Rue21 (NYSE: RUE) announced its earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.03, Analyst Ratings.Net reports. The company had revenue of $224.40 million for the quarter, compared to the consensus estimate of $229.83 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Rue21 updated its Q2 guidance to $0.51-$0.53 EPS and its FY14 guidance to $1.98-$2.03 EPS.
RUE has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of Rue21 in a research note to investors on Thursday, May 23rd. They now have a $42.00 price target on the stock, up previously from $1.10. On the ratings front, analysts at Piper Jaffray downgraded shares of Rue21 from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, May 23rd. They now have a $42.00 price target on the stock, up previously from $36.00. Finally, analysts at Zacks upgraded shares of Rue21 from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 22nd. They now have a $35.40 price target on the stock.
Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.28.
rue21, inc. (NYSE: RUE) is a specialty apparel retailer.
