The no-moat retailer posted exceptional third-quarter results, and shares are overvalued.
Some retailers are better equipped to fight the Amazon threat.
We suggest investors await a more attractive entry point before buying shares of the narrow-moat firm.
We think the grocer is likely to reward patient investors.
Strong domestic performance drove full-year results, showing that the wide-moat retailer enjoys enduring competitive advantages that should allow it to deliver returns even as retail changes.
The activist investor's push for a Family Dollar divestiture could refocus resources on the better-positioned Dollar Tree banner.
The wide-moat retailer has considerable advantages at its disposal, but shares are rich.
We expect the firm's long-term performance will be characterized by low-single-digit revenue growth and operating margins over the next decade.
With fuel prices moderating and stronger new vehicle sales cohorts entering the company's sweet spot, we continue to see opportunities for AutoZone to grow while holding profitability near recent levels.
Third-quarter profitability was lackluster, and we think investors should wait for a more attractive entry point.
We're trimming our fair value estimate for the no-moat firm but still suggest investors await a more attractive entry point.
Strength in its domestic physical and digital operations has propelled results, and we expect the retailer to continue to successfully adapt to a changing retail landscape.
Scaled parts retailers like Advance are relatively well insulated from digital threats.
We're encouraged by the wide-moat retailer's ongoing robust growth, but we suggest investors await a more attractive entry point.
We'll trim our fair value estimate a tad, but our long-term forecast is intact.
Though the narrow-moat retailer's Family Dollar unit is struggling, we expect the firm's competitive strength to emerge as the unit recovers.
We are wary of the long-term competitive dynamic the no-moat retailer faces, given its lack of differentiation in a sector with virtually no switching costs.
Buying Keystone Foods gives no-moat Tyson international growth potential, but it won't significantly change the firm's ability to generate economic returns.
The wide-moat retailer's considerable competitive advantages should continue to translate well into digital retail.
We have long believed the narrow-moat firm's work to boost availability, improve efficiency, and optimize its supply chain and distribution network would boost performance.
We still expect short-term challenges in the firm's chicken and pork units to yield to our long-term targets for the firm.
Shares are somewhat attractive, with sentiment underestimating the narrow-moat firm's remaining (if diminished) clout in-aisle.
We think the company can leverage its domestic product lineup as it grows internationally and builds its instant oil change presence.
While concerned that the Ainsworth purchase comes as Smucker struggles in the pet-nutrition sector, we applaud the firm’s openness to divesting its baking business.
Despite underwhelming guidance, we're optimistic about the narrow-moat specialty retailer's long-term prospects.
We think the snack maker is well suited to cater to consumers' continued desire to indulge.
We expect the new CEO to hew closely to Hostess' successful playbook as the firm rebuilds following its 2012 liquidation.
The narrow-moat company offers a greater opportunity for patient investors favorable to the sector and willing to endure a multiyear turnaround.
We think its distribution network sets it up for success in the race for professional and DIY sales.
Shares of the narrow-moat company soared after the company posted good results, but we think they're still undervalued.
Jif, K-Cups, and pet food are the menu for a narrow moat.
The purchase of Alliance Automotive will make the narrow-moat firm a more valuable partner to global part vendors that should increasingly depend on the firm for aftermarket sales.
The narrow-moat company faces a competitive onslaught in difficult categories, but it retains clout that constitutes a sustainable advantage.
A new distribution model expands sales channels while freeing up resources for investment.
The firm's fiscal 2018 guidance exceeds our expectations, and we plan to raise our fair value estimate.
We think the slump in auto-parts retail is cyclical in nature rather than structural.
We're trimming our fair value estimate amid the industry's recent stumble, but we don’t think the sector is in secular decline.
The presence of Engaged Capital should improve accountability and encourage management to seek stockholder-friendly outcomes.
It's poised to capitalize on trends favoring premium and natural pet foods, and it's undervalued.
We do not think sluggish quarterly results indicate lower long-term potential for the narrow-moat company.
The moats of the large aftermarket retailers should be able to keep online competition at bay.