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BlackRock Inc. acquired a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,973,585 shares of the construction company’s stock, valued at approximately $463,729,000. BlackRock Inc. owned approximately 17.12% of Boise Cascade at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of Boise Cascade by 3.8% during the second quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock worth $284,000 after acquiring an additional 121 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Boise Cascade by 1.0% in the second quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock worth $1,148,000 after purchasing an additional 126 shares during the last quarter. Fifth Third Bancorp boosted its position in Boise Cascade by 77.5% during the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 179 shares during the period. ProShare Advisors LLC grew its stake in shares of Boise Cascade by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 7,329 shares of the construction company’s stock valued at $539,000 after buying an additional 226 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Boise Cascade by 231.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after buying an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Performance NYSE:BCC opened at $82.20 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.71 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $78.34 and its 200 day simple moving average is $76.93. The stock has a market cap of $2.87 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.10. Boise Cascade, L.L.C. has a twelve month low of $65.00 and a twelve month high of $91.97.

Boise Cascade (NYSE:BCC – Get Free Report) last posted its earnings results on Monday, August 3rd. The construction company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.23 by $0.40. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Boise Cascade had a net margin of 1.64% and a return on equity of 5.41%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.64 EPS. As a group, research analysts predict that Boise Cascade, L.L.C. will post 3.86 EPS for the current year. Boise Cascade Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, September 1st. Boise Cascade’s dividend payout ratio is currently 29.83%.

Wall Street Analyst Weigh In Several equities research analysts recently weighed in on BCC shares. The Goldman Sachs Group increased their target price on Boise Cascade from $81.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Zacks Research lowered Boise Cascade from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Truist Financial set a $97.00 price target on shares of Boise Cascade in a report on Wednesday, May 6th. Finally, DA Davidson upped their price objective on shares of Boise Cascade from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.60.

Read Our Latest Analysis on Boise Cascade

Insider Activity In related news, Director Kristopher J. Matula sold 1,930 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $163,239.40. Following the completion of the transaction, the director directly owned 13,982 shares in the company, valued at $1,182,597.56. This trade represents a 12.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by insiders.

Boise Cascade Company Profile (Free Report)

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.

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Vitesse Energy NYSE: VTS outlined its non-operated oil-and-gas investment strategy, emphasizing dividend support, conservative leverage, commodity-price hedging and selective acquisitions across the Williston, Powder River and DJ basins.

Chief Executive Officer Jamie Benard, who joined the Denver-based upstream company on May 1, said Vitesse owns interests in approximately 7,900 wells across the Williston, Delaware and Powder River basins. The company’s business model centers on owning assets, acquiring additional interests, converting those interests into free cash flow and returning capital to shareholders.

“Our dividend is 11% right now,” Benard said, describing the dividend as the company’s top capital-allocation priority. He said Vitesse has reset its annualized dividend at $1.75 and plans to direct cash flow beyond that level toward reinvestment or debt reduction.

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Non-Operator Model and Basin Position Vitesse primarily invests as a non-operator, meaning it pays its proportional share of well costs and receives its share of revenue while operators manage drilling and field operations. Benard said the structure gives Vitesse capital flexibility without requiring the staffing levels of a fully operated exploration-and-production company.

The company holds 53,000 acres in the Williston Basin, which spans North Dakota and Montana, and has expanded its presence into the Powder River Basin, DJ Basin and Delaware Basin. Its average working interest in an individual Williston well is 3.6%, which Benard said limits concentration risk from any single well.

Vitesse also acquired operated assets in the Williston Basin through an acquisition that closed during the first quarter of 2025. Benard said having an operated position gives the company another option to increase activity if needed, while its broader portfolio remains exposed to third-party operators.

The company has completed more than 175 acquisitions since its founding in 2013, according to Benard. He said Vitesse seeks both near-term development opportunities and producing-property acquisitions, but will not pursue transactions that do not meet its return thresholds.

Production guidance is approximately 6,300 to 7,200 barrels of oil equivalent per day. Vitesse targets leverage of less than one times, though it may temporarily exceed that level for an acquisition. Management said it intends to return leverage below one times within six months following such an acquisition. Hedging and Acquisition Discipline Benard said Vitesse evaluates acquisitions using commodity-price strip assumptions and hedges acquired production at closing to lock in expected returns. The company uses swaps and collars and is hedged through 2029.

Ben Messier, director of investor relations and business development, said roughly 70% of the company’s oil production is hedged this year, followed by approximately 50% in 2027, 40% in 2028 and 20% in 2029. The weighted-average hedge price across those years is about $67 per barrel, he said.

Messier said the company’s producing-property acquisitions generally pay out in four to five years. By extending hedges after an acquisition, Vitesse seeks to reduce exposure to commodity-price changes and increase confidence in achieving its expected payout.

Benard said competition has increased for near-term development opportunities, reducing the number of deals Vitesse has won. However, he said the company is willing to walk away when competing bids do not meet its investment criteria.

While Vitesse has evaluated opportunities in the Permian Basin, Benard said entry costs there have been high relative to the company’s return requirements. He said the company has instead found activity in the Williston, Powder River and DJ basins to be less competitive in some cases.

Data Platform and Operating Strategy Benard highlighted Vitesse’s proprietary data-management platform, Luminis, as a key differentiator. He said the system combines public production and completion information with Vitesse’s proprietary well-cost data, allowing the company to evaluate acquisitions and individual well interests more quickly.

According to Benard, the platform can perform underwriting and historical performance reviews in minutes, compared with several days at companies where he previously worked. The system also includes regional type curves and an artificial-intelligence chatbot that can analyze well performance, payouts and returns.

Vitesse has cost information from the wells in which it participates, including drilling and completion costs incurred by different operators, Benard said. He added that centralizing the information helps the company’s accounting, engineering and geoscience teams work from the same data set.

Benard said longer horizontal well laterals across the industry are also improving capital efficiency. While longer laterals may not produce the same initial production volumes as shorter wells on a volumetric basis, he said they can support higher production levels after initial declines flatten and reduce the capital required to sustain production.

The CEO said Vitesse does not intend to pursue growth for its own sake. Instead, the company plans to grow methodically through transactions and investments that are accretive to its dividend, free cash flow and net asset value. Benard also noted that insider ownership is approximately 20% following Vitesse’s 2023 spinoff from Jefferies.

About Vitesse Energy (NYSE:VTS)Vitesse Energy NYSE: VTS is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.

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BlackRock Inc. acquired a new stake in Kennametal Inc. (NYSE:KMT – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,566,208 shares of the industrial products company’s stock, valued at approximately $440,446,000. BlackRock Inc. owned about 16.49% of Kennametal as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in KMT. Deutsche Bank AG purchased a new stake in Kennametal in the second quarter valued at $9,166,000. Bank of New York Mellon Corp purchased a new position in shares of Kennametal during the 2nd quarter worth $33,949,000. State of Wyoming purchased a new position in shares of Kennametal during the 2nd quarter worth $1,027,000. GSA Capital Partners LLP acquired a new stake in shares of Kennametal during the 2nd quarter worth about $1,187,000. Finally, Summit Global Investments acquired a new stake in shares of Kennametal during the 2nd quarter worth about $1,434,000.

Insiders Place Their Bets In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the transaction, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. This trade represents a 54.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,000 shares of company stock worth $1,583,326 in the last ninety days. 1.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth A number of research analysts have commented on the stock. UBS Group decreased their target price on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $31.00 to $27.00 in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. DA Davidson dropped their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. cut their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $34.07. Check Out Our Latest Stock Report on Kennametal

Kennametal Stock Performance NYSE KMT opened at $29.26 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The company has a market cap of $2.23 billion, a P/E ratio of 6.65, a P/E/G ratio of 0.29 and a beta of 1.36. The stock has a 50-day moving average of $33.58 and a two-hundred day moving average of $36.01. Kennametal Inc. has a 1-year low of $20.35 and a 1-year high of $43.81.

Kennametal (NYSE:KMT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million for the quarter, compared to analysts’ expectations of $725.74 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

Kennametal Company Profile (Free Report)

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company’s product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.

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American Capital Management Inc. purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 99,930 shares of the technology company’s stock, valued at approximately $13,764,000. American Capital Management Inc. owned approximately 0.14% of Jack Henry & Associates as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Janus Henderson Group PLC raised its stake in Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Jack Henry & Associates by 160.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after buying an additional 831,372 shares during the last quarter. Norges Bank purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $128,744,000. Bank of New York Mellon Corp purchased a new position in shares of Jack Henry & Associates in the second quarter worth about $87,669,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Jack Henry & Associates by 6,728.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after acquiring an additional 612,444 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance JKHY stock opened at $172.39 on Thursday. The business’s fifty day moving average price is $149.72 and its 200 day moving average price is $150.95. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The company has a current ratio of 1.38, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $12.25 billion, a PE ratio of 24.73, a P/E/G ratio of 1.96 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. During the same quarter last year, the company posted $1.75 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 7.38 EPS for the current year. Jack Henry & Associates Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.01%.

Wall Street Analysts Forecast Growth A number of analysts have commented on the stock. UBS Group increased their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Barclays boosted their target price on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. The Goldman Sachs Group upped their price target on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a report on Friday, May 8th. Finally, Wolfe Research lifted their price objective on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.40.

View Our Latest Report on JKHY

Jack Henry & Associates Company Profile (Free Report)

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.

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Quest Diagnostics Incorporated (NYSE:DGX – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $246.00 and last traded at $243.9570, with a volume of 837684 shares changing hands. The stock had previously closed at $244.39.

Analyst Upgrades and Downgrades A number of brokerages have issued reports on DGX. Wall Street Zen raised Quest Diagnostics from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Quest Diagnostics from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. Truist Financial increased their price objective on shares of Quest Diagnostics from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Mizuho raised their target price on shares of Quest Diagnostics from $235.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Robert W. Baird boosted their target price on shares of Quest Diagnostics from $236.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.31.

Read Our Latest Analysis on Quest Diagnostics

Quest Diagnostics Price Performance The company has a market cap of $26.93 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.25 and a beta of 0.56. The company’s 50-day simple moving average is $220.20 and its 200-day simple moving average is $205.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.59 and a quick ratio of 1.46. Quest Diagnostics (NYSE:DGX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The medical research company reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.30. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Quest Diagnostics had a net margin of 9.18% and a return on equity of 16.01%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.62 earnings per share. Quest Diagnostics has set its FY 2026 guidance at 11.050-11.250 EPS. On average, equities research analysts anticipate that Quest Diagnostics Incorporated will post 11.15 EPS for the current year.

Quest Diagnostics Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 6th will be paid a dividend of $0.86 per share. The ex-dividend date is Tuesday, October 6th. This represents a $3.44 annualized dividend and a dividend yield of 1.4%. Quest Diagnostics’s dividend payout ratio (DPR) is currently 36.52%.

Insider Activity In related news, SVP Karthik Kuppusamy sold 8,147 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $200.00, for a total value of $1,629,400.00. Following the completion of the transaction, the senior vice president owned 13,510 shares of the company’s stock, valued at approximately $2,702,000. This represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO J. E. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $194.14, for a total value of $1,941,400.00. Following the sale, the chief executive officer owned 132,423 shares of the company’s stock, valued at approximately $25,708,601.22. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,747 shares of company stock worth $3,947,088 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On Quest Diagnostics Institutional investors have recently made changes to their positions in the business. Key Financial Inc grew its stake in Quest Diagnostics by 1,728.6% in the first quarter. Key Financial Inc now owns 128 shares of the medical research company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Quest Diagnostics during the second quarter valued at approximately $29,000. Quattro Advisors LLC acquired a new stake in Quest Diagnostics during the fourth quarter valued at approximately $25,000. Sittner & Nelson LLC bought a new position in Quest Diagnostics during the 4th quarter worth approximately $29,000. Finally, DV Equities LLC bought a new position in Quest Diagnostics during the 4th quarter worth approximately $27,000. 88.06% of the stock is owned by institutional investors and hedge funds.

(Get Free Report)

Quest Diagnostics (NYSE: DGX) is a leading provider of diagnostic information services that supports clinical decision-making for patients, physicians and healthcare organizations. The company operates a network of clinical laboratories and patient service centers that perform a broad range of laboratory tests and diagnostic assays used in routine care, disease diagnosis, monitoring and screening.

Its services span core clinical laboratory testing, anatomic pathology, molecular and genomic diagnostics, infectious disease testing and toxicology.

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Bank OZK purchased a new position in Quest Diagnostics Incorporated (NYSE:DGX – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,322 shares of the medical research company’s stock, valued at approximately $3,247,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Quest Diagnostics in the second quarter valued at $1,965,923,000. Bank of America Corp DE bought a new stake in Quest Diagnostics in the second quarter worth about $410,151,000. Norges Bank acquired a new stake in Quest Diagnostics in the 4th quarter valued at about $229,522,000. Boston Partners boosted its position in shares of Quest Diagnostics by 32.8% during the 3rd quarter. Boston Partners now owns 4,036,881 shares of the medical research company’s stock valued at $767,978,000 after purchasing an additional 997,033 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in shares of Quest Diagnostics by 95.5% in the 4th quarter. EdgePoint Investment Group Inc. now owns 1,661,072 shares of the medical research company’s stock worth $288,246,000 after purchasing an additional 811,320 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In Several research firms recently commented on DGX. Argus set a $260.00 target price on shares of Quest Diagnostics in a research note on Wednesday, July 29th. Barclays upped their price target on Quest Diagnostics from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Truist Financial increased their price objective on Quest Diagnostics from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Friday, July 24th. UBS Group raised their price objective on Quest Diagnostics from $220.00 to $232.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Quest Diagnostics from $220.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Quest Diagnostics presently has a consensus rating of “Moderate Buy” and an average target price of $235.31.

Read Our Latest Research Report on DGX Insider Buying and Selling In related news, SVP Karthik Kuppusamy sold 8,147 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $200.00, for a total transaction of $1,629,400.00. Following the transaction, the senior vice president directly owned 13,510 shares of the company’s stock, valued at approximately $2,702,000. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO J. E. Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $194.14, for a total transaction of $1,941,400.00. Following the completion of the transaction, the chief executive officer owned 132,423 shares in the company, valued at approximately $25,708,601.22. This represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 19,747 shares of company stock worth $3,947,088. 0.88% of the stock is owned by company insiders.

Quest Diagnostics Stock Performance Shares of Quest Diagnostics stock opened at $244.48 on Friday. The stock has a market cap of $26.98 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.26 and a beta of 0.56. The business has a fifty day simple moving average of $223.00 and a 200-day simple moving average of $206.84. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.72. Quest Diagnostics Incorporated has a 12 month low of $171.18 and a 12 month high of $247.19.

Quest Diagnostics (NYSE:DGX – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The medical research company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.30. Quest Diagnostics had a return on equity of 16.01% and a net margin of 9.18%.The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the business earned $2.62 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Quest Diagnostics has set its FY 2026 guidance at 11.050-11.250 EPS. On average, sell-side analysts anticipate that Quest Diagnostics Incorporated will post 11.15 EPS for the current fiscal year.

Quest Diagnostics Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Tuesday, October 6th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 6th. Quest Diagnostics’s dividend payout ratio (DPR) is currently 36.52%.

Quest Diagnostics Profile (Free Report)

Quest Diagnostics (NYSE: DGX) is a leading provider of diagnostic information services that supports clinical decision-making for patients, physicians and healthcare organizations. The company operates a network of clinical laboratories and patient service centers that perform a broad range of laboratory tests and diagnostic assays used in routine care, disease diagnosis, monitoring and screening.

Its services span core clinical laboratory testing, anatomic pathology, molecular and genomic diagnostics, infectious disease testing and toxicology.

See Also Five stocks we like better than Quest Diagnostics Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?

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Key Takeaways Arm Holdings is expected to post 21% revenue growth and 23% adjusted EPS growth in fiscal Q2.AI, data-center and smartphone demand could lift royalties as advanced architectures support licensing.Arm Holdings trades above 93X earnings, far above Synopsys at 24X and Cadence Design Systems at 35X. Arm Holdings (ARM - Free Report) appears positioned to deliver another strong quarter, but its elevated valuation leaves little room for execution missteps.

The Zacks Consensus Estimate for the company’s fiscal second-quarter revenues is $1.37 billion, indicating 21% year-over-year growth. Royalty revenues could accelerate sequentially as artificial intelligence, data-center and smartphone demand support wider adoption of Arm-based technology. Licensing revenues may also benefit from new agreements and customers adopting more advanced architectures.

                                                                     Image Source: Zacks Investment Research

The consensus mark for fiscal second-quarter adjusted earnings stands at 48 cents per share, indicating 23% year-over-year growth. Stronger-than-expected revenues could provide operating leverage and lift adjusted earnings. Full-year earnings could consequently approach $2.20 per share, up 24% year over year. With gross margin exceeding 98% in the fiscal first quarter, operating expenses will remain a crucial determinant of profitability. Research and development investments are likely to rise sharply, while selling, general and administrative costs should also increase.

                                                                      Image Source: Zacks Investment Research

ARM’s financial position remains another notable strength. The company exited the previous quarter with approximately $3.06 billion in cash and no debt. Free cash flow could reach the mid-$1 billion range this year, although that would still represent a yield of only about 0.5% at the current valuation.

Synopsys and Cadence Design Systems Offer Valuation ContextSynopsys (SNPS - Free Report) trades at roughly 24 times forward earnings, while Cadence Design Systems (CDNS - Free Report) commands about 35 times. Although Arm Holdings’ profitability can justify a premium to Synopsys, its multiple of more than 93 times earnings appears excessive. Cadence Design Systems also benefits from durable semiconductor-design demand, yet remains substantially cheaper. Compared with Synopsys and Cadence Design Systems, ARM’s valuation assumes exceptionally favorable growth for years while making the stock vulnerable to a sharp correction and offering investors an inadequate margin of safety.

ARM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Companies will broaden access to work and western wear in select Academy locations

, /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, today announced it has teamed up with Ariat International, the leader in innovative Western and work apparel and footwear, to launch 200 Ariat in-store shops this fall. These new spaces offer an immersive experience, bringing together Academy's value-driven approach with Ariat's Western and work collections. Tailored to each store, the spaces make it easy for customers to explore an expanded assortment of Ariat apparel and accessories, as well as footwear, designed to inspire their next adventure or workday.

"We're excited to bring customers a new way to experience Ariat at Academy. Customers trust us to offer great value without jeopardizing quality and style, and we are proud to expand the availability of Ariat gear in-stores and online at Academy.com," said Matt McCabe, Executive Vice President and Chief Merchandising Officer. "Together, we've built a highly visual endeavor that showcases branded walls, fixtures, tables, and features within a space where shoppers can check out what's new, pick up their Ariat favorites, and prepare for more fun outdoors."

Academy and Ariat are both growing companies and these new in-store experiences give customers even greater access to Ariat's most sought-after footwear and apparel – from authentic Western boots and premium denim to workwear engineered for comfort, durability, and performance.

"For 20 years, Academy has been an incredible partner, helping Ariat reach more customers and grow our brand. We're excited to expand our partnership by bringing Academy shoppers even more of the products they love. With industry-leading comfort, fit, and performance, Ariat delivers the quality Academy customers can rely on every day," said Sharon Carpenter, Vice President of Sales for Ariat International. 

To learn more about Academy Sports + Outdoors, visit Academy.com.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

About Ariat International, Inc. 
Founded in 1993 as "The New Breed of Boot," Ariat was the first to integrate athletic footwear technology into boots for equestrian athletes and western riders. Today, Ariat develops innovative and award-winning performance apparel and footwear for all types of demanding work and outdoor environments. The company takes its name from Secretariat, the greatest racehorse of all time.

Media inquiries:
Meredith Klein, Vice President of Communications
346.826.6615
[email protected]

SOURCE Academy Sports + Outdoors

HealthEquity (HQY - Free Report) reported $350.73 million in revenue for the quarter ended July 2026, representing a year-over-year increase of 7.6%. EPS of $1.24 for the same period compares to $1.08 a year ago.

The reported revenue represents a surprise of +0.14% over the Zacks Consensus Estimate of $350.23 million. With the consensus EPS estimate being $1.19, the EPS surprise was +4.2%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how HealthEquity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total HSA Assets: $37.92 billion versus $37.64 billion estimated by two analysts on average.HSA Assets - HSA investments: $20.55 billion compared to the $20.01 billion average estimate based on two analysts.Total Accounts - CDBs: 7.02 million versus the two-analyst average estimate of 7.05 million.Total Accounts: 17.76 million versus the two-analyst average estimate of 17.64 million.HSA Assets - HSA cash: $17.37 billion compared to the $17.63 billion average estimate based on two analysts.Total Accounts - HSAs: 10.74 million versus 10.59 million estimated by two analysts on average.Revenue- Service: $124.44 million compared to the $121.1 million average estimate based on three analysts. The reported number represents a change of +5.6% year over year.Revenue- Custodial: $175.94 million versus the three-analyst average estimate of $177.7 million. The reported number represents a year-over-year change of +10.1%.Revenue- Interchange: $50.35 million compared to the $50.98 million average estimate based on three analysts. The reported number represents a change of +4.7% year over year.View all Key Company Metrics for HealthEquity here>>>

Shares of HealthEquity have returned +0.3% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

An EV maker on the rebound, a Sun Belt landlord facing fresh headwinds, and a clinical-stage biotech sitting on pivotal pipeline data have all landed on analysts' radars this week for very different reasons.

Three distinct sectors are drawing fresh analyst attention this week, spanning apartment REITs, electric vehicles and clinical-stage biotech. TD Cowen upgraded Rivian Automotive (NASDAQ:RIVN | RIVN Price Prediction) to Buy from Hold and raised its price target to $20, citing a detailed demand analysis for the upcoming R2 SUV. Truist maintained its Buy rating on Mid-America Apartment Communities (NYSE:MAA) but trimmed its price target to $142 from $146, pointing to near-term job market headwinds. Meanwhile, RBC Capital nudged its price target on Design Therapeutics (NASDAQ:DSGN) to $14 from $13 on an Outperform rating, with key pipeline data expected in the second half of 2026.

Together, the moves reflect a market still weighing macro pressures against company-specific catalysts.

Ticker Company Name Firm Old Rating New Rating Old Target New Target One-Line Takeaway RIVN Rivian Automotive TD Cowen Hold Buy $17 $20 R2 demand potential and post-selloff valuation drive the upgrade MAA Mid-America Apartment Communities Truist Buy Buy $146 $142 Buy maintained but near-term labor market softness warrants caution DSGN Design Therapeutics RBC Capital Outperform Outperform $13 $14 Pipeline progress and H2 2026 data readouts underpin the raised target The Analyst’s Case Rivian: TD Cowen’s upgrade rests on a proprietary demand analysis for the R2 SUV, projecting full-scale annual volumes of 212,000 to 335,000 units — well above what the broader analyst community is currently modeling for 2027. With Rivian stock down roughly 17.18% year to date, TD Cowen characterized the selloff as creating an attractive risk/reward profile at current levels. First deliveries of the R2 are targeted for Q2 2026, which gives the upgrade a clear near-term catalyst to watch.

MAA: Truist kept its Buy rating intact but acknowledged that weaker-than-expected national job growth is likely to weigh on near-term apartment revenue in MAA’s Sun Belt markets. The long-term thesis remains: as new apartment supply slows, fundamentals should gradually recover. The trim from $146 to $142 reflects a more measured timeline for that recovery rather than a change in conviction on the underlying business.

Design Therapeutics: RBC Capital’s incremental target raise to $14 reflects continued confidence in the company’s GeneTAC small-molecule platform and execution on its pipeline. Two programs are on track for data readouts in H2 2026: DT-216p2 targeting Friedreich’s ataxia and DT-168 targeting Fuchs Endothelial Corneal Dystrophy. RBC Capital’s raised target reflects a view that the risk/reward profile has modestly improved as the company moves closer to those milestones.

Company Snapshot and Recent Performance Rivian traded around $16.08 on Wednesday, Aug. 26, sitting well below its 52-week high of $22.69 but comfortably above its 52-week low of $12.39. The company posted its first full-year positive gross profit in Q4 2025, generating $120 million in quarterly gross profit and $144 million for the full year.

MAA shares traded around $132.12 on Aug. 26, down more than 5% year to date and off 7.36% over the past year. In 2026, same-store NOI growth is expected in a range of -1.70% to +0.30% for the year. On the positive side, resident turnover hit a record low of 40.2%, and MAA pays an annual dividend of $6.12 per share, translating to a yield of roughly 4.56% at current prices.

Design Therapeutics trade around $15.64 on Aug. 26, up nearly 72% year to date and nearly triple where it traded a year ago, with a 189.19% one-year gain. The company remains pre-revenue. Cash and investments of $219.84 million provide a runway the company says extends into 2029.

Why the Move Matters Now The consensus analyst price target for MAA suggests the stock is modestly undervalued relative to where the analyst community collectively sees fair value. Truist’s revised $142 target is slightly below that consensus, reflecting a more cautious near-term view. The backdrop matters: the national unemployment rate ticked up to 4.4% as of February 2026, up from 4.3% in January, a trend that can soften household formation and apartment demand in the near term.

For Rivian, TD Cowen’s $20 target implies meaningful upside from the current price of $15.87, and the R2 launch timeline in Q2 2026 gives investors a concrete catalyst within months. The consensus analyst target for RIVN stands at $17.88, making TD Cowen’s $20 target one of the more bullish on the Street.

For Design Therapeutics, the analyst community is uniformly constructive: Five analysts rate the stock Buy or Strong Buy, with zero Holds, Sells or Strong Sells. The consensus

Key Risks to Watch MAA: If job growth continues to soften and new apartment supply takes longer than expected to normalize, same-store NOI could come in at the low end of guidance or below. The 2026 same-store NOI range of -1.70% to +0.30% already reflects this uncertainty. Rivian: The R2 launch is critical, but any production delays, weaker-than-expected consumer demand, or further erosion of EV tax incentives could undermine the upgrade thesis quickly. The company’s adjusted EBITDA guidance of -$2.10 billion to -$1.80 billion for 2026 underscores that profitability remains a multi-year journey. Design Therapeutics: Clinical-stage biotech carries binary risk by definition. Negative or inconclusive Phase 1/2 data for DT-216p2 in H2 2026 could sharply reset the stock’s valuation, regardless of the cash position or pipeline breadth. This is not personalized financial advice. 247wallst.com and its writers do not own the stocks mentioned. Always do your own due diligence before investing.

Contact [email protected] for any questions or corrections.

A month has gone by since the last earnings report for Mid-America Apartment Communities (MAA - Free Report) . Shares have lost about 3.4% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Mid-America Apartment Communities due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

Mid-America Apartment Q2 FFO Misses Estimates as Same-Store NOI FallsMid-America Apartment reported second-quarter 2026 core FFO per share of $2.08, missing the Zacks Consensus Estimate of $2.10. The metric declined 3.3% from the year-ago quarter.

Rental and other property revenues increased 1% year over year to $555.13 million but missed the consensus mark of $555.97 million.

Same-store NOI fell 1%, though blended lease-rate growth improved to 0.7% amid steady demand.

MAA's Same-Store Portfolio Remains Under PressureSame-store revenues declined 0.3% year over year, while property operating expenses increased 0.8%. The combination drove a 1% decrease in same-store NOI. Same-store NOI totaled $316.22 million, down from $319.50 million a year earlier.

Average effective rent per unit slipped 0.2% to $1,688. Average physical occupancy was 95.3%, reflecting continued pressure from elevated apartment deliveries across several of MAA’s Sunbelt markets.

Mid-America Apartment Sees Better Leasing TrendsLeasing indicators showed sequential improvement despite the decline in property-level earnings. Effective blended lease-rate growth reached 0.7%, improving 20 basis points year over year and 100 basis points from the first quarter.

Effective new-lease pricing declined 5.3%, but that marked a 170-basis-point sequential improvement. Renewal lease rates increased 5.2%, helping offset weaker pricing on new leases.

Resident turnover remained historically low at 39.6%. Move-outs associated with residents purchasing single-family homes represented only 10.9% during the quarter, supporting occupancy and renewal demand.

Mid-America Apartment Advances Development PipelineMAA ended the quarter with six development projects totaling 1,749 units. Expected development costs were $597.50 million, of which $360.36 million had been funded, leaving $237.14 million of expected spending.

The company completed MAA Plaza Midwood in Charlotte, NC, and began construction of a 263-unit community in Kansas City, MO. It also completed the initial lease-up of MAA Cathedral Arts in Dallas.

Five lease-up projects contained 1,759 units and were 74.4% occupied at quarter-end. Costs incurred on those communities totaled $623.74 million. Management expects four projects to stabilize during the second half of 2026.

Mid-America Apartment Maintains Balance Sheet CapacityMAA ended June with $882.8 million of combined cash and available borrowing capacity. Total debt was $5.69 billion, with an average effective interest rate of 3.9% and an average maturity of six years.

Fixed-rate borrowings represented 86.6% of total debt. Net debt to adjusted EBITDAre was 4.5X compared with 4.3X at the end of 2025.

During the quarter, MAA repurchased 0.4 million shares for $50 million. The company also entered into a delayed-draw term loan with commitments of up to $350 million and had $100 million outstanding at quarter-end.

MAA Updates Its 2026 OutlookMAA narrowed its full-year core FFO guidance range to $8.41-$8.65 per share from $8.37-$8.69. The midpoint remained unchanged at $8.53.

The company reduced its same-store revenue growth outlook to a range of negative 0.2% to positive 0.4%, with a midpoint of 0.1%. Its same-store operating expense growth range was lowered to 1.25%-2.25%, while projected NOI growth was revised to negative 1.7% to negative 0.1%.

For the third quarter, MAA expects core FFO per share of $2.04-$2.16. The $2.10 midpoint reflects anticipated contributions from same-store and non-same-store NOI, partly offset by higher interest expense.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

VGM ScoresCurrently, Mid-America Apartment Communities has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Mid-America Apartment Communities has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Total sales increased 11%, on top of 10% last yearComparable store sales increased 2%, on top of 5% last yearNet income was $184 million, and diluted EPS was $2.88Excluding tariff refunds and certain expenses associated with bankruptcy acquired leases:   Adjusted EPS increased 38% to $2.37, on top of a 39% increase last yearAdjusted EBIT margin increased 100 basis points versus last yearIncreasing full year Adjusted EPS guidance to $11.77 to $11.97 BURLINGTON, N.J., Aug. 27, 2026 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the second quarter ended August 1, 2026.

Michael O’Sullivan, CEO, stated, “We are pleased with our strong financial performance in the second quarter, Total sales grew 11% on top of a strong 10% increase last year. Comp store sales increased 2% on top of 5% last year, for a solid 7% two-year stack. Excluding the impact of tariff refunds, Adjusted EPS grew 38% versus the second quarter of last year, on top of a 39% increase in the prior year. This was driven by a 100 basis point increase in our operating margin. This represented our 15th consecutive quarter of double digit EPS growth, reflecting our ability to consistently convert sales growth into margin expansion and exceptional earnings growth.”

Mr. O’Sullivan continued, “During the second quarter, we received $55 million in tariff refunds. Rather than taking a one-time boost to earnings, we intend to fully invest these refunds back into the business in the back-half of the year, to deliver even sharper values to our shoppers. Over the last few years, the rising cost of living has made life difficult for many customers. At Burlington, we already offer great deals. We plan to use the refunds to make these deals even better.”

Mr. O’Sullivan continued, “Given our intent to invest the refunds in sharper values, we expect the direct impact of tariff refunds to be neutral to full year earnings. That said, we are raising guidance for the full year, passing through our underlying performance beat from Q2. Our updated Fiscal 2026 guidance is for comp growth of 3% to 4% and EPS growth of 16% to 18%.”

Fiscal 2026 Second Quarter Operating Results 

Total sales increased 11% compared to the second quarter of Fiscal 2025 to $2,998 million, while comparable store sales increased 2% compared to the second quarter of Fiscal 2025. Gross margin rate as a percentage of net sales was 46.2% vs. 43.7% for the second quarter of Fiscal 2025, an increase of 250 basis points. Excluding the benefit of $55 million in tariff refunds, merchandise margin expanded 70 basis points, while freight expense increased 10 basis points as a percentage of net sales.Product sourcing costs, which are included in selling, general and administrative expenses (SG&A), were $226 million vs. $209 million in the second quarter of Fiscal 2025. Product sourcing costs include the costs of processing goods through our supply chain and buying costs. SG&A was 34.0% as a percentage of net sales vs 35.2% in the second quarter of Fiscal 2025. Adjusted SG&A, excluding $4 million and $11 million of expenses, respectively, associated with bankruptcy acquired leases, was 26.2% as a percentage of net sales vs. 26.7% in the second quarter of Fiscal 2025. The effective tax rate was 23.9% vs. 26.0% in the second quarter of Fiscal 2025. The Adjusted Effective Tax Rate was 23.6% vs. 26.0% in the second quarter of Fiscal 2025.Net income was $184 million, or $2.88 per share vs. $94 million, or $1.47 per share for the second quarter of Fiscal 2025. Adjusted Net Income, excluding the $41 million after tax benefit of tariff refunds, was $151 million, or $2.37 per share, vs. $110 million, or $1.72 per share for the second quarter of Fiscal 2025; this also excluded $3 million and $8 million, respectively, of expenses in each period, net of tax, associated with bankruptcy acquired leases.  Diluted weighted average shares outstanding amounted to 63.9 million during the quarter compared with 63.9 million during the second quarter of Fiscal 2025. Adjusted EBITDA was $324 million vs. $257 million in the second quarter of Fiscal 2025, which excludes the $55 million benefit of tariff refunds, as well as $4 million and $11 million, respectively, of expenses associated with bankruptcy acquired leases, an increase of 130 basis points as a percentage of sales. Adjusted EBIT was $210 million vs. $162 million in the second quarter of Fiscal 2025, excluding the same amounts, an increase of 100 basis points as a percentage of sales. First Six Months of Fiscal 2026 Results

Total sales increased 12% compared to the first six months of Fiscal 2025. Net income increased 53% compared to the same period in Fiscal 2025 to $299 million, or $4.67 per share vs. $3.05 per share in the prior period. Adjusted EBIT, excluding $12 million and $17 million, respectively, of expenses associated with bankruptcy acquired leases, as well as the $55 million benefit of tariff refunds, was $389 million vs. $314 million in the first six months of Fiscal 2025, an increase of 60 basis points as a percentage of sales. Adjusted Net Income, excluding $9 million and $12 million, respectively, of after-tax expenses associated with bankruptcy acquired leases, as well as the $41 million after-tax benefit of tariff refunds, was $286 million, or $4.46 per share, vs. $217 million, or $3.39 per share for the first six months of Fiscal 2025. Inventory

Merchandise inventories were $1,541 million vs. $1,415 million at the end of the second quarter of Fiscal 2025, a 9% increase, driven by our 149 net new stores and a comparable store inventory increase of 11% compared to the second quarter of Fiscal 2025. Reserve inventory was 43% of total inventory at the end of the second quarter of Fiscal 2026 compared to 50% at the end of the second quarter of Fiscal 2025. Reserve inventory is largely composed of merchandise that is purchased opportunistically and will be sent to stores in future months or next season.  Liquidity and Debt

The Company ended the second quarter of Fiscal 2026 with $1,646 million in liquidity, comprised of $704 million in unrestricted cash and $942 million in availability on its ABL facility.The Company ended the second quarter with $1,914 million in outstanding total debt, including $1,712 million on its Term Loan facility, $186 million in Convertible Notes, and no borrowings on its ABL facility. Common Stock Repurchases

During the second quarter of Fiscal 2026, the Company repurchased 270,279 shares of its common stock under its share repurchase program for $87 million. As of the end of the second quarter of Fiscal 2026, the Company had $218 million remaining on its current share repurchase program authorization. Outlook

Please note that guidance now includes the benefit of $55 million in tariff refunds, which were recognized in the second quarter of fiscal 2026. In addition, guidance also includes the reinvestment of approximately 40% of such refunds in the third quarter and approximately 60% in the fourth quarter of fiscal 2026. Tariff refunds therefore have a neutral impact on full fiscal year 2026 earnings guidance.

Excluding the $55 million planned tariff refund reinvestment, our underlying Fall guidance assumptions for EBIT margin improvement and earnings growth are unchanged versus prior guidance, estimated EBIT margin improvement of 10 to 30 basis points and EPS growth of 7% to 10%. As we noted earlier, we believe it is important to pass on those savings to our customers and drive even stronger value offerings.

For Fiscal Year 2026 (the 52-weeks ending January 30, 2027), the Company now expects:

Total sales to increase in the range of 10% to 11% on top of the 9% increase during Fiscal 2025; this assumes comparable store sales will increase in the range of 3% to 4%, on top of the 2% increase during Fiscal 2025; Capital expenditures, net of landlord allowances, to be approximately $875 million. This excludes any potential costs related to the relocation of our corporate headquarters, which is currently being evaluated. The timing and amount of such relocation expenditures are still uncertain;To open approximately 115 net new stores;  Depreciation and amortization to be approximately $460 million;  Adjusted EBIT margin to increase in the range of 20 to 40 basis points versus Fiscal 2025; excluding $16 million of anticipated expenses associated with bankruptcy acquired leases in Fiscal 2026 and $35 million in Fiscal 2025; Net interest expense to be approximately $55 million;  An Adjusted Effective Tax Rate of approximately 25%; and Adjusted EPS in the range of $11.77 to $11.97, as compared to $10.17 of Adjusted EPS last year; excluding $12 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in Fiscal 2026 and $26 million in Fiscal 2025. This assumes a fully diluted share count of approximately 64 million shares.  For the third quarter of Fiscal 2026 (the 13-weeks ending October 31, 2026), the Company expects:

Total sales to increase in the range of 9% to 11%; this assumes comparable store sales will increase in the range of 1% to 3% versus the third quarter of Fiscal 2025; Adjusted EBIT margin to decrease 80 to 60 basis points versus the third quarter of Fiscal 2025; excluding approximately $2 million of anticipated expenses associated with bankruptcy acquired leases in the third quarter of Fiscal 2026 and $11 million in the third quarter of Fiscal 2025; An Adjusted Effective Tax Rate of approximately 26%; and  Adjusted EPS in the range of $1.60 to $1.70, as compared to $1.80 in Adjusted EPS last year; excluding $2 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in the third quarter of Fiscal 2026 and $8 million in the third quarter of Fiscal 2025.  The Company has not provided a quantitative reconciliation of the forward-looking non-GAAP financial measures presented above to the comparable GAAP measures, because doing so would require estimates for items that are inherently difficult to predict and would involve unreasonable effort. These items may include, among others, costs related to debt amendments, losses on debt extinguishment, impairment charges, and the related tax effects. Some of these items could be significant. 

Note Regarding Non-GAAP Financial Measures

The foregoing discussion of the Company’s operating results includes references to Adjusted SG&A, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings per Share (or Adjusted EPS), Adjusted EBIT (or Adjusted EBIT Margin), and Adjusted Effective Tax Rate. The Company believes these supplemental measures are useful in evaluating the performance of our business and provide greater transparency into our results of operations. In particular, we believe that excluding certain items that may vary substantially in frequency and magnitude from what we consider to be our core operating results are useful supplemental measures that assist investors and management in evaluating our ability to generate earnings and leverage sales, and to more readily compare core operating results between past and future periods. These non-GAAP financial measures are defined and reconciled to the most comparable GAAP measures later in this document.    

Second Quarter 2026 Conference Call

The Company will hold a conference call on August 27, 2026 at 8:30 a.m. ET to discuss the Company’s second quarter results. The U.S. toll free dial-in for the conference call is 1-800-715-9871 (passcode: 3814903) and the international dial-in number is 1-646-307-1963. A live webcast of the conference call will also be available on the investor relations page of the company's website at www.burlingtoninvestors.com.

For those unable to participate in the conference call, a replay will be available after the conclusion of the call on August 27, 2026 beginning at 11:30 a.m. ET through September 3, 2026 11:59 p.m. ET. The U.S. toll-free replay dial-in number is 1-800-770-2030 and the international replay dial-in number is 1-609-800-9909. The replay passcode is 3814903.

About Burlington Stores, Inc.

Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2025 net sales of $11.5 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol “BURL.” The Company operated 1,287 stores as of the end of the second quarter of Fiscal 2026 in 47 states, Washington D.C. and Puerto Rico, principally under the name Burlington Stores. The Company’s stores offer an extensive selection of in-season, high-quality branded merchandise at up to 60% off other retailers' prices, including fashion-focused women’s apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats.  

For more information about the Company, visit www.burlington.com.

Investor Relations Contacts:
David J. Glick
Marisa Sharkey
855-973-8445
[email protected] 

Allison Malkin
ICR, Inc.
203-682-8225

Safe Harbor for Forward-Looking and Cautionary Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this release, including those about the external environment, as well as statements describing our outlook for future periods, are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We do not undertake to publicly update or revise our forward-looking statements, except as required by law, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual events or results to differ materially from those we expected, including general economic conditions, such as inflation, and the domestic and international political situation and the related impact on consumer confidence and spending; competitive factors, including the scale and potential consolidation of some of our competitors, rise of e-commerce spending, pricing and promotional activities of major competitors, and an increase in competition within the markets in which we compete; seasonal fluctuations in our net sales, operating income and inventory levels; the reduction in traffic to, or the closing of, the other destination retailers in the shopping areas where our stores are located; our ability to identify changing consumer preferences and demand; our ability to meet evolving regulatory requirements and stakeholder expectations regarding environmental, social or governance matters; extreme and/or unseasonable weather conditions caused by climate change or otherwise adversely impacting demand; effects of public health crises, epidemics or pandemics; our ability to sustain our growth plans or successfully implement our long-range strategic plans; our ability to execute our opportunistic buying and inventory management process; our ability to optimize our existing stores or maintain favorable lease terms; the availability, selection and purchasing of attractive brand name merchandise on favorable terms; our ability to attract, train and retain quality employees and temporary personnel in sufficient numbers; labor costs and our ability to manage a large workforce; the solvency of parties with whom we do business and their willingness to perform their obligations to us; import risks, including tax and trade policies, tariffs and government regulations; disruption in our distribution network; our ability to protect our information systems against service interruption, misappropriation of data, breaches of security, or other cyber-related attacks; risks related to the methods of payment we accept; the success of our advertising and marketing programs in generating sufficient levels of customer traffic and awareness; damage to our corporate reputation or brand; impact of potential loss of executives or other key personnel; our ability to comply with existing and changing laws, rules, regulations and local codes; lack of or insufficient insurance coverage; issues with merchandise safety and shrinkage; our ability to comply with increasingly rigorous privacy and data security regulations; impact of legal and regulatory proceedings relating to us; use of social media by us or by third parties at our direction in violation of applicable laws and regulations; our ability to generate sufficient cash to fund our operations and service our debt obligations; our ability to comply with covenants in our debt agreements; the consequences of the possible conversion of our convertible notes; our reliance on dividends, distributions and other payments, advance and transfers of funds from our subsidiaries to meet our obligations; the volatility of our stock price; the impact of the anti-takeover provisions in our governing documents; impact of potential shareholder activism; and each of the factors that may be described from time to time in our filings with the U.S. Securities and Exchange Commission, including under the heading “Risk Factors” in our most recent Annual Report on Form 10-K. For each of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.

 BURLINGTON STORES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(unaudited)
(All amounts in thousands, except per share data)  Three Months Ended Six Months Ended  August 1, August 2, August 1, August 2,  2026 2025 2026 2025 REVENUES:        Net sales$2,997,778 $2,701,026 $5,850,088 $5,201,101 Other revenue 4,485  4,045  8,636  7,991 Total revenue 3,002,263  2,705,071  5,858,724  5,209,092 COSTS AND EXPENSES:        Cost of sales 1,614,011  1,519,629  3,208,815  2,924,720 Selling, general and administrative expenses 1,019,173  949,931  2,008,547  1,817,989 Costs related to debt amendments and inducement charges — —  15,315  112 Depreciation and amortization 114,022  94,810  218,630  186,593 Impairment charges - long-lived assets 3,577  1,580  4,385  2,095 Other income - net (4,156) (1,506) (5,607) (7,016)Interest income (6,140) (4,124) (12,301) (8,834)Interest expense 19,659  17,427  36,154  33,237 Total costs and expenses 2,760,146  2,577,747  5,473,938  4,948,896 Income before income tax expense 242,117  127,324  384,786  260,196 Income tax expense 57,813  33,139  85,738  65,178 Net income$184,304 $94,185 $299,048 $195,018          Diluted net income per common share$2.88 $1.47 $4.67 $3.05          Weighted average common shares - diluted 63,896  63,893  64,022  63,966   BURLINGTON STORES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
(All amounts in thousands)  August 1, January 31, August 2,  2026 2026 2025 ASSETS      Current assets:      Cash and cash equivalents$703,686 $1,232,525 $747,619 Accounts receivable—net 128,087  105,296  111,236 Merchandise inventories 1,541,344  1,311,903  1,414,814 Assets held for disposal 2,579  3,364  417 Prepaid and other current assets 214,546  118,444  299,960 Total current assets 2,590,242  2,771,532  2,574,046 Property and equipment—net 3,389,646  3,164,218  2,836,035 Operating lease assets 3,674,007  3,624,786  3,542,956 Goodwill and intangible assets—net 285,064  285,064  285,064 Deferred tax assets 2,139  2,139  2,248 Other assets 102,757  71,318  68,914 Total assets$10,043,855 $9,919,057 $9,309,263 LIABILITIES AND STOCKHOLDERS' EQUITY      Current liabilities:      Accounts payable$1,108,717 $1,019,152 $1,024,320 Current operating lease liabilities 448,652  425,468  392,865 Other current liabilities 632,393  734,000  656,713 Current maturities of long term debt and other current debt 20,144  70,591  19,896 Total current liabilities 2,209,906  2,249,211  2,093,794 Long term debt 1,893,411  2,011,735  2,019,409 Long term operating lease liabilities 3,543,910  3,497,343  3,406,543 Other liabilities 74,723  75,738  77,097 Deferred tax liabilities 319,657  277,771  265,603 Stockholders' equity 2,002,248  1,807,259  1,446,817 Total liabilities and stockholders' equity$10,043,855 $9,919,057 $9,309,263   BURLINGTON STORES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(All amounts in thousands)
  Six Months Ended  August 1, August 2,  2026 2025 OPERATING ACTIVITIES    Net income$299,048 $195,018 Adjustments to reconcile net income to net cash provided by operating activities        Depreciation and amortization 218,630  186,593 Deferred income taxes 35,564  15,671 Non-cash stock compensation expense 68,416  54,264 Non-cash lease expense (4,917) (2,534)Cash received from landlord allowances 28,257  13,570 Inducement charges 15,315  — Changes in assets and liabilities:    Accounts receivable (23,989) (23,343)Merchandise inventories (229,441) (164,039)Accounts payable 95,486  (17,276)Other current assets and liabilities (177,653) (103,754)Other long term assets and liabilities 2,277  (1,981)Other operating activities 7,631  (1,657)Net cash provided by operating activities 334,624  150,532 INVESTING ACTIVITIES    Cash paid for property and equipment (532,384) (589,241)Lease acquisition costs (5,126) (19,942)Net (removal costs) proceeds from sale of property and equipment and assets held for sale (204) 27,769 Net cash used in investing activities (537,714) (581,414)FINANCING ACTIVITIES    Proceeds from long term debt—ABL Line of Credit —  150,000 Principal payments on long term debt—ABL Line of Credit —  (150,000)Proceeds from long term debt—Term Loan Facility —  495,000 Principal payments on long term debt—Term Loan Facility (8,763) (7,506)Principal payment on long term debt— Convertible Notes (128,638) (156,158)Purchase of treasury shares (222,295) (154,883)Other financing activities 33,947  7,350 Net cash (used in) provided by financing activities (325,749) 183,803 Decrease in cash and cash equivalents (528,839) (247,079)Cash and cash equivalents at beginning of period 1,232,525  994,698 Cash and cash equivalents at end of period$703,686 $747,619   Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Amounts in thousands, except per share data)
  The following tables calculate the Company’s Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBIT, Adjusted SG&A and Adjusted Effective Tax Rate, all of which are considered non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

Adjusted Net Income is defined as net income, exclusive of the following items, if applicable: (i) net favorable lease costs; (ii) costs related to debt amendments and inducement charges; (iii) impairment charges; (iv) amounts related to certain litigation matters; and (v) other unusual or non-recurring expenses, losses, charges or gains, all of which are tax effected to arrive at Adjusted Net Income.

Adjusted EPS is defined as Adjusted Net Income divided by the diluted weighted average shares outstanding, as defined in the table below.

Adjusted EBITDA is defined as net income, exclusive of the following items, if applicable: (i) interest expense; (ii) interest income; (iii) costs related to debt amendments and inducement charges; (iv) income tax expense; (v) depreciation and amortization; (vi) net favorable lease costs (vii) impairment charges; (viii) amounts related to certain litigation matters; and (ix) other unusual or non-recurring expenses, losses, charges or gains.

Adjusted EBIT (or Adjusted Operating Income) is defined as net income, exclusive of the following items, if applicable: (i) interest expense; (ii) interest income; (iii) costs related to debt amendments and inducement charges; (iv) income tax expense; (v) impairment charges; (vi) net favorable lease costs; (vii) amounts related to certain litigation matters; and (viii) other unusual or non-recurring expenses, losses, charges or gains.

Adjusted EBIT Margin (or Adjusted Operating Margin) is defined as Adjusted EBIT divided by net sales.

Adjusted SG&A is defined as SG&A less product sourcing costs, favorable lease costs and amounts related to certain litigation matters.

Adjusted Effective Tax Rate is defined as the GAAP effective tax rate less the tax effect of the reconciling items to arrive at Adjusted Net Income (footnote (f) in the table below).

The Company presents Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBIT (or Adjusted Operating Income), Adjusted EBIT Margin (or Adjusted Operating Margin), Adjusted SG&A and Adjusted Effective Tax Rate, because it believes they are useful supplemental measures in evaluating the performance of the Company’s business and provide greater transparency into the results of operations. In particular, the Company believes that excluding certain items that may vary substantially in frequency and magnitude from what the Company considers to be its core operating results are useful supplemental measures that assist in evaluating the Company’s ability to generate earnings and leverage sales, and to more readily compare core operating results between past and future periods.

The Company believes that these non-GAAP measures provide investors helpful information with respect to the Company’s operations and financial condition. Other companies in the retail industry may calculate these non-GAAP measures differently such that the Company’s calculation may not be directly comparable.

The following table shows the Company’s reconciliation of net income to Adjusted Net Income and Adjusted EPS for the periods indicated:

 (unaudited) (in thousands, except per share data) Three Months Ended Six Months Ended August 1, August 2, August 1, August 2,  2026 2025 2026 2025 Reconciliation of net income to Adjusted Net Income:        Net income$184,304 $94,185 $299,048 $195,018 Net favorable lease costs (a) 2,047  1,932  3,849  4,070 Costs related to debt amendments and inducement charges (b) — —  15,315  112 Impairment charges - long-lived assets 3,577  1,580  4,385  2,095 Litigation matters (c) —  6,750  750  6,334 Tax effect (f) (655) (2,690) (5,179) (3,290)Adjusted Net Income$189,273 $101,757 $318,168 $204,339 Diluted weighted average shares outstanding (g) 63,896  63,893  64,022  63,966 Adjusted Earnings per Share$2.96 $1.59 $4.97 $3.19 
The following table shows the Company’s reconciliation of net income to Adjusted EBIT and Adjusted EBITDA for the periods indicated:

 (unaudited)  (in thousands)  Three Months EndedSix Months Ended  August 1, August 2, August 1, August 2,  2026 2025 2026 2025 Reconciliation of net income to Adjusted EBIT and Adjusted EBITDA:        Net income$184,304 $94,185 $299,048 $195,018 Interest expense 19,659  17,427  36,154  33,237 Interest income (6,140) (4,124) (12,301) (8,835)Net favorable lease costs (a) 2,047  1,932  3,849  4,070 Costs related to debt amendments and inducement charges (b) — —  15,315  112 Impairment charges - long-lived assets 3,577  1,580  4,385  2,095 Litigation matters (c) —  6,750  750  6,334 Income tax expense 57,813  33,139  85,738  65,178 Adjusted EBIT 261,260  150,889  432,938  297,209 Depreciation and amortization 114,022  94,810  218,630  186,593 Adjusted EBITDA$375,282 $245,699 $651,568 $483,802 
The following table shows the Company’s reconciliation of SG&A to Adjusted SG&A for the periods indicated:

 (unaudited)  (in thousands)  Three Months EndedSix Months Ended  August 1, August 2, August 1, August 2,  2026 2025 2026 2025 Reconciliation of SG&A to Adjusted SG&A:        SG&A$1,019,173 $949,931 $2,008,547 $1,817,989 Net favorable lease costs (a) (2,047) (1,932) (3,849) (4,070)Product sourcing costs (225,886) (208,982) (441,469) (405,829)Litigation matters (c) —  (6,750) (750) (6,334)Adjusted SG&A$791,240 $732,267 $1,562,479 $1,401,756 
The following table shows the reconciliation of the Company’s effective tax rates on a GAAP basis to the Adjusted Effective Tax Rates for the periods indicated:

 (unaudited)  Effective Tax Rates  Three Months Ended Six Months Ended  August 1, August 2, August 1, August 2,  2026 2025 2026 2025          Effective tax rate on a GAAP basis 23.9% 26.0% 22.3% 25.0%Adjustments to arrive at Adjusted Effective Tax Rate (h) (0.3) —  (0.1) 0.1 Adjusted Effective Tax Rate 23.6% 26.0% 22.2% 25.1%
The following table shows the Company’s reconciliation of net income to Adjusted Net Income for the prior period Adjusted EPS amounts used in this press release for the periods indicated:

 (unaudited)  (in thousands, except per share data)  Three Months Ended Fiscal Year Ended  November 1, 2025 January 31, 2026 Reconciliation of net income to Adjusted Net Income:    Net income$104,750 $610,153 Net favorable lease costs (a) 1,891  7,742 Costs related to debt amendments and inducement charges (b)—  112 Impairment charges 3,786  9,857 Litigation matters (c) (2,079) 4,175 Layaway liabilities (d) —  (12,716)Security tags (e) —  11,657 Tax effect (f) (890) (5,297)Adjusted Net Income$107,458 $625,683 Diluted weighted average shares outstanding (g) 64,068  64,126 Adjusted Earnings per Share$1.68 $9.76 
(a) Net favorable lease costs represent the non-cash expense associated with favorable and unfavorable leases that were recorded as a result of purchase accounting related to the April 13, 2006 Bain Capital acquisition of Burlington Coat Factory Warehouse Corporation. These expenses are recorded in the line item “Selling, general and administrative expenses” in our Condensed Consolidated Statements of Income.
(b) Fiscal 2026 amount represents an inducement charge related to the Company's exchange of certain of the 2027 Convertible Notes during the first quarter of Fiscal 2026. Fiscal 2025 amount relates to the settlement of the 2025 Convertible Notes during the first quarter of Fiscal 2025.
(c) Relates to the final settlements and amounts charged for certain litigation matters.
(d) Represents a one-time settlement of certain layaway liabilities on our Fiscal 2025 Consolidated Balance Sheet, resulting in a gain.
(e) Represents a one-time write-off to amortization related to certain merchandise security tags on our Fiscal 2025 Consolidated Balance Sheet.
(f) Tax effect is calculated based on the effective tax rates (before discrete items) for the respective periods, adjusted for the tax effect for the impact of items (a) through (e).
(g) Diluted weighted average shares outstanding starts with basic shares outstanding and adds back any potentially dilutive securities outstanding during the period.
(h) Adjustments for items excluded from Adjusted Net Income. These items have been described in the table above reconciling GAAP net income to Adjusted Net Income.

Bank of New York Mellon Corp bought a new stake in shares of Installed Building Products, Inc. (NYSE:IBP – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 164,338 shares of the construction company’s stock, valued at approximately $37,771,000. Bank of New York Mellon Corp owned about 0.61% of Installed Building Products as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of Installed Building Products in the 3rd quarter valued at about $25,000. NewEdge Advisors LLC increased its stake in Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Installed Building Products during the first quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its position in Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after purchasing an additional 133 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Installed Building Products by 446.7% in the 1st quarter. Parallel Advisors LLC now owns 164 shares of the construction company’s stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling at Installed Building Products In other news, CFO Michael Thomas Miller purchased 990 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $200.62 per share, with a total value of $198,613.80. Following the transaction, the chief financial officer owned 34,209 shares of the company’s stock, valued at $6,863,009.58. This represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.80% of the company’s stock.

Analyst Ratings Changes A number of brokerages recently issued reports on IBP. Stephens lowered their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Truist Financial reduced their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. DA Davidson lifted their price target on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Wells Fargo & Company dropped their price target on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Installed Building Products currently has a consensus rating of “Hold” and an average price target of $249.30. Check Out Our Latest Stock Analysis on Installed Building Products

Installed Building Products Price Performance Shares of IBP stock opened at $246.12 on Friday. The company has a market capitalization of $6.54 billion, a P/E ratio of 26.49, a P/E/G ratio of 4.52 and a beta of 1.70. The company’s 50-day simple moving average is $232.34 and its two-hundred day simple moving average is $254.77. Installed Building Products, Inc. has a one year low of $193.11 and a one year high of $349.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41.

Installed Building Products (NYSE:IBP – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.36. The firm had revenue of $777.80 million during the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.95 earnings per share. As a group, equities analysts anticipate that Installed Building Products, Inc. will post 9.82 EPS for the current year.

Installed Building Products Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is currently 16.79%.

(Free Report)

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.

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Bank of America Corp DE raised its position in Edgewell Personal Care Company (NYSE:EPC – Free Report) by 176.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,344 shares of the company’s stock after purchasing an additional 166,204 shares during the quarter. Bank of America Corp DE owned 0.56% of Edgewell Personal Care worth $5,556,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Edgewell Personal Care by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company’s stock valued at $891,000 after buying an additional 931 shares during the period. Woodline Partners LP purchased a new position in Edgewell Personal Care during the 1st quarter valued at about $2,655,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Edgewell Personal Care by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,127 shares of the company’s stock valued at $3,656,000 after acquiring an additional 16,285 shares in the last quarter. Jane Street Group LLC increased its stake in Edgewell Personal Care by 80.6% during the first quarter. Jane Street Group LLC now owns 81,179 shares of the company’s stock worth $2,534,000 after purchasing an additional 36,239 shares during the period. Finally, Norges Bank purchased a new stake in Edgewell Personal Care during the second quarter worth about $214,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several research analysts have recently commented on EPC shares. Royal Bank Of Canada raised their price objective on shares of Edgewell Personal Care from $26.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their target price on shares of Edgewell Personal Care from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. UBS Group raised their price target on shares of Edgewell Personal Care from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Barclays boosted their price target on shares of Edgewell Personal Care from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $31.00 price objective on Edgewell Personal Care in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.83.

View Our Latest Analysis on EPC Edgewell Personal Care Trading Up 0.2% Shares of NYSE:EPC opened at $28.69 on Friday. Edgewell Personal Care Company has a 52 week low of $15.73 and a 52 week high of $29.95. The company’s 50 day moving average is $27.57 and its two-hundred day moving average is $23.18. The company has a market cap of $1.32 billion, a PE ratio of -14.35 and a beta of 0.39. The company has a current ratio of 1.84, a quick ratio of 1.12 and a debt-to-equity ratio of 0.85.

Edgewell Personal Care (NYSE:EPC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. The business had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $574.87 million. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. Edgewell Personal Care has set its FY 2026 guidance at 1.800-2.000 EPS. Equities analysts predict that Edgewell Personal Care Company will post 1.94 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 9th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Edgewell Personal Care’s dividend payout ratio is presently -30.00%.

(Free Report)

Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings’ personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell’s portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.

In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men’s and women’s grooming categories.

See Also Five stocks we like better than Edgewell Personal Care Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far? Want to see what other hedge funds are holding EPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edgewell Personal Care Company (NYSE:EPC – Free Report).

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AWM Investment Company Inc. bought a new position in shares of Progyny, Inc. (NASDAQ:PGNY – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 220,000 shares of the company’s stock, valued at approximately $6,343,000. AWM Investment Company Inc. owned about 0.29% of Progyny at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Progyny in the second quarter worth approximately $334,426,000. Wellington Management Group LLP raised its holdings in Progyny by 260.9% during the 4th quarter. Wellington Management Group LLP now owns 2,243,268 shares of the company’s stock valued at $57,607,000 after buying an additional 1,621,688 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in Progyny by 46.9% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 2,693,393 shares of the company’s stock valued at $45,734,000 after buying an additional 859,289 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Progyny during the 4th quarter valued at $19,917,000. Finally, William Blair Investment Management LLC purchased a new stake in Progyny during the 2nd quarter valued at $16,807,000. 94.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades Several equities analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Progyny in a research note on Monday, May 11th. Canaccord Genuity Group set a $35.00 price target on Progyny in a report on Friday, August 7th. Leerink Partners set a $38.00 price target on Progyny in a report on Wednesday, July 22nd. Zacks Research upgraded Progyny from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company assumed coverage on Progyny in a report on Thursday, August 20th. They issued an “overweight” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.91.

Read Our Latest Research Report on PGNY Progyny Stock Up 1.5% Progyny stock opened at $25.82 on Wednesday. Progyny, Inc. has a twelve month low of $16.10 and a twelve month high of $33.06. The company has a market capitalization of $1.98 billion, a P/E ratio of 28.07, a PEG ratio of 1.85 and a beta of 1.01. The stock’s 50 day moving average is $29.08 and its 200 day moving average is $23.55.

Progyny (NASDAQ:PGNY – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.22. The business had revenue of $350.51 million during the quarter, compared to analysts’ expectations of $349.05 million. Progyny had a net margin of 6.00% and a return on equity of 15.98%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Progyny has set its Q3 2026 guidance at 0.500-0.520 EPS and its FY 2026 guidance at 2.040-2.100 EPS. As a group, equities analysts expect that Progyny, Inc. will post 1.19 EPS for the current year.

Progyny declared that its board has approved a stock repurchase plan on Tuesday, May 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 10.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Progyny In other news, insider Geoffrey Clapp sold 1,530 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $25.58, for a total transaction of $39,137.40. Following the completion of the sale, the insider owned 59,117 shares of the company’s stock, valued at $1,512,212.86. The trade was a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark S. Livingston sold 2,517 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $25.50, for a total value of $64,183.50. Following the completion of the sale, the chief financial officer owned 74,688 shares of the company’s stock, valued at approximately $1,904,544. The trade was a 3.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 13,563 shares of company stock valued at $351,968. 9.90% of the stock is owned by company insiders.

Progyny Profile (Free Report)

Progyny, Inc is a New York-based fertility benefits management company that partners with employers and health plans to design and administer comprehensive family-building programs. The company’s digital health platform integrates clinical expertise, patient support tools and data analytics to help members navigate fertility treatments, from in vitro fertilization (IVF) and egg freezing to surrogacy and adoption. By focusing on outcomes-based care, Progyny aims to improve success rates while controlling costs for its clients.

The core of Progyny’s offering is its proprietary Smart Cycle® benefit, which bundles clinical, emotional and logistical support into a single package.

Further Reading Five stocks we like better than Progyny Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding PGNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Progyny, Inc. (NASDAQ:PGNY – Free Report).

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Beacon Pointe Advisors LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 108,818 shares of the company’s stock, valued at approximately $9,204,000. Beacon Pointe Advisors LLC owned 0.12% of Sprouts Farmers Market as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock worth $25,000 after acquiring an additional 288 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth about $29,000. Bell Investment Advisors Inc bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at about $29,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.5% SFM stock opened at $81.46 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve month high of $141.78. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.01 and a beta of 0.68. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $81.82 and a two-hundred day moving average price of $79.55.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.35 by $0.02. Sprouts Farmers Market had a return on equity of 34.84% and a net margin of 5.58%.The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company posted $1.35 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sprouts Farmers Market has set its Q3 2026 guidance at 1.200-1.240 EPS and its FY 2026 guidance at 5.320-5.400 EPS. Analysts anticipate that Sprouts Farmers Market, Inc. will post 5.55 EPS for the current fiscal year. Insider Transactions at Sprouts Farmers Market In related news, Director Joseph D. O’leary sold 2,597 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the sale, the director directly owned 14,710 shares in the company, valued at $1,214,604.70. This represents a 15.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Konat sold 12,538 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the completion of the sale, the chief operating officer owned 66,119 shares in the company, valued at approximately $5,811,860.10. The trade was a 15.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 58,289 shares of company stock valued at $4,991,405. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes A number of analysts recently issued reports on SFM shares. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and upped their price target for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Finally, Roth Capital set a $82.00 price objective on shares of Sprouts Farmers Market in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.58.

Get Our Latest Stock Analysis on Sprouts Farmers Market

(Free Report)

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.

Read More Five stocks we like better than Sprouts Farmers Market 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop?

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CHICAGO, /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $7 billion in portfolio equity and debt investments, announced the acquisition of Midtown Village, a retail shopping center in Tuscaloosa, Alabama for a purchase price of approximately $94 million.

The property is an open-air retail center totaling approximately 345,000 square feet and is leased to a mix of seasoned necessity anchor tenants as well as complementary apparel, food, and service tenants, with a weighted average lease term of 16+ years. The center is strategically located on the corner of Tuscaloosa's primary commercial intersection and is one of the most visited retail shopping centers in the state, with over 5.7 million annual visits. It is also located 1.5 miles from the University of Alabama's main campus and within one mile of DCH Regional Medical Center, Tuscaloosa's largest regional hospital, providing additional demand drivers.

"Midtown Village offers an attractive enhancement to our retail portfolio," said Allan Swaringen, President and CEO of JLL Income Property Trust. "The enduring demand of this strong tenant roster supports stable operating performance, and the center is well positioned in a thriving submarket with proven traffic. With retail construction and vacancies declining nationally, we anticipate this continued supply-demand imbalance to drive returns for the sector as a whole."

Retail real estate has been a mainstay in the JLL Income Property Trust portfolio since its inception in 2012. With the addition of this investment, grocery-anchored and necessity-driven retail investments comprise 13% of the total $7 billion portfolio, with approximately $900 million in assets across 22 open-air shopping centers.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that owns a growing portfolio of real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.

For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.

JLL INCOME PROPERTY TRUST, INC. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX),

JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.

ABOUT LASALLE INVESTMENT MANAGEMENT | INVESTING TODAY. FOR TOMORROW.

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.8 billion of assets in private and public real estate equity and debt investments as of Q1 2026. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

Forward Looking Statements and Future Results

This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid.

CONTACTS:

Michael Gelobter
LaSalle Investment Management
Email: [email protected]

Doug Allen
Dukas Linden Public Relations
Telephone: +1 646 722 6530
Email: [email protected]

SOURCE JLL Income Property Trust

Key Takeaways REYN expanded gross margin as manufacturing efficiency and pricing offset higher raw-material costs.Commodity headwinds have doubled to $400 million, increasing pressure on profitability and volumes.Cash flow and debt reduction support REYN, but pricing elasticity limits the case for aggressive entry. Reynolds Consumer Products Inc. (REYN - Free Report) is showing better profitability even as commodity inflation remains a major obstacle. Second-quarter 2026 gross margin expanded 180 basis points to 26%, while adjusted EBITDA rose 4.9% year over year to $171 million.

That improvement adds resilience, but it does not remove the central risk. Management now expects about $400 million of annualized commodity headwinds, up from the $200 million estimate cited in April.

Pricing and productivity are doing much of the heavy lifting. Second-quarter revenues increased 0.6% to $944 million and adjusted earnings rose 7.7% to 42 cents per share. Manufacturing efficiencies and supply-chain productivity helped gross profit advance 8.4% to $245 million despite higher raw-material costs.

The trade-off is visible in volumes. Retail volumes declined 5% in the quarter. Reynolds Cooking & Kitchen Essentials took 19 percentage points of pricing to offset commodity costs, while retail volumes fell 8%. Still, segment adjusted EBITDA increased 8.2% to $53 million.

Hefty Home & Tableware shows a similar margin-versus-volume pattern. Revenues fell 10.3% to $217 million and retail volumes dropped 14%, largely because of foam weakness. Adjusted EBITDA nevertheless increased 22.9% to $43 million as manufacturing productivity and lower promotional spending offset weaker volumes.

Hefty Storage & Organization offered a better demand signal. Revenues rose 5.4% to a second-quarter record of $176 million as retail volumes grew 8%. Hefty Waste & Clean-Up revenues slipped 1.3% to $233 million, but retail volumes were flat.

Peer results underscore the importance of cost control. Church & Dwight Co., Inc. (CHD - Free Report) reported second-quarter adjusted gross margin of 45.4%, up 40 basis points, with productivity helping offset inflation. The Clorox Company (CLX - Free Report) reported a 520-basis-point gross margin decline in its fiscal fourth quarter amid lower volume and higher commodity, manufacturing and logistics costs.

Reynolds also improved cash generation. Operating cash flow increased to $173 million in the first six months of 2026 from $147 million a year earlier. The company made a voluntary $50 million debt repayment, while net debt to trailing 12-month adjusted EBITDA remained at 2.1 times.

The outlook keeps the risk-reward balanced. Reynolds raised its 2026 net revenue outlook to growth of 1-3% but maintained adjusted earnings guidance of $1.57-$1.63 per share and adjusted EBITDA guidance of $660-$675 million. Third-quarter revenues are expected to be approximately flat year over year, with adjusted EBITDA projected at $160-$165 million versus $168 million a year earlier.

Valuation is not a major bargain relative to the peer group. REYN trades at 15.5X forward 12-month earnings, compared with 15.2X for the Zacks sub-industry. Its five-year median multiple is 16.9X.

Image Source: Zacks Investment Research

The bottom line is that better margins and productivity support the investment case, but commodity inflation, pricing elasticity and uneven category demand limit the argument for an aggressive entry. The company has protected profitability, yet the second-half setup still depends on pricing holding without causing too much volume pressure.

REYN currently carries a Zacks Rank #3 (Hold). It has a Value Score of B, Momentum Score of B and VGM Score of B, alongside a Growth Score of C. The B scores are relatively favorable, but the Zacks Rank #3 is not one of the top two ranks typically favored for new purchases. With current-year earnings estimates unchanged over the past four weeks, the stock looks better suited to a measured hold stance than a clear buy call at present.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BlackRock Inc. bought a new stake in e.l.f. Beauty (NYSE:ELF – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,787,329 shares of the company’s stock, valued at approximately $428,262,000. BlackRock Inc. owned 9.82% of e.l.f. Beauty as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG purchased a new position in e.l.f. Beauty in the second quarter worth about $3,365,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $2,375,000. Global Retirement Partners LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $329,000. Bank of New York Mellon Corp bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $23,624,000. Finally, State of Wyoming bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $40,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity In other news, Director Lauren Cooks Levitan sold 1,034 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total transaction of $96,317.10. Following the sale, the director owned 10,516 shares in the company, valued at $979,565.40. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares in the company, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 140,780 shares of company stock valued at $10,091,078 in the last three months. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Down 0.1% Shares of ELF stock opened at $105.90 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company’s fifty day moving average price is $81.10 and its 200-day moving average price is $72.39. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 105.90, a PEG ratio of 3.29 and a beta of 1.58. e.l.f. Beauty (NYSE:ELF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. e.l.f. Beauty’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In Several brokerages recently issued reports on ELF. Bank of America cut their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Jefferies Financial Group lifted their price target on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. UBS Group boosted their price objective on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Raymond James Financial upped their price objective on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.31.

Read Our Latest Report on ELF

About e.l.f. Beauty (Free Report)

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

Further Reading Five stocks we like better than e.l.f. Beauty Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty (NYSE:ELF – Free Report).

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As burnout drives more physicians toward early retirement, many see AI fluency as their best shot at higher earnings

SAN FRANCISCO--(BUSINESS WIRE)--Doximity, Inc. (NYSE: DOCS), the leading digital platform for U.S. medical professionals, today announced new data indicating that physicians are finding an unexpected source of optimism in AI. Rather than viewing the technology as a threat, nearly a quarter expect it to increase their total compensation within the next year, and two-thirds believe staying current with AI will give them a meaningful earnings edge over peers who don't.

The findings are part of Doximity’s annual Physician Compensation Report, which also shows that the physician shortage continues to weigh heavily on daily practice, with 76% of physicians saying it compromised the quality of care they were able to provide in the past year. That strain is showing up in a growing desire to leave medicine altogether as physicians report being overworked, considering a career change, or eyeing early retirement.

“Physicians go into medicine because they’re passionate about helping people,” said Amit Phull, MD, chief medical officer at Doximity. “Then the job compromises that mission. Admin burden. Extreme hours. A system that doesn’t feel built for them anymore. So it’s no surprise they're looking at AI as leverage, not a threat. Our job at Doximity is simple: give them time back through AI that helps them be more productive and provide better care for their patients.”

Report Highlights

Physicians See AI Fluency as the Next Career Advantage

Rather than fearing displacement, physicians are looking to capitalize: 23% expect AI to increase their total compensation within the next 12 months. 67% believe physicians who stay current with AI tools will have a meaningful earnings advantage over colleagues who don't adopt them in the next 12 months. AI Is the New Professional Currency

At least 39% of physicians surveyed said that AI proficiency is a factor in hiring and promotion decisions for their specialty, including 15% who described it as either a “major” or “moderate” factor. Shortage Still Straining Physicians Fuels Career-Exit Intent

85% of physicians said the physician shortage has already affected their clinical practice. 76% said the shortage and other systemic pressures compromised the quality of care they provided in the past 12 months. In a June 2026 Doximity poll of more than 600 physicians, 82% reported being overworked. Among overworked physicians, 66% are considering a career change, including 46% eyeing early retirement, up from 34%. Broader Compensation Trends

Average physician compensation rose 2% in 2025, down from 3.7% growth the year prior, continuing a trend of moderating pay growth. The gender pay gap held steady at 26% for the second consecutive year, with men earning a nominal $122,276 more than women on average. The pay gap between primary care physicians and specialists widened this year: surgical specialists now earn 90.1% more than primary care physicians, up from 87.3% in 2024. With over 85% of U.S. physicians as members, Doximity brings together one of the nation’s largest physician compensation datasets with workforce surveys, recruiting activity, staffing trends, and insights into AI adoption. The 2026 Physician Compensation Report features new survey findings from June 2026 on how AI is changing physician careers and pay, along with salary data from Doximity’s compensation dataset of more than 23,000 responses collected in 2025.

Read the full 2026 Physician Compensation Report here.

About Doximity

Founded in 2010, Doximity is the leading digital platform for U.S. medical professionals. The company’s network members include more than 85% of U.S. physicians across all specialties and practice areas. Doximity provides its verified clinical membership with digital tools built for medicine, enabling them to collaborate with colleagues, stay current on medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. With new AI-powered clinical reference and search capabilities, Doximity also helps doctors access trusted, peer-reviewed information and medical literature. Doximity’s mission is to help doctors be more productive so they can provide better care for their patients.

More News From Doximity

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Urban Outfitters (NASDAQ:URBN) on Wednesday posted mixed results for the second quarter.

The company posted second-quarter adjusted earnings of $1.72 per share, missing market estimates of $1.73 per share. The company’s sales came in at $1.662 billion versus estimates of $1.635 billion.

“We are pleased to report our highest adjusted profit quarter in Company history, marking our eighth consecutive quarter of record sales and profits. These results were driven by positive Retail segment ‘comps’ at every brand and continued double-digit growth in our Wholesale and Subscription segments,” said Richard A. Hayne, Chief Executive Officer. “Our customers continue to respond favorably to our fashion assortments. This gives us confidence in URBN’s ongoing success.”

Urban Outfitters shares fell 4.6% to trade at $79.11 on Thursday.

These analysts made changes to their price targets on Urban Outfitters following earnings announcement.

Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and raised the price target from $75 to $80. UBS analyst Jay Sole maintained the stock with a Neutral and raised the price target from $80 to $82. Considering buying URBN stock? Here’s what analysts think:

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, /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the second quarter ended June 30, 2026.

Second Quarter Highlights

Energy storage shipments of 3.7 GWh to internal and external projects under execution, exceeding guidance of 2.8 GWh to 3.2 GWh. Net revenues of $1.2 billion, at the high end of $1.0 billion to $1.2 billion guidance. Gross margin of 13.9%, in line with guidance of 13% to 15%. Officially opened the first phase of the flagship HJT solar cell factory in Jeffersonville, Indiana. Published the 2025 Sustainability Report on June 1, 2026, highlighting new milestones and disclosure updates aligned to global reporting standards. Colin Parkin, CEO of Canadian Solar, said, "We are executing on a multidimensional solar technology roadmap, spanning advanced cell innovations to next-generation applications. In the near to midterm, U.S. manufacturing remains at the forefront of our strategy. In July, we celebrated the official opening of our state-of-the-art HJT solar cell factory, marking a historic milestone, as Canadian Solar became not only the first commercially operational HJT manufacturer in the United States, but also a meaningful contributor to the local economy and community development. In addition to ramping up the Phase I capacity of 2.1 GWp, we will start installing equipment for Phase II before the end of the year, bringing total nameplate cell capacity to 6.3 GWp in the first half of 2027. This will position CS PowerTech as the largest crystalline silicon cell manufacturer in North America. When combined with our 10 GWp module facility in Texas, CS PowerTech solidifies its position as one of North America's premier integrated PV manufacturers.

During the quarter, shipments within our Manufacturing segment were in line with expectations, with slight operational outperformance in battery energy storage, as we continue to navigate global macroeconomic uncertainties with agility. We delivered 3.1 GW of solar modules, with nearly half shipped to our North American home base. In addition, we achieved 3.7 GWh of energy storage shipments to internal and external projects under execution, serving utility-scale projects across North America, EMEA, Asia Pacific and Latin America. As we double down on our U.S. manufacturing strategy, we continue to rebalance our global project development business and optimize capital allocation across our core growth engines."

Xinbo Zhu, Senior VP and CFO, added, "For the quarter, we achieved total revenue of $1.2 billion with a gross margin of 13.9%. The sequential decrease in gross margin was primarily driven by the absence of a tariff refund recognized in the prior period, alongside normalized energy storage margins. Net loss attributable to shareholders was $77 million, or $1.40 per share, and we ended the period with a cash position of $1.9 billion.

Recurrent Energy's quarterly performance was light, primarily due to the deferral of planned project sales to the second half. Electricity revenue increased sequentially following the COD of a major utility-scale solar project in Spain. Within our global pipeline, we are focusing on quality, prioritizing value realization from mature, high-margin opportunities; pruning less attractive projects; and managing operating expenses to protect profitability."

Second Quarter 2026 Results

Total solar module shipments recognized as revenue in Q2 2026 were 3.1 GW, up 25% quarter-over-quarter ("qoq") and down 60% year-over-year ("yoy").

Total battery energy storage shipments recognized as revenue in Q2 2026 were 3.7 GWh, up 82% qoq and up 73% yoy. Of the total, 471 MWh were shipped to internal projects under execution, with associated revenue to be recognized in subsequent quarters.

Net revenues were $1.2 billion in Q2 2026, up 12% sequentially and down 29% yoy. The sequential increase reflects higher sales of solar modules and battery energy storage solutions, partially offset by lower project sales. The yoy decrease reflects a decline in solar module and project sales.

Gross profit was $168 million, compared to $271 million in Q1 2026 and $505 million in Q2 2025. Gross margin was 13.9%, compared to 25.1% and 29.8% in Q1 2026 and Q2 2025, respectively. The sequential and yoy decrease in gross margin was primarily due to the absence of IEEPA tariff refund benefits recognized in the previous quarter and the absence of the release of unrealized profit upon sales-type leasing of a U.S. project in Q2 2025.

Operating expenses were $240 million, compared to $198 million in Q1 2026 and down from $378 million in Q2 2025. The sequential increase reflects higher ramp-up costs and logistics costs. The yoy decrease is mainly due to decrease in impairment charges related to certain solar and storage assets, as well as manufacturing assets. Operating expenses represented 19.8% of revenue, compared to 18.4% in Q1 2026 and 22.3% in Q2 2025.

Net loss attributable to Canadian Solar in accordance with generally accepted accounting principles in the United States of America ("GAAP") in Q2 2026 was $77 million, or a net loss of $1.40 per share, compared to a net loss of $32 million, or a net loss of $0.71 per share, in Q1 2026, and a net income of $7 million, or a net loss of $0.08 per share, in Q2 2025. Net income or loss per diluted share includes the dilutive effect of convertible bonds, as applicable, and paid-in-kind dividends on the Recurrent Energy redeemable preferred shares.

Net cash flow used in operating activities in Q2 2026 was $181 million, driven by changes in working capital, compared to net cash flow used in operating activities of $209 million in Q1 2026 and net cash flow provided by operating activities of $189 million in Q2 2025.

Total debt, including financing liabilities, was $7.1 billion as of June 30, 2026, including $4.1 billion, $2.5 billion, and $0.4 billion related to Recurrent Energy, Manufacturing, and convertible notes, respectively. Total debt increased from $6.8 billion as of March 31, 2026, mainly due to new non-recourse debt drawdown for construction of solar and battery energy storage projects under Recurrent Energy in the U.S. Total non-recourse debt under Recurrent Energy as of June 30, 2026, was $2.6 billion.

Business Segments

Canadian Solar's business is organized into two segments:

Manufacturing, comprising CS PowerTech, which focuses on the manufacture and sales of solar products, battery energy storage products, and other power technology products for the U.S. market, and CSI Solar, which serves all other global markets; and Recurrent Energy, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. Manufacturing

Solar Modules and Solar System Kits

The Company shipped 3.1 GW of solar modules and solar system kits to more than 70 countries and regions in Q2 2026.

Consistent with the Company's transition from volume-driven growth to high-value creation, the Company will focus its capacity disclosure on strategic markets rather than aggregate global manufacturing capacity.

In the U.S., the Company operates a 5 GWp solar module factory in Mesquite, Texas, which is currently being expanded to a nameplate capacity of 10 GWp, with completion expected in the second half of 2026.

The Company is also continuing to advance its flagship, state-of-the-art heterojunction technology ("HJT") solar cell factory in Jeffersonville, Indiana. In response to strong customer demand, the Company is in the process of increasing its production capacity beyond 6 GWp, with additional production lines being installed and commissioned through 2026.

Phase I: A ribbon-cutting ceremony was held in July 2026. Phase I has a nameplate capacity of 2.1 GWp and is the first commercial-scale HJT solar cell facility in the U.S. Phase II: The Company expects to begin trial production for Phase II in the first quarter of 2027. This expansion will add 4.2 GWp of capacity, bringing the Company's total solar cell nameplate capacity in the U.S. to 6.3 GWp. e-STORAGE: Battery Energy Storage Solutions

As of June 30, 2026, e-STORAGE contracted backlog, including contracted long-term service agreements, stood at $3.5 billion. These signed orders represent binding customer commitments and provide significant earnings visibility over a multi-year period.

Recurrent Energy

As of June 30, 2026, the Company had a total global solar project development pipeline of approximately 22 GWp and a battery energy storage project development pipeline of 84 GWh.

The business model consists of three key drivers:

Electricity revenue from the operating portfolio to drive stable, diversified cash flows in growth markets; Asset sales, including selective sales of operating assets and development-stage projects, to manage cash flow and debt levels, and to fund growth in the operating portfolio; and Power services (O&M) through long-term operations and maintenance ("O&M") contracts, currently with 15 GW of contracted projects, to drive stable and long-term recurring earnings and synergies with the project development platform. Project Development Pipeline – Solar

As of June 30, 2026, the Company's total solar project development pipeline was 21.7 GWp, including 1.7 GWp under construction, 2.2 GWp of backlog, and 17.7 GWp of projects in advanced and early-stage development. The pipeline includes projects that may be retained for long-term ownership and operation or sold to third parties, depending on market conditions and capital allocation priorities. The pipeline stages are defined as follows:

Backlog projects are late-stage projects that have passed their risk cliff date and are expected to start construction within the next one to four years. A project's risk cliff date is the date on which it passes the last high-risk development stage and varies by country. Typically, this occurs after the project has received all required environmental and regulatory approvals, and entered into interconnection agreements and offtake contracts, including feed-in tariff ("FIT") arrangements and power purchase agreements ("PPAs"). A significant majority of backlog projects are contracted (i.e., have secured a PPA or FIT), and the remainder have a reasonable likelihood of securing PPAs. Advanced pipeline projects are mid-stage projects that have secured or are assessed by the Company as having a high likelihood of securing an interconnection agreement. Early-stage pipeline projects are early-stage projects managed by the Company that are in the process of securing interconnection. Although the magnitude of the Company's project development pipeline provides an indication of current development activity, it is not a predictor of future owned generation or storage assets, revenue growth, or operating results. The Company may elect to sell, transfer, or otherwise monetize projects at various stages of development, and as a result, not all pipeline projects are expected to contribute to the Company's long-term owned asset base. The development of projects in the Company's pipeline is inherently uncertain. If the Company does not successfully complete the pipeline projects in a timely manner, it may not realize the anticipated benefits of those projects to the extent expected, which could adversely affect its business, results of operations, and financial condition. In addition, the Company's guidance and estimates of its future operating and financial results assume the timely completion of certain solar and battery energy storage projects under construction or in backlog. If the Company is unable to execute on its projects under construction and in backlog, it may fail to meet its guidance, which could adversely affect the market price of its common shares and its business, results of operations, and financial condition.

The following table presents the Company's total solar project development pipeline.

Solar Project Development Pipeline (as of June 30, 2026) – MWp*

Region

Under
Construction

Backlog

Advanced
Development

Early-Stage
Development

Total

North America

558

226

293

4,573

5,650

Europe, the Middle East, and Africa
("EMEA")

674

1,438

1,012

3,169

6,293

Latin America

-

488

352

5,906

6,746

Asia Pacific

492

56

572

1,858

2,978

Total

1,724

2,208

2,229

15,506

21,667

*Total project pipeline represents the gross MWp size of projects owned by the Company and includes 392 MWp in backlog partially sold
to third parties.

Project Development Pipeline – Battery Energy Storage

As of June 30, 2026, the Company's total battery energy storage project development pipeline was 84.1 GWh, including 600 MWh under construction, 4.4 GWh in backlog, and 79.1 GWh of projects in advanced and early-stage development. The pipeline includes projects that may be retained for long-term ownership and operation or sold to third parties.

The table below sets forth the Company's total battery energy storage project development pipeline.

Battery Energy Storage Project Development Pipeline (as of June 30, 2026) – MWh*

Region

Under
Construction

Backlog

Advanced
Development

Early-Stage
Development

Total

North America

600

-

600

21,840

23,040

EMEA

-

2,665

2,640

26,965

32,270

Latin America

-

93

1,320

10,753

12,166

Asia Pacific

-

1,620

3,281

11,680

16,581

Total

600

4,378

7,841

71,238

84,057

*Total project pipeline represents the gross MWh size of projects owned by the Company and includes 1,496 MWh in backlog partially
sold to third parties.

Business Outlook

The Company's business outlook is based on management's current views and estimates, taking into account factors such as existing market conditions, order book, production capacity, input material prices, foreign exchange fluctuations, the anticipated timing of project sales, and the global economic environment. This outlook is subject to uncertainty with respect to, among other things, customer demand, project construction and sale schedules, product sales prices and costs, supply chain constraints, and geopolitical conflicts. Management's views and estimates are subject to change without notice.

In Q3 2026, the Company expects total revenue to be in the range of $1.3 billion to $1.5 billion. Gross margin is expected to be between 13.5% and 15.5%. Total module shipments recognized as revenue are expected to be in the range of 3.5 GW to 3.8 GW. Total battery energy storage shipments in Q3 2026 are expected to be in the range of 3.4 GWh to 3.8 GWh.

The Company is reiterating its guidance of 6.5 GW to 7.0 GW of solar modules and 4.5 GWh to 5.5 GWh of battery energy storage solutions for the U.S. market in 2026.

Colin Parkin, CEO of Canadian Solar, commented, "We expect margins in the third quarter to remain stable, as we continue to scale our integrated U.S. solar manufacturing strategy, though ramp-up costs associated with our solar cell facility in Jeffersonville, Indiana, will weigh on profitability for the remainder of the year. We anticipate the cadence of U.S. solar and storage shipments to accelerate in the second half, with each quarter of 2026 delivering larger volumes than the last. Meanwhile, at Recurrent, we expect to close the delayed project sales from the second quarter, driving a sequentially stronger third quarter."

Recent Developments

Canadian Solar

On August 18, 2026, Canadian Solar announced the successful resolution of the remaining U.S. patent litigation brought by Maxeon Solar Pte. Ltd. ("Maxeon"). Maxeon's patent infringement lawsuit in the Federal District Court was dismissed with prejudice, and the U.S. Court of Appeals for the Federal Circuit vacated the relevant portion of the Patent Trial and Appeal Board decision in Canadian Solar's favor.

On July 30, 2026, Canadian Solar announced that its U.S.-manufactured TOPCon and HJT Low Carbon HP modules achieved FM Approvals recognition under the FM 4478 and FM 4480 identified component standards, making them the first FM Approvals PV modules listed as identified components for severe hail zones.

On July 14, 2026, Canadian Solar announced that it was named a Tier 1 supplier for both battery energy storage systems and PV modules on S&P Global Energy's Tier 1 Cleantech Companies list. S&P Global Energy's selection criteria span market presence and cumulative equipment shipments; annual market share; scale; global manufacturing diversification; financial performance via key financial indicators, sustainability factors, and more.

On June 24, 2026, Canadian Solar announced that its Baotou ingot facility and Suqian solar cell manufacturing facilities earned Silver Level Solar Stewardship Initiative (SSI) Supply Chain Traceability Certification, becoming the first manufacturer to receive Silver status for both ingot and cell production.

On June 22, 2026, Canadian Solar announced the launch of its new TOPCon 3.0 high-power-density module delivering up to 670 Wp power output and 24.8% conversion efficiency of 24.8% for utility-scale and C&I applications, with mass global shipments scheduled to begin in August 2026.

On June 1, 2026, Canadian Solar announced the publication of its 2025 Corporate Sustainability Report. The sustainability disclosures are aligned with global standards established by the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI), with reference to the International Financial Reporting Standards (IFRS) set by the International Sustainability Standards Board (ISSB).

Manufacturing: CS PowerTech and CSI Solar

On August 13, 2026, Canadian Solar announced its energy storage solutions business, e-STORAGE, successfully completed Large-Scale Fire Testing (LSFT) for its KuBank 3.0 C&I energy storage system under the latest UL 9540A:2026 standard. The test was independently verified by TÜV Rheinland and Energy Safety Response Group (ESRG), and the system has entered mass production for worldwide availability.

On July 24, 2026, Canadian Solar announced that its subsidiary CS PowerTech Inc., the largest silicon PV manufacturer in the U.S., officially launched the first phase of its flagship PV cell manufacturing plant in Jeffersonville, Indiana. The facility is the first plant in the U.S. designed to produce advanced HJT bifacial N-type solar cells. Combined with the Texas module facility, it creates a fully localized supply chain with an expected total annual cell capacity of over 6 GWp.

On June 25, 2026, Canadian Solar announced e-STORAGE signed a supply contract with an electric utility in Florida to supply a 95 MW / 426 MWh DC battery energy storage system (BESS). Featuring its proprietary SolBank 3.0 battery blocks which are fully produced at Canadian Solar's manufacturing facilities, the installation is planned for the second half of 2027, with commercial operations targeted for early 2028.

On June 24, 2026, Canadian Solar announced e-STORAGE will supply a 75 MW / 381 MWh DC BESS to Apex Clean Energy in Branch County, Michigan, co-located with Apex's operating Coldwater Solar facility. Under the agreement, e-STORAGE will deliver an integrated solution combining SolBank 3.0 battery blocks, Power Conversion Systems, and its proprietary EQ‑S Energy Management System, with deliveries scheduled to begin in early 2027 and commercial operation targeted for mid-2027.

On June 23, 2026, Canadian Solar announced e-STORAGE will deliver an 8 MW / 40 MWh BESS, co-located at an existing combined-cycle gas power plant in Rizziconi, Calabria, to Axpo. This partnership marks e-STORAGE's first battery storage project in Italy.

Recurrent Energy

On August 13, 2026, Canadian Solar announced that its subsidiary, Recurrent Energy, successfully closed $695 million in project financing and tax equity for its 330 MW Cobalt Solar facility located in Riverside County, California. The debt financing package, totaling approximately $484 million, was led by Mitsubishi UFJ Financial Group, Inc. (MUFG) and Nord/LB, while a parallel $211 million tax equity investment was secured from Wells Fargo. Currently under construction with Blattner Energy serving as the EPC provider, the project is expected to reach commercial operation by the end of 2027.

On August 12, 2026, Canadian Solar announced Recurrent Energy reached commercial operation ahead of schedule for its 150 MWac Carwarp Energy Park near Mildura, Victoria, Australia. Backed by a long-term PPA with Microsoft, the asset incorporates approximately 243,000 high-efficiency Canadian Solar TOPCon modules and holds planning and grid approvals to incorporate a hybrid 120 MW BESS.

On July 6, 2026, Canadian Solar announced an executive leadership transition at Recurrent Energy. Mr. Dylan Marx was appointed Chief Executive Officer, succeeding Mr. Ismael Guerrero, who will remain as a non-executive advisor through December 31, 2026.

Conference Call Information

The Company will hold a conference call on Thursday, August 27, 2026, at 8:00 a.m. U.S. Eastern Time to discuss the Company's second quarter 2026 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.) or +1-201-389-0920 from international locations. The conference ID is 13762069. A live webcast of the conference call will also be available via the webcast link on the investor relations section of Canadian Solar's website.

A replay of the call will be available after the conclusion of the call until 11:00 p.m. U.S. Eastern Time on Thursday, September 10, 2026, and can be accessed by dialing +1-844-512-2921 (toll-free from the U.S.) or +1-412-317-6671 from international locations. The replay pin number is 13762069. A webcast replay will also be available via the webcast link on the investor relations section of Canadian Solar's website.

About Canadian Solar Inc.

Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 180 GW of premium-quality solar photovoltaic modules to customers across the world. Through its energy storage solutions business e-STORAGE, Canadian Solar has shipped over 23 GWh of battery energy storage solutions to global markets and had a contracted backlog of $3.5 billion as of June 30, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.4 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes approximately 22 GWp of solar and 84 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the markets for solar power and battery energy storage; our growth strategies, future business performance, and financial condition; our ability to sustain our project development and balance long-term asset ownership with selective project sales; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, and policy support schemes, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, offtake and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks are described in the Company's filings with the Securities and Exchange Commission, including its latest annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

FINANCIAL TABLES FOLLOW

The following tables provide unaudited select financial data for the Company's Manufacturing and Recurrent Energy businesses.

Select Financial Data – Manufacturing and Recurrent Energy

Three Months Ended and As of June 30, 2026

(In Thousands of U.S. Dollars)

Manufacturing

Recurrent
Energy

Elimination
and
unallocated
items

Total

Net revenues 

$           1,097,535

$        117,306

$       (7,127)

$      1,207,714

Cost of revenues

966,977

81,335

(9,073)

1,039,239

Gross profit

130,558

35,971

1,946

168,475

Operating expenses

179,932

55,341

4,261

239,534

Loss from operations

(49,374)

(19,370)

(2,315)

(71,059)

Other segment items (1)

3,719

Loss before income taxes and
     equity in losses of affiliates

(67,340)

Supplementary Information:

Interest expense

$             (14,657)

$       (41,913)

$         (7,054)

$         (63,624)

Interest income

10,645

10,388

10

21,043

Depreciation and amortization,
     included in cost of revenues and
     operating expenses

111,918

15,855

—

127,773

Cash and cash equivalents

$           1,344,189

$       74,939

$         42,120

$       1,461,248

Restricted cash – current and non-
     current

248,584

140,524

—

389,108

Non-recourse borrowings

—

2,622,080

—

2,622,080

Other short-term and long-term
     borrowings

2,407,554

1,320,796

28,000

3,756,350

Convertible notes – non-current

—

—

420,063

420,063

Green bonds – current

—

147,995

—

147,995

Select Financial Data – Manufacturing and Recurrent Energy

Six Months Ended June 30, 2026

(In Thousands of U.S. Dollars)

Manufacturing

Recurrent
Energy

Elimination
and
unallocated
items

Total

Net revenues 

$           2,047,197

$      256,538

$       (18,143)

$      2,285,592

Cost of revenues

1,640,293

235,084

(29,080)

1,846,297

Gross profit

406,904

21,454

10,937

439,295

Operating expenses

329,461

101,077

6,950

437,488

Income (loss) from operations

77,443

(79,623)

3,987

1,807

Other segment items (1)

(60,462)

Loss before income taxes and
     equity in losses of affiliates

(58,655)

Supplementary Information:

Interest expense

$             (29,485)

$       (73,577)

$        (12,932)

$         (115,994)

Interest income

16,897

20,590

214

37,701

Depreciation and amortization,
     included in cost of revenues and
     operating expenses

226,007

32,487

—

258,494

(1) Includes interest expense, net, gain on change in fair value of derivatives, net, foreign exchange loss, net and investment income, net.

The following table summarizes the revenues generated from each product or service.

Three Months
Ended

June 30, 2026

Three Months
Ended

March 31, 2026

Three Months
Ended

June 30, 2025

(In Thousands of U.S. Dollars)

Manufacturing:

Solar modules

$                   589,377

$                 455,117

$               1,022,266

Battery energy storage solutions

425,922

382,758

432,399

Solar system kits

35,575

25,437

73,812

EPC and others

42,970

77,152

61,613

Subtotal

1,093,844

940,464

1,590,090

Recurrent Energy:

Solar power and battery energy storage asset
sales

61,114

88,541

48,091

Power services

20,053

22,416

18,809

Revenue from electricity, battery energy storage
operations and others

32,703

26,457

36,881

Subtotal

113,870

137,414

103,781

Total net revenues

$                1,207,714

$              1,077,878

$              1,693,871

Six Months Ended

June 30, 2026

Six Months Ended

June 30, 2025

(In Thousands of U.S. Dollars)

Manufacturing:

Solar modules

$                                         1,044,494

$                               1,819,688

Battery energy storage solutions

808,680

587,709

Solar system kits

61,012

159,338

EPC and others

120,122

96,650

Subtotal

2,034,308

2,663,385

Recurrent Energy:

Solar power and battery energy storage asset
sales

149,655

120,242

Power services

42,469

35,308

Revenue from electricity, battery energy storage
operations and others

59,160

71,561

Subtotal

251,284

227,111

Total net revenues

$                                      2,285,592

$                             2,890,496

Canadian Solar Inc.

Unaudited Condensed Consolidated Statements of Operations

(In Thousands of U.S. Dollars, Except Share and Per Share Data)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

2026

2026

2025

2026

2025

Net revenues

$    1,207,714

$    1,077,878

$    1,693,871

$      2,285,592

$  2,890,496

Cost of revenues

1,039,239

807,058

1,188,841

1,846,297

2,244,972

Gross profit

168,475

270,820

505,030

439,295

645,524

Operating expenses:

Selling and distribution expenses

74,907

54,281

109,479

129,188

200,246

General and administrative
expenses

152,300

135,472

252,671

287,772

358,322

Research and development
expenses

20,796

20,718

24,719

41,514

49,003

Other operating income, net

(8,469)

(12,517)

(9,272)

(20,986)

(34,675)

Total operating expenses

239,534

197,954

377,597

437,488

572,896

Income (loss) from operations

(71,059)

72,866

127,433

1,807

72,628

Other income (expenses):

Interest expense

(63,624)

(52,370)

(44,807)

(115,994)

(85,294)

Interest income

21,043

16,658

9,920

37,701

22,016

Gain (loss) on change in fair value of
derivatives, net

14,621

4,985

(5,760)

19,606

(14,799)

Foreign exchange loss, net

(23,172)

(33,920)

(7,318)

(57,092)

(11,904)

Investment income, net

54,851

466

1,666

55,317

2,756

Total other income (expenses)

3,719

(64,181)

(46,299)

(60,462)

(87,225)

Income (loss) before income taxes
and equity in losses of affiliates

(67,340)

8,685

81,134

(58,655)

(14,597)

Income tax expense

(16,339)

(16,938)

(34,311)

(33,277)

(11,189)

Equity in losses of affiliates

(2,095)

(5,255)

(2,053)

(7,350)

(6,098)

Net income (loss)

(85,774)

(13,508)

44,770

(99,282)

(31,884)

Less: net income (loss) attributable to
non-controlling interests and
redeemable non-controlling interests

(8,915)

18,585

37,573

9,670

(5,110)

Net income (loss) attributable to
Canadian Solar Inc.

$       (76,859)

$         (32,093)

$          7,197

$         (108,952)

$       (26,774)

Earnings (loss) per share – basic

$             (1.40)

$             (0.71)

$           (0.08)

$             (2.11)

$           (0.77)

Shares used in computation – basic

67,907,507

67,817,714

67,167,296

67,862,859

67,065,556

Earnings (loss) per share – diluted

$              (1.40)

$              (0.71)

$           (0.08)

$              (2.11)

$           (0.77)

Shares used in computation – diluted

67,907,507

67,817,714

67,167,296

67,862,859

67,065,556

Canadian Solar Inc.

Unaudited Condensed Consolidated Statement of Comprehensive Income (Loss)

(In Thousands of U.S. Dollars)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

2026

2026

2025

2026

2025

Net income (loss)

$         (85,774)

$         (13,508)

$          44,770

$         (99,282)

$            (31,884)

Other comprehensive income
(loss), net of tax:

Foreign currency translation
adjustment

33,766

63,355

95,175

97,121

97,266

Gain on changes in fair value of
available-for-sale debt securities

—

—

865

—

361

Loss on commodity cash flow
hedges

(6,200)

—

—

(6,200)

—

Gain (loss) on interest rate swap

461

6,604

(8,148)

7,065

(11,229)

Share of gain (loss) on changes
in fair value of interest rate swap
of affiliate

241

22

(629)

263

(1,861)

Comprehensive income (loss)

(57,506)

56,473

132,033

(1,033)

52,653

Less: comprehensive income
(loss) attributable to non-
controlling interests and
redeemable non-controlling
interests

10,860

35,562

41,855

46,422

1,087

Comprehensive income (loss)
attributable to Canadian Solar
Inc.

$         (68,366)

$           20,911

$            90,178

$         (47,455)

$              51,566

Canadian Solar Inc.

Unaudited Condensed Consolidated Balance Sheets

(In Thousands of U.S. Dollars)

June 30,

December 31,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$              1,461,248

$            1,370,418

Restricted cash

374,655

541,705

Accounts receivable trade, net

908,875

829,957

Accounts receivable, unbilled

260,738

228,393

Amounts due from related parties

11,636

17,959

Inventories

1,656,236

1,133,539

Value added tax recoverable

269,386

252,251

Advances to suppliers, net

173,960

217,871

Derivative assets

5,255

15,002

Project assets

923,493

549,269

Prepaid expenses and other current assets

955,644

822,502

Total current assets

7,001,126

5,978,866

Restricted cash

14,453

28,312

Property, plant and equipment, net

3,554,386

3,376,035

Solar power and battery energy storage systems, net

2,002,785

2,065,498

Deferred tax assets, net

652,962

634,160

Advances to suppliers, net

145,372

104,518

Investments in affiliates

333,784

289,601

Intangible assets, net

29,809

31,981

Project assets

1,195,272

1,481,486

Right-of-use assets

415,301

441,291

Amounts due from related parties

81,480

76,848

Other non-current assets

678,311

663,133

TOTAL ASSETS

$          16,105,041

$         15,171,729

Canadian Solar Inc.

Unaudited Condensed Consolidated Balance Sheets (Continued)

(In Thousands of U.S. Dollars)

June 30,

December 31,

2026

2025

LIABILITIES, REDEEMABLE INTERESTS AND EQUITY

Current liabilities:

Short-term borrowings

$             3,088,993

$            2,389,037

Green bonds

147,995

153,152

Accounts payable

1,038,702

878,827

Short-term notes payable

664,195

939,549

Amounts due to related parties

4,618

7,484

Other payables

981,505

779,198

Advances from customers

213,477

162,586

Derivative liabilities

8,034

6,179

Operating lease liabilities

93,022

26,783

Other current liabilities

590,733

507,594

Total current liabilities

6,831,274

5,850,389

Long-term borrowings

3,289,437

3,621,232

Convertible notes

420,063

195,313

Liability for uncertain tax positions

5,642

5,788

Deferred tax liabilities

303,314

296,719

Operating lease liabilities

267,200

354,508

Other non-current liabilities

747,725

578,152

TOTAL LIABILITIES

11,864,655

10,902,101

Redeemable non-controlling interests

317,797

326,559

Equity:

Common shares

835,718

835,543

Additional paid-in capital

563,135

568,921

Retained earnings

1,372,680

1,481,632

Accumulated other comprehensive loss

(16,195)

(78,125)

Total Canadian Solar Inc. shareholders' equity

2,755,338

2,807,971

Non-controlling interests

1,167,251

1,135,098

TOTAL EQUITY

3,922,589

3,943,069

TOTAL LIABILITIES, REDEEMABLE INTERESTS AND EQUITY

$            16,105,041

$           15,171,729

Canadian Solar Inc.

Unaudited Condensed Statements of Cash Flows

(In Thousands of U.S. Dollars)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

June 30,

2026

2026

2025

2026

2025

Operating Activities:

Net income (loss)

$      (85,774)

$        (13,508)

$       44,770

$     (99,282)

$     (31,884)

Adjustments to net income (loss)

121,641

152,825

366,084

274,466

527,854

Changes in operating assets and liabilities

(216,628)

(347,975)

(222,298)

(564,603)

(571,617)

Net cash provided by (used in) operating
activities

(180,761)

(208,658)

188,556

(389,419)

(75,647)

Investing Activities:

Purchase of property, plant and
equipment and intangible assets

(171,840)

(173,210)

(172,729)

(345,050)

(429,109)

Purchase of solar power and battery
energy storage systems

(22,416)

(20,053)

(219,695)

(42,469)

(348,402)

Other investing activities

56,359

60,176

(55,882)

116,535

(139,779)

Net cash used in investing activities

(137,897)

(133,087)

(448,306)

(270,984)

(917,290)

Financing Activities:

Capital contributions from tax equity
investors in subsidiaries

23,038

—

—

23,038

14,680

Repurchase of shares by subsidiary

—

—

(24,221)

—

(45,625)

Net proceeds from issuance of convertible
notes

—

222,983

—

222,983

43,896

Other financing activities

308,012

114,936

495,276

422,948

1,002,342

Net cash provided by financing activities

331,050

337,919

471,055

668,969

1,015,293

Effect of exchange rate changes

(45,327)

(53,318)

18,985

(98,645)

(22,168)

Net increase (decrease) in cash, cash
equivalents and restricted cash

(32,935)

(57,144)

230,290

(90,079)

188

Cash, cash equivalents and restricted
cash at the beginning of the period

$  1,883,291

$    1,940,435

$  2,033,919

$  1,940,435

$  2,264,021

Cash, cash equivalents and restricted
cash at the end of the period

$  1,850,356

$    1,883,291

$  2,264,209

$  1,850,356

$  2,264,209

SOURCE Canadian Solar Inc.

Deutsche Bank AG purchased a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,798 shares of the software maker’s stock, valued at approximately $5,438,000. Deutsche Bank AG owned approximately 0.06% of HubSpot at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. National Bank of Canada FI lifted its stake in HubSpot by 8.6% in the 3rd quarter. National Bank of Canada FI now owns 379 shares of the software maker’s stock valued at $177,000 after purchasing an additional 30 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of HubSpot by 783.3% during the 2nd quarter. Rakuten Securities Inc. now owns 53 shares of the software maker’s stock worth $30,000 after acquiring an additional 47 shares during the period. Orion Porfolio Solutions LLC boosted its stake in HubSpot by 2.9% in the second quarter. Orion Porfolio Solutions LLC now owns 1,784 shares of the software maker’s stock valued at $994,000 after buying an additional 51 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of HubSpot by 3.3% in the 4th quarter. Elevation Point Wealth Partners LLC now owns 1,738 shares of the software maker’s stock valued at $697,000 after acquiring an additional 55 shares during the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new stake in HubSpot during the 3rd quarter worth approximately $25,000. Institutional investors own 90.39% of the company’s stock.

HubSpot Price Performance NYSE HUBS opened at $243.85 on Tuesday. The business’s fifty day moving average price is $210.81 and its 200-day moving average price is $223.33. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 86.17, a PEG ratio of 2.46 and a beta of 1.19. HubSpot, Inc. has a 1-year low of $169.63 and a 1-year high of $525.51.

HubSpot (NYSE:HUBS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, beating the consensus estimate of $3.02 by $0.24. HubSpot had a net margin of 4.26% and a return on equity of 8.66%. The firm had revenue of $911.74 million for the quarter, compared to the consensus estimate of $898.31 million. During the same period last year, the firm earned $2.19 EPS. The company’s revenue was up 19.8% on a year-over-year basis. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Equities research analysts anticipate that HubSpot, Inc. will post 4.54 EPS for the current year. Analyst Upgrades and Downgrades HUBS has been the subject of several recent analyst reports. Capital One Financial set a $206.00 price objective on shares of HubSpot and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Wolfe Research downgraded HubSpot from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 6th. William Blair cut shares of HubSpot from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $250.00 price objective on shares of HubSpot in a research note on Friday, May 8th. Finally, BNP Paribas Exane cut HubSpot from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Monday, May 11th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, HubSpot currently has an average rating of “Hold” and an average target price of $268.90.

Check Out Our Latest Research Report on HUBS

Insider Activity In other news, Director Gerald Dischler bought 925 shares of the stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $215.93 per share, for a total transaction of $199,735.25. Following the acquisition, the director owned 1,940 shares of the company’s stock, valued at $418,904.20. The trade was a 91.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Erika Ashley Fisher sold 702 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $235.22, for a total transaction of $165,124.44. Following the completion of the transaction, the insider owned 14,581 shares in the company, valued at approximately $3,429,742.82. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,202 shares of company stock valued at $5,477,709. 3.70% of the stock is currently owned by insiders.

HubSpot Profile (Free Report)

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.

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Bank of New York Mellon Corp acquired a new stake in HubSpot, Inc. (NYSE:HUBS – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 252,978 shares of the software maker’s stock, valued at approximately $46,171,000. Bank of New York Mellon Corp owned about 0.49% of HubSpot at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HUBS. Empowered Funds LLC boosted its stake in HubSpot by 88.5% in the first quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after buying an additional 737 shares in the last quarter. NewEdge Advisors LLC raised its stake in HubSpot by 12.1% during the second quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after acquiring an additional 516 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of HubSpot by 4.7% in the second quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after acquiring an additional 1,077 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in shares of HubSpot in the second quarter worth about $34,000. Finally, Alliancebernstein L.P. boosted its stake in shares of HubSpot by 35.0% in the 2nd quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock valued at $209,335,000 after purchasing an additional 97,469 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In Several research analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of HubSpot from an “overweight” rating to a “neutral” rating in a report on Thursday, August 6th. Zacks Research lowered HubSpot from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Wolfe Research cut HubSpot from an “outperform” rating to a “peer perform” rating in a report on Thursday, August 6th. Barclays dropped their target price on HubSpot from $270.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Finally, Oppenheimer lowered HubSpot from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $268.90.

Read Our Latest Report on HubSpot HubSpot Stock Up 8.0% NYSE HUBS opened at $255.93 on Friday. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 90.44, a PEG ratio of 2.57 and a beta of 1.19. HubSpot, Inc. has a twelve month low of $169.63 and a twelve month high of $525.51. The stock has a fifty day simple moving average of $214.72 and a 200 day simple moving average of $223.55.

HubSpot (NYSE:HUBS – Get Free Report) last announced its earnings results on Wednesday, August 5th. The software maker reported $3.26 EPS for the quarter, topping the consensus estimate of $3.02 by $0.24. The firm had revenue of $911.74 million for the quarter, compared to the consensus estimate of $898.31 million. HubSpot had a return on equity of 8.66% and a net margin of 4.26%.The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.19 EPS. HubSpot has set its FY 2026 guidance at 13.230-13.310 EPS and its Q3 2026 guidance at 3.250-3.270 EPS. Research analysts expect that HubSpot, Inc. will post 4.54 earnings per share for the current fiscal year.

Insiders Place Their Bets In other news, Director Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $221.09, for a total value of $1,879,265.00. Following the sale, the director directly owned 85,000 shares of the company’s stock, valued at approximately $18,792,650. This represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerald Dischler acquired 925 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $215.93 per share, with a total value of $199,735.25. Following the completion of the transaction, the director owned 1,940 shares of the company’s stock, valued at $418,904.20. This trade represents a 91.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 26,202 shares of company stock worth $5,477,709. 3.70% of the stock is currently owned by insiders.

HubSpot Company Profile (Free Report)

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.

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Bath & Body Works, Inc. (NYSE:BBWI) will release its second earnings report before the opening bell on Wednesday, Aug. 26.

Analysts expect the Columbus, Ohio-based company to report quarterly earnings of 24 cents per share, down from 37 cents per share in the year-ago period. The consensus estimate for BBWI’s quarterly revenue is $1.50 billion. It reported $1.55 billion last year, according to Benzinga Pro.

On Aug. 7, Bath & Body Works announced the declaration of its regular quarterly dividend of 20 cents per share.

Bath & Body Works shares fell 8.3% to close at $17.58 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

JP Morgan analyst Matthew Boss maintained a Neutral rating and boosted the price target from $22 to $24 on Aug. 18, 2026. This analyst has an accuracy rate of 68%. Citigroup analyst Paul Lejuez upgraded the stock from Neutral to Buy with a price target of $25 on Aug. 18, 2026. This analyst has an accuracy rate of 64%. Goldman Sachs analyst Kate McShane downgraded the stock from Neutral to Sell and cut the price target from $23 to $19 on July 8, 2026. This analyst has an accuracy rate of 69%. Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating with a price target of $22 on July 6, 2026. This analyst has an accuracy rate of 62%. Wells Fargo analyst Ike Boruchow maintained an Overweight rating and increased the price target from $25 to $26 on June 23, 2026. This analyst has an accuracy rate of 72%. Trending

Considering buying BBWI stock? Here’s what analysts think:

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