26.69 +0.06 (0.23%)
After hours: 4:12PM EDT
|Bid||26.60 x 1200|
|Ask||26.63 x 900|
|Day's Range||26.26 - 27.44|
|52 Week Range||16.05 - 52.44|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||60.39|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of personalized fashion company Stitch Fix Inc (NASDAQ: SFIX ) have lost more than 15% since the start of July which Stifel says creates a buying scenario. The Analyst Stifel's Scott Devitt upgraded ...
Shares of the digital boutique Stitch Fix rose Monday morning as an analyst upgraded a stock that has swung substantially this summer. (SFIX) stock (ticker: SFIX) was up 2.3% to $27.51 as Stifel analyst Scott Devitt on Sunday boosted his rating on the shares to Buy from Hold. “We are confident in management’s ability to drive healthy average revenue per user growth in the intermediate term” by improving personalization and acquiring customers who are likely to spend more, Devitt wrote.
Shares of curated clothing subscription company Stitch Fix rise after receiving an upgrade from analysts at Stifel Nicolaus to buy from hold, as well as a bump in the company's one-year price target.
When looking for new winning stocks, investors will often turn to the analysts. However, analysts often just maintain the same ratings so it’s hard to find fresh investing ideas. That’s why it’s a big deal if a company gets an upgrade from a trusted analyst, and when this happens investors should take notice. For example, HealthEquity, Inc. (HQY) share prices surged by 9% after Merrill Lynch analyst, Allen Lutz, upgraded the stock on July 19.Here are 10 stocks that got upgraded recently by the top Wall Street analysts. Stitch Fix, Inc. (SFIX)On July 21, five-star analyst, Scott Devitt, upgraded the online personal styling service from a Hold to a Buy and set a $35 price target. The Stifel Nicolaus analyst said, “Despite the slowdown in active client growth, we are confident in management’s ability to drive healthy ARPU growth in the intermediate term by continuing to improve keep rates through stronger personalization (Style Shuffle), high-quality client adds, and healthy retention.” He has a 71% success rate and on average gets a 23% return per rating. SFIX has a ‘Moderate Buy’ analyst consensus, with 4 Buy ratings vs 3 holds over the last three months. It has an average price target of $37, suggesting analysts believe share prices could jump by 38%. Applied Materials, Inc. (AMAT) AMAT got a vote of confidence yesterday from Goldman Sachs analyst, Toshiya Hari. Hari upgraded the semiconductor company to a Buy and raised the price target from $48 to $56. Its price target suggests upside potential of 17%. “We see AMAT benefiting from improved outlook due to leading WFE share position as well as favorable benefits from exposure to memory along with AMAT's increased willingness to deploy capital.” The stock boasts a ‘Strong Buy’ analyst consensus and $51 average price target, indicating 7% upside potential. Weight Watchers International, Inc. (WW)Top D.A. Davidson analyst, Linda Bolton Weiser, upgraded the weight loss program on July 19 to a Buy. She raised the price target from $25 to $32, suggesting 29% upside potential. “WW has already reported improved recruitment trends, chatter on app download data indicates stabilization of subscriber trends, and our proprietary analysis of Reddit comments indicates keto interest could be fading. Our data also show improved sentiment toward the meeting experience in 2Q19 vs. 1Q19. We believe 2019 earnings risk is low,” she said. However, the Street is cautious about WW. It has a ‘Hold’ analyst consensus and $26 average price target, suggesting 3% upside potential. Skechers USA, Inc. (SKX) On July 19, the shoemaker got an upgrade from Wedbush analyst, Christopher Svezia. He gave the stock a Buy rating and raised the price target from $31 to $46. He believes share prices could jump by as much as 18%. The analyst points to the company’s ability to manage expenses well in the past three quarters, and its focus on profitability as opposed to sales as the reason for the upgrade.SKX has a ‘Moderate Buy’ analyst consensus and a $43 average price target, suggesting 10% upside. PriceSmart, Inc. (PSMT)PriceSmart operates membership warehouse clubs in Central America and the Caribbean. Top Kansas City Capital analyst, Jonathan Braatz, upgraded PSMT to a Buy and set a $70 price target, demonstrating his belief that shares could rise by 13%. “The numbers have been getting stronger as the year has progressed. In June, PSMT reported that comparable-store sales rose 1.9% and, adjusted for currency, 4.7%. Still for the full year, we estimate this currency drag will be around $100 million,” he said. Braatz has an 83% success rate and a 17% average return per rating. The Street is cautiously optimistic on PSMT. It has a ‘Moderate Buy’ analyst consensus and $76 average price target, suggesting 23% upside. KBR, Inc. (KBR)The engineering company and former subsidiary of Haliburton was upgraded by Cowen & Co. analyst, Gautam Khanna, on July 19. The five-star analyst raised his price target from $23 to $31. Khanna has a 74% success rate and 14% average return per rating.KBR has a ‘Moderate Buy’ analyst consensus and $28 average price target, indicating 8% upside. American International Group, Inc. (AIG)On July 18, William Blair analyst, Adam Klauber, upgraded the insurance giant to a Buy as he believes it has long-term earning potential. “While it is still on the early side, we expect to see signs of a turnaround that should manifest over the next several years. The current management team appears to have laid the groundwork for a long-term rebound with significant mix repositioning, a shift in underwriting strategy, and de-risking of the investment portfolio,” he said. AIG boasts a ‘Strong Buy’ analyst consensus and $58 price target, suggesting 4% upside potential. Upwork Inc. (UPWK) Upwork is a global freelancing platform that facilitates collaboration between businesses and independent professionals. On June 26, Brent Thill of Jefferies upgraded his rating from a Hold to a Buy and set a $23 price target. “With the stock down 17% YTD and valuation at a 37% discount to peers, risk/reward has improved,” he said. The analyst has a 75% success rate and gets a 20% average return per rating," he said. UPWK has a ‘Moderate Buy’ analyst consensus and $22 average price target, suggesting 31% upside. Deckers Outdoor Corporation (DECK)DECK got a nod of approval from Merrill Lynch. Five-star analyst, Rafe Jadrosich, upgraded the footwear designer to a Buy and raised the price target from $150 to $180, suggesting 3% upside. “We like HOKA growth and buybacks which ought to generate a continuation in EPS upside,” Jadrosich said. The analyst boasts an impressive 83% success rate and a 32% average return per rating. The consensus among analysts is that DECK is a ‘Moderate Buy’. It has an average price target of $171. Analog Devices, Inc. (ADI)ADI is a semiconductor company specializing in data conversion, signal processing and power management technology. On June 10, Toshiya Hari also ugraded ADI from a Sell to a Buy and raised the price target from $101 to $114. “ADI, in our view, has exposure to multiple idiosyncratic revenue drivers. Specifically, we believe ADI's disproportionate exposure to the Comms Infrastructure end-market coupled with content gain opportunities in Automotive will drive growth that exceeds peers in the analog semiconductor space,” he said. ADI has a ‘Moderate Buy’ analyst consensus and $116 average price target.
Donald Trump makes a lot of questionable comments, but the president is right about one thing: Everybody thinks they’re a great investor in a market hitting new highs. Take Ken Broad and his team at the Jackson Square SMID-Cap Growth Fund (JSMVX) for example. This is especially helpful when investing early on in growth stories, a key tactic, because you want to allow time for their businesses to develop.
The Boeing Co. is looking at south metro Atlanta for a warehouse and distribution center that could approach 1 million square feet — the latest mega project for the region’s booming logistics sector. The aerospace giant (NYSE: BA) is working with third-party logistics provider XPO Logistics Inc. (NYSE: XPO), which has been touring south metro industrial properties this year and may be focused on Clayton and Henry counties. Industrial real estate developers with projects along the Interstate 75 corridor south of Atlanta have competed for the Boeing facility, which could range from 800,000 square feet initially to eventually more than 1 million square feet. Developers have seen a request for proposals for the project, according to real estate sources familiar with the process.
Zacks.com featured highlights include: Ross Stores, Shoe Carnival, Stitch Fix, Amedisys and NVR
CEO of Stitch Fix Inc (30-Year Financial, Insider Trades) Katrina Lake (insider trades) sold 100,000 shares of SFIX on 07/17/2019 at an average price of $28.26 a share. Continue reading...
Robust momentum in Aaron's (AAN) business segments is likely to generate solid results in the second quarter. However, increased write-offs and ongoing business investments may pose threats.
Stocks are hitting record highs right now. All three major indexes surged this week following Fed Chair Jerome Powell’s strong rate cut signals. The S&P 500 closed on Friday above 3,000 for the first time, while the Dow Jones Industrial Average also enjoyed its first close above 27,000 on Thursday. Meanwhile the Nasdaq Composite ended the week up 1% at 8,244. But even at these elevated levels, it’s still possible to find stocks with significant upside potential for the months ahead. Goldman Sachs analyst Heath Terry has a top-notch reputation when it comes to stock picking. As we can see from TipRanks, the five-star analyst is ranked 130 out of over 5,242 tracked analysts.And according to Terry, there are still stocks primed to outperform. Indeed, the following three stocks all have over 20% upside potential ahead. That’s based on the stock’s current share price vs the analyst's price target. Let’s take a closer look at what’s driving this bullish sentiment now: Stitch Fix Inc (SFIX)Normally analysts reiterate stock ratings- so when a stock is upgraded or downgraded, it’s worth taking note. On July 12 Terry upgraded online personal styling service SFIX from Hold to Buy. His $38 price target indicates upside potential of 37%. Shares soared 5% following Terry’s recommendation. "At StitchFix, we believe product innovation, operational efficiencies, and geographic expansion, combined with the increase in retail store closures (particularly in apparel) represent significant opportunities for further outperformance," stated the analyst. The company’s unique model involves delivering hand-selected clothing and accessories to customers for a deductible $20 styling fee. Terry believes the stock shows "compelling upside potential" especially as it expands into several key markets. These include plus-size, kids' and men's clothing- as well as making its UK debut in May this year. The Street has a cautiously optimistic Moderate Buy SFIX consensus. However, the $37 average analyst price target still suggests 34% upside potential lies ahead. This is based on all the ratings received by a stock over the last three months. View SFIX Price Target & Analyst Ratings Detail Netflix Inc (NFLX)Streaming giant Netflix is another top stock on Terry’s buy list. With a $460 price target, the analyst is forecasting 23% upside potential for shares. What’s more, Netflix also features on Goldman Sachs’ prized Conviction Buy List. The list comprises of stocks the firm expects to outperform based on either the size of the potential return or the likelihood of the return. "We continue to believe Netflix’s investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally," Terry told investors earlier this year when he added the stock to the firm's Conviction list. He added that Netflix "represents one of the best risk/reward propositions in the Internet sector” with the market significantly underestimating Netflix’s increasingly ‘robust’ original content. More recently, the analyst met up with with Netflix CFO Spencer Neumann, who sees further opportunities for subscriber growth both geographically and in terms of content investment. Plus the CFO reaffirmed to Terry that Netflix expects to start reducing its annual cash burn in 2020.Overall, we can see that the Street has a bullish Strong Buy consensus on Netflix stock. The $419 price target indicates 12% upside potential from current levels. View NFLX Price Target & Analyst Ratings Detail Uber Technologies Inc (UBER)Last but not least we have ride-hailing service Uber Technologies. Despite a disastrous market launch back in May, Uber is nonetheless a top stock pick for Goldman Sachs. Indeed, Terry initiated coverage of Uber with a buy rating and $56 price target. Given that Uber shares have only climbed 6%, the price target still indicates compelling upside potential of 27%.The analyst offered these words of wisdom to investors: “Uber is the category leader creating what has become a disruptive and challenging market over the course of the last eight years. While we see mobility as a massive opportunity, the path to reaching it is far from a straight line.”As Terry notes, there are already very large companies across the various markets and services. “We see long-term leadership in the space as far from settled and believe the risks in ownership across the space, as both the services and the competitors with in them mature, are significant” he cautions. But the bottom line is firmly optimistic: “the risk/reward in owning the leader in this space remains favorable and [we] initiate coverage of Uber with a Buy rating” the analyst concludes. Taking a step back we can see that Uber shows a Moderate Buy consensus from the Street. Its $54 average analyst price target works out at 22% upside potential. View UBER Price Target & Analyst Ratings DetailDiscover Wall Street's latest top Trending Stocks here
Buckle (BKE) is on track with efforts such as enhancing marketing efficiency, store remodeling and technology upgrades. Also, the company reported positive comps and sales number for June.
Stitch Fix Inc. shares are up more than 5% in premarket trading Friday after Goldman Sachs analyst Heath Terry turned bullish on the company, which lets customers sign up to receive boxes of curated fashion items. "At StitchFix, we believe product innovation, operational efficiencies, and geographic expansion, combined with the increase in retail store closures (particularly in apparel) represent significant opportunities for further outperformance," wrote Terry, who upgraded the shares to buy from neutral and kept his $38 price target intact. He sees "compelling upside potential" for Stitch Fix's expansion into plus-size, kids', and men's clothing. Terry is also upbeat about the company's move into the U.K. Stitch Fix shares have gained 3.5% over the past three months, while the S&P 500 has risen 3.2%.
From an investment standpoint, some of the most interesting stocks in the market are heavily shorted stocks.On one hand, if a stock is heavily shorted, it means that a bunch of investors are betting on the stock going down. That means the bear thesis has a lot of believers, and probably a lot of credibility. Sometimes that consensus bear thesis plays out as expected, the heavily shorted stock drops, and shorts cover at a huge profit.On the other hand, if a stock is heavily shorted, it can mean that very few investors believe the stock is going to go up. It also means that a bunch of money needs to buy back into the stock at some point. That combination means the stock has a lot of potential upside firepower. Thus, if the bear thesis falls apart and things start to improve at the company, the heavily shorted stock will surge, assisted by a short squeeze as investors rush to cover their short positions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGoing long a heavily shorted stock is often a high-risk, high-reward scenario. Either the consensus bear thesis is right, and the stock falls. Or, the consensus bear thesis is wrong, and the stock pops. * 10 Stocks to Sell for an Economic Slowdown With that in mind, I've put together a list of seven heavily shorted stocks which, at current levels, have more reward than risk, and have a realistic opportunity for a big short squeeze rally in the foreseeable future. Short Squeeze Stocks to Watch: AMC Entertainment (AMC)% of Float Short: 30%The Bear Thesis: Shares of America's largest movie theater chain operator, AMC Entertainment (NYSE:AMC) have slumped to an all-time low in 2019, dropping nearly 50% over the past year, as weak box office results accelerated fears regarding a movie theater apocalypse. As the stock has dropped, shorts have continued to pile into AMC stock (short interest is at almost 30%, a 52-week-high). As investors are betting that things won't get better, consumers will keep shunning movie theaters, and revenues and profits will keep dropping.Why a Short Squeeze Could Happen: AMC's short interest has been this high only once before. That was in late 2017, followed by a rally in AMC stock from about $10 to almost $20. The drivers of that rally? Improved box office results, and AMC launching a subscription program.Those same drivers could spark a similar short squeeze rally here. Box office results will likely pick up over the next few months, assisted by Lion King, Frozen 2, and a new Star Wars film. Meanwhile, AMC's subscription program, Stubs A-List, has a lot of momentum, and presently counts more than 860,000 members. As box office results improve into the back-half of 2019 and Stubs A-List continues to add subscribers, shorts will rush to cover, and AMC stock should bounce back in a big way. Tesla (TSLA)Source: Shutterstock % of Float Short: 31%The Bear Thesis: Much like shares of AMC, shares of electric vehicle maker Tesla (NASDAQ:TSLA) have slumped to multi-year lows in 2019, down almost 31% over the past year. The culprit? Bad first quarter 2019 numbers. Those numbers spooked investors and implied the company's once-robust growth trajectory is flattening out. Investors are concerned that it will keep flattening out as competition ramps up, and have consequently rushed to short the stock (short interest has climbed from below 20% in early 2019, to above 30% today).Why a Short Squeeze Could Happen: Tesla's second quarter 2019 numbers were much better than its first quarter numbers, and broadly implied that the growth trajectory is not flattening out. Meanwhile, numbers from Inside EVs imply that Tesla's market share is only growing (despite new competitors). The EV market continues to grow at a robust pace and remains on track to grow by at least 10-fold over the next decade.Consequently, the long-term growth narrative for Tesla remains favorable (the leading player in a rapidly growing market). The numbers here will continue to improve in the back-half of 2019, assisted by lower rates, a Model S/X refresh, new Model Y production, and cooling trade tensions. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond As those numbers continue to improve, the long term bull thesis will come back into the spotlight, and shorts will rush to cover, sparking a big rally in TSLA stock. iRobot (IRBT)Roomba_770_ 010% of Float Short: 44%The Bear Thesis: The bear thesis on consumer robotics company iRobot (NASDAQ:IRBT) is centered around the trade war. In short, one of iRobot's most important, biggest, and fastest-growing markets is China. The introduction of U.S.-China tariffs, however, forced iRobot to hike prices on its robotic vacuum cleaners, which has had an adverse impact on both China demand and gross margins. Investors are betting these tariffs will either stick around or get worse. As such, 44% of the float are betting on the stock going down.Why a Short Squeeze Could Happen: The long-term bull thesis supporting iRobot remains favorable. As consumer robotics penetration rates remain relatively low (24% of total vacuum cleaners in 2018), that market is growing very quickly (40% growth in 2018). iRobot is the unchallenged leader in the market (50%-plus market share in 2018), revenue growth is robust (17%-20% expected in 2019), and gross margins are healthy (around 50%). Putting all that together, it is pretty clear that IRBT stock is a long-term winner.With trade tensions between the U.S. and China now cooling, it appears increasingly likely that iRobot will be able to get back on its long-term winning trajectory soon. Once that happens, shorts will rush to cover, and IRBT stock will fly higher. Stitch Fix (SFIX)% of Float Short: 25%The Bear Thesis: The bear thesis on Stitch Fix (NASDAQ:SFIX) is pretty straight-forward: As more competition enters the online personal styling segment, Stitch Fix's growth rates will moderate. This moderation will weigh on SFIX stock's rich valuation and ultimately drag the stock lower. A good portion of investors believe that this will happen, and that's why 25% of the float is short.Why a Short Squeeze Could Happen: The bear thesis on SFIX stock gained traction in late 2018 as growth came screeching to a halt. That slowdown was due to one-time changes and purposefully lower marketing spend. Since then, those one-offs have been phased out, marketing spend has re-accelerated, and Stitch Fix's growth rates have surged higher. * 7 Retail Stocks to Buy for the Second Half of 2019 This higher growth trend will persist for the foreseeable future. Stitch Fix is changing the game in retail to a curated, on-demand model. We've seen these shifts before. They work (think Netflix (NASDAQ:NFLX) or Amazon (NASDAQ:AMZN)). As such, curated, on-demand shopping will gain share and traction over the next several years, Stitch Fix's growth trajectory will remain favorable, shorts will rush to cover, and SFIX stock will rally. Dick's Sporting Goods (DKS)% of Float Short: 30%The Bear Thesis: The bear thesis on Dick's Sporting Goods (NYSE:DKS) is predicated on the idea that Dick's is no longer relevant in the athletic apparel retail model. Specifically, the athletic apparel market is shifting from wholesale retail to direct retail. That means brands like Nike (NYSE:NKE) are taking product out of the wholesale pipeline (out of Dick's) and putting product into their direct channel (like their own stores). Dick's has been adversely impacted by this shift. Many expect this shift to continue. As such, many expect Dick's to continue to struggle, and DKS stock to continue to sputter lower.Why a Short Squeeze Could Happen: There are signs that this shift from wholesale to direct is moderating. After a streak of negative comparable sales growth quarters, Dick's finally reported flat comps last quarter. More than that, comps inflected into positive territory towards the end of the quarter, and started this quarter in positive territory, too. The guide calls for comps to be positive for the full year 2019. As such, Dick's is presently in the process of going from negative comps to positive comps, and that inflection against the backdrop of 30% short interest implies a nice set-up in the back half of 2019 for a short squeeze. GrubHub (GRUB)% of Float Short: 25%The Bear Thesis: Online food ordering and delivery giant GrubHub (NYSE:GRUB) used to be a market favorite, given the company's leadership position in a secular growth market. Then, signs emerged that GrubHub was rapidly losing market share to smaller but more relevant online food ordering and delivery companies like Postmates and UberEats. Revenue growth slowed. Margins got hit. Profit growth fell flat. The stock dropped. Many investors expect these competition-related headwinds to only get worse, and as such, 25% of the float is betting that GRUB stock will keep falling.Why a Short Squeeze Could Happen: The online food ordering and delivery space is big enough to accommodate multiple large players. GrubHub will be one of those large players. It just won't be the only large player. A few years ago, at 50%-plus market share, GrubHub was the only large player. Now, though, GrubHub's market share sits around 30%, and is roughly in-line with DoorDash and UberEats, meaning that GrubHub is now one of many large players. Further, market share erosion has moderated over the past few months. * 10 Best Stocks for 2019: A Volatile First Half As such, it's reasonable to believe that the worst of the GrubHub share erosion is in the rear-view mirror, meaning growth rates should moderate going forward. Such growth moderation will force the huge short base to cover, which could spark a sizable short squeeze in GRUB stock over the next few months. Short Squeeze Stocks to Watch: Abercrombie & Fitch (ANF)Source: Shutterstock % of Float Short: 34%The Bear Thesis: The bear thesis on Abercrombie & Fitch (NYSE:ANF) is aligned with the bear thesis on physical retail. It goes something like this: Malls are dying, as are their major tenants. Abercrombie & Fitch is one of those major tenants. Consequently, as retail demand shifts more to the direct channel and away from malls, Abercrombie's numbers will remain weak. Those persistently weak numbers will create a drag on ANF stock for the foreseeable future.Why a Short Squeeze Could Happen: A short squeeze could happen here because the bear thesis is just wrong. Physical retail isn't dying. Consumers will always have some desire to go to malls, whether it be to try on clothes or simply enjoy the experience of shopping (yes, that's a thing). As such, physical retail is simply shrinking to accommodate higher sales volume in the direct channel.With direct sales growth starting to slow, though, it's reasonable to believe that the worst of physical retail's shrinkage is over. Thus, results across the entire physical retail world should start to improve over the next several quarters. This is a rising tide that will left all boats, ANF included. The result? Abercrombie's numbers will get better over the next few quarters. Shorts will rush to cover. The stock will pop.As of this writing, Luke Lango was long AMC, TSLA, IRBT, SFIX, and NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post 7 Short Squeeze Stocks With Big Upside Potential appeared first on InvestorPlace.
The online personal stylist's repeat customers and new-product developments have turned Goldman's analyst bullish on the stock.
Aaron's (AAN) is benefiting from strength in the Progressive business. Also, it remains on track with the transformation of the Aaron's segment, which bodes well for growth.
In 2017, Katrina Lake took her company public. But first she spent years building her business, wisely leveraging data in the fickle retail and fashion worlds, and developing a sustainable new model in a highly competitive industry.
On Friday, Goldman Sachs upgraded shares of Snap and Stitch Fix from neutral to buy. Analysts at Goldman expect Snap's user growth to improve thanks to a revamped Android app and the launch of Snap Games and new filters. The Final Round panel discusses.