Today’s Research Reports on Stocks to Watch: Nutrisystem and Sears
NEW YORK, NY / ACCESSWIRE / October 16, 2018 / It was a bankruptcy for Sears and an analyst downgrade for Nutrisystem that sent shares of both companies into the red on Monday.
RDI Initiates Coverage on:
Nutrisystem, Inc.
https://rdinvesting.com/news/?ticker=NTRI
Sears Holdings Corporation
https://rdinvesting.com/news/?ticker=SHLD
Nutrisystem, Inc. shares closed down 10.80% on Monday with about 4.7 million shares traded. It was bearish comments from analysts at D.A Davidson that sent shares of the nutritional specialist company down. The firm downgraded the stock from "neutral" to "underperform." According to D.A. Davidson, Nutrisystem will have a hard time generating enough growth to achieve its guidance targets for the full year. Analyst Linda Bolton Weiser has also cut her price target from $40 to $28. "We are concerned by the deteriorating Google search trends for South Beach and are lowering our 2018E sales for the brand by $2M to $70M,” the analyst wrote in a note. "NTRI’s post-June new TV ads have a more contemporary look and are less cluttered, but they still feature Marie Osmond and emphasize vanity rather than wellness, for example, the 60-second spot that aired in August for the back-to-school sale featured a blond in a red dress standing next to a sports car,” Bolton Weiser also said.
Access RDI’s Nutrisystem, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NTRI
Sears Holdings Corporation shares were down nearly 24% yesterday but jumped back about 6% in after-hours trading. Shares hit a new low of 28 cents after the struggling retailer announced that it has filed for Chapter 11 Bankruptcy protection after being in business for 125 years. The company's CEO Eddie Lampert has also stepped down, effective immediately. He will remain on board as chairman. Lampert has a controlling ownership stake in the company at 31% while his hedge fund ESL investments own around 19%. As part of the bankruptcy, Sears will be closing 142 stores toward the end of the year and liquidation sales are expected to begin soon. Lampert's ESL is also negotiating a $300 million debtor-in-possession loan to support the company through its bankruptcy. Sears has also secured a $300 million loan from investment banks. "ESL invested time and money in Sears because we believe the company has a future," ESL and Lampert stated.
Access RDI’s Sears Holdings Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SHLD
Our Actionable Research on Nutrisystem, Inc. (NASDAQ: NTRI) and Sears Holdings Corporation (NASDAQ: SHLD) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
