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ROST

Ross Stores (NASDAQ:ROST) received mixed ratings from 8 financial analysts, with an average 12-month price target of $138.12, up from $132.60. Analysts from firms like Wells Fargo, BMO Capital, Morgan Stanley, Telsey Advisory Group, Evercore ISI Group, and Gordon Haskett have raised their price targets, reflecting a positive outlook on the company's performance. Ross Stores has shown solid revenue growth, exceptional net margin, and impressive ROE and ROA, with a prudent approach to debt management.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:01 pm

VSCO

Victoria's Secret (NYSE:VSCO) has received mixed analyst ratings over the past three months, with the majority being indifferent. The average 12-month price target for VSCO has increased by 17.35% to $23.00, with a high estimate of $29.00 and a low of $16.00. Analysts from firms like Wells Fargo, Morgan Stanley, Telsey Advisory Group, BMO Capital, and Evercore ISI Group have updated their ratings and price targets, reflecting their views on the company's market performance. Victoria's Secret's financial performance shows a market cap below industry average, a revenue decline of -4.02%, low net margin, ROE, and ROA, and a high debt-to-equity ratio, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:01 pm

SPY

USA new home sales for November were reported at 590K, significantly lower than the estimated 695K and the prior month's 672K. This indicates a potential slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 3:00 pm

KMX

Analysts have mixed views on CarMax (NYSE:KMX), with 14 ratings ranging from bullish to bearish. The average 12-month price target is $79.93, down from $82.30. Actions taken by analysts include maintaining, raising, or lowering ratings and price targets. CarMax's financial performance shows a negative revenue trend but strong profitability indicators like net margin and ROE. The company is the largest used-vehicle retailer in the U.S. with plans to increase market share.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:00 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) shares dropped by 1.1% to $505.65, reacting to Nike's mixed Q2 results and lowered outlook, which negatively affected the athletic apparel sector. Nike reported higher-than-expected earnings but missed revenue forecasts, leading to a decline in sector confidence. Lululemon's stock fluctuation is in sympathy with Nike's performance.

Portfolio Pulse from Henry Khederian

December 22, 2023 | 2:56 pm

AMZN

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) released its first engagement report, providing valuable audience insights that could benefit the entire media industry. The report comes after a writers' and actors' strike that impacted major companies like The Walt Disney Company (NYSE:DIS). Disney, facing box office struggles and streaming losses, is cutting costs and focusing on quality over quantity. Disney's CEO Bob Iger aims for Disney+ profitability by next year. Amazon.com Inc (NASDAQ:AMZN) also keeps viewership data private but may follow Netflix's transparency lead, potentially improving media content quality across the industry.

Portfolio Pulse from Upwallstreet

December 22, 2023 | 2:49 pm

VLCN

Volcon Inc. (NASDAQ:VLCN) provided an update on the development of its Stag model, addressing previous supply chain issues. The company clarified that the issues are limited to two components requiring software and hardware updates. Once updated, a short testing phase will follow. Most components are ready for production, and the U.S. Army Corps will receive the initial shipments. Volcon anticipates starting shipments in Q1 2024, reflecting its commitment to quality in the electric powersports market.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:28 pm

BE

Bloom Energy (NYSE:BE) and SK ecoplant have extended their Preferred Distributor Agreement, with SK ecoplant committing to purchase 500 MW of Energy Servers from Bloom Energy through 2027. The deal is expected to generate around $1.5 billion in product revenue and $3 billion in service revenue over 20 years for Bloom Energy. The partnership, which began in 2018, has already seen the deployment of 400 MW and aims to strengthen market leadership in power generation and the global hydrogen economy. SK ecoplant has also invested approximately $566 million in Bloom Energy, owning about 10% of the company's shares.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:02 pm

DECK

Deckers Outdoor (NYSE:DECK) has received mixed analyst ratings over the past three months, with 12 analysts offering a range of bullish to indifferent perspectives. The average 12-month price target for DECK has risen 8.23% to $687.83, with a high estimate of $800 and a low of $600. Analysts have raised their price targets and ratings, reflecting positive sentiment towards the company's performance. Deckers Outdoor, known for brands like UGG and Teva, has shown strong financials with a 24.7% revenue growth, a high net margin of 16.35%, and an ROE of 9.93%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:01 pm

SIG

Analysts have mixed views on Signet Jewelers (NYSE:SIG), with recent ratings ranging from bullish to bearish. Over the last quarter, there were 1 bullish, 2 somewhat bullish, and 2 indifferent ratings. The average 12-month price target is $104.2, up from $96.25, with a high of $120 and a low of $82. Wells Fargo and Citigroup raised their targets, while Telsey Advisory Group raised and maintained theirs. Signet's financials show a -12.06% revenue decline over 3 months, but strong profitability with a net margin of 0.22% and high ROE of 0.19%. The company's debt-to-equity ratio is healthy at 0.81.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:00 pm