Analyst Update: Five Below, Dillard's, Atara Biotherapeutics

Analysts adjusted their ratings on Five Below Inc (NASDAQ:FIVE), Dillard's, Inc. (NYSE:DDS), and Atara Biotherapeutics Inc (NASDAQ:ATRA)

Jun 4, 2015 at 1:33 PM
facebook twitter linkedin


Analysts are weighing in on retailers Five Below Inc (NASDAQ:FIVE) and Dillard's, Inc. (NYSE:DDS), as well as drugmaker Atara Biotherapeutics Inc (NASDAQ:ATRA). Here's a quick roundup of today's brokerage notes on FIVE, DDS, and ATRA.

  • FIVE is popping today -- up 8.2% at $37.98 -- after the firm's better-than-expected first-quarter results and upwardly revised full-year forecast received a round of applause from the brokerage bunch. Dougherty, for example, raised its price target by $5 to $45, while Barclays boosted its target price to $44 from $42. Wells Fargo, meanwhile, said Five Below Inc's "growth story is back on track," and should continue to improve. Since late April, FIVE has been sandwiched between support at its 60-day moving average and resistance at its 32-day trendline, but thanks to today's gap, the security is on pace to close north of its 320-day moving average for the first time since Jan. 8. Meanwhile, it appears option traders were betting on a post-earnings slide. The stock's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.64 ranks in the 90th annual percentile, meaning puts have been bought to open over calls at a near-annual-high clip.
  • Credit Suisse weighed in on department stores today, downgrading the sector as a whole to "underweight" from "market weight." The brokerage firm also took aim at individual names within the sector, and for DDS, this resulted in a rating cut to "underperform" from "neutral." In response, the shares have tumbled 2.4% to $114.40, and are at risk of closing south of their 320-day moving average for the first time since February 2014. Longer term, Dillard's, Inc. has surrendered nearly 21% since topping out at a record high of $144.21 in mid-April, but option traders have been rolling the dice on a bounce. At the ISE, CBOE, and PHLX, the security's 10-day call/put volume ratio of 1.16 rests higher than 66% of similar readings taken in the past year.
  • Biotechs have been garnering a lot of attention this week, and sector component ATRA saw its price target lifted to $47 from $43 at Jefferies overnight -- sending the stock 4.7% higher today to $42.83. This positive price action is just more of the same for an equity that's surged more than 60% year-to-date. Should Atara Biotherapeutics Inc extend this momentum, another round of price-target hikes could be on the horizon, considering the stock's consensus 12-month price target of $42.67 is roughly in line with current trading levels.
 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 

300x250 - Banner 3 - v1