Goldman Sachs Maintains a 'Neutral' on Teavana Holdings (TEA); Cutting Numbers on Mounting Concerns
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Price: $15.50 --0%
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade TEA Now!
Goldman Sachs maintains a 'Neutral' on Teavana Holdings (NYSE: TEA) price target of $12.00 (from $14.00).
Analyst, Michael Kelter, said, "We retain our Neutral rating on TEA shares: (1) Store level SSS remain depressed, hovering around 0% year to date after averaging 7% over the prior eight years. (2) Profitability trends continue to come in below expectations. (3) Given these factors, along with tepid new unit productivity trends, we see the potential for both revenue growth and EPS growth to dip below 20% sooner than previously anticipated, which may result in further multiple contraction...We lower our 2012-2014 EPS estimates to $0.57/$0.68/$0.78 from $0.58/$0.73/$0.85."
For an analyst ratings summary and ratings history on Teavana Holdings click here. For more ratings news on Teavana Holdings click here.
Shares of Teavana Holdings closed at $11.67 yesterday, with a 52 week range of $10.75-$26.03.
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Analyst, Michael Kelter, said, "We retain our Neutral rating on TEA shares: (1) Store level SSS remain depressed, hovering around 0% year to date after averaging 7% over the prior eight years. (2) Profitability trends continue to come in below expectations. (3) Given these factors, along with tepid new unit productivity trends, we see the potential for both revenue growth and EPS growth to dip below 20% sooner than previously anticipated, which may result in further multiple contraction...We lower our 2012-2014 EPS estimates to $0.57/$0.68/$0.78 from $0.58/$0.73/$0.85."
For an analyst ratings summary and ratings history on Teavana Holdings click here. For more ratings news on Teavana Holdings click here.
Shares of Teavana Holdings closed at $11.67 yesterday, with a 52 week range of $10.75-$26.03.
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