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9300.0
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2015-08-26 00:00:00 UTC
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Strength Seen in Best Buy (BBY): Stock Surges 12.6%
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AAN
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https://www.nasdaq.com/articles/strength-seen-in-best-buy-bby%3A-stock-surges-12.6-2015-08-26
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nan
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nan
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Best Buy Co., Inc. ( BBY ) was a big mover last session, as the company saw its shares rise roughly 13% on the day. The move came on the company's announcement of better-than-expected second-quarter 2015 results on Tuesday. This led to solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now trading above the volatile price range of $29.27 to $32.64.
The company has seen no estimate revisions over the past 7 days and the Zacks Consensus Estimate is unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Best Buy currently has a Zacks Rank #3 (Hold).
A better-ranked retail stock is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy).
Is BBY going up? Or down? Predict to see what others think: Up or Down
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BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked retail stock is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Co., Inc. ( BBY ) was a big mover last session, as the company saw its shares rise roughly 13% on the day.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked retail stock is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked retail stock is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Best Buy Co., Inc. ( BBY ) was a big mover last session, as the company saw its shares rise roughly 13% on the day.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked retail stock is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Best Buy Co., Inc. ( BBY ) was a big mover last session, as the company saw its shares rise roughly 13% on the day.
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9301.0
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2015-08-26 00:00:00 UTC
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Best Buy to Expand Sales of Apple Watch Across All Stores
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AAN
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https://www.nasdaq.com/articles/best-buy-to-expand-sales-of-apple-watch-across-all-stores-2015-08-26
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nan
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nan
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Best Buy Company, Inc.BBY appears to be impressed by Apple Inc.'s AAPL new smart watch. This specialty retailer of consumer electronics believes the Apple Watch has mass appeal and that its demand would further increase in the coming days.
Consequently, Best Buy announced that it would expand distribution of the Apple Watch in a multi-fold manner, ahead of the upcoming holiday season as demand for the product has exceeded expectations.
We note that Best Buy was the first retailer, other than Apple's own stores, to sell the smart watch. Earlier this month, the hi-tech gadget was available across more than 100 Best Buy stores as well as online on BestBuy.com.
Given the growing demand of the watch, Best Buy has decided to make it available across all of its 1,050 big-box stores by the end of Sep, 2015. Apart these stores, the Apple Watch will also be sold at about 30 Best Buy Mobile Stores by the end of the above mentioned time frame.
Further, Best Buy will start selling AppleCare warranties later this year. The company will also turn into an authorized service provider for Apple products by the holiday season. The authorized service facilities will be initially available across 50 Best Buy stores.
The move signifies Best Buy's deepening ties with Apple. The company also announced that it has been revamping the 740 Apple shop-in-shops with help from the tech giant. Best Buy disclosed that it has finished upgrading about 350 in house Apple stores and expects to upgrade approximately 520 outlets by the holiday season.
The upgraded Apple shop-in-shops have new fixtures and more display tables for iPhones, iPads, MacBook and the Apple Watch. These facilities are expected to enhance customers' shopping experience and give an edge to Best Buy over its competitors.
As per sources, Apple's CEO Tim Cook did not disclose much about the sales of Apple Watch in the company's third-quarterearnings callon Jul 21, 2015. Moreover, third party research hinted that the Apple Watch sales have slowed down compared to the initial sales after its launch in April.
However, Best Buy looks convinced about the success of Apple Watch in the coming days.
At present, Best Buy carries a Zacks Rank #3 (Hold). A better-ranked stock in the same industry is Aaron's, Inc. AAN , sporting a Zacks Rank #1 (Strong Buy). Another better-ranked stock in the related industry is Target Corp. TGT , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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APPLE INC (AAPL): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the same industry is Aaron's, Inc. AAN , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. This specialty retailer of consumer electronics believes the Apple Watch has mass appeal and that its demand would further increase in the coming days.
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Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is Aaron's, Inc. AAN , sporting a Zacks Rank #1 (Strong Buy). Another better-ranked stock in the related industry is Target Corp. TGT , carrying a Zacks Rank #2 (Buy).
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Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same industry is Aaron's, Inc. AAN , sporting a Zacks Rank #1 (Strong Buy). We note that Best Buy was the first retailer, other than Apple's own stores, to sell the smart watch.
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A better-ranked stock in the same industry is Aaron's, Inc. AAN , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. We note that Best Buy was the first retailer, other than Apple's own stores, to sell the smart watch.
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9302.0
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2015-08-25 00:00:00 UTC
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Best Buy's (BBY) Q2 Earnings, Revenues Crush Estimates
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AAN
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https://www.nasdaq.com/articles/best-buys-bby-q2-earnings-revenues-crush-estimates-2015-08-25
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nan
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nan
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Shares of Best Buy Company, Inc.BBY are trading up 15% in pre-market session after the company reported better-than-expected second-quarter fiscal 2016 results. Adjusted earnings from continuing operations for the quarter came in at 49 cents, crushing the Zacks Consensus Estimate of 34 cents and the year-ago quarter figure of 42 cents.
Including one-time items, earnings per share of 46 cents were up 9.5% year over year.
Driven by robust domestic business, revenues of $8,528 million beat the Zacks Consensus Estimate of $8,301 million while on a year-over-year basis, revenues were up 0.8%.
Major appliances, large screen TVs and mobile phones were the strong performing categories. The company credited its effective strategy of "offering advice, service and convenience at competitive prices" to be the key growth driver.
Best Buy's efforts to make a significant turnaround are paying off, as reflected in the company's results. The company had resorted to severe cost cutting under the Renew Blue program, which showed tremendous success in fiscal 2015. The company has achieved total annualized cost savings to $1.02 billion under the program. Under the phase two of the plan, which commenced in fiscal 2016, the company intends to improve annualized operating income by $400 million over the next three years.
Back to results, enterprise comparable-store sales (comps) were up 3.8% versus a 2.2% fall in the prior-year period.
Further, gross profit grew 6.1% year over year to $2,098 million during the quarter while gross margin expanded 120 basis points (bps) to 24.6%. Adjusted operating profit of $292 million increased 20.7% while operating margin was up 50 bps to 3.4%.
Segment Details
Domestic segment revenues grew 3.9% to $7,878 million due 2.7% increase in comps and benefits from installment billing plan.
Comparable-online sales rose 17% to $676 million driven by improved traffic and conversion rates. Growth witnessed in TVs and mobiles more than offset the decline in categories like tablets.
The segment's adjusted gross profit grew 8.9% to $1,936 million during the quarter, while adjusted margin came in at 24.6%, up 120 bps due to favorable product mix and benefits from changes in mobile warranty plans. Adjusted operating income of $313 million was up 16.4% while adjusted margin was up 50 bps to 4%.
International segment revenues dropped 25.6% to $650 million due to brand consolidation and soft performance in Canada along with unfavorable fluctuations in foreign exchange rates.
The segment's adjusted gross profit declined 25.5% to $149 million in the quarter, while margin was flat at 22.9%. Adjusted operating loss decreased to $21 million from a loss of $27 million in the year-ago period.
Other Financial Details
Best Buy ended the quarter with cash and cash equivalents of $1,800 million, long-term debt of $1,227 million and total equity of $4,622 million.
Guidance
Going forward, Best Buy expects Domestic business adjusted revenues in the third quarter to be either flat or grow in the low-single digits while segment adjusted operating income is likely to remain unchanged year over year as increase in gross profit will be offset by rise in expenses.
Brand consolidation and currency headwinds will lead to a 30% drop in International revenues in the current quarter. Adjusted operating margins for the segment are estimated to be in the range of -2.5% to -3.5%.
Given cumulative effect of these factors, the company expects enterprise revenues in the third quarter of fiscal 2016 to be either flat or fall in the low-single digits and operating margins to remain flat or fall 20 bps.
Zacks Rank
Best Buy carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the retail space include Boot Barn Holdings, Inc. BOOT , Aaron's, Inc. AAN and American Eagle Outfitters, Inc. AEO . Aaron's and Boot Barn Holdings sport Zacks Rank #1 (Strong Buy), while American Eagle has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
BOOT BARN HLDGS (BOOT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOOT , Aaron's, Inc. AAN and American Eagle Outfitters, Inc. AEO . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report To read this article on Zacks.com click here. The company credited its effective strategy of "offering advice, service and convenience at competitive prices" to be the key growth driver.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report To read this article on Zacks.com click here. BOOT , Aaron's, Inc. AAN and American Eagle Outfitters, Inc. AEO . Given cumulative effect of these factors, the company expects enterprise revenues in the third quarter of fiscal 2016 to be either flat or fall in the low-single digits and operating margins to remain flat or fall 20 bps.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report To read this article on Zacks.com click here. BOOT , Aaron's, Inc. AAN and American Eagle Outfitters, Inc. AEO . The segment's adjusted gross profit grew 8.9% to $1,936 million during the quarter, while adjusted margin came in at 24.6%, up 120 bps due to favorable product mix and benefits from changes in mobile warranty plans.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report BOOT BARN HLDGS (BOOT): Free Stock Analysis Report To read this article on Zacks.com click here. BOOT , Aaron's, Inc. AAN and American Eagle Outfitters, Inc. AEO . Under the phase two of the plan, which commenced in fiscal 2016, the company intends to improve annualized operating income by $400 million over the next three years.
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9303.0
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2015-08-21 00:00:00 UTC
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5 Best Stocks in the 5 Best Industries
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AAN
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https://www.nasdaq.com/articles/5-best-stocks-5-best-industries-2015-08-21
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nan
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nan
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There's an old investing theory that states that at least 50% of a stock's movement can be attributed to the group that it is in. In other words, the main driver for a stock is the overall performance of the industry it belongs to.
Whether or not a stock's industry is truly responsible for half of its movement, it is certainly important to consider the industry when investing in a company. An "ok" stock in a great industry will probably perform better than a great stock in a bad industry.
Here at Zacks, we recognized this importance and created a useful tool to easily pinpoint the best industries at any given moment. The Zacks Industry Rank calculates the average Zacks Rank for all of the companies in an industry and then assigns an aggregate rank to it.
While the Zacks Industry Rank has proven to be an effective way of sizing up an industry, it is still important to be looking for the best stocks within those industries. Today, we've done that for you by compiling a list of five Zacks Rank #1 (Buy) stocks that each fall into one of the top five industries as defined by the Zacks Industry Rank.
5. Fiber Optics - Alliance Fiber Optic Products ( AFOP )
The Fiber Optics industry is currently tied for a fourth place spot in the Zacks Industry Rank, with an average Zacks Rank of 2.25. Alliance Fiber Optic Products is a Sunnyvale, California-based manufacturer of fiber optic components that are used by leading communications equipment makers throughout the world. Despite missing the Zacks Consensus Estimate in its latest earnings report, analysts remain bullish on AFOP. We've seen positive earnings estimate revision activity lately, and the company was recently upgraded to a Zacks Rank #1 (Strong Buy) within the last week.
4. Auction/Valuation Services - Ritchie Bros. Auctioneers ( RBA )
Also tied for fourth in the Zacks Industry Rank, Auction/Valuation Services has an average Zacks Rank of 2.25. Ritchie Bros. Auctioneers is a unique, unreserved public auction company that hosts auctions throughout five continents. Ritchie Bros. innovated the auction industry with its unconventional operations, making the company one of the largest industrial auctioneers in the world. In the past 60 days, we've seen eight positive earnings estimate revisions for RBA, so investors should feel confident that this stock is poised to stick out in an already strong industry.
3. Agricultural Machinery - Lindsay Corp. ( LNN )
With an average Zacks Rank of 2.14, the Agricultural Machinery industry currently stands at third on the Zacks Industry Rank. Lindsey Corporation, one of the world's leading manufacturers of irrigation equipment, is one of three Zacks Rank #1 (Strong Buy) stocks within the industry right now. However, LNN sticks out because of its recent performance, highlighted by the company beating the Zacks Consensus Estimate by a whopping 44.74% in its latest earnings report. Analysts expect even further success from LNN, as we've seen six positive earnings estimate revisions in the last 60 days.
2. Semiconductor Foundries - EZCHIP Semiconductors Ltd. ( EZCH )
An average Zacks Rank of 2 puts Semiconductor Foundry companies at the number two spot in our Zacks Industry Rank. EZCHIP is a semiconductor company that provides Ethernet network processors for networking equipment. The company prides itself in its flexibility and integration, which help make EZCH products effective solutions for telecom networks, enterprise backbones, and data centers. EZCH destroyed the Zacks Consensus Estimate last quarter, and an "A" grade for momentum in our Style Scores system illustrates how fast this stock has been climbing recently.
1.Retail Consumer Electronics - Aaron's Inc. ( AAN )
According to the Zacks Industry Rank, Retail Consumer Electronics is the strongest industry at the moment. On top of the best industry sits Aaron's (AAN), an Atlanta, Georgia-based company that engages in the selling and leasing of residential and office furniture, consumer electronics, home appliances and accessories. An impressive earnings beat of 32.61% last quarter and a Forward P/E of 16.69 help illustrate the recent performance and value of this stock, but it's the six positive earnings estimate revisions in the past 30 days that really represent what could lie ahead for AAN investors.
Bottom Line
Over time, it has been seen many times that there seems to be a relationship between the performance of a stock and the strength of the industry In which the stock resides. That should inspire investors to find the best of the best: strong stocks in strong industries. At Zacks, we have the tools to find these companies for investors, and these five stocks illustrate how well the Zacks Rank and Zacks Industry Rank work together to pinpoint quality stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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LINDSAY CORP (LNN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
RITCHIE BROS (RBA): Free Stock Analysis Report
EZCHIP SEMI LTD (EZCH): Free Stock Analysis Report
ALLIANCE FIBER (AFOP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On top of the best industry sits Aaron's (AAN), an Atlanta, Georgia-based company that engages in the selling and leasing of residential and office furniture, consumer electronics, home appliances and accessories. 1.Retail Consumer Electronics - Aaron's Inc. ( AAN ) According to the Zacks Industry Rank, Retail Consumer Electronics is the strongest industry at the moment. An impressive earnings beat of 32.61% last quarter and a Forward P/E of 16.69 help illustrate the recent performance and value of this stock, but it's the six positive earnings estimate revisions in the past 30 days that really represent what could lie ahead for AAN investors.
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Click to get this free report LINDSAY CORP (LNN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report RITCHIE BROS (RBA): Free Stock Analysis Report EZCHIP SEMI LTD (EZCH): Free Stock Analysis Report ALLIANCE FIBER (AFOP): Free Stock Analysis Report To read this article on Zacks.com click here. 1.Retail Consumer Electronics - Aaron's Inc. ( AAN ) According to the Zacks Industry Rank, Retail Consumer Electronics is the strongest industry at the moment. On top of the best industry sits Aaron's (AAN), an Atlanta, Georgia-based company that engages in the selling and leasing of residential and office furniture, consumer electronics, home appliances and accessories.
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Click to get this free report LINDSAY CORP (LNN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report RITCHIE BROS (RBA): Free Stock Analysis Report EZCHIP SEMI LTD (EZCH): Free Stock Analysis Report ALLIANCE FIBER (AFOP): Free Stock Analysis Report To read this article on Zacks.com click here. 1.Retail Consumer Electronics - Aaron's Inc. ( AAN ) According to the Zacks Industry Rank, Retail Consumer Electronics is the strongest industry at the moment. On top of the best industry sits Aaron's (AAN), an Atlanta, Georgia-based company that engages in the selling and leasing of residential and office furniture, consumer electronics, home appliances and accessories.
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1.Retail Consumer Electronics - Aaron's Inc. ( AAN ) According to the Zacks Industry Rank, Retail Consumer Electronics is the strongest industry at the moment. On top of the best industry sits Aaron's (AAN), an Atlanta, Georgia-based company that engages in the selling and leasing of residential and office furniture, consumer electronics, home appliances and accessories. An impressive earnings beat of 32.61% last quarter and a Forward P/E of 16.69 help illustrate the recent performance and value of this stock, but it's the six positive earnings estimate revisions in the past 30 days that really represent what could lie ahead for AAN investors.
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9304.0
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2015-08-10 00:00:00 UTC
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Beacon Roofing (BECN) Misses on Q3 Earnings, Shares Fall - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/beacon-roofing-becn-misses-on-q3-earnings-shares-fall-analyst-blog-2015-08-10
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nan
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nan
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Shares of Beacon Roofing Supply, Inc.BECN fell as much as 0.3% since it reported third-quarter fiscal 2015 (ended Jun 30, 2015) results on Aug 6. The company's earnings of 56 cents per share increased around 3.7% year over year but missed the Zacks Consensus Estimate of 64 cents.
Beacon Roofing Supply Inc. - Earnings Surprise | FindTheBest
Operational Update
The distributor of residential and non-residential roofing materials posted record third-quarter sales of $718 million, up 8.3% year over year. Sales, however, failed to match the Zacks Consensus Estimate of $732 million.
The year-over-year sales increase was led by growth in all product lines of the company. Execution of growth strategies in existing stores, new branch openings and acquisitions also aided growth. Residential product sales increased 13.2%, followed by a 9.8% rise in complementary product sales. Non-residential roofing product sales increased 1.3%.
Cost of goods sold went up 7% year over year to $548.8 million. Gross profit was $169.4 million, increasing from $150.8 million in the year-ago quarter. Gross margin expanded 90 basis points (bps) year over year to 23.6% due to shift in mix to more residential and complementary sales.
Operating expenses for the quarter increased 15.7% year over year to $121.4 million owing to the incremental costs associated with investments in greenfields and acquisitions. The company posted operating income of $48 million compared with $45.8 million in the prior-year quarter.
Financials
Beacon Roofing reported cash and cash equivalents of $17.6 million at the end of third-quarter fiscal 2015 compared with $26.4 million in the prior-year quarter. The company generated $11.2 million in cash from operating activities for the period of nine months ended Jun 30, 2015 compared with cash usage of $46.8 million in the comparable period last year. Long-term debt was $23.6 million as of Jun 30, 2015, compared with $23.1 million as of Jun 30, 2014.
Outlook
For fiscal 2015, Beacon Roofing expects adjusted earnings per share to be in the range of $1.30 to $1.35 and adjusted EBITDA in the band of $161 million to $165 million. The company remains optimistic about its fourth-quarter performance.
During the third quarter, Beacon Roofing acquired Denver-based ProCoat Systems. ProCoat is the fourth acquisition completed in the last 12 months which will add to Beacon Roofing's complementary-based products. In relation to RSG, Beacon Roofing is planning to close the acquisition on Oct 1 by developing integration plan, lining up the financing elements and communicating with both the Beacon and RSG teams. The company also remains focused on cash management and cash generation for fiscal 2015.
With regards to new branch openings during 2015, Beacon Roofing has opened six new branches to-date. The company targets to open 10 greenfields in 2015. For 2016, the company is evaluating potential markets, which fit its strategy of continued expansion, for greenfield openings.
The company remains focused on maximizing earnings for the year by executing the fundamentals of business plan, focusing on excellent customer service, sales growth and cost control. However, pricing, demand and weather remain headwinds for the company.
Our Take
Solid progress on elements of strategic plan, driven by new acquisitions, greenfield branch openings and organic growth in all lines of business will remain tailwinds for Beacon Roofing. Leading indicators for non-residential construction activity continue to trend positive, which bodes well for the company.
Peabody, MA-based Beacon Roofing is one of the major distributors of residential and non-residential roofing materials as well as complementary building products in the U.S. and Canada, with more than 90% of sales coming from the U.S.
Beacon Roofing currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Retail-Wholesale sector are Aaron's, Inc. AAN , Amazon.com Inc. AMZN and Build-A-Bear Workshop Inc. BBW . All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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AMAZON.COM INC (AMZN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
BEACON ROOFING (BECN): Free Stock Analysis Report
BUILD-A-BEAR WK (BBW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader Retail-Wholesale sector are Aaron's, Inc. AAN , Amazon.com Inc. AMZN and Build-A-Bear Workshop Inc. BBW . Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Beacon Roofing Supply, Inc.BECN fell as much as 0.3% since it reported third-quarter fiscal 2015 (ended Jun 30, 2015) results on Aug 6.
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader Retail-Wholesale sector are Aaron's, Inc. AAN , Amazon.com Inc. AMZN and Build-A-Bear Workshop Inc. BBW . Beacon Roofing Supply Inc. - Earnings Surprise | FindTheBest Operational Update The distributor of residential and non-residential roofing materials posted record third-quarter sales of $718 million, up 8.3% year over year.
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader Retail-Wholesale sector are Aaron's, Inc. AAN , Amazon.com Inc. AMZN and Build-A-Bear Workshop Inc. BBW . Beacon Roofing Supply Inc. - Earnings Surprise | FindTheBest Operational Update The distributor of residential and non-residential roofing materials posted record third-quarter sales of $718 million, up 8.3% year over year.
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Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader Retail-Wholesale sector are Aaron's, Inc. AAN , Amazon.com Inc. AMZN and Build-A-Bear Workshop Inc. BBW . Beacon Roofing Supply Inc. - Earnings Surprise | FindTheBest Operational Update The distributor of residential and non-residential roofing materials posted record third-quarter sales of $718 million, up 8.3% year over year.
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9305.0
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2015-08-07 00:00:00 UTC
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hhgregg's Q1 Loss Narrower than Expected; Revenues Lag - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/hhgreggs-q1-loss-narrower-than-expected-revenues-lag-analyst-blog-2015-08-07
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nan
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nan
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Appliance and electronics retailer, hhgregg, Inc.HGG had a solid start to fiscal 2016 as it reported a narrower-than-expected loss in the first quarter. Sales, however, lagged the Zacks Consensus Estimate. Comp sales decline moderated from the preceding quarter, signaling positive impact from the company's transformation initiatives, which focus on stabilizing the business by reversing the negative sales trends, optimizing marketing spending and improving the cost structure.
hhgregg reported a loss of 32 cents per share in the first quarter of fiscal 2016, which compared favorably with the prior year loss of 36 cents per share and the Zacks Consensus Estimate of a loss of 37 cents. The loss narrowed after comparable store (comp) sales showed significant improvement.
Hhgregg Inc. - Earnings Surprise | FindTheBest
Quarter in Detail
hhgregg reported net sales of $441.1 million. Sales lagged the Zacks Consensus Estimate of $449 million by 1.8% and decreased 6.6% year over year due to a decline of 6.3% in comparable store sales. While comps were still negative in the first quarter, we note that comparable store sales decline of 6.3% was significantly narrower than a decline of 10% in the preceding quarter. The narrower decline was attributable to positive sequential improvement in sales and traffic trend. Comp sales decline was 10.2% in the year-ago quarter.
Comp sales declined in all categories in the quarter, except Home Products. The company's e-commerce business is an exception as its comparable sales witnessed an increase of 25.5% in the first quarter.
Adjusted gross margin expanded 80 basis points to 30.5% in the quarter as a result of favorable product sales mix of categories with higher gross margin rates and increase in gross profit margin rates for the consumer electronics, computers and tablets and home products categories.
However, selling, general and administrative (SG&A) expense ratio increased 50 basis points to 25.2% due to an increase in bank transaction fees, higher occupancy costs and consulting expense, partially offset by decreases in wage expense and employee benefits. Net advertising expense ratio decreased 60 basis points to 5.2% due to a reduction of gross advertising spend. Depreciation and amortization (D&A) expense ratio also declined 30 basis points to 1.9%.
Operating loss margin was 1.9%, narrower than a loss margin of 3.0% in the last year quarter, aided by lower advertising and D&A expense ratio, partially offset by SG&A expenses.
EBITDA was $0.2 million compared to a loss of $3.5 million in the prior year quarter helped by the company's initiatives.
Category Details
The company reports its business under the following product categories:
Appliances: Comparable store sales in this category were down 2.2% in the quarter with a decline in average selling price and sales volume. Last year, comp sales decreased 2%.
Computers and Tablets Category: Same store sales in this category declined significantly by 42% in the quarter, much wider than a decline of 29.5% in the last year quarter. The decline was due to a decrease in unit demand as well as lower average selling prices for computers and tablets and exit from contract-based mobile phone business in the first quarter of fiscal 2015. Excluding the mobile phone business, the decrease in comparable sales for the three months ended Jun 30, 2015 was 38.6%.
Home Products: Same store sales in this category increased 12.1% in the quarter as against a decline of 0.5% in the prior year quarter. The increase was driven by higher unit demand and increased average selling prices in the category. Excluding fitness equipment, comparable store sales growth in the category was 17.4%.
Consumer Electronics: Same store sales of this category declined 8.3% in the quarter. The decline was due to a decrease in units sold within the video category, offset slightly by an increase in average selling price. The hike in average selling price was driven by an increase in sales of larger screen and more premium featured televisions. However, the decline was narrower than 18.7% decline recorded in the year-ago quarter.
Share Repurchase Update
During the quarter, hhgregg did not repurchase any shares under the company's share repurchase program of $40 million, which expired on May 20, 2015. Under this program, the company repurchased only 0.8 million shares for $5.3 million in fiscal 2015.
Outlook
We are encouraged that hhgregg's strategic initiatives have moderated the losses and rate of comp sales decline in the quarter. The impact can be seen in positive EBITDA results and improved gross margin.
For FY16, the company expects to remain focused on expanding its Fine Lines departments within the appliance category, increasing the sale of larger screen 4K TV's and home theaters, and refining its offerings in other categories. Further, it remains optimistic on its savings and revenue initiatives that might lead to positive adjusted EBITDA in fiscal 2016. The company also expects to have positive comps for Appliances in fiscal 2016.
However, we believe that any sort of improvement will take time as the company is under a lot of pressure and facing volatility. Moreover, hhgregg has reiterated its expectations of negative mid-single digit comps for this year. Sales from its consumer electronics business will likely remain in the red in the coming quarters.
hhgregg holds a Zacks Rank #3 (Hold), while its industry peers Aaron's Inc. AAN and Conn's Inc CONN sport a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Another better-ranked retailer in the broader market includes Ingles Market, Inc. IMKTA , which carries a Zacks Rank #2.
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AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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hhgregg holds a Zacks Rank #3 (Hold), while its industry peers Aaron's Inc. AAN and Conn's Inc CONN sport a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The decline was due to a decrease in unit demand as well as lower average selling prices for computers and tablets and exit from contract-based mobile phone business in the first quarter of fiscal 2015.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. hhgregg holds a Zacks Rank #3 (Hold), while its industry peers Aaron's Inc. AAN and Conn's Inc CONN sport a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Comp sales decline moderated from the preceding quarter, signaling positive impact from the company's transformation initiatives, which focus on stabilizing the business by reversing the negative sales trends, optimizing marketing spending and improving the cost structure.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. hhgregg holds a Zacks Rank #3 (Hold), while its industry peers Aaron's Inc. AAN and Conn's Inc CONN sport a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Category Details The company reports its business under the following product categories: Appliances: Comparable store sales in this category were down 2.2% in the quarter with a decline in average selling price and sales volume.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. hhgregg holds a Zacks Rank #3 (Hold), while its industry peers Aaron's Inc. AAN and Conn's Inc CONN sport a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Sales lagged the Zacks Consensus Estimate of $449 million by 1.8% and decreased 6.6% year over year due to a decline of 6.3% in comparable store sales.
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9306.0
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2015-08-06 00:00:00 UTC
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3 Valuable Stocks to Buy on the Dip - Stocks in the News
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AAN
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https://www.nasdaq.com/articles/3-valuable-stocks-buy-dip-stocks-news-2015-08-06
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nan
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nan
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The market has had better days. 9 of the 10 sectors in the S&P 500 are in the red right now, with the index down about 1% so far today. It's worth noting that media stocks have been having an especially rough session. Fox ( FOXA ), Disney ( DIS ), and Viacom ( VIAB ) are down 8.5%, 5%, and 16% respectively today.
Hopefully your portfolio isn't having as bad a day as the three companies listed above. Rainy days tend to be spent indoors. If you're in the mood to pick up some reliable stocks though, get your boots and umbrella ready as we venture forth to find some valuable stocks to grab onto. The three stocks we will talk about have a good mix of value and growth characteristics. Thus, the dip that these stocks are experiencing today makes for a great buying opportunity.
Dean Foods Company- DF
Dean Foods is a major distributor of fresh milk and other dairy products such as ice cream and cheese. Dean Foods is a Zacks Rank #2 (Buy). It experiences slightly less volatility than other stocks, as it has a beta of 0.91. Dean Foods has some intriguing growth prospects. For example, the company's EPS is projected to grow by 771.43% this year. It also has current assets to current liabilities of 1.46. The company has a large share of the dairy market in the US, and its sales to assets ratio of 3.39 is way ahead of the industry's 1.46.
Dean Foods has some value characteristics that make it an appealing buy as well. For example, the company trades at a price to sales of 0.18. A P/S less than 1 suggests that a stock is undervalued. The company also trades at a PE of 19.05. This may not seem like a bargain at a glance, but one should keep in mind that this is a great valuation to have in a space that trades at an average PE of 27.58.
Our consensus earnings estimate for Deans Foods has been rising for this quarter. The company beat our consensus estimate last quarter by 41%. The dairy distributor reports its earnings on 8/10/15.
The Cheesecake Factory- CAKE
The Cheesecake Factory operates in the retail restaurant space. The company holds a Zacks Rank #2 (Buy). CAKE experiences a lot less fluctuation in trading than the market, since it has a beta of 0.71. The company has a net profit margin of 5.47%, which is significantly higher than the industry's 4.43%. Investors get a high quality ROE of 20.96% from Cheesecake Factory. It has sales to assets of 1.78.
CAKE has some notable qualities that indicate value. For example, the company has a debt/equity of 0.05, which is much better than the dairy industry's average of 0.23. Cheesecake Factory has a price to sales of 1.39. It also trades at a forward PE of 24.72, while the industry lags behind at 32.21. The company has a PEG of 1.7. Cheesecake Factory beat our earnings consensus estimate in both of the last two quarters. The company reports its earnings on 10/28/15.
Aaron's Inc- AAN
Aaron's sells and leases out furniture, electronics, as well as home accessories and appliances. The stock is a Zacks Rank #1 (Strong Buy). Aaron's did a great job keeping expenses down last quarter. The company delivered an amazing earnings beat on the 29 th , and as a result shares surged about 7% until yesterday. Aaron's EPS is projected to grow by 37.2% this year. The company's current cash flow growth is 37.94%.
AAN has some appealing value qualities, which is great when you consider the fact that Aaron's growth outlook looks pretty good. The stock has a PEG of 1.34. It also trades at a reasonable PE of 16.14. It trades at a price to cash flow of 2.38, which is way ahead of the industry's average of 12.82. Aaron's also trades at a price to sales of 0.89. The fact that it is under one suggests that the stock may be undervalued.
Aaron's has beaten our earnings consensus in each of the last four quarters, and has done so by an average of 19.69% per quarter. The retailer reports its earnings on 10/22/15.
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AARONS INC (AAN): Free Stock Analysis Report
CHEESECAKE FACT (CAKE): Free Stock Analysis Report
DEAN FOODS CO (DF): Free Stock Analysis Report
TWENTY-FST CF-A (FOXA): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
VIACOM INC-B (VIAB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAN has some appealing value qualities, which is great when you consider the fact that Aaron's growth outlook looks pretty good. Aaron's Inc- AAN Aaron's sells and leases out furniture, electronics, as well as home accessories and appliances. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report TWENTY-FST CF-A (FOXA): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report VIACOM INC-B (VIAB): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report TWENTY-FST CF-A (FOXA): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report VIACOM INC-B (VIAB): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc- AAN Aaron's sells and leases out furniture, electronics, as well as home accessories and appliances. AAN has some appealing value qualities, which is great when you consider the fact that Aaron's growth outlook looks pretty good.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report TWENTY-FST CF-A (FOXA): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report VIACOM INC-B (VIAB): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc- AAN Aaron's sells and leases out furniture, electronics, as well as home accessories and appliances. AAN has some appealing value qualities, which is great when you consider the fact that Aaron's growth outlook looks pretty good.
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Aaron's Inc- AAN Aaron's sells and leases out furniture, electronics, as well as home accessories and appliances. AAN has some appealing value qualities, which is great when you consider the fact that Aaron's growth outlook looks pretty good. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHEESECAKE FACT (CAKE): Free Stock Analysis Report DEAN FOODS CO (DF): Free Stock Analysis Report TWENTY-FST CF-A (FOXA): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report VIACOM INC-B (VIAB): Free Stock Analysis Report To read this article on Zacks.com click here.
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9307.0
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2015-08-05 00:00:00 UTC
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3 Reasons Growth Stock Investors Will Love Aaron's (AAN) - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/3-reasons-growth-stock-investors-will-love-aarons-aan-tale-of-the-tape-2015-08-05
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nan
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nan
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Finding a great growth stock can be a tough task. Not only are there a wide range of choices, but the space can be extremely volatile and fraught with risk as well. But thanks to our new style score system we have been able to identify a few growth stocks which have incredible potential in the near term.
One such company that stands out in this regard is undoubtedly Aaron's, Inc. ( AAN ). Not only does this company have a favorable growth score, but it is ranked as a buy too. And while there are numerous reasons why AAN is so attractive right now, we have highlighted three of the most important-and pertinent to growth investors-below:
Earnings Growth for AAN
Arguably nothing is more important than earnings growth as surging profit levels is what most investors are after. And for growth investors, earnings growth in the double digits is definitely necessary and it is often an indication of strong prospects (and stock price gains) ahead for the company in question.
While AAN has put up a historical EPS growth rate of 4.02%, investors should really focus on the projected growth. Here, AAN is looking to grow at a rate of 37.20%, thoroughly crushing the industry average which calls for EPS growth of negative 30.66% in comparison.
Cash Flow Growth for AAN
Cash is the lifeblood of any business, but especially so for growth oriented companies. A positive figure here indicates that cash is flowing into the business (obviously a good thing), while a negative reading here means that net cash is exiting the company.
Right now, AAN's current cash flow growth is an impressive 37.94%, a level that is far higher than many of its peers, and the industry average. In fact, the industry average sees cash flow growth of negative 10.21% in comparison, suggesting that AAN is a better pick from a cash flow look.
AAN Earnings Estimate Revisions Moving in the Right Direction
If the metrics outlined above weren't enough investors should also consider the positive trends that we are seeing on the analyst estimate revision front. Analysts have been raising their estimates for Aaron's lately, and now the earnings picture is looking a bit more favorable for the company.
Over the past 30 days 6 EPS estimates have been revised higher compared to 0 lower, at least for the current year time frame. And the magnitude of these revisions has also been impressive, as the consensus estimate for the full year has surged from $2.15 per share to $2.32 per share today.
Bottom Line
For the reasons outlined above, investors shouldn't be surprised to note that Aaron's has earned itself a growth score of 'A' as well as a Zacks Rank #1 (Strong Buy). This means that we believe Aaron's stock is a potential outperformer that is an impressive choice for growth investors, making it a security that you need to keep on your radar in the near term.
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AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One such company that stands out in this regard is undoubtedly Aaron's, Inc. ( AAN ). And while there are numerous reasons why AAN is so attractive right now, we have highlighted three of the most important-and pertinent to growth investors-below: Earnings Growth for AAN Arguably nothing is more important than earnings growth as surging profit levels is what most investors are after. While AAN has put up a historical EPS growth rate of 4.02%, investors should really focus on the projected growth.
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In fact, the industry average sees cash flow growth of negative 10.21% in comparison, suggesting that AAN is a better pick from a cash flow look. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that stands out in this regard is undoubtedly Aaron's, Inc. ( AAN ).
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And while there are numerous reasons why AAN is so attractive right now, we have highlighted three of the most important-and pertinent to growth investors-below: Earnings Growth for AAN Arguably nothing is more important than earnings growth as surging profit levels is what most investors are after. Cash Flow Growth for AAN Cash is the lifeblood of any business, but especially so for growth oriented companies. One such company that stands out in this regard is undoubtedly Aaron's, Inc. ( AAN ).
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Right now, AAN's current cash flow growth is an impressive 37.94%, a level that is far higher than many of its peers, and the industry average. One such company that stands out in this regard is undoubtedly Aaron's, Inc. ( AAN ). And while there are numerous reasons why AAN is so attractive right now, we have highlighted three of the most important-and pertinent to growth investors-below: Earnings Growth for AAN Arguably nothing is more important than earnings growth as surging profit levels is what most investors are after.
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9308.0
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2015-07-31 00:00:00 UTC
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4 Stocks to Ride on Strong Economic Recovery - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/4-stocks-to-ride-on-strong-economic-recovery-analyst-blog-2015-07-31
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nan
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nan
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According to the "advance estimate" released by the U.S. Department of Commerce on Thursday, the second quarter GDP rose 2.3%, compared to the revised 0.6% growth rate witnessed in the first quarter. However, the GDP growth rate lagged the consensus estimate of 2.7% rise. Consumer spending played a key role in boosting the economy in the second quarter. The catalyst's effect is likely to sustain for the next few quarters.
Meanwhile, after concluding the Federal Open Market Committee's (FOMC) two-day policy meeting on Wednesday, the policy makers remained optimistic about the economic health. The committee said that "economic activity has been expanding moderately in recent months," and that there has been "moderate" improvement in consumer spending levels along with an "additional improvement" in the housing market. The also added that "the labor market continued to improve, with solid job gains and declining unemployment."
Given this bright outlook, investing in retail stocks with strong fundamentals may prove to be profitable as the major part of consumer expenditure goes to this sector.
Factors Driving the Recovery
Real personal consumption expenditure rose 2.9% during the quarter, higher than the first quarter's growth rate of 1.8%. Solid gains in consumer spending, which contributes more than 75% of economic activity, emerged as the main driver behind the economic recovery.
Additionally, the personal consumption expenditure (PCE) price index increased at the highest pace in more than three years during the quarter. The index gained 2.2% during the quarter, compared to the first quarter's 1.9% decline. The index, when measured excluding food and energy prices, rose 1.8% in the quarter.
Meanwhile, it is speculated that changes in the methodology in measuring the GDP number, which has been implemented from this quarter, helped in the upward revision of first quarter GDP. Previously, it was estimated that the economy contracted at a rate of 0.2% in the first quarter, which was revised upward to 0.6% rise. However, business spending witnessed a decline of 0.6% in the second quarter, in contrast with an increase of 1.8% in the previous quarter.
Why Retail/Wholesale Sector?
The Consumer Staples, Consumer Discretionary and Retail/Wholesale are the main sectors that attract major part of consumer expenditure. As of Jul 29, Retail/Wholesale sector reported stronger results compared to the other two sectors.
Retail/wholesale companies from the S&P 500 that have so far reported results showed a 14.8% year-on-year jump in revenues and 11.1% increase in earnings. This outpaced the S&P 500's earnings gain of 1.6% on 1% lower revenues (as of Jul 30 opening bell).
Though the Consumer Discretionary sector beat Retail/Wholesale in terms of earnings growth by posting 11.2% rise, the year-over-year revenue growth of 7.9% lagged. Meanwhile, companies from Consumer Staples sector witnessed a year-over-year decline of 1.3% in earnings and a 5.2% decrease in revenues.
Going forward, the Retail/Wholesale sector is anticipated to witness a year-on-year earnings growth of 4.7% in the second quarter on 5.2% higher revenues. The S&P 500 companies are expected to post a year-on-year decline of 1.6% in earnings and a 4.6% drop in revenues during the quarter.
While S&P 500 companies are speculated to witness a year-over-year decline of 4% in earnings in the third quarter, the Retail/Wholesale sector is expected to post earnings growth of 11.6% over the quarter.
4 Profitable Picks
After remaining one of the few bright spots in the first quarter GDP report, consumer spending continued to boost the economy in the second. Meanwhile, consumer expenditure is likely to continue this positive trend on the back of strong economic fundamentals including strong labor-market condition, increase in wages and slump in oil prices .
Bright earnings prospect for the Retail/Wholesale sector further increases the possibility of the impressive trend continuing in near future. Thus stocks from this sector, which are having impressive growth potential and strong fundaments, are likely to benefit from this favorable scenario.
We narrowed down our choices with the help of our new style score system .
Our research shows that stocks with Growth Style Scores of 'A' or 'B' when combined Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the growth investing space.
Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
This Zacks Rank #1 (Strong Buy) company has a Growth Style Score of 'A.' Current year growth estimate of 37.2% is higher than the industry growth rate of 23.1%. The Zacks Consensus Estimate for the current year EPS has been revised 8.4% upward over the last two months. Also, the company reported second quarter adjusted earnings per share of 61 cents, ahead of the Zacks Consensus Estimate of 46 cents.
Conns Inc.CONN is a specialty retailer that carries out its operations in the US through Retail and Credit segments.
Apart from having a Zacks Rank #2 (Buy), Conns has a Growth Style Score of 'B.' The current year growth estimate of 38.4% is above the industry growth rate. The Zacks Consensus Estimate for the current year EPS has been revised 5.9% upward over the last two months.
The Kroger Co.KR is one of the larger grocery retailers in the US. This Zacks Rank #2 (Buy) company also manufactures and processes food for sale by its supermarkets.
Kroger has a Growth Style Score of 'A.' The company has current year growth estimate of 10.7%, better than the industry growth rate of 2.6%. The Zacks Consensus Estimate for the current year EPS has been revised more than 1% upward over the last two months.
Shoe Carnival Inc.SCVL is a high volume, value-oriented retailer of family footwear. This Zacks Rank #2 (Buy) company is a provider of dress, casual and athletic footwear products and accessories in the US.
Shoe Carnival has a Growth Style Score of 'A.' The current year growth estimate of 16.1% is above the industry growth rate of 4.6%. The Zacks Consensus Estimate for the current year EPS has been revised 0.7% upward over the last two months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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KROGER CO (KR): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
SHOE CARNIVAL (SCVL): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Given this bright outlook, investing in retail stocks with strong fundamentals may prove to be profitable as the major part of consumer expenditure goes to this sector.
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Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. 4 Profitable Picks After remaining one of the few bright spots in the first quarter GDP report, consumer spending continued to boost the economy in the second.
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Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. While S&P 500 companies are speculated to witness a year-over-year decline of 4% in earnings in the third quarter, the Retail/Wholesale sector is expected to post earnings growth of 11.6% over the quarter.
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Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The index gained 2.2% during the quarter, compared to the first quarter's 1.9% decline.
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9309.0
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2015-07-30 00:00:00 UTC
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3 Consumer Stocks to Buy on Higher Growth Rate - Stocks in the News
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https://www.nasdaq.com/articles/3-consumer-stocks-buy-higher-growth-rate-stocks-news-2015-07-30
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The Commerce Department stated that GDP increased at a 2.3% annual rate in the second quarter. The department also revised progress that it saw in the first quarter. The Commerce Department's first estimate saw a contraction of 0.2% in the first quarter. However, the revision now has the department saying that it actually saw GDP growth of 0.6% in the first quarter.
The analysis says that "the second quarter growth reflected positive contribution from consumption expenditures". Additionally, the analysis states that personal consumption expenditures increased 2.9% in the second quarter, compared to a 1.8% increase in the first quarter.
It appears as though consumer spending is building momentum. Low gas prices are one of the factors which are freeing up pockets of American consumers. It may be wise to consider investing in consumer stocks in case this momentum continues. Some great consumer stocks are listed below. We included them because of their favorable growth and earnings prospects.
Aaron's, Inc- AAN
Aaron's operates in the electronic retail segment. The retailer also sells furniture and home appliances. The company is a Zacks Rank #1 (Strong Buy). It's worth noting that the company has an "A" in all of our Style Scores categories, which include Momentum, Growth, and Value.
AAN has a nice growth outlook. The company's EPS is projected to grow by 37.2% this year. Its ROE of 12.36% is elite in the industry where the average ROE is just 7.48%. Sales are projected to grow by 18.23% this year.
What is especially impressive about Aaron's is its earnings statistics. In the last 60 days, there have been 15 upwards earnings estimate revisions by analysts. In the same time frame, there have only been 3 negative estimate revisions. Our consensus estimate has been moving up. It is also reassuring that Aaron's has beaten our earnings consensus in each of the last four quarters by an average of 19.69% per quarter. Aaron's reports its earnings on 10/22/15.
Jakks Pacific, Inc- JAKK
Jakks creates and markets toys. The company is a Zacks Rank #1 (Strong Buy).
The company trades at a forward PE of 12.5, which is really great when you consider that the industry's PE is 31.5. It also has a PEG of 1.25. JAKK has a nice trailing twelve month ROE of 24.09%. Its EPS is estimated to be 11.43% higher year over year.
Jakk has seen 6 upwards revisions by analysts in the last 60 days. There have been 3 downward revisions in the last two months. Our earnings EPS consensus has seen significant movement in the last 60 days, going from $1.04 to $1.14. Jakks Pacific has beaten our earnings consensus estimate in each of the last four quarters. It averaged a beat of 35.78% per quarter over those four quarters. Jakk reports its earnings on 10/22/15.
Skechers USA Inc- SKX
Skechers makes shoes for all ages. Their shoes are sold by many retailers. Some of these include Nordstrom ( JWN ), Macy's ( M ), and JC Penney ( JCP ). Expect less volatility with Skechers, as it has a beta of 0.57. The company has recently upgraded to a Zacks Rank #1 (Strong Buy).
Skechers just recently posted a massive beat on our estimates from its quarterly report. We estimated revenues of $722 million, but the company actually had sales of $800 million. The company destroyed our EPS estimate of $0.99 and actually posted earnings of $1.55 per share. That's an incredible beat of 56.57%!
Skechers' future still looks great, as its EPS is projected to grow by 54.82% this year. Its sales are also expected to increase by 26.2%, while the industry as a whole is only expected to increase sales by 2.7%.
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PENNEY (JC) INC (JCP): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
JAKKS PACIFIC (JAKK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc- AAN Aaron's operates in the electronic retail segment. AAN has a nice growth outlook. Click to get this free report MACYS INC (M): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report JAKKS PACIFIC (JAKK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report MACYS INC (M): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report JAKKS PACIFIC (JAKK): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc- AAN Aaron's operates in the electronic retail segment. AAN has a nice growth outlook.
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Click to get this free report MACYS INC (M): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report JAKKS PACIFIC (JAKK): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc- AAN Aaron's operates in the electronic retail segment. AAN has a nice growth outlook.
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Click to get this free report MACYS INC (M): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report JAKKS PACIFIC (JAKK): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc- AAN Aaron's operates in the electronic retail segment. AAN has a nice growth outlook.
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9310.0
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2015-07-29 00:00:00 UTC
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Why You Shouldn't Bet Against Aaron's (AAN) Stock - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/why-you-shouldnt-bet-against-aarons-aan-stock-tale-of-the-tape-2015-07-29
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One stock that might be an intriguing choice for investors right now is Aaron's, Inc. ( AAN ). This is because this security in the Retail-Consumer Electronics space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Retail-Consumer Electronics space as it currently has a Zacks Industry Rank of 10 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Aaron's is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 45 cents per share to 46 cents per share, while current year estimates have risen from $2.15 per share to $2.32 per share. This has helped AAN to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider Aaron's. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This has helped AAN to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. One stock that might be an intriguing choice for investors right now is Aaron's, Inc. ( AAN ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is Aaron's, Inc. ( AAN ). This has helped AAN to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is Aaron's, Inc. ( AAN ). This has helped AAN to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is Aaron's, Inc. ( AAN ). This has helped AAN to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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9311.0
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2015-07-28 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Precision Drilling, Aaron's and Dow Chemical - Press Releases
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AAN
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-precision-drilling-aarons-and-dow-chemical
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For Immediate Release
Chicago, IL- July 28, 2015 - Today, Zacks Investment Ideas feature highlights Features: Precision Drilling ( PDS ), Aaron's ( AAN ) and Dow Chemical ( DOW ).
3 Cheap Stocks to Buy Right Now
Stocks are the only thing that people don't like to buy when they go on sale.
This earnings season, investors have been selling companies on worries over weakening revenue guidance as currency translation hits the large multinational companies. But even those with more of a domestic bent, are seeing share weakness on general worries over the global economy.
These market conditions have created a buying opportunity in many top names for the first time this year.
Why not buy companies that have gone on sale?
Now's your chance.
There are more cheap stocks out there than you realize. And as an added bonus, these cheap stocks also have a Zacks Rank of #1 (Strong Buy) or #2 (Buy), which means they have rising earnings estimates.
Too good to be true?
Nope. You just have to know where to look.
Cheap Stocks Are Not What You Think
To find the cheap stocks in this market you have to get over your obsession with tech stocks, social media stocks and the expensive well-known retailers. Forget about Amazon and Netflix. Those are overbought and the story is well known. None of them are cheap.
Our cheap stocks are found outside of the mainstream. They're not the most followed on Stocktwits and they're not mentioned (usually!) at cocktail parties.
But that's what it takes to be a value investor. Sometimes you have to dig beneath the surface to find the stocks that the market is disregarding.
How To Find Cheap Stocks
To find cheap stocks I first looked for a P/E ratio under the average of the S&P 500 which is trading at 18x. In this market, anything under 18 would be cheap by comparison but the stocks I found trade considerably lower.
But I also considered companies that have no earnings at the moment because of industry conditions but whose other fundamentals are stellar. I also screened for a Price-to-Book ratio under 3.0. When a company has a P/B ratio under 3.0 it is usually considered undervalued.
I then added the important ingredient of a Zacks Rank of #1 (Strong Buy) or #2 (Buy) to make sure the earnings estimates are rising.
These three stocks have sold off in recent weeks, which has put them on sale.
3 Cheap Stocks To Buy Now
1. Precision Drilling Corporation
2. Aaron's, Inc.
3. The Dow Chemical Company
1. Precision Drilling ( PDS )
Precision is a Canadian provider of services to the oil and gas industry. It operates a fleet of contract drilling rigs in Canada and the US, as well as other international locations.
With the active drilling rig count down 54% in the United States as of July 17 and down 50% in Canada, the first six months of the year has been challenging. But Precision has prepared for the cyclical nature of the industry. It has been grabbing market share.
In the second quarter, US day rates were up 10% quarter over quarter and 14% year over year.
Is the bottom in? Precision is bullish about the second half of the year. It expects up to 10 rigs to go back to work in the US.
Shares have sunk 29% in the last month as oil prices have weakened again. They are near a 52-week low.
Forward P/E= N/A (is taking a loss)
Earnings expected to jump 61% in 2016
P/B ratio = 0.7
P/S ratio = 0.8
Zacks Rank #2 (Buy)
Zacks Style Score for Value = A
2. Aaron's ( AAN )
Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. It also operates Progressive Leasing, which provides lease-purchase options in 46 states.
On July 24, Aaron's beat the Zacks Consensus Estimate for the second quarter by $0.15. Revenues were up 16.1% year over year.
Aaron's re-affirmed full year revenue guidance.
Investors didn't like the report, though, as shares have fallen 6.4% in the last month.
Forward P/E = 15.9
Earnings expected to jump 14.8% in 2016
P/B ratio = 1.9
P/S ratio = 0.8
Zacks Rank #1 (Strong Buy)
Zacks Style Score for Value = A
3. Dow Chemical ( DOW )
Dow is one of the largest chemical companies in the world with over 6,000 product families being produced in 35 countries worldwide.
On July 23, Dow beat the Zacks Consensus by $0.10 even as sales fell 13%. Currency translation and lower oil prices were mostly to blame for sales weakness.
Analysts are bullish, however, as trends support a more bullish second half of the year despite the overhangs.
Shares have fallen 10% in the last month, presenting a buying opportunity. Investors also get a juicy dividend, yielding 3.7%.
Forward P/E = 14.9
Earnings expected to jump 11.5% in 2016
P/B ratio = 2.6
P/S ratio = 1.0
Zacks Rank #2 (Buy)
Zacks Style Score for Value = A
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today . Find out What is happening in the stock market today on zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PRECISION DRILL (PDS): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
DOW CHEMICAL (DOW): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL- July 28, 2015 - Today, Zacks Investment Ideas feature highlights Features: Precision Drilling ( PDS ), Aaron's ( AAN ) and Dow Chemical ( DOW ). Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL- July 28, 2015 - Today, Zacks Investment Ideas feature highlights Features: Precision Drilling ( PDS ), Aaron's ( AAN ) and Dow Chemical ( DOW ). Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories.
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Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL- July 28, 2015 - Today, Zacks Investment Ideas feature highlights Features: Precision Drilling ( PDS ), Aaron's ( AAN ) and Dow Chemical ( DOW ). Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories.
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For Immediate Release Chicago, IL- July 28, 2015 - Today, Zacks Investment Ideas feature highlights Features: Precision Drilling ( PDS ), Aaron's ( AAN ) and Dow Chemical ( DOW ). Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report To read this article on Zacks.com click here.
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9312.0
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2015-07-27 00:00:00 UTC
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Dow Jones Industrial Average Down Today as Chinese Markets Crash
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https://www.nasdaq.com/articles/dow-jones-industrial-average-down-today-chinese-markets-crash-2015-07-27
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MoneyMorning.com Report - For July 27, 2015, here are your stock market futures, earnings reports, topstock market news and stocks to watch ...
Stock Futures Today
Futures for the Dow Jones Industrial Average forecast a 106-point dip from Friday's close as traders eye domestic earnings reports and a decline in the Chinese stock market.
This morning, major Chinese markets saw their biggest one-day decline since 2007. Shares of Chinese ADRs are having a rough morning, including Alibaba Group Holding Ltd. ( BABA ).
On Friday, the Dow Jones Industrial Average fell 163 points on the day, extending the index's losing streak to four days. A sharp decline in materials and healthcare stocks and a decline in commodity prices offset strong earnings reports by Amazon.com Inc. (Nasdaq: AMZN), Visa Inc. (NYSE: V), and Starbucks Corp. (Nasdaq: SBUX).
Top News in the Stock Market Today
The Stock Market Today: This morning, earnings week continues and speculation about a pending rate hike by the U.S. Federal Reserve will be in full swing. Theeconomic calendarfor this week is relatively light, with the exception of a very important Q2 GDP reading on Thursday.
Oil Outlook: Oil prices continued to decline as traders worried about oversupply on the global markets and the broader market sell-off in China. WTI crude futures for September fell more than 1% to hit $47.63 per barrel. Meanwhile, Brent oil prices slipped 1.5% to hit $53.78 per barrel. Both U.S. and Brent crude are on pace to post monthly losses of more than 10%.
Earnings Reports: Companies reporting earnings today include Aaron's Inc. ( AAN ), AbbVie Inc. (Nasdaq: ABBV), American Airlines Group Inc. (Nasdaq: AAL), Barnes Group Inc. ( B ), South State Corp. ( SSB ), and Spirit Airlines Inc. (Nasdaq: SAVE).
Pre-Market Movers in the Stock Market Today: AGN, TEVA, MYL, FCAU, VZ
Pre-Market Movers No. 1, AGN: Shares of Allergan Plc. ( AGN ) were up more than 8% this morning on news that it will sell its generic drug unit to Teva Pharmaceuticals Industries Ltd. (NYSE ADR: TEVA) for $40.5 billion. The deal means that Teva has withdrawn its offer to purchase generic drug maker Mylan NV (Nasdaq: MYL). That news sent shares of Mylan into a tailspin this morning, declining more than 14%.
Pre-Market Movers No. 2, FCAU: Shares of Fiat ChryslerAutomobiles NV (FCAU) slipped more than 2% this morning after the National Highway Traffic Safety Administration said it was fining the auto giant $105 million over problems related to its recent safety recalls.
Pre-Market Movers No. 3, VZ: Shares of Verizon Communications Inc. (VZ) were down 0.5% this morning on news that employees in nine states are prepared to strike over their current contract. The deal covers roughly 39,000 unionized employees and expires Aug. 1.
Stocks to Watch Today: MHFI, DTV, T
Stocks to Watch No. 1, MHFI: Publishing giant McGraw Hill Financial Inc. (Nasdaq: MHFI) announced it will purchase SNL Financial for roughly $2.2 billion in cash. McGraw said the deal is likely to create a potential $550 million windfall in tax synergies.
Stocks to Watch No.2, T: After one year of review, the Federal Communications Commission (FCC) formally approved the $48.5 billion merger between AT&T Inc. (NYSE: T) and DirecTV (Nasdaq: DTV). This deal combines the nation's second-largest wireless carrier with the nation's largest satellite-TV provider. The deal officially makes the combined firm the largest pay-TV company, surpassing Comcast Corp. (Nasdaq: CMCSA).
Today's U.S. Economic Calendar (all times EDT)
Durable Goods Orders at 8:30 a.m.
Dallas Fed Manufacturing Survey at 10:30 a.m.
4-Week Bill Announcement at 11 a.m.
3-Month Bill Auction at 11:30 a.m.
6-Month Bill Auction at 11:30 a.m.
What Investors Must Know This Week
The Top Three High-Return Investments to Buy Today
Is Netflix Stock a Buy After Stock Split and Earnings Beat?
The Real Impact of the Iran Nuclear Deal on U.S. Oil Prices
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Reports: Companies reporting earnings today include Aaron's Inc. ( AAN ), AbbVie Inc. (Nasdaq: ABBV), American Airlines Group Inc. (Nasdaq: AAL), Barnes Group Inc. ( B ), South State Corp. ( SSB ), and Spirit Airlines Inc. (Nasdaq: SAVE). Stocks to Watch No.2, T: After one year of review, the Federal Communications Commission (FCC) formally approved the $48.5 billion merger between AT&T Inc. (NYSE: T) and DirecTV (Nasdaq: DTV). Our experts - who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV - deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions.
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Earnings Reports: Companies reporting earnings today include Aaron's Inc. ( AAN ), AbbVie Inc. (Nasdaq: ABBV), American Airlines Group Inc. (Nasdaq: AAL), Barnes Group Inc. ( B ), South State Corp. ( SSB ), and Spirit Airlines Inc. (Nasdaq: SAVE). MoneyMorning.com Report - For July 27, 2015, here are your stock market futures, earnings reports, topstock market news and stocks to watch ... Stock Futures Today Futures for the Dow Jones Industrial Average forecast a 106-point dip from Friday's close as traders eye domestic earnings reports and a decline in the Chinese stock market. Top News in the Stock Market Today The Stock Market Today: This morning, earnings week continues and speculation about a pending rate hike by the U.S. Federal Reserve will be in full swing.
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Earnings Reports: Companies reporting earnings today include Aaron's Inc. ( AAN ), AbbVie Inc. (Nasdaq: ABBV), American Airlines Group Inc. (Nasdaq: AAL), Barnes Group Inc. ( B ), South State Corp. ( SSB ), and Spirit Airlines Inc. (Nasdaq: SAVE). MoneyMorning.com Report - For July 27, 2015, here are your stock market futures, earnings reports, topstock market news and stocks to watch ... Stock Futures Today Futures for the Dow Jones Industrial Average forecast a 106-point dip from Friday's close as traders eye domestic earnings reports and a decline in the Chinese stock market. Top News in the Stock Market Today The Stock Market Today: This morning, earnings week continues and speculation about a pending rate hike by the U.S. Federal Reserve will be in full swing.
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Earnings Reports: Companies reporting earnings today include Aaron's Inc. ( AAN ), AbbVie Inc. (Nasdaq: ABBV), American Airlines Group Inc. (Nasdaq: AAL), Barnes Group Inc. ( B ), South State Corp. ( SSB ), and Spirit Airlines Inc. (Nasdaq: SAVE). MoneyMorning.com Report - For July 27, 2015, here are your stock market futures, earnings reports, topstock market news and stocks to watch ... Stock Futures Today Futures for the Dow Jones Industrial Average forecast a 106-point dip from Friday's close as traders eye domestic earnings reports and a decline in the Chinese stock market. Pre-Market Movers in the Stock Market Today: AGN, TEVA, MYL, FCAU, VZ Pre-Market Movers No.
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9313.0
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2015-07-27 00:00:00 UTC
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3 Cheap Stocks to Buy Right Now - Investment Ideas
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AAN
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https://www.nasdaq.com/articles/3-cheap-stocks-buy-right-now-investment-ideas-2015-07-27
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Stocks are the only thing that people don't like to buy when they go on sale.
This earnings season, investors have been selling companies on worries over weakening revenue guidance as currency translation hits the large multinational companies. But even those with more of a domestic bent, are seeing share weakness on general worries over the global economy.
These market conditions have created a buying opportunity in many top names for the first time this year.
Why not buy companies that have gone on sale?
Now's your chance.
There are more cheap stocks out there than you realize. And as an added bonus, these cheap stocks also have a Zacks Rank of #1 (Strong Buy) or #2 (Buy), which means they have rising earnings estimates.
Too good to be true?
Nope. You just have to know where to look.
Cheap Stocks Are Not What You Think
To find the cheap stocks in this market you have to get over your obsession with tech stocks, social media stocks and the expensive well-known retailers. Forget about Amazon and Netflix. Those are overbought and the story is well known. None of them are cheap.
Our cheap stocks are found outside of the mainstream. They're not the most followed on Stocktwits and they're not mentioned (usually!) at cocktail parties.
But that's what it takes to be a value investor. Sometimes you have to dig beneath the surface to find the stocks that the market is disregarding.
How To Find Cheap Stocks
To find cheap stocks I first looked for a P/E ratio under the average of the S&P 500 which is trading at 18x. In this market, anything under 18 would be cheap by comparison but the stocks I found trade considerably lower.
But I also considered companies that have no earnings at the moment because of industry conditions but whose other fundamentals are stellar. I also screened for a Price-to-Book ratio under 3.0. When a company has a P/B ratio under 3.0 it is usually considered undervalued.
I then added the important ingredient of a Zacks Rank of #1 (Strong Buy) or #2 (Buy) to make sure the earnings estimates are rising.
These three stocks have sold off in recent weeks, which has put them on sale.
3 Cheap Stocks To Buy Now
1. Precision Drilling Corporation
2. Aaron's, Inc.
3. The Dow Chemical Company
1. Precision Drilling ( PDS )
Precision is a Canadian provider of services to the oil and gas industry. It operates a fleet of contract drilling rigs in Canada and the US, as well as other international locations.
With the active drilling rig count down 54% in the United States as of July 17 and down 50% in Canada, the first six months of the year has been challenging. But Precision has prepared for the cyclical nature of the industry. It has been grabbing market share.
In the second quarter, US day rates were up 10% quarter over quarter and 14% year over year.
Is the bottom in? Precision is bullish about the second half of the year. It expects 10 rigs to go back to work in the US in the coming months.
Shares have sunk 29% in the last month as oil prices have weakened again. They are near a 52-week low.
Forward P/E= N/A (is taking a loss)
Earnings expected to jump 61% in 2016
P/B ratio = 0.7
P/S ratio = 0.8
Zacks Rank #2 (Buy)
Zacks Style Score for Value = A
2. Aaron's ( AAN )
Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. It also operates Progressive Leasing, which provides lease-purchase options in 46 states.
On July 24, Aaron's beat the Zacks Consensus Estimate for the second quarter by $0.15. Revenues were up 16.1% year over year.
Aaron's re-affirmed full year revenue guidance.
Investors didn't like the report, though, as shares have fallen 6.4% in the last month.
Forward P/E = 15.9
Earnings expected to jump 14.8% in 2016
P/B ratio = 1.9
P/S ratio = 0.8
Zacks Rank #1 (Strong Buy)
Zacks Style Score for Value = A
3. Dow Chemical ( DOW )
Dow is one of the largest chemical companies in the world with over 6,000 product families being produced in 35 countries worldwide.
On July 23, Dow beat the Zacks Consensus by $0.10 even as sales fell 13%. Currency translation and lower oil prices were mostly to blame for sales weakness.
Analysts are bullish, however, as trends support a more bullish second half of the year despite the overhangs.
Shares have fallen 10% in the last month, presenting a buying opportunity. Investors also get a juicy dividend, yielding 3.7%.
Forward P/E = 14.9
Earnings expected to jump 11.5% in 2016
P/B ratio = 2.6
P/S ratio = 1.0
Zacks Rank #2 (Buy)
Zacks Style Score for Value = A
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Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec .
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PRECISION DRILL (PDS): Free Stock Analysis Report
DOW CHEMICAL (DOW): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. These market conditions have created a buying opportunity in many top names for the first time this year.
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Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. Forward P/E = 15.9 Earnings expected to jump 14.8% in 2016 P/B ratio = 1.9 P/S ratio = 0.8 Zacks Rank #1 (Strong Buy) Zacks Style Score for Value = A 3.
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Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. And as an added bonus, these cheap stocks also have a Zacks Rank of #1 (Strong Buy) or #2 (Buy), which means they have rising earnings estimates.
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Aaron's ( AAN ) Aaron's operates more than 2,000 stores in 48 states, the District of Columbia and Canada, where it specializes in sales and lease of furniture, consumer electronics, home appliances and accessories. Click to get this free report PRECISION DRILL (PDS): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Why not buy companies that have gone on sale?
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9314.0
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2015-07-27 00:00:00 UTC
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Aaron's Dips Despite Q2 Earnings Beat and Raised Outlook - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-dips-despite-q2-earnings-beat-and-raised-outlook-analyst-blog-2015-07-27
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nan
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nan
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Aaron's Inc.AAN posted stellar bottom-line results for the second quarter of 2015, thereby encouraging management to raise its operating and earnings outlook for the year. However, shares of the company have dropped 6.6% as the top line came in below expectations.
Aaron's adjusted earnings for the second quarter soared 64.9% year over year to 61 cents per share, cruising way ahead of the Zacks Consensus Estimate of 46 cents. Including one-time items, the company reported earnings per share of 56 cents, compared with 12 cents earned in the prior-year quarter.
Aaron's Inc. - Earnings Surprise | FindTheBest
Driven by the strong contribution from the Progressive business, Aaron's revenues advanced 16.1% to $769 million. However, the figure missed the Zacks Consensus Estimate of $770.4 million.
Comparable-store sales (comps) at the company-owned stores fell 4.4%, while customer count, on a same-store basis, decreased 3.7%. Comps at the company's franchised stores registered a 1.6% dip owing to a 2.2% decline in customer count.
At quarter end, the company's self-operated stores had 1.05 million customers, while the franchisees had a customer base of 579,000. This reflected a 3.1% drop in total customer count from last year. Moreover, Progressive had 473,000 customers on Jun 30, 2015.
Benefiting from efficient pricing, cost control and inventory management efforts, this Zacks Rank #1 (Strong Buy) company's earnings before interest, taxes, depreciation and amortization (EBITDA) surged considerably to $89.8 million. Also, the EBITDA margin expanded 520 basis points (bps) to 11.7%.
Segment Details
Core Business
Within the core business, the company's Sales & Lease Ownership division posted revenues of $496.7 million, down 3.9% from the second quarter of 2014. Further, the HomeSmart division reported revenues of $15.5 million, a decrease of 3.1% from the year-ago comparable quarter. The segment's EBITDA was $53.8 million, with the respective margin expanding 500 bps to 10.5%.
Progressive
Progressive, acquired in Apr 2014, contributed $255.9 million to revenues in the second quarter of 2015, driven by a diverse and broadening base as well as its successful integration in the company. The segment's EBITDA was $36 million or 14.0% as a percentage of revenue.
Financial Position
Aaron's ended the quarter with cash and cash equivalents of $91.1 million, debt standing at $494.9 million, and total shareholders' equity of $1,317.1 million.
Store Update
Aaron's opened four company-operated Sales & Lease Ownership stores and three franchised stores. The company also sold four Aaron's Sales & Lease Ownership stores to a franchisee, and purchased seven Sales & Lease Ownership stores from franchisees. Finally, the company shuttered 25 company-operated Sales & Lease Ownership stores along with 3 franchised ones.
As of Jun 30, 2015, Aaron's had a total of 1,211 company-operated Sales & Lease Ownership stores, 784 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores, and 2 franchised HomeSmart stores. At the end of the second quarter, the company operated 2,080 stores in total.
Guidance
Management remains impressed with Progressive's performance, which continued to report profitable results on the back of solid revenues. As for the core business, the company remains on track to deliver revenue and comps growth in the future.
Following a splendid quarter, Aaron's raised its earnings and EBITDA outlook for 2015. However, it reiterated its revenue forecast for the same period.
For 2015, Aaron's now expects EBITDA between $325 million to $350 million compared with the previous guidance of $305-$335 million. Guidance for EBITDA contribution from its core business has been slightly revised to nearly $205-$220 million from $200-$220 million anticipated earlier. Further, the company raised its EBITDA outlook for Progressive to $120-$130 million from the prior projection of about $105-$115 million.
Consequently, the company raised its GAAP earnings guidance for 2015 to a range of $1.92-$2.12 per share versus $1.78-$1.98 expected earlier. Adjusted earnings are now estimated to range from $2.15-$2.35 per share compared with the previous guidance range of $2.01-$2.21 per share.
Other Stocks to Consider
Other well-ranked stocks in the same industry worth considering include Conns Inc. CONN and GameStop Corp. GME , each with a Zacks Rank #2 (Buy). Another stock in the broader retail sector that warrants a look is Target Corp. TGT , also carrying a Zacks Rank #2.
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AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc.AAN posted stellar bottom-line results for the second quarter of 2015, thereby encouraging management to raise its operating and earnings outlook for the year. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Benefiting from efficient pricing, cost control and inventory management efforts, this Zacks Rank #1 (Strong Buy) company's earnings before interest, taxes, depreciation and amortization (EBITDA) surged considerably to $89.8 million.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN posted stellar bottom-line results for the second quarter of 2015, thereby encouraging management to raise its operating and earnings outlook for the year. Segment Details Core Business Within the core business, the company's Sales & Lease Ownership division posted revenues of $496.7 million, down 3.9% from the second quarter of 2014.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc.AAN posted stellar bottom-line results for the second quarter of 2015, thereby encouraging management to raise its operating and earnings outlook for the year. As of Jun 30, 2015, Aaron's had a total of 1,211 company-operated Sales & Lease Ownership stores, 784 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores, and 2 franchised HomeSmart stores.
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Aaron's Inc.AAN posted stellar bottom-line results for the second quarter of 2015, thereby encouraging management to raise its operating and earnings outlook for the year. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Details Core Business Within the core business, the company's Sales & Lease Ownership division posted revenues of $496.7 million, down 3.9% from the second quarter of 2014.
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9315.0
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2015-07-20 00:00:00 UTC
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Will Aaron's (AAN) Surprise Estimates This Earnings Season? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-aarons-aan-surprise-estimates-this-earnings-season-analyst-blog-2015-07-20
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nan
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nan
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Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report second-quarter 2015 earnings results on Jul 24. In the last quarter, it posted a positive surprise of 35.2%. Let's see how things are developing for this announcement.
Factors Influencing the Quarter
Following the strong first-quarter 2015 results, the company's second quarter performance is also expected to be robust. The company has made significant progress riding on its strategic initiatives, mainly cost reduction.
Overall, the company's strategic plans focus on bringing it back to profitability by stimulating same-store sales growth, building a strong online platform, optimizing cost savings to expand margins and encouraging expansion of its franchise stores. Further, the company's business appears impressive based on its eCommerce growth and the opportunities from the acquisition of Progressive, a merchandise lease-to-own company acquired in April 2014.
Earnings Whispers
Our proven model does not conclusively project Aaron's as likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and Zacks Rank #1 #2 or #3 for this to happen. This is not the case here as you will see below.
Zacks ESP: ESP for Aaron's is 0.00%. This is because the Most Accurate estimate stands at 46 cents per share, which is in line with the Zacks Consensus Estimate.
Zacks Rank: Aaron's Zacks Rank #1 (Strong Buy) when combined with an ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks That Warrant a Look
Here are some other companies in the broader retail sector which you might want to consider as our model shows they have the right combination of elements to post an earnings beat:
Skechers USA Inc. SKX has an Earnings ESP of +2.02% and a Zacks Rank #1 (Strong Buy).
Amazon.com Inc. AMZN has an Earnings ESP of +33.33% and a Zacks Rank #2 (Buy).
Hanesbrands Inc. HBI has an Earnings ESP of +6.00% and a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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AARONS INC (AAN): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report second-quarter 2015 earnings results on Jul 24. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, the company's strategic plans focus on bringing it back to profitability by stimulating same-store sales growth, building a strong online platform, optimizing cost savings to expand margins and encouraging expansion of its franchise stores.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report second-quarter 2015 earnings results on Jul 24. Zacks Rank: Aaron's Zacks Rank #1 (Strong Buy) when combined with an ESP of 0.00% makes surprise prediction difficult.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report second-quarter 2015 earnings results on Jul 24. We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report second-quarter 2015 earnings results on Jul 24. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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9316.0
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2015-07-13 00:00:00 UTC
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Conns Posts Positive June Sales Data; Appoints New CFO - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/conns-posts-positive-june-sales-data-appoints-new-cfo-analyst-blog-2015-07-13
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nan
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nan
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Conns Inc.CONN recently posted its sales data for the month ended Jun 30, 2015 and announced senior management changes.
Total retail sales for June advanced 11.9% year over year to $102.6 million. Comparable store sales (comps) for the same period inched up 1.1%, compared with an 11.2% rise in the year-ago period.
However, Conns' sales were impacted by its recent decision to discontinue its video game products, digital cameras, and certain tablets. Excluding the effect from the discontinuation of these products, the company's June comps jumped 5.1%.
Nevertheless, on account of stricter underwriting standards undertaken in fiscal 2015, Conns witnessed lower sales volume during the month, when compared with the year-ago period. This impacted the company's comps by nearly 2% in June.
Segment-wise, the Furniture and mattress, and Home appliance segments posted comps growth of 5.9% and 9.8%, respectively. On the other hand, comps at the Consumer electronics, Home office and Other segment, declined 11.4%, 11.3% and 13.9%, respectively.
Within the Consumer electronics segment, television sales dropped 1.3%, as higher average selling prices were more than offset by lower same store unit sales. The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which, however, were partly offset by lower average selling prices. The Home office segment witnessed an uptrend in comps, which climbed 1.3% on excluding the effect of tablets, as lower average selling price was compensated by higher same store unit sales.
Further, comparable sales from repair service agreement commissions grew 7.2% for June. Also, the company reported its 60-plus day delinquency rate as of Jun 30, 2015 that expanded 70 basis points (bps) year over year and 40 bps sequentially, to 8.9%.
Coming to Conns' next announcement, the company named Thomas R. Moran as its Chief Financial Officer ("CFO"). His appointment is slated to take effect from Jul 27, 2015.
Prior to this, Moran worked with other companies in several important roles, including Executive Vice President and CFO that underscore his profound experience in the field of finance. With a BA in Physics and an MBA degree to his credit, Moran's enriched knowledge and solid experience in the retail industry are likely to be an asset to this Zacks Rank #2 (Buy) company, driving it toward success.
Stocks to Consider
Other well-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy), and Target Corp. TGT , carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
GORDMANS STORES (GMAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Other well-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy), and Target Corp. TGT , carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which, however, were partly offset by lower average selling prices.
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Stocks to Consider Other well-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy), and Target Corp. TGT , carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The Home office segment witnessed an uptrend in comps, which climbed 1.3% on excluding the effect of tablets, as lower average selling price was compensated by higher same store unit sales.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Other well-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy), and Target Corp. TGT , carrying a Zacks Rank #2. Within the Consumer electronics segment, television sales dropped 1.3%, as higher average selling prices were more than offset by lower same store unit sales.
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Stocks to Consider Other well-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy), and Target Corp. TGT , carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the effect from the discontinuation of these products, the company's June comps jumped 5.1%.
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9317.0
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2015-07-13 00:00:00 UTC
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GameStop Hits 52 Week High: Will it Sustain the Momentum? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/gamestop-hits-52-week-high%3A-will-it-sustain-the-momentum-analyst-blog-2015-07-13
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nan
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nan
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GameStop Corp.GME reached a new 52-week high of $47.34 on Jul 10 and eventually closed trade a notch lower at $46.96, surging roughly 41.4% year to date. The upside mainly came on the back of certain notable developments which will likely help it to sustain the momentum going forward.
These include collaboration with AT&T, Inc. T and Apple Inc. AAPL , increasing sale of downloadable content as well as venturing into fast growing entertainment collectable and licensed merchandising category.
GameStop has been constantly bringing innovations in the digital category to enhance sales. Recently, the company acquired Geeknet, the parent company of ThinkGeek and ThinkGeek Solutions to boost its digital sales.Moreover, adding GameStop Impulse to its website, in a time when a sharp rise in consumer spending on digital download, mobile gaming apps, social network games, and used games has been observed, will help GameStop to strengthen its foothold.
The company reported a 17.2% rise in adjusted digital receipts to $222.2 million in first-quarter fiscal 2015. Moreover, sales in Kongregate Mobile increased 37% year over year. With 12 games scheduled to release this year, the momentum seen in Kongregate Mobile is likely to sustain.
Additionally, GameStop considers the entertainment collectable and licensed merchandising category to be a lucrative one. The company successfully piloted the project in Australia. The company expects this fast growing consumer segment to generate business of $500 million over a three-year time frame.
Also, collaboration with AT&T and Apple has proven beneficial for GameStop as the Technology Brands segment's revenues increased 70% year over year to $102.2 million. The company ended the first quarter of fiscal 2015 with 549 stores.
Further, the segment is expected to sustain its growth momentum as the company is keen on rapidly expanding its footprint by opening 450 to 550 stores in fiscal 2015, nearly 200 over the summer, and increasing the segment's annual profits by 30% to 40%.
Apart from these developments, GameStop's extensive shareholder friendly initiatives will help it to retain investor interest. In March, the company raised its dividend by 9% while it bought back shares worth $333 million in fiscal 2014 and another $46 million in the first quarter of fiscal 2015.
At present, GameStop carries a Zacks Rank #3 (Hold). A better-ranked stock in same sector is Aaron's, Inc. AAN , carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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AT&T INC (T): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in same sector is Aaron's, Inc. AAN , carrying a Zacks Rank #1 (Strong Buy). Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. GameStop Corp.GME reached a new 52-week high of $47.34 on Jul 10 and eventually closed trade a notch lower at $46.96, surging roughly 41.4% year to date.
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Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in same sector is Aaron's, Inc. AAN , carrying a Zacks Rank #1 (Strong Buy). These include collaboration with AT&T, Inc. T and Apple Inc. AAPL , increasing sale of downloadable content as well as venturing into fast growing entertainment collectable and licensed merchandising category.
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Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in same sector is Aaron's, Inc. AAN , carrying a Zacks Rank #1 (Strong Buy). Recently, the company acquired Geeknet, the parent company of ThinkGeek and ThinkGeek Solutions to boost its digital sales.Moreover, adding GameStop Impulse to its website, in a time when a sharp rise in consumer spending on digital download, mobile gaming apps, social network games, and used games has been observed, will help GameStop to strengthen its foothold.
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Click to get this free report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in same sector is Aaron's, Inc. AAN , carrying a Zacks Rank #1 (Strong Buy). Moreover, sales in Kongregate Mobile increased 37% year over year.
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9318.0
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2015-07-07 00:00:00 UTC
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New Strong Buy Stocks for July 7th - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-july-7th-tale-of-the-tape-2015-07-07
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Aaron's, Inc. ( AAN )
Achillion Pharmaceuticals, Inc. ( ACHN )
Activision Blizzard, Inc. ( ATVI )
The Advisory Board Company ( ABCO )
Air Transport Services Group Inc. ( ATSG )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ACHILLION PHARM (ACHN): Free Stock Analysis Report
ACTIVISION BLZD (ATVI): Free Stock Analysis Report
ADVISORY BOARD (ABCO): Free Stock Analysis Report
AIR TRANSPT SVC (ATSG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Achillion Pharmaceuticals, Inc. ( ACHN ) Activision Blizzard, Inc. ( ATVI ) The Advisory Board Company ( ABCO ) Air Transport Services Group Inc. ( ATSG ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACHILLION PHARM (ACHN): Free Stock Analysis Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AIR TRANSPT SVC (ATSG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Achillion Pharmaceuticals, Inc. ( ACHN ) Activision Blizzard, Inc. ( ATVI ) The Advisory Board Company ( ABCO ) Air Transport Services Group Inc. ( ATSG ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACHILLION PHARM (ACHN): Free Stock Analysis Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AIR TRANSPT SVC (ATSG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Achillion Pharmaceuticals, Inc. ( ACHN ) Activision Blizzard, Inc. ( ATVI ) The Advisory Board Company ( ABCO ) Air Transport Services Group Inc. ( ATSG ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACHILLION PHARM (ACHN): Free Stock Analysis Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AIR TRANSPT SVC (ATSG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Achillion Pharmaceuticals, Inc. ( ACHN ) Activision Blizzard, Inc. ( ATVI ) The Advisory Board Company ( ABCO ) Air Transport Services Group Inc. ( ATSG ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACHILLION PHARM (ACHN): Free Stock Analysis Report ACTIVISION BLZD (ATVI): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AIR TRANSPT SVC (ATSG): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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9319.0
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2015-07-01 00:00:00 UTC
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New Strong Buy Stocks for July 1st - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-july-1st-tale-of-the-tape-2015-07-01
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Aaron's, Inc. ( AAN )
Aetna Inc ( AET )
Alere Inc ( ALR )
Allied World Assurance Co Holdings, AG. ( AWH )
Banc of California Inc ( BANC )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
AETNA INC-NEW (AET): Free Stock Analysis Report
ALERE INC (ALR): Free Stock Analysis Report
ALLIED WORLD AS (AWH): Free Stock Analysis Report
BANC OF CA INC (BANC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Aetna Inc ( AET ) Alere Inc ( ALR ) Allied World Assurance Co Holdings, AG. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AETNA INC-NEW (AET): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLIED WORLD AS (AWH): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Aetna Inc ( AET ) Alere Inc ( ALR ) Allied World Assurance Co Holdings, AG. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AETNA INC-NEW (AET): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLIED WORLD AS (AWH): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report To read this article on Zacks.com click here. ( AWH ) Banc of California Inc ( BANC ) View the entire Zacks Rank #1 List .
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AETNA INC-NEW (AET): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLIED WORLD AS (AWH): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Aetna Inc ( AET ) Alere Inc ( ALR ) Allied World Assurance Co Holdings, AG.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Aetna Inc ( AET ) Alere Inc ( ALR ) Allied World Assurance Co Holdings, AG. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AETNA INC-NEW (AET): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLIED WORLD AS (AWH): Free Stock Analysis Report BANC OF CA INC (BANC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9320.0
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2015-06-29 00:00:00 UTC
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Is Constellation Brands (STZ) Likely to Beat Earnings in Q1? - Analyst Blog
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https://www.nasdaq.com/articles/is-constellation-brands-stz-likely-to-beat-earnings-in-q1-analyst-blog-2015-06-29
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We expect the international producer and marketer of beverage alcohol brands, Constellation Brands Inc.STZ , to beat expectations when it reports first-quarter fiscal 2016 results on Jul 1.
Why a Likely Positive Surprise?
Our proven model shows that Constellation Brands is likely to beat earnings because it has the right combination of two key ingredients.
Zacks ESP: Constellation Brands currently has an Earnings ESP of +3.28%. This is because the Most Accurate estimate of $1.26 stands above the Zacks Consensus Estimate of $1.22.
Zacks Rank: Constellation Brands carries a Zacks Rank #2 (Buy). Note that stocks with a Zacks Rank #1, 2 or 3 have a significantly higher chance of beating earnings. Conversely, the Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
The combination of Constellation Brands' Zacks Rank #2 and Earnings ESP of +3.28% make us confident of an earnings beat.
What is Driving the Better-Than-Expected Earnings?
Constellation Brands has been performing well on the back of its strategy of driving long-term growth through acquisitions and expansions, its efforts to include new products in its wine and spirits businesses and strong demand for beer. The company's top line is benefiting from the complete consolidation of the beer business, which was acquired last year.
Owing to its strategic endeavors, the company is witnessing robust depletion trends and increasing market share in the U.S. wine and spirits category. Moreover, the company is increasing its distribution points in retail and effectively executing its strategic merchandising initiatives, aimed at bolstering sales.
Looking forward, the company expects its growth momentum to continue, which is well reflected in its robust fiscal 2016 earnings guidance. Given the aforementioned positives and a favorable outlook for fiscal 2016, we remain optimistic about the company's upcoming results.
Stocks That Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Aaron's Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #2.
Gap Inc. GPS has an Earnings ESP of +1.52% and a Zacks Rank #3 (Hold).
L Brands Inc. LB has an Earnings ESP of +1.49% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
L BRANDS INC (LB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks That Warrant a Look Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands has been performing well on the back of its strategy of driving long-term growth through acquisitions and expansions, its efforts to include new products in its wine and spirits businesses and strong demand for beer.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #2. The combination of Constellation Brands' Zacks Rank #2 and Earnings ESP of +3.28% make us confident of an earnings beat.
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Stocks That Warrant a Look Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. The combination of Constellation Brands' Zacks Rank #2 and Earnings ESP of +3.28% make us confident of an earnings beat.
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Stocks That Warrant a Look Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands has been performing well on the back of its strategy of driving long-term growth through acquisitions and expansions, its efforts to include new products in its wine and spirits businesses and strong demand for beer.
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9321.0
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2015-06-29 00:00:00 UTC
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Conns' New Store in El Paso Takes it Closer to FY15 Target - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/conns-new-store-in-el-paso-takes-it-closer-to-fy15-target-analyst-blog-2015-06-29
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In line with its growth plan for the year, Conns Inc.CONN celebrated the grand opening of its new HomePlus store in El Paso, TX, that took place on Saturday.
Spanning 40,000 square feet, the new store located at 1971 Zaragosa Road, marks Conns' second store in the city and its 55th one in the state. Conns has another store in EI Paso at 6101 Gateway West.
Celebrations to mark the opening included lucrative offers, like various gift card giveaways, storewide promotions and a chance to win free shopping worth $10,000. In fact, the shopping spree option will be available at EI Paso's other store as well, up to Oct 30. Also, the new store is expected to generate over 20 employment opportunities.
Conns' HomePlus stores offer superior-quality products at reasonable prices. These stores specialize in furniture and mattresses, home appliances, consumer electronics and home office products. The company's second HomePlus store in the city highlights strong demand and positive response received by the company from EI Paso's residents.
The robust demand is also somewhat accountable to Conns' attractive in-house credit program, YES MONEY. This program lends customers the option of buying superior products by paying low monthly installments. This strategy of providing customers an opportunity to purchase the otherwise unaffordable items gives Conns an edge over its competitors, thereby increasing the company's popularity and enhancing customer relations.
We believe that Conns' continuous efforts to increase store count, along with its flexible credit options for customers, will boost its performance. Also, this complements the company's plan of opening 15-18 stores nationwide in fiscal 2015. The company currently operates over 90 stores across 11 states.
Zacks Rank
Conns currently carries a Zacks Rank #2 (Buy). Other stocks that warrant a look in the retail sector include GOME Electrical Appliances Holding Limited GMELY , with a Zacks Rank #1 (Strong Buy), Aaron's, Inc. AAN and Target Corp. TGT , each carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
GOME ELEC APPL (GMELY): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks that warrant a look in the retail sector include GOME Electrical Appliances Holding Limited GMELY , with a Zacks Rank #1 (Strong Buy), Aaron's, Inc. AAN and Target Corp. TGT , each carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GOME ELEC APPL (GMELY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. In line with its growth plan for the year, Conns Inc.CONN celebrated the grand opening of its new HomePlus store in El Paso, TX, that took place on Saturday.
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Other stocks that warrant a look in the retail sector include GOME Electrical Appliances Holding Limited GMELY , with a Zacks Rank #1 (Strong Buy), Aaron's, Inc. AAN and Target Corp. TGT , each carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GOME ELEC APPL (GMELY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks that warrant a look in the retail sector include GOME Electrical Appliances Holding Limited GMELY , with a Zacks Rank #1 (Strong Buy), Aaron's, Inc. AAN and Target Corp. TGT , each carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GOME ELEC APPL (GMELY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Spanning 40,000 square feet, the new store located at 1971 Zaragosa Road, marks Conns' second store in the city and its 55th one in the state.
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Other stocks that warrant a look in the retail sector include GOME Electrical Appliances Holding Limited GMELY , with a Zacks Rank #1 (Strong Buy), Aaron's, Inc. AAN and Target Corp. TGT , each carrying a Zacks Rank #2. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report GOME ELEC APPL (GMELY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company's second HomePlus store in the city highlights strong demand and positive response received by the company from EI Paso's residents.
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9322.0
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2015-06-25 00:00:00 UTC
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New Strong Buy Stocks for June 25th - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-june-25th-tale-of-the-tape-2015-06-25
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Aaron's, Inc. ( AAN )
eHealth, Inc ( EHTH )
FormFactor, Inc. ( FORM )
NiSource Inc. ( NI )
Orion Engineered Carbons SA ( OEC )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
EHEALTH INC (EHTH): Free Stock Analysis Report
FORMFACTOR INC (FORM): Free Stock Analysis Report
NISOURCE INC (NI): Free Stock Analysis Report
ORION ENGINRD (OEC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) eHealth, Inc ( EHTH ) FormFactor, Inc. ( FORM ) NiSource Inc. ( NI ) Orion Engineered Carbons SA ( OEC ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report EHEALTH INC (EHTH): Free Stock Analysis Report FORMFACTOR INC (FORM): Free Stock Analysis Report NISOURCE INC (NI): Free Stock Analysis Report ORION ENGINRD (OEC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) eHealth, Inc ( EHTH ) FormFactor, Inc. ( FORM ) NiSource Inc. ( NI ) Orion Engineered Carbons SA ( OEC ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report EHEALTH INC (EHTH): Free Stock Analysis Report FORMFACTOR INC (FORM): Free Stock Analysis Report NISOURCE INC (NI): Free Stock Analysis Report ORION ENGINRD (OEC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) eHealth, Inc ( EHTH ) FormFactor, Inc. ( FORM ) NiSource Inc. ( NI ) Orion Engineered Carbons SA ( OEC ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report EHEALTH INC (EHTH): Free Stock Analysis Report FORMFACTOR INC (FORM): Free Stock Analysis Report NISOURCE INC (NI): Free Stock Analysis Report ORION ENGINRD (OEC): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) eHealth, Inc ( EHTH ) FormFactor, Inc. ( FORM ) NiSource Inc. ( NI ) Orion Engineered Carbons SA ( OEC ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report EHEALTH INC (EHTH): Free Stock Analysis Report FORMFACTOR INC (FORM): Free Stock Analysis Report NISOURCE INC (NI): Free Stock Analysis Report ORION ENGINRD (OEC): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9323.0
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2015-06-24 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: Aaron's, Outerwall, Convergys, Express and Lionbridge Technologies - Press Releases
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-aarons-outerwall-convergys-express-and
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Chicago, IL - June 24, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Outerwall ( OUTR ), Convergys ( CVG ) , Express Inc. ( EXPR ) and Lionbridge Technologies ( LIOX ) . Kevin Matras shows why stocks with new analyst coverage are stocks you want to have.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Your Best Stocks Will Be in the Best Industries
We've all heard the old adage that 50% of a stock's price movement can be attributed to the group that it's in.
In fact, studies have shown that just getting into an average stock in a strong industry is likely to outperform a great stock in a poor industry.
Of course, this does not mean that you can just pick any stock in a top group and expect to make money. But, it does underscore the importance of sticking with the best industries.
If your last losing stock was in a poorly performing industry, the odds of success were against you the entire time.
But identifying the best stocks in the best industries is easy to do. And the Zacks Industry Rank is the ideal way to do that so you can put the odds of success in your favor on your very next trade.
Zacks Industry Rank
As you know, since 1988, the Zacks #1 Rank stocks have generated an average annual return of over 26% per year. That's nearly 3 times the S&P 500. And it's beaten the market in 23 of the last 26 years.
That's because the Zacks Rank is based on the most powerful force impacting stock prices, which is earnings estimate revisions.
The Zacks Rank is also one of the best ways to rank industries. And this is done with the Zacks Industry Rank. After all, since an industry is nothing more than a group of stocks in a similar business, this is the perfect way to size up an industry.
The Zacks Industry Rank is determined by calculating the average Zacks Rank for all of the stocks in the industry and then assigning an ordinal rank to it. For example, an industry with an average Zacks Rank of 1.6 is better than an industry with an average Zacks Rank of 2.3. So the industry with the better average Zacks Rank would get a better Zacks Industry Rank.
Zacks classifies all stocks into 1 of 265 expanded (aka 'X') Industries. The average Zacks Rank is calculated for every industry every day. So, if an industry has the best average Zacks Rank, it would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Rank Industries.
The top 132 Zacks Ranked industries would be in the top 50% of industries, whereas the bottom 133 Zacks Ranked Industries would be in the bottom 50% of industries.
If an industry had a poor average Zacks Rank, it might be ranked 220th out of 265 industries, thus placing it in the bottom 17% of Zacks Rank Industries.
Putting the Zacks Industry Rank to the Test
To further illustrate the importance of picking stocks in the best industries, and how the Zacks Industry Rank is one of the best ways to do this, take a look at the test results and chart below.
We put our X industries (all 265 of them) into two groups: the top half (i.e., industries with the best average Zacks Rank) and the bottom half (the industries with the worst average Zacks Rank).
Over the last 10 years, using a one week rebalance, the top half beat the bottom half by a factor of more than 2 to 1. The top blue line is the performance of the top 50% of Zacks Ranked Industries. The orange line below is the performance for the bottom 50% of Zacks Ranked Industries. The maroon line is the S&P 500.
Keep in mind that even the worst industries had some Zacks Rank #1s in them. And even the best industries had some Zacks Rank #5s in them. That goes to show the power of simply being in the best group.
The next chart shows what would happen if only the Zacks Rank #1s were applied to the top Zacks Ranked Industries.
The results were even better, adding to the already impressive returns by an additional factor of more than 1.5x the top industry. The top orange line is the performance of the top 50% of Zacks Ranked Industries with just the Zacks Rank #1s. The blue line below is the performance for the top 50% of Zacks Ranked Industries with all Zacks Ranks included. Once again, the maroon line is the S&P.
It's clear that selecting the best stocks in the best groups can give your stock picking a decided advantage, increasing your portfolio's returns like never before.
Using the Zacks Industry Rank
Once again, the Zacks Industry Rank is calculated by averaging the Zacks Rank for all stocks within a specific industry. The industry with the lowest average Zacks Rank will be considered the top Zacks Ranked Industry (1 out of 265) while the industry with the highest average Zacks Rank will be ranked at the bottom of the Zacks Ranked Industries.
Remember, the Zacks Rank is a score of 1 thru 5 with a Zacks Rank #1 (Strong Buy) being the best, and a Zacks Rank #5 (Strong Sell) being the worst.
If there were 10 stocks in an industry and five had a Zacks Rank #1, and the other five a Zacks Rank #2, the average Zacks Rank would be 1.5. That industry would receive a top Zacks Industry Rank.
An industry that had five stocks with a Zacks Rank #4 (Sell), and the other five a Zacks Rank #5 (Strong Sell), would have an average Zacks Rank of 4.5. That industry would receive a low Zacks Industry Rank. Since you always want a diversified portfolio, don't select all of your stocks from the top Zacks Ranked Industry. You should populate your portfolio with stocks from groups in the top 50% of Zacks Rank Industries (top 133 industries).
5 Stocks from 5 Top Zacks Rank Industries
Below are 5 stocks within 5 of the top Zacks Ranked Industries.
I also included some of my other personal favorite stock picking items, including: 'Increasing Net Margins', 'increasing ROE', and a 'Low Price to Sales Ratio'.
Parameters
• Zacks Rank equal to 1
• Top 50% of Zacks Ranked Industries
• Price to Sales less than or equal to 1
• ROE (recent) greater than ROE (from 1 Quarter ago)
• Net Margin (recent) greater than Net Margin (from 1 Quarter ago)
Stocks
( AAN ) Aaron's
( OUTR ) Outerwall
( CVG ) Convergys
( EXPR ) Express Inc.
( LIOX ) Lionbridge Technologies
Summary
We said it before, but it's worth saying it again: 50% of a stock's price movement can be attributed to the group that it's in. So it's of the utmost importance to make sure your stocks are within the top industries -- specifically the top Zacks Ranked industries.
If you find yourself considering a stock that happens to be in one of the bottom 50% of Zacks Ranked Industries, move on. Sure, it may still go up, in spite of the drag the low industry rank has placed on it. But, why put yourself in a position where the odds are against you? And if you get in, against your better judgment, and it does go down, you'll be wondering why you ever did that in the first place. Instead, put the odds of success in your favor.
Remember, a top Zacks Industry Rank means more stocks within that group are receiving upward earnings estimate revisions. That means something positive is happening to that group. Not just that stock, but for the bulk of those stocks within that industry's business. If it has a poor Industry Rank, that means more companies within that industry are receiving downward earnings estimate revisions. In other words, conditions are tough for that industry's business right now, causing the analysts following that group to lower their estimates.
Simply put, your most profitable stocks will be those with upward earnings estimate revisions in the industries enjoying the same.
And there's no better way to increase your odds of success than by combining the Zacks Rank and the Zacks Industry together.
Sign up now for your free trial to the Research Wizard and start using the Zacks Industry Rank today.
Click here for your free trial to the Research Wizard.
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=112
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
OUTERWALL INC (OUTR): Free Stock Analysis Report
CONVERGYS CORP (CVG): Free Stock Analysis Report
EXPRESS INC (EXPR): Free Stock Analysis Report
LIONBRIDGE TECH (LIOX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Chicago, IL - June 24, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Outerwall ( OUTR ), Convergys ( CVG ) , Express Inc. ( EXPR ) and Lionbridge Technologies ( LIOX ) . Parameters • Zacks Rank equal to 1 • Top 50% of Zacks Ranked Industries • Price to Sales less than or equal to 1 • ROE (recent) greater than ROE (from 1 Quarter ago) • Net Margin (recent) greater than Net Margin (from 1 Quarter ago) Stocks ( AAN ) Aaron's ( OUTR ) Outerwall ( CVG ) Convergys ( EXPR ) Express Inc. ( LIOX ) Lionbridge Technologies Summary We said it before, but it's worth saying it again: 50% of a stock's price movement can be attributed to the group that it's in. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report OUTERWALL INC (OUTR): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report LIONBRIDGE TECH (LIOX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Chicago, IL - June 24, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Outerwall ( OUTR ), Convergys ( CVG ) , Express Inc. ( EXPR ) and Lionbridge Technologies ( LIOX ) . Parameters • Zacks Rank equal to 1 • Top 50% of Zacks Ranked Industries • Price to Sales less than or equal to 1 • ROE (recent) greater than ROE (from 1 Quarter ago) • Net Margin (recent) greater than Net Margin (from 1 Quarter ago) Stocks ( AAN ) Aaron's ( OUTR ) Outerwall ( CVG ) Convergys ( EXPR ) Express Inc. ( LIOX ) Lionbridge Technologies Summary We said it before, but it's worth saying it again: 50% of a stock's price movement can be attributed to the group that it's in. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report OUTERWALL INC (OUTR): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report LIONBRIDGE TECH (LIOX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Chicago, IL - June 24, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Outerwall ( OUTR ), Convergys ( CVG ) , Express Inc. ( EXPR ) and Lionbridge Technologies ( LIOX ) . Parameters • Zacks Rank equal to 1 • Top 50% of Zacks Ranked Industries • Price to Sales less than or equal to 1 • ROE (recent) greater than ROE (from 1 Quarter ago) • Net Margin (recent) greater than Net Margin (from 1 Quarter ago) Stocks ( AAN ) Aaron's ( OUTR ) Outerwall ( CVG ) Convergys ( EXPR ) Express Inc. ( LIOX ) Lionbridge Technologies Summary We said it before, but it's worth saying it again: 50% of a stock's price movement can be attributed to the group that it's in. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report OUTERWALL INC (OUTR): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report LIONBRIDGE TECH (LIOX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Chicago, IL - June 24, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Outerwall ( OUTR ), Convergys ( CVG ) , Express Inc. ( EXPR ) and Lionbridge Technologies ( LIOX ) . Parameters • Zacks Rank equal to 1 • Top 50% of Zacks Ranked Industries • Price to Sales less than or equal to 1 • ROE (recent) greater than ROE (from 1 Quarter ago) • Net Margin (recent) greater than Net Margin (from 1 Quarter ago) Stocks ( AAN ) Aaron's ( OUTR ) Outerwall ( CVG ) Convergys ( EXPR ) Express Inc. ( LIOX ) Lionbridge Technologies Summary We said it before, but it's worth saying it again: 50% of a stock's price movement can be attributed to the group that it's in. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report OUTERWALL INC (OUTR): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report LIONBRIDGE TECH (LIOX): Free Stock Analysis Report To read this article on Zacks.com click here.
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9324.0
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2015-06-23 00:00:00 UTC
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Will hhgregg (HGG) Continue to Disappoint on Lower Comps? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-hhgregg-hgg-continue-to-disappoint-on-lower-comps-analyst-blog-2015-06-23
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nan
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nan
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On Jun 22, we issued an updated research report on hhgregg, Inc.HGG . This appliance and electronics retailer reported dismal results in the fourth quarter of fiscal 2015 on May 15.
hhgregg missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the fourth quarter and fiscal 2015. hhgregg's losses also widened from the prior year loss, primarily due to a decline in sales. Sales decreased 9.8% year over year due to a drop of 10% in comparable store sales.
Comp sales declined in all the categories in the quarter. The computers and tablet category witnessed the steepest decline due to a decrease in unit demand for computers and tablets, a decrease in average selling prices for computers and tablets and the exit from contract-based mobile phone business in the first quarter of fiscal 2015. We note that industry sales of tablets have remained sluggish for quite some time, while laptop sales within the industry have been relatively flat.
Apart from the computers and tablet category, we note that the company's consumer electronic business has also been witnessing sluggish comps for the last few quarters. Though the rate of comps decline in the category has moderated owing to improved mix with larger screen sizes and 4K ultra high definition TVs, the decline in unit demand in the video category is hurting sales. Category sales are expected to remain in the red and the company expects continued volatility.
We believe hhgregg is leaving no stone unturned to revive its struggling business but a continued positive trend is yet to be seen, given the overall industry weakness. Product innovation, discounts and promotional offers, improvement in home-delivery facilities, focus on developing brands, exit from underperforming businesses and store openings are some of the measures undertaken by the company to boost sales.
hhgregg has a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Some better-ranked companies in the electronics and appliances industry include Aaron's, Inc. AAN and Conn's, Inc. CONN . While Aaron's sports a Zacks Rank #1 (Strong Buy), Conn's carries a Zacks Rank #2 (Buy). Another retailer Citi Trends, Inc. CTRN also holds a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks That Warrant a Look Some better-ranked companies in the electronics and appliances industry include Aaron's, Inc. AAN and Conn's, Inc. CONN . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from the computers and tablet category, we note that the company's consumer electronic business has also been witnessing sluggish comps for the last few quarters.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Some better-ranked companies in the electronics and appliances industry include Aaron's, Inc. AAN and Conn's, Inc. CONN . This appliance and electronics retailer reported dismal results in the fourth quarter of fiscal 2015 on May 15. hhgregg missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the fourth quarter and fiscal 2015. hhgregg's losses also widened from the prior year loss, primarily due to a decline in sales.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Some better-ranked companies in the electronics and appliances industry include Aaron's, Inc. AAN and Conn's, Inc. CONN . This appliance and electronics retailer reported dismal results in the fourth quarter of fiscal 2015 on May 15. hhgregg missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the fourth quarter and fiscal 2015. hhgregg's losses also widened from the prior year loss, primarily due to a decline in sales.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Some better-ranked companies in the electronics and appliances industry include Aaron's, Inc. AAN and Conn's, Inc. CONN . The computers and tablet category witnessed the steepest decline due to a decrease in unit demand for computers and tablets, a decrease in average selling prices for computers and tablets and the exit from contract-based mobile phone business in the first quarter of fiscal 2015.
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9325.0
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2015-06-23 00:00:00 UTC
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Knoll, Gorman-Rupp, Aaron's, Lithia Motors and BJ's Restaurants highlighted as Zacks Bull and Bear of the Day - Press Releases
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AAN
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https://www.nasdaq.com/articles/knoll-gorman-rupp-aarons-lithia-motors-and-bjs-restaurants-highlighted-as-zacks-bull-and
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nan
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nan
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Chicago, IL - June 23, 2015- Zacks Equity Research highlights Knoll ( KNL ) as the Bull of the Day and Gorman-Rupp ( GRC ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ) and BJ's Restaurants, Inc. ( BJRI ).
Here is a synopsis of all five stocks:
Bull of the Day :
Earnings estimates have risen sharply for Knoll ( KNL ) after the company delivered strong first quarter results on April 20. Not only did the furniture maker deliver strong revenue growth in Q1, margins expanded significantly, leading to enormous growth in profits.
The agreement and magnitude of analysts' estimate revisions has been strong enough to send shares of Knoll to a Zacks Rank #1 (Strong Buy). That puts it in the top 5% of all stocks that Zacks ranks based on earnings momentum.
Knoll designs and manufactures furnishings and accessories, textiles, fine leathers, and felt, for the workplace and home. Its products are targeted at the middle to upper end of the market and are sold primarily in North America and Europe.
The company reports its results in three segments: Office (office furniture; 63% of net sales in Q1), Studio (lounge seating, side, cafe and dining chairs, barstools, and conference, dining and occasional tables, as well as indoor and outdoor furniture and lighting; 26%) and Coverings (high-quality textiles, felt, and leather; 11%).
Bear of the Day :
Earnings estimates have fallen sharply for Gorman-Rupp ( GRC ) following a big Q1 miss. A sharp drop in oil and gas production hurt sales and margins in Q1.
The negative estimate revisions have been significant enough to send shares of Gorman-Rupp to a Zacks Rank #5 (Strong Sell). That puts the stock in the bottom 5% of all companies that Zacks ranks based on earnings momentum.
The Gorman-Rupp Company designs and manufactures pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
Its product line consists of pump models ranging in size from 1/4" to nearly 15 feet and ranging in capacity from less than one gallon per minute to nearly one million gallons per minute.
Gorman-Rupp reported disappointing first quarter results on April 23. Earnings per share came in at $0.28, missing the Zacks Consensus Estimate of $0.41. It was a 26% decline from the same quarter last year.
Net sales fell 10% to $99.233 million, well below the consensus of $119 million. This was due to "the extremely rapid decline in oil and natural gas production, combined with adverse winter conditions." The gross profit margin fell 934 basis points to 24.1% of net sales.
Despite the revenue drop, S,G & A expenses rose 3.5% year-over-year. As a percentage of net sales, S,G & A jumped from 11.7% to 13.4%. These factors led to a 28% drop in operating income year-over-year.
Meanwhile, total inventories jumped 8% year-over-year, due to a 154% increase in finished products. This suggests that the company may face sales and margin headwinds in the upcoming quarters too.
Additional content:
3 Retail Growth Stocks to Kickstart Q2 Earnings Season
It is time to rejuvenate your portfolio once again, as we gradually head toward second-quarter earnings season. Nonetheless, the unpredictability which is so characteristic of the market continues to haunt every investor. Things have not changed much from the first quarter which was defined by a strong dollar, weakness in the energy sector and global growth issues.
However, a little groundwork will definitely give a fair idea that the economy isn't in such a bad shape as was perceived when the "second estimate" released by the Commerce Department revealed that GDP shrank 0.7% in first-quarter 2015 - harsh winter weather, strikes at Western Coast ports, a stronger dollar hampering exports, and decline in business investment were cited as the reasons behind the meltdown.
Instead, gradual recovery in the housing market, the strengthening manufacturing sector, an improving labor market and lower gasoline prices are favoring the economy. Moreover, progress related to Greece's debt deal may also support growth. Industry analysts predict that the encouraging economic data will be reflected in interest rate hike sometime later in the year. However, they are keeping their fingers crossed regarding markets' reactions.
Coming to numbers, recent data shows that unemployment claims dropped by 12,000 for the week ended Jun 13, to a seasonally adjusted 267,000 versus the consensus estimate of 276,500, while the unemployment rate is hovering around 5.5%. Consumer confidence - a key determinant of financial health - is also improving, making the future look brighter. In fact, the preliminary data released by the University of Michigan highlighted that the consumer sentiment index has jumped to 94.6 in June from the May reading of 90.7.
However, despite a convincing economic recovery, consumer spending remained flat in April, following a 0.5% increase in March. Consumer spending, which accounts for over two-thirds of the U.S. economic activity, decelerated to a rate of 1.8% in first-quarter 2015 from 4.4% in fourth-quarter 2014.
It is quite apparent that market sentiment is influenced by a number of events. Well, now there are two choices -- either be a spectator and wait for a convincing economic climate, or be a front-runner by identifying stocks that have the potential to outperform even when market conditions are not congenial. However, it might be difficult for one to look at each parameter and compare with the peer group for an analysis on whether the stock is attractive from the growth perspective.
To make the task easy, Zacks has designed the new Style Score System . The attractiveness of a stock as an investment option is confirmed by its Growth Style Score of "A" (or "B"). The Growth Style Score combines conventional growth metrics with a thorough analysis of the company's income statement, balance sheet and statements of cash flows to evaluate its financial health and the sustainability of its growth trajectory. Our research shows that stocks with Growth Style Scores of A or B when combined with a Zacks Rank #1 (Strong Buy) or #2 (Buy) offer the best upside potential.
3 Retail Growth Picks
We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP :
We suggest investing in Aaron's, Inc. ( AAN ), a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." This Zacks Rank #1 stock has a long-term earnings growth rate of 12%. The Atlanta, GA-based company delivered an average positive earnings surprise of 12.2% over the trailing four quarters, and has an Earnings ESP of +8.70%. It is expected to witness earnings growth of 27.5% in 2015 and 16.2% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Lithia Motors Inc. ( LAD ), which operates as an automotive franchisee and retailer of new and used vehicles, is another solid bet, with a Growth Score of "B." The stock holds a Zacks Rank #2, and has a long-term earnings growth rate of 22.4%. Based in Medford, OR, Lithia Motors delivered an average positive earnings surprise of 10.1% over the trailing four quarters, and has an Earnings ESP of +0.61%. The company is expected to witness earnings growth of 25% in 2015 and 10.6% in 2016. The Zacks Consensus Estimate too has been portraying an uptrend over the past 60 days.
Another Zacks Rank #2 stock that investors may look forward to is BJ's Restaurants, Inc. ( BJRI ), with a Growth Score of "A." This operator of casual dining restaurants has an Earnings ESP of +2.56%. An average positive earnings surprise of 44.5% over the trailing four quarters and a long-term earnings growth rate of 20.2% make this Huntington Beach, CA-based company quite an attractive investment option. The company is expected to witness earnings growth of 41.1% in 2015 and 21.2% in 2016. The Zacks Consensus Estimate too has trended upward over the past 60 days.
Bottom Line
Investors can confidently end their search at stocks with a better Zacks Rank status of either #1 or #2, which encompasses its strong fundamentals, promises price movement and highlights analysts' constructive view on the same via positive estimate revisions. A sturdy portfolio always gives favorable returns.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Click here to subscribe to this free newsletter today .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
KNOLL INC (KNL): Free Stock Analysis Report
GORMAN RUPP CO (GRC): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ) and BJ's Restaurants, Inc. ( BJRI ). 3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc. ( AAN ), a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." Click to get this free report KNOLL INC (KNL): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here.
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In addition, Zacks Equity Research provides analysis on Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ) and BJ's Restaurants, Inc. ( BJRI ). Click to get this free report KNOLL INC (KNL): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. 3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc. ( AAN ), a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A."
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3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc. ( AAN ), a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." Click to get this free report KNOLL INC (KNL): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ) and BJ's Restaurants, Inc. ( BJRI ).
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3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc. ( AAN ), a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." In addition, Zacks Equity Research provides analysis on Aaron's, Inc. ( AAN ), Lithia Motors Inc. ( LAD ) and BJ's Restaurants, Inc. ( BJRI ). Click to get this free report KNOLL INC (KNL): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here.
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9326.0
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2015-06-22 00:00:00 UTC
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Can Nike (NKE) Deliver Yet Another Earnings Beat in Q4? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/can-nike-nke-deliver-yet-another-earnings-beat-in-q4-analyst-blog-2015-06-22
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nan
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nan
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We expect leading sportswear retailer, Nike Inc.NKE to beat expectations when it reports fourth-quarter fiscal 2015 results after the market closes on Jun 25, 2015.
Why a Likely Positive Surprise?
Our proven model shows that Nike is likely to beat earnings because it has the right combination of the two key ingredients.
Zacks ESP:Earnings ESP , which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at +1.21%. A favorable Zacks ESP serves as a meaningful and leading indicator of a likely positive earnings surprise.
Zacks Rank: Nike currently carries a Zacks Rank #3 (Hold). Note that stocks with a Zacks Rank #1, 2 or 3 have a significantly higher chance of beating earnings estimates. Conversely, Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
Nike's Zacks Rank #3 and positive ESP make us confident of an earnings beat in the fourth quarter of fiscal 2015.
What is Driving the Better-than-Expected Earnings?
Nike has outperformed the Zacks Consensus Estimate by an average of 9.5% over the past four quarters, with a positive beat in each quarter. The company's solid quarterly performances reflect its concentration on adopting innovations to keep up with its customers. Nike's results remain impressive, backed by its constant focus on exploiting growth opportunities along with efficient risk management. Going forward, the company plans to follow these standards in order to enhance shareholder value in the long run.
Consequently, despite the currency headwinds that are expected to linger, management remains optimistic about the fourth quarter as it anticipates the strong momentum to continue.
Other Stocks to Consider
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Aaron's, Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy).
BJ's Restaurants, Inc. BJRI has an Earnings ESP of +2.56% and a Zacks Rank #2 (Buy).
Cabela's Incorporated CAB has an Earnings ESP of +1.67% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NIKE INC-B (NKE): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CABELAS INC (CAB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's, Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Nike's Zacks Rank #3 and positive ESP make us confident of an earnings beat in the fourth quarter of fiscal 2015.
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Other Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's, Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's, Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Nike's Zacks Rank #3 and positive ESP make us confident of an earnings beat in the fourth quarter of fiscal 2015.
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Other Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Aaron's, Inc. AAN has an Earnings ESP of +8.70% and a Zacks Rank #1 (Strong Buy). Click to get this free report NIKE INC-B (NKE): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Nike's Zacks Rank #3 and positive ESP make us confident of an earnings beat in the fourth quarter of fiscal 2015.
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9327.0
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2015-06-22 00:00:00 UTC
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3 Retail Growth Stocks to Kick-Start Q2 Earnings Season - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/3-retail-growth-stocks-to-kick-start-q2-earnings-season-analyst-blog-2015-06-22
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nan
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nan
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It is time to rejuvenate your portfolio once again, as we gradually head toward second-quarter earnings season. Nonetheless, the unpredictability which is so characteristic of the market continues to haunt every investor. Things have not changed much from the first quarter which was defined by a strong dollar, weakness in the energy sector and global growth issues.
However, a little groundwork will definitely give a fair idea that the economy isn't in such a bad shape as was perceived when the "second estimate" released by the Commerce Department revealed that GDP shrank 0.7% in first-quarter 2015 - harsh winter weather, strikes at Western Coast ports, a stronger dollar hampering exports, and decline in business investment were cited as the reasons behind the meltdown.
Instead, gradual recovery in the housing market, the strengthening manufacturing sector, an improving labor market and lower gasoline prices are favoring the economy. Moreover, progress related to Greece's debt deal may also support growth. Industry analysts predict that the encouraging economic data will be reflected in interest rate hike sometime later in the year. However, they are keeping their fingers crossed regarding markets' reactions.
Coming to numbers, recent data shows that unemployment claims dropped by 12,000 for the week ended Jun 13, to a seasonally adjusted 267,000 versus the consensus estimate of 276,500, while the unemployment rate is hovering around 5.5%. Consumer confidence - a key determinant of financial health - is also improving, making the future look brighter. In fact, the preliminary data released by the University of Michigan highlighted that the consumer sentiment index has jumped to 94.6 in June from the May reading of 90.7.
However, despite a convincing economic recovery, consumer spending remained flat in April, following a 0.5% increase in March. Consumer spending, which accounts for over two-thirds of the U.S. economic activity, decelerated to a rate of 1.8% in first-quarter 2015 from 4.4% in fourth-quarter 2014.
It is quite apparent that market sentiment is influenced by a number of events. Well, now there are two choices -- either be a spectator and wait for a convincing economic climate, or be a front-runner by identifying stocks that have the potential to outperform even when market conditions are not congenial. However, it might be difficult for one to look at each parameter and compare with the peer group for an analysis on whether the stock is attractive from the growth perspective.
To make the task easy, Zacks has designed the new Style Score System . The attractiveness of a stock as an investment option is confirmed by its Growth Style Score of "A" (or "B"). The Growth Style Score combines conventional growth metrics with a thorough analysis of the company's income statement, balance sheet and statements of cash flows to evaluate its financial health and the sustainability of its growth trajectory. Our research shows that stocks with Growth Style Scores of A or B when combined with a Zacks Rank #1 (Strong Buy) or #2 (Buy) offer the best upside potential.
3 Retail Growth Picks
We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP :
We suggest investing in Aaron's, Inc.AAN , a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." This Zacks Rank #1 stock has a long-term earnings growth rate of 12%. The Atlanta, GA-based company delivered an average positive earnings surprise of 12.2% over the trailing four quarters, and has an Earnings ESP of +8.70%. It is expected to witness earnings growth of 27.5% in 2015 and 16.2% in 2016. The Zacks Consensus Estimate too has moved up over the past 60 days.
Lithia Motors Inc.LAD , which operates as an automotive franchisee and retailer of new and used vehicles, is another solid bet, with a Growth Score of "B." The stock holds a Zacks Rank #2, and has a long-term earnings growth rate of 22.4%. Based in Medford, OR, Lithia Motors delivered an average positive earnings surprise of 10.1% over the trailing four quarters, and has an Earnings ESP of +0.61%. The company is expected to witness earnings growth of 25% in 2015 and 10.6% in 2016. The Zacks Consensus Estimate too has been portraying an uptrend over the past 60 days.
Another Zacks Rank #2 stock that investors may look forward to is BJ's Restaurants, Inc.BJRI , with a Growth Score of "A." This operator of casual dining restaurants has an Earnings ESP of +2.56%. An average positive earnings surprise of 44.5% over the trailing four quarters and a long-term earnings growth rate of 20.2% make this Huntington Beach, CA-based company quite an attractive investment option. The company is expected to witness earnings growth of 41.1% in 2015 and 21.2% in 2016. The Zacks Consensus Estimate too has trended upward over the past 60 days.
Bottom Line
Investors can confidently end their search at stocks with a better Zacks Rank status of either #1 or #2, which encompasses its strong fundamentals, promises price movement and highlights analysts' constructive view on the same via positive estimate revisions. A sturdy portfolio always gives favorable returns.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc.AAN , a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. However, a little groundwork will definitely give a fair idea that the economy isn't in such a bad shape as was perceived when the "second estimate" released by the Commerce Department revealed that GDP shrank 0.7% in first-quarter 2015 - harsh winter weather, strikes at Western Coast ports, a stronger dollar hampering exports, and decline in business investment were cited as the reasons behind the meltdown.
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Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. 3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc.AAN , a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." Based in Medford, OR, Lithia Motors delivered an average positive earnings surprise of 10.1% over the trailing four quarters, and has an Earnings ESP of +0.61%.
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3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc.AAN , a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. An average positive earnings surprise of 44.5% over the trailing four quarters and a long-term earnings growth rate of 20.2% make this Huntington Beach, CA-based company quite an attractive investment option.
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3 Retail Growth Picks We have identified 3 Retail Growth Stocks which have incredible potential in the near term and a positive Zacks Earnings ESP : We suggest investing in Aaron's, Inc.AAN , a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories, with a Growth Score of "A." Click to get this free report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. The attractiveness of a stock as an investment option is confirmed by its Growth Style Score of "A" (or "B").
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9328.0
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2015-06-18 00:00:00 UTC
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Whirlpool Continues to Disappoint: What is the Problem? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/whirlpool-continues-to-disappoint%3A-what-is-the-problem-analyst-blog-2015-06-18
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nan
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nan
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Whirlpool Corp.WHR , the world's largest home-appliances manufacturer has been witnessing downward revisions in the Zacks Consensus Estimate, ever since it posted first-quarter 2015 results on Apr 28, 2015. The lower-than-expected results coupled with a disappointing outlook had pushed the stock price down by 7.1% on the day.
The dismal start to the year led analysts to become less constructive on the future performance of this Zacks Rank #5 (Strong Sell) stock. This is evident from the movement witnessed in the Zacks Consensus Estimate that tumbled 13.4% and 9.1% to $12.36 and $15.33 per share for 2015 and 2016, respectively, over the past 60 days.
Whirlpool's weakness is also highlighted by the fact that the company delivered an average negative earnings surprise of about 3% in 2014.
This negativity lingered into 2015 as Whirlpool's first-quarter results were strongly impacted by the ongoing currency headwinds as well as soft demand in Brazil, which more than offset the benefits of ongoing cost productivity, sustained focus on cost and capacity reduction initiatives, and gains from acquired assets.
As a result of these factors, the company's adjusted earnings per share of $2.14 fell short of the Zacks Consensus Estimate of $2.49, and declined 2.7% year over year. Adding to this debacle, the top line of $4,846 million missed the Zacks Consensus Estimate of $5,155 million. However, investors received some respite from an 11% year-over-year improvement in sales.
Nevertheless, the soft start to 2015 triggered management to lower its earnings forecast for the year as it expects the currency headwinds and weak demand environment in Brazil to persist. The company now anticipates adjusted earnings in the range of $12.00-$13.00 per share versus $14.00-$15.00 expected earlier.
Stocks that Warrant a Look
Better-ranked stocks in the related industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Target Corp. TGT and Conns Inc. CONN , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WHIRLPOOL CORP (WHR): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks that Warrant a Look Better-ranked stocks in the related industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Target Corp. TGT and Conns Inc. CONN , each carrying a Zacks Rank #2 (Buy). Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Whirlpool Corp.WHR , the world's largest home-appliances manufacturer has been witnessing downward revisions in the Zacks Consensus Estimate, ever since it posted first-quarter 2015 results on Apr 28, 2015.
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Stocks that Warrant a Look Better-ranked stocks in the related industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Target Corp. TGT and Conns Inc. CONN , each carrying a Zacks Rank #2 (Buy). Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks that Warrant a Look Better-ranked stocks in the related industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Target Corp. TGT and Conns Inc. CONN , each carrying a Zacks Rank #2 (Buy). Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. As a result of these factors, the company's adjusted earnings per share of $2.14 fell short of the Zacks Consensus Estimate of $2.49, and declined 2.7% year over year.
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Stocks that Warrant a Look Better-ranked stocks in the related industry include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Target Corp. TGT and Conns Inc. CONN , each carrying a Zacks Rank #2 (Buy). Click to get this free report WHIRLPOOL CORP (WHR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. This is evident from the movement witnessed in the Zacks Consensus Estimate that tumbled 13.4% and 9.1% to $12.36 and $15.33 per share for 2015 and 2016, respectively, over the past 60 days.
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9329.0
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2015-06-17 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Aaron's, Asbury Automotive Group and Big 5 Sporting Goods - Press Releases
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AAN
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-aarons-asbury-automotive-group-and-big-5-sporting-goods
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nan
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nan
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For Immediate Release
Chicago, IL - June 17, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday's Analyst Blog:
Consumer Sentiment Improves: 3 Stock Picks
Consumer sentiment improved in June, coming in significantly higher than last month's numbers. This follows encouraging retail sales and consumer credit numbers, indicating that the American consumer is willing to spend more. The increase in expenditure is being fueled by expectations of an increase in wage growth. Following a difficult winter, these factors are expected to help the economy return to its growth path.
Consumer Sentiment Improves
Upbeat data on consumer sentiment indicated the economy was on a solid footing. The University of Michigan and Thomson Reuters' preliminary reading of consumer sentiment was at 94.6 in June. This was more than the consensus forecast of an increase to 91.2 as well last month's figure of 90.7.
This encouraging report comes despite an increase in petroleum prices. Higher petroleum prices in turn fueled an increase in PPI for the month of May. PPI gained 0.5% in May, more than the consensus estimate of an increase by 0.4%. This was the highest increase recorded in more than 36 months.
Retail Sales, Consumer Credit Rise
Earlier in the month, retail sales increased 1.2% in May from previous month to $444.9 billion. This rate of growth was significantly higher than April's revised gain of 0.2%. May's figure increased 2.7% from the year-ago level. Meanwhile, March's gain was revised upward to 1.5%, marking the highest monthly gain in almost five years.
Additionally, another report released this month revealed consumer credit increased at a seasonally adjusted annual rate of 7.25% in April. Non-revolving credit increased at an annual rate of 5.75%. Revolving credit also increased at an annual rate of 11.5%.
Jobs Data, Economic Outlook Encouraging
Market watchers attribute the increase in consumer confidence to expectations of an increase in wages. According to this month's employment report, U.S. economy created a total of 280,000 jobs in May, witnessing the largest job addition since Dec 2014. More significantly, average hourly wages also witnessed a strong year-on-year gain of 2.3%.
The consumer sentiment survey indicated that respondents were optimistic about better economic conditions. Households believed they would receive the highest wage gains since 2008. Personal financial prospects were expected to be the best since 2007. While the index of current economic conditions increased from 100.8 to 106.8, the gauge of consumer expectations increased from 84.2 to 86.8 in June.
Our Choices
Below we present three stocks set to benefit from these trends. Finding a great growth stock can be a tough task. But thanks to our new style score system we have been able to identify a few growth stocks which have incredible potential in the near term.
Our research shows that stocks with Growth Style Scores of 'A' or 'B' when combined Zacks Rank # 1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the growth investing space.
Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
Aaron's holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 27.5% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 16.00.
Asbury Automotive Group, Inc. ( ABG ) is one of the largest automotive retailers in the US. They sell, finance and service a diverse range of foreign and domestic automobile brands.
Apart from a Zacks Rank #1 (Strong Buy), Asbury Automotive has a Growth Style Score of 'A.' The company has expected earnings growth of 24.9% for the current year. It has a P/E (F1) of 15.94x.
Big 5 Sporting Goods Corp. ( BGFV ) through its subsidiaries is engaged in providing independent services primarily comprising distribution of wealth management products to the high net worth population in China.
Big 5 Sporting Goods holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 10.9% for the current year. It has a P/E (F1) of 17.17x.
This month's employment data has already shown evidence that the economy is ready to bounce back. Evidence of wage gains and expectations of further progress in this direction has added to consumer optimism. The promise of strong growth, backed by excellent fundamentals means these stocks would make good additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Stocks recently featured in the blog include the Aaron's, Inc. ( AAN ), Asbury Automotive Group, Inc. ( ABG ) and Big 5 Sporting Goods Corp. ( BGFV ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report To read this article on Zacks.com click here.
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9330.0
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2015-06-17 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: Aaron's, Heartland Financial, Matson, SkyWest and Transmontaigne Partners - Press Releases
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AAN
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-aarons-heartland-financial-matson
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nan
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Chicago, IL - June 17, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Heartland Financial ( HTLF ), Matson ( MATX ) , SkyWest ( SKYW ) and Transmontaigne Partners ( TLP ) . Kevin Matras shows why stocks with new analyst coverage are stocks you want to have.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Using Price-to-Cash-Flow to Find Value
The Price to Earnings ratio (or P/E) is probably the most common ratio in determining whether a company is under or overvalued.
However, the Price to Cash Flow (or P/CF) is another great ratio to do just that.
Cash, of course, is vital to a company's financial health in order to finance operations, invest in the business, etc.
And cash can't really be manipulated on the Income Statement like earnings can.
The reason why some like this measurement better than the P/E ratio is because the net income of the Cash Flow portion rightly adds depreciation and amortization back in, since these are not cash expenditures.
Whereas the net income that goes into the Earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio.
So many analysts prefer using the Price to Cash Flow metric to judge a stock's value.
And just like the P/E ratio is calculated by dividing the Price by its Earnings per share -- the Price to Cash Flow ratio is calculated by dividing the Price by its Cash Flow per share.
Also like a P/E ratio, the lower the number, the better.
Currently, the average Price to Cash Flow (P/CF) for the stocks in the S&P 500 is 14.06.
But just like the P/E ratio, a value of less than 15 to 20 is generally considered good.
In my testing I have found that a P/CF between 0-10 produced the best results (17.1% over the last 10 years (using a 1-week rebalancing period). The second best results came with the range of 10-20 with a 10.2% gain. However, once you get over 30, the odds point to a loss (-2.8%). And over 40, the odds of loss are even greater at -6.9%.
By the way, if you add the Zacks Rank to that first range, the results increase to 34.7%. Pretty awesome.
This being said though, I still also like comparing the stocks' P/CF to its Industry, as different Industries will have different numbers that are considered normal.
For example: for Computer-Software companies, the median Price/Cash Flow is 18.51, whereas for Telecom it's 6.90.
Screen
The screen I'm running today is relatively simple:
• Zacks Rank equals 1
(Only Strong Buys get thru.)
• One Year Projected Growth Rate greater than or equal to Average for the S&P 500
(Looking for above market growth rates.)
• Current Cash Flow greater than or equal to 5 Year Average Cash Flow
(I want to see the company's cash position improving.)
• Price to Cash Flow less than or equal to Median for its Industry
(Want to see companies with valuations lower than the median for their respective groups.)
Here are 5 stocks that came thru this week's screen:
( AAN ) Aaron's
( HTLF ) Heartland Financial
( MATX ) Matson
( SKYW ) SkyWest
( TLP ) Transmontaigne Partners
Start looking for value stocks in new ways with this week's screen. Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today! You can do it.
Click here to sign up for a free trial to the Research Wizard today.
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here http://at.zacks.com/?id=112
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
HEARTLAND FINCL (HTLF): Free Stock Analysis Report
MATSON INC (MATX): Free Stock Analysis Report
SKYWEST INC (SKYW): Free Stock Analysis Report
TRANSMONTN PTNR (TLP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Chicago, IL - June 17, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Heartland Financial ( HTLF ), Matson ( MATX ) , SkyWest ( SKYW ) and Transmontaigne Partners ( TLP ) . Here are 5 stocks that came thru this week's screen: ( AAN ) Aaron's ( HTLF ) Heartland Financial ( MATX ) Matson ( SKYW ) SkyWest ( TLP ) Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report TRANSMONTN PTNR (TLP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Chicago, IL - June 17, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Heartland Financial ( HTLF ), Matson ( MATX ) , SkyWest ( SKYW ) and Transmontaigne Partners ( TLP ) . Here are 5 stocks that came thru this week's screen: ( AAN ) Aaron's ( HTLF ) Heartland Financial ( MATX ) Matson ( SKYW ) SkyWest ( TLP ) Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report TRANSMONTN PTNR (TLP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report TRANSMONTN PTNR (TLP): Free Stock Analysis Report To read this article on Zacks.com click here. Chicago, IL - June 17, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Heartland Financial ( HTLF ), Matson ( MATX ) , SkyWest ( SKYW ) and Transmontaigne Partners ( TLP ) . Here are 5 stocks that came thru this week's screen: ( AAN ) Aaron's ( HTLF ) Heartland Financial ( MATX ) Matson ( SKYW ) SkyWest ( TLP ) Transmontaigne Partners Start looking for value stocks in new ways with this week's screen.
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Chicago, IL - June 17, 2015 - Stocks in this week's article include: Aaron's ( AAN ), Heartland Financial ( HTLF ), Matson ( MATX ) , SkyWest ( SKYW ) and Transmontaigne Partners ( TLP ) . Here are 5 stocks that came thru this week's screen: ( AAN ) Aaron's ( HTLF ) Heartland Financial ( MATX ) Matson ( SKYW ) SkyWest ( TLP ) Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report TRANSMONTN PTNR (TLP): Free Stock Analysis Report To read this article on Zacks.com click here.
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9331.0
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2015-06-16 00:00:00 UTC
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Consumer Sentiment Improves: 3 Stock Choices - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/consumer-sentiment-improves-3-stock-choices-analyst-blog-2015-06-16
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nan
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nan
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Consumer sentiment improved in June, coming in significantly higher than last month's numbers. This follows encouraging retail sales and consumer credit numbers, indicating that the American consumer is willing to spend more. The increase in expenditure is being fueled by expectations of an increase in wage growth. Following a difficult winter, these factors are expected to help the economy return to its growth path.
Consumer Sentiment Improves
Upbeat data on consumer sentiment indicated the economy was on a solid footing. The University of Michigan and Thomson Reuters' preliminary reading of consumer sentiment was at 94.6 in June. This was more than the consensus forecast of an increase to 91.2 as well last month's figure of 90.7.
This encouraging report comes despite an increase in petroleum prices. Higher petroleum prices in turn fueled an increase in PPI for the month of May. PPI gained 0.5% in May, more than the consensus estimate of an increase by 0.4%. This was the highest increase recorded in more than 36 months.
Retail Sales, Consumer Credit Rise
Earlier in the month, retail sales increased 1.2% in May from previous month to $444.9 billion. This rate of growth was significantly higher than April's revised gain of 0.2%. May's figure increased 2.7% from the year-ago level. Meanwhile, March's gain was revised upward to 1.5%, marking the highest monthly gain in almost five years.
Additionally, another report released this month revealed consumer credit increased at a seasonally adjusted annual rate of 7.25% in April. Non-revolving credit increased at an annual rate of 5.75%. Revolving credit also increased at an annual rate of 11.5%.
Jobs Data, Economic Outlook Encouraging
Market watchers attribute the increase in consumer confidence to expectations of an increase in wages. According to this month's employment report, U.S. economy created a total of 280,000 jobs in May, witnessing the largest job addition since Dec 2014. More significantly, average hourly wages also witnessed a strong year-on-year gain of 2.3%.
The consumer sentiment survey indicated that respondents were optimistic about better economic conditions. Households believed they would receive the highest wage gains since 2008. Personal financial prospects were expected to be the best since 2007. While the index of current economic conditions increased from 100.8 to 106.8, the gauge of consumer expectations increased from 84.2 to 86.8 in June.
Our Choices
Below we present three stocks set to benefit from these trends. Finding a great growth stock can be a tough task. But thanks to our new style score system we have been able to identify a few growth stocks which have incredible potential in the near term.
Our research shows that stocks with Growth Style Scores of 'A' or 'B' when combined Zacks Rank # 1 (Strong Buy) or Zacks Rank #2 (Buy) offer the best investment opportunities in the growth investing space.
Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
Aaron's holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 27.5% for the current year. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 16.00.
Asbury Automotive Group, Inc.ABG is one of the largest automotive retailers in the US. They sell, finance and service a diverse range of foreign and domestic automobile brands.
Apart from a Zacks Rank #1 (Strong Buy), Asbury Automotive has a Growth Style Score of 'A.' The company has expected earnings growth of 24.9% for the current year. It has a P/E (F1) of 15.94x.
Big 5 Sporting Goods Corp.BGFV through its subsidiaries is engaged in providing independent services primarily comprising distribution of wealth management products to the high net worth population in China.
Big 5 Sporting Goods holds a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of 'A.' The company has expected earnings growth of 10.9% for the current year. It has a P/E (F1) of 17.17x.
This month's employment data has already shown evidence that the economy is ready to bounce back. Evidence of wage gains and expectations of further progress in this direction has added to consumer optimism. The promise of strong growth, backed by excellent fundamentals means these stocks would make good additions to your portfolio.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, another report released this month revealed consumer credit increased at a seasonally adjusted annual rate of 7.25% in April.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Apart from a Zacks Rank #1 (Strong Buy), Asbury Automotive has a Growth Style Score of 'A.'
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Retail Sales, Consumer Credit Rise Earlier in the month, retail sales increased 1.2% in May from previous month to $444.9 billion.
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Aaron's, Inc.AAN is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in expenditure is being fueled by expectations of an increase in wage growth.
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9332.0
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2015-06-16 00:00:00 UTC
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Using the Price to Cash Flow to Find Value - Screen of the Week
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AAN
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https://www.nasdaq.com/articles/using-price-cash-flow-find-value-screen-week-2015-06-16
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nan
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nan
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The Price to Earnings ratio (or P/E) is probably the most common ratio in determining whether a company is under or overvalued.
However, the Price to Cash Flow (or P/CF) is another great ratio to do just that.
Cash, of course, is vital to a company's financial health in order to finance operations, invest in the business, etc.
And cash can't really be manipulated on the Income Statement like earnings can.
The reason why some like this measurement better than the P/E ratio is because the net income of the Cash Flow portion rightly adds depreciation and amortization back in, since these are not cash expenditures.
Whereas the net income that goes into the Earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio.
So many analysts prefer using the Price to Cash Flow metric to judge a stock's value.
And just like the P/E ratio is calculated by dividing the Price by its Earnings per share -- the Price to Cash Flow ratio is calculated by dividing the Price by its Cash Flow per share.
Also like a P/E ratio, the lower the number, the better.
Currently, the average Price to Cash Flow (P/CF) for the stocks in the S&P 500 is 14.06.
But just like the P/E ratio, a value of less than 15 to 20 is generally considered good.
In my testing I have found that a P/CF between 0-10 produced the best results (17.1% over the last 10 years (using a 1-week rebalancing period). The second best results came with the range of 10-20 with a 10.2% gain. However, once you get over 30, the odds point to a loss (-2.8%). And over 40, the odds of loss are even greater at -6.9%.
By the way, if you add the Zacks Rank to that first range, the results increase to 34.7%. Pretty awesome.
This being said though, I still also like comparing the stocks' P/CF to its Industry, as different Industries will have different numbers that are considered normal.
For example: for Computer-Software companies, the median Price/Cash Flow is 18.51, whereas for Telecom it's 6.90.
Screen
The screen I'm running today is relatively simple:
• Zacks Rank equals 1
(Only Strong Buys get thru.)
• One Year Projected Growth Rate greater than or equal to Average for the S&P 500
(Looking for above market growth rates.)
• Current Cash Flow greater than or equal to 5 Year Average Cash Flow
(I want to see the company's cash position improving.)
• Price to Cash Flow less than or equal to Median for its Industry
(Want to see companies with valuations lower than the median for their respective groups.)
Here are 5 stocks that came thru this week's screen:
AAN Aaron's
HTLF Heartland Financial
MATX Matson
SKYW SkyWest
TLP Transmontaigne Partners
Start looking for value stocks in new ways with this week's screen. Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today! You can do it.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TRANSMONTN PTNR (TLP): Free Stock Analysis Report
SKYWEST INC (SKYW): Free Stock Analysis Report
MATSON INC (MATX): Free Stock Analysis Report
HEARTLAND FINCL (HTLF): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks that came thru this week's screen: AAN Aaron's HTLF Heartland Financial MATX Matson SKYW SkyWest TLP Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. Click to get this free report TRANSMONTN PTNR (TLP): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Cash, of course, is vital to a company's financial health in order to finance operations, invest in the business, etc.
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Here are 5 stocks that came thru this week's screen: AAN Aaron's HTLF Heartland Financial MATX Matson SKYW SkyWest TLP Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. Click to get this free report TRANSMONTN PTNR (TLP): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. And just like the P/E ratio is calculated by dividing the Price by its Earnings per share -- the Price to Cash Flow ratio is calculated by dividing the Price by its Cash Flow per share.
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Click to get this free report TRANSMONTN PTNR (TLP): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks that came thru this week's screen: AAN Aaron's HTLF Heartland Financial MATX Matson SKYW SkyWest TLP Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. And just like the P/E ratio is calculated by dividing the Price by its Earnings per share -- the Price to Cash Flow ratio is calculated by dividing the Price by its Cash Flow per share.
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Here are 5 stocks that came thru this week's screen: AAN Aaron's HTLF Heartland Financial MATX Matson SKYW SkyWest TLP Transmontaigne Partners Start looking for value stocks in new ways with this week's screen. Click to get this free report TRANSMONTN PTNR (TLP): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report MATSON INC (MATX): Free Stock Analysis Report HEARTLAND FINCL (HTLF): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the average Price to Cash Flow (P/CF) for the stocks in the S&P 500 is 14.06.
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9333.0
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2015-06-15 00:00:00 UTC
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XHB, AAN, TPX, AOS: Large Inflows Detected at ETF
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AAN
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https://www.nasdaq.com/articles/xhb-aan-tpx-aos-large-inflows-detected-etf-2015-06-15
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Homebuilders ETF (Symbol: XHB) where we have detected an approximate $100.3 million dollar inflow -- that's a 6.1% increase week over week in outstanding units (from 45,450,016 to 48,200,016). Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 1.5%, Tempur Sealy International, Inc. (Symbol: TPX) is down about 0.9%, and A.O. Smith Corp (Symbol: AOS) is lower by about 1%. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average:
Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $37.31 as the 52 week high point - that compares with a last trade of $36.44. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 1.5%, Tempur Sealy International, Inc. (Symbol: TPX) is down about 0.9%, and A.O. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $37.31 as the 52 week high point - that compares with a last trade of $36.44. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 1.5%, Tempur Sealy International, Inc. (Symbol: TPX) is down about 0.9%, and A.O. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $37.31 as the 52 week high point - that compares with a last trade of $36.44. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 1.5%, Tempur Sealy International, Inc. (Symbol: TPX) is down about 0.9%, and A.O. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Homebuilders ETF (Symbol: XHB) where we have detected an approximate $100.3 million dollar inflow -- that's a 6.1% increase week over week in outstanding units (from 45,450,016 to 48,200,016). For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $37.31 as the 52 week high point - that compares with a last trade of $36.44.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 1.5%, Tempur Sealy International, Inc. (Symbol: TPX) is down about 0.9%, and A.O. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $37.31 as the 52 week high point - that compares with a last trade of $36.44. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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9334.0
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2015-06-08 00:00:00 UTC
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Conns May Comps Improve as Port Issues Begin to Resolve - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/conns-may-comps-improve-as-port-issues-begin-to-resolve-analyst-blog-2015-06-08
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nan
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nan
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Conns Inc.CONN recently posted its sales data for the month ended May 31, 2015. Total retail sales for May advanced 14.1% year over year to $110.7 million. Comparable store sales (comps) for the same period improved 4%, compared with a 13.4% rise in the year-ago period.
Also, the company reported its 60-plus day delinquency rate as of May 31, 2015 that expanded 70 basis points (bps) year over year and 10 bps sequentially to 8.5%.
Segment-wise, the Furniture and mattress, and Home appliance segments posted comps growth of 6.3% and 10.9%, respectively. On the other hand, comps at the Consumer electronics, Home office and Other segment declined 3.3%, 11.7% and 3.6%, respectively.
Within the Consumer electronics segment, television sales grew 4.6%, driven by greater average selling price, partly offset by lower same store unit sales. The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which, however, was offset by lower average selling prices. On the other hand, both the average selling price and same store unit sales remained flat at the Home office segment.
Also, comparable sales from repair service agreement commissions grew 10.7% for May.
Conns' May comps gained from the resolution of port labor problems, as the company was less impacted by these headwinds in the month in comparison with the year-ago period. Also, inventory levels improved across all categories during the month.
Further, Conns recently decided to discontinue its video game products, digital cameras, and certain tablets, which also impacted its comps. Excluding the effect from the discontinuation of these products, the company's May comps jumped 7%.
Nevertheless, on account of stricter underwriting standards undertaken in fiscal 2015, Conns witnessed lower sales volume during the month, when compared with the year-ago period. This impacted the company's comps by 2%-4% in May.
Apart from posting its May sales data, Conns recently reported first-quarter fiscal 2016 results, wherein its adjusted earnings of 44 cents a share came ahead of the Zacks Consensus Estimate of 42 cents, but plunged 80% year over year.
Consolidated revenue of this Zacks Rank #3 (Hold) company advanced 8.8% year over year to $365.1 million, but fell short of the Zacks Consensus Estimate of $369.5 million. The year-over-year growth in revenue was primarily driven by store openings, partially offset by a 4.3% fall in comps.
Stocks to Consider
Better-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy) and Casey's General Stores Inc. CASY , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
GORDMANS STORES (GMAN): Free Stock Analysis Report
CASEYS GEN STRS (CASY): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Better-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy) and Casey's General Stores Inc. CASY , carrying a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which, however, was offset by lower average selling prices.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy) and Casey's General Stores Inc. CASY , carrying a Zacks Rank #2 (Buy). Within the Consumer electronics segment, television sales grew 4.6%, driven by greater average selling price, partly offset by lower same store unit sales.
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Stocks to Consider Better-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy) and Casey's General Stores Inc. CASY , carrying a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from posting its May sales data, Conns recently reported first-quarter fiscal 2016 results, wherein its adjusted earnings of 44 cents a share came ahead of the Zacks Consensus Estimate of 42 cents, but plunged 80% year over year.
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Stocks to Consider Better-ranked stocks in the retail sector include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN , each with a Zacks Rank #1 (Strong Buy) and Casey's General Stores Inc. CASY , carrying a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Conns Inc.CONN recently posted its sales data for the month ended May 31, 2015.
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9335.0
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2015-06-03 00:00:00 UTC
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Conn's (CONN) Surges on Q1 Earnings Beat; Reiterates View - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/conns-conn-surges-on-q1-earnings-beat-reiterates-view-analyst-blog-2015-06-03
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nan
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nan
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Shares of Conn's Inc.CONN rose 7.1% after the company posted its first-quarter fiscal 2016 results, wherein adjusted earnings of 44 cents a share came ahead of the Zacks Consensus Estimate of 42 cents. However, earnings slumped 80% year over year.
Conn's Inc. - Earnings Surprise | FindTheCompany
Including one-time items, earnings came in at 43 cents, down 44.2% year over year.
Consolidated revenue of this Zacks Rank #3 (Hold) company advanced 8.8% year over year to $365.1 million, though it fell short of the Zacks Consensus Estimate of $369.5 million. The year-over-year growth in revenue was primarily driven by store openings, partly offset by negative comparable store sales (comps).
The company has two operating segments, namely Retail and Credit. The performances of these two segments in the first quarter are discussed below.
Segment Discussion
Conn's offers consumer durable products in the United States under the Retail segment, which includes home appliances, furniture and mattresses, home office as well as consumer electronics. During the first quarter, the company recorded improved revenues across all these sections excluding home office, which was greatly impacted by a fall in unit volumes.
The segment's total revenue increased 7.5% to $298.5 million, backed by the opening of 12 net new stores, partially offset by a 4.3% fall in comps.
Retail gross margin for the quarter contracted 10 basis points (bps) to 41.3%, on account of unleveraged warehousing expenses.
However, adjusted operating income at the segment escalated 9.3% to $43.2 million, mainly backed by reduced store and facility closure and relocation expenses.
Revenues from the company's Credit segment jumped 15.9% to $66.4 million in the quarter, benefitting from higher average receivable portfolio balance outstanding. The customer portfolio balance soared 25.2% year over year to $1.4 billion at quarter end.
Portfolio interest and fee income yield on an annualized basis, contracted 100 bps to 16.6%, due to increased provision for uncollectible interest along with the introduction of new payment programs for select higher credit quality borrowers.
During the quarter, the company's provision for bad debts increased by $25.3 million to $47.5 million. The rise was led by a 26.4% increase in average receivable portfolio balance, a 17.5% increase in balances originated in the quarter, a rise in delinquencies and higher anticipated charge-offs over the next one year as losses are being realized at a greater-than-expected rate.
The increase in provision of bad debts led the operating loss at the Credit segment to expand to $8.5 million.
The company's delinquency rate (percentage of customer portfolio balance over 60 days), rose 40 bps year over year to 8.4% as of Apr 30, 2015. However, it witnessed a sequential decline of 130 bps, gaining from the adoption of tighter underwriting standards.
Further, management stated that its efforts to resolve the less than 60-day delinquency rate have been steady.
Liquidity Position
Borrowings outstanding under Conn's asset-based loan facility as of Apr 30, 2015, were $473.8 million. The company has an immediately available borrowing capacity of $356.3 million. Additionally, the company may avail an additional credit facility of $48.8 million if its inventory and customer receivables increase to a certain level.
The company's cash and cash equivalents stood at nearly $5 million as of Apr 30, 2015, while total shareholders' equity stood at approximately $670 million.
Store Update
Conn's opened three HomePlus stores during the quarter, while closing two, taking its total store count to 91 as of Apr 30, 2015.
The company expects to open 15-18 stores, and shutter two in fiscal 2016.
Other Announcements & Conclusion
The board of directors of Conn's had authorized its management to properly explore, analyze and look for ways to improve shareholder value in Oct 2014. These actions could include the complete sale of business, slowing down the pace of store openings, or segregation of the company's Retail and Credit segments.
After considering various options including the aforementioned ones, management stated that it has been granted the authorization for selling all or part of its loan portfolio, or refinancing the same. However, nothing has been finalized as yet and the company may or may not pursue this action.
Also, Conn's is still in the process of looking for personnel to fill its additional senior leadership positions.
Further, on account of disappointing sales and product margins along with greater charge-offs from video game products, digital cameras and certain tablets in fiscal 2015, the company decided to discontinue the sale of these products from fiscal 2016.
Guidance
Following these announcements and the current scenario, the company reiterated its fiscal 2016 guidance. The company continues to envision comps in the range of flat to up low-single digits. Retail gross margin for the fiscal is expected in the band of 40%-41%.
For the second quarter of fiscal 2016, Conn's anticipates percentage of bad debt charge-offs (net of recoveries) to average outstanding balance in the range of 11.5%-12.0%. Interest income and fee yield are expected to be in the range of 16.5%-17.0% in the second quarter.
Stocks to Consider
Better-ranked stocks in the retail sector include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Casey's General Stores, Inc. CASY and Ross Stores Inc. ROST , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
CASEYS GEN STRS (CASY): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Better-ranked stocks in the retail sector include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Casey's General Stores, Inc. CASY and Ross Stores Inc. ROST , each carrying a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. During the first quarter, the company recorded improved revenues across all these sections excluding home office, which was greatly impacted by a fall in unit volumes.
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Stocks to Consider Better-ranked stocks in the retail sector include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Casey's General Stores, Inc. CASY and Ross Stores Inc. ROST , each carrying a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company's delinquency rate (percentage of customer portfolio balance over 60 days), rose 40 bps year over year to 8.4% as of Apr 30, 2015.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the retail sector include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Casey's General Stores, Inc. CASY and Ross Stores Inc. ROST , each carrying a Zacks Rank #2 (Buy). Consolidated revenue of this Zacks Rank #3 (Hold) company advanced 8.8% year over year to $365.1 million, though it fell short of the Zacks Consensus Estimate of $369.5 million.
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Stocks to Consider Better-ranked stocks in the retail sector include Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy), Casey's General Stores, Inc. CASY and Ross Stores Inc. ROST , each carrying a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The segment's total revenue increased 7.5% to $298.5 million, backed by the opening of 12 net new stores, partially offset by a 4.3% fall in comps.
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9336.0
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2015-06-01 00:00:00 UTC
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GameStop Corp. (GME) Rises: Stock Adds 6% in Session - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/gamestop-corp.-gme-rises%3A-stock-adds-6-in-session-tale-of-the-tape-2015-06-01
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GameStop Corp. ( GME ) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $38.54 to $40.92 over the past one-month time frame.
The stock has witnessed three upward estimate revisions in the past 30 days. The Zacks Consensus Estimate, however, has moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
GameStop carries a Zacks Rank #3 (Hold).
A better-ranked stock in the electronics stores industry is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy).
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GAMESTOP CORP (GME): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the electronics stores industry is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. GameStop Corp. ( GME ) was a big mover last session, as the company saw its shares rise more than 6% on the day.
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Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the electronics stores industry is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the electronics stores industry is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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A better-ranked stock in the electronics stores industry is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. The stock has witnessed three upward estimate revisions in the past 30 days.
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9337.0
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2015-06-01 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for June 02, 2015
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-june-02-2015-2015-06-01
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 02, 2015. A cash dividend payment of $0.023 per share is scheduled to be paid on July 02, 2015. Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAN has paid the same dividend. At the current stock price of $35.03, the dividend yield is .26%.
The previous trading day's last sale of AAN was $35.03, representing a -4.64% decrease from the 52 week high of $36.74 and a 50.67% increase over the 52 week low of $23.25.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). AAN's current earnings per share, an indicator of a company's profitability, is $1.23. Zacks Investment Research reports AAN's forecasted earnings growth in 2015 as 26.82%, compared to an industry average of 16.4%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). Zacks Investment Research reports AAN's forecasted earnings growth in 2015 as 26.82%, compared to an industry average of 16.4%.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.23. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 02, 2015.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AAN has paid the same dividend. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Shareholders who purchased AAN prior to the ex-dividend date are eligible for the cash dividend payment. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 02, 2015. This marks the 3rd quarter that AAN has paid the same dividend.
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9338.0
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2015-05-29 00:00:00 UTC
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GameStop Reports Better-than-Expected Q1 Earnings - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/gamestop-reports-better-than-expected-q1-earnings-analyst-blog-2015-05-29
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GameStop Corp 's. GME first-quarter fiscal 2015 earnings per share of 68 cents topped the Zacks Consensus Estimate of 58 cents while rising 15.3% year over year. Higher software sales due to releases of new titles in quarter along with strong sale of downloadable content were the driving factors.
Revenues of $2,060.6 million also beat the Zacks Consensus Estimate of 2,011 million and grew 3.2% year over year. Shares were up 6% in the after-market trading yesterday.
Consolidated comparable-store sales increased 8.6% year over year driven by double digit comps growth across Australia and Canada. Domestic comps were up 9.1% while international comps increased 6.9%.
By sales mix, new video game hardware sales were almost same at $439.7 million owing to tough year-over-year comparisons. On the contrary, new video game software sales grew 9.6% to $613.6 million. Mobile and consumer electronics' sales were up 33.9% to $136.8 million while Video game accessories' sales, too, grew 3.7% to $150.5 million.
Weakness persists in the Pre-owned and value video game products' category as sales fell 3.4% to $582.4 million. Increased in downloadable content for Evolve and Mortal Kombat X was ran down by currency headwinds leading to a 18% dip in digital sales to $46 million. However, on adjusted basis digital reciepts grew 17.2% to $222.2 million.
The Technology Brands segment, reported revenues of $102.2 million up 70%. This segment is expected to sustain its growth momentum, attributable to its collaboration with AT&T, Inc. T and the Apple Inc. AAPL .
During the quarter, gross profit increased 2% to $639 million whereas gross margin shrunk 40 basis points to 31% marred by shift in sales mix. Operating income increased 17% to $123.9 million, whereas operating margin expanded 70 basis points to 6%.
Other Financial Aspects
GameStop ended the quarter with cash and cash equivalents of $369.8 million, net receivables of $99.5 million, long-term debt of $350 million and shareholders' equity of $2,072.7 million.
During the quarter, GameStop bought back $46 million worth of shares and expects $200 million during fiscal 2015.
Guidance
Expecting pronounced currency headwinds and lower software sales, GameStop expects sales growth in second quarter of fiscal 2015 to range from flat to negative 3%. Comps are expected to be flat or grow up to 3%.
Titles in the current quarter Bewitcher 3 and Batman Arkham Knight will face tougher year over year comparisons with Mario Kart 8 and Watchdogs , leading to lower software sales. However, stronger performance in other categories will cushion operating margins in the second quarter.
The company now projects earnings in the range of 21 cents to 25 cents for the quarter. The Zacks Consensus Estimate is pegged at 20 cents. Given extensive buybacks, management has raised the fiscal 2015 earnings guidance to $3.63 to $3.83 per share from earlier projected range of $3.60 to $3.80 per share
GameStop expects to to open 450-550 new Technology Brand stores in the fiscal and expects to full year profits for the segment in the range of 30% to 40%.
At present, GameStop carries a Zacks Rank #3 (Hold). Other better ranked stock in the same sector includes Aaron's, Inc. AAN .
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GAMESTOP CORP (GME): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other better ranked stock in the same sector includes Aaron's, Inc. AAN . Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Weakness persists in the Pre-owned and value video game products' category as sales fell 3.4% to $582.4 million.
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Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Other better ranked stock in the same sector includes Aaron's, Inc. AAN . During the quarter, gross profit increased 2% to $639 million whereas gross margin shrunk 40 basis points to 31% marred by shift in sales mix.
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Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Other better ranked stock in the same sector includes Aaron's, Inc. AAN . Other Financial Aspects GameStop ended the quarter with cash and cash equivalents of $369.8 million, net receivables of $99.5 million, long-term debt of $350 million and shareholders' equity of $2,072.7 million.
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Other better ranked stock in the same sector includes Aaron's, Inc. AAN . Click to get this free report GAMESTOP CORP (GME): Free Stock Analysis Report AT&T INC (T): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, GameStop bought back $46 million worth of shares and expects $200 million during fiscal 2015.
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9339.0
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2015-05-29 00:00:00 UTC
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Tech Data Corp. (TECD) in Focus, Stock Jumps 5.3% - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/tech-data-corp.-tecd-in-focus-stock-jumps-5.3-tale-of-the-tape-2015-05-29
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Tech Data Corp. ( TECD ) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside came after the company announced first-quarter 2015 results, wherein it beat on both earnings and revenue. The news led to far more shares changing hands than in a normal session resulting in solid volume. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $56.37to $62.82 in the past one-month time frame.
None of the estimates for this wholesale computers stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Tech Data currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the retail/wholesale sector is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TECH DATA CORP (TECD): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the retail/wholesale sector is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report TECH DATA CORP (TECD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Tech Data Corp. ( TECD ) was a big mover last session, as the company saw its shares rise over 5% on the day.
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Click to get this free report TECH DATA CORP (TECD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the retail/wholesale sector is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report TECH DATA CORP (TECD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the retail/wholesale sector is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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A better-ranked stock in the retail/wholesale sector is Aaron's, Inc. ( AAN ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report TECH DATA CORP (TECD): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. None of the estimates for this wholesale computers stock were revised over the past 30 days.
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9340.0
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2015-05-21 00:00:00 UTC
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Best Buy (BBY) Q1 Earnings Top Estimates, Shares Rally - Analyst Blog
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https://www.nasdaq.com/articles/best-buy-bby-q1-earnings-top-estimates-shares-rally-analyst-blog-2015-05-21
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Shares of Best Buy Company, Inc . BBY are trading up 9% after the company reported better-than-expected first-quarter fiscal 2016 results. Adjusted earnings from continuing operations of 37 cents per share came miles ahead of the Zacks Consensus Estimate of 29 cents and the year-ago quarter figure of 35 cents.
Best Buy Company Inc. - Earnings Surprise | FindTheCompany
Driven by robust domestic business, revenues of $8,558 million beat the Zacks Consensus Estimate of $8,518 million. However, on a year-over-year basis, revenues inched down 0.9%.
Comparable-store sales (comps) were up 0.6% compared to a 1.8% fall in the prior-year period.
Further, gross profit grew 3.2% year over year to $2,030 million during the quarter while gross margin expanded 90 basis points (bps) to 23.7%. Adjusted operating profit of $219 million fell 0.9% while operating margin was flat at 2.6%.
Segment Details
Domestic segment revenues grew 1.4% to $7,890 million due to benefits from instalment billing plan and strong performance of credit card portfolio that offset a 0.7% decline in comps.
Comparable-online sales rose 5.3% to $673 million driven by improved traffic and conversion rates.
Growth witnessed in TVs and mobiles more than offset the decline in categories like tablets and computing.
The segment's adjusted gross profit grew 2.6% to $1,808 million during the quarter, while adjusted margin came in at 22.9%, up 20 bps due to favourable product mix and improvement of the credit card portfolio.
International segment revenues dropped 22.1% to $668 million due to brand consolidation and soft performance in Canada along with unfavourable fluctuations in foreign exchange rates.
The segment's adjusted gross profit declined 25.5% to $152 million in the quarter, while margin was down 100 bps to 22.8%. Adjusted operating loss increased to $27 million from loss of $15 million in the year-ago period.
Other Financial Details
Best Buy ended the quarter with cash and cash equivalents of $2,173 million, long-term debt of $1,224 million and total equity of $4,868 million.
Guidance
Best Buy concluded the consolidation of the Future Shop and Best Buy brands in Canada under the Best Buy brand in the first quarter. Going ahead, Best Buy expects the disturbance due to brand consolidation and currency headwinds along with store closures to lead to a 30% to 35% drop in International revenues in the current quarter. Adjusted operating margins for the segment are estimated to be in the range of -3.5% to -5%.
Nevertheless, domestic business remains sturdy and the company expects revenues to remain flat or grow in positive low-single digits. However, ongoing investments will lead to a rise in expenses. Given cumulative effect of these factors, the company expects enterprise revenues in the second quarter of fiscal 2016 to be either flat or fall to the low-single digits with adjusted margins to contract 30 to 50 bps in the quarter.
Zacks Rank
Best Buy carries a Zacks Rank #3 (Hold). Better-ranked stocks in the retail space include Aaron's, Inc. AAN , American Eagle Outfitters, Inc. AEO and ANN INC. ANN . Aaron's and American Eagle sport a Zacks Rank #1 (Strong Buy) while ANN has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days .Click to get this free report >>
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BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
ANN INC (ANN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the retail space include Aaron's, Inc. AAN , American Eagle Outfitters, Inc. AEO and ANN INC. ANN . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report To read this article on Zacks.com click here. International segment revenues dropped 22.1% to $668 million due to brand consolidation and soft performance in Canada along with unfavourable fluctuations in foreign exchange rates.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the retail space include Aaron's, Inc. AAN , American Eagle Outfitters, Inc. AEO and ANN INC. ANN . Best Buy Company Inc. - Earnings Surprise | FindTheCompany Driven by robust domestic business, revenues of $8,558 million beat the Zacks Consensus Estimate of $8,518 million.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the retail space include Aaron's, Inc. AAN , American Eagle Outfitters, Inc. AEO and ANN INC. ANN . Best Buy Company Inc. - Earnings Surprise | FindTheCompany Driven by robust domestic business, revenues of $8,558 million beat the Zacks Consensus Estimate of $8,518 million.
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Better-ranked stocks in the retail space include Aaron's, Inc. AAN , American Eagle Outfitters, Inc. AEO and ANN INC. ANN . Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report To read this article on Zacks.com click here. The segment's adjusted gross profit declined 25.5% to $152 million in the quarter, while margin was down 100 bps to 22.8%.
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9341.0
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2015-05-18 00:00:00 UTC
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hhgregg's Q4 Loss Wider than Expected on Comps Decline - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/hhgreggs-q4-loss-wider-than-expected-on-comps-decline-analyst-blog-2015-05-18
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Appliance and electronics retailer, hhgregg, Inc.HGG again disappointed investors as it reported sluggish quarterly results. The company missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the fourth quarter and fiscal 2015.
hhgregg reported a loss of 47 cents per share in the fourth quarter of 2015 compared with the prior year loss of 17 cents per share, and wider than the Zacks Consensus Estimate of a loss of 24 cents. The loss was primarily due to a decline in sales owing to a drop in comparable store (comp) sales.
Quarter in Detail
hhgregg reported net sales of $485.6 million. Sales lagged the Zacks Consensus Estimate of $516 million by 5.9% and decreased 9.8% year over year due to a decline of 10% in comparable store sales. Comp sales declined in all the categories in the quarter, with the largest decline in the computers and tablet category. The company's e-commerce business is an exception as its comparable sales witnessed an increase of 47% in the fourth quarter.
We note that the comparable store sales decline of 10% in the quarter was wider than a decline of 6.3% in the preceding quarter and 9.9% in the year-ago quarter. This signals that the company needs to increase its rate of progress in this area.
Adjusted gross margin contracted 10 basis points to 28.6% in the quarter as a result of decreases in gross profit margin rates for the appliances and consumer electronics categories, partially offset by a favorable product sales mix shift.
In addition, selling, general and administrative (SG&A) expense ratio increased 240 basis points to 24.7% due to an increase in bank transaction fees, higher occupancy costs, consulting expense and increase in home delivery expenses. Net advertising expense ratio also increased 40 basis points to 6.1% due to the deleveraging effect of the net sales decline. The increase in SG&A expenses and advertising expenses led to an increase in operating losses. Operating loss margin was 4.0%, wider than the loss margin of 1.4% in the last year quarter.
Fiscal 2015 Results
In fiscal 2015, hhgregg reported a loss of $1.33 per share, as against the prior year earnings of 9 cents per share. The loss was wider than the Zacks Consensus Estimate of a loss of $1.1 per share. The weak results were primarily due to a decline in sales owing to a drop in comparable store (comp) sales.
hhgregg reported net sales of $2.129 billion. Sales lagged the Zacks Consensus Estimate of $2.144 billion by 0.7% and decreased 8.9% year over year due to a decline of 9.2% in comparable store sales.
Category Details
The company reports its business under the following product categories:
Appliances: Comparable store sales in this category were down 5% in the quarter with a decline in average selling price and sales volume. Last year, comp sales had increased 0.5%.
Computers and Tablets Category: Same store sales in this category declined significantly by 37.6% in the quarter as against a decline of 22.6% in the last year quarter. The decline was due to a decrease in unit demand for computers and tablets as well as a decrease in average selling prices for computers and tablets and the exit from contract-based mobile phone business in the first quarter of fiscal 2015. We note that industry sales of tablets remained sluggish, while laptop sales within the industry have been relatively flat. Excluding the mobile phone business, the decrease in comparable sales for the three months ended Dec 31, 2014 in the computers and tablets category was 33.4%.
Home Products: Same store sales in this category declined 12.5% in the quarter, wider than 0.4% decline in the prior year quarter. The downside was largely due to the exit from fitness equipment. Lower unit demand also led to the decline, offset slightly by increased average selling prices. Excluding fitness equipment, the decrease in comparable store sales in the category was 2.6%.
Consumer Electronics: Same store sales of this category declined 9.8% in the quarter. The decline was due to a decrease in units sold within the video category, offset slightly by an increase in average selling price. The hike in average selling price was driven by an increase in sales of larger screen and more premium featured televisions. However, the decline was narrower than 18.9% decline recorded in the year-ago quarter.
Share Repurchase Update
During the quarter, hhgregg did not repurchase any shares. In fiscal 2015, the company repurchased 0.8 million shares for $5.3 million under the company's share repurchase program of $40 million, which will expire on May 20, 2015. At the end of Mar 31, the company had approximately $34.7 million worth of shares available for repurchase under the current share repurchase program.
Outlook
The company has not given any guidance for fiscal 2016. However, the company expects to remain focused on expanding its Fine Lines departments within the appliance category, increasing the sale of larger screen 4K TV's, and refine its offerings within other categories. Further, it remains optimistic on its savings and revenue initiatives that might lead to positive adjusted EBITDA in fiscal 2016.
Our Take
Though hhgregg's strategic initiatives have moderated the rate of decline in the consumer electronics business, we believe category sales will likely remain in the red. Moreover, any sort of improvement will take time as the company is under a lot of pressure and facing volatility.
hhgregg holds a Zacks Rank #3 (Hold), while its industry peer Aaron's Inc. AAN sports a Zacks Rank #1 (Strong Buy). Other better-ranked retailers in the broader market include Ingles Market, Inc. IMKTA and The Fresh Market, Inc. TFM . Both of them carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
FRESH MARKET (TFM): Free Stock Analysis Report
INGLES MARKET A (IMKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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hhgregg holds a Zacks Rank #3 (Hold), while its industry peer Aaron's Inc. AAN sports a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report FRESH MARKET (TFM): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the mobile phone business, the decrease in comparable sales for the three months ended Dec 31, 2014 in the computers and tablets category was 33.4%.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report FRESH MARKET (TFM): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. hhgregg holds a Zacks Rank #3 (Hold), while its industry peer Aaron's Inc. AAN sports a Zacks Rank #1 (Strong Buy). The company missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the fourth quarter and fiscal 2015. hhgregg reported a loss of 47 cents per share in the fourth quarter of 2015 compared with the prior year loss of 17 cents per share, and wider than the Zacks Consensus Estimate of a loss of 24 cents.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report FRESH MARKET (TFM): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. hhgregg holds a Zacks Rank #3 (Hold), while its industry peer Aaron's Inc. AAN sports a Zacks Rank #1 (Strong Buy). The company missed the Zacks Consensus Estimate for sales and reported wider-than-expected losses in the fourth quarter and fiscal 2015. hhgregg reported a loss of 47 cents per share in the fourth quarter of 2015 compared with the prior year loss of 17 cents per share, and wider than the Zacks Consensus Estimate of a loss of 24 cents.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report FRESH MARKET (TFM): Free Stock Analysis Report INGLES MARKET A (IMKTA): Free Stock Analysis Report To read this article on Zacks.com click here. hhgregg holds a Zacks Rank #3 (Hold), while its industry peer Aaron's Inc. AAN sports a Zacks Rank #1 (Strong Buy). Category Details The company reports its business under the following product categories: Appliances: Comparable store sales in this category were down 5% in the quarter with a decline in average selling price and sales volume.
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2015-05-13 00:00:00 UTC
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Fortune Brands (FBHS) Completes Norcraft Tender Offer - Analyst Blog
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https://www.nasdaq.com/articles/fortune-brands-fbhs-completes-norcraft-tender-offer-analyst-blog-2015-05-13
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Fortune Brands Home & Security Inc.FBHS revealed that it has closed an all-cash tender offer to buy all shares of the kitchen and bathroom cabinetry producer, Norcraft Companies Inc., for about $25.50 per share.
Fortune Brands had agreed to acquire Norcraft on Mar 30, 2015, following which it launched this tender offer on Apr 14. Norcraft will form part of Fortune Brands' cabinet segment post the completion of the deal, complementing the latter well with its solid operational management, robust dealer network and commendable experience.
With its experience, Norcraft is likely to enhance Fortune Brands' growth by expanding its product range and market reach. Also, Norcraft's addition is expected to augment Fortune Brands' earnings in 2016.
On the other hand, Norcraft will leverage Fortune Brands' strong resources and scale of operations. Overall, both the companies complement each other, which will likely drive results and boost shareholder value.
Following the completion of the merger, Norcraft will become an indirect wholly owned subsidiary of Fortune Brands.
Further, Fortune Brands plans to get all Norcraft shares delisted from the New York Stock Exchange. Also, Norcraft will no longer be obligated to report under the Securities Exchange Act of 1934.
Fortune Brands has been keen on achieving growth via strategic acquisitions, given its solid balance sheet which provides it with financial flexibility. As evidence, the company recently acquired Sentry Safe, a leading manufacturer of personal safes. This acquisition is expected to widen the offerings of the company's Master Lock division, while adding to its leading market position and strong consumer base, worldwide.
With these acquisitions, the company aims to drive growth, by uniting the strength of different businesses into one.
Zacks Rank
Fortune Brands currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry include Restoration Hardware Holdings, Inc. RH and Tempur Sealy International Inc. TPX , each carrying a Zacks Rank #2 (Buy). Also, a top-ranked stock in the broader retail sector is Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
TEMPUR SEALY (TPX): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, a top-ranked stock in the broader retail sector is Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TEMPUR SEALY (TPX): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Norcraft will form part of Fortune Brands' cabinet segment post the completion of the deal, complementing the latter well with its solid operational management, robust dealer network and commendable experience.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TEMPUR SEALY (TPX): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Also, a top-ranked stock in the broader retail sector is Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy). Zacks Rank Fortune Brands currently carries a Zacks Rank #3 (Hold).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TEMPUR SEALY (TPX): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Also, a top-ranked stock in the broader retail sector is Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy). Fortune Brands Home & Security Inc.FBHS revealed that it has closed an all-cash tender offer to buy all shares of the kitchen and bathroom cabinetry producer, Norcraft Companies Inc., for about $25.50 per share.
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Also, a top-ranked stock in the broader retail sector is Aaron's, Inc. AAN , with a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report TEMPUR SEALY (TPX): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Fortune Brands Home & Security Inc.FBHS revealed that it has closed an all-cash tender offer to buy all shares of the kitchen and bathroom cabinetry producer, Norcraft Companies Inc., for about $25.50 per share.
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2015-05-11 00:00:00 UTC
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Conns' April Sales Trend Upward; Q1 Comps Decline 4.6% - Analyst Blog
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https://www.nasdaq.com/articles/conns-april-sales-trend-upward-q1-comps-decline-4.6-analyst-blog-2015-05-11
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Shares of Conns Inc.CONN have jumped 7.3% since the company released its sales data for the month and quarter ended Apr 30, 2015.
Total retail sales for April advanced 12% year over year to $96.9 million. Comparable store sales (comps) for the same period inched up 0.3%, compared with a 12.9% rise last year.
Also, the company reported its 60-plus day delinquency rate as of Apr 30, 2015 that expanded 40 basis points (bps) year over year, while contracting 30 bps sequentially to 8.4% during April.
Segment-wise, the Consumer electronic and Home appliance segments posted comps growth of 5.9% and 1.6%, respectively, in April. On the other hand, comps at the Home office and Other segment slumped 16% and 22%, respectively. Furniture and mattress comps remained flat year over year.
Consumer electronic comps were fuelled by strength in the television category, which witnessed a 10.1% jump in comps, driven by greater average selling price. This was partly offset by lower same store unit sales.
The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which was, however, offset by lower average selling prices. On the contrary, the higher average selling price could only partially eliminate the impact of lower same store unit sales at the Home office segment.
Moving to the first quarter of fiscal 2016, Conns' total retail sales ascended 6.6% to $296 million, though comps for the quarter declined 4.6%.
Segment-wise, first-quarter comps for the Furniture and mattress, Consumer electronic, Home office and Other segment decreased 5.5%, 2.6%, 15.5% and 28.1%, respectively. At the Home appliance segment, comps inched up 0.8% year over year.
Finally, the comparable sales from repair service agreement commissions grew 8.6% and 1.3%, for April and the first quarter of fiscal 2016, respectively.
Overall, Conns' comps for the month of April and the first quarter were adversely impacted by stricter underwriting along with lingering port labor disruptions at the West Coast, leading to supply chain issues. However, toward the end of April, comps started trending upward, backed by the resolution of the labor disruptions, leading to enhanced inventories.
Going forward, management expects further improvement in its inventory status and consequently anticipates lesser impact of labor headwinds on May sales.
Conns currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the retail space include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN and The Kroger Co. KR , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
KROGER CO (KR): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
GORDMANS STORES (GMAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the retail space include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN and The Kroger Co. KR , each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which was, however, offset by lower average selling prices.
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Better-ranked stocks in the retail space include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN and The Kroger Co. KR , each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which was, however, offset by lower average selling prices.
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Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the retail space include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN and The Kroger Co. KR , each sporting a Zacks Rank #1 (Strong Buy). The Furniture and mattress, and Home appliance segments witnessed a rise in same store unit sales, which was, however, offset by lower average selling prices.
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Better-ranked stocks in the retail space include Aaron's Inc. AAN , Gordmans Stores Inc. GMAN and The Kroger Co. KR , each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GORDMANS STORES (GMAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the company reported its 60-plus day delinquency rate as of Apr 30, 2015 that expanded 40 basis points (bps) year over year, while contracting 30 bps sequentially to 8.4% during April.
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2015-05-05 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Visa, McDonald's, SuperCom, China Southern Airlines and Aaron's - Press Releases
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-visa-mcdonalds-supercom-china-southern-airlines-and
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For Immediate Release
Chicago, IL - May 05, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Visa Inc. ( V ), McDonald's Corp. ( MCD ), SuperCom Ltd. (SPCB ), China Southern Airlines Co. Ltd. (ZNH ) and Aaron's, Inc. ( AAN ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Monday's Analyst Blog:
3 Best-Performing Stocks in April
Markets rebounded in April, following heavy losses in March. Despite mixed to disappointing domestic economic data, benchmarks managed to close in the green. Stocks were boosted by strong earnings numbers and deal news. Stimulus measures implemented by China also helped the indexes while oil prices recovered. Weak GDP numbers meant that Fed officials could not provide clear indications about the timing of a rate hike.
April's Performance
For the month, the S&P 500, the Dow and the Nasdaq gained 0.9%, 0.4% and 0.8%, respectively. Benchmarks ended in the green for the month following China's stimulus measures, prospects of Visa Inc. ( V ) gaining access to China and McDonald's Corp.'s ( MCD ) turnaround plans.
Meanwhile, positive earnings results added to the bullish sentiment. Additionally, new deals boosted investor confidence. Separately, the European Central Bank's decision to keep interest rates unchanged while continuing with its asset purchasing program was welcomed by investors.
On the other hand, Fed officials gave no clear guidance on the timing of interest rate hike, which did little to boost investor sentiment. They also remain uncertain as to when the economic growth will gain momentum due to lack of firm evidence.
Oil Prices Surge
Oil prices experienced their highest monthly gain in six years during April. Prices began the month on a low note. During the second week of the month, oil prices moved north, banking on strong German economic data and uncertainty over Iranian nuclear deal. Expectations on Iran taking longer time to increase oil exports and anticipation that rise in U.S. crude inventories is slowing down also boosted oil prices.
The upward movement continued during the third week. Dismal Chinese trade data raised hopes of stimulus measures in China, which in turn boosted oil prices. Oil prices also gained after the U.S. Energy Information Administration (EIA) forecasted U.S. shale production will decline in May, its first monthly decline in four years.
Additionally, U.S. commercial crude oil inventories increased less than expected for the week ending Apr 10. Turmoil in Yemen also contributed to price gains as it is expected to put a lot of pressure on supply levels.
Domestic crude oil price touched its highest level for this year during the fourth week. Oil prices moved north after Saudi Arabia and its allies bombed military bases in Yemen raising concerns about Middle East oil supplies. On the last day of the month, crude inventories experienced a weekly decline. This was caused by expectations that the production glut in the U.S. will begin to reduce.
Disappointing GDP Data
According to the "advance" estimate, first quarter GDP increased at an annual rate of 0.2%. This was less than the consensus estimate of an increase by 1%. This rise in first quarter GDP was also less than the fourth quarter's growth in real GDP by 2.2%.
Growth was hampered by harsh winter weather, cheaper oil prices, stronger dollar and disruptions in Western Coast ports. Meanwhile, real personal consumption expenditure, which accounts for almost two-third of the U.S. economy, increased 1.9% in the first quarter. This however was significantly less than the 4.4% increase in the fourth quarter. However, federal government spending expanded at 0.3%, which compared favorably to a 7.3% fall in the fourth quarter.
Labor Market Slackens
The U.S. economy created a total of 126,000 jobs in March, less than the consensus estimate of 247,000. Job additions fell below 200,000, bringing an end to the unbroken run of 12 such successive monthly gains. Additionally, data for both January and February was revised downward, which means that 69,000 less jobs were added during these months taken together.
As a result, hiring in the first quarter declined to an average of 197,000, compared to job additions of 289,000 in the fourth quarter. Additionally, labor force participation rate touched a 37-year low of 62.7%.
Private sector job additions were weaker than expected in March. The national employment report from ADP showed 189,000 private jobs were added in March, less than expectations of an increase of 230,000 jobs. March's job additions were also lower than February's revised figure of 214,000
However, hourly pay gained a solid 0.3% in March from prior month and 2.1% from a year earlier. Average hourly earnings have advanced by 7 cents for those employed by the private sector in March.
Separately, the unemployment rate remained at a six and a half year low figure of 5.5% in March. The U-6 rate which includes the unemployed, the underemployed and the discouraged also dropped to 10.9% in March, the first time it has gone below 11% since Aug 2008.
Mixed Domestic Data
Other economic data for the month was largely on the negative side. Manufacturing activity in the U.S. expanded at the slowest pace in March since May 2013. Services data was also disappointing while construction spending, industrial production and consumer confidence declined. Housing starts came in weaker than expected while the lower than expected increase in CPI raised concerns about the timing of a rate hike.
On the positive side, auto sales increased while factory orders in February reversed a six-month declining trend. Retail sales rebounded in March after declining in the previous three months. Leading economic index improved while durable goods jumped in March.
Housing sector data indicated that the recovery was continuing, but a slower pace. New home sales and S&P/Case Shiller home prices data was disappointing in nature. On the other hand, pending home sales and existing home sales added to the bullish sentiment.
Reforms in China
The Markit-HSBC Purchasing Managers' Index showed manufacturing activity in China fell to 49.2 in April, its lowest level in last twelve months. This was among a series of weak economic reports which raised doubts about the country's economic health.
China implemented new market regulatory measures aimed at deterring speculative trading. The Securities Association of China allowed fund managers to lend shares for short selling in order to increase the supply of shares. Types of shares that investors can short sell will be increased from 900 to 1,100. Further, the China Securities Regulatory Commission mentioned that it has levied sanctions to control over-the-counter margin trading.
Additionally, the People's Bank of China said that it will trim its reserve requirement by one percentage point which will free up about $200 billion for commercial banks to lend. This is the second time in less than three months that the central bank has decided to reduce its reserve requirements.
European Situation
ECB President Mario Draghi said the central bank's stimulus program is "finally finding its root" through easier credit situations and lower interest rates. ECB kept its record low lending rates unchanged. The apex bank also intends to continue its euro 60 billion monthly bond buying program through Sept 2016. ECB's commitment to revive the Eurozone economy had a positive impact on broader markets.
Meanwhile, German industrial orders, a key measure of demand for goods in the country, increased 0.2% in February compared to a month earlier. German adjusted trade surplus remained more or less steady at 19.6 billion euros in February, with both exports and imports rising 1.5% and 1.8%, respectively, from a month earlier.
However, PMI data from Eurozone turned out to be weaker than expected. Germany's manufacturing PMI fell to 51.9 in April from 52.8 in March. France's manufacturing PMIs too dropped to 48.4 in April from 48.8 last month.
Concerns over Greece defaulting on its heavy debt burden also had a negative impact on benchmarks. Despite sustained efforts, a series of international negotiations with the country's international creditors have failed to secure more aid.
Encouraging Earnings Numbers, Deal News
As of Apr 30, about 276 S&P 500 members had reported first quarter earnings results. Among the 276 members, first quarter earnings improved 9.1% on essentially flat revenues, with 65.8% beating earnings per share estimates and 41.7% coming ahead of top-line expectations.
FOMC Minutes, Policy Statement
Early in the month, New York Fed President William Dudley said the timing of hiking rates "will be data dependent and remains uncertain because the future evolution of the economy cannot be fully anticipated."
Minutes from the Federal Open Market Committee's (FOMC) meeting on Mar 17-18 stated officials were divided on the timing of raising interest rates. The minutes also showed Fed officials believed an increase in core price inflation or wage inflation isn't required for hiking federal funds rate. Improvement in labor markets, stabilization of energy prices and leveling out of the value of the dollar will be more than enough for them to consider raising interest rates.
The Federal Open Market Committee's two-day policy meeting concluded near the end of the month. However, Fed officials remained uncertain as to when the economic growth will gain momentum due to lack of firm evidence. They gave no clear guidance on the timing of interest rate hike, which eventually did little to boost investor sentiment.
3 Star Performers for April
I ran a screen on Research Wizard for companies with the following parameters:
( Click here to sign up for a free trial to the Research Wizard today ):
Percentage price change over the last 4 weeks (as of Apr 30) greater than or equal to 20%
Forward price-to-earnings Ratio (P/E) for the current financial year (F1) less than or equal to 20. This picks out stocks that are good value choices
Expected earnings growth for the current financial year greater than or equal to 20%
Zacks Rank less than or equal to 2: This ascertains stocks that have shown above-average returns over the last 26 years.
(See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
Here are the top 3 stocks among the 7 that made it through this screen:
SuperCom Ltd. (SPCB ) is a provider of radio frequency identification solutions. It offers advanced safety, identification and security products and solutions primarily to Governments, private and public organizations.
Price gain over the last 4 weeks = 35.3%
Expected earnings growth for current year = 49.4%
SuperCom holds a Zacks Rank #2 (Buy). The stock's forward price-to-earnings ratio (P/E) for the current financial year (F1) is 10.22.
China Southern Airlines Co. Ltd. (ZNH ) is one of the leading air transportation enterprises in China. It is one of the largest operators in the sector in terms of passenger volume.
Price gain over the last 4 weeks = 27.1%
China Southern Airlines holds a Zacks Rank #2 (Strong Buy) and its expected earnings growth for the current year is above 100%. It has a P/E (F1) of 7.73x.
Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
Price gain over the last 4 weeks = 25%
Expected earnings growth for current year = 26.8%
Apart from a Zacks Rank #1 (Strong Buy), Aaron's has a P/E (F1) of 16.18x.
Can Stocks Sustain Gains?
Despite a recovery over the month, the outlook for stocks remains uncertain. Weak domestic data and a strong dollar continue to act as a drag on stocks. The initial Q1 GDP numbers have been disappointing. Additionally, the labor market is showing signs of weakness.
The Fed's assessment of the economy has been cautious and there are concerns about economic weaknesses. Most of April's gains are attributable to positive earnings numbers and deal news. China's stimulus measures have also boosted stocks. However, the domestic economy needs to gain momentum in order to improve market fundamentals. Any positive news on this front will help stocks sustain gains in May.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VISA INC-A (V): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
SUPERCOM LTD (SPCB): Free Stock Analysis Report
CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include the Visa Inc. ( V ), McDonald's Corp. ( MCD ), SuperCom Ltd. (SPCB ), China Southern Airlines Co. Ltd. (ZNH ) and Aaron's, Inc. ( AAN ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report VISA INC-A (V): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report SUPERCOM LTD (SPCB): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the Visa Inc. ( V ), McDonald's Corp. ( MCD ), SuperCom Ltd. (SPCB ), China Southern Airlines Co. Ltd. (ZNH ) and Aaron's, Inc. ( AAN ). Click to get this free report VISA INC-A (V): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report SUPERCOM LTD (SPCB): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Click to get this free report VISA INC-A (V): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report SUPERCOM LTD (SPCB): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include the Visa Inc. ( V ), McDonald's Corp. ( MCD ), SuperCom Ltd. (SPCB ), China Southern Airlines Co. Ltd. (ZNH ) and Aaron's, Inc. ( AAN ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories.
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Stocks recently featured in the blog include the Visa Inc. ( V ), McDonald's Corp. ( MCD ), SuperCom Ltd. (SPCB ), China Southern Airlines Co. Ltd. (ZNH ) and Aaron's, Inc. ( AAN ). Aaron's, Inc. ( AAN ) is engaged in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories. Click to get this free report VISA INC-A (V): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report SUPERCOM LTD (SPCB): Free Stock Analysis Report CHINA SOUTH-ADR (ZNH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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2015-05-01 00:00:00 UTC
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Zacks Rank #1 Additions for Friday - Tale of the Tape
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-friday-tale-of-the-tape-2015-05-01
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Aaron's, Inc. ( AAN )
Active Power, Inc. ( ACPW )
Ameresco Inc ( AMRC )
Analog Devices, Inc. ( ADI )
Arlington Asset Investment Corp ( AI )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ACTIVE POWER (ACPW): Free Stock Analysis Report
AMERESCO INC-A (AMRC): Free Stock Analysis Report
ANALOG DEVICES (ADI): Free Stock Analysis Report
ARLINGTON ASSET (AI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Active Power, Inc. ( ACPW ) Ameresco Inc ( AMRC ) Analog Devices, Inc. ( ADI ) Arlington Asset Investment Corp ( AI ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACTIVE POWER (ACPW): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Active Power, Inc. ( ACPW ) Ameresco Inc ( AMRC ) Analog Devices, Inc. ( ADI ) Arlington Asset Investment Corp ( AI ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACTIVE POWER (ACPW): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Active Power, Inc. ( ACPW ) Ameresco Inc ( AMRC ) Analog Devices, Inc. ( ADI ) Arlington Asset Investment Corp ( AI ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACTIVE POWER (ACPW): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Active Power, Inc. ( ACPW ) Ameresco Inc ( AMRC ) Analog Devices, Inc. ( ADI ) Arlington Asset Investment Corp ( AI ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ACTIVE POWER (ACPW): Free Stock Analysis Report AMERESCO INC-A (AMRC): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report ARLINGTON ASSET (AI): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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9346.0
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2015-04-30 00:00:00 UTC
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Aaron's Stock: 3 Reasons Why AAN Is a Top Choice for Value Investors - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/aarons-stock%3A-3-reasons-why-aan-is-a-top-choice-for-value-investors-tale-of-the-tape-2015
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nan
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nan
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Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let's focus on Aaron's, Inc. ( AAN ) as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for AAN's status as a solid value stock below:
Price to Forward Sales for Aaron's
One of the most underrated ratios for value investors is the price/forward sales metric. This ratio shows investors how much they are paying for each dollar of revenues generated. In other words, a lower number is better here while a price to sales ratio of 1 means that you are paying one dollar for each dollar in sales.
With a P/S ratio of 0.78, AAN investors are paying 78 cents in stock price for each dollar of revenue generated by the company. Compare this to the industry average of 0.79, and it is safe to say that AAN is undervalued compared to many of its peers on this important metric.
Forward PE for Aaron's
Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.
Right now, AAN has a forward PE of just 14.54, which means that investors are paying $14.54 for each dollar in expected Aaron's earnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 20.53 in comparison.
AAN Earnings Estimate Revisions Moving in the Right Direction
The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow AAN stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for Aaron's now.
Over the past 30 days 4 earnings estimates have gone higher compared to none lower for the full year, while we are also seeing 4 upward revisions for the next year time frame too. These revisions have helped to boost the consensus estimate as 30 days ago AAN was expected to post earnings of $2.02 per share for the full year though today it looks to have EPS of $2.14 for the full year.
Bottom Line
For the reasons detailed above, investors shouldn't be surprised to read that we have AAN as a stock with a Value Score of 'A' and a Zacks Rank #2 (Buy). So if you are a value investor, definitely keep AAN on your short list as this looks be a stock that is very well-positioned for gains in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts who follow AAN stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for Aaron's now. Bottom Line For the reasons detailed above, investors shouldn't be surprised to read that we have AAN as a stock with a Value Score of 'A' and a Zacks Rank #2 (Buy). This method discovered several great candidates for value-oriented investors, but today let's focus on Aaron's, Inc. ( AAN ) as this stock is looking especially impressive right now.
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Right now, AAN has a forward PE of just 14.54, which means that investors are paying $14.54 for each dollar in expected Aaron's earnings this year. This method discovered several great candidates for value-oriented investors, but today let's focus on Aaron's, Inc. ( AAN ) as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for AAN's status as a solid value stock below: Price to Forward Sales for Aaron's One of the most underrated ratios for value investors is the price/forward sales metric.
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And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for AAN's status as a solid value stock below: Price to Forward Sales for Aaron's One of the most underrated ratios for value investors is the price/forward sales metric. With a P/S ratio of 0.78, AAN investors are paying 78 cents in stock price for each dollar of revenue generated by the company. This method discovered several great candidates for value-oriented investors, but today let's focus on Aaron's, Inc. ( AAN ) as this stock is looking especially impressive right now.
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Right now, AAN has a forward PE of just 14.54, which means that investors are paying $14.54 for each dollar in expected Aaron's earnings this year. This method discovered several great candidates for value-oriented investors, but today let's focus on Aaron's, Inc. ( AAN ) as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for AAN's status as a solid value stock below: Price to Forward Sales for Aaron's One of the most underrated ratios for value investors is the price/forward sales metric.
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9347.0
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2015-04-28 00:00:00 UTC
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Zacks Rank #1 Additions for Tuesday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-tuesday-tale-of-the-tape-2015-04-28
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Aaron's, Inc. ( AAN )
Adeptus Health Inc ( ADPT )
Agile Therapeutics Inc ( AGRX )
American Axle & Manufact. Holdings, Inc. ( AXL )
American Eagle Outfitters ( AEO )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ADEPTUS HEALTH (ADPT): Free Stock Analysis Report
AGILE THERAP (AGRX): Free Stock Analysis Report
AMER AXLE & MFG (AXL): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Adeptus Health Inc ( ADPT ) Agile Therapeutics Inc ( AGRX ) American Axle & Manufact. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ADEPTUS HEALTH (ADPT): Free Stock Analysis Report AGILE THERAP (AGRX): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Holdings, Inc. ( AXL ) American Eagle Outfitters ( AEO ) View the entire Zacks Rank #1 List .
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Adeptus Health Inc ( ADPT ) Agile Therapeutics Inc ( AGRX ) American Axle & Manufact. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ADEPTUS HEALTH (ADPT): Free Stock Analysis Report AGILE THERAP (AGRX): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Holdings, Inc. ( AXL ) American Eagle Outfitters ( AEO ) View the entire Zacks Rank #1 List .
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ADEPTUS HEALTH (ADPT): Free Stock Analysis Report AGILE THERAP (AGRX): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Adeptus Health Inc ( ADPT ) Agile Therapeutics Inc ( AGRX ) American Axle & Manufact.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Aaron's, Inc. ( AAN ) Adeptus Health Inc ( ADPT ) Agile Therapeutics Inc ( AGRX ) American Axle & Manufact. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ADEPTUS HEALTH (ADPT): Free Stock Analysis Report AGILE THERAP (AGRX): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9348.0
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2015-04-28 00:00:00 UTC
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Can the Uptrend Continue for Aaron's (AAN)? - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/can-the-uptrend-continue-for-aarons-aan-tale-of-the-tape-2015-04-28
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nan
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nan
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Investors certainly have to be happy with Aaron's, Inc. ( AAN ) and its short term performance. After all, the stock has jumped by 19.6% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAN?
While we can never know for sure, it is pretty encouraging that estimates for AAN have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors certainly have to be happy with Aaron's, Inc. ( AAN ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAN? While we can never know for sure, it is pretty encouraging that estimates for AAN have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Aaron's, Inc. ( AAN ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAN?
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While we can never know for sure, it is pretty encouraging that estimates for AAN have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Aaron's, Inc. ( AAN ) and its short term performance.
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Investors certainly have to be happy with Aaron's, Inc. ( AAN ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAN? While we can never know for sure, it is pretty encouraging that estimates for AAN have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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9349.0
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2015-04-27 00:00:00 UTC
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Aaron's Surges 11% on Solid Q1 Earnings; Raises 2015 View - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-surges-11-on-solid-q1-earnings-raises-2015-view-analyst-blog-2015-04-27
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nan
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nan
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Shares of Aaron's Inc.AAN surged over 11% on Friday after the company reported outstanding first-quarter 2015 results, on the back of solid contributions from its core business as well as Progressive, and raised its 2015 guidance.
Aaron's adjusted earnings per share of 73 cents for first-quarter 2015 increased 37.7% from the prior-year figure of 53 cents and surpassed the Zacks Consensus Estimate of 54 cents.
Aaron's Inc. - Earnings Surprise | FindTheCompany
Including one-time items, the company reported earnings per share of 68 cents, compared with 53 cents earned in the prior-year quarter.
The company outlined that it has made significant progress with its previously announced strategic initiatives, mainly cost reduction, adopted to strengthen its core business. Further, the company's inventory and pricing initiatives are also on track. These positive aspects restored profitability at its core business during the quarter. Additionally, the company is impressed with Progressive's performance, which continued to report profitable results on the back of solid revenues.
The company's top-line grew 40.4% year over year to $821.8 million, compared with $585.4 million reported in the year-ago quarter. Revenue also surpassed the Zacks Consensus Estimate of $793 million driven by the strong contribution from Progressive which was offset by a decline in revenue at Aaron's core business.
Comparable-store sales (comps) at the company-owned stores fell 3.8% in the quarter. Customer count on a same-store basis at the company-operated stores decreased 4.2%. Comps at the company's franchised stores registered a 3.0% fall owing to a 3.8% decline in customer count.
At quarter-end, the company's self-operated stores had 1.05 million customers, while the franchisees had a customer base of 576,000. This reflected a 3.5% fall in total customer count over the last year. Moreover, Progressive had 453,000 customers on Mar 31, 2015.
Segment Details
Core Business
Within the core business, the company's Sales & Lease Ownership division posted revenues of $552.5 million, down 2.3% from the first quarter of 2014. Further, the HomeSmart division reported revenues of $16.8 million, declining 2.9% from the year-ago comparable quarter.
Progressive
Progressive, acquired in Apr 2014, contributed $251.6 million to revenues in the first quarter driven by a diverse and broadening base. The segment's EBITDA was $28.3 million or 11.3% as a percentage of revenue.
Financial Position
Aaron's cash and investments as of Mar 31, 2015 were at $129.8 million and total shareholder's equity was $1,274.8 million.
Store Update
Aaron's opened one company-operated Sales & Lease Ownership store and four franchised stores. The company also sold nine Aaron's Sales & Lease Ownership stores to a franchisee and shut down five Aaron's Sales & Lease Ownership franchised stores.
As of Mar 31, 2015, Aaron's had a total of 1,235 company-operated Sales & Lease Ownership stores, 788 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores and two franchised HomeSmart stores. At the end of first quarter, the company operated 2,108 stores in total.
Management Guidance
Following a splendid first quarter, Aaron's raised its outlook for 2015 incorporating an increased guidance for Progressive's lease revenues and EBITDA. However, it retained the forecasts for its core business.
For 2015, Aaron's now expects consolidated revenue in the range of $3.10 billion to $3.30 billion, compared with the previous forecast of $3.05 billion to $3.25 billion. Its Core Business revenues for the year is anticipated in the range of $2.05-$2.15 billion, with about $1.55-$1.65 billion from lease revenue. Meanwhile, Progressive is now expected to contribute about $1.05-$1.15 billion to the company's 2015 revenues, versus the previously projected $1.00-$1.10 billion.
The company now expects adjusted EBITDA between $305 million to $335 million compared with the previous guidance of $295 to $325 million. Guidance for EBITDA contribution from its core business is retained at nearly $200-$220 million. However, the company raised its EBITDA forecast for Progressive to $105-$115 million compared with the previous guidance of about $95-$105 million.
Consequently, the company raised its GAAP earnings guidance for 2015 to a range of $1.78 to $1.98 per share versus $1.68 to $1.88 per share guided earlier. Adjusted earnings are now expected to range between $2.01 and $2.21 per share compared with the previous guidance of $1.90 to $2.10 per share.
Other Stocks Worth Considering
Aaron's currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader retail sector include Citi Trends Inc. CTRN , Express Inc. EXPR and American Eagle Outfitters Inc. AEO . While Citi Trends and Express carry a Zacks Rank #1 (Strong Buy), American Eagle holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
EXPRESS INC (EXPR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Aaron's Inc.AAN surged over 11% on Friday after the company reported outstanding first-quarter 2015 results, on the back of solid contributions from its core business as well as Progressive, and raised its 2015 guidance. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report To read this article on Zacks.com click here. The company outlined that it has made significant progress with its previously announced strategic initiatives, mainly cost reduction, adopted to strengthen its core business.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Aaron's Inc.AAN surged over 11% on Friday after the company reported outstanding first-quarter 2015 results, on the back of solid contributions from its core business as well as Progressive, and raised its 2015 guidance. As of Mar 31, 2015, Aaron's had a total of 1,235 company-operated Sales & Lease Ownership stores, 788 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores and two franchised HomeSmart stores.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Aaron's Inc.AAN surged over 11% on Friday after the company reported outstanding first-quarter 2015 results, on the back of solid contributions from its core business as well as Progressive, and raised its 2015 guidance. Segment Details Core Business Within the core business, the company's Sales & Lease Ownership division posted revenues of $552.5 million, down 2.3% from the first quarter of 2014.
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Shares of Aaron's Inc.AAN surged over 11% on Friday after the company reported outstanding first-quarter 2015 results, on the back of solid contributions from its core business as well as Progressive, and raised its 2015 guidance. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report To read this article on Zacks.com click here. This reflected a 3.5% fall in total customer count over the last year.
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9350.0
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2015-04-23 00:00:00 UTC
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Will Aaron's (AAN) Surprise Estimates This Earnings Season? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-aarons-aan-surprise-estimates-this-earnings-season-analyst-blog-2015-04-23
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nan
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nan
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Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report its first-quarter 2015 earnings results on Apr 24. In the last quarter, it posted a positive surprise of 8.3%. Let us see how things are developing for this announcement.
Factors Influencing the Quarter
Following the strong fourth-quarter 2014 results, the company provided a favorable outlook for 2015. Aaron's also stated that it has made significant progress riding on its strategic initiatives, mainly cost reduction, aimed at strengthening its core business.
Overall, the company's strategic plans focus on bringing it back to profitability by stimulating same-store sales growth, building a strong online platform, optimizing cost savings to expand margins, limiting company-operated store growth to 2%-3% per year and encouraging expansion of its franchise store base.
Further, the company's performance appears impressive based on its eCommerce growth and the opportunities from the Progressive acquisition. Therefore, we remain optimistic about the company's performance in this quarter.
Earnings Whispers
Our proven model does not conclusively project Aaron's as likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and Zacks Rank #1 #2 or #3 for this to happen. This is not the case here as you will see below.
Zacks ESP: ESP for Aaron's is 0.00%. This is because the Most Accurate estimate stands at 54 cents per share, which is in line with the Zacks Consensus Estimate.
Zacks Rank: Aaron's Zacks Rank #3 (Hold) when combined with a zero ESP makes surprise prediction difficult. We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks That Warrant a Look
Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat:
American Eagle Outfitters Inc.'s AEO Earnings ESP stands at +18.18% and it carries a Zacks Rank #2 (Buy).
Best Buy Co. Inc. BBY with an Earnings ESP of +3.45% holds a Zacks Rank #3.
Deckers Outdoor Corp.'s DECK Earnings ESP stands at +100.00% and it carries a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
DECKERS OUTDOOR (DECK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report its first-quarter 2015 earnings results on Apr 24. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's also stated that it has made significant progress riding on its strategic initiatives, mainly cost reduction, aimed at strengthening its core business.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report its first-quarter 2015 earnings results on Apr 24. Stocks That Warrant a Look Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat: American Eagle Outfitters Inc.'s AEO Earnings ESP stands at +18.18% and it carries a Zacks Rank #2 (Buy).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report its first-quarter 2015 earnings results on Apr 24. We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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Rent-to-own specialty retailer, Aaron's Inc.AAN , is set to report its first-quarter 2015 earnings results on Apr 24. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report DECKERS OUTDOOR (DECK): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and Zacks Rank #1 #2 or #3 for this to happen.
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9351.0
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2015-04-13 00:00:00 UTC
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YieldBoost AAN From 0.3% To 10.4% Using Options
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AAN
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https://www.nasdaq.com/articles/yieldboost-aan-03-104-using-options-2015-04-13
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nan
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nan
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Shareholders of Aaron's, Inc. (Symbol: AAN) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the November covered call at the $30 strike and collect the premium based on the $1.75 bid, which annualizes to an additional 10.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 10.4% annualized rate in the scenario where the stock is not called away. Any upside above $30 would be lost if the stock rises there and is called away, but AAN shares would have to advance 4.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 11.1% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Aaron's, Inc., looking at the dividend history chart for AAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.3% annualized dividend yield. Below is a chart showing AAN's trailing twelve month trading history, with the $30 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $30 strike gives good reward for the risk of having given away the upside beyond $30. ( Do most options expire worthless? This and six other common options myths debunked ). We calculate the trailing twelve month volatility for Aaron's, Inc. (considering the last 250 trading day closing values as well as today's price of $28.60) to be 27%. For other call options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing AAN's trailing twelve month trading history, with the $30 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $30 strike gives good reward for the risk of having given away the upside beyond $30. Shareholders of Aaron's, Inc. (Symbol: AAN) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the November covered call at the $30 strike and collect the premium based on the $1.75 bid, which annualizes to an additional 10.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 10.4% annualized rate in the scenario where the stock is not called away. Any upside above $30 would be lost if the stock rises there and is called away, but AAN shares would have to advance 4.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 11.1% return from this trading level, in addition to any dividends collected before the stock was called.
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Shareholders of Aaron's, Inc. (Symbol: AAN) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the November covered call at the $30 strike and collect the premium based on the $1.75 bid, which annualizes to an additional 10.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 10.4% annualized rate in the scenario where the stock is not called away. Any upside above $30 would be lost if the stock rises there and is called away, but AAN shares would have to advance 4.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 11.1% return from this trading level, in addition to any dividends collected before the stock was called. Below is a chart showing AAN's trailing twelve month trading history, with the $30 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $30 strike gives good reward for the risk of having given away the upside beyond $30.
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Shareholders of Aaron's, Inc. (Symbol: AAN) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the November covered call at the $30 strike and collect the premium based on the $1.75 bid, which annualizes to an additional 10.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 10.4% annualized rate in the scenario where the stock is not called away. Any upside above $30 would be lost if the stock rises there and is called away, but AAN shares would have to advance 4.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 11.1% return from this trading level, in addition to any dividends collected before the stock was called. Below is a chart showing AAN's trailing twelve month trading history, with the $30 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $30 strike gives good reward for the risk of having given away the upside beyond $30.
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Shareholders of Aaron's, Inc. (Symbol: AAN) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the November covered call at the $30 strike and collect the premium based on the $1.75 bid, which annualizes to an additional 10.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost ), for a total of 10.4% annualized rate in the scenario where the stock is not called away. Below is a chart showing AAN's trailing twelve month trading history, with the $30 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November covered call at the $30 strike gives good reward for the risk of having given away the upside beyond $30. For other call options contract ideas at the various different available expirations, visit the AAN Stock Options page of StockOptionsChannel.com.
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9352.0
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2015-04-05 00:00:00 UTC
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3 Top Stocks to Invest in Growing Income Inequality
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AAN
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https://www.nasdaq.com/articles/3-top-stocks-invest-growing-income-inequality-2015-04-05
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nan
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nan
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There are few issues as polarizing as income inequality, but there's one thing almost everyone can agree on: It's increasing.
Since about 1970, income inequality in the U.S. has risen sharply -- the rich are getting richer and the poor are getting poorer. The top 1% of income-earners now bring home about 20% of pre-tax income in the U.S., up from about 10% in the three decades preceding 1980. Regardless of how you feel about it, investors looking to take advantage of this trend have a variety of firms to choose from. Below are three companies that could benefit from an economic environment dominated by rising income inequality.
Dollar General as a play on the growing number of low-income households
Dollar General is the largest discount chain in the United States, with nearly 12,000 stores in total. Although it isn't purely a dollar store (as its name might imply), its defining characteristic is its low prices. Almost everything it sells retails for $10 or less. More than 75% of its products retail for less than $5, and about a quarter of its merchandise retails for less than $1.
Dollar General obviously faces intense competition, but by offering fewer brands and items, it can price its offerings below competing chains , making it a key destination for low-income households, which it defines as its core customer demographic.
Dollar General has been a terrific performer since it entered the public markets in late 2009, outperforming the S&P 500 handily. If income inequality continues to increase, Dollar General could continue to reward its shareholders.
Dollar General vs. S&P 500 performance, data by YCharts
Sotheby's benefits from the market for luxury goods
Sotheby's sits on the opposite side of the spectrum. The auction house specializes in the sale of fine artwork and jewelry -- a class of goods for which demand is derived almost entirely from the wealthiest members of society -- collecting commissions on the items it sells. Like Dollar General, Sotheby's has been a tremendous performer. Since the market bottomed in March, 2009, Sotheby's shares have rallied more than 500%.
This rally has drawn the ire of famed short-seller Jim Chanos, who pointed out last year that moves in Sotheby's stock have often coincided with periods of economic exuberance. Over the last 20 years, shares have surged to all-time highs in the midst of the dot-com and real estate bubbles. Still, if you believe current economic trends will continue, buying shares of Sotheby's may not be a bad investment.
BID Total Return Price , data by YCharts
Aaron's provides furniture, electronics, and appliances to the cash-strapped
Aaron's , like Dollar General, should benefit if the number of low-income households in the U.S. continues to increase. But rather than offering low-cost consumables and household goods, Aaron's specializes in making high-cost items more affordable.
Employing a rent-to-own business model, Aaron's offers cash-strapped consumers a way to get new furniture, electronics, and appliances. Rather than pay for them upfront, consumers pay Aaron's in smaller monthly installments. The interest rate on these payments is often absurdly high (a $400 PlayStation 4 can cost upwards of $1300 when purchased this way), making Aaron's model attractive only to the most desperate of consumers. But with income inequality on the rise, that may be good for investors.
AAN Total Return Price data by YCharts
Somewhat surprisingly, Aaron's has actually been a poor performer since the economic downturn, under-performing the broader market. But it's done better than its larger competitor, Rent-A-Center , and if income inequality continues to increase, more low-income consumers could turn to Aaron's for their appliance needs.
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The article 3 Top Stocks to Invest in Growing Income Inequality originally appeared on Fool.com.
Sam Mattera has no position in any stocks mentioned. The Motley Fool recommends Sotheby's. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAN Total Return Price data by YCharts Somewhat surprisingly, Aaron's has actually been a poor performer since the economic downturn, under-performing the broader market. The auction house specializes in the sale of fine artwork and jewelry -- a class of goods for which demand is derived almost entirely from the wealthiest members of society -- collecting commissions on the items it sells. This rally has drawn the ire of famed short-seller Jim Chanos, who pointed out last year that moves in Sotheby's stock have often coincided with periods of economic exuberance.
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AAN Total Return Price data by YCharts Somewhat surprisingly, Aaron's has actually been a poor performer since the economic downturn, under-performing the broader market. Dollar General vs. S&P 500 performance, data by YCharts Sotheby's benefits from the market for luxury goods Sotheby's sits on the opposite side of the spectrum. BID Total Return Price , data by YCharts Aaron's provides furniture, electronics, and appliances to the cash-strapped Aaron's , like Dollar General, should benefit if the number of low-income households in the U.S. continues to increase.
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AAN Total Return Price data by YCharts Somewhat surprisingly, Aaron's has actually been a poor performer since the economic downturn, under-performing the broader market. Dollar General as a play on the growing number of low-income households Dollar General is the largest discount chain in the United States, with nearly 12,000 stores in total. Dollar General vs. S&P 500 performance, data by YCharts Sotheby's benefits from the market for luxury goods Sotheby's sits on the opposite side of the spectrum.
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AAN Total Return Price data by YCharts Somewhat surprisingly, Aaron's has actually been a poor performer since the economic downturn, under-performing the broader market. BID Total Return Price , data by YCharts Aaron's provides furniture, electronics, and appliances to the cash-strapped Aaron's , like Dollar General, should benefit if the number of low-income households in the U.S. continues to increase. But with income inequality on the rise, that may be good for investors.
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9353.0
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2015-03-31 00:00:00 UTC
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Aaron's Breaks Above 200-Day Moving Average - Bullish for AAN
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AAN
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https://www.nasdaq.com/articles/aarons-breaks-above-200-day-moving-average-bullish-aan-2015-03-31
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nan
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nan
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.41, changing hands as high as $28.58 per share. Aaron's, Inc. shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of AAN shares, versus its 200 day moving average:
Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $28.57.
According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 1% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.41, changing hands as high as $28.58 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $28.57. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 1% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.41, changing hands as high as $28.58 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $28.57. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 1% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.41, changing hands as high as $28.58 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $28.57. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 1% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.41, changing hands as high as $28.58 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $28.57. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 1% on the day Tuesday.
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9354.0
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2015-03-03 00:00:00 UTC
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Best Buy (BBY) Beats on Q4 Earnings, Resumes Share Buyback - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/best-buy-bby-beats-on-q4-earnings-resumes-share-buyback-analyst-blog-2015-03-03
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nan
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nan
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Best Buy Company, Inc.BBY reported fourth-quarter fiscal 2015 adjusted earnings from continuing operations of $1.48 per share that came miles ahead of both the Zacks Consensus Estimate of $1.36 and the year-ago quarter figure of $1.20. The company concluded the sale of its Five Star business in China and marked it as discontinued.
Best Buy Company Inc. - Earnings Surprise | FindTheCompany
Another highlight was the company's announcement of resuming share buybacks. The company, under its current $5 billion share repurchase program, expects to buyback $1 billion worth of shares over the next three years. Also, it announced that it will hike in its quarterly dividend by 21% to 23 cents per share and will be giving out 51 cents per share as a special one-time dividend. Shares were up 2.9% in the pre-market trading .
Back to results, including one-time items and discontinued operations, the company reported quarterly earnings of $1.46 per share, up from 83 cents per share reported in the prior-year quarter.
However, total revenue grew 1.3% to $14,209 million but failed to meet the Zacks Consensus Estimate of $14,413 million. Progress made under the Renew Blue Program and better product drivers like mobile phones and large screen televisions led to year-over-year revenue growth. However, lower sale of tablets and weakness in the sector were major concerns.
Comparable-store sales (comps) were up 2% compared with a 1.3% fall in the prior-year period.
Under the Renew Blue Program, Best Buy achieved an additional $55 million cost savings, taking the total annualized cost savings to $1.02 billion. Under the phase two of the plan, which commences in fiscal 2016, the company intends to improve annualized operating income by $400 million over the next three years.
Further, gross profit grew 7% year over year to $3,026 million during the quarter while gross margin expanded 110 basis points (bps) to 21.3%. Operating profit of $810 million grew 79% while operating margin increased 250 bps to 5.7%. On an adjusted basis, operating margin grew 130 bps to 5.8%.
Segment Details
Domestic segment revenues grew 3.2% to $12,697 million due to a 2% (excluding billing installment) increase in comps.
Comparable-online sales rose 9.7% to $1.7 2 billion driven by improved traffic, increased average order value, and availability of better inventory due to the company's ship-from-store and online distribution center expansion.
Growth witnessed in computing, TVs and mobiles more than offset the decline in categories like tablets and services.
The segment's adjusted gross profit grew 9.9% to $2,698 million during the quarter, while adjusted margin came in at 21.2%, up 120 bps due to cost cutting and supply chain efficiency.
International segment revenues dropped 12.4% to $1,512 million due to the closure of big box stores in Canada in the prior year, a decline of 4% in comps (mainly in Canada) and unfavorable fluctuations in foreign exchange rates.
The segment's gross profit declined 12.3% to $328 million in the quarter, while margin was unchanged at 21.7%.
Other Financial Details
This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. AAN , hhgregg, Inc. HGG and Conns Inc. CONN , ended the quarter with cash and cash equivalents of $2,432 million, long-term debt of $1,580 million and total equity of $5,000 million.
Guidance
Best Buy stated that its sales in the quarter were driven by excitement surrounding the launch of new products, such as iPhone 6, hence, it is unlikely that the momentum will sustain for long. Moreover, ongoing incremental investments and challenges presented by the sector are likely to spell trouble for the retailer. As a result, the company expects comps for the first and second quarters of fiscal 2016 to range from flat to negative low-single digits and adjusted operating margins to be hurt by 30-50 basis points.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. AAN , hhgregg, Inc. HGG and Conns Inc. CONN , ended the quarter with cash and cash equivalents of $2,432 million, long-term debt of $1,580 million and total equity of $5,000 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Company, Inc.BBY reported fourth-quarter fiscal 2015 adjusted earnings from continuing operations of $1.48 per share that came miles ahead of both the Zacks Consensus Estimate of $1.36 and the year-ago quarter figure of $1.20.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. AAN , hhgregg, Inc. HGG and Conns Inc. CONN , ended the quarter with cash and cash equivalents of $2,432 million, long-term debt of $1,580 million and total equity of $5,000 million. Back to results, including one-time items and discontinued operations, the company reported quarterly earnings of $1.46 per share, up from 83 cents per share reported in the prior-year quarter.
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Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. AAN , hhgregg, Inc. HGG and Conns Inc. CONN , ended the quarter with cash and cash equivalents of $2,432 million, long-term debt of $1,580 million and total equity of $5,000 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Back to results, including one-time items and discontinued operations, the company reported quarterly earnings of $1.46 per share, up from 83 cents per share reported in the prior-year quarter.
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Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. AAN , hhgregg, Inc. HGG and Conns Inc. CONN , ended the quarter with cash and cash equivalents of $2,432 million, long-term debt of $1,580 million and total equity of $5,000 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Company, Inc.BBY reported fourth-quarter fiscal 2015 adjusted earnings from continuing operations of $1.48 per share that came miles ahead of both the Zacks Consensus Estimate of $1.36 and the year-ago quarter figure of $1.20.
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9355.0
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2015-03-03 00:00:00 UTC
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Aaron's Breaks Below 200-Day Moving Average - Notable for AAN
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AAN
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https://www.nasdaq.com/articles/aarons-breaks-below-200-day-moving-average-notable-aan-2015-03-03
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nan
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nan
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $28.91, changing hands as low as $28.82 per share. Aaron's, Inc. shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of AAN shares, versus its 200 day moving average:
Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.16.
According to the ETF Finder at ETF Channel, AAN makes up 2.98% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 1.1% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $28.91, changing hands as low as $28.82 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.16. According to the ETF Finder at ETF Channel, AAN makes up 2.98% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 1.1% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $28.91, changing hands as low as $28.82 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.16. According to the ETF Finder at ETF Channel, AAN makes up 2.98% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 1.1% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $28.91, changing hands as low as $28.82 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.16. According to the ETF Finder at ETF Channel, AAN makes up 2.98% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 1.1% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $28.91, changing hands as low as $28.82 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.16. According to the ETF Finder at ETF Channel, AAN makes up 2.98% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 1.1% on the day Tuesday.
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9356.0
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2015-02-11 00:00:00 UTC
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Apogee Enterprises Buffs Cutting Edge Of Glass Sector
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AAN
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https://www.nasdaq.com/articles/apogee-enterprises-buffs-cutting-edge-glass-sector-2015-02-11
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nan
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nan
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D uring the 30-plus years that he spent at other jobs before becoming CEO of Apogee Enterprises, Joe Puishys learned a lot of important lessons, including the value of reducing your company's exposure to macro trends.
That lesson comes in especially handy atApogee ( APOG ), which designs, develops and sells glass products, services and systems. The company operates in four segments: Architectural Glass, Architectural Framing Systems, Architectural Services and Large-Scale Optical (LSO) Technologies.
The first three of those segments are exposed to highly cyclical end markets such as commercial construction. The other, LSO Technologies, makes glass and acrylic products for the much less cyclical custom picture framing market.
Commercial construction markets in the U.S. have done pretty well over the past few quarters.
That's good news for Apogee's architectural segments, whose products and services include the glass used in a building's windows and outer skin, or curtain wall; the aluminum frames for a building's curtain wall, storefront and entrance systems; and the design, engineering and fabrication of most of the metal systems that Apogee installs.
"Last year we had a lot of help from the end markets for commercial construction," Puishys told IBD. "Our end markets grew about 10% in 2014. We expect similar numbers for 2015 and also expect continued tailwinds in commercial construction over the next three years."
Diversified Business
But Apogee doesn't want to rely solely on favorable macro trends to attain its growth targets, says Puishys, who previously served as president of a couple of differentHoneywell International ( HON ) divisions.
"We were trained at Honeywell not to be constrained by macro trends, so we spread our risk factors around," he said. "When I came to Apogee (in August 2011), I felt we should not be too dependent on commercial construction for our growth."
To help reduce its dependency on U.S. commercial construction markets, and to diversify its business, Apogee has put a big focus on new product development, new end markets and new geographies.
"You really need a three-year horizon of products to add to your portfolio to be competitive," Puishys said.
Apogee measures its success at introducing new products through a vitality index, or VI. The VI tells you the percentage of revenue that your business is generating from products released during the previous three years.
"In the consumer electronics business, you might want a VI of 100% -- all of your revenue should come from products introduced in the last three years," Puishys said. "But in most of our businesses, something in the 20% to 25% range is appropriate."
Each of Apogee's businesses now has a VI target to reach. In some cases the target might be less than 10%, while in others it might be in the mid-20% range.
New product ideas cover a range of applications. They include stronger glass systems to meet hurricane-resistance standards as well as new technologies that can make a glass exterior darker when the bright sun hits and lighter when the sun fades away.
"The development process comes from many factors -- from our customers, from our customers' architects, from looking at competitors to find holes in our current portfolio," Puishys said. "You have to keep your eyes and ears open."
Planning Ahead
Apogee also works hard to establish a large backlog of future business. During its fiscal 2015 third quarter, which ended in November, the company had a backlog of $493.9 million. That was up 65% from the prior year and 3% sequentially.
In a research note after the Q3 earnings report, analyst Brent Thielman of D.A. Davidson said that Apogee's visibility extends beyond just its current backlog.
The company also "works closely with architects/building owners for proposed projects years out," Thielman noted. "This provides a unique view into the prospective project pipeline."
In terms of new end markets, Apogee has already diversified its business with its LSO Technologies segment. This segment sells different types of picture-frame products -- including anti-reflective glass and glass with ultraviolet (UV) protection -- to retailers of arts, crafts, hobby supplies and other goods.
Apogee is the exclusive supplier to major chains such asMichaels ( MIK ),Aaron's ( AAN ), Hobby Lobby and Jo-Ann Fabric and Craft Stores.
Although the LSO Technologies segment contributes only about 10% of overall revenue, the business is "very profitable," Puishys said, with operating margins in the upper 20% range.
"And it's less cyclical than the architectural businesses," he said. "It is a good fit for us."
On the architectural side of the business, Apogee eyes more revenue in the retrofit market, Puishys says. This is where older buildings are renovated with new glass systems rather than being torn down altogether.
The company also looks at ways to diversify its architectural segment into broader end markets, Puishys said, "whether it's the finishes we put in the metal or the anti-reflective technology used in the picture-frame industry. We have a lot of potential to take some of our current technology to other spaces."
Finally, Apogee looks to broaden its geographic reach, both in the U.S. and internationally.
In the U.S. -- where about 85% of the firm's revenue comes from -- it has room to grow on the East Coast, Puishys says. Internationally, the company's near-term plan is to grow its market share in South America, where it has an operation in Brazil.
"It's a very diverse and fragmented market with a lot of growth potential," Puishys said.
Financially, Apogee is in the midst of its strongest run in years, with four straight quarters of 42%-or-better EPS growth and 18%-or-better revenue growth. Analysts polled by Thomson Reuters expect the company to post a 59% year-over-year gain in Q4 earnings and a 13% rise in revenue.
"Robust bidding and quoting levels are expected to result in sequential improvement in backlog in Q4," analyst Thielman noted. "This would mark the fifth consecutive quarter of sequential backlog growth."
Apogee has an IBD Composite Rating of 98. It is part of IBD's Building-Construction Products/Miscellaneous group, which ranks No. 18 out of 197 industries that IBD tracks. Other leaders in the group areCaesarstone ( CSTE ) -- a countertop maker featured in The New America on Feb. 9 -- andHeadwaters (HW).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apogee is the exclusive supplier to major chains such asMichaels ( MIK ),Aaron's ( AAN ), Hobby Lobby and Jo-Ann Fabric and Craft Stores. D uring the 30-plus years that he spent at other jobs before becoming CEO of Apogee Enterprises, Joe Puishys learned a lot of important lessons, including the value of reducing your company's exposure to macro trends. Diversified Business But Apogee doesn't want to rely solely on favorable macro trends to attain its growth targets, says Puishys, who previously served as president of a couple of differentHoneywell International ( HON ) divisions.
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Apogee is the exclusive supplier to major chains such asMichaels ( MIK ),Aaron's ( AAN ), Hobby Lobby and Jo-Ann Fabric and Craft Stores. That lesson comes in especially handy atApogee ( APOG ), which designs, develops and sells glass products, services and systems. The company operates in four segments: Architectural Glass, Architectural Framing Systems, Architectural Services and Large-Scale Optical (LSO) Technologies.
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Apogee is the exclusive supplier to major chains such asMichaels ( MIK ),Aaron's ( AAN ), Hobby Lobby and Jo-Ann Fabric and Craft Stores. That's good news for Apogee's architectural segments, whose products and services include the glass used in a building's windows and outer skin, or curtain wall; the aluminum frames for a building's curtain wall, storefront and entrance systems; and the design, engineering and fabrication of most of the metal systems that Apogee installs. To help reduce its dependency on U.S. commercial construction markets, and to diversify its business, Apogee has put a big focus on new product development, new end markets and new geographies.
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Apogee is the exclusive supplier to major chains such asMichaels ( MIK ),Aaron's ( AAN ), Hobby Lobby and Jo-Ann Fabric and Craft Stores. "Last year we had a lot of help from the end markets for commercial construction," Puishys told IBD. This segment sells different types of picture-frame products -- including anti-reflective glass and glass with ultraviolet (UV) protection -- to retailers of arts, crafts, hobby supplies and other goods.
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9357.0
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2015-02-09 00:00:00 UTC
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Aaron's Rises on Q4 Earnings Beat, Initiates 2015 View - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-rises-on-q4-earnings-beat-initiates-2015-view-analyst-blog-2015-02-09
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nan
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nan
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Aaron's Inc. ( AAN ) adjusted earnings per share of 39 cents for fourth-quarter 2014, increased 30% from the prior-year figure of 30 cents and surpassed the Zacks Consensus Estimate of 36 cents. Following the better-than-expected results, shares of Aaron's grew 3.1% on Friday.
Aaron's Inc. - Earnings Surprise | FindTheBest
Including one-time items, the company reported earnings per share of 30 cents, flat with the prior-year quarter.
The company outlined that it has made significant progress on the back of its strategic initiatives to strengthen its core business, mainly cost reduction. Further, the company is impressed with the Progressive acquisition, which led to better-than-expected performance aided by volume growth at both new and existing retail stores.
The company's top-line grew 37% year over year to $759.7 million, compared with $553.9 million reported in the year-ago quarter. Revenue also surpassed the Zacks Consensus Estimate of $739 million, driven by the strong contribution from Progressive, offset by a decline in revenue at Aaron's core business.
Comparable-store sales (comps) at the company-owned stores fell 2.8% in the quarter. Customer count on a same-store basis at the company-operated stores decreased 4.6%. Comps at the company's franchised stores registered a 2.9% fall owing to a 5.2% decline in customer count.
At quarter-end, the company's self-operated stores had 1.08 million customers, while the franchisees had a customer base of 581,000.
Segment Details
Core Business
Within the core business, the company's Sales & Lease Ownership division posted revenues of $522.6 million, down 2% from the fourth quarter of 2013. Further, the HomeSmart division reported revenues of $15.5 million, increasing 2% from the year-ago comparable quarter.
Progressive
Progressive, which was acquired in Apr 2014, contributed $220.8 million to revenues in the fourth quarter. The segment's pre-tax profits for the quarter totaled $3.2 million, while adjusted EBITDA was $17.9 million.
Full-Year 2014 Synopsis
For 2014, the company's adjusted earnings came in at $1.69 per share, down 9.1% from 2013 but ahead of the Zacks Consensus Estimate of $1.66. Revenues for the year rose 22% to $2,725.2 million and surpassed the Zacks Consensus Estimate of $2,705 million.
Financial Position
Aaron's cash and investments as of Dec 31, 2014 were at $29.8 million and total shareholder's equity was $1,223.5 million.
In the first quarter of 2015, Aaron's bought back 1 million shares, marking the completion of its previously announced accelerated share repurchase program. Currently, the company has an authorization to buy back another 10.5 million shares.
Store Update
Aaron's opened six company-operated Sales & Lease Ownership stores, four franchised stores and one HomeSmart store in the quarter. The company also acquired five Aaron's Sales & Lease Ownership franchised stores and sold one store to a franchisee. Furthermore, Aaron's shut down one of its company-operated Sales & Lease Ownership stores and three Aaron's Sales & Lease Ownership franchised stores during the quarter.
Moreover, the company has awarded area development agreements to open five additional franchised stores in the fourth quarter, making for about 28 of such franchised store opening agreements awarded in 2014. As of Dec 31, 2014, the company has area development agreements in place for the opening of nearly 138 franchised stores over the next several years.
As of Dec 31, 2014, Aaron's had a total of 1,234 company-operated Sales & Lease Ownership stores, 780 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores and two franchised HomeSmart stores. At 2014-end, the company operated 2,108 stores in total.
Management Guidance
After closing 2014 on a strong note, Aaron's initiated its outlook for 2015. Further, given the company's ongoing efforts to strengthen its core business, integrate and expand Progressive and its goal to transform Aaron's into an omni-channel lease provider, it declared that it will henceforth provide only annual guidance and update the same when necessary.
For 2015, Aaron's expects revenue in the range of $3.05 billion to $3.25 billion, which excludes revenues of franchisees. Its Core Business revenue for the year is anticipated in the range of $2.05-$2.15 billion, with about $1.55-$1.65 billion from lease revenue. Meanwhile, Progressive is expected to contribute about $1.00-$1.10 billion to the company's 2015 revenue.
The company anticipates same-store revenue for its core business to witness an improving trend throughout 2015. Hence, it forecasts same-store revenues to decline in the range of 1% to 4% quarterly in 2015.
The company expects adjusted EBITDA between $295 and $325 million, with nearly $200-$220 million contributed by its core business and about $95-$105 million by Progressive.
Consequently, the company projects GAAP earnings in the range of $1.68 to $1.88 per share for 2015, while adjusted earnings are anticipated to range between $1.90 and $2.10 per share. Moreover, the company expects effective tax rate in the range of 36-38%.
For 2015, the company expects to incur nearly $55-$75 million as capital expenditures. Further, the company plans to open 10 new company-operated stores and 15 to 20 franchised stores in 2015. It also plans to consolidate about 50 underperforming stores during the year.
Other Stocks Worth Considering
Aaron's currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader retail sector include Bebe Stores, Inc. ( BEBE ), Stage Stores Inc. ( SSI ) and Pacific Sunwear of California Inc. ( PSUN ), all carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BEBE STORES INC (BEBE): Free Stock Analysis Report
PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report
STAGE STORES (SSI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc. ( AAN ) adjusted earnings per share of 39 cents for fourth-quarter 2014, increased 30% from the prior-year figure of 30 cents and surpassed the Zacks Consensus Estimate of 36 cents. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report STAGE STORES (SSI): Free Stock Analysis Report To read this article on Zacks.com click here. The company outlined that it has made significant progress on the back of its strategic initiatives to strengthen its core business, mainly cost reduction.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report STAGE STORES (SSI): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) adjusted earnings per share of 39 cents for fourth-quarter 2014, increased 30% from the prior-year figure of 30 cents and surpassed the Zacks Consensus Estimate of 36 cents. Store Update Aaron's opened six company-operated Sales & Lease Ownership stores, four franchised stores and one HomeSmart store in the quarter.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report STAGE STORES (SSI): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) adjusted earnings per share of 39 cents for fourth-quarter 2014, increased 30% from the prior-year figure of 30 cents and surpassed the Zacks Consensus Estimate of 36 cents. Store Update Aaron's opened six company-operated Sales & Lease Ownership stores, four franchised stores and one HomeSmart store in the quarter.
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Aaron's Inc. ( AAN ) adjusted earnings per share of 39 cents for fourth-quarter 2014, increased 30% from the prior-year figure of 30 cents and surpassed the Zacks Consensus Estimate of 36 cents. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEBE STORES INC (BEBE): Free Stock Analysis Report PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report STAGE STORES (SSI): Free Stock Analysis Report To read this article on Zacks.com click here. Revenue also surpassed the Zacks Consensus Estimate of $739 million, driven by the strong contribution from Progressive, offset by a decline in revenue at Aaron's core business.
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9358.0
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2015-02-06 00:00:00 UTC
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EWJ, MVV: Big ETF Outflows
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AAN
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https://www.nasdaq.com/articles/ewj-mvv-big-etf-outflows-2015-02-06
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Japan ETF ( EWJ ), where 24,600,000 units were destroyed, or a 2.1% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MidCap400 ( MVV ), which lost 900,000 of its units, representing a 29.3% decline in outstanding units compared to the week prior. Among the largest underlying components of MVV, in morning trading today 3D Systems Corporation ( DDD ) is down about 1.3%, and Aarons ( AAN ) is up by about 1.8%.
VIDEO: EWJ, MVV: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MVV, in morning trading today 3D Systems Corporation ( DDD ) is down about 1.3%, and Aarons ( AAN ) is up by about 1.8%. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MidCap400 ( MVV ), which lost 900,000 of its units, representing a 29.3% decline in outstanding units compared to the week prior. VIDEO: EWJ, MVV: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MVV, in morning trading today 3D Systems Corporation ( DDD ) is down about 1.3%, and Aarons ( AAN ) is up by about 1.8%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Japan ETF ( EWJ ), where 24,600,000 units were destroyed, or a 2.1% decrease week over week. VIDEO: EWJ, MVV: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MVV, in morning trading today 3D Systems Corporation ( DDD ) is down about 1.3%, and Aarons ( AAN ) is up by about 1.8%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Japan ETF ( EWJ ), where 24,600,000 units were destroyed, or a 2.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MidCap400 ( MVV ), which lost 900,000 of its units, representing a 29.3% decline in outstanding units compared to the week prior.
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Among the largest underlying components of MVV, in morning trading today 3D Systems Corporation ( DDD ) is down about 1.3%, and Aarons ( AAN ) is up by about 1.8%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Japan ETF ( EWJ ), where 24,600,000 units were destroyed, or a 2.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MidCap400 ( MVV ), which lost 900,000 of its units, representing a 29.3% decline in outstanding units compared to the week prior.
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9359.0
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2015-02-03 00:00:00 UTC
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Is Aaron's (AAN) Likely to Miss Q4 Earnings Estimates? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/is-aarons-aan-likely-to-miss-q4-earnings-estimates-analyst-blog-2015-02-03
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nan
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nan
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Rent-to-own specialty retailer, Aaron's Inc. ( AAN ), is set to report its fourth-quarter 2014 results on Feb 6. In the last quarter, it posted a positive surprise of nearly 2.6%. Let us see how things are developing for this announcement.
Factors Influencing the Quarter
The company's third-quarter 2014 earnings fell year over year due to troubles at its core business. However, Aaron's outlined that it has made significant progress riding on its strategic initiatives, mainly cost reduction, to strengthen its core business.
Overall, the company's strategic plans focus on bringing it back to profitability by stimulating same-store sales growth, building a strong online platform, optimizing cost savings to expand margins, limiting company-operated store growth to 2%-3% per year and encouraging expansion of its franchise store base.
Further, the company remains impressive based on its eCommerce growth and the opportunities from the Progressive acquisition.
Despite these positive factors, Aaron's has lowered its 2014 guidance, which makes us apprehensive about the company's performance in this quarter.
Earnings Whispers
Our proven model does not conclusively project Aaron's as likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and Zacks Rank #1 #2 or #3 for this to happen. This is not the case here as you will see below.
Zacks ESP: ESP for Aaron's is 0.00%. This is because the Most Accurate estimate stands at 36 cents per share, which is in line with the Zacks Consensus Estimate.
Zacks Rank: Aaron's Zacks Rank #3 (Hold) when combined with a zero ESP makes surprise prediction difficult. We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks that Warrant a Look
Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat:
Ross Stores Inc. ( ROST ) has an Earnings ESP of +2.70% and a Zacks Rank #2 (Buy).
J. C. Penney Company Inc. ( JCP ) has an Earnings ESP of +23.08% and a Zacks Rank #2.
Dollar Tree Inc. ( DLTR ) Earnings ESP stands at +0.88% and it carries a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DOLLAR TREE INC (DLTR): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rent-to-own specialty retailer, Aaron's Inc. ( AAN ), is set to report its fourth-quarter 2014 results on Feb 6. Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. However, Aaron's outlined that it has made significant progress riding on its strategic initiatives, mainly cost reduction, to strengthen its core business.
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Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's Inc. ( AAN ), is set to report its fourth-quarter 2014 results on Feb 6. Stocks that Warrant a Look Here are some other companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat: Ross Stores Inc. ( ROST ) has an Earnings ESP of +2.70% and a Zacks Rank #2 (Buy).
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Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's Inc. ( AAN ), is set to report its fourth-quarter 2014 results on Feb 6. We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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Rent-to-own specialty retailer, Aaron's Inc. ( AAN ), is set to report its fourth-quarter 2014 results on Feb 6. Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and Zacks Rank #1 #2 or #3 for this to happen.
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9360.0
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2015-01-21 00:00:00 UTC
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Aaron's (AAN) Reshuffles Progressive Leasing Management - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-aan-reshuffles-progressive-leasing-management-analyst-blog-2015-01-21
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nan
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nan
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Aaron's, Inc. ( AAN ) declared a host of management changes in its wholly owned subsidiary, Progressive Leasing, in order to take the division forward on its growth trajectory.
Firstly, the company named Ryan Woodley as Progressive's Chief Executive Officer ("CEO"). Woodley assumed this role from Jan 15, 2015. Prior to this, he was serving Progressive as Chief Operating Officer ("COO") and Chief Financial Officer ("CFO") since 2013.
Before joining Aaron's Progressive, Woodley assumed several superior positions at various companies including DigiCert, Polaris Partners, Monitor Group and Google Inc. ( GOOG ). This man, with years of experience, also has to his credit, an MBA from Harvard Business School as well as a Bachelor of Science degree from BYU
In addition, Aaron's promoted Blake Wakefield from his present position as Progressive's Senior Vice President of Sales and Marketing to the subsidiary's President and Chief Revenue Officer. Wakefield has also been with this division for almost 2 years now. However, he has a tangible18 year-long experience in sales and marketing. Prior to this, he mostly worked in the technology sector in companies like Seagate Technologies, among others.
Further, Aaron's named Todd Jeffcoat as Progressive's next CFO, promoting him from the post of Senior Vice President of Finance. Finally, the current Vice President of Operations, Ryan Ray was promoted to the position of Progressive's next COO. Like the other leaders, Jeffcoat and Ray are highly qualified with immense experience in their related fields.
All the aforementioned promotions are likely to support Progressive's growth and help it maintain its strong momentum. This lease-to-own division of Aaron's, acquired in 2014, is now an integral part of the company and helps it to implement its strategy of catering to consumers via various channels.
Aaron's currently carries a Zacks Rank #3 (Hold). Better-ranked retail stocks include Burlington Stores, Inc. ( BURL ) and Restoration Hardware Holdings, Inc. ( RH ), each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
BURLINGTON STRS (BURL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. ( AAN ) declared a host of management changes in its wholly owned subsidiary, Progressive Leasing, in order to take the division forward on its growth trajectory. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Before joining Aaron's Progressive, Woodley assumed several superior positions at various companies including DigiCert, Polaris Partners, Monitor Group and Google Inc. ( GOOG ).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) declared a host of management changes in its wholly owned subsidiary, Progressive Leasing, in order to take the division forward on its growth trajectory. This man, with years of experience, also has to his credit, an MBA from Harvard Business School as well as a Bachelor of Science degree from BYU In addition, Aaron's promoted Blake Wakefield from his present position as Progressive's Senior Vice President of Sales and Marketing to the subsidiary's President and Chief Revenue Officer.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) declared a host of management changes in its wholly owned subsidiary, Progressive Leasing, in order to take the division forward on its growth trajectory. Before joining Aaron's Progressive, Woodley assumed several superior positions at various companies including DigiCert, Polaris Partners, Monitor Group and Google Inc. ( GOOG ).
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Aaron's, Inc. ( AAN ) declared a host of management changes in its wholly owned subsidiary, Progressive Leasing, in order to take the division forward on its growth trajectory. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report To read this article on Zacks.com click here. Firstly, the company named Ryan Woodley as Progressive's Chief Executive Officer ("CEO").
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9361.0
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2015-01-05 00:00:00 UTC
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XLY, UCC: Big ETF Inflows
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AAN
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https://www.nasdaq.com/articles/xly-ucc-big-etf-inflows-2015-01-05
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Consumer Discretionary Select Sector SPDR Fund ( XLY ), which added 24,150,000 units, or a 21.8% increase week over week. Among the largest underlying components of XLY, in morning trading today Comcast Corporation ( CMCSA ) is off about 1.1%, and The Walt Disney Company ( DIS ) is lower by about 1.4%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Ultra Consumer Services ( UCC ), which added 100,000 units, for a 40.0% increase in outstanding units. Among the largest underlying components of UCC, in morning trading today Aarons ( AAN ) is up about 0.1%, and Abercrombie & Fitch Company (ANF) is higher by about 0.3%.
VIDEO: XLY, UCC: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of UCC, in morning trading today Aarons ( AAN ) is up about 0.1%, and Abercrombie & Fitch Company (ANF) is higher by about 0.3%. Among the largest underlying components of XLY, in morning trading today Comcast Corporation ( CMCSA ) is off about 1.1%, and The Walt Disney Company ( DIS ) is lower by about 1.4%. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Ultra Consumer Services ( UCC ), which added 100,000 units, for a 40.0% increase in outstanding units.
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Among the largest underlying components of UCC, in morning trading today Aarons ( AAN ) is up about 0.1%, and Abercrombie & Fitch Company (ANF) is higher by about 0.3%. Among the largest underlying components of XLY, in morning trading today Comcast Corporation ( CMCSA ) is off about 1.1%, and The Walt Disney Company ( DIS ) is lower by about 1.4%. VIDEO: XLY, UCC: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of UCC, in morning trading today Aarons ( AAN ) is up about 0.1%, and Abercrombie & Fitch Company (ANF) is higher by about 0.3%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Consumer Discretionary Select Sector SPDR Fund ( XLY ), which added 24,150,000 units, or a 21.8% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Ultra Consumer Services ( UCC ), which added 100,000 units, for a 40.0% increase in outstanding units.
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Among the largest underlying components of UCC, in morning trading today Aarons ( AAN ) is up about 0.1%, and Abercrombie & Fitch Company (ANF) is higher by about 0.3%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Consumer Discretionary Select Sector SPDR Fund ( XLY ), which added 24,150,000 units, or a 21.8% increase week over week. Among the largest underlying components of XLY, in morning trading today Comcast Corporation ( CMCSA ) is off about 1.1%, and The Walt Disney Company ( DIS ) is lower by about 1.4%.
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9362.0
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2014-12-30 00:00:00 UTC
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XHB, AAN, LL, OC: Large Outflows Detected at ETF
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AAN
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https://www.nasdaq.com/articles/xhb-aan-ll-oc-large-outflows-detected-etf-2014-12-30
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Homebuilders ETF (Symbol: XHB) where we have detected an approximate $88.5 million dollar outflow -- that's a 5.9% decrease week over week (from 44,300,016 to 41,700,016). Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 0.4%, Lumber Liquidators Holdings Inc (Symbol: LL) is up about 0.1%, and Owens Corning (Symbol: OC) is lower by about 0.4%. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average:
Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $34.27 as the 52 week high point - that compares with a last trade of $33.99. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 0.4%, Lumber Liquidators Holdings Inc (Symbol: LL) is up about 0.1%, and Owens Corning (Symbol: OC) is lower by about 0.4%. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $34.27 as the 52 week high point - that compares with a last trade of $33.99. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 0.4%, Lumber Liquidators Holdings Inc (Symbol: LL) is up about 0.1%, and Owens Corning (Symbol: OC) is lower by about 0.4%. For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $34.27 as the 52 week high point - that compares with a last trade of $33.99. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 0.4%, Lumber Liquidators Holdings Inc (Symbol: LL) is up about 0.1%, and Owens Corning (Symbol: OC) is lower by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Homebuilders ETF (Symbol: XHB) where we have detected an approximate $88.5 million dollar outflow -- that's a 5.9% decrease week over week (from 44,300,016 to 41,700,016). For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $34.27 as the 52 week high point - that compares with a last trade of $33.99.
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Among the largest underlying components of XHB, in trading today Aaron's, Inc. (Symbol: AAN) is off about 0.4%, Lumber Liquidators Holdings Inc (Symbol: LL) is up about 0.1%, and Owens Corning (Symbol: OC) is lower by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Homebuilders ETF (Symbol: XHB) where we have detected an approximate $88.5 million dollar outflow -- that's a 5.9% decrease week over week (from 44,300,016 to 41,700,016). For a complete list of holdings, visit the XHB Holdings page » The chart below shows the one year price performance of XHB, versus its 200 day moving average: Looking at the chart above, XHB's low point in its 52 week range is $27.66 per share, with $34.27 as the 52 week high point - that compares with a last trade of $33.99.
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9363.0
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2014-12-22 00:00:00 UTC
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August 2015 Options Now Available For Aaron's (AAN)
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AAN
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https://www.nasdaq.com/articles/august-2015-options-now-available-aarons-aan-2014-12-22
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nan
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nan
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the August 2015 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new August 2015 contracts and identified the following call contract of particular interest.
The call contract at the $29.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of AAN stock at the current price level of $28.64/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $29.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 1.96% if the stock gets called away at the August 2015 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAN shares really soar, which is why looking at the trailing twelve month trading history for Aaron's, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AAN's trailing twelve month trading history, with the $29.00 strike highlighted in red:
Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.70% boost of extra return to the investor, or 1.05% annualized, which we refer to as the YieldBoost .
The implied volatility in the call contract example above is 29%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $28.64) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAN shares really soar, which is why looking at the trailing twelve month trading history for Aaron's, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AAN's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the August 2015 expiration.
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Of course, a lot of upside could potentially be left on the table if AAN shares really soar, which is why looking at the trailing twelve month trading history for Aaron's, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AAN's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the August 2015 expiration.
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Below is a chart showing AAN's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the August 2015 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new August 2015 contracts and identified the following call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new August 2015 contracts and identified the following call contract of particular interest. Below is a chart showing AAN's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the August 2015 expiration.
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9364.0
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2014-12-22 00:00:00 UTC
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AAN Crosses Above Key Moving Average Level
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AAN
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https://www.nasdaq.com/articles/aan-crosses-above-key-moving-average-level-2014-12-22
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nan
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nan
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In trading on Monday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.91, changing hands as high as $29.29 per share. Aaron's, Inc. shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of AAN shares, versus its 200 day moving average:
Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.24.
According to the ETF Finder at ETF Channel, AAN makes up 3.22% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 0.5% on the day Monday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.91, changing hands as high as $29.29 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.24. According to the ETF Finder at ETF Channel, AAN makes up 3.22% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 0.5% on the day Monday.
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In trading on Monday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.91, changing hands as high as $29.29 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.24. According to the ETF Finder at ETF Channel, AAN makes up 3.22% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 0.5% on the day Monday.
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In trading on Monday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.91, changing hands as high as $29.29 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.24. According to the ETF Finder at ETF Channel, AAN makes up 3.22% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 0.5% on the day Monday.
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In trading on Monday, shares of Aaron's, Inc. (Symbol: AAN) crossed above their 200 day moving average of $28.91, changing hands as high as $29.29 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $23.25 per share, with $36.74 as the 52 week high point - that compares with a last trade of $29.24. According to the ETF Finder at ETF Channel, AAN makes up 3.22% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading higher by about 0.5% on the day Monday.
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9365.0
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2014-12-12 00:00:00 UTC
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Bear of the Day: Conn's (CONN) - Bear of the Day
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AAN
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https://www.nasdaq.com/articles/bear-day-conns-conn-bear-day-2014-12-12
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nan
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nan
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When the economy is humming along, extending consumers credit can help keep the wheels oiled up and running. Lending eases up across the economy from mortgages for homes to auto loans to consumer credit. Today's Bear of the Day is a company that had been readily extending consumers credit to buy their products. The problem is, this last quarter they saw a dramatic rise in delinquencies that is hurting their bottom line.
Zacks Rank #5 (Strong Sell) Conn's ( CONN ) is a specialty retailer with 90 retail locations across 11 states. The company sells furniture and related accessories for your entire house, as well as appliances, consumer electronics and home office equipment. Unlike many of its competitors, the company provides flexible in-house credit options for their customers in addition to third-party financing programs and third-party rent-to-own payment plans.
It's the in-house credit facility that helped to drag the stock down so much following the last earnings report. Shares of the stock dropped over 40% after a downright depressing quarterly report coupled with the exit of its Chief Financial Officer. Analysts were looking for 68 cents per share profit out of Q3 2014. Instead what they got was an 8 cents per share loss.
Not only did this destroy the stock price but also it caused two analysts to dramatically cut their earnings estimates for current quarter and next year. The resulting drop in consensus took the current quarter number down to 80 cents versus previous estimates for 92 cents while next year's number dropped from $3.39 per share down to $3.16 per share.
A big reason for the negative number was the rise in delinquencies and higher anticipated charge-offs over the next year. Delinquencies rose 10% last quarter and the company was forced to increase its provision for bad debts to $72 million versus $22.6 million the previous quarter. That nearly $50 million write down is what sunk the ship for Q3. Another negative in the report was same store sales dropping 1% year over year. Not something you want to see from a growth company.
That's the bad news. The good news is gross margins are up year-over-year by 60 basis points. Consolidated revenues for the quarter were up 19% year-over-year as well. Also, the company opened up six new stores during the quarter and has added two stores in November.
Obviously the stock didn't respond too well to the report. The day of the stock dropped over 40%. What's worse is the bleeding hasn't yet stopped. After closing at $20.83 on the news the stock has continued to plummet, reaching a price of $17.07 at yesterday's close. This is the second earnings report in a row where the stock has taken it on the chin. The previous report saw the stock fall from $45 all the way to $31 in a single day.
Investors looking to find a higher ranked stock in the same industry can take a look at Zacks Rank #2 (Buy) Best Buy ( BBY ) or even Zacks Rank #3 (Hold) Aarons ( AAN ) .
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CONNS INC (CONN): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors looking to find a higher ranked stock in the same industry can take a look at Zacks Rank #2 (Buy) Best Buy ( BBY ) or even Zacks Rank #3 (Hold) Aarons ( AAN ) . Click to get this free report CONNS INC (CONN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. The company sells furniture and related accessories for your entire house, as well as appliances, consumer electronics and home office equipment.
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Investors looking to find a higher ranked stock in the same industry can take a look at Zacks Rank #2 (Buy) Best Buy ( BBY ) or even Zacks Rank #3 (Hold) Aarons ( AAN ) . Click to get this free report CONNS INC (CONN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. The resulting drop in consensus took the current quarter number down to 80 cents versus previous estimates for 92 cents while next year's number dropped from $3.39 per share down to $3.16 per share.
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Click to get this free report CONNS INC (CONN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking to find a higher ranked stock in the same industry can take a look at Zacks Rank #2 (Buy) Best Buy ( BBY ) or even Zacks Rank #3 (Hold) Aarons ( AAN ) . The resulting drop in consensus took the current quarter number down to 80 cents versus previous estimates for 92 cents while next year's number dropped from $3.39 per share down to $3.16 per share.
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Investors looking to find a higher ranked stock in the same industry can take a look at Zacks Rank #2 (Buy) Best Buy ( BBY ) or even Zacks Rank #3 (Hold) Aarons ( AAN ) . Click to get this free report CONNS INC (CONN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Today's Bear of the Day is a company that had been readily extending consumers credit to buy their products.
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9366.0
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2014-12-02 00:00:00 UTC
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GameStop Extends Cyber Monday Deals Throughout the Week - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/gamestop-extends-cyber-monday-deals-throughout-the-week-analyst-blog-2014-12-02
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nan
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nan
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Video game retailer, GameStop Corp. ( GME ) has extended some of its Cyber Monday deals for the entire week as according to Jason Allen, vice president of multichannel strategy, such lucrative deals should not be confined to just a day.
GameStop has announced hot deals across both new and pre-owned video games, consoles, accessories, tablets, smartphones and miscellaneous other consumer electronic products. As per the company, extension of the deals through the entire week would allow customers to purchase products at their own convenience either at stores or online.
Some of these deals which are only for Monday include $70 discount on Xbox One Holiday Value Bundle, $50 discount on Xbox 360 500GB Holiday Value Bundle and $20 off on new video game titles for both Xbox 360 and PS3 (available only online).
Other deals valid for whole week include PS3 console for just $199.99, Xbox 360 console for $149.99 (only online), Wii console bundle for $89.99 and Nintendo DS bundle for $69.99. Further, it will provide $50 discount on Nexus 7" tablet. The entire deals catalogue is available on the company's website.
Further, the company's web-in-store service will come in handy for customers. They can place the order online while in the store and have it directly shipped to them without any charges. The company, which competes with Aaron's, Inc. ( AAN ), Conns Inc. ( CONN ), Best Buy Co., Inc. ( BBY ), is leaving no stone unturned to lure game lovers.
Earlier this month, GameStop posted lower-than-expected third-quarter fiscal 2014 results and narrowed its full-year earnings forecast. Management hinted that fall in sales of the prior-generation software on account of transition to next-generation consoles and shift in titles out of 2014 has compelled them to trim the guidance. This has resulted in strong downward estimate revisions over the past 30 days, which is well reflected in GameStop's Zacks Rank# 4 (Sell).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, which competes with Aaron's, Inc. ( AAN ), Conns Inc. ( CONN ), Best Buy Co., Inc. ( BBY ), is leaving no stone unturned to lure game lovers. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. GameStop has announced hot deals across both new and pre-owned video games, consoles, accessories, tablets, smartphones and miscellaneous other consumer electronic products.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company, which competes with Aaron's, Inc. ( AAN ), Conns Inc. ( CONN ), Best Buy Co., Inc. ( BBY ), is leaving no stone unturned to lure game lovers. Some of these deals which are only for Monday include $70 discount on Xbox One Holiday Value Bundle, $50 discount on Xbox 360 500GB Holiday Value Bundle and $20 off on new video game titles for both Xbox 360 and PS3 (available only online).
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company, which competes with Aaron's, Inc. ( AAN ), Conns Inc. ( CONN ), Best Buy Co., Inc. ( BBY ), is leaving no stone unturned to lure game lovers. Some of these deals which are only for Monday include $70 discount on Xbox One Holiday Value Bundle, $50 discount on Xbox 360 500GB Holiday Value Bundle and $20 off on new video game titles for both Xbox 360 and PS3 (available only online).
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company, which competes with Aaron's, Inc. ( AAN ), Conns Inc. ( CONN ), Best Buy Co., Inc. ( BBY ), is leaving no stone unturned to lure game lovers. As per the company, extension of the deals through the entire week would allow customers to purchase products at their own convenience either at stores or online.
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9367.0
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2014-12-01 00:00:00 UTC
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Best Buy's (BBY) Website Crashes on Black Friday - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/best-buys-bby-website-crashes-on-black-friday-analyst-blog-2014-12-01
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nan
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nan
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The much-awaited Black Friday turned out to be tough sledding for Best Buy Co., Inc. ( BBY ) as the company's website blacked out for over an hour. As per the company, an unprecedented increase in mobile traffic caused the crash.
However, the incident did not have much of an impact on the stock. Although share price fell marginally during the day, it closed 1.7% higher at the end of Friday's trading session.Though the website resumed shortly, angry shoppers had already taken to social media to vent their disappointment.
The glitch did come at a critical time, though. As per the National Retail Federation, nearly 44% of Americans shop online during this period. The impact of the outage has not been quantified as Best Buy has not yet divulged any sales details of the Thanksgiving weekend.
For Best Buy, which has embarked on a turnaround in its business, online sales are one of the major growth catalysts. Comparable domestic online sales have maintained average growth of 20% plus in all the trailing four quarters with an increase of 21.6% in the recently concluded third quarter of fiscal 2015. Higher average order value, along with better inventory availability through the company's ship-from-store and online distribution center expansion endeavors facilitated the spurt.
Best Buy's turnaround story is definitely a credible one. The company, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), had reinforced a turnaround strategy called the Renew Blue Transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Under this program the company has reduced over $965 million in costs and remains on target to achieve $1 billion in reductions.
However, the website crash does raise a few doubts. If the company aims to achieve a competitive edge over its rivals including online giant Amazon.com Inc ( AMZN ), it must ensure that its website does not face any similar technical issues especially with Cyber Monday following next.
Best Buy is presently a Zacks Rank #2 (Buy) stock.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BEST BUY (BBY): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), had reinforced a turnaround strategy called the Renew Blue Transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Although share price fell marginally during the day, it closed 1.7% higher at the end of Friday's trading session.Though the website resumed shortly, angry shoppers had already taken to social media to vent their disappointment.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), had reinforced a turnaround strategy called the Renew Blue Transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), had reinforced a turnaround strategy called the Renew Blue Transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), had reinforced a turnaround strategy called the Renew Blue Transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. For Best Buy, which has embarked on a turnaround in its business, online sales are one of the major growth catalysts.
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9368.0
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2014-11-24 00:00:00 UTC
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Ex-Dividend Reminder: Sotheby's, Wyndham Worldwide and Aaron's
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AAN
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https://www.nasdaq.com/articles/ex-dividend-reminder-sothebys-wyndham-worldwide-and-aarons-2014-11-24
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , on 11/26/14, Sotheby's (Symbol: BID), Wyndham Worldwide Corp (Symbol: WYN), and Aaron's, Inc. (Symbol: AAN) will all trade ex-dividend for their respective upcoming dividends. Sotheby's will pay its quarterly dividend of $0.10 on 12/15/14, Wyndham Worldwide Corp will pay its quarterly dividend of $0.35 on 12/16/14, and Aaron's, Inc. will pay its quarterly dividend of $0.023 on 1/2/15. As a percentage of BID's recent stock price of $41.69, this dividend works out to approximately 0.24%, so look for shares of Sotheby's to trade 0.24% lower - all else being equal - when BID shares open for trading on 11/26/14. Similarly, investors should look for WYN to open 0.44% lower in price and for AAN to open 0.08% lower, all else being equal.
Below are dividend history charts for BID, WYN, and AAN, showing historical dividends prior to the most recent ones declared. Sotheby's (Symbol: BID) :
Wyndham Worldwide Corp (Symbol: WYN) :
Aaron's, Inc. (Symbol: AAN) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.96% for Sotheby's, 1.74% for Wyndham Worldwide Corp, and 0.33% for Aaron's, Inc.. In Monday trading, Sotheby's shares are currently off about 0.6%, Wyndham Worldwide Corp shares are up about 1%, and Aaron's, Inc. shares are up about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel , on 11/26/14, Sotheby's (Symbol: BID), Wyndham Worldwide Corp (Symbol: WYN), and Aaron's, Inc. (Symbol: AAN) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for WYN to open 0.44% lower in price and for AAN to open 0.08% lower, all else being equal. Below are dividend history charts for BID, WYN, and AAN, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel , on 11/26/14, Sotheby's (Symbol: BID), Wyndham Worldwide Corp (Symbol: WYN), and Aaron's, Inc. (Symbol: AAN) will all trade ex-dividend for their respective upcoming dividends. Sotheby's (Symbol: BID) : Wyndham Worldwide Corp (Symbol: WYN) : Aaron's, Inc. (Symbol: AAN) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for WYN to open 0.44% lower in price and for AAN to open 0.08% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 11/26/14, Sotheby's (Symbol: BID), Wyndham Worldwide Corp (Symbol: WYN), and Aaron's, Inc. (Symbol: AAN) will all trade ex-dividend for their respective upcoming dividends. Sotheby's (Symbol: BID) : Wyndham Worldwide Corp (Symbol: WYN) : Aaron's, Inc. (Symbol: AAN) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for WYN to open 0.44% lower in price and for AAN to open 0.08% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 11/26/14, Sotheby's (Symbol: BID), Wyndham Worldwide Corp (Symbol: WYN), and Aaron's, Inc. (Symbol: AAN) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for WYN to open 0.44% lower in price and for AAN to open 0.08% lower, all else being equal. Below are dividend history charts for BID, WYN, and AAN, showing historical dividends prior to the most recent ones declared.
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9369.0
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2014-11-20 00:00:00 UTC
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Best Buy Beats on Q3 Earnings and Revenues Estimates - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/best-buy-beats-on-q3-earnings-and-revenues-estimates-analyst-blog-2014-11-20
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nan
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Best Buy Company, Inc. ( BBY ) reported third-quarter fiscal 2015 adjusted earnings from continuing operations of 32 cents per share that came miles ahead of both the Zacks Consensus Estimate of 25 cents and the year-ago quarter figure of 18 cents.
Best Buy Co , Inc - Earnings Surprise | FindTheBest
Including one-time items, the company reported quarterly earnings from continuing operations of 30 cents per share, up from 12 cents per share reported in the prior-year quarter.
Total revenue grew 0.6% to $9,380 million and came ahead of the Zacks Consensus Estimate of $9,095 million. Comparable-store sales (comps) were up 2.2% compared with a 0.3% rise in the prior-year period.
Renew Blue transformation program and strength seen in key product drivers like TVs, gaming, appliances, computers and tablets in the quarter helped Best Buy to post better-than-expected quarterly results. As a result, shares gained 6.6% in the pre-market trading .
Under the program the company has achieved an additional $65 million worth of annualized savings in the quarter taking the total annualized cost reductions to $965 million. At the end of fiscal 2014, the company had raised its target of cost reduction to $1 billion.
However, gross profit slid 1.3% year over year to $2,128 million during the quarter due to competitive pressure and strategic pricing. Gross margin contracted 40 basis points (bps) to 22.7%. Nevertheless, lower selling, general and administrative expenses led to a substantial year over year rise in operating profit that stood at $190 million while operating margin increased 100 bps to 2%. On an adjusted basis, operating margin grew 80 bps to 2.2%.
To combat its dismal financial run, Best Buy had reinforced a turnaround strategy called the Renew Blue transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Though industry trends do not look encouraging, we believe this strategy is helping the retailer to bail it out.
Segment Details
Domestic segment revenues grew 2.3% to $7,992 million due to a 3.2% increase in comps.
Comparable-online sales rose 21.6% driven by improved traffic, increased average order value, and availability of better inventory due to the company's ship-from-store and online distribution center expansion. Domestic online sales were $601 million.
Growth witnessed in computing, TVs, gaming and appliances more than offset the decline in categories like tablets, services and mobile phone.
The segment's adjusted gross profit grew 0.3% to $1,841 million during the quarter, while adjusted margin came in at 23%, down 50 bps due to unfavorable product mix, structural investments and unfavorable impact of new credit card agreement.
International segment revenues dropped 8.4% to $1,388 million due to the closure of big box stores in China and Canada in the prior year, a decline of 3% in comps (mainly China) and unfavorable fluctuations in foreign exchange rates.
The segment's gross profit declined 10.6% to $287 million in the quarter while margin shrunk 50 bps to 20.7%, owing to lower margin product mix (gaming) and increased promotional activities in Canada.
Other Financial Details
This Zacks Rank #1 (Strong Buy) stock, which competes with Aaron's, Inc. ( AAN ), RadioShack Corp. ( RSH ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $1,929 million, long-term debt of $1,591 million and total equity of $4,573 million.
Guidance
Increasing revenue share from lower margin categories, aggressive promotional backdrop and higher incentive compensation are some of the factors that might run down the benefits from Renew Blue, SG&A and other initiatives. As a result management expects revenues and comps to remain almost unchanged year over year in the fourth quarter of fiscal 2015.
However, gross profit margin is expected to rise in the fourth quarter of fiscal 2015. Moreover, in the upcoming quarter, there would be a negative impact of 9-10 cents on earnings due to an adjustment related to tax structure in the first quarter.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Details This Zacks Rank #1 (Strong Buy) stock, which competes with Aaron's, Inc. ( AAN ), RadioShack Corp. ( RSH ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $1,929 million, long-term debt of $1,591 million and total equity of $4,573 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. To combat its dismal financial run, Best Buy had reinforced a turnaround strategy called the Renew Blue transformation program to rein in escalating costs and increase online traffic as well as store conversion rate.
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Other Financial Details This Zacks Rank #1 (Strong Buy) stock, which competes with Aaron's, Inc. ( AAN ), RadioShack Corp. ( RSH ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $1,929 million, long-term debt of $1,591 million and total equity of $4,573 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Company, Inc. ( BBY ) reported third-quarter fiscal 2015 adjusted earnings from continuing operations of 32 cents per share that came miles ahead of both the Zacks Consensus Estimate of 25 cents and the year-ago quarter figure of 18 cents.
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Other Financial Details This Zacks Rank #1 (Strong Buy) stock, which competes with Aaron's, Inc. ( AAN ), RadioShack Corp. ( RSH ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $1,929 million, long-term debt of $1,591 million and total equity of $4,573 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The segment's adjusted gross profit grew 0.3% to $1,841 million during the quarter, while adjusted margin came in at 23%, down 50 bps due to unfavorable product mix, structural investments and unfavorable impact of new credit card agreement.
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Other Financial Details This Zacks Rank #1 (Strong Buy) stock, which competes with Aaron's, Inc. ( AAN ), RadioShack Corp. ( RSH ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $1,929 million, long-term debt of $1,591 million and total equity of $4,573 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Details Domestic segment revenues grew 2.3% to $7,992 million due to a 3.2% increase in comps.
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9370.0
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2014-11-11 00:00:00 UTC
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Robinson to Enhance Aaron's (AAN) RTO Network as CEO - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/robinson-to-enhance-aarons-aan-rto-network-as-ceo-analyst-blog-2014-11-11
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Aaron's, Inc. ( AAN ) recently announced John W. Robinson III as the company's new Chief Executive Officer ("CEO") and an additional member of its Board of Directors. Robinson was serving the company as its Executive Vice President and the CEO of Progressive Leasing.
Robinson's experience in the rent-to-own ("RTO") industry has enabled him to drive the company's success since he joined it in 2012. Under his able leadership, Progressive Leasing achieved outstanding growth and the company's annual revenue, which was $228 million nearly two years back, is anticipated to be roughly $700 million in 2014.
Prior to Robinson, Aaron's had Gil Danielson as interim CEO, who simultaneously worked as Executive Vice President and Chief Financial Officer ("CFO") of the company. After Robinson's appointment as CEO, Danielson will continue assuming the other two roles. His 24 long years of experience as CFO in the company is most likely to take it forward toward achieving its business goals.
Coming back to Robinson, he holds a series of educational and professional degrees, including a Bachelor of Arts degree from Washington & Lee University and an MBA from the Tuck School of Business at Dartmouth College. Further, he has to his credit the designation of a Chartered Financial Analyst.
Before being appointed as Aaron's CEO, Robinson worked at TMX Finance LLC (dba TitleMax), as Chief Operating Officer and President, prior to which he served various companies like Morgan Stanley ( MS ) and Lehman Brothers as an investment banker. In his seven year long tenure at TitleMax, Robinson helped the company's operations to expand from 100 stores to over 750 stores.
Aaron's is focused on providing its customers with a unique RTO experience. The company is already well on track to cater to the changing customer requirements. Under the new CEO's leadership, the company is likely to move ahead with its omni-channel strategies to move closer to its goals, enhance results and boost shareholder returns.
Aaron's currently carries a Zacks Rank #3 (Hold). Better-ranked retail stocks include Best Buy Co., Inc. ( BBY ), carrying a Zacks Rank #1 (Strong Buy) and GameStop Corp. ( GME ), with a Zacks Rank #2 (Buy).
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AARONS INC (AAN): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's, Inc. ( AAN ) recently announced John W. Robinson III as the company's new Chief Executive Officer ("CEO") and an additional member of its Board of Directors. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Prior to Robinson, Aaron's had Gil Danielson as interim CEO, who simultaneously worked as Executive Vice President and Chief Financial Officer ("CFO") of the company.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) recently announced John W. Robinson III as the company's new Chief Executive Officer ("CEO") and an additional member of its Board of Directors. Prior to Robinson, Aaron's had Gil Danielson as interim CEO, who simultaneously worked as Executive Vice President and Chief Financial Officer ("CFO") of the company.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. ( AAN ) recently announced John W. Robinson III as the company's new Chief Executive Officer ("CEO") and an additional member of its Board of Directors. Prior to Robinson, Aaron's had Gil Danielson as interim CEO, who simultaneously worked as Executive Vice President and Chief Financial Officer ("CFO") of the company.
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Aaron's, Inc. ( AAN ) recently announced John W. Robinson III as the company's new Chief Executive Officer ("CEO") and an additional member of its Board of Directors. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report To read this article on Zacks.com click here. Prior to Robinson, Aaron's had Gil Danielson as interim CEO, who simultaneously worked as Executive Vice President and Chief Financial Officer ("CFO") of the company.
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9371.0
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2014-11-06 00:00:00 UTC
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Aaron's Enhances Shareholder Wealth, Ups Dividend by 9.5% - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-enhances-shareholder-wealth-ups-dividend-by-9.5-analyst-blog-2014-11-06
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Leading rent-to-own operator, Aaron's Inc. ( AAN ), yesterday announced a 9.5% increase in its quarterly dividend, as per which the company will now pay a quarterly dividend of 23 cents per share, up from 21 cents per share.
This brings the annual cash dividend of this Zacks Rank #3 (Hold) company to 92 cents per share, compared with 84 cents paid earlier. Considering the closing share price of $25.26 on Nov 5, 2014, the enhanced dividend translates into a dividend yield of 3.6%, considerably higher than the current yield of arch rival, Rent-A-Center Inc. ( RCII ), which stands at 2.9%.
The increased dividend will be paid on Jan 2, 2015 to shareholders of record as of Dec 1, 2014.
This announcement marks Aaron's ninth yearly dividend hike in a row. Prior to this, the company had raised its quarterly dividend rate by 23.5% to 21 cents per share in Nov 2013.
Aaron's has been paying regular quarterly cash dividends since 2000. The company's strategy of paying regular dividends and increasing the same reflects its commitment toward enhancing long-term value for shareholders. It also depicts the company's ability to boost earnings and cash flows in the long run. The company's cash and investments as of Sep 30, 2014 were $32.1 million and total shareholders' equity was $1,201.2 million.
We believe that dividend payments not only enhance shareholder return, but raise the market value of the stock as well. Through dividend payouts, companies bolster investor confidence, persuading them to either buy or hold the script instead of selling it. Looking ahead, Aaron's remains confident of its growth potential, thereby raising hopes for further enhancement of shareholder value through dividend payouts and share buybacks.
Other companies that recently announced a hike in dividend payment include Kimco Realty Corp. ( KIM ) and Kraft Foods Group, Inc. ( KRFT ). Last month, Kimco announced a 6.7% hike in its quarterly cash dividend rate to 24 cents per share from 22.5 cents, while Kraft Foods raised dividend by 5% to 55 cents from 52.5 cents.
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AARONS INC (AAN): Free Stock Analysis Report
RENT-A-CENTER (RCII): Free Stock Analysis Report
KIMCO REALTY CO (KIM): Free Stock Analysis Report
KRAFT FOODS GRP (KRFT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ), yesterday announced a 9.5% increase in its quarterly dividend, as per which the company will now pay a quarterly dividend of 23 cents per share, up from 21 cents per share. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report KRAFT FOODS GRP (KRFT): Free Stock Analysis Report To read this article on Zacks.com click here. The company's strategy of paying regular dividends and increasing the same reflects its commitment toward enhancing long-term value for shareholders.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report KRAFT FOODS GRP (KRFT): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ), yesterday announced a 9.5% increase in its quarterly dividend, as per which the company will now pay a quarterly dividend of 23 cents per share, up from 21 cents per share. Other companies that recently announced a hike in dividend payment include Kimco Realty Corp. ( KIM ) and Kraft Foods Group, Inc. ( KRFT ).
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Leading rent-to-own operator, Aaron's Inc. ( AAN ), yesterday announced a 9.5% increase in its quarterly dividend, as per which the company will now pay a quarterly dividend of 23 cents per share, up from 21 cents per share. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report KRAFT FOODS GRP (KRFT): Free Stock Analysis Report To read this article on Zacks.com click here. Last month, Kimco announced a 6.7% hike in its quarterly cash dividend rate to 24 cents per share from 22.5 cents, while Kraft Foods raised dividend by 5% to 55 cents from 52.5 cents.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ), yesterday announced a 9.5% increase in its quarterly dividend, as per which the company will now pay a quarterly dividend of 23 cents per share, up from 21 cents per share. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report KIMCO REALTY CO (KIM): Free Stock Analysis Report KRAFT FOODS GRP (KRFT): Free Stock Analysis Report To read this article on Zacks.com click here. Prior to this, the company had raised its quarterly dividend rate by 23.5% to 21 cents per share in Nov 2013.
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9372.0
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2014-11-04 00:00:00 UTC
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EWJ, MVV: Big ETF Inflows
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AAN
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https://www.nasdaq.com/articles/ewj-mvv-big-etf-inflows-2014-11-04
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Japan ETF ( EWJ ), which added 22,800,000 units, or a 1.9% increase week over week.
And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra MidCap400 ( MVV ), which added 950,000 units, for a 36.9% increase in outstanding units. Among the largest underlying components of MVV, in morning trading today 3D Systems ( DDD ) is up about 0.2%, and Aarons ( AAN ) is higher by about 0.8%.
VIDEO: EWJ, MVV: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MVV, in morning trading today 3D Systems ( DDD ) is up about 0.2%, and Aarons ( AAN ) is higher by about 0.8%. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra MidCap400 ( MVV ), which added 950,000 units, for a 36.9% increase in outstanding units. VIDEO: EWJ, MVV: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MVV, in morning trading today 3D Systems ( DDD ) is up about 0.2%, and Aarons ( AAN ) is higher by about 0.8%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Japan ETF ( EWJ ), which added 22,800,000 units, or a 1.9% increase week over week. VIDEO: EWJ, MVV: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of MVV, in morning trading today 3D Systems ( DDD ) is up about 0.2%, and Aarons ( AAN ) is higher by about 0.8%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Japan ETF ( EWJ ), which added 22,800,000 units, or a 1.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra MidCap400 ( MVV ), which added 950,000 units, for a 36.9% increase in outstanding units.
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Among the largest underlying components of MVV, in morning trading today 3D Systems ( DDD ) is up about 0.2%, and Aarons ( AAN ) is higher by about 0.8%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Japan ETF ( EWJ ), which added 22,800,000 units, or a 1.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra MidCap400 ( MVV ), which added 950,000 units, for a 36.9% increase in outstanding units.
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9373.0
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2014-10-27 00:00:00 UTC
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Mid-Morning Market Update: Markets Down; Merck Posts Upbeat Earnings
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AAN
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-down-merck-posts-upbeat-earnings-2014-10-27
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nan
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nan
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Following the market opening Monday, the Dow traded down 0.19 percent to 16,773.27 while the NASDAQ tumbled 0.31 percent to 4,469.73. The S&P also fell, dropping 0.35 percent to 1,957.76.
Leading and Lagging Sectors
Non-cyclical consumer goods & services shares fell by just 0.24 percent in today's trading. Top gainers in the sector included Aaron's (NYSE: AAN ), up 2.3 percent, and Omega Protein (NYSE: OME ), up 2.9 percent.
In trading on Monday, energy shares were relative leaders, up on the day by about 2.62 percent. Top losers in the sector included Petróleo Brasileiro S.A. (NYSE: PBR ), down 13.6 percent, and Abraxas Petroleum (NASDAQ: AXAS ), off 9.6 percent.
Top Headline
Merck & Co (NYSE: MRK ) reported better-than-expected earnings for the third quarter and narrowed its forecast for the year.
The Whitehouse Station, New Jersey-based company posted a quarterly profit of $895 million, or $0.31 per share, versus a year-ago profit of $1.12 billion, or $0.38 per share. Excluding certain items, its earnings declined to $0.90 per share from $0.92 per share.
Its revenue slipped 4.3% to $10.56 billion. However, analysts were expecting earnings of $0.88 per share on revenue of $10.64 billion.
Equities Trading UP
NQ Mobile (NYSE: NQ ) shares shot up 9.96 percent to $9.83 after the company filed its SEC Form 20-F,l which showed full compliance and no attempts to delete documents.
Shares of Micron Technology (NASDAQ: MU ) got a boost, shooting up 2.41 percent to $31.81 after the company announced a new $1 billion stock repurchase authorization.
Prosensa Holding N.V. (NASDAQ: RNA ) shares were also up, gaining 1.62 percent to $12.21 on the FDA requirement of additional data from Sarepta on Eteplirsen.
Equities Trading DOWN
Shares of Precision Drilling (NYSE: PDS ) were down 8.47 percent to $8.10. Precision Drilling reported a 79% gain in its third-quarter profit and lifted its quarterly dividend by 17%.
Sarepta Therapeutics (NASDAQ: SRPT ) shares tumbled 32 percent to $16.02 on the FDA requirement of additional data from Sarepta on Eteplirsen.
Huntsman (NYSE: HUN ) was down, falling 3.86 percent to $23.56 despite reporting upbeat earnings for the third quarter. However, the company reported revenue of $2.88 billion, versus estimates of $2.91 billion.
Commodities
In commodity news, oil traded down 1.64 percent to $79.68, while gold traded down 0.15 percent to $1,229.90.
Silver traded down 0.27 percent Monday to $17.14, while copper rose 0.64 percent to $3.06.
Eurozone
European shares were lower today. The eurozone's STOXX 600 slipped 0.93 percent, the Spanish Ibex Index fell 2.14 percent, while Italy's FTSE MIB Index tumbled 2.84 percent. Meanwhile, the German DAX slipped 1.32 percent and the French CAC 40 declined 1.38 percent while UK shares dropped 1.05 percent.
Economics
The Markit services PMI fell to 57.30 in October, versus a prior reading of 58.90. However, economists were expecting a reading of 58.00.
The pending home sales index gained 0.3% to reach 105 in September, versus 104.7 in August.
The Treasury is set to auction 3-and 6-month bills.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top gainers in the sector included Aaron's (NYSE: AAN ), up 2.3 percent, and Omega Protein (NYSE: OME ), up 2.9 percent. Leading and Lagging Sectors Non-cyclical consumer goods & services shares fell by just 0.24 percent in today's trading. Shares of Micron Technology (NASDAQ: MU ) got a boost, shooting up 2.41 percent to $31.81 after the company announced a new $1 billion stock repurchase authorization.
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Top gainers in the sector included Aaron's (NYSE: AAN ), up 2.3 percent, and Omega Protein (NYSE: OME ), up 2.9 percent. Equities Trading UP NQ Mobile (NYSE: NQ ) shares shot up 9.96 percent to $9.83 after the company filed its SEC Form 20-F,l which showed full compliance and no attempts to delete documents. Prosensa Holding N.V. (NASDAQ: RNA ) shares were also up, gaining 1.62 percent to $12.21 on the FDA requirement of additional data from Sarepta on Eteplirsen.
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Top gainers in the sector included Aaron's (NYSE: AAN ), up 2.3 percent, and Omega Protein (NYSE: OME ), up 2.9 percent. Commodities In commodity news, oil traded down 1.64 percent to $79.68, while gold traded down 0.15 percent to $1,229.90. The eurozone's STOXX 600 slipped 0.93 percent, the Spanish Ibex Index fell 2.14 percent, while Italy's FTSE MIB Index tumbled 2.84 percent.
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Top gainers in the sector included Aaron's (NYSE: AAN ), up 2.3 percent, and Omega Protein (NYSE: OME ), up 2.9 percent. Following the market opening Monday, the Dow traded down 0.19 percent to 16,773.27 while the NASDAQ tumbled 0.31 percent to 4,469.73. However, analysts were expecting earnings of $0.88 per share on revenue of $10.64 billion.
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9374.0
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2014-10-27 00:00:00 UTC
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Aaron's Beats Q3 Earnings, Shares Fall on FY14 Outlook Cut - Analyst Blog
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https://www.nasdaq.com/articles/aarons-beats-q3-earnings-shares-fall-on-fy14-outlook-cut-analyst-blog-2014-10-27
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Aaron's Inc. ( AAN ) posted adjusted earnings per share of 39 cents for third-quarter 2014, which came in a penny below the prior-year figure of 40 cents but surpassed the Zacks Consensus Estimate of 38 cents. The decline in bottom line was mainly due to the troubles at its core business, while contributions from Progressive saved the day for Aaron's to some extent.
Aarons, Inc - Earnings Surprise | FindTheBest
Subsequently, the company's share price fell approximately 5.79% in Friday's trading session as the company trimmed its full-year 2014 earnings forecast.
During the quarter, the company recorded pre-tax charges of $9.1 million, related to the retirement of its Chief Executive Officer and Chief Operating Officer, about $6.9 million of restructuring charges for store closures and reorganization of its core business operations and $11.3 million in amortization expense for the Progressive acquisition, offset in part by a $1.2 million decline in previously stated regulatory expense due to the resolution of the regulatory investigation by the California Attorney General into Aaron's leasing, marketing and privacy practices. These charges had a material impact on the company's results.
However, the company outlined that it has made significant progress on its strategic initiatives to strengthen its core business, mainly cost reduction. Further, the company remains impressed with e-commerce growth and the opportunities from the Progressive acquisition.
The company's top-line grew 32% year over year to $707.6 million compared with $537.2 million reported in the year-ago quarter. Revenue also surpassed the Zacks Consensus Estimate of $696 million, driven by the strong contribution from Progressive, offset by a decline in revenue at Aaron's core business.
Comparable-store sales (comps) at the company-owned stores fell 2.8% in the quarter. Customer count on a same store basis at the company-operated stores decreased 3.9%. Comps at the company's franchised stores registered a 2.5% fall owing to a 4.1% decline in customer count.
At the quarter-end, the company's self-operated stores had 1,072,000 customers, while the franchisees had a customer base of 574,000.
Segment Details
Core Business
Within the core business, the company's Sales & Lease Ownership division posted revenues of $501.7 million, down 3% from the third quarter of 2013. Further, the HomeSmart division reported revenues of $15.6 million, increasing 5% from the year-ago comparable quarter.
As announced earlier, the company shut down 44 stores in the third quarter and restructured its home office and field support staff to more closely align with current business conditions. These store closures and support restructuring are expected to lower annualized operating costs by nearly $17 million and $10 million, respectively, in 2015.
Progressive
The recently acquired Progressive segment posted revenue of $189.8 million, contributing meaningfully to the company's overall revenue.
Financial Position
Cash and investments at Aaron's as of Sep 30, 2014 were $32.1 million and total shareholder equity was $1,201.2 million.
Aaron's bought back 1,000,952 shares of its common stock during the nine months of 2014 and completed its previously announced $125 million accelerated share repurchase program. The company revealed that it has an additional authorization of repurchasing 10,496,421 shares.
Store Update
Aaron's opened 9 company-operated Sales & Lease Ownership stores and 6 franchised stores in the quarter. The company also acquired 2 Aaron's Sales & Lease Ownership franchised stores. Furthermore, Aaron's shut down 43 of its company-operated Sales & Lease Ownership stores and 1 HomeSmart store as well as 5 Aaron's Sales & Lease Ownership franchised stores and 1 HomeSmart franchised store, during the quarter.
Moreover, the company has awarded area development agreements to open 6 additional franchised stores in the third quarter, making for about 23 of such franchised store opening agreements awarded so far in 2014. As of Sep 30, 2014, the company has area development agreements in place for the opening of nearly 142 franchised stores over the next several years.
As of Sep 30, 2014, Aaron's had a total of 1,234 company-operated Sales & Lease Ownership stores, 783 franchised Sales & Lease Ownership stores, 82 company-operated HomeSmart stores and 2 franchised HomeSmart stores. At the quarter-end, the company operated 2,101 stores in total.
Management Guidance
Looking ahead, Aaron's has updated its outlook for the fourth quarter and full year. The company's latest earnings guidance for 2014 is lower than what was projected at the end of second-quarter 2014.
For the fourth quarter, the company anticipates revenues of $740.0 million, excluding franchise revenues, but with Progressive's contribution revenues are expected to total at $205 million. The company expects to generate adjusted EBITDA of $57-$62 million, including about $15-$18 million contribution from Progressive in the fourth quarter. GAAP earnings for the quarter are anticipated in the range of 24-29 cents per share, while adjusted earnings are expected to come between 34 and 39 cents per share.
Similarly, for full-year 2014, Aaron's expects revenue to be $2.71 billion and EBITDA in the range of $257-$262 million. Starting from the time it was acquired in Apr 2014, Progressive is expected to contribute about $534 million to the company's fiscal year revenue and about $47-$50 million to adjusted EBITDA.
For 2014, the company's GAAP earnings per share are now expected to be $1.01-$1.06 and adjusted earnings are projected at $1.62-$1.67 per share. Earlier, the company had anticipated GAAP earnings per share of $1.12-$1.22 and adjusted earnings in the range of $1.65-$1.75 per share.
Management remains optimistic of its future potential as it progresses toward reviving its core operations through its strategic plan announced earlier in order to position the company for long-term stability and growth.
The company's strategic plans focus on bringing it back to profitability by stimulating same-store sales growth, building a strong online platform, optimizing cost savings to expand margins, limiting company-operated store growth to 2%-3% per year and encouraging expansion of its franchise store base. As a part of these initiatives, the company recently identified over $50 million in annual cost savings and efficiencies. Additionally, the company targets debt-to-capitalization ratio of 20% and expects to use excess cash to reward shareholders.
Further, the company's cost reduction initiatives remain focused on rigorously evaluating its store base, specific cost reductions across the organization, long-term SG&A cost saving initiatives and better inventory management and analytics to optimize store operation.
Other Stocks Worth Considering
Aaron's currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the consumer electronics industry are Best Buy Co. Inc. ( BBY ) and GameStop Corp. ( GME ), both carrying a Zacks Rank #2 (Buy). Another stock that is worth a look in the retail sector is DSW Inc. ( DSW ), which has a Zacks Rank #1 (Strong Buy).
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc. ( AAN ) posted adjusted earnings per share of 39 cents for third-quarter 2014, which came in a penny below the prior-year figure of 40 cents but surpassed the Zacks Consensus Estimate of 38 cents. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. The decline in bottom line was mainly due to the troubles at its core business, while contributions from Progressive saved the day for Aaron's to some extent.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) posted adjusted earnings per share of 39 cents for third-quarter 2014, which came in a penny below the prior-year figure of 40 cents but surpassed the Zacks Consensus Estimate of 38 cents. Furthermore, Aaron's shut down 43 of its company-operated Sales & Lease Ownership stores and 1 HomeSmart store as well as 5 Aaron's Sales & Lease Ownership franchised stores and 1 HomeSmart franchised store, during the quarter.
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Aaron's Inc. ( AAN ) posted adjusted earnings per share of 39 cents for third-quarter 2014, which came in a penny below the prior-year figure of 40 cents but surpassed the Zacks Consensus Estimate of 38 cents. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, the company recorded pre-tax charges of $9.1 million, related to the retirement of its Chief Executive Officer and Chief Operating Officer, about $6.9 million of restructuring charges for store closures and reorganization of its core business operations and $11.3 million in amortization expense for the Progressive acquisition, offset in part by a $1.2 million decline in previously stated regulatory expense due to the resolution of the regulatory investigation by the California Attorney General into Aaron's leasing, marketing and privacy practices.
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Aaron's Inc. ( AAN ) posted adjusted earnings per share of 39 cents for third-quarter 2014, which came in a penny below the prior-year figure of 40 cents but surpassed the Zacks Consensus Estimate of 38 cents. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report To read this article on Zacks.com click here. Revenue also surpassed the Zacks Consensus Estimate of $696 million, driven by the strong contribution from Progressive, offset by a decline in revenue at Aaron's core business.
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9375.0
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2014-10-19 00:00:00 UTC
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Weekly 3-Year Low Highlights: TNH, ASNA, TDW, AAN
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https://www.nasdaq.com/articles/weekly-3-year-low-highlights-tnh-asna-tdw-aan-2014-10-19
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According to GuruFocus list of 3-year lows ; Terra Nitrogen Co LP, Ascena Retail Group Inc, Tidewater Inc, and Aaron's Inc, have all reached their 3-year lows.
Terra Nitrogen Co LP ( TNH ) Reached $139.00
The prices of Terra Nitrogen Co LP ( TNH ) shares have declined to $139.00, which is 55.6% off the 3-year high of $298.50.
Terra Nitrogen Company, L.P. is a Delaware Limited Partnership that produces and distributes nitrogen fertilizer products. Terra Nitrogen Co LP has a market cap of $2.57 billion; its shares were traded at around $139.00 with a P/E ratio of 10.90 and P/S ratio of 4.01. The dividend yield of Terra Nitrogen Co LP stocks is 7.37%. Terra Nitrogen Co LP had an annual average earnings growth of 31.20% over the past 10 years.
List of 52-Week Lows
List of 3-Year Lows
List of 5-Year Lows
The company has released its second quarter results ended June 30, 2014. For this quarter, Terra Nitrogen reported net earnings of $100.1 million and sales of $167.5 million, which compares to $149.3 million and $215.4 million respectively, last year.
Ascena Retail Group Inc ( ASNA ) Reached $11.93
The prices of Ascena Retail Group Inc ( ASNA ) shares have declined to $11.93, which is 49.7% off the 3-year high of $23.14.
Ascena Retail Group, Inc. is a Delaware corporation. Ascena Retail Group Inc has a market cap of $1.93 billion; its shares were traded at around $11.93 with a P/E ratio of 14.80 and P/S ratio of 0.41. Ascena Retail Group Inc had an annual average earnings growth of 10.70% over the past 10 years. GuruFocus rated Ascena Retail Group Inc the business predictability rank of 4.5-star.
Ascena has recently released its fiscal fourth quarter 2014 results ended July 26, 2014. In this quarter, earnings from continuing operations were $0.10 per diluted share, which compares to $0.23 per share in the same quarter of 2013.
CEO, Tween Brands, Inc. Michael W Rayden sold 15,000 shares of ASNA stock on 10/10/2014 at the average price of $12.24. SVP, General Counsel Gene Wexler, and EVP John J. Sullivan both also sold shares of ASNA stock recently.
Tidewater Inc ( TDW ) Reached $35.92
The prices of Tidewater Inc ( TDW ) shares have declined to $35.92, which is 44.8% off the 3-year high of $63.27.
Tidewater Inc., a Delaware corporation was incorporated in 1956 and conducts its operations through wholly-owned subsidiaries and joint ventures. Tidewater Inc has a market cap of $1.79 billion; its shares were traded at around $35.92 with a P/E ratio of 11.60 and P/S ratio of 1.20. The dividend yield of Tidewater Inc stocks is 2.78%. Tidewater Inc had an annual average earnings growth of 1.10% over the past 10 years.
For its fiscal first quarter of 2015 ended June 30, 2014, Tidewater Inc. announced net earnings of $43.7 million ($0.88 per share), compared to $30.1million ($0.61 per share) in the same period last year. Revenues for the quarter were $385.7 million versus $334.1 million last year.
Aaron's Inc ( AAN ) Reached $24.10
The prices of Aaron's Inc ( AAN ) shares have declined to $24.10, which is 36.4% off the 3-year high of $36.74.
Aaron's, Inc. was established in 1955 by its former Chairman, R. Aaron's Inc has a market cap of $1.74 billion; its shares were traded at around $24.10 with a P/E ratio of 19.60 and P/S ratio of 0.76. The dividend yield of Aaron's Inc stocks is 0.35%. Aaron's Inc had an annual average earnings growth of 10.30% over the past 10 years. GuruFocus rated Aaron's Inc the business predictability rank of 4.5-star.
Aaron's Inc. reported second quarter 2014 revenues of $672.5 million, compared to $550.5 million for the prior year quarter. Net earnings were $8.5 million compared to $25.9 million last year. Diluted EPS were $0.12 compared to $0.34 a year ago.
1 Guru Increased Positions: FPA Capital Fund (Trades, Portfolio) owns 792,696 shares as of 09/30/2014, an increase of 78.33% from the previous quarter.
Go here for the complete list of 3-year lows.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc ( AAN ) Reached $24.10 The prices of Aaron's Inc ( AAN ) shares have declined to $24.10, which is 36.4% off the 3-year high of $36.74. CEO, Tween Brands, Inc. Michael W Rayden sold 15,000 shares of ASNA stock on 10/10/2014 at the average price of $12.24. SVP, General Counsel Gene Wexler, and EVP John J. Sullivan both also sold shares of ASNA stock recently.
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Aaron's Inc ( AAN ) Reached $24.10 The prices of Aaron's Inc ( AAN ) shares have declined to $24.10, which is 36.4% off the 3-year high of $36.74. According to GuruFocus list of 3-year lows ; Terra Nitrogen Co LP, Ascena Retail Group Inc, Tidewater Inc, and Aaron's Inc, have all reached their 3-year lows. Terra Nitrogen Co LP ( TNH ) Reached $139.00 The prices of Terra Nitrogen Co LP ( TNH ) shares have declined to $139.00, which is 55.6% off the 3-year high of $298.50.
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Aaron's Inc ( AAN ) Reached $24.10 The prices of Aaron's Inc ( AAN ) shares have declined to $24.10, which is 36.4% off the 3-year high of $36.74. According to GuruFocus list of 3-year lows ; Terra Nitrogen Co LP, Ascena Retail Group Inc, Tidewater Inc, and Aaron's Inc, have all reached their 3-year lows. For this quarter, Terra Nitrogen reported net earnings of $100.1 million and sales of $167.5 million, which compares to $149.3 million and $215.4 million respectively, last year.
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Aaron's Inc ( AAN ) Reached $24.10 The prices of Aaron's Inc ( AAN ) shares have declined to $24.10, which is 36.4% off the 3-year high of $36.74. According to GuruFocus list of 3-year lows ; Terra Nitrogen Co LP, Ascena Retail Group Inc, Tidewater Inc, and Aaron's Inc, have all reached their 3-year lows. Ascena Retail Group Inc ( ASNA ) Reached $11.93 The prices of Ascena Retail Group Inc ( ASNA ) shares have declined to $11.93, which is 49.7% off the 3-year high of $23.14.
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9376.0
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2014-09-22 00:00:00 UTC
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Interesting AAN Put And Call Options For May 2015
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https://www.nasdaq.com/articles/interesting-aan-put-and-call-options-may-2015-2014-09-22
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the May 2015 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new May 2015 contracts and identified one put and one call contract of particular interest.
The put contract at the $23.00 strike price has a current bid of 75 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $23.00, but will also collect the premium, putting the cost basis of the shares at $22.25 (before broker commissions). To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.27/share today.
Because the $23.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 69%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 3.26% return on the cash commitment, or 5.06% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Aaron's, Inc., and highlighting in green where the $23.00 strike is located relative to that history:
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the May 2015 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new May 2015 contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.27/share today.
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the May 2015 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new May 2015 contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.27/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new May 2015 contracts and identified one put and one call contract of particular interest. Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the May 2015 expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.27/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new May 2015 contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.27/share today. Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the May 2015 expiration.
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9377.0
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2014-08-28 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for August 29, 2014
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-august-29-2014-2014-08-28
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 29, 2014. A cash dividend payment of $0.021 per share is scheduled to be paid on October 01, 2014. Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAN has paid the same dividend. At the current stock price of $25.14, the dividend yield is .33%.
The previous trading day's last sale of AAN was $25.14, representing a -31.56% decrease from the 52 week high of $36.74 and a 1.58% increase over the 52 week low of $24.75.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). AAN's current earnings per share, an indicator of a company's profitability, is $1.23. Zacks Investment Research reports AAN's forecasted earnings growth in 2014 as -9.14%, compared to an industry average of 24.3%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAN through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAN as a top-10 holding:
SPDR Homebuilders ETF ( XHB )
PowerShares Dynamic Retail ( PMR )
First Trust Cons. Discret. AlphaDEX ( FXD )
First Trust Mid Cap Value AlphaDEX Fund ( FNK )
PowerShares Fundamental Pure Small Core Portfolio ( PXSC ).
The top-performing ETF of this group is FXD with an increase of 6.32% over the last 100 days. XHB has the highest percent weighting of AAN at 3.14%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). Zacks Investment Research reports AAN's forecasted earnings growth in 2014 as -9.14%, compared to an industry average of 24.3%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 29, 2014. Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAN Dividend History page. The following ETF(s) have AAN as a top-10 holding: SPDR Homebuilders ETF ( XHB ) PowerShares Dynamic Retail ( PMR ) First Trust Cons.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.23. The following ETF(s) have AAN as a top-10 holding: SPDR Homebuilders ETF ( XHB ) PowerShares Dynamic Retail ( PMR ) First Trust Cons. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 29, 2014.
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2014-08-26 00:00:00 UTC
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Best Buy Beats Q2 Earnings, Revs Miss on Broad Weakness - Analyst Blog
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https://www.nasdaq.com/articles/best-buy-beats-q2-earnings-revs-miss-on-broad-weakness-analyst-blog-2014-08-26
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Best Buy Company, Inc. ( BBY ) reported second-quarter fiscal 2015 adjusted earnings from continuing operations of 44 cents per share that came miles ahead of both the Zacks Consensus Estimate of 31 cents and the year-ago quarter figure of 32 cents per share.
Including one-time items, the company reported quarterly earnings of 42 cents per share, down from earnings of 69 cents per share reported in the prior-year quarter.
Total revenue fell 4% to $8,896 million and fell short of the Zacks Consensus Estimate of $8,968 million. Comparable-store sales (comps) declined 2.7% compared with a fall of 0.6% in the prior-year period.
Weakness in the consumer electronics industry, stiff competition from online giantslike Amazon.com Inc. ( AMZN ) and absence of major product launches has resulted in dwindling sales. As a result, shares lost 3.7% of their value in the pre-market trading .
Further, gross profit slid 16.4% year over year to $2,055 million during the quarter due to weak top-line performance. Gross margin contracted 340 basis points (bps) to 23.1%. However, adjusted operating margin increased 70 bps to 2.9%.
Nevertheless, Best Buy's Renew Blue strategy continues to gain traction as domestic comparable online sales increased over 22% in the quarter driven by the company's "buy online -- ship from store" and digital marketing capabilities. Under the strategy the company has achieved an additional $40 million worth of annualized savings taking the total annualized cost reductions to $900 million. The company had raised its target of cost reduction to $1 billion at the end of fiscal 2014.
In addition, the company launched 800 new Samsung and Sony home theater, 18 Pacific Kitchen and Home and 7 Magnolia Design Center stores-within-a-store.
To combat its dismal financial run, Best Buy had reinforced a turnaround strategy called the Renew Blue transformation program to rein in escalating costs and increase online traffic as well as store conversion rate. Though industry trends do not look encouraging, we believe this strategy will help the retailer to bail it out.
Segment Details
Domestic segment revenues fell 2.4% to $7,585 million due to a 2% decrease in comps.
Comparable online sales rose 22% driven by improved traffic, increased average order value, and availability of better inventory due to the company's ship-from-store and online distribution center expansion.
Decline in categories like tablets, services and mobile phones ran down growth witnessed in computing, gaming and appliances.
The segment's adjusted gross profit fell 4.5% to $1,778 million during the quarter, while adjusted margin came in at 23.4%, down 50 bps due to higher costs related to product warranty, structural investments and unfavorable impact of new credit card agreement.
International segment revenues dropped 12.1% to $1,311 million due to the closure of big box stores in China in the prior year, a decline of 6.7% in comps (China, Canada, and Mexico) and unfavorable fluctuations in foreign exchange rates.
The segment's gross profit declined 16.8% to $277 million in the quarter while margin shrunk 120 bps to 21.1%, reflecting lower margin product mix and increased promotional activities.
Other Financial Details
This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $2,141 million, long-term debt of $1,592 million and total equity of $4,530 million.
Guidance
Anticipating weakness in the sector to persist, management expects comps to decline in low-single digits in the second half of fiscal 2015. Operating margin would be pressured on account of lingering promotional activity.
Moreover, there was an adjustment related to tax structure in the first quarter which resulted in accelerated non-cash tax benefit of $1.01. This benefit is treated periodically but after incorporating the full-year benefit in the first quarter earnings, management expected higher tax rate going forward.
Along with other items, this income tax adjustment will affect earnings in the remaining quarters of fiscal 2015. For the third quarter, impact will range from flat to fall by a cent. During the fourth quarter, there would be a negative impact of 9-10 cents on earnings.
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CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $2,141 million, long-term debt of $1,592 million and total equity of $4,530 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Weakness in the consumer electronics industry, stiff competition from online giantslike Amazon.com Inc. ( AMZN ) and absence of major product launches has resulted in dwindling sales.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $2,141 million, long-term debt of $1,592 million and total equity of $4,530 million. Best Buy Company, Inc. ( BBY ) reported second-quarter fiscal 2015 adjusted earnings from continuing operations of 44 cents per share that came miles ahead of both the Zacks Consensus Estimate of 31 cents and the year-ago quarter figure of 32 cents per share.
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Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $2,141 million, long-term debt of $1,592 million and total equity of $4,530 million. Best Buy Company, Inc. ( BBY ) reported second-quarter fiscal 2015 adjusted earnings from continuing operations of 44 cents per share that came miles ahead of both the Zacks Consensus Estimate of 31 cents and the year-ago quarter figure of 32 cents per share.
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Other Financial Details This Zacks Rank #3 (Hold) stock, which competes with Aaron's, Inc. ( AAN ) and Conns Inc. ( CONN ), ended the quarter with cash and cash equivalents of $2,141 million, long-term debt of $1,592 million and total equity of $4,530 million. Click to get this free report BEST BUY (BBY): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Company, Inc. ( BBY ) reported second-quarter fiscal 2015 adjusted earnings from continuing operations of 44 cents per share that came miles ahead of both the Zacks Consensus Estimate of 31 cents and the year-ago quarter figure of 32 cents per share.
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9379.0
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2014-08-19 00:00:00 UTC
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Aaron's director buys 1,000 shares
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AAN
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https://www.nasdaq.com/articles/aarons-director-buys-1000-shares-2014-08-19
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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9380.0
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2014-08-18 00:00:00 UTC
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October 18th Options Now Available For Aaron's (AAN)
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AAN
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https://www.nasdaq.com/articles/october-18th-options-now-available-aarons-aan-2014-08-18
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the October 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new October 18th contracts and identified one put and one call contract of particular interest.
The put contract at the $25.00 strike price has a current bid of 80 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $25.00, but will also collect the premium, putting the cost basis of the shares at $24.20 (before broker commissions). To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.60/share today.
Because the $25.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 3.20% return on the cash commitment, or 19.15% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Aaron's, Inc., and highlighting in green where the $25.00 strike is located relative to that history:
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the October 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new October 18th contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.60/share today.
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the October 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new October 18th contracts and identified one put and one call contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.60/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new October 18th contracts and identified one put and one call contract of particular interest. Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the October 18th expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.60/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new October 18th contracts and identified one put and one call contract of particular interest. Investors in Aaron's, Inc. (Symbol: AAN) saw new options become available today, for the October 18th expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $25.60/share today.
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9381.0
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2014-08-12 00:00:00 UTC
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Markel CIO Tom Gayner Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews
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AAN
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https://www.nasdaq.com/articles/markel-cio-tom-gayner-buys-deere-unilever-chubb-sells-capital-one-financial-chevron-loews
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Markel CIO Tom Gayner ( Trades , Portfolio ) Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews
As many investors have hard time finding stocks to buy, Markel ( MKL ) CIO Tom Gayner (Trades, Portfolio) made a lot of purchases over the last quarter. He buys Deere & Co, Unilever PLC, Chubb Corp, Travelers Companies Inc, CVS Caremark Corp, National Oilwell Varco Inc, etc. during the 3-months ended 06/30/2014, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 06/30/2014, Markel Gayner Asset Management Corp owns 105 stocks with a total value of $3.5 billion. These are the details of the buys and sells.
Warren Buffett Recent Buys
New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA,
Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI,
Reduced Positions: HCCI, UTI,
Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT,
For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Gayner (Trades, Portfolio)
1. CarMax Inc ( KMX ) - 4,963,070 shares, 7.4% of the total portfolio.
2. Berkshire Hathaway Inc (BRK.A) - 1,078 shares, 5.8% of the total portfolio.
3. Berkshire Hathaway Inc (BRK.B) - 1,511,607 shares, 5.5% of the total portfolio.
4. Walgreen Co ( WAG ) - 2,135,000 shares, 4.5% of the total portfolio.
5. Diageo PLC ( DEO ) - 1,216,000 shares, 4.4% of the total portfolio. Shares added by 1.16%
New Purchase: Deere & Co ( DE )
Tom Gayner (Trades, Portfolio) initiated holdings in Deere & Co. His purchase prices were between $89.95 and $94.53, with an estimated average price of $91.97. The impact to his portfolio due to this purchase was 0.49%. His holdings were 190,000 shares as of 06/30/2014.
New Purchase: Aaron's Inc ( AAN )
Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. The impact to his portfolio due to this purchase was 0.13%. His holdings were 125,000 shares as of 06/30/2014.
New Purchase: Rent-A-Center Inc (RCII)
Tom Gayner (Trades, Portfolio) initiated holdings in Rent-A-Center Inc. His purchase prices were between $25.77 and $29.95, with an estimated average price of $28.27. The impact to his portfolio due to this purchase was 0.09%. His holdings were 110,000 shares as of 06/30/2014.
New Purchase: CME Group Inc (CME)
Tom Gayner (Trades, Portfolio) initiated holdings in CME Group Inc. His purchase prices were between $66.95 and $72.66, with an estimated average price of $70.38. The impact to his portfolio due to this purchase was 0.05%. His holdings were 24,000 shares as of 06/30/2014.
New Purchase: Laboratory Corp of America Hldgs (LH)
Tom Gayner (Trades, Portfolio) initiated holdings in Laboratory Corp of America Hldgs. His purchase prices were between $98.21 and $104.67, with an estimated average price of $100.8. The impact to his portfolio due to this purchase was 0.04%. His holdings were 15,000 shares as of 06/30/2014.
New Purchase: Anheuser-Busch Inbev SA (ABI)
Tom Gayner (Trades, Portfolio) initiated holdings in Anheuser-Busch Inbev SA. His purchase prices were between $76.16 and $85.13, with an estimated average price of $80.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 10,000 shares as of 06/30/2014.
New Purchase: Sigma-Aldrich Corp (SIAL)
Tom Gayner (Trades, Portfolio) initiated holdings in Sigma-Aldrich Corp. His purchase prices were between $92.1 and $101.71, with an estimated average price of $97.04. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,000 shares as of 06/30/2014.
New Purchase: Ritchie Bros Auctioneers Inc (RBA)
Tom Gayner (Trades, Portfolio) initiated holdings in Ritchie Bros Auctioneers Inc. His purchase prices were between $21.91 and $25.08, with an estimated average price of $23.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 10,000 shares as of 06/30/2014.
Sold Out: Capital One Financial Corp (COF)
Tom Gayner (Trades, Portfolio) sold out his holdings in Capital One Financial Corp. His sale prices were between $72.95 and $83.49, with an estimated average price of $77.61.
Sold Out: Chevron Corp (CVX)
Tom Gayner (Trades, Portfolio) sold out his holdings in Chevron Corp. His sale prices were between $116.69 and $132.98, with an estimated average price of $124.31.
Sold Out: Loews Corp (L)
Tom Gayner (Trades, Portfolio) sold out his holdings in Loews Corp. His sale prices were between $42.48 and $44.88, with an estimated average price of $43.67.
Sold Out: Eni SpA (E)
Tom Gayner (Trades, Portfolio) sold out his holdings in Eni SpA. His sale prices were between $49.21 and $54.57, with an estimated average price of $51.68.
Sold Out: Mosaic Co (MOS)
Tom Gayner (Trades, Portfolio) sold out his holdings in Mosaic Co. His sale prices were between $47.2 and $50.79, with an estimated average price of $49.27.
Sold Out: Brookfield Property Partners LP (BPY)
Tom Gayner (Trades, Portfolio) sold out his holdings in Brookfield Property Partners LP. His sale prices were between $18.65 and $20.85, with an estimated average price of $19.9.
Sold Out: Air Products & Chemicals Inc (APD)
Tom Gayner (Trades, Portfolio) sold out his holdings in Air Products & Chemicals Inc. His sale prices were between $115.14 and $130.75, with an estimated average price of $120.46.
Sold Out: Potash Corp of Saskatchewan Inc (POT)
Tom Gayner (Trades, Portfolio) sold out his holdings in Potash Corp of Saskatchewan Inc. His sale prices were between $33.33 and $38.42, with an estimated average price of $36.06.
Sold Out: Fidelity National Financial Inc (FNF)
Tom Gayner (Trades, Portfolio) sold out his holdings in Fidelity National Financial Inc. His sale prices were between $31.11 and $34.45, with an estimated average price of $32.77.
Sold Out: Calumet Specialty Products Partners LP (CLMT)
Tom Gayner (Trades, Portfolio) sold out his holdings in Calumet Specialty Products Partners LP. His sale prices were between $25.92 and $32.64, with an estimated average price of $29.72.
Added: Unilever PLC (UL)
Tom Gayner (Trades, Portfolio) added to his holdings in Unilever PLC by 50.25%. His purchase prices were between $42 and $45.85, with an estimated average price of $44.53. The impact to his portfolio due to this purchase was 0.4%. His holdings were 912,000 shares as of 06/30/2014.
Added: Chubb Corp (CB)
Tom Gayner (Trades, Portfolio) added to his holdings in Chubb Corp by 352.63%. His purchase prices were between $88.4 and $94.08, with an estimated average price of $91.98. The impact to his portfolio due to this purchase was 0.35%. His holdings were 172,000 shares as of 06/30/2014.
Added: Travelers Companies Inc (TRV)
Tom Gayner (Trades, Portfolio) added to his holdings in Travelers Companies Inc by 178.69%. His purchase prices were between $84.39 and $95.6, with an estimated average price of $91.16. The impact to his portfolio due to this purchase was 0.29%. His holdings were 170,000 shares as of 06/30/2014.
Added: CVS Caremark Corp (CVS)
Tom Gayner (Trades, Portfolio) added to his holdings in CVS Caremark Corp by 105.21%. His purchase prices were between $72.58 and $78.92, with an estimated average price of $75.58. The impact to his portfolio due to this purchase was 0.22%. His holdings were 197,000 shares as of 06/30/2014.
Added: Marsh & McLennan Companies Inc (MMC)
Tom Gayner (Trades, Portfolio) added to his holdings in Marsh & McLennan Companies Inc by 1075%. His purchase prices were between $47.06 and $52.15, with an estimated average price of $49.64. The impact to his portfolio due to this purchase was 0.19%. His holdings were 141,000 shares as of 06/30/2014.
Added: National Oilwell Varco Inc (NOV)
Tom Gayner (Trades, Portfolio) added to his holdings in National Oilwell Varco Inc by 25.96%. His purchase prices were between $69.565 and $82.63, with an estimated average price of $74.33. The impact to his portfolio due to this purchase was 0.19%. His holdings were 393,000 shares as of 06/30/2014.
Added: WellPoint Inc (WLP)
Tom Gayner (Trades, Portfolio) added to his holdings in WellPoint Inc by 40.3%. His purchase prices were between $92 and $108.82, with an estimated average price of $102.96. The impact to his portfolio due to this purchase was 0.17%. His holdings were 188,000 shares as of 06/30/2014.
Added: Schlumberger NV (SLB)
Tom Gayner (Trades, Portfolio) added to his holdings in Schlumberger NV by 19.23%. His purchase prices were between $97.1 and $117.8, with an estimated average price of $102.81. The impact to his portfolio due to this purchase was 0.16%. His holdings were 310,000 shares as of 06/30/2014.
Added: General Electric Co (GE)
Tom Gayner (Trades, Portfolio) added to his holdings in General Electric Co by 7.07%. His purchase prices were between $25.43 and $27.44, with an estimated average price of $26.54. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,816,000 shares as of 06/30/2014.
Added: Copart Inc (CPRT)
Tom Gayner (Trades, Portfolio) added to his holdings in Copart Inc by 28.57%. His purchase prices were between $34.96 and $37.16, with an estimated average price of $36.06. The impact to his portfolio due to this purchase was 0.14%. His holdings were 630,000 shares as of 06/30/2014.
Added: BlackRock Inc (BLK)
Tom Gayner (Trades, Portfolio) added to his holdings in BlackRock Inc by 20.27%. His purchase prices were between $293.71 and $319.85, with an estimated average price of $306.28. The impact to his portfolio due to this purchase was 0.14%. His holdings were 89,000 shares as of 06/30/2014.
Added: Liberty Media Corporation (LMCA)
Tom Gayner (Trades, Portfolio) added to his holdings in Liberty Media Corporation by 40.57%. His purchase prices were between $43.123 and $47.066, with an estimated average price of $45.01. The impact to his portfolio due to this purchase was 0.09%. His holdings were 246,000 shares as of 06/30/2014.
Added: FactSet Research Systems, Inc. (FDS)
Tom Gayner (Trades, Portfolio) added to his holdings in FactSet Research Systems, Inc. by 25.61%. His purchase prices were between $102.49 and $119.88, with an estimated average price of $108.35. The impact to his portfolio due to this purchase was 0.07%. His holdings were 103,000 shares as of 06/30/2014.
Added: Procter & Gamble Co (PG)
Tom Gayner (Trades, Portfolio) added to his holdings in Procter & Gamble Co by 33.68%. His purchase prices were between $78.62 and $82.94, with an estimated average price of $80.67. The impact to his portfolio due to this purchase was 0.07%. His holdings were 127,000 shares as of 06/30/2014.
Added: Ecolab Inc (ECL)
Tom Gayner (Trades, Portfolio) added to his holdings in Ecolab Inc by 25.71%. His purchase prices were between $103.7 and $110.34, with an estimated average price of $107.1. The impact to his portfolio due to this purchase was 0.06%. His holdings were 88,000 shares as of 06/30/2014.
Added: McGraw Hill Financial Inc (MHFI)
Tom Gayner (Trades, Portfolio) added to his holdings in McGraw Hill Financial Inc by 33.33%. His purchase prices were between $71.98 and $84.7, with an estimated average price of $78.76. The impact to his portfolio due to this purchase was 0.05%. His holdings were 80,000 shares as of 06/30/2014.
Added: Apollo Global Management LLC (APO)
Tom Gayner (Trades, Portfolio) added to his holdings in Apollo Global Management LLC by 21.43%. His purchase prices were between $24.19 and $31.82, with an estimated average price of $27.17. The impact to his portfolio due to this purchase was 0.03%. His holdings were 221,000 shares as of 06/30/2014.
Added: MSCI Inc (MSCI)
Tom Gayner (Trades, Portfolio) added to his holdings in MSCI Inc by 75.76%. His purchase prices were between $40.54 and $45.47, with an estimated average price of $43.01. The impact to his portfolio due to this purchase was 0.03%. His holdings were 58,000 shares as of 06/30/2014.
Added: Culp Inc (CFI)
Tom Gayner (Trades, Portfolio) added to his holdings in Culp Inc by 202.27%. His purchase prices were between $17.27 and $20.26, with an estimated average price of $18.27. The impact to his portfolio due to this purchase was 0.01%. His holdings were 30,227 shares as of 06/30/2014.
Reduced: Heritage-Crystal Clean Inc (HCCI)
Tom Gayner (Trades, Portfolio) reduced to his holdings in Heritage-Crystal Clean Inc by 70.14%. His sale prices were between $14.79 and $19.81, with an estimated average price of $16.74. The impact to his portfolio due to this sale was -0.06%. Tom Gayner (Trades, Portfolio) still held 46,003 shares as of 06/30/2014.
Reduced: Universal Technical Institute Inc (UTI)
Tom Gayner (Trades, Portfolio) reduced to his holdings in Universal Technical Institute Inc by 31.02%. His sale prices were between $10.77 and $13.62, with an estimated average price of $11.86. The impact to his portfolio due to this sale was -0.01%. Tom Gayner (Trades, Portfolio) still held 33,800 shares as of 06/30/2014.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Warren Buffett Recent Buys New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA, Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI, Reduced Positions: HCCI, UTI, Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. New Purchase: Aaron's Inc ( AAN ) Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. Markel CIO Tom Gayner ( Trades , Portfolio ) Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews As many investors have hard time finding stocks to buy, Markel ( MKL ) CIO Tom Gayner (Trades, Portfolio) made a lot of purchases over the last quarter.
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Warren Buffett Recent Buys New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA, Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI, Reduced Positions: HCCI, UTI, Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. New Purchase: Aaron's Inc ( AAN ) Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. Markel CIO Tom Gayner ( Trades , Portfolio ) Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews As many investors have hard time finding stocks to buy, Markel ( MKL ) CIO Tom Gayner (Trades, Portfolio) made a lot of purchases over the last quarter.
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New Purchase: Aaron's Inc ( AAN ) Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. Warren Buffett Recent Buys New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA, Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI, Reduced Positions: HCCI, UTI, Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. Shares added by 1.16% New Purchase: Deere & Co ( DE ) Tom Gayner (Trades, Portfolio) initiated holdings in Deere & Co. His purchase prices were between $89.95 and $94.53, with an estimated average price of $91.97.
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Warren Buffett Recent Buys New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA, Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI, Reduced Positions: HCCI, UTI, Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. New Purchase: Aaron's Inc ( AAN ) Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. Shares added by 1.16% New Purchase: Deere & Co ( DE ) Tom Gayner (Trades, Portfolio) initiated holdings in Deere & Co. His purchase prices were between $89.95 and $94.53, with an estimated average price of $91.97.
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9382.0
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2014-07-31 00:00:00 UTC
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Should You Get Rid of Aaron's (AAN) Now? - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/should-you-get-rid-of-aarons-aan-now-tale-of-the-tape-2014-07-31
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Aaron's, Inc. ( AAN ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAN.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 5 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.00 a share a month ago to its current level of $1.69.
Also, for the current quarter, Aaron's has seen 5 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 38 cents a share from 51 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 22.2% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Retail sector, you may instead consider some better-ranked stocks from the broader sector including Zumiez, Inc. ( ZUMZ ), Restoration Hardware Holdings, Inc. ( RH ) and Lithia Motors Inc. ( LAD ). All these stocks hold a Zacks Rank #1 (Strong Buy) and may be better selections at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One such stock that you may want to consider dropping is Aaron's, Inc. ( AAN ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAN. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Aaron's, Inc. ( AAN ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAN.
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One such stock that you may want to consider dropping is Aaron's, Inc. ( AAN ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAN.
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One such stock that you may want to consider dropping is Aaron's, Inc. ( AAN ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in AAN. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report To read this article on Zacks.com click here.
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9383.0
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2014-07-28 00:00:00 UTC
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Aaron's (AAN) Slumps on Weak Q2 Earnings, Cost Savings Ahead - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-aan-slumps-on-weak-q2-earnings-cost-savings-ahead-analyst-blog-2014-07-28
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Aaron's Inc. ( AAN ) posted weaker- than originally anticipated financial results for second-quarter 2014 due to the disappointing performance of its core operations offset by strong results at the recently acquired Progressive business. However, earnings results came in at the higher end of the company's lowered guidance range released on Jul 15. Subsequently, the company's share price fell approximately 3.0% on Friday's trading session.
Aaron's earnings for the quarter declined 26.0% from the comparable prior-year quarter to 37 cents per share. However, it surpassed the Zacks Consensus Estimate of 36 cents per share by a penny. The decline in bottom line was mainly due to the troubles at its core business, while contributions from Progressive saved the day for Aaron's to some extent.
Aarons, Inc - Earnings Surprise | FindTheBest
The company's top-line grew 22% year over year to $672.5 million compared with $675 million projected earlier. Revenue also was almost in line with the Zacks Consensus Estimate of $672.0 million.
Comparable store sales (comps) at the company-owned stores fell 3% in the quarter. Customer traffic at the company-operated stores decreased 2.8%. Comps at the company's franchised stores registered a 2.3% fall owing to a 3.0% decline in customer traffic.
At the quarter-end, the company's self-operated stores had 1,099,000 customers while the franchisees had a customer count of 585,000.
Segment Details
Core Business
The company's core business recorded an overall revenue decline of $16.9 million during the quarter. Within the core business, the company's Sales & Lease Ownership division posted revenue of $516.9 million, down 2% from the second quarter of 2013. Results for the Sales & Lease Ownership division exclude the RIMCO division which was sold in Jan 2014. Further, the HomeSmart division reported revenues of $16.0 million, increasing 1% from the year-ago comparable quarter.
Going into the third quarter, the company plans to shut down 44 Aaron's Sales & Lease Ownership stores as a part of its restructuring plan. These closures are expected to incur pre-tax charges of nearly $7 million in the third quarter.
Progressive
The recently acquired Progressive segment posted revenue of $138.9 million, contributing meaningfully to the company's overall revenue in its first quarter since joining forces with Aaron's.
Financial Position
Cash and investments at Aaron's as of Jun 30, 2014 were $110.5 million and total shareholder equity was $1,188.8 million.
Aaron's bought back 1,000,952 shares of its common stock during the six months of 2014 and completed its previously announced $125 million accelerated share repurchase program. The company revealed that it has an additional authorization of repurchasing 10,496,421 shares.
Store Update
Aaron's opened 6 company-operated Sales & Lease Ownership stores and 6 franchised stores in the quarter. The company also acquired 1 Aaron's Sales & Lease Ownership franchised store and sold 2 franchised outlets to a third party. Furthermore, Aaron's also shut down 3 each of its company-operated and franchised Aaron's Sales & Lease Ownership stores during the quarter.
As of Jun 30, 2014, Aaron's had a total of 1,266 company-operated Sales & Lease Ownership stores, 784 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores, 3 franchised HomeSmart stores. At the quarter-end, the company operated 2,136 stores in total.
Management Guidance
Looking ahead, Aaron's has updated its outlook for the third quarter and full-year 2014 after taking the benefits of the Progressive Finance Holdings acquisition into account.
For third-quarter 2014, the company anticipates revenues of $695.0 million with progressive's contribution to revenue totaling $175 million. The company expects to generate EBITDA of $15-$17 million at Progressive in the third quarter. GAAP earnings for the quarter are anticipated in the range of 20-25 cents per share, while adjusted earnings are expected to come between 36 and 41 cents per share.
Similarly, for full-year 2014, Aaron's expects revenue and EBITDA in the range of $2.65-$2.70 billion and $45-$50 million, respectively. Progressive is expected to contribute about $500 million to the company's fiscal year revenue, starting from the time it was acquired in April 2014. The company's GAAP earnings per share are expected to be $1.12-$1.22 and adjusted earnings are projected at $1.65-$1.75 per share.
Despite the company's disappointing second-quarter results, management remains optimistic of its future potential as it progresses toward reviving its core operations through its strategic plan announced earlier in order to position the company for long-term stability and growth.
The company's strategic plans focus on bringing the company back to profitability by stimulating same-store sales growth, building a strong online platform, optimizing cost savings to expand margins, limiting company-operated store growth to 2%-3% per year and encouraging expansion of its franchise store base. As a part of these initiatives, the company recently identified over $50 million in annual cost savings and efficiencies. Additionally, the company targets debt-to-capitalization ratio of 20% and expects to use excess cash to reward shareholders.
Further, the company's cost reduction initiatives remain focused on rigorously evaluating its store base, specific cost reductions across the organization, long-term SG&A cost saving initiatives and better inventory management and analytics to optimize store operation. As a part of its store evaluation process, the company intends to close down 44 underperforming stores in the third quarter of fiscal 2014 and plans to focus on store rationalization for the next few years.
Other Stocks Worth Considering
Aaron's currently has a Zacks Rank #5 (Strong Sell). A better-ranked stock in the related industry is Conns Inc. ( CONN ) with a Zacks Rank #2 (Buy). Other stocks worth a look in the retail sector include Citi Trends Inc. ( CTRN ) and Zumiez Inc. ( ZUMZ ), both of which carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's Inc. ( AAN ) posted weaker- than originally anticipated financial results for second-quarter 2014 due to the disappointing performance of its core operations offset by strong results at the recently acquired Progressive business. Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The decline in bottom line was mainly due to the troubles at its core business, while contributions from Progressive saved the day for Aaron's to some extent.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) posted weaker- than originally anticipated financial results for second-quarter 2014 due to the disappointing performance of its core operations offset by strong results at the recently acquired Progressive business. As of Jun 30, 2014, Aaron's had a total of 1,266 company-operated Sales & Lease Ownership stores, 784 franchised Sales & Lease Ownership stores, 83 company-operated HomeSmart stores, 3 franchised HomeSmart stores.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) posted weaker- than originally anticipated financial results for second-quarter 2014 due to the disappointing performance of its core operations offset by strong results at the recently acquired Progressive business. Store Update Aaron's opened 6 company-operated Sales & Lease Ownership stores and 6 franchised stores in the quarter.
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Aaron's Inc. ( AAN ) posted weaker- than originally anticipated financial results for second-quarter 2014 due to the disappointing performance of its core operations offset by strong results at the recently acquired Progressive business. Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The company revealed that it has an additional authorization of repurchasing 10,496,421 shares.
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9384.0
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2014-07-23 00:00:00 UTC
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Will Weak Core Operations Impact Aaron's (AAN) Q2 Earnings? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-weak-core-operations-impact-aarons-aan-q2-earnings-analyst-blog-2014-07-23
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Rent-to-own specialty retailer, Aaron's, Inc. ( AAN ), is set to report its second-quarter 2014 results on Jul 25, 2014. Last quarter, it posted in line earnings. Let us see how things are developing for this announcement.
Growth Factors this Quarter
Continuously deteriorating core operations remains a drag on Aaron's performance. As a result, earlier this month the company had lowered its earnings and sales forecast for the second quarter of fiscal 2014. Also, weakness in the consumer electronics sector and rising competition from online giants remain concerns. However, the recently acquired Progressive business has helped to partly offset disappointing results at its core operations. We believe the company's turnaround initiatives will prove a time consuming affair.
Earnings Whispers
Our proven model does not conclusively project Aaron's as likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and Zacks Rank #1 #2 or #3 for this to happen. This is not the case here as you will see below.
Zacks ESP: ESP for Aaron's is 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate stand at 36 cents.
Zacks Rank #5 (Strong Sell): We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
Other Stocks to Consider
Here are some other companies you may want to consider as our model shows these to have the right combination of elements to post an earnings beat:
Archer Daniels Midland Company ( ADM ) Earnings ESP stands at +9.33% and it carries a Zacks Rank #2 (Buy).
Colgate-Palmolive Co. ( CL ) with an Earnings ESP of +1.37% holds a Zacks Rank #2.
Marinemax Inc. ( HZO ) has an Earnings ESP of +13.21% and a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
ARCHER DANIELS (ADM): Free Stock Analysis Report
COLGATE PALMOLI (CL): Free Stock Analysis Report
MARINEMAX INC (HZO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rent-to-own specialty retailer, Aaron's, Inc. ( AAN ), is set to report its second-quarter 2014 results on Jul 25, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ARCHER DANIELS (ADM): Free Stock Analysis Report COLGATE PALMOLI (CL): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Factors this Quarter Continuously deteriorating core operations remains a drag on Aaron's performance.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ARCHER DANIELS (ADM): Free Stock Analysis Report COLGATE PALMOLI (CL): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's, Inc. ( AAN ), is set to report its second-quarter 2014 results on Jul 25, 2014. Other Stocks to Consider Here are some other companies you may want to consider as our model shows these to have the right combination of elements to post an earnings beat: Archer Daniels Midland Company ( ADM ) Earnings ESP stands at +9.33% and it carries a Zacks Rank #2 (Buy).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ARCHER DANIELS (ADM): Free Stock Analysis Report COLGATE PALMOLI (CL): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own specialty retailer, Aaron's, Inc. ( AAN ), is set to report its second-quarter 2014 results on Jul 25, 2014. Zacks Rank #5 (Strong Sell): We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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Rent-to-own specialty retailer, Aaron's, Inc. ( AAN ), is set to report its second-quarter 2014 results on Jul 25, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ARCHER DANIELS (ADM): Free Stock Analysis Report COLGATE PALMOLI (CL): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #5 (Strong Sell): We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into an earnings announcement, especially when the company is witnessing negative estimate revisions.
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9385.0
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2014-07-21 00:00:00 UTC
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Aaron's Slashed to Strong Sell Owing to Lowered Guidance - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-slashed-to-strong-sell-owing-to-lowered-guidance-analyst-blog-2014-07-21
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On Jul 18, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell).
Why the Downgrade?
Estimates for Aaron's have shown a downtrend since the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business. Following last week's announcement, the company's shares have slipped 2.5% to date.
This rent-to-own specialty retailer came up with its preliminary results for the second quarter that reflects strong revenue performance at the recently acquired Progressive business, more than offset by disappointing results at its core operations. That being said, the company forecasts revenue to be nearly $672 million in the second quarter as against $675 million projected earlier.
Consequently, Aaron's slashed its adjusted earnings per share, which is now expected to be in the range of 34-37 cents, while its earlier anticipated adjusted earnings ranged between 43-48 cents per share.
Adjusted earnings results for the quarter excludes the amortization expenses and transaction costs related to Progressive's purchase as well as other one-time costs and expenses. On a GAAP basis, the company projects earnings in the range of 9-12 cents per share.
This trimmed guidance triggered a downtrend in the Zacks Consensus Estimate, as analysts became less constructive on the stock's future performance. This is evident from the movement witnessed in the Zacks Consensus Estimate that fell 9.5% to $1.81 for 2014 and 6.4% to $2.48 per share for 2015 in the past 7 days.
Though Aaron's core business remains troubled, the company is encouraged by the better-than-expected second quarter earnings and revenue results of the recently acquired Progressive business. Looking forward, Aaron's remains confident of Progressive's future growth and is on track to revive its core business results through its strategic initiatives.
Other Stocks to Consider
A better-ranked retail stock in the related industry that looks promising and is expected to continue with its upbeat performance includes Conns Inc. ( CONN ) with a Zacks Rank #2 (Buy). Meanwhile, other stocks performing well in the retail industry include Citi Trends Inc. ( CTRN ) and Christopher & Banks Corp. ( CBK ), each carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Jul 18, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Estimates for Aaron's have shown a downtrend since the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 18, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). This rent-to-own specialty retailer came up with its preliminary results for the second quarter that reflects strong revenue performance at the recently acquired Progressive business, more than offset by disappointing results at its core operations.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 18, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). Consequently, Aaron's slashed its adjusted earnings per share, which is now expected to be in the range of 34-37 cents, while its earlier anticipated adjusted earnings ranged between 43-48 cents per share.
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On Jul 18, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. On a GAAP basis, the company projects earnings in the range of 9-12 cents per share.
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9386.0
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2014-07-18 00:00:00 UTC
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Zacks Rank #5 Additions for Friday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-5-additions-for-friday-tale-of-the-tape-2014-07-18
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AAR Corp. ( AIR )
Aaron's, Inc. ( AAN )
ADTRAN, Inc. ( ADTN )
Alon USA Energy, Inc. ( ALJ )
Blueknight Energy Partners L.P. ( BKEP )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAR CORP (AIR): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
ADTRAN INC (ADTN): Free Stock Analysis Report
ALON USA ENERGY (ALJ): Free Stock Analysis Report
BLUEKNIGHT EGY (BKEP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAR Corp. ( AIR ) Aaron's, Inc. ( AAN ) ADTRAN, Inc. ( ADTN ) Alon USA Energy, Inc. ( ALJ ) Blueknight Energy Partners L.P. ( BKEP ) View the entire Zacks Rank #5 List . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADTRAN INC (ADTN): Free Stock Analysis Report ALON USA ENERGY (ALJ): Free Stock Analysis Report BLUEKNIGHT EGY (BKEP): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAR Corp. ( AIR ) Aaron's, Inc. ( AAN ) ADTRAN, Inc. ( ADTN ) Alon USA Energy, Inc. ( ALJ ) Blueknight Energy Partners L.P. ( BKEP ) View the entire Zacks Rank #5 List . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADTRAN INC (ADTN): Free Stock Analysis Report ALON USA ENERGY (ALJ): Free Stock Analysis Report BLUEKNIGHT EGY (BKEP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAR Corp. ( AIR ) Aaron's, Inc. ( AAN ) ADTRAN, Inc. ( ADTN ) Alon USA Energy, Inc. ( ALJ ) Blueknight Energy Partners L.P. ( BKEP ) View the entire Zacks Rank #5 List . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADTRAN INC (ADTN): Free Stock Analysis Report ALON USA ENERGY (ALJ): Free Stock Analysis Report BLUEKNIGHT EGY (BKEP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AAR Corp. ( AIR ) Aaron's, Inc. ( AAN ) ADTRAN, Inc. ( ADTN ) Alon USA Energy, Inc. ( ALJ ) Blueknight Energy Partners L.P. ( BKEP ) View the entire Zacks Rank #5 List . Click to get this free report AAR CORP (AIR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADTRAN INC (ADTN): Free Stock Analysis Report ALON USA ENERGY (ALJ): Free Stock Analysis Report BLUEKNIGHT EGY (BKEP): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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9387.0
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2014-07-16 00:00:00 UTC
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Company News for July 16, 2014 - Corporate Summary
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AAN
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https://www.nasdaq.com/articles/company-news-for-july-16-2014-corporate-summary-2014-07-16
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• Comerica Incorporated's ( CMA ) shares rose 2.6% after reporting second quarter earnings per share of $0.80, beating the Zacks Consensus Estimate of $0.76
• Shares of Rockwood Holdings, Inc. ( ROC ) climbed 9.8% following news that Albemarle Corporation ( ALB ) will acquire the company for $6.2 billion
• Aaron's, Inc.'s ( AAN ) shares dropped 9.5% after forecasting second quarter earnings per share of between $0.34-$0.37, lower than the Zacks Consensus Estimate of $0.46
• Shares of JB Hunt Transport Services Inc. ( JBHT ) gained 3.6% after posting second quarter earnings per share of $0.79, 36.2% higher than that of previous quarter
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
COMERICA INC (CMA): Free Stock Analysis Report
ROCKWOOD HLDGS (ROC): Free Stock Analysis Report
ALBEMARLE CORP (ALB): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HUNT (JB) TRANS (JBHT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Comerica Incorporated's ( CMA ) shares rose 2.6% after reporting second quarter earnings per share of $0.80, beating the Zacks Consensus Estimate of $0.76 • Shares of Rockwood Holdings, Inc. ( ROC ) climbed 9.8% following news that Albemarle Corporation ( ALB ) will acquire the company for $6.2 billion • Aaron's, Inc.'s ( AAN ) shares dropped 9.5% after forecasting second quarter earnings per share of between $0.34-$0.37, lower than the Zacks Consensus Estimate of $0.46 • Shares of JB Hunt Transport Services Inc. ( JBHT ) gained 3.6% after posting second quarter earnings per share of $0.79, 36.2% higher than that of previous quarter Want the latest recommendations from Zacks Investment Research? Click to get this free report COMERICA INC (CMA): Free Stock Analysis Report ROCKWOOD HLDGS (ROC): Free Stock Analysis Report ALBEMARLE CORP (ALB): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HUNT (JB) TRANS (JBHT): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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• Comerica Incorporated's ( CMA ) shares rose 2.6% after reporting second quarter earnings per share of $0.80, beating the Zacks Consensus Estimate of $0.76 • Shares of Rockwood Holdings, Inc. ( ROC ) climbed 9.8% following news that Albemarle Corporation ( ALB ) will acquire the company for $6.2 billion • Aaron's, Inc.'s ( AAN ) shares dropped 9.5% after forecasting second quarter earnings per share of between $0.34-$0.37, lower than the Zacks Consensus Estimate of $0.46 • Shares of JB Hunt Transport Services Inc. ( JBHT ) gained 3.6% after posting second quarter earnings per share of $0.79, 36.2% higher than that of previous quarter Want the latest recommendations from Zacks Investment Research? Click to get this free report COMERICA INC (CMA): Free Stock Analysis Report ROCKWOOD HLDGS (ROC): Free Stock Analysis Report ALBEMARLE CORP (ALB): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HUNT (JB) TRANS (JBHT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Comerica Incorporated's ( CMA ) shares rose 2.6% after reporting second quarter earnings per share of $0.80, beating the Zacks Consensus Estimate of $0.76 • Shares of Rockwood Holdings, Inc. ( ROC ) climbed 9.8% following news that Albemarle Corporation ( ALB ) will acquire the company for $6.2 billion • Aaron's, Inc.'s ( AAN ) shares dropped 9.5% after forecasting second quarter earnings per share of between $0.34-$0.37, lower than the Zacks Consensus Estimate of $0.46 • Shares of JB Hunt Transport Services Inc. ( JBHT ) gained 3.6% after posting second quarter earnings per share of $0.79, 36.2% higher than that of previous quarter Want the latest recommendations from Zacks Investment Research? Click to get this free report COMERICA INC (CMA): Free Stock Analysis Report ROCKWOOD HLDGS (ROC): Free Stock Analysis Report ALBEMARLE CORP (ALB): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HUNT (JB) TRANS (JBHT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Comerica Incorporated's ( CMA ) shares rose 2.6% after reporting second quarter earnings per share of $0.80, beating the Zacks Consensus Estimate of $0.76 • Shares of Rockwood Holdings, Inc. ( ROC ) climbed 9.8% following news that Albemarle Corporation ( ALB ) will acquire the company for $6.2 billion • Aaron's, Inc.'s ( AAN ) shares dropped 9.5% after forecasting second quarter earnings per share of between $0.34-$0.37, lower than the Zacks Consensus Estimate of $0.46 • Shares of JB Hunt Transport Services Inc. ( JBHT ) gained 3.6% after posting second quarter earnings per share of $0.79, 36.2% higher than that of previous quarter Want the latest recommendations from Zacks Investment Research? Click to get this free report COMERICA INC (CMA): Free Stock Analysis Report ROCKWOOD HLDGS (ROC): Free Stock Analysis Report ALBEMARLE CORP (ALB): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HUNT (JB) TRANS (JBHT): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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9388.0
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2014-07-16 00:00:00 UTC
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Aaron's Falls on Q2 Guidance Cut, Business Struggles - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-falls-on-q2-guidance-cut-business-struggles-analyst-blog-2014-07-16
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nan
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nan
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Shares of Aaron's Inc. ( AAN ) plunged 9.51% during yesterday's trade, to close at $30.34 per share after the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business.
The rent-to-own specialty retailer came up with its preliminary results for the second quarter that reflects strong revenue performance at the recently acquired Progressive business offset by disappointing results at its core operations. That being said, the company forecasts revenue to be nearly $672 million in the second quarter as against $675 million projected earlier.
Consequently, Aaron's slashed its adjusted earnings per share, which is now expected to be in the range of 34-37 cents, while its earlier anticipated adjusted earnings ranged between 43-48 cents per share. Adjusted earnings results for the quarter excludes the amortization expenses and transaction costs related to Progressive's purchase as well as other one-time costs and expenses. On a GAAP basis, the company projects earnings in the range of 9-12 cents per share.
While Aaron's core business remains troubled, the company is encouraged by the better-than-expected second quarter earnings and revenue results of the recently acquired Progressive business. The company is working relentlessly to integrate Progressive's business to realize the attractive e-commerce, customer relationship and other operational synergies between the two businesses.
Looking forward, the company remains confident of Progressive's future growth and is on track to revive its core business' results through the strategic initiatives announced in April.
The company's strategic plans focus on reviving its core business and bringing the company back to profitability include concentrating on stimulating same store sales growth, building a strong online platform, optimizing cost savings to expand margins, limiting company-operated store growth to 2%-3% per year and encouraging the expansion of its franchise store base. Additionally, the company targets debt-to-capitalization ratio of 20% and expects to use excess cash to reward shareholders.
Further, the company's cost reduction initiatives remain focused on rigorously evaluating its store base, specific cost reductions across the organization, long-term SG&A cost saving initiatives and better inventory management and analytics to optimize store operation. As a part of its store evaluation process, the company intends to close down 44 underperforming stores in the third quarter of fiscal 2014 and plans to focus on store rationalization for the next few years.
Aaron's currently holds a Zacks Rank #3 (Hold). A better-ranked retail stock in the related industry is Conns Inc. ( CONN ) with a Zacks Rank #2 (Buy). Meanwhile, other stocks performing well in the retail industry include Citi Trends Inc. ( CTRN ) and Christopher & Banks Corp. ( CBK ), both of which sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Aaron's Inc. ( AAN ) plunged 9.51% during yesterday's trade, to close at $30.34 per share after the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Looking forward, the company remains confident of Progressive's future growth and is on track to revive its core business' results through the strategic initiatives announced in April.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Aaron's Inc. ( AAN ) plunged 9.51% during yesterday's trade, to close at $30.34 per share after the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business. The rent-to-own specialty retailer came up with its preliminary results for the second quarter that reflects strong revenue performance at the recently acquired Progressive business offset by disappointing results at its core operations.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Aaron's Inc. ( AAN ) plunged 9.51% during yesterday's trade, to close at $30.34 per share after the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business. While Aaron's core business remains troubled, the company is encouraged by the better-than-expected second quarter earnings and revenue results of the recently acquired Progressive business.
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Shares of Aaron's Inc. ( AAN ) plunged 9.51% during yesterday's trade, to close at $30.34 per share after the company lowered its earnings and sales forecast for the second quarter of fiscal 2014 due to dismal performance of its core business. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. While Aaron's core business remains troubled, the company is encouraged by the better-than-expected second quarter earnings and revenue results of the recently acquired Progressive business.
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9389.0
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2014-07-15 00:00:00 UTC
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U.S. Stocks Sink; JPMorgan Shares Surge On Upbeat Earnings
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AAN
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https://www.nasdaq.com/articles/us-stocks-sink-jpmorgan-shares-surge-upbeat-earnings-2014-07-15
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nan
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nan
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Midway through trading Tuesday, the Dow traded down 0.28 percent to 17,008.60 while the NASDAQ tumbled 1.12 percent to 4,390.52. The S&P also fell, dropping 0.59 percent to 1,965.54.
Leading and Lagging Sectors
Tuesday morning, the basic materials sector proved to be a source of strength for the market. Leading the sector was strength from Rockwood Holdings (NYSE: ROC ) and Companhia Siderurgica Nacional (NYSE: SID ).
In trading on Tuesday, energy shares were relative laggards, down on the day by about 0.26 percent. Top decliners in the sector included Miller Energy Resources (NYSE: MILL ), down 7.6 percent, and Oasis Petroleum (NYSE: OAS ), off 3.9 percent.
Top Headline
The Goldman Sachs Group (NYSE: GS ) reported stronger-than-expected second-quarter results.
Goldman Sachs posted its quarterly earnings of $2.04 billion, or $4.10 per share, up 9% from $1.93 billion, or $3.70 per share, in the year-ago period.
Its total revenue rose 6% to $9.13 billion from $8.61 billion. However, analysts were projecting earnings of $3.05 per share on revenue of $7.97 billion.
Equities Trading UP
Rockwood Holdings (NYSE: ROC ) shares shot up 10.18 percent to $83.41 after Albemarle (NYSE: ALB ) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion.
Shares of Plug Power (NASDAQ: PLUG ) got a boost, shooting up 14.35 percent to $4.78 following Monday's initiation at FBR with a Outperform rating.
JPMorgan Chase & Co (NYSE: JPM ) shares were also up, gaining 3.68 percent to $58.36 after the company reported better-than-expected second-quarter earnings.
Equities Trading DOWN
Shares of Lorillard (NYSE: LO ) were down 7.85 percent to $61.94 after Reynolds American (NYSE: RAI ) agreed to acquire Lorillard in a cash-and-stock transaction valued at $27.4 billion, including the assumption of net debt.
Aaron's (NYSE: AAN ) shares tumbled 6.56 percent to $31.33 after the company lowered its Q2 forecast.
Johnson & Johnson (NYSE: JNJ ) was down, falling 1.66 percent to $103.63 on Q2 results. Johnson & Johnson reported a rise in its second-quarter earnings and lifted its profit forecast for the full year.
Commodities
In commodity news, to $99.23, while gold traded down 0.70 percent to $1,297.50.
Silver traded down 0.26 percent Tuesday to $20.86, while copper fell 0.05 percent to $3.25.
Eurozone
European shares today.
The eurozone's STOXX 600 fell 0.40 percent, the Spanish Ibex Index dropped 1.23 percent, while Italy's FTSE MIB Index declined 1.33 percent.
Meanwhile, the German DAX fell 0.65 percent and the French CAC 40 dropped 1.03 percent while UK shares dropped 0.53 percent.
Economics
The ICSC-Goldman Store Sales gained 0.1% in the week ended Saturday versus the earlier week.
U.S. retail sales gained 0.2% in June, versus economists' expectations for a 0.6% rise.
The import price index rose 0.1% in June, versus economists' expectations for a 0.4% gain. US export price index declined 0.4% in June.
The Empire State manufacturing index surged to 25.60 in July, versus a prior reading of 19.28. However, economists were expecting a reading of 17.00.
U.S. business inventories rose 0.50% in May, versus economists' expectations for a 0.60% gain.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's (NYSE: AAN ) shares tumbled 6.56 percent to $31.33 after the company lowered its Q2 forecast. Top Headline The Goldman Sachs Group (NYSE: GS ) reported stronger-than-expected second-quarter results. JPMorgan Chase & Co (NYSE: JPM ) shares were also up, gaining 3.68 percent to $58.36 after the company reported better-than-expected second-quarter earnings.
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Aaron's (NYSE: AAN ) shares tumbled 6.56 percent to $31.33 after the company lowered its Q2 forecast. Leading the sector was strength from Rockwood Holdings (NYSE: ROC ) and Companhia Siderurgica Nacional (NYSE: SID ). Equities Trading UP Rockwood Holdings (NYSE: ROC ) shares shot up 10.18 percent to $83.41 after Albemarle (NYSE: ALB ) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion.
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Aaron's (NYSE: AAN ) shares tumbled 6.56 percent to $31.33 after the company lowered its Q2 forecast. Equities Trading UP Rockwood Holdings (NYSE: ROC ) shares shot up 10.18 percent to $83.41 after Albemarle (NYSE: ALB ) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion. The eurozone's STOXX 600 fell 0.40 percent, the Spanish Ibex Index dropped 1.23 percent, while Italy's FTSE MIB Index declined 1.33 percent.
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Aaron's (NYSE: AAN ) shares tumbled 6.56 percent to $31.33 after the company lowered its Q2 forecast. Top decliners in the sector included Miller Energy Resources (NYSE: MILL ), down 7.6 percent, and Oasis Petroleum (NYSE: OAS ), off 3.9 percent. The eurozone's STOXX 600 fell 0.40 percent, the Spanish Ibex Index dropped 1.23 percent, while Italy's FTSE MIB Index declined 1.33 percent.
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9390.0
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2014-07-15 00:00:00 UTC
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Aaron's (AAN) Shares Cross Below 200 DMA
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AAN
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https://www.nasdaq.com/articles/aarons-aan-shares-cross-below-200-dma-2014-07-15
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nan
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nan
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $30.31, changing hands as low as $30.06 per share. Aaron's, Inc. shares are currently trading down about 9.8% on the day. The chart below shows the one year performance of AAN shares, versus its 200 day moving average:
Looking at the chart above, AAN's low point in its 52 week range is $26.18 per share, with $36.74 as the 52 week high point - that compares with a last trade of $30.21.
According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 0.9% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $30.31, changing hands as low as $30.06 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $26.18 per share, with $36.74 as the 52 week high point - that compares with a last trade of $30.21. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 0.9% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $30.31, changing hands as low as $30.06 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $26.18 per share, with $36.74 as the 52 week high point - that compares with a last trade of $30.21. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 0.9% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $30.31, changing hands as low as $30.06 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $26.18 per share, with $36.74 as the 52 week high point - that compares with a last trade of $30.21. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 0.9% on the day Tuesday.
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In trading on Tuesday, shares of Aaron's, Inc. (Symbol: AAN) crossed below their 200 day moving average of $30.31, changing hands as low as $30.06 per share. The chart below shows the one year performance of AAN shares, versus its 200 day moving average: Looking at the chart above, AAN's low point in its 52 week range is $26.18 per share, with $36.74 as the 52 week high point - that compares with a last trade of $30.21. According to the ETF Finder at ETF Channel, AAN makes up 3.18% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 0.9% on the day Tuesday.
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9391.0
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2014-07-15 00:00:00 UTC
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Goldman Sachs, JPMorgan Chase Report Strong Earnings; Retail Numbers Fall Below Estimates
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AAN
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https://www.nasdaq.com/articles/goldman-sachs-jpmorgan-chase-report-strong-earnings-retail-numbers-fall-below-estimates
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nan
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nan
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With the final hour of trading underway for Tuesday, the Dow traded flat at 0.02 percent to 17,058.15 while the NASDAQ tumbled 0.55 percent to 4,416.05. The S&P also fell, dropping 0.69 percent to 1,973.81.
Leading and Lagging Sectors
Tuesday morning, the basic materials sector proved to be a source of strength for the market. Leading the sector was strength from Rockwood Holdings (NYSE: ROC ) and Companhia Siderurgica Nacional (NYSE: SID ).
In trading on Tuesday, energy shares were relative laggards, down on the day by about 0.26 percent. Top decliners in the sector included Miller Energy Resources (NYSE: MILL ), down 7.08 percent, and Oasis Petroleum (NYSE: OAS ), off 3.49 percent.
Top Headline
The Goldman Sachs Group (NYSE: GS ) reported stronger-than-expected second-quarter results.
Goldman Sachs posted its quarterly earnings of $2.04 billion, or $4.10 per share, up 9% from $1.93 billion, or $3.70 per share, in the year-ago period.
Its total revenue rose 6% to $9.13 billion from $8.61 billion. However, analysts were projecting earnings of $3.05 per share on revenue of $7.97 billion.
Equities Trading UP
Rockwood Holdings (NYSE: ROC ) shares shot up 11.11 percent to $83.96 after Albemarle (NYSE: ALB ) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion.
Shares of Plug Power (NASDAQ: PLUG ) got a boost, shooting up 17.22 percent to $4.90 following Monday's initiation at FBR with a Outperform rating.
JPMorgan Chase & Co (NYSE: JPM ) shares were also up, gaining 3.75 percent to $58.40 after the company reported better-than-expected second-quarter earnings.
Equities Trading DOWN
Shares of Lorillard (NYSE: LO ) were down 9.79 percent to $60.64 after Reynolds American (NYSE: RAI ) agreed to acquire Lorillard in a cash-and-stock transaction valued at $27.4 billion, including the assumption of net debt.
Aaron's (NYSE: AAN ) shares tumbled 9.78 percent to $30.25 after the company lowered its Q2 forecast.
Johnson & Johnson (NYSE: JNJ ) was down, falling 1.92 percent to $103.34 on Q2 results. Johnson & Johnson reported a rise in its second-quarter earnings and lifted its profit forecast for the full year.
Commodities
In commodity news, to $99.91, while gold traded down 0.70 percent to $1,294.80.
Silver traded down 0.62 percent Tuesday to $20.78, while copper fell 0.05 percent to $3.25.
Eurozone
European shares today.
The eurozone's STOXX 600 fell 0.40 percent, the Spanish IBEX Index dropped 1.23 percent, while Italy's FTSE MIB Index declined 1.33 percent.
Meanwhile, the German DAX fell 0.65 percent and the French CAC 40 dropped 1.03 percent while UK shares dropped 0.53 percent.
Economics
The ICSC-Goldman Store Sales gained 0.1% in the week ended Saturday versus the earlier week.
US retail sales gained 0.2% in June, versus economists' expectations for a 0.6% rise.
The import price index rose 0.1% in June, versus economists' expectations for a 0.4% gain. US export price index declined 0.4% in June.
The Empire State manufacturing index surged to 25.60 in July, versus a prior reading of 19.28. However, economists were expecting a reading of 17.00.
US business inventories rose 0.50% in May, versus economists' expectations for a 0.60% gain.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaron's (NYSE: AAN ) shares tumbled 9.78 percent to $30.25 after the company lowered its Q2 forecast. Top Headline The Goldman Sachs Group (NYSE: GS ) reported stronger-than-expected second-quarter results. JPMorgan Chase & Co (NYSE: JPM ) shares were also up, gaining 3.75 percent to $58.40 after the company reported better-than-expected second-quarter earnings.
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Aaron's (NYSE: AAN ) shares tumbled 9.78 percent to $30.25 after the company lowered its Q2 forecast. Leading the sector was strength from Rockwood Holdings (NYSE: ROC ) and Companhia Siderurgica Nacional (NYSE: SID ). Equities Trading UP Rockwood Holdings (NYSE: ROC ) shares shot up 11.11 percent to $83.96 after Albemarle (NYSE: ALB ) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion.
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Aaron's (NYSE: AAN ) shares tumbled 9.78 percent to $30.25 after the company lowered its Q2 forecast. Equities Trading UP Rockwood Holdings (NYSE: ROC ) shares shot up 11.11 percent to $83.96 after Albemarle (NYSE: ALB ) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion. The eurozone's STOXX 600 fell 0.40 percent, the Spanish IBEX Index dropped 1.23 percent, while Italy's FTSE MIB Index declined 1.33 percent.
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Aaron's (NYSE: AAN ) shares tumbled 9.78 percent to $30.25 after the company lowered its Q2 forecast. Top decliners in the sector included Miller Energy Resources (NYSE: MILL ), down 7.08 percent, and Oasis Petroleum (NYSE: OAS ), off 3.49 percent. The eurozone's STOXX 600 fell 0.40 percent, the Spanish IBEX Index dropped 1.23 percent, while Italy's FTSE MIB Index declined 1.33 percent.
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9392.0
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2014-07-11 00:00:00 UTC
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Beacon Roofing Affected by Slow Growth in the Homebuilding Sector - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/beacon-roofing-affected-by-slow-growth-in-the-homebuilding-sector-analyst-blog-2014-07-11
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nan
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nan
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On Jul 10, 2014, we issued an updated research report on Beacon Roofing Supply, Inc. ( BECN ). The roofing material distributor will continue to benefit from its greenfield investment strategy and balance sheet strength, while conservative outlook and pricing pressure remain areas of concern.
Notably, Beacon Roofing opened 4 new greenfields in the second quarter of fiscal 2014, which brings the count to 8 for the year and 17 since last year. The company aims to open 25 additional branches through rest of the year. These new branches should add 2%-3% to organic growth for the year. For 2015 and beyond, Beacon Roofing is planning to open at least 20 branches per year. With growth in core industry trends, we expect the greenfield openings to continue at an accelerated pace in the near term.
Beacon Roofing's growth strategy is also likely to benefit from its strong balance sheet position which is evident from its strong metrics. The company reported cash and cash equivalents of $34 million as of Mar 31, 2014, up from $16.7 million as of Mar 31, 2013. Total leverage ratio was at 1.59x at the end of second quarter compared with 1.62x at the year-ago comparable period. The debt-to-capitalization ratio remains low at 4.5% as of Mar 31, 2014. In addition, interest coverage ratio of Beacon Roofing was 16.2x at the end of second quarter compared with 15.07x at the end of last year.
Despite these positives, Beacon Roofing expects earnings per share to be at the lower end of the current guidance range of $1.50 to $1.80. Beacon Roofing has expanded its business through strategic acquisitions and diversification of its product offering. However, over the last 18 months the company has been inactive on the acquisition front. This puts the company's strategy of growing though acquisitions at risk.
Further, One of Beacon Roofing's suppliers, Owens Corning, recently announced that roofing volumes for the first half of 2014 will be 20%, lower than the year-ago level because of slow growth in the homebuilding sector. This may affect Beacon Roofing's profitability in the near term. In addition, general market softness and pricing pressure remain areas of concern going forward.
Additionally, increase in competition, general market softness, lack of strategic acquisitions and pricing pressure remain matters of concern going forward.
Beacon Roofing currently carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
Some better-ranked stocks in the same industry include Fastenal Company ( FAST ), Aaron's, Inc. ( AAN ) and Advance Auto Parts Inc. ( AAP ). All of these stocks have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FASTENAL (FAST): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
BEACON ROOFING (BECN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some better-ranked stocks in the same industry include Fastenal Company ( FAST ), Aaron's, Inc. ( AAN ) and Advance Auto Parts Inc. ( AAP ). Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. The roofing material distributor will continue to benefit from its greenfield investment strategy and balance sheet strength, while conservative outlook and pricing pressure remain areas of concern.
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Other Stocks to Consider Some better-ranked stocks in the same industry include Fastenal Company ( FAST ), Aaron's, Inc. ( AAN ) and Advance Auto Parts Inc. ( AAP ). Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, general market softness and pricing pressure remain areas of concern going forward.
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Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some better-ranked stocks in the same industry include Fastenal Company ( FAST ), Aaron's, Inc. ( AAN ) and Advance Auto Parts Inc. ( AAP ). Notably, Beacon Roofing opened 4 new greenfields in the second quarter of fiscal 2014, which brings the count to 8 for the year and 17 since last year.
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Other Stocks to Consider Some better-ranked stocks in the same industry include Fastenal Company ( FAST ), Aaron's, Inc. ( AAN ) and Advance Auto Parts Inc. ( AAP ). Click to get this free report FASTENAL (FAST): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report BEACON ROOFING (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. The roofing material distributor will continue to benefit from its greenfield investment strategy and balance sheet strength, while conservative outlook and pricing pressure remain areas of concern.
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9393.0
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2014-07-09 00:00:00 UTC
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Walmart Backs U.S. Manufacturing Sector, to Host Open Call - Analyst Blog
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https://www.nasdaq.com/articles/walmart-backs-u.s.-manufacturing-sector-to-host-open-call-analyst-blog-2014-07-09
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Retail giant Wal-Mart Stores, Inc. ( WMT ) is about to host an 'Open Call' event today where it has invited more than 500 American manufacturers and suppliers to pitch products in the country. This marks a step forward for Walmart, which encourages domestic sourcing of products and sells them thereafter.
During the open call, suppliers will meet with the company's senior leaders and merchants to sell their 'Made in USA' products at affordable prices through Walmart's stores, clubs and online. Walmart's increasing purchases will thereby support American jobs.
Being the largest private employer in the U.S., Walmart took an initiative in late-Jan 2013 to contribute to the revitalization of the sluggish U.S. economy and intended to spend $50 billion in the next 10 years to buy more American merchandise. (Read: Walmart Leads Drive to Create Jobs ). Walmart now plans to invest $250 billion cumulatively over the next 10 years, which will create one million jobs, including the jobs in manufacturing and related services.
Walmart believes that the majority of the companies in the U.S. have been facing macroeconomic headwinds for a long time. Moreover, input costs overseas are very high, which limit U.S. companies to produce goods outside the U.S. Wal-Mart has been struggling with its revenues and profits since the past few quarters. The company is therefore seeking new ways to boost revenue amid macro-economic headwinds like budget-strained customers, reductions in government benefits, higher taxes, tighter credit and higher group healthcare costs.
According to data from Walmart's suppliers, two-third of the products imported by Walmart can be made, sourced, assembled or grown in America. Walmart, therefore, plans to focus on buying more U.S.-manufactured products like sporting goods, fashion basics, storage products, and games and paper products, which will not only boost its domestic revenues but will also contribute to the revival of the sluggish U.S. economy.
The commitment to increase domestic sourcing of the products it sells and create jobs shows Walmart's dedication to find innovative solutions to fix the economy. Walmart currently carries a Zacks Rank #4 (Sell).
Better-ranked retailers include The Kroger Co. ( KR ), Conn's Inc. ( CONN ) and Aaron's Inc. ( AAN ), all of which hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WAL-MART STORES (WMT): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked retailers include The Kroger Co. ( KR ), Conn's Inc. ( CONN ) and Aaron's Inc. ( AAN ), all of which hold a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. During the open call, suppliers will meet with the company's senior leaders and merchants to sell their 'Made in USA' products at affordable prices through Walmart's stores, clubs and online.
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Better-ranked retailers include The Kroger Co. ( KR ), Conn's Inc. ( CONN ) and Aaron's Inc. ( AAN ), all of which hold a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked retailers include The Kroger Co. ( KR ), Conn's Inc. ( CONN ) and Aaron's Inc. ( AAN ), all of which hold a Zacks Rank #2 (Buy). Walmart, therefore, plans to focus on buying more U.S.-manufactured products like sporting goods, fashion basics, storage products, and games and paper products, which will not only boost its domestic revenues but will also contribute to the revival of the sluggish U.S. economy.
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Better-ranked retailers include The Kroger Co. ( KR ), Conn's Inc. ( CONN ) and Aaron's Inc. ( AAN ), all of which hold a Zacks Rank #2 (Buy). Click to get this free report WAL-MART STORES (WMT): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. This marks a step forward for Walmart, which encourages domestic sourcing of products and sells them thereafter.
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2014-07-09 00:00:00 UTC
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Will Rent-A-Center Find a Growth Path? - Analyst Blog
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https://www.nasdaq.com/articles/will-rent-a-center-find-a-growth-path-analyst-blog-2014-07-09
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On Jul 7, 2014 we issued an updated research report on Rent-A-Center, Inc . ( RCII ).
Rent-A-Center, Inc. is the largest rent-to-own operator in the U.S. offering durable goods such as consumer electronics, appliances, computers, furniture and accessories. Of late, the company has been disappointing on the earnings front, resulting in an 11.1% decline in stock price year to date.
In the trailing four quarters, the company has missed the Zacks Consensus Estimate by an average of 17.3%.
Though, in the first quarter of 2014 the company delivered a positive earnings surprise of 3.6% its earnings slid 27.8% year-over-year. On the other hand, total revenue grew 1.8% but fell short of the Zacks Consensus Estimate. Higher revenues from the Acceptance Now and Mexico segments were partly offset by a decline in the Core U.S. segment.
The company has been struggling with declining sales at its Core U.S segment for some time now. In the first quarter, revenue from the segment declined 5.6% to $634.7 million. Moreover, margins continue to be under pressure due to higher rentals and fees costs as well as salaries and other expenses. Rent-A-Center's operating profit declined 24.1% to $59.7 million, whereas operating profit margin contracted 240 basis points to 7.2%.
Going forward, the soft economic recovery is likely to add to its woes as customers may become reluctant to enter new rental-purchase deals. In addition, seasonality of business and intense competition remain causes of concern.
However, Rent-A-Center has strategic initiatives in place to turnaround it performance. The company is taking prudent steps to optimize rental merchandise levels in accordance with sales trends. Rent-A-Center implemented a centralized inventory management system, including automated merchandise replenishment.
Also, the company's new business model called Acceptance Now is gaining traction as it enhances consumers' shopping experience. When the consumer is denied credit financing for a particular product from the retailer, Rent-A-Center under its Acceptance Now program acquires that product from the retailer and offers it to the consumer under a rental-purchase transaction. Revenue from the Acceptance Now business surged 37% during the first quarter.
The company's large geographic reach facilitates effective penetration in target markets and achieving a cutting edge over its rivals.
Currently, Rent-A-Center has a Zacks Rank #3 (Hold).
Key Picks from the Sector
Other better-ranked retail stocks worth consideration include AerCap Holdings N.V. ( AER ), AeroCentury Corp. ( ACY ) and Aaron's, Inc. ( AAN ). AerCap Holdings and AeroCentury sport a Zacks Rank #1 (Strong Buy) whereas Aaron's has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RENT-A-CENTER (RCII): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Get Free Report
AERCAP HLDGS NV (AER): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks from the Sector Other better-ranked retail stocks worth consideration include AerCap Holdings N.V. ( AER ), AeroCentury Corp. ( ACY ) and Aaron's, Inc. ( AAN ). Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center, Inc. is the largest rent-to-own operator in the U.S. offering durable goods such as consumer electronics, appliances, computers, furniture and accessories.
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Key Picks from the Sector Other better-ranked retail stocks worth consideration include AerCap Holdings N.V. ( AER ), AeroCentury Corp. ( ACY ) and Aaron's, Inc. ( AAN ). Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center's operating profit declined 24.1% to $59.7 million, whereas operating profit margin contracted 240 basis points to 7.2%.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Other better-ranked retail stocks worth consideration include AerCap Holdings N.V. ( AER ), AeroCentury Corp. ( ACY ) and Aaron's, Inc. ( AAN ). When the consumer is denied credit financing for a particular product from the retailer, Rent-A-Center under its Acceptance Now program acquires that product from the retailer and offers it to the consumer under a rental-purchase transaction.
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Click to get this free report RENT-A-CENTER (RCII): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report AERCAP HLDGS NV (AER): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Other better-ranked retail stocks worth consideration include AerCap Holdings N.V. ( AER ), AeroCentury Corp. ( ACY ) and Aaron's, Inc. ( AAN ). In the first quarter, revenue from the segment declined 5.6% to $634.7 million.
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9395.0
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2014-07-03 00:00:00 UTC
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Conn's Upgraded to Strong Buy on Robust Q1 Earnings - Analyst Blog
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https://www.nasdaq.com/articles/conns-upgraded-to-strong-buy-on-robust-q1-earnings-analyst-blog-2014-07-03
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Zacks Investment Research upgraded Conn's Inc. ( CONN ) to a Zacks Rank #1 (Strong Buy) on Jul 3 based on strong first quarter earnings due to which analyst estimates have been on the rise.
Why the Upgrade?
The current optimism surrounding the stock is mainly attributable to better-than-expected first quarter results and impressive fiscal 2015 outlook. Consequently, the Zacks Consensus Estimate for fiscal 2015 has increased 2.2% to $3.65 per share in the past 30 days.
Conn's first quarter adjusted earnings of 80 cents per share were significantly higher than the year-ago quarter earnings of 61 cents and it also exceeded the Zacks Consensus Estimate of 73 cents per share. In fact, in the last ten quarters, the company beat the consensus estimates seven times, missed it on two occasions and reported in line results in one quarter. The strong earnings growth was driven by higher top-line growth boosted by strong consumer demand for home appliances, furniture and mattresses as well as consumer electronics.
Conn's net sales of $335.4 million beat the Zacks Consensus Estimate of $325 million by 3.2% and climbed 33.6% year over year. Sales were driven by a gain of 32.6% in the Retail segment and a 38.9% increase in the Credit segment. Same store sales increased 15.6% primarily benefiting from the company's focus on expanding product offerings and store base.
Further, the company remains optimistic about achieving its profit target for fiscal 2015 and therefore, duringearnings call reiterated its earnings guidance range. It continues to expect earnings in the range of $3.40-$3.70 per share in the fiscal while diluted share outstanding will be approximately 37.4 million.
We believe that Conn's will continue to perform well, given its growth initiatives, which include expansion of its store base and incorporation of technological advancements to better serve its patrons. The company leverages a wide network of stores to effectively penetrate into its target markets, which consequently enable it to generate healthy sales and gain market share.
Other Stocks to Consider
Other better-ranked stocks in the retail sector include Kirkland's Inc. ( KIRK ), Aaron's Inc. ( AAN ) and Restoration Hardware Holdings, Inc. ( RH ). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
KIRKLANDS INC (KIRK): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Other better-ranked stocks in the retail sector include Kirkland's Inc. ( KIRK ), Aaron's Inc. ( AAN ) and Restoration Hardware Holdings, Inc. ( RH ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report KIRKLANDS INC (KIRK): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. The current optimism surrounding the stock is mainly attributable to better-than-expected first quarter results and impressive fiscal 2015 outlook.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report KIRKLANDS INC (KIRK): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other better-ranked stocks in the retail sector include Kirkland's Inc. ( KIRK ), Aaron's Inc. ( AAN ) and Restoration Hardware Holdings, Inc. ( RH ). Zacks Investment Research upgraded Conn's Inc. ( CONN ) to a Zacks Rank #1 (Strong Buy) on Jul 3 based on strong first quarter earnings due to which analyst estimates have been on the rise.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report KIRKLANDS INC (KIRK): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other better-ranked stocks in the retail sector include Kirkland's Inc. ( KIRK ), Aaron's Inc. ( AAN ) and Restoration Hardware Holdings, Inc. ( RH ). Zacks Investment Research upgraded Conn's Inc. ( CONN ) to a Zacks Rank #1 (Strong Buy) on Jul 3 based on strong first quarter earnings due to which analyst estimates have been on the rise.
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Other Stocks to Consider Other better-ranked stocks in the retail sector include Kirkland's Inc. ( KIRK ), Aaron's Inc. ( AAN ) and Restoration Hardware Holdings, Inc. ( RH ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report KIRKLANDS INC (KIRK): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research upgraded Conn's Inc. ( CONN ) to a Zacks Rank #1 (Strong Buy) on Jul 3 based on strong first quarter earnings due to which analyst estimates have been on the rise.
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9396.0
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2014-06-25 00:00:00 UTC
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Diamond Hill Select Fund Commentary - First Quarter 2014
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https://www.nasdaq.com/articles/diamond-hill-select-fund-commentary-first-quarter-2014-2014-06-25
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The Fund increased 3.08% (Class I) during the quarter, compared to a 1.97% increase in the Russell 3000 Index.
During the quarter, the Fund's holdings in the health care, information technology, and industrials sectors provided the largest contribution to absolute return. Holdings in the financials sector detracted from return.
The Fund's outperformance relative to the Russell 3000 Index was primarily driven by security selection in the health care, energy, and industrials sectors. Security selection in the financials sector was the primary detractor from relative return.
Best Performers
* Generic drug manufacturer Teva Pharmaceutical Industries Ltd. ( TEVA ) benefitted from the addition of a well-respected CEO and the continued successful transition of patients to a new, patent-protected version of the company's multiple sclerosis drug.
Diamond Hill Capital Undervalued Stocks
Diamond Hill Capital Top Growth Companies
Diamond Hill Capital High Yield stocks
Diamond Hill Capital Undervalued Stocks
Diamond Hill Capital Top Growth Companies
Diamond Hill Capital High Yield stocks
Diamond Hill Capital Undervalued Stocks
Diamond Hill Capital Top Growth Companies
Diamond Hill Capital High Yield stocks
Diamond Hill Capital Undervalued Stocks
Diamond Hill Capital Top Growth Companies
Diamond Hill Capital High Yield stocks
Diamond Hill Capital Undervalued Stocks
Diamond Hill Capital Top Growth Companies
Diamond Hill Capital High Yield stocks
* Shares of Southwest Airlines Co. ( LUV ) increased as a result of strong revenue trends and moderating non-fuel costs which led to significant margin expansion.
* Medical device manufacturer Boston Scientific Corp. ( BSX ) benefitted from continued revenue acceleration and the launch of a new high margin stent with the potential for sizeable share gains.
* Oil and gas exploration and production company Cimarex Energy Co. ( XEC ) outperformed reflecting stronger commodity prices and an improving growth outlook based on favorable results in the Delaware Basin.
* Household durables company Whirlpool Corp. ( WHR ) reported strong quarterly results driven by the North America division and Brazil. The company continues to benefit from volume growth and margin expansion.
Worst Performers
* Shares of investment manager Fortress Investment Group LLC declined during the quarter as Nationstar Mortgage Holdings, Inc. ( NSM ), one of the firm's larger private equity holdings, performed poorly. In addition, the firm's macro hedge fund has experienced disappointing near-term results.
* Rental and leasing services company Aaron's, Inc. ( AAN ) declined due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the company's earnings outlook.
* Banking and financial services provider Citigroup, Inc. ( C ) continues to deal with litigation issues and a sluggish trading environment. The company's request to increase capital return to shareholders was denied during the most recent regulatory assessment. Despite these challenges, the company continues to improve its earnings potential and balance sheet.
* Shares of oil and gas exploration and production company Apache Corp. ( APA ) responded to the company's weakened competitive position relative to the domestic oil and gas industry.
* Property and casualty insurer Endurance Specialty Holdings Ltd. (ENH) reported higher than expected crop losses due to the cold weather and a decline in corn pricing. In addition, expenses continued to increase as a result of the reorganization initiated by new CEO John Charman. Over the next five years, we believe these changes will position Endurance for significant growth in premiums.
New Positions
We initiated new positions in several securities during the quarter. Brown & Brown, Inc. (BRO) is a mid-sized insurance broker. We view the insurance brokerage industry as highly attractive with good secular growth prospects, low capital requirements, and the ability to generate high free cash flow. In addition, the management team has been successful purchasing smaller brokers and operating within a highly decentralized business model. Investor skepticism related to recent large acquisitions, which we believe will prove unfounded, created an attractive valuation.
Oil and gas exploration and production company EOG Resources, Inc. (EOG) is positioned to generate strong production growth over the next five years and benefits from domestic exposure to productive shale oil acreage.
Global pharmaceutical company GlaxoSmithKline PLC (GSK) has several attractive franchises and pipeline drug candidates that have the potential to add significant value.
Tobacco product manufacturer Philip Morris International, Inc. (PM) is the world's second largest tobacco company and owns half of the leading international cigarette brands. The strength of the product portfolio enables the firm to be the price leader in many geographies.
Household durables company Whirlpool Corp. ( WHR ) benefits from the normalization of domestic demand and increased penetration of home appliances in developing markets.
Eliminated Positions
We eliminated our positions in Southwest Airlines Co. (LUV) and medical device manufacturer Medtronic, Inc. (MDT) as these companies' share prices approached our estimates of intrinsic value. We sold rental and leasing services company Aaron's, Inc. ( AAN ) due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the earnings outlook. We sold our position in investment manager Fortress Investment Group LLC (FIG) to redeploy funds toward other opportunities where we have a higher degree of confidence. We also eliminated oil and gas exploration and production companies Apache Corp. ( APA ) and Occidental Petroleum Corp. (OXY) and reinvested the proceeds into other opportunities that presented a larger discount to our estimate of intrinsic value. We closed our position in drug manufacturer Forest Laboratories, Inc. (FRX) as the market reacted positively to the news that Actavis, Inc. PLC would buy Forest Laboratories at a significant premium, and the share price approached our estimate of intrinsic value.
PORTFOLIO MANAGEMENT
Austin Hawley, CFA
Portfolio Manager
Rick Snowdon, CFA
Portfolio Manager
Risk Disclosure:
Because this Fund expects to hold a concentrated portfolio of a limited number of securities, a decline in the value of these investments would cause the Fund's value to decline to a greater degree than a less concentrated portfolio. There are specialized risks associated with small capitalization issues, such as market illiquidity and greater market volatility, than large capitalization issues.
The views expressed are those of the portfolio managers as of March 31, 2014, are subject to change and may differ from the views of other portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The Fund's current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days, at diamond-hill.com.
Performance returns assume reinvestment of all distributions. Returns for periods less than one year are not annualized. Class Y shares include Class A share performance achieved prior to the creation of Class Y shares. These total return figures may reflect the waiver of a portion of a Fund's advisory or administrative fees for certain periods. Without such waiver of fees, the total returns would have been lower. The total return figures reflect the maximum sales charge applicable to each class. The maximum sales charge for A shares is 5.00%; C shares have a maximum contingent deferred sales charge of (CDSC) of 1.00% for redemptions with the first year of purchase; I shares and Y shares have no sales charge.
Fund holdings subject to change without notice.
The Russell 3000 is an unmanaged market capitalization-weighted index comprised of the 3,000 largest U.S. companies by total market capitalization. This index does not incur fees and expenses (which would lower the return) and is not available for direct investment.
An investor should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing or sending any money. This and other important information about the Fund(s) can be found in the Fund's(s) prospectus or summary prospectus which can be obtained at diamond-hill.com or by calling 888.226.5595.
Please read the prospectus or summary prospectus carefully before investing. The Diamond Hill Funds are distributed by BHIL Distributors, Inc. (Member FINRA), an affiliated company. Diamond Hill Capital (Trades, Portfolio) Management, Inc., a registered investment adviser, serves as Investment Adviser to the Diamond Hill Funds and is paid a fee for its services. Like all mutual funds, Diamond Hill Funds are not FDIC insured, may lose value, and have no bank guarantee. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We sold rental and leasing services company Aaron's, Inc. ( AAN ) due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the earnings outlook. * Rental and leasing services company Aaron's, Inc. ( AAN ) declined due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the company's earnings outlook. * Oil and gas exploration and production company Cimarex Energy Co. ( XEC ) outperformed reflecting stronger commodity prices and an improving growth outlook based on favorable results in the Delaware Basin.
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* Rental and leasing services company Aaron's, Inc. ( AAN ) declined due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the company's earnings outlook. We sold rental and leasing services company Aaron's, Inc. ( AAN ) due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the earnings outlook. Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks * Shares of Southwest Airlines Co. ( LUV ) increased as a result of strong revenue trends and moderating non-fuel costs which led to significant margin expansion.
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* Rental and leasing services company Aaron's, Inc. ( AAN ) declined due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the company's earnings outlook. We sold rental and leasing services company Aaron's, Inc. ( AAN ) due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the earnings outlook. Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks * Shares of Southwest Airlines Co. ( LUV ) increased as a result of strong revenue trends and moderating non-fuel costs which led to significant margin expansion.
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* Rental and leasing services company Aaron's, Inc. ( AAN ) declined due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the company's earnings outlook. We sold rental and leasing services company Aaron's, Inc. ( AAN ) due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the earnings outlook. Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks Diamond Hill Capital Undervalued Stocks Diamond Hill Capital Top Growth Companies Diamond Hill Capital High Yield stocks * Shares of Southwest Airlines Co. ( LUV ) increased as a result of strong revenue trends and moderating non-fuel costs which led to significant margin expansion.
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9397.0
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2014-06-24 00:00:00 UTC
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Big Lots Maintains Sheen, Hits 52-Week High - Analyst Blog
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https://www.nasdaq.com/articles/big-lots-maintains-sheen-hits-52-week-high-analyst-blog-2014-06-24
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Big Lots Inc. ( BIG ) seems to be on a roll as its shares have been gaining traction since reporting better-than-expected first-quarter fiscal 2014 results on May 30, 2014. The stock has jumped 6.8% since.
Quarterly earnings from continuing U.S. operations came in at 50 cents per share, ahead of the Zacks Consensus Estimate of 44 cents per share. Net sales of the company nudged up 1.1% year over year to $1,281.3 million, surpassing the Zacks Consensus Estimate of $1,267.0 million.
The company also posted positive comps after 8 consecutive quarters of negative comps. Comps for the quarter were up 0.9%.
Big Lots' initiatives to pull back from the unprofitable Canadian markets, shut underperforming locations and expand into high-growth avenues worked in its favor as reflected by the better quarterly performance and renewed investor interest in the stock.
Management also provided guidance for a higher operating cash flow of $170 million for 2014 as against $165 million expected earlier.
Alongside, Big Lots is focusing on the furniture financing program as well as on the food and consumables category as both continue to gain momentum. The furniture business is likely to be extended to most of the stores (1,300 stores or 85% of the total store count) as it has experienced high single to low double-digit increases continually over the past quarters, which makes it a profitable option.
Going forward, it also intends to concentrate more on developing its e-commerce and omni-channel capacities. We believe that other initiatives undertaken by Big Lots, such as store remodeling, changes in its loyalty reward program, and the 'Edit to Amplify' merchandising strategy will fuel further growth.
The company's impressive results and its strong fundamentals helped shares reach a 52-week high of $46.06 on Jun 23, amassing a significant year-to-date return of 60.2% and boosting investors' spirit.
Big Lots has long-term earnings growth expectation of 14.8%, which is relatively better than the peer group average of 14.5%. Additionally, the last traded price is 6.5% below the Zacks Consensus average analyst price target of $48.46, leaving further room for upside potential for this Zacks Rank #3 (Hold) stock.
Apart from Big Lots, other stocks like Aaron's, Inc. ( AAN ), Constellation Brands Inc. ( STZ ) and Hanesbrands Inc. ( HBI ) reached new 52-week highs of $35.45, $88.50 and $85.61 respectively, on Jun 23, 2014.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apart from Big Lots, other stocks like Aaron's, Inc. ( AAN ), Constellation Brands Inc. ( STZ ) and Hanesbrands Inc. ( HBI ) reached new 52-week highs of $35.45, $88.50 and $85.61 respectively, on Jun 23, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Big Lots' initiatives to pull back from the unprofitable Canadian markets, shut underperforming locations and expand into high-growth avenues worked in its favor as reflected by the better quarterly performance and renewed investor interest in the stock.
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Apart from Big Lots, other stocks like Aaron's, Inc. ( AAN ), Constellation Brands Inc. ( STZ ) and Hanesbrands Inc. ( HBI ) reached new 52-week highs of $35.45, $88.50 and $85.61 respectively, on Jun 23, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Quarterly earnings from continuing U.S. operations came in at 50 cents per share, ahead of the Zacks Consensus Estimate of 44 cents per share.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from Big Lots, other stocks like Aaron's, Inc. ( AAN ), Constellation Brands Inc. ( STZ ) and Hanesbrands Inc. ( HBI ) reached new 52-week highs of $35.45, $88.50 and $85.61 respectively, on Jun 23, 2014. Big Lots' initiatives to pull back from the unprofitable Canadian markets, shut underperforming locations and expand into high-growth avenues worked in its favor as reflected by the better quarterly performance and renewed investor interest in the stock.
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Apart from Big Lots, other stocks like Aaron's, Inc. ( AAN ), Constellation Brands Inc. ( STZ ) and Hanesbrands Inc. ( HBI ) reached new 52-week highs of $35.45, $88.50 and $85.61 respectively, on Jun 23, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report To read this article on Zacks.com click here. Big Lots Inc. ( BIG ) seems to be on a roll as its shares have been gaining traction since reporting better-than-expected first-quarter fiscal 2014 results on May 30, 2014.
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9398.0
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2014-06-19 00:00:00 UTC
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Spectrum Brands Rallies, Hits 52-Week High - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/spectrum-brands-rallies-hits-52-week-high-analyst-blog-2014-06-19
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nan
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nan
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Shares of Spectrum Brands Holdings Inc. ( SPB ) continue to rally on the index as the stock price hit a new 52-week high of $82.65 yesterday, before closing a notch lower at $81.04. Moreover, the stock has amassed a year-to-date return of 15.7%.
The company has been riding high on its innovative product designs, strong second-quarter fiscal 2014 performance, focus on rewarding shareholders and efforts to drive long-term growth.
Early this year, the company unveiled products with the latest technologies and key innovations from its Black + Decker, George Foreman and Remington brands at the 2014 International Home + Housewares Show. Further, the company's Baldwin brand launched the new and contemporary Santa Monica collection at the 13th Annual Architectural Digest Home Design Show in Apr 2014.
Moreover, Spectrum Brands' emphasis on expansions and acquisitions in order to drive long-term growth has always appealed to investors. Recently, the company ventured into a new product line with the acquisition of leading animal repellents company, The Liquid Fence Company Inc.
Investor optimism also surrounds the company's second-quarter results, reported in May, wherein earnings per share surged 63.6% year over year and net sales recorded 3.4% growth. On an average, the stock has delivered a positive earnings surprise of roughly 7.5% over the last 7 quarters. The company also has long-term EPS growth of 16%, greater than the peer group growth rate of 10.9%.
This Zacks Rank #3 (Hold) stock also remains focused on boosting shareholders' value, as evident from its announcement of a 20% hike in quarterly dividend to 30 cents a share in Apr 2014. This further underscores the company's sound financial position.
Other than Spectrum Brands, Aaron's, Inc. ( AAN ), Restoration Hardware Holdings, Inc. ( RH ) and Constellation Brands Inc. ( STZ ) also reached 52-week high of $34.95, $87.95 and $85.99 respectively, on Jun 18, 2014.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
SPECTRUM BRANDS (SPB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other than Spectrum Brands, Aaron's, Inc. ( AAN ), Restoration Hardware Holdings, Inc. ( RH ) and Constellation Brands Inc. ( STZ ) also reached 52-week high of $34.95, $87.95 and $85.99 respectively, on Jun 18, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report SPECTRUM BRANDS (SPB): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Spectrum Brands Holdings Inc. ( SPB ) continue to rally on the index as the stock price hit a new 52-week high of $82.65 yesterday, before closing a notch lower at $81.04.
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Other than Spectrum Brands, Aaron's, Inc. ( AAN ), Restoration Hardware Holdings, Inc. ( RH ) and Constellation Brands Inc. ( STZ ) also reached 52-week high of $34.95, $87.95 and $85.99 respectively, on Jun 18, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report SPECTRUM BRANDS (SPB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report SPECTRUM BRANDS (SPB): Free Stock Analysis Report To read this article on Zacks.com click here. Other than Spectrum Brands, Aaron's, Inc. ( AAN ), Restoration Hardware Holdings, Inc. ( RH ) and Constellation Brands Inc. ( STZ ) also reached 52-week high of $34.95, $87.95 and $85.99 respectively, on Jun 18, 2014. Recently, the company ventured into a new product line with the acquisition of leading animal repellents company, The Liquid Fence Company Inc. Investor optimism also surrounds the company's second-quarter results, reported in May, wherein earnings per share surged 63.6% year over year and net sales recorded 3.4% growth.
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Other than Spectrum Brands, Aaron's, Inc. ( AAN ), Restoration Hardware Holdings, Inc. ( RH ) and Constellation Brands Inc. ( STZ ) also reached 52-week high of $34.95, $87.95 and $85.99 respectively, on Jun 18, 2014. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report SPECTRUM BRANDS (SPB): Free Stock Analysis Report To read this article on Zacks.com click here. The company has been riding high on its innovative product designs, strong second-quarter fiscal 2014 performance, focus on rewarding shareholders and efforts to drive long-term growth.
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9399.0
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2014-06-17 00:00:00 UTC
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Upgraded Research Report on Big Lots - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/upgraded-research-report-on-big-lots-analyst-blog-2014-06-17
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nan
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nan
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On Jun 13, 2014, we issued an updated research report on Big Lots Inc. ( BIG ).
The company recently posted better-than-expected first-quarter fiscal 2014 earnings of $0.50 per share. The earnings came ahead of the Zacks Consensus Estimate of $0.44 but fell 28.6% year over year.
Moreover, the company's top line climbed 1.1% year over year to $1,281.3 million, surpassing the Zacks Consensus Estimate of $1,267.0 million. The company also posted positive comps after 8 consecutive quarters of negative comps. Comps for the quarter were up 0.9%.
Big Lots is focusing on the furniture financing program as well as on the food and consumables category as both continue to gain traction. The furniture business is likely to be extended to most of the stores (1,300 stores or 85% of the total store count) as it has experienced high single to low double-digit increases continually over the past quarters, which makes it a profitable option.
Also, the company's exit from its unprofitable Canadian operations is likely to be a favorable move. Big Lots pulled out of Canada in first-quarter fiscal 2014 and reported the operation as "discontinued".
This will enable the company to concentrate more on other areas such as developing its e-commerce and omni-channel capacities. We believe that other initiatives undertaken by Big Lots such as store remodeling, changes in its loyalty reward program, and the 'Edit to Amplify' merchandising strategy will fuel further growth.
However, lingering macroeconomic headwinds and sluggish discretionary spending might run down all its turnaround activities. Stiff competition adds to the woes of the company, compelling us to be on the sidelines.
Big Lots currently has a Zacks Rank #3 (Hold).
Key Picks from the Sector
Some better-ranked retail stocks worth investing in include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Build-A-Bear Workshop Inc. ( BBW ), each carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AARONS INC (AAN): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
BUILD-A-BEAR WK (BBW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks from the Sector Some better-ranked retail stocks worth investing in include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Build-A-Bear Workshop Inc. ( BBW ), each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Big Lots is focusing on the furniture financing program as well as on the food and consumables category as both continue to gain traction.
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Key Picks from the Sector Some better-ranked retail stocks worth investing in include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Build-A-Bear Workshop Inc. ( BBW ), each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Some better-ranked retail stocks worth investing in include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Build-A-Bear Workshop Inc. ( BBW ), each carrying a Zacks Rank #1 (Strong Buy). Moreover, the company's top line climbed 1.1% year over year to $1,281.3 million, surpassing the Zacks Consensus Estimate of $1,267.0 million.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks from the Sector Some better-ranked retail stocks worth investing in include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Build-A-Bear Workshop Inc. ( BBW ), each carrying a Zacks Rank #1 (Strong Buy). Big Lots pulled out of Canada in first-quarter fiscal 2014 and reported the operation as "discontinued".
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