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News Summary
Thursday, June 2, 2011 - 8:57am | 256Shares of Gap Inc (NYSE: GPS) fell about 1.5% after the retailer reported a 4% drop in its May same-store sales. Gap's net sales came in at $1.06 billion, versus $1.05 billion, in the year-ago quarter. Analysts were expecting a 1% fall in comparable sales. Gap North America's comparable sales...
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Retail Sales Roundup For June 2
Thursday, June 2, 2011 - 8:07am | 802Costco Wholesale Corp (NASDAQ: COST) reported a 13% rise in its May comparable-store sales on Thursday. The retailer's net sales surged 17% to $7.14 billion, from $6.09 billion in the year-ago month. However, analysts expected same-store sales to rise 11.2% for the month. Its same-store sales...
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A Peek Into The Market Before The Trading Starts
Thursday, June 2, 2011 - 6:25am | 394Pre-open movers US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 32 points to 12,306.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100...
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Pier 1 Reports 10.2% Jump In Q1 Comparable-Store Sales, Issues Upbeat Q1 Profit Projections
Thursday, June 2, 2011 - 5:38am | 89Pier 1 Imports Inc (NYSE: PIR) reported a 10.2% surge in its comparable-store sales for the quarter. PIR's total sales climbed 9.5% to $335 million, from $306 million in the year-ago period. The retailer projects its FQ1 net income of $0.11 to $0.12 per share, up from $0.07 per share, in the year-...
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Oppenheimer Expects Solid Report from Pier 1 Imports
Wednesday, June 1, 2011 - 6:14am | 89According to a recent report from Oppenheimer, Pier 1 Imports (NYSE: PIR) is expected to report strong sales for Q1 due on Thursday, June 2. Due to the optimism surrounding the upcoming report, Oppenheimer reiterates an Outperform rating on PIR and maintains a $14.00 price target. In the report,...
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Short Pier One On Housing Double Dip?
Tuesday, May 31, 2011 - 2:08pm | 94According to a tweet from Blueshift Ideas, a double dip recession in the housing market is negative for home-goods stores, particularly Pier 1 Imports, Inc. (NYSE: PIR). In Blueshift's March report, the firm noted that Pier One was experiencing margin issues. At last check, shares of Pier One...
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Top 4 Stocks In The Home Furnishings & Fixtures Industry With The Lowest PEG Ratio
Monday, May 30, 2011 - 11:58pm | 119Below are the top home furnishings & fixtures stocks on the NYSE and the NASDAQ in terms of PEG ratio Natuzzi SpA (NYSE: NTZ) has a PEG ratio of 0.31. NTZ's trailing-twelve-month revenue is $742.51 million. Deer Consumer Products Inc (NASDAQ: DEER) has a PEG ratio of 0.34. DEER's trailing-...
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Advanced Option Trade: BBBY
Friday, May 27, 2011 - 4:16pm | 246Bed Bath and Beyond Really. Bed Bath and Beyond (BBBY) is the most boring stock in the world. And… that's why I Like IT! Only with options can traders make money on a stock like this. And in this case, option traders have a shot to do pretty darn well. That is, for those who put in the time to...
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Joel Greenblatt: One Bubble After Another
Thursday, May 26, 2011 - 7:40am | 436Joel Greenblatt, of Gotham Asset Management, spoke at the Ira Sohn Conference yesterday, and said that we have been in one continuing bubble since 2000, just different kinds of bubbles. Since 2000, we have experienced the Internet bubble, which led to the NASDAQ crashing some 50%, of which it...
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UPDATE: Piper Jaffray Lowers PT on Kirkland's to $12
Monday, May 23, 2011 - 6:58am | 89Piper Jaffray is out with its report today on Kirkland's (NASDAQ: KIRK), lowering its PT from $15 to $12. In a note to clients, Piper Jaffray writes, "We are lowering our EPS estimates as follows: from $0.09 to $0.04 in FQ2; from $1.20 to $1.02 in FY12; and from $1.44 to $1.22 in FY13. We are...
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Piper Jaffray Lowers PT On Kirkland's To $12
Monday, May 23, 2011 - 5:26am | 26Piper Jaffray has lowered the price target on Kirkland's (NASDAQ: KIRK) from $15 to $12 and maintains its Neutral rating.
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Goldman Sachs Ups PT On WSM To $45
Friday, May 20, 2011 - 6:48am | 100Goldman Sachs has raised its price target on Williams-Sonoma (NYSE: WSM) from $42 to $45 following its 1Q beat. Says Goldman Sachs, in its report, “…the firm remains well-positioned with a potent stable of brands and several innovative initiatives that should continue to drive share gains, focused...
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Goldman Sachs Raises PT On Williams-Sonoma To $45
Friday, May 20, 2011 - 5:01am | 26Goldman Sachs has raised the price target on Williams-Sonoma (NYSE: WSM) from $42 to $45 and maintains its Neutral rating.
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Earnings Roundup For May 19
Thursday, May 19, 2011 - 8:28am | 1013Williams-Sonoma Inc (NYSE: WSM) reported a 62% rise in its fiscal first-quarter net income. Williams-Sonoma reported a quarterly profit at $31.6 million, or $0.29 per share, versus $19.5 million, or $0.18 per share, in the year-ago period. Its adjusted earnings came in at $0.30 per share. The...
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CEOWORLD Most Popular Stocks ON 5/19/11- SPLS, PETM, AAP, LTD, JACK, DE, CTRN, WTM, WSM
Thursday, May 19, 2011 - 7:33am | 1203Staples Inc. (SPLS) is trading at at a dramatic change of -15.37% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 11.91B PetSmart Inc. (PETM) is trading at at a dramatic change of -0.49% from its...