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True Religion Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of fashionista retailer True Religion (Nasdaq: TRLG  ) soared as much as 16% on a down day for the market after reporting second-quarter results that blew away estimates.

So what: Revenue rose 20% to $98.3 million while profit soared 30% to $0.38 a share. Analysts had been looking for $91.5 million and $0.34 a share, respectively, marking the second consecutive quarter in which True Religion has made Wall Street look silly.

Now what: Foolish colleague Sean Williams sees the report as confirming of a sustainable edge for the denim diva. "Is True Religion a bargain relative to its peers? I think the answer is still yes, even with [the stock] nearing its all-time high," he wrote earlier today. Do you agree? Disagree? Let us know what you think about True Religion using the comments box below.

Interested in more info on True Religion?Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.

Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insights makes us better investors. The Motley Fool has adisclosure policy.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 02, 2011, at 4:02 PM, TheoryMeltFool wrote:

    Will be holding my shares for now. One thing i'm worried about is seeing their sneakers on sale at places like Journey's. They appear to be converse clones, and are sometimes selling at discounts of 60% off. Requires further investigation imho.

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Tim Beyers
TMFMileHigh

Tim Beyers first began writing for the Fool in 2003. Today, he's an analyst for Motley Fool Rule Breakers and Motley Fool Supernova. At Fool.com, he covers disruptive ideas in technology and entertainment, though you'll most often find him writing and talking about the business of comics. Find him online at timbeyers.me or send email to tbeyers@fool.com. For more insights, follow Tim on Google+ and Twitter.

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