New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
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 Amazon.com (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
Check below for free stories on ZU;PLCE;CRI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 24, 2014
06:23 EDTCRICarter's raises FY14 EPS growth to 14%-16% from 12%-15%, consensus $3.88
Subscribe for More Information
06:22 EDTCRICarter's sees Q3 adjusted EPS to increase 7%-10%, consensus $1.37
Subscribe for More Information
06:22 EDTCRICarter's reports Q2 Carter's brands domestic sales up 9.5% to $433.7M
Subscribe for More Information
06:22 EDTCRICarter's reports Q2 adjusted EPS 61c, consensus 47c
Reports Q2 EPS 48c; Reports Q2 revenue $574.07M, consensus $574.08M
July 15, 2014
16:23 EDTCRIGlenview Capital Management reports 6.84% passive stake in Carter's
Subscribe for More Information
13:27 EDTZUITG Research continues to expect zulily's Q2 revenues to be above Street
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use