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Body Central (BODY) stock fell into a pit,

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dav1234 Member Profile dav1234 Member Level 
Saturday, May 05, 2012 12:03:04 PM
Re: dav1234 post# 2 Post # of 61 
Body Central (BODY) stock fell into a pit, with shares down 46% in intraday trading Friday. It may not potentially climb out until back-to-school season in late summer, when the women's fashion retailer sees results improving.

Limited Brands (LTD), Lululemon (LULU) and Chico's FAS (CHS) were all down more than 2%, as markets were selling off on disappointing job numbers.

On Thursday, Body Central issued Q2 forecasts well below analysts' estimates, citing continued weakness in sales trends during April.

"We believe that our sales performance will improve as we transition into the back-to-school and fall seasons," CEO Allen Weinstein said in a statement.

Jefferies cut its price target on Body Central to $32 from $36, saying steeper markdowns to clear out unwanted inventory will hurt sales and margins.

Oppenheimer also trimmed its price target, reducing it to $28 from $31, citing issues that will require the summer to resolve. But it remains positive on the stock long term.

Body Central sees Q2 earnings of 26-28 cents a share, on sales of $80 million-$82 million. Analysts see earnings of 36 cents a share on sales of $87 million.

http://news.investors.com/article/610339/201205041416/body-central-shares-sink-after-weak-outlook.htm


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