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TPR

Tapestry (NYSE:TPR) has received mixed analyst ratings over the last three months, with a shift towards a more cautious outlook in the last 30 days. The average 12-month price target for TPR has increased to $48.44, indicating a 20.35% rise from the previous target. Analysts from firms like Jefferies, Goldman Sachs, and Wells Fargo have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Tapestry, owning brands like Coach, Kate Spade, and Stuart Weitzman, has shown solid financial performance with a notable revenue growth rate, exceptional net margin, and strong ROE and ROA, despite a high debt-to-equity ratio. In August 2023, Tapestry announced the acquisition of Capri, adding brands like Michael Kors, Versace, and Jimmy Choo to its portfolio.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:00 pm

BILL

XROLF

Xero Ltd. (OTC:XROLF) has formed a strategic partnership with BILL Holdings, Inc. (NYSE:BILL) to introduce a bill pay solution for small businesses in the U.S. This solution, integrated within the Xero Platform, aims to streamline bill payments and enhance cash flow management by automating transactions and providing access to BILL's network of 5.8 million members. The solution is expected to reduce reliance on manual processes for over 33 million small businesses in the U.S. Further details will be announced later this year. Meanwhile, BILL shares saw a slight decrease of 0.11% to $63.69 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 12:59 pm

NTNX

Nutanix shares surged following the announcement of Q2 financial results that exceeded expectations. Additionally, Barclays reaffirmed an Overweight rating on Nutanix and increased its price target from $49 to $68.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:59 pm

CELH

Celsius Holdings shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:58 pm

HLN

Haleon shares are trading higher following the announcement of their FY23 revenue results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:57 pm

VCEL

Vericel (NASDAQ:VCEL) reported Q4 GAAP EPS of $0.26, surpassing the $0.17 estimate, and sales of $65.00M, exceeding the $63.93M estimate. This represents a 116.67% increase in earnings and a 23.35% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:56 pm

PSTG

Pure Storage's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company's Q1 revenue guidance surpassed estimates. UBS has maintained a Neutral rating on Pure Storage but increased its price target from $38 to $44.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:55 pm

NAT

Nordic American Tankers (NYSE:NAT) reported Q4 earnings with an EPS of $0.08, missing estimates by -38.0% against an expected $0.13. Revenue decreased by $11.84 million from the same period last year. The company's past earnings performance shows a pattern of missed EPS estimates leading to a drop in share price the following day.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 12:55 pm

MNST

Monster Beverage's stock is trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:52 pm

ES

OMI

SOUN

SRE

Recent insider sales have been reported for Sempra (SRE), Owens & Minor (OMI), SoundHound AI (SOUN), and Eversource Energy (ES). These sales come after various company-specific news, such as earnings reports and stake disclosures, potentially indicating insiders' views on the stocks' current valuations.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:51 pm