Tfs Capital buys $2,554,861 stake in RetailMeNot Inc (SALE)

RetailMeNot Inc (SALE) : Tfs Capital scooped up 126,541 additional shares in RetailMeNot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 223,132 shares of RetailMeNot Inc which is valued at $2,554,861.RetailMeNot Inc makes up approximately 0.44% of Tfs Capital’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board sold out all of its stake in SALE during the most recent quarter. The investment firm sold 7,100 shares of SALE which is valued $81,295.Ajo Lp boosted its stake in SALE in the latest quarter, The investment management firm added 374,933 additional shares and now holds a total of 703,737 shares of RetailMeNot Inc which is valued at $7,375,164. RetailMeNot Inc makes up approx 0.03% of Ajo Lp’s portfolio.Secor Capital Advisors Lp boosted its stake in SALE in the latest quarter, The investment management firm added 64,446 additional shares and now holds a total of 74,525 shares of RetailMeNot Inc which is valued at $833,190. RetailMeNot Inc makes up approx 0.12% of Secor Capital Advisors Lp’s portfolio. New York State Teachers Retirement System sold out all of its stake in SALE during the most recent quarter. The investment firm sold 1,400 shares of SALE which is valued $11,494.

RetailMeNot Inc opened for trading at $11.51 and hit $11.95 on the upside on Tuesday, eventually ending the session at $11.67, with a gain of 1.39% or 0.16 points. The heightened volatility saw the trading volume jump to 2,85,769 shares. Company has a market cap of $568 M.

On the company’s financial health, RetailMeNot Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.04. The company had revenue of $64.20 million for the quarter, compared to analysts expectations of $62.89 million. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on RetailMeNot Inc. Dougherty & Company Initiated RetailMeNot Inc on Aug 25, 2016 to “Buy”, Price Target of the shares are set at $15.Company shares were Reiterated by Wedbush on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 10 from a previous price target of $7 .

RetailMeNot Inc. operates digital coupon marketplace connecting consumers with retailers and brands. As of 2014 The Company had contracts with more than 10000 retailers or paid retailers. The Company owns and operates digital offer marketplaces in the United States (RetailMeNot.com) and the United Kingdom (VoucherCodes.co.uk) and a portfolio of digital offer websites in France (Bons-de-Reduction.com Poulpeo.com and Ma-Reduc.com). The company’s websites mobile applications email newsletters and alerts and social media presence enable consumers to search for discover and redeem relevant digital offers from retailers and brands. Its marketplace features digital offers across product categories including clothing; electronics; health and beauty; home and office; travel food and entertainment; personal and business services and shoes. It aggregate digital offers from retailers performance marketing networks user community employees and outsourced providers.

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