Latest news with #CaroleMadjo
CNBC
2 days ago
- Business
- CNBC
New Kering CEO could 'make Gucci great again,' Barclays says
Monday - Friday, 08:00 - 11:00 CET | 14:00 - 17:00 HK/SG Squawk Box Europe Podcast Carole Madjo, head of European luxury goods research at Barclays, weighs in on the potential turnaround of Kering-owned Gucci under new CEO Luca de Meo, and broader trends within the sector.
Business Insider
05-07-2025
- Business
- Business Insider
Salvatore Ferragamo S.p.A. (0P52) was downgraded to a Sell Rating at Intesa Sanpaolo
In a report released today, from Intesa Sanpaolo downgraded Salvatore Ferragamo S.p.A. to a Sell, with a price target of €4.80. The company's shares closed yesterday at €5.27. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. In addition to Intesa Sanpaolo, Salvatore Ferragamo S.p.A. also received a Sell from Barclays's Carole Madjo in a report issued on July 2. However, on June 30, UBS maintained a Hold rating on Salvatore Ferragamo S.p.A. (LSE: 0P52). Based on Salvatore Ferragamo S.p.A.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €255.98 million and a GAAP net loss of €36.91 million. In comparison, last year the company earned a revenue of €278.08 million and had a net profit of €1.79 million
Business Insider
31-05-2025
- Business
- Business Insider
Barclays Remains a Buy on Compagnie Financiere Richemont SA (CFR)
Barclays analyst Carole Madjo maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) yesterday and set a price target of CHF171.00. The company's shares closed yesterday at CHF154.85. Confident Investing Starts Here: According to TipRanks, Madjo is a 4-star analyst with an average return of 5.3% and a 57.93% success rate. Madjo covers the Consumer Cyclical sector, focusing on stocks such as Salvatore Ferragamo S.p.A., Burberry, and Moncler S.p.A.. In addition to Barclays, Compagnie Financiere Richemont SA also received a Buy from UBS's Zuzanna Pusz in a report issued on May 28. However, on May 23, Deutsche Bank maintained a Hold rating on Compagnie Financiere Richemont SA (Six Swiss: CFR). Based on Compagnie Financiere Richemont SA's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of CHF10.08 billion and a net profit of CHF458 million. In comparison, last year the company earned a revenue of CHF10.22 billion and had a net profit of CHF2.16 billion Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CFR in relation to earlier this year.
Yahoo
28-05-2025
- Business
- Yahoo
Barclays Upgrades Burberry (BURBY) to Equal Weight, Raises PT as Brand Concerns Ease
On Tuesday, Barclays analyst Carole Madjo upgraded Burberry Group (OTC:BURBY) to Equal Weight from Underweight, and increased its price target from 720 GBp to 1,000 GBp. This shift reflects a decrease in Barclays' concerns regarding the potential dilution of Burberry's brand equity. A luxury apparel store, showcasing the high-end brand offerings. Barclays had previously downgraded Burberry due to worries about a lack of a disciplined full-price strategy, markdown initiatives, high exposure to outlets, and potential changes in management strategy. However, the firm now notes that these risks have not materialized over the past few months. Specifically, markdown activity in November 2024 did not appear to harm the brand image. The renewed brand strategy, which focuses on offerings like outerwear and scarves, aligns more closely with Burberry's DNA. While it's early to determine if new products will translate into sales success when they hit stores in calendar H2, successfully navigating a markdown phase without brand damage is seen as a positive. Burberry Group (OTC:BURBY) manufactures, retails, and wholesales luxury goods under the Burberry brand. While we acknowledge the potential of BURBY to grow, 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 BURBY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
25-04-2025
- Business
- Yahoo
Louis Vuitton Has Bumped Up Handbag Prices in the U.S.
Amid the upheaval of the Trump administration's tariffs, Louis Vuitton handbags just became more expensive in the U.S. Luxury analysts at Bernstein and Barclays flagged that the French luxury brand has bumped up prices by roughly 4 percent on More from WWD Kering Shares Fall 6% After Weak Q1 Results Fashion Expected to Star in NFL Draft as Players Prepare to Shine Hermès Continues to Increase Handbag Production Amid Rising Demand 'This price increase likely comes as a response to the recent introduction of a 10 percent tariff in the U.S. The price increased ranged from +7 percent for some bags like the NeoNoe to 1 percent for products like the Twist or Keepall,' Barclays analyst Carole Madjo wrote in a research note Thursday. However, it is understood Vuitton typically institutes price increases around this time of the year. Madjo noted her team also detected price bumps of 3 percent in Japan and 2 percent in France. Luca Solca, analyst at Bernstein, noted that prices were unchanged for CarryAll, Biker, All In and Graceful handbag ranges, suggesting these products may be produced in the U.S., where Vuitton operates three leather goods production sites in Texas and California. In his view, Vuitton's average price increase of 3.6 percent 'seems more than enough to cover even the worst-case scenario of 20 percent tariffs on EU exports from the U.S.' What's more, 'these price increases provide a case in point: the first level impact of tariffs will be negligible,' according to Solca, arguing that megabrands like Vuitton in particular 'remain highly desirable and command clear pricing power.' In addition, given that tariffs are also applied to 'industrial first cost,' Bernstein expects price increases on luxury goods to be 'well below the 10 percent headline number, falling within the 5 to 7 percent like-for-like price inflation the industry has seen over the past 50 years.' Analysts are more concerned about the wider impact of tariffs on consumer sentiment, financial markets and currencies. Last week, Hermès International said it would increase prices across various product lines in the U.S. effective May 1 to offset the tariff impact, as reported. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange Sign in to access your portfolio
