Janney Says Don't Expect Rebound in Shares of bebe stores (BEBE)

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Analysts at Janney think bebe stores (NASDAQ: BEBE) shares are likely to trade range bound. This morning BEBE reported comparable store sales declined 8.7 percent versus Retail Metrics consensus for a decline of 5.2 percent.

"We believe this, coupled with higher inventory levels, will pressure margins moving forward if the company is not able to drive sales," said analyst Adrienne Tennant.

She thinks there will be sideways trading until there is a reacceleration towards positive sustainable comp trends.

"We note that value investors may find the limited downside due to the cash support attractive, but we do not foresee identifiable positive catalysts on the horizon. We continue to believe that sales trends will continue to be pressured in the near term by the macro environment and tough competitive landscape," added Tennant.

Janney Montgomery Scott has a Neutral rating on bebe stores, inc. (NASDAQ: BEBE)

For an analyst ratings summary and ratings history on bebe stores, inc. click here. For more ratings news on bebe stores, inc. click here.

Shares of bebe stores, inc. closed at $4.67 yesterday, with a 52 week range of $4.64-$9.58.

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