-
Oxford Industries Can Still Squeeze Some Growth Out Of Its Largest Brands
Thursday, September 29, 2016 - 3:00pm | 298Read More...CLSA started coverage of Oxford Industries Inc (NYSE: OXM) with an Outperform rating and $78 price target as its underpenetrated brands should drive mid- to high-single-digit EPS growth. Key reasons for the bullish thesis on Oxford include the strong momentum of Lilly Pulitzer that should drive...
-
Here's All Of CLSA's Ratings On Specialty Retail
Thursday, September 29, 2016 - 2:37pm | 576Read More...Initiating coverage on the specialty retail, luxury and apparel sectors, CLSA said it is a dog's fight for dollars, as categories decelerate or shrink, each for different reasons. Consumers Vibrant Analyst Rick Patel noted that the U.S. consumers are alive and kicking, with the jobless rate...
-
Michael Kors Initiated At Sell By CLSA, Sees Lack Of Major Drivers
Thursday, September 29, 2016 - 2:02pm | 361Read More...CLSA initiated coverage of Michael Kors Holdings Ltd (NYSE: KORS) with a Sell rating and price target of $45 as it sees lack of major drivers to boost sales given its biggest markets near maturity. "Estimates and guidance for FY17 (current year) appear achievable, but we think the Street...
-
Carter's Starting To Show Signs Of Structural Issues
Thursday, September 29, 2016 - 1:58pm | 289Read More...CLSA started coverage of Carter's, Inc. (NYSE: CRI) with an Underperform rating and $95 target price, citing signs of emerging structural issues, especially cannibalization and channel conflict. Carter's store productivity took a hit due to e-commerce, which is growing double digits and...
-
Coach's Turnaround Is In The Bag, CLSA Initiates At Buy
Thursday, September 29, 2016 - 12:33pm | 253Read More...CLSA started coverage of Coach Inc (NYSE: COH) with a Buy rating and $45 target price as it sees multiple drivers helping the company achieve its goal of double-digit EPS growth. Analyst Rick Patel sees the positive comp momentum in North America to continue, driven by increases in average...
-
Ralph Lauren's 'Way Forward' Plan Should Yield Way Higher Earnings
Thursday, September 29, 2016 - 12:31pm | 323Read More...Ralph Lauren Corp's (NYSE: RL) "way forward" program should yield strong earnings growth, CLSA analyst Rick Patel said, initiating coverage of the stock with a Buy rating and target price of $125. Patel views Street estimates as "too low" in the out years as the company...
-
Childrens Place Left 'Significant Wiggle Room' On Its Guidance
Tuesday, May 17, 2016 - 4:29pm | 137Read More...Stephens' Rick Patel reiterated The Children’s Place (NASDAQ: PLCE) at Equal-Weight with a price objective of $80.00 after a “sizeable [earnings] beat” Tuesday morning. Children’s Place reported 1QFY16 adjusted EPS of $1.32 vs. Stephen’s estimate of $1.03 and the...
-
Stephens' Channel Checks Show Coach On Pace To Beat Q1, Michael Kors Promos Flat
Monday, April 11, 2016 - 11:04am | 391Read More...Channels checks were most favorable for Coach Inc (NYSE: COH), while suggesting that Michael Kors Holdings Ltd (NYSE: KORS) was unable to pullback on promos. Stephens' Rick Patel remained on the sidelines for both stocks, albeit for different reasons. Coach Analyst Rick Patel maintained...
-
The Story Of Two Bears And A Bull: Abercrombie & Fitch Ahead Of Q2 Results
Monday, August 24, 2015 - 11:15am | 781Read More...Abercrombie & Fitch Co. (NYSE: ANF) is scheduled to report its second-quarter results before Wednesday's market open. The Estimize community (based on 13 estimates) is expecting the company to loss $0.11 per share on revenue of $796.63 million while the Street's consensus estimate is...
-
Stephens Upgrades Tiffany & Co., Analyst Sees 11% Upside
Tuesday, April 15, 2014 - 3:00pm | 158Read More...On Tuesday, Stephens upgraded shares of Tiffany & Co. (NYSE: TIF) from Equal-weight to Overweight and maintained the $95 price target. Analyst Rick Patel believes the recent pullback from the 94.88 high has created “a good buying opportunity for a best-in-class global luxury jeweler with...
