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Earnings Release and Market Activity - Research Reports on TJX Companies, Dick's Sporting, PetSmart, Target and Ross Stores

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NEW YORK, August 22, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding The TJX Companies, Inc. (NYSE: TJX), Dick's Sporting Goods Inc. (NYSE: DKS), PetSmart, Inc. (NASDAQ: PETM), Target Corp. (NYSE: TGT) and Ross Stores Inc. (NASDAQ: ROST). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5909-100free.

The TJX Companies, Inc. Research Reports

On August 19, 2014, shares of The TJX Companies, Inc. (TJX Companies) rallied 8.65% to end the trading session at $58.56, after the Company reported better-than-expected Q2 FY 2015 earnings and lifted FY 2015 EPS guidance. The Massachusetts-based Company's net income came in at $517.6 million or $0.73 per diluted share, up from $479.6 million or $0.66 per diluted share in Q2 FY 2014. Excluding a debt extinguishment charge of $0.02 per share, Q2 FY 2015 adjusted EPS were $0.75, against an expected $0.73 per share earnings forecast of analysts polled by Thomson Reuters, on an average. Total net sales increased 7.4% YoY to $6.92 billion, surpassing analysts' consensus revenue estimate of $6.88 billion. For FY 2015, TJX Companies now forecasts adjusted EPS in the range of $3.10 to $3.18, representing an increase of 10% - 12% over adjusted EPS of $2.83 in FY 2014, which excludes a tax benefit of $0.11 per share. The full research reports on TJX Companies are available to download free of charge at:


Dick's Sporting Goods Inc. Research Reports

On August 19, 2014, Dick's Sporting Goods Inc. (Dick's Sporting) reported Q2 FY 2014 (period ended August 2, 2014) financial results, which topped analysts' estimates. GAAP net income declined to $69.5 million, or $0.57 per diluted share, from $84.2 million, or $0.67 per diluted share, in Q2 FY 2013. Earnings, adjusted for restructuring costs of $20.4 million, came to $0.67 per share, which is above $0.65 cents per share forecast of analysts surveyed by Zacks Investment Research. Net sales for Q2 FY 2014 increased 10.3% YoY to $1.7 billion. For FY 2014, the Company anticipates consolidated non-GAAP diluted EPS of approximately $2.70 to $2.85, and that of $0.38 to $0.42 for Q3 FY 2014. Commenting on the results, Edward W. Stack, Chairman and CEO of Dick's Sporting, said, "As anticipated, the golf and hunting businesses continued to experience negative comps. However, excluding these two categories, the remainder of the business delivered a 7.8% same store sales increase." The full research reports on Dick's Sporting are available to download free of charge at:


PetSmart, Inc. Research Reports

On August 19, 2014, PetSmart, Inc. (PetSmart) announced Q2 FY 2014 (period ended August 3, 2014) financial results and reaffirmed its FY 2014 guidance. According to PetSmart, Q2 FY 2014 net income increased to $98.1 million, from $93.4 million in the prior year period. Q2 FY 2014 diluted EPS increased by 10.1% YoY to $0.98 per share. Net sales for Q2 FY 2014 increased 1.4% YoY to $1.7 billion. Comparable store sales, or sales in stores open at least one year, including online sales, decreased 0.5%, with comparable transactions decreasing 2.6%. For FY 2014, the Company expects EPS in the range of $4.29 to $4.39. In a separate press release, the same day, PetSmart informed that the Board of Directors has determined to explore strategic alternatives to maximize value for shareholders, including a possible sale of the Company. The full research reports on PetSmart are available to download free of charge at:


Target Corp. Research Reports

On August 20, 2014, Target Corp. (Target) reported Q2 FY 2014 and H1 FY 2014 financial results (period ended August 2, 2014). Sales inched up 1.7% YoY to $17.4 billion in Q2 FY 2014, and increased 1.9% YoY to $34.5 billion in H1 FY 2014. For Q2 FY 2014, net income contracted to $234 million, or 37 cents per diluted share, from $611 million or 95 cents per diluted share, in the prior year period. Target said that for the Q2 FY 2014 and H1 FY 2014, it recorded $148 million and $175 million of pretax Data Breach-related expenses, respectively. For Q3 FY 2014, the Company expects adjusted EPS, reflecting operating results in its U.S. and Canadian Segments, of $0.40 to $0.50. For FY 2014, Target lowered its adjusted EPS estimates to $3.10 to $3.30, from the prior guidance of $3.60 to $3.90. The full research reports on Target are available to download free of charge at:


Ross Stores Inc. Research Reports

On August 19, 2014, shares of Ross Stores Inc. gained 4.04% from its previous day's close to end the trading session at $69.31. A total of 3.11 million shares were traded higher than the 30-day average trading volume of 1.79 million shares. The stock opened at $67.35 and touched an intraday high of $69.45 and a low of $67.35. The stock has a 52-week high of $81.99. Year-till-date the stock has declined 6.68%, underperforming the broader market index (S&P 500), which returned 8.17% during the same period. The full research reports on Ross Stores are available to download free of charge at:


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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

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