True Religion Apparel, Inc. (TRLG) has been upgraded today by the securities research analysts at investment firm Standpoint Research which raised True Religion Apparel from a “hold” rating to “buy.” Standpoint has a price target on ‘TRLG’ fixed at $33 dollars for now. True Religion Apparel is up during intraday trading – the first time in the span of five trading days, in fact.
True Religion Apparel is slated to release their next earnings report on August 3rd, 2011 and the current consensus EPS estimate is expected to be 33 cents. True Religion Apparel last earnings report was released on April 28th, 2011 and announced EPS of 36 cents with revenue totaling $93.8 million which was up 20.5 % year to year. TRLG is currently trading between its 50 & 200-day moving averages and 2011 is currently a down year for the company.
True Religion Apparel, Inc. 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 has market capitalization of $627,000,000 and 25,154,000 shares outstanding. TRLG has a 52-week high of $31.92 with the low being $17.50 dollars.