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Burberry Group plc focuses on high-quality clothing and accessories, with net sales primarily from retail distribution (80.8%) through 455 stores. The sales breakdown includes accessories (36.3%), menswear (29.6%), womenswear (29%), and childrenswear (5.1%), with significant revenue from Asia/Pacific (44.3%).
Burberry Group plc focuses on high-end clothing and accessories, with retail distribution accounting for 80.8% of sales through 455 stores. The product breakdown includes accessories (36.3%), men's wear (29.6%), women's wear (29%), and children's wear (5.1%). Geographically, sales are distributed as follows: Europe-Middle East-India-Africa (35%), Asia-Pacific (44.3%), and the Americas (20.7%).
UBS has revised its ratings and target prices for several European luxury stocks. Salvatore Ferragamo's recommendation was upgraded to "Neutral," while Brunello Cucinelli's target price increased to €108. Moncler's target price was cut to €50. Hugo Boss received a "Buy" upgrade with a target price of €49, while Hermes' target price decreased to €2,475. In contrast, Burberry's target price rose to 1,000p, Richemont to CHF 150, Kering to €228, LVMH to €648, and Swatch to CHF 140.
UBS has revised its ratings and target prices for several major European luxury stocks. Notably, it upgraded Hugo Boss to "Buy" with a target price of 49 euros per share, while cutting Moncler's recommendation to 50 euros. Target prices were also adjusted for brands like Hermes, Burberry, Richemont, Kering, LVMH, and Swatch.
U.S. markets rebounded from geopolitical tensions, with Nvidia"s upcoming earnings report taking center stage, driving its shares up 4.9%. Analysts believe Nvidia"s performance will significantly impact the S&P 500, overshadowing other economic indicators. Meanwhile, Japan"s exports showed signs of recovery, and Burberry"s stock outlook improved following a strategic revamp.
Asia-Pacific markets opened mostly higher, with Japan"s Nikkei 225 and Topix showing slight gains ahead of key trade data. Economists expect Japan"s exports to rise 2.2% year over year, while imports may drop 0.3%. In China, the benchmark lending rates are anticipated to remain unchanged after recent cuts. Geopolitical tensions are influencing market sentiment, particularly following warnings from Russian President Vladimir Putin regarding nuclear thresholds, which coincided with reports of Ukraine striking the Russian border.
Burberry shares have plummeted by 40%, prompting a hedge fund manager to suggest that the stock currently presents "good value." This perspective comes amid significant market fluctuations affecting the luxury brand"s performance.
Burberry Group has received mixed ratings from analysts, with UBS upgrading it to "hold" while Jefferies downgraded it to "underperform." The stock opened at $11.46, showing a 0.5% increase, and has a one-year range of $7.38 to $20.05. Currently, it holds an average rating of "Hold" among analysts.
UBS has upgraded its recommendation on Burberry from "sell" to "neutral", raising the price target from 410 to 975 pence, indicating a 12% upside potential. The broker highlights Burberry"s new, roots-focused strategy as a means to stabilize the business and enhance short-term sales momentum, despite concerns about margins.
UBS has upgraded its recommendation on Burberry from "sell" to "neutral", raising the price target from 410 to 975 pence, indicating a 12% upside potential. The broker notes that Burberry"s new, roots-focused strategy could stabilize the business and enhance short-term sales momentum, despite concerns about margins.
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