Robert Way Hermes (OTCPK:HESAF) (OTCPK:HESAY) released its first-quarter sales figures, which once again handily beat expectations. As the company continues to gravitate above the rest of the industry, it appears Hermes can shrug off any macroeconomic concern or a luxury slowdown. Let’s dive into Hermes’ counter-positioning and show where consensus estimates have it wrong. Introduction…
lechatnoir Nordstrom, Inc. (NYSE:JWN) expects to open 22 new stores in 2024, may continue benefiting from online store growth and e-commerce, and reports $438 million available to acquire shares. These factors and the current valuation of 5x-6x EBITDA are good reasons to buy JWN. There are some risks because the total amount of debt is…
CreativaStudio In March, I wrote an article on Arhaus, Inc. (NASDAQ:ARHS), a lifestyle brand and omnichannel retailer of premium artisan-crafted home furnishings. I argued that Arhaus had a strong competitive advantage, a loyal customer base, and a solid growth strategy and was undervalued at its previous stock price. Since then, the stock has seen a…
Katrina Wittkamp/DigitalVision via Getty Images Investment action I recommended a hold rating for Burlington Stores (NYSE:BURL) when I wrote about it the last time, as I did not see any positive catalysts that would drive multiples upward. My expectation was that the stock price would stay rangebound. The stock clearly did not stay rangebound, as…
The collaboration between Affirm and Walmart is expected to increase the purchasing power during the end-of-year festive season as more shoppers can pay over time. Affirm Holdings Inc (NASDAQ: AFRM), an American financial technology company that offers buy now pay later (BNPL) services for online and in-store purchases, has announced a strategic partnership with Walmart…
While Wallet of Satoshi has exited the US market for now, the company expressed hope for a potential return. Wallet of Satoshi (WoS), a popular Bitcoin (BTC) Lightning payments app, has mysteriously disappeared from both Apple Inc‘s (NASDAQ: AAPL) App Store and Google’s Play Store in the United States. This development comes at a time…
ablokhin Quick, name a company that rallied 14% in 2022 and is up 21% YTD 2023. Is it Apple Inc. (AAPL)? Is it Microsoft Corp (MSFT)? No, it’s actually the convenience store operator, Casey’s General Stores, Inc. (NASDAQ:CASY) (Figure 1). Figure 1 – Casey’s has outperformed AAPL and MSFT since end of 2021 (Seeking Alpha)…
Katrina Wittkamp Investment action Based on my current outlook and analysis of Burlington Stores (NYSE:BURL) 2Q23 earnings, I recommend a hold rating. I expect the stock price to be rangebound in the near term, as I do not see any positive catalysts that will drive the valuation multiple upwards. BURL needs to show the market…
Burlington Stores, Inc. (NYSE:BURL) Q2 2023 Results Conference Call August 24, 2023 8:30 AM ET Company Participants David Glick – Group Senior Vice President, Investor Relations and Treasurer Michael O’Sullivan – Chief Executive Officer Kristin Wolfe – EVP and Chief Financial Officer Conference Call Participants Matthew Boss – JPMorgan Irwin Boruchow – Wells Fargo Lorraine…
Wolterk Investment thesis Our current investment thesis is: Ross Stores is a highly attractive business, owing to its consistently strong distributions, earnings growth, and scope for strong future returns through strong financials. Underpinning this is a quality commercial profile. The business has two strong brands, a broad variety of desirable products, healthy store growth, and…