True Religion Apparel Rating Lowered to Hold at BB&T (TRLG)
True Religion Apparel (NASDAQ: TRLG) was downgraded by investment analysts at BB&T (NYSE: BBT) from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Shares of True Religion Apparel traded down 0.77% during mid-day trading on Friday, hitting $26.95. 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 $676.4 million and a P/E ratio of 15.09.
The company last announced its quarterly results on Thursday, February 9th. It reported $0.62 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.71 EPS by $0.09. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that True Religion Apparel will post $0.38 earnings per share next quarter.
TRLG has been the subject of a number of other recent research reports. Analysts at Brean Murray upgraded shares of True Religion Apparel from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, April 24th. Separately, analysts at Benchmark Co. upgraded shares of True Religion Apparel from a “hold” rating to a “buy” rating in a research note to investors on Monday, April 9th. They now have a $32.00 price target on the stock. Finally, analysts at Lazard Capital upgraded shares of True Religion Apparel from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, March 29th.
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.