Consumer Discretionary

Warner Bros. Discovery’s (NASDAQ:WBD) Stock Slides 5% After Earnings Fall Short of Estimates

/ / Consumer Discretionary /

Warner Bros. Discovery Inc.’s stock (WBD) fell 5% early Friday after the company posted a wider-than-expected fourth-quarter loss and revenue that fell short of estimates, weighed down by weak ad revenue and the impact of the recent writers and actors’ strikes. The company had a net loss of $400 million for the quarter, or 16 cents a share, narrower than the loss of $2.101 billion, or 86 cents a share, posted in the year-earlier period. Revenue fell to $10.824 billion from $11.008 billion. The FactSet consensus was for a loss of 10 cents a share and revenue of $10.337 billion. Studio revenue fell 18% excluding the impact of foreign exchange, while network revenue was down 8%. Ad revenue fell 14%, mostly due to shrinking audiences in domestic general entertainment and news networks, as well as the impact from the exit of the AT&T SportsNet business. The stock has fallen 39% […]

Warner Bros. Discovery’s (NASDAQ:WBD) Stock Slides 5% After Earnings Fall Short of Estimates Read Post »

Ross Stores (NASDAQ:ROST) Stock Analyst Ratings

/ / Consumer Discretionary /

Ross Stores (NASDAQ:ROST) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/23/2024 -3.34% UBS $85 → $142 Upgrades Sell → Neutral 12/22/2023 2.11% Wells Fargo $140 → $150 Maintains Overweight 11/17/2023 -6.06% BMO Capital $127 → $138 Maintains Outperform 11/17/2023 -4.7% Wells Fargo $135 → $140 Maintains Overweight 11/17/2023 -6.74% Morgan Stanley $131 → $137 Maintains Overweight 11/17/2023 -8.1% Telsey Advisory Group $130 → $135 Maintains Market Perform 11/13/2023 -11.5% Telsey Advisory Group → $130 Reiterates Market Perform → Market Perform 11/07/2023 -4.7% Evercore ISI Group → $140 Initiates Coverage On → Outperform 11/03/2023 -8.1% Gordon Haskett → $135 Upgrades Accumulate → Buy 08/18/2023 -8.1% Guggenheim $125 → $135 Maintains Buy 08/18/2023 -8.1% Loop Capital $125 → $135 Maintains Buy 08/18/2023 -10.14% TD Cowen $128 → $132 Maintains Outperform 08/18/2023 -10.82% Morgan Stanley $130 → $131 Maintains Overweight 08/18/2023 -42.82% UBS $80

Ross Stores (NASDAQ:ROST) Stock Analyst Ratings Read Post »

Booking Holdings (NASDAQ:BKNG) Posted Strong Earnings. Why the Stock Fall Is an Industry Problem. — Barrons.com

/ / Consumer Discretionary /

By Callum Keown Booking Holdings’ ticked all the boxes with its earnings–beating revenue and profit estimates, breaking a number of company records, and initiating a quarterly dividend. Yet the stock plummeted 9% ahead of the open Friday. The travel industry’s stellar 2023 has posed a major problem so far this year — investors are facing up to the prospect of normalizing demand and growth in 2024. Booking also warned of the impact of the conflict in the Middle East, which hit the number of nights booked in the fourth quarter and is expected to do the same in the first three months of the year. The stock has had an impressive run recently, climbing 61% over the past year, and 10% so far in 2024 through Thursday’s close. But all good things come to an end, or at least take a pause. Booking issued guidance for gross bookings and revenue

Booking Holdings (NASDAQ:BKNG) Posted Strong Earnings. Why the Stock Fall Is an Industry Problem. — Barrons.com Read Post »

Trade Desk (NASDAQ:TTD) Stock Analyst Ratings

/ / Consumer Discretionary /

Trade Desk (NASDAQ:TTD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/22/2024 18.69% Needham → $100 Reiterates Buy → Buy 02/16/2024 -50.15% Benchmark $32 → $42 Maintains Sell 02/16/2024 0.89% Stephens & Co. → $85 Reiterates Overweight → Overweight 02/16/2024 24.63% RBC Capital $90 → $105 Maintains Outperform 02/16/2024 27% BMO Capital $88 → $107 Maintains Outperform 02/16/2024 18.69% Keybanc $84 → $100 Maintains Overweight 02/16/2024 24.63% Piper Sandler $80 → $105 Maintains Overweight 02/16/2024 18.69% Stifel $80 → $100 Maintains Buy 02/16/2024 24.63% Oppenheimer $85 → $105 Maintains Outperform 02/16/2024 18.69% Truist Securities $80 → $100 Maintains Buy 02/16/2024 30.56% Susquehanna $75 → $110 Maintains Positive 02/12/2024 — Seaport Global Initiates Coverage On → Neutral 01/09/2024 4.45% BMO Capital → $88 Initiates Coverage On → Outperform 01/09/2024 -5.04% Stifel $79 → $80 Maintains Buy 12/18/2023 -1.25% HSBC → $83.2 Initiates Coverage

Trade Desk (NASDAQ:TTD) Stock Analyst Ratings Read Post »

Walmart’s ‘Strong Momentum’ Seen Continuing Into Fiscal 2025, BofA Says

/ / Consumer Discretionary /

Walmart’s (WMT) “strong momentum” is expected to continue into fiscal 2025 following its better-than-projected fiscal Q4 results, BofA Securities said. On Tuesday, the retail giant reported fiscal Q4 adjusted earnings of $1.80 per share on sales of $171.91 billion, both topping market expectations. “While we see continued softness in discretionary, we see support for general [merchandise] share gains to continue from initiatives [including] store remodels, online SKU expansion and strong pickup/delivery execution,” BofA analyst Robert Ohmes said in a note e-mailed Wednesday. BofA projects Walmart’s fiscal Q1 adjusted EPS at $1.53 and full-year adjusted EPS at $7, according to the note. The BofA analysts increased their price objective on the retailer’s stock to $200 from $190 while reiterating their buy rating.

Walmart’s ‘Strong Momentum’ Seen Continuing Into Fiscal 2025, BofA Says Read Post »

Home Depot’s Investments, Share Gains Likely to Counter Choppy Macro Outlook, BofA Says

/ / Consumer Discretionary /

Home Depot’s (HD) strategic investments will likely back above-market growth, while the retailer is also well placed for continued share gains even amid macroeconomic softness, BofA Securities said Wednesday in a report. BofA kept its buy rating on Home Depot and raised the price target on the stock to $400 from $372. The company reported fiscal Q4 earnings Tuesday of $2.82 per diluted share, down from $3.30 a year earlier. Analysts polled by Capital IQ expected $2.78. Net sales fell to $34.8 billion from $35.8 billion. Analysts expected $34.7 billion. The retailer’s operating margin fell 135 basis points to 11.9% from a year earlier, compared with consensus forecasts of 11.8%, BofA said. That reflects a “pull forward of pricing actions ahead of cost decreases, and a 115 bps increase in opex as a percentage of sales reflecting sales deleverage and 2023 labor investments,” according to the report. BofA said it

Home Depot’s Investments, Share Gains Likely to Counter Choppy Macro Outlook, BofA Says Read Post »

CFRA Keeps Buy Opinion On Shares Of Amazon.com, Inc.

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: AMZN will replace WBA in the Dow Jones Industrial Average (DJIA) effective February 26, 2024. The index change was prompted by WMT’s decision to split its stock 3:1, which will reduce WMT’s index weight due to the price-weighted construction of the DJIA. By replacing WBA, the DJIA will increase its exposure to consumer retail, advertising, and cloud computing. AMZN will join MSFT and AAPL as the other Magnificent 7 stocks in the index, which together will comprise about 13% of the DJIA. By weighting, AMZN will rank 17th in the index, while MSFT is 2nd and AAPL is 15th. Our opinion on AMZN shares is Buy, as we believe 2024 will mark the second consecutive year of margin expansion and free cash flow growth, driven by additional

CFRA Keeps Buy Opinion On Shares Of Amazon.com, Inc. Read Post »

Target (NYSE:TGT) Stock Analyst Ratings

/ / Consumer Discretionary /

Target (NYSE:TGT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 11.32% Wells Fargo $155 → $165 Maintains Overweight 02/16/2024 3.22% Stifel $141 → $153 Maintains Hold 02/07/2024 14.69% Gordon Haskett → $170 Upgrades Hold → Buy 02/01/2024 — Goldman Sachs Maintains Buy 01/16/2024 11.32% Morgan Stanley $140 → $165 Upgrades Equal-Weight → Overweight 01/04/2024 4.57% Wells Fargo $148 → $155 Maintains Overweight 11/16/2023 -5.55% Roth MKM → $140 Reiterates Neutral → Neutral 11/16/2023 -4.2% Citigroup $117 → $142 Maintains Neutral 11/16/2023 -4.87% Stifel $130 → $141 Maintains Hold 11/16/2023 -12.29% BMO Capital $120 → $130 Maintains Market Perform 11/16/2023 5.92% RBC Capital $161 → $157 Maintains Outperform 11/16/2023 -15.67% JP Morgan $113 → $125 Maintains Neutral 11/16/2023 -0.15% TD Cowen $161 → $148 Downgrades Outperform → Market Perform 11/16/2023 7.95% Telsey Advisory Group $145 → $160 Maintains Outperform 11/15/2023 18.74% Goldman

Target (NYSE:TGT) Stock Analyst Ratings Read Post »

Amazon Remains ‘Best Idea,’ Analyst Says: Expect US E-Commerce Penetration To Double Over 40%

/ / Consumer Discretionary /

Amazon (NASDAQ:AMZN) is the “Best Idea” for long-term investment and poised to lead the evolving e-commerce arena, according to JPMorgan analyst Doug Anmuth. What Happened: Anmuth predicts a potential doubling of U.S. e-commerce penetration to over 40%. The recently released fourth-quarter (Q4) U.S. e-commerce spending data showcases a commendable +7.2% YoY growth. This underlines the stability of online growth trends. The analysis highlights the significant upward trajectory of U.S. e-commerce penetration, reaching 23.3% of Adjusted Retail Sales in 4Q — an +84bps year-over-year increase for the sixth consecutive quarter. According to Anmuth, Amazon demonstrated its prowess with a share of 46.4% in Q4. The company achieved year-over-year share gains exceeding 100bps for the sixth consecutive quarter. Record-breaking events solidify Amazon’s position as an industry leader. Anmuth anticipates an acceleration in e-commerce growth for Amazon in 2024, projecting a +8.1% year-over-year growth. Hence, in 2023, Amazon outperformed the industry’s +7.6% year-over-year growth. Fueled by growth

Amazon Remains ‘Best Idea,’ Analyst Says: Expect US E-Commerce Penetration To Double Over 40% Read Post »

Scroll to Top