Retail Research


Display

Title Tickers Date
TGT: Target - Reading the 4Q Print + FY19 Outlook: Getting Paid (~12.2x) To Take The Risk, Stay Accumulate-Rated with New $78 Price Target TGT 2019-03-01
JWN: Nordstrom - They Will Hit The ’19 Guide . . . But Will Do So In A Low Quality Way, Post 4Q Thoughts JWN 2019-02-28
FND: Floor & Decor Holdings - 4 Key Takes Post Sell Side Meeting at NYSE With Senior Management; Great Story . . . Staying Disciplined For Time Being FND 2019-02-28
JCP: J.C. Penney - We Think The Bears Lose on This One in ‘19 . . . Raising Estimates & PT to $1.75, Remain Hold-Rated Preferring Kohl’s in the Space JCP 2019-02-28
LOW: Lowe's - To Play Devil's Advocate; Post 4Q Notes, Raising Price Target to $108 As Turnaround Strategy Firms LOW 2019-02-27
HD: Home Depot - Oh Shift! Clarifying the 53rd Week Impact on HD’s 2019 Sales (Not Comp) Growth Cadence = 1Q (+), 2Q (-), 3Q (+), 4Q (-) HD 2019-02-26
HD: Home Depot - Keep Yourself Alive, Post 4Q Thoughts, Staying Buy-Rated with $215 Price Target HD 2019-02-26
M: Macy's - Likely To Go Lower . . . Before It Goes Higher; Lowering EPS, Post Management Callback Notes M 2019-02-26
W: Wayfair - Narrative Changing . . . But Staying Disciplined Given YTD Move, Post 4Q Takes; Raising PT to $140 W 2019-02-22
SFM: Sprouts Farmers Markets - Market More Forgiving Than We Would Be . . . Lowering Estimates & Price Target to $23 Post Guide Down SFM 2019-02-21
FND: Floor & Decor Holdings - Relief Rally as Gross Profit Margin Concerns Alleviated . . . Post 4Q Takes; Stay Hold-Rated . . . But Tweaking PT to $35 FND 2019-02-21
KSS: Kohl's - Reading The 4Q Print + FY19 Set-Up = Good Story with a Good Set-Up . . . Once We Get Past M/JCP/JWN Prints Next Week KSS 2019-02-20
JCP: J.C. Penney - Reading The 4Q18 Print + FY19 Setup = Inflection in Narrative as Focus Tilts to GPM/EBITDA > SSS in ’19; Raising PT to $1.50 JCP 2019-02-20
JWN: Nordstrom - Reading the 4Q Print + FY19 Outlook = Expect ’19 Guide to Fall Below the Street + 2022 LT Guidance in Question, Stay Hold-Rated JWN 2019-02-20
M: Macy's - Reading the 4Q Print + FY19 Set-Up = Conservative Guide + Cost Savings Announcement Likely . . . But Not Enough to Re-Engage M 2019-02-20
WMT: Walmart - 4Q Yields Some Answers + Some Questions Too = Staying Sidelined as Margin Outlook Remains Opaque; Management Call Back Notes WMT 2019-02-19
LOW: Lowe's - Reading The 4Q Print + FY19 Set-Up = Expecting Few Surprises vs. AD Guidance . . . Staying Hold-Rated, Prefer HD Housing Backdrop LOW 2019-02-18
HD: Home Depot - Reading The 4Q18 Print + FY19 Setup = Staying Buy-Rated and Boosting Price Target to $215. HD Maintains "Coffee Can" Status HD 2019-02-18
December ’18 Retail Sales Recap - Big Slowdown in Important Month = +1.4% YOY vs. 5.0% 12-Month MA – Furniture, Grocery, Dept Stores, & Digital Show Big Pullbacks 2019-02-14
WMT: Walmart - Reading The 4Q Print + FY19 Set-Up = Expecting Solid 4Q Results + Clarity on Flipkart Situation, Staying Hold-Rated on Valuation WMT 2019-02-12

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