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June 25, 2014
13:24 EDTZU, PLCE, 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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October 28, 2014
11:38 EDTCRIKohl's sinks after profit, sales growth outlook misses expectations
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06:43 EDTCRIKohl's sales update positive for Carter's, says Piper Jaffray
Piper Jaffray views Kohl's (KSS) sales update as favorable for Carter's (CRI) since the retailer highlighted the children's category as having a positive comp trend. Piper estimates Kohl's represents 7%-10% of Carter's wholesale revenue. The firm keeps an Overweight rating on Carter's with a $92 price target.
October 23, 2014
10:42 EDTCRIHigh option volume stocks
High option volume stocks: ALIM ROC CAKE MDXG SMH CFX CRI INFN LTM
06:20 EDTCRICarter's sees FY14 adjusted EPS growth of 14%-16%, consensus $3.91
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06:20 EDTCRICarter's sees Q4 adjusted EPS growth of 20%-25%, consensus $1.32
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06:19 EDTCRICarter's reports Q3 adjusted EPS $1.27, consensus $1.24
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October 21, 2014
11:15 EDTCRIHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
October 17, 2014
10:00 EDTZUOn The Fly: Analyst Initiation Summary
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07:46 EDTZUzulily initiated with a Buy at Canaccord
Target $45.
October 16, 2014
11:36 EDTZUOptions with increasing implied volatility
Options with increasing implied volatility: UVXY NQ PVA SVXY VXX SUNE CIE COV ZU CODE

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