Wednesday, January 12, 2011

Body Central (NASDAQ:BODY) Skyrockets on 4Q Sales, Market Share

Shares of Body Central (NASDAQ:BODY) soared Tuesday on the blowout quarter they had, with a pre-announcement of $0.25 to $0.26 far above the prior guidance of $0.20 to $0.22.

Jefferies responded saying, "We are pleased to see BODY's strong momentum continue into the holiday season, especially in the face of intense competition within the malls. An acceleration in the 2-yr comp trend indicates that BODY continues to gain market share."

They raised their full year 2010 and 2011 EPS/revenue estimates to $0.83/$243.5 million and $0.96/$280.8 million from $0.78/$238.1 million and $0.91/$276.4 million.

Jefferies sees them having a clear path for the store base being tripled. The company confirmed they're going to invest more in their stores as the result of the strong quarter.

Jefferies maintains their "Buy" rating on Body Central, which closed Tuesday at $19.24, gaining $4.13, or 27.33 percent. They boosted their price target on them from $18 to $19.

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