry liquidation firms in the United States. In addition to its retail facilities, the Company operates live Internet auctions which can be accessed at www.FirstJewelryAuctions.com and www.dgse.com. “
Shares of ELA fell $0.29 during trading hours on Friday to hit $5.00. 100 shares of the company were traded, compared to an average volume of 30,679. Envela Co. has a 52-week low of $3.51 and a 52-week high of $5.92. The company has a market cap of $134.63 million, a P/E of 13.51 and a beta of 0.23. The company has a quick ratio of 2.07, a current ratio of 3.51 and a debt to equity ratio of 0.58.
Envela (NYSEAMERICAN:ELA – Get Rating) last posted its earnings results on Wednesday, March 16th. The company reported earnings per share of $0.10 for the quarter, matching the Thomson Reuters consensus estimate of $0.10. The company had revenue of $44.07 million for the quarter, compared to the consensus estimate of $44.44 million. Envela had a return on equity of 42.82% and a net margin of 7.12%. As a group, equity analysts expect Envela Co. to post 0.42 EPS for the current fiscal year.
In other news, Director Richard D. Schepp bought 15,000 shares of the company’s stock in a transaction on Monday, March 21st. The stock was purchased at an average price of $4.39 per share for a total transaction of $65,850.00. The purchase was disclosed in a document filed with the SEC, available at this link. Over the past 90 days, insiders have purchased 16,731 shares of the company’s stock valued at $73,379. 71.98% of the shares are owned by insiders.
Institutional investors have recently changed their positions in the company. Morgan Stanley increased its stake in Envela by 35,742.9% in the second quarter. Morgan Stanley now owns 15,054 shares of the company’s stock, valued at $72,000, after buying another 15,012 shares last quarter. BlackRock Inc. increased its stake in Envela by 614.5% in the third quarter. BlackRock Inc. now owns 18,777 shares of the company’s stock valued at $78,000 after purchasing an additional 16,149 shares last quarter. The Royal Bank of Canada increased its stake in Envela by 1,836.5% during the second quarter. The Royal Bank of Canada now owns 16,770 shares of the company, valued at $80,000, after buying another 15,904 shares last quarter. Adamsbrown Wealth Consultants LLC acquired a new interest in shares of Envela valued at $130,000 during the fourth quarter. Finally, Millennium Management LLC bought a new stake in Envela’s stock valued at $265,000 during the second quarter. 6.22% of the shares are currently owned by hedge funds and other institutional investors.
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and precious metals products to consumers, dealers, Fortune 500 companies, municipalities, school districts and other organizations throughout the United States. It offers jewelry and fine watch products, including bridal jewelry, fashion jewelry, custom jewelry, diamonds and other precious stones, as well as timepieces and jewelry components.
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