Welcome!

News Feed Item

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

Editor Note: For more information about this release, please scroll to bottom.

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:

http://www.analystsreview.com/Aug-22-2014/TJX/report.pdf

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:

http://www.analystsreview.com/Aug-22-2014/DKS/report.pdf

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:

http://www.analystsreview.com/Aug-22-2014/PETM/report.pdf

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:

http://www.analystsreview.com/Aug-22-2014/TGT/report.pdf

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:

http://www.analystsreview.com/Aug-22-2014/ROST/report.pdf

About Analysts Review

We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.

===============
EDITOR'S NOTES:
===============

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

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.AnalystsReview.com

SOURCE Analysts Review

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
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...