Naked Brand (NAKD) surges 215% this week on speculations of a potential buyout and comparative benchmarks to others in the industry.
There is speculation that there is a company interested in buying out Naked Brand Group. This rumor seems a bit farfetched, but it is one of the reasons why many investors bought into Naked Brands Group today.
Naked Brand Group is often benchmarked with New York-based XCel Brands (XELB) and Express (EXPR). XCel Brands is also a consumer products company focused on the design and production of branded apparel. And Express is a fashion retailer that caters to young men and women. Today the stock price of Xcel Brands saw a major increase at 21.71% and Express increased 13.84%.
Another fashion company that saw some traction this week is Under Armour (UAA). Under Armour is up 13.3% this week. And Argus upgraded the rating for Under Armour from Hold to Buy with a $20 price target.
L Brands (LB) — the parent company of Victoria’s Secret and Bath & Body Works — recently reported third quarter earnings. L Brands reported $1.13 in adjusted earnings per share and $3.06 billion in revenue. Analysts were expecting less than $2.7 billion in revenue.
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