Analysts: eBay Sales Data Show Upside and 3 Other Research Notes to Check Out
eBay (NASDAQ:EBAY): Piper Jaffray says ChannelAdvisor’s August report of eBay sales, up 19 percent, indicates its September-quarter U.S. gross merchandise volume estimate of 11 percent has upside. The firm has an Overweight rating on eBay’s shares.
Crocs (NASDAQ:CROX): Goldman lowered its Crocs estimates following a third-quarter update. The firm is surprised by the revision, given the company provided third-quarter guidance just two months ago and retailers de-stocked massively late in the second quarter. The analyst believes analyst expectations were already low and maintains its Neutral rating.
Green Mountain Coffee Roasters (NASDAQ:GMCR): Imperial Capital raised its price target for Green Mountain shares from $95 to $100 following the company’s investor day, and it keeps an Outperform rating on the stock. The firm said it left the investor day incrementally more positive on the sustainability of Green Mountain’s double-digit earnings growth.
Restoration Hardware (NYSE:RH): William Blair says Restoration Hardware’s second-quarter margin of 36.4 percent fell below the 37.7 percent consensus. However, the firm believes Restoration Hardware reported solid results with an “encouraging” outlook. The firm notes that Restoration management expects the gross margin trajectory to improve substantially in the second half of 2013. William Blair raised its earnings for Restoration Hardware and keeps an Outperform rating on the stock.
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