Mike Baker

Dicks Sporting Goods Inc (NYSE: DKS) landed another upgrade on Friday, in a positive sign for sports retail in 2018.  The Analyst Deutsche Bank analyst Mike Baker upgraded Dicks Sporting Goods from Hold to Buy and raised the price target from $33 to $39. The Thesis "After several...

Dicks Sporting Goods Inc (NYSE: DKS) experienced its greatest single day share decline after reporting weaker sales and earnings and cutting guidance in its second-quarter earnings report this week. The sporting goods leader was hit with a slew of downgrades, with increasing fears that defending...

Following Apple Inc. (NASDAQ: AAPL)'s fiscal year third-quarter results, Deutsche Bank said it views the accelerating iPhone unit and dollar trends and better-than-expected Americas revenues as a favorable read through for Best Buy Co Inc (NYSE: BBY). Analyst Mike Baker noted that iPhone trends...

Shares of Ulta Beauty Inc (NASDAQ: ULTA) peaked at $314.86 but have since pulled back to below the $300 level. Analysts at Deutsche Bank noted that retail stocks have been hard hit after Amazon.com, Inc. (NASDAQ: AMZN) announced it plans to acquire Whole Foods Market, Inc. (NASDAQ: WFM) and...

Deutschse Bank downgraded shares of O'Reilly Automotive Inc (NASDAQ: ORLY) and lowered its price target, citing three reasons. No. 1: Do-It-Yourself Undos Although analyst Mike Baker believes the company will remain the leader in both comps and operating margins, he thinks the incremental...

When hhgregg, Inc. (OTC: HGGGQ) filed for bankruptcy in early March, it indicated a plan to close 88 of its 220 stores. On Friday, the company announced it would be closing the remaining 132 stores. Best Buy Co Inc (NYSE: BBY) is likely to be the “biggest beneficiary of this news” and...

Ulta Beauty Inc (NASDAQ: ULTA) reported another better-than-expected quarterly print, with comp and EPS growth stole the limelight along with e-commerce, loyalty card and new product introductions being notable positives. Brief Recap Ulta reported fourth-quarter EPS $2.24 versus the estimated $2....

Deutsche Bank’s Mike Baker believes Dicks Sporting Goods Inc (NYSE: DKS)'s “share gain story still has legs,” and the company has “positioned itself to compete in the new retail landscape better than most in the sporting goods space.” The analyst maintains a Buy...

Deutsche Bank favors Dicks Sporting Goods Inc (NYSE: DKS) after peer Hibbett Sports, Inc. (NASDAQ: HIBB) issued a weak forecast for the fourth quarter and fiscal 2018. Trends In The Space Hibbett said its comps were hit due to weaker traffic during the holiday season and lower than expected sales...

Deutsche Bank maintains its Hold rating on the shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY), which reported third-quarter comps and EPS below plan, as the elections offset the positive sales momentum both before and afterwards, including a solid Black Friday. Quarterly Print Summary Q3 EPS...

Deutsche Bank maintains its Hold rating on Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA), despite its strong results, solely based on its high valuation. The stock has recouped its post-analyst day losses and at 28x Deutsche Bank’s FY 2017 and FY 2018 estimates of $8.14 and $9.79...