Jim Cramer's Retail Lighting Round: TJX Companies, Coach, Urban Outfitters and Dick's Sporting Goods
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer sheds light on this week's trending retail stocks including TJX Companies (TJX) - Get Report , Coach (COH) , Urban Outfitters (URBN) - Get Report and Dick's Sporting Goods (DKS) - Get Report .
"Target (TGT) - Get Report is not my favorite - TJX is by far my favorite -- there, they didn't under promise, they just over delivered," Cramer said. "I reiterate that TJX the best so far in the retailers." Cramer expects good results from Walmart (WMT) - Get Report and Gap (GPS) - Get Report , which release quarterly results on Thursday.
Meanwhile, Cramer said Coach was a very big disappointment. "Buried within the actual conference call was a dramatic lowering of the gross margins that no one was looking for and that was quite a surprise," Cramer said.
As for Urban Outfitters, Cramer said their conference call was about the progression of business in Anthropologie and Urban Outfitters throughout the quarter. "Each month was better than the last," Cramer noted.
When it comes to Dick's Sporting Goods, Cramer said their conference call was a disaster. "It talked about the need to be as promotional as possible," Cramer said. "It was a conference call that made you want to sell."
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