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Janney Montgomery Scott Maintains a 'Buy' on Hot Topic (HOTT); Holiday Comp Beats Consensus; Negative Torrid Comp is Concerning

January 5, 2012 7:27 AM EST
Get 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: 11 | New: 11
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Janney Montgomery Scott maintains a 'Buy' on Hot Topic (NASDAQ: HOTT) price target lowered $1 to $8.

JMS analyst says, "We are raising our FY11 EPS estimate to $0.17 from $0.15 (versus consensus at $0.16) and lowering our FY12 EPS estimate to $0.18 from $0.22 (versus consensus at $0.26) due to concerns over Torrid improvement. We are introducing our FY13 EPS estimate of $0.22."

"Continue to expect sustainable positive comp recovery in spring 2012, but negative Torrid comp may weigh on the overall comp performance. We believe the macro backdrop and promotional environment remains challenging. We also believe that the inventory is still a combination of both the new strategy and the old strategy (which targeted a much younger audience)."

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 $6.59 yesterday.


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