Wedbush Downgrades bebe stores, inc. (BEBE) to Neutral; Potential Comp and EPS Miss
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Price: $0.70 --0%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush downgraded bebe stores, inc. (NASDAQ: BEBE) from Outperform to Neutral with a price target of $6.00 (from $10.00).
Analyst, Betty Chen, said, Downgrading on (1) checks suggesting decelerating traffic as Q4 (June-end) progressed, (2) lean inventory that could constrain comps, (3) looming tougher compares, and (4) peak-ish merchandise margins. While the product designs have generally been trend-right, our Retail Specialists note that management has employed deeper discounts to drive incremental traffic which may hamper AUR (average unit retail) and consensus expectation for gross margins."
Lowers FY12 EPS estimate from $0.15 to $0.14 and FY13 from $0.25 to $0.17.
For an analyst ratings summary and ratings history on bebe stores, inc. click here. For more ratings news on bebe stores, inc. click here.
Shares of bebe stores, inc. closed at $6.02 yesterday.
Analyst, Betty Chen, said, Downgrading on (1) checks suggesting decelerating traffic as Q4 (June-end) progressed, (2) lean inventory that could constrain comps, (3) looming tougher compares, and (4) peak-ish merchandise margins. While the product designs have generally been trend-right, our Retail Specialists note that management has employed deeper discounts to drive incremental traffic which may hamper AUR (average unit retail) and consensus expectation for gross margins."
Lowers FY12 EPS estimate from $0.15 to $0.14 and FY13 from $0.25 to $0.17.
For an analyst ratings summary and ratings history on bebe stores, inc. click here. For more ratings news on bebe stores, inc. click here.
Shares of bebe stores, inc. closed at $6.02 yesterday.
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