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AutoZone's Solid Q3 Results, Strong Hub Strategy Keep UBS Bullish
Wednesday, May 22, 2019 - 10:29am | 391Despite a slower start to the quarter, AutoZone, Inc. (NYSE: AZO) reported strong third-quarter results Tuesday. Parts availability has been a key driver of performance, and this was supported by the company’s hub strategy, according to UBS. The Analyst Michael Lasser maintained a Buy...
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Analysts React To Walmart's Q1 Earnings
Friday, May 17, 2019 - 2:05pm | 590Retail behemoth Walmart Inc (NYSE: WMT) reported first-quarter results highlighted by a big earnings beat, a 3.4 percent U.S. comp growth and 37 percent e-commerce growth. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Raymond James' Budd...
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Questionable Strategy, Disappointing Report: Analysts React To Bed Bath & Beyond's Q4 Earnings
Thursday, April 11, 2019 - 12:54pm | 537Home goods retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) on Wednesday reported fiscal fourth-quarter results that came in better than expected, but guidance for the coming year disappointed. Here is a summary of how some of the Street's top analysts reacted to the print and guide. The...
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Street Reacts To Dick's Sporting Goods Q4 Earnings, Stock Drop: Stay On The Sidelines
Wednesday, March 13, 2019 - 10:34am | 937Retailer Dicks Sporting Goods Inc (NYSE: DKS) on Tuesday morning reported fourth-quarter results that came in better than expected. Gross margins fell during the quarter and management offered concerning guidance for 2019. Here is a summary of how some of the Street's top analysts reacted to...
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UBS Stays Bearish On Office Depot After Q4 Print
Thursday, February 28, 2019 - 12:23pm | 411Although Wednesday's fourth-quarter results indicate that Office Depot Inc (NASDAQ: ODP) has made progress with its turnaround, the company continues to face challenges, according to UBS. The Analyst Analyst Michael Lasser maintained a Sell rating on Office Depot and raised the...
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Pier 1 In Freefall After Rocky Q3 Print
Thursday, December 20, 2018 - 4:14pm | 449Pier 1 Imports Inc (NYSE: PIR) shares are in disaster mode after suffering through another disappointing earnings release Wednesday that saw CEO Alasdair James step down. Third-quarter earnings came in at a 36-cent-per-share-loss, missing estimates by 30 cents. At $413.232 million, sales fell short...
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What The Street Is Saying After RH's Strong Q3 Print
Tuesday, December 4, 2018 - 2:41pm | 815Luxury home furnishing retailer RH (NYSE: RH), formerly known as Restoration Hardware, reported a blowout third-quarter earnings highlighted by a top-and-bottom line beat, an upward revision to management's fourth quarter and full year 2018 outlook, and encouraging 2019 guidance. On Tuesday...
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The Street Reacts To Home Depot's Q3 Beat
Wednesday, November 14, 2018 - 12:52pm | 685Do-it-yourself home improvement retailer Home Depot Inc (NYSE: HD) reported third-quarter results Tuesday morning its which came in better than expected while management lifted its full year sales and profit forecast. Here's how some of the Street's analysts reacted to the print. The...
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Wall Street Debates Kroger After Disappointing 2018 Outlook
Monday, March 12, 2018 - 4:35pm | 606Grocery giant Kroger Co (NYSE: KR) reported fourth-quarter results that were mostly in-line with expectations, but its outlook for the full fiscal year sent the stock lower last week. The Analysts BMO Capital Markets' Kelly Bania maintains a Market Perform rating on Kroger'...
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Analysts Look For Value In Dollar General After Q3 Report
Wednesday, December 13, 2017 - 10:45am | 791Dollar General Corp. (NYSE: DG) reported mixed earnings before the open Dec. 7, with same-store sales exceeding expectations but a decrease in net income. Here's how Wall Street reacted: Morgan Stanley: Growth Continues Morgan Stanley's Vincent Sinisi reiterated an...
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What Everyone Needs To Remember About Costco
Friday, October 6, 2017 - 8:49am | 394Shares of Costco Wholesale Corporation (NASDAQ: COST) were trading lower by over 4 percent early Friday morning after the company's earnings report came in better than expected. Despite the positive print, many investors felt it still fell short. Following the earnings report, UBS's Michael Lasser...
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Analyst: Expect Another Stellar Quarter From Costco
Thursday, October 5, 2017 - 10:05am | 610Costco Wholesale Corporation (NASDAQ: COST) is scheduled to release its fiscal year fourth-quarter results after the market close Thursday. Commenting on the impending financial results, UBS said Costco appears well positioned to post another solid quarter. As such, the firm maintains its Buy...
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Tractor Supply Downgraded; What's A Fair Value For The Stock Now?
Monday, October 2, 2017 - 9:21am | 444Analysts at UBS parted ways with their bullish stance on Tractor Supply Company (NASDAQ: TSCO), despite the stock's 16-percent decline since the start of 2017. The firm's Michael Lasser downgraded Tractor Supply's stock rating from Buy to Neutral with a price target lowered from $67 to $62. The...
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Pier 1's E-Commerce Channel Is Cannabalizing Stores
Thursday, September 28, 2017 - 3:27pm | 463The assault on brick-and-mortar retail continues. Pier 1 Imports Inc (NYSE: PIR) shares are plummeting, down over 9 percent despite delivering a slight second-quarter earnings and sales beat. The home retail store saw comps up 1.8 percent in the second quarter but forecasts sales to decline 1...
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Bed Bath & Beyond's Not-So-Cozy Quarter Keeps Sell-Side Sidelined
Thursday, September 21, 2017 - 9:29am | 661Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported Tuesday after the market close second-quarter earnings of 67 cents per share, which included charges amounting to 11 cents per share, compared to $1.11 per share last year. Net sales fell 1.7 percent year over year to $2.9 billion on the back of...