-
What To Make Of L Brands' Q3, Leadership Change, Dividend Reduction
Tuesday, November 20, 2018 - 4:20pm | 681Read More...L Brands Inc (NYSE: LB), the parent company of multiple brands including Victoria's Secret and Bath & Body Works, reported a top- and bottom-line beat in its third-quarter results but also announced a 50-percent reduction in its dividend and named John Mehas as the new CEO of Victoria's...
-
Tuesday's Retail Earnings Roundup: Red Performance Across The Board
Tuesday, November 20, 2018 - 10:00am | 507Read More...Just days before Thanksgiving marking the unofficial start to the holiday buying season, multiple retailers reported Tuesday their third-quarter results. Here is a summary of how the group performed. Target Target Corporation (NYSE: TGT) earned $1.09 per share in the third quarter on revenue of $...
-
The Street Reacts To Walmart's Q3
Friday, November 16, 2018 - 12:24pm | 700Read More...Retailer Walmart Inc (NYSE: WMT) reported third-quarter results Thursday highlighted by an earnings beat and the 16th consecutive quarter of rising comparable store sales. Here's what Street analysts are saying after the print. The Analysts Barclays' Karen Short...
-
Argus: Don't Shop For JCPenney Stock
Friday, November 16, 2018 - 11:16am | 394Read More...Despite falling nearly 60 percent over the past year, Argus said in a downgrade note that J C Penney Company Inc (NYSE: JCP) still carries "elevated risk" from a technical and fundamental perspective. The Analyst Analyst John Eade downgraded J.C. Penney from Hold to...
-
The Street Reacts To Home Depot's Q3 Beat
Wednesday, November 14, 2018 - 12:52pm | 685Read More...Do-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...
-
Wells Fargo Turns Bullish On L Brands, Names 5 Turnaround Ideas
Monday, November 12, 2018 - 12:25pm | 479Read More...L Brands Inc (NYSE: LB) shares traded near the $100 per share level in late 2015 and early 2016, but have since fallen around 65 percent due to multiple execution missteps, according to Wells Fargo. Yet the bullish case for the parent company of Victoria's Secret can now be made for four key...
-
Is Walmart A Safe Play Ahead Of Earnings? These 2 Pros Say Yes
Wednesday, November 7, 2018 - 12:55pm | 377Read More...Retail stocks as a group have rebounded sharply from their October lows, but not enough to recapture multiyear highs. With the earnings season for the retail group approaching, should investors expect to see more gains or sell into the print? The Analysts Over the past few weeks, investors...
-
Cowen: 5 Reasons Target Will Outperform
Wednesday, November 7, 2018 - 10:18am | 425Read More...Cowen offered five reasons to warrant a bullish rating on retailer Target Corporation (NYSE: TGT) after holding a neutral stance on the stock for more than two years. The Analyst Cowen's Oliver Chen upgraded Target from Market Perform to Outperform with a price target lifted from $90 to $100....
-
Pro: Why Retail Investors Should Worry More About Wages Than Tariffs
Thursday, November 1, 2018 - 2:33pm | 396Read More...Amazon.com, Inc. (NASDAQ: AMZN) is mostly responsible for setting an unofficial $15 per hour minimum wage, and this could be a bigger problem for retail companies than tariffs, according to sector expert Jan Kniffen. What Happened Retailers who pay their employees close to $15 per hour will find it...
-
Wedbush: Unlike Many Retail Peers, RH Is 'Thriving'
Tuesday, October 23, 2018 - 3:36pm | 355Read More...Many home furnishing retailers are struggling, but RH (NYSE: RH) stands out as "thriving," according to Wedbush. The Analyst Wedbush's Seth Basham initiated coverage of RH with an Outperform rating and $145 price target. The Thesis RH stands out among its home furnishing retail group...
-
Toys 'R' Us Closures Hurt Hasbro's Q3 Earnings
Monday, October 22, 2018 - 8:20am | 375Read More...Toy maker Hasbro, Inc. (NASDAQ: HAS) reported Monday its third-quarter results, highlighted by a top-and-bottom-line miss. What Happened Hasbro said it earned $1.93 per share in the third quarter on revenue of $1.57 billion. The Street was modeling the company to earn $2.25 per share on revenue of...
-
Credit Suisse Downgrades Home Depot, Lowe's On Reduced Upside Projections
Wednesday, October 17, 2018 - 11:58am | 451Read More...Home improvement retailers remain Credit Suisse's best sector from a structural perspective, and the sell-side firm's expectations for earnings growth remain unchanged. Yet the firm said Wednesday that it sees less EPS upside over the next year versus current estimates, triggering a...
-
Walmart Trims 2019 Guidance, Moody's Analyst Calls Stock Undervalued
Tuesday, October 16, 2018 - 9:14am | 486Read More...Retail giant Walmart Inc (NYSE: WMT) announced Tuesday morning a revision to its full year 2019 guidance. What Happened Walmart on Tuesday is hosting its annual meeting for the investment community. Management detailed in a press release a revision of its full fiscal year 2019 EPS from a range of $...
-
CVS Is One Step Closer To Buying Aetna
Wednesday, October 10, 2018 - 12:48pm | 429Read More...CVS Health Corporation (NYSE: CVS) is one step closer to acquiring Aetna Inc. (NYSE: AET) after the U.S. Department of Justice preliminary approved the $69 billion merger. What Happened CVS proposed to buy Aetna in late 2017 in a deal that would combine the largest drugstore chain with Aetna's...
-
Bed Bath & Beyond's Woes Will Continue, Analyst Says
Thursday, September 27, 2018 - 8:36am | 360Read More...Home furnishing and domestic merchandise retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported Wednesday its second-quarter results, which not only fell short of expectations but signals further pain ahead, according to KeyBanc. Earnings came in at 36 cents per share, below the 50-cent per-...
















