Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Piper Jaffray Ups Opinion on Volcom


Piper Jaffray raised its investment recommendation on Volcom (VLCM) to outperform from market perform.

Analyst Jeffrey Klinefelter cited growing teen mindshare, strong order backlog, and a diverse product mix with exposure to wear-now apparel provide the company with top-line upside potential. After having just completed his fall 2005 survey tour, he believes Volcom is positioned to benefit from what continues to be a strong "boardsport" trend cycle. He's also encouraged by the company's order backlog, up 42.2% year over year. He believes strong backlog combined with solid sell-throughs at retail could result in upside to 25% to 30% second quarter revenue guidance and maintained his 85 cents 2005, $1.03 2006 earnings per share estimates, and $36 price target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus