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Economics Of Target’s New Loyalty Program Seem Favorable
Friday, June 4, 2010 - 10:31am | 188Analysts at Jefferies & Co reiterate their "buy" rating on Target (NYSE: TGT). The target price for TGT is set to $64. Target has offered all its REDcard account holders a discount of 5% for purchases at its brick-and-mortar and online stores with effect from late Q3 or early Q4, in time for...
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Company News for May 27, 2010 - Corporate Summary
Thursday, May 27, 2010 - 9:48am | 176• Tiffany (NYSE:TIF) reported first quarter earnings of 50 cents, versus Zacks projections of 36 cents, on a 22.4% revenue gain to $633.6 million, which beat projections of $609 million • Heinz (NYSE:HNZ) beat fiscal fourth quarter earnings by one penny, reporting at 60 cents per share on a 8.3%...
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Big Lots (BIG) Beats Estimates, Raises Guidance
Thursday, May 27, 2010 - 6:56am | 95Retailer Big Lots Inc (NYSE: BIG) on Thursday morning released financial results that beat Wall Street earnings estimates 1 cent. Big Lots Inc reported that is 1st quarter earnings climbed to $55.9 million, or 68 cents per share, up from $36.3 million, or 44 cents per share, a year earlier. A poll...
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99 Cents Only Stores (NDN) Net Income Up 161%
Wednesday, May 26, 2010 - 5:00pm | 118Retailer 99 Cents Only Stores (NYSE: NDN) on Wednesday after the market closed released financial results that easily beat Wall Street earnings expectations. 99 Cents Only Stores reported that its fiscal 4th quarter net income more than doubled to $16.9 million, or 24 cents per share, up from $7...
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Piper Jaffray Reiterates Overweight Rating and Price Target for Big Lots
Wednesday, May 26, 2010 - 3:21pm | 134One day before Big Lots, Inc. (NYSE: BIG) releases its first quarter earnings, Piper Jaffray reiterated its Overweight rating and $41 price target. Although BIG issued a guidance with EPS of $0.60-$0.65, Piper believes they will in fact come in at $0.66, against a consensus of $0.67. BIG's...
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Deutsche Bank Rates Dollar Tree (DLTR) Hold
Wednesday, May 26, 2010 - 10:33am | 142Deutsche Bank Securities analysts Mike Baker and Adam Sindler rated shares of Dollar Tree Inc (Nasdaq: DLTR) a Hold, with a price target of $70 per share. The analysts said that the biggest comp drivers for Dollar Tree Inc included growth in refrigerated and frozen products and the increased...
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Stocks That Crossed 52-Week Highs (AIRT, CBOU, DLTR, ODSY)
Monday, May 24, 2010 - 2:13pm | 195Air T Inc (NASDAQ: AIRT) crossed its earlier 52-week high of $13.24 and created a new 52-week high of $13.40. AIRT announced on Friday that it planned to pay a $0.33 per share annual cash dividend for fiscal 2010 on June 25, 2010 to shareholders as of record June 4, 2010. Caribou Coffee Company...
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DLTR Continues Strong Execution
Friday, May 21, 2010 - 10:48am | 148Analysts at Piper Jaffray reiterate their "overweight" rating on Dollar Tree Inc (NASDAQ: DLTR), while raising their estimates for the company. The target price for DLTR has been raised from $63 to $70. DLTR posted its Q1 EPS above the market expectations. According to the analysts, “the EPS beat...
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Dollar Tree (DLTR) Cut To “Equal-Weight”
Friday, May 21, 2010 - 8:58am | 80Dollar Tree (DLTR) was cut by Morgan Stanley to “equal-weight” from “overweight.” Morgan Stanley does not expect DLTR to exceed the consensus expectations significantly. "We see less room for upside in merchandise gross margins moving forward; therefore the main source for EPS upside would be...
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Benzinga’s Top Upgrades (SBNY, CCL, MPW, MA, FRED)
Friday, May 21, 2010 - 8:27am | 176Signature Bank (NASDAQ: SBNY) was upgraded by FBR Capital from “market perform” to “outperform.” SBNY lost 3.42% to $37.27 yesterday. SBNY’s EPS grew 690.28% sequentially. Goldman upgraded Carnival Corp (NYSE: CCL) from “sell” to “neutral.” Shares of CCL plunged 5.13% to $35.12 yesterday. CCL has a...
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Top 10 Analyst Upgrades and Downgrades (C, DRI, DLTR, FDO, FMCN, NITE, MA, PFE, PG, VLCM)
Friday, May 21, 2010 - 8:19am | 399There are actually fewer pre-market movers than many may have guessed considering how volatile the markets are. Today’s top day trader and active trader alerts are in Brocade Communications Systems Inc. (NASDAQ: BRCD), Dell Inc. (NASDAQ: DELL), Marvell Technology Group Ltd. (NASDAQ: MRVL),...
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Morgan Stanley Downgrades DLTR To Equal Weight
Friday, May 21, 2010 - 8:01am | 43Analysts at Morgan Stanley downgrade Dollar Tree (NASDAQ: DLTR) from "overweight" to "equal weight." DLTR’s shares moved up 3.37% to close at $61.68 yesterday. More Analyst Ratings here
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JP Morgan Upgrades FRED To Neutral
Friday, May 21, 2010 - 7:46am | 42Analysts at JP Morgan upgrade Fred's Inc (NASDAQ: FRED) from "underweight" to "neutral." FRED’s shares moved down 4.30% to close at $13.12 yesterday. More Analyst Ratings here
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Dollar Tree (DLTR) Shares Continue Climb
Thursday, May 20, 2010 - 6:14pm | 111Shares of Dollar Tree Inc (Nasdaq: DLTR) closed Thursday trading up 3.37% at $61.68 per share and continued inching up in after hours trading. Volume of 3.8 million shares was more than triple the daily average volume of 1.2 million shares. The day's trading range for shares of Dollar Tree Inc was...
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Benzinga’s Volume Movers (ARUN, CTRN, DLTR, GYMB)
Thursday, May 20, 2010 - 2:35pm | 166Aruba Networks Inc (NASDAQ: ARUN) shares gained 3.98% to $12.03 by 12:03 pm. The volume of ARUN shares traded was 489% higher than normal. Stifel Nicolaus upgraded ARUN from “hold” to “buy.” Citi Trends Inc (NASDAQ: CTRN) shares climbed 7.15% to $32.67 by 12:03 pm. The volume of CTRN shares traded...