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Equity Actions

AMG

Affiliated Managers Group (AMG) has announced the appointment of Reuben Jeffery III as the Chair of its Board of Directors, effective January 26, 2024. This strategic move is expected to provide leadership and direction for the company's future endeavors.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:21 pm

VINE

Fresh Vine Wine, Inc. has entered into a definitive agreement to acquire Notes Live, Inc. in an all-stock transaction. Notes Live is valued at $350 million plus any gross proceeds from its current equity offering, which could be up to $50 million. Fresh Vine is valued at $18 million. The share distribution to Fresh Vine and Notes Live shareholders will be based on these valuations and adjusted according to Fresh Vine's net cash at closing.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:08 pm

DDL

Dingdong, a Chinese online grocer, has announced a $20 million share repurchase program. The company plans to buy back its shares over the next 12 months, signaling confidence in its business and potentially aiming to boost its stock price, which may have been under pressure due to market conditions or company performance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:03 pm

CKPT

Checkpoint Therapeutics, Inc. has announced a registered direct offering priced at-the-market, aiming to raise $14 million. This capital raise typically dilutes existing shareholders but provides the company with additional funds for operations, development, and potential strategic moves.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:01 pm

BLDR

Builders FirstSource (NYSE:BLDR) has been rated by 10 analysts in the last three months, with an average 12-month price target of $170.7, up from $165.71. Ratings range from 'Outperform' to 'Neutral', with price targets varying from $143.00 to $220.00. The company's financial performance shows a negative revenue trend with a -21.3% growth, a net margin of 9.96%, ROE of 10.12%, and an impressive ROA of 4.21%. Its debt-to-equity ratio is 0.85, below industry average.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:01 pm

DLTR

Dollar Tree (NASDAQ:DLTR) received mixed analyst ratings with an average 12-month price target of $143.00, up from $134.33. Analysts from firms like JP Morgan, Truist Securities, Morgan Stanley, Telsey Advisory Group, and Wells Fargo have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Dollar Tree's financial health shows a revenue growth of 5.4%, a net margin of 2.9%, and a below-average ROE and ROA. The company operates over 8,200 Dollar Tree and 8,350 Family Dollar stores, with a focus on consumables and variety items.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:00 pm

FIVE

Analysts have provided mixed reviews on Five Below (NASDAQ:FIVE) with 12 recent ratings ranging from bullish to bearish. The average 12-month price target is $222.58, with a high of $245.00 and a low of $205.00, indicating a 4.69% increase from the previous target. Analysts from firms like JP Morgan, Telsey Advisory Group, Barclays, Evercore ISI Group, Truist Securities, Morgan Stanley, Wells Fargo, and Citigroup have adjusted their ratings and price targets, reflecting their latest views on the company's performance. Five Below operates 1,340 stores and has shown strong financials with a revenue growth rate of 14.17%, a net margin of 1.98%, an ROE of 1.04%, an ROA of 0.4%, and a low debt-to-equity ratio of 1.22.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:00 pm

LAZ

Four analysts have recently updated their ratings on Lazard (NYSE:LAZ), with an average 12-month price target of $41.00, up from the previous $29.50. The ratings range from 'Outperform' to 'Sell', with price targets varying from $31.00 to $51.00. Lazard's financial performance shows challenges with a -27.99% revenue decline, a low net margin of 1.15%, and a high debt-to-equity ratio of 6.04. The company's history dates back to 1848, focusing on financial advisory and asset management, with a significant international presence.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:00 pm

CDLX

Cardlytics has settled its dispute with SRS by agreeing to pay $25 million in cash and issuing 3.6 million shares of its common stock to SRS. This resolution concludes the legal conflict between the two entities.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:58 pm

HCMLY

Swiss building materials giant Holcim Ltd (OTC:HCMLY) plans to list its North American operations on the NYSE, targeting a $30 billion valuation. The spin-off is slated for completion in the first half of 2025. Miljan Gutovic will become CEO on May 1, succeeding Jan Jenisch, who will become chairman and oversee the U.S. listing. Holcim's U.S. business aims to grow annual sales from $11 billion to over $20 billion and achieve an operating profit above $5 billion by 2030.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 12:34 pm