-
Citi Previews Department Store Q1 Earnings
Friday, May 6, 2016 - 2:02pm | 432Department store names have yet to report quarterly results, but many big names are on deck to report next week. Paul Lejuez of Citi previewed the department store sector in a research note. According to the analyst, major names saw their first quarter starting off strong but ending on a weak note...
-
Citi Says Unclear When Tiffany's Business Will Rebound, Downgrades To Neutral
Tuesday, March 15, 2016 - 8:33am | 296Citi’s Paul Lejuez downgraded the rating on Tiffany & Co. (NYSE: TIF) from Buy to Neutral, while lowering the price target from $86 to $78. Disappointing Holiday Sales Lejuez mentioned that the stock has appreciated 20 percent from its recent lows, and is currently trading at a...
-
Citi Pleasantly Surprised By Michael Kors, Upgrades To Neutral
Wednesday, February 3, 2016 - 9:02am | 241Michael Kors Holdings Ltd (NYSE: KORS) shares jumped 24 percent on February 2. Citi’s Paul Lejuez upgraded the rating for the company to Neutral, while raising the price target to $55. Michael Kors’ performance in Q3 was better than feared, Lejuez stated. See Also: Michael...
-
Macy's Crashed Following Its Troubled Outlook: Are Analysts Bullish?
Thursday, November 12, 2015 - 11:43am | 1102Shares of Macy's, Inc. (NYSE: M) plummeted to new 52-week lows of $39.75 on Wednesday after the company reported a downbeat third quarter and also lowered its full year outlook. Macy's stock hasn't dipped below the $40 per share mark since February 2013. With shares trading...
-
Wells Fargo Analyst: 'No Fatal Flaw' At Tiffany & Co.
Tuesday, January 20, 2015 - 2:56pm | 308Tiffany & Co. (NYSE: TIF) shares are down nearly 15 percent since reporting disappointing holiday sales, but an analyst said Tuesday the company's problems are temporary. Wells Fargo's Paul Lejuez said sales were hurt by a higher dollar's affect on U.S. tourism as well as an ill...
-
Wells Fargo Upgrades Lululemon: 'Moving Past The Distractions'
Tuesday, December 9, 2014 - 11:19am | 209Paul Lejuez of Wells Fargo upgraded shares of Lululemon (NASDAQ: LULU) on Tuesday to Outperform from Market Perform with a valuation range raised to $50 to $54 from a previous $38 to $42. “Over the year, we have always viewed Lululemon as an attractive square foot growth story, but product/sourcing...
-
Wells Fargo: J.C. Penney Successor 'Not A Proven Apparel CEO'
Tuesday, October 14, 2014 - 1:40pm | 289J C Penney Company Inc (NYSE: JCP) announced on Monday that Marvin Ellison, a top-ranked executive with Home Depot will replace Mike Ullman as J.C. Penney's new CEO. Brian Sozzi of Belus Capital Advisors noted that the appointment was a positive for J.C. Penney. In an e-mail to clients...
-
Analysts See Q3 Margin Pressure At The Gap Inc.
Friday, September 5, 2014 - 3:47pm | 235The Gap Inc. (NYSE: GPS) is likely to face margin pressure in the current quarter as it moves to clear excess inventory, a couple of analysts said Friday. Gap shares fell more than four percent Friday after the company posted a two percent decline for August same-store sales, versus...
-
Wells Fargo: Michael Kors Holdings Ltd Investor Exit Could Cut Conflict Of Interest
Friday, September 5, 2014 - 2:12pm | 299Michael Kors Holdings Ltd (NYSE: KORS) getting dumped by two founding investors could be a sign of a slowdown. But it also may provide critical independence in acquiring control of Kors-branded stores in China. The apparel retailer said Thursday that Lawrence Stroll and Silas Chou's...
-
Jim Cramer Sends J.C. Penney Up, Wells Fargo Knocks It Down
Tuesday, May 20, 2014 - 11:22am | 359Shares of J.C. Penney (NYSE: JCP) are on track to continue the third straight day of losses after a Wells Fargo downgrade. This comes in spite of Jim Cramer's endorsement on Mad Money. Drops on the previous two days were the result of profit taking and a financing update. Monday night, Jim...
-
Retailers And Weather: Who Survived The Brutal Start To 2014?
Wednesday, March 12, 2014 - 3:30pm | 1104The Johnson Redbook Retail Sales Index on March 4 concluded that national chain-store sales fell 1.3 percent in February from the comparable period in January. The 1.3 percent decrease was steeper than the one percent decline analysts were expecting. The index also showed that seasonally adjusted...
-
UPDATE: Wells Fargo Upgrades Macy's, States 'They Won the Battle of the Mid-tier Department Stores'
Tuesday, March 11, 2014 - 4:07pm | 212In a note released Tuesday, Wells Fargo analyst Paul Lejuez upgraded Macy's (NYSE: M) from Market Perform to Outperform and raised the valuation range from $54-58 to $66-70. Looking at the results from this holiday season, Lejuez sees Macy's +2.3 percent comp store sales as "solid." Lejuez...
-
Wells Fargo Securities Says J.C. Penney Company's "Simple" Stack Analysis Could be Misleading
Wednesday, December 4, 2013 - 12:32pm | 156In a report published Wednesday, Wells Fargo Securities analyst Paul Lejuez reiterated an Underperform rating on J.C. Penney Company (NYSE: JCP). In the report, Wells Fargo Securities noted, “JCP indicated November comps were +10.1% (and mgmt indicated Black Friday weekend was consistent with the...
-
UPDATE: Wells Fargo Securities Downgrades Michael Kors Holdings Ltd. on Balanced Risk-Reward
Tuesday, October 29, 2013 - 11:28am | 136In a report published Tuesday, Wells Fargo Securities analyst Paul Lejuez downgraded the rating on Michael Kors Holdings Ltd. (NYSE: KORS) from Outperform to Market Perform. In the report, Wells Fargo Securities noted, “We are downgrading the stock from Outperform to Market Perform as the stock is...
-
Wells Fargo Reiterates Neutral Rating on Urban Outfitters on Reduced Q3 2013 Comp Estimate
Monday, October 14, 2013 - 11:27am | 118In a report published Monday, Wells Fargo Securities analyst Paul Lejuez reiterated a Neutral rating on Urban Outfitters (NASDAQ: URBN). In the report, Wells Fargo Securities noted, “We are reducing our Q3 2013 comp estimate from +7-8% to +5-6% and our EPS estimate from $0.49 to $0.46. Our FY2013E...