True Religion Apparel Downgraded by Caris & Co. to “Average” (TRLG)

True Religion Apparel (NASDAQ: TRLG) was downgraded by research analysts at Caris & Co. from an “above average” rating to an “average” rating in a report issued on Friday.

Separately, analysts at Benchmark Co. downgraded shares of True Religion Apparel from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $38.00 price target on the stock, down previously from $43.00. Analysts at Brean Murray downgraded shares of True Religion Apparel from a “buy” rating to a “hold” rating in a research note to investors on Friday. Also, analysts at Citigroup (NYSE: C) downgraded shares of True Religion Apparel from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $42.00 price target on the stock, up previously from $37.00.

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.

Shares of True Religion Apparel traded down 27.11% during mid-day trading on Friday, hitting $26.78. True Religion Apparel has a 52 week low of $20.49 and a 52 week high of $37.82. The stock’s 50-day moving average is $35.10 and its 200-day moving average is $32.43. The company has a market cap of $672.2 million and a P/E ratio of 19.87.

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Posted by Web Inquirer Staff on 10 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.