News Breaks |
|
|
| March 22, 2013 |
| 10:58 EDT |  | FDO, WMT, DG | Family Dollar falls after analysts express opposite views
Two research firms expressed different opinions on Family Dollar (FDO) in notes to investors earlier today. Deutsche Bank upgraded the stock to Buy from Hold, while Citigroup downgraded the shares to Neutral from Buy. Fears about future declines in the discount retailer's margins have probably peaked, according to Deutsche Bank analyst Paul Trussell. The company's selling, general and administrative expenses disappointed investors in the first quarter of the company's fiscal year, but investors are now well aware of the headwinds that caused the situation and the problems should ease going forward, Trussell believes. Meanwhile, fears about a price war among dollar store companies is overdone, and Family Dollar is taking market share from Wal-Mart (WMT), according Deutsche's analyst, who added that Family Dollar has begun to benefit from tax refunds. Trussell expects the company's same-store sales to rise 4.3% in the second half of the year and he set a $71 price target on the shares. Conversely, Citigroup analyst Deborah Weinswig expects Family Dollar to have more difficulty beating analysts' earnings expectations going forward. The retailer's margins are likely to be hurt by stronger sales of less profitable items, according to the Citi analyst. Moreover, Family Dollar's "single store format" is hurting the company's ability to compete against Dollar General (DG), which has two expanded store formats, Weinswig wrote. She trimmed her price target on Family Dollar to $65 from $69. In mid-morning trading, Family Dollar fell 95c, or 1.5%, to $60.80. |
|
|
News For FDO;DG;WMT From The Last 14 Days Check below for free stories on FDO;DG;WMT the last two weeks. |
|
|
| June 18, 2013 |
| 08:02 EDT | | DG | Dollar General completes $200M share repurchase program
 Subscribe for More Information |
|
| June 17, 2013 |
| 15:29 EDT | | WMT | Google's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link |
|
| June 15, 2013 |
| 17:46 EDT |  | WMT | Wal-Mart appoints Cash as new presiding director, Reuters says
Subscribe for More Information |
|
| June 14, 2013 |
| 07:21 EDT |  | WMT | Clinton Global Initiative to host to host a meeting
Subscribe for More Information |
|
| June 13, 2013 |
| 09:30 EDT | | WMT | Clinton Global Initiative to host to host a meeting
Subscribe for More Information |
|
| 05:48 EDT | | WMT | Wal-Mart increases hiring but uses temps, Reuters reports
In recent months, Wal-Mart Stores has been only hiring temporary workers at many of its U.S. stores, the first time the major retailer has done so outside of the holiday shopping season, reports Reuters.Reference Link |
|
| June 12, 2013 |
| 16:54 EDT | | WMT | H&R Block not renewing relationship with Wal-Mart
On its Q4 earnings call H&R Block (HRB) stated that it was not renewing its relationship with Wal-Mart (WMT), saying it was an economic and operational decision. Results in this channel did not meet the company's expectations and H&R Block is confident that it can serve its clients better in its other 10,000 plus neighborhood locations. H&R Block does not expect its decision to exit Walmart locations to have a material impact on results going forward. |
|
| 07:22 EDT | | DG | Piper Jaffray to host a conference
Subscribe for More Information |
|
| June 10, 2013 |
| 10:52 EDT | | WMT | Green Dot rises after taking over Wal-Mart prepaid cards from GE
Subscribe for More Information |
|
| 08:52 EDT | | WMT | Green Dot to acquire GE Bank prepaid cards with 'Walmart' branding
Subscribe for More Information |
| |
| 08:47 EDT | | WMT | Green Dot to acquire GE Bank 'Walmart' marked prepaid cards
Subscribe for More Information |
|
| June 7, 2013 |
| 16:26 EDT |  | WMT | On The Fly: Closing Wrap
Subscribe for More Information |
|
| 14:26 EDT | | WMT | Wal-Mart says e-commerce growth has begun to accelerate
Subscribe for More Information |
|
| 14:13 EDT | | WMT | Wal-Mart says aims for SSS growth in all markets
Subscribe for More Information |
|
| 11:47 EDT | | WMT | Wal-Mart CEO expects to generate $10B in global e-commerce sales
Subscribe for More Information |
|
| 09:38 EDT |  | WMT | Wal-Mart moves higher on share buyback plan, levels to watch
Subscribe for More Information |
|
| 09:30 EDT | | WMT | Wal-Mart approves new $15B share repurchase program
Subscribe for More Information |
|
| 09:28 EDT | | WMT | Wal-Mart approves new $15B share repurchase program
Subscribe for More Information |
|
| 08:23 EDT | | WMT | Wal-Mart to host a management update
President & CEO Duke provides a management update for the investment community, including a Q&A session, in a webcast being held on June 7 at 1:45 pm. Webcast Link |
|
| 07:08 EDT |  | WMT | Wal-Mart volatility flat into update to investment community
Subscribe for More Information |
| |
|
|
|
|
