For Immediate Release
Chicago, IL – June 14, 2013 – Today, Zacks Investment Ideas feature highlights Features: Oxford Industries (OXM-Free Report), GIII Apparel Group (GIII-Free Report) and V. F. Corporation (VFC-Free Report).
Buy Your Favorite Brands with These 3 Stocks
These famous brands are owned by 3 "secret" companies you probably haven't heard of. Even better, these companies also own, in some cases, multiple famous brands.
It also just so happens that all 3 of these companies are expected to have double digit earnings growth this year. Two out of the three are also Zacks Rank Buy stocks.
It may take some extra sleuthing to uncover the companies that own these brands, but with these solid fundamentals and growth projections, it's well worth the extra effort.
If your favorite brand also has great fundamentals, why not "buy what you know"?
Oxford Industries operates 121 Tommy Bahama stores, including 15 restaurant-retail locations, Lilly Pulitzer with 21 retail stores, and the brands Ben Sherman, Oxford Golf, Arnold Brant and Billy London.
On June 11, Oxford beat the Zacks Consensus for the fiscal first quarter by 5%. It saw strength in both Tommy Bahama and Lilly Pulitzer as Tommy saw 10% same store sales growth. It opened its first two Tommy Bahama stores in Japan in the quarter, which is part of its broader strategy to expand in Asia.
Forward P/E = 20.6
Fiscal 2013 expected earnings growth: 19%
Zacks Rank #2 (Buy)
GIII-Apparel can trace its history all the way back to 1956 in New York's Garment District. Today, the company has a portfolio of 30 licensed brands where it markets apparel, outerwear, beachwear, luggage, women's handbags, small leather goods and accessories.
But it also owns several retail brands outright including Wilson's Leather and Vilebrequin, which it just acquired. Vilebrequin, founded in 1971 in Saint-Tropez, is a luxury men's and boy's luxury swimsuit retailer with stores in prestige locations such as Beverly Hills, Paris, and Cartagena. GIII will be rolling out women's swimsuits this summer which the analysts believe will significantly add to the bottom line.
Forward P/E = 14.6
Fiscal 2013 expected earnings growth: 13.6%
Zacks Rank #2 (Buy)
V. F. Corporation has to be one of the least known companies with famous brands out there. Yet, it is one of the largest apparel retailers in the world. In addition to North Face and Timberland, it also owns Wrangler, Vans, Lee and premium jeans maker 7 For All Mankind and athletic clothing maker lucy, to name just a few.
On June 11, the company released its 5-year revenue and EPS targets. It is projecting compounding annual growth of 10% through 2017. Its top brands are forecast to continue with their double digit revenue gains. North Face is expected to grow at 12% annually. Vans is expected to see 13% to 15% growth and Timberland is expected to do 10%.
Forward P/E = 17.4
Fiscal 2013 expected earnings growth: 12.8%
Zacks Rank #3 (Hold)
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Get the full Report on OXM - FREE
Get the full Report on GIII - FREE
Get the full Report on VFC - FREE
Follow us on Twitter: https://twitter.com/ZacksResearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
More From Zacks.com