Nomura Securities Maintains a 'Buy' on rue21, inc. (RUE); Preview of 1Q Results
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Price: $41.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on rue21, inc. (NASDAQ: RUE).
Nomura analyst, Paul Lejuez, said, "Expect RUE to report EPS of $0.31, a slight beat vs. mgmt guidance of $0.27-$0.29 and vs. cons of $0.30. We model operating margin +40bp based on sales +23%, comps +4%, GM +30bp and SG&A leverage of 20bp, offset slightly by D&A up 10bp. In addition, we are expecting 2Q guidance above consensus, helped by easier comparisons. A strong quarter/guidance will help demonstrate that RUE is different than the other teen retailers, and with 30% of shares short, a strong report could be a positive catalyst. Longer term, RUE’s double digit sq ft growth also sets it apart from its primary competitors."
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 $28.38 yesterday.
Nomura analyst, Paul Lejuez, said, "Expect RUE to report EPS of $0.31, a slight beat vs. mgmt guidance of $0.27-$0.29 and vs. cons of $0.30. We model operating margin +40bp based on sales +23%, comps +4%, GM +30bp and SG&A leverage of 20bp, offset slightly by D&A up 10bp. In addition, we are expecting 2Q guidance above consensus, helped by easier comparisons. A strong quarter/guidance will help demonstrate that RUE is different than the other teen retailers, and with 30% of shares short, a strong report could be a positive catalyst. Longer term, RUE’s double digit sq ft growth also sets it apart from its primary competitors."
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 $28.38 yesterday.
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