Barclays Maintains an 'Equalweight' on rue21, inc. (RUE); Q1 Review

Barclays maintains an 'Equalweight' on rue21, inc. (NASDAQ: RUE), PT $32.

Barclays analyst says, "RUE reported 1Q FY11 EPS of $0.38, $0.08 above our $0.30 estimate, and above consensus at $0.29 and guidance of $0.27 to $0.29. The $0.08 beat was above the operating line due to higher gross margin. Management provided guidance for 2Q of $0.30 to $0.32 and raised FY11 to $1.50 to $1.54 from $1.40 to $1.44. We are maintaining our 2Q EPS estimate of $0.31, raising FY11 to $1.51 from $1.43 and FY12 to $1.75 from $1.70."

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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