What’s in Store for Consumer Stocks This Week?

Key events

New Jersey-based retail store chain Bed Bath & Beyond (BBBY) is set to release its 4Q17 and fiscal 2017 earnings results on April 11, 2018. Revenue is expected to rise 4.2% YoY (year-over-year) to $3.6 billion from $3.5 billion, and earnings per share are expected to fall ~24.0% YoY to $1.40 from $1.80.

What’s in Store for Consumer Stocks This Week?

Analysts’ ratings and price changes last week

  • On April 2, Barclays raised its target price for PVH (PVH) to $173 from $166. Of analysts surveyed, 88% recommended “buy” and 12% recommended “hold.” There were no “sell” recommendations.
  • On April 3, Telsey Advisory Group cut its target price for Signet Jewelers (SIG) to $40 from $44. Of analysts surveyed, 8% recommended “buy” and 92% recommended “hold.” There were no “sell” recommendations.
  • On April 4, Wedbush initiated coverage with an “outperform” rating for Booking Holdings (BKNG) and a price target of $2,500, and D.A. Davidson initiated coverage with a “neutral” rating and a target price of $2,260. Of analysts surveyed, 74%recommended “buy” and 26% recommended “hold.” There were no “sell” recommendations.
  • On April 5, Citigroup raised its target price for J.M. Smucker (SJM) to $155 from $146, and Stephens increased its target price to $130 from $125. Of tanalysts surveyed, 26% recommended “buy,” 58% recommended “hold,” and 16% recommended “sell.”
  • On April 5, after CarMax’s (KMX) earnings results, Buckingham Research upgraded its stock to “buy” from “neutral” while reducing its target price to $75 from $77. Of analysts surveyed, 56% recommended “buy,” 31% recommended “hold,” and 13% recommended “sell.”
  • On April 5, Wedbush upgraded AutoZone (AZO) to “outperform” from “neutral” and raised its target price to $750 from $670. Of analysts surveyed, 44% recommended “buy,” 52% recommended “hold.” and 4% recommended “sell.”
  • On April 5, Goldman Sachs downgraded Whirlpool (WHR) to “sell” from “neutral” and cut its target price to $135 from $164. Of analysts surveyed, 27% recommended “buy” and 73% recommended “hold.” There were no “sell” recommendations.

For more information, visit Market Realist’s Consumer Discretionary and Consumer Staples pages.