Barclays Maintains an 'Equalweight' on rue21, inc. (RUE); 3Q FY11 Earnings Review
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Price: $34.12 --0%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade RUE Now!
Barclays maintains an 'Equalweight' on rue21, inc. (NASDAQ: RUE) price target lowered from $25 to $23.
Barclays analyst says, "In our view, the impressive point on the RUE quarter is that the company was able to deliver 5% operating income growth on flat comps. But comps do matter because they are a measure of the underlying health of the business. The comps disappointed for the second quarter in a row, despite being reiterated at the Goldman conference, and we don't think RUE delivered enough to meet investor expectations this quarter...We remain cautious regarding the low-income customer in small markets in this
economy, we don't underestimate discount store competition, and we think the secular trends in the direct market will make the web a larger competitive factor over time."
"We are maintaining our 4Q EPS estimate of $0.49, raising FY11 to
$1.53 from $1.51, and maintaining FY12 at $1.75."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $24.04 yesterday, with a 52 week range of $21.30-$37.33.
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Barclays analyst says, "In our view, the impressive point on the RUE quarter is that the company was able to deliver 5% operating income growth on flat comps. But comps do matter because they are a measure of the underlying health of the business. The comps disappointed for the second quarter in a row, despite being reiterated at the Goldman conference, and we don't think RUE delivered enough to meet investor expectations this quarter...We remain cautious regarding the low-income customer in small markets in this
economy, we don't underestimate discount store competition, and we think the secular trends in the direct market will make the web a larger competitive factor over time."
"We are maintaining our 4Q EPS estimate of $0.49, raising FY11 to
$1.53 from $1.51, and maintaining FY12 at $1.75."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $24.04 yesterday, with a 52 week range of $21.30-$37.33.
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