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2 Analysts Break Down Ulta Beauty's Q4 Earnings, CEO Transition
Friday, March 12, 2021 - 3:59pm | 566Read More...Shares of Ulta Beauty Inc (NASDAQ: ULTA) were lower Friday after the beauty retailer announced Thursday afternoon its fourth-quarter results and a CEO transition. The Ulta Beauty Analysts: Credit Suisse analyst Michael Binetti maintains an Outperform rating on Ulta Beauty's stock with...
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What's Behind Bed Bath & Beyond CEO's Private Label Strategy?
Thursday, March 4, 2021 - 4:48pm | 380Read More...Home goods retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced Wednesday the launch of at least eight company-owned brands in reaction to a major "migration" among consumers towards private labels across the entire retail industry, Bed Bath & Beyond CEO Mark Tritton said on...
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Why This Analyst Is Still Bullish On Target After Q4 Results
Tuesday, March 2, 2021 - 5:10pm | 479Read More...Retailer Target Corporation (NYSE: TGT) reported Tuesday morning fourth-quarter results that came in better than expected and reinforced the bullish case for the stock, according to BofA Securities. The Target Analyst: Robert Ohmes maintains a Buy rating on Target's stock with a $260 price...
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The RealReal Missed On Earnings, But Analysts See Hope As Economy Reopens
Tuesday, February 23, 2021 - 6:50pm | 669Read More...RealReal Inc (NASDAQ: REAL) shares were trading lower Tuesday after the company reported earnings that missed expectations. On Monday, the RealReal reported a fourth-quarter adjusted loss of 49 cents per share, missing the Street estimate by eight cents. The company reported revenue...
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BofA Turns Bearish On Kroger Ahead Of Tough Comparisons
Tuesday, February 23, 2021 - 1:41pm | 291Read More...Grocery chain Kroger Co (NYSE: KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price...
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The Early Reaction To Walmart's Q4
Thursday, February 18, 2021 - 10:55am | 366Read More...Retail behemoth Walmart Inc (NYSE: WMT) reported fourth-quarter results Thursday morning, highlighted by a "very strong" comp performance and a commitment to raise the associate average pay to above $15 per hour, Jefferies analyst Steph Wissink said on CNBC. Walmart reported...
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This Analyst Says Bed Bath & Beyond Has 'Many New Tools In The Basket'
Thursday, February 11, 2021 - 3:20pm | 363Read More...Home goods retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) has "many new tools in the basket" that position the home goods retailer to achieve its 2023 profit objectives, according to BofA Securities. The Bed Bath & Beyond Analyst: Curtis Nagle upgraded Bed Bath & Beyond ...
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Why BofA Is Bullish On Best Buy, Bearish On Sleep Number
Thursday, February 4, 2021 - 3:53pm | 525Read More...BofA Securities analysts revisited their prior stance on the retail sector and presented a pair trade Thursday: bullish on electronics retailer Best Buy Co Inc (NYSE: BBY) and bearish on bed manufacturer and retailer Sleep Number Corp (NASDAQ: SNBR). The Best Buy, Sleep Number Analyst: Curtis Nagle...
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2 Analysts Downgrade Bed Bath & Beyond, Stock Still Pops 30%
Wednesday, January 27, 2021 - 4:30pm | 406Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) offers investors a compelling recovery story but the stock's run to north of $50 per share prompted two analysts to downgrade the stock. The Bed Bath & Beyond Analysts: Wedbush analyst Seth Basham downgraded Bed Bath & Beyond from...
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Telsey Downgrades GameStop, Expects Shares To Return To A 'More Normal' Valuation
Monday, January 25, 2021 - 12:24pm | 328Read More...Shares of GameStop Corp. (NYSE: GME) soared nearly 1,000% since Telsey Advisory Group upgraded the stock in September and the run "far exceeds our high fundamental expectations." The GameStop Analyst: Joseph Feldman downgraded GameStop from Outperform to Underperform with a price...
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Morgan Stanley Upgrades Sally Beauty And Williams-Sonoma, Downgrades 4 Others
Wednesday, January 20, 2021 - 2:06pm | 643Read More...Morgan Stanley analysts revisited the entire Hardline, Broadline, and Food retail category with two upgrades and four downgrades. The Retail Analyst: Simeon Gutman upgraded: Sally Beauty Holdings, Inc. (NYSE: SBH) from Underweight to Equal-Weight, price target lifted from $9 to $13. Williams-Sonoma...
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How Did Retail Perform During The Holidays?
Wednesday, January 13, 2021 - 8:35am | 369Read More...2020 may seem like a distant memory and we may have confirmation of how retailers performed throughout the holiday period, according to foot traffic analytic firm Placer.ai. 'Tremendous Resiliency': Retail foot traffic at 30 of the top retailers were down 48.1% year-over-year in May and...
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Why The Year Ahead Looks Promising For Bed Bath & Beyond
Tuesday, January 5, 2021 - 4:35pm | 340Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) is scheduled to report fiscal third-quarter results on Thursday and foot traffic analytics company said the home goods retailer could close 2020 as a winner. What Happened: Bed Bath & Beyond reported a surprise profit in its fiscal second-quarter report...
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Black Friday Shopping Is A Little Different This Year: Could It Stay This Way Forever?
Friday, November 27, 2020 - 10:45am | 428Read More...The concept of Black Friday sales has been replaced with a holiday shopping season that started in October, according to SW Retail Advisors Stacey Widlitz. Six Week Event: Most retailers kicked off their "Black Friday sales" six weeks ago at around the same time Amazon.com, Inc. (...
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Analysts React To Gap's Earnings Miss, 20% Fall: Near-Term Visibility Diminished
Wednesday, November 25, 2020 - 2:45pm | 431Read More...Gap Inc (NYSE: GPS) reported third-quarter results that fell short of expectations and investors weren't buying management's optimistic tone. Gap reported quarterly earnings of 25 cents per share, which missed the analyst consensus estimate of 32 cents by 21%. Sales of $3.994 billion beat...
