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Wal-Mart Investments In Low-Pricing Put Pressure On Everyone From Grocers To Dollar Stores
Monday, September 12, 2016 - 2:20pm | 389Wal-Mart Stores, Inc. (NYSE: WMT) continues to invest in its pricing, which is triggering headaches for many of its traditional and non-traditional peers. Daniel Binder, a consumer and retailer analyst at Jefferies, commented in a research note on Monday that his August pricing work shows Wal-Mart...
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Why These Analysts Say Buy Five Below For Cheap After Light Guidance Sparks Sell-Off
Tuesday, September 6, 2016 - 10:01am | 488Five Below Inc (NASDAQ: FIVE), a specialty teen retailer that sells all items for $1 to $5 a piece, saw its stock dip after its second-quarter comp increase fell short of expectations, and the company's third quarter sales guidance implies a lower rate of growth. Following the selloff, several Wall...
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A Beat And Raise Quarter For Ollie's Bargain Outlet
Thursday, September 1, 2016 - 3:40pm | 365Jefferies maintains its Buy rating on Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) after another quarter showed comp sales and EPS ahead and above Street expectations. The SSS increase of 3.5 percent came in ahead of Jefferies and the Street's expectations for +1.0 percent. The company...
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Buy The Weakness In Five Below, Says Jefferies
Thursday, September 1, 2016 - 12:41pm | 257Jefferies says buy the weakness in Five Below Inc (NASDAQ: FIVE) shares, which were down after the retailer guided third quarter comp below Street. The company's third quarter comparable store sales guidance of +1-2 percent was below the Street's +2.5 percent estimate. The company...
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Soft Sales And Weak Guidance Get Williams-Sonoma A Lower Price Target From Jefferies
Thursday, August 25, 2016 - 9:35am | 275Williams-Sonoma, Inc. (NYSE: WSM) reported mixed Q2 results, with sales missing expectations. All the company’s brands, with the exception of West Elm, were about flat or down, Jefferies’ Daniel Binder mentioned in a report. He maintained a Hold rating on Williams-Sonoma, while...
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Jefferies Wonders If Staples Interim CEO Wants The Job On A Permanent Basis
Thursday, August 18, 2016 - 2:13pm | 239Jefferies said it appears that interim CEO Shira Goodman appears to want the CEO job of Staples, Inc. (NASDAQ: SPLS) on a permanent basis as she laid out a compelling vision for Staples, one that will narrow its geographic focus and diversify away from core office products. Goodman also...
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Retail Earnings Showdown: Wal-Mart Vs. Target
Friday, August 12, 2016 - 1:30pm | 519Jefferies sees Wal-Mart Stores, Inc. (NYSE: WMT)'s second quarter same-store sales ahead of the Street and in-line on EPS, while maintaining its sales and EPS estimates for Target Corporation (NYSE: TGT). Wal-Mart Wal-Mart is expected to announce its second quarter results on August 18,...
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Better Weather May Have Helped Kohl's In Q2
Wednesday, August 10, 2016 - 10:15am | 315Jefferies’ Daniel Binder mentioned that while the department store industries continues to be under pressure, various data sets and checks suggest that Kohl's Corporation (NYSE: KSS) is faring better than in Q1 due to better weather. Binder maintained a Buy rating on the company, with...
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10 Reasons To Buy Wal-Mart Stock: 'Battleship Is Starting To Turn As Execution Improves'
Monday, June 6, 2016 - 9:47am | 430Jefferies’ Daniel Binder mentioned that store checks and Jefferies’ survey suggest Wal-Mart Stores, Inc.’s (NYSE: WMT) store improvements have been leading to improved store conditions, which are reflected in the Q1 sales results. Binder upgraded the rating on the company from...
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Jefferies' Daniel Binder Discusses His First-Hand Observations At Wal-Mart Stores
Thursday, May 19, 2016 - 12:49pm | 270Jefferies' retail expert Daniel Binder took a unique approach to evaluating Wal-Mart Stores, Inc. (NYSE: WMT) and its stock by visiting stores first hand. Speaking as a guest on CNBC, Binder said the New Jersey market used to contain some "pretty rough stores." However, the...
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Jefferies Previews Discount Retail Q1 Earnings
Saturday, May 14, 2016 - 6:46pm | 460Jefferies expects "modest same-store sales growth from discounters in the range of 0.5–2.5 percent for Q1," and maintains its same-store sales estimate for major discount chains. The brokerage's same store sales estimates for various discount retailers are as follows: Wal-Mart Stores, Inc. (...
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Expect A Strong Q1 From Home Improvement Retailers, Jefferies Says
Friday, May 13, 2016 - 4:11pm | 291Jefferies analyst Daniel Binder has some high hopes for Lowe’s Companies, Inc. (NYSE: LOW) and Home Depot Inc (NYSE: HD) this earnings season. According to Binder, investors should expect earnings beats from both companies in Q1. However, he predicts it may take more than a modest beat to...
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Jefferies Downgrades Office Depot, Staples Following Merger Termination
Wednesday, May 11, 2016 - 3:36pm | 556Jefferies has downgraded both Staples, Inc. (NASDAQ: SPLS) and Office Depot Inc (NASDAQ: ODP) to Hold from Buy, following the termination of their merger. Analyst Daniel Binder noted that their prior ratings were based on Staples successfully acquiring Office Depot and benefiting from $1...
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Lumber Liquidators Sales Could Get Worse Before Getting Better, Street Warns
Tuesday, March 1, 2016 - 10:04am | 188Jefferies’ Daniel Binder maintained a Hold rating for Lumber Liquidators Holdings Inc (NYSE: LL), while reducing the price target from $14 to $11. He said that Lumber Liquidators continued to witness declining sales amid consumer product concerns resulting in significant expense deleverage...
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Target's Analyst Day Is Almost Here: What To Know
Thursday, February 25, 2016 - 12:11pm | 340Jefferies' Daniel Binder has maintained a Hold rating on Target Corporation (NYSE: TGT) with a price target of $78.00, while Credit Suisse's Michael Exstein has also maintained a Neutral rating with a price target of $72.00. Upbeat Analyst Day Likely "As we reflect on a lot of...