Morry Brown

Lululemon Athletica inc. (NASDAQ: LULU) announced its Q1 guidance short of expectations. The current challenges appear “fixable and largely self-inflicted” and the company’s execution could improve in Q2 and beyond, Wedbush’s Morry Brown said in a report. While reiterating...

Previewing Lululemon Athletica inc.'s (NASDAQ: LULU) fourth quarter results, Wedbush said in a note that mall traffic challenges will cast a shadow on the company's quarterly performance. The firm believes reaction to the quarterly results will depend on the same-store sales guidance for...

Retail channel checks indicate that trends over the first three weeks of March had improved only were “minimally” from those witnessed in February, Wedbush’s Morry Brown said in a report. He added that while promotions were “broadly higher” year-over-year throughout...

Retail channel checks indicate trends during the first three weeks of March were “only minimally improved” from February's levels, Wedbush’s Morry Brown said in a report. He added that checks suggest promotions have been “broadly higher” year-over-year at malls, while...

Express, Inc. (NYSE: EXPR) guided FY2017 earnings below expectations, with the high end of the range 16 percent below consensus, driven largely by lower margin rates. Wedbush’s Morry Brown maintained a Neutral rating on the stock, while lowering the price target from $11 to $9. Skewed To...

L Brands Inc (NYSE: LB)'s February sales and first-quarter 2017 guidance came in significantly below expectations. The tough start to the first quarter “adds additional uncertainty to LB story,” Wedbush’s Morry Brown said in a report. He maintained a Neutral rating on the company...

Wedbush’s Morry Brown believes the robust fourth-quarter results and FY 2017 guidance have set the stage for TJX Companies Inc (NYSE: TJX) to post another beat and raise year. The analyst maintains an Outperform rating on the company, with a price target of $85. “We remain constructive...

Urban Outfitters, Inc. (NASDAQ: URBN) reported another miss in Q4, with same-store sales short of expectations. “[W]e do not read much into January’s softness for projecting spring sales, given it is the lowest volume month of the year and largely focused on backward-looking clearance...

Wedbush believes fiscal year 2018 comp forecast of Michael Kors Holdings Ltd (NYSE: KORS) as “overly optimistic” after the luxury retailer guided fourth quarter well below Street expectations due to continued softness in its retail and wholesale divisions. Quarterly Earnings And...

Morry Brown of Wedbush is bullish on off-price retailers and favors Burlington Stores Inc (NYSE: BURL) due to its margin expansion potential. “We retain our view that off-price appears generally Amazon.com, Inc. (NASDAQ: AMZN) proof. Pricing at off-price remains largely below online pricing...

Wedbush’s Morry Brown prefers to remain on the sidelines for Gap Inc (NYSE: GPS), since there does not appear to be a catalyst on the horizon “to drive sustained momentum across the company’s portfolio of brands.” The analyst maintains a Neutral rating on the company, while...

Coach Inc (NYSE: COH) reported strong Q2 results, despite concerns around the handbag category. The company’s positive trends would likely continue for the balance of the fiscal year, ending June, Wedbush’s Morry Brown said in a report. He maintains a Neutral rating on the company,...

Wedbush said channel checks show Kate Spade & Co (NYSE: KATE) remains the top performer in the handbag sales this holiday season despite a lukewarm response for its “Miss Piggy” and “Imagination Monster” collections. 'Relatively Sluggish' Handbag Space That said, the...

Wedbush’s Morry Brown noted that Lululemon Athletica inc. (NASDAQ: LULU)'s momentum has continued in December, while its local-themed collection has received a robust response in Dallas. Brown maintains an Outperform rating on the company, with a price target of $81. Positive Trends “...

Wedbush’s Morry Brown believes the strong Q3 results reported by Lululemon Athletica inc. (NASDAQ: LULU) indicate the company would have higher earnings power in 2017 and 2018. Brown maintained an Outperform rating on the company, while raising the price target from $70 to $81, while...