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Should You Buy The Dip In Home Depot? Wall Street Debates
Wednesday, May 16, 2018 - 1:41pm | 645Home Depot Inc (NYSE: HD) traded lower Tuesday following its Q1 earnings report with the decline carrying over into Wednesday's session. Should investors be buyers on the dip? Some of the Street's top analysts weigh in. The Analysts Bank of America's Elizabeth Suzuki maintains a...
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Sportsman's Warehouse CEO Resignation Prompts Downgrade At Baird
Thursday, March 15, 2018 - 12:47pm | 394Sportsman's Warehouse Holdings Inc (NASDAQ: SPWH), an outdoor sporting goods retailer, said Wednesday CEO John Schaefer resigned from the company and will be replaced by Jon Barker, the company's president and chief operating officer. While the transition plan has been known for years, the...
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Costco 'Has The Tools To Compete And Win': Analysts React To Retailer's Q2 Report
Thursday, March 8, 2018 - 3:56pm | 914Shares of Costco Wholesale Corporation (NASDAQ: COST) were trading lower by nearly 2 percent early Thursday afternoon after the company reported an earnings beat in its fiscal second quarter with revenue that fell slightly short of expectations. Rating, Price Target Changes Wells...
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Analysts Defend Walmart's Quarter
Wednesday, February 21, 2018 - 2:27pm | 538Walmart Inc (NYSE: WMT) investors were blindsided by a disappointing fourth quarter this week, sending the stock tumbling by more than 11 percent. Several Wall Street analysts have jumped in to defend Walmart following the lackluster quarter. Here’s a rundown of what they had to say. Voices...
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Why You Should Be A Buyer Of Costco Shares Into Its Q4 Print
Friday, September 22, 2017 - 11:48am | 614Previewing Costco Wholesale Corporation (NASDAQ: COST)'s fiscal year fourth-quarter results, Baird said it expects solid results from the company. The company is scheduled to release its results after the market close on Oct. 5. As such, the firm reiterated its Outperform rating and $200...
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Bed Bath & Beyond's Not-So-Cozy Quarter Keeps Sell-Side Sidelined
Thursday, September 21, 2017 - 9:29am | 661Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported Tuesday after the market close second-quarter earnings of 67 cents per share, which included charges amounting to 11 cents per share, compared to $1.11 per share last year. Net sales fell 1.7 percent year over year to $2.9 billion on the back of...
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A Closer Look At Bed Bath & Beyond's 'Challenging' Quarter
Wednesday, September 20, 2017 - 8:57am | 329Bed Bath & Beyond Inc. (NASDAQ: BBBY) had a disappointing second quarter earnings report, highlighted by a worse-than-expected decline in same-store sales. By Wednesday morning, Bed Bath & Beyond's stock lost 14 percent and was trading near $23 per share. Despite the stock's selloff...
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Walmart Continues Relevancy While Other Retailers Struggle
Friday, August 18, 2017 - 10:38am | 461Wal-Mart Stores Inc (NYSE: WMT) failed to impress Wall Street with its second-quarter earnings report, despite topping consensus expectations across the board. With Walmart’s stock already up 30 percent since the beginning of 2016, Baird analyst Peter Benedict says the company may not have...
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Walmart's Aggressive Online Expansion Should Please Investors
Monday, August 14, 2017 - 4:01pm | 404Wal-Mart Stores Inc (NYSE: WMT)'s aggressive expansion in its online business will likely help continue the company's momentum when second-quarter earnings are announced on Thursday, analysts say. “While the broader retail backdrop has been choppy, we believe ongoing investments in...
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Does Costco's Special Dividend Prove Retailing Isn't Dead?
Wednesday, April 26, 2017 - 10:34am | 4652017 could prove to be a record-breaking year for retailers closing their stores, but one company demonstrated a sign of strength by doing something no other retailer has done since early 2016. Costco Wholesale Corporation (NASDAQ: COST) announced on Tuesday it will pay investors more than $3...
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Why The Selloff In Planet Fitness Is Disconnected From Strong Fundamentals
Tuesday, April 4, 2017 - 3:59pm | 549Planet Fitness Inc (NYSE: PLNT) shares have been on a retreat since March. In a note released Monday, Baird said the selloff appears disconnected from strong fundamentals. The firm addressed a few topics that explains the disconnect. Not Concerned About Deferred Revenue Analysts Jonathan Komp...
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Williams-Sonoma Still Holds Durable Appeal, But Sales Trajectory Concerns Linger
Thursday, March 16, 2017 - 2:29pm | 444Peter Benedict of Baird says sales inflection at Pottery Barn is key to Williams-Sonoma, Inc. (NYSE: WSM)’s FY2017 plans as concerns over sales trajectory persist. Williams-Sonoma noted a positive response to its efforts aimed at expanding the Pottery Barn's reach and plans to continue...
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Dick's Sporting Goods Poised For Market Share Gains As Q4 Report Looms
Monday, March 6, 2017 - 4:16pm | 601Wall Street expects a solid quarter from Dicks Sporting Goods Inc (NYSE: DKS) despite a tough retail backdrop and softer holiday sales. Dicks Sporting Goods, which reports fourth-quarter results on Feb. 7, is expected to have gained market share amid rationalization of industry, an uptick...
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Restoration Hardware Up 29% After Solid Q4, Buyback; Baird Says Fundamentals Still Challenged
Friday, February 24, 2017 - 2:34pm | 367Shares of RH (NYSE: RH), or Restoration Hardware, have surged 29 percent after the company’s solid preliminary fourth-quarter results and buyback announcement. But, Baird reiterates its Neutral rating given still-challenged fundamentals and uncertainty over the deployment pace of buybacks. In...
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Baird Says 'Stay Long' Home Depot And Lowe's Ahead Of Q4 Results
Wednesday, February 15, 2017 - 4:10pm | 444Home Depot Inc (NYSE: HD) and its closest peer Lowe's Companies, Inc. (NYSE: LOW) are on deck to report their respective earnings results. Peter Benedict of Baird commented in a report Census data showed industry wide sales growth slowed in the quarter to 4.5 percent in November and December...