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Zumiez Defies Retail Weakness Story With Q2 Beat
Friday, September 8, 2017 - 12:47pm | 327Zumiez Inc. (NASDAQ: ZUMZ)'s second quarter earnings report was strong enough to warrant an upgrade from Wall Street. B. Riley & Co.'s Jeff Van Sinderen upgraded Zumiez's stock from Neutral to Buy with a price target boosted from $17 to $18 as the fashion retailer proved it's a...
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Zumiez Strong Performance More Than A Passing Fad?
Friday, September 8, 2017 - 9:46am | 272Shares of Zumiez Inc. (NASDAQ: ZUMZ) were higher by around 15 percent Friday morning after the retailer's earnings report impressed investors, but didn't necessarily win over the Street. BMO Capital Markets' John Morris maintains a Market Perform rating on Zumiez's stock with an...
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Shoe Stores Stink: UBS Downgrades Foot Locker, Finish Line
Monday, August 21, 2017 - 11:51am | 425Your athletic shoes might smell after heavy use, but it could be worse: They could stink like apparel and footwear stocks. Analysts at UBS turned bearish on both Foot Locker, Inc. (NYSE: FL) and Finish Line Inc (NASDAQ: FINL) Monday. Foot Locker's worse-than-expected earnings report on Friday...
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Walmart's Q2 Top- And Bottom-Line Beats Not Enough To Boost Shares Higher
Thursday, August 17, 2017 - 8:53am | 465Wal-Mart Stores Inc (NYSE: WMT) reported early Thursday morning top- and bottom-line beats in its second-quarter earnings report but failed to impress investors with its guidance. Shares of Wal-Mart were trading lower by around 2.50 percent after the company said it earned $1.08 per share in...
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Bed Bath & Beyond's Q4 Print Fails To Pull Back The Curtain On Margin Trajectory
Thursday, April 6, 2017 - 11:34am | 340Investors were cheering Bed Bath & Beyond Inc. (NASDAQ: BBBY)'s fourth-quarter earnings report as the stock gained more than 5 percent Thursday. But not everyone on the Street is impressed, including UBS's Michael Lasser who maintains a Neutral rating on the company with an unchanged $41 price...
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Target's Ugly Q4 Has Stock At Lowest Level Since August 2014
Tuesday, February 28, 2017 - 9:00am | 319Shares of Target Corporation (NYSE: TGT) traded lower by around 15 percent ahead of Tuesday's open after the retailing giant reported its fourth quarter results. Analysts were expecting Target to earn $1.51 per share in the quarter on revenue of $20.70 billion; The company reported an earnings...
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Nordstrom Beginning To Take A Hit From Revenue Woes
Monday, October 31, 2016 - 3:30pm | 376Paul Trussell of Deutsche Bank downgraded Nordstrom, Inc. (NYSE: JWN) from Buy to Hold with a price target lowered by $1 to $56. According to Trussell, Nordstrom's stock rewarded timely investors with a 46 percent return since the end of June while simultaneously outperforming its peers....
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Investors May Be Underestimating Macy's Recovery Potential
Monday, October 31, 2016 - 11:49am | 311Macy's Inc (NYSE: M) has lost nearly 30 percent over the past year, but now is a good time to buy, at least according to Paul Trussell of Deutsche Bank. In a report on Monday, Deutsche Bank's retail analyst upgraded Macy's stock to Buy from Hold with a price target raised to $45...
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4 Discount Retailers Reporting Earnings This Week
Monday, August 22, 2016 - 3:28pm | 419Earnings season is coming to a close, and among the last few companies left to report are four discount retailers. Investor expectations could be on the high end following positive results from retailers known for offering low prices versus their peers. For instance, Wal-Mart Stores, Inc. (NYSE:...
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Was Target's Bathroom Boycott An Unexpected Tailwind For Wal-Mart?
Thursday, August 18, 2016 - 2:42pm | 521Target Corporation (NYSE: TGT)'s entry into a hot topic debated among "Main Street" resulted in a boycott against the retailer that may have affected its sales performance. Target took a political stance earlier this year and said that guests and employees are free to choose whichever bathroom...
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Deutsche Bank Lays Out Some Expectations For Perry Ellis' Q2 Results
Wednesday, August 17, 2016 - 3:11pm | 352According to Dave Weiner of Deutsche Bank, Perry Ellis International, Inc. (NASDAQ: PERY) reported first-quarter results that "stood out" as it surpassed expectations. However, several department stores have already reported stronger-than-expected results in the second quarter (scheduled August 18...
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Conn's Plunges 16% Following Top And Bottom Line Miss
Thursday, June 2, 2016 - 9:26am | 434Shares of Conn's Inc (NASDAQ: CONN) were trading lower by more than 16 percent early Thursday morning after the company reported its first quarter results. Conn's said it lost $0.31 per share in the quarter on revenue of $389.1 million. Wall Street analysts were expecting the company to...
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Jefferies' Daniel Binder Discusses His First-Hand Observations At Wal-Mart Stores
Thursday, May 19, 2016 - 12:49pm | 270Jefferies' retail expert Daniel Binder took a unique approach to evaluating Wal-Mart Stores, Inc. (NYSE: WMT) and its stock by visiting stores first hand. Speaking as a guest on CNBC, Binder said the New Jersey market used to contain some "pretty rough stores." However, the...
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Michael Lasser Impressed By Wal-Mart's Q1 Beat, But Isn't Ready To Buy The Stock
Thursday, May 19, 2016 - 12:13pm | 292Wal-Mart Stores, Inc. (NYSE: WMT) impressed investors and traders with its better-than-expected first quarter results. But did the company also impress some of Wall Street's top retailing analysts? Speaking as a guest on CNBC, UBS' Michael Lasser said he was looking for Wal-Mart to...
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Retail Pros Dissect Target's 'Scary' Numbers
Wednesday, May 18, 2016 - 11:43am | 314Target Corporation (NYSE: TGT) reported first quarter results in which the company exceeded Wall Street's expectations in terms of earnings, but fell short on the revenue side. Target also issued a downbeat forecast for its second quarter, which Paul Trussell of Deutsche Bank called "...