FBR Capital Starts rue21, inc. (RUE) at Market Perform; Growing Up Too Fast
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Price: $41.72 -0.24%
Rating Summary:
1 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
1 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Trade RUE Now!
FBR Capital initiates coverage on rue21, inc. (NASDAQ: RUE) with a Market Perform. PT $26.
FBR analyst says, "We believe that rue21’s store expansion model appeals to growth investors, as it allows for a five-year EPS growth rate of 15%–20%. Yet, we are concerned that the stores do not comp strongly, as we believe that comp-store sales are a core measure of the health of a retailer. Additionally, we believe that comps may be overstated due to the company’s practice of keeping expanded stores in the comp base." (FBR 2011-12 EPS estimates are $1.44 and $1.72)
For more ratings news on rue21, inc. click here and for the rating history of rue21, inc. click here.
Shares of rue21, inc. closed at $28.92 yesterday, with a 52 week range of $20.28-$36.57.
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FBR analyst says, "We believe that rue21’s store expansion model appeals to growth investors, as it allows for a five-year EPS growth rate of 15%–20%. Yet, we are concerned that the stores do not comp strongly, as we believe that comp-store sales are a core measure of the health of a retailer. Additionally, we believe that comps may be overstated due to the company’s practice of keeping expanded stores in the comp base." (FBR 2011-12 EPS estimates are $1.44 and $1.72)
For more ratings news on rue21, inc. click here and for the rating history of rue21, inc. click here.
Shares of rue21, inc. closed at $28.92 yesterday, with a 52 week range of $20.28-$36.57.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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