Nomura Securities Maintains a 'Neutral' on rue21, inc. (RUE); Raising Estimates After Q2 Review
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Price: $41.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 7 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 rue21, inc. (NASDAQ: RUE) price target of $30.00.
Analyst, Paul Lejuez, said, "RUE reported comps +0.5%, 100-150bps lower than expected, but GM was strong. Lower taxes gave them a $0.02 beat. Management indicated August has picked up the business they lost in the last two weeks of July as a result of later back to school periods in key states. The good start to August and strong guidance for 3Q and F12 will likely move the stock higher near term. We are increasing our F12E from $1.83 to $1.87, but our $2.04 F13E remains the same. Although Back-To-School is off to a good start, lackluster comps and lower sales/sq ft have become a pattern. We view the risk/reward as balanced, trading at ~13x our F13E EPS."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $28.87 yesterday.
Analyst, Paul Lejuez, said, "RUE reported comps +0.5%, 100-150bps lower than expected, but GM was strong. Lower taxes gave them a $0.02 beat. Management indicated August has picked up the business they lost in the last two weeks of July as a result of later back to school periods in key states. The good start to August and strong guidance for 3Q and F12 will likely move the stock higher near term. We are increasing our F12E from $1.83 to $1.87, but our $2.04 F13E remains the same. Although Back-To-School is off to a good start, lackluster comps and lower sales/sq ft have become a pattern. We view the risk/reward as balanced, trading at ~13x our F13E EPS."
For an analyst ratings summary and ratings history on rue21, inc. click here. For more ratings news on rue21, inc. click here.
Shares of rue21, inc. closed at $28.87 yesterday.
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