Markets & Finance

Southwest Securities Downgrades Sharper Image


Southwest Securities downgrades Sharper Image (SHRP) to neutral.

Analyst Ozarslan Tangun says while he believes Sharper Image is a very attractive long-term story, he's downgrading it until he has better visibility. He notes the company cut fourth-quarter guidance on a shortfall in holiday sales, citing disappointing store traffic, Internet sales, response to holiday catalog, and infomercial.

He cuts $1.32 fourth-quarter earnings per share estimate to 96 cents. He says, in his view, the company experienced big volatility in sales during the holiday season mostly due to issues with product deliveries.

Tangun notes many new products had a very strong sell-through, which is encouraging for the next year and beyond.


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus