Equities research analysts at Needham & Company boosted their price target on shares of True Religion Apparel, Inc. (NASDAQ: TRLG) from $27.00 to $33.00 in a research note to investors on Monday. The analysts currently have a “buy” rating on the stock.
Separately, analysts at BB&T (NYSE: BBT) initiated coverage on shares of True Religion Apparel, Inc. in a research note to investors on Thursday, April 14th. They set a “buy” rating and a $31.00 price target on the stock. Also, analysts at Zacks Investment Research reiterated an “underperform” rating on shares of True Religion Apparel, Inc. in a research note to investors on Thursday, March 31st.
Shares of True Religion Apparel, Inc. traded up 2.79% during mid-day trading on Tuesday, hitting $27.66. True Religion Apparel, Inc. has a 52 week low of $17.50 and a 52 week high of $34.17. The stock’s 50-day moving average is $24.23 and its 200-day moving average is $22.19. The company has a market cap of $694.9 million and a price-to-earnings ratio of 15.38.
True Religion Apparel, Inc. last announced its quarterly results on Thursday, February 24th. The company reported $0.63 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.61 EPS by $0.02. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts predict that True Religion Apparel, Inc. will post $0.39 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. The Company designs, markets, distributes and sells fashion jeans and related sportswear apparel. Its products include denim, knit and non-denim, and come in tops and bottoms. Knit styles include hoodies, t-shirts and sweats, and non-denim fabrics include corduroy and twill. Tops range from shirts to jackets, and bottoms encompass pants, shorts and skirts. It operates in four segments: United States Wholesale, International, Consumer Direct and Other, which includes licensing activity. Its products are distributed internationally through its network of international distributors and sales agents, and sold internationally at boutiques and specialty stores in cities throughout Africa, Asia, Australia, Europe, the Middle East and South America.
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