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[QUOTE]Originally posted by cashmakers: [QB] VALUELINE raise its target on GYMB from range $17-30 last week to today's $20-$30, the lowest price for GYMB in the next 12 months above $20 and the Timeliness raised to No 1. recently. Here is the research report on GYMB on Nov 11. Sales trends at Gymboree appear to be improving markedly. In the last three-month period, the retailer of children's clothing registered better-than-anticipated same-store sales gains, aided by a continued pickup in the boys' category. Despite certain promotional events being pushed out later in the quarter, store traffic remained brisk and gross margins strengthened. Indeed, the gross margin improvement reflects a favorable customer response to the merchandise, leading to fewer markdowns and more full-priced selling. We've raised our earnings estimate for fiscal 2005 (ends January 28, 2006). Assuming mall traffic around the holidays doesn't slow, we expect a healthy finish to the year. Gross margins should benefit from several measures implemented recently, including supply-chain initiatives intended to lower product costs. Better coordinating the timing of product offerings with key selling seasons and running promotions at strategic times of the year are other steps being taken to shore up margins. Stable SG&A costs should increase leverage on the expense front, meantime. All told, we look for share-earnings to jump more than 55% this year. We also think a profit advance of about 23% is within reach in 2006, on wider margins and a lower share count. Long-term growth prospects seem encouraging, given the company's two other retail concepts. So far, the Janie & Jack chain is performing well. Customer traffic at the J&J shops, which offer premium-priced, high-quality apparel and gift items for newborns and toddlers, continues to be strong. GYMB expects this division to be slightly accretive to earnings this year and more so next year. Expanding the 60-store chain to 150-200 units over the next few years should help drive sales and profits. Although too early to tell, the Janeville concept, which is still in test mode, has the potential to make contributions in the coming years, as well. This assumes its line of casual apparel is accepted by its target market, women in their 30s. [/QB][/QUOTE]
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