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The Zacks Analyst Blog Highlights: L Brands, Levi Strauss, Citi Trends, Conns and WilliamsSonoma
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For Immediate Release
Chicago, IL – April 19, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: L Brands, Inc. , Levi Strauss & Co. (LEVI - Free Report) , Citi Trends, Inc. (CTRN - Free Report) , Conns, Inc. (CONN - Free Report) and WilliamsSonoma, Inc. (WSM - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Retail Sales Jump to 10-Month High: 5 Solid Stocks to Buy
U.S. retail sales jumped in March, the Commerce Department reported on Apr 15, with people spending more freely as the second round of stimulus checks reached millions. This is also the first time that retail sales have increased this year.
The retail sector was left battered and bruised last year after shops had to be closed down for weeks following the COVID-19 outbreak. Things started looking up but the fourth quarter once again saw the retail sector struggling as disposable cash dried up once the stimulus checks got exhausted. Then, inclement weather in February 2021 once again played spoilsport.
Retail Sales Jump in March
The Commerce Department reported on Thursday that retail sales jumped 9.8% month over month in March, after unexpectedly declining in February. This is also the best monthly jump since May 2020, when the first round of stimulus checks started reaching people.
Retail sales had jumped a whopping 18.3% in May 2020. This time too the reason behind the jump wasn’t any different. As the second round of stimulus checks started reaching people, they spent more freely.
Moreover, on a year-over-year basis, retail sales grew 28%. This huge gap was primarily because businesses last year during this time had come to a standstill following the coronavirus-induced lockdown.
Sales Driven by All-round Spending
March’s gains were led by higher spending on sporting goods, clothing, and food and beverage. Sales at restaurants and bars grew 13.4% as restrictions got relaxed and people felt more confident following the rollout of the vaccines. Spending on sporting goods soared 23.5%, apparel and accessories sales gained 18.3%.
Besides, sales at cars and motor vehicle parts dealers grew 15.1% although automakers went for production cuts due to the global semiconductor shortage. Also, gas station receipts jumped 10.9%, indicating that more people traveled.
According to a CNBC report, a recent report from the New York Federal Reserve shows that people are more cautious about spending this time around after receiving the stimulus checks. Last time, the checks got exhausted in the fourth quarter that saw retail sales taking a hit once again.
The report shows that recipients of the stimulus plan to save 41.6% of their total amount and spend 24.7%. Last time, consumers saved 34.5% and spent 29.2%, which indicates that they are spending freely but wisely.
The rise in retail sales comes after consumer confidence raced to a one-year high in March. The consumer confidence index jumped to a reading of 109.7 as stimulus checks started reaching people and the vaccination drive gained pace. Economists believe that the pace of shopping will pick up as the year progresses and more people get vaccinated.
Our Choices
New cases of COVID-19 have somewhat been on the decline and three vaccines are already in the market. This along with the new round of stimulus checks is giving people more confidence to spend. This is thus the right opportunity to invest in retail stocks as the economy too has started to bounce back.
L Brands evolved from an apparel-based specialty retailer to a segment leader focused on women’s intimate and other apparel, personal care, beauty and home fragrance products.
The company’s expected earnings growth rate for next year is 41.3%. The Zacks Consensus Estimate for current-year earnings has improved 43% over the past 60 days. L Brands sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Levi Strauss designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co. and Denizen brands.
The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 5.2% over the past 60 days. Levi Strauss sports a Zacks Rank #1.
Citi Trends is a value-priced retailer of urban fashion apparel and accessories for the entire family.
The company’s expected earnings growth rate for the current year is 26.1%. The Zacks Consensus Estimate for current-year earnings has improved 28.8% over the past 60 days. Citi Trends sports a Zacks Rank #1.
Conns sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products.
The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 25.4% over the past 60 days. The company sports a Zacks Rank #1.
WilliamsSonoma is a multi-channel specialty retailer of premium quality home products. Incorporated in 1973, the company has five brands that are its operating segments.
The company’s expected earnings growth rate for the current year is 4.4%. The Zacks Consensus Estimate for current-year earnings has improved 22.8% over the past 60 days. WilliamsSonoma sports a Zacks Rank #1.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: L Brands, Levi Strauss, Citi Trends, Conns and WilliamsSonoma
For Immediate Release
Chicago, IL – April 19, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: L Brands, Inc. , Levi Strauss & Co. (LEVI - Free Report) , Citi Trends, Inc. (CTRN - Free Report) , Conns, Inc. (CONN - Free Report) and WilliamsSonoma, Inc. (WSM - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Retail Sales Jump to 10-Month High: 5 Solid Stocks to Buy
U.S. retail sales jumped in March, the Commerce Department reported on Apr 15, with people spending more freely as the second round of stimulus checks reached millions. This is also the first time that retail sales have increased this year.
The retail sector was left battered and bruised last year after shops had to be closed down for weeks following the COVID-19 outbreak. Things started looking up but the fourth quarter once again saw the retail sector struggling as disposable cash dried up once the stimulus checks got exhausted. Then, inclement weather in February 2021 once again played spoilsport.
Retail Sales Jump in March
The Commerce Department reported on Thursday that retail sales jumped 9.8% month over month in March, after unexpectedly declining in February. This is also the best monthly jump since May 2020, when the first round of stimulus checks started reaching people.
Retail sales had jumped a whopping 18.3% in May 2020. This time too the reason behind the jump wasn’t any different. As the second round of stimulus checks started reaching people, they spent more freely.
Moreover, on a year-over-year basis, retail sales grew 28%. This huge gap was primarily because businesses last year during this time had come to a standstill following the coronavirus-induced lockdown.
Sales Driven by All-round Spending
March’s gains were led by higher spending on sporting goods, clothing, and food and beverage. Sales at restaurants and bars grew 13.4% as restrictions got relaxed and people felt more confident following the rollout of the vaccines. Spending on sporting goods soared 23.5%, apparel and accessories sales gained 18.3%.
Besides, sales at cars and motor vehicle parts dealers grew 15.1% although automakers went for production cuts due to the global semiconductor shortage. Also, gas station receipts jumped 10.9%, indicating that more people traveled.
According to a CNBC report, a recent report from the New York Federal Reserve shows that people are more cautious about spending this time around after receiving the stimulus checks. Last time, the checks got exhausted in the fourth quarter that saw retail sales taking a hit once again.
The report shows that recipients of the stimulus plan to save 41.6% of their total amount and spend 24.7%. Last time, consumers saved 34.5% and spent 29.2%, which indicates that they are spending freely but wisely.
The rise in retail sales comes after consumer confidence raced to a one-year high in March. The consumer confidence index jumped to a reading of 109.7 as stimulus checks started reaching people and the vaccination drive gained pace. Economists believe that the pace of shopping will pick up as the year progresses and more people get vaccinated.
Our Choices
New cases of COVID-19 have somewhat been on the decline and three vaccines are already in the market. This along with the new round of stimulus checks is giving people more confidence to spend. This is thus the right opportunity to invest in retail stocks as the economy too has started to bounce back.
L Brands evolved from an apparel-based specialty retailer to a segment leader focused on women’s intimate and other apparel, personal care, beauty and home fragrance products.
The company’s expected earnings growth rate for next year is 41.3%. The Zacks Consensus Estimate for current-year earnings has improved 43% over the past 60 days. L Brands sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Levi Strauss designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co. and Denizen brands.
The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 5.2% over the past 60 days. Levi Strauss sports a Zacks Rank #1.
Citi Trends is a value-priced retailer of urban fashion apparel and accessories for the entire family.
The company’s expected earnings growth rate for the current year is 26.1%. The Zacks Consensus Estimate for current-year earnings has improved 28.8% over the past 60 days. Citi Trends sports a Zacks Rank #1.
Conns sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products.
The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 25.4% over the past 60 days. The company sports a Zacks Rank #1.
WilliamsSonoma is a multi-channel specialty retailer of premium quality home products. Incorporated in 1973, the company has five brands that are its operating segments.
The company’s expected earnings growth rate for the current year is 4.4%. The Zacks Consensus Estimate for current-year earnings has improved 22.8% over the past 60 days. WilliamsSonoma sports a Zacks Rank #1.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.