Latest news with #MatthewBoss
Business Insider
6 days ago
- Business
- Business Insider
What Do Analysts Think About Macy's Stock (M) After Earnings?
Macy's (M) stock movement was low on Thursday after analysts updated their coverage of the retail company following its latest earnings report. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Five-star Benchmark Co. analyst Fawne Jiang initiated coverage of M stock with a Buy rating. J.P. Morgan analyst Matthew Boss reiterated a Hold rating and cut his price target to $12 from $13, roughly matching the stock's current price. Telsey Advisory analyst Jason Strominger reiterated a Hold rating and reduced his price target to $14 from $15, suggesting a 16.6% upside. Five-Star Citi analyst Paul Lejuez maintained a Hold rating but increased his price target to $12 from $11. Four-star Morgan Stanley analyst Alexandra Straton reiterated a Hold rating and $12 price target. Barclays analyst Paul Kearney also kept a Hold rating and $12 price target for the shares. TipRanks AI analyst Spark upgraded M stock to Buy with a $13.50 price target, implying a 12.5% upside. Macy's Earnings Recap The largely neutral coverage of M stock makes sense in light of the company's latest earnings report. Its results for Q1 2025 beat estimates, but Macy's cut its Fiscal 2025 guidance. This left investors unsure about its performance, as adjusted earnings per share of $1.80 would miss Wall Street's estimate of $1.92, but revenue of $21.2 billion would surpass analysts' estimate of $21.03 billion. M stock was up 0.17% as of Thursday morning, but remains down 28.02% year-to-date. The shares have also dropped 37.3% over the past 12 months. Is Macy's Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Macy's is Hold, based on one Buy, 10 Hold, and a single Sell rating over the past three months. With that comes an average M stock price target of $11.91, representing a potential 1.04% downside for the shares. These ratings and price targets could change as more analyst updates roll in.
Business Insider
27-05-2025
- Business
- Business Insider
Is Macy's Stock (M) a Buy Ahead of Earnings?
Retailer Macy's (M) is set to release its Fiscal Q1 2025 earnings report later this week. This has some traders wondering if M stock is worth buying before its upcoming earnings report. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Wall Street's estimates for Macy's Q1 report include adjusted earnings per share of 15 cents, representing a 44.4% decrease year-over-year. Analysts' revenue expectations are set at $4.42 billion, down 11.6% from the $5 billion reported in Fiscal Q1 2024. Investors might wonder just how likely Macy's is to beat Wall Street's estimates. Based on the company's earnings history, it should be able to overcome analysts' estimates. The retailer has done so in all of its previous eight earnings reports. What to Watch in Macy's Q1 Earnings Report While Macy's is likely to beat Wall Street's estimates, investors will want to keep an eye on a few important factors. That includes the ongoing effects of a trade war between the U.S. and China. Macy's could feel the effects of tariffs in its Q1 earnings report, which could result in surprising results. On that same note, tariffs could affect Macy's guidance. While many of President Trump's tariffs have been delayed, some are still ongoing. Macy's may update its outlook to reflect this, and the potential impact of tariffs if trade agreements aren't reached before holds end. Three analysts updated their coverage of Macy's stock last week in the lead-up to earnings. J.P. Morgan's Matthew Boss reiterated a Hold rating and $13 price target. Five-star Citi analyst Paul Lejuez maintained a Hold rating and $11 price target. Telsey Advisory analyst Dana Telsey kept a Hold rating and $15 price target. Is Macy's Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Macy's is Hold, based on one Buy, 10 Hold, and one Sell ratings over the past three months. With that comes an average M stock price target of $12, representing a potential 3.72% upside for the shares.
Yahoo
24-05-2025
- Business
- Yahoo
JPMorgan Raises Ralph Lauren (RL) Price Target, Keeps Overweight Rating
On Thursday, May 22, JPMorgan analyst Matthew Boss kept an 'Overweight' rating and raised the price target for Ralph Lauren Corporation (NYSE:RL) to $355 from $342. According to Boss, the company has not seen any slowdown globally through May. Ralph Lauren Corporation (NYSE:RL) has also reported no cancellations from wholesale partners so far. A man and woman in business attire walking down a street, bags of clothing in hand. Despite this, the company's forecast for the second half of fiscal 2026 is conservative. Ralph Lauren Corporation (NYSE:RL) expects revenue growth to moderate by about 10 percentage points. North America is projected to experience a mid-single-digit decline, which contrasts with the earlier positive growth. Europe is expected to grow at a low-single-digit rate, down from the mid-teens growth experienced in the previous quarters. Regarding earnings, Boss pointed out that the management's preliminary guidance for fiscal 2026 includes a headwind of more than 100 basis points from tariffs. However, Ralph Lauren Corporation (NYSE:RL) is exploring potential actions to offset this impact, which could lead to better results than the current guidance. Boss also noted a potential upside scenario where the stock's value could go above $400. While we acknowledge the potential of RL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RL and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.
Yahoo
24-05-2025
- Business
- Yahoo
JPMorgan Raises Ralph Lauren (RL) Price Target, Keeps Overweight Rating
On Thursday, May 22, JPMorgan analyst Matthew Boss kept an 'Overweight' rating and raised the price target for Ralph Lauren Corporation (NYSE:RL) to $355 from $342. According to Boss, the company has not seen any slowdown globally through May. Ralph Lauren Corporation (NYSE:RL) has also reported no cancellations from wholesale partners so far. A man and woman in business attire walking down a street, bags of clothing in hand. Despite this, the company's forecast for the second half of fiscal 2026 is conservative. Ralph Lauren Corporation (NYSE:RL) expects revenue growth to moderate by about 10 percentage points. North America is projected to experience a mid-single-digit decline, which contrasts with the earlier positive growth. Europe is expected to grow at a low-single-digit rate, down from the mid-teens growth experienced in the previous quarters. Regarding earnings, Boss pointed out that the management's preliminary guidance for fiscal 2026 includes a headwind of more than 100 basis points from tariffs. However, Ralph Lauren Corporation (NYSE:RL) is exploring potential actions to offset this impact, which could lead to better results than the current guidance. Boss also noted a potential upside scenario where the stock's value could go above $400. While we acknowledge the potential of RL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RL and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
Morgan Stanley Maintains Buy Rating on Lululemon Athletica (LULU)
In a report released on May 19, Matthew Boss from J.P. Morgan maintained a Buy rating on Lululemon Athletica Inc (NASDAQ:LULU) and set a price target of $389.00. The analyst is bullish on Lululemon Athletica Inc. (NASDAQ:LULU) because of its solid operations, corroborated by its strong fiscal Q4 2024 results. A store employee in an athletic apparel store restocking merchandise. Net revenue for the quarter underwent a 13% growth to $3.6 billion, or 14% on a constant dollar basis. Net revenue for the Americas rose 7% (or 8% on a constant dollar basis), while international net revenue experienced a notable 38% surge (or 40% on a constant dollar basis). Lululemon Athletica Inc. (NASDAQ:LULU) also reported a 15% growth in gross profit to $2.2 billion in fiscal Q4 2024, while gross margin rose 100 basis points to 60.4%. The company plans to continue this growth momentum and expects net revenue for 2025 to fall between $11.150 billion and $11.300 billion, representing a growth of 5% to 7%. While we acknowledge the potential of LULU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LULU and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
