|Bid||18.40 x 1300|
|Ask||18.41 x 1800|
|Day's Range||17.90 - 18.47|
|52 Week Range||10.23 - 19.48|
|PE Ratio (TTM)||20.19|
|Earnings Date||Mar 8, 2018|
|Forward Dividend & Yield||0.50 (2.87%)|
|1y Target Est||18.76|
Improved economic scenario with a low unemployment rate resulted in sturdiest holiday sales growth since the end of the Great Recession.
Deckers Outdoor (DECK) is targeting profitable and underpenetrated markets, and remains focused on product innovations, store expansion and enhancing e-commerce capabilities.
Best Buy's (BBY) shares touched a 52-week high driven by its robust growth efforts, store-in-a-store concept and Building the New Blue Strategy.
Express (EXPR) has adopted a store rationalization strategy to boost efficiency as well as margins across its entire store base. Express has been considerably trimming the number of its retail store locations and is focusing on its outlet business. Since 2014, the company has adopted the practice of converting certain mall locations with less volume to factory outlet stores.
On January 9, 2018, Express (EXPR) reported that its holiday season sales performance had not been as expected, and subsequently, the company slashed its fiscal 4Q17 outlook, causing the stock to plummet 20%. This low traffic offset the encouraging start witnessed at the beginning of the holiday season (from November to early December).
The Retail-Wholesale sector is bubbling with joy following a splendid holiday season that has turned the tide of the sector, which had been struggling due to soft store traffic and the rise of omni-channel. Clearly, the holiday season this year was witness to the transformation the retail space has undergone, evolving as a segment where buying and selling is now not restricted to stores alone. Notably, we saw majority of retailers coming up with favorable sales and comparable store sales (comps) data for the combined months of November and December, which mainly comprises the holiday season.
Urban Outfitters (URBN) has been flying high on its robust strategies such as new store openings, growing wholesale operations and merchandising initiatives.
Zacks.com highlights: Robert Half International, PetMed Express, Five Below, Patrick Industries and American Eagle Outfitters
Dollar Tree is gaining from its robust surprise trend backed by strong comps growth and improved margins while volatile consumer trend and high global exposure remain concerns.
Dollar General (DG) looks good on its robust strategic endeavors. However, reduction in SNAP benefit remains a major concern.
Gap (GPS) is benefitting from its new growth strategy and improved omni-channel capabilities while currency fluctuations remain a concern.
American Eagle's (AEO) success story is driven by focus on improving product assortments, brand strength, efficient inventory management, e-commerce growth and a spectacular comps performance.
Genesco (GCO) recently released fourth quarter-to-date fiscal 2018 comps, where it recorded growth of 1% including both stores and direct sales. However, it has a dismal surprise history.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 9. Index (PMI) data, output in the Consumer Services sector is rising.
Most of the analysts providing a recommendation on American Eagle Outfitters (AEO) stock have maintained a “hold” rating. Following the company’s holiday comps announcement, Suntrust Robinson has upped the target price for the company to $21 from $19 projected earlier. Several other analysts might also revise their price targets in reaction to the holiday sales news.