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Paul Lejuez returns to third place after dipping to runner-up last year. “Many of the defensive names are overloved, so look for names where you get more for your money,” the Nomura Securities International analyst advises. Lejuez broke with the consensus in November 2010 when he declared that discount clothing stores would be helped, rather than hindered, by rising apparel prices. He launched coverage on Pleasanton, California–based Ross Stores that month with a buy, at a split-adjusted $30.80. In July 2012, after the stock had bolted an amazing 115.6 percent, to $66.39, he downgraded it to neutral, primarily on valuation. By the end of August, the shares had inched up to $69.19. “Paul has great insight into where industry trends may go and which companies will succeed,” lauds one portfolio manager. RUNNER(S)-UP Lorraine Hutchinson Bank of America Merrill Lynch Randal Konik Jefferies & Co. Omar Saad ISI Group |
Consumer – Retailing/Speciality Stores: 2012 Third
