KeyBanc Keeps 'Hold' on Joe's Jeans Inc. (JOEZ); Positive Data Points

KeyBanc maintains a 'Hold' on Joe's Jeans Inc. (NASDAQ: JOEZ).

Analyst, Edward Yruma, said, "Joe's Jeans is benefiting from colored denim and its move to offer more affordable premium denim. Joe's posted a very strong 10% comp, and in particular, saw strength in its full priced doors. The Company also saw strength in its wholesale doors, we think due to the strong reception to its colored denim (55 colors) as well as its continued rollout of its lower-priced premium denim offering at Macy's (NYSE: M)."

However, despite the positive data points, Yruma stays sidelined, and is waiting for rollout at Macy's.

For an analyst ratings summary and ratings history on Joe's Jeans Inc. click here. For more ratings news on Joe's Jeans Inc. click here.

Shares of Joe's Jeans Inc. closed at $1.17 yesterday.

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