New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For LTD;PETM;NTAP From The Last 14 Days
Check below for free stories on LTD;PETM;NTAP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
11:21 EDTNTAPNetApp says driving organic growth is priority for use of capital
Subscribe for More Information
August 26, 2014
15:04 EDTNTAPNetApp extends alliance with VMware on cloud computing
Subscribe for More Information
August 22, 2014
16:42 EDTPETMMarket finishes week higher on economic data, earnings
Subscribe for More Information
August 21, 2014
09:27 EDTPETMPetSmart LBO upside would be modest, says RBC Capital
Subscribe for More Information
August 20, 2014
13:24 EDTPETMAnalyst outlooks on PetSmart mixed after flood of news
Analysts had mixed outlooks on PetSmart (PETM) after the retailer announced last night higher than expected second quarter profits, the acquisition of pet e-commerce website Pet360 and that it would explore strategic alternatives, including a possible sale of the company. PetSmart also reiterated its prior full-year profit guidance. WHAT'S NEW: In a note to investors today, Morgan Stanley analyst Simeon Gutman wrote that there is no obvious way for PetSmart to create value for shareholders, as a leveraged buyout of the company is "mathematically feasible," while a merger with its main competitor, Petco, could encounter regulatory hurdles. Moreover, PetSmart's comp sales fell 0.5% last quarter, and its margins and cash flow are unlikely to rise going forward, Gutman stated. He kept an Equal Weight rating on the shares. More upbeat was Stifel analyst David Schick, who wrote that PetSmart's news was positive overall. The acquisition of Pet360 will significantly enhance PetSmart's e-commerce offerings, as Pet360 has a cleaner interface than PetSmart's current website, according to Schick. Moreover, Pet360, unlike PetSmart's website, offers discounts to customers who have food automatically shipped to them, and comScore data indicates that Pet360's visitor totals are growing significantly, Schick stated. PetSmart's decision to explore strategic alternatives is also positive, as the analyst continues to believe that going private or merging with private company Petco would make sense for PetSmart. But the analyst thinks that the company's earnings beat in Q2 was mainly driven by cost cutting, while its decision to maintain its full-year guidance suggests that it sees challenges ahead. Schick kept a Hold rating on the shares. PRICE ACTION: In mid-afternoon trading, PetSmart was little changed at $70.
10:28 EDTPETMPetSmart confident in delivering double-digit sales growth in next 3-5 years
Subscribe for More Information
09:07 EDTPETMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:42 EDTPETMPetSmart LBO feasible but screens unattractive, says Morgan Stanley
Morgan Stanley said an LBO of PetSmart is possible but screens unattractive and notes its difficult to forecast margin and cash flow upside. The firm says a merger with Petco has the greatest upside but also would face regulatory hurdles. Shares are Equal Weight rated.
07:34 EDTPETMPetSmart news positive overall, says Stifel
After PetSmart announced higher than expected EPS, said that it would acquire the website Pet 360 and said it would pursue strategic alternatives, Stifel is upbeat on the Pet360 deal. The firm thinks the acquisition was a meaningful step by PetSmart to improve its lagging ecommerce offerings. But the firm thinks the company's EPS beat was mainly driven by cost cutting and it views the retailer's guidance negatively. Stifel keeps a Hold rating on the shares.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use