UBS on Retail: July Sales Review - Adjusting Estimates on ARO, AEO, GPS, LTD, ROST, TJX

Article Stock Quotes (8) Comments (0)

UBS on Retail: July Sales Review - Adjusting Estimates

Analyst, Roxanne Meyer, said, "July was a clearance month and not indicative of BTS, but the wide range of results indicates that macro is not driving trends (yet). We think a bottoms-up approach to this group is key. Our top picks focus on retailers where our confidence is highest in management’s ability to execute, or on retailers with emerging product catalysts in 2H, including TJX, ROST, LTD, and AnnTaylor (NYSE: ANN)."

Adult retailers impress; we favor TJX, Ross Stores (Nasdaq: ROST), LTD

Teen: AEO taking share; ARO / Abercrombie & Fitch (NYSE: ANF) missing the mark

Lowering estimates: Aeropostole (NYSE: ARO), Raising estimates: American Eagle (NYSE: AEO), Gap (NYSE: GPS), Limited (NYSE: LTD), Ross Stores (Nasdaq: ROST), TJX Cos (NYSE: TJX), Lowering PT: ARO, Raising PT: GPS

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
• Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines
• UPDATE: Sterne Agee Downgrades Beazer Homes (BZH) to Neutral

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, Retail Sales

Related Entities

UBS

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?