UBS on Retail: July Sales Review - Adjusting Estimates on ARO, AEO, GPS, LTD, ROST, TJX
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Price: $44.89 --0%
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 10
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 10
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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
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
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