-
2 Analysts Weigh In On Gap's Awful Q1
Friday, May 31, 2019 - 2:27pm | 444Gap Inc (NYSE: GPS) shares are reeling after reporting a first-quarter earnings and sales miss on Thursday. Adjusted EPS came in at 24 cents, missing analyst estimates by 8 cents. Sales of $3.7 billion came in slightly below estimates. Worse Than Expected Bank of America analyst Lorraine Hutchinson...
-
Abercrombie & Fitch In Free Fall After Q1 Print, Bull Analysts Nowhere To Be Seen
Thursday, May 30, 2019 - 3:34pm | 627Shares of Abercrombie & Fitch Co. (NYSE: ANF) have dropped nearly 50 percent over the past month. The retailer reported a first quarter earnings and sales beat Wednesday, but issued weak second-quarter guidance. The stock was down 4.79 percent at the time of publication Thursday. ...
-
2 Analysts React To Kohl's Q1 Earnings Miss
Wednesday, May 22, 2019 - 5:02pm | 400Kohl’s Corporation (NYSE: KSS) shares plummeted Tuesday after reporting a first-quarter earnings miss. A couple of analysts weigh in on what to do with the stock moving forward. Staying Positive “We see good value at current levels—with reset estimates supporting more attractive...
-
Wall Street Reacts To Nordstrom's Disappointing Q1: 'We See The Turnaround As Likely Paused For Now'
Wednesday, May 22, 2019 - 2:35pm | 538Nordstrom, Inc. (NYSE: JWN) are still reeling after the retailer reported a disappointing first-quarter report Tuesday. Here's what the sell-side has to say. Bank Of America Merrill Lynch The company’s sales drop is worse than expected and was exacerbated by execution missteps...
-
Wall Street Analysts Explain The Urban Outfitters Earnings Sell-Off
Wednesday, May 22, 2019 - 11:50am | 592Urban Outfitters, Inc. (NASDAQ: URBN) shares dropped more than 7 percent on Wednesday despite the company beating first-quarter earnings and sales expectations. Urban Outfitters reported first-quarter net income of $32.6 million, or 31 cents per share, a 21 percent drop from a year ago. Analysts...
-
These Analysts Remain Sidelined On Express
Thursday, March 14, 2019 - 3:10pm | 430Express, Inc. (NYSE: EXPR) on Wednesday reported mixed fourth-quarter results and while management's first-quarter guidance came in short of expectations. The Analyst Wedbush's Jen Redding maintains a Neutral rating on Express with a price target lowered from $6 to $5. MKM Partners'...
-
Is Abercrombie & Fitch Back In Fashion With The Street?
Thursday, March 7, 2019 - 1:24pm | 576Abercrombie & Fitch Co. (NYSE: ANF) reported fourth-quarter results that sent the stock soaring on Wednesday. The parent company of Hollister and Abercrombie stores reported a top-and-bottom line beat and better than expected comps. The Analysts Wedbush's Jen Redding maintains a Neutral...
-
American Eagle's Mixed Quarter: Analysts Speak Up
Thursday, March 7, 2019 - 11:21am | 526American Eagle Outfitters (NYSE: AEO) reported better-than-expected fourth-quarter earnings, but the stock fell after fourth-quarter revenue and first-quarter profit guidance missing consensus expectations. Fourth-quarter earnings of 43 cents per share were down 17.3 percent from a year ago,...
-
Wedbush Lowers Children's Place Price Target After Disappointing Results, Guidance
Wednesday, March 6, 2019 - 11:14am | 360Children’s Place Inc (NASDAQ: PLCE) is likely to continue facing marketplace challenges in the near-term, but the future of the company seems brighter, according to Wedbush. The Analyst Wedbush’s Jen Redding maintained an Outperform rating on Children’s Place and reduced the...
-
Wedbush Upgrades Nordstrom, Says 2018 An 'Inflection Point For Profitable Growth'
Tuesday, October 30, 2018 - 3:51pm | 384Nordstrom, Inc. (NYSE: JWN) has been added to Wedbush's Best Ideas list. The Analyst Analyst Jen Redding upgraded Nordstrom from Neutral to Outperform rating and raised the price target from $55 to $75. The Thesis New and unique limited distribution brands, localized market strategies...
-
Lululemon's Recent Pullback Creates Attractive Entry Point, Wedbush Says In Upgrade
Monday, October 15, 2018 - 2:12pm | 386Lululemon Athletica Inc. (NASDAQ: LULU) received a sell-side upgrade Monday after a pullback in shares that Wedbush said is likely due to the market sell-off rather than a shift in company fundamentals. The Analyst Wedbush analyst Jen Redding upgraded Lululemon from ...
-
Wedbush: American Eagle Bull Case Is Priced Into The Stock
Monday, August 27, 2018 - 10:44am | 335With the stock up more than 40 percent since mid-May, Wedbush is dropping its bullish stance on retailer American Eagle Outfitters (NYSE: AEO). The Analyst Wedbush's Jen Redding downgraded American Eagle Outfitters from Outperform to Neutral with an unchanged $29 price target. The...
-
Wedbush Takes Neutral Stance On 4 Major Retailers
Saturday, August 11, 2018 - 2:53pm | 795Wedbush analysts reviewed retailers including The Gap, Inc. (NYSE: GPS), Nordstrom, Inc. (NYSE: JWN), L Brands, Inc. (NYSE: LB) and Kohl’s Corporation (NYSE: KSS). The Analyst Analyst Jen Redding initiated coverage of Gap with a Neutral rating and $32 price target; Nordstrom...
-
Dillard's Is A 'Best Idea' For This Analyst
Wednesday, August 8, 2018 - 3:27pm | 328Department store chain Dillard's, Inc. (NYSE: DDS) is an attractive story which boasts multiple growth strategies that are likely to translate to higher profits over time, according to Wedbush. The Analyst Wedbush's Jen Redding initiated coverage of Dillard's with an Outperform...
-
Wedbush Sees Strong Trends Backing Discount Retail
Friday, June 22, 2018 - 12:55pm | 396Wedbush initiated coverage on three retailers, highlighting strong macro trends and business models that made it difficult for e-commerce rivals to replicate. The Ratings Wedbush analyst Jen Redding initiated coverage of Burlington Stores Inc (NYSE: BURL) at Outperform with a $175 price target....