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W

Wayfair

$144.97

-0.28 (-0.19%)

, BBBY

Bed Bath & Beyond

$9.35

-0.56 (-5.65%)

07:46
07/23/19
07/23
07:46
07/23/19
07:46

Wayfair well positioned to take wedding registry market share, says Jefferies

Jefferies analyst Jonathan Matuszewski says his web analytics, pricing, and survey work prove Wayfair (W) is "uniquely-positioned to succeed in the attractive registry market." A high degree of market share currently resides with "struggling peers" like Bed Bath & Beyond (BBBY) and Macy's (M), presenting Wayfair with an opportunity to acquire engaged couples and their roughly 70M guests annually, Matuszewski tells investors in a research note. He estimates over $200M in 2022 wedding registry sales for Wayfair just from active customers, and over $600M when factoring in new customers and other occasions. The analyst reiterates a Buy rating on the shares with a $192 price target. The online retailer closed Monday down 38c to $145.00.

W

Wayfair

$144.97

-0.28 (-0.19%)

BBBY

Bed Bath & Beyond

$9.35

-0.56 (-5.65%)

M

Macy's

$22.10

(0.00%)

  • 25

    Jul

  • 01

    Aug

  • 05

    Aug

W Wayfair
$144.97

-0.28 (-0.19%)

07/19/19
PIPR
07/19/19
NO CHANGE
Target $175
PIPR
Overweight
Wayfair selloff yesterday a good buying opportunity, says Piper Jaffray
Piper Jaffray analyst Peter Keith views the 6% pullback yesterday in shares of Wayfair as a good buying opportunity. While James Savarese and John Mulliken have contributed to the company's "remarkable growth and industry disruption," the management changeover allows Wayfair to either promote or bring in new individuals with global growth backgrounds and deepen its management bench, Keith tells investors in a research note. Further, the analyst's supplier checks suggest a "very healthy" Q2 sales print for the company. He also believes Wayfair's gross margin trends "remain strong" from pricing, logistics, and less drag from international growth. Keith reiterates an Overweight rating on Wayfair shares with a $175 price target.
07/18/19
DBAB
07/18/19
NO CHANGE
Target $175
DBAB
Buy
Wayfair selloff on COO, CTO departures a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Kunal Madhukar says shares of Wayfair were down last night after the company disclosed that its COO and the CTO were leaving the company. However, the analyst does not think the transitions signal a change in Wayfair's underlying business fundamentals. As such, the share weakness has created a buying opportunity, Madhukar tells investors in a research note. While the overall market appears to have slowed down, partly because of the tariffs, Wayfair will be among the beneficiaries as the new macro environment and intensifying competitive landscape could result in eroding profitability and accelerated store closings for the smaller traditional retailers, says Madhukar. He reiterates a Buy rating on the shares with a $175 price target.
07/01/19
NEED
07/01/19
INITIATION
Target $175
NEED
Buy
Wayfair initiated with a Buy at Needham
Needham analyst Rick Patel initiated Wayfair with a Buy rating and $175 price target. In a research note to investors, Patel says he believes Wayfair will continue to be a disruptor in the Home Goods market, with outsized growth in a massive $600B total addressable market, and feels Wayfair is in the early innings of replicating its domestic success abroad.
06/20/19
SBSH
06/20/19
NO CHANGE
SBSH
Neutral
Wayfair long-term model may take longer than expected to reach, says Citi
Citi analyst Nicholas Jones said he believes Wayfair's long-term model may take longer to reach than expected, noting that the company has struggled to drive leverage in its business despite strong revenue growth and "seemingly strong" repeat orders. With Wayfair shares trading near all-time highs, he believes it is increasingly important for investors to look for operating leverage and progress toward profitability, said Jones, who keeps a Neutral rating and $150 target on Wayfair shares.
BBBY Bed Bath & Beyond
$9.35

-0.56 (-5.65%)

07/11/19
JEFF
07/11/19
NO CHANGE
Target $13
JEFF
Hold
Bed Bath & Beyond price target lowered to $13 from $17 at Jefferies
Jefferies analyst Jonathan Matuszewski lowered his price target for Bed Bath & Beyond to $13 from $17 saying the company's sales and margins continue to disappoint. The analyst prefers to remain on the sidelines "until evidence of inflecting trends." He keeps a Hold rating on the name following last night's fiscal Q1 results.
07/11/19
LOOP
07/11/19
NO CHANGE
Target $12
LOOP
Hold
Bed Bath & Beyond off to 'rough start' in FY19, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $12 price target on Bed Bath & Beyond, saying the company is starting FY19 with the "worst comparable sales drop in recent memory", while the degradation of its gross margins and SG&A expense deleverage resulted in a "substantial" decline in its earnings. The analyst adds that the management's focus on near-term strategic priorities is "sensible", but given the lack of permanent senior management, he sees Bed Bath & Beyond stock as a "show me" story.
07/11/19
07/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Microsoft (MSFT) initiated with an Outperform at Cowen. 2. Petrobras (PBR) initiated with a Buy at Goldman Sachs. 3. Navidea (NAVB) initiated with a Buy at Maxim. 4. Immunic (IMUX) initiated with a Buy at Chardan. 5. Target (TGT) was initiated with a Conviction Buy at Goldman Sachs, while Walmart (WMT), Home Depot (HD), Lowe's (LOW), and Costco (COST) were initiated with a Buy, and Bed Bath & Beyond (BBBY) was initiated with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/19
BARD
07/11/19
NO CHANGE
Target $13
BARD
Neutral
Bed Bath & Beyond price target lowered to $13 from $18 at Baird
Baird analyst Peter Benedict lowered his price target for Bed Bath & Beyond to $13 from $18 and maintained a Neutral rating following the company's quarterly results. In a research note to investors, Benedict says that while adjusted EPS exceeded expectations, a lower tax rate/share count was required to offset an EBIT shortfall. While management remains focused on stabilizing sales in fiscal 2020, Benedict says he sees "little evidence" of an inflection on the horizon without sacrificing margins.
M Macy's
$22.10

(0.00%)

05/08/19
CLVD
05/08/19
NO CHANGE
CLVD
Neutral
Macy's Q1 owned comps estimate lowered at Cleveland Research
Cleveland Research analyst Rusty Wilson lowered his Q1 owned comp store sales estimate for Macy's to down 0.5% from flat, citing weather headwinds and soft trends during Easter and the company's "Friends & Family" event. He noted that consensus calls for a 0.1% decline in owned comps in Q1. Wilson, who also thinks gross margin will be pressured by elevated markdowns and promotions in Q1, keeps a Neutral rating on Macy's shares.
05/16/19
05/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Neutral from Sell at Goldman Sachs with analyst Alexandra Walvis saying she sees a more balanced risk/reward in the wake of the stock's recent underperformance. 2. SAIC (SAIC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Edward Caso saying he has "growing comfort" with the company's ongoing integration of its Engility acquisition and sees the deal producing a "notable improvement" in free cash flow. 3. Scorpio Tankers (STNG) upgraded to Overweight from Neutral at JPMorgan with analyst Noah Parquette saying he's seen a considerable increase in interest from investors in the IMO 2020 product tanker story in recent weeks. 4. KB Home (KBH) and Taylor Morrison (TMHC) were upgraded to Outperform from Sector Perform at RBC Capital. 5. MYR Group (MYRG) upgraded to Buy from Hold at Stifel with analyst Noelle Dilts saying she sees "compelling dynamics" in the electric transmission and distribution market as utilities move investment toward power delivery in order to address reliability concerns, the need for grid hardening, and aging infrastructure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/19
MSCO
05/16/19
NO CHANGE
Target $20
MSCO
Underweight
Macy's EPS beat masks 'worrying' core retail performance, says Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said the 11c EPS beat reported by Macy's compared to consensus was driven by lower taxes, real estate gains and credit card revenue growth outperformance. However, she estimates that Macy's had a 0% core retail operating margin in Q1 and noted that its trend of shrinking core retail EBIT dollars, which began in 2015, has continued. The company's same-store comparisons were the easiest of the year in Q1 and Macy's laps significantly more difficult comparisons in the second half, said Greenberger, who sees "little room for error." She maintains an Underweight rating on Macy's shares and lowered her price target on the stock to $20 from $22 after lowering her 2022 and 2023 gross margin estimates due to expectations for higher e-commerce delivery expenses.
05/16/19
GSCO
05/16/19
UPGRADE
Target $21
GSCO
Neutral
Macy's upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis upgraded Macy's to Neutral from Sell while lowering her price target for the shares to $21 from $23. Following the company's Q1 results, the analyst sees a more balanced risk/reward in the wake of the stock's recent underperformance. Since her Sell initiation on September 3, 2018, Macy's shares have fallen 41%. While the company continues to face "fading fundamentals" in the medium term as secular challenges weigh, the stock's near term risk/reward is now less skewed to the downside, Walvis tells investors in a research note. Further, she believes Macy's planned quantification of its cost savings program this fall and a potential update on the monetization of Herald Square as potential near-term catalysts for the shares.

TODAY'S FREE FLY STORIES

TLGT

Teligent

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LB

L Brands

$20.35

0.455 (2.29%)

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AFG

American Financial Group

$99.71

0.53 (0.53%)

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JNJ

Johnson & Johnson

$131.55

0.98 (0.75%)

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Nordstrom

$26.51

1.38 (5.49%)

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SPRT

Support.com

$1.72

0.055 (3.31%)

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

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  • 21

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

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  • 21

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LB

L Brands

$20.35

0.455 (2.29%)

16:35
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  • 22

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  • 23

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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:34
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  • 21

    Aug

LB

L Brands

$20.35

0.455 (2.29%)

16:34
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08/21
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16:34
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  • 22

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BGNE

BeiGene

$145.78

0.93 (0.64%)

16:33
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  • 09

    Sep

HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:33
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  • 21

    Aug

TGT

Target

$103.11

17.54 (20.50%)

, LOW

Lowe's

$108.00

9.96 (10.16%)

16:33
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On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

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TGT

Target

$103.11

17.54 (20.50%)

LOW

Lowe's

$108.00

9.96 (10.16%)

GS

Goldman Sachs

$200.69

0.77 (0.39%)

AAPL

Apple

$212.69

2.34 (1.11%)

LEDS

SemiLEDs

$2.90

0.68 (30.63%)

PDD

Pinduoduo

$30.14

4.165 (16.04%)

URBN

Urban Outfitters

$22.38

1.45 (6.93%)

JMIA

Jumia Technologies

$12.25

-2.44 (-16.61%)

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Cree

$49.01

-9.18 (-15.78%)

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LB

L Brands

$20.35

0.455 (2.29%)

16:32
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  • 22

    Aug

  • 23

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WH

Wyndham Hotels & Resorts

$50.66

-0.065 (-0.13%)

16:32
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Initiation
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AMR

Alta Mesa Resources

$0.12

-0.0041 (-3.34%)

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LB

L Brands

$20.35

0.455 (2.29%)

16:31
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Breaking Earnings news story on L Brands »

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  • 22

    Aug

  • 23

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ESTC

Elastic

$84.14

2.2 (2.68%)

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  • 28

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LB

L Brands

$20.35

0.455 (2.29%)

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  • 22

    Aug

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    Sep

WORK

Slack Technologies

$30.81

0.315 (1.03%)

16:30
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16:30
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Options
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SMPL

Simply Good Foods

$27.35

0.55 (2.05%)

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WSG

Wanda Sports

$4.48

0.58 (14.87%)

16:28
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Initiation
Wanda Sports initiated  »

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LPLA

LPL Financial

$73.81

0.86 (1.18%)

16:28
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  • 27

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