Robert Ohmes

Walmart Inc (NYSE: WMT) shares are ticking higher after falling Tuesday following the retail giant's better-than-expected earnings numbers amid the COVID-19 crisis. Walmart reported 74% online sales growth and 10% same-store sales growth in the first quarter. Walmart also reported EPS of $1.18 on...

Grocery sales growth remain elevated on a year-over-year basis, but have moderated since peak coronavirus "stock-up" activity in the middle of March, according to BofA Securities. The Analyst Robert Ohmes commented on the grocery store sector in a deep dive note. Grocery Store...

Credit and debit card data compiled by BofA Securities suggests that online grocery spending trends remain "meaningfully elevated," even though total grocery spending moderated since the "stock-up" peak in March. The Thesis Although online grocery sales have been slowly moving...

Nike Inc’s (NYSE: NKE) 10-Q filing revealed that 95% of company-owned and partner stores have reopen in China and the company experienced an increase in retail traffic on a week-over-week basis in early April, according to BofA Securities. The Analyst Robert Ohmes maintained a Buy rating for...

Nike Inc (NYSE: NKE), like many of its major distributors, has temporarily shuttered stores to help fight the spread of the coronavirus. Distributors that remain open continue to lose foot traffic as customers practice precautionary isolation. The resulting sales cut doesn’t look great on the...

Target Corporation (NYSE: TGT) reported fourth-quarter results Tuesday morning, followed up with an investor day presentation. Here is a summary of how some of the Street's top analysts reacted to management's discussion and presentation. The Target Analyst Stifel analyst Mark Astrachan...

Buying in big box discount stores is gaining momentum thanks to a combination of macroeconomic factors, with the improvement set to particularly benefit Target Corporation (NYSE: TGT), Bank of America said Friday. The Target Analyst Robert Ohmes has a Buy rating and $150 price target on Target. The...

The retail sector has been a minefield for investors in the past several years as traditional brick-and-mortar companies attempt to fend off online competition from Amazon.com, Inc. (NASDAQ: AMZN) and others. In fact, the SPDR S&P Retail (NYSE: XRT) is down 8% overall in the past five years....

Under Armour Inc (NYSE: UAA) reported fourth-quarter results that prompted a big sell-off in the stock. Multiple Street analysts have weighed in to debate if investors should buy the dip. CEO 'Not Satisfied' Under Armour CEO Patrik Frisk said during the company's conference call he is...

The bullish case for Dollar Tree, Inc. (NASDAQ: DLTR) can no longer be justified as benefits from Family Dollar remodels are unlikely to be large enough to offset a gross margin impact, according to Bank of America. The Analyst Robert Ohmes downgraded Dollar Tree from Buy to Neutral with a price...

Nike Inc (NYSE: NKE) shares are down on Friday after reporting its second-quarter earnings print, the last release of CEO Mark Parker’s tenure. He has served as CEO since 2006 and will be replaced by John Donahoe next month. Nike reported quarterly earnings of 70 cents per share, which beat...

While comparisons were solid, Dollar Tree, Inc. (NASDAQ: DLTR) reported its third-quarter margins below Street’s expectations and lowered its full-year guidance. Dollar Tree Earnings And Guidance Dollar Tree reported third-quarter earnings of $1.08 per share, missing the consensus estimate of...

Dicks 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...

Bank of America analysts downgraded Dicks Sporting Goods Inc (NYSE: DKS) to Neutral in August, but the research firm now sees three reasons to turn bullish again on the retailer. The Analyst Robert Ohmes upgraded Dicks Sporting Goods from Neutral to Buy with a price target lifted from $43 to $55....

Target Corporation (NYSE: TGT) soared 14% after reporting third-quarter beats on Wednesday. Sales and margin upside drove bottom-line outperformance, and 4.5% comps confirmed traffic strength, apparel strength and market share gains in major categories. Inventories fell 8% year over year, and store...