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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:37 EDTDG, DLTR, BIGBig Lots advances despite lowered 2013 guidance
Shares of closeout retailer Big Lots (BIG) are advancing after the company reported second quarter profit that beat consensus estimates. The company, however, lowered its full year 2013 outlook. WHAT'S NEW: This morning, Big Lots reported second quarter adjusted earnings per share of 31c and revenue of $1.23B. Analysts' consensus expectations were for EPS of 24c and revenue of $1.23B. WHAT'S NOTABLE: The company lowered its full year 2013 guidance. Big Lots' FY13 adjusted EPS view was lowered to $2.80-$3.05 from $2.87-$3.12. Consensus prior to the update from the company was $2.96. Its FY13 revenue growth forecast was cut to flat to up 1%, from a prior view of up 1%-2%, while the FY13 SSS outlook remained the same. Big Lots cited its operating results for the first two quarters and its expectations for the third and fourth quarters for the lowered guidance. The company also gave a cautious view for the third quarter. It guided Q3 EPS to (13c)-(5c) versus consensus (1c), and expects Q3 U.S. comparable store sales in the range of flat to minus 2%. The company expects Q3 to be “somewhat of a transitional quarter as it incurs inventory costs" and sets up for the holiday season, executives said. PRICE ACTION: In early morning trading, Big Lots rose 75c, or 2.2%, to $35.39. OTHERS TO WATCH: Two competitors, Dollar Tree (DLTR) and Dollar General (DG), were both down fractionally in early trading.
News For BIG;DLTR;DG From The Last 14 Days
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March 2, 2015
09:05 EDTBIGBig Lots upgraded to Accumulate from Hold at Johnson Rice
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February 26, 2015
10:33 EDTDLTRAnalysts split on Dollar Tree after results, Family Dollar commentary
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09:00 EDTDLTRDollar Tree outlook has improved, says Wells Fargo
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08:12 EDTDLTRDollar Tree price target raised to $89 from $79 at UBS
UBS raised its price target on Dollar Tree (DLTR) to $89 from $79 following Q4 results which reinforced that the company has a strong, multi-year growth story. The firm cited its profitable margin profile, strong comps, and the potential to reformat hundreds of Family Dollar (FDO) stores.
07:56 EDTDLTRDollar Tree downgraded at BB&T
As previously reported, BB&T downgraded Dollar Tree to Hold from Buy. The firm downgraded shares due to valuation citing balanced risk/reward.
07:27 EDTDLTRStifel downgraded Dollar Tree on valuation, integration risks
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06:22 EDTDLTRDollar Tree downgraded to Hold from Buy at Stifel
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February 25, 2015
12:31 EDTDLTROn The Fly: Midday Wrap
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11:33 EDTDLTRDollar Tree downgraded to Hold from Buy at BB&T
BB&T downgraded Dollar Tree to Hold based on valuation.
09:45 EDTDLTRDollar Tree says no plans for sweeping change to minimum wage rates
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09:33 EDTDLTRDollar Tree says company, Family Dollar 'ready to integrate'
09:32 EDTDLTRDollar Tree says 'enthusiastic' about Family Dollar deal
Dollar Tree (DLTR) says exceeded 1B transactions in a year for the first time in company's history. Says SSS accelerated throughout the quarter. Says January was strongest comp month of the quarter. Says top selling items in the quarter included party supplies, household products, food. Says believes Canadian market can support up to 1,000 Dollar Tree stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees FY15 CapEx $465M-$475M. Says expects freight costs to be a headwind to gross margin. Sees $8M headwind to sales from earlier Easter holiday. Says may see "some" product delays from West Coast port issues. Doesn't see any share repurchases in 2015. Says more enthusiastic about Family Dollar (FDO) agreement today than when deal was announced in July. Says believes can realize $300M of synergies. Comments made on the Q4 earnings conference call.
07:33 EDTDLTRDollar Tree sees FY15 EPS ex-items $3.30-$3.50, consensus $3.57
Consolidated net sales for the full year are estimated to range from $9.21B-$9.45B, consensus $9.38B. This estimate is based on a low to low-mid single-digit increase in same-store sales, and 7.2% square footage growth.
07:32 EDTDLTRDollar Tree sees Q1 EPS ex-items 69c-74c, consensus 77c
The company estimates consolidated net sales for Q1 to range from $2.15B-$2.2B, consensus $2.2B, based on a low to mid single-digit increase in same-store sales and 6.9% square footage growth.
07:31 EDTDLTRDollar Tree reports Q4 EPS ex-items $1.16, consensus $1.14
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February 24, 2015
15:21 EDTDLTRNotable companies reporting before tomorrow's open
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February 23, 2015
07:57 EDTDGDollar General resumed with an Overweight at JPMorgan
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February 17, 2015
18:17 EDTDGJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
18:06 EDTDGPaulson & Co gives quarterly update on stakes
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07:23 EDTDLTRDollar Tree Q4 results likely to beat expectations, says Stifel
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