Janney Montgomery Scott Raises Estimates & PT on Hot Topic (HOTT); Small-Cap Turnaround Play with Ongoing Product Improvement
Tweet
Share
E-mailGet Alerts HOTT Hot Sheet
Price: $14.00 --0%
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
Join SI Premium – FREE
Janney Montgomery Scott reiterates a 'Buy' on Hot Topic (NASDAQ: HOTT) price target raised $1 to $12.
Analyst, Adrienne Tennant, said, "HOTT reported a 1Q12 comp of +7.5% versus Retail Metrics consensus of +4.4%; comps by division for Hot Topic and Torrid were +9.5% and +2.5%, respectively. We had been looking for a +6% comp for 1Q12 with expected upside. We believe roughly half of the +9.5% comp was due to strengthening core business, particularly in the fashion apparel categories, and that Hunger Games was roughly half of the comp improvement."
JMS raises Q1 EPS from $0.05 to $0.08, FY12 from $0.36 to $0.38 and FY13 from $0.42 to $0.46.
For an analyst ratings summary and ratings history on Hot Topic click here. For more ratings news on Hot Topic click here.
Shares of Hot Topic closed at $10.48 yesterday.
Analyst, Adrienne Tennant, said, "HOTT reported a 1Q12 comp of +7.5% versus Retail Metrics consensus of +4.4%; comps by division for Hot Topic and Torrid were +9.5% and +2.5%, respectively. We had been looking for a +6% comp for 1Q12 with expected upside. We believe roughly half of the +9.5% comp was due to strengthening core business, particularly in the fashion apparel categories, and that Hunger Games was roughly half of the comp improvement."
JMS raises Q1 EPS from $0.05 to $0.08, FY12 from $0.36 to $0.38 and FY13 from $0.42 to $0.46.
For an analyst ratings summary and ratings history on Hot Topic click here. For more ratings news on Hot Topic click here.
Shares of Hot Topic closed at $10.48 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Janney Montgomery ScottSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
