Saks Inc (NYSE: SKS), Elan Corp. (NYSE: ELN), U-Store-It Trust (NYSE: YSI), FirstEnergy Corp. (NYSE: FE), Focus Media (NASDAQ: FMCN) and Federal Realty Investment Trust (NYSE: FRT) upgraded by analysts.
Saks Inc (NYSE: SKS) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.
Elan Corp. (ELN) was upgraded by Credit Suisse (CS) from a “Neutral” rating to an “Outperform” rating.
U-Store-It Trust (YSI) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
FirstEnergy Corp. (FE) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Focus Media (FMCN) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
Federal Realty Investment Trust (FRT) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.
Showing posts with label Saks. Show all posts
Showing posts with label Saks. Show all posts
Thursday, August 25, 2011
Thursday, August 18, 2011
Saks (SKS) (ADI) (BAC) (TJX) (BLL) (HD) (JCP) EPS Estimates Changed
Saks Inc (NYSE: SKS), Analog Devices, Inc. (NYSE: ADI), Bank of America (NYSE: BAC), TJX Companies Inc (NYSE: TJX), Ball Co. (NYSE: BLL), Home Depot (NYSE: HD) and J.C. Penney Company, Inc. (NYSE: JCP) EPS estimates adjusted by analysts.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Saks Inc. (SKS). They have a “Neutral” rating and a price target of $11.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on Analog Devices, Inc. (ADI). They have a “Neutral” rating and a price target of $42.00 on the company.
Credit Suisse cut its EPS estimates on Bank of America (BAC). They have an “Outperform” rating and a price target of $14.00 on the company.
Oppenheimer raised its EPS estimates on TJX Companies Inc. (TJX). They have a “Market Perform” rating on the company.
Jefferies (NYSE:JEF) raised its EPS estimates on Ball Co. (BLL). They have a “Buy” rating and a price target of $46.00 on the company.
Goldman Sachs raised its EPS estimates on Home Depot (HD). They have a “Buy” rating and a price target of $39.00 on the company.
Morgan Stanley (NYSE:MS) cut its EPS estimates on J.C. Penney Company, Inc. (JCP). They have an “Underweight” rating and a price target of $25.00 on the company.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Saks Inc. (SKS). They have a “Neutral” rating and a price target of $11.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on Analog Devices, Inc. (ADI). They have a “Neutral” rating and a price target of $42.00 on the company.
Credit Suisse cut its EPS estimates on Bank of America (BAC). They have an “Outperform” rating and a price target of $14.00 on the company.
Oppenheimer raised its EPS estimates on TJX Companies Inc. (TJX). They have a “Market Perform” rating on the company.
Jefferies (NYSE:JEF) raised its EPS estimates on Ball Co. (BLL). They have a “Buy” rating and a price target of $46.00 on the company.
Goldman Sachs raised its EPS estimates on Home Depot (HD). They have a “Buy” rating and a price target of $39.00 on the company.
Morgan Stanley (NYSE:MS) cut its EPS estimates on J.C. Penney Company, Inc. (JCP). They have an “Underweight” rating and a price target of $25.00 on the company.
Tuesday, May 10, 2011
Ratings on (ROSE) (SKS) (VIA.B) Upgraded
Ratings on Rosetta Resources Inc. (NASDAQ: ROSE), Saks Inc (NYSE: SKS) and Viacom, Inc. (NASDAQ: VIA.B) upgraded by analysts.
Citigroup (NYSE:C) upgraded Rosetta Resources Inc. (ROSE) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Saks Inc (SKS) from a “sell” rating to a “neutral” rating. They have a price target of $12.00 on the company.
Argus upgraded Viacom, Inc. (VIA-B) from a “hold” rating to a “buy” rating. They have a price target of $65.00 on the company.
Citigroup (NYSE:C) upgraded Rosetta Resources Inc. (ROSE) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Saks Inc (SKS) from a “sell” rating to a “neutral” rating. They have a price target of $12.00 on the company.
Argus upgraded Viacom, Inc. (VIA-B) from a “hold” rating to a “buy” rating. They have a price target of $65.00 on the company.
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, January 11, 2011
99 Cents Only (NYSE:NDN), Aeropostale (NYSE:ARO), American Eagle (NYSE:AEO) Named Top LBO Candidates for 2011 by Deutsche (NYSE:DB)
Deutsche Bank (NYSE:DB) released an interesting list of takeover candidates for 2011 in the U.S retail sector, using a metric of those which would probably generate 20 percent premium or more, with their top possibilities being 99 Cents Only (NYSE:NDN), Aeropostale (NYSE:ARO) and American Eagle (NYSE:AEO).
Other big names they consider leading candidates, although not as probable as the three above, were Macy's (NYSE: M), Saks (NYSE:SKS), RadioShack (NYSE:RSH), The Buckle (NYSE:BKE), Best Buy (NYSE:BBY), AnnTaylor (NYSE:ANN), Big Lots (NYSE:BIG) and Gap (NYSE:GPS)
99 Cents Only closed at $15.65 Monday, gaining $0.08, or 0.51 percent. Aeropostale closed at $25.21, up $0.38, or 1.53 percent. American Eagle ended the session at $14.37, down $0.09, or 0.62 percent.
Other big names they consider leading candidates, although not as probable as the three above, were Macy's (NYSE: M), Saks (NYSE:SKS), RadioShack (NYSE:RSH), The Buckle (NYSE:BKE), Best Buy (NYSE:BBY), AnnTaylor (NYSE:ANN), Big Lots (NYSE:BIG) and Gap (NYSE:GPS)
99 Cents Only closed at $15.65 Monday, gaining $0.08, or 0.51 percent. Aeropostale closed at $25.21, up $0.38, or 1.53 percent. American Eagle ended the session at $14.37, down $0.09, or 0.62 percent.
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.
Monday, November 29, 2010
Citigroup (NYSE:C) Chooses Target (NYSE:TGT), Macy's (NYSE:M) as Top Christmas Picks
After a robust shopping weekend after Thanksgiving in America, Citigroup (NYSE:C) said they're raising their same-store estimates for the Christmas season, increasing them for November from 1.5 percent to 2.5 percent, and for December from 2 percent to 3 percent.
Contrasting last year's sales to this year during the same weekend, Citi noted a major boost of 33 percent for online spending on Thanksgiving day, and a 16 percent increase on Black Friday.
Along with Target and Macy's, other stores enjoying strong Black Friday sales were Saks (NYSE:SKS) and Kohl's (NYSE:KSS).
All of this sounds positive, but it remains to be seen at what costs the larger numbers are being attained, as stores around the country are under severe pricing and margin pressure in order to attract customers during the major shopping season.
It seems traders are considering that as well, as Target was trading at $56.36, falling $0.49, or 0.86 percent at 12:50 PM EST. Kohl's was trading at $56.40, down by $0.94, or 1.64 percent. Citi has a price target of $72 on Target and $33 on Kohl's.
Contrasting last year's sales to this year during the same weekend, Citi noted a major boost of 33 percent for online spending on Thanksgiving day, and a 16 percent increase on Black Friday.
Along with Target and Macy's, other stores enjoying strong Black Friday sales were Saks (NYSE:SKS) and Kohl's (NYSE:KSS).
All of this sounds positive, but it remains to be seen at what costs the larger numbers are being attained, as stores around the country are under severe pricing and margin pressure in order to attract customers during the major shopping season.
It seems traders are considering that as well, as Target was trading at $56.36, falling $0.49, or 0.86 percent at 12:50 PM EST. Kohl's was trading at $56.40, down by $0.94, or 1.64 percent. Citi has a price target of $72 on Target and $33 on Kohl's.
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