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
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, 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 opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, 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. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...