-
Victoria's Secret Troubles Are Hurting L Brands
Tuesday, November 1, 2016 - 10:20am | 260Read More...Mizuho Securities downgraded L Brands Inc (NYSE: LB) to Neutral from Buy following its third quarter EPS miss and weak outlook, underscoring the severity of challenges facing Victoria’s Secret. The company now anticipates third quarter EPS of $0.40, relative to guidance of $0.40-$0.45 and...
-
Fitbit Is Crashing, But Mizuho Believes Initial Charge 2 Sales Are 'Strong'
Thursday, September 29, 2016 - 2:37pm | 308Read More...Fitbit Inc (NYSE: FIT) is the world's biggest seller of activity trackers. The Fitbit Charge 2 has been called the best fitness tracker ever by Gizmodo, but The Verge said bugs plagued the product. Investors are seemingly concerned with Fitbit's new product sales, with the stock plummeting nearly...
-
Mizuho Cuts Express' Price Target By $7 In 'Tough' Retail Environment
Thursday, May 26, 2016 - 12:25pm | 173Read More...Mizuho Securities' Betty Chen reiterated Express, Inc. (NYSE: EXPR)'s Buy rating and increased the company's price objective from $24.00 to $17.00. The price target change came after Express reported earnings, missing estimates Wednesday. The analyst believed 2QFY16 disappointing guidance "...
-
Guess Shined In Europe, But Hardly Anywhere Else
Thursday, May 26, 2016 - 9:59am | 287Read More...Mizuho’s Betty Chen believes that the Q1 miss reported by Guess?, Inc. (NYSE: GES) and the lowered FY16 guidance “reflects ongoing weakness domestically and slower growth in Asia.” Chen maintained a Neutral rating on the company, while lowering the price target from $19 to $17...
-
Tiffany's Is Executing On Long-Term Strategies
Thursday, May 26, 2016 - 9:48am | 276Read More...Tiffany & Co. (NYSE: TIF) reported a Q1 beat, driven by a lower tax rate, while issuing a cautious guidance for Q2 and FY16. Mizuho’s Betty Chen maintained a Buy rating on the company, while lowering the price target from $80 to $72. “As compares become progressively easier in...
-
Much Ado About Nothing: Under Armour's Concerns Make Reward Attractive, Mizuho Says
Tuesday, April 19, 2016 - 9:52am | 267Read More...Under Armour Inc (NYSE: UA) is scheduled to report its 1Q results on April 21. Mizuho’s Betty Chen maintained a Buy rating for the company, with a price target of $47.50. “Given concerns of excess inventory and slowing trends in women’s and footwear, we see a favorable risk/...
-
Wall Street's Reaction To Gap's Q1 Earnings
Friday, May 22, 2015 - 12:13pm | 506Read More...Gap Inc (NYSE: GPS) reported a decline in its earnings for the first quarter on Thursday. Here is how some of Wall Street's top retail analysts responded. Topeka: Q1 As Expected In a brief note, Dorothy Lakner said Gap's first quarter print came in as expected, with reaffirmed...
-
Lululemon Q4 Preview: Analysts See An Earnings Beat
Wednesday, March 25, 2015 - 10:38am | 515Read More...Lululemon Athletica inc. (NASDAQ: LULU) is scheduled to report its fourth quarter results on Thursday before market open. Analysts are expecting the company to earn $0.73 per share on revenue of $598.82 million. Deutsche Bank: Remain Sidelined In a report published Tuesday, Deutsche Bank...
-
Here's Why Mizuho Downgraded The Gap To Neutral
Tuesday, February 10, 2015 - 10:43am | 184Read More...Betty Chen of Mizuho Securities on Tuesday downgraded shares of The Gap (NYSE: GPS) to Neutral from Buy with a price target lowered to $43 from a previous $45 as 2015 earnings are likely to be impacted by product adjustments, foreign exchange woes and stagnant margins. Chen states that ongoing...
-
Mizuho Upgrades Michael Kors, Suggests Company Had A Strong Holiday Season
Friday, January 23, 2015 - 8:39am | 218Read More...Betty Chen of Mizuho Securities on Friday upgraded Michael Kors Holdings Ltd (NYSE: KORS) to Buy from Neutral with an $82 price target following an internal survey indicating the company had a strong holiday season. According to Chen's survey of more than 400 U.S. consumers, over 43...
-
Mizuho Turns Positive On Kate Spade, Notes Strong Holiday Conversion
Friday, January 23, 2015 - 8:31am | 236Read More...Betty Chen of Mizuho Securities on Friday upgraded shares of Kate Spade & Co (NYSE: KATE) to Buy from Neutral with a price target raised to $33 from a previous $28 following an online survey of more than 400 U.S. consumers. Chen notes that over 48 percent of those surveyed indicated...
-
Analysts Like Gap's Old Navy December Comps
Friday, January 9, 2015 - 12:37pm | 229Read More...Gap Inc (NYSE: GPS) traded lower Friday on disappointing holiday sales, but a couple of analysts were pleased by the company's Old Navy outlets. The apparel retailer said late Thursday that its Gap outlets grew December same-store sales 1 percent, while its Old Navy stores saw increased...
-
Mizuho Securities Sees Positive Holiday Comps for The Gap
Friday, January 9, 2015 - 9:36am | 135Read More...In a report published Friday, Mizuho Securities analyst Betty Chen reiterated a Buy rating and $45.00 price target on Gap Inc (NYSE: GPS). In the report, Mizuho Securities noted, “While investors may be disappointed by the soft sales at GPS, we remain pleased by the flattish trends from BR and the...
-
Mizuho Securities: December Retail Sales Improved As Month Progressed
Monday, January 5, 2015 - 10:45am | 265Read More...Betty Chen of Mizuho Securities commented in a note on Monday that December retail sales likely improved as the month progressed but were still below expectations. “Importantly, traffic remained soft (ShopperTrak reported flattish Super Saturday sales), forcing retailers to dial-up...
-
Analysts Cautious On Lululemon Athletica
Friday, December 12, 2014 - 1:50pm | 258Read More...Lululemon Athletica inc. (NASDAQ: LULU) beat third-quarter expectations by 10 percent recently, but a couple of analysts cautioned against chasing its shares in light of a disappointing outlook. The apparel company is up 43 percent from June lows, and traded recently at $52.65, up 3.3 percent...
