SAN DIEGO, June 11, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Zenas BioPharma, Inc. (NASDAQ: ZBIO) securities pursuant and/or traceable to Zenas BioPharma’s registration statement issued in connection with Zenas BioPharma’s initial public offering (the “IPO”) held on or around September 13, 2024, and were damaged thereby, have until June 16, 2025 to seek appointment as lead plaintiff of the Zenas BioPharma class action lawsuit. Captioned Buathongsri ...

Core Insights - Heritage Insurance Holdings, Inc. (HRTG) shares have surged 96.1% in the past three months, significantly outperforming the industry growth of 0.3%, sector increase of 6.3%, and the Zacks S&P 500 composite rise of 7.1% [1][9] - The company is focusing on profitability through rate adequacy, profit-driven underwriting, and limiting new business in saturated markets [2][3] Company Strategy - HRTG has halted the issuance of new personal lines policies in Florida and the Northeast since December 2022 due to declining returns and a tightening reinsurance market, but has resumed writing new personal lines business with a controlled growth strategy following legislative changes and stabilization in reinsurance pricing [4] - The company's 2025 strategy includes selectively re-entering profitable markets, disciplined capital allocation, and maintaining rate adequacy while leveraging data-driven analytics for effective exposure management [5] Growth Drivers - The excess and surplus (E&S) segment is a key growth driver, with HRTG actively expanding into additional states and enhancing its reinsurance strategy to mitigate hurricane and severe weather risks [6] - HRTG is investing in technology, particularly in the InsurTech space, to improve underwriting expertise and claims processing [7][10] Financial Performance - The Zacks Consensus Estimate for HRTG's earnings in 2025 and 2026 has increased by 33.7% and 17.6%, respectively, over the past 60 days, indicating optimistic growth expectations [11] - HRTG's return on equity in the trailing 12 months was 28.7%, significantly higher than the industry average of 8.3%, reflecting effective utilization of shareholders' equity [14] - The return on invested capital (ROIC) was 19.4%, also above the industry average of 6%, showcasing the company's efficiency in generating income [15] Valuation and Market Position - HRTG's stock is currently trading at a price-to-book multiple of 2.22, which is higher than the industry average of 1.57, indicating it may be overvalued [17] - Despite its premium valuation, the company is considered a strong buy due to its growth potential and strategic focus [20]

Shares of Dave & Buster's Entertainment (PLAY 14.79%) jumped as much as 19.2% on Wednesday, despite a modest earnings report. The stock had cooled down to a 15.4% gain by 1 p.m. ET. Dave & Buster's Q1 by the numbersThe restaurant and video arcade chain saw first-quarter sales fall 3.5% year over year, stopping at $567.7 million. The average Wall Street analyst had expected $573.3 million. On the bottom line, adjusted earnings fell from $1.12 to $0.76 per diluted share. Here, the analyst consensus pointed to ...

Core Insights - NIKE, Inc. views China as a cornerstone of its global growth strategy, with Greater China contributing approximately 15% to total revenues in Q3 fiscal 2025, amounting to $1.7 billion [1][9] Group 1: Performance in Greater China - Greater China revenues decreased by 17% on a reported basis and 15% in constant currency in Q3 fiscal 2025, with NIKE Direct sales falling 11%, NIKE Digital revenues down 20%, and NIKE-owned store revenues dipping 6% [2] - Wholesale performance in Greater China also weakened, showing an 18% year-over-year decline, indicating ongoing consumer and trade pressures [2] Group 2: Long-term Strategy and Initiatives - Despite current challenges, NIKE remains optimistic about Greater China's long-term growth potential and is implementing strategies such as returns and rebates, inventory liquidation, and new product launches to boost market share [3] - The company is customizing product innovation to local tastes, launching culturally relevant marketing campaigns, and forming strategic alliances with Chinese sports and cultural organizations to enhance consumer engagement [4] Group 3: Competitive Landscape - Key competitors in the Chinese market include lululemon athletica and adidas, both of which are also expanding their presence and adapting strategies to local market conditions [5][6][7] - Lululemon reported a 21% revenue increase in Mainland China for Q1 fiscal 2025, while adidas is diversifying its supply chain and launching locally relevant product lines [6][7] Group 4: Financial Performance and Valuation - NIKE shares have declined approximately 15.5% year to date, compared to a 14% decline in the industry [8] - The company trades at a forward price-to-earnings ratio of 32.5X, which is higher than the industry average of 25.76X [10] - The Zacks Consensus Estimate indicates a significant year-over-year earnings decline of 46.1% for fiscal 2025 and 8.7% for fiscal 2026 [11]

SAN FRANCISCO, June 11, 2025 (GLOBE NEWSWIRE) -- Shares in Napco Security Technologies, Inc. (NASDAQ: NSSC) are trading down nearly 21% year-to-date, as the security technology company continues to face heightened scrutiny as it navigates both legal and operational challenges. Most recently, on May 5, 2025, Napco released its third-quarter financial results for fiscal year 2025, revealing mixed performance metrics amid an ongoing securities class action lawsuit that centers on its distribution practices and ...

Truist Securities analyst Joseph Civello reiterated the Hold rating on Academy Sports and Outdoors, Inc. ASO, raising the price forecast from $45 to $47.The Hold rating reflects a conflict between the company’s successful business transformation and the persistent macroeconomic pressures on its key middle-income demographic.While the analyst praised the operational improvements since 2019, he remained cautious that the challenging economic climate will continue to suppress consumer demand longer than broadl ...

Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company's compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023.LAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said Wednesday that he "did a cartwheel" in his living room when current chief executive Brian Niccol first coined his "back to Starbucks" strategy.The enthusiasm from the 71-year-old S ...

American Tower Corporation (NYSE:AMT) Mizuho Technology Conference Call June 11, 2025 9:45 AM ET Company Participants Rodney M. Smith - Executive VP, CFO & Treasurer Conference Call Participants Jennifer Fritzsche - Unidentified Company Jennifer Fritzsche Terrific. For those of you who I don't know, I'm Jennifer Fritzsche, and I sit in the TMT group on the banking side. But in my former life, I was an analyst and had the privilege of covering American Tower for a long, long time. So -- and I'm really excite ...

Chewy, Inc. (CHWY -11.99%) reported its Q1 FY2025 earnings on June 11th, delivering net sales of $3.12 billion (+8.3% year-over-year), adjusted EBITDA of $192.7 million (6.2% adjusted EBITDA margin), and 20.8 million active customers (+3.8% year-over-year). The company exceeded internal forecasts on both growth and profitability, continued disciplined share repurchases, and announced strong incremental progress across core initiatives including AutoShip, Chewy Plus, advertising, and veterinary clinic expans ...

Key Takeaways Synovus is expanding commercial and middle-market banking across South Carolina with seasoned hires. SNV plans a 20-30% hiring boost from 2025-2027 to grow loans, core deposits, and fee income. SNV is enhancing client relationships with talent focused on personalized, community-based banking.Synovus Financial (SNV) is reinforcing its presence in South Carolina by expanding its commercial and middle-market banking operations. The company is prioritizing relationship-driven banking, bringing i ...