-
Farfetch Gains Glamorous Investors: Steven Cohen-Backed Point72 Makes Luxe Bet With 5.1% Share
Saturday, December 2, 2023 - 11:57am | 484Farfetch (NYSE: FTCH), a prominent player in the luxury fashion industry, has attracted notable investment interest, as evidenced by a recent SEC filing. Point72 Asset Management, L.P., along with associated entities and noted investor Steven A. Cohen, reported owning 18,132,...
-
Who's Shopping For Nordstrom's Stock? The Street Debates
Wednesday, March 4, 2020 - 6:00pm | 748High-end department store chain Nordstrom, Inc. (NYSE: JWN) reported a top- and bottom-line miss in its fourth-quarter earnings while management's outlook also fell short of expectations. Here is a summary of how some of the Street's top analysts reacted to the print. The Nordstrom Analysts...
-
3 Analysts Review Nordstrom's Q3 Earnings
Friday, November 22, 2019 - 12:13pm | 524Nordstrom, Inc. (NYSE: JWN) reported better-than-expected third-quarter results, but analysts are mixed if this marks the start of a sustainable period of growth. The Analysts KeyBanc Capital Markets analyst Edward Yruma maintains an Overweight rating on Nordstrom's stock with a $48 price...
-
Nordstrom Issues Weak Holiday Sales Report: The Sell-Side Reacts
Wednesday, January 16, 2019 - 1:04pm | 639High-end fashion retailer Nordstrom, Inc. (NYSE: JWN) cautioned investors Wednesday that sales at its flagship stores fell "below expectations" during the holiday season, necessitating increased promotions to work through excess inventory. The Analysts UBS' Jay Sole...
-
What To Make Of L Brands' Q3, Leadership Change, Dividend Reduction
Tuesday, November 20, 2018 - 4:20pm | 681L Brands Inc (NYSE: LB), the parent company of multiple brands including Victoria's Secret and Bath & Body Works, reported a top- and bottom-line beat in its third-quarter results but also announced a 50-percent reduction in its dividend and named John Mehas as the new CEO of Victoria's...
-
American Eagle Is A Bright Spot In Apparel, Says Loop Capital
Friday, March 23, 2018 - 1:05pm | 404Investors are hard pressed to find a compelling opportunity in the apparel retail sector, but Loop Capital Markets said American Eagle Outfitters (NYSE: AEO) is just that. The Analyst Analyst Laura Champine initiated coverage of American Eagle Outfitters' stock with a Buy rating...
-
Coach Is Changing Its Name To...Tapestry?
Wednesday, October 11, 2017 - 9:53am | 512Fashion designer and retailer Coach Inc (NYSE: COH) announced Wednesday it will be changing its name to Tapestry, Inc. effective as of the end of the month. The company's stock will also begin trading under the ticker "TPR" at that time. You've Got A Friend The company's...
-
Victoria's Secret Turnaround Bodes Well For L Brands, Despite Retail Woes
Tuesday, September 26, 2017 - 3:46pm | 383Analysts at Atlantic Equities turned bullish on L Brands Inc (NYSE: LB) after conducting on the ground checks at stores. The firm's Daniela Nedialkova upgrades L Brands' stock rating from Neutral to Overweight with a $56 price target. While visiting Victoria's Secret stores the analyst found...
-
Nordstrom Go-Private Deal Likely, But The Stock Is A Buy Either Way
Wednesday, September 13, 2017 - 11:40am | 397Shares of Nordstrom, Inc. (NYSE: JWN) traded higher by more than 5 percent on Wednesday after a CNBC report suggested the namesake family is closing in on a potential deal with a private equity firm to take the company private. While the likelihood of take-private transaction occurring is "likely"...
-
Fashion Retailer Nordstrom's New Game Plan: Don't Sell Clothes
Wednesday, September 13, 2017 - 8:54am | 391High-end luxury fashion retail giant Nordstrom, Inc. (NYSE: JWN) has a new game-plan to boost sales: Don't sell high-end luxury fashion items. Instead of selling clothes, shoes, accessories and other fashion products, Nordstrom is testing a concept where it will offer stylists, manicurists, a...
-
Victoria's Secret Issues Are 'Self-Inflicted,' But L Brands Can Bounce Back
Tuesday, September 12, 2017 - 2:18pm | 332Analysts at Bernstein began covering U.S. softline and specialty retail group Monday, holding an overall bullish outlook on apparel. Among the multiple companies the firm's Jamie Merriman began covering is L Brands Inc (NYSE: LB), the parent company of Victoria's Secret and Bath & Body Works....
-
Zumiez Defies Retail Weakness Story With Q2 Beat
Friday, September 8, 2017 - 12:47pm | 327Zumiez Inc. (NASDAQ: ZUMZ)'s second quarter earnings report was strong enough to warrant an upgrade from Wall Street. B. Riley & Co.'s Jeff Van Sinderen upgraded Zumiez's stock from Neutral to Buy with a price target boosted from $17 to $18 as the fashion retailer proved it's a...
-
Lululemon's Q2: Even If There's A Beat, The Stock Is Still A Sell
Thursday, August 31, 2017 - 2:05pm | 332One of the remaining notable companies to report their earnings report is Lululemon Athletica inc. (NASDAQ: LULU). The fashion retailer is scheduled to report its earnings after Thursday's market close, and even if the company impresses investors in the quarter, Canaccord Genuity's Camilo Lyon won'...
-
Victoria's Secret's Panty Product Performance Goes Negative For First Time Since The Recession
Monday, August 28, 2017 - 4:06pm | 405Analysts at Jefferies discovered an un-sexy trend in L Brands Inc (NYSE: LB) that could hurt the stock. The firm's Randal Konik maintains an Underperform rating on L Brands' stock with an unchanged $30 price target after sales of panties declined for the first time in a "LONG time." During the...
-
The Gap Delivers December Sales Upside Surprise
Friday, January 6, 2017 - 11:18am | 555Gap Inc (NYSE: GPS), the global retailer that sells clothing, accessories and personal care products across the Gap, Banana Republic, Old Navy, Athleta and Intermix brands, reported on Thursday its sales metrics for the November and December 2016 holiday season. Net sales for the five-week period...