Consumer Discretionary

Gap(NYSE:GPS) Q4 2022 Net sales of $4.24 billion, down 6% year-over-year

/ / Consumer Discretionary /

March 9, 2023 — Gap Inc. (NYSE: GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its fourth quarter and fiscal year ended January 28, 2023. Gap Inc. (NYSE: GPS) reported a fiscal Q4 net loss  of $0.75 per diluted share,  Analysts polled by Capital IQ forecast a per-share loss of $0.48. Net sales for the quarter ended Jan. 28 were $4.24 billion,  Analysts surveyed by Capital IQ projected $4.37 billion. The retailer’s comparable sales were down 5% in fiscal Q4. Analysts polled by Capital IQ called for a decrease of 2.9%. Gap said it estimates fiscal Q1 sales to decrease in the mid-single digit range compared to last year’s sales of $3.5 billion. Analysts polled by Capital IQ are looking for $3.51 billion. The company also expects fiscal 2023 sales to

Gap(NYSE:GPS) Q4 2022 Net sales of $4.24 billion, down 6% year-over-year Read Post »

Tigress Financial raised McDonald’s (NYSE:MCD) price target to $330 from $320

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Tigress Financial analyst Ivan Feinseth will raise his price target on McDonald’s (NYSE:MCD) to $330 from $320 and maintain a buy rating on the stock, which analysts see further upside given that the company’s “Accelerating the Arches” growth strategy will continue to drive further growth. Tigress said McDonald’s resilient business model will continue to drive the company “strong performance across all economic cycles,” noting that its price target plus dividend represents a potential total return of more than 25 percent at current levels.

Tigress Financial raised McDonald’s (NYSE:MCD) price target to $330 from $320 Read Post »

Jefferies: Reiterating Lululemon’s (NASDAQ:LULU) Underperforming Rating with a $200 price target

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Jefferies analyst Randal Konik said recent trends in web access and search interest suggest a potential slowdown in Lululemon’s (NASDAQ:LULU) business. Internet visits rose about 33 percent year-over-year in February but fell about 22 percent month-on-month, marking the third straight month of growth deceleration, analysts said. Jefferies reiterated its underperform rating and $200 price target for Lululemon stock.

Jefferies: Reiterating Lululemon’s (NASDAQ:LULU) Underperforming Rating with a $200 price target Read Post »

Berenberg raised Tesla (NASDAQ:TSLA) target price from $200 to $210

/ / Consumer Discretionary /

Berenberg analyst Adrian Yanoshik said in a research report that he downgraded Tesla (NASDAQ:TSLA) from “buy” to “hold” and raised its target price from $200 to $210. The analyst noted that Tesla’s new factory’s advantages in terms of capital and labor efficiency provide the company with years of growth opportunities, and that its “false fear of price wars” seems to have been accepted by the market. Adrian now sees less upside for Tesla’s share price, further noting that Tesla’s entry into smaller segment car product pricing will present a huge sales growth opportunity for the company, but that growth may take time. The analyst said that “Tesla’s valuation now has less room for disappointment.”

Berenberg raised Tesla (NASDAQ:TSLA) target price from $200 to $210 Read Post »

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