Seth Basham

Wedbush downgraded Lowe's Companies, Inc. (NYSE: LOW) to Neutral from Outperform citing limited room for expansion as it believes the best days of housing are likely gone. Citing various data points, the brokerage expects modest slowdown in underlying home improvement sales growth ahead,...

Wedbush’s Seth Basham believes transitioning its business model without impacting profitability would not be an easy task for CarMax, Inc (NYSE: KMX), and the company was likely to face growing cyclical pressures in 2017. Basham maintains a Neutral rating on the company with a price target of...

Wedbush has downgraded Tractor Supply Company (NASDAQ: TSCO) to Neutral from Outperform after the company cut its 2016 outlook and guided third-quarter below consensus estimates. The company expects comps to likely be negative for the second quarter in a row and third quarter out of the past four...

Mattress Firm Holding Corp (NASDAQ: MFRM) has entered into a definitive agreement to be acquired by Steinhoff International for $64.00 per share in cash. The takeout price represents a 115 premium to Mattress Firm’s closing price on Friday and represents “impressive value for...

Wedbush said it is impressed by Bed Bath & Beyond Inc. (NASDAQ: BBBY)'s passion and commitment to taking care of the customer and building customer trust across all ages and stages of life. However, the brokerage remains on the sidelines, citing gross margin pressures. "[I]ncreasing price...

Wedbush said the legal overhangs on Lumber Liquidators Holdings Inc (NYSE: LL) keeps it on the sidelines, despite second-quarter results showing "incremental sequential improvement in key areas," including sales and comps. Quarterly Results However, cash burn increased and the quarterly results...

On June 16, the Consumer Products Safety Commission (CPSC) released its findings related to the investigation of Lumber Liquidators Holdings Inc (NYSE: LL)'s Chinese laminate flooring. Wedbush’s Seth Basham maintains a Neutral rating on the company, with a price target of $13. Positive Ruling...

In a report published Monday, Wedbush analyst Seth Basham upgraded the rating on Lowe's Companies, Inc. (NYSE: LOW) from Neutral to Outperform, while raising the price target from $80 to $82. The analyst expects the positive drivers for the company to continue, if not increase, going forward. "LOW...

This is the third of a three-part series. Need to get caught up? Read Part 1 and Part 2. For alerts on all news about Lumber Liquidators, add it to your portfolio watchlist above. Update: Lumber Liquidators reported a Q1 loss of $7.78 million, or $0.29 per share, compared to a $13.7...

In a report published Tuesday, Wedbush analyst Seth Basham reminded investors that Lumber Liquidators Holdings Inc (NYSE: LL) is still very much "an extremely controversial stock" with "significant" regulatory and legal overhangs remaining. Basham continued that short...

Speaking to Benzinga, Wedbush Analyst Seth Basham discussed Lumber Liquidators Holdings Inc (NYSE: LL) ahead of its Thursday conference call. Basham said "expectations are that [the company is] going to hold the line on their point of view, that their products are safe and comply with CARB...