Welcome!

News Feed Item

The Zacks Analyst Blog Highlights: Post Holding, Target, Barnes & Noble, Kirkland's and TJX

CHICAGO, Jan. 21, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Post Holding Inc (NYSE:POST-Free Report), Target Corp. (NYSE:TGT-Free Report), Barnes & Noble, Inc. (NYSE:BKS-Free Report),Kirkland's Inc. (Nasdaq:KIRK-Free Report) and TJX Companies, Inc. (NYSE:TJX-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Monday's Analyst Blog:

Post Holdings Upped to Strong Buy

Zacks Investment Research upgraded Post Holding Inc (NYSE:POST-Free Report) to a Zacks Rank #1 (Strong Buy) on Jan 17, driven by back-to-back acquisitions announced in the recent past.

Why the Upgrade?

On Jan 2, this cereal maker completed the acquisition of private label pasta manufacturer Dakota Growers Pasta Company, Inc. for $370 million. The company has plans to create a unit, combining Dakota Growers and Golden Boy Foods Ltd., whose acquisition was announced in Dec 2013.

Golden Boy is a North American manufacturer of private label peanut and other nut butters, as well as dried fruit, baking and snacking nuts. Golden Boy is a key supplier to the U.S. and Canadian retail and foodservice channels. Post Holdings has agreed to pay Canadian $320 million for Golden Boy on a cash-free, debt-free basis and the transaction is expected to be complete in Feb 2014.

The company believes that the combination of Dakota Growers and Golden Boy will bear fruits as it will beef up the company's private label products of both Dakota Growers and Golden Boy as well as expand the active nutrition categories of the company. The combined unit will have annual net sales in excess of $500 million.

In Dec 2013, Post Holdings also agreed to buy privately owned Dymatize for $380 million, along with the announcement of Golden Boy acquisition. The Dymatize deal is also expected to close in Feb 2014 and includes a contingent payment of up to $17.5 million.

Dymatize manufactures and markets premium protein powders, bars and nutritional supplements under the Dymatize and Supreme Protein brands. The acquisition of Dymatize comes three months after Post Holdings bought the branded food and beverage business of Premier Nutrition Corp., a maker of products like vanilla shakes.

Post Holdings believes that adding Dymatize to its business would enable it to serve a different set of customers compared to the former Premier Nutrition Corp. assets. Dymatize supplies speciality U.S. stores, plus food, drug and mass merchandise outlets. Premier sells into club stores, as well as the food, drug and mass channels.

The company has been concentrating on active nutrition and private label since the last one year in order to transform the company from a low-growth, single-category participant to a more diversified consumer products enterprise, with a better product portfolio and stronger participation in retail channels and categories. The acquisition of Attune Foods (in Jan 2013) and the Hearthside's Golden Temple granola business (May 2013) provided entry into the natural specialty channels, where natural and organic cereals are experiencing high single-digit growth.

Target Downed to Strong Sell

Zacks Investment Research downgraded Target Corp. (NYSE:TGT-Free Report) to a Zacks Rank #5 (Strong Sell) on Jan 15.

Why the Downgrade?

Target has witnessed sharp downward estimate revisions after the public acknowledgement of the massive security breach that affected nearly 70 million customers and the subsequent trimming of its fourth-quarter fiscal 2013 guidance. The company's stock price hit a 52-week low of $59.87 on Jan 17, 2014. Since the announcement of the breach, Target has lost 3.1% of its market capitalization.

The company now expects adjusted earnings per share for its U.S. segment in the range of $1.20 to $1.30, compared with the previous projection of $1.50 to $1.60. Further, comparable store sales are expected to decline 2.5% in the fourth quarter as against flat comps forecasted earlier.

Target faced its worst security breach when information related to credit and debit card holders were hacked. The theft occurred during the holiday season, from a day before Thanksgiving up to Dec 15. The company publicly recognized the breach four days later on Dec 19, 2013.

Recently, as part of the ongoing inquiry, Target had disclosed that the data theft included names, mailing and email addresses as well as phone numbers. Notably, the company has extended help to aggrieved customers by offering one year of complimentary credit monitoring and identity theft safeguard. Target's customers have three months to register for the program.

Moreover, Target, as per media reports, has been slapped with several lawsuits in the past few days over the fallout from the security breach, thereby increasing its legal woes. We feel more troubles could brew for the specialty retailer ahead.  

The Zacks Consensus Estimate for fiscal 2013 decreased 16.1% to $3.23 per share over the last 60 days. For fiscal 2014, most of the estimates were revised downward, over the last 60 days, dragging the Zacks Consensus Estimate by 10.3% to $4.43 per share.

Other Stocks to Consider

Some better-ranked retail stocks worth considering for investment purpose include Barnes & Noble, Inc. (NYSE:BKS-Free Report),Kirkland's Inc. (Nasdaq:KIRK-Free Report) and The TJX Companies, Inc. (NYSE:TJX-Free Report). While Barnes & Noble and Kirkland's sport a Zacks Rank #1 (Strong Buy), TJX Companies carries a Zacks Rank #2 (Buy).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on POST - FREE

Get the full Report on TGT - FREE

Get the full Report on BKS - FREE

Get the full Report on KIRK - FREE

Get the full Report on TJX - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
Recognizing the need to identify and validate information security professionals’ competency in securing cloud services, the two leading membership organizations focused on cloud and information security, the Cloud Security Alliance (CSA) and (ISC)^2, joined together to develop an international cloud security credential that reflects the most current and comprehensive best practices for securing and optimizing cloud computing environments.
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Column Technologies will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principal...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
SYS-CON Events announced today that (ISC)²® (“ISC-squared”) will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Two leading non-profits focused on cloud and information security, (ISC)² and Cloud Security Alliance (CSA), developed the Certified Cloud Security Professional (CCSP) certification to address the increased demand for cloud security expertise due to rapid growth in cloud. Recently named “The Next...