True Religion Apparel (NASDAQ: TRLG) was upgraded by research analysts at Caris & Company from an “above average” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $38.00 target price on the stock.
Shares of True Religion Apparel opened at 28.86 on Wednesday. True Religion Apparel has a one year low of $24.71 and a one year high of $37.82. The company has a market cap of $724.4 million and a P/E 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. On average, analysts predict that True Religion Apparel will post $0.38 earnings per share next quarter.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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.
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.