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ZUMZ

Zumiez

$22.09

-0.07 (-0.32%)

, PBH

Prestige Brands

$28.54

-2.84 (-9.05%)

04:55
01/15/19
01/15
04:55
01/15/19
04:55

William Blair to hold company meetings

William Blair Hosted Events at ICR Conference 2019 will be held in Orlando on January 14-15.

ZUMZ

Zumiez

$22.09

-0.07 (-0.32%)

PBH

Prestige Brands

$28.54

-2.84 (-9.05%)

LOCO

El Pollo Loco

$16.35

0.03 (0.18%)

LULU

Lululemon

$139.76

7.55 (5.71%)

KRNT

Kornit Digital

$19.20

-0.69 (-3.47%)

TLYS

Tilly's

$11.92

0.055 (0.46%)

YETI

Yeti

$18.11

1.435 (8.61%)

PLNT

Planet Fitness

$57.30

-1.46 (-2.48%)

PRMW

Primo Water

$13.77

-0.77 (-5.30%)

BOOT

Boot Barn

$21.97

2.62 (13.54%)

FOXF

Fox Factory

$62.58

-0.36 (-0.57%)

FRPT

Freshpet

$34.95

0.445 (1.29%)

STKL

SunOpta

$4.18

-0.04 (-0.95%)

PLAY

Dave & Buster's

$50.84

-0.68 (-1.32%)

ANF

Abercrombie & Fitch

$19.16

-0.92 (-4.58%)

SHAK

Shake Shack

$50.69

-0.12 (-0.24%)

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ZUMZ Zumiez
$22.09

-0.07 (-0.32%)

12/07/18
DADA
12/07/18
NO CHANGE
Target $20
DADA
Neutral
Zumiez price target lowered to $20 from $29 at DA Davidson
DA Davidson analyst John Morris lowered his price target on Zumiez to $20, saying that while the company topped Q3 earnings consensus, the beat was attributable to a lower tax rate. The analyst further cites Zumiez's Q4 outlook coming below consensus, even as he notes the management's history of providing conservative outlook at a time of uncertain and promotional holiday retail environment. Morris believes that Zumiez is "benefiting from a '90s-like fashion trend" suitable for its product line-up, but also remains cautious with a maintained Neutral rating until he sees "more conviction" in its long-term earnings power.
01/10/19
JEFF
01/10/19
NO CHANGE
Target $28
JEFF
Buy
Zumiez target raised to $28 on comp beat at Jefferies
Jefferies analyst Janine Stichter raised her price target for Zumiez to $28 from $26 saying the company's December comp beat and guidance raise reinforces her confidence that the branded cycle "still has legs." With multiples still near five-year troughs, the shares as attractive, Stichter tells investors in a research note. She maintains a Buy rating on Zumiez.
10/25/18
JEFF
10/25/18
INITIATION
Target $28
JEFF
Buy
Zumiez initiated with a Buy at Jefferies
Jefferies analyst Janine Stichter started Zumiez with a Buy rating and $28 price target. The recent selloff "presents an attractive entry point to own a quality retailer at near 5-year trough multiples," Stichter tells investors in a research note. She believes Zumiez will continue to be a "key beneficiary of a strong branded apparel cycle."
10/25/18
10/25/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Seadrill (SDRL) initiated with a Buy at BTIG. 2. Resideo (REZI) initiated with an Outperform at Oppenheimer. 3. Magnolia Oil & Gas (MGY) initiated with an Overweight at MUFG. 4. Athenex (ATNX) initiated with a Buy at Ladenburg. 5. Zumiez (ZUMZ) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
PBH Prestige Brands
$28.54

-2.84 (-9.05%)

11/05/18
DADA
11/05/18
NO CHANGE
Target $38
DADA
Neutral
Prestige Brands price target raised to $38 from $33 at DA Davidson
DA Davidson analyst Linda Bolton Weiser raised her price target on Prestige Brands to $38 after its Q3 results, citing the company's sales and operating profit upside along with organic sales growth of 1.6% that was driven by the 12% rise in international sales. The analyst keeps her Neutral rating on Prestige Brands however and warns that it will not forecast FY20 organic sales growth in the 2%-3% range - its formal long-term target - becasue of "secular channel inventory shrinkage".
07/03/18
WBLR
07/03/18
NO CHANGE
WBLR
Outperform
Prestige Brands household cleaning sale a positive, says William Blair
William Blair analyst Jon Andersen views Prestige Brands' sale of its household cleaning segment for $69M in cash as a positive development. The transaction enables Prestige to solely focus on over-the-counter healthcare, a market with better demand underpinnings and brands positioned for profitable growth over the long term, Andersen tells investors in a research note. He keeps an Overweight rating on the shares.
05/08/18
DADA
05/08/18
NO CHANGE
Target $33
DADA
Neutral
Prestige Brands price target lowered to $33 from $42 at DA Davidson
DA Davidson analyst Linda Bolton Weiser lowered her price target on Prestige Brands to $33 and kept her Neutral rating ahead of the company's Q4 earnings this week. Weiser says the outlook for FY19 gross margins may be even weaker than when she downgraded the stock in February because of freight and labor inflation. The analyst also expects Prestige Brands to invest more on advertising and promotion, increasing costs and weighing on profitability, as she lowers her FY19 and FY20 EPS forecasts by 13c to $2.95 and $3.12 respectively.
02/20/18
WBLR
02/20/18
NO CHANGE
WBLR
Prestige Brands shares have been 'unduly punished,' says William Blair
After hosting investor meetings with management, William Blair analyst Jon Andersen says shares of Prestige Brands have been "unduly punished." Despite a "draconian pullback" in the stock, fiscal 2018 has been a "reasonable year" for Prestige, Andersen tells investors in a research note. The analyst expects to see "relative share price outperformance" over the next couple of years. His thesis remains that Prestige's core brand portfolio targeting the over-the-counter healthcare market and free cash flow productivity supports earnings growth in the upper single digits. He keeps an Outperform rating on the shares.
LOCO El Pollo Loco
$16.35

0.03 (0.18%)

03/09/18
JEFF
03/09/18
NO CHANGE
Target $12
JEFF
Buy
El Pollo Loco shares undervalued after guidance reset, says Jefferies
Jefferies analyst Andy Barish views El Pollo Loco's fiscal 2018 guidance as prudent given the company's near-term challenges. However, with the shares at 7.5 times 2019 EBITDA estimates, investors are undervaluing El Pollo's same-store-sales drivers, growth discipline and new leadership potential, Barish tells investors in a research note titled "Nothing broken, just reset. Loco not to Buy at this valuation!" The analyst lowered his price target for the shares to $12 from $14 and keeps a Buy rating on the name.
10/03/18
10/03/18
UPGRADE
Target $80

Buy
Wingstop upgraded to Buy after meetings add confidence at Guggenheim
As previously reported, Guggenheim analyst Matthew DiFrisco upgraded Wingstop (WING) to Buy from Neutral after meetings at the firm's Emerging Growth Restaurant Summit reaffirmed that consumer restaurant demand is strengthening. He has increased confidence in Wingstop's ability to support mid-single digit same-store sales growth and double-digit expansion through 2025 following the meetings, DiFrisco tells investors. Following the event, the analyst set an $80 price target on Wingstop shares and he also raised his price target on El Pollo Loco (LOCO) to $17 from $14 and increased his price target on Habit Restaurants (HABT) to $17 from $15.
09/25/18
BARD
09/25/18
NO CHANGE
BARD
M&A interest could put near-term floor under restaurant valuations, says Baird
Baird analyst David Tarantino said Sonic's (SONC) agreement to be acquired by Inspire Brands, which also bought Buffalo Wild Wings last year, underscores that private equity firms continue to have interest in putting money to work in the restaurant sector, which he thinks could help to put a floor on the valuations of publicly-traded restaurant stocks. Among the stocks in the sector that he covers, Tarantino views Jack in the Box (JACK), El Pollo Loco (LOCO), Chuy's (CHUY), Habit Restaurants (HABT) and Potbelly (PBPB) as among those that theoretically could attract buyout interest at their current multiples, he tells investors.
LULU Lululemon
$139.76

7.55 (5.71%)

01/11/19
OPCO
01/11/19
NO CHANGE
Target $90
OPCO
Outperform
Nike, Lululemon, Tapestry managing China risks well, says Oppenheimer
Oppenheimer analyst Brian Nagel said that after reviewing recent data from China, he believes brands in the retail space are managing their China risks well. Underlying demand for fashion and luxury goods by increasingly affluent Chinese consumers appears solidly intact, Nagel tells investors in a research note, calling out Nike (NKE), which reported on December 20 and noted continued momentum in China. Nagel says he also continues to to recommend Lululemon (LULU) and Tapestry (TPR).
01/14/19
MKMP
01/14/19
NO CHANGE
Target $177
MKMP
Buy
Lululemon's pre-announced comps 'more positive than expected', says MKM Partners
MKM Partners analyst Roxanne Meyer kept her Buy rating and $177 price target on Lululemon after the company raised its Q4 outlook ahead of the ICR meetings this week. The analyst says the SSS increase forecast of mid-to-high teens, driven by "new customer acceleration and strong product acceptance", was better than expected since the outlook may have softened on other "mixed pre-announcements" in retail.
01/14/19
STFL
01/14/19
NO CHANGE
Target $152
STFL
Buy
Stifel 'impressed' by magnitude of Lululemon Q4 upside
After Lululemon increased its revenue, combined comp, and EPS guidance ahead of the company's presentation at the ICR Conference, Stifel analyst Jim Duffy said he was "impressed by the magnitude of the upside" and believes the stronger than anticipated holiday performance highlights the company's continued brand resonance and execution. He bumped up his price target on Lululemon shares to $152 from $151 and keeps a Buy rating on the stock.
01/10/19
MKMP
01/10/19
NO CHANGE
Target $177
MKMP
Buy
Lululemon to see growing momentum in 2019, says MKM Partners
MKM Partners analyst Roxanne Meyer kept her Buy rating and $177 price target on Lululemon, saying the findings of her proprietary survey ahead of ICR conference support her positive view. The analyst notes that the data implies strong new customer growth and a "highly favorable" results in the holiday period sales. Meyer further states that after a "inflection" 2018 year, the company should build on its momentum in 2019 with "strong new customer acquisition, product innovation, supply chain benefits, technology implementation and management execution". The analyst added that the 15.8% decline in its stock price since September highs has made Lululemon "one of the most attractive stocks in retail".
KRNT Kornit Digital
$19.20

-0.69 (-3.47%)

06/07/18
STFL
06/07/18
INITIATION
Target $21
STFL
Buy
Kornit Digital resumed with a Buy at Stifel
Stifel analyst Patrick Ho resumed coverage of Kornit Digital with a Buy rating and $21 price target, saying he believes 2018 will be a "rebound year" with momentum that will carry into strong growth for 2019 as well.
08/28/18
WBLR
08/28/18
NO CHANGE
WBLR
Outperform
Amazon upgrading printers to Kornit's new HD technology, says William Blair
Based on information from the Pennsylvania Department of Environmental Protection, William Blair analyst Brian Drab believes Amazon (AMZN) is upgrading Kornit printers that were already installed in its Pennsylvania textile printing facility to Kornit's new high definition print engine and also laying the groundwork to expand the facility from a maximum of 48 machines to 72 machines. In a research note titled "As Far as We Can Tell, Amazon Really Likes Kornit," Drab says Kornit's valuation is attractive given his expectation for about 20% revenue growth and margin driving greater than 30% earnings growth going forward. He points out that Amazon recently applied for two new air-quality permits and also submitted an application to expand capacity at its Pennsylvania facility from 48 printers to 72 printers. This is clearly a step toward upgrading the existing fleet of machines in the Pennsylvania facility to the HD technology Kornit introduced in early 2018, the analyst contends. He believes Amazon's e application for 72 printers is likely to be approved given it is essentially an addendum to previous permits. Drab estimates that an incremental 24 printers would likely generate about $10M in revenue for Kornit. He keeps an Outperform rating on the shares.
07/18/18
SBSH
07/18/18
INITIATION
Target $20
SBSH
Neutral
Kornit Digital initiated with a Neutral at Citi
Citi analyst Jim Suva started Kornit Digital (KRNT) with a Neutral rating and $20 price target. The analyst would like to see Kornit grow revenue from customers outside of Amazon (AMZN). He says he'll turn more positive on the shares if he sees a more attractive valuation and/or customer concentration risks alleviate.
12/18/18
WBLR
12/18/18
NO CHANGE
WBLR
Amazon close to getting permit for more Kornit printers, says William Blair
William Blair analyst Brian Drab has learned that the Pennsylvania Department of Environmental Protection is close to issuing a permit to Amazon (AMZN) that would allow the company to expand textile printing capacity in its Norristown, Pennsylvania, facility by 50%. Specifically, the permit would allow Amazon to place a total of 72 textile printers in the facility, up from the limit of 48 associated with the original permit, Drab tells investors in a research note. The PDEP expects to issue the expansion permit by February 15, 2019, says the analyst, who originally broke the news regarding Amazon's application for this permit in August. Drab says the "timing and significance" of the permit gives him increased confidence in his 2019 forecast for Kornit Digital (KRNT). He believes the Norristown facility currently operates about 40 Kornit printers. As such, the permit creates the opportunity for the facility to take about 30 additional machines. Drab's 2019 forecast for Kornit's consolidated revenue includes the sale of 30 machines to Amazon. The permit also gives increased confidence in the long-term outlook for Kornit because it is affirmation that Amazon is committed to utilizing Kornit technology in its textile printing operations, says the analyst. He keeps an Outperform rating on Kornit Digital, which closed yesterday down 29c to $17.53.
TLYS Tilly's
$11.92

0.055 (0.46%)

08/30/18
ROTH
08/30/18
NO CHANGE
Target $22
ROTH
Buy
Tilly's price target raised to $22 from $17 at Roth Capital
Roth Capital analyst Dave King raised his price target for Tilly's to $22 from $17 after Q2 results beat estimates on strong comps and lower than expected expenses, while guidance exceeded expectations on strong Back to School performance. The analyst reiterates a Buy rating on the shares, which reflects Tilly's attractive relative valuation, high concentration of proprietary private label products, limited fashion risk, small relative store footprint, continued tailwinds from recent merchandising improvement initiatives, and the potential for rent relief and further capital return.
08/30/18
08/30/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tilly's (TLYS) upgraded to Outperform from Market Perform at William Blair with analyst Sharon Zackfia citing improved comp momentum, easing upcoming comparisons against e-commerce issues in the fourth and first quarters, and increased conviction in the company's potential to grow the unit base from 226 sites today. 2. Arlo Technologies (ARLO) upgraded to Buy from Neutral at Guggenheim with analyst Robert Cihra saying the recent pullback in shares offers a compelling buying opportunity and has a meaningful runway to keep growing. 3. Altra Industrial Motion (AIMC) upgraded to Buy from Neutral at Sidoti and to Overweight from Sector Weight at KeyBanc. 4. Genesco (GCO) upgraded to Buy from Hold at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward looks more favorable following the company's "strong" Q2 results and the continuation of favorable back-to-school trends into Q3. 5. HD Supply (HDS) upgraded to Buy from Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
12/06/18
PIVT
12/06/18
UPGRADE
Target $14
PIVT
Buy
Tilly's upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Mitch Kummetz upgraded Tilly's to Buy while lowering his price target for the shares to $14 from $17. The upgrade is "purely valuation related," as the stock's risk/reward now looks favorable at current levels, Kummetz tells investors in a research note. He believes the shares "appear cheap" based on current estimates. Further, three months into the issuance of the discount coupon settlement, "redemptions have largely been immaterial," says Kummetz.
09/04/18
PIVT
09/04/18
DOWNGRADE
Target $22
PIVT
Hold
Tilly's downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Mitch Kummetz downgraded Tilly's to Hold while raising his price target for the shares to $22 from $21. The analyst cites valuation for the downgrade, saying the risk/reward no longer looks favorable at current levels. Shares of Tilly's appear fully valued on current estimates, Kummetz tells investors in a research note.
YETI Yeti
$18.11

1.435 (8.61%)

01/10/19
JEFF
01/10/19
NO CHANGE
Target $34
JEFF
Buy
Jefferies consumer survey shows 'robust' brand strength for Yeti
Jefferies analyst Randal Konik says his firm's survey of 350 consumers across the U.S. found that Yeti's brand strength is "robust" with greater than 80% of respondents familiar with the brand. The 2018 Holiday season was one of the strongest in years, and results show Yeti products made popular Holiday gifts, Konik tells investors in a research note. He points out that nearly half of the survey's respondents intended to gift a Yeti product this Holiday. Further, he sees "significant opportunity" for the company to expand its total addressable market as it broadens its exposure to non-heritage markets in the U.S. and international over the long term. The analyst keeps a Buy rating on Yeti with a $34 price target.
01/02/19
JEFF
01/02/19
NO CHANGE
JEFF
Buy Gap, sell L Brands are Jefferies' best Consumer ideas for 2019
In the Consumer space, Jefferies analyst Randal Konik says his best ideas for 2019 are buying Gap (GPS) and selling L Brands (LB). The analyst recommends using the late 2018 selloff as an opportunity to get long consumer names for 2019. His other top Buy ideas are American Eagle (AEO), Boot Barn (BOOT), Capri Holdings (CPRI), Five Below (FIVE), Foot Locker (FL), Fox Factory (FOXF), Acushnet Holdings (GOLF), Kohl's (KSS), Manchester United (MANU), Ollie's Bargain Outlet (OLLI), Tiffany (TIF), Urban Outfitters (URBN), Under Armour (UAA) and Yeti (YETI). On L Brands, Konik continues to believe Victoria's Secret "is broken," Pink "is a fad" that's sales will get cut in half, and Bath & Body Works is at a "cyclical peak with daunting compares ahead." On the flip side, the analyst thinks Gap will be one of the top S&P 500 stocks in 2019. He recommends "aggressively" buying the shares at current levels.
01/14/19
JEFF
01/14/19
NO CHANGE
Target $35
JEFF
Buy
Yeti target raised to $35 after 'strong' Q4 at Jefferies
Yeti's preliminary Q4 results were strong, as the brand continues to gain credibility in non-core categories and mix shifts favorably to direct-to-consumer, Jefferies analyst Randal Konik tells investors in a post-earnings research note. The analyst sees "significant opportunity" for Yeti to expand its total addressable market and boosted his price target for the shares to $35 from $34. He keeps a Buy rating on the name.
01/14/19
BARD
01/14/19
NO CHANGE
Target $23
BARD
Outperform
Yeti bullish thesis reinforced by Q4 update, says Baird
Baird analyst Peter Benedict noted Yeti provided a positive Q4 update which he said reinforces his bullish thesis. The analyst believes the company is on track to be a $1B brand within the next 2-3 years as rising brand awareness, ongoing product innovation, and a broadening geographic footprint will support its growth. Benedict reiterated his Outperform rating and $23 price target on Yeti shares.
PLNT Planet Fitness
$57.30

-1.46 (-2.48%)

11/05/18
PIPR
11/05/18
NO CHANGE
Target $61
PIPR
Overweight
Planet Fitness called a favorite SMID cap idea at Piper Jaffray
Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Planet Fitness with a $61 price target ahead of what he thinks will be positive Q3 results tomorrow. The company "checks off all the boxes for Consumer-oriented names to own in a volatile, late bull market with rising interest rates," Keith tells investors in a pre-earnings research note. Planet Fitness has little/no tariff exposure, no interest rate exposure and a "steady" subscription model with automatic recurring monthly payments, says the analyst. Keith calls Planet Fitness his favorite SMID cap idea.
12/04/18
COWN
12/04/18
NO CHANGE
Target $65
COWN
Outperform
Planet Fitness a Best Idea for 2019, says Cowen
Cowen analyst Oliver Chen believes health and wellness will remain a dominant trend. The analyst said Planet Fitness offers a compelling value proposition coupled with a highly scalable franchise model that will enable it to gain market share. Chen said the shares are expensive, but are worth it, as he believes long-term earnings estimates can steadily go higher. Chen calls Planet Fitness a Best Idea for 2019 and he reiterated his Outperform rating while raising his price target to $65 from $58.
11/07/18
PIPR
11/07/18
NO CHANGE
Target $64
PIPR
Overweight
Planet Fitness comp growth remains 'remarkably resilient,' says Piper Jaffray
Piper Jaffray analyst Peter Keith raised his price target for Planet Fitness to $64 from $61 citing last night's "solid" Q3 results and raise to guidance. Keith says Planet Fitness remains his favorite long-term compounding earnings growth story. Comp growth remains "remarkably resilient" as Planet Fitness' franchisee base becomes more sophisticated, Equipment sales growth is accelerating with increased replacement sales, and the company is selectively acquiring small franchisees to drive corporate club growth, Keith tells investors in a post-earnings research note. He sees a path to sustainable 30% earnings growth and keeps an Overweight rating on the shares.
11/12/18
MACQ
11/12/18
DOWNGRADE
MACQ
Neutral
Planet Fitness downgraded to Neutral from Outperform at Macquarie
PRMW Primo Water
$13.77

-0.77 (-5.30%)

11/16/18
BMOC
11/16/18
UPGRADE
Target $17
BMOC
Outperform
Primo Water upgraded to Outperform at BMO Capital on valuation
As reported earlier, BMO Capital analyst Amit Sharma upgraded Primo Water to Outperform from Market Perform and raised his price target to $17 from $15. The analyst says the recent 20% decline in the stock price was driven by "self-inflicted" and "completely reversible" operational missteps which created an "attractive" entry point for the shares. Sharma anticipates sequential operational improvements to come in Q4 as the "double-digit price increases" get fully rolled out and volume losses from machine downtime are moderated, raising his FY18 EPS view to 36c from 33c and FY19 view to 54c from 46c.
11/16/18
BMOC
11/16/18
UPGRADE
BMOC
Outperform
Primo Water upgraded to Outperform from Market Perform at BMO Capital
11/16/18
IMPC
11/16/18
INITIATION
Target $18
IMPC
Outperform
Primo Water initiated with an Outperform at Imperial Capital
Imperial Capital analyst George Kelly started Primo Water with an Outperform rating and $18 price target. With a nationwide network and a "transformative" refinancing now in place, Promo can "dramatically improve its unit economics over time," Kelly tells investors in a research note. He believes the company's management team and board "appear well suited for the challenge."
12/10/18
BRRR
12/10/18
NO CHANGE
Target $20
BRRR
Outperform
Primo Water weakness an 'historic buying opportunity,' says Barrington
Primo Water is "probably our best idea" at current valuation levels, Barrington analyst Michael Petusky tells investors in a research note. After traveling with management, the analyst calls Primo's "highly favorable." The company reaffirmed that it will have technology fully in place on all its 17,000 outdoor refill machines by the end of Q2 in 2019, which will allow Primo to respond quickly to any mechanical issues and limit machine downtime, Petusky writes. He views the current weakness in the shares "as an historic buying opportunity" and keeps an Outperform rating on the name with a $20 price target.
BOOT Boot Barn
$21.97

2.62 (13.54%)

01/07/19
PIVT
01/07/19
UPGRADE
Target $24
PIVT
Buy
Boot Barn upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Mitch Kummetz upgraded Boot Barn to Buy while lowering his price target for the shares to $24 from $27. The analyst views the stock's risk/reward as favorable at current levels. While oil prices have fallen, oil and gas employment has not, Kummetz tells investors in a research note. He sees Boot Barn achieving, if not exceeding, the high end of its fiscal Q3 guidance.
01/02/19
WELS
01/02/19
NO CHANGE
Target $19
WELS
Market Perform
Boot Barn price target lowered to $19 from $29 at Wells Fargo
Wells Fargo analyst Tom Nikic lowered his price target for Boot Barn to $19 from $29, while reiterating a Market Perform rating on the shares. In a research note titled "2019 Retail Outlook report," the analyst says he believes Holiday reads likely slowed post Black Friday, Multinational brands struggled relative to retailers the past several months as concerns around Europe weakness, China uncertainty, a slowdown in tourism and FX pressures are growing, e-commerce meaningfully underperformed Brick and Mortar retail in 2018 as inflated multiples have been hit hard in the face of a painful tech ''unwind'' and choppier fundamentals, 2019 is likely to be worse than 2018 for the space, and Leases are coming onto retailers' balance sheets in 2019, making for worse capital structure optics.
11/19/18
JPMS
11/19/18
NO CHANGE
Target $34
JPMS
Overweight
Boot Barn risk/reward attractive at current levels, says JPMorgan
After hosting meetings with management, JPMorgan analyst Matthew Boss sees an attractive risk/reward setup in the near-term for shares of Boot Barn. The analyst sees numbers moving higher and keeps an Overweight rating on the shares with a $34 price target. He believes Boot Barn's same-store-sales remain double-digits quarter to date and oil/gas region trends "remain firmly above" company average comps despite the 25% pullback in oil prices.
FOXF Fox Factory
$62.58

-0.36 (-0.57%)

11/23/18
11/23/18
DOWNGRADE
Target $70

Neutral
Fox Factory downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Fox Factory to Neutral from Buy and raised its price target to $70 from $60. Analyst Rafe Jadrosich said shares "nearly fully valued" and expects growth to moderate going forward.
07/16/18
JEFF
07/16/18
INITIATION
Target $63
JEFF
Buy
Fox Factory initiated with a Buy at Jefferies
Jefferies analyst Randal Konik started Fox Factory with a Buy rating and $63 price target. The company has "significant white space" in the "attractive" performance ride dynamics industry with new vehicle categories, deeper aftermarket penetration, international growth, a broadened addressable market, and acquisitions, Konik tells investors in a research note. He believes Fox Factory's brand, distribution, and research and development "should support robust growth ahead."
11/23/18
BOFA
11/23/18
DOWNGRADE
BOFA
Neutral
Fox Factory downgraded to Neutral from Buy at BofA/Merrill
FRPT Freshpet
$34.95

0.445 (1.29%)

11/06/18
IMPC
11/06/18
NO CHANGE
Target $35
IMPC
In-Line
Freshpet price target raised to $35 from $18 at Imperial Capital
Imperial Capital analyst George Kelly raised his price target for Freshpet to $35 and keeps an In-Line rating on the shares following the company's "mixed" Q3 results. While demand trends remain favorable, the sequential margin outlook is somewhat uncertain due to expanded production and staffing, Kelly tells investors in a post-earnings research note. He believes Freshpet shares will remain range-bound until sequential margin trends firm.
01/14/19
01/14/19
NO CHANGE

Baird remains buyer of Freshpet after FY18 plan reaffirmed
Baird analyst Peter Benedict reiterated an Outperform rating and $43 price target on Freshpet, saying he would remain a buyer of "this compelling small-cap growth story" after the company reaffirmed its FY18 plan -- reaffirming its FY18 revenue and EBITDA guidance -- ahead of an investor conference.
08/13/18
FBCO
08/13/18
NO CHANGE
Target $32
FBCO
Neutral
Freshpet price target raised to $32 from $26 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Freshpet to $32 from $26 as robust sales growth provides strong foundation for further expansion. The analyst reiterates a Neutral rating on the shares as he sees limited upside in the near-term.
07/30/18
BARD
07/30/18
NO CHANGE
Target $35
BARD
Outperform
Freshpet price target raised to $35 from $27 at Baird
Baird analyst Peter Benedict raised his price target on Freshpet to $35 from $27 ahead of Q2 results. The analyst noted the strong traction it is seeing in year two of its "Feed the Growth " strategy and its share price increase of roughly 50% since the Q1 results set a high bar. Benedict reiterated his Outperform rating on Freshpet shares.
STKL SunOpta
$4.18

-0.04 (-0.95%)

PLAY Dave & Buster's
$50.84

-0.68 (-1.32%)

12/12/18
RHCO
12/12/18
NO CHANGE
Target $69
RHCO
Buy
Dave & Buster's price target lowered to $69 from $74 at SunTrust
SunTrust analyst Jake Bartlett lowered his price target on Dave & Buster's to $69 after its "mixed bag" Q3 set of results with "solid" amusements comps and "weak" food & beverage comps. The analyst also notes the company's initial FY19 revenue guidance of growth in high single digits being below expectations, but believes that the management is being conservative with its outlook. Longer term, Bartlett keeps his Buy rating on Dave & Buster's and sees the pullback in the stock price after Q3 results as a "strong buying opportunity".
12/12/18
BMOC
12/12/18
NO CHANGE
Target $62
BMOC
Outperform
Dave & Buster's price target lowered to $62 from $70 at BMO Capital
BMO Capital analyst Andrew Strelzik lowered his price target on Dave & Buster's to $62 after its mixed Q3 results, modeling a lower multiple to reflect the heightened uncertainty around the company's EBITDA growth driven by its "weaker new unit productivity". The analyst also keeps his Outperform rating and sees value in the shares coming from the company's "potential return to positive comps coupled with ability to double units".
12/12/18
LOOP
12/12/18
NO CHANGE
Target $65
LOOP
Buy
Dave & Buster's price target lowered to $65 from $70 at Loop Capital
Loop Capital analyst Lynne Collier lowered her price target on Dave & Buster's to $65 after its Q3 results, saying the in-line earnings were supported by a lower tax rate. While the analyst sees the performance of the company as "volatile", she maintains a positive view of the stock and recommends that investors Buy the weakness. Collier cites Dave & Buster's launch of 4 VR titles by the end of 2019, easier comps in the next several quarters, expected sequential improvement in food and beverage from the upgraded food quality, and low valuation relative to the industry.
12/24/18
RHCO
12/24/18
NO CHANGE
Target $69
RHCO
Buy
Dave & Buster's new Dragonfrost VR game to 'heat up' sales, says SunTrust
SunTrust analyst Jake Bartlett kept his Buy rating and $69 price target on Dave & Buster's, saying his review of the new Dragonfrost VR game which launched nation-wide last Thursday is favorable. The analyst notes that the gaming experience is "more interactive" than the current Jurassic Park game and also runs a minute longer than the 5-minute duration of Jurassic Park. Bartlett expects "positive results" from the launch, adding that the next 3 weeks are typically the company's highest volume period.
ANF Abercrombie & Fitch
$19.16

-0.92 (-4.58%)

08/31/18
JPMS
08/31/18
NO CHANGE
Target $19
JPMS
Underweight
Abercrombie & Fitch price target lowered to $19 from $23 at JPMorgan
JPMorgan analyst Matthew Boss lowered his price target for Abercrombie & Fitch to $19 and keeps an Underweight rating on the shares following yesterday's Q2 results. Accelerating compares and sustained margin pressure raises "red flags" for the second half of the year, Boss tells investors in a research note.
10/11/18
JPMS
10/11/18
NO CHANGE
Target $16
JPMS
Underweight
Abercrombie & Fitch price target lowered to $16 from $19 at JPMorgan
JPMorgan analyst Matthew Boss lowered his price target for Abercrombie & Fitch to $16 and maintains an Underweight rating on the shares. Work in the field and talks with management points to elevated risk, Boss tells investors in a research note. Such risks, according to the analyst, include Abercrombie's Europe exposure with has seen unfavorable weather and its exposure to a potentially increasing minimum wage.
10/11/18
WEDB
10/11/18
NO CHANGE
Target $17
WEDB
Neutral
Abercrombie & Fitch price target lowered to $17 from $25 at Wedbush
Wedbush analyst Jen Redding lowered her price target for Abercrombie & Fitch to $17 from $25 on Q3 negative data signal from new proprietary data model. The analyst says the Wedbush Big Data Product forecasts third quarter gross margin as a percent of sales to be lower than consensus by 249 bps to 58.97% compared with the consensus estimate of 61.46%. Given its large sample size and historical accuracy, as well as rigorous statistical back testing, the analyst is confident in the directionality of the forecasted miss, and are cautiously lowering estimates in her financial model. Redding reiterates a Neutral rating on the shares.
11/26/18
DBAB
11/26/18
UPGRADE
Target $24
DBAB
Buy
American Eagle upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Tiffany Kanaga upgraded American Eagle Outfitters (AEO) to Buy with an unchanged price target of $24. The analyst also reiterates a Sell rating on Abercrombie & Fitch (ANF) ahead of the Q3 results for the teen retailers. The analyst views American Eagle's valuation as undemanding and sees a buying opportunity at current share levels. Amid more favorable weather and following Black Friday channel checks, the analyst has increased confidence that the company can exceed guidance in Q3 and cycle a tough compare in Q4.
SHAK Shake Shack
$50.69

-0.12 (-0.24%)

12/12/18
STFL
12/12/18
NO CHANGE
Target $55
STFL
Hold
Shake Shack price target lowered to $55 from $65 at Stifel
Stifel analyst Chris O'Cull adjusted his out-year estimates for Shake Shack after hosting a conference call with the company's CFO to reflect less G&A leverage as he expects the company to keep investing in support services to drive growth. Given the estimate shift, he lowered his price target on Shake Shack shares to $55 from $65 and keeps a Hold rating on the stock, stating that he believes cost pressures could limit margin leverage. However, O'Cull noted that management expressed a confident tone toward recent new unit performance and Shake Shack's long-term growth outlook.
12/19/18
JEFF
12/19/18
UPGRADE
Target $45
JEFF
Hold
Jefferies upgrades Shake Shack to Neutral with valuation 'back to earth'
Jefferies analyst Andy Barish upgraded Shake Shack to Hold from Underperform with an unchanged price target of $45. The burger chain closed yesterday down 67c to $45.08. The analyst believes the stock is now fairly valued and reflects the company's "evolving" margin profile. Shake Shack's valuation "has come back to earth" as its "best-in-class," 20%-plus development and multiple same-store-sales drivers are balanced by "choppy" same-store-sales and "shifting" margin profile, Barish tells investors in a research note.
12/19/18
JEFF
12/19/18
UPGRADE
JEFF
Hold
Shake Shack upgraded to Hold from Underperform at Jefferies
01/11/19
PIPR
01/11/19
NO CHANGE
PIPR
Piper lays out top restaurant stock recommendations for 2019
Restaurant stocks are back in favor, Piper Jaffray analyst Nicole Miller Regan tells investors in a research note. She believes "we are at the mid-point of the current contraction phase." Fewer stocks, a fundamentally improved supply/demand balance resulting in improved sales performance, and ongoing consolidation lend valuation support, says the analyst. She views restaurant sector as being favorably positioned "as investors shift their perspective to the eventual expansion cycle." Miller Regan's top stock recommendations for 2019 include companies with "operational momentum and strong culture as drivers," namely Darden (DRI), McDonald's (MCD) and Shake Shack (SHAK), as well as companies she has a high level of conviction on recovery situations, like Chipotle Mexican Grill (CMG). Those four are her top picks for 2019.

TODAY'S FREE FLY STORIES

LION

Fidelity Southern

$28.41

-0.16 (-0.56%)

12:48
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Fidelity Southern reports Q4 EPS 36c, consensus 33c »

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BMY

Bristol-Myers

$49.50

0.37 (0.75%)

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Bristol Myers Squibb call volume above normal and directionally bullish »

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Treasury's $13 B 10-year TIPS preview: the auction may suffer »

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FOSL

Fossil

$17.50

0.09 (0.52%)

, GOOG

Alphabet

$1,080.85

0.63 (0.06%)

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Fossil

$17.50

0.09 (0.52%)

GOOG

Alphabet

$1,080.85

0.63 (0.06%)

GOOGL

Alphabet Class A

$1,090.00

1.17 (0.11%)

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RTN

Raytheon

$161.77

2.4 (1.51%)

12:32
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Raytheon awarded $434M contract modification for SPY-6 AIM-9X tactical missiles »

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GOOG

Alphabet

$1,079.92

-0.3 (-0.03%)

, FOSL

Fossil

$17.50

0.09 (0.52%)

12:31
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Fossil to sell select smartwatch technology to Google for $40M »

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GOOG

Alphabet

$1,079.92

-0.3 (-0.03%)

FOSL

Fossil

$17.50

0.09 (0.52%)

GOOGL

Alphabet Class A

$1,089.70

0.87 (0.08%)

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JPM

JPMorgan

$102.54

0.06 (0.06%)

12:30
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01/17
12:30
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12:30
Options
Call butterfly in JP Morgan is similar to one in Wells Fargo »

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PHG

Philips

$35.40

(0.00%)

12:29
01/17/19
01/17
12:29
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12:29
Periodicals
Philips to shutter U.K. factory as Brexit concerns intensify, Bloomberg says »

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LMFA

LM Funding

$2.19

0.765 (53.87%)

12:27
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12:27
Hot Stocks
LM Funding spikes 53% after completing IIU acquisition, sees accretion in 2019 »

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NWSA

News Corp.

$12.42

0.03 (0.24%)

12:25
01/17/19
01/17
12:25
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12:25
Upgrade
News Corp. rating change  »

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FDC

First Data

$22.17

0.9 (4.23%)

12:25
01/17/19
01/17
12:25
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12:25
Options
First Data call volume above normal and directionally bullish »

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  • 03

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BLK

BlackRock

$410.20

-2.65 (-0.64%)

12:25
01/17/19
01/17
12:25
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12:25
Periodicals
BlackRock CEO calls on business leaders to tackle social issues, FT says »

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MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

, AAPL

Apple

$154.13

-0.75 (-0.48%)

12:22
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On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks opened in negative…

MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

AAPL

Apple

$154.13

-0.75 (-0.48%)

JNJ

Johnson & Johnson

$128.65

0.65 (0.51%)

SHLD

Sears

$0.00

(0.00%)

SBNY

Signature Bank

$120.40

7.98 (7.10%)

MTB

M&T Bank

$161.77

7.32 (4.74%)

SIG

Signet Jewelers

$25.63

-7.745 (-23.21%)

WDC

Western Digital

$35.97

-1.83 (-4.84%)

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LPCN

Lipocine

$2.24

0.65 (40.88%)

12:17
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01/17
12:17
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Recommendations
Lipocine analyst commentary  »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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NASDAQ market internals summary »

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LMB

Limbach Holding

$5.00

(0.00%)

12:16
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Limbach awarded contracts totaling $81.4M for hospital construction »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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NYSE market internals summary »

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LPCN

Lipocine

$2.27

0.68 (42.77%)

12:12
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Periodicals
Lipocine NASH data contain plenty of 'red flags,' STAT's Feuerstein writes »

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CVE

Cenovus Energy

$7.79

-0.19 (-2.38%)

12:10
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12:10
Options
Second day of call buying in Cenovus Energy continues as shares slump »

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SQ

Square

$68.79

2.9 (4.40%)

12:04
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Square launches free debit card for business, with sellers access to funds »

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ALBO

Albireo Pharma

$24.54

0.08 (0.33%)

12:03
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Albireo Pharma treatment of biliary atresia granted FDA orphan status »

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GPOR

Gulfport Energy

$8.67

-0.23 (-2.58%)

12:02
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Gulfport Energy confirms receipt of Firefly letter »

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UNFI

United Natural Foods

$13.09

-2.32 (-15.06%)

12:00
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Hot Stocks
United Natural Foods falls -15.1% »

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ESTE

Earthstone Energy

$5.28

-1.49 (-22.01%)

12:00
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Hot Stocks
Earthstone Energy falls -21.9% »

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SIG

Signet Jewelers

$25.49

-7.885 (-23.63%)

12:00
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12:00
Hot Stocks
Signet Jewelers falls -23.6% »

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