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MIK

Michaels

$11.79

0.11 (0.94%)

, DSW

DSW

$25.30

-0.09 (-0.35%)

20:25
03/18/19
03/18
20:25
03/18/19
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include HD Supply (HDS), consensus 67c... DSW Inc. (DSW), consensus 4c... Michaels (MIK), consensus $1.42.

MIK

Michaels

$11.79

0.11 (0.94%)

DSW

DSW

$25.30

-0.09 (-0.35%)

HDS

HD Supply

$43.09

0.09 (0.21%)

  • 19

    Mar

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    Mar

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    Mar

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    Mar

MIK Michaels
$11.79

0.11 (0.94%)

03/15/19
PIPR
03/15/19
NO CHANGE
Target $9
PIPR
Underweight
Michaels price target lowered to $9 from $11 at Piper Jaffray
Piper Jaffray analyst Peter Keith lowered his price target for Michaels to $9 from $11 and reiterates an Underweight rating on the shares. The analyst continues to see flattish comps and declining EBIT margin looking out the next couple years. The company has now seen declining EBIT margin for three years, and the Keith expects this trend to continue. He notes the new CEO sets "reasonable/beatable" guidance, uses excess free cash flow to delever the balance sheet rather than repurchase stock, work toward reducing e-commerce shipping costs.
03/01/19
JPMS
03/01/19
DOWNGRADE
Target $15
JPMS
Neutral
Michaels downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Christopher Horvers downgraded Michaels to Neutral and lowered his price target for the shares to $15 from $18. The analyst sees downside risks following the departure of CEO Chuck Rubin.
02/06/19
LOOP
02/06/19
UPGRADE
Target $17
LOOP
Buy
Michaels upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Laura Champine upgraded Michaels Companies to Buy and raised her price target for the shares to $17 from $14. Investors will focus on the fiscal 2019 guidance when the company reports on March 19, and its Q1 is likely to benefit from higher tax returns this year, Champine tells investors in a research note. She believes Michaels' valuation is attractive and expects a "bounce in the stock as results stabilize." The 2018 selloff in the shares presents an opportunity, says the analyst.
01/31/19
FBCO
01/31/19
NO CHANGE
Target $20
FBCO
Outperform
Michaels price target lowered to $20 from $26 at Credit Suisse
Credit Suisse analyst Seth Sigman lowered his price target for Michaels to $20 from $26 after the company lowered Q4 guidance to the low end of its range, balancing a strong holiday period with slowdown in January. The analyst views the quarterly results as mixed, with some bright spots from a number of initiatives that could be more meaningful in 2019, but in many ways playing into the prevailing concerns on the name around holiday-dependence and inability to deliver consistent positive comps. He reiterates an Outperform rating on the shares.
DSW DSW
$25.30

-0.09 (-0.35%)

10/11/18
NEED
10/11/18
NO CHANGE
Target $32
NEED
Buy
DSW price target lowered to $32 from $35 at Needham
Needham analyst Rick Patel lowered his price target on DSW to $32 after the company announced the acquisition of Camuto Group for $256M. Beyond the negative short-term impact of the deal's "dilution on new debt and investments needed" however, the analyst is positive on DSW being able to diversify its sales channels and categories, enable growth for proprietary brands, and provide it with access to the "underpenetrated direct-to-consumer business". Patel keeps his Buy rating on DSW.
11/16/18
SUSQ
11/16/18
UPGRADE
SUSQ
Neutral
DSW upgraded to Neutral from Negative at Susquehanna
11/16/18
11/16/18
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. Qualcomm (QCOM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst James Faucette saying he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. 2. Spark Therapeutics (ONCE) upgraded to Neutral from Underperform at Credit Suisse with analyst Martin Auster saying with uniQure's (QURE) update validating AMT-061, its second generation hemophilia B gene therapy construct incorporating the Padua variant, and Freeline's initial data disclosed in ASH abstracts, he sees a more competitive landscape in hemophilia B gene therapy, and lowered his market share assumptions for SPK-9001 to reflect this new dynamic. 3. Armstrong Flooring (AFI) upgraded to Buy from Hold at Gabelli with analsyt Alvaro Lacayo saying the sale of the wood business is a transformative deal and removes two underperforming segments that have been under increased pressure from private label competition. 4. DSW (DSW) upgraded to Neutral from Negative at Susquehanna. 5. PG&E (PCG) and Edison International (EIX) were upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/18
10/12/18
NO CHANGE
Target $29

Neutral
DSW price target lowered to $29 from $33 at MKM Partners
MKM Partners analyst Patrick McKeever lowered his price target on DSW to $29 and kept his Neutral rating after the company's plans to acquire the operations of Camuto Group and take a 40% joint venture stake in Authentic Brands Group. The analyst states that the deal would be "significantly" accretive in the long term, but in the short run would pose some integration risk given the "poor recent operating performance" of Camuto.
HDS HD Supply
$43.09

0.09 (0.21%)

12/20/18
12/20/18
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PolarityTE (PTE) initiated with an Overweight at Piper Jaffray. 2. Acer Therapeutics (ACER) initiated with a Buy at Needham. 3. Jagged Peak Energy (JAG) initiated with a Neutral at Macquarie and a Sector Weight at KeyBanc. 4. Inspired Entertainment (INSE) initiated with a Buy at Roth Capital. 5. HD Supply (HDS) initiated with a Buy at Buckingham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/25/19
BARD
01/25/19
UPGRADE
BARD
Outperform
HD Supply upgraded to Outperform from Neutral at Baird
01/25/19
BARD
01/25/19
UPGRADE
Target $52
BARD
Outperform
HD Supply upgraded to Outperform on Facilities Maintenance improvement at Baird
As reported previously, Baird analyst David Manthey upgraded HD Supply to Outperform from Neutral. The analyst has renewed confidence in the Facilities Maintenance business, which has returned to profitable growth, thus removing a key overhang on the stock. Manthey raised his price target to $52 from $46 on HD Supply shares.
12/20/18
BUCK
12/20/18
INITIATION
Target $44
BUCK
Buy
HD Supply initiated with a Buy at Buckingham
Buckingham analyst Robert Barry initiated HD Supply with a Buy and $44 price target citing end market growth, strong outgrowth, stable gross margins, and good operating leverage. Barry believes 2019 targets look reasonable and 6% sales growth is achievable nearly on outgrowth alone.

TODAY'S FREE FLY STORIES

SNAP

Snap

$12.08

0.55 (4.77%)

, FB

Facebook

$183.09

1.6 (0.88%)

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Facebook

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WVE

Wave Life Sciences

$27.21

1.43 (5.55%)

11:50
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11:50
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11:50
General news
Treasury's $26 B 52-week bill results were very strong »

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FELE

Franklin Electric

$48.00

-3.16 (-6.18%)

11:47
04/23/19
04/23
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11:47
Earnings
Franklin Electric backs FY19 EPS ex-restructuring charges view $2.37-$2.47 »

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FELE

Franklin Electric

$47.99

-3.17 (-6.20%)

11:43
04/23/19
04/23
11:43
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11:43
Downgrade
Franklin Electric rating change at Boenning & Scattergood »

Franklin Electric…

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AVP

Avon Products

$2.68

0.08 (3.08%)

11:40
04/23/19
04/23
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11:40
Options
Call buyer in Avon as shares snap a seven-day losing skid »

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HRL

Hormel Foods

$39.38

-1.06 (-2.62%)

, SJM

J.M. Smucker

$121.47

0.26 (0.21%)

11:39
04/23/19
04/23
11:39
04/23/19
11:39
On The Fly
Analysts say sell Hormel Foods on pork costs amid African swine fever outbreak »

Shares of Hormel Foods…

HRL

Hormel Foods

$39.38

-1.06 (-2.62%)

SJM

J.M. Smucker

$121.47

0.26 (0.21%)

TSN

Tyson Foods

$73.90

1.09 (1.50%)

BRFS

BRF S.A.

$7.53

0.425 (5.99%)

SAFM

Sanderson Farms

$143.52

1.95 (1.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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11:36
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04/23
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11:36
General news
52-Week Bill Auction Bid/Cover data reported »

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11:36
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General news
52-Week Bill Auction Total Amount data reported »

52-Week Bill Auction…

EROS

Eros International

$8.15

0.13 (1.62%)

11:30
04/23/19
04/23
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11:30
Hot Stocks
Eros Now announces distribution deal with TCL Electronics »

Eros Now announced its…

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  • 14

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LMT

Lockheed Martin

$336.20

20.96 (6.65%)

11:27
04/23/19
04/23
11:27
04/23/19
11:27
Hot Stocks
Breaking Hot Stocks news story on Lockheed Martin »

Lockheed Martin sees tax…

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  • 23

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COP

ConocoPhillips

$67.23

0.245 (0.37%)

11:25
04/23/19
04/23
11:25
04/23/19
11:25
Options
ConocoPhillips call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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LYFT

Lyft

$61.19

0.28 (0.46%)

, QCOM

Qualcomm

$86.17

4.2 (5.12%)

11:24
04/23/19
04/23
11:24
04/23/19
11:24
On The Fly
Lyft initiations, Hormel downgrades among today's top analyst calls »

Check out today's top…

LYFT

Lyft

$61.19

0.28 (0.46%)

QCOM

Qualcomm

$86.17

4.2 (5.12%)

AAPL

Apple

$205.88

1.26 (0.62%)

HCA

HCA Healthcare

$120.61

5.6 (4.87%)

HRL

Hormel Foods

$39.25

-1.19 (-2.94%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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SCON

Superconductor Technologies

$1.71

0.2 (13.25%)

11:22
04/23/19
04/23
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11:22
Hot Stocks
Superconductor Technologies reports IPR selection of Conductus wire »

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LMT

Lockheed Martin

$335.50

20.26 (6.43%)

11:17
04/23/19
04/23
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11:17
Hot Stocks
Lockheed says has seen 'strong' bipartisan support for security initiative »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
04/23/19
04/23
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11:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
04/23/19
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Technical Analysis
NYSE market internals summary »

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HRL

Hormel Foods

$39.27

-1.17 (-2.89%)

11:15
04/23/19
04/23
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11:15
Options
Hormel Foods put volume heavy and directionally bearish »

Bearish flow noted in…

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KSS

Kohl's

$72.84

5.41 (8.02%)

, AMZN

Amazon.com

$1,913.00

24.9 (1.32%)

11:15
04/23/19
04/23
11:15
04/23/19
11:15
Recommendations
Kohl's, Amazon.com analyst commentary at Baird »

Kohl's, Amazon…

KSS

Kohl's

$72.84

5.41 (8.02%)

AMZN

Amazon.com

$1,913.00

24.9 (1.32%)

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11:15
04/23/19
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11:15
04/23/19
11:15
General news
Treasury announced an $85 B batch of 4- and 8-week bill auctions for Thursday »

Treasury announced an $85…

KSS

Kohl's

$72.84

5.41 (8.02%)

, AMZN

Amazon.com

$1,913.00

24.9 (1.32%)

11:14
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Hot Stocks
Kohl's grants Amazon warrant to buy about 1.75M shares »

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KSS

Kohl's

$72.84

5.41 (8.02%)

AMZN

Amazon.com

$1,913.00

24.9 (1.32%)

03/08/13
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LMT

Lockheed Martin

$333.58

18.34 (5.82%)

11:09
04/23/19
04/23
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11:09
Hot Stocks
Lockheed Martin says delivered 26 F-35s in Q1 vs. 14 last year »

Comments from Q1 earnings…

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XRX

Xerox

$34.17

0.35 (1.03%)

, HPQ

HP Inc.

$19.83

-0.05 (-0.25%)

11:01
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04/23
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11:01
Hot Stocks
Xerox names Naresh Shanker SVP, Chief Technology Officer »

Xerox (XRX) announced the…

XRX

Xerox

$34.17

0.35 (1.03%)

HPQ

HP Inc.

$19.83

-0.05 (-0.25%)

03/08/13
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03/06/13
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03/06/13
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AXL

American Axle

$15.52

0.03 (0.19%)

11:00
04/23/19
04/23
11:00
04/23/19
11:00
Options
American Axle attracts call buying as shares lift »

American Axle attracts…

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CVE

Cenovus Energy

$10.34

-0.09 (-0.86%)

10:50
04/23/19
04/23
10:50
04/23/19
10:50
Options
Size call spread in Cenovus ahead of earnings »

Size call spread in…

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