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Price Targets On The Rise After Urban Outfitters' Q3 Beat
Tuesday, November 21, 2017 - 6:08pm | 661Urban Outfitters, Inc. (NASDAQ: URBN) traded up as much as 4 percent Tuesday after analysts touted its third-quarter earnings beat. The retailer posted better-than-expected comps growth; reduced selling, general and administrative expenses; and positive sales trends in all three of its brands for...
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JPMorgan Upgrades Boot Barn, With 45% Upside Expected
Wednesday, November 15, 2017 - 11:33am | 387Macro and micro headwinds facing Boot Barn Holdings Inc (NYSE: BOOT) could turn to tailwinds, according to JP Morgan. The Analyst JP Morgan analyst Matthew Boss upgraded shares of Boot Barn from Neutral to Overweight and increased the price target for the shares from $9 to $17,...
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Out Of Style: Abercrombie & Fitch Gets A Downgrade
Wednesday, November 1, 2017 - 10:26am | 438Analysts at JPMorgan recently met with members of Abercrombie & Fitch Co. (NYSE: ANF)'s executive team, including its CEO Fran Horowitz, which ultimately resulted in a downgrade of the stock. The firm's Matthew Boss downgraded Abercrombie's stock rating from Neutral to Underweight with a price...
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Amazon Can't Win The Battle Against Off-Price Retailers
Monday, September 25, 2017 - 3:11pm | 344Can off-price retailers win the battle against the mighty Amazon.com, Inc. (NASDAQ: AMZN)? Simply put, yes — at least according JPMorgan's Matthew Boss. While it isn't a secret that Amazon is looking to enter the clothing and apparel space, Amazon's strategy is more akin to that of a full-...
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Hurricane Harvey May Have Been A Tailwind For Ross Stores
Monday, September 25, 2017 - 2:30pm | 474This year’s extreme hurricane season proved disruptive to southern brick-and-mortar businesses, damaging some locations and forcing temporary closures of others. With about 7 percent of its stores in Harvey-impacted areas, Ross Stores, Inc. (NASDAQ: ROST) isn’t immune to injury ━ but it...
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Nike Circumvents Adidas Obstacles By Commandeering Its Strategies, But Is It Enough?
Friday, June 16, 2017 - 1:58pm | 428Nike Inc (NYSE: NKE) has publicly addressed its struggles after announcing a “reset” that will see the sportswear giant layoff 2 percent of its workforce. The Adidas Advantage It appears Nike’s strategy is in direct response to adidas AG (ADR) (NYSE: ADDYY). Not only is Adidas...
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TJX Companies' Consistency, Quality Could Translate Into Top-Line Opportunity
Monday, October 10, 2016 - 11:36am | 410JPMorgan believes TJX Companies Inc (NYSE: TJX) enjoys quality and consistency. Therefore, the focus should be on translating them into opportunity. The comments came after an European road-show with the management. The firm did not see any reason to change its Overweight rating nor its price...
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JPMorgan Sets $67 December 2017 Price Target On Nike
Wednesday, June 29, 2016 - 12:03pm | 286JPMorgan reaffirmed its Overweight rating on Nike Inc (NYSE: NKE) and set a December 2017 price target of $67 after the company reported fourth-quarter EPS of $0.49, a penny above the Street's $0.48 estimate, on 6 percent top-line growth. "While Nike sets up near-term as a 2H17"show-me"story, four...
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An Analysis Of Amazon's Overlap With National Dept. Stores
Monday, June 6, 2016 - 1:27pm | 407Any retail investor who fails to see that Amazon.com, Inc. (NASDAQ: AMZN) will continue to take market share in the retail space for years to come is in denial. JPMorgan analyst Matthew Boss recently took a close look at Amazon's overlap with national brands sold at department stores. Boss found...
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JPMorgan Adjusts L Brands Outlook Down Following Earnings, Cuts EPS And PT
Thursday, May 19, 2016 - 5:53pm | 135After the close on Wednesday, L Brands Inc (NYSE: LB) reported Q1 adjusted EPS of $0.59 versus estimates of $0.55. The strength in earnings supports management's view that customers are willing to pay up for compelling products, but remain value oriented. Looking out to Q2 and FY 2016, L...
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JPMorgan Retail Ace On Earnings: Department Stores Are Losing Relevance
Friday, May 13, 2016 - 12:57pm | 252How bad has earnings season been for retailers and department stores? According to JPMorgan's Matthew Boss, the answer is concerning for investors who hold positions in some of names. Speaking to CNBC, Boss said earnings for the group haven't been this bad since the 2008 financial...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Nike 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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How To Get 30% Upside By Investing In Convenience Stores
Tuesday, September 8, 2015 - 12:59pm | 430In a report published Monday, JPMorgan analyst Matthew Boss explored the convenience store sector, noting that low gas prices could prove to be a "potential positive" over time given higher margin in-store merchandising. According to Boss, the sector experienced a 30 percent pullback...
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Why Macy's Must Consider A Sears-Like JV: JPMorgan Explains
Wednesday, May 13, 2015 - 2:30pm | 370Macy's, Inc. (NYSE: M) reported worse-than-expected Q1 results on Wednesday. However, the company increased its dividend by 15 percent and its share buyback program by $1.5 billion. Net income for the quarter came in at $194 million, 14 percent lower than the $224 million it reported for the...
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Will J.C. Penney Recreate Last Quarter's Impressive Results?
Thursday, August 14, 2014 - 2:34pm | 657Shares of J.C. Penney (NYSE: JCP) surged more than 12 percent after the company reported a better-than-expected first quarter result on May 15. J.C. Penney reported a loss of $1.16 per share, while analysts were expecting a steeper loss of $1.26 per share. Revenue improved by 6.1 percent from a...