Vista Partners Updates Coverage on Epic Stores Corp. (Ticker: EPSC); $2.25 Price Target
Vista Partners announced that it has updated coverage on Epic Stores Corp. (OTCBB: EPSC) (“The Company,” or “EPSC”) and maintained its twelve-month price target of $2.25. Ross Silver, Principal Analyst at Vista Partners, stated, “While many retail businesses close their doors every day, the resale category, in which Epic Stores operates, remains healthy and continues to be one of the fastest growing segments of retail. With new stores entering the industry and current establishments opening additional locations, the industry has experienced a growth—in number of stores—of approximately 7% a year for the past two years. Resale (or Thrift) is a multi-billion dollar a year industry. First Research estimates the resale industry in the U.S. to have annual revenues of approximately $16 billion including revenue from antique stores which are 13% of their statistics. Goodwill Industries alone generated $5.37B in retail sales from more than 3,000 Not For Profit resale stores and their online auction website in 2014.
To download a FREE copy of the Epic Stores Corp. research report, please visit http://www.vistapglobal.com and click the “download research” icon to gain access to the report. The SPDR S&P Retail ETF (NYSE: XRT) is up approximately 4% in 2016.
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm’s professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista’s mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.
For a full list of disclaimers and disclosures, please visit our website www.vistapglobal.com or click here. Vista Partners can be reached for further comments at 1-877.215.4813 or firstname.lastname@example.org.