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L Brands Analysts Review Q1 Print; Wells Fargo Says Bath And Body Works 'One Of The Brightest Spots In Retail'
Thursday, May 23, 2019 - 5:01pm | 559Embattled L Brands Inc (NYSE: LB) is having a good week: shares of the retailer were up 12.84 percent at the close Thursday after the company reported a first-quarter sales beat the day before. Victoria’s Secret continues to be a drag on L Brands results, with same store sales down 5...
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Fossil's Q1 Beat Elicits Mixed Analyst Reactions
Thursday, May 9, 2019 - 2:34pm | 552Fossil Group Inc (NASDAQ: FOSL) shares were surging Thursday after the watchmaker beat consensus estimates in its first-quarter report. The loss per share of 42 cents beat the estimate for a 60-cent loss, and sales of $465 million outperformed a $456.1-million forecast. Experts...
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Wall Street Raves About Lululemon's Analyst Day
Saturday, April 27, 2019 - 11:39am | 803Lululemon Athletica, inc. (NASDAQ: LULU) hosted its analyst day this week, and it brought big announcements from an apparel company that has gained a lot of momentum in recent months. Arguably, the biggest revelation was the announcement that Lululemon is entering the footwear business. Here...
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The Street Agrees: Buy Ulta Beauty On Q4 Earnings Beat
Friday, March 15, 2019 - 12:40pm | 619Retailer Ulta Beauty Inc (NASDAQ: ULTA) reported fourth-quarter results that came in better than expected, including a 9.4-percent same-store sales increase versus expectations of 7.9 percent. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Credit...
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Wells Fargo Likes Tapestry, Says 'Coach Brand Back In Action'
Monday, March 4, 2019 - 4:31pm | 408Wells Fargo's research team had the opportunity to travel with luxury accessories and lifestyle brand company Tapestry Inc (NYSE: TPR)'s management team, including CEO Victor Luis. The Analyst Wells Fargo's Ike Boruchow maintains an Outperform rating on Tapestry with an unchanged $...
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Analysts Cheer Old Navy Split, But Gap Still Has Some Work To Do
Friday, March 1, 2019 - 4:00pm | 782Shares of Gap Inc. (NYSE: GPS) surged 20 percent after it announced it will spin off its best performing brand, Old Navy, to shareholders in 2020, leading a few Wall Street analysts to boost their price estimates for the stock. Gap also announced a major restructuring plan that will see the closure...
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L Brands Could Be A Turnaround Story In 2019, Says Bullish Wells Fargo
Thursday, February 28, 2019 - 11:28am | 415L Brands Inc (NYSE: LB) announced disappointing guidance Wednesday for the first quarter and full-year EPS. Victoria's Secret delivered soft holiday performance and, given a lack of catalysts, could continue to face pressure through the first half of 2019, according to Wells Fargo. L Brands...
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Canada Goose Analysts React To Q3 Print: Should Investors Buy The Dip?
Friday, February 15, 2019 - 1:03pm | 627Canadian apparel maker Canada Goose Holdings Inc (NYSE: GOOS) reported Thursday morning with fiscal third-quarter results that prompted a sell-off in the stock despite a beat-and-raise print. Here's how the Street reacted. The Analysts TD Securities' Meaghen Annett maintains a...
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Wells Fargo: Weak Guidance Reignites Fossil Group Bear Case
Thursday, February 14, 2019 - 3:18pm | 417Fossil Group Inc (NASDAQ: FOSL) shares were sinking Thursday, one day after the watchmaker reported a fourth-quarter earnings miss and weak first-quarter sales guidance. Fossil guided to Q1 sales falling 16-22 percent year-over-year and a loss of $18 to $30 million. The Analyst ...
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Wells Fargo Downgrades Canada Goose, Risk-Reward Profile Isn't As 'Compelling' As It Is Used To Be
Thursday, January 24, 2019 - 11:13am | 379The bullish case for Canada Goose Holdings Inc (NYSE: GOOS), a Canada-based maker of apparel and accessories for cold weather, is "not as compelling as it once was," according to Wells Fargo. The Analyst Wells Fargo's Ike Boruchow downgraded Canada Goose from Outperform to Market...
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Wells Fargo On Tapestry: Weakness Offers Attractive Entry Point
Thursday, December 13, 2018 - 2:15pm | 344Tapestry Inc (NYSE: TPR) shares are down 34 percent since mid-August versus 7 percent decline in the S&P 500. This has resulted in an attractive valuation, given the company’s momentum and visible catalysts, according to Wells Fargo. The Analyst Wells Fargo’s Ike Boruchow maintains...
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Analysts Stay Neutral On Stitch Fix, Investors Pullback After Q1 Print
Tuesday, December 11, 2018 - 12:11pm | 583Apparel subscription service Stitch Fix Inc. (NASDAQ: SFIX) reported above-consensus fiscal first-quarter results Monday that were at the high end of the company's guidance. Notably, revenue increased 24 percent year-over-year to $336 million and active clients grew 22.3 percent...
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Should Investors Buy The Dip In Ulta Beauty? The Street Debates
Friday, December 7, 2018 - 2:20pm | 592Retailer Ulta Beauty Inc (NASDAQ: ULTA) reported an earnings beat in its third-quarter results, while sales fell inline with expectations but management's outlook for the holiday quarter fell short of the Street's estimates. Here is a summary of how some of the Street's top analysts...
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PVH Corp Analysts: Tommy Hilfiger Is Hot, Calvin Klein Is Not
Sunday, December 2, 2018 - 6:21pm | 439PVH Corp (NYSE: PVH) recently passed a 52-week low immediately following its third-quarter report, which showed an earnings beat but sales miss. Wells Fargo: 'The Story Doesn't Appear To Be Unraveling' Gross margin weakness at Calvin Klein was largely responsible for the difficult...
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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...