Nomura Securities Maintains a 'Neutral' on rue21, inc. (RUE); Big Picture – Good Start to 2012
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Price: $41.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Nomura Securities maintains a 'Neutral' on rue21, inc. (NASDAQ: RUE) price target of $30.00.
Analyst, Paul Lejuez, said, "After comp trends decelerated at the end of Jan, business in Feb has rebounded, with positive comps for the month. It remains a question whether the company can maintain this comp performance through F12, as assumed in guidance. The company has been balancing the gross margin vs. comp trade-off in favor of margins, driving upside to EPS, though comps have disappointed over the past few qtrs. Our F12E of $1.77 is unchanged (in line with Street). We are introducing our F13E of $1.96 (vs. Street at $2.03). Until comp trends become more consistent, we do not see a near-term catalyst for the stock...We are introducing our F13E of $1.96."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $28.74 yesterday.
Analyst, Paul Lejuez, said, "After comp trends decelerated at the end of Jan, business in Feb has rebounded, with positive comps for the month. It remains a question whether the company can maintain this comp performance through F12, as assumed in guidance. The company has been balancing the gross margin vs. comp trade-off in favor of margins, driving upside to EPS, though comps have disappointed over the past few qtrs. Our F12E of $1.77 is unchanged (in line with Street). We are introducing our F13E of $1.96 (vs. Street at $2.03). Until comp trends become more consistent, we do not see a near-term catalyst for the stock...We are introducing our F13E of $1.96."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $28.74 yesterday.
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