H T I .
Source: uoig.uoregon.edu
Topic: Teen Fashion
Sort Desciption: styles that will impact the direction of teen fashion. Of all the media that HOTT observes the one that wields. the most influence over music and youth ...
Content Inside: U NIVERSITY OF O REGON I NVESTMENT G ROUP January 24 2003 Specialty Retail H OT T OPIC I NC . HOLD Business Overview Have you been scouring the mall to find a replica of Fred Dursts baseball cap? Are you dying to get a spiky punk rock bracelet just like the singer of Sum 41? Did your Dave Matthews Band poster get ruined at the last Greek kegger? Then you need to high tail it down to the nearest Hot Topic. Hot Topic is a chain of specialty retail stores owned by Hot Topic Inc. (HOTT) that focuses on selling to music-licensed and music-influenced apparel accessories and gift items to young men and women between the ages of 12 and 22. HOTT takes its fashion cues from MTV music publications movies and popular youth-oriented television shows; mediums that they believe appeal to teenagers from diverse socio-economic backgrounds. In 2001 HOTT launched a new retail concept under the trade name Torrid. Torrid offers a selection of music influenced apparel lingerie shoes and accessories centered around various lifestyles for plus-size young women between the ages of 15 and 29. The company believes that Torrid is the only mall-based retail store to offer fashion-forward (alternative fashion) merchandise to plus-size young women. In addition to its brick and mortar operations HOTT maintains two separate websites www.hottopic.com and www.torrid.com which reflect the individual store concepts and sell merchandise. Stock Data Price (52 weeks) $14.85 - $28.20 Symbol/Exchange HOTT/Nasdq Beta 1.67 Dividend yield .n/a Fully diluted shares 31.06 Million Average daily volume 0.85 Million Current market cap $756.19 Million Book Value/Share $4.56 LTD ratio 0% Valuation (per share) FCF Analysis $15.29 Comparables Analysis $16.74 Target Price $16.00 Summary Financials (in millions) 2002 E Revenue $438 Earnings $37 Free Cash Flow $(2.9) Daily Closing Price 12 17 22 27 32 Daily Volum e 0 2000 4000 6000 8000 10000 12000 C o m p a n y N a m e . university of orego ...
