) to buy from market perform.
Analyst Marcia Aaron says in a tough environment the company has had a very consistent EPS performance. Too is projecting Q1 EPS growth of 20%. Aaron expects margin improvement and expects easing comp-store sales as second-half fiscal 2001 (Jan.) same-store sales were basically flat. On a valuation basis, Too is less expensive than many other retailers: before the market opened, the company's shares were trading at 16 times her $1.21 fiscal 2002 EPS estimate vs. about 23.5 times for peers. Aaron sees $1.41 fiscal 2003 EPS. She set a $28 12-month price target.