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Sears Bankruptcy 'Another Blow' To Apparel Supplier Iconix
Monday, October 15, 2018 - 4:53pm | 559Retailer Sears Holdings Corp (NASDAQ: SHLD), the parent of Sears and Kmart, filed for bankruptcy protection Monday. While the latest development shouldn't come as a shock, it nevertheless has a negative impact on Iconix Brand Group Inc (NASDAQ: ICON), according to Small Cap...
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Duluth Is One Of The Best Unit Growth Stories In Specialty Retail
Wednesday, September 6, 2017 - 10:10am | 366Duluth Holdings Inc (NASDAQ: DLTH)'s second-quarter earnings report prompted analyst at FBR Capital Markets to reiterate a bullish stance on the stock. Analyst Eric Beder maintains a Buy rating on Duluth Holdings' stock with an unchanged $26 price target after the company's earnings not...
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Abercrombie No Longer In Talks For Sale
Monday, July 10, 2017 - 9:02am | 412Abercrombie & Fitch Co. (NYSE: ANF) shares plummeted as much as 16.4 percent in Monday’s premarket trading on news that it had terminated talks for a potential sale. The board announced in a press release that the best conceived way to increase shareholder value is through pursuit of its...
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As Abercrombie & Fitch's Sales Process Progresses, Is It Time To Step To The Sidelines?
Thursday, June 22, 2017 - 11:18am | 498Wunderlich analyst Eric Beder sees Abercrombie & Fitch Co. (NYSE: ANF) as a potential acquisition target, pushing him to raise his rating from Sell to Hold. “Although we believe the company's business model remains broken and the potential for a turn remains limited, in our view, the...
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Use Duluth's Lumpy Near-Term Results To Look For Buying Opportunities
Thursday, June 8, 2017 - 3:01pm | 545Shares of Duluth Holdings Inc (NASDAQ: DLTH) plummeted more than 15 percent on Wednesday and hit a new 52-week low of $16.83 after the company's first-quarter earnings report fell short of expectations and the company's guidance also fell shy of expectations. Despite the notable sell-off, some...
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Tailored Brands Fitting Into A Better Business Model After Mixed Q1
Thursday, June 8, 2017 - 12:59pm | 412Shares of Tailored Brands Inc (NYSE: TLRD), the parent company of Men's Wearhouse and other men's apparel brands, initially traded lower after the company reported its first quarter results. But by Thursday, the stock was trading higher more than 7 percent as some among the Street found the...
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Amid Takeover Reports, Abercrombie & Fitch Flies On Eagle's Wings
Wednesday, May 24, 2017 - 1:41pm | 391Abercrombie & Fitch Co. (NYSE: ANF) soared more than 12 percent Wednesday afternoon on a Dow Jones report that Cerberus Capital Management and American Eagle Outfitters (NYSE: AEO) were collaborating on a joint acquisition and intend to close a deal within a month. None of the involved parties...
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Urban Outfitters, Anthropologie Continue To Struggle
Wednesday, May 17, 2017 - 9:58am | 471Urban Outfitters, Inc. (NASDAQ: URBN)'s first-quarter earnings report sent the stock lower by nearly 3 percent Wednesday. With the stock trading at its lowest level in years, some among Wall Street aren't ready to recommend the stock. Wunderlich's Eric Beder maintained a Hold rating on...
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Why Would Anyone Buy Abercrombie?
Thursday, May 11, 2017 - 3:07pm | 437Abercrombie & Fitch Co. (NYSE: ANF) is up for sale, but Wunderlich Securities can’t figure out why anyone would want to buy the struggling retailer. The iconic teen brand is in preliminary talks for a potential transaction after receiving interest from “several parties.” The...
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Why Coach's $18.50/Share Offer For Kate Spade Is 'Fair'
Monday, May 8, 2017 - 1:47pm | 578After months of speculation, Kate Spade & Co (NYSE: KATE) confirmed Monday it has agreed to sell itself to rival Coach Inc (NYSE: COH) for $18.50 per share. Kate Spade's profile as a potential M&A target dates back to late 2016, when the company faced pressure from an activist investor...
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Why Parting Ways With Macy's Just Gave Tailored Brands A Shot Of Credibility
Thursday, May 4, 2017 - 3:13pm | 365With the recent announcement of leaving a partnership with Macy’s Inc (NYSE: M), Tailored Brands Inc (NYSE: TLRD) may see a step forward in credibility, according to Wunderlich Securities. The tuxedo rental company announced the parting of ways right in the middle of wedding season,...
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Keep The Faith: Analyst Still Believes Kate Spade Sale Will Occur
Wednesday, April 19, 2017 - 10:51am | 403Kate Spade & Co (NYSE: KATE) saw its stock get hit Tuesday after the company disappointed investors with poor sales data for the first quarter. The fashion brand also reaffirmed its commitment to continue evaluating a sale of itself but the language used in a press release gave the impression...
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'The Time Is Coming' For Investors To See A Path To Guess?'s Multiple Expansion
Tuesday, March 28, 2017 - 8:21am | 459Wunderlich’s Eric Beder believes Guess?, Inc. (NYSE: GES) is on “two separate paths, materially reducing the money-losing domestic store footprint while employing capital to drive upside in international markets.” The analyst reiterated a Buy rating on the company, with a price...
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Bagging The Paisleys: Wunderlich's Bullish Thesis On Vera Bradley And PVH
Thursday, March 23, 2017 - 9:36am | 539While challenges for Vera Bradley, Inc. (NASDAQ: VRA) could continue in the near term, the company seems to be taking the necessary steps for a revival in the back half of fiscal-year 2018, Wunderlich’s Eric Beder said in a report. In a separate report, the analyst mentioned that PVH Corp (...
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Guess Investors Are Ignoring The Apparel Company's European, Asian Businesses
Monday, March 13, 2017 - 9:14am | 377Wunderlich's Eric Beder reiterated his Buy rating on Guess?, Inc. (NYSE: GES) shares, which were trading near a 52-week low last week, as he believes the market is ignoring the benefits of the company’s European and Asian businesses. Q4 Expectations Notably, Wunderlich is the only sell-...