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Credit Suisse Previews Lululemon Q1 Earnings, Calls Top Line An 'Incremental Risk'
Wednesday, June 1, 2016 - 3:17pm | 336Read More...Credit Suisse says Lululemon Athletica inc. (NASDAQ: LULU) continues to be well set up for an earnings turnaround as suggested by the brokerage's analysis of pricing, inventory, and brand sentiment data. Lululemon is set to report its first quarter results on June 8 and Credit Suisse...
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Under Armour's Lowered Guidance Is 'Appropriate'
Wednesday, June 1, 2016 - 7:56am | 248Read More...Under Armour Inc (NYSE: UA) has revised its FY16 outlook to reflect the impact of The Sports Authority’s [TSA] bankruptcy and liquidation. Credit Suisse’s Christian Buss reiterated a Neutral rating for Under Armour, while reducing the price target from $38 to $35. The analyst...
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Credit Suisse Warns: Deckers Outdoor 'Still Struggling To Deliver Earnings Momentum'
Friday, May 27, 2016 - 9:17am | 475Read More...Credit Suisse is skeptical on Deckers Outdoor Corp (NYSE: DECK), saying the company's sales and earnings momentum are not sustainable. The apparel and footwear retailer's fourth-quarter earnings and sales of $0.11 and $378.6 million topped the Street view of $0.06 and $362 million, respectively. A...
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Credit Suisse Stays Underperform On Gap As Spring Sales Fail To Blossom
Tuesday, May 10, 2016 - 4:13pm | 361Read More...Credit Suisse maintains its Underperform rating on Gap Inc (NYSE: GPS), saying structural challenges continue to offset any product and design enhancement. The retailer, which was expecting the Spring collection to boost the results, reported 7 percent fall in April comps down versus CS expectation...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Read More...Nike Inc (NYSE: NKE) reported Q4 EPS of $0.55, topping consensus expectations of $0.49. The company also reported Q4 revenue of $8.0 billion, slightly below consensus expectations of $8.2 billion. Nike shares are down about 4.5 percent in early Wednesday trading, but the revenue miss didn...
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L Brands Shares Downgraded To Neutral At Credit Suisse
Thursday, March 17, 2016 - 11:19am | 145Read More...Credit Suisse’s Christian Buss downgraded the rating for L Brands Inc (NYSE: LB) from Outperform to Neutral, while reducing the price target from $103 to $90. He mentioned that plans to grow square footage added risk against the backdrop of the structural ecommerce shift. “We are...
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Bears Accumulating At DSW: Credit Suisse Follows Goldman Sachs With Sell
Friday, March 4, 2016 - 10:18am | 211Read More...Credit Suisse's Christian Buss downgraded the rating for DSW Inc. (NYSE: DSW) from Outperform to Neutral, with a price target of $26. The downgrade comes two days after Goldman Sachs cuts its rating on DSW from Neutral to Sell. Analyst Christian Buss mentioned that the recent comp challenges facing...
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Kate Spade: Best House In A Worsening Neighborhood
Tuesday, February 23, 2016 - 11:38am | 293Read More...Credit Suisse’s Christian Buss mentioned that an analysis of consumer posts across more than 200 million Internet pages highlighted a decline in the number of handbag conversations from the peak levels witnessed in the first half of 2015. This could signal “category maturity within...
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Credit Suisse's Top 10 Consumer Discretionary Stocks: J M Smucker Out, Kellogg In
Tuesday, December 8, 2015 - 9:46am | 772Read More...The consumer discretionary sector has been one of the market’s brightest sectors in 2015, and the Consumer Discretionary SPDR (ETF) (NYSE: XLY) has gained 11.5 percent versus the S&P 500’s 0.7 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have...
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Credit Suisse Defends Lululemon, Sees $64 Per Share Price
Tuesday, December 1, 2015 - 11:50am | 335Read More...The share price of Lululemon Athletica inc. (NASDAQ: LULU) has declined 23.55 percent over the past three months, with the shares trading close to their 52-week low on November 17. Christian Buss of Credit Suisse has reiterated an Outperform rating and price target of $64 on the company....
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Urban Outfitters Bought A Pizza Company... And Reported Q3 Results: Here Are How Experts Reacted
Tuesday, November 17, 2015 - 11:21am | 1111Read More...Shares of Urban Outfitters, Inc. (NASDAQ: URBN) lost more than 7 percent on Monday after the company announced it acquired The Vetri group of restaurants. The specialty teen retailer noted that "spending on casual dining is expanding rapidly." Analysts were mostly negative on...
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lululemon Investors Cheer Credit Suisse Upgrade To Outperform
Friday, October 16, 2015 - 7:43am | 376Read More...Lululemon Athletica inc. (NASDAQ: LULU) shares are down 17 percent since July 16, having plunged from above $65 to below $55 in September. Credit Suisse’s Christian Buss upgraded the rating on the company from Neutral to Outperform, while raising the price target from $57 to $64....
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Credit Suisse's Top 10 Consumer Discretionary Stocks: J M Smucker In, Mondelez Out
Wednesday, October 7, 2015 - 7:05am | 626Read More...The Consumer Discretionary sector has been one of the market’s brightest sectors in 2015, and the Consumer Discretionary Select Sector SPDR ETF (NYSE: XLY) has gained 5.7 percent versus the S&P 500’s 3.8 percent decline year-to-date. For the first time in two months, Credit Suisse...
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Lululemon Recapturing Customers; Other Issues Persist
Friday, September 11, 2015 - 3:51pm | 401Read More...Credit Suisse reiterated a Neutral rating on Lululemon Athletica inc. (NASDAQ: LULU) following its latest earnings report Shares are up 1.4 percent on Friday trading. While revenue and comps accelerated, other metrics still provide reasons to be concerned. In a report issued Thursday, Credit...
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Revised Marketing Strategy Hurts Comps At Five Below
Thursday, September 3, 2015 - 7:26am | 327Read More...Five Below Inc (NASDAQ: FIVE) shares are down 6 percent year-to-date, after hitting a peak of $43.62 on January 8. Credit Suisse’s Christian Buss maintained an Outperform rating on the company, while reducing the price target from $40 to $39. Five Below’s Q2 comps missed...
