Sterne Agee Comments on Cache Inc Amid Tough Comparisons

Sterne Agee has published a research report on Cache Inc CACH. In the report, Sterne Agee wrote, "Second Half Comparisons Ease; Fall Lines Look Strong. We expect CACH will offer guidance for Q3. Our estimate for Q3 is a loss of ($0.13) with FC at ($0.12). Cache's fall transition line arrives in stores on July18th with the initial shipment of the fall line starting on August 8th. Given the change in the design process, CACH was able to show the fall line to fashion editors and the line will be in several September magazines. We recently saw the line and noted a lot of special pieces including fur trims. We believe soon CACH may launch its revamped ecommerce website which, over time, may permit e-commerce sales to reach 10% of total versus 5.5% now." Sterne Agee rated Cache a BUY with a price target of $7.00. Cache closed Friday at $5.25.