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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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Analysts Are Divided On Dick's Sporting Goods Despite Huge Q3 Beat
Wednesday, November 27, 2019 - 2:43pm | 589Dicks Sporting Goods (NYSE: DKS) shares skyrocketed after the retailer delivered a big third quarter earnings beat on Tuesday. The company reported a 6% comp gain, its strongest same-store sales since 2013. Premium Footwear Is Boosting Brand Image Following the positive report, Bank of America...
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Best Buy Soars On Q3 Earnings Beat, But Tariffs Remain A Concern
Wednesday, November 27, 2019 - 12:55pm | 761Best Buy Co Inc (NYSE: BBY) shares hit a 52-week high Tuesday after reporting a third-quarter earnings beat. Tariffs At Front Of Mind For Best Buy Analysts High-quality growth is priced into Best Buy shares, as investors are “increasingly willing to pay a premium” for the...
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Sell-Side Is Constructive On Lowe's After Q3 Earnings Beat
Thursday, November 21, 2019 - 2:14pm | 588Lowe's Companies, Inc. (NYSE: LOW) continues to put up strong margins even on below-expected sales, and the U.S. picture for home improvement is good and likely to improve into next year, sell-side analysts said. Lowe's put up a strong third-quarter earnings beat on Wednesday and raised...
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These Analysts Loved Target's Q3 Earnings, And Think The Retailer Will Win The Holiday Wars
Thursday, November 21, 2019 - 11:26am | 904Target Corporation (NYSE: TGT) soared 14% after reporting third-quarter beats on Wednesday. Sales and margin upside drove bottom-line outperformance, and 4.5% comps confirmed traffic strength, apparel strength and market share gains in major categories. Inventories fell 8% year over year, and store...
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Experts React To Nike's Q3: Were Expectations Too High?
Friday, March 22, 2019 - 10:08am | 470Nike Inc (NYSE: NKE) reported fiscal third-quarter results Thursday that sent the stock lower as investors showed signs of concerns with poor North American sales. Poser: Expectations Were High Nike was up against high expectations in the recent quarter, and when investors take a...
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Barclays Turns Bearish On Bed Bath & Beyond Amid Turnaround Efforts
Monday, March 4, 2019 - 3:23pm | 412Specialty home goods retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) has failed to show signs of success in restructuring its business, and there is little reason to believe an inflection point is coming, according to Barclays. The Analyst Barclays' Matthew McClintock downgraded Bed...
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Sell-Side Raise AutoZone Price Targets Following Big Earnings Beat
Wednesday, February 27, 2019 - 1:21pm | 711AutoZone, Inc. (NYSE: AZO) posted a major bottom-line beat in its second-quarter earnings report. Earnings per share of $11.49 far exceeded a $9.99 Street estimate, while sales of $2.451 billion marginally surpassed $2.45-billion forecasts. “Commercial comps continued to trend in +LDD [low-...
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Analysts Cautious On Williams-Sonoma After Q3 Print
Friday, November 16, 2018 - 3:57pm | 550Kitchenware and home furnishing retailer Williams-Sonoma, Inc. (NYSE: WSM) reported mixed third-quarter results Thursday and cautious guidance for the holiday quarter. Here's how the Street reacted to the print — and the stock's subsequent sell-off. The Analysts...
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Sell-Side Overwhelmingly Bullish On Nike Despite Post-Earnings Pullback
Wednesday, September 26, 2018 - 1:52pm | 552Nike Inc (NYSE: NKE) shares are down despite reporting a first-quarter beat that has the company on track to do roughly $40 billion in sales in 2019. The Analysts Weigh In Stifel analyst Jim Duffy said Nike’s first quarter was a strong start to the year that showcased acceleration in...
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Dicks Sporting Goods Faces An Unlikely Competitor, Barclays Says
Monday, February 5, 2018 - 5:40pm | 502Dicks Sporting Goods Inc (NYSE: DKS) may not be the Best Buy Co Inc (NYSE: BBY) of the sporting goods industry after all, according to a new Barclays report. The Analyst Matthew McClintock downgraded Dicks Sporting Goods from Equal Weight to Underweight and lowered the price...
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On The Brink Of Best Buy's Q2, Barclays Stays Bullish
Monday, August 28, 2017 - 3:37pm | 384Ahead of Best Buy Co Inc (NYSE: BBY)'s second-quarter earnings report set for Tuesday, Barclays is increasing its estimates on the quarter as well as estimates for fiscal year 2018 and 2019. Flirting with new 52-week highs last week, Best Buy historically has taken share amid the ongoing industry...
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Barclays Says If Foot Locker Never Grows Again, It's Still Worth More Than It's Trading At Now
Friday, August 4, 2017 - 7:53am | 319While the retail footwear industry has experienced some tough times given major brands increased focus in e-commerce and direct to consumer sales, if Foot Locker, Inc. (NYSE: FL) were to never grow again, Barclays believes it's still under valued. “In a scenario where Foot Locker does not...
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2 Hurdles Nike Needs To Clear
Monday, June 19, 2017 - 2:59pm | 470Nike Inc (NYSE: NKE) may have slowed down, but it could catch a second wind yet, according to Barclays analyst Matthew McClintock. The analyst reiterated an Overweight rating and $65 price target. McClintock sees two clear sides to the recent controversy over Nike’s performance: long-only...
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Wall Street Reacts To Nike's Q3 Results
Wednesday, March 22, 2017 - 2:50pm | 844Nike Inc's (NYSE: NKE) revenue miss in its third quarter earnings report resulted in a more than 5 percent decline in the stock. As investors sent a clear signal they aren't impressed with the report and the company's outlook, were Wall Street analysts equally as disappointed? Don...