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Street Cheers Home Depot's Latest Quarter
Thursday, February 25, 2016 - 10:30am | 401Wall Street analysts were gleeful after Home Depot Inc (NYSE: HD) beat earnings and revenue consensus for the fourth quarter. The company earned $1.17 per share on sales of $20.98 billion while the Street was expecting $1.10 on $20.39 billion in revenue. 'High-Quality Way To Play Housing...
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Field Checks Show Five Below, Ollie's Beat Holiday Sales Expectations
Wednesday, January 6, 2016 - 10:53am | 467While Five Below Inc (NASDAQ: FIVE) shares are down 13 percent since July 6, shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) have lost 14 percent. Jefferies’ Daniel Binder maintained Buy ratings on both companies, with price targets of $48 for Five Below and of $23 for...
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Jefferies Cautious Ahead Of Kohl's Q3 Results, Notes 'Warm Weather Likely A Near-Term Detriment'
Wednesday, November 11, 2015 - 3:24pm | 519Shares of Kohl's Corporation (NYSE: KSS) sank to a new 52-week low of $42.19 on Wednesday and are now lower by nearly 30 percent year-to-date. Kohl's is scheduled to report its third-quarter results Thursday morning. Daniel Binder of Jefferies commented in a note that Kohl's is...
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Wal-Mart Faces 'Short-Term Pain,' Warns Jefferies Analyst
Thursday, October 15, 2015 - 1:51pm | 329Analysts at Jefferies looked into Wal-Mart Stores, Inc. (NYSE: WMT) short- and longer-term prospects. They agree with management’s decisions for the long term, but see shares range-bound in the shorter term. They reiterated a Hold rating and trimmed their price target from $71 to $58...
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Jefferies: We Still Think Staples-Office Depot Deal Gets FTC Approval
Wednesday, September 23, 2015 - 9:50am | 292Staples, Inc. (NASDAQ: SPLS) has seen a 29.28 percent decline in its share price year-to-date. Jefferies’ Daniel Binder has maintained a Buy rating and price target of $20 on the company. Binder believes that the deal with Office Depot Inc. (NASDAQ: ODP) is likely to be successfully...
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Staples-Office Depot Deal Should Still Get FTC Approval, Jefferies Predicts
Thursday, June 25, 2015 - 10:25am | 305In a report published Thursday, Jefferies analyst Daniel Binder maintained a Buy rating and price target of $20 on Staples, Inc. (NASDAQ: SPLS). The analyst believes that there is a high probability of the deal with Office Depot, Inc. (NASDAQ: ODP) to receive FTC approval. "Demos Parneros,...
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Analysts: Target Margins Put It At Risk By Spending
Thursday, February 26, 2015 - 2:51pm | 354Target Corporation's (NYSE: TGT) plans to spruce up stores to boost traffic may put its profit margins at risk going forward, analysts said Thursday. The Minneapolis-based retailer changed hands recently at $77.31, up $0.16 cents. Target, which posted fourth-quarter same-store sales...
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Jefferies: Home Depot Outlook May Prove Low
Wednesday, February 25, 2015 - 11:26am | 303Home Depot Inc (NYSE: HD) might add to its current share buyback plan while its guidance for 2015 earnings looks conservative, an analyst said Wednesday. The retailer gained sharply on Tuesday after beating fourth-quarter expectations and forecasting full-year earnings of $5.11 to $5.17 a share...
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Jefferies Is Bullish On Retail In 2015, Sees The Fed As A Risk
Thursday, January 8, 2015 - 4:44pm | 395Jefferies issued a Q4 Checkpoint and Retail Outlook and expected good holiday results with strong retail sales in 2015. “This optimism stems from steady improvement in y-y growth rates for jobs, wages, credit and home prices. Consumer confidence has risen and lower gas prices should also...
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Jefferies Adjusts Estimates For Target
Wednesday, January 7, 2015 - 5:07pm | 209Jefferies adjusted its estimates for Target Corporation (NYSE: TGT) Wednesday and maintained a Hold rating with a $67 price target. Analyst Daniel Binder raised the “U.S. comp store sales estimate to +2.5 percent from +2 percent (guidance is 2 percent, Street is 2.5 percent). “...
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Jefferies Reiterates On Best Buy, Expects 'Strong Holiday' Results
Wednesday, January 7, 2015 - 4:23pm | 236Jefferies commented on Best Buy Co Inc (NYSE: BBY) Wednesday and reiterated its Buy rating and $46 price target. Analyst Daniel Binder believed “Best Buy saw a strong holiday season supported by product cycles across the store including TV, mobile, gaming, computing and appliances....
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Jefferies Reiterates On Five Below, 'Had A Good Holiday Season'
Wednesday, January 7, 2015 - 4:21pm | 223Jefferies commented on Five Below Inc (NASDAQ: FIVE) Wednesday and reiterated its Buy rating and $52 price target. Analyst Daniel Binder noted that it “looked like management set the bar low for Q4 at a 4 percent comp even after coming in better than expected in Q3. “Based on our...
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Jefferies: Wal-Mart Saw Good Holiday Sales, Lower Gas Prices To Help
Wednesday, January 7, 2015 - 12:19pm | 188Daniel Binder of Jefferies commented in a note on Wednesday that Wal-Mart Stores, Inc. (NYSE: WMT) likely saw good holiday sales and that its momentum will likely continue in the near-term. “Despite some bottlenecks due to port issues, we think the company saw good Holiday results based on our...
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Jefferies Details Kohl's Outlook, Says Company May Benefit From Easy Comparisons
Wednesday, January 7, 2015 - 12:17pm | 249Daniel Binder of Jefferies issued an outlook for Kohl's Corporation (NYSE: KSS) on Wednesday. Binder notes that during the company's third quarter fiscal 2015 release, management stated that its new loyalty program and other initiatives will provide a 2 percent to 3 percent comp store...
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Jefferies Sees Wider Margins For Home Depot
Friday, December 5, 2014 - 1:16pm | 307Home Depot Inc (NYSE: HD) managers are bullish about the economy and home remodeling cycle while eyeing profit growth through improved store layouts and new product lines, an analyst said Friday. Jefferies Daniel Binder reiterated a Buy rating and $113 target on the Atlanta-based home...