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9% Downside Seen In L Brands As New Merchandise Struggles To Gain Fans
Thursday, October 26, 2017 - 11:41am | 425Buckingham Research downgraded shares of L Brands Inc (NYSE: LB) from Buy to Neutral and lowered its price target from $43 to $40, with the revised target representing roughly 9-percent downside from current levels. The rationale for the action? The firm said its near-term concern is based on...
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RH's Blowout Quarter Makes Believers Out Of Some, But Not All
Thursday, September 7, 2017 - 9:32am | 383Chalk up a victory for the RH (NYSE: RH) bulls. One of the most heavily shorted stocks in the market, RH, reported better-than-expected second-quarter results Wednesday afternoon, sending shares soaring more than 30 percent in Thursday’s premarket session. The blowout quarter even got Wall...
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Pleasing Performance, Encouraging Execution From Five Below In Q2
Thursday, August 31, 2017 - 10:27am | 586Five Below Inc (NASDAQ: FIVE)'s second-quarter earnings report Wednesday resulted in the stock losing around 3 percent by Thursday morning, but some Wall Street analysts continue to appreciate the bullish long-term outlook. Loop Capital: 'Very Pleased' Investors should be "very pleased" with Five...
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Ollie's Bargain Outlet Shares Aren't Cheap After Q2 Beat
Wednesday, August 30, 2017 - 10:39am | 363Consumers can find plenty of bargains at Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI), but the same can't be said for investors, Buckingham Research Group's Kelly Halsor said in reaction to the company's second-quarter earnings report. The company earned 27 cents per share in...
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Margin Pressure Casts Shadow On Williams-Sonoma Q2 Beat
Thursday, August 24, 2017 - 12:09pm | 563While investors appear to be satisfied with Williams-Sonoma, Inc. (NYSE: WSM)'s earnings report based on the stock's move higher Thursday some analysts aren't convinced that the report was good enough to declare the stock a Buy. Credit Suisse: Margins Under Pressure Expectations heading into the...
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L Brands Is A 'Show Me' Story Now
Friday, August 18, 2017 - 10:16am | 463Shares of L Brands Inc (NYSE: LB) dipped lower Thursday in reaction to its earnings report and the stock continues to flirt with its multi-year low of $35.00 per share. But some analysts continue to expect the bullish story to play out in the bottom half of 2017. Buckingham Research Group's...
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Wayfair Excels By Any Measure After 'Blowout' Q2
Tuesday, August 8, 2017 - 9:01am | 358Thanks to a “blowout” second quarter, an analyst reiterated a Buy rating for Wayfair Inc (NYSE: W) after the household goods e-commerce company beat both top- and bottom-line expectations with revenue growth of 46 percent. Wayfair had $1.1 billion in revenues for the quarter, beating...
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Ulta's Q1 Was A Real Beauty
Friday, May 26, 2017 - 1:34pm | 339While Ulta Beauty Inc (NASDAQ: ULTA) seems unaffected by retail’s poor landscape, Buckingham research analyst Kelly Halsor lowered his rating to Neutral and raised the price target to $330. The leading beauty-product retailer reported very strong earnings on Thursday as they continue to...
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Ulta Beauty Still Has Room To Run After Another Stellar Quarter
Friday, May 26, 2017 - 10:21am | 406Reviewing the first-quarter results reported by Ulta Beauty Inc (NASDAQ: ULTA), Buckingham Research Group termed the quarter as stellar and raised the price target on the shares of the company, suggesting the stock still has room to run. At the same time, the firm downgraded the shares, as it...
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The Gap's October Sales Improve As The Weather Cools
Tuesday, November 8, 2016 - 2:03pm | 305Shares of Gap Inc (NYSE: GPS) were trading lower by nearly 2 percent Tuesday even though the company reported better-than-expected comps for the month of October along with an updated guidance. Following the company's sales data, Kelly Halsor of Buckingham Research reiterated a Neutral...
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How Each Of The Gap's Brands Contributed To Its Weak Comps
Friday, October 7, 2016 - 3:18pm | 344Following the release of the September sales results, Buckingham Research Group reiterated its Neutral rating and $23 price target on the shares of Gap Inc (NYSE: GPS). The firm noted that sales fell 2 percent in September on a 3 percent drop in same-store sales, worse than the 2 percent drop the...
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Buckingham Believes Restoration Hardware's Margins Have Bottomed, Upgrades
Friday, October 7, 2016 - 1:49pm | 386The Buckingham Research Group sees recovery in fiscal year 2017 for Restoration Hardware Holdings Inc (NYSE: RH) citing bottoming out of margins and lower risk of EPS. However, the firm continued to remain cautious about the decelerating trends in the current year's second half, blaming it on the...
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Analysts At Buckingham Raise Price Target On The Gap, Still Neutral On Shares
Wednesday, July 13, 2016 - 7:55am | 305Gap Inc (NYSE: GPS) delivered a comp beat in June, despite its promotions remaining consistent month/month, Buckingham’s Kelly Halsor said in a report. She reiterated a Neutral rating on the company, while raising the price target from $18 to $21. Improved June Comps Gap’s total...
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Gap Is Still Hooked To Mall Traffic Headwinds
Friday, June 3, 2016 - 4:23pm | 284Gap Inc (NYSE: GPS) is still hooked to mall traffic headwinds in May though sales for the month was better than feared, according to the Buckingham analyst Kelly Halsor. However, the traffic was in-line with overall mall traffic. The analyst reiterated his Neutral rating and $18 price target,...
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Buckingham Pounds Table On Wayfair, Initiates At Buy With 28% Upside
Monday, April 11, 2016 - 11:47am | 241Wayfair Inc. (NYSE: W) reported $800M in revenues for FY15 and more than 4M in new active customers. Buckingham’s Kelly Halsor initiated coverage of the company with a Buy rating and a price target of $52. While the overall industry is growing at 2.5 percent per annum, industry sales of...