Brightpoint Inc. (NASDAQ: CELL), Deckers Outdoor (NASDAQ: DECK), Dollar General (NYSE: DG), Edwards Lifesciences (NYSE: EW), International Game Technology (NYSE: IGT) and Pacific Sunwear of California, Inc. (NASDAQ: PSUN) had ratings on them reiterated by analysts.
Canaccord Genuity reiterated its "Buy" rating on Brightpoint Inc. (CELL).
Canaccord Genuity reiterated its "Buy" rating on Deckers Outdoor (DECK).
Nomura reiterated its "Neutral" rating on Dollar General (DG).
Canaccord Genuity reiterated its "Hold" rating on Edwards Lifesciences (EW).
Nomura reiterated its "Neutral" rating on International Game Technology (IGT).
Nomura reiterated its "Reduce" rating on Pacific Sunwear of California, Inc. (PSUN).
Showing posts with label Dollar General. Show all posts
Showing posts with label Dollar General. Show all posts
Friday, December 9, 2011
Tuesday, December 6, 2011
Smithfield (SFD) (SLG) (SLGN) (DCO) (DG) (E) Ratings, Price Targets
Smithfield Foods, Inc. (SFD), SL Green Realty Corp. (SLG), Silgan Holdings (SLGN), Ducommun Incorporated (DCO), Dollar General (DG) and Eni S.p.A. (E) ratings and price targets.
Morgan Stanley (NYSE:MS) reiterated its “Equal Weight” on Smithfield Foods, Inc. (SFD).
Bank of America (NYSE:BAC) raised its price target on SL Green Realty Corp. (SLG) to $77.00.
Credit Suisse (NYSE:CS) initiated coverage on Silgan Holdings (SLGN). They placed an “Overweight” rating and a price target of $42.00 on the
company.
EarlyBird Capital initiated coverage on Ducommun Incorporated (DCO). They placed a “Buy” rating on the company.
RBC Capital raised its price target on Dollar General (DG) from $45.00 to $48.00. They have an “Outperform” rating on the company.
Deutsche Bank (NYSE:DB) upgraded Eni S.p.A. (E) from a “Hold” rating to a “Buy” rating.
Morgan Stanley (NYSE:MS) reiterated its “Equal Weight” on Smithfield Foods, Inc. (SFD).
Bank of America (NYSE:BAC) raised its price target on SL Green Realty Corp. (SLG) to $77.00.
Credit Suisse (NYSE:CS) initiated coverage on Silgan Holdings (SLGN). They placed an “Overweight” rating and a price target of $42.00 on the
company.
EarlyBird Capital initiated coverage on Ducommun Incorporated (DCO). They placed a “Buy” rating on the company.
RBC Capital raised its price target on Dollar General (DG) from $45.00 to $48.00. They have an “Outperform” rating on the company.
Deutsche Bank (NYSE:DB) upgraded Eni S.p.A. (E) from a “Hold” rating to a “Buy” rating.
Thursday, September 1, 2011
Winn-Dixie (WINN) (DG) (VRA) (DOLE) (MYGN) (EMC) EPS Estimates Changed
Winn-Dixie (NASDAQ:WINN), Dollar General (NYSE:DG), Vera Bradley (NASDAQ:VRA), Dole Food (NYSE:DOLE), Myriad Genetics (NASDAQ:MYGN) and EMC (NYSE:EMC) EPS estimates adjusted by analysts.
Winn-Dixie EPS estimates were lowered by analysts through 2012 by BMO Capital Markets. They reiterate a "Market Perform" rating and price target of $9 on the company.
Dollar General EPS estimates were boosted by BMO Capital Markets through 2012. They maintain an "Outperform" rating and price target of $40 on the company.
Vera Bradley had its EPS estimates raised by KeyBanc through 2012. They reiterate their "Buy" rating and price target of $48 on the company.
Dole Food had its EPS estimates cut by Goldman Sachs (NYSE:GS). They have a "Neutral" rating and price target of $12 on the company.
Myriad Genetics had its EPS estimates raised by Goldman Sachs. They have a "Sell" rating and price target of $19 on the company.
EMC had its EPS estimates lowered through 2012 by Credit Suisse (NYSE:CS). They have an "Outperform" rating and a price target $27 on the company.
Winn-Dixie EPS estimates were lowered by analysts through 2012 by BMO Capital Markets. They reiterate a "Market Perform" rating and price target of $9 on the company.
Dollar General EPS estimates were boosted by BMO Capital Markets through 2012. They maintain an "Outperform" rating and price target of $40 on the company.
Vera Bradley had its EPS estimates raised by KeyBanc through 2012. They reiterate their "Buy" rating and price target of $48 on the company.
Dole Food had its EPS estimates cut by Goldman Sachs (NYSE:GS). They have a "Neutral" rating and price target of $12 on the company.
Myriad Genetics had its EPS estimates raised by Goldman Sachs. They have a "Sell" rating and price target of $19 on the company.
EMC had its EPS estimates lowered through 2012 by Credit Suisse (NYSE:CS). They have an "Outperform" rating and a price target $27 on the company.
Tuesday, August 30, 2011
SPX (SPW) (CSOD) (MSG) (DG) (PFE) (EBAY) Ratings Reiterated
SPX Corp (NYSE: SPW), Cornerstone OnDemand (NASDAQ: CSOD), Madison Square Garden, Inc. (NYSE: MSG), Dollar General (NYSE: DG), Pfizer Inc (NYSE: PFE) and eBay, Inc. (NASDAQ: EBAY) had their ratings reiterated by analysts.
Citigroup (NYSE:C) reiterated a "Hold" rating on SPX Corp. (SPW).
Piper Jaffray (NYSE:PJC) reiterated an "Overweight" rating on Cornerstone OnDemand (CSOD).
Stifel Nicolaus reiterated a "Hold" rating on Madison Square Garden, Inc. (MSG).
Wedbush reiterated an "Outperform" rating on Dollar General (DG).
JPMorgan Chase & Co. (NYSE:JPM) reiterated an "Overweight" rating on Pfizer Inc. (PFE).
Piper Jaffray reiterated a "Neutral" rating on eBay, Inc. (EBAY).
Citigroup (NYSE:C) reiterated a "Hold" rating on SPX Corp. (SPW).
Piper Jaffray (NYSE:PJC) reiterated an "Overweight" rating on Cornerstone OnDemand (CSOD).
Stifel Nicolaus reiterated a "Hold" rating on Madison Square Garden, Inc. (MSG).
Wedbush reiterated an "Outperform" rating on Dollar General (DG).
JPMorgan Chase & Co. (NYSE:JPM) reiterated an "Overweight" rating on Pfizer Inc. (PFE).
Piper Jaffray reiterated a "Neutral" rating on eBay, Inc. (EBAY).
Monday, August 8, 2011
Veeco (VECO) (ADLR) (AIXG) (AMAT) (DG) (KLAC) Get New Coverage
Veeco Instruments Inc. (NASDAQ: VECO), Adolor (NASDAQ: ADLR), Aixtron AG (NASDAQ: AIXG), Applied Materials, Inc. (NASDAQ: AMAT), Dollar General (NYSE: DG) and KLA-Tencor (NASDAQ: KLAC) getting new coverage from analysts.
Oppenheimer initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Perform” rating and a price target of $45.00 on the company.
William Blair initiated coverage on Adolor (ADLR). They placed an “Outperform” rating on the company.
Oppenheimer initiated coverage on Aixtron AG (AIXG). They placed a “Perform” rating and a price target of $32.00 on the company.
Oppenheimer initiated coverage on Applied Materials, Inc. (AMAT). They placed a “Perform” rating and a price target of $15.00 on the company.
BMO Capital Markets initiated coverage on Dollar General (DG). They placed an “Outperform” rating and a price target of $40.00 on the company.
Oppenheimer initiated coverage on KLA-Tencor (KLAC). They placed an “Outperform” rating and a price target of $50.00 on the company.
Oppenheimer initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Perform” rating and a price target of $45.00 on the company.
William Blair initiated coverage on Adolor (ADLR). They placed an “Outperform” rating on the company.
Oppenheimer initiated coverage on Aixtron AG (AIXG). They placed a “Perform” rating and a price target of $32.00 on the company.
Oppenheimer initiated coverage on Applied Materials, Inc. (AMAT). They placed a “Perform” rating and a price target of $15.00 on the company.
BMO Capital Markets initiated coverage on Dollar General (DG). They placed an “Outperform” rating and a price target of $40.00 on the company.
Oppenheimer initiated coverage on KLA-Tencor (KLAC). They placed an “Outperform” rating and a price target of $50.00 on the company.
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
Friday, January 14, 2011
Big Lots (NYSE: BIG), 99 Cents Only Stores (NYSE:NDN) Most Likely LBO Candidates Says Barclays
With the attention of private equity seeming to be focused on the small retail sector lately, Barclays took a look at companies left that could fit the profile of a probable candidate, and feel Big Lots (NYSE:BIG) and 99 Cents Only Stores (NYSE:NDN) are among the few that warrant a real chance of being taken over and going private.
Barclays said, "Private equity interest in retail companies appears to have increased recently, with the just completed LBO of Gymboree (Nasdaq:GYMB) and pending LBOs of J. Crew (NYSE:JCG) and of Jo-Ann Stores (NYSE:JAS). These transactions have focused investors' attention on other retailers that could potentially be taken private. We, too, have reviewed our universe of retailers - specifically the small-box discounters - to determine whether any of them would be suitable LBO candidates. We believe some of the key criteria for a successful LBO include valuation, the outlook for free cash flow generation, ownership structure, and size. Based on our analysis, Big Lots (BIG) is the only one of the five small-box discounters we cover that fits these criteria. It has strong free cash flow, expansion potential, broad ownership, and a low valuation. Also, its enterprise value of $2.4 billion means the required debt and equity financing are likely to be readily available."
"All the stocks we reviewed have strong and growing free cash flow, but Dollar Tree (Nasdaq:DLTR) and Family Dollar (NYSE:FDO) both have valuations that are high enough to limit private equity returns. Dollar General (NYSE:DG) is not only valued at a similar level to DLTR and FDO, but its shares are still majority owned by private equity investors following its 2007 LBO. 99 Cents Only Stores (NDN) is more reasonably valued and an ideal size."
Big Lots closed Thursday at $32.09, gaining $0.41, or 1.29 percent. 99 Cents Only closed at $15.20, losing $0.26, or 1.68 percent.
Barclays said, "Private equity interest in retail companies appears to have increased recently, with the just completed LBO of Gymboree (Nasdaq:GYMB) and pending LBOs of J. Crew (NYSE:JCG) and of Jo-Ann Stores (NYSE:JAS). These transactions have focused investors' attention on other retailers that could potentially be taken private. We, too, have reviewed our universe of retailers - specifically the small-box discounters - to determine whether any of them would be suitable LBO candidates. We believe some of the key criteria for a successful LBO include valuation, the outlook for free cash flow generation, ownership structure, and size. Based on our analysis, Big Lots (BIG) is the only one of the five small-box discounters we cover that fits these criteria. It has strong free cash flow, expansion potential, broad ownership, and a low valuation. Also, its enterprise value of $2.4 billion means the required debt and equity financing are likely to be readily available."
"All the stocks we reviewed have strong and growing free cash flow, but Dollar Tree (Nasdaq:DLTR) and Family Dollar (NYSE:FDO) both have valuations that are high enough to limit private equity returns. Dollar General (NYSE:DG) is not only valued at a similar level to DLTR and FDO, but its shares are still majority owned by private equity investors following its 2007 LBO. 99 Cents Only Stores (NDN) is more reasonably valued and an ideal size."
Big Lots closed Thursday at $32.09, gaining $0.41, or 1.29 percent. 99 Cents Only closed at $15.20, losing $0.26, or 1.68 percent.
Tuesday, January 4, 2011
Dollar General (NYSE:DG) Hiring 6,000 on 625 New Stores
Dollar General Corp. (NYSE:DG) announced that it is going to hire over 6,000 workers in response to their initiative of opening 625 new stores in 2011.
The new store openings will include the 35 states they already have a presence in, but they'll also be adding an additional three new states in the mix, which are Nevada, New Hampshire and Connecticut.
At this time Dollar general has 88,000 employees as 9,200 stores.
For one of the few times since they've opened, Wal-Mart (NYSE:WMT) struggled against a company with a similar business model as theirs, and it showed in their results, which are far below what they had hoped.
One of Wal-Marts problems is they're trying to expand their customer base to higher income people at a time when discounts are what the majority of people are looking for, making them less competitive on the low end than in the past.
The question over the long term for Dollar General is what will happen to them once we actually emerge from the ongoing recession.
For now though, it appears they will continue to grow with same-store sales and by expanded the number of stores as well.
Dollar General was trading at $30.48, down $0.19, or 0.64 percent, as of 1:20 PM EST.
The new store openings will include the 35 states they already have a presence in, but they'll also be adding an additional three new states in the mix, which are Nevada, New Hampshire and Connecticut.
At this time Dollar general has 88,000 employees as 9,200 stores.
For one of the few times since they've opened, Wal-Mart (NYSE:WMT) struggled against a company with a similar business model as theirs, and it showed in their results, which are far below what they had hoped.
One of Wal-Marts problems is they're trying to expand their customer base to higher income people at a time when discounts are what the majority of people are looking for, making them less competitive on the low end than in the past.
The question over the long term for Dollar General is what will happen to them once we actually emerge from the ongoing recession.
For now though, it appears they will continue to grow with same-store sales and by expanded the number of stores as well.
Dollar General was trading at $30.48, down $0.19, or 0.64 percent, as of 1:20 PM EST.
Tuesday, November 30, 2010
Morgan Stanley (NYSE:MS) Removes Dollar General (NYSE:DG) from 'Best Ideas' List
Dollar General (NYSE:DG) was able to fight through their removal from the "Best Ideas" list of Morgan Stanley (NYSE:MS) Monday, as well as being downgraded by Avondale Partners.
Avondale said, "Our downgrade of Dollar General is based solely on 1) valuation and 2) the share price recently surpassing our $33 price target. We believe shares are near fully valued at the Friday Nov. 26 closing price of $32.74."
Avondale downgraded them from "Market Outperform" to "Market Perform."
Morgan Stanley lowered their EPS estimate on the retailer, now expecting full year EPS for 2010 of $1.58 and for full year 2011 EPS of $2.02.
Dollar General closed Monday at $32.78, gaining slightly at $0.04, or 0.12 percent. Avondale has a price target of $33 on them. Morgan Stanley's price target on them is $35.
Avondale said, "Our downgrade of Dollar General is based solely on 1) valuation and 2) the share price recently surpassing our $33 price target. We believe shares are near fully valued at the Friday Nov. 26 closing price of $32.74."
Avondale downgraded them from "Market Outperform" to "Market Perform."
Morgan Stanley lowered their EPS estimate on the retailer, now expecting full year EPS for 2010 of $1.58 and for full year 2011 EPS of $2.02.
Dollar General closed Monday at $32.78, gaining slightly at $0.04, or 0.12 percent. Avondale has a price target of $33 on them. Morgan Stanley's price target on them is $35.
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