General Merchandise Stores

Piper Jaffray has lowered the price target on Big Lots (NYSE: BIG) from $37 to $36 and maintains its Neutral rating.

Target Corporation (NYSE: TGT) announces the selection of its initial group of Zellers sites, representing 105 locations in all 10 provinces across Canada. The vast majority of these store sites will become Target stores after securing the necessary construction approval for extensive renovation...

If you're thinking about investing in the retail sector, you may want to think again. The retail sector of the stock market has caused pain to a lot of investors in recent years, and was one of the worst performers in the fall of 2008, as many companies closed their doors never to reopen again....

Shares of 99 Cents Only Stores (NYSE: NDN) are lower on the session by 0.64%, trading at $20.24. Overall put volume is now running at 7.20x the daily average, with 15% of all puts traded being purchases on the offer. 1,835 contracts have traded on the session so far. 99 Cents Only Stores is a...

H.J. Heinz Co (NYSE: HNZ) reported its fourth-quarter profit at $223.9 million, or $0.70 per share, up from $192.4 million, or $0.61 per share, in the year-earlier period. Its income from continuing operations climbed to $0.69 per share from $0.60 per share. Breaking out closing costs of $0.02 per...

Bank of America removed its investment opinion on 99¢ Only Stores (NYSE: NDN). In a research report published today, Bank of America states, "We have removed the investment opinion on the company's stock. Investors should no longer rely on our previous opinions or price objectives." At the...

Pre-open movers US stock futures are flat this morning, as investors are awaiting data on jobless claims and first-quarter economic growth. Futures on the Dow Jones Industrial Average surged 18 points to 12,369.00 and futures on the S&P 500 stock index rose 1.90 points to 1,318.50. Nasdaq 100...

According to Wedbush, 99 Cents Only Stores (NYSE: NDN) Neutral rating is maintained. Wedbush said that fiscal Q4 EPS of $0.25 (vs. $0.24 LY) was slightly below its/consensus $0.27/$0.26 forecast. “For non-Texas core operations, gross margin was down 50 bps to 40.3%, due to higher product costs (40...

Big Lots Inc (NYSE: BIG) reported a 6% decline in its fiscal first-quarter profit and lowered its earnings guidance for the year on Thursday. Big Lots reported its quarterly profit at $52.5 million, down from $55.9 million, in the year-earlier period. Its sales dropped 0.6% to $1.23 billion. The...

US stock futures are higher this morning, as investors are awaiting data on jobless claims and first-quarter economic growth. Futures on the Dow Jones Industrial Average surged 29 points to 12,380.00 and futures on the S&P 500 stock index rose 2.70 points to 1,319.30. Nasdaq 100 futures gained...

Big Lots Inc (NYSE: BIG) is projected to report its Q1 earnings at $0.69 per share on revenue of $1.23 billion. Fred's Inc (NASDAQ: FRED) is expected to post its Q1 EPS at $0.24 on revenue of $485.05 million. Tiffany & Co (NYSE: TIF) is projected to report its Q1 EPS at $0.57 on revenue of $...

Bill Ackman is speaking at the Ira Sohn Investment Conference today. Ackman runs the multi-billion dollar hedge fund Pershing Square Capital Management. According to the widely watched fund manager, shares of Family Dollar (NYSE: FDO) are undervalued. He said that the company has an attractive...

99 Cents Only Stores (NYSE: NDN) believes that revenue growth in fiscal 2012 will primarily result from new store openings and increases in same-store sales. For fiscal 2012, the Company expects same-store sales to be positive in low single digits and plans to open at least 16 stores with most of...

After taking profits in all my positions except for Family Dollar (FDO), which included NFLX (+5.3%), GLD (+0.6%), ANV (+1.9%), and CMI (+3.2%), I decided to get into Schlumberger (SLB) at $84.17. I like the trade a lot and has the potential to make a run to $88 in the very short-term. I've also...

Deutsche Bank provided color on Dollar Tree (NASDAQ: DLTR) after a meeting with its management. In a research report published today, Deutsche Bank remained optimistic about Dollar Tree's outlook. It did not upgrade its rating from Hold or increase its price target from $65, however. In the report...