LULU - Mall and apparel stocks attract investors as consumers ramp up spending

Asergieiev/iStock via Getty Images UBS lifts estimates on a number of retail stocks after channel checks indicate sales are tracking higher than anticipated. Analyst Jay Sole and team take the view that the magnitude of the Q2 and Q3 beats will elevate the market's overall FY22 view to push retail stocks higher overall. Factoring the recent data, UBS boosts EPS marks on Carter's (CRI), Columbia Sportswear (COLM), Crocs (CROX), Deckers Outdoor (DECK), Kontoor Brands (KTB), Skechers (SKX), Steven Madden (SHOO) and Wolverine World Wide (WWW). UBS calls SKX, DECK and KTB its sector favorites: "SKX has multiple factors working in its favor: a likely strong Q2, high leverage to Back-to-School which we think will be very strong, and continuing China momentum... DECK remains one of Softlines' best growth stocks. Our checks indicate consumer demand for DECK's Hoka and UGG brands remain vigorous... KTB's stock price has pulled back since the

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Mall and apparel stocks attract investors as consumers ramp up spending