Caris & Co. Upgrades True Religion Apparel to Buy (TRLG)

By admin | 6 years ago

True Religion Apparel (NASDAQ: TRLG) was upgraded by analysts at Caris & Co. from an “average” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $38.00 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at BB&T (NYSE: BBT) downgraded shares of True Religion Apparel from a “buy” rating to a “hold” rating in a research note to investors on Friday, April 27th. Separately, 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. Finally, 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.

True Religion Apparel traded down 2.29% on Wednesday, hitting $28.20. True Religion Apparel has a 1-year low of $24.71 and a 1-year high of $37.82. The company has a market cap of $707.8 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.

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