FBR Capital Maintains a 'Market Perform' on rue21, inc. (RUE); Expect Short Squeeze on Solid 1Q Beat
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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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FBR Capital maintains a 'Market Perform' on rue21, inc. (NASDAQ: RUE), raises PT to $32.
FBR analyst says, "We believe that rue21’s store expansion model appeals to growth investors, as it allows for a fiveyear 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. While we have longer-term concerns, in the near term, we believe the stock will move higher on strong 1Q results."
"We are revising our 2Q11 EPS estimate from $0.31 to $0.30. We also revised our CY11 EPS estimate to $1.52 from $1.44. Finally, we are revising our CY12 EPS estimate to $1.79 from $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 $28.60 yesterday.
FBR analyst says, "We believe that rue21’s store expansion model appeals to growth investors, as it allows for a fiveyear 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. While we have longer-term concerns, in the near term, we believe the stock will move higher on strong 1Q results."
"We are revising our 2Q11 EPS estimate from $0.31 to $0.30. We also revised our CY11 EPS estimate to $1.52 from $1.44. Finally, we are revising our CY12 EPS estimate to $1.79 from $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 $28.60 yesterday.
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