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June 25, 2014
13:24 EDTPLCE, ZU, CRIzulily rallies after Goldman ups rating to Buy
Shares of Internet-based retailer zulily (ZU), which focuses on children's apparel, are climbing after Goldman Sachs upgraded the stock in a note to investors earlier today. WHAT'S NEW: zulily is poised to generate $1B of sales this year, its fifth year in business, making it only the third retailer to reach the sales milestone that quickly, after Gap's (GPS) Old Navy and (AMZN), Goldman Sachs analyst Taposh Bari wrote in a note to investors. zulily is likely to grow faster than the overall industry, as its multiple initiatives should enable it to attract more customers than expected into 2015, the analyst wrote. Additionally, the stock has reached an attractive entry point following its recent pullback, Bari stated. Furthermore, the company will start offering other types of products such as women's apparel and toys, the analyst believes. He upgraded the stock to Buy from Neutral and raised his price target on the shares to $50 from $47. WHAT'S NOTABLE: Although zulily has "agile merchandising" and a strong presence on the mobile Internet, the company also has relatively limited products and "lagging" delivery times, Bari reported. As a result, the threat posed by zulily to traditional children's retailers is somewhat limited, according to the analyst. The retailers best suited to fend off the threat posed by zulily are those with valuable brands, a strong online presence, and "appropriate" retail distribution systems, Bari believes. Carter's (CRI) meets all of these criteria and is a "winner," partly because of its national wholesale operation and thriving online business, according to Bari. Conversely, Children's Place (PLCE) is in a more vulnerable position, since it has similar products to those offered by zulily, along with deteriorating profit margin trends and expensive stores in malls, Bari stated. He kept a Buy rating on Carter's and a Sell rating on Children's Place. PRICE ACTION: In mid-afternoon trading, zulily jumped 10% to $40, while Carter's was flat at $69.50 and Children's Place fell 1% to $50.
News For ZU;PLCE;CRI From The Last 14 Days
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August 3, 2015
06:49 EDTCRICarter's shares are oversold, says Piper Jaffray
Piper Jaffray analyst Stephanie Wissink says shares of Carter's are oversold and should be bought at current levels. Wissink views the company's growth story as above-average and keeps an Overweight rating on the name with a $116 price target.
July 29, 2015
15:46 EDTCRICarter's price target raised to $120 from $110 at BofA/Merrill
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10:07 EDTCRIHigh option volume stocks:
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06:25 EDTCRICarter's sees FY15 adjusted EPS to increase 12%-15%, consensus $4.56
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06:25 EDTCRICarter's sees Q3 adjusted EPS to increase 10%-15%, consensus $1.47
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06:24 EDTCRICarter's reports Q2 Carter's Retail sales up 5.7% to $247M
Reports Q2 Carter's Wholesale sales up 5.8% to $211.7M. Reports Q2 OshKosh Retail sales up 8.8% to $73.5M. Reports OshKosh Wholesale sales up 22.8% to $14.3M. Reports Q2 International sales up 8.4% to $66.3M.
06:23 EDTCRICarter's reports Q2 adjusted EPS 73c, consensus 63c
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July 21, 2015
10:01 EDTZUOn The Fly: Analyst Downgrade Summary
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09:21 EDTZUOn The Fly: Pre-market Movers
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07:46 EDTZUzulily downgraded to Neutral from Buy at Goldman
Goldman downgrade zulily to Neutral and lowered estimates below consensus given difficult comps and vendor checks and third party data that suggests continued softening of demand. The firm maintained its price target of $16 on shares.

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