-
Downshifting CarMax To A Perform Rating, Analyst Sees Continuing Sales Momentum In Question
Friday, October 6, 2017 - 10:08am | 384Analysts at Oppenheimer no longer hold a bullish rating on CarMax, Inc (NYSE: KMX)'s stock after a nearly 45 percent return over the past year. The firm's Brian Nagel downgrades CarMax's stock rating from Outperform to Perform with an unchanged $80 price target (see Nagel's track record here)....
-
AutoZone Is One Of The Steadiest Performers In Auto-Parts Retail Space
Tuesday, June 20, 2017 - 3:44pm | 396Oppenheimer hosted its 17th Annual Oppenheimer Consumer Conference in Boston this week and welcomed AutoZone, Inc. (NYSE: AZO)'s management team, including its executive vice president and chief financial officer, Bill Giles. Following a chat with management, Oppenheimer's Brian Nagel maintains an...
-
A Potentially Prolonged Recovery At Lumber Liquidators May Be Taking Shape
Friday, May 19, 2017 - 10:27am | 410Sometimes, a fresh perspective can make a huge difference. For Oppenheimer analyst Brian Nagel, a fresh look at Lumber Liquidators Holdings Inc (NYSE: LL) after the dust settled on its legal woes revealed a stock that could deliver some major long-term upside for investors. Lumber Liquidators...
-
Sports Authority's Loss Isn't Dick's Sporting Goods' Gains
Wednesday, March 8, 2017 - 3:05pm | 343Investors weren't wrong in their thinking that the closure of The Sports Authority and Golfsmith would benefit some of the sporting goods retailers remaining in the game, such as Dicks Sporting Goods Inc (NYSE: DKS). In fact, as noted by Gadfly's Shelly Banjo, Oppenheimer's retail analyst Brian...
-
Dick's Sporting Goods Downgraded On Wave Of Negative Industry Data
Tuesday, February 21, 2017 - 2:13pm | 352Oppenheimer downgraded Dicks Sporting Goods Inc (NYSE: DKS) to Perform from Outperform on wave of negative data points. The downgrade comes ahead of the company’s fourth-quarter results in mid-March. Recently, a large number of leading sporting goods manufacturers and retailers reported...
-
Beleaguered Pier 1's Q3 A Step In The Right Direction
Thursday, December 15, 2016 - 11:04am | 277Following the better-than-expected Q3 results reported by Pier 1 Imports Inc (NYSE: PIR), Oppenheimer’s Brian Nagel stated that it was “a potential step in the right direction for the beleaguered chain.” Nagel maintains a Perform rating on the company. The analyst noted, however,...
-
Restoration Hardware Still A Fixer-Upper
Friday, December 9, 2016 - 12:51pm | 310Shares of Restoration Hardware Holdings Inc (NYSE: RH) plunged more than 15 percent on Friday after the company slashed its full-year guidance in conjunction with its third-quarter earnings report, citing "consumer softness" during the U.S. presidential election cycle. Restoration Hardware also...
-
Is Tiffany's Long-Term Outlook Getting Brighter?
Wednesday, November 23, 2016 - 11:40am | 269Tiffany & Co. (NYSE: TIF) is scheduled to report its Q3 results on November 29. While the company continues to operate in a challenging environment that could impact its near-term performance, the longer-term outlook seems to be brightening. Oppenheimer’s Brian Nagel maintained an...
-
Q3 Earnings: Home Depot Vs. Lowe's
Wednesday, November 16, 2016 - 9:12am | 443Home Depot Inc (NYSE: HD) reported its third-quarter results on Tuesday, which initially sent shares higher. However, throughout the trading session, shares of the do-it-yourself home improvement retailer slipped into negative territory and ended the day lower by 2.56 percent at $124.40. Home Depot...
-
Analyst: Home Depot's Q3 Proves The Home Improvement Market Remains Strong
Tuesday, November 15, 2016 - 11:31am | 352Many investors had legitimate concerns that the home improvement market is showing signs of slowing down after years of strong growth. According to Oppenheimer's Brian Nagel, Home Depot Inc (NYSE: HD)'s third-quarter report on Tuesday proved this to be far from the case. Speaking as a guest on CNBC...
-
How New CEO Bill Nash Is Driving CarMax To New Opportunities
Friday, October 14, 2016 - 3:03pm | 325Oppenheimer believes CarMax, Inc (NYSE: KMX) could take every opportunity to improve its prospects in the near term. The firm thinks the new CEO, Bill Nash, will not spare any online options while tapping the well-developed infrastructure in meeting the consumers' requirements. Analysts Brian Nagel...
-
Oppenheimer Sees A Number Of Reasons Williams-Sonoma/Restoration Hardware Deal Could Make Sense
Thursday, September 29, 2016 - 2:57pm | 220Following news of Restoration Hardware Holdings, Inc.'s (NYSE: RH) possible acquisition of Williams-Sonoma, Inc. (NYSE: WSM), shares of both companies are trading higher. "Today by no means represents the first time that the market has speculated that RH and WSM could combine,"...
-
Williams-Sonoma Holds Onto An Outperform Rating At Oppenheimer On Long-Term Outlook
Thursday, August 25, 2016 - 10:42am | 295On Wednesday after the market close, Williams-Sonoma, Inc. (NYSE: WSM) reported earnings mirroring analyst estimates but missed on revenues and comparable sales. In addition, company management’s weak forecasts spooked investors. Tough Environment Oppenheimer’s Brian Nagel viewed...
-
Analysts Leave Meeting With Tractor Supply Management With Mixed Feelings
Thursday, August 4, 2016 - 2:11pm | 333Oppenheimer reiterated its Outperform rating on Tractor Supply Company (NASDAQ: TSCO), despite returning with mixed feelings after management meetings. Tractor Supply, an operator of rural lifestyle retail stores, is more concerned about the impact of volatile weather on its business. "Unusual...
-
Oppenheimer Says Use Any Weakness In CarMax As Buying Opportunity
Tuesday, June 7, 2016 - 4:38pm | 115Oppenheimer's Brian Nagel reiterated CarMax, Inc (NYSE: KMX)'s Outperform rating and $60 price target. Nagel's constructed inventory tracker indicator hinted at a rebound in sales recently. "Our proprietary KMX inventory tracker has improved on a YoY basis over the past three...