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Barclays Ups DLTR To Overweight
Tuesday, February 15, 2011 - 6:48am | 49Analysts at Barclays upgrade Dollar Tree Inc (NASDAQ: DLTR) from “equal weight” to “overweight.” The target price for DLTR is set to $58. DLTR shares fell 0.08% to close at $50.46 yesterday. More Analyst Ratings here
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Barclays Downgrades BIG To Equal Weight
Tuesday, February 15, 2011 - 6:45am | 51Analysts at Barclays downgrade Big Lots Inc (NYSE: BIG) from “overweight” to “equal weight.” The target price for BIG has been raised from $36 to $42. BIG shares fell 0.46% to close at $41.38 yesterday. More Analyst Ratings here
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Deutsche Bank Sees Potential In 99c Only Stores Following Management Meeting
Monday, February 14, 2011 - 9:42am | 21199c Only Stores (NYSE: NDN) has alluded to testing product above $0.99 in recent calls and it wrote about it after the 3Q11 earnings release. Deutsche Bank came away from its meetings with an increased sense of the potential. Rather than a few items, it now believes that NDN could add as much as...
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Options Brief: Family Dollar Stores, Inc. (FDO)
Friday, February 11, 2011 - 12:56pm | 96Shares of Family Dollar Stores, Inc. (NYSE: FDO) are higher on the session by 0.43%, trading at $44.04. Overall put volume is now running at 2.01x the daily average, with 61% of all puts traded being purchases on the offer. 7,040 contracts have traded on the session so far. Family Dollar Stores,...
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Bill Ackman Added To J.C. Penney's Board (JCP)
Wednesday, February 9, 2011 - 2:17pm | 236Legendary investor Bill Ackman has joined the J.C. Penney (NYSE: JCP) board along with Vornado Realty CEO (NYSE: VNO) Steven Roth. Ackman spoke about what he would like to do with the 108-year old retailer at the Harbor Investment Conference last week, saying he sees vast potential for the...
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Puts Purchased on 99 Cents Only Stores (NDN)
Wednesday, February 9, 2011 - 12:18pm | 123Shares of 99 Cents Only Stores (NYSE: NDN) are lower on the session by 0.25%, currently trading at $16.15. The stock has been moving largely sideways over the past four months, but recently popped above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Wednesday's Put/Call Ratio Leaders (CX, GIL, CIT, SLE, TGT)
Wednesday, February 9, 2011 - 12:10pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Cemex SaB (NYSE: CX) 4,684 puts, 110 calls 2. Gildan Activewear (NYSE: GIL) 3,761 puts, 133 calls 3. CIT Group (NYSE: CIT) 3,333 puts, 315 calls 4. Sara Lee Corp. (NYSE: SLE) 19,841...
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Zings Of The Day (BIG, HBC, TM)
Tuesday, February 8, 2011 - 3:55pm | 137European banks like HSBC (NYSE: HBC) are slowly moving towards reporting earnings every quarter, in an effort to increase transparency. Under the transparency section in their reports it currently needs: none. Big Lots (NYSE: BIG) is attempting to sell itself, as the stock has underperformed the...
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Brian Sozzi Out With Note On Retail M&A (FRED, ARO, AE, CVS, WAG)
Tuesday, February 8, 2011 - 12:37pm | 323Brian Sozzi of Wall Street Strategies is out with a research note discussing his latest potential idea for a retail company to go private. In the note, Sozzi picks Fred's, Inc. (NASDAQ: FRED) as his idea to most likely go public. There has been the continuous rumors that private-equity might bid...
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Big Lots Looking for Possible Sale of the Company - Bloomberg
Monday, February 7, 2011 - 3:58pm | 25Big Lots (NYSE: BIG) looking for strategic alternatives including a possible sale of the company, Bloomberg reports.
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Jobless Claims Yo-Yo Back Down - Analyst Blog
Thursday, February 3, 2011 - 11:31am | 2418Initial Claims for Unemployment Insurance fell by 42,000 last week to 415,000 (last week was revised up by 3,000, so one could see it as a 39,000 decline). This was a bit better than the expected level of 425,000. This is a welcome turnaround, but only partially negates last week's big increase....
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Jobless Claims Yo-Yo Back Down - Analyst Blog
Thursday, February 3, 2011 - 11:15am | 2418Initial Claims for Unemployment Insurance fell by 42,000 last week to 415,000 (last week was revised up by 3,000, so one could see it as a 39,000 decline). This was a bit better than the expected level of 425,000. This is a welcome turnaround, but only partially negates last week's big increase....
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Target January Sales up 1.7%
Thursday, February 3, 2011 - 8:00am | 48Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended January 29, 2011 were $4,383 million, an increase of 2.2 percent from $4,289 million for the four weeks ended January 30, 2010. On this same basis, January comparable-store sales increased 1.7 percent.
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Fred's January Comparable Store Sales up 2.1%
Wednesday, February 2, 2011 - 5:02pm | 92Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month, quarter and year ended January 29, 2011. Fred's total sales for the month increased 3% to $129.1 million from $125.0 million in January 2010. Comparable store sales for the month rose 2.1% compared with a decline of 2....
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99 Cents Only Stores Reports EPS In-Line And Misses Revenue Estimates (NDN)
Wednesday, February 2, 2011 - 4:25pm | 44899 Cents Only Stores today reported Q3 earnings of $0.38/share for December, in-line with Street consensus estimates of $0.38/share. Revenues for the chain rose 1.5% year-over-year to $354.1M versus the Street's $367.9M consensus. 99¢ Only Stores® (NYSE: NDN) announces its financial results for the...