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Stock Market & Financial Investment News

News Breaks
January 3, 2013
10:40 EDTFIVE, DLTR, FDO, DGDiscount chains slip after Family Dollar misses expectations
Several discount retail chains are retreating after Family Dollar (FDO) reported lower than expected earnings per share for its first quarter, and provided second quarter earnings per share guidance that feel below analyst expectations. Family Dollar indicated that a greater number of shoppers than expected took advantage of its discounts, causing its profit margins to decline last quarter. Consumers' "increased financial uncertainty" also weighed on results, the company added. In mid-morning trading, Family Dollar fell $7.07, or 11.04%, to $56.07, while Dollar General (DG) gave back 3.96% to $41.22, Dollar Tree (DLTR) dropped 1.43% to $39.33, and Five Below (FIVE) lost 0.74% to $33.56.
News For DG;DLTR;FIVE;FDO From The Last 14 Days
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December 5, 2014
07:54 EDTFIVEFive Below pullback a buying opportunity, says Jefferies
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07:47 EDTFIVEFive Below weakness would present buying opportunity, says UBS
UBS believes weakness in Five Below shares following the company's Q3 report would be a buying opportunity. The firm sees its issues as temporary and thinks they should be resolved in the next quarter or two and said management comments surrounding the company's mixed Black Friday weekend sales could cause the stock to be mispriced. UBS reiterated its Buy rating but lowered its price target to $48 from $50 on Five Below shares.
06:09 EDTFDO, DG, DLTRDollar Tree provides update on FTC review of pending acquisition of Family Dolla
Dollar Tree (DLTR) announced that it was providing an update regarding the status of the FTC's review of its pending acquisition of Family Dollar (FDO). Dollar Tree and Family Dollar have been actively engaging with the staff of the FTC as they review the pending merger. The company said, "The staff of the FTC is very focused on the discount retail sector (including how Family Dollar’s current pricing rules would impact store prices in a merger transaction) and has indicated that some divestitures will be required for the Pending Merger, which we believe will be no more than our original commitment in the July 27, 2014, Merger Agreement. Dollar Tree will work diligently with the FTC staff over the next few weeks concerning divestitures. Given the relatively small number of divestitures our transaction implicates, Dollar Tree does not expect any such divestiture to have a material impact on its plans for the combined organization. Furthermore, we believe that we will be in a position to complete the financing for the Pending Merger in January 2015 and to complete the Pending Merger as early as February 2015... In connection with its unsolicited tender offer for Family Dollar, Dollar General (DG) continues to refuse to agree to a “hell-or-high-water” commitment. Based on the foregoing concerns regarding the Pending Merger, Dollar Tree believes that the FTC may require divestitures far in excess of the 1,500 stores that Dollar General has offered to divest in its tender offer for Family Dollar... The special meeting of Family Dollar shareholders to vote on the Pending Merger is currently scheduled for December 23, 2014. To facilitate the FTC’s continued review, and in light of the practicalities associated with the transaction, Dollar Tree and Family Dollar have agreed not to close the Pending Merger until January 30, 2015, unless the FTC completes its review of the Pending Merger and terminates the waiting period at an earlier date. Dollar Tree will continue to provide additional information as the special meeting date approaches."
December 4, 2014
18:34 EDTFIVEOn The Fly: After Hours Movers
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17:52 EDTFIVEFive Below drops sharply after results
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16:14 EDTFIVEFive Below drops 5% after Q4 outlook misses expectations
16:12 EDTFIVEFive Below appoints COO Anderson as CEO
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16:11 EDTFIVEFive Below sees FY14 adjusted EPS 87c-90c, consensus 91c
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16:09 EDTFIVEFive Below sees Q4 EPS 59c-62c, consensus 63c
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16:08 EDTFIVEFive Below reports Q3 adjusted EPS 6c, consensus 6c
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15:18 EDTFIVENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $2.03; ULTA Salon (ULTA), consensus 84c; American Eagle Outfitters (AEO), consensus 22c; Five Below (FIVE), consensus 6c; Ambarella (AMBA), consensus 54c; Finisar (FNSR), consensus 25c; Smith & Wesson (SWHC), consensus 7c.
10:27 EDTDG, FDODollar General says it is 'as commited as ever' to Family Dollar acquisition
Dollar General said has been actively engaged with the SEC, making good progress on that front. Since it filed its HSR notification in September, the company said it has provided the FTC with tens of thousands of documents and have had "valuable and productive discussions". Dollar General said the synergies from the acquisition are expected to benefit Dollar General shareholders and consumers for many years to come. Family Dollar is set to vote on the acquisition at a special meeting on December 23. Dollar General said it is "very aware" of the calendar and looks forward to sharing more information in the near future.
10:24 EDTDGDollar General says it may have sacrificed sales to boost units
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08:53 EDTFIVEFive Below December volatility elevated into Q3 and outlook
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07:06 EDTFDO, DGDollar General says committed to acquiring Family Dollar
Dollar General stated: “[We] remain committed to acquiring Family Dollar. We expect to provide an update on our offer in time for Family Dollar shareholders to review such information prior to the Family Dollar shareholders’ meeting scheduled for December 23, 2014.”
07:05 EDTDGDollar General sees opening 730 new stores in FY15
In fiscal 2015, the company plans to open approximately 730 new stores, including the company’s first stores in Maine, Rhode Island and Oregon. In addition, the company plans to relocate or remodel approximately 875 stores with a priority on life cycle remodels. In total, square footage growth is expected to be approximately 6%. Site work has begun on a new distribution center in San Antonio, Texas, with shipping expected to commence in late fiscal 2015.
07:04 EDTDGDollar General now sees FY14 adjusted EPS in middle of $3.45-$3.55 prior range
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07:03 EDTDGDollar General nows sees FY14 sales up 8%, at low end of prior range
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07:01 EDTDGDollar General reports Q3 adjusted EPS 79c, consensus 80c
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06:04 EDTDGStocks with implied volatility above IV index mean; DG ACHN
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