Posts for Ticker ‘BARE’

Cosmetics Companies Down The Recession Drain (EL, RDEN, AVP, BARE, REV)

Witch_burningHusbands have long joked that certain segments in their households, such as cosmetics and personal beauty care products, were largely immune from recessions.  Many will still joke about this, but the numbers reported by Estee Lauder Companies Inc.(NYSE: EL) and Elizabeth Arden, Inc. (NASDAQ: RDEN) show this is not quite the case.  The good news is that they are at least still very profitable.  Both companies cut their earnings forecast and this is taking its toll on other major players in the sector today.  Avon Products Inc. (NYSE: AVP), Bare Escentuals, Inc. (NASDAQ: BARE), and Revlon Inc. (NYSE: REV) are all trading as though they are next in line to join the warnings parade.

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Posted on: January 16, 2009 – 10:30 am in Apparel, Consumer Goods, Earnings Warning, , , , ,

The 52-Week Low Club (CTV)(EK)(PWAV)(BARE)

Sad_clown_2Commscope (CTV) Downgraded by Baird. Drops to $14.55 from 52-week high of $56.50.

Eastman Kodak (EK) Weak forecast. Sells down to $8.94 from 52-week high of $29.08.

Powerwave (PWAV) Poor earnings and downgrade. The daily double. Plunges to $.78 from 52-week high of $5.52.

Bare Escentuals (BARE) Downgraded after missing earnings estimates.

Douglas A. McIntyre

Posted on: October 31, 2008 – 2:47 pm in HI/LOW, , , ,

The 52-Week Low Club 7/31/2008 (DLX)(UMC)(BA)(AKAM)(HOLX)(BARE)

Sad_clownDeluxe Corporation (DLX)  Drops 2008 outlook and pays the price. Falls to $14 from 52-week high of $40.86.

United Microelectronics (UMC) Fails with weak results and analyst upgrade. Sells off to $2.53 from 52-week high of $4.48

Boeing (BA) Concerns about plane orders as airline industry falls apart. Down to $61.06 from 52-week high of $107.15

Akamai Technologies (AKAM) Poor outlook for balance of the year. Sells off to $22.69 from 52-week high of $41.45.

Hologic (HOLX) Lowers sales forecasts. Dips to $18.18 from 52-week high of $36.44

Bare Essentials (BARE) Analyst downgrade. Plunges to $11.40 from 52-week high of $29.90

Douglas A. McIntyre

Posted on: July 31, 2008 – 3:02 pm in Uncategorized, , , , , ,

Top 10 Pre-Market Analyst Calls (AIG, BARE, CWST, DNA, GILD, MHS, SLAB, TKLC, UBS, WCA)

These are ten of the analyst calls we are seeing early this Thursday morning in early bird pre-market trading hours:

  • American International Group (NYSE: AIG) raised to Buy at Citigroup.
  • Bare Escentuals (NASDAQ: BARE) Raised to Buy from Hold at Citigroup.
  • Casella Waste (NASDAQ: CWST) raised to Overweight at JPMorgan.
  • Genentech (NYSE: DNA) Started as Buy at Deutsche Bank.
  • Gilead (NASDAQ: GILD) Started as Buy at Deutsche Bank.
  • Medco Health Solutions (NYSE: MHS) Cut to Neutral from Buy at UBS.
  • Silicon Laboratories (NASDAQ: SLAB) Raised to Outperform from Market Perform at FBR.
  • Tekelec (NASDAQ: TKLC) Cut to Equal-weight from Overweight at Lehman Brothers.
  • UBS AG (NYSE: UBS) cut to Neutral at Credit Suisse.
  • WCA Waste (NYSE: WCA) Cut To Underweight From Neutral By JP Morgan.

Jon C. Ogg
June 19, 2008

Posted on: June 19, 2008 – 6:11 am in Analyst Calls, , , , , , , , , ,

Goldman Sachs Changes Consumer Products Coverage (AVP, CL, BARE, PG, KMB)

Goldman Sachs has made some changes in coverage to its consumer products universe. 

The bulge bracket brokerage firm favors Avon Products, Inc. (NYSE: AVP) and Colgate-Polmolive Co. (NYSE: CL) and gave both companies some increased earnings target estimates for both this year and next, while making downgrades and some estimate cuts elsewhere in the household consumer products sector. 

The brokerage firm has transitioned a Neutral rating down to a "Sell" rating on Kimberly-Clark Corp. (NYSE: KMB).  Also, both Bare Escentuals, Inc. (NASDAQ: BARE) and Procter & Gamble Co. (NYSEL PG) were downgraded from Buy ratings down to "Neutral" ratings.

This was a coverage transition in an analysts this morning at Goldman Sachs, with Andrew Sawyer assuming US Household Products coverage from Amy Chasen.

Jon C. Ogg
April 9, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 9, 2008 – 8:21 am in Analyst Calls, Consumer Goods, , , , ,

Lazard Notes Bare Escentuals As Recession-Resistant (BARE)

Bare Escentuals, Inc. (NASDAQ: BARE) may be one sweet spot that is at least partially immune from the ups and downs of consumer spending.  Today we are getting word out of Lazard Capital Markets that its analyst Jacklyn Rider, its Healthy Lifestyles analyst, is reiterating her Buy rating on Bare Escentuals with a $27.00 target as she feels the growth story is unchanged.  This is fairly new coverage from Lazard Capital Markets as it appears the firm initiated it with a Buy rating earlier this month.

This call is after the company’s management presented at the ICR Xchange conference in California last week to a standing-room only crowd. The company reiterated its long-term growth opportunities to acquire customers, cross-sell products, and expand its points of distribution and international business.

Some of the points noted was a back to basics approach for new products and this note even discusses a recession-resistant product line that "is less sensitive to economic factors and that women will give up other discretionary items before makeup."  Ms. Rider also noted that channel checks indicate that customer demand and enthusiasm for Bare Escentuals’ products have not seen any slowdown.

Lazard is maintaining its earnings estimates of $0.93 for 2007, $1.18 for 2008, and $1.50 for 2009.  The $27 price target is based upon a 18X Lazard’s above consensus 2009 estimate, a discount to two-year earnings growth, and under the low-end of its historical earnings multiple.

The company designs and sells  premium make-up for women with an all-natural and additive-free product line.  We also believe this make-up aspect of the business is at least more recession-resistant than many other businesses (particularly compared to apparel or other discretionary spending), particularly in light of the fact that the company has an all-natural and irritant-free formula.

BARE shares are up 1.8% today at $20.33 right after noon, and the 52-week trading range $19.25 to $43.22 after coming public at higher prices in late-2006.

Jon C. Ogg
January 22, 2008

Posted on: January 22, 2008 – 12:31 pm in Analyst Calls, Consumer Goods,

The 52-Week Low Club (MOT)(AMD)(S)(C)

AMD (AMD) Downgrade. Prospects seen as dim for next few months. Drops to $9.80 from 52-week high of $23.

Motorola (MOT) Verizon Wireless opening its system? No other news. Falls to $14.87 fro 52-week high of $22.55.

Sprint (S) Competitor Verizon Wireless did open its system. Could  be competitive advantage over Sprint. Drops to $14.22 from 52-week high of $23.42.

Citigroup (C) New Abu Dhabi investment of $7.5 billion come with an 11% junk level coupon. Shares off to $29.60 from 52-week high of $57.

Arbitron (ARB) Delays launch of its radio ratings system. Down to $34.81 from 52-week of $55.63.

Bearingpoint  (BE) Not much news. Stock seems to keep falling. Drops to $3.06 from 52-week high $8.63.

Bare Escentuals (BARE) President resigns. Down to $19.83 from 52-week high of $43.22.

Douglas A. McIntyre

Posted on: November 27, 2007 – 4:01 pm in HI/LOW, , , , , , ,