Price targets on shares of AFLAC (NYSE: AFL), BJ’s Restaurants, Inc. (NASDAQ: BJRI), Country Style Cookin (NASDAQ: CCSC), Chico’s (NYSE: CHS) and Campbell Soup Company (NYSE: CPB) were updated by analysts.
FBR Capital cut their price target on AFLAC (AFL) from $69.00 to $64.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) raised their price target on BJ’s Restaurants, Inc. (BJRI) to $56.00.
Piper Jaffray (NYSE:PJC) cut their price target on Country Style Cookin (CCSC) to $17.00.
Wedbush raised their price target on Chico’s (CHS) from $15.00 to $17.00. They have an “outperform” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Campbell Soup Company (CPB) to $32.00.
Showing posts with label BJs Wholesale. Show all posts
Showing posts with label BJs Wholesale. Show all posts
Thursday, May 19, 2011
Price Targets on (ABMD) (AFL) (BJ) (BMC) (CCMP) Updated
Price targets on shares of Abiomed (NASDAQ: ABMD), AFLAC (NYSE: AFL), BJ’s Wholesale Club Inc (NYSE: BJ), BMC Software, Inc. (NYSE: BMC) and Cabot Microelectronics Co. (NASDAQ: CCMP) were updated by analysts.
Piper Jaffray (NYSE:PJC) raised their price target on Abiomed (ABMD) to $20.00.
Morgan Stanley (NYSE:MS) cut their price target on AFLAC (AFL) to $64.00. They have an “overweight” rating on the company.
Citigroup (NYSE:C) raised their price target on BJ’s Wholesale Club Inc (BJ) from $52.00 to $56.00. They have a “hold” rating on the company.
Collins Stewart raised their price target on BMC Software, Inc. (BMC) from $58.00 to $62.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) cut their price target on Cabot Microelectronics Co. (CCMP) to $7.00.
Piper Jaffray (NYSE:PJC) raised their price target on Abiomed (ABMD) to $20.00.
Morgan Stanley (NYSE:MS) cut their price target on AFLAC (AFL) to $64.00. They have an “overweight” rating on the company.
Citigroup (NYSE:C) raised their price target on BJ’s Wholesale Club Inc (BJ) from $52.00 to $56.00. They have a “hold” rating on the company.
Collins Stewart raised their price target on BMC Software, Inc. (BMC) from $58.00 to $62.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) cut their price target on Cabot Microelectronics Co. (CCMP) to $7.00.
Thursday, April 7, 2011
March Retail (TGT) (COST) (BJ) (JCP) Sales Mixed
As expected, March retail sales were mixed today as a number of retailers reported for the month earlier in the session.
Discounters like Costco (NASDAQ:COST) and BJ's Wholesale (NYSE:BJ) soared as expected, along with high end stores like Saks (NYSE:SKS).
Limited (NYSE:LTD) was the top performer of the companies reporting today, with sales jumping 14 percent in March.
Worst in the group was Kohl's (NYSE:KSS), whose sales fell 6.5 percent last month.
Here are those retailers with sales gains in March:
Costco (COST) - up 8%; Macy's (NYSE: M) - up 0.9%; Limited (LTD) - up 14%; The Buckle (NYSE:BKE) - up 8.4%; Zumiez (NASDAQ:ZUMZ) - up 8.9%; BJ's Wholesale (BJ) - up 5.3%; Saks (SKS) - up 11.1%; and Nordstrom (NYSE:JWN) - up 5.1%.
Retailers which lost sales in March:
Target (NYSE:TGT) - down 5.5%; JCPenney (NYSE:JCP) - down 0.3%; Gap (NYSE:GPS) - down 10%; Kohl's (KSS) - down 6.5%; TJX (NYSE:TJX) - down 1%; and Hot Topic (Nasdaq:HOTT) - down 5%.
Discounters like Costco (NASDAQ:COST) and BJ's Wholesale (NYSE:BJ) soared as expected, along with high end stores like Saks (NYSE:SKS).
Limited (NYSE:LTD) was the top performer of the companies reporting today, with sales jumping 14 percent in March.
Worst in the group was Kohl's (NYSE:KSS), whose sales fell 6.5 percent last month.
Here are those retailers with sales gains in March:
Costco (COST) - up 8%; Macy's (NYSE: M) - up 0.9%; Limited (LTD) - up 14%; The Buckle (NYSE:BKE) - up 8.4%; Zumiez (NASDAQ:ZUMZ) - up 8.9%; BJ's Wholesale (BJ) - up 5.3%; Saks (SKS) - up 11.1%; and Nordstrom (NYSE:JWN) - up 5.1%.
Retailers which lost sales in March:
Target (NYSE:TGT) - down 5.5%; JCPenney (NYSE:JCP) - down 0.3%; Gap (NYSE:GPS) - down 10%; Kohl's (KSS) - down 6.5%; TJX (NYSE:TJX) - down 1%; and Hot Topic (Nasdaq:HOTT) - down 5%.
Jitters Over (TGT) (BJ) (COST) (KSS) (JCP) (SKS) (JWN) (M) (SSI) March Sales Report
With Macy's (NYSE:M), Target (NYSE:TGT), BJ's Wholesale Club (NYSE:BJ), Costco (Nasdaq:COST), Kohl's (NYSE:KSS), Stage Stores (NYSE:SSI), J.C. Penney (NYSE:JCP), Saks (NYSE:SKS) and Nordstrom (NYSE:JWN) all reporting March sales today, shareholders and investors have jitters over the narrative that will probably emerge; one that most won't like for some of these companies.
On the positive side, Costco and BJ's Wholesale Club should generate improvements in same-store sales, based on getting more benefits from higher gas prices. Macy's and Nordstrom may also turn in a good quarter.
Barclays said, "Ahead of these results, we are raising our Barclays Capital Broadlines/Dept. Stores Same Store-Sales Index estimate for March to (0.8)% from (2.1)% compared with an 11.3% increase last year. The increase in our index is attributable to our expectations for higher comps for Costco and BJ's Wholesale Club, due to a larger benefit from gas prices, as well as our expectations for continued solid momentum at Macy's and Nordstrom, despite the Easter shift. We are raising our estimate for Costco to 6%-8% from 3%-5%, our estimate for BJ's to 0%-2% from (1)%-1%, our estimate for Macy's to (1)%-(3)% from (2)%-(4)%, and our estimate for Nordstrom to 1%-3% from (2)%-(4)%."
Concerning April, the optimism fades though. "We believe overall sales were solid in March; however, we expect the shift of Easter into April out of March, as well as tough comparisons last year, to have a negative impact on this month's results...We are maintaining our estimate for an 11.8% increase in our index in April," Barclays concluded.
It seems the reports will be a mixed bag, as Bed Bath & Beyond may have stolen some business from Target, and there could be some other surprises in there.
On the positive side, Costco and BJ's Wholesale Club should generate improvements in same-store sales, based on getting more benefits from higher gas prices. Macy's and Nordstrom may also turn in a good quarter.
Barclays said, "Ahead of these results, we are raising our Barclays Capital Broadlines/Dept. Stores Same Store-Sales Index estimate for March to (0.8)% from (2.1)% compared with an 11.3% increase last year. The increase in our index is attributable to our expectations for higher comps for Costco and BJ's Wholesale Club, due to a larger benefit from gas prices, as well as our expectations for continued solid momentum at Macy's and Nordstrom, despite the Easter shift. We are raising our estimate for Costco to 6%-8% from 3%-5%, our estimate for BJ's to 0%-2% from (1)%-1%, our estimate for Macy's to (1)%-(3)% from (2)%-(4)%, and our estimate for Nordstrom to 1%-3% from (2)%-(4)%."
Concerning April, the optimism fades though. "We believe overall sales were solid in March; however, we expect the shift of Easter into April out of March, as well as tough comparisons last year, to have a negative impact on this month's results...We are maintaining our estimate for an 11.8% increase in our index in April," Barclays concluded.
It seems the reports will be a mixed bag, as Bed Bath & Beyond may have stolen some business from Target, and there could be some other surprises in there.
Tuesday, March 22, 2011
Retailers (BJ) (WAG) (DG) (WMT) (COST) Trading Mixed
Shares or retailers like BJ’s Wholesale Club (NYSE:BJ), Walgreen (NYSE:WAG), Dollar General (NYSE:DG), Wal-Mart Stores (NYSE:WMT) Costco Wholesale (NASDAQ:COST) were trading mixed today, although those listed here, with the exception of Walgreen, were trading up early in the session.
BJ’s Wholesale Club Inc. reached a confidentiality agreement with private-equity firm Leonard Green & Partners for a possible deal and discounter Dollar General Corp. reported a better-than-expected profit.
On the downside, Walgreen Co. (WAG) tumbled 7.6%, making it the largest percentage decliner in the S&P 500 index (SPX), after the drugstore chain’s same-store sales and gross margin fell short of some analysts’ estimates.
Walgreen’s fiscal second-quarter same-store sales rose 4.1%, missing the 4.4% increase estimated by Citigroup. Its non-pharmacy sales and prescription same-store sales both missed expectations as well, while its gross margin contracted slightly versus Citigroup’s expectation for a wider margin, analyst Deborah Weinswig said.
Shares of Dollar General (DG) rose 2.3%. The discount retailer said its fiscal fourth-quarter profit more than doubled, after it cut advertising and compensation costs and saw more shoppers, who spent more on items ranging from apparel to consumable products.
Retail giant Wal-Mart Stores Inc. (WMT) shares were up 0.2%.
Also heading higher, shares of BJ’s Wholesale Club (BJ) rose 3.1%. The company and private-equity firm Leonard Green & Partners LP reached a confidentiality agreement in which Leonard Green will look at BJ’s books — or what BJ’s called “evaluation material” — for consideration of a possible deal to take the company private, BJ’s reported in a filing with the SEC.
Source
BJ’s Wholesale Club Inc. reached a confidentiality agreement with private-equity firm Leonard Green & Partners for a possible deal and discounter Dollar General Corp. reported a better-than-expected profit.
On the downside, Walgreen Co. (WAG) tumbled 7.6%, making it the largest percentage decliner in the S&P 500 index (SPX), after the drugstore chain’s same-store sales and gross margin fell short of some analysts’ estimates.
Walgreen’s fiscal second-quarter same-store sales rose 4.1%, missing the 4.4% increase estimated by Citigroup. Its non-pharmacy sales and prescription same-store sales both missed expectations as well, while its gross margin contracted slightly versus Citigroup’s expectation for a wider margin, analyst Deborah Weinswig said.
Shares of Dollar General (DG) rose 2.3%. The discount retailer said its fiscal fourth-quarter profit more than doubled, after it cut advertising and compensation costs and saw more shoppers, who spent more on items ranging from apparel to consumable products.
Retail giant Wal-Mart Stores Inc. (WMT) shares were up 0.2%.
Also heading higher, shares of BJ’s Wholesale Club (BJ) rose 3.1%. The company and private-equity firm Leonard Green & Partners LP reached a confidentiality agreement in which Leonard Green will look at BJ’s books — or what BJ’s called “evaluation material” — for consideration of a possible deal to take the company private, BJ’s reported in a filing with the SEC.
Source
Thursday, February 3, 2011
BJ's Wholesale Club (NYSE:BJ) May Be Sold
Citing a committee of independent directors, BJ's Wholesale Club, Inc. (NYSE:BJ) said after recommendations from the committee, they're exploring strategic alternatives, which could include selling the company.
Morgan Stanley (NYSE:MS) will advice the independent committee on BJ's behalf during the exploratory process.
At this time there has been no decision made on what specific direction to take, according to a press release from the company, so being sold, or any other possibility is still up in the air, and may result in no steps being taken.
BJ's operates 190 stores in 15 states, and is a membership-based retailer.
It is speculated private equity firm Leonard Green may have an interest in the company, as they have expressed interest in acquiring the company in the past.
BJ's was trading at $48.78, gaining $5.77, or 13.42 percent, as of 12:28 PM EST.
Morgan Stanley (NYSE:MS) will advice the independent committee on BJ's behalf during the exploratory process.
At this time there has been no decision made on what specific direction to take, according to a press release from the company, so being sold, or any other possibility is still up in the air, and may result in no steps being taken.
BJ's operates 190 stores in 15 states, and is a membership-based retailer.
It is speculated private equity firm Leonard Green may have an interest in the company, as they have expressed interest in acquiring the company in the past.
BJ's was trading at $48.78, gaining $5.77, or 13.42 percent, as of 12:28 PM EST.
Thursday, January 6, 2011
Target (NYSE:TGT), Kohl's (NYSE:KSS), J.C. Penney (NYSE:JCP), Saks (NYSE:SKS), Nordstrom (NYSE:JWN), Macy's (NYSE:M), BJ's (NYSE:BJ), Costco (NYSE:COST), Stage Stores (NYSE:SSI) Reporting December Sales Today
Target (NYSE:TGT), Kohl's (NYSE:KSS), J.C. Penney (NYSE:JCP), Saks (NYSE:SKS), Nordstrom (NYSE:JWN), Macy's (NYSE:M), BJ's (NYSE:BJ), Costco (NYSE:COST) and Stage Stores (NYSE:SSI) are all going to report December sales today, following in the footsteps of recent practices of retailers in the past years.
Barclays said, "Ahead of Thursday's results, we are slightly raising our Barclays Capital Broadlines/Dept. Stores Same Store-Sales Index estimate for November to 4.7% from 4.5% compared with a 3.7% increase last year. The increase in our index is attributable to Nordstrom, which we raised to 5%-7% from 0%-2%. In addition, we are expecting a positive comp result this quarter from Wal-Mart, and we expect Sears comps to decline (3.5)% in 4Q10. Finally, we expect that Tiffany sales increased in-line with our 4Q10 comp estimate of 2%."
"We believe that strength seen in November continued through December and the remainder of the holiday season, and now expect our Barclays Capital Broadlines/Dept. Stores Same Store-Sales Index for the combined November/December period to post the largest increase since 2003. Calendar shifts and Christmas timing appeared to be a non-event. However, the after-Christmas snow storms on the East Coast may have had a slightly negative impact on December sales."
"We believe that inventory levels are largely in good condition and promotional activity remained mostly at planned and reasonable levels. January should enable retailers to handle existing clearance merchandise and set the floors for spring."
Tiffany (NYSE:TIF) will be issue a press release concerning holiday sales next Tuesday.
Barclays said, "Ahead of Thursday's results, we are slightly raising our Barclays Capital Broadlines/Dept. Stores Same Store-Sales Index estimate for November to 4.7% from 4.5% compared with a 3.7% increase last year. The increase in our index is attributable to Nordstrom, which we raised to 5%-7% from 0%-2%. In addition, we are expecting a positive comp result this quarter from Wal-Mart, and we expect Sears comps to decline (3.5)% in 4Q10. Finally, we expect that Tiffany sales increased in-line with our 4Q10 comp estimate of 2%."
"We believe that strength seen in November continued through December and the remainder of the holiday season, and now expect our Barclays Capital Broadlines/Dept. Stores Same Store-Sales Index for the combined November/December period to post the largest increase since 2003. Calendar shifts and Christmas timing appeared to be a non-event. However, the after-Christmas snow storms on the East Coast may have had a slightly negative impact on December sales."
"We believe that inventory levels are largely in good condition and promotional activity remained mostly at planned and reasonable levels. January should enable retailers to handle existing clearance merchandise and set the floors for spring."
Tiffany (NYSE:TIF) will be issue a press release concerning holiday sales next Tuesday.
Friday, December 31, 2010
BJ's (NYSE:BJ) Still Moving Up on Jo-Ann Stores (NYSE:JAS) Bid, Rumors
Expectations there could be a competing bid form Leonard Green for
BJ's Wholesale Club (NYSE:BJ) after Jo-Ann Stores (NYSE:JAS) bid, continues to push the share price of BJ's up, as they've gained over 9 percent in the last couple of trading sessions.
BJ's was trading at about $42 a share in November on initial rumors someone was interested in acquiring them, and have continued to gradually move up after the Jo-Ann bid.
Analysts watching the story believe if there is another bid it would come in at about $55 a share.
BJ's closed Thursday at $48.55, gaining $0.93, or 1.95 percent. Jo-Ann closed at $60.18, down $0.04, or 0.07 percent.
BJ's Wholesale Club (NYSE:BJ) after Jo-Ann Stores (NYSE:JAS) bid, continues to push the share price of BJ's up, as they've gained over 9 percent in the last couple of trading sessions.
BJ's was trading at about $42 a share in November on initial rumors someone was interested in acquiring them, and have continued to gradually move up after the Jo-Ann bid.
Analysts watching the story believe if there is another bid it would come in at about $55 a share.
BJ's closed Thursday at $48.55, gaining $0.93, or 1.95 percent. Jo-Ann closed at $60.18, down $0.04, or 0.07 percent.
Friday, November 19, 2010
BJ's Wholesale (NYSE:BJ) Membership Fees Will Drive Earnings Higher
Citing growing membership sign-ups and increased fees, Barclays (NYSE:BCS) said BJ's Wholesale (NYSE:BJ) is positioned to generate stronger earnings in 2010 and 2011.
"BJ's reported 3Q10 EPS of $0.43, above our estimate of $0.37. Total revenue increased 4.8% to $2.57 billion. Membership income increased 6.0% to $48.7 million, driven by new club openings, increases in renewal rates, and new Rewards membership sign -ups. Importantly, BJ's announced the increase of its basic membership fee to $50 from $45, which goes into effect on January 3, 2011. We estimate this could benefit Membership Fee Income by approximately $20 million, half of which will be recognized in 2011," Barclays said.
"Given potential for upside to Membership Fee Income, we are increasing our 2010 and 2011 EPS estimates to $2.50 and $2.80, from $2.45 and $2.70, respectively. We are establishing a FY12 EPS estimate of $3.10," Barclays added.
BJ's closed Thursday at $47.01, down by $0.53, or 1.11 percent. Barclays has a price target of $50 on them.
"BJ's reported 3Q10 EPS of $0.43, above our estimate of $0.37. Total revenue increased 4.8% to $2.57 billion. Membership income increased 6.0% to $48.7 million, driven by new club openings, increases in renewal rates, and new Rewards membership sign -ups. Importantly, BJ's announced the increase of its basic membership fee to $50 from $45, which goes into effect on January 3, 2011. We estimate this could benefit Membership Fee Income by approximately $20 million, half of which will be recognized in 2011," Barclays said.
"Given potential for upside to Membership Fee Income, we are increasing our 2010 and 2011 EPS estimates to $2.50 and $2.80, from $2.45 and $2.70, respectively. We are establishing a FY12 EPS estimate of $3.10," Barclays added.
BJ's closed Thursday at $47.01, down by $0.53, or 1.11 percent. Barclays has a price target of $50 on them.
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