Wednesday, May 28, 2014

Michael Kors, Toll Brothers are stocks to watch

SAN FRANCISCO (MarketWatch) — Among the shares expected to see active trade in Wednesday's session are those of Michael Kors Holdings Ltd., Toll Brothers Inc. and Cracker Barrel Old Country Store Inc.

Michael Kors (KORS)  is projected to report fiscal-fourth-quarter earnings of 68 cents a share, according to a consensus survey by FactSet. Analysts at Wedbush reiterated the stock's outperform rating and raised its 12-month price target to $108 from $100.

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Toll Brothers (TOL)  is forecast to post fiscal-second-quarter earnings of 27 cents a share. The stock is rated underperform with a price target of $28 at Sterne Agee.

Cracker Barrel (CBRL)  is expected to report earnings of $1.22 a share in the fiscal third quarter.

DSW Inc. (DSW)  is seen posting first-quarter earnings of 48 cents a share.

Palo Alto Networks Inc. (PANW)  is forecast to report earnings of 10 cents a share in the fiscal third quarter.

Popeyes Louisiana Kitchen Inc. (PLKI)  is expected to report first-quarter earnings of 45 cents a share.

After Tuesday's closing bell, Workday Inc. (WDAY)  reported an adjusted first-quarter loss of 13 cents a share, narrower than the loss of 15 cents a share projected by analysts. Shares of the enterprise cloud-application company rose 6.2% in after-hours trading.

3D Systems Corp. (DDD)  said late Tuesday that is will be offering about 6 million shares in a secondary offering. 3D Systems dropped 4.6% in extended trading.

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