Rue21 (RUE) Announces Quarterly Results, Misses Estimates By $0.01 EPS
Wednesday, August 24, 2021 5:05 PM

Rue21 (RUE) announced its quarterly results on Wednesday. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.01. The company’s quarterly revenue was up 20.9% on a year-over-year basis.

On a related note, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Rue21 from $32.00 to $29.00 in a research note to investors on Monday. They now have an "equal weight" rating on the stock. Also, analysts at Zacks Investment Research downgraded shares of Rue21 from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday, August 2nd.

Shares of Rue21 (RUE) traded up 2.43% during mid-day trading on Wednesday, hitting $26.97. Rue21 (RUE) has a 52 week low of $20.28 and a 52 week high of $37.33. The stock's 50-day moving average is $31.36 and its 200-day moving average is $31.. The company has a market cap of $658.0 million and a price-to-earnings ratio of 19.36.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.