Latest news with #AdamCochrane
Business Insider
3 days ago
- Business
- Business Insider
Deutsche Bank Keeps Their Buy Rating on Kingfisher (KGF)
In a report released yesterday, Adam Cochrane from Deutsche Bank maintained a Buy rating on Kingfisher (KGF – Research Report), with a price target of £3.30. The company's shares closed yesterday at p277.60. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Cochrane is an analyst with an average return of -3.6% and a 40.77% success rate. Cochrane covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, ASOS plc, and adidas AG. Currently, the analyst consensus on Kingfisher is a Hold with an average price target of p291.78. KGF market cap is currently £4.94B and has a P/E ratio of 27.59.
Bloomberg
09-04-2025
- Business
- Bloomberg
Luxury Stock Analysts Warn Tariff Turmoil Will Hit Client Wealth
It's not tariffs that luxury-goods makers need to worry about, but the hit to client wealth from the ensuing stock market carnage, analysts warn. Deutsche Bank AG analyst Adam Cochrane sees the turmoil pushing out a recovery for a sector which had already been grappling with slower demand from key market China. He downgraded top-performer Richemont to hold, as well as Gucci-owner Kering SA. Shares in both fell around 3% on Wednesday.
Reuters
21-03-2025
- Business
- Reuters
Shares in German retailer Douglas slide to record lows after outlook cut
March 21 (Reuters) - Shares in German beauty retailer Douglas ( opens new tab slumped to all-time lows on Friday after the company trimmed its full year outlook, highlighting a slowdown in the European market, particularly in Germany and France. Douglas shares were trading around 19% lower at 0939 GMT, marking the worst performance for the company's stock price since its return to the Frankfurt stock exchange in March 2024. Shares are down more than 40% year-to-date as a result of Friday's slide. Advertisement · Scroll to continue Report This Ad Reporting after market close on Thursday, the company said that deteriorating customer sentiment since February has led to a decline in traffic in stores and online. It revised its forecasts for net sales and profit downwards for the 2024/25 financial year. Deutsche Bank Analyst Adam Cochrane said that any dividend payout will now likely be pushed into 2027, after a disappointing first quarter and Thursday's revised guidance. "Investors viewed the premium category as more defensive and less economically sensitive than other retail categories but this does not appear to be the case," Cochrane said. Consensus expectations were already below the company's new guidance, he said. CFO Mark Langer, who was previously CEO and CFO of Hugo Boss ( opens new tab, said in December that Douglas would not consider any dividend payments until it had reached a leverage ratio of two times its net debt to adjusted earnings. The leverage ratio stood at 2.3 at the end of 2024. It expects to provide mid-term guidance on its leverage ratio with its second quarter results, scheduled for May 15. ($1 = 0.9231 euros)
Yahoo
12-03-2025
- Business
- Yahoo
Zara parent Inditex's shares plunge 8% after a slow start to the year with reluctant shoppers and market uncertainty
Inditex shares fell over 8% on Wednesday as the Zara and Massimo Dutti owner reported slowing sales since the start of 2025. The Spanish company reported strong results last year, with sales up 10.5% in constant currency terms to €39 billion and a dividend increase of 9%. Inditex opened 47 stores across its suite of brands, including Zara, Bershka, and Stradivarius. "The excellent sales and profit figures show the solidity of the Inditex Group's profitable growth," CEO Oscar Garcia Maceiras said in a statement. Despite the strong year-end results, shares slid as Inditex noted weaker growth of 4% between Feb. 1 and Mar. 10—down from 11% for the same period a year earlier. The company plans to expand its market share with more floor space and store openings for Pull&Bear, Bershka, and others in old and new markets. 'Expectations were lower than usual for Inditex given other market data points, but this is a miss on a well liked stock,' Deutsche Bank analysts led by Adam Cochrane wrote in a note. Morningstar equity analyst Jelena Sokolova said it was 'too early to extrapolate the slowdown into the future,' given Inditex's 2024 performance and plans this year. Retailers are still grappling with reluctant consumer spending—a trend Zara seemingly benefited from as some shoppers withdrew from big luxury purchases. Global uncertainty, including the threat of U.S. tariffs, has only added to their challenges. Most Inditex garments are produced in Spain, Portugal, Turkey, and Morocco, but the U.S. is the company's second-largest market. American consumers have been under pressure amid the ongoing trade war, and retailers, including Inditex's Spanish competitor Mango, are trying to brace themselves. H&M, the Swedish mass retailer, is in the process of nearshoring the production of its products. CFO Adam Karlsson told Reuters that it was doing so for various reasons, including geopolitics and to improve its responsiveness to customer demand. H&M's sales during the final quarter of 2024 came in below expectations, while its full-year results were up by 1%. "If tariffs increase for everyone, there will be a relative position to take (on pricing)," Karlsson said. "We should position our offering in the same way no matter whether there are tariffs or not." Kering, the luxury company behind Gucci and Saint Laurent, was clear that it would maneuver impending tariffs without moving any production to the U.S., given that the French company is 'selling a part of our culture,' according to CEO Francois-Henri Pinault. When asked how tariffs might impact Inditex, Garcia Maceiras admitted it was 'difficult to predict' but was confident the company was strongly positioned. Like its rivals, Inditex's footprint spans various markets for producing its goods. 'We consider that we are in a very good positioning due to our levels of geographical diversification in terms of sourcing and sales,' he said. 'As we operate in many markets, we have experience dealing with different tariff regimes.' Representatives at Inditex declined to comment beyond the earnings call. This story was originally featured on Sign in to access your portfolio
