J. Crew Group’s Future Looks Bright

J. Crew Group, Inc. (NYSE: JCG) was today given a Buy rating by Jesup & Lamont at a price target of $56 after JCG posted better than expected EPS of $0.67, beating Jesup’s EPS estimation of $0.59.

Jesup also believe that J. Crew’s irresistible new products along with impeccable execution drives helps in increasing the sales of the company. Jesup analysts expect JCP to report fourth quarter EPS of $0.44 which is above the current estimates of $0.37 to $0.42.

Jesup likes J. Crew for long term investment because of its multi channel model with stores, factory stores and direct to consumer segments. JCG believes that its full line stores will help them report better operating margin in the coming quarters if productivity starts with full volume.

Shares of J. Crew Group, Inc. (NYSE: JCG) are trading higher by 6.39% to $43.46 on 204K shares in the morning trading hours.

So far this year, JCP is up over 250% and at yesterday’s closing price, represents a premium of over 25% at Jesup’s price target of $56.