General Merchandise Stores

Warren Buffett certainly knows a good thing when he sees it. When Buffett, 81, announced earlier in the month he had a position in Dollar General (NYSE: DG), many thought it was a shrew move. After today's earnings beat, it looks like an even shrewder move. The Goodlettsville, Tennessee-based...

Limelight Networks Inc (NASDAQ: LLNW) surged 18.15% to $2.93 in the pre-market session. DG FastChannel Inc (NASDAQ: DGIT) announced its plans to to acquire LLNW's EyeWonder video and rich media advertising unit for around $66 million in cash. Family Dollar Stores Inc (NYSE: FDO) soared 14.90% to $...

Benchmark has published a research report on Big Lots (NYSE: BIG) reiterating their view on the company. In the report, Benchmark wrote, "While Big Lots reported a solid Q2, and maintained the operational outlook for the core US business in the back half, with benefits to EPS through aggressive...

According to Wedbush, Big Lots (NYSE: BIG) price target is raised to $34. Wedbush said that aggressive share repurchases during the quarter benefited EPS by $0.03. “Raising our price target to $34, which assumes the stock should trade at roughly 10x our revised 2012 EPS forecast of $3.48 — at a...

According to Wedbush, Dollar Tree Stores (NASDAQ: DLTR) price target is raised to $76. Wedbush said that Dollar Tree announced a $200-million accelerated share repurchase (ASR) program. “Raising our price target to $76 (from $75), which assumes that DLTR should trade at approximately 16x our...

Piper Jaffray is out with its report today on Big Lots (NYSE: BIG), maintaining Neutral. In its report, Piper Jaffray writes, "We are maintaining our Neutral rating and holding our $35 PT following BIG's Q2 earnings call. While we believe the US business appears to be slowly improving and BIG has...

Wedbush Securities has raised the price target on Dollar Tree Stores (NASDAQ: DLTR) from $75 to $76 and maintains its Outperform rating.

Wedbush Securities has raised the price target on Big Lots (NYSE: BIG) from $32 to $34 and maintains its Neutral rating.

Below are the top discount, variety stores stocks on the NYSE in terms of return on assets. The trailing-twelve-month return on assets at Family Dollar Stores Inc (NYSE: FDO) is 13.37%. FDO's PEG ratio is 1.10. The trailing-twelve-month return on assets at Big Lots Inc (NYSE: BIG) is 12.94%. BIG'...

Goldman Sachs raised its Dollar Tree Stores (NASDAQ: DLTR) price target from $72 to $73 in a research report published today. Goldman Sachs previously gave Dollar Tree Stores a Neutral rating. In the report, Goldman Sach states, "Today's announcement is a reversal of the tone management struck on...

Hormel Foods Corp (NYSE: HRL) reported a 15% rise in its fiscal third-quarter net income and raised its full-year earnings forecast. Hormel reported its quarterly earnings at $98.5 million, or $0.36 per share, up from $85.4 million, or $0.32 per share, in the year-ago period. Its revenue climbed 10...

This is your Benzinga news summary and traders' outlook for Thursday, August 25, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading slightly higher. At last check, Dow futures are up about 25 points and...

Pre-open movers US stock futures are mixed this morning, as investors are awaiting jobless claims data. Shares of Apple Inc (NASDAQ: AAPL) dropped about 2.6% in pre-market trading following the resignation of Chief Executive Officer Steve Jobs. Futures for the Dow Jones Industrial Average gained 23...

Dollar Tree, Inc. (NASDAQ: DLTR) today announced that after market close on August 24, 2011, it entered into an agreement with JPMorgan Chase Bank, National Association, to repurchase $200 million of its common shares under a variable maturity accelerated share repurchase program. Dollar Tree will...

Big Lots Inc (NYSE: BIG) released its results for the fiscal second-quarter on Thursday. Big Lots' net profit for the period came in at $35.7 million, or $0.50 per share, versus $38.9 million, or $0.48 per share, in the year-ago period. Its net sales climbed 2.2% to $1.17 billion. However,...