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These Analysts Remain Carvana Bulls After Strong Q2
Thursday, August 8, 2019 - 3:54pm | 397Carvana Co (NYSE: CVNA) reported Wednesday second-quarter results, which prompted two analysts to reaffirm a bullish stance on the online platform for consumers to buy and sell used cars. The Analyst Bank of America's Nat Schindler maintains a Buy rating on Carvana with a price target lifted...
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Bed Bath & Beyond Plunges To New Lows After Earnings: Here's What The Street Is Saying
Thursday, July 11, 2019 - 12:15pm | 816Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported Wednesday fiscal first-quarter results, which sent the stock tumbling to its lowest level in over a decade. Here is a summary of how some of the Street's top analysts reacted to the print and management's guidance. The Analysts Wedbush'...
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RH Analysts Raise Estimates After Q1 Beat-And-Raise
Thursday, June 13, 2019 - 3:02pm | 470Restoration Hardware Holdings, Inc (NYSE: RH) shares continued to spike Thursday, jumping more than 20% after the furniture retailer issued strong full-year guidance Wednesday and dismissed tariff concerns, leading analysts to boost their earnings estimates. RH raised its 2019 outlook...
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Wells Fargo On Carvana: Cash Infusion Adds Growth Optionality
Wednesday, May 29, 2019 - 1:07pm | 323With a combination of debt and equity, Wells Fargo says Carvana Co (NYSE: CVNA) has plans to inject capital of more than $500 million, which significantly improves its financial flexibility. The Analyst Wells Fargo’s Zachary Fadem maintained an Outperform rating on Carvana, with an unchanged...
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After A Rainy Q1, Home Depot Analysts Look At Consumer Trends, Chinese Tariffs
Wednesday, May 22, 2019 - 4:58pm | 638Sales at Home Depot Inc (NYSE: HD) were dampened by the wet start to the year, but sell-side analysts disagreed Wednesday on whether broader economic issues will affect the big box retailer’s bottom line in the long run. The Analysts UBS analyst Michael Lasser maintained a Buy...
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Wells Fargo: Meeting With Tractor Supply Indicates Positive Full-Year Outlook
Thursday, February 14, 2019 - 4:59pm | 370Tractor Supply Company (NASDAQ: TSCO) seems to be a multifaceted growth story, with several opportunities that it can leverage, according to Wells Fargo. The Analyst Wells Fargo’s Zachary Fadem maintained an Outperform rating on Tractor Supply and raised the price target from $102 ...
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What The Street Is Saying After RH's Strong Q3 Print
Tuesday, December 4, 2018 - 2:41pm | 815Luxury home furnishing retailer RH (NYSE: RH), formerly known as Restoration Hardware, reported a blowout third-quarter earnings highlighted by a top-and-bottom line beat, an upward revision to management's fourth quarter and full year 2018 outlook, and encouraging 2019 guidance. On Tuesday...
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Wells Fargo: Street Estimates For RH Are Too Low, Valuation Doesn't Reflect Growth Outlook
Tuesday, November 27, 2018 - 4:48pm | 484If the economic cycle is near its peak, investors shouldn't be faulted for being lukewarm on luxury retailers including RH (NYSE: RH) — but a bullish case for the stock remains, according to Wells Fargo. The Analyst Analyst Zachary Fadem reinstated coverage of RH with...
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Wells Fargo Turns Bullish On Floor & Decor After Meeting With Retailer
Friday, August 10, 2018 - 12:14pm | 447Floor & Decor Holdings Inc (NYSE: FND) disappointed investors with its second quarter-results, but the stock's corresponding decline creates a compelling opportunity to buy one of the best growth stories in the retail sector, according to Wells Fargo. The Analyst Wells Fargo's Zachary...
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Costco Improves Across Categories With Strong June Showing; Competition Concerns Linger
Thursday, July 6, 2017 - 10:26am | 341Costco Wholesale Corporation (NASDAQ: COST) reported on Wednesday its monthly sales and performance metrics for June, which were impressive but not enough to turn some analysts incrementally bullish. Wells Fargo's Zachary Fadem maintains a Market Perform rating on Costco's stock with an unchanged $...
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The Sell-Side Response To Amazon–Whole Foods Deal
Monday, June 19, 2017 - 10:28am | 679Amazon.com, Inc. (NASDAQ: AMZN) announced its continued foray into the brick-and-mortar space by announcing a deal to buy Whole Foods Market, Inc. (NASDAQ: WFM) for $42 per share in cash or a total transaction value of $13.7 billion, including the latter's debt. Following the...
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Analysis: Food Sector Weakness In Response To Amazon–Whole Foods Deal Is 'Overblown'
Friday, June 16, 2017 - 1:40pm | 430Amazon.com, Inc. (NASDAQ: AMZN)'s $13.7 billion acquisition of Whole Foods Market, Inc. (NASDAQ: WFM) is certainly a game-changer in the food space, but does it justify a large sell-off in many grocery chains and food retailers? Shares of Kroger Co (NYSE: KR) were lower by more than 12 percent late...
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Expect An In-Line Q3 From Kroger With A Promise For Strength In Q4
Tuesday, November 29, 2016 - 4:11pm | 312Wells Fargo expects an in-line third quarter from Kroger Co (NYSE: KR) amid industry wide challenges of deflation and margin pressures. The brokerage maintained its Outperform rating on the stock as it likes the setup of the fourth quarter given easy comparisons. Analyst Zachary Fadem expects...
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Wells Fargo Has 2 Food Retailers In The Cart, But Leaves Whole Foods On The Shelf
Wednesday, August 3, 2016 - 3:31pm | 310Wells Fargo Senior Analyst Zachary Fadem shared a look into the results of the firm’s Q2 Food Retail Survey, which highlighted industry-wide challenges. The results suggested that the near-term headwinds seen in the U.S. grocers industry recently (with 46 percent of consumers reducing...
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UPDATE: Wells Fargo Downgrades Energizer
Tuesday, January 7, 2014 - 11:33am | 254In a report published Tuesday, Wells Fargo analyst Zachary Fadem downgraded Energizer (NYSE: ENR) to Market Perform from Outperform, raising its price target from $109.00 to $112.00. According to the report, after a 19 percent run over the last 3 months of 2013 (vs. HPC group + 8 percent), the...