Barclays Q2 Review on Saks Inc. (SKS); Ahhh...It's Still Early Folks
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Price: $15.49 -0.06%
Rating Summary:
1 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
1 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade SKS Now!
Barclays maintains an 'Equalweight' on Saks Inc. (NYSE: SKS) price target of $12.00.
Analyst, Robert S. Drbul, said, "Despite the upside to the quarter, we are maintaining our view on earnings growth in 2012 given the uncertain macro environment combined with our expectation of limited operating margin expansion in the near term. Saks is still in the early stages of its multi-channel initiatives, which we expect to drive potential benefits over time as systems are implemented methodically through 2016. We are maintaining our 2012 and 2013 EPS estimates of $0.40 and $0.55, respectively."
For an analyst ratings summary and ratings history on Saks Inc. click here. For more ratings news on Saks Inc. click here.
Shares of Saks Inc. closed at $11.52 yesterday, with a 52 week range of $7.67-$12.14.
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Analyst, Robert S. Drbul, said, "Despite the upside to the quarter, we are maintaining our view on earnings growth in 2012 given the uncertain macro environment combined with our expectation of limited operating margin expansion in the near term. Saks is still in the early stages of its multi-channel initiatives, which we expect to drive potential benefits over time as systems are implemented methodically through 2016. We are maintaining our 2012 and 2013 EPS estimates of $0.40 and $0.55, respectively."
For an analyst ratings summary and ratings history on Saks Inc. click here. For more ratings news on Saks Inc. click here.
Shares of Saks Inc. closed at $11.52 yesterday, with a 52 week range of $7.67-$12.14.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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