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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
Dividend Yield: 7.10%
Read More:
Latest Ratings for KSS
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Telsey Advisory Group | Maintains | Market Perform | |
Mar 2022 | Credit Suisse | Maintains | Neutral | |
Feb 2022 | Gordon Haskett | Downgrades | Buy | Accumulate |
View More Analyst Ratings for KSS
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Once a major beneficiary of the artificial intelligence (AI) wave, Super Micro Computer, Inc. is now under a dark cloud of uncertainty. After a sharp post-earnings slide, short-seller Hindenburg Research unleashed a wave of allegations last month, accusing the company of accounting manipulations, export control violations, and self-dealing.
The report effectively resurfaced old regulatory issues, with concerns over the re-hiring of executives linked to previous scandals and deals involving CEO Charles Liang’s family-controlled suppliers. Furthermore, Hindenburg’s report also suggested sanction-dodging exports to Russia and the loss of support from key clients like Nvidia and Tesla .
The Hindenburg report itself made a fairly limited impact, but the next day, Super Micro Computer announced a delay in filing its annual Form 10-K with the Securities and Exchange Commission (SEC), citing the need for extra time to assess the effectiveness of its internal controls. This rattled investor confidence, with SMCI stock reeling on the news, and sent some formerly bullish analysts to the bearish camp.
Notably, JPMorgan initially defended Super Micro against the Hindenburg allegations, representing a high-profile vote of confidence - but the brokerage has since backed down from that stance with a new downgrade of SMCI. So, what sparked the about-face? Let’s take a closer look to find out.
About Super Micro Computer Stock
Founded in 1993, California-based Super Micro Computer, Inc. has emerged as a global leader in high-performance server, liquid cooling technology, and storage solutions, specializing in systems optimized for demanding computational workloads. With a market cap of around $23.08 billion, Super Micro caters to enterprise data centers, cloud computing, AI, and 5G edge computing worldwide.
Following a historic two-year rally, Super Micro stock made its debut in the prestigious S&P 500 Index in March, replacing Whirlpool Corporation . By July, it had also secured a spot in the Nasdaq-100 Index ($IUXX), cementing its status among the market’s elite.
Even after the company’s steep 66.4% pullback from its March highs, SMCI stock is up more than 51% over the past year and 47% on a YTD basis, outshining the broader SPX’s returns of 22.1% over the past year and 14.9% on a YTD basis.
From a valuation perspective, SMCI stock is trading at 13.56 times forward earnings, which is lower than the tech sector median, as well as its own five-year average.
Super Micro Slides After Q4 Earnings Fall Short
After the company released its fiscal Q4 earnings results on Aug. 6, which fell short of Wall Street’s bottom-line expectations, shares of Super Micro took a nosedive, plummeting more than 20% in the subsequent trading session. SMCI’s net sales of $5.3 billion shot up a notable 143.6% year over year, and topped estimates marginally.
However, despite an impressive 78.1% annual growth, Super Micro Computer’s adjusted earnings of $6.25 per share missed Wall Street’s expectations by a wide 23.2% margin. The company also disclosed a sharp decline in gross margin to 11.2% for the quarter, down from 17% in the year-ago quarter and 15.5% in fiscal Q3. This steep drop in profitability contrasts sharply with CEO Charles Liang’s claim of record demand for the company’s new AI infrastructure.
As of June 30, Super Micro Computer reported approximately $1.7 billion in cash and cash equivalents, against a hefty $2.2 billion in bank debt and convertible notes. Plus, the company also announced a 10-for-1 stock split alongside its Q4 earnings release, with the split scheduled to take effect on Oct. 1.
For Q1 of fiscal 2025, management projects net sales to range between $6 billion and $7 billion, while adjusted EPS is expected to land between $6.69 and $8.27. Looking forward to fiscal 2025, the company anticipates net sales to range between $26 billion and $30 billion.
Analytics tracking Super Micro Computer project the company’s profit to hit $28.50 per share in fiscal 2025, up 41.9% year over year, and climb another 11% to $31.63 per share in fiscal 2026.
What Do Analysts Expect for Super Micro Computer Stock?
After the release of the Hindenburg short report, JPMorgan was one of the first - and only - big-name brokerage firms stepping up to defend Super Micro Computer.
The firm initially brushed off the short seller’s claims, stating there was "limited evidence of accounting mistreatments beyond revisiting the 2020 charges from the SEC" and found little new information about SMCI’s existing connections with businesses owned by the founder's siblings.
However, JPMorgan has since shifted its stance, downgrading SMCI stock from “Overweight” to “Neutral” alongside a hefty price target cut.
In a carefully worded note, JPMorgan analyst Samik Chatterjee explained, “our downgrade is not led by lower confidence in the company’s ability to regain compliance in relation to regulatory filings or related to any of the tenets of the Hindenburg report but more so driven by a 1) near-term view where there is a not a clear rationale for new investors stepping into SMCI shares while uncertainty exists around regaining compliance and 2) the watch-point in relation to follow-up response from Super Micro to ensure that customers do not divert orders, which could involve aggressive pricing, in our view, and the competitive response from peers.”
Chatterjee also slashed SMCI’s price target nearly in half, from $950 to $500.
Overall, Wall Street is still cautiously optimistic on SMCI, which is clinging to a consensus “Moderate Buy” rating. Of the 12 analysts covering the stock, four advise a “Strong Buy,” seven suggest a “Hold,” and one analyst advocates a “Strong Sell.”
Just two months ago, though, the picture was much more bullish, as SMCI had seven “Strong Buys” and only four “Holds.”
The mean price target for SMCI has also been declining lately, but still stands at an ambitious $819.07 - indicating an expected upside potential of 94% from current levels.
On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
Company Acquires Key AR "Try-On" Technology
TORONTO, ON / ACCESSWIRE / September 11, 2024 /Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a leading Generative AI-powered 3D model content provider for major e-commerce giants including Amazon, P&G, and Kohl's, is thrilled to announce the acquisition of augmented reality (AR) try-on technology from Designhubz in a all stock deal fo 500,000 shares at a deemed price of .10/share. Designhubz is renowned for its All-in-One Solution that creates, collaborates, and shares immersive eCommerce experiences, allowing online shoppers to virtually try products before they buy. With the addition of Designhubz's technology, Nextech3D.ai is set to deliver immersive experiences, setting a new standard in the world of digital commerce.
According to Designhubz-Immersive Virtual Try-On Experience and preferences.
AI Powered Style and Size Suggestions
From eyewear to shoes, Designhubz 3D and AR web viewer tracks key information such as your shoppers':
Facial and feet dimensions
Facial and feet features
Eye, skin and hair color
Age, gender and ethnicity feet dimensionAge, gender and ethnicity
Based on the above, the AI personalization engine is equipped to recommend the size that's right for them and suggest styles that shoppers similar to them have bought in the past.
Nextech3D.ai CEO Evan Gappelberg commented, "We are excited about adding this technology into our Nextech3D.ai platform which is already quite robust. However with this acquisition I believe we have completed our goal of becoming the end-end one stop shop for ecommerce retailers and have dramatically expanded our market into the wearables AR 3D growth segments. He continues "We have been investing heavily in our technology over the past five years which is evidenced by our portfolio of five patents for 2D-3D technology as well as sour recognition from Amazon as their external 3D model supplier. We are continuously looking to strengthen our position in the market and platform in 3D and AR technologies and this acquisition complements our existing tech perfectly."
This strategic acquisition positions Nextech3D.ai's AI-driven 3D modeling capabilities, by offering a virtual shopping experience that includes try on jewelry, try on clothing, try on sneakers and try on glasses which aligns with the growing consumer demand for interactive and personalized product visualizations. The integration of Designhubz's advanced AR technology will allow Nextech3D.ai's customers to not only visualize with 3D models but also to provide the consumer with a seamless "try-on" experience, enhancing product engagement and boosting purchase confidence.
Unifying 3D Modeling and AR Try-On for a Seamless Shopping Experience
With the integration of Designhubz's AR technology, Nextech3D.ai is positioned to maximize the way consumers interact with products online. From fashion and beauty to automotive and real estate, our unified platform will deliver highly realistic and interactive product visualizations, empowering users to explore and try on any product in the ecommerce landscape giving Nextech a competitive advantage over companies that only offer limited services.
Nextech3D.ai's platform will now offer a comprehensive suite of tools including texture modeling, a marketplace for 3D assets, AI-driven photo renderings, and immersive AR visualizations. This powerful combination not only streamlines workflows but elevates the user experience, creating an all-encompassing hub for everything 3D and AR.
In the fashion and beauty sectors, AR try-ons are redefining the customer experience by allowing users to experiment with virtual accessories and makeup. With the addition of Designhubz's technology, Nextech3D.ai is set to deliver immersive experiences, setting a new standard in the world of digital commerce.
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About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.
For further information, please contact:
Nextech3D.ai Evan Gappelberg CEO and Director 866-ARITIZE (274-8493)
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: Nextech3D.ai
View the original press release on accesswire.comFor the full text of this story please click the following link: http://www.moodys.com/page/viewresearchdoc.aspx...
Consumer stocks were increasing late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1%.
In corporate news, Kohl's shares fell nearly 3% as TD Cowen downgraded the stock to hold from buy and cut its price target to $21 from $25.
Lululemon Athletica shares were shedding 0.4% after it lowered its full-year outlook and Chief Executive Calvin McDonald said the company aims to speed up the release of several new athletic apparel styles.
Ulta Beauty's lower-than-expected earnings and comparable sales for fiscal Q2 and its downgraded guidance are expected to be a drag on its share price in the near term, Evercore ISI said in a Friday note. Ulta shares were dropping 4%.
Tyson Foods said late Thursday it has appointed Curt Calaway as chief financial officer, effective immediately, succeeding John Tyson. Tyson Foods shares were down 0.2%.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Considering buying DG stock? Here’s what analysts think:
Latest Ratings for DG
Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Deutsche Bank | Maintains | Buy | |
Feb 2022 | Wells Fargo | Upgrades | Equal-Weight | Overweight |
Jan 2022 | Morgan Stanley | Downgrades | Overweight | Equal-Weight |
View More Analyst Ratings for DG
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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