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ROST

Ross Stores

$106.44

3.2 (3.10%)

16:55
08/13/19
08/13
16:55
08/13/19
16:55

Ross Stores appoints Michael Hartshorn COO, Travis Marquette CFO

Ross Stores announced operational leadership changes effective August 16. Michael Hartshorn is being named group president and COO, reporting directly to CEO Barbara Rentler. In his new role, Hartshorn will be adding strategy, marketing, human resources, supply chain, stores and technology to his current responsibilities. Travis Marquette is being promoted to group senior VP and CFO. Marquette will continue to report to Hartshorn and will be responsible for the entire finance organization, adding tax and investor relations to his existing management responsibility for accounting, treasury, financial planning, and strategic sourcing. Hartshorn has served as group executive VP, finance and legal and CFO since March. For seven years prior to joining Ross, he held various financial roles at The May Department Stores Company. Marquette has been group senior VP and deputy CFO since 2018. Marquette held various consulting and management roles over a 12-year period with Bain & Company, Carter's Inc. and PricewaterhouseCoopers.

  • 22

    Aug

ROST Ross Stores
$106.44

3.2 (3.10%)

06/27/19
GSCO
06/27/19
DOWNGRADE
Target $91
GSCO
Sell
Ross Stores downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis downgraded Ross Stores to Sell from Neutral and lowered her price target for the shares to $91 from $102.
06/27/19
GSCO
06/27/19
DOWNGRADE
Target $30
GSCO
Sell
Goldman downgrades Nordstrom to Sell, cuts price target to $30 from $37
Goldman Sachs analyst Alexandra Walvis downgraded Nordstrom (JWN) to Sell from Neutral and lowered her price target for the shares to $30 from $37. The analyst is taking a "conservative stance" on the retail sector. The headwinds in Q2 have proven persistent, says the analyst, who sees risk that a second half of the year inflection in earnings growth may not materialize for many companies. Walvis recommends a selective approach in Apparel and prefers stocks with "clear" second half catalysts or strategic actions to drive momentum. She reiterates Buy ratings on both Under Armour (UAA) and Tapestry (TPR) and downgraded both Nordstrom and Ross Stores (ROST) to Sell. She believes Nordstrom's ongoing "comp headwinds" in full line and off price stores are compounded by its ongoing strategic investments and the opening of the company's flagship in New York City.
06/27/19
GSCO
06/27/19
DOWNGRADE
Target $91
GSCO
Sell
Goldman downgrades Ross Stores to Sell, cuts price target to $91 from $102
Goldman Sachs analyst Alexandra Walvis downgraded Ross Stores (ROST) to Sell from Neutral and lowered her price target for the shares to $91 from $102. The analyst is taking a "conservative stance" on the retail sector. The headwinds in Q2 have proven persistent, says the analyst, who sees risk that a second half of the year inflection in earnings growth may not materialize for many companies. Walvis recommends a selective approach in Apparel and prefers stocks with "clear" second half catalysts or strategic actions to drive momentum. She reiterates Buy ratings on both Under Armour (UAA) and Tapestry (TPR) and downgraded both Nordstrom (JWN) and Ross Stores to Sell. She believes the recent rally in Ross shares is overdone given the risks that recent execution challenges persist. Further, Walvis forecasts limited upside from the company's strategic initiatives.
06/27/19
06/27/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FactSet (FDS) downgraded to Sell from Neutral at Goldman Sachs with analyst George Tong saying he believes FactSet faces "secular challenges" in the financial services end-market due to the implementation of MiFID II and the ongoing shift from active to passive asset management. 2. Travelers (TRV) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the commercial Property & Casualty sector is "largely overvalued" due to an intra-sector exodus from more rate-sensitive financials into P&C insurance stocks. 3. Sempra Energy (SRE) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith citing share outperformance and moderating expectations on expedited CA legislation by the July 12 deadline combined with a potential credit downgrade. 4. W. R. Berkley (WRB) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying investors are mistaking the appreciation in Property and Casualty insurance stocks as the "fruit of renewal rate pricing increases in the P&C market." 5. Ross Stores (ROST) and Nordstrom (JWN) downgraded to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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JEC

Jacobs Engineering

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MSGN

MSG Networks

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-2.07 (-12.28%)

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CERN

Cerner

$71.77

0.44 (0.62%)

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ADMA

ADMA Biologics

$4.05

-0.01 (-0.25%)

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  • 23

    Aug

FLWS

1-800-Flowers.com

$19.36

0.74 (3.97%)

07:48
08/22/19
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Earnings
1-800-Flowers.com sees FY20 EPS up 8%-10% »

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  • 22

    Aug

  • 25

    Sep

FLWS

1-800-Flowers.com

$19.36

0.74 (3.97%)

07:48
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Earnings
1-800-Flowers.com reports Q4 adj. EPS (12c), consensus (14c) »

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  • 22

    Aug

  • 25

    Sep

SQM

SQM

$25.40

-0.86 (-3.27%)

07:45
08/22/19
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07:45
Downgrade
SQM rating change  »

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  • 22

    Aug

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    Sep

SEDG

SolarEdge

$87.87

3.16 (3.73%)

07:44
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07:44
Downgrade
SolarEdge rating change  »

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TIF

Tiffany

$84.51

2.27 (2.76%)

07:43
08/22/19
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  • 28

    Aug

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:42
08/22/19
08/22
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07:42
Hot Stocks
Dick's Sporting reports Q2 eCommerce sales up 21% »

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  • 22

    Aug

FLR

Fluor

$17.35

0.3 (1.76%)

07:41
08/22/19
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07:41
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DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:40
08/22/19
08/22
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07:40
Hot Stocks
Dick's Sporting up 10% after Q2 results beat estimates, FY19 profit view raised »

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  • 22

    Aug

PDD

Pinduoduo

$30.14

4.165 (16.04%)

07:39
08/22/19
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Pinduoduo analyst commentary  »

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DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:38
08/22/19
08/22
07:38
08/22/19
07:38
Earnings
Dick's Sporting says FY19 EPS guidance includes expected tariff impacts »

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  • 22

    Aug

TGT

Target

$103.11

17.54 (20.50%)

07:36
08/22/19
08/22
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07:36
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Target analyst commentary  »

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  • 15

    Sep

  • 19

    Sep

  • 25

    Sep

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:36
08/22/19
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Hot Stocks
Dick's Sporting CEO says 'we are very pleased with our second quarter results' »

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  • 22

    Aug

HMSY

HMS Holdings

$38.69

-0.19 (-0.49%)

07:36
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Downgrade
HMS Holdings rating change  »

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  • 04

    Sep

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:35
08/22/19
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Hot Stocks
Dick's Sporting sees FY19 CapEx approximately $230M on gross basis »

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  • 22

    Aug

CLSD

Clearside Biomedical

$1.27

0.09 (7.66%)

07:35
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08/22
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07:35
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Breaking Hot Stocks news story on Clearside Biomedical »

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  • 19

    Oct

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:34
08/22/19
08/22
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07:34
Hot Stocks
Dick's Sporting says continuing strategic review of hunt business »

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  • 22

    Aug

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:33
08/22/19
08/22
07:33
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07:33
Hot Stocks
Dick's Sporting sees FY19 SSS growth in 'low single-digits' »

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  • 22

    Aug

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:31
08/22/19
08/22
07:31
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07:31
Earnings
Dick's Sporting raises FY19 EPS view to $3.30-$3.45 from $3.20-$3.40 

FY19 consensus $3.31.

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  • 22

    Aug

PSTG

Pure Storage

$13.87

0.2 (1.46%)

07:30
08/22/19
08/22
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Pure Storage analyst commentary  »

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  • 28

    Aug

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  • 12

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  • 16

    Dec

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:30
08/22/19
08/22
07:30
08/22/19
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Earnings
Dick's Sporting reports Q2 EPS $1.26, consensus $1.21 »

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  • 22

    Aug

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