Burberry sells more but shares fall

Burberry announced on Tuesday it six months trading results to 31 March 2012.

The company saw total revenue of £1,027m, up 18% from last year and retail revenue up 23% to £743m. The quintessentially British fashion house's store sales saw 12% growth, with the UK, France and China the most profitable. Besides, Burberry's wholesale business grew 7% to £230m, with outerwear and leather goods proving popular categories. Its shares fell by nearly 6% by the market close Tuesday as investors were dragged down by the slowdown.

Meanwhile, The Zacks Consensus Estimates for Target Corporation (NYSE:TGT) have been portraying an upward trend as the analysts covering the stock have become more constructive after the company posted better-than-expected March sales results and raised its first-quarter 2012 earnings projection, analysts at Zacks Investment research advanced in a note to investors. “The Zacks Consensus Estimate for the first quarter of 2012 jumped 4 cents to $1.00 in the last 30 days. The Zacks Consensus Estimate for the second quarter remained constant at 98 cents in the last 30 days, as the revisions made by the analysts had a neutral impact on it. For fiscal 2012, the Zacks Consensus Estimate rose 4 cents to $4.25 in the last 30 days. For fiscal 2013, the Consensus Estimate increased by a couple of cents to $4.82.”

Finally, market is quite expectant about Luluelemon Athletica, which stock is trading near its 52-week high of roughly $75, and some think it still has a long way to go. Michelle Tan of Goldman Sachs gave a six-month price target of $85, while UBS's Roxanne Meyer gave a 12-month target of $91, as published by MSNBC.