Janney Montgomery Scott Raises Estimates & PT on Hot Topic (HOTT); Small-Cap Turnaround Play with Ongoing Product Improvement
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Price: $14.00 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade HOTT Now!
Janney Montgomery Scott reiterates a 'Buy' on Hot Topic (NASDAQ: HOTT) price target raised $1 to $12.
Analyst, Adrienne Tennant, said, "HOTT reported a 1Q12 comp of +7.5% versus Retail Metrics consensus of +4.4%; comps by division for Hot Topic and Torrid were +9.5% and +2.5%, respectively. We had been looking for a +6% comp for 1Q12 with expected upside. We believe roughly half of the +9.5% comp was due to strengthening core business, particularly in the fashion apparel categories, and that Hunger Games was roughly half of the comp improvement."
JMS raises Q1 EPS from $0.05 to $0.08, FY12 from $0.36 to $0.38 and FY13 from $0.42 to $0.46.
For an analyst ratings summary and ratings history on Hot Topic click here. For more ratings news on Hot Topic click here.
Shares of Hot Topic closed at $10.48 yesterday, with a 52 week range of $6.05-$10.73.
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Analyst, Adrienne Tennant, said, "HOTT reported a 1Q12 comp of +7.5% versus Retail Metrics consensus of +4.4%; comps by division for Hot Topic and Torrid were +9.5% and +2.5%, respectively. We had been looking for a +6% comp for 1Q12 with expected upside. We believe roughly half of the +9.5% comp was due to strengthening core business, particularly in the fashion apparel categories, and that Hunger Games was roughly half of the comp improvement."
JMS raises Q1 EPS from $0.05 to $0.08, FY12 from $0.36 to $0.38 and FY13 from $0.42 to $0.46.
For an analyst ratings summary and ratings history on Hot Topic click here. For more ratings news on Hot Topic click here.
Shares of Hot Topic closed at $10.48 yesterday, with a 52 week range of $6.05-$10.73.
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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