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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

  • 19

    Mar

  • 19

    Mar

  • 25

    Mar

  • 26

    Mar

  • 27

    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

UBER

Uber

$41.40

0.94 (2.32%)

17:49
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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

17:46
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Syndicate
Aptose Biosciences files for $40M at-the-market common stock offering »

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

17:26
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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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Periodicals
Apple sued over allegedly selling users' iTunes data, Bloomberg says »

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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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Hot Stocks
SuperCom discloses Nasdaq notice regarding delayed 20-F filing »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
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Hot Stocks
U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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Syndicate
Breaking Syndicate news story on Myovant Sciences »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:17
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Breaking Syndicate news story on Myovant Sciences »

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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Qiagen launches diagnostic for PIK3CA biomarkers in breast cancer »

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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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  • 24

    May

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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05/24
16:56
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16:56
Periodicals
ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
05/24/19
05/24
16:53
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16:53
Periodicals
Apple acquires startup Tueo Health, CNBC reports »

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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
05/24/19
05/24
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16:52
Syndicate
Breaking Syndicate news story on SharpSpring »

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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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Syndicate
Breaking Syndicate news story on China Recycling Energy »

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FENC

Fennec

$3.88

(0.00%)

16:36
05/24/19
05/24
16:36
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16:36
Conference/Events
Fennec management to meet with Wedbush »

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  • 29

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
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Breaking Syndicate news story on Toronto-Dominion »

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16:30
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Preliminary option volume of 15.7M today »

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CBUS

Cibus

$0.00

(0.00%)

16:25
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BA

Boeing

$355.14

4.57 (1.30%)

16:23
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  • 29

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FB

Facebook

$181.03

0.14 (0.08%)

, BA

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$355.14

4.57 (1.30%)

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Facebook

$181.03

0.14 (0.08%)

BA

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$355.14

4.57 (1.30%)

UAL

United Continental

$80.77

-0.14 (-0.17%)

SMI

SMIC

$5.23

-0.26 (-4.74%)

HPQ

HP Inc.

$20.03

0.835 (4.35%)

HPE

HP Enterprise

$14.36

0.03 (0.21%)

NVS

Novartis

$87.49

3.03 (3.59%)

CNC

Centene

$56.84

1.39 (2.51%)

WCG

WellCare

$275.45

0.99 (0.36%)

TSS

TSYS

$113.42

13.81 (13.86%)

GPN

Global Payments

$153.42

5.45 (3.68%)

HIBB

Hibbett Sports

$23.91

4.07 (20.51%)

DVAX

Dynavax

$5.77

-0.59 (-9.28%)

FL

Foot Locker

$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/24/19
05/24
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16:20
Options
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/24/19
05/24
16:17
05/24/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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05/24
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05/24/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

16:15
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Hot Stocks
Regional Health Properties receives NYSE notice over late Form 10-Q filing »

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
05/24/19
05/24
16:14
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16:14
Syndicate
Breaking Syndicate news story on Translate Bio »

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  • 18

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