Nomura Securities on Retailing/Specialty Stores: Top Picks Remain LTD & AEO
Tweet
Share
E-mailGet Alerts LTD Hot Sheet
Price: $65.09 -0.57%
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Join SI Premium – FREE
Nomura Securities on Retailing/Specialty Stores
Analyst, Paul Lejuez, said, "Based on our channel check as well as updates from recent earnings calls, we believe May performance was mixed. We expect that performance at off-pricers remained strong. We believe May was helped at the women’s retailers and dept stores by the later Mother’s Day (which may have shifted some sales into the month and out of Apr). Teen retailers had fewer traffic driving events in May vs. the prior two months, perhaps causing a lull in sales, though promotions seemed well controlled. Limited (NYSE: LTD) and American Eagle (NYSE: AEO) are our top picks."
Analyst, Paul Lejuez, said, "Based on our channel check as well as updates from recent earnings calls, we believe May performance was mixed. We expect that performance at off-pricers remained strong. We believe May was helped at the women’s retailers and dept stores by the later Mother’s Day (which may have shifted some sales into the month and out of Apr). Teen retailers had fewer traffic driving events in May vs. the prior two months, perhaps causing a lull in sales, though promotions seemed well controlled. Limited (NYSE: LTD) and American Eagle (NYSE: AEO) are our top picks."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Moncler SpA (MONC:IM) (MONRY) PT Raised to EUR69 at RBC Capital
- Cullen/Frost Bankers (CFR) Misses Q1 EPS by 3c
- Silicon Motion Technology (SIMO) Announces CFO Change
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
