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2 'Primary Drivers' Highlighted By Target Are Already Priced Into Stock
Friday, May 27, 2016 - 8:24am | 406Read More...Although Target Corporation (NYSE: TGT) said the recent controversy surround its bathroom policy didn't affect its sales, Barclays said the two comp drivers that the general merchandise retailer highlighted at its financial community meeting are already in priced in to the stock. Drivers, Current...
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Advance Auto Parts Just Took 'Another Step Back'
Monday, May 23, 2016 - 11:09am | 335Read More...Barclays has cut its 2016 and 2017 estimate on Advance Auto Parts, Inc. (NYSE: AAP) after the auto parts retailer reported lower-than-expected earnings for the first quarter. Analyst Matthew McClintock has trimmed his EPS view for 2016 to $8.10 from $8.75 and 2017 to $9 from $9.40. The Street...
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Dicks Facing Short-Term Pressure, But Set Up For Long-Term Performance
Saturday, May 21, 2016 - 4:30pm | 279Read More...Barclays has cut its 2016 EPS view on Dicks Sporting Goods Inc (NYSE: DKS) by $0.10 to $2.90, saying that the recent liquidations in the sporting goods industry is expected to hurt the company in the short term. Street analysts, on average, expect earnings of $2.89 a share for the full year....
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Lululemon's Plan To Double Sales By 2020 Might Not Be Ambitious Enough
Tuesday, April 5, 2016 - 11:55am | 340Read More...Following commendable fourth-quarter results, analysts are looking to the future for Lululemon Athletica inc. (NASDAQ: LULU). The Q4 results topped the expectations from the Street, with earnings a nickel ahead at $0.85 per share, and revenue $12.07 million ahead at $704.28 million versus...
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Target Shares Under Pressure As Barclays Downgrades To Underweight
Thursday, March 31, 2016 - 8:34am | 282Read More...Given the significant pressures from e-commerce being faced by Target Corporation (NYSE: TGT) in its general merchandise category, the company’s margin expansion and comp store sales growth targets could prove too optimistic. Barclays’ Matthew McClintock downgraded the rating on...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Read More...Nike Inc (NYSE: NKE) reported Q4 EPS of $0.55, topping consensus expectations of $0.49. The company also reported Q4 revenue of $8.0 billion, slightly below consensus expectations of $8.2 billion. Nike shares are down about 4.5 percent in early Wednesday trading, but the revenue miss didn...
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Analysts At Odds With Market Over Fitbit
Wednesday, January 6, 2016 - 3:47pm | 367Read More...With the company set to release its Q4 earnings on February 1, Fitbit Inc (NYSE: FIT) shares have plummeted since the launch of its new Blaze product. Clearly, the market is punishing Fitbit’s stock, but you wouldn’t know it by reading what analysts have to say. Here’s how several...
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Barclays Sees Buying Opportunity In Fitbit Selloff
Wednesday, January 6, 2016 - 10:27am | 404Read More...Fitbit Inc (NYSE: FIT) shares have plunged 28 percent in the last one month. Barclays’ Matthew McClintock maintained an Overweight rating for the company, with a price target of $49. The pressure on Fitbit’s shares following the launch of Blaze represents an attractive buying...
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FitBit Had 'A Very Healthy Holiday'
Tuesday, December 29, 2015 - 8:54am | 360Read More...Fitbit Inc (NYSE: FIT) shares are down 14 percent in the last six months, even after hitting a high of $51.64 on August 5. Barclay’s Matthew McClintock maintained an Overweight rating for the company, with a price target of $49. Fitbit's strength during Black Friday continued...
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Why Fitbit Is On The 'SmartTrack' To Growth
Wednesday, December 9, 2015 - 9:02am | 333Read More...After trading above $40 on November 2, Fitbit Inc (NYSE: FIT) shares have slumped 15 percent in the past one month Barclay’s Matthew McClintock maintained an Overweight rating on the company, with a price target of $49. A meeting with management indicated several areas of growth for...
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Barclays: Fitbit Is The Fastest-Growing Consumer Company In The World
Monday, November 30, 2015 - 9:36am | 261Read More...Shares of Fitbit Inc (NYSE: FIT) have been volatile in 2015 and are down 6 percent year-to-date. Barclays’ Matthew McClintock upgraded the rating on the company from Equal-Weight to Overweight, while maintaining a price target of $49. Fitbit is poised for robust growth driven by...
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Does Wall Street Wear FitBit?
Monday, July 13, 2015 - 3:04pm | 719Read More...Many Wall Street analysts initiated coverage of Fitbit Inc (NYSE: FIT) on Monday. Here is a highlight of some of the more notable initiations. SunTrust: ‘Only The FITest Survive' Bob Peck of SunTrust Robinson Humphrey initiated coverage of Fitbit with a Buy rating and $50 price...
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Lululemon Bears 'Running Out Of Arguments,' Barclays Says
Wednesday, June 10, 2015 - 7:42am | 251Read More...In a report published Wednesday, Barclays analyst Matthew McClintock maintained an Overweight rating and price target of $85 on Lululemon Athletica inc. (NASDAQ: LULU). The analyst believes that the 1Q15 outperformance is likely to push investors to "re-evaluate their thesis" on the stock. "A major...
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Analysts: Target Margins Put It At Risk By Spending
Thursday, February 26, 2015 - 2:51pm | 354Read More...Target Corporation's (NYSE: TGT) plans to spruce up stores to boost traffic may put its profit margins at risk going forward, analysts said Thursday. The Minneapolis-based retailer changed hands recently at $77.31, up $0.16 cents. Target, which posted fourth-quarter same-store sales...
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Wall Street Reacts To Fossil Group
Wednesday, February 18, 2015 - 12:21pm | 367Read More...Shares of Fossil Group Inc (NASDAQ: FOSL) fell more than 18 percent Wednesday following a disappointing Q4. Below are two analyst reactions to the news. Barclays analyst Matthew McClintock commented that Fossil had been making long-term investments but that investors had been unable to see the...
