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AOBC

American Outdoor Brands

$5.76

-0.24 (-4.00%)

, RGR

Sturm, Ruger

$40.18

-0.82 (-2.00%)

13:10
09/03/19
09/03
13:10
09/03/19
13:10

Gun maker stocks fall after Walmart announces new gun and ammo sale rules

Walmart (WMT) plans to discontinue sales of short-barrel rifle ammunition, end sales of handgun ammunition and stop selling handguns entirely in Alaska, reported CNBC's Lauren Thomas. Following the report about the retailer's plans to dramatically step back from gun sales following two deadly shootings at its stores, shares of gunmakers are moving lower. In afternoon trading, American Outdoor Brands (AOBC) is down 2%, Sturm, Ruger & Company (RGR) is down 2% and Vista Outdoor (VSTO) is down 5.5%.

AOBC

American Outdoor Brands

$5.76

-0.24 (-4.00%)

RGR

Sturm, Ruger

$40.18

-0.82 (-2.00%)

VSTO

Vista Outdoor

$5.30

-0.29 (-5.19%)

WMT

Walmart

$114.64

0.41 (0.36%)

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    Sep

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    Sep

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    Sep

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  • 14

    Nov

AOBC American Outdoor Brands
$5.76

-0.24 (-4.00%)

06/20/19
LSCM
06/20/19
NO CHANGE
Target $17
LSCM
Buy
American Outdoor Brands transitioned with Buy, $17 target at Lake Street
Lake Street transitioned coverage of American Outdoor Brands to analyst Mark Smith who kept a Buy rating on the shares with a $17 price target. The company reported Q4 well ahead of estimates but guidance for Q1 was lower than expected as management projects growth will be largely back- end loaded this fiscal year, Smith tells investors in a research note. Heavy promotions boosted results late in the quarter, but this likely moved forward some sales out of Q1, contends the analyst. However, he thinks American Outdoor's long-term story is intact.
03/13/19
03/13/19
DOWNGRADE
Target $11

Neutral
American Outdoor Brands downgraded to Neutral at Wedbush
As previously reported, Wedbush analyst James Hardiman downgraded American Outdoor Brands to Neutral from Outperform given unfavorable near-term catalysts. Following significantly better-than-expected results so far this year, the analyst believes the selloff in the shares has been overdone especially given the opportunity for the company to manufacture growth in FY20 independent of a major rebound in demand. However, Hardiman believes the near-term outlook, which includes the toughest comps of the Trump era and a hazardous FY20 guide, is more likely to further spook investors than to bring them onboard. He also lowered his price target on the shares to $11 from $13.50.
08/30/19
CHLM
08/30/19
NO CHANGE
Target $10
CHLM
Hold
Craig-Hallum cuts American Outdoor target to $10, calls shares 'extremely cheap'
Craig-Hallum analyst Steve Dyer lowered his price target for American Outdoor Brands to $10 from $13 and keeps a Hold rating on the name. The analyst, however, thinks the shares are "extremely cheap" and believes any incremental improvements in firearm demand could present upside to Q2 guidance. Nonetheless, his Hold rating reflects limited visibility, the "challenging" firearm environment, and his belief the company's profitability is pressured from elevated costs. Dyer awaits stabilization in firearm sales before getting more constructive on American Outdoor Brands.
08/30/19
LSCM
08/30/19
NO CHANGE
Target $14
LSCM
Buy
American Outdoor Brands price target lowered to $14 from $17 at Lake Street
Lake Street analyst Mark Smith lowered his price target for American Outdoor Brands to $14 from $17 after the company's Q1 results missed his estimates and consensus on the top and bottom lines. Management also gave a mixed message with Q2 guidance that was well below expectations while maintaining full-year revenue guidance and only bringing full-year earnings guidance down 6c due to tariffs, Smith tells investors in a research note. The analyst, however, thinks the shares are inexpensive and keeps a Buy rating on the name.
RGR Sturm, Ruger
$40.18

-0.82 (-2.00%)

10/03/18
WEDB
10/03/18
NO CHANGE
Target $16.5
WEDB
Outperform
Gun background checks decline worse than expected at Wedbush
Wedbush analyst James Hardiman noted that National Instant Criminal Background Check System, or NICS, data released on Wednesday morning showed that checks were down 10% in the month of September. While there is no consensus for NICS checks, the 10% drop was worse than the 5% decline in August and worse than his estimate of a low-to-mid single-digit decline, Hardiman tells investors. While he continues to expect declines in background checks in the short-term, inventories and the promotional environment are much healthier than this time last year, added Hardiman, who keeps an Outperform rating on American Outdoor Brands (AOBC). Sturm, Ruger (RGR) is another publicly traded gunmaker whose shares may react to the NICS data.
VSTO Vista Outdoor
$5.30

-0.29 (-5.19%)

07/09/19
LSCM
07/09/19
INITIATION
Target $11
LSCM
Buy
Vista Outdoor initiated with a Buy at Lake Street
Lake Street analyst Mark Smith started Vista Outdoor with a Buy rating and $11 price target. The company is poised to improve results and see better industry trends over the next two years, Smith tells investors in a research note. The analyst believes the ammunition industry has stabilized and could see "significant" growth entering an election year. Further, Vista Outdoor's improved stable of brands in the Outdoor Products segment are primed for sales growth and margin expansion, contends Smith.
07/09/19
07/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Chewy (CHWY) was initiated with an Outperform at William Blair and Wells Fargo, an Overweight at JPMorgan, a Buy at BofA/Merrill and UBS, an Equal Weight at Morgan Stanley and Barclays, a Market Perform at Raymond James, a Sector Perform at RBC Capital, a Hold at Jefferies, and a Neutral at Nomura Instinet. 2. Intellia Therapeutics (NTLA) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Perform at Oppenheimer. 4. AAR Corp. (AIR) initiated with a Buy at Stifel. 5. Vista Outdoor (VSTO) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/19
MONN
05/10/19
UPGRADE
MONN
Buy
Vista Outdoor upgraded to Buy from Neutral at Monness Crespi
08/21/19
LSCM
08/21/19
NO CHANGE
Target $9
LSCM
Buy
Vista Outdoor would be attractive candidate for takeover, says Lake Street
Lake Street analyst Mark Smith said the selloff in Vista Outdoor shares since the announcement of the sale of the Savage firearms business in early July has been overdone. He said a large part of the Q1 earnings miss and lower guidance was due to the divested firearms business, but this should not have come as a surprise since management had previously given a warning regarding the divestiture and its impact. His analysis of 33 M&A transactions over the last eight years for businesses similar to Vista leads him to conclude that the company would be an attractive takeover candidate, noted Smith, who keeps a Buy rating and $9 price target on the stock.
WMT Walmart
$114.64

0.41 (0.36%)

09/03/19
MSCO
09/03/19
NO CHANGE
Target $115
MSCO
Overweight
Walmart health clinic plans a 'logical next step,' says Morgan Stanley
Morgan Stanley analyst Simeon Gutman noted that CNBC reported late last week that Walmart is opening a health clinic in Georgia later this month, marking its fourth such clinic. He thinks it makes sense for Walmart, which he notes is the third-largest U.S. pharmacy provider, to play a bigger role in healthcare and sees this is a logical next step given what he views as synergies between retail and healthcare. Sam Walton talked about lowering healthcare costs for consumers as long as 30 years ago, noted Gutman, who thinks standalone health clinics can have positive implications for Walmart's retail business but greater potential consequences for better access to healthcare and lower costs for consumers. He maintains an Overweight rating on Walmart shares.
08/16/19
BMOC
08/16/19
NO CHANGE
Target $125
BMOC
Outperform
Walmart price target raised to $125 from $115 at BMO Capital
BMO Capital analyst Kelly Bania raised her price target on Walmart to $125 and kept her Outperform rating, after its "strong" Q2 results, saying the company continues to take market share in the grocery store space while making the right investments in e-commerce to sustain earnings growth in the future. The analyst notes that despite the weather headwinds in seasonal categories, Walmart's EBIT remained on "solid trajectory" and its e-commerce margins expanded for the second consecutive quarter. Bania further cites Walmart "planting the seeds" for future growth with grocery delivery and innovations in healthcare.
08/15/19
GDHS
08/15/19
UPGRADE
Target $125
GDHS
Buy
Gordon Haskett upgrades Walmart, calls stock 'a must own' in current environment
Gordon Haskett analyst Chuck Grom said that Walmart is "perceived to be a good port when the waters get choppy," but given the inflection in EBIT and EPS growth from compression to acceleration, he now views the stock as "a must own name." Given his increased conviction following the company's second quarter results, Grom upgraded Walmart to Buy from Accumulate and raised his price target on the stock to $125 from $115. He sees Walmart's acceleration in U.S. same-store sales growth as likely an outlier, rather than the norm in retail, and thinks some of its gross margin shortfall in the quarter was transitory and "self-inflected" due to a greater degree of price actions, Grom noted.
08/15/19
GDHS
08/15/19
UPGRADE
GDHS
Buy
Walmart upgraded to Buy from Accumulate at Gordon Haskett

TODAY'S FREE FLY STORIES

FIT

Fitbit

$3.69

0.025 (0.68%)

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FIT

Fitbit

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W

Wayfair

$122.80

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DELL

Dell Technologies

$52.26

-0.8 (-1.51%)

13:53
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FTR

Frontier Communications

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SPY

SPDR S&P 500 ETF Trust

$298.09

-1.586381 (-0.53%)

, SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$298.09

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SPX

S&P 500

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Dow Jones Industrial Average

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NDX

Nasdaq 100 Index

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RACE

Ferrari

$151.80

-1.95 (-1.27%)

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MGM

MGM Resorts

$29.05

-0.01 (-0.03%)

13:25
09/20/19
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Options
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SPY

SPDR S&P 500 ETF Trust

$300.00

0.323619 (0.11%)

, SPX

S&P 500

$0.00

(0.00%)

13:22
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SPY

SPDR S&P 500 ETF Trust

$300.00

0.323619 (0.11%)

SPX

S&P 500

$0.00

(0.00%)

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WMT

Walmart

$117.62

0.58 (0.50%)

, MO

Altria Group

$41.19

1.08 (2.69%)

13:21
09/20/19
09/20
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Periodicals
Walmart to stop sale of e-cigarettes in stores, Yahoo Finance reports »

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Walmart

$117.62

0.58 (0.50%)

MO

Altria Group

$41.19

1.08 (2.69%)

BTI

British American Tobacco

$36.57

0.07 (0.19%)

IMBBY

Imperial Brands

$0.00

(0.00%)

PM

Philip Morris

$72.77

1.07 (1.49%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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MGM

MGM Resorts

$29.04

-0.02 (-0.07%)

13:21
09/20/19
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Periodicals
Breaking Periodicals news story on MGM Resorts »

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BTI

British American Tobacco

$36.57

0.07 (0.19%)

, MO

Altria Group

$41.24

1.13 (2.82%)

13:19
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09/20
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BTI says product, to its knowledge, not involved in vaping deaths »

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PM

Philip Morris

$72.78

1.08 (1.51%)

IMBBY

Imperial Brands

$0.00

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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FLR

Fluor

$20.74

-0.17 (-0.81%)

13:15
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Periodicals
Fluor seen announcing cost cuts, possible dividend cut, blog report says »

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  • 24

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WMT

Walmart

$117.59

0.55 (0.47%)

, BTI

British American Tobacco

$36.62

0.12 (0.33%)

13:13
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Periodicals
Walmart to stop sale of e-cigarettes in stores, Reuters says »

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WMT

Walmart

$117.59

0.55 (0.47%)

BTI

British American Tobacco

$36.62

0.12 (0.33%)

MO

Altria Group

$41.20

1.09 (2.72%)

PM

Philip Morris

$72.77

1.07 (1.49%)

IMBBY

Imperial Brands

$0.00

(0.00%)

03/08/13
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F

Ford

$9.29

0.185 (2.03%)

, GM

General Motors

$37.72

-0.06 (-0.16%)

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F

Ford

$9.29

0.185 (2.03%)

GM

General Motors

$37.72

-0.06 (-0.16%)

HMC

Honda

$26.80

0.15 (0.56%)

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Nissan

$0.00

(0.00%)

TM

Toyota

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0.44 (0.32%)

TSLA

Tesla

$242.52

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DDAIF

Daimler AG

$0.00

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FCAU

Fiat Chrysler

$13.59

-0.04 (-0.29%)

VWAGY

Volkswagen

$0.00

(0.00%)

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13:03
09/20/19
09/20
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13:03
General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 9/20 Baker-Hughes…

BHGE

Baker Hughes

$23.08

-0.13 (-0.56%)

13:02
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VSTM

Verastem

$1.31

0.01 (0.77%)

13:01
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  • 02

    Oct

NFLX

Netflix

$268.50

-18.08 (-6.31%)

, AMZN

Amazon.com

$1,800.89

-21.32 (-1.17%)

12:54
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12:54
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NFLX

Netflix

$268.50

-18.08 (-6.31%)

AMZN

Amazon.com

$1,800.89

-21.32 (-1.17%)

AAPL

Apple

$220.41

-0.5 (-0.23%)

DIS

Disney

$132.31

-1.01 (-0.76%)

CMCSA

Comcast

$46.70

0.02 (0.04%)

03/08/13
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  • 23

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YCBD

cbdMD

$4.99

0.27 (5.72%)

12:50
09/20/19
09/20
12:50
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12:50
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Breaking Hot Stocks news story on cbdMD 

cbdMD trading resumes

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LL

Lumber Liquidators

$9.30

0.41 (4.61%)

12:47
09/20/19
09/20
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12:47
Hot Stocks
Whitney Tilson 'bullish as ever' on Lumber Liquidators, sees potential double »

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