Citigroup’​s $42.00 price target on True Religion Apparel

Equities research analysts at Citigroup (NYSE: C) initiated

coverage on shares of True Religion Apparel (NASDAQ: TRLG) in a research note issued to investors on Tuesday. They set a “buy” rating and a $42.00 price target on the stock.

Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of True Religion Apparel in a research note to investors on Wednesday, November 2nd. They now have a $38.00 price target on the stock. Analysts at Brean Murray raised their price target on shares of True Religion Apparel to $42.00 in a research note to investors on Wednesday, November 2nd. Also, analysts at Standpoint Research downgraded shares of True Religion Apparel from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 27th.

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 opened at 32.70 on Tuesday. True Religion Apparel has a 52 week low of $18.17 and a 52 week high of $34.80. The stock’s 50-day moving average is $32.30 and its 200-day moving average is $29.8. The company has a market cap of $820.8 million and a price-to-earnings ratio of 17.69.