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Profile - Wet Seal, Inc. (NasdaqNM:WTSLA)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Recent Events
Aug 23Conference call: Wet Seal Earnings (Q2 2001)
Aug 23Earnings Announcement
July 25Stock Split 3 for 2
Location
26972 Burbank
Foothill Ranch, CA 92610
Phone: (949) 583-9029
Fax: (949) 583-0715
Employees (last reported count): 2,321
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Retail (Apparel)
Company Website
 ·Home Page

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Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider and 5%+ Owners: 45%
·Over the last 6 months:
 · one insider buy; 1,000  shares
 · 13 insider sells; 731.0K shares
  (7.6% of insider shares)
·Institutional: 75% (137% of float)
(195 institutions)
·Net Inst. Selling: 356.0K shares (+2.50%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
The Wet Seal, Inc. is a nationwide specialty retailer of fashionable and contemporary apparel and accessory items designed for consumers with a young, active lifestyle. As of March 15, 2001, the Company operated 552 retail stores in 42 states, Washington D.C. and Puerto Rico, including 101 in California, 53 in Florida and 38 in Texas. Of the 552 stores, 242 operated under the "Contempo Casuals" trademark, 225 operated under the "Wet Seal" trademark and 85 operated under the "Arden B." trademark. Arden B. was introduced as a retail concept by the Company in November 1998, and offers a collection of fashion separates and accessories for all parts of the fashionable, sophisticated, contemporary customer's lifestyle. Limbo Lounge was discontinued as a retail concept by the Company at the end of fiscal 2000. On March 25, 2001, the Company acquired the leases, merchandise inventory and furniture and fixtures for 18 Zutopia stores from Gymboree, Inc.
More from Market Guide: Expanded Business Description

Financial Summary
The Wet Seal, Inc. is a nationwide specialty retailer of fashionable and contemporary apparel and accessory items designed for consumers with a young, active lifestyle. As of 5/01, the Company operated 563 stores. For the 13 weeks ended 5/5/01, sales rose 6% to $137.9 million. Net income totaled $5.4 million, up from $2.2 million. Results reflect the addition of new stores, a 3.5% increase in same store sales and higher margins due to lower merchandise costs.

Recent Earnings Announcement
For the 13 weeks ended 08/04/2001, revenues were 135,580; after tax earnings were 3,573. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2001 Compensation
PayExer

Irving Teitelbaum, 62
Chairman
--  --  
Kathy Bronstein, 49
CEO and Vice Chairman
$1.9M$1.4M
Walter Parks
CFO, Exec. VP
--  --  
Greg Scott, 38
Pres of the Arden B. division
286K--  
Ann Kim, 43
Exec. VP-Fin.
302K--  
Dollar amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:WTSLAAs of 31-Aug-2001
Price and Volume
52-Week Low
on 1-Sep-2000
$9.167
Recent Price$19.99 
52-Week High
on 5-June-2001
$25.673
Beta1.14 
Daily Volume (3-month avg)412.0K
Daily Volume (10-day avg)475.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+116.1%
52-Week Change
relative to S&P500
+189.9%
Share-Related Items
Market Capitalization$391.5M
Shares Outstanding19.6M
Float10.7M
Dividends & Splits
Annual Dividendnone 
Last Split: 3 for 2 on 25-July-2001
Per-Share Data
Book Value (mrq*)$8.87 
Earnings (ttm)$1.30 
Earnings (mrq)$0.18 
Sales (ttm)$30.12 
Cash (mrq*)$4.10 
Valuation Ratios
Price/Book (mrq*)2.25 
Price/Earnings (ttm)15.32 
Price/Sales (ttm)0.66 
Income Statements
Sales (ttm)$594.9M
EBITDA (ttm*)$53.7M
Income available to common (ttm)$25.8M
Profitability
Profit Margin (ttm)4.3%
Operating Margin (ttm)5.3%
Fiscal Year
Fiscal Year EndsFeb 3
Most recent quarter
(fully updated)
5-May-2001
Most recent quarter
(flash earnings)
31-July-2001
Management Effectiveness
Return on Assets (ttm)10.68%
Return on Equity (ttm)16.54%
Financial Strength
Current Ratio (mrq*)1.73 
Debt/Equity (mrq*)0 
Total Cash (mrq)$113.3M
Short Interest
As of 8-Aug-2001
Shares Short281.0K
Percent of Float2.6%
Shares Short
(Prior Month)
624.0K
Short Ratio0.58 
Daily Volume483.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-July-2001, except mrq*/ttm* items as of 5-May-2001)

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