Jefferies Lowers Price Target on Body Central (BODY)
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Price: $12.86 --0%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 18
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 18
Trade BODY Now!
Jefferies analysts cut their price target on Body Central (NASDAQ: BODY) from $36 to $32, while maintaining their BUY rating.
Body Central is a mall-based specialty retailer that markets fast fashion merchandise at value prices to women primarily in their late teens and twenties Shares of BODY were near all-time highs prior to reporting earnings, but guidance did not deliver.
Jefferies analysts think BODY will trade down to 14x EPS, which is a meaningful discount to average multiples for growth retailers. Their $32 price target is based on 24x multiple of 2012 EPS and 10x EV/ EBITDA.
In a research note, an analyst said “We believe higher multiples are warranted due to business momentum.”
For an analyst ratings summary and ratings history on Body Central Corp. click here. For more ratings news on Body Central Corp. click here.
Shares of Body Central Corp. closed at $28.92 yesterday, with a 52 week range of $14.61-$30.93.
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Body Central is a mall-based specialty retailer that markets fast fashion merchandise at value prices to women primarily in their late teens and twenties Shares of BODY were near all-time highs prior to reporting earnings, but guidance did not deliver.
Jefferies analysts think BODY will trade down to 14x EPS, which is a meaningful discount to average multiples for growth retailers. Their $32 price target is based on 24x multiple of 2012 EPS and 10x EV/ EBITDA.
In a research note, an analyst said “We believe higher multiples are warranted due to business momentum.”
For an analyst ratings summary and ratings history on Body Central Corp. click here. For more ratings news on Body Central Corp. click here.
Shares of Body Central Corp. closed at $28.92 yesterday, with a 52 week range of $14.61-$30.93.
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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