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Howden Joinery Group Plc’s “Buy” Rating Reaffirmed at Panmure Gordon (HWDN) November 6th, 2015 - Panmure Gordon reissued their buy rating on shares of Howden Joinery Group Plc (LON:HWDN) in a research report released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 570 ($8.79) price objective on the stock. Several other research firms have also recently commented on HWDN. N+1 Singer reaffirmed a hold rating and issued a GBX 500 ($7.71) price objective on shares of Howden Joinery Group Plc in a research note on Friday, July 17th. Goodbody Stockbrokers Ltd reissued a buy rating and issued a GBX 575 ($8.87) target price on shares of Howden Joinery Group Plc in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Howden Joinery Group Plc from GBX 520 ($8.02) to GBX 560 ($8.64) and gave the stock an overweight rating in a report on Thursday, July 23rd. Beaufort Securities reiterated a buy rating on shares of Howden Joinery Group Plc in a research note on Wednesday, July 8th. Finally, Liberum Capital reissued a buy rating and issued a GBX 540 ($8.33) price target on shares of Howden Joinery Group Plc in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of Buy and a consensus price target of GBX 537.27 ($8.29). Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. Howden Joinery Group Plc has a 52 week low of GBX 362.80 and a 52 week high of GBX 532.00. The company’s 50 day moving average is GBX 471.71 and its 200 day moving average is GBX 489.75. Howden Joinery Group Plc is engaged in the fabrication, distribution and sourcing to commerce customers of kitchens and joinery. The Business offers products, like flooring, worktops and breakfast bars, cabinets, kitchen frontals and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Company sold approximately 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Business has operations in Belgium, France and Uk

HWDN Howden Joinery UPGRADE..Howden Joinery Group Plc PT Raised to GBX 570 (HWDN) November 6th, 2015. Howden Joinery Group Plc (LON:HWDN) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 560 ($8.64) to GBX 570 ($8.79) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 16.02% from the stock’s current price. Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. The firm’s 50-day moving average price is GBX 471.71 and its 200-day moving average price is GBX 489.75. Howden Joinery Group Plc has a 12 month low of GBX 362.80 and a 12 month high of GBX 532.00. Other equities analysts have also recently issued reports about the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 515 ($7.95) price target on shares of Howden Joinery Group Plc in a report on Friday, July 24th. Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Howden Joinery Group Plc in a research report on Friday, October 30th. Beaufort Securities restated a “buy” rating on shares of Howden Joinery Group Plc in a research report on Wednesday, July 8th. Panmure Gordon lifted their target price on Howden Joinery Group Plc from GBX 490 ($7.56) to GBX 570 ($8.79) and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Berenberg Bank lifted their price target on Howden Joinery Group Plc from GBX 530 ($8.18) to GBX 570 ($8.79) and gave the company a “buy” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of “Buy” and a consensus price target of GBX 537.27 ($8.29). Howden Joinery Group Plc is engaged in the production, distribution and sourcing of kitchens and joinery to trade customers. The Business offers products, including kitchen frontals, worktops, flooring and breakfast bars, cabinets and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Business sold about 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Organization has operationsin Belgium, France and Great Britain.

Weekly Analysts’ Ratings Changes for Supergroup PLC (SGP) November 5th Several analysts have recently updated their ratings and price targets for Supergroup PLC (LON: SGP): 11/3/2015 – Supergroup PLC had its price target raised by analysts at Canaccord Genuity from GBX 1,627 ($25.10) to GBX 1,847 ($28.50). They now have a “buy” rating on the stock. 11/2/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/27/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/19/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/19/2015 – Supergroup PLC had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 1,650 ($25.46) price target on the stock. 10/12/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/5/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 9/28/2015 – Supergroup PLC had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 1,650 ($25.46) price target on the stock. 9/21/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 9/15/2015 – Supergroup PLC had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 1,100 ($16.97) price target on the stock. 9/14/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 9/14/2015 – Supergroup PLC had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 1,650 ($25.46) price target on the stock. 9/7/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. Shares of Supergroup PLC (LON:SGP) traded up 0.97% on Wednesday, hitting GBX 1509.50. 176,137 shares of the company’s stock were exchanged. The stock’s market cap is GBX 1.22 billion. Supergroup PLC has a 12-month low of GBX 750.00 and a 12-month high of GBX 1,579.00. The company’s 50-day moving average price is GBX 1,401.50 and its 200 day moving average priceis GBX 1,300.22.

SuperGroup shares double on superfast growth By Harriet Mann | Thu, 5th November 2015 - 13:19 Share this SuperGroup shares double on superfast growth What a year for SuperGroup (SGP) fans. Euan Sutherland, the man who left the "ungovernable" Co-op, has shown exactly what he can do, facilitating a spectacular recovery at the owner of the popular Superdry brand and a doubling of the share price since January. A much anticipated design collaboration with Hollywood star Idris Elba should be on the racks before Christmas, too, and full-year profits look set to beat forecasts. That promise of a maiden dividend at the interim results looks "super safe". Driven by both its retail and wholesale divisions, group sales jumped 22% in the half-year ended 24 October to £255 million. Granted, SuperGroup is performing against weak comparatives in 2015, but rapid online trade pushed retail like-for-like revenue up an impressive 15.5% in the second quarter to £91.6 million. Group gross margin should also be better-than-expected, although currency movements are unhelpful. Ending the period with £80 million of net cash, an interim dividend of 6p is a shoo-in, according to Investec Securities. And a full-year payout of 19.3p might be conservative. Clearly, overall revenue growth benefited from SuperGroup's retail store space expansion, with 14 new shops opened since April. There are more to come and there's progress on its 10-year joint venture with China's Trendy International. As it stands, the group has 192 stores globally, but analysts at Peel Hunt reckon the European roll-out and US expansion will seriously accelerate earnings growth over the next two-three years. supergroup graph (click to enlarge) As retailers gear-up for Christmas, SuperGroup's collaboration with star of the Sky TV ads Idris Elba will hit the stores this month. After disappointing ranges last year, founder Julian Dunkerton is back at the drawing board with new Sport and Snow ranges, which should help Sutherland achieve his four-pronged strategy. The new boss is focusing on broadening and strengthening the group's appeal, expanding its product range, and executing growth opportunities in new markets and online. With retail behind much of the momentum, the division has a new global retail director who will steer future expansion. Leaving Tesco (TSCO) behind, Nick Tatum will be responsible for the retail operations and logistics. "With a successful first half completed, the business is well placed for the all-important peak season and we remain confident of delivering full year profits in line with our existing guidance although comparatives throughout the second half are more challenging," said Sutherland. More growth in store? Recovering from profits warnings and accountancy issues, SuperGroup's share price has more than doubled since Sutherland took over at the end of 2014, rocketing from 750p to a 19-month high of

Supergroup PLC Given New GBX 1,850 Price Target at Investec (SGP) November 5th, 2015 Supergroup PLC (LON:SGP) had its target price increased by equities research analysts at Investec from GBX 1,450 ($22.37) to GBX 1,850 ($28.54) in a research report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Investec’s price target would suggest a potential upside of 22.56% from the stock’s current price. In other Supergroup PLC news, insider Holder,James sold 264,900 shares of Supergroup PLC stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of GBX 1,510 ($23.30), for a total transaction of £3,999,990 ($6,171,871.62). Shares of Supergroup PLC (LON:SGP) opened at 1592.540 on Thursday. Supergroup PLC has a 12-month low of GBX 750.00 and a 12-month high of GBX 1,602.80. The stock’s 50 day moving average is GBX 1,401.50 and its 200-day moving average is GBX 1,300.22. The company’smarket capitalization is GBX 1.29 billion. Several other research firms have also commented on SGP. RBC Capital restated an “outperform” rating on shares of Supergroup PLC in a report on Monday, July 13th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,100 ($16.97) price target on shares of Supergroup PLC in a research note on Wednesday, September 2nd. Canaccord Genuity raised their target price on shares of Supergroup PLC from GBX 1,145 ($17.67) to GBX 1,627 ($25.10) and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,280 ($19.75) price target on shares of Supergroup PLC in a report on Monday, September 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,371.11 ($21.16). SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers accessories and clothing. The business is the owner of the Superdry brand, which is a lifestyle brand that provides footwear, accessories, clothing and cosmetics. It operates in three sections: Retail, Wholesale and Essential Cost. Superdry has over 135 United Kingdom and European standalone retail stores and operates from a portfolio of concessions, franchised and licensed shops. Superdry is sold in over 100 countries, through its store portfolio and Websites. Superdry offers polo shirts, tshirts, hoods and sweats, denim, joggers, tops, dresses, coats, shirts, knitwear, footwear, in addition to an assortment of bags and accessories. The Company has three reporting units: C-Retail Limited DKH Retail Limited and SuperGroup Plc. The business ‘s network comprises permits, franchises and concessions. It has rights

SGP Supergroup Full Note as promised earlier, looks very Bullish. Look at the target price at the end of the note 1847p Canaccord note SuperGroup has delivered a strong H1 trading performance, with group sales up 22.4% over the period to £254.9m, ahead of our range estimate of £248m - £252m (+18% to +21%). This was driven by the Retail division, where total sales rose by 30.9% to £172.2m. The LFL component came in at +17.2% (CGe: +12% - +15%), breaking down as +19.3% in Q1 and +15.5% for Q2. E-commerce performance was highlighted as a driver, but was not quantified. We assume the strong momentum of H2's e-commerce growth has continued throughout H1, before anniversarying in Q3. The non-LFL contribution of 13.7% was driven by a 21% year-on-year increase in owned retail space. This included the US stores acquired earlier this year when the US licence was purchased. Some 14 stores opened in H1, of which 11 were outside the UK and Republic of Ireland, adding some 63K sq.ft. from the year end, and therefore on track for the FY guidance of 120K to 130K sq.ft. Wholesale saw an 8% increase in sterling growth, despite the adverse impact of a weakening euro. This also includes some contribution, which we estimate at around 2%, from the North American business. The H1 gross margin performance will be above the group's full year guidance (range flat to +30bps). This is principally mix driven, due to the higher growth of higher margin retail, although these gains have been partially offset by adverse currency movements. Net cash stood at £80m at the period end, compared with £67m last year. The company has also appointed Nick Tatum (from Tesco) as Global Retail Director, with responsibility for retail operations and logistics. The better than forecast H1 sales growth has led us to increase our FY16 PBT forecast by £2m (3%) to £71m. This is notwithstanding the much tougher sales comparative in H2, including the key Christmas period, a likely management bonus (not paid last year) and a slightly slower trajectory on the US recovery plan. These increases roll through into our outer year forecasts as well. We now forecast H1 PBT of £19.0m, up 52% on last year's £12.5m, compared with the £17.5m - £18.5m range indicated in our note earlier this week - "Everywhere you turn is opportunity". The shares are trading on a cal 15E PER of 23.0x, falling to 19.5x for cal 16E. The corresponding EV/EBITDA ratios are 11.4x and 9.8x. Our recently increased and Quest® based TP of 1847p is unchanged.

SGP Supergroup Hargreaves Landsdown .........imply profit to BEAT full year expectations and considering SPECIAL Dividends HL COMMENT (5 NOVEMBER 2015) The latest trading update from Supergroup shows further strong Like-for-like (LFL) sales growth of 15% on top of a strong pace of new store openings, leading to retail sales growth of 30%. Gross margins are ahead of expectations, suggesting a good H1 profit outcome, albeit against weak comparatives. Wholesale performance shows growth of +8%, even after a negative currency impact. The shares rose by over 3% in early trading. Second half comparatives are tougher, but the Group enters the period with £80m of net cash, up £13m since year end. Range development sees focus on womenswear and new Sports and Snow categories launching. Full year profit is expected to be in line with expectations, though some will interpret today's statement as a nudge upwards. Space growth continues, with 11 stores opened, 8 overseas. The group is adding to its German portfolio and developing its Chinese joint venture. The resetting of the US business is underway, after an earlier hiccup. Our view: First half trading shows Supergroup trading well and confidently executing its strategy of expanding the international store base, as well as further building out the UK estate. Fashion is intrinsically risky; the more fashionable a retailer is trying to be, the more risks it has to take that its customers will look at the clothes and shudder. Get it right though, and the frocks fly out of the shops at outrageous price tags. SuperGroup had a few wobbles in the early years after listing. A relatively young, fast growing business, it quickly ran into growing pains as its infrastructure struggled to keep pace with demand. Management was also tested and eventually, CEO and co-founder Julian Dunkerton handed over the reins to Mr Sutherland, in order to concentrate on the branding and design. That's left the creative side of the business under the control of someone who clearly has flair, with a retailer accustomed to running a large, complex business in charge of the mechanics. That makes a lot of sense to us. The group has £80m of net cash and aims to start paying dividends in the current year. Analysts are penciling in a payment of 20.0p for FY16, which equates to a yield of 1.3% (variable and not guaranteed). The group will also consider special dividends and share buybacks as a way of returning excess cash to shareholders. Fashion can be risky, but the Superdry brand has shown it can travel well and the business is still immature. Growth through new openings, or buying in franchisees should be capable for some time to come. So long as Mr Dunkerton keeps sending the right outfits down the catwalk.

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