Wedbush Starts Teavana Holdings (TEA) at Neutral; Focus on Store-Only Comps Limits Upside in 2012
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Price: $15.50 --0%
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on Teavana Holdings (NYSE: TEA) with a Neutral. PT $21.00.
Analyst, Nick Setyan, said, "Much of the debate has centered on what Teavana’s opportunity is, beyond 500 stores in 2015 (from 200 currently), and an examination of the many hypothetical opportunities, both unit growth and other (CPG, licensing, international, etc.) have been exhausted. While we believe Canada adds upside to the 500 unit target, particularly given the pending Teaopia acquisition, we believe a footprint beyond 500 units in the U.S. would not support current economics given the ceiling on locations that can support the company’s sales productivity."
For an analyst ratings summary and ratings history on Teavana Holdings click here. For more ratings news on Teavana Holdings click here.
Shares of Teavana Holdings closed at $20.77 yesterday.
Analyst, Nick Setyan, said, "Much of the debate has centered on what Teavana’s opportunity is, beyond 500 stores in 2015 (from 200 currently), and an examination of the many hypothetical opportunities, both unit growth and other (CPG, licensing, international, etc.) have been exhausted. While we believe Canada adds upside to the 500 unit target, particularly given the pending Teaopia acquisition, we believe a footprint beyond 500 units in the U.S. would not support current economics given the ceiling on locations that can support the company’s sales productivity."
For an analyst ratings summary and ratings history on Teavana Holdings click here. For more ratings news on Teavana Holdings click here.
Shares of Teavana Holdings closed at $20.77 yesterday.
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