|Bid||26.20 x 900|
|Ask||26.21 x 800|
|Day's Range||25.97 - 26.60|
|52 Week Range||19.63 - 34.24|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||11.46|
|Earnings Date||Mar 02, 2020 - Mar 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.25|
Signet Jewelers, Urban Outfitters, Smile Direct and Align Technology highlighted as Zacks Bull and Bear of the Day
Zumiez (ZUMZ) delivers positive numbers for holiday sales 2019. Also, the company raises its sales and earnings view for fourth-quarter fiscal 2019.
GameStop (GME) dismal holiday season performance compel the video game retailer to revisit fiscal 2019 view. Management now expects fiscal 2019 comparable store sales to decline in the band of 19-21%.
American Eagle (AEO) witnesses strong holiday sales backed by robust growth in AE brand's signature jeans range and solid performance at Aerie.
Urban Outfitters (URBN) registers sales increase across all brands except its flagship brand and cautions about fourth-quarter gross profit margin.
(Bloomberg) -- Urban Outfitters Inc. sank by the most in seven weeks after it reported a disappointing holiday season, the latest clothing seller to miss after similar results Thursday from several other retailers.The company’s fourth-quarter gross margin will be pressured by “increased promotional activity” in apparel at its namesake store, as well as the Anthropologie banner, during the holiday period. “The weaker-than-anticipated margins came as a surprise with the consensus view being that URBN was the ‘best house on a bad block’ this holiday,” Citigroup analyst Paul Lejuez wrote in a note. Urban Outfitters’ update follows similarly disappointing holiday updates from retailers including Kohl’s Corp., J.C. Penney Co. and L Brands Inc.One analyst who called it correctly on Urban Outfitters, however, is Wedbush’s Jen Redding, who cautioned clients earlier this weak about an “incrementally promotional atmosphere around key holiday selling weeks.” Judging by the share-price decline of as much as 7.2% Friday, Citi’s Lejuez appears right about the “consensus” view.Jefferies analyst Janine Stichter wrote that the margin pressure, driven by elevated inventory levels, fashion misses in apparel, and higher deliver expense, was “not entirely unexpected.” She reduced her estimates to below the consensus average recently and noted that the company was at risk of a negative pre-announcement amid a deceleration in the retro brand trend. Still, Stichter maintained her buy rating. “While we expect headwinds to linger near term, we continue to believe in the long-term story, and note that valuation remains inexpensive.”Meanwhile, if Redding’s crystal ball on promotions is that good, investors should watch beaten-down Gap Inc. Her analysis of Wedbush’s proprietary discounts tracker indicated that promotions over the key November and December selling weeks tracked favorably versus last year at the core Gap brand, and Old Navy was “roughly mixed.” Taken together, she believes the data point to above-plan merchandise margin. Redding believes “better-than-expected holiday performance” will drive near-term share-price upside.There is still more ahead in the holiday pre-announcement season. More than 200 consumer-oriented companies are expected to attend the ICR Conference in Orlando, Florida, early next week. Presentations start Monday, and a handful of other retailers are expected to pre-announce results ahead of their appearances. These include American Eagle Outfitters, Abercrombie & Fitch and Lululemon.Here’s some of what we’ve seen already:Urban Outfitters Falls After Holiday Store Sales Slump, Shipping Costs RiseJ.C. Penney Shares Fall After Reporting Holiday Same-Store SalesFoot Locker Checks Point to Holiday Shortfall, Susquehanna SaysSportsman’s Warehouse Cuts 4Q Adj EPS View, Misses Lowest EstimateJCPenney Shares Fall After Reporting Holiday Same-Store SalesL Brands Cuts 4Q EPS ForecastKohl’s Now Sees Year Adj. EPS at Low End of Range; Shares FallChico’s FAS Raises 4Q Outlook, CFO ResignsMacy’s Better-Than-Expected Holiday Sales Boosts Retail NamesPier 1 to Shut 450 Locations, Cut Jobs as 3Q Comp Sales Fall(Updates to reflect regular session trading in the first and third graphs and the chart)To contact the reporter on this story: Janet Freund in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Shares of Urban Outfitters Inc. fell more than 9% in the extended session Thursday after the retailer reported falling holiday sales at its flagship Urban Outfitters stores and warned about weaker margins for some of its brands. Total company sales for the two months ended Dec. 31 rose 2.9% year-on-year, Urban Outfitters said, dubbing its holiday sales a "record." Comparable-retail segment sales rose 3% thanks to growth in online sales, partially offset by negative retail-store sales, the company said. Same-store sales rose for certain brands, but decreased 1% at Urban Outfitters stores. Moreover, the company said Anthropologie and Urban Outfitters businesses in the period were driven in part "by increased promotional activity in apparel, which will put greater pressure on our fourth-quarter gross profit margin than originally anticipated." Urban Outfitters also spent more on delivery and logistics than it had planned, it said. The shares had ended the regular trading day down 2.8%.
PHILADELPHIA, Jan. 09, 2020 -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands.
Kimco's (KIM) sale and agreement to ground lease land to Spirit Airlines solidify Dania Pointe's position in the Greater Fort Lauderdale area.
MKM Partners says this holiday shopping season was probably one of the most promotional since the recession, but Victoria’s Secret was helped by cost savings from canceling the annual fashion show.
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Urban Outfitters (URBN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Amid a challenging retail environment, PREIT's (PEI) strategic efforts like anchor repositioning, redevelopment and re-merchandising initiatives help boost mall traffic during this holiday season.
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