Benchmark Co. Gives Buy Rating to True Religion Apparel (TRLG)
A number of other analysts have also recently weighed in on TRLG. Analysts at Brean Murray reiterated a “buy” rating on shares of True Religion Apparel in a research note to investors on Wednesday. They now have a $37.00 price target on the stock, up previously from $32.00. Separately, analysts at Caris & Company upgraded shares of True Religion Apparel from an “above average” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $38.00 price target on the stock. Finally, analysts at Caris & Co. upgraded shares of True Religion Apparel from an “average” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $38.00 price target on the stock.
True Religion Apparel traded down 2.74% on Wednesday, hitting $28.07. True Religion Apparel has a 52-week low of $24.71 and a 52-week high of $37.82. The company has a market cap of $704.6 million and a price-to-earnings ratio of 16.03.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.36 EPS by $0.04. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that True Religion Apparel will post $0.38 EPS next quarter.
True Religion Apparel, Inc. (True Religion) designs, markets, distributes, and sells apparel under the brand name True Religion Brand Jeans to consumers on six continents, including North America, Europe, Asia, Australia, Africa and South America.