Seth Basham

Shares of Tractor Supply Company (NASDAQ: TSCO) rose more than 4 percent after the rural lifestyle retailer delivered a solid fourth-quarter beat with strong outlook. Quarterly Print The quarter was highlighted by a 3.1 percent comp (vs. consensus 1.9 percent) and EPS of $0.94 (vs. consensus $0.91...

Wedbush estimates Tempur Sealy International Inc (NYSE: TPX) will lose about 55 percent of its Tempur-Pedic business and $100 million plus of earnings following the contract cancellation with Mattress Firm. Further, the brokerage projects Tempur Sealy to lose about 85 percent of its Sealy business...

Failure-related auto part sales in 2017 should be driven by “a cold December and normalizing winter weather trends,” while an analysis of the 2011–2012 weather trends suggests “better comps ahead,” Wedbush’s Seth Basham said in a report. Weather-Related Sales To...

Wedbush remains Neutral-rated on Bed Bath & Beyond Inc. (NASDAQ: BBBY), as it believes it would be challenging for the domestic merchandise and home furnishing retailer to meaningfully grow comps and EPS in 2017. Lower-Than-Expected Q3 Print The comments come after the company reported lower-...

Used car retailer CarMax, Inc (NYSE: KMX) is set to report its third-quarter earnings on December 20, and Wedbush anticipates earnings below consensus as higher loan delinquencies in CarMax Auto Finance (CAF) is expected to weigh on the results. Expectations Analyst Seth Basham sees EPS of $0.69...

Seth Basham of Wedbush maintains a Neutral rating on shares of Home Depot Inc (NYSE: HD) with a $145 price target after chatting with the company's CEO Craig Menear and chief financial officer Carol Tome during a meeting with the sell-side community. While Basham stated that he left the meeting...

Shares of Pier 1 Imports Inc (NYSE: PIR) soared in after-hours trading after reporting strong Q3 results and Street-beating guidance. The company reported Q3 EPS of $0.22, beating a consensus estimate of $0.12, and revenue of $475.9 million, compared with an estimate of $466 million. Shares opened...

Amazon.com, Inc. (NASDAQ: AMZN) and eBay Inc (NASDAQ: EBAY) are dominating the world of online auto sales. DIY Auto Retail In a new report on do-it-yourself (DIY) auto retail, Wedbush analyst Seth Basham discusses the secular headwind that Amazon and eBay have created for the “Big 4...

Shares of AutoZone, Inc. (NYSE: AZO) gained more than 2 percent after the auto parts retailer reported better-than-expected earnings for its first quarter. Quarter, In Review Autozone reported first-quarter earnings of $9.36 per share on revenue of $2.46 billion. Analysts were expecting earnings of...

Wedbush’s Seth Basham believes Select Comfort Corp. (NASDAQ: SCSS) will find it difficult to meet near-term expectations. Basham downgraded the rating on the company from Outperform to Neutral, while lowering the price target from $25 to $22. Intense Promotions “We have witnessed...

Wedbush expects Lowe's Companies, Inc. (NYSE: LOW) to grow EPS in mid-teens over the next three years and expect guidance in line with this view at its analyst day on Wednesday. The event comes amid signs of moderating industry demand growth, higher promotions, and setbacks in the last two...

Despite aggressive promotions, retail sales on the Thanksgiving and Black Friday weekend declined, with strong online sales growth being offset by declines in bricks-and-mortar sales, Wedbush’s Seth Basham said in a report. Basham mentioned that the decline was partly due to sales being...

The recent business update for the third-quarter from Pier 1 Imports Inc (NYSE: PIR) suggests that the “second quarter may have marked a near-term bottom,” as the company's third quarter traffic and comps have benefited from marketing-led initiatives. Pier 1's Expectations Pier 1...