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Top Narrow Based Indexes For April 6 (MSM, FNSR, GOLF)
Wednesday, April 6, 2011 - 10:17am | 186By 10:15 am, the Dow Jones Industrial Average was up 28.04 points, or 0.23%, to 12,421.94, while the broader Standard & Poor's 500 index had gained 3.36 points, or 0.25%. The NASDAQ composite index rose 15.15 points, or 0.54%. Some of the narrow based indexes that are driving the markets are...
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Earnings Preview For Bed Bath & Beyond (BBBY)
Wednesday, April 6, 2011 - 7:45am | 238Bed Bath & Beyond (NASDAQ: BBBY) will be reporting 2011 fiscal fourth-quarter earnings after the bell today. Analysts are expecting the company to post a profit of $0.97 on revenues of $2.39 billion. Earnings would grow 13% over last year if the target is hit. The company is generally...
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Subscribers to The New York Times on NOOK™ by Barnes & Noble to Receive Free Access to NYTimes.com
Tuesday, April 5, 2011 - 8:47am | 100Barnes & Noble, Inc. (NYSE: BKS) today announced that all subscribers to The New York Times through NOOK Newsstand™ will also enjoy access to the NYTimes.com website. Barnes & Noble customers can already enjoy their digital subscription to The New York Times, reading the daily e-edition...
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Puts Purchased on Office Depot, Inc. (ODP)
Monday, April 4, 2011 - 11:22am | 127Shares of Office Depot, Inc (NYSE: ODP) are lower on the session by 0.95%, currently trading at $4.17. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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UPDATE: Gilford Securities Raising Price Target On Dreams (DRJ)
Monday, April 4, 2011 - 10:50am | 145Gilford Securities is raising its price target on shares of Dreams Inc. (AMEX: DRJ) to $4 and it has a Buy rating. In a note to clients, Gilford writes, "Dreams Inc. (DRJ) produced excellent revenue growth of 30.2% for the full year and 40% for the all-important Christmas quarter. There were...
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JP Morgan Comments On Signet Jewelers Following Management Meetings
Monday, April 4, 2011 - 7:46am | 241JP Morgan recently hosted several investor meetings in NYC with Signet Jewelers (NYSE: SIG) CEO, Mike Barnes, CFO, Ron Ristau and IR Tim Jackson and came away very upbeat on how management plans to evolve the company longer-term. Exclusive brands now make up ~25% of the business, while total brand...
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JP Morgan Raises PT On Signet Jewelers To $52
Monday, April 4, 2011 - 7:03am | 27JP Morgan has raised the price target on Signet Jewelers (NYSE: SIG) from $50 to $52 and maintains its Overweight rating.
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Office Depot Shares Plunge On Restatement (ODP)
Friday, April 1, 2011 - 1:12pm | 103Office Depot (NYSE: ODP) is one of the worst performers on the New York Stock Exchange on Friday, losing 11.23% to $4.11. The company said that it will have to restate its financial results for 2010 after the IRS denied the company's claim to carry back certain tax losses to prior years. As a...
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Office Depot Down 14% (ODP)
Friday, April 1, 2011 - 10:06am | 30Office Depot, Inc. (NYSE: ODP) shares are plunging, down almost 14% to $3.99, a loss of 64 cents on more than 5 million shares already today.
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J.P. Morgan Comments On Office Depot 1Q Results
Friday, April 1, 2011 - 9:23am | 169According to J.P. Morgan, Office Depot (NYSE: ODP) 1Q sales are consistent with their outlook of down 3% YOY. J.P. Morgan reported that NAR comps were down 1% YOY and NAD sales declined 3%. “Overall, restatements are never a positive for credibility (and ODP has been working to regain what was...
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UPDATE: Goldman Sachs Lowers PT on Office Depot to $4.75 (ODP)
Friday, April 1, 2011 - 8:04am | 85Goldman Sachs is out with its report today on Office Depot (NYSE: ODP), lowering its PT from $5.50 to $4.75. In a note to clients, Goldman Sachs writes, "We cut 2011 EPS to $0.03 from $0.12 and 2012 to $0.18 from $0.28, and launch 2013 at $0.18. Our 12-month price target, based on risk/reward and...
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Jefferies Updates ODP 2010 Results
Friday, April 1, 2011 - 7:54am | 111Jefferies has issued an update on Office Depot (NYSE: ODP) following an IRS ruling. According to Jefferies, "Office Depot said last night that it received an unfavorable tax ruling that will cause it to restate 2010 results, while adversely impacting anticipated operating cash flow in 2011. It...
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Franklin Covey Reports Q2 EPS of $0.02 vs. $0.01
Thursday, March 31, 2011 - 4:08pm | 59Franklin Covey Co. (NYSE: FC) today announced financial results for its fiscal second quarter ended February 26, 2011. Net sales for the quarter totaled $35.5 million, an increase of 19% from $29.8 million reported in the second quarter of the prior year. Adjusted EBITDA increased 78% to $3.6...
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Earnings Scheduled For March 31 (KMX, CASC, WOR, GPN, RBN, LWSN, XRTX, FC, RECN, KKD, DMAN)
Thursday, March 31, 2011 - 12:45am | 291CarMax Inc (NYSE: KMX) is expected to report its Q4 EPS at $0.38 on revenue of $2.17 billion. Cascade Corporation (NYSE: CASC) is projected to post its Q4 earnings at $0.71 per share on revenue of $103.09 million. Worthington Industries Inc (NYSE: WOR) is estimated to report its Q3 EPS at $0.25...
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Dreams, Inc. Reports Q4 EPS of $0.10 vs. $0.14
Wednesday, March 30, 2011 - 2:18pm | 58Dreams, Inc. (NYSE: DRJ) announced its financial results for the fourth quarter. For the quarter ended December 31, 2010, revenues were up 40% to $60.7 million, compared to $43.3 million generated in the same quarter last year. For the quarter ended December 31, 2010, net income was $4.1 million...