Latest news with #StevenShemesh
Yahoo
4 days ago
- Business
- Yahoo
Walmart (WMT) Gets Price Target Hike to $103 from RBC Capital
Walmart Inc. (NYSE:WMT) is one of the best stocks to buy. On June 9, RBC Capital maintained an Outperform rating on Walmart and increased the target price from $102 to $103. The update came after the firm took part in Walmart's Annual Associates & Shareholders Week held in Northwest Arkansas. In the event, the tone of Walmart's leadership aligned with the impressions from the Q1 earnings call in mid-May. Steven Shemesh, an RBC analyst, observed uniformity in Walmart's messaging and insights from five primary data points during the event. RBC revised its financial model for Walmart to indicate the present foreign exchange rates, while the rest of the model remained unchanged. In the future, RBC Capital forecasts a consistent increase in Walmart's net sales, projecting a 4.3% boost in 2025 and 5% in 2026. These estimates marginally top the consensus figures, which project a growth of 4% and 5% for 2025 and 2026, respectively. Niloo / RBC's expectations for adjusted EPS are also slightly higher than consensus estimates. The firm expects an adjusted EPS of $2.64 for 2025 and $3.02 for 2026, in comparison to the consensus figures of $2.60 and $2.92, respectively. The target price of $103 is derived from roughly 34x the firm's forecasted 2026 adjusted EPS of $3.02, up from the previous estimate of $3.01. The slight change in the target price represents RBC's conviction in Walmart's financial performance and growth potential over the coming years. While we acknowledge the potential of WMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
Business Insider
5 days ago
- Automotive
- Business Insider
RBC Capital Reaffirms Their Buy Rating on O'Reilly Auto (ORLY)
In a report released on June 18, Steven Shemesh from RBC Capital maintained a Buy rating on O'Reilly Auto (ORLY – Research Report), with a price target of $98.00. The company's shares closed last Wednesday at $88.32. 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 Shemesh covers the Consumer Cyclical sector, focusing on stocks such as O'Reilly Auto, Petco Health and Wellness Company, and CarMax. According to TipRanks, Shemesh has an average return of 0.9% and a 53.82% success rate on recommended stocks. Currently, the analyst consensus on O'Reilly Auto is a Strong Buy with an average price target of $100.65, a 13.96% upside from current levels. In a report released on June 18, D.A. Davidson also maintained a Buy rating on the stock with a $107.00 price target. The company has a one-year high of $97.22 and a one-year low of $67.24. Currently, O'Reilly Auto has an average volume of 6.53M. Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORLY in relation to earlier this year. Earlier this month, JOSE A MONTELLANO NAJERA, the SVP OF WESTERN STORE OPS of ORLY sold 19.00 shares for a total of $25,686.10.
Yahoo
23-05-2025
- Business
- Yahoo
Williams-Sonoma Poised For Over 50% Upside On Housing Rebound Hopes: Analyst
Williams-Sonoma, Inc. (NYSE:WSM) saw several analysts reiterate their coverage, with one analyst making a modest reduction to the price forecast following Thursday's first-quarter results. The retailer reported revenue of $1.73 billion, a 4.2% increase from the same quarter last year and ahead of Wall Street's estimate of $1.67 billion. GAAP earnings per share of $1.85 beat the analyst consensus estimate of $1.77. Williams-Sonoma maintains its fiscal 2025 and long-term outlook despite absorbing higher costs from the current tariff landscape. It emphasized that its guidance does not account for additional future tariffs and may be revised if material changes expects fiscal 2025 net revenue to range between -1.5% and +1.5%, with comparable sales flat to up 3.0%. RBC Capital Markets analyst Steven Shemesh lowered the price forecast to $182 from $189 while keeping an Outperform rating. While first-quarter comps and headline operating margin outperformed expectations, investor concerns centered around the roughly 220 basis point headwind in merchandising gross margin, Shemesh noted. Shemesh views much of this impact as temporary and expects improvement beginning in the second quarter. Consequently, the analyst revised the second quarter comp estimate to +1.2% (from -1.5%) and raised the adjusted EPS forecast to $1.81 from $1.74. For 2025 and 2026, the analyst now projects comp sales growth of +1.1% and +2.6%, respectively (vs. +0.1% and +4.6% previously), and adjusted EPS of $8.33 and $9.10 (vs. $8.36 and $9.46 prior). KeyBanc analyst Bradley B. Thomas reiterated an Overweight rating with a price forecast of $181. The analyst says despite a challenging industry environment, the company delivered solid first-quarter results, with comparable sales and earnings per share surpassing expectations. The analyst remains positive on Williams-Sonoma's long-term outlook, driven by ongoing market share gains, a robust balance sheet, and sustainably elevated margins. The analyst asserts that the company is well-positioned for an eventual housing recovery, with a potential over 50% upside in its shares within the next two to three years. Thomas now estimates EPS of $1.71 (vs. $1.73 prior) for the second quarter, $1.87 (vs. $1.83 earlier) for the third quarter, and $3.02 (vs. $2.96 prior) for the fourth quarter of 2025. Also, the analyst raised full-year 2025 EPS estimates to $8.44 (from $8.20) and 2026 EPS estimate to $8.75 (from $8.40). Telsey Advisory analyst Cristina Fernández maintained an Outperform rating with a price forecast of $215. The analyst views Williams-Sonoma's quarterly performance as solid. However, year-over-year comparisons for gross and operating margins appear weaker due to a one-time adjustment in the first quarter of 2024. Guggenheim Securities analyst Steven Forbes kept a Neutral rating and writes that while the company's ~75 bps gross margin miss in the first quarter drew investor focus, the return to positive furniture comps (first since fourth-quarter 2022) is notable. The analyst notes that all brands posted positive one-year comps for the first time since the second quarter of 2022, and multi-year comp trends improved across key banners. Forbes says this supports management's outlook to return to top-line growth in 2025. Having now accounted for the pressure from tariff-related margin headwinds, the analyst, by and large, is sticking to previous estimates. Price Action: WSM shares are trading lower by 1.16% to $158.53 at last check Friday. Read Next:Photo via Shutterstock Date Firm Action From To Mar 2022 Wells Fargo Maintains Equal-Weight Feb 2022 Gordon Haskett Upgrades Hold Accumulate Jan 2022 RBC Capital Upgrades Sector Perform Outperform View More Analyst Ratings for WSM View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? WILLIAMS-SONOMA (WSM): Free Stock Analysis Report This article Williams-Sonoma Poised For Over 50% Upside On Housing Rebound Hopes: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Business Insider
22-05-2025
- Business
- Business Insider
RBC Capital Remains a Buy on Williams-Sonoma (WSM)
In a report released on May 20, Steven Shemesh from RBC Capital maintained a Buy rating on Williams-Sonoma (WSM – Research Report), with a price target of $189.00. The company's shares closed yesterday at $167.92. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Shemesh is a 3-star analyst with an average return of 1.4% and a 55.23% success rate. Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Home Depot, and Ollie's Bargain Outlet Holding. Williams-Sonoma has an analyst consensus of Moderate Buy, with a price target consensus of $180.38, which is a 7.42% upside from current levels. In a report released on May 19, Telsey Advisory also maintained a Buy rating on the stock with a $215.00 price target. WSM market cap is currently $21.43B and has a P/E ratio of 19.83. Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WSM in relation to earlier this year. Last month, Jeffrey Howie, the EVP CFO of WSM sold 915.00 shares for a total of $129,647.20.
Yahoo
13-04-2025
- Automotive
- Yahoo
Tariffs May Have Mixed Effects On Carmax, May Boost Used Car Demand Due To Pricier New Cars: Analyst
Truist Securities analyst Scot Ciccarelli reiterated a Hold rating on the shares of Carmax Inc (NYSE:KMX) with a price forecast of $88.00. CarMax delivered strong fourth-quarter results, with used vehicle same-store sales rising 5.1%, slightly below expectations but showing notable improvement from the prior quarter. Average selling prices remained steady year over year, and unit volume aligned with projections. Adjusted earnings per share were estimated at $0.64, slightly above the expected $0.62. The company reaffirmed its long-term targets but removed the specific timelines due to economic uncertainty. Tariffs are expected to have mixed effects on the business, said the analyst. As a result, tariffs may boost used car demand due to pricier new cars, but they could also potentially price out some consumers. Also Read: Walmart's Resilience Shines With Broad EBIT Forecast And Strong Growth Engines, Analyst Says RBC Capital analyst Steven Shemesh maintained an Outperform rating on the shares and lowered the price forecast from $103 to $80. CarMax outlined several encouraging developments. First-quarter same-store sales are trending in the high-single-digit range, with momentum building from February into March and April. The company continues to improve operating efficiency, leveraging SG&A expenses by 770 basis points year over year to roughly 91% of gross profit. Market share stabilized year over year, with gains in the second half of FY2025, particularly in the 0–4-year vehicle segment, said the analyst. CarMax expects its loan loss provisions to rise 40%–50% in first-quarter, hitting around $68 million, due to seasonal factors and a shift back to retaining more subprime loan volume. Management views this quarter as the likely peak, with future quarters remaining at the higher end of the $70–$105 million range, assuming stable lending conditions. The company also broadened its definition of "omnichannel sales," now covering more customer interactions, raising the metric to 67% of retail sales. Lastly, CarMax aims to increase CarMax Auto Finance penetration by 100–150 basis points by reclaiming previously outsourced loan originations. Price Action: KMX shares closed higher by 2.87% at $68.36 at last check Friday. Read Next:Photo via Shutterstock Date Firm Action From To Feb 2022 Evercore ISI Group Downgrades Outperform In-Line Jan 2022 Seaport Global Upgrades Neutral Buy Dec 2021 RBC Capital Maintains Outperform View More Analyst Ratings for KMX View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CARMAX (KMX): Free Stock Analysis Report This article Tariffs May Have Mixed Effects On Carmax, May Boost Used Car Demand Due To Pricier New Cars: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
