Boston, MA 06/26/2014 (wallstreetpr) – Zulily Inc (NASDAQ:ZU) closed up almost 10 percent on Wednesday following the positive note from analysts at investment bank Goldman Sachs Group Inc (NYSE:GS). The analysts raised their view on the stock of Zulily to a Buy from Neutral status. They also followed the rating upgrade with a boost in the price target whereby they issued a 12-month price target of $50 per share, from $47.
According to the analysts, the hyper growth of Zulily Inc (NASDAQ:ZU) is something that warrants attention. As a matter of fact, the analysts believe that the company, which targets moms, could exceed $1 billion in annual sales this year, therefore, joining the ranks of Amazon.com Inc (NASDAQ:AMZN) and Old Navy, which have attained that critical milestone in sales. As for Zulily, that achievement will be coming in its fifth year of operation.
The company’s robust growth is linked to its aggressive pricing strategy that has helped it gain market share at a faster rate at the expense of its rivals. Zulily Inc (NASDAQ:ZU) performed its IPO last November whereby shares were offered at $22 apiece and peaked above $73 early this year.
Shares of dELiA*s, Inc. (NASDAQ:DLIA) were lively on Wednesday following reports that a prominent hedge fund possibly increased its stake in the company. Omega Advisors, which is advised by Leon Cooperman and owned 4.76 million shares in DLIA as of October 2013, has been revealed to own 8.51 million shares in the company in the latest SEC filing. The latest equity holding represents about 11.42 percent of the outstanding common stock.
The company announced that its shareholders approved $24.1 million in note offering proceeds for general corporate purposes. dELiA*s (NASDAQ:DLIA) also gained a go-ahead to increase its authorized shares.
Lake Shore Gold Corp. (TSE:LSG) predicts 2014 to be a good year for balance sheet. As if to give credence to that optimistic view, the company recently reduced its outstanding principal debt by $10 million, making its total debt repayment this year so far to $16 million. That is happening at a time when the company cites improving performance and lower costs in its operations, which is strengthening its cash position.