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Is Hasbro Losing Its Magic? This Analyst Double Downgrades Stock, Slashes Price Target
Monday, November 14, 2022 - 11:54am | 290Hasbro, Inc. (NASDAQ: HAS) reported a sharp decline in its third-quarter earnings, mainly hit by tariffs on Chinese products and higher supply chain costs. There is growing frustration around the toy manufacturer’s "Magic: The Gathering" business, according to BofA Securities. The...
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Bed, Bath & Beyond Analyst Says Debt Restructuring Wont Save The Company
Friday, July 22, 2022 - 5:10pm | 428Bed Bath & Beyond Inc (NYSE: BBBY) shares dropped 12.1% on Friday after a big Thursday rally on news Freeman Capital has taken a 6.2% ownership stake in the company and called for it to restructure its debt and issue $1 billion in bonds. Unfortunately, At least one analyst remains skeptical of...
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Why This Bed Bath & Beyond Analyst Thinks Ryan Cohen's Plan May Not Work: 'Pivot In Strategy Won't Fix This Business'
Tuesday, March 8, 2022 - 1:25pm | 451Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares closed higher by 34% Monday after GameStop Corp. (NASDAQ: GME) chairman Ryan Cohen picked up a 9.8% stake in the retailer. An analyst at BofA Securities, however, doesn't share the enthusiasm of investors, and here's why. The Bed Bath...
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Why BofA Is Bearish On Bed, Bath & Beyond
Tuesday, October 5, 2021 - 12:10pm | 275Although Bed Bath & Beyond Inc. (NASDAQ: BBBY) is making progress in its turnaround, its comps continue to “meaningfully lag the industry," being 26 percentage points lower in the second quarter of 2021, according to BofA Securities. The Bed Bath & Beyond Analyst: Jason Haas...
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BofA Initiates Rent-A-Center With Buy Rating, Analyst Bullish On Virtual Lease-To-Own
Wednesday, August 25, 2021 - 12:29pm | 428Rent-A-Center Inc (NASDAQ: RCII) shares traded higher by 1.8% on Wednesday following some bullish Wall Street commentary on the stock. The Analyst: Bank of America analyst Jason Haas initiated coverage of Rent-A-Center with a Buy rating and $85 price target. The Thesis: In the initiation note, Haas...
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Ollie's Has A Sourcing Problem, BofA Says In Downgrade
Thursday, January 14, 2021 - 12:24pm | 399Discount retail chain Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI) has a sourcing problem, as the supply of the closeout merchandise Ollie's typically acquires is lower than expected, according to BofA. The Ollie's Analyst: Jason Haas downgraded Ollie's from Buy to...
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Analysts Defend Ollie's Bargain After Disappointing Earnings, Guidance Cut
Thursday, August 29, 2019 - 12:07pm | 588Value retailer Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) reported disappointing second-quarter results Wednesday afternoon and reduced its full-year guidance. Despite an immediate reaction to the downside, two notable Street analysts continue to view the stock favorably. The...
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Big Lots Analyst Still Bearish After New CFO Appointment
Wednesday, June 26, 2019 - 2:43pm | 355Bank of America maintained a bearish stance on discount retailer Big Lots, Inc. (NYSE: BIG) after appointing a new CFO and reaffirming its guidance. The Analyst Bank of America's Jason Haas maintains an Underperform rating on Big Lots with a $23 price target. The Thesis Jonathan Ramsden will...
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Big Lots Hit With Big Downgrade
Monday, June 3, 2019 - 12:00pm | 350Big Lots, Inc. (NYSE: BIG) reported a "low quality" first-quarter earnings beat, which prompted Bank of America to turn bearish on the stock. The Analyst Bank of America's Jason Haas downgraded Big Lots from Buy to Underperform with a price target lowered from $45 to $23. The Thesis...
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The Street Debates What To Do With Big Lots After Mixed Q4 Earnings
Monday, March 11, 2019 - 1:28pm | 589Retail chain Big Lots, Inc. (NYSE: BIG) last week reported fourth-quarter earnings that missed expectations on top line, but beat on the bottom line. The Street isn't fully convinced the company can sustain its growth rates moving forward. The Analysts Bank of America's Jason Haas...
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Analysts Lower Big Lots Price Targets After Q3 Print
Monday, December 10, 2018 - 12:59pm | 649Two Street analysts stuck with their bullish stances on Big Lots, Inc. (NYSE: BIG) after the stock plummeted more than 20 percent Friday in reaction to a concerning third-quarter report. The Analysts Raymond James analyst Dan Wewer maintains an Outperform rating on Big Lots with a...
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Office Depot: Buy For The Turnaround, Stay For The Catalyst This Fall
Tuesday, September 5, 2017 - 2:24pm | 612Bank of America Merrill Lynch reinstated coverage of Office Depot Inc (NASDAQ: ODP) with a Buy rating and a price target of $6 per share. The firm recommended buying the stock for the turnaround and staying with it for the catalyst this fall. Analysts Elizabeth Suzuki, Curtis Nagle and Jason Haas...