Check out some companies in the spotlight before the market opens. Chewy — The pet retailer’s shares rose more than 2% after Piper Sandler upgraded it to outperform from neutral. Piper Sandler attributes the stock’s rise to gross margin expansion and improved efficiency. Peloton — The connected fitness company’s shares fell about 2.4% the following day after rising about 35% a day earlier following strong quarterly results that reflected a return to sales growth for the first time in nine quarters as a result of cost cutting. Peloton gave a mixed outlook for the year ahead. JPMorgan also downgraded the company’s shares after a sharp rally on Thursday. Warby Parker — The eyewear retailer’s shares rose 6% after JMP Securities upgraded the stock to outperform from market-grade. The firm expects more constructive commentary from Warby Parker’s management in the coming quarters. Las Vegas Sands — The casino and resort company’s shares fell 1.6% after UBS downgraded it to neutral from buy. The investment firm cited continuing challenges in the Macau division’s recovery. BJ’s Wholesale Club — The wholesale retailer rose more than 1% after Wells Fargo upgraded it from equal weight to overweight. The bank believes the company’s strategic shift shows fundamental progress despite disappointing second-quarter results. Bill.com — Shares of the packaged software company rose 3% after the company reported fourth-quarter earnings that beat expectations. Bill.com reported adjusted earnings per share of 57 cents on revenue of $344 million. Analysts surveyed by LSEG were expecting 46 cents per share on revenue of $328 million. The company also announced a $300 million share repurchase plan. Ross Stores — Shares of the off-price retailer rose more than 5%. The company beat expectations for earnings per share of 9 cents and matched revenue expectations of $5.25 billion. Workday — Shares of the human resources management company rose 12.7% after better-than-expected fourth-quarter results. Workday reported adjusted earnings per share of $1.75 on revenue of $2.09 billion. Analysts surveyed by LSEG had expected earnings per share of $1.65 on revenue of $2.07 billion. — CNBC’s Samantha Sabin, Jesse Pound and Pia Singh reported.
PTON, WDAY, CHWY, etc.
