Amazon.com, Inc. (NASDAQ: AMZN), Stericycle Inc. (NASDAQ: SRCL), TJX Companies Inc. (NYSE: TJX), Walgreen (NYSE: WAG), Affymax, Inc. (NASDAQ: AFFY) and Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) ratings and price targets.
Goldman Sachs (NYSE:GS) reiterated its "Neutral" rating on Amazon.com, Inc. (AMZN).
Zacks Investment Research reiterated its "Neutral" rating on Stericycle Inc. (SRCL). They have a price target of $82.00 on the company.
Zacks Investment Research reiterated its "Neutral" rating on TJX Companies Inc. (TJX). They have a price target of $68.00 on the company.
Zacks Investment Research reiterated its "Neutral" rating on Walgreen (WAG). They have a price target of $35.00 on the company.
Robert W. Baird reiterated its "Outperform" rating on Affymax, Inc. (AFFY).
Leerink reiterated its "Outperform" rating on Alexion Pharmaceuticals, Inc. (ALXN).
Showing posts with label Walgreen. Show all posts
Showing posts with label Walgreen. Show all posts
Friday, December 30, 2011
Friday, December 23, 2011
Omega (OHI) (ONXX) (SLXP) (WAG) (AEO) Ratings, Price Targets
Omega Healthcare Investors, Inc. (NYSE: OHI), Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX), Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP), Walgreen (NYSE: WAG) and American Eagle (NYSE: AEO) ratings and price targets.
Omega Healthcare Investors, Inc. (NYSE: OHI) had its “hold” rating reiterated by Stifel Nicolaus.
Onyx Pharmaceuticals, Inc. (ONXX) had its “outperform” rating reiterated by Rodman & Renshaw. They have a price target of $57.00 on the firm.
Salix Pharmaceuticals, Ltd. (SLXP) had its price target raised by analysts at Goldman Sachs (NYSE:GS) to $46.00.
Walgreen (WAG) had its price target lowered by Jefferies Group to $36.00. They have a “hold” rating on the firm.
American Eagle (AEO) was downgraded by Standpoint Research from a “buy” rating to a “hold” rating.
Omega Healthcare Investors, Inc. (NYSE: OHI) had its “hold” rating reiterated by Stifel Nicolaus.
Onyx Pharmaceuticals, Inc. (ONXX) had its “outperform” rating reiterated by Rodman & Renshaw. They have a price target of $57.00 on the firm.
Salix Pharmaceuticals, Ltd. (SLXP) had its price target raised by analysts at Goldman Sachs (NYSE:GS) to $46.00.
Walgreen (WAG) had its price target lowered by Jefferies Group to $36.00. They have a “hold” rating on the firm.
American Eagle (AEO) was downgraded by Standpoint Research from a “buy” rating to a “hold” rating.
Monday, December 19, 2011
Walgreen (WAG) (BBBY) (ZQK) (ZQK) (AMRC) (ATHN) Ratings, Price Targets
Walgreen (WAG), Bed Bath & Beyond Inc. (BBBY), Quiksilver, Inc. (ZQK), Quiksilver, Inc. (ZQK), Ameresco Inc. (AMRC) and AthenaHealth (ATHN) ratings and price targets.
Barclays Capital (NYSE:BCS) reiterated its “Underweight” rating on Walgreen (WAG).
Deutsche Bank (NYSE:DB) reiterated its “Hold” rating on Bed Bath & Beyond Inc. (BBBY).
Auriga reiterated its “Buy” rating on Quiksilver, Inc. (ZQK).
B. Riley upgraded Quiksilver, Inc. (ZQK) from a “Neutral” rating to a “Buy” rating.
Barclays Capital reiterated its “Overweight” rating on Ameresco Inc. (AMRC).
UBS AG (NYSE:UBS) reiterated its “Sell” rating on AthenaHealth (ATHN).
Barclays Capital (NYSE:BCS) reiterated its “Underweight” rating on Walgreen (WAG).
Deutsche Bank (NYSE:DB) reiterated its “Hold” rating on Bed Bath & Beyond Inc. (BBBY).
Auriga reiterated its “Buy” rating on Quiksilver, Inc. (ZQK).
B. Riley upgraded Quiksilver, Inc. (ZQK) from a “Neutral” rating to a “Buy” rating.
Barclays Capital reiterated its “Overweight” rating on Ameresco Inc. (AMRC).
UBS AG (NYSE:UBS) reiterated its “Sell” rating on AthenaHealth (ATHN).
Tuesday, November 22, 2011
Ventas (VTR) (DEST) (WAG) (WIBC) (ATVI) ( BAYRY) Downgraded
Ventas (NYSE: VTR), Destination Maternity Corp. (NASDAQ: DEST), Walgreen (NYSE: WAG), Wilshire Bancorp, Inc. (NASDAQ: WIBC), Activision Blizzard Inc. (NASDAQ: ATVI) and Bayer AG (OTC: BAYRY) were downgraded by analysts.
Ventas (VTR) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.
Destination Maternity Corp. (DEST) was downgraded by Imperial Capital to an “Outperform” rating.
Walgreen (WAG) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Underweight” rating. They have a price target of $29.00 on the company.
Wilshire Bancorp, Inc. (WIBC) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.
Activision Blizzard Inc. (ATVI) was downgraded by Lazard Capital to a “Neutral” rating.
Bayer AG (BAYRY) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating. They have a price target of $57.00 on the company.
Ventas (VTR) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.
Destination Maternity Corp. (DEST) was downgraded by Imperial Capital to an “Outperform” rating.
Walgreen (WAG) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Underweight” rating. They have a price target of $29.00 on the company.
Wilshire Bancorp, Inc. (WIBC) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.
Activision Blizzard Inc. (ATVI) was downgraded by Lazard Capital to a “Neutral” rating.
Bayer AG (BAYRY) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating. They have a price target of $57.00 on the company.
Monday, November 21, 2011
Walgreen (WAG) (FL) (FLR) (FMBI) (GDOT) (GES) Ratings, Price Targets
Walgreen (WAG), Foot Locker (FL), Fluor Co. (FLR), First Midwest Bancorp, Inc. (FMBI), Green Dot Co. (GDOT) and Guess Inc. (GES) ratings and price targets.
Morgan Stanley (NYSE:MS) downgraded Walgreen (WAG) from an “Overweight” rating to an “Underweight” rating. They have a price target of $29.00 on the company.
Jefferies (NYSE:JEF) reiterated its “Hold” on Foot Locker (FL).
BB&T (NYSE:BBT) upgraded Fluor Co. (FLR) from a “Hold” rating to a “Buy” rating.
Sterne Agee reiterated its “Buy” rating on First Midwest Bancorp, Inc. (FMBI). They have a price target of $12.00 on the company.
Piper Jaffray (NYSE:PJC) downgraded Green Dot Co. (GDOT) from an “Overweight” rating to a “Neutral” rating. They have a price target of $32.00 on the company, down from $62.00.
Piper Jaffray lowered its price target on Guess Inc. (GES) to $35.00.
Morgan Stanley (NYSE:MS) downgraded Walgreen (WAG) from an “Overweight” rating to an “Underweight” rating. They have a price target of $29.00 on the company.
Jefferies (NYSE:JEF) reiterated its “Hold” on Foot Locker (FL).
BB&T (NYSE:BBT) upgraded Fluor Co. (FLR) from a “Hold” rating to a “Buy” rating.
Sterne Agee reiterated its “Buy” rating on First Midwest Bancorp, Inc. (FMBI). They have a price target of $12.00 on the company.
Piper Jaffray (NYSE:PJC) downgraded Green Dot Co. (GDOT) from an “Overweight” rating to a “Neutral” rating. They have a price target of $32.00 on the company, down from $62.00.
Piper Jaffray lowered its price target on Guess Inc. (GES) to $35.00.
Tuesday, August 23, 2011
JA Solar (JASO) (JNPR) (NVDA) Upgraded; (STP) (WAG) (PEG) Downgraded
JA Solar Holdings Co., Ltd. (Nasdaq: JASO), Coach (NYSE: COH), NVIDIA (Nasdaq: NVDA) and Juniper Networks (NYSE: JNPR) upgraded by analysts.
Suntech Power (NYSE: STP), Public Service Enterprise Group Inc. (NYSE: PEG), Walgreen (NYSE: WAG) and Eldorado Gold Corp (NYSE: EGO) are downgraded.
JA Solar Holdings Co., Ltd. (Nasdaq: JASO) was upgraded by Axiom Capital from a "Sell" to a "Hold."
Coach (NYSE: COH) was upgraded by Jefferies (NYSE:JEF) from a "Hold" to a "Buy." They have a price target of $60 on the company.
NVIDIA (Nasdaq: NVDA) was upgraded by Wells Fargo (NYSE:WFC) from a "Market Perform" to an "Outperform." They boosted their price target from $14 to $16 on the company.
Juniper Networks (NYSE: JNPR) was upgraded by Morgan Keegan from a "Market Perform" to an "Outperform." They have a price target of $27 on the company.
Downgrades
Suntech Power (NYSE: STP) was downgraded by Macquarie from "Neutral" to "Underperform." They slashed their price target on the solar company from $6.50 to $3.35. Collins Stewart and ThinkEquity also lowered their ratings on the company.
Walgreen (NYSE: WAG) was downgraded by Barclays from an "Equalweight" to an "Underweight. They had their price target cut from $39 to $29.
Public Service Enterprise Group Inc. (NYSE: PEG) was downgraded by UBS (NYSE:UBS) from "Buy" to "Neutral."
Eldorado Gold Corp (NYSE: EGO) was downgraded by Macquarie from a "Neutral" to an "Underperform."
Suntech Power (NYSE: STP), Public Service Enterprise Group Inc. (NYSE: PEG), Walgreen (NYSE: WAG) and Eldorado Gold Corp (NYSE: EGO) are downgraded.
JA Solar Holdings Co., Ltd. (Nasdaq: JASO) was upgraded by Axiom Capital from a "Sell" to a "Hold."
Coach (NYSE: COH) was upgraded by Jefferies (NYSE:JEF) from a "Hold" to a "Buy." They have a price target of $60 on the company.
NVIDIA (Nasdaq: NVDA) was upgraded by Wells Fargo (NYSE:WFC) from a "Market Perform" to an "Outperform." They boosted their price target from $14 to $16 on the company.
Juniper Networks (NYSE: JNPR) was upgraded by Morgan Keegan from a "Market Perform" to an "Outperform." They have a price target of $27 on the company.
Downgrades
Suntech Power (NYSE: STP) was downgraded by Macquarie from "Neutral" to "Underperform." They slashed their price target on the solar company from $6.50 to $3.35. Collins Stewart and ThinkEquity also lowered their ratings on the company.
Walgreen (NYSE: WAG) was downgraded by Barclays from an "Equalweight" to an "Underweight. They had their price target cut from $39 to $29.
Public Service Enterprise Group Inc. (NYSE: PEG) was downgraded by UBS (NYSE:UBS) from "Buy" to "Neutral."
Eldorado Gold Corp (NYSE: EGO) was downgraded by Macquarie from a "Neutral" to an "Underperform."
Friday, May 13, 2011
Ex-Dividend for (V) (VE) (WAG) (WEA) (WHR) (WHX) is May 18
The ex-dividend date for Visa Inc. (NYSE:V), Veolia Environnement (NYSE:VE), Walgreen Company (NYSE:WAG), Western Asset Premier Bond Fund (NYSE:WEA), Whirlpool Corporation (NYSE:WHR) and Whiting USA Trust (NYSE:WHX) is May 18.
Visa Inc. (V) pays a dividend of $0.15 with a yield of 0.76 percent.
Veolia Environnement (VE) pays a dividend of $1.46 with a yield of 4.52percent.
Walgreen Company (WAG) pays a dividend of $0.18 with a yield of 1.65 percent.
Western Asset Premier Bond Fund (WEA) pays a dividend of $0.11 with a yield of 8.57 percent.
Whirlpool Corporation (WHR) pays a dividend of $0.50 with a yield of 2.37 percent.
Whiting USA Trust (WHX) pays a dividend of $0.73 with a yield of 16.71 percent.
Visa Inc. (V) pays a dividend of $0.15 with a yield of 0.76 percent.
Veolia Environnement (VE) pays a dividend of $1.46 with a yield of 4.52percent.
Walgreen Company (WAG) pays a dividend of $0.18 with a yield of 1.65 percent.
Western Asset Premier Bond Fund (WEA) pays a dividend of $0.11 with a yield of 8.57 percent.
Whirlpool Corporation (WHR) pays a dividend of $0.50 with a yield of 2.37 percent.
Whiting USA Trust (WHX) pays a dividend of $0.73 with a yield of 16.71 percent.
Monday, May 2, 2011
Dividend Yields for (SWY) (KR) (WAG) (CVS) (COST)
Indicated dividend yields for Standard & Poor's 500 Index companies Safeway Inc (SWY), Kroger Co (KR), Walgreen Co (WAG), CVS Caremark Corp (CVS) and Costco Wholesale Corp (COST).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Safeway Inc (SWY) has a dividend yield of 1.97 percent on a declared dividend of $0.12. The payout ratio is 175.0 percent.
Kroger Co (KR) has a dividend yield of 1.73 percent on a declared dividend of $0.10. The payout ratio is 23.6 percent.
Walgreen Co (WAG) has a dividend yield of 1.64 percent on a declared dividend of $0.17. The payout ratio is 21.9 percent.
CVS Caremark Corp (CVS) has a dividend yield of 1.38 percent on a declared dividend of $0.12. The payout ratio is 11.6 percent.
Costco Wholesale Corp (COST) has a dividend yield of 1.19 percent on a declared dividend of $0.24. The payout ratio is 25.7 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Safeway Inc (SWY) has a dividend yield of 1.97 percent on a declared dividend of $0.12. The payout ratio is 175.0 percent.
Kroger Co (KR) has a dividend yield of 1.73 percent on a declared dividend of $0.10. The payout ratio is 23.6 percent.
Walgreen Co (WAG) has a dividend yield of 1.64 percent on a declared dividend of $0.17. The payout ratio is 21.9 percent.
CVS Caremark Corp (CVS) has a dividend yield of 1.38 percent on a declared dividend of $0.12. The payout ratio is 11.6 percent.
Costco Wholesale Corp (COST) has a dividend yield of 1.19 percent on a declared dividend of $0.24. The payout ratio is 25.7 percent.
Monday, April 4, 2011
JPMorgan (JPM) (BBY) (TIV) (KR) (WAG) Victims of Email Theft
A number of bank and businesses have had their emails and names of customers stolen by hackers, including JPMorgan (NYSE:JPM), Best Buy (NYSE:BBY), TIVO (NASDAQ:TIV)), Kroger (NYSE:KR), Walgreen (NYSE:WAG), Citigroup (NYSE:C), U.S. Bancorp (NYSE:USB), Barclays (NYSE:BCS and Capital One Financial (NYSE:COF).
Epsilon, a division of Alliance Data Systems Corp., was the company which has been apparently hacked, with the probable theft of million in emails of the companies mentioned above, and others.
Other private information wasn't attained, according to Epsilon, but companies have been sending out warnings to their customers to be wary from emails claiming to be from them which ask for personal information which could be used to extract money from their accounts; a tactic called "phishing."
Normally this scheme involves the hackers to set up a site made to look like the site of a bank and then get them to log in using their user name and password, which they then can use to access the account itself.
Epsilon, a division of Alliance Data Systems Corp., was the company which has been apparently hacked, with the probable theft of million in emails of the companies mentioned above, and others.
Other private information wasn't attained, according to Epsilon, but companies have been sending out warnings to their customers to be wary from emails claiming to be from them which ask for personal information which could be used to extract money from their accounts; a tactic called "phishing."
Normally this scheme involves the hackers to set up a site made to look like the site of a bank and then get them to log in using their user name and password, which they then can use to access the account itself.
Thursday, March 24, 2011
Walgreen (WAG) to Acquire Drugstore.com. (DSCM)
Although Walgreen (NYSE:WAG) was hit hard for only modestly beating expectations in its latest quarterly report, it is trading up today after the retailer announced they've made a bid for drugstore.com (NASDAQ:DSCM), which was busy soaring over 100 percent on the news today.
Walgreen said they made an offer of $429 million in cash for the company, according to Internet Retailer magazine.
The offer is more than a 100% premium to the what the stock closed at on Wednesday, and drugstore.com rapidly traded up to the $3.80 a share offer price, as the board unanimously approved the deal. Walgreen said it expects to close the acquisition in June.
Drugstore.com operates a website, but also owns Beauty.com, SkinStore.com and VisionDirect.com.
Drugstore.com was trading at $3.775, up $1.985, or 110.89 percent, as of 12:10 PM EDT. Walgreen was trading at $40.37, gaining $0.54, or 1.36 percent.
Walgreen said they made an offer of $429 million in cash for the company, according to Internet Retailer magazine.
The offer is more than a 100% premium to the what the stock closed at on Wednesday, and drugstore.com rapidly traded up to the $3.80 a share offer price, as the board unanimously approved the deal. Walgreen said it expects to close the acquisition in June.
Drugstore.com operates a website, but also owns Beauty.com, SkinStore.com and VisionDirect.com.
Drugstore.com was trading at $3.775, up $1.985, or 110.89 percent, as of 12:10 PM EDT. Walgreen was trading at $40.37, gaining $0.54, or 1.36 percent.
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
Tuesday, February 15, 2011
Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), US Bancorp (NYSE:USB), JPMorgan (NYSE:JPM) Among Top Holdings of Basswood Capital Management
Of the top ten holdings of Basswood Capital Management, banks were the leading representatives, with Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), US Bancorp (NYSE:USB) and JPMorgan (NYSE:JPM) among the top holdings of the company.
Basswood added a little over 24,000 more shares to Wells Fargo, and sold off over 57,340 shares of Bank of America. US Bancorp and JPMorgan remained level.
The top three holdings were Wells Fargo in the top position, US Bancorp 2nd, and JPMorgan Chase in third. Bank of America dropped to 9th place; all measured by market value.
The rest, as measured by market value, were Ingersoll-Rand Plc (NYSE:IR) in fourth place, followed by Belden Inc. (NYSE:BDC), Toll Brothers (NYSE:TOL) and Walgreen (NYSE:WAG), in that order. In the #10 spot was Anixter International (NYSE:AXE).
This was according to a required 13F-HR filing with the SEC.
Bank of America closed Monday at $14.89, up $0.12, or 0.81 percent. U.S. Bancorp closed at $28.68, gaining $0.31, or 1.09 percent. Wells Fargo ended the session at $33.87, up $0.11, or 0.33 percent. JPMorgan closed at $46.54, down $0.03, or 0.06 percent.
Basswood added a little over 24,000 more shares to Wells Fargo, and sold off over 57,340 shares of Bank of America. US Bancorp and JPMorgan remained level.
The top three holdings were Wells Fargo in the top position, US Bancorp 2nd, and JPMorgan Chase in third. Bank of America dropped to 9th place; all measured by market value.
The rest, as measured by market value, were Ingersoll-Rand Plc (NYSE:IR) in fourth place, followed by Belden Inc. (NYSE:BDC), Toll Brothers (NYSE:TOL) and Walgreen (NYSE:WAG), in that order. In the #10 spot was Anixter International (NYSE:AXE).
This was according to a required 13F-HR filing with the SEC.
Bank of America closed Monday at $14.89, up $0.12, or 0.81 percent. U.S. Bancorp closed at $28.68, gaining $0.31, or 1.09 percent. Wells Fargo ended the session at $33.87, up $0.11, or 0.33 percent. JPMorgan closed at $46.54, down $0.03, or 0.06 percent.
Monday, December 27, 2010
Walgreen (NYSE:WAG) Generating Higher Margins, Lower Costs
As far as changes Walgreen (NYSE:WAG) can make to improve their performance, most of them have been made and are paying dividends for the company, although sales of higher margin discretionary products could be improved upon.
Barclays (NYSE:BCS) noted, "Walgreen's numerous initiatives to become a more efficient and profitable retailer have paid off handsomely in the latest quarter. Better management of front-end promotions and merchandising, combined with improved procurement, led to a healthy rise in the gross margin. In addition, the company was able to manage expenses very well, in part because of the success of its major cost-cutting program. There are still challenges for 2011, including fewer new generic introductions, continuing weakness in sales of high-margin discretionary items, an uncertain cough/cold/flu season, changes in pharmacy reimbursement rates, and the potential implementation of AMP in state Medicaid programs.
"We are maintaining our 2Q11 EPS estimate of $0.78 but raising our FY11 estimate to $2.65 from $2.47, driven by both a higher gross margin and lower core expenses. We are also raising our FY12 estimate to $3.12 from $2.86."
Barclays maintains an "Equalweight" on Walgreen, which last closed at $39.19, up $0.34, or 0.88 percent. Barclays raised their price target on them from $31 to $39.
Barclays (NYSE:BCS) noted, "Walgreen's numerous initiatives to become a more efficient and profitable retailer have paid off handsomely in the latest quarter. Better management of front-end promotions and merchandising, combined with improved procurement, led to a healthy rise in the gross margin. In addition, the company was able to manage expenses very well, in part because of the success of its major cost-cutting program. There are still challenges for 2011, including fewer new generic introductions, continuing weakness in sales of high-margin discretionary items, an uncertain cough/cold/flu season, changes in pharmacy reimbursement rates, and the potential implementation of AMP in state Medicaid programs.
"We are maintaining our 2Q11 EPS estimate of $0.78 but raising our FY11 estimate to $2.65 from $2.47, driven by both a higher gross margin and lower core expenses. We are also raising our FY12 estimate to $3.12 from $2.86."
Barclays maintains an "Equalweight" on Walgreen, which last closed at $39.19, up $0.34, or 0.88 percent. Barclays raised their price target on them from $31 to $39.
Thursday, December 23, 2010
Walgreen (NYSE:WAG) Results Show Turnaround
Analysts were responding to the latest quarterly results of Walgreen (NYSE:WAG), where they reported earnings which beat expectations by $0.08.
Goldman Sachs (NYSE:GS) raised their EPS estimates and price target on them, while Susquehanna also raised their EPS on them and price target as well.
Goldman maintains a "Neutral" rating on them and Susquehanna a "Positive" rating.
Walgreen has been slowing turning things around and the latest result seem to confirm they're heading in the right direction with their strategy of investing in their existing stores and slowing down building new ones. They've also started to return more capital to its shareholders.
Walgreen was trading at $38.94, up $0.09, or 0.23 percent, as of 11:32 AM EST.
Goldman Sachs (NYSE:GS) raised their EPS estimates and price target on them, while Susquehanna also raised their EPS on them and price target as well.
Goldman maintains a "Neutral" rating on them and Susquehanna a "Positive" rating.
Walgreen has been slowing turning things around and the latest result seem to confirm they're heading in the right direction with their strategy of investing in their existing stores and slowing down building new ones. They've also started to return more capital to its shareholders.
Walgreen was trading at $38.94, up $0.09, or 0.23 percent, as of 11:32 AM EST.
Wednesday, December 22, 2010
Walgreen (NYSE:WAG) Shares Soar as it Beats Estimates
Shares of Walgreen (NYSE:WAG) are soaring today at the Drugstore chain retailer reported profits which exceeded analysts' expectations.
President and Chief Executive Greg Wasson said, “Our performance was driven by our continued focus on gross profit margins, cost control and the strategic slowing of our new store openings. As a result of improved merchandising, including promotions and pricing, we saw significant increases in gross profit margins in the front end.”
Net income for the latest quarter increased to $580 million, or 62 cents a share, up from the $489 million, or 49 cents a share in the same quarter last year. Sales for the quarter rose to $17.3 billion, with same-store sales rising 0.8 percent.
Analysts had been looking for earnings of 54 cents a share, as the company was able to successfully widen margins.
Walgreen was trading at $39.51, up $2.68, or 7.28 percent, as of 12:54 PM EST.
President and Chief Executive Greg Wasson said, “Our performance was driven by our continued focus on gross profit margins, cost control and the strategic slowing of our new store openings. As a result of improved merchandising, including promotions and pricing, we saw significant increases in gross profit margins in the front end.”
Net income for the latest quarter increased to $580 million, or 62 cents a share, up from the $489 million, or 49 cents a share in the same quarter last year. Sales for the quarter rose to $17.3 billion, with same-store sales rising 0.8 percent.
Analysts had been looking for earnings of 54 cents a share, as the company was able to successfully widen margins.
Walgreen was trading at $39.51, up $2.68, or 7.28 percent, as of 12:54 PM EST.
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