Nomura Securities on Retailing/Specialty Stores: April Sales Review - M & AEO Top Picks
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Price: $18.35 -2.03%
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
9 Buy, 17 Hold, 5 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Nomura Securities on Retailing/Specialty Stores: April Sales Review
Analyst, Paul Lejuez, said, "April was certainly weaker than the last couple of months from a top-line perspective, in part due to weather and the earlier Easter. Still, no company in our coverage group missed earnings for 1Q. Macy's (NYSE: M) & American Eagle (NYSE: AEO) remain our top picks."
AĆ©ropostale (NYSE: ARO) (Neutral): 2012E/2013E EPS from $1.22/$1.59 to $1.42/$1.71; PT from $18 to $20 (~5x F13E EBITDA)
The Gap (NYSE: GPS) (Neutral): 2012E/2013E EPS from $2.06/$2.34 to $2.15/$2.40; PT from $22 to $25 (~5x F13E EBITDA)
Limited (NYSE: LTD) (Buy): 2012E/2013E EPS from $2.96/$3.37 to $3.01/$3.46; PT from $50 to $55 (8.5x F13E EBITDA)
Ross Stores (Nasdaq: ROST) (Buy): 2012E/2013E EPS remain $3.51/$3.98
TJ Cos (NYSE: TJX) (Buy): 2012E/2013E EPS from $2.49/$2.77 to $2.50/$2.77
Wet Seal (Nasdaq: WTSLA) (Neutral): 2012E/2013E EPS from $0.15/$0.16 to $0.11/$0.13
Analyst, Paul Lejuez, said, "April was certainly weaker than the last couple of months from a top-line perspective, in part due to weather and the earlier Easter. Still, no company in our coverage group missed earnings for 1Q. Macy's (NYSE: M) & American Eagle (NYSE: AEO) remain our top picks."
AĆ©ropostale (NYSE: ARO) (Neutral): 2012E/2013E EPS from $1.22/$1.59 to $1.42/$1.71; PT from $18 to $20 (~5x F13E EBITDA)
The Gap (NYSE: GPS) (Neutral): 2012E/2013E EPS from $2.06/$2.34 to $2.15/$2.40; PT from $22 to $25 (~5x F13E EBITDA)
Limited (NYSE: LTD) (Buy): 2012E/2013E EPS from $2.96/$3.37 to $3.01/$3.46; PT from $50 to $55 (8.5x F13E EBITDA)
Ross Stores (Nasdaq: ROST) (Buy): 2012E/2013E EPS remain $3.51/$3.98
TJ Cos (NYSE: TJX) (Buy): 2012E/2013E EPS from $2.49/$2.77 to $2.50/$2.77
Wet Seal (Nasdaq: WTSLA) (Neutral): 2012E/2013E EPS from $0.15/$0.16 to $0.11/$0.13
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