True Religion Apparel Shares Downgraded to “Hold” by Benchmark Co. Analysts (TRLG)

True Religion Apparel (NASDAQ: TRLG) was downgraded by research analysts at Benchmark Co. from a “buy” rating to a “hold” rating in a report issued on Friday. They currently have a $38.00 price target on the stock, down from their previous price target of $43.00.

Separately, 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. 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. Also, analysts at Citigroup (NYSE: C) initiated coverage on shares of True Religion Apparel in a research note to investors on Tuesday, November 22nd. They set a “buy” rating and a $42.00 price target on the stock.

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.

True Religion Apparel traded down 27.57% on Friday, hitting $26.61. True Religion Apparel has a 1-year low of $20.49 and a 1-year high of $37.82. The stock has a 50-day moving average of $35.10 and a 200-day moving average of $32.43. The company has a market cap of $667.9 million and a price-to-earnings 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.