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Wall Street Weighs In On Lululemon's Mirror Acquisition
Tuesday, June 30, 2020 - 3:30pm | 687Lululemon Athletica Inc (NASDAQ: LULU) shares gained 5.5% on Tuesday after the company announced a $500 million buyout of in-home fitness company Mirror. Mirror is Lululemon’s first major acquisition, and the deal is expected to close in the second half of the year. New Way To Connect Bank of...
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KeyBanc Stretches Peloton Price Target On At-Home Exercise Opportunity
Wednesday, June 24, 2020 - 10:42am | 313Peloton Interactive, Inc. (NASDAQ: PTON) shares spiked Wednesday after a KeyBanc Capital Markets analyst raised their price target on the stock. The Peloton Analyst: Edward Yruma maintained an Overweight rating on Peloton with a price target lifted from $55 to $70. The Peloton...
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6 Lululemon Analysts On Q1 Performance, Coronavirus Strategy
Friday, June 12, 2020 - 12:34pm | 842Lululemon Athletica Inc (NASDAQ: LULU) posted a 17% revenue decline in the first quarter Thursday despite 68% e-commerce growth. Earnings of 22 cents per share missed the Street estimate by a penny, while gross margins beat the consensus by more than 100 basis points. “We come...
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Wall Street Weighs In On Target's Q1 Earnings
Thursday, May 21, 2020 - 12:35pm | 520Target Corporation (NYSE: TGT) reported some impressive first-quarter numbers on Wednesday, but the market response has been lackluster due to concerns over slumping margins. Target reported adjusted EPS of 59 cents on revenue of $19.62 billion. Both numbers beat consensus analyst estimates of 40...
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A Modern Retail Winner: Wall Street Bullish On Walmart Following Big Q1
Wednesday, May 20, 2020 - 10:16am | 609Walmart Inc (NYSE: WMT) shares are ticking higher after falling Tuesday following the retail giant's better-than-expected earnings numbers amid the COVID-19 crisis. Walmart reported 74% online sales growth and 10% same-store sales growth in the first quarter. Walmart also reported EPS of $1.18 on...
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Amazon Analysts React To Q1 Earnings: Stock Sell-Off Is Short-Sighted
Friday, May 1, 2020 - 11:55am | 1036Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by more than 7% on Friday after the company missed first-quarter earnings estimates and said it plans to spend $4 billion in the second quarter combatting the coronavirus (COVID-19). Amazon reported first-quarter EPS of $5.01, short of consensus...
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3 Analyst Takes On eBay After 'Big Improvement' In Q1
Thursday, April 30, 2020 - 4:18pm | 622Online e-commerce platform eBay Inc (NASDAQ: EBAY) reported first-quarter results Wednesday that were highlighted by a lift in gross merchandise value due to the coronavirus pandemic. Here's how three Street analysts reacted to the print. The eBay Analysts Morgan Stanley Brian Nowak...
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Target Analysts React To Q4 Earnings, Investor Day Presentation
Wednesday, March 4, 2020 - 2:39pm | 598Target Corporation (NYSE: TGT) reported fourth-quarter results Tuesday morning, followed up with an investor day presentation. Here is a summary of how some of the Street's top analysts reacted to management's discussion and presentation. The Target Analyst Stifel analyst Mark Astrachan...
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KeyBanc Initiates On Gig Economy: Likes Ridesharing, Waits On GrubHub
Friday, February 28, 2020 - 11:05am | 425The gig economy continues to expand, and the transportation-based marketplace is adding innovative services. But KeyBanc’s eye is on some of the earliest movers. The Ratings KeyBanc analysts Edward Yruma and Matthew DeGulis initiated coverage on: GrubHub Inc (NYSE: GRUB) with a Sector Weight...
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Amazon Delivers In A Big Way And Analysts Say There's Even More Upside
Friday, January 31, 2020 - 12:47pm | 934Amazon.com, Inc. (NASDAQ: AMZN) is delivering returns to investors even faster than it can deliver stuff to your door. Amazon's stock was surging Friday as investors responded to the delivery giant's strong fourth-quarter print, sending the company's market valuation above $1 trillion....
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L Brands Has A 'Path To Value Creation' By Shedding Victoria's Secret, KeyBanc Says
Tuesday, January 21, 2020 - 1:11pm | 410Victoria's Secret parent company L Brands Inc (NYSE: LB) has a "path to value creation" by selling its fashion business to better focus on its Bath & Body Works unit, according to KeyBanc Capital Markets. The Analyst Edward Yruma upgraded L Brands from Sector Weight to Overweight...
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Lululemon Analysts Bullish After Q3 Print Amid High Expectations
Thursday, December 12, 2019 - 12:21pm | 918Lululemon Athletica Inc (NASDAQ: LULU) shares are trading down sharply despite the retailer's third-quarter earnings and sales beat on Wednesday. Here's what Wall Street analysts have to say. Piper Jaffray: Lululemon Loyalty Program Shows Promise Analyst Erinn Murphy...
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Citron Thinks Peloton's Stock Is Going To $5, Compares It To GoPro
Tuesday, December 10, 2019 - 4:05pm | 532Peloton Interactive Inc (NASDAQ: PTON) shares hit the skids on Tuesday after Citron Research editor and notorious short seller Andrew Left bashed the stock and said its share price is heading to $5 by the end of 2020. Valuation In Focus Left said Peloton’s valuation doesn’t make sense...
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Street Stays Bullish On Stitch Fix, New 'Direct Buy' Features
Tuesday, December 10, 2019 - 1:40pm | 539Stitch Fix Inc (NASDAQ: SFIX) shares are surging after reporting a first-quarter earnings and sales beat. Stitch Fix earnings came in flat, beating estimates by 6 cents per share. The company reported quarterly sales of $444.8 million, which beat the analyst consensus estimate of $441 million. This...
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Analysts React To Gap's Q3 Earnings Beat, Target Taking Market Share From Old Navy
Friday, November 22, 2019 - 4:34pm | 735Gap Inc (NYSE: GPS) shares are moving higher one day after reporting a third-quarter earnings beat, despite seeing all three of its main segments deliver negative comps. Wells Fargo With Gap’s third-quarter outlook and CEO departure pre-announced earlier in the month, analyst Ike...