| Friday | ||||
Odeon Capital initiated… Odeon Capital initiated coverage of Children's Place with a Buy rating and $87 price target. | ||||
| Over a week ago | ||||
Latest data shows the… Latest data shows the largest indicative borrow rate increases among liquid option names include: AMC Entertainment (AMC) 29.14% +2.74, Tanger Factory (SKT) 65.36% +1.92, Childrens Place (PLCE) 2.37% +1.24, FuelCell (FCEL) 38.63% +0.47, Novavax (NVAX) 65.92% +0.18, ProShares Ultra DJ UBS Crude Oil (UCO) 2.54% +0.18, Tailored Brands (TLRD) 6.79% +0.18, Cronos Group (CRON) 9.51% +0.17, Verastem (VSTM) 44.69% +0.17, and Virgin Galactic (SPCE) 3.37% +0.16. | ||||
| Over a month ago | ||||
Welcome to "Fly Insider,"… | ||||
Bullish option flow… Bullish option flow detected in Childrens Place with 1,040 calls trading, 3x expected, and implied vol increasing almost 2 points to 45.58%. 1/3 weekly 62 calls and Jan-20 60 calls are the most active options, with total volume in those strikes near 300 contracts. The Put/Call Ratio is 0.33. Earnings are expected on March 4th. | ||||
Latest data shows the… Latest data shows the largest indicative borrow rate increases among liquid option names include: iShares Nasdaq Biotechnology Index Fund (IBB) 2.36% +0.95, Direxion Oil & Gas 3x Bull ETF (GUSH) 4.51% +0.59, Childrens Place (PLCE) 5.57% +0.36, Health Insurance Innovations (HIIQ) 17.18% +0.17, GoPro (GPRO) 0.97% +0.13, Virgin Galactic (SPCE) 4.16% +0.12, Sarepta (SRPT) 0.35% +0.09, Macerich (MAC) 0.35% +0.07, Johnson Controls (JCI) 2.24% +0.06, and Sorrento Therapeutics (SRNE) 44.23% +0.06. | ||||
Latest data shows the… Latest data shows the largest indicative borrow rate increases among liquid option names include: AMC Entertainment (AMC) 12.38% +0.97, ProShares UltraShort DJ UBS Crude Oil (SCO) 6.69% +0.74, Childrens Place (PLCE) 1.65% +0.63, Chewy (CHWY) 1.25% +0.50, Tilray (TLRY) 64.38% +0.34, Ballard Power (BLDP) 33.10% +0.27, Direxion Junior Gold (JDST) 11.89% +0.24, GTT Communications (GTT) 32.87% +0.17, Zillow (Z) 0.55% +0.15, and ProShares Short VIX Short Term Futures (SVXY) 4.09% +0.14. | |
Catch up on today's… Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Accumulate from Buy at Gordon Haskett with analyst Chuck Grom saying he left Home Depot's analyst meeting yesterday with "mixed emotions." 2. 3M (MMM) downgraded to Sell from Neutral at UBS analyst Markus Mittermaier citing his caution heading into 2020 related to volume, pricing, and the potential polyfluoroalkyl substance contamination liability. 3. Children's Place (PLCE) downgraded to Neutral from Outperform at Wedbush and to Underperform from Neutral at BofA/Merrill. 4. Bright Scholar (BEDU) downgraded to Neutral from Buy at Goldman Sachs with analyst Christine Cho saying she sees higher cost pressure from recent acquisitions after the company reported "another earnings miss" in fiscal Q4. 5. West Pharmaceutical (WST) downgraded to Underperform from Neutral at BofA/Merrill with analyst Juan Avendano citing a difficult prior year comps weighing on the company's 2020 prospects, along with its "near all-time high valuation" limiting its multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
Wedbush analyst Jen… Wedbush analyst Jen Redding downgraded Children's Place to Neutral from Outperform with a price target of $60, down from $130. In a research note to investors, Redding says that while she sees Children's Place as a "strong" value story, she has less visibility into the company's margin turnaround given that the mix between e-commerce and brick & mortar stores has turned out to be a more material drag on gross margin than we originally anticipated. Although stable merchandise margins demonstrated in Q3 ndicate that the promotional atmosphere is heightened but controlled, Redding says she now sees the structural factors driving e-commerce to a higher percentage of sales as enough to depress gross margin and keep shares grounded in the near-term. | |
Deutsche Bank analyst… Deutsche Bank analyst Tiffany Kanaga lowered her price target for Children's Place to $75 from $103 but maintains a Buy rating on the shares after the company reported a "very disappointing print." | |
DA Davidson analyst John… DA Davidson analyst John Morris lowered his price target on Children's Place to $80 after its Q3 results and a cut in its FY19 guidance amid "heavy promotional pressure", which the management believes to be contained to Q4. The analyst still keeps his Buy rating and believes that the headwinds will turn into tailwinds in 2020 amid anniversarying of industry consolidation and as the fulfillment/personalization investments begin to wane. Morris further anticipates revenue contribution starting in the Spring from the re-launch of Gymboree. |