In this article, we take a look at five stocks that are moving on Thursday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are Moving on Thursday.
5. Dollar Tree, Inc. (NASDAQ:DLTR) has risen over 5% today after the Chesapeake, Virginia-based discount retailer received an upward revision in the price target from Krisztina Katai at Deutsche Bank following better than expected Q4 2021 results. The analyst increased the price target from $176 to $180 while maintaining a Buy rating on Dollar Tree, Inc. (NASDAQ:DLTR) stock. Despite missing revenue forecast of $7.12 billion by $40 million, the company reported an EPS of $2.01 as opposed to the analysts’ estimates of $1.77. Furthermore, Dollar Tree, Inc. (NASDAQ:DLTR) issued strong Q1 FY22 EPS guidance of $1.95 to $2.10, higher than the analysts’ forecast of $1.66.
4. The Mosaic Company (NYSE:MOS) is up more than 5% today. The stock price has been hovering around the highest level in the last nine years as the conflict between Russia and Ukraine has disrupted the supply of fertilizer around the world. The CEO of CF Industries Holdings, Inc. (NYSE:CF), Tony Will, said at a conference that the inventories of fertilizer will be “as low as we have ever seen” as we are heading towards the summer season in the Northern hemisphere. The disruption will increase the cost of fertilizer, which will fall on the farmers, and as a result, food prices will further rise at a time when they are already at a decade high. Due to the conflict, there is a shortage of natural gas in Europe, and the sanctions of Belarus will impact its potential to supply 20% of the world’s potash.
3. The Kroger Co. (NYSE:KR) has soared 10% and is at a new 52-week high after the company surpassed revenue and EPS estimates for Q4 2021. The Cincinnati, Ohio-based grocery store operator reported revenue and an adjusted EPS of $33.05 billion and 91 cents, respectively, outperforming the analysts’ estimates of $32.86 billion and 74 cents. The Kroger Co. (NYSE:KR) also provided strong guidance for FY22 as it anticipates adjusted EPS to be around $3.75 to $3.85, higher than the analysts’ estimates of $3.45. Meanwhile, The Kroger Co. (NYSE:KR) is expecting the same-store sales to be around 2% to 3%, as opposed to the consensus estimate of 2.1%. Overall, 41 hedge funds reported owning a stake in The Kroger Co. (NYSE:KR) at the end of Q4 2021.
2. Best Buy Co., Inc. (NYSE:BBY) is 11% up today after the company announced that it anticipates annual sales to cross the peak pandemic levels in FY25. This is on the back of investment in membership programs that have attracted millions of customers towards the Richfield, Minnesota-based electronics retailer. Best Buy Co., Inc. (NYSE:BBY) foresees annual revenue of $53.5 billion to $56.5 billion during FY25, compared to the analysts’ estimates of $53.51 billion. Revenue for FY21 was reported at $51.76 billion. Best Buy Co., Inc. (NYSE:BBY) has provided operating margin guidance of 6.6%. AQR Capital Management was long over 1.3 million shares of Best Buy Co., Inc. (NYSE:BBY) as of Q4 2021.
1. EPAM Systems, Inc. (NYSE:EPAM) has dipped over 10% today after the company withdrew its Q1 and FY22 guidance due to uncertainties created by the Russia and Ukraine conflict. Since February 26, the stock price of Newtown, Pennsylvania-based company has lost over 40% of its value. EPAM Systems, Inc. (NYSE:EPAM) employs over 58,000 employees, out of which 14,000 employees are in Ukraine, and more than 18,000 are in Belarus and Russia. EPAM Systems, Inc. (NYSE:EPAM) has come under serious criticism on social media platforms after its Chairman of the Board and the CEO, Arkadiy Dobkin, promised to provide support to Ukraine but did not condemn the actions undertaken by Russia. As per the data compiled by Insider Monkey, 38 hedge funds had a stake in EPAM Systems, Inc. (NYSE:EPAM), with a cumulative value of over $503 million as of Q4 2021.
You can also take a peek at the 9 Stocks to Invest In According to Joshua Kushner’s Thrive Capital and 10 Stocks For Passive Income In 2022.
