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The Zacks Analyst Blog Highlights: Levi Strauss, Boot Barn, Tilly's and Torrid Holdings
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For Immediate Release
Chicago, IL – November 4, 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: Levi Strauss & Co. (LEVI - Free Report) , Boot Barn Holdings, Inc. (BOOT - Free Report) , Tilly's, Inc. (TLYS - Free Report) and Torrid Holdings Inc. (CURV - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
4 Apparel Stocks Set to Dazzle This Earnings Season
The holiday season is around the corner and predictions are that travel and vacationing will see a massive jump. This would lead to a rise in holiday retail sales. Given that vacationing will be back after 2019, apparel sales are likely to get a boost.
Apparel sales are on the rise with the economy reopening. People have started socializing following the massive vaccination drive. The holiday season will thus drive the market further as people will buy new clothes for gifting and personal use.
November to Be Big for Apparel Market
A study by Rakuten Intelligence predicts that apparel sales are likely to jump 30% year over year in the fourth quarter. This will mainly be because people will tend to spend more on winter and fall apparel.
Of the three months, November is projected to witness maximum sales. Sales will be driven mainly by e-commerce.
A separate report from NPD Group predicts a surge in apparel sales during the holiday season. Per the report, 61% of the respondents said they need a wardrobe revamp as their clothes are worn out. This will lead them to shop more.
The survey also found out that men are purchasing t-shirts and stand-alone items faster rate and sales are up 47% year over year. Shapewear for women has been one of the best-selling categories this year. The categories are likely to change as people start holidaying.
Apparel Market on Growth Track
People didn’t buy clothes for the purpose of vacationing last year, and so far this year, they have been buying clothes for home. According to the NPD Group, the apparel market is on track to surpass the pre-pandemic sales level of 2019 this year. Apparels have generated $13.3 million more in sales in the first eight months this year than the same period in 2019.
According to a new report from Retail Dive, spending on apparel by consumers between 57 and 75 years grew 28% from the first half of 2019. The report further says that this year baby boomers are likely to drive sales.
Interestingly, the recent gains came despite a surge in cases of the Delta variant. This means that people are more confident now to step outside their home, party and holiday after taking the COVID-19 vaccine.
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 8.2% over the past 60 days. Levi Strauss carries a Zacks Rank #2.
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company's products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewelry and accessories.
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 36% over the past 60 days. Boot Barn Holdings carries a Zacks Rank #1.
Tilly's is a specialty retailer in the action sports industry selling clothing, shoes and accessories. The company distributes t-shirts, sweatshirts, jackets, shorts, pants, jeans, sweaters, swimwear, shoes and accessories for men, women and kids through its website.
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 22.3% over the past 60 days. Tilly's sports a Zacks Rank #1.
Torrid Holdings is a direct-to-consumer brand of apparel, intimates and accessories in North America. It offers products across a broad assortment which includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories.
The company’s expected earnings growth rate for next year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 44.8% over the past 60 days. Torrid sports a Zacks Rank #1.
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: Levi Strauss, Boot Barn, Tilly's and Torrid Holdings
For Immediate Release
Chicago, IL – November 4, 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: Levi Strauss & Co. (LEVI - Free Report) , Boot Barn Holdings, Inc. (BOOT - Free Report) , Tilly's, Inc. (TLYS - Free Report) and Torrid Holdings Inc. (CURV - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
4 Apparel Stocks Set to Dazzle This Earnings Season
The holiday season is around the corner and predictions are that travel and vacationing will see a massive jump. This would lead to a rise in holiday retail sales. Given that vacationing will be back after 2019, apparel sales are likely to get a boost.
Apparel sales are on the rise with the economy reopening. People have started socializing following the massive vaccination drive. The holiday season will thus drive the market further as people will buy new clothes for gifting and personal use.
November to Be Big for Apparel Market
A study by Rakuten Intelligence predicts that apparel sales are likely to jump 30% year over year in the fourth quarter. This will mainly be because people will tend to spend more on winter and fall apparel.
Of the three months, November is projected to witness maximum sales. Sales will be driven mainly by e-commerce.
A separate report from NPD Group predicts a surge in apparel sales during the holiday season. Per the report, 61% of the respondents said they need a wardrobe revamp as their clothes are worn out. This will lead them to shop more.
The survey also found out that men are purchasing t-shirts and stand-alone items faster rate and sales are up 47% year over year. Shapewear for women has been one of the best-selling categories this year. The categories are likely to change as people start holidaying.
Apparel Market on Growth Track
People didn’t buy clothes for the purpose of vacationing last year, and so far this year, they have been buying clothes for home. According to the NPD Group, the apparel market is on track to surpass the pre-pandemic sales level of 2019 this year. Apparels have generated $13.3 million more in sales in the first eight months this year than the same period in 2019.
According to a new report from Retail Dive, spending on apparel by consumers between 57 and 75 years grew 28% from the first half of 2019. The report further says that this year baby boomers are likely to drive sales.
Interestingly, the recent gains came despite a surge in cases of the Delta variant. This means that people are more confident now to step outside their home, party and holiday after taking the COVID-19 vaccine.
Our Choices
Given this scenario, it would be prudent to invest in these four apparel stocks. Each of the stocks carries a Zacks Rank #1 (Strong Buy) or 2 (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 8.2% over the past 60 days. Levi Strauss carries a Zacks Rank #2.
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company's products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewelry and accessories.
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 36% over the past 60 days. Boot Barn Holdings carries a Zacks Rank #1.
Tilly's is a specialty retailer in the action sports industry selling clothing, shoes and accessories. The company distributes t-shirts, sweatshirts, jackets, shorts, pants, jeans, sweaters, swimwear, shoes and accessories for men, women and kids through its website.
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 22.3% over the past 60 days. Tilly's sports a Zacks Rank #1.
Torrid Holdings is a direct-to-consumer brand of apparel, intimates and accessories in North America. It offers products across a broad assortment which includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories.
The company’s expected earnings growth rate for next year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 44.8% over the past 60 days. Torrid sports a Zacks Rank #1.
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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.