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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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'Their Model Continues To Thrive': TJX Analysts React To Q3 Earnings Beat
Wednesday, November 20, 2019 - 6:12pm | 741TJX Companies Inc (NYSE: TJX) shares are falling one day after the retailer reported a third-quarter earnings beat. Morgan Stanley Analyst Kimberly Greenberger said she sees off-price share gains from department stores, specialty and discount retailers continuing. “Off-price...
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What The Street Thinks Of Under Armour's Q3 Beat As Accounting Investigation Continues
Wednesday, November 6, 2019 - 12:01pm | 726Under Armour Inc (NASDAQ: UAA) shares are recovering slightly after suffering a massive drop Monday after the company confirmed it's facing an investigation by the Securities and Exchange Commission and Justice Department into its accounting practices. On Monday, the apparel company reported a...
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'Significant Risk': Under Armour Analysts On Federal Investigation Of Apparel Company's Accounting
Tuesday, November 5, 2019 - 3:48pm | 624Under Armour Inc (NASDAQ: UAA) reported a solid third-quarter earnings beat Monday, but was any upside was drowned out by the news that the company's accounting is the subject of a probe by the SEC and Justice Department. The sportswear company is being investigated for its revenue-recognition...
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Facebook's Strong Quarter, Outlook Have Sell-Side Hitting Like On The Stock
Thursday, October 31, 2019 - 12:45pm | 664Facebook Inc. (NASDAQ: FB) was a pleasant surprise to analysts with third quarter ad revenue growth up 31% year over year to beat Street estimates by nearly 2%, with operating income about 13% above the consensus forecast. Both daily and monthly active users of the platform continued to increase,...
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Analyst: Verizon Partnership Is Great News For Disney, Bad News For Netflix
Wednesday, October 23, 2019 - 9:12am | 490Verizon Communications Inc. (NYSE: VZ) believes in the magic of Walt Disney Co (NYSE: DIS). The company announced Tuesday its 4G LTE wireless, 5G unlimited wireless and Fios home Internet customers will receive 12 months free access to the Disney+ streaming service. The Street considers the deal a...
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Analyst Blasts Tapestry For 'Lack Of Innovation'
Friday, August 16, 2019 - 1:39pm | 564Coach and Kate Spade parent company Tapestry Inc (NYSE: TPR) saw its stock lose nearly one quarter of its value Thursday in reaction to a poor fiscal fourth-quarter earnings report. Two analysts debated if investors should buy the dip or stay clear. Tigress: Where's The Innovation? The Kate...
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Momentum And Discipline: The Street Weighs In On Walmart
Friday, August 16, 2019 - 11:22am | 577Walmart Inc (NYSE: WMT) reported second-quarter results on Thursday, highlighted by strong U.S. comps and the 16th EPS beat out of the past 17 quarters. The Analysts KeyBanc Capital Markets analyst Edward Yruma maintains an Overweight rating on Walmart with a price target lifted from $125 to $128....
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'Race Against Time': Experts React To Disney's Q3
Wednesday, August 7, 2019 - 2:16pm | 705Walt Disney Co (NYSE: DIS) shares had lost more than 6% by Wednesday afternoon after the media and entertainment giant released a worse-than-expected third-quarter earnings report Tuesday. Morgan Stanley's Q3 Takeaways Disney's third-quarter showed a segment operating income miss of $3.96...
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The Street's Wide-Ranging Take On Molson Coors Earnings, CEO Change
Thursday, August 1, 2019 - 4:42pm | 604Molson Coors Brewing Co (NYSE: TAP) hit multi-year lows Wednesday after reporting second-quarter sales, gross profit and operating income below the Street's expectations. The company also unexpectedly announced Gavin Hattersley will replace Mark Hunter as CEO. Multiple Street analysts weighed...
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Analysts Dissect Reports Of Nordstrom Family's Play For Majority Stake In Retailer
Thursday, August 1, 2019 - 3:32pm | 666The Wall Street Journal reported Wednesday that the Nordstrom family is looking to gain a majority stake in Nordstrom, Inc. (NYSE: JWN), the high-end fashion retailer that bears the family's name. Here's how the Street reacted. The Analysts Credit Suisse's Michael...
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Analyst Explains Why Boeing's $4.9B Charge Announcement Is Encouraging
Friday, July 19, 2019 - 12:46pm | 612Boeing Co (NYSE: BA) announced Thursday afternoon it will take a $4.9 billion charge in second-quarter results as part of "considerations to customers for disruptions" related to the grounding of its 737 Max. Despite what appears to be a negative headline, several Street analysts...
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Bernstein Downgrades Beyond Meat Amid Growing Valuation Concerns
Wednesday, June 12, 2019 - 9:36am | 419Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) received its second analyst downgrade in as many days on Wednesday. The Analyst Bernstein's Alexia Howard downgraded Beyond Meat from Outperform to Market Perform with a price target lifted from $107 to $123. The Thesis Beyond Meat could...
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Is The End Of 'Game Of Thrones' A Problem For HBO?
Sunday, May 26, 2019 - 5:29pm | 895Is the game up on HBO now that time is up on “Game of Thrones?” Many Wall Street media watchers say HBO and its parent company AT&T Inc., (NYSE: T) are likely to weather the loss of the Sunday night viewing phenomenon just as the network did after other hits, such as when...