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Top related persons:
Edward Yruma - 3 Piper Sandler - 3 Yruma - 2 ” Matthew Shay - 1 ” - 1 Craig Johnson - 1 Johnson - 1 Mr - 1
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Walmart - 2 National Retail Federation - 1 Mastercard - 1 Growth Partners - 1 Target - 1 General Motors - 1 Xerox - 1 FactSet - 1

Search resuls for: "Edward Yruma"


11 mentions found


☆ Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
  + stars: | 2023-12-01 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com   time to read: +2 min
kept its forecast that holiday sales — from Nov. 1 to Dec. 31 — would grow 3 to 4 percent this year. Mastercard, for example, said sales both in stores and online rose 2.5 percent on Nov. 24, from a year earlier. Like Mastercard’s estimate, the retail consultancy forecast that — adjusted for inflation — sales slipped slightly, Mr. Johnson said. If stores have too much inventory on hand, they may have to cut prices more than expected, which would erode their profits. “Really for the first time in four quarters, we are seeing retailers get inventories better aligned with sales,” Mr. Yruma said.
Persons: ” Matthew Shay, ”, Craig Johnson, Johnson, Edward Yruma, Piper Sandler, Mr, Yruma, “ Organizations: National Retail Federation, Mastercard, Growth Partners, Target
☆ Walmart can rally more than 30% as it gains grocery market share, Piper Sandler says
  + stars: | 2023-07-25 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Walmart has a chance to grow its market share in the grocery business, which could boost the stock in a big way, according to Piper Sandler. The firm upgraded the retail giant to overweight from neutral Monday and raised its price target to $210 per share from $145. Analyst Edward Yruma said the company will benefit as grocery inflation eases, allowing it to take more market share in the space. Walmart stock has climbed more than 12% in 2023. WMT YTD mountain Walmart stock has added more than 12% from the start of the year.
Persons: Piper Sandler, Piper, Edward Yruma, Yruma, — CNBC's Michael Bloom Organizations: Walmart
☆ Stocks making the biggest moves before the bell: General Motors, 3M, Spotify, Verizon and more
  + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
General Motors — Shares of General Motors rose more than 1% after the automaker raised its full-year guidance and reported second-quarter results that rose on a year-over-year basis. 3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. The company also raised its full-year earnings guidance and reaffirmed its revenue guidance. The airline's full-year earnings guidance of $5.50 to $7.50 per share was roughly in-line with the average analyst estimates of $6.65, according to FactSet. Verizon — The telecommunications giant traded 2.6% higher after reaffirming its full-year guidance.
Persons: Danaher, FactSet, Lilium, Refinitiv, Piper Sandler, Edward Yruma, —, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Tanaya Macheel Organizations: General Motors, Xerox, FactSet, General, GE, Spotify, European Union Aviation Safety Agency, Alaska Air, Raytheon, Refinitiv, Verizon, Walmart Locations: Alaska
☆ Teens drive $67 billion in spending. Here's where they're putting their money, and why it's bad news for some stocks
  + stars: | 2023-04-07 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +4 min
The wide-ranging survey saw teenagers reporting their spending this year will rise 2% from the spring of 2022 to $2,419. Gen Z girls are planning to pull back on clothing spending, which could spell trouble for apparel stocks in the months ahead. It's the top choice of places to shop for about 9% of the upper-income teens in the survey, Piper said. According to the survey, 49% of upper-income teens have purchased clothes on secondhand marketplaces like Poshmark, The RealReal and ThredUp , or at local thrift stores. Nike remains entrenched as the top apparel brand among all teens, a position it's held for more than 12 years.
☆ This e-commerce stock can get a boost as active buyer growth reaccelerates, Piper Sandler says
  + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Piper Sandler is getting more bullish on shares of Etsy , predicting strong growth tailwinds for the stock in the months ahead. '"While macro remains choppy, ETSY's 28% [last 12 month] EBITDA margin and L-T growth opportunities make this one of the highest quality names in our coverage," he wrote. The analyst also views shares as inexpensive, noting that they trade close to trough valuation and significantly below the company's four-year enterprise value-to-EBITDA ratio average. Yruma upped his price target on shares to $140 from $135, implying about 29% upside from Monday's close. "While we acknowledge that macro conditions remain pressured and consumer spending may be tipping to the downside, we believe ETSY has growth company characteristics at a GARP valuation," he said.
☆ Sales pick-up from disappointed Bed Bath & Beyond customers could add significantly to this retailer's earnings
  + stars: | 2023-02-08 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Bed Bath & Beyond received a lifeline that should help it stave off bankruptcy for at least a while. Regardless, big-box retailer Target will benefit from a pick-up in home furnishings sales , even as Bed Bath & Beyond continues to kick the can down the road, Piper Sandler analysts say. More than 400 store closures are expected from Bed Bath & Beyond, which Piper Sandler expects will bolster nearby Target locations. The firm found that a Target store is within 2.1 miles on average from the announced store closures. We believe that a medium-term earnings recovery scenario of $12 in EPS (~6% EBIT margin) is reasonable," Yruma wrote.
☆ Black Friday was better than feared for retail stocks — Two potential big winners
  + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.
☆ Watch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward Yruma
  + stars: | 2022-11-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward YrumaBMO's Simeon Siegel and Piper Sandler's Edward Yruma, join 'Closing Bell' to discuss retail on 'Black Friday' and consumer behavior.
☆ These discounted e-commerce stocks could be winners this holiday season. Here’s why
  + stars: | 2022-11-24 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +8 min
The National Retail Federation expects holiday sales growth of about 6% to 8% over 2021 — about in line with inflation. Adobe Analytics is predicting U.S. online sales during November and December will grow 2.5% from last year. "The last few years, we actually saw an incredible amount of sales demand momentum, if you will, really early in the season." Her observations, which are based on data from hundreds of clients she works with, echo findings from Adobe Analytics, released Wednesday, that show a slow start to online sales in November. "I think [investors] should expect a continued commitment to sustainable growth and what we mean by that is sort of aggressive, ambitious growth coupled with expanding profitability," he said.
☆ Wall St Week Ahead With Black Friday ahead, investors look to U.S. consumer stocks
  + stars: | 2022-11-18 | by ( David Randall | ) www.reuters.com   time to read: +4 min
Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc (AMZN.O) and automaker Tesla Inc (TSLA.O) to retailer Target Corp (TGT.N), have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to date compared with a nearly 17% fall for the broader index. Investors poured a net $1.05 billion into consumer discretionary stocks in the past week, the sixth-largest weekly inflows since 2008, data from BofA Global Research showed. “Everybody is watching the strength of the consumer and so far the consumer has held.”Yruma is bullish on retailers Nordstrom Inc (JWN.N) and Target. To be sure, consumer stocks have had more than their fair share of woes this year. The bank's analysts are underweight the consumer discretionary sector.
☆ It’s not just you. Tommy Bahama beach chairs are everywhere
  + stars: | 2022-09-03 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
“You see them all over most major coastal beaches during the summertime.”A Tommy Bahama beach chair in Santa Rosa Beach, Florida. Tommy Bahama doesn’t make its chairs and beach goods. Instead, Tommy Bahama licenses its name and design for the beach goods and receives royalties from sales at retailers. So they came up with “‘Tommy Bahama’ because I liked the resonation of the two words together.”The founders had recently left the company, and the country was suffering through the Great Recession, which dragged down Tommy Bahama sales. Correction: Tommy Bahama CEO Doug Wood said the company sells up to two million of its beach chairs a year and 700,000 umbrellas annually.
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