Wedbush Downgrades bebe stores, inc. (BEBE) to Neutral; Potential Comp and EPS Miss
Tweet Send to a FriendGet Alerts BEBE Hot Sheet
Price: $5.41 --0%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 8 | New: 6
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 8 | New: 6
Trade BEBE Now!
Wedbush downgraded bebe stores, inc. (NASDAQ: BEBE) from Outperform to Neutral with a price target of $6.00 (from $10.00).
Analyst, Betty Chen, said, Downgrading on (1) checks suggesting decelerating traffic as Q4 (June-end) progressed, (2) lean inventory that could constrain comps, (3) looming tougher compares, and (4) peak-ish merchandise margins. While the product designs have generally been trend-right, our Retail Specialists note that management has employed deeper discounts to drive incremental traffic which may hamper AUR (average unit retail) and consensus expectation for gross margins."
Lowers FY12 EPS estimate from $0.15 to $0.14 and FY13 from $0.25 to $0.17.
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 $6.02 yesterday, with a 52 week range of $5.35-$9.58.
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
Analyst, Betty Chen, said, Downgrading on (1) checks suggesting decelerating traffic as Q4 (June-end) progressed, (2) lean inventory that could constrain comps, (3) looming tougher compares, and (4) peak-ish merchandise margins. While the product designs have generally been trend-right, our Retail Specialists note that management has employed deeper discounts to drive incremental traffic which may hamper AUR (average unit retail) and consensus expectation for gross margins."
Lowers FY12 EPS estimate from $0.15 to $0.14 and FY13 from $0.25 to $0.17.
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 $6.02 yesterday, with a 52 week range of $5.35-$9.58.
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
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
- Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, Downgrades
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
