Latest news with #MichaelBinetti
Business Insider
2 days ago
- Business
- Business Insider
Is Lululemon (LULU) a Good Stock to Buy before Earnings?
Retail company Lululemon (LULU) is set to report its Q1 earnings results on June 5 after the market closes. Analysts are expecting earnings per share to come in at $2.58 on revenue of $2.36 billion. This compares to last year's figures of $2.54 and $2.21 billion, respectively. Interestingly, LULU has a strong track record when it comes to beating earnings. In fact, it has done so in each of its last 15 quarters. And this trend could continue. 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 Indeed, both Piper Sandler and Evercore ISI raised their price targets ahead of earnings. Piper Sandler, led by Anna Andreeva, increased its target from $280 to $315, although it kept a Neutral rating. Nevertheless, based on its research, U.S. sales trends look steady, and new product launches are doing well. As a result, Piper expects the company's Q2 sales guidance to be around 8% growth with earnings per share of about $3.29. On the other hand, Evercore ISI is more optimistic. The firm, led by 4.5-star Michael Binetti, raised its price target from $320 to $400 and kept an Outperform rating. The analysts believe that Lululemon's new product innovation (especially the Align No Line pant) is starting to catch on and could help U.S. store sales turn positive again over the next few quarters. Because of this momentum, the analysts named Lululemon one of their top five stock picks. What Do Options Traders Anticipate? Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. Indeed, the at-the-money straddle suggests that options traders expect a large 9.45% price move in either direction. This estimate is derived from the $335 strike price, with call options priced at $16.17 and put options at $15.52. Is LULU Stock a Buy? average LULU price target of $345.58 per share implies that shares are close to fair value.
Yahoo
30-05-2025
- Business
- Yahoo
Ulta Beauty Shares Soar on Q1 Beat, Raised Guide
Ulta Beauty (NASDAQ:ULTA) jumps 11.2% as its Unleashed turnaround delivers better-than-expected Q1 comp sales and a lifted outlook. In Q1, ULTA posted adjusted EPS of $6.70, handily topping forecasts, on a 4.4% sales rise that outpaced both Sephora and Amazon-driven market share gains. Management raised full-year guidance for revenue, EPS and comps, citing slowing share losses to prestige rivals and stronger teen and value-driven customer cohorts. Evercore's Michael Binetti points to Ulta's early momentum among teens and its blend of innovation-with-value as a competitive edge, while Morgan Stanley's Simeon Gutman sees comps potentially hitting 2.5% in 2025 and 4.5% in 2026driving operating leverage and healthier margins. Digital growth also impressed: Ulta's online revenue climbed 10% despite Amazon's beauty push, aided by features like Split Cart and Shop My Store that boost engagement and defend digital share. CEO Kecia Steelman says these efforts are translating into stronger engagement, increased relevance and measurable business impact. UBS's Michael Lasser adds that rising Net Promoter Scores across stores and e-commerce demonstrate crisper execution. Investors should care because Ulta's dual-track recoveryrevived in-store comps plus robust digital gainssignals that its Unleashed initiative can sustain share gains and margin expansion, offsetting the headwinds that stalled growth last year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
26-05-2025
- Business
- Business Insider
Evercore ISI Sticks to Their Buy Rating for Ralph Lauren (RL)
In a report released on May 23, Michael Binetti from Evercore ISI maintained a Buy rating on Ralph Lauren (RL – Research Report), with a price target of $320.00. The company's shares closed last Friday at $274.08. Confident Investing Starts Here: According to TipRanks, Binetti is a 5-star analyst with an average return of 7.1% and a 57.20% success rate. Binetti covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Foot Locker, and Ross Stores. In addition to Evercore ISI, Ralph Lauren also received a Buy from Wells Fargo's Ike Boruchow in a report issued on May 23. However, on the same day, Citi maintained a Hold rating on Ralph Lauren (NYSE: RL). Based on Ralph Lauren's latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $2.14 billion and a net profit of $297.4 million. In comparison, last year the company earned a revenue of $1.93 billion and had a net profit of $276.6 million
Yahoo
26-05-2025
- Business
- Yahoo
Evercore ISI Keeps Buy Rating on Amer Sports (AS), Lifts PT
In a report released on May 21, Michael Binetti from Evercore ISI maintained a Buy rating on Amer Sports, Inc. (NYSE:AS) and raised its price target to $43 from $36. The rating came after the company released strong fiscal Q1 2025 results on May 20, raising its full-year revenue and EPS guidance. Amer Sports, Inc. (NYSE:AS) experienced a notable 23% sales growth in fiscal Q1 2025, or 26% excluding currency effects. Its adjusted operating margin also expanded by around 500 basis points. The positive trends highlight the company's strategic focus on boosting its market reach and increasing profitability, which is why analysts are bullish on the stock. A group of professional athletes wearing the company's performance apparel in a sports event. The key drivers of positive performance for Amer Sports, Inc. (NYSE:AS) in the quarter were its Technical Apparel and Outdoor Performance segments. Technical Apparel rose 28% to $664 million (or 32% on a constant currency basis), while Outdoor Performance grew 25% to $502 million (or 29% on a constant currency basis). The numbers reflect strong demand for its products, supporting the optimistic sentiment. Amer Sports, Inc. (NYSE:AS) plans to continue this momentum and anticipates revenue growth of 15% to 17% for fiscal year 2025. While we acknowledge the potential of AS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AS and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Yahoo
25-05-2025
- Business
- Yahoo
Evercore ISI Keeps Buy Rating on Amer Sports (AS), Lifts PT
In a report released on May 21, Michael Binetti from Evercore ISI maintained a Buy rating on Amer Sports, Inc. (NYSE:AS) and raised its price target to $43 from $36. The rating came after the company released strong fiscal Q1 2025 results on May 20, raising its full-year revenue and EPS guidance. Amer Sports, Inc. (NYSE:AS) experienced a notable 23% sales growth in fiscal Q1 2025, or 26% excluding currency effects. Its adjusted operating margin also expanded by around 500 basis points. The positive trends highlight the company's strategic focus on boosting its market reach and increasing profitability, which is why analysts are bullish on the stock. A group of professional athletes wearing the company's performance apparel in a sports event. The key drivers of positive performance for Amer Sports, Inc. (NYSE:AS) in the quarter were its Technical Apparel and Outdoor Performance segments. Technical Apparel rose 28% to $664 million (or 32% on a constant currency basis), while Outdoor Performance grew 25% to $502 million (or 29% on a constant currency basis). The numbers reflect strong demand for its products, supporting the optimistic sentiment. Amer Sports, Inc. (NYSE:AS) plans to continue this momentum and anticipates revenue growth of 15% to 17% for fiscal year 2025. While we acknowledge the potential of AS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AS and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
