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Analysts Aren't Impressed With GameStop's Quarter Or Future
Thursday, September 10, 2020 - 12:06pm | 337GameStop Corp (NYSE: GME) reported second-quarter earnings after the market close on Wednesday. GameStop reported revenue down 26.7% year over year to $942 million. Quarterly losses of $1.40 per share missed the analyst consensus estimate by 37 cents. The GameStop Analysts: Credit Suisse analyst...
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6 Reasons Why This Michaels Analyst Is Turning Bullish
Friday, September 4, 2020 - 10:46am | 365Arts and crafts retailer Michaels Companies Inc (NASDAQ: MIK) is an "attractive self-help story" with near- and long-term catalysts that will drive the stock higher, according to Credit Suisse. The Michaels Analyst: Seth Sigman upgraded Michaels Companies from Neutral to Outperform...
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Target Analysts React To Pandemic Business Update, Credit Suisse Sees Long-Term Positives
Wednesday, March 25, 2020 - 2:51pm | 749Department store Target Corporation (NYSE: TGT) released a business update on sales trends Wednesday as shoppers flock to stores to stock up in the face of a pandemic. Target's Update Target said it is experiencing "unusually strong" traffic and sales, especially...
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Analysts Debate If GameStop Can Power Back Up
Wednesday, December 11, 2019 - 12:08pm | 654GameStop Corp. (NYSE: GME) reported third-quarter results highlighted by a notable earnings miss, a 30% drop in sales and a downward revision to 2019 guidance. The stock reacted sharply to the downside and analysts debated how much power is left in the retailer's life bar. The Analysts...
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Credit Suisse Now Favors Lowe's Stock Over Home Depot
Wednesday, November 6, 2019 - 4:00pm | 494Credit Suisse downgraded the home improvement space more than a year ago amid concerns of a slowdown in home price appreciation and rising interest rates. For the most part, these trends played out and a fresh look at the segment points to gradually improving demand for home improvement retailers...
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Market Loves Bed Bath & Beyond CEO Hire, But Analysts Warn Turnaround Is A Tough Job
Thursday, October 10, 2019 - 11:17am | 674Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares surged 25% Thursday after announcing it has hired Mark Tritton as its new CEO, stealing him from Target Corporation (NYSE: TGT). The move also drew praise from Wall Street analysts who said Tritton is a good fit for the housewares chain as it tries...
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Bed Bath & Beyond Analysts React To Q2 Print, Same-Store Sales Miss
Thursday, October 3, 2019 - 2:54pm | 890Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares were volatile Thursday in the wake of the retailer's second-quarter same-store sales miss. Credit Suisse analyst Seth Sigman said the second-quarter results were weak and point to a company still undergoing a transition. “The quarter...
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CarMax New Omni-Channel Strategy Seems To Work, But Comes With Near-Term Cost
Wednesday, September 25, 2019 - 1:05pm | 564CarMax, Inc. (NYSE: KMX) is in the early stages of a major change in sales strategy as it rolls out what it calls an omni-channel market, allowing customers to go through the whole car buying process online and have the car delivered to their home or work. Its second-quarter results Tuesday,...
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'Limited Scope, Time To Stage A Turnaround': GameStop Analysts React To Difficult Q2
Wednesday, September 11, 2019 - 11:59am | 691GameStop Corp. (NYSE: GME) continues to have a difficult year after reporting a second-quarter earnings miss Tuesday. Here's what the Street had to say. Credit Suisse: It May Get Worse Before It Gets Better Credit Suisse analyst Seth Sigman said in a Wednesday note that the retailer...
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Camping World Breaks Down After Q2 Earnings Miss: Wall Street Reacts
Thursday, August 8, 2019 - 5:15pm | 498Camping World Holdings Inc (NYSE: CWH) shares were crushed Thursday, one day after reporting a second-quarter earnings miss. The RV retailer reported second-quarter earnings of 46 cents per share, missing estimates by 23 cents. JPMorgan JPMorgan analyst Ryan Brinkman downgraded Camping World from...
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Credit Suisse Downgrades Michaels After Q1 Print
Friday, June 7, 2019 - 9:29am | 330Shares of Michaels Companies Inc (NASDAQ: MIK) hit a new 52-week low Thursday in reaction to its first-quarter results, which prompted Credit Suisse to move to the sidelines. The Analyst Credit Suisse's Seth Sigman downgraded Michaels from Outperform to Neutral with a price target lowered from...
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Analysts Like Target's Strong Comps, Interested In Move To Omnichannel Business
Thursday, May 23, 2019 - 1:08pm | 691Target Corporation (NYSE: TGT)'s strong sales numbers have the sell-side bullish, with particular interest in the legacy retailer’s addition of digital order fulfillment to its apparent strengths. Target beat analysts' estimates on both earnings and sales in its first quarter report...
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GameStop Falls As Credit Suisse Lowers Earnings Estimates, Price Target
Monday, May 20, 2019 - 12:06pm | 395Changing consumer preferences continue to be a challenge for GameStop Corp. (NYSE: GME), which saw its shares fall Monday as Credit Suisse lowered its price target and earnings estimates for the video game store chain. The Analyst Credit Suisse analyst Seth Sigman lowered his price target on...
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Bearish Analysts Discuss Williams-Sonoma's Strong Q4 Earnings
Thursday, March 21, 2019 - 1:28pm | 521Specialty retailer Williams-Sonoma, Inc. (NYSE: WSM) reported a better-than-expected fourth quarter report and encouraging guidance, but fell short of convincing three Street analysts to turn more positive on the stock. The Analysts Bank of America's Curtis Nagle maintains an Underperform...
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Home Depot Prospects Hampered By Housing Market Concerns
Wednesday, February 27, 2019 - 3:52pm | 590Home Depot Inc. (NYSE: HD) is a good retailer for people doing DIY home improvement projects, with a strong management team and a good outlook for improving sales, analysts say. But a key question is starting to emerge: are there enough fixer-upper jobs out there in what may be a slowing housing...