Goldman Sachs Lowers Target Price for XTEP INT'L (01368) to HK$6.80, Maintains "Buy" Rating

Stock News

Oct 20

Goldman Sachs has released a report indicating that XTEP INT'L (01368) announced its operational performance for the third quarter of 2025. The retail sales of its core brand XTEP grew year-on-year as expected, while the Saucony brand saw an increase of over 20%, slightly below expectations. The target price has been reduced from HK$7.10 to HK$6.80 to reflect soft overall industry demand and short-term market sentiment amid discounting trends. The company currently has a projected price-to-earnings ratio of 9 times for 2026, which is deemed reasonable, and thus, the "Buy" rating is maintained. The company reaffirmed its full-year guidance, forecasting positive growth for the XTEP brand, over 30% growth for the Saucony brand, and a net profit increase of over 10%. After a comprehensive assessment, Goldman Sachs has slightly adjusted its net profit forecasts for XTEP INT'L for the fiscal years 2025 to 2027 by 2% to 3%, primarily reflecting a decline in the profitability of the Bubugao brand and a slowdown in growth for Saucony.

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The retail sales of its core brand XTEP grew year-on-year as expected, while the Saucony brand saw an increase of over 20%, slightly below expectations. The target price has been reduced from HK$7.10 to HK$6.80 to reflect soft overall industry demand and short-term market sentiment amid discounting trends. The company currently has a projected price-to-earnings ratio of 9 times for 2026, which is deemed reasonable, and thus, the \"Buy\" rating is maintained. The company reaffirmed its full-year guidance, forecasting positive growth for the XTEP brand, over 30% growth for the Saucony brand, and a net profit increase of over 10%. After a comprehensive assessment, Goldman Sachs has slightly adjusted its net profit forecasts for XTEP INT'L for the fiscal years 2025 to 2027 by 2% to 3%, primarily reflecting a decline in the profitability of the Bubugao brand and a slowdown in growth for Saucony.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01368","symbol_name":"特步国际","start_time":0,"source_url":"","article_id":"1129173785","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129173785","pubTimestamp":1760946609,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Goldman Sachs has released a report indicating that XTEP INT'L (01368) announced its operational performance for the third quarter of 2025. 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