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The Zacks Analyst Blog Highlights: Conn's, Boot Barn Holdings, Shoe Carnival, Urban Outfitters and Fossil Group
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For Immediate Release
Chicago, IL – November 28, 2018 – 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 Conn's, Inc. (CONN - Free Report) , Boot Barn Holdings, Inc. (BOOT - Free Report) , Shoe Carnival, Inc. (SCVL - Free Report) , Urban Outfitters, Inc. (URBN - Free Report) and Fossil Group, Inc. (FOSL - Free Report) .
Holiday Shopping Season Off to a Smashing Start: 5 Winners
Consumers have thronged stores and logged onto online sites for the best bargains from Thanksgiving Day to Cyber Monday. As widely expected, a healthy economic backdrop and a two-decade high consumer confidence have provided the wherewithal for such high spends.
It goes without saying that retailers have started off the 2018 holiday shopping season with a bang, which undoubtedly calls for investing in the space.
Happy Holidays for Retailers?
Black Friday and Thanksgiving Day sales have been massive this year. Mastercard total spend for Black Friday (online and offline) was $23 billion, up nearly 9% from the day after Thanksgiving last year. Mastercard has projected a 5% rise in holiday sales from November 1 through Christmas Eve this year compared to last year.
Mastercard senior advisor Steve Sadove agreed that “both online and in-store sales are tracking very well.” Brian Field, senior director of global retail consulting for ShopperTrak, added that “the fact that the shopper visits remained almost the same this year compared to the last three years proves that the notion of Black Friday not being popular anymore is a myth and that retailers are in for a successful holiday season.”
Adobe Analytics that predominantly tracks digital sales further said that online purchases on Black Friday climbed 24% to $6.2 billion compared to last year. In fact, many shopped on their smartphones on Thanksgiving.
Online sales during Thanksgiving were $3.7 billion, up 28% from a year ago. This marked the fastest growing online sales in history on Thanksgiving Day, added Adobe. The Thanksgiving Day also turned out to be the first day in 2018 to see $1 billion in sales on smartphones. Notably, Kohl's Corporation (KSS) had said that it had a record day for digital sales on Thanksgiving, while Walmart Inc. (WMT) and Target Corporation (TGT) acknowledged strong online traffic.
Nonetheless, Customer Growth Partners summed up by saying that the overall four-day Black Friday weekend sales totaled a whopping $60 billion. While consumer electronics and appliance sales jumped 6.4%, apparel sales climbed 5.4% — the best since 2011.
Cyber Monday Sales on Pace to Hit a Record High
Internet sales, by the way, were on pace to hit $7.8 billion by the end of Cyber Monday (Nov 26), marking the largest online shopping day on record, per Adobe. In fact, Adobe added that online sales are likely to touch a staggering $124.1 billion this holiday shopping season.
Deloitte strengthened the spirit by announcing that e-commerce sales are projected to increase 17% to 22% compared with last years’ holiday season, which came in at $109.9 billion. Notably, most of the purchases are widely expected to be made via mobile devices, according to market-watcher App Annie.
The top online products included Little Live Pets in toys, Nintendo Switch in video games and Roku in streaming devices, with Cyber Monday offering massive discounts on toys.
Catalysts Behind the Rise in Spending
The strong holiday sales are being fueled by a healthy economy and high levels of consumer confidence. The U.S. economy got a boost in the third quarter, with GDP increasing at an annualized pace of 3.5%, per the U.S. Commerce Department. In fact, the country’s total output of goods and services followed an even stronger 4.2% growth in the second quarter.
The U.S. economy, thus, in the last two quarters recorded the fastest six-month growth in four years and is on track to hit the Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession.
At the same time, consumers in America are currently most confident in almost two decades, courtesy of a healthy labor market. The consumer confidence index climbed to 137.9 last month from 135.3 in September, per the Conference Board, a business research organization (read more: Consumer Confidence Leaps to 18-Year High: 5 Big Gainers).
5 Top Retailers to Buy Now
With the holiday shopping season getting off to a hot start, retailers are undoubtedly set to witness a strong year-end rally. Hence, it will be prudent to invest in five of the best retail stocks for handsome returns. The stocks also have a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. Currently, the company has a Zacks Rank #1. In the last 60 days, one earnings estimate moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 1.7% in the same period. The stock’s estimated growth rate for the current year is 157.9% versus the Retail - Consumer Electronics industry’s projected rally of 8.6%.
Boot Barn Holdings, Inc. offers western and work-related footwear, apparel, and accessories for men, women, and kids. The company presently has a Zacks Rank #1. In the last 60 days, six earnings estimates moved up, while none moved down for the current year. The Zacks Consensus Estimate for earnings has risen 8.7% in the same period. The stock’s estimated growth rate for the current year is 78.6% versus the Retail - Apparel and Shoes industry’s estimated rise of 12.4%.
Shoe Carnival, Inc. operates as a family footwear retailer in the United States. Currently, the company has a Zacks Rank #1. In the last 60 days, one earnings estimate moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 10.2% in the same period. The stock’s estimated growth rate for the current year is 59.7% versus the Retail - Apparel and Shoes industry’s projected rally of 12.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Urban Outfitters, Inc. retails women's and men's fashion apparel, active wear, intimates, footwear, accessories, home goods, electronics, and beauty products. Currently, the company has a Zacks Rank #2. In the last 60 days, 11 earnings estimates moved north, while one moved south for the current year. The Zacks Consensus Estimate for earnings has climbed 1.9% in the same period. The stock’s estimated growth rate for the current year is 62.9% versus the Retail - Apparel and Shoes industry’s expected rally of 12.4%.
Fossil Group, Inc. designs, develops, markets, and distributes consumer fashion accessories. Currently, the company has a Zacks Rank #1. In the last 60 days, two earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 32.1% in the same period. The stock’s projected growth rate for the current year is more than 100% versus the Retail - Apparel and Shoes industry’s estimated growth of 12.4%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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: Conn's, Boot Barn Holdings, Shoe Carnival, Urban Outfitters and Fossil Group
For Immediate Release
Chicago, IL – November 28, 2018 – 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 Conn's, Inc. (CONN - Free Report) , Boot Barn Holdings, Inc. (BOOT - Free Report) , Shoe Carnival, Inc. (SCVL - Free Report) , Urban Outfitters, Inc. (URBN - Free Report) and Fossil Group, Inc. (FOSL - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
Holiday Shopping Season Off to a Smashing Start: 5 Winners
Consumers have thronged stores and logged onto online sites for the best bargains from Thanksgiving Day to Cyber Monday. As widely expected, a healthy economic backdrop and a two-decade high consumer confidence have provided the wherewithal for such high spends.
It goes without saying that retailers have started off the 2018 holiday shopping season with a bang, which undoubtedly calls for investing in the space.
Happy Holidays for Retailers?
Black Friday and Thanksgiving Day sales have been massive this year. Mastercard total spend for Black Friday (online and offline) was $23 billion, up nearly 9% from the day after Thanksgiving last year. Mastercard has projected a 5% rise in holiday sales from November 1 through Christmas Eve this year compared to last year.
Mastercard senior advisor Steve Sadove agreed that “both online and in-store sales are tracking very well.” Brian Field, senior director of global retail consulting for ShopperTrak, added that “the fact that the shopper visits remained almost the same this year compared to the last three years proves that the notion of Black Friday not being popular anymore is a myth and that retailers are in for a successful holiday season.”
Adobe Analytics that predominantly tracks digital sales further said that online purchases on Black Friday climbed 24% to $6.2 billion compared to last year. In fact, many shopped on their smartphones on Thanksgiving.
Online sales during Thanksgiving were $3.7 billion, up 28% from a year ago. This marked the fastest growing online sales in history on Thanksgiving Day, added Adobe. The Thanksgiving Day also turned out to be the first day in 2018 to see $1 billion in sales on smartphones. Notably, Kohl's Corporation (KSS) had said that it had a record day for digital sales on Thanksgiving, while Walmart Inc. (WMT) and Target Corporation (TGT) acknowledged strong online traffic.
Nonetheless, Customer Growth Partners summed up by saying that the overall four-day Black Friday weekend sales totaled a whopping $60 billion. While consumer electronics and appliance sales jumped 6.4%, apparel sales climbed 5.4% — the best since 2011.
Cyber Monday Sales on Pace to Hit a Record High
Internet sales, by the way, were on pace to hit $7.8 billion by the end of Cyber Monday (Nov 26), marking the largest online shopping day on record, per Adobe. In fact, Adobe added that online sales are likely to touch a staggering $124.1 billion this holiday shopping season.
Deloitte strengthened the spirit by announcing that e-commerce sales are projected to increase 17% to 22% compared with last years’ holiday season, which came in at $109.9 billion. Notably, most of the purchases are widely expected to be made via mobile devices, according to market-watcher App Annie.
The top online products included Little Live Pets in toys, Nintendo Switch in video games and Roku in streaming devices, with Cyber Monday offering massive discounts on toys.
Catalysts Behind the Rise in Spending
The strong holiday sales are being fueled by a healthy economy and high levels of consumer confidence. The U.S. economy got a boost in the third quarter, with GDP increasing at an annualized pace of 3.5%, per the U.S. Commerce Department. In fact, the country’s total output of goods and services followed an even stronger 4.2% growth in the second quarter.
The U.S. economy, thus, in the last two quarters recorded the fastest six-month growth in four years and is on track to hit the Trump administration's annual growth target of 3%. If that happens, it would be the best yearly performance since 2005, two years before the Great Recession.
At the same time, consumers in America are currently most confident in almost two decades, courtesy of a healthy labor market. The consumer confidence index climbed to 137.9 last month from 135.3 in September, per the Conference Board, a business research organization (read more: Consumer Confidence Leaps to 18-Year High: 5 Big Gainers).
5 Top Retailers to Buy Now
With the holiday shopping season getting off to a hot start, retailers are undoubtedly set to witness a strong year-end rally. Hence, it will be prudent to invest in five of the best retail stocks for handsome returns. The stocks also have a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. Currently, the company has a Zacks Rank #1. In the last 60 days, one earnings estimate moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 1.7% in the same period. The stock’s estimated growth rate for the current year is 157.9% versus the Retail - Consumer Electronics industry’s projected rally of 8.6%.
Boot Barn Holdings, Inc. offers western and work-related footwear, apparel, and accessories for men, women, and kids. The company presently has a Zacks Rank #1. In the last 60 days, six earnings estimates moved up, while none moved down for the current year. The Zacks Consensus Estimate for earnings has risen 8.7% in the same period. The stock’s estimated growth rate for the current year is 78.6% versus the Retail - Apparel and Shoes industry’s estimated rise of 12.4%.
Shoe Carnival, Inc. operates as a family footwear retailer in the United States. Currently, the company has a Zacks Rank #1. In the last 60 days, one earnings estimate moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 10.2% in the same period. The stock’s estimated growth rate for the current year is 59.7% versus the Retail - Apparel and Shoes industry’s projected rally of 12.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Urban Outfitters, Inc. retails women's and men's fashion apparel, active wear, intimates, footwear, accessories, home goods, electronics, and beauty products. Currently, the company has a Zacks Rank #2. In the last 60 days, 11 earnings estimates moved north, while one moved south for the current year. The Zacks Consensus Estimate for earnings has climbed 1.9% in the same period. The stock’s estimated growth rate for the current year is 62.9% versus the Retail - Apparel and Shoes industry’s expected rally of 12.4%.
Fossil Group, Inc. designs, develops, markets, and distributes consumer fashion accessories. Currently, the company has a Zacks Rank #1. In the last 60 days, two earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 32.1% in the same period. The stock’s projected growth rate for the current year is more than 100% versus the Retail - Apparel and Shoes industry’s estimated growth of 12.4%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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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.