UAA - Nike and these five clothing retailers will be post-pandemic winners according to Truist
Truist sees more tailwinds than headwinds for clothing retailers in 2022. The firm rates six stocks Buy and gives four more a Neutral grade based on their projected post-pandemic performance. Buys: Burlington Stores (NYSE:BURL), PT: $350; Dick's Sporting Goods (NYSE:DKS), PT: $161; Nike (NYSE:NKE), PT: $190; Ralph Lauren (NYSE:RL), PT: $141; Ross Stores (NASDAQ:ROST), PT: $136; TJX Companies (NYSE:TJX), PT: $92 Holds: Lululemon Athletica (NASDAQ:LULU), PT: $435; PVH Corp (NYSE:PVH), PT: $100; Under Armour (NYSE:UAA), PT: $24; V.F. Corp (NYSE:VFC), PT: $79 Analyst Beth Reed believes that retail stocks may be stronger coming out of the pandemic due to a ~5-year pull-forward pull-forward in e-commerce adoption and a lower promotional environment due to lower inventories, both of which should result in higher margins. Additionally, the bankruptcies of smaller companies leaves room for the major chains to become even bigger. Easily compare the ten stocks with Seeking Alpha's comparison tool.
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Nike and these five clothing retailers will be post-pandemic winners according to Truist