Nomura Securities Maintains a 'Neutral' on Talbots (TLB); Q4 Review
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Price: $2.76 --0%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Nomura Securities maintains a 'Neutral' on Talbots (NYSE: TLB) price target of $3.00.
Analyst, Paul Lejuez, said, "4Q EPS of ($0.52), excl charges, was above our est of ($0.60) and consensus of ($0.54). Although sales improved toward the end of the 4Q (though in response to promotions), trends have weakened significantly 1Q-to-date. Comps are currently running down 5.4% - particularly disappointing considering that the majority of softlines retailers had good performance in Feb/Mar. While leaner inventory is in part to blame, it is not a good start to F12. With little progress improving the business, we do not see a positive catalyst unless a buyer is found. We are raising our F12E from ($0.44) to ($0.40) on slightly better margins."
For an analyst ratings summary and ratings history on Talbots click here. For more ratings news on Talbots click here.
Shares of Talbots closed at $2.86 yesterday.
Analyst, Paul Lejuez, said, "4Q EPS of ($0.52), excl charges, was above our est of ($0.60) and consensus of ($0.54). Although sales improved toward the end of the 4Q (though in response to promotions), trends have weakened significantly 1Q-to-date. Comps are currently running down 5.4% - particularly disappointing considering that the majority of softlines retailers had good performance in Feb/Mar. While leaner inventory is in part to blame, it is not a good start to F12. With little progress improving the business, we do not see a positive catalyst unless a buyer is found. We are raising our F12E from ($0.44) to ($0.40) on slightly better margins."
For an analyst ratings summary and ratings history on Talbots click here. For more ratings news on Talbots click here.
Shares of Talbots closed at $2.86 yesterday.
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