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Earnings Roundup
Thursday, August 18, 2011 - 9:07am | 1563Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...
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UPDATE: Ross Stores Reports Rise In Q2 Profit
Thursday, August 18, 2011 - 8:58am | 89Ross Stores Inc (NASDAQ: ROST) reported a rise in its Q2 profit. Ross Stores reported its quarterly net income at $148.3 million, or $1.28 per share, up from $129.3 million, or $1.07 per share, in the year-ago period. Its total sales climbed 9% to $2.089 billion. However, sales at stores open at...
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Citi Maintains Buy on Foot Locker
Thursday, August 18, 2011 - 8:56am | 91Citi is out with its report today on Foot Locker (NYSE: FL), maintaining Buy. In its report, Citi writes, "We believe FL is well positioned to deliver accelerating EPS on continued comp momentum, gross margin upside (on inventory management and renewed focus on profitability), & robust...
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UPDATE: Stein Mart Reports Drop In Q2 Profit
Thursday, August 18, 2011 - 8:26am | 68Stein Mart Inc (NASDAQ: SMRT) reported a decline in its fiscal second-quarter earnings. Stein Mart reported its quarterly profit at $1.3 million, or $0.03 per share, down from $11.3 million, or $0.25 per share, in the year-ago period. However, analysts were expecting earnings of $0.06 per share....
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UPDATE: Casual Male Reports Upbeat Q2 Profit, Reaffirms FY11 Forecast
Thursday, August 18, 2011 - 8:19am | 103Casual Male Retail Group Inc (NASDAQ: CMRG) reported upbeat second-quarter profit and reaffirmed its forecast for the year. Casual Male reported its quarterly net income at $6.6 million, or $0.14 per share, up from $5.6 million, or $0.12 per share, in the year-ago period. Its sales climbed 4% to...
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UPDATE: Goldman Sachs Raises PT on Abercrombie & Fitch to $90
Thursday, August 18, 2011 - 8:19am | 94Goldman Sachs is out with its report today on Abercrombie & Fitch (NYSE: ANF), raising its PT to $90 from $88. In its report, Goldman Sachs writes, "On 2Q gross margin and a lower tax rate, we raise 2011/12/13E EPS to $3.35/$5.65/$7.64 from $3.27/$5.44/$7.33 (our 3Q total SG&A estimate was...
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UPDATE: Piper Jaffray Raising Price Target On Limited Brands
Thursday, August 18, 2011 - 7:48am | 131Piper Jaffray is out with a research report on Limited Brands Inc. (NYSE: LTD) and is raising its price target to $46 from $45, and reiterating its Overweight rating on shares. In a note to clients, Piper Jaffray writes, "We are reiterating our Overweight rating on LTD shares and raising our...
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UPDATE: Buckle Reports 14% Surge In Q2 Earnings
Thursday, August 18, 2011 - 7:46am | 68Buckle Inc (NYSE: BKE) reported a 14% rise in its fiscal second-quarter earnings. Buckle's quarterly profit climbed to $23.6 million, or $0.50 per share, from $20.7 million, or $0.44 per share, in the year-ago period. However, analysts were expecting earnings of $0.51 per share. Earlier this...
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Benzinga's Top Upgrades
Thursday, August 18, 2011 - 7:40am | 133Robert W. Baird upgraded Abercrombie & Fitch Company (NYSE: ANF) from “neutral” to “outperform.” ANF's shares closed at $64.87 yesterday. Abercrombie & Fitch's PEG ratio is 1.29. Analysts at Goldman Sachs upgraded Tenneco Inc (NYSE: TEN) from “neutral” to “buy.” Tenneco's shares closed at...
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UPDATE: Piper Jaffray Lowering Price Target On Citi Trends
Thursday, August 18, 2011 - 7:36am | 129Piper Jaffray is out with a research report on Citi Trends, Inc. (NASDAQ: CTRN) and it has an Underweight rating and a $10 price target, down from $12. In a note to clients, Piper Jaffray writes, "We are reducing our estimates and price target following the release of FQ2 results on Wednesday...
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A Peek Into The Market Before The Trading Starts
Thursday, August 18, 2011 - 7:31am | 347Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 183 points to 11,198.00 and S&P 500 index futures fell 23.10 points to 1,166.80. Nasdaq 100 futures dropped 44.75 points to 2,130.50. A Peek...
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Piper Jaffray Reiterates Neutral on Chico's FAS
Thursday, August 18, 2011 - 7:25am | 76Piper Jaffray is out with its report today on Chico's FAS (NYSE: CHS), reiterating Neutral. In its report, Piper Jaffray writes, "We remain Neutral on CHS shares given the company's reliance on its loyalty program and concerns about a potential dip in sales should management decide to further...
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UPDATE: Piper Jaffray Raises PT on Hot Topic to $8
Thursday, August 18, 2011 - 7:16am | 90Piper Jaffray is out with its report today on Hot Topic (NASDAQ: HOTT), raising its PT to $8 from $7.50. In its report, Piper Jaffray writes, "In tandem with our estimate revisions, our PT moves from $7.50 to $8/share. Our $8 price target assumes the shares of HOTT can trade on an EV/EBITDA basis...
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The Buckle Announces CFO to Remain with Company
Thursday, August 18, 2011 - 7:03am | 45The Buckle (NYSE: BKE) announced that Karen B. Rhoads will not step down from her position with the Company effective February 1, 2012 and plans to remain with the Company as Vice President of Finance and Chief Financial Officer.
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UPDATE: Stage Stores Reports Q2 Profit of $10.01M, Issues Forecast
Thursday, August 18, 2011 - 6:42am | 101Stage Stores Inc (NYSE: SSI) released its results for the second quarter on Thursday. Stage Stores' quarterly profit declined to $10.01 million, or $0.29 per share, from $10.33 million, or $0.27 per share, in the year-ago period. However, analysts were expecting earnings of $0.30 per share. Stage...