True Religion Apparel Receives Buy Rating from Brean Murray (TRLG)

Posted by: Shayan Afkhami Posted date: March 20, 2013 In: Analyst Articles - US, Investing

True Religion Apparel (NASDAQ: TRLG)‘s stock had its “buy” rating reaffirmed by research analysts at Brean Murray in a report released on Wednesday. They currently have a $32.00 target price on the stock.

True Religion Apparel (NASDAQ: TRLG) traded up 2.32% on Wednesday, hitting $27.79. True Religion Apparel has a 1-year low of $20.22 and a 1-year high of $30.66. The stock’s 50-day moving average is currently $26.67. The company has a market cap of $703.7 million and a price-to-earnings ratio of 14.92.

True Religion Apparel (NASDAQ: TRLG) last announced its earnings results on Wednesday, February 6th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.01. The company had revenue of $137.00 million for the quarter, compared to the consensus estimate of $130.02 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. True Religion Apparel has set its Q1 guidance at $0.33-0.35 EPS and its FY13 guidance at $1.89-1.95 EPS. On average, analysts predict that True Religion Apparel will post $1.91 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at BB&T upgraded shares of True Religion Apparel from a “hold” rating to a “buy” rating in a research note to investors on Thursday, February 7th. Finally, analysts at Benchmark Co. reiterated a “buy” rating on shares of True Religion Apparel in a research note to investors on Monday, February 4th. They now have a $32.00 price target on the stock.

Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. True Religion Apparel presently has an average rating of “Buy” and a consensus target price of $30.33.

True Religion Apparel, Inc. (NASDAQ: TRLG) designs, markets, sells and distributes premium fashion apparel, centered on its core denim products using the brand name True Religion Brand Jeans.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.