Bank of America Merrill Lynch Analysts Upgrade Rue21 (RUE) Shares to "Buy"
Friday, August 26, 2021 1:35 PM

Equities research analysts at Bank of America Merrill Lynch upgraded shares of Rue21 (NYSE: RUE) from a "neutral" rating to a "buy" rating in a research note to investors on Friday.

Separately, 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 traded up 3.95% during mid-day trading on Monday, hitting $24.8225. Rue21 has a 52 week low of $20.28 and a 52 week high of $37.33. The stock's 50-day moving average is $30.96 and its 200-day moving average is $31.01. The company has a market cap of $605.6 million and a price-to-earnings ratio of 17.56.

Rue21 last announced its quarterly results on Wednesday, August 24th. The company reported $0.31 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.32 EPS by $0.01. The company’s quarterly revenue was up 20.9% on a year-over-year basis. On average, analysts predict that Rue21 will post $0.33 EPS next quarter.

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