Nomura Securities Maintains a 'Neutral' on Wet Seal, Inc. (WTSLA); Q4 Review
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Price: $2.95 -2.64%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Wet Seal, Inc. (NASDAQ: WTSLA) price target of $4.00.
Analyst, Paul Lejuez, said, "Following a 5% comp decrease in 4Q and a 6% decrease in Feb, Mar trends are showing no signs of improvement (the company guided 1Q comps to down mid to high single digits). The Wet Seal division is working to improve its inventory of fashion tops, but it will take time for this to occur. In the meantime, the rest of the highly competitive teen sector will likely take some share. We are reducing our F12E from $0.16 to $0.15 (vs. cons $0.21), and are introducing our F13E of $0.16. The stock trades at just 3.6x our F12E EBITDA, a discount vs. the softlines group at ~6.5x."
For an analyst ratings summary and ratings history on Wet Seal, Inc. click here. For more ratings news on Wet Seal, Inc. click here.
Shares of Wet Seal, Inc. closed at $3.55 yesterday.
Analyst, Paul Lejuez, said, "Following a 5% comp decrease in 4Q and a 6% decrease in Feb, Mar trends are showing no signs of improvement (the company guided 1Q comps to down mid to high single digits). The Wet Seal division is working to improve its inventory of fashion tops, but it will take time for this to occur. In the meantime, the rest of the highly competitive teen sector will likely take some share. We are reducing our F12E from $0.16 to $0.15 (vs. cons $0.21), and are introducing our F13E of $0.16. The stock trades at just 3.6x our F12E EBITDA, a discount vs. the softlines group at ~6.5x."
For an analyst ratings summary and ratings history on Wet Seal, Inc. click here. For more ratings news on Wet Seal, Inc. click here.
Shares of Wet Seal, Inc. closed at $3.55 yesterday.
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