-
3 Retail Ideas For 2019's Back-To-School Season
Monday, August 12, 2019 - 4:18pm | 777Parents stocking up on back-to-school items might also want to pick up a few back-to-school stocks. Bank of America Merrill Lynch on Monday had an upbeat take on three retailers where parents are likely to be looking for start-of-school buys. Five Below Inc (NASDAQ: FIVE) As a discount...
-
BofA Skeptical Of Chico's Turnaround Prospects, Cuts Estimates After Q1 Report
Wednesday, June 12, 2019 - 10:11am | 401Chico's FAS, Inc. (NYSE: CHS) reported disappointing first-quarter comps due to softness at its White House Black Market division and lowered its full-year guidance. Ongoing issues at WHBM cast doubt on the retailer's turnaround, according to Bank of America Merrill Lynch. The...
-
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...
-
L Brands Analysts Review Q1 Print; Wells Fargo Says Bath And Body Works 'One Of The Brightest Spots In Retail'
Thursday, May 23, 2019 - 5:01pm | 559Embattled L Brands Inc (NYSE: LB) is having a good week: shares of the retailer were up 12.84 percent at the close Thursday after the company reported a first-quarter sales beat the day before. Victoria’s Secret continues to be a drag on L Brands results, with same store sales down 5...
-
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...
-
JC Penney's Return To Sales Growth Remains Unclear
Wednesday, May 22, 2019 - 12:51pm | 515Shares of J C Penney Company Inc (NYSE: JCP) continued to slump Wednesday after reporting bigger losses than expected and projecting more losses for the rest of the year, keeping sell-side analysts bearish on its prospects, with one analyst even suggesting the shopping mall mainstay is a candidate...
-
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...
-
Analysts Find No Frays In Tapestry's Quarter
Friday, May 10, 2019 - 1:39pm | 709Tapestry Inc (NYSE: TPR) recorded mixed third-quarter earnings with a 42-cent bottom-line exceeding 41-cent estimates and $1.33 billion in revenue falling short of $1.34 billion forecasts. Analysts were generally bullish on the report. “[The] results reflect the favorable impact of go-forward...
-
Morgan Stanley, BofA Continue To Recommend Ross Stores
Wednesday, March 6, 2019 - 4:18pm | 536Off-price retailer Ross Stores, Inc. (NASDAQ: ROST) reported Tuesday fourth-quarter results which came in better-than-expected on the top-and-bottom line and ended the full year beating its own comp and earnings guidance. The Analysts Morgan Stanley's Kimberly Greenberger maintains an...
-
Analysts Cheer Old Navy Split, But Gap Still Has Some Work To Do
Friday, March 1, 2019 - 4:00pm | 782Shares of Gap Inc. (NYSE: GPS) surged 20 percent after it announced it will spin off its best performing brand, Old Navy, to shareholders in 2020, leading a few Wall Street analysts to boost their price estimates for the stock. Gap also announced a major restructuring plan that will see the closure...
-
Nordstrom's Q4 Keeps KeyBanc On The Sidelines And Bank Of America Bearish
Friday, March 1, 2019 - 11:30am | 584High-end fashion retailer Nordstrom, Inc. (NYSE: JWN) reported fourth-quarter results Thursday that were mixed and fell short of convincing two Street analysts to turn bullish on the stock. The Analyst Bank of America Merrill Lynch's Lorraine Hutchinson maintains an Underperform...
-
Even After Earnings Beat, Analysts Aren't Buying Macy's
Wednesday, February 27, 2019 - 1:02pm | 531Shares of Macy’s Inc (NYSE: M) traded higher this week after the company reported better-than-expected holiday-quarter sales and earnings. Macy’s also announced a plan to cut costs by $100 million, including eliminating 100 management jobs. Unfortunately for investors, despite closing...
-
Nordstrom Issues Weak Holiday Sales Report: The Sell-Side Reacts
Wednesday, January 16, 2019 - 1:04pm | 639High-end fashion retailer Nordstrom, Inc. (NYSE: JWN) cautioned investors Wednesday that sales at its flagship stores fell "below expectations" during the holiday season, necessitating increased promotions to work through excess inventory. The Analysts UBS' Jay Sole...
-
Rough Diamond: Analysts React To Tiffany's Mixed Q3 Print
Thursday, November 29, 2018 - 11:13am | 558Tiffany & Co. (NYSE: TIF) shares fell roughly 12 percent Wednesday to their lowest level in roughly eight months. This dip follows the luxury retailer's report of in-line third-quarter EPS and a sales miss. The Analysts KeyBanc Capital Markets analyst Edward Yruma reiterated...
-
The Street Remains Mixed On Urban Outfitters
Tuesday, November 20, 2018 - 2:11pm | 731Urban Outfitters, Inc. (NASDAQ: URBN), the parent company of Anthropologie, BHLDN, Free People, Terrain and the namesake Urban Outfitters, on Monday reported a top- and bottom-line beat in its third-quarter earnings. Here is a summary of how some of the Street's top analysts reacted to the...