Fast Money Picks: Dollar Tree, Inc. (DLTR), AK Steel Holding Corporation (AKS), Urban Outfitters (URBN)

On CNBC’s “Fast Money”, Brian Kelly, founder of Brian Kelly Capital said that he would take profits off the table in Dollar Tree, Inc. (DLTR) after the stock printed the tape almost 3% higher on Friday.

In other DLTR news, analysts at Stifel Nicolaus initiated coverage on the name with a ‘Buy’ rating and $64.00 – 12-month base case estimate in a research note issued to clients on Friday.

Dollar Tree, currently valued at $11.63B, has a median Wall Street price target of $62.00 with a high target of $68.00. Approximately 2,233,430 shares changed hands compared to the stock’s average daily volume of 3,479,710.

In the past 52 weeks, shares of the operator of discount stores have traded between a low of $49.59 and a high of $60.19 with the 50-day MA and 200-day MA located at $55.87 and $54.07 levels, respectively. Additionally, shares of DLTR trade at a P/E ratio of 1.26 and have a Relative Strength Index (RSI) and MACD indicator of 54.84 and -0.47, respectively.

DLTR currently prints a one year loss of about 4.00% and a year-to-date return of around 0.27%.

Shares of Dollar Tree closed at $56.58 on Friday.

Options guru Pete Najarian believes that shares of AK Steel Holding Corporation (AKS) can continue to move higher. On Friday AKS printed a higher than average trading volume with the issue trading over 25.4M shares, compared to the average volume of 11,976,100. The stock began trading at $6.12 to finish the session up $0.54 or 9.37% from the prior days close of $5.76. On an intraday basis it got as low as $6.10 and as high as $6.75. AK Steel Holding was upgraded to ‘Buy’ with a $10 price target by research analysts at Nomura in a report released on Friday.

AK Steel Holding is currently valued at $861.83M.

Urban Outfitters, Inc. (URBN) crushed more than 14% after the specialty apparel retailer revealed that Q3 comparable retail segment net sales at its namesake brand are continuing to deteriorate. The company said in a statement that it believes its gross profit margin may deleverage for the 3Q at a rate greater than during the first half of the year. Despite the news and the name’s weakness, Stuart Frankel’s Steve Grasso said he wouldn’t sell at these levels, instead he would try to buy the stock.

Urban Outfitters lost $4.94 to $29.62 during Friday’s trading session. Approximately 16,249,582 shares changed hands, compared to the stock’s average daily volume of 2,241,150 shares.

On valuation-measures, shares of Urban Outfitters Inc. have a trailing-12 and forward P/E of 16.38 and 13.84, respectively. P/E to growth ratio is 1.12, while t-12 profit margin is 8.31%. EPS registers at $1.81. The company has a market cap of $3.98B.

On trading-measure, URBN has a beta of 1.14 and a short float of 7.75%. In the past 52 weeks, shares of Philadelphia, Pennsylvania-based company have traded between a low of $29.11 and a high of $40.67 with the 50-day MA and 200-day MA located at $37.19 and $35.83 levels, respectively.

URBN currently prints a one year loss of about 18.72% and a year-to-date loss of around 20.16%.

Be the first to comment

Leave a Reply

Your email address will not be published.


*