True Religion also raised full-year guidance for the second time this year

Raising Guidance

True Religion also raised full-year guidance for the second time this year. The company is projecting 2008 EPS to be between $1.61 and $1.65, up from between $1.52 and $1.56. The forecast reflects a 42% increase from the $1.16 reported for 2007.

Location, Location, Location

On August 4th, True Religion opened its newest location in New York City's Union Square. The newest location is the 16th new store opened this year and brings the total store count to 34. The company expects to have 39 stores by the end of 2008, up from the previous target of 35.

Favorable Industry Comparisons

True Religion has a Return on Equity of 37.0%, which easily trumps the industry average of 12.7%. The Net Profit Margin of 15.6% is more than twice the average. The Zacks #1 Rated stock has an estimated 20% growth rate for the next five years.

The Chart

Shares of True Religion had been trading sideways until recently breaking through a level of resistance at $28 per share and set a new 52-week high. Take a look at the chart below.