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Nordstrom Shares Take Dive, 5 Analysts Blame 'Cautious Consumer' For 2024 Outlook
Wednesday, March 6, 2024 - 12:34pm | 611Shares of Nordstrom Inc (NYSE: JWN) tanked in early trading on Wednesday, even after the company reported upbeat fourth-quarter sales and earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Telsey Advisory Group analyst Dana Telsey...
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4 Reasons Why This Ralph Lauren Analyst Is Bullish: 'Lower Cotton, Freight Expenses'
Monday, September 18, 2023 - 11:45am | 297Shares of Ralph Lauren Corp (NYSE: RL) Monday continued their upward trajectory, after the spike on Friday last week. The company added around 1.3 million new consumers every quarter to its DTC channel over the past couple of years and the rapid growth continues, according to Guggenheim. The Ralph...
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5 Lululemon Analysts Praise Apparel Maker's Q2 Print, Outlook: 'Momentum Across The Board'
Friday, September 1, 2023 - 11:15am | 595Shares of Lululemon Athletica Inc (NASDAQ: LULU) spiked in early trading on Friday, after the Vancouver, Canada-based company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Telsey Advisory Group...
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7 Lululemon Athletica Analysts On Q4 Print: 'Demand For LULU's Merchandise Remains Healthy And Strong,' But There May Be A Headwind
Wednesday, March 29, 2023 - 11:57am | 774Shares of Lululemon Athletica Inc (NASDAQ: LULU) made big moves in early trading on Wednesday. The company reported fourth-quarter revenue of $2.77 billion, up 30% year-over-year and higher than Street expectations of $2.70 billion. Lululemon’s adjusted earnings of $4.40 per share also topped...
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Why 5 Target Analysts Are Maintaining Ratings Following Q4 Results
Wednesday, March 1, 2023 - 12:42pm | 581Shares of Target Corporation (NYSE: TGT) declined sharply in early trading on Wednesday, despite the company reporting an earnings beat for its fourth quarter. KeyBanc Capital Markets On Target Analyst Bradley Thomas maintained an Overweight rating and price target of $180. Although the fourth-...
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9 Nike Analysts On Q2 Earnings Beat, Improving Inventory Trends, China: 'Decidedly Upbeat'
Wednesday, December 21, 2022 - 12:58pm | 898Nike Inc (NYSE: NKE) shares rallied Wednesday morning after the company reported shrinking margins but said inventory levels have improved slightly on a quarterly basis. Nike reported fiscal second-quarter adjusted EPS of 85 cents on revenue of $13.32 billion. Both numbers missed consensus analyst...
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Why These 3 Foot Locker Analysts Are More Excited About New CEO Than Q2 Results
Monday, August 22, 2022 - 10:32am | 547Shares of Foot Locker, Inc. (NYSE: FL) climbed on Friday, after the company reported better-than-expected earnings for the second quarter and announced that former CEO of Ulta Beauty Inc (NASDAQ: ULTA) Mary N. Dillon will replace its current CEO, effective September 1, 2022. Guggenheim Securities...
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5 Kohl's Analysts On Bloated Inventory, Guidance Cut: 'Fundamentals Are Likely To Get Worse'
Friday, August 19, 2022 - 4:37pm | 550Kohl's Corporation (NYSE: KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth. On Thursday, Kohl's reported second-quarter adjusted EPS of $1.11 on $4.09 billion. Both numbers exceeded consensus analyst estimates of $1.30...
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Nike To Report Q1 Results After Kaepernick Ad Launch: A Sell-Side Preview
Monday, September 24, 2018 - 11:42am | 818All eyes are on Nike Inc (NYSE: NKE) sales heading into its first-quarter earnings report Wednesday, Sept. 25, the first since the company launched its "Just Do It" campaign featuring Colin Kaepernick. Here's what analysts are saying ahead of the print. Baird Stays...
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Nomura Previews Costco Q3: Can Retailer Trump Deflationary Trends?
Wednesday, May 25, 2016 - 3:05pm | 349Discount retailer Costco Wholesale Corporation (NASDAQ: COST) is set to report strong numbers when it announces its third-quarter results after the bell on May 25. Nomura analyst Robert Drbul sees sales to increase 3.9 percent to $26.5 billion, including a 1.0 percent rise in total comps, while the...
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Nomura Previews Tiffany's Q1 Earnings: 'The Value Shines Through'
Tuesday, May 24, 2016 - 10:47am | 328Nomura expects above-consensus earnings from Tiffany & Co. (NYSE: TIF) when the jewelry maker reports its first-quarter results on May 25. Q1 Expectations Nomura sees first quarter EPS of $0.70, $0.02 above consensus and expects worldwide comps in the quarter to decline 5 percent (CC),...
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Off-Price Sector Of Retail Positioned 'Very Well' Heading Into 2016
Wednesday, February 17, 2016 - 8:30am | 216Shares of both TJX Companies Inc (NYSE: TJX) and Ross Stores, Inc. (NASDAQ: ROST) have gained about 5 percent since January 19. Nomura’s Robert Drbul stated that the off-price sector of America’s retailing / broadlines & department stores remains well positioned heading into...
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Nomura Loves Amazon $5 Billion Buyback, Sees $750 Share Price
Thursday, February 11, 2016 - 10:48am | 163Nomura's Robert Drbul maintained a Buy rating on Amazon.com, Inc. (NASDAQ: AMZN), with a price target of $750, while mentioning that the recent pullback in the stock offers a buying opportunity. After market close on February 10, the company announced that its board had authorized the repurchase of...
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Nomura Highlights Top Picks For 2016: Amazon, TJX, Nike, Coach
Thursday, December 10, 2015 - 11:08am | 599According to Robert Drbul of Nomura, the consumer is in a "better position to spend." Drbul added low gas and oil prices will also leave consumers with ‘extra cash to spend' and the low-income consumer should "continue to benefit." The analyst named Amazon....
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Nomura Upgrades JC Penney, Sees Profitability In '17
Thursday, December 10, 2015 - 10:55am | 340The share price of J C Penney Company Inc (NYSE: JCP) has appreciated 15.28 percent year-to-date, although the stock has seen its fair share of ups and downs through the year. Nomura’s Robert Drbul has upgraded the rating on the company from Reduce to Neutral, while raising the price target...