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.


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
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
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...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
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.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom 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. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...