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9400.0
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2014-06-16 00:00:00 UTC
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GNC Holdings (GNC) Falls: Stock Goes Down 5.5% - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/gnc-holdings-gnc-falls%3A-stock-goes-down-5.5-tale-of-the-tape-2014-06-16
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nan
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nan
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GNC Holdings Inc. ( GNC ) saw a big move last session, as the company's shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GNC, as the stock is now down around 8% in the past one-month time frame.
The specialty retailer of health and wellness products has seen a flat track record when it comes to current year estimate revisions over the past few weeks. However, the current year earnings consensus has moved higher over the past few weeks. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
GNC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the Retail-Wholesale sector include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Herbalife Ltd. ( HLF ). 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 >>
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
GNC HOLDINGS (GNC): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
HERBALIFE LTD (HLF): 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.
|
Some better-ranked stocks in the Retail-Wholesale sector include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Herbalife Ltd. ( HLF ). Click to get this free report GNC HOLDINGS (GNC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on pretty good volume too with far more shares changing hands than in a normal session.
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Some better-ranked stocks in the Retail-Wholesale sector include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Herbalife Ltd. ( HLF ). Click to get this free report GNC HOLDINGS (GNC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HERBALIFE LTD (HLF): 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 GNC HOLDINGS (GNC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Retail-Wholesale sector include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Herbalife Ltd. ( HLF ). GNC Holdings Inc. ( GNC ) saw a big move last session, as the company's shares fell by nearly 6% on the day.
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Some better-ranked stocks in the Retail-Wholesale sector include Aaron's, Inc. ( AAN ), Citi Trends, Inc. ( CTRN ) and Herbalife Ltd. ( HLF ). Click to get this free report GNC HOLDINGS (GNC): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report To read this article on Zacks.com click here. GNC Holdings Inc. ( GNC ) saw a big move last session, as the company's shares fell by nearly 6% on the day.
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e8eee24f-463c-4f1d-88ab-9573541f467f
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9401.0
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2014-06-16 00:00:00 UTC
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Updated Research Report on Lowe's - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/updated-research-report-on-lowes-analyst-blog-2014-06-16
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nan
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nan
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On Jun 12, 2014 we issued an updated research report on Lowe's Companies Inc. ( LOW ) following the company's first-quarter fiscal 2014 earnings results.
Lowe's posted lower-than-expected results in spite of a year-over-year rise. Unfavorable weather conditions were mainly to be blamed for this weak performance. Excluding the tax-related benefit and charges, Lowe's earnings came in at 58 cents per share, up 18.6% year over year but below the Zacks Consensus Estimate of 61 cents per share.
Lowe's witnessed a 2.4% rise in total revenue to $13,403 million but fell short of the Zacks Consensus Estimate of $13,875 million.
Moreover, Lowe's reaffirmed its fiscal 2014 sales outlook while raising its earnings guidance. The company continues to expect its sales and comparable-store sales to register year-over-year growth of approximately 5% and 4%, respectively, whereas it anticipates its earnings for fiscal 2014 to be approximately $2.63 per share compared with the earlier guidance of $2.60 per share.
Additionally, Lowe's efforts to expand in high-growth markets to improve sales and profitability are impressive. The company's decision of closing its underperforming stores along with its strategy of enhancing customers' shopping experience and merchandising transformation is likely to help generate incremental sales. The company has reset product differentiation in 1,400 stores and expects to extend it to the remaining stores by the first half of fiscal 2014.
A special mention for the ProServices business that excelled in the quarter and is expected to perform consistently well going forward. Further, the company has introduced its 'Outdoor Living Experience' section in some of the outlets to help customers find necessary products to construct their entire outdoor room under one roof. Moreover, the company's sustained focus on price management and addition of extra labor hours will help boost its market share.
The company's strong liquidity positions it well for future growth and enhancement of shareholder return.
However, the mixed recovery signals from the housing market are discouraging. A severe winter froze its growth prospects during the initial part of the year. Nevertheless, with the improvement of weather, key growth indicators like employment, income and consumer spending have recently begun to recover.
Meanwhile, declining home sales in the last couple of months do not give positive signals. Despite this, management remains upbeat about recovery in the coming months owing to the expectation of a stronger job market and growth in income as well as an improvement in credit conditions. We remain skeptical about the stock as recovery appears to be a time-consuming affair.
Currently, Lowe's carries a Zacks Rank #3 (Hold).
Key Picks from the Sector
Better-ranked stocks worth investment in the retail sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Citi Trends, Inc. ( CTRN ). 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
LOWES COS (LOW): Free Stock Analysis Report
AARONS INC (AAN): 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.
|
Key Picks from the Sector Better-ranked stocks worth investment in the retail sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Citi Trends, Inc. ( CTRN ). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): 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. The company's decision of closing its underperforming stores along with its strategy of enhancing customers' shopping experience and merchandising transformation is likely to help generate incremental sales.
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Key Picks from the Sector Better-ranked stocks worth investment in the retail sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Citi Trends, Inc. ( CTRN ). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): 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. On Jun 12, 2014 we issued an updated research report on Lowe's Companies Inc. ( LOW ) following the company's first-quarter fiscal 2014 earnings results.
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Click to get this free report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): 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 Better-ranked stocks worth investment in the retail sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Citi Trends, Inc. ( CTRN ). On Jun 12, 2014 we issued an updated research report on Lowe's Companies Inc. ( LOW ) following the company's first-quarter fiscal 2014 earnings results.
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Key Picks from the Sector Better-ranked stocks worth investment in the retail sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Citi Trends, Inc. ( CTRN ). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report AARONS INC (AAN): 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. On Jun 12, 2014 we issued an updated research report on Lowe's Companies Inc. ( LOW ) following the company's first-quarter fiscal 2014 earnings results.
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49384cf1-ee13-488a-a74f-4816aafb3b30
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9402.0
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2014-06-13 00:00:00 UTC
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Anheuser-Busch and MillerCoors List Beer Components - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/anheuser-busch-and-millercoors-list-beer-components-analyst-blog-2014-06-13
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nan
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nan
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According to associated press reporter, Anheuser-Busch InBev SA/NV ( BUD ) and MillerCoors decided to post the ingredients of their respective beer brands namely, Budweiser and Miller Lite, online on being coerced by a food blogger.
Anheuser-Busch and MillerCoors had to take this step yesterday as food blogger Vani Hari had petitioned on FoodBabe.com, demanding to know the key ingredients of these major brewers.
Following her petition, Anheuser-Busch listed the ingredients for 2 of its best-selling brands Budweiser, the official sponsor of the FIFA World Cup 2014, and Bud Light on its website tapintoyourbeer.com. The identical constituents of both the beers were water, rice, yeast, barley malt and hops.
Likewise, MillerCoors also unveiled the components of many of its brands like Coors Light, Miller Lite and 6 other brands on its Facebook, Inc. ( FB ) page. The ingredients of this brand are the same as those of Budweiser and Bud Light, with the exception of rice being replaced with corn.
Both companies stated that although they are not legally bound to reveal the ingredients, they were willingly complying to respect their customers' request. Further, they plan to enlist the ingredients of other brands as well in the near future. Other brands of Anheuser-Busch include Busch, Beck's and Michelob beers, while those of MillerCoors include Redd's Apple Ale and Peroni.
Vani Hari has gained immense recognition in the food industry and has pushed various other food companies to list their cooking secrets. In the past, Hari had pressurized the renowned sandwich chain, Subway, to eliminate a particular ingredient from its bread as it was used in making of yoga mats.
The online petition, filed 2 days ago, has received over 44,000 signatures till date. Anheuser-Busch representatives have invited the petitioner to visit its brewery in St. Louis with her family to physically check the beer manufacturing process.
While MillerCoors is a joint venture held by Molson Coors Brewing Co. and SABMiller PLC, Anheuser-Busch forms part of Anheuser-Busch InBev, which is the largest brewer in the world.
Anheuser-Busch currently carries a Zacks Rank #3 (Hold). However, other better-ranked stocks in the retail sector include Citi Trends, Inc. ( CTRN ) and Aaron's, Inc. ( AAN ), both holding 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
CITI TRENDS INC (CTRN): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
FACEBOOK INC-A (FB): 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.
|
However, other better-ranked stocks in the retail sector include Citi Trends, Inc. ( CTRN ) and Aaron's, Inc. ( AAN ), both holding a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report To read this article on Zacks.com click here. According to associated press reporter, Anheuser-Busch InBev SA/NV ( BUD ) and MillerCoors decided to post the ingredients of their respective beer brands namely, Budweiser and Miller Lite, online on being coerced by a food blogger.
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However, other better-ranked stocks in the retail sector include Citi Trends, Inc. ( CTRN ) and Aaron's, Inc. ( AAN ), both holding a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): 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 CITI TRENDS INC (CTRN): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report To read this article on Zacks.com click here. However, other better-ranked stocks in the retail sector include Citi Trends, Inc. ( CTRN ) and Aaron's, Inc. ( AAN ), both holding a Zacks Rank #1 (Strong Buy). According to associated press reporter, Anheuser-Busch InBev SA/NV ( BUD ) and MillerCoors decided to post the ingredients of their respective beer brands namely, Budweiser and Miller Lite, online on being coerced by a food blogger.
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However, other better-ranked stocks in the retail sector include Citi Trends, Inc. ( CTRN ) and Aaron's, Inc. ( AAN ), both holding a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report To read this article on Zacks.com click here. According to associated press reporter, Anheuser-Busch InBev SA/NV ( BUD ) and MillerCoors decided to post the ingredients of their respective beer brands namely, Budweiser and Miller Lite, online on being coerced by a food blogger.
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2df13292-9362-485f-98f8-ffe71b60ba9f
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9403.0
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2014-06-10 00:00:00 UTC
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Family Dollar Stores (FDO) in Focus: Stock Rises 13.4% - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/family-dollar-stores-fdo-in-focus%3A-stock-rises-13.4-tale-of-the-tape-2014-06-10
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nan
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nan
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Family Dollar Stores Inc. ( FDO ) was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up more than 22% since May 20.
The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday's jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
Family Dollar Stores currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the retail-wholesale sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Buffalo Wild Wings Inc. ( BWLD ). All of these 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 >>
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
FAMILY DOLLAR (FDO): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
BUILD-A-BEAR WK (BBW): Get Free 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.
|
However, some better-ranked stocks in the retail-wholesale sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Buffalo Wild Wings Inc. ( BWLD ). Click to get this free report FAMILY DOLLAR (FDO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Get Free Report To read this article on Zacks.com click here. Family Dollar Stores Inc. ( FDO ) was a big mover last session, as the company saw its shares rise over 13% on the day.
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Click to get this free report FAMILY DOLLAR (FDO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Get Free Report To read this article on Zacks.com click here. However, some better-ranked stocks in the retail-wholesale sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Buffalo Wild Wings Inc. ( BWLD ). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report FAMILY DOLLAR (FDO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Get Free Report To read this article on Zacks.com click here. However, some better-ranked stocks in the retail-wholesale sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Buffalo Wild Wings Inc. ( BWLD ). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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However, some better-ranked stocks in the retail-wholesale sector include Aaron's, Inc. ( AAN ), Build-A-Bear Workshop Inc. ( BBW ) and Buffalo Wild Wings Inc. ( BWLD ). Click to get this free report FAMILY DOLLAR (FDO): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report BUILD-A-BEAR WK (BBW): Get Free Report To read this article on Zacks.com click here. Family Dollar Stores Inc. ( FDO ) was a big mover last session, as the company saw its shares rise over 13% on the day.
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3dfd6722-caeb-46a7-b838-d83d5488dcb4
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9404.0
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2014-06-06 00:00:00 UTC
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Will Hertz (HTZ) Miss Earnings Estimates? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-hertz-htz-miss-earnings-estimates-analyst-blog-2014-06-06
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nan
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nan
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Hertz Global Holdings, Inc. ( HTZ ), one of the leading general-use car rental brands, is slated to report its first-quarter fiscal 2014 earnings on Jun 9. In the previous quarter, Hertz recorded a negative earnings surprise of 18.8%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
The company has been on track to implement strategies related to effective pricing and optimum use of technological resources. With continued innovations and product advancements, the company is likely to enhance efficiency, increase brand recognition, manage costs well and boost sales. However, the rental industry continues to be in a nascent stage of economic recovery. This, along with the Easter shift, makes us cautious about this quarter.
Earnings Whispers
Our proven model does not conclusively show that Hertz is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP (Expected Surprise Prediction) and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here as you will see below:
Zacks ESP: The Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently pegged at 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 9 cents.
Zacks Rank: Hertz carries a Zacks Rank #3 (Hold). Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Other Stocks to Consider
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:
Aaron's, Inc. ( AAN ), Earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy).
Five Below, Inc. ( FIVE ), Earnings ESP of +7.69% and a Zacks Rank #2 (Buy).
Fortune Brands Home & Security, Inc. ( FBHS ), Earnings ESP of +3.51% 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
AARONS INC (AAN): Free Stock Analysis Report
HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
FIVE BELOW INC (FIVE): 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.
|
Other Stocks to Consider 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: Aaron's, Inc. ( AAN ), Earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report To read this article on Zacks.com click here. Hertz Global Holdings, Inc. ( HTZ ), one of the leading general-use car rental brands, is slated to report its first-quarter fiscal 2014 earnings on Jun 9.
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Other Stocks to Consider 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: Aaron's, Inc. ( AAN ), Earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report To read this article on Zacks.com click here. Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, the company's ESP of 0.00% makes surprise prediction difficult.
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Other Stocks to Consider 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: Aaron's, Inc. ( AAN ), Earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
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Other Stocks to Consider 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: Aaron's, Inc. ( AAN ), Earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report To read this article on Zacks.com click here. That is because a stock needs to have both a positive Earnings ESP (Expected Surprise Prediction) and a Zacks Rank #1, 2 or 3 for this to happen.
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34b0a4c2-c581-4fc2-9e6e-d4a25ac0af8a
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9405.0
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2014-06-06 00:00:00 UTC
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Will RadioShack (RSH) Disappoint this Earnings Season? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-radioshack-rsh-disappoint-this-earnings-season-analyst-blog-2014-06-06
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nan
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nan
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The struggling American franchise of electronics retail stores, RadioShack Corp. ( RSH ), is slated to report first-quarter fiscal 2015 earnings before the opening bell on June 10, 2014.
The company has reported dismal quarterly numbers in all the last four quarters with an average negative earnings surprise of 309.8%, including earnings miss of 706.3% in the previously concluded quarter alone. Let's see how the company is positioned prior to the first-quarter earnings announcement.
Factors Likely to Influence this Quarter
RadioShack is facing bottom-line pressure at its lucrative wireless platform. The company is also suffering from costs associated with transitions from an adverse product mix to low-margin smartphones, and from T-Mobile to a wireless carrier partnership, along with underperformance of its businesses with Sprint.
Although management remains confident about achieving business from Verizon, RadioShack believes that the latter's business needs aggressive marketing efforts to enhance consumer awareness. We expect revenues from the Wireless division to remain weak for the rest of 2014.
Consumers nowadays prefer purchasing online to visiting retail stores. Declining foot traffic has severely affected RadioShack's business. Most gadget-freak consumers prefer tablets and smartphones today, which however, ring in less profit for the retail industry. The core retail businesses of RadioShack, namely, the consumer electronics (including digital TVs, digital music players, and digital cameras) platform thus continues its free fall.
Earnings Whispers?
Our proven model does not conclusively show that RadioShack is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: Both the Most Accurate estimate and the Zacks Consensus Estimate are poised at a loss of 52 cents. Hence, the ESP is 0.00%.
Zacks Rank: RadioShack has a Zacks Rank #5 (Strong Sell).
We caution investors against the stock going into the earnings announcement, as a Zacks Earnings ESP of 0.0% combined with a Zacks Rank #5 lowers the possibility of an earnings surprise.
Other Stocks to Consider
Here are some other companies to consider as our model shows these have the right combination of elements to post an earnings beat this quarter.
Aaron's, Inc. ( AAN ), with earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy).
Asbury Automotive Group, Inc. ( ABG ), with earnings ESP of +12.04% and a Zacks Rank #2 (Buy).
hhgregg, Inc. ( HGG ), with earnings ESP of +12.50% and a Zacks Rank #3 (Hold).
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
RADIOSHACK CORP (RSH): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): 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 ), with earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). Click to get this free report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report To read this article on Zacks.com click here. The struggling American franchise of electronics retail stores, RadioShack Corp. ( RSH ), is slated to report first-quarter fiscal 2015 earnings before the opening bell on June 10, 2014.
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Click to get this free report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): 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 ), with earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). The core retail businesses of RadioShack, namely, the consumer electronics (including digital TVs, digital music players, and digital cameras) platform thus continues its free fall.
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Click to get this free report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): 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 ), with earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). The company has reported dismal quarterly numbers in all the last four quarters with an average negative earnings surprise of 309.8%, including earnings miss of 706.3% in the previously concluded quarter alone.
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Aaron's, Inc. ( AAN ), with earnings ESP of +6.52% and a Zacks Rank #1 (Strong Buy). Click to get this free report RADIOSHACK CORP (RSH): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report ASBURY AUTO GRP (ABG): 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 a Zacks Rank #1, 2 or 3 for this to happen.
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c1ee97fe-252a-4bbc-ae55-aa4ff830dcaf
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9406.0
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2014-06-06 00:00:00 UTC
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Continued Weakness Seen in hhgregg, Inc. - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/continued-weakness-seen-in-hhgregg-inc.-analyst-blog-2014-06-06
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On May 29, 2014, we issued an updated research report on hhgregg, Inc. ( HGG ). This appliance and electronics retailer reported weak results for fourth-quarter and fiscal 2014 on May 20, mainly due to harsh winter weather and continued decline in consumer electronic category.
hhgregg reported adjusted loss of 17 cents in the fourth quarter compared to the prior year adjusted net income of 31 cents per share. The loss was due to a decline in comparable store sales, lower gross margin and an increase in net advertising expense ratio and SG&A ratio. hhgregg's net sales declined approximately 9.9% due to a decline in comparable store sales. The primary reason cited for weak sales was extreme cold weather. hhgregg witnessed lower traffic in most of its stores, especially in the Midwest and Mid-Atlantic regions due to harsh weather conditions in January, February and the beginning of March.
The poor comparable sales performance is largely attributable to the consumer electronic, computing and wireless and home products categories, which declined during the quarter.
hhgregg has been delivering disappointing results in the consumer electronic category since the past one year due to lower-than-expected margins and declining industry demand for flat screen televisions. Weak promotional activities are also adding to the woes. In addition, lack of innovation in televisions has been severely impacting overall store traffic.
The company also witnessed sluggishness in same store sales in the computing and wireless category in all the quarters of fiscal 2014. Weak comps were due to a decrease in demand for laptops and lower average selling price for tablets. Category comps declined due to the underperforming contract-based mobile phone business, which the company exited during the fourth quarter.
The company's home products category, which showed signs of weakness during the third quarter declined further in the fourth quarter.
The company is therefore employing different initiatives to revive its business such as product innovation, shifting focus from one furniture brand to five brands and even exiting the underperforming businesses. The company is also focusing on its appliance category, which continues to gain market share through higher sales in the appliance category over the past 11 quarters. Moreover, the company is not relying much on consumer electronics and computing and wireless categories.
hhgregg did not provide a guidance for fiscal 2015 as the company is working on its strategic initiatives and is pressurized by continued volatility within the consumer electronics industry. The Zacks Consensus Estimate for fiscal 2015 is pegged at 12 cents per share.
hhgregg holds a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Appliance retailers Aaron's Inc. ( AAN ) and Conn's Inc. ( CONN ) are better-ranked stocks in the same sector, sporting a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Another stock worth considering in the wider retail sector is Citi Trends Inc ( CTRN ) with a Zacks Rank #1.
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
HHGREGG INC (HGG): 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.
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 Appliance retailers Aaron's Inc. ( AAN ) and Conn's Inc. ( CONN ) are better-ranked stocks in the same sector, sporting a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Click to get this free report HHGREGG INC (HGG): 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. hhgregg witnessed lower traffic in most of its stores, especially in the Midwest and Mid-Atlantic regions due to harsh weather conditions in January, February and the beginning of March.
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Stocks That Warrant a Look Appliance retailers Aaron's Inc. ( AAN ) and Conn's Inc. ( CONN ) are better-ranked stocks in the same sector, sporting a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Click to get this free report HHGREGG INC (HGG): 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. This appliance and electronics retailer reported weak results for fourth-quarter and fiscal 2014 on May 20, mainly due to harsh winter weather and continued decline in consumer electronic category.
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Stocks That Warrant a Look Appliance retailers Aaron's Inc. ( AAN ) and Conn's Inc. ( CONN ) are better-ranked stocks in the same sector, sporting a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Click to get this free report HHGREGG INC (HGG): 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. This appliance and electronics retailer reported weak results for fourth-quarter and fiscal 2014 on May 20, mainly due to harsh winter weather and continued decline in consumer electronic category.
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Stocks That Warrant a Look Appliance retailers Aaron's Inc. ( AAN ) and Conn's Inc. ( CONN ) are better-ranked stocks in the same sector, sporting a Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy), respectively. Click to get this free report HHGREGG INC (HGG): 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. This appliance and electronics retailer reported weak results for fourth-quarter and fiscal 2014 on May 20, mainly due to harsh winter weather and continued decline in consumer electronic category.
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2332f7b2-558f-40bf-9a45-80daca10b67d
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9407.0
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2014-06-05 00:00:00 UTC
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Zacks Rank #1 Additions for Thursday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-thursday-tale-of-the-tape-2014-06-05
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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 )
B&G Foods, Inc. ( BGS )
CU Bancorp ( CUNB )
DTS Inc. ( DTSI )
Grifols SA, Barcelona ( GRFS )
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
B&G FOODS CL-A (BGS): Free Stock Analysis Report
CU BANCORP CA (CUNB): Free Stock Analysis Report
DTS INC (DTSI): Free Stock Analysis Report
GRIFOLS SA-ADR (GRFS): 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 ) B&G Foods, Inc. ( BGS ) CU Bancorp ( CUNB ) DTS Inc. ( DTSI ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report CU BANCORP CA (CUNB): Free Stock Analysis Report DTS INC (DTSI): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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 ) B&G Foods, Inc. ( BGS ) CU Bancorp ( CUNB ) DTS Inc. ( DTSI ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report CU BANCORP CA (CUNB): Free Stock Analysis Report DTS INC (DTSI): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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 ) B&G Foods, Inc. ( BGS ) CU Bancorp ( CUNB ) DTS Inc. ( DTSI ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report CU BANCORP CA (CUNB): Free Stock Analysis Report DTS INC (DTSI): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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 ) B&G Foods, Inc. ( BGS ) CU Bancorp ( CUNB ) DTS Inc. ( DTSI ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report CU BANCORP CA (CUNB): Free Stock Analysis Report DTS INC (DTSI): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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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5395deb3-68e3-477a-99d2-3584f773d1c9
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9408.0
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2014-06-03 00:00:00 UTC
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Strength Seen in Conn's (CONN): Stock Adds 6.9% in Session - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/strength-seen-in-conns-conn%3A-stock-adds-6.9-in-session-tale-of-the-tape-2014-06-03
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nan
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Conn's Inc. ( CONN ) was a big mover last session with its shares rising nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained over 22% since May 14.
This specialty retailer of durable consumer goods has seen no estimate revisions in the last 30 days. The Zacks Consensus Estimate hasn't been in trend either. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Conn's currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other well-placed stocks in the broader retail sector include Aaron's, Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). While Aaron's sports a Zacks Rank #1 (Strong Buy), American Apparel and Foot Locker bear 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
CONNS INC (CONN): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
AMER APPAREL (APP): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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 well-placed stocks in the broader retail sector include Aaron's, Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Click to get this free report CONNS INC (CONN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on solid volume too with far more shares changing hands than in a normal session.
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Other well-placed stocks in the broader retail sector include Aaron's, Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Click to get this free report CONNS INC (CONN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. While Aaron's sports a Zacks Rank #1 (Strong Buy), American Apparel and Foot Locker bear a Zacks Rank #2 (Buy).
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Click to get this free report CONNS INC (CONN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-placed stocks in the broader retail sector include Aaron's, Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). While Aaron's sports a Zacks Rank #1 (Strong Buy), American Apparel and Foot Locker bear a Zacks Rank #2 (Buy).
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Other well-placed stocks in the broader retail sector include Aaron's, Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Click to get this free report CONNS INC (CONN): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Conn's Inc. ( CONN ) was a big mover last session with its shares rising nearly 7% on the day.
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3ef9bdac-794d-4f9c-8fc4-18b2cab285fb
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9409.0
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2014-06-03 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-2014-06-03
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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 )
Avago Technologies Ltd ( AVGO )
B&G Foods, Inc. ( BGS )
Brightcove Inc ( BCOV )
Columbus McKinnon Corp. ( CMCO )
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
AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report
B&G FOODS CL-A (BGS): Free Stock Analysis Report
BRIGHTCOVE (BCOV): Free Stock Analysis Report
COLUMBUS MCKINN (CMCO): 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 ) Avago Technologies Ltd ( AVGO ) B&G Foods, Inc. ( BGS ) Brightcove Inc ( BCOV ) Columbus McKinnon Corp. ( CMCO ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): 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 ) Avago Technologies Ltd ( AVGO ) B&G Foods, Inc. ( BGS ) Brightcove Inc ( BCOV ) Columbus McKinnon Corp. ( CMCO ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): 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 ) Avago Technologies Ltd ( AVGO ) B&G Foods, Inc. ( BGS ) Brightcove Inc ( BCOV ) Columbus McKinnon Corp. ( CMCO ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): 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 ) Avago Technologies Ltd ( AVGO ) B&G Foods, Inc. ( BGS ) Brightcove Inc ( BCOV ) Columbus McKinnon Corp. ( CMCO ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): 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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685117bf-49d5-43a5-b9f5-e9a6fde5acee
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9410.0
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2014-06-02 00:00:00 UTC
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Will Dollar General (DG) Disappoint This Earnings Season? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/will-dollar-general-dg-disappoint-this-earnings-season-analyst-blog-2014-06-02
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nan
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nan
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Dollar General Corporation ( DG ), one of the largest discount retailers in the United States, is set to report first-quarter fiscal 2014 results on Jun 3, 2014. Last quarter, it posted breakeven earnings with both the Most Accurate estimate and the Zacks Consensus Estimate standing at $1.01 per share. Let us see how things are developing for this announcement.
Factors Influencing the Quarter
We remain concerned about the increasing gross margin pressure due to a rise in sales of low-margin carrying products. The increase in sales of lower margin merchandises weighed on the company's gross margin that contracted approximately 58 basis points to 31.9% during the fourth quarter of fiscal 2013.
Earnings Whispers
Our proven model does not conclusively project Dollar General as likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below.
Zacks ESP: ESP for Dollar General is 0.00%.This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 73 cents.
Zacks Rank #4 (Sell): Dollar General's Zacks Rank #4 lowers the predictive power of ESP. 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 momentum.
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:
Aaron's, Inc. ( AAN ) has an Earnings ESP +6.52% and it carries a Zacks Rank #2 (Buy).
Red Robin Gourmet Burgers Inc. ( RRGB ) has an Earnings ESP of +1.11% and holds a Zacks Rank #2.
Sprouts Farmers Market, Inc. ( SFM ) has an Earnings ESP of +5.56% 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
DOLLAR GENERAL (DG): Free Stock Analysis Report
AARONS INC (AAN): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
SPROUTS FMR MKT (SFM): 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 these to have the right combination of elements to post an earnings beat: Aaron's, Inc. ( AAN ) has an Earnings ESP +6.52% and it carries a Zacks Rank #2 (Buy). Click to get this free report DOLLAR GENERAL (DG): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report SPROUTS FMR MKT (SFM): Free Stock Analysis Report To read this article on Zacks.com click here. Dollar General Corporation ( DG ), one of the largest discount retailers in the United States, is set to report first-quarter fiscal 2014 results on Jun 3, 2014.
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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: Aaron's, Inc. ( AAN ) has an Earnings ESP +6.52% and it carries a Zacks Rank #2 (Buy). Click to get this free report DOLLAR GENERAL (DG): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report SPROUTS FMR MKT (SFM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank #4 (Sell): Dollar General's Zacks Rank #4 lowers the predictive power of ESP.
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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: Aaron's, Inc. ( AAN ) has an Earnings ESP +6.52% and it carries a Zacks Rank #2 (Buy). Click to get this free report DOLLAR GENERAL (DG): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report SPROUTS FMR MKT (SFM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks ESP: ESP for Dollar General is 0.00%.This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 73 cents.
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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: Aaron's, Inc. ( AAN ) has an Earnings ESP +6.52% and it carries a Zacks Rank #2 (Buy). Click to get this free report DOLLAR GENERAL (DG): Free Stock Analysis Report AARONS INC (AAN): Free Stock Analysis Report RED ROBIN GOURM (RRGB): Free Stock Analysis Report SPROUTS FMR MKT (SFM): 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 momentum.
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9d66d1f7-2c9f-4541-b7ac-53a12b1a94fd
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9411.0
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2014-06-02 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for June 03, 2014
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-june-03-2014-2014-06-02
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 03, 2014. A cash dividend payment of $0.021 per share is scheduled to be paid on July 03, 2014. Shareholders who purchased AAN stock 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 $32.84, the dividend yield is .26%.
The previous trading day's last sale of AAN was $32.84, representing a -2.98% decrease from the 52 week high of $33.85 and a 25.44% increase over the 52 week low of $26.18.
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 $1.45. Zacks Investment Research reports AAN's forecasted earnings growth in 2014 as 7.35%, compared to an industry average of 19.8%.
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:
First Trust Cons. Discret. AlphaDEX ( FXD )
First Trust Mid Cap Value AlphaDEX Fund ( FNK )
PowerShares Fundamental Pure Small Core Portfolio ( PXSC )
First Trust Mid Cap Core AlphaDEX ( FNX )
RevenueShares Mid Cap ( RWK ).
The top-performing ETF of this group is FNK with an increase of 5.8% over the last 100 days. FXD has the highest percent weighting of AAN at 1.28%.
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 7.35%, compared to an industry average of 19.8%.
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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 June 03, 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. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 03, 2014.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.45. The following ETF(s) have AAN as a top-10 holding: First Trust Cons. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 03, 2014.
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a0dd51bb-0eb5-4748-ac30-e64ecee33c2d
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9412.0
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2014-05-30 00:00:00 UTC
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Zacks Rank #1 Additions for Friday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-friday-tale-of-the-tape-2014-05-30
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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 )
Black Hills Corp ( BKH )
Ciena Corporation ( CIEN )
Cohu, Inc. ( COHU )
Covanta Holding Corp ( CVA )
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
BLACK HILLS COR (BKH): Free Stock Analysis Report
CIENA CORP (CIEN): Free Stock Analysis Report
COHU INC (COHU): Get Free Report
COVANTA HOLDING (CVA): 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 ) Black Hills Corp ( BKH ) Ciena Corporation ( CIEN ) Cohu, Inc. ( COHU ) Covanta Holding Corp ( CVA ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BLACK HILLS COR (BKH): Free Stock Analysis Report CIENA CORP (CIEN): Free Stock Analysis Report COHU INC (COHU): Get Free Report COVANTA HOLDING (CVA): 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 ) Black Hills Corp ( BKH ) Ciena Corporation ( CIEN ) Cohu, Inc. ( COHU ) Covanta Holding Corp ( CVA ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BLACK HILLS COR (BKH): Free Stock Analysis Report CIENA CORP (CIEN): Free Stock Analysis Report COHU INC (COHU): Get Free Report COVANTA HOLDING (CVA): 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 ) Black Hills Corp ( BKH ) Ciena Corporation ( CIEN ) Cohu, Inc. ( COHU ) Covanta Holding Corp ( CVA ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BLACK HILLS COR (BKH): Free Stock Analysis Report CIENA CORP (CIEN): Free Stock Analysis Report COHU INC (COHU): Get Free Report COVANTA HOLDING (CVA): 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 ) Black Hills Corp ( BKH ) Ciena Corporation ( CIEN ) Cohu, Inc. ( COHU ) Covanta Holding Corp ( CVA ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BLACK HILLS COR (BKH): Free Stock Analysis Report CIENA CORP (CIEN): Free Stock Analysis Report COHU INC (COHU): Get Free Report COVANTA HOLDING (CVA): 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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cb107c94-4458-4392-98b4-44a0d3631619
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9413.0
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2014-05-28 00:00:00 UTC
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Balanced View of GameStop - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/balanced-view-of-gamestop-analyst-blog-2014-05-28
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nan
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nan
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We issued an updated research report on GameStop Corp. ( GME ) following the video game and entertainment software retailer's first-quarter fiscal 2014 results.
The company posted earnings of 59 cents a share that came a couple of cents ahead of the Zacks Consensus Estimate and surged 28.3% from 46 cents delivered in the year-ago quarter. However, this Grapevine, TX-based company reiterated its fiscal 2014 earnings between $3.40 and $3.70 per share.
Total net sales increased 7% year over year to $1,996.3 million but missed the Zacks Consensus Estimate of $2,024 million. Comps grew 5.8% year over year for the third successive quarter.
Sturdy demand for Microsoft Corporation 's ( MSFT ) Xbox One and Sony Corporation ' s ( SNE ) PlayStation 4 led to the year-over-year increase in net sales and comparable-store sales. Moreover, strength witnessed across the mobile business also supported the top-line growth. Management now envisions comps to increase between 12% and 19% for the second quarter and in the band of 6% to 12% for fiscal 2014.
Sales of PlayStation 4 and Xbox One hardware in the U.S. have risen over twofold when compared with sales of PlayStation 3 and Xbox 360 hardware taken together, since the launch of products.
GameStop continues to branch out and has evolved as a mixed retailer of physical and digital gaming as well as electronics products. The company's venture in digital, iDevice and gaming tablet businesses will be accretive to its results. The company's buy-sell-trade model of selling new games and buying back used games and PowerUp Rewards program make it a popular destination for shopping.
However, GameStop is not devoid of competition. With the entrance of retail bigwigs, video game shoppers now have many alternatives from where they can buy software, hardware, and game accessories for video game systems and personal computers. These larger retailers could dent the company's sales and margins.
Zacks Rank
The pros and cons embedded in the stock are well supported by GameStop's Zacks Rank #3 (Hold). Another stock worth considering in the retail sector is Aaron's, Inc. ( AAN ) holding 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
GAMESTOP CORP (GME): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
SONY CORP ADR (SNE): 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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Another stock worth considering in the retail sector is Aaron's, Inc. ( AAN ) holding a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. We issued an updated research report on GameStop Corp. ( GME ) following the video game and entertainment software retailer's first-quarter fiscal 2014 results.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock worth considering in the retail sector is Aaron's, Inc. ( AAN ) holding a Zacks Rank #2 (Buy). We issued an updated research report on GameStop Corp. ( GME ) following the video game and entertainment software retailer's first-quarter fiscal 2014 results.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock worth considering in the retail sector is Aaron's, Inc. ( AAN ) holding a Zacks Rank #2 (Buy). With the entrance of retail bigwigs, video game shoppers now have many alternatives from where they can buy software, hardware, and game accessories for video game systems and personal computers.
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Another stock worth considering in the retail sector is Aaron's, Inc. ( AAN ) holding a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. We issued an updated research report on GameStop Corp. ( GME ) following the video game and entertainment software retailer's first-quarter fiscal 2014 results.
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07a077bb-3b0c-409e-bb36-88d12b6d73b9
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9414.0
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2014-05-28 00:00:00 UTC
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Zacks Rank #1 Additions for Wednesday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-wednesday-tale-of-the-tape-2014-05-28
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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 )
Cohu, Inc. ( COHU )
Customers Bancorp Inc ( CUBI )
Dynegy Inc. ( DYN )
Grifols SA, Barcelona ( GRFS )
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
COHU INC (COHU): Get Free Report
CUSTOMERS BANCP (CUBI): Free Stock Analysis Report
DYNEGY INC-NEW (DYN): Free Stock Analysis Report
GRIFOLS SA-ADR (GRFS): 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 ) Cohu, Inc. ( COHU ) Customers Bancorp Inc ( CUBI ) Dynegy Inc. ( DYN ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report COHU INC (COHU): Get Free Report CUSTOMERS BANCP (CUBI): Free Stock Analysis Report DYNEGY INC-NEW (DYN): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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 ) Cohu, Inc. ( COHU ) Customers Bancorp Inc ( CUBI ) Dynegy Inc. ( DYN ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report COHU INC (COHU): Get Free Report CUSTOMERS BANCP (CUBI): Free Stock Analysis Report DYNEGY INC-NEW (DYN): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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 ) Cohu, Inc. ( COHU ) Customers Bancorp Inc ( CUBI ) Dynegy Inc. ( DYN ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report COHU INC (COHU): Get Free Report CUSTOMERS BANCP (CUBI): Free Stock Analysis Report DYNEGY INC-NEW (DYN): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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 ) Cohu, Inc. ( COHU ) Customers Bancorp Inc ( CUBI ) Dynegy Inc. ( DYN ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report COHU INC (COHU): Get Free Report CUSTOMERS BANCP (CUBI): Free Stock Analysis Report DYNEGY INC-NEW (DYN): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): 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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6c49cac0-6a93-469c-8a4d-903e72bdffa2
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9415.0
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2014-05-22 00:00:00 UTC
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Best Buy Beats on Q1 Earnings - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/best-buy-beats-on-q1-earnings-analyst-blog-2014-05-22
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nan
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nan
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Best Buy Company, Inc . ( BBY ) posted first-quarter fiscal 2015 adjusted earnings from continuing operations of 33 cents per share that surpassed both the Zacks Consensus Estimate of 19 cents per share and the year-ago quarter figure of 32 cents per share. The performance was aided by consistent cost containment, partly offset by soft top-line performance. Stock price was up 2.4% in the pre market trading hours.
Including one-time items, the company reported quarterly earnings of $1.31 per share, sharply up from earnings of 29 cents per share reported in the prior-year quarter.
Total revenue fell 3.3% to $9,035 million and lagged the Zacks Consensus Estimate of $9,235 million. Comparable-store sales (comps) declined 1.9% compared with a fall of 1.4% in the prior-year period.
Further, gross profit slid 6.4% year over year to $2,020 million during the quarter due to weak top-line performance partly offset by fall in cost of goods sold. Gross margin contracted 70 basis points (bps) to 22.4%. However, adjusted operating margin increased 30 bps to 2.3%.
Best Buy has reinforced a powerful turnaround strategy called the "Renew Blue transformation program" to rein in escalating costs. The program also includes a price match policy, multi-channel strategy, and the closure of some big box stores. In the quarter, under the "Renew Blue" program, the company achieved an additional $95 million worth of annualized savings taking the total annualized cost reductions to $860 million. The company had raised its target of cost reduction to $1 billion in the last quarter's earnings announcement.
Management is undertaking a competitive pricing strategy and making investments in areas such as online, mobile and the multi-channel approach. It is also making optimum utilization of floor area and refurbishing the functionality of its website (bestbuy.com). Best Buy's "buy online - ship from store" and digital marketing contributed 29% increment to domestic comparable online sales.
Moreover, to capture incremental revenues, Best Buy announced new home theater stores-within-a-store vendor partnerships with Samsung and Sony Corp. ( SNE ).
Earlier Best Buy had opened "Samsung Experience Shops" within its stores. Taking the initiatives further, Best Buy had entered into partnership with Microsoft Corp. ( MSFT ) to roll out "Windows Store." The company has unveiled 1,400 Samsung and 600 Windows stores-within-a-store.
Segment Details
Domestic segment revenues fell 2.1% to $7,781 million due to 1.3% decrease in comps.
Domestic online sales were $639 million. Comparable online sales rose 29.2% 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 home theaters was more than offset by growth witnessed in computing, gaming and appliances.
The segment's gross profit fell 5.2% to $1,763 million during the quarter, while gross margin came in at 22.7%, down 70 bps due to higher costs related to product warranty, structural investments and unfavorable economics from new credit card agreement.
International segment revenues fell 10.5% to $1,254 million due to the closure of big box stores in China in the prior year, a decline of 5.8% in comps and unfavorable fluctuations in foreign exchange rates. The decrease in comps was due to sluggish industry trends in Canada, China and Mexico.
The International segment's gross profit fell 14.0% to $257 million in the quarter while gross margin shrunk 80 bps to 20.5%, reflecting lower margin product mix and increased promotional activities.
Other Financial Details
Best Buy ended the quarter with cash and cash equivalents of $2,569 million, long-term debt of $1,604 million and total equity of $4,424 million.
Guidance
For the second and third quarters of fiscal 2015, Best Buy expects comps to grow in the range of negative to low single digits due to persistent weakness in the overall consumer electronics category. Moreover, absence of new product launches and weak sales in mobile phones category will add to the woes.
Moreover, there was an adjustment related to tax structure in the 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 expects higher tax rate going forward.
Along with other items, this income tax adjustment will affect earnings in the remaining quarters of fiscal 2015. This will impact second quarter earnings in the range of flat to increase by a penny, while for the third quarter, impact will range from flat to fall by a cent. For the last quarter earnings, there would be a negative impact of 9-10 cents.
Currently, Best Buy carries a Zacks Rank #4 (Sell). Another retail stock worth investment includes Aaron's, Inc. ( AAN ), which sports 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
BEST BUY (BBY): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
SONY CORP ADR (SNE): 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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Another retail stock worth investment includes Aaron's, Inc. ( AAN ), which sports a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, to capture incremental revenues, Best Buy announced new home theater stores-within-a-store vendor partnerships with Samsung and Sony Corp. ( SNE ).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Another retail stock worth investment includes Aaron's, Inc. ( AAN ), which sports a Zacks Rank #2 (Buy). Further, gross profit slid 6.4% year over year to $2,020 million during the quarter due to weak top-line performance partly offset by fall in cost of goods sold.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Another retail stock worth investment includes Aaron's, Inc. ( AAN ), which sports a Zacks Rank #2 (Buy). Including one-time items, the company reported quarterly earnings of $1.31 per share, sharply up from earnings of 29 cents per share reported in the prior-year quarter.
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Another retail stock worth investment includes Aaron's, Inc. ( AAN ), which sports a Zacks Rank #2 (Buy). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy's "buy online - ship from store" and digital marketing contributed 29% increment to domestic comparable online sales.
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127fcf24-6889-425e-a1cb-0c0be675c9c7
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9416.0
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2014-05-22 00:00:00 UTC
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Sears Q1 Loss Widens as Sales Decline - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/sears-q1-loss-widens-as-sales-decline-analyst-blog-2014-05-22
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nan
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nan
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Sears Holdings Corporation ( SHLD ) is finding it increasingly difficult to stabilize as it is continues to grapple with a deteriorating top and bottom line. The beleaguered retailer delivered a huge loss for the first quarter of fiscal 2014 today morning as it failed to draw in customers despite giving huge discounts on merchandise.
The company's first quarter adjusted loss widened to $2.24 per share compared with a loss of $1.36 in the year-ago comparable quarter. Including special items, the company's reported loss reached $3.79 per share compared with a loss per share of $2.63 in the prior-year period.
Quarterly Details
Revenues declined 6.8% to $7,879 million compared with $8,452 million in the year-ago quarter. The year-over-year decline was mainly due to the worst sales performance of consumer electronics products, and the ongoing major transformation in the company's business model. Sears Holding, which currently sells products through store-based networks, is looking to transform its business to a member-centric model through its Shop Your Way program.
As part of this remodeling, the company is heavily investing in its Shop Your Way program while strategically reducing its store count and divesting its underperforming businesses.
Segment-wise, sales at Sears Domestic fell 4.9% to $4,285 million, while Kmart sales declined 6.6% to $2,897 million. Moreover, sales at Sears Canada registered a decline of 17.2% to $697 million.
Consolidated domestic comparable store sales (comps) inched down 1.0% primarily due to weak performance of Kmart stores partially offset by improved Sears Domestic performance. Despite soft performance of the consumer electronics business, the company witnessed a marginal improvement of 0.2% in Sears Domestic comps in the quarter. Moreover, excluding the negative impact of the consumer electronics category, Sears Domestic's comps for the quarter increased 0.8%.
Comps at the company's Kmart stores registered a 2.2% fall primarily due to weak sales of consumer electronics and grocery & household goods. Moreover, comps at Sears Canada witnessed a decline of 7.6% during the quarter.
Adjusted gross profit declined 14.0% to $1,748 million compared with $2,032 million reported in the first quarter of fiscal 2013. Consequently, gross profit margin contracted 185 basis points to 22.19%. The company's adjusted selling and administrative expenses declined 4.3% to $1,969 million from $2,058 million.
Adjusted loss before interest, tax and depreciation (EBITDA) in first-quarter fiscal 2014 was $221 million, substantially higher than the year-ago comparable quarter figure of $26 million. Adjusted operating loss came in at $375 million, as against a loss of $247 million in the year-ago quarter.
Balance Sheet and Cash Flow
Sears Holdings ended first quarter fiscal 2014 with cash and cash equivalents (including restricted cash) of $842 million and long-term debt and capitalized lease obligations of $2,821 million, compared with a cash balance of $481 million and long-term debt and capitalized lease obligations of $1,929 million at the end of first quarter fiscal 2013. The company's shareholder equity was $1,462 million as of May 3, 2014.
Other Stocks to Consider
Sears Holdings currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the retail space include Aaron's Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). 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
AMER APPAREL (APP): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
SEARS HLDG CP (SHLD): 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 Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report To read this article on Zacks.com click here. Sears Holdings Corporation ( SHLD ) is finding it increasingly difficult to stabilize as it is continues to grapple with a deteriorating top and bottom line.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report SEARS HLDG CP (SHLD): 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 Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Consolidated domestic comparable store sales (comps) inched down 1.0% primarily due to weak performance of Kmart stores partially offset by improved Sears Domestic performance.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report SEARS HLDG CP (SHLD): 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 Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Adjusted gross profit declined 14.0% to $1,748 million compared with $2,032 million reported in the first quarter of fiscal 2013.
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Better-ranked stocks in the retail space include Aaron's Inc. ( AAN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report To read this article on Zacks.com click here. Adjusted gross profit declined 14.0% to $1,748 million compared with $2,032 million reported in the first quarter of fiscal 2013.
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740c734c-becb-4ff9-8a95-040854b704cb
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9417.0
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2014-05-21 00:00:00 UTC
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Cato Q1 Earnings In Line, Shares Dip - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/cato-q1-earnings-in-line-shares-dip-analyst-blog-2014-05-21
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nan
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nan
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Shares of the women's fashion retailer The Cato Corporation ( CATO ) fell 6.7% yesterday, after it reported first-quarter fiscal 2014 earnings of $1.04 per share, which slipped 1% year over year. Quarterly earnings, however, were in line with the Zacks Consensus Estimate.
Earnings per share received a push of nearly 2 cents from the company's share buy-back program during the quarter.
Sales for the quarter improved 5.7% year over year to $282.5 million while comparable-store sales (comps) climbed 3%.
Gross profit for the reported quarter increased 7.1% to $118.1 million and gross margin expanded 50 basis points (bps) to 41.8%. The year-over-year rise is mainly attributable to improved merchandise contribution.
Selling general and administrative (SG&A) expenses for the quarter rose 13.6% year over year to $67.5 million and increased 170 bps to 23.9% as a percentage of sales. The rise in SG&A expenses was mainly due to greater accrued incentive compensation.
Financials
Cato ended the quarter with cash and cash equivalents of $79.5 million compared with $65.4 million at the end of first-quarter fiscal 2013. The company's total shareholders' equity stood at $373.5 million at the end of the quarter.
Further, Cato bought back 1.4 million shares during the quarter under its share repurchase program.
Stores Update
Cato opened 6 stores and closed 2 stores during the first quarter. As of May 3, 2014, the company operated 1,324 stores across 32 states, compared with 1,307 outlets across 31 states in the year-ago period.
Fiscal 2014 Outlook
Cato reiterated its previous fiscal guidance, which expects comps to remain flat or decrease by a maximum of 2%.
Owing to the share buy back, Cato revised its earnings forecast for the second quarter to a band of 40-45 cents, compared with 51 cents recorded last year. Also, for fiscal 2014, the company now envisions earnings to range from $1.66-$1.79 per share, as against $1.86 earned last year. The previous guidance for fiscal 2014 ranged from $1.47 to $1.66 a share.
Other Stocks to Consider
Stocks worth considering in the retail sector include Aaron's, Inc. ( AAN ), Rite Aid Corp. ( RAD ) and Foot Locker, Inc. ( FL ). While Aaron's and Rite Aid hold a Zacks Rank #1 (Strong Buy) each, Foot Locker carries 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
FOOT LOCKER INC (FL): Free Stock Analysis Report
RITE AID CORP (RAD): 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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Other Stocks to Consider Stocks worth considering in the retail sector include Aaron's, Inc. ( AAN ), Rite Aid Corp. ( RAD ) and Foot Locker, Inc. ( FL ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of the women's fashion retailer The Cato Corporation ( CATO ) fell 6.7% yesterday, after it reported first-quarter fiscal 2014 earnings of $1.04 per share, which slipped 1% year over year.
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Other Stocks to Consider Stocks worth considering in the retail sector include Aaron's, Inc. ( AAN ), Rite Aid Corp. ( RAD ) and Foot Locker, Inc. ( FL ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. While Aaron's and Rite Aid hold a Zacks Rank #1 (Strong Buy) each, Foot Locker carries a Zacks Rank #2 (Buy).
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Stocks worth considering in the retail sector include Aaron's, Inc. ( AAN ), Rite Aid Corp. ( RAD ) and Foot Locker, Inc. ( FL ). Shares of the women's fashion retailer The Cato Corporation ( CATO ) fell 6.7% yesterday, after it reported first-quarter fiscal 2014 earnings of $1.04 per share, which slipped 1% year over year.
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Other Stocks to Consider Stocks worth considering in the retail sector include Aaron's, Inc. ( AAN ), Rite Aid Corp. ( RAD ) and Foot Locker, Inc. ( FL ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of the women's fashion retailer The Cato Corporation ( CATO ) fell 6.7% yesterday, after it reported first-quarter fiscal 2014 earnings of $1.04 per share, which slipped 1% year over year.
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1f466d5b-6fa2-4d4e-a038-f21ca8405261
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9418.0
|
2014-05-21 00:00:00 UTC
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The TJX Companies (TJX) Crumbles: Stock Falls by 7.6% - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/the-tjx-companies-tjx-crumbles%3A-stock-falls-by-7.6-tale-of-the-tape-2014-05-21
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nan
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nan
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The TJX Companies, Inc. ( TJX ) saw a big move last session, as the company's shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as TJX is now trading below the volatile price range of $57.0 to $59.9 in the past one-month time frame.
The Retail company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increase, 1 decrease), and the consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
TJX currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Retail sector include Aaron's, Inc. ( AAN ), Buffalo Wild Wings Inc. ( BWLD ) and Lithia Motors Inc. ( LAD ). 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 >>
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
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
TJX COS INC NEW (TJX): 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 Retail sector include Aaron's, Inc. ( AAN ), Buffalo Wild Wings Inc. ( BWLD ) and Lithia Motors Inc. ( LAD ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on pretty good volume too with far more shares changing hands than in a normal session.
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Some better-ranked stocks in the Retail sector include Aaron's, Inc. ( AAN ), Buffalo Wild Wings Inc. ( BWLD ) and Lithia Motors Inc. ( LAD ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report TJX COS INC NEW (TJX): 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 BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Retail sector include Aaron's, Inc. ( AAN ), Buffalo Wild Wings Inc. ( BWLD ) and Lithia Motors Inc. ( LAD ). The TJX Companies, Inc. ( TJX ) saw a big move last session, as the company's shares fell by nearly 8% on the day.
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Some better-ranked stocks in the Retail sector include Aaron's, Inc. ( AAN ), Buffalo Wild Wings Inc. ( BWLD ) and Lithia Motors Inc. ( LAD ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. The TJX Companies, Inc. ( TJX ) saw a big move last session, as the company's shares fell by nearly 8% on the day.
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279798ed-276a-4e15-a34a-f054fc4965de
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9419.0
|
2014-05-20 00:00:00 UTC
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Staples Q1 Earnings Lag Estimates - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/staples-q1-earnings-lag-estimates-analyst-blog-2014-05-20
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nan
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nan
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Shares of Staples Inc. ( SPLS ) fell nearly 10.0% in pre-market trading as the company announced lower-than-expected first-quarter fiscal 2014 earnings. Staples' first-quarter adjusted earnings of 18 cents per share came short of the Zacks Consensus Estimate of 21 cents per share and decreased 31.0% year over year.
Including one-time items, earnings per share came in at 15 cents per share, down 42.0% year over year.
Lower sales due to store closures and unfavorable foreign currency fluctuations weighed on the company's performance.
Total sales decreased 2.8% year over year to $5,654.0 million and fell short of the Zacks Consensus Estimate of $5,626.0 million. Excluding the impact of store closures and currency fluctuations, revenues fell 2.0%.
Gross profit decreased 6.7% year over year to $1,410.3 million while gross margin contracted approximately 100 basis points (bps) to 24.9%.
Staples reported a 44.3% drop in operating income to $158.8 million whereas operating margin contracted 209 basis points (bps) to 2.8%. Excluding impact of restructuring and other related charges, operating profit fell 35.8% to $182.8 million and operating margin contracted 167 bps to 3.2%.
In the first quarter, Staples made huge investment in Make More Happen" brand campaign to drive awareness. Moreover, it has expanded product offering in over 600 stores across U.S.
Staples closed about 16 stores in the quarter and finalized another 80 outlets to be shut down across North America in the second quarter of fiscal 2014. Also, the company achieved $100 million in annualized cost reduction in the quarter. The company plans to achieve $500 million in annualized savings over a two year time frame.
The office supply retailers are going through tough times, given the decline in business and consumer spending in the wake of a global meltdown. The financial crisis has resulted in sluggish demand for big-ticket items such as business machines, furniture and other durable products.
Moreover, intense competition from online bellwethers like Amazon.com Inc. ( AMZN ) is denting the company's profitability.
Given the challenges in the near-term, the company expects lower sales for the second quarter of fiscal 2014 compared with the prior-year quarter figure. Staples expects earnings per share to be in the range of 9-14 cents. Moreover, the company expects to generate more than $600 million of free cash flow in 2014.
Segment Details
Sales at North American Stores and Online, which include its retail stores and Staples.com business in the U.S. and Canada, marked a decline of 4.9% to $2,634 million. The fall largely resulted from decrease in sales of office supplies, business machine, computers and technology accessories.
Despite challenges, the segment continues to witness increased sales of facilities and breakroom supplies, print as well as copy and paper.
During the quarter, comparable-store sales (comps) declined 4.0% owing to a 4.0% fall in traffic and flat average order size from the prior-year quarter. Sales through Staples.com rose 6.0% year over year due to increased customer conversion and stretched out assortment in categories apart from office supplies.
On a year-over-year basis, operating income decreased 45.9% to $93 million while operating margin contracted 270 bps to 3.5%. The decline reflected the company's increased investment in its .com business and lower product margins along with increased marketing expenditure to promote awareness.
North American Commercial , which includes its Contract operations in the U.S. and Canada, witnessed a 0.7% increase in sales to $2,056 million, due to growth in facilities and breakroom supplies along with furniture, partly offset by lower demand in office supplies and paper as well as ink and toner.
Operating income decreased 9.3% to $136 million while operating margin contracted 74 bps to 6.6%, reflecting increased investments and lower margins.
Revenues at International Operations waned 3.9% to $964 million, reflecting lower sales in Europe. Comps in Europe remained flattish as a 2% increased average order size was run down by a 1% reduction in traffic. The segment reported an operating loss of $25 million, up substantially from the year-ago quarter.
Other Financial Details
Staples ended the quarter with cash and cash equivalents of $792.9 million, long-term debt (net of current maturities) of $1,016.9 million and shareholders' equity of $6,171.1 million.
For the quarter, Staples generated operating cash flow of about $359.9 million and incurred capital expenditures of $48.0 million, resulting in a free cash flow of $311.8 million. Staples repurchased 5.7 million shares for $70 million in the quarter.
Currently, Staples holds a Zacks Rank #3 (Hold). Some better-ranked retail stocks worth investment includes Aaron's, Inc. ( AAN ) and Office Depot, Inc. ( ODP ). Aaron's sports a Zacks Rank #1 (Strong Buy) and Office Depot 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
AARONS INC (AAN): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
OFFICE DEPOT (ODP): Free Stock Analysis Report
STAPLES INC (SPLS): 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 retail stocks worth investment includes Aaron's, Inc. ( AAN ) and Office Depot, Inc. ( ODP ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report OFFICE DEPOT (ODP): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Staples Inc. ( SPLS ) fell nearly 10.0% in pre-market trading as the company announced lower-than-expected first-quarter fiscal 2014 earnings.
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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 OFFICE DEPOT (ODP): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retail stocks worth investment includes Aaron's, Inc. ( AAN ) and Office Depot, Inc. ( ODP ). North American Commercial , which includes its Contract operations in the U.S. and Canada, witnessed a 0.7% increase in sales to $2,056 million, due to growth in facilities and breakroom supplies along with furniture, partly offset by lower demand in office supplies and paper as well as ink and toner.
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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 OFFICE DEPOT (ODP): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked retail stocks worth investment includes Aaron's, Inc. ( AAN ) and Office Depot, Inc. ( ODP ). Operating income decreased 9.3% to $136 million while operating margin contracted 74 bps to 6.6%, reflecting increased investments and lower margins.
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Some better-ranked retail stocks worth investment includes Aaron's, Inc. ( AAN ) and Office Depot, Inc. ( ODP ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report OFFICE DEPOT (ODP): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report To read this article on Zacks.com click here. Given the challenges in the near-term, the company expects lower sales for the second quarter of fiscal 2014 compared with the prior-year quarter figure.
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94e7390f-c6de-45b8-90db-a6c7b0b5d1fb
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9420.0
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2014-05-20 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-2014-05-20
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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 )
Almost Family Inc ( AFAM )
Alphatec Holdings Inc ( ATEC )
Blackbaud, Inc. ( BLKB )
Citrix Systems, Inc. ( CTXS )
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
ALMOST FAMILY (AFAM): Free Stock Analysis Report
ALPHATEC HLDGS (ATEC): Free Stock Analysis Report
BLACKBAUD INC (BLKB): Free Stock Analysis Report
CITRIX SYS INC (CTXS): 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 ) Almost Family Inc ( AFAM ) Alphatec Holdings Inc ( ATEC ) Blackbaud, Inc. ( BLKB ) Citrix Systems, Inc. ( CTXS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ALMOST FAMILY (AFAM): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report BLACKBAUD INC (BLKB): Free Stock Analysis Report CITRIX SYS INC (CTXS): 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 ) Almost Family Inc ( AFAM ) Alphatec Holdings Inc ( ATEC ) Blackbaud, Inc. ( BLKB ) Citrix Systems, Inc. ( CTXS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ALMOST FAMILY (AFAM): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report BLACKBAUD INC (BLKB): Free Stock Analysis Report CITRIX SYS INC (CTXS): 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 ) Almost Family Inc ( AFAM ) Alphatec Holdings Inc ( ATEC ) Blackbaud, Inc. ( BLKB ) Citrix Systems, Inc. ( CTXS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ALMOST FAMILY (AFAM): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report BLACKBAUD INC (BLKB): Free Stock Analysis Report CITRIX SYS INC (CTXS): 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 ) Almost Family Inc ( AFAM ) Alphatec Holdings Inc ( ATEC ) Blackbaud, Inc. ( BLKB ) Citrix Systems, Inc. ( CTXS ) View the entire Zacks Rank #1 List . Click to get this free report AARONS INC (AAN): Free Stock Analysis Report ALMOST FAMILY (AFAM): Free Stock Analysis Report ALPHATEC HLDGS (ATEC): Free Stock Analysis Report BLACKBAUD INC (BLKB): Free Stock Analysis Report CITRIX SYS INC (CTXS): 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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93cdb9a8-7ccd-4bef-b2ce-c2a01f578dde
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9421.0
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2014-05-20 00:00:00 UTC
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ValueVision Media (VVTV) Jumps: Stock Rises 6.9% - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/valuevision-media-vvtv-jumps%3A-stock-rises-6.9-tale-of-the-tape-2014-05-20
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nan
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nan
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ValueVision Media Inc. ( VVTV ) was a big mover last session, as the company saw its shares rise nearly 7% 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 $4.59 to $5.04 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate has not been in a trend either. Yesterday's jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
ValueVision currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the retail-wholesale sector include Buffalo Wild Wings Inc. ( BWLD ), Lithia Motors Inc. ( LAD ) and Aaron's, Inc. ( AAN ). All of these 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 >>
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
BUFFALO WLD WNG (BWLD): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis Report
VALUEVISION MDA (VVTV): 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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However, better-ranked stocks in the retail-wholesale sector include Buffalo Wild Wings Inc. ( BWLD ), Lithia Motors Inc. ( LAD ) and Aaron's, Inc. ( AAN ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report VALUEVISION MDA (VVTV): Free Stock Analysis Report To read this article on Zacks.com click here. ValueVision Media Inc. ( VVTV ) was a big mover last session, as the company saw its shares rise nearly 7% on the day.
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However, better-ranked stocks in the retail-wholesale sector include Buffalo Wild Wings Inc. ( BWLD ), Lithia Motors Inc. ( LAD ) and Aaron's, Inc. ( AAN ). Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report VALUEVISION MDA (VVTV): 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 BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report VALUEVISION MDA (VVTV): Free Stock Analysis Report To read this article on Zacks.com click here. However, better-ranked stocks in the retail-wholesale sector include Buffalo Wild Wings Inc. ( BWLD ), Lithia Motors Inc. ( LAD ) and Aaron's, Inc. ( AAN ). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report LITHIA MOTORS (LAD): Free Stock Analysis Report VALUEVISION MDA (VVTV): Free Stock Analysis Report To read this article on Zacks.com click here. However, better-ranked stocks in the retail-wholesale sector include Buffalo Wild Wings Inc. ( BWLD ), Lithia Motors Inc. ( LAD ) and Aaron's, Inc. ( AAN ). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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4b729f41-1d3f-4a49-90e8-12869501fc02
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9422.0
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2014-05-19 00:00:00 UTC
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July 19th Options Now Available For Aaron's (AAN)
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AAN
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https://www.nasdaq.com/articles/july-19th-options-now-available-aarons-aan-2014-05-19
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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 July 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new July 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $31.00 strike price has a current bid of 45 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $31.00, but will also collect the premium, putting the cost basis of the shares at $30.55 (before broker commissions). To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $32.04/share today.
Because the $31.00 strike represents an approximate 3% 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 66%. 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 1.45% return on the cash commitment, or 8.69% 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 $31.00 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 begin trading today, for the July 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new July 19th 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 $32.04/share today.
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the July 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new July 19th 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 $32.04/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 July 19th contracts and identified one put and one call contract of particular interest. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the July 19th expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $32.04/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 July 19th 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 $32.04/share today. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the July 19th expiration.
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5c4e0501-9c19-4ae9-883f-a1975851f972
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9423.0
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2014-05-13 00:00:00 UTC
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Aaron's Decides to Declassify Board - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-decides-to-declassify-board-analyst-blog-2014-05-13
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nan
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nan
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After severe criticism from shareholders regarding the board's action over the last few months, the board of directors of Aaron's Inc. ( AAN ) has unanimously voted for making amendments in the company's regulations to declassify the board. The board will ask for approval from its shareholders at the company's Annual Meeting on Jun 10.
Under the declassified format, shareholders get an opportunity to change all board members on an annual basis. Therefore, board members work efficiently toward making shareholder friendly policies.
On the other hand, board members are categorized under several classes in the classified board structure, and only one class participates in the proxy voting every year. Therefore, it is difficult to make significant changes in management under the classified board format.
Aaron's has been witnessing soft top-line and bottom-line performances for the last several quarters. Various shareholders including the second largest shareholder of the rent-to-own retailer, Vintage Capital Management LLC and Starboard Value LP have blamed the ill-advised strategies of current management for the downfall of Aaron's.
On Mar 7, 2014, Vintage Capital sent notice to Aaron's intimating it of the nomination of five candidates, while Starboard sent a notice regarding nomination of four candidates to the company's board at the Annual General Meeting. However, last week Starboard withdrew the names of its nominated candidates and has opted to support Vintage Capital's nominations. Further, Vintage Capital in a letter delivered on Apr 29 to Aaron's Chairman, Ray Robinson, proposed to go for a shareholder approval regarding the declassification of board in the 2014 Annual General Meeting.
We believe that the boards' recent move may lead to changes in leadership which may reinstate Aaron's former stature.
The board's recent move is well appreciated by the investors as was reflected in the company's share price that touched a new 52-week high of $33.85 during yesterday's trading session. The stock closed trade at $33.30, up 3.5% from the previous day's closing price. Further, this inspired Zacks Investment Research to promote Aaron's to a Zacks Rank #1 (Strong Buy) on May 13.
The company has been witnessing rising earnings estimates since it released its first-quarter 2014 earnings results on Apr 25, 2014, wherein its earnings of 53 cents per share came within its own guidance range. Moreover, an upbeat guidance for 2014 further boosts analyst confidence. The quarterly earnings came in line with the Zacks Consensus Estimate.
Other Stocks Worth Considering
Some better-performing stocks in the wholesale retail sector include Best Buy Co., Inc. ( BBY ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). All of 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
AMER APPAREL (APP): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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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After severe criticism from shareholders regarding the board's action over the last few months, the board of directors of Aaron's Inc. ( AAN ) has unanimously voted for making amendments in the company's regulations to declassify the board. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Under the declassified format, shareholders get an opportunity to change all board members on an annual basis.
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Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. After severe criticism from shareholders regarding the board's action over the last few months, the board of directors of Aaron's Inc. ( AAN ) has unanimously voted for making amendments in the company's regulations to declassify the board. Other Stocks Worth Considering Some better-performing stocks in the wholesale retail sector include Best Buy Co., Inc. ( BBY ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ).
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After severe criticism from shareholders regarding the board's action over the last few months, the board of directors of Aaron's Inc. ( AAN ) has unanimously voted for making amendments in the company's regulations to declassify the board. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. On Mar 7, 2014, Vintage Capital sent notice to Aaron's intimating it of the nomination of five candidates, while Starboard sent a notice regarding nomination of four candidates to the company's board at the Annual General Meeting.
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After severe criticism from shareholders regarding the board's action over the last few months, the board of directors of Aaron's Inc. ( AAN ) has unanimously voted for making amendments in the company's regulations to declassify the board. Click to get this free report AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. The quarterly earnings came in line with the Zacks Consensus Estimate.
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254a18aa-9794-44f8-b3f6-7d7b8c5ff6d6
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9424.0
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2014-05-05 00:00:00 UTC
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Aaron's Up to Strong Buy - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-up-to-strong-buy-analyst-blog-2014-05-05
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nan
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nan
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On Apr 30, 2014, Zacks Investment Research upgraded Aaron's Inc. ( AAN ), the leading rent-to-own retail operator, to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The company has been witnessing rising earnings estimates since it released its first-quarter 2014 earnings results on Apr 25, 2014, wherein its earnings of 53 cents per share came within its own guidance range Moreover, an upbeat guidance for 2014 further boosts analyst confidence. The quarterly earnings came in line with the Zacks Consensus Estimate.
Although the bottom line declined 20.9% mainly due to decreased revenues and higher operating expenses, the stock has been gaining momentum owing to the recently announced acquisition of Progressive Finance Holdings LLC. The stock has gained almost 6% since Apr 25.
Aaron's believes that the acquisition of Progressive Finance Holdings will prove transformational by giving it an opportunity to expand into the large and growing virtual rent-to-own market.
Progressive Finance Holdings, which provides web-based lease-to-own financing programs for retailers, is expected to provide solid investor returns for Aaron's shareholders, given its exceptional growth metrics that registered 77% annual revenue growth from $228 million in 2012 to $403 million in 2013.
Further, the company expects the acquisition to increase cash earnings per share in 2014 in double digits and be significantly accretive in 2015 as well. Further, Aaron's will benefit from Progressive Finance Holdings' tie-ups with the largest U.S. retailers, including Mattress Firm, Big Lots Inc. ( BIG ), Art Van Furniture and Sleepy's which adds about 15,000 new sources of revenues for Aaron's.
Looking ahead, Aaron's has raised its outlook for 2014 after taking the benefits of Progressive Finance Holdings acquisition into account. For full-year 2014, Aaron's now expects revenues and earnings in the range of $2.65-$2.75 billion and $1.95-$2.10 per share, respectively. This is higher than the previous revenue and earnings guidance range of $2.3 billion and $1.80-$2.00 per share, respectively.
This has triggered an uptrend in the Zacks Consensus Estimates, as analysts became more constructive on the stock's future performance. This is evident from the movement witnessed in the Zacks Consensus Estimate that jumped 6.5% to $1.98 for 2014 and 34.2% to $2.63 per share for 2015 in the past 30 days.
Other Stocks Worth Considering
Other stocks worth a look in the retail sector include American Apparel Inc. ( APP ) and Best Buy Co., Inc . ( BBY ), both of which carry a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
AMER APPAREL (APP): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
BIG LOTS INC (BIG): 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 Apr 30, 2014, Zacks Investment Research upgraded Aaron's Inc. ( AAN ), the leading rent-to-own retail operator, to a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report To read this article on Zacks.com click here. Although the bottom line declined 20.9% mainly due to decreased revenues and higher operating expenses, the stock has been gaining momentum owing to the recently announced acquisition of Progressive Finance Holdings LLC.
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On Apr 30, 2014, Zacks Investment Research upgraded Aaron's Inc. ( AAN ), the leading rent-to-own retail operator, to a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): 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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On Apr 30, 2014, Zacks Investment Research upgraded Aaron's Inc. ( AAN ), the leading rent-to-own retail operator, to a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report To read this article on Zacks.com click here. The company has been witnessing rising earnings estimates since it released its first-quarter 2014 earnings results on Apr 25, 2014, wherein its earnings of 53 cents per share came within its own guidance range Moreover, an upbeat guidance for 2014 further boosts analyst confidence.
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On Apr 30, 2014, Zacks Investment Research upgraded Aaron's Inc. ( AAN ), the leading rent-to-own retail operator, to a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report To read this article on Zacks.com click here. The company has been witnessing rising earnings estimates since it released its first-quarter 2014 earnings results on Apr 25, 2014, wherein its earnings of 53 cents per share came within its own guidance range Moreover, an upbeat guidance for 2014 further boosts analyst confidence.
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79e34e92-47d5-4df5-9877-47b84c27d706
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9425.0
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2014-05-02 00:00:00 UTC
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Newell Q1 Earnings Beat Ests, Flat Y/Y - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/newell-q1-earnings-beat-ests-flat-y-y-analyst-blog-2014-05-02
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nan
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nan
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Newell Rubbermaid Inc. ( NWL ), the producer of Sharpie pens and Rubbermaid containers, posted first-quarter 2014 adjusted earnings per share of 35 cents, which surpassed the Zacks Consensus Estimate of 32 cents. However, quarterly adjusted earnings were flat year over year since the benefits from increased gross margin and lower share count were fully offset by weak performance at the company's Baby and Home Solution divisions.
On a reported basis, including special items, the company reported earnings of 19 cents per share, which was in line with the year-ago comparable quarter figure.
During the quarter, Newell's net sales dropped 0.7% to $1,232.2 million from $1,240.8 million in the prior-year quarter and lagged the Zacks Consensus Estimate of $1,249 million. However, core sales of the company rose 0.7%, excluding a negative impact of 140 basis points (bps) from foreign currency translation.
Newell's gross profit fell 0.9% year over year to $469.3 million, while adjusted gross profit grew nearly 1% due to one-time items recorded in the reported quarter. Adjusted gross margin expanded 60 bps to 38.8% owing to improved productivity and pricing, partly offset by cost inflation and unfavorable currency exchange rates.
Adjusted operating income decreased 2.1% year over year to $135.9 million while operating margin contracted 20 bps to 11.0%.
Other Financial Details
Newell ended the quarter with cash and cash equivalents of $136.8 million and long-term debt of $1,666.7 million. Shareholders' equity was $2,070.0 million.
During the first quarter, the company's capital expenditures came in at $31.9 million. Total operating cash flows used in the quarter were $92.1 million. During the quarter, the company returned $42.9 million to shareholders through dividend payouts and repurchased 1.5 million shares for $44.4 million under its $350 million share repurchase program.
Along with its earnings release, the company's board of directors raised the quarterly dividend by 13% to 17 cents per share, marking the fourth dividend hike in the last three years.
Reiteration of Fiscal 2014 Guidance
The company reiterated its full-year 2014 adjusted earnings projection of $1.94-$2.00 per share. The company's 2014 adjusted earnings forecast exclude $100-$120 million expenses related to Project Renewal restructuring and other restructuring activities.
Further, Newell continues to anticipate core sales growth of 3%-4% and an improvement of up to 40 bps in the operating margin during fiscal 2014.
Newell expects to generate operating cash flow in the range of $600-$650 million in 2014, with planned capital expenditures between $150 million and $175 million.
Moreover, this Zacks Rank #3 (Hold) company expects to achieve its targeted annualized cost savings of $270-$325 million by the second quarter of 2015 through its Project Renewal program.
The initiative will be funded by savings generated through reduction of structural selling as well as general and administrative expenses. The Project Renewal scheme will enable the company to reduce the complexities of the organization, while increasing investments in the most important growth areas within the business.
Other Stocks to Consider
Other stocks that warrant a look in the retail space include Aaron's Inc. ( AAN ), Leggett & Platt, Incorporated ( LEG ) and Best Buy Co., Inc. ( BBY ). While Aaron's sports a Zacks Rank #1 (Strong Buy), Leggett & Platt and Best Buy hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
LEGGETT & PLATT (LEG): Free Stock Analysis Report
NEWELL RUBBERMD (NWL): 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 stocks that warrant a look in the retail space include Aaron's Inc. ( AAN ), Leggett & Platt, Incorporated ( LEG ) and Best Buy Co., Inc. ( BBY ). AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. Adjusted gross margin expanded 60 bps to 38.8% owing to improved productivity and pricing, partly offset by cost inflation and unfavorable currency exchange rates.
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AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks that warrant a look in the retail space include Aaron's Inc. ( AAN ), Leggett & Platt, Incorporated ( LEG ) and Best Buy Co., Inc. ( BBY ). During the quarter, the company returned $42.9 million to shareholders through dividend payouts and repurchased 1.5 million shares for $44.4 million under its $350 million share repurchase program.
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AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks that warrant a look in the retail space include Aaron's Inc. ( AAN ), Leggett & Platt, Incorporated ( LEG ) and Best Buy Co., Inc. ( BBY ). During the quarter, Newell's net sales dropped 0.7% to $1,232.2 million from $1,240.8 million in the prior-year quarter and lagged the Zacks Consensus Estimate of $1,249 million.
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Other Stocks to Consider Other stocks that warrant a look in the retail space include Aaron's Inc. ( AAN ), Leggett & Platt, Incorporated ( LEG ) and Best Buy Co., Inc. ( BBY ). AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report NEWELL RUBBERMD (NWL): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, Newell's net sales dropped 0.7% to $1,232.2 million from $1,240.8 million in the prior-year quarter and lagged the Zacks Consensus Estimate of $1,249 million.
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2cdfce20-d7e1-43fb-a1cc-e195d11778f5
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9426.0
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2014-05-02 00:00:00 UTC
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hhgregg Hires New COO - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/hhgregg-hires-new-coo-analyst-blog-2014-05-02
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nan
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nan
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hhgregg Inc. ( HGG ) is leaving no stone unturned to revive its struggling business. Initiatives such as product innovation, focus on developing brands and exit from underperforming businesses are some of the measures being taken to boost sales. Most recently, this appliance and electronics retailer hired Troy H. Risch as its new Chief Operating Officer (COO), whose experience is expected to help the company execute its initiatives.
With 25 years of experience in the retail industry and in-depth knowledge of general management, sales and marketing, real estate and operations, Risch was one of the strong contenders for the position. Currently, he works as executive vice president of store operations at Radioshack Corp. ( RSH ) and served as a member of the executive committee team. He was also responsible for managing 4,400 stores.
Prior to this, Risch also held a leadership position in Target Corp. ( TGT ) and was in charge of the operations of over 1,750 stores. Risch will assume his new role at hhgregg on May 5.
hhgregg has been posting disappointing results in the consumer electronics category since the last few quarters due to lower-than-expected margins and declining industry demand for flat screen televisions. Weak promotional activities are also adding to the woes. In addition, lack of innovation in televisions has been severely impacting overall store traffic.
Lately, the company has witnessed sluggish same-store sales in the computing and wireless category in all the three quarters of fiscal 2014. The weak comps can be attributed to a decrease in demand for laptop computers and lower average selling price for tablets. The category has been facing comp sales decline due to an underperforming contract-based mobile phone business, which the company decided to exit during the fourth quarter. The company's home products category also showed signs of weakness during the third quarter.
Adding to the woes, hhgregg also delivered weak preliminary results for the fourth quarter of fiscal 2014 (scheduled to be reported on May 20) and lowered its expectations for fiscal 2014. For the fourth quarter, the company expects net sales to decline approximately 9.9% year over year, with a decline of approximately 9.9% in comparable store sales.
The poor comparable sales performance is largely attributable to the consumer electronic, computing and wireless and home products categories. Further, hhgregg expects losses in the fourth quarter, as against prior year's adjusted net income. This could be due to the underperforming contract-based mobile phone business, which the company has decided to exit during the fourth quarter.
Following weaker-than-expected fourth quarter expectations, the company lowered its fiscal 2014 expectations for sales and earnings. hhgregg expects net sales to decline approximately 6.9% from fiscal 2013 levels, worse than a decline of 4.0-5.5% guided previously. The company expects adjusted earnings in fiscal 2014 to be 9 cents per share, much lower than the previous guidance range of 30-40 cents per share.
The company has employed different initiatives to revive its business. Though it is focusing on its appliance category and not relying much on consumer electronics and computing and wireless categories, we still remain bearish until we see substantial improvement in these categories. hhgregg holds a Zacks Rank #4 (Sell).
Another better-ranked consumer electronics retailer is Aaron's Inc. ( AAN ), which holds a Zacks Rank #1 (Strong Buy).
AARONS INC (AAN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
RADIOSHACK CORP (RSH): 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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Another better-ranked consumer electronics retailer is Aaron's Inc. ( AAN ), which holds a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Most recently, this appliance and electronics retailer hired Troy H. Risch as its new Chief Operating Officer (COO), whose experience is expected to help the company execute its initiatives.
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AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Another better-ranked consumer electronics retailer is Aaron's Inc. ( AAN ), which holds a Zacks Rank #1 (Strong Buy). The category has been facing comp sales decline due to an underperforming contract-based mobile phone business, which the company decided to exit during the fourth quarter.
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AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Another better-ranked consumer electronics retailer is Aaron's Inc. ( AAN ), which holds a Zacks Rank #1 (Strong Buy). The category has been facing comp sales decline due to an underperforming contract-based mobile phone business, which the company decided to exit during the fourth quarter.
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Another better-ranked consumer electronics retailer is Aaron's Inc. ( AAN ), which holds a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. With 25 years of experience in the retail industry and in-depth knowledge of general management, sales and marketing, real estate and operations, Risch was one of the strong contenders for the position.
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8f144f84-49bc-4fcd-958e-f1ed8d7bd380
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9427.0
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2014-04-30 00:00:00 UTC
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Wednesday 4/30 Insider Buying Report: AAN, CLFD
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AAN
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https://www.nasdaq.com/articles/wednesday-430-insider-buying-report-aan-clfd-2014-04-30
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nan
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Aaron's ( AAN ), a filing with the SEC revealed that on Monday, EVP Aaron's, President/CEO Pro John W. Robinson bought 50,000 shares of AAN, at a cost of $28.96 each, for a total investment of $1.45M. Robinson was up about 1.2% on the purchase at the high point of today's trading session, with AAN trading as high as $29.31 in trading on Wednesday. Aaron's is trading up about 0.7% on the day Wednesday. This purchase marks the first one filed by Robinson in the past twelve months.
And at Clearfield ( CLFD ), there was insider buying on Tuesday, by Director Ronald G. Roth who purchased 15,000 shares at a cost of $14.89 each, for a total investment of $223,350. Before this latest buy, Roth purchased CLFD on 6 other occasions during the past year, for a total investment of $694,136 at an average of $13.88 per share. Clearfield is trading up about 2.5% on the day Wednesday. Roth was up about 7.3% on the buy at the high point of today's trading session, with CLFD trading as high as $15.97 at last check today.
VIDEO: Wednesday 4/30 Insider Buying Report: AAN, CLFD
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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At Aaron's ( AAN ), a filing with the SEC revealed that on Monday, EVP Aaron's, President/CEO Pro John W. Robinson bought 50,000 shares of AAN, at a cost of $28.96 each, for a total investment of $1.45M. Robinson was up about 1.2% on the purchase at the high point of today's trading session, with AAN trading as high as $29.31 in trading on Wednesday. VIDEO: Wednesday 4/30 Insider Buying Report: AAN, CLFD 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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Robinson was up about 1.2% on the purchase at the high point of today's trading session, with AAN trading as high as $29.31 in trading on Wednesday. VIDEO: Wednesday 4/30 Insider Buying Report: AAN, CLFD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At Aaron's ( AAN ), a filing with the SEC revealed that on Monday, EVP Aaron's, President/CEO Pro John W. Robinson bought 50,000 shares of AAN, at a cost of $28.96 each, for a total investment of $1.45M.
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Robinson was up about 1.2% on the purchase at the high point of today's trading session, with AAN trading as high as $29.31 in trading on Wednesday. VIDEO: Wednesday 4/30 Insider Buying Report: AAN, CLFD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At Aaron's ( AAN ), a filing with the SEC revealed that on Monday, EVP Aaron's, President/CEO Pro John W. Robinson bought 50,000 shares of AAN, at a cost of $28.96 each, for a total investment of $1.45M.
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At Aaron's ( AAN ), a filing with the SEC revealed that on Monday, EVP Aaron's, President/CEO Pro John W. Robinson bought 50,000 shares of AAN, at a cost of $28.96 each, for a total investment of $1.45M. Robinson was up about 1.2% on the purchase at the high point of today's trading session, with AAN trading as high as $29.31 in trading on Wednesday. VIDEO: Wednesday 4/30 Insider Buying Report: AAN, CLFD 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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0738f36f-efd2-443d-aa5a-2423a136909a
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9428.0
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2014-04-30 00:00:00 UTC
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Zacks Rank #1 Additions for Wednesday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-1-additions-for-wednesday-tale-of-the-tape-2014-04-30
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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 )
Actavis plc ( ACT )
Alliance Holdings GP, L.P. ( AHGP )
Amkor Technology, Inc. ( AMKR )
Athlon Energy Inc ( ATHL )
View the entire Zacks Rank #1 List .
AARONS INC (AAN): Free Stock Analysis Report
ACTAVIS PLC (ACT): Free Stock Analysis Report
ALLIANCE HLDGS (AHGP): Free Stock Analysis Report
AMKOR TECH INC (AMKR): Get Free Report
ATHLON ENERGY (ATHL): 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 ) Actavis plc ( ACT ) Alliance Holdings GP, L.P. ( AHGP ) Amkor Technology, Inc. ( AMKR ) Athlon Energy Inc ( ATHL ) View the entire Zacks Rank #1 List . AARONS INC (AAN): Free Stock Analysis Report ACTAVIS PLC (ACT): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report ATHLON ENERGY (ATHL): 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 ) Actavis plc ( ACT ) Alliance Holdings GP, L.P. ( AHGP ) Amkor Technology, Inc. ( AMKR ) Athlon Energy Inc ( ATHL ) View the entire Zacks Rank #1 List . AARONS INC (AAN): Free Stock Analysis Report ACTAVIS PLC (ACT): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report ATHLON ENERGY (ATHL): 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 ) Actavis plc ( ACT ) Alliance Holdings GP, L.P. ( AHGP ) Amkor Technology, Inc. ( AMKR ) Athlon Energy Inc ( ATHL ) View the entire Zacks Rank #1 List . AARONS INC (AAN): Free Stock Analysis Report ACTAVIS PLC (ACT): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report ATHLON ENERGY (ATHL): 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 ) Actavis plc ( ACT ) Alliance Holdings GP, L.P. ( AHGP ) Amkor Technology, Inc. ( AMKR ) Athlon Energy Inc ( ATHL ) View the entire Zacks Rank #1 List . AARONS INC (AAN): Free Stock Analysis Report ACTAVIS PLC (ACT): Free Stock Analysis Report ALLIANCE HLDGS (AHGP): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report ATHLON ENERGY (ATHL): 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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4a9d08da-119b-44bc-8367-63319a928381
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9429.0
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2014-04-30 00:00:00 UTC
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Novartis' Zykadia Gets FDA Approval - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/novartis-zykadia-gets-fda-approval-analyst-blog-2014-04-30
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nan
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nan
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Novartis ( NVS ) received positive news when the U.S. Food and Drug Administration (FDA) approved Zykadia (ceritinib) for the treatment of patients suffering from anaplastic lymphoma kinase-positive (ALK+) metastatic non-small cell lung cancer (NSCLC) who have progressed on or are intolerant to Pfizer's ( PFE ) Xalkori (crizotinib).
The FDA approval of Zykadia (previously known as LDK378) was based on encouraging results from a pivotal trial (n=163) wherein it was observed that Zykadia achieved an overall response rate (ORR) of 54.6% and a median duration of response (DOR) of 7.4 months among patients suffering from metastatic ALK+ NSCLC.
We note that the FDA has granted Breakthrough Therapy designation to Zykadia in Mar 2013. Zykadia is currently under review in the European Union.
However, NSCLC market is crowded. We note that Roche ( RHHBY )'s Tarceva is also approved for the same indication. Roche was also developing MetMAb (onartuzumab) in combination with Tarceva for the treatment of NSCLC. However, Roche suffered a setback in Mar 2014 when an independent data monitoring committee recommended that its phase III study, METLung, on MetMab should be stopped due to a lack of clinically meaningful efficacy.
Separately, Novartis also announced that the Committee for Medicinal Products for Human Use (CHMP) had issued a positive opinion for the label expansion of its multiple sclerosis (MS) drug, Gilenya.
Gilenya is already approved in the EU for adult patients suffering from relapsing remitting multiple sclerosis (RRMS) who have not responded to treatment with interferons, or have rapidly evolving severe MS. Novartis is seeking label expansion of Gilenya to include adult patients who have not responded to at least one disease-modifying therapy (DMT).
Novartis also presented encouraging data from FREEDOMS and FREEDOMS II trials on Gilenya at the 66th American Academy of Neurology (AAN) Annual Meeting in Pennsylvania, thereby confirming the consistent efficacy of Gilenya across four key measures of MS (relapse rates, MRI lesions, brain volume loss and disability progression).
We are encouraged by the recent bout of news at Novartis given the disappointing first quarter results released last week.
Novartis currently carries a Zacks Rank #3 (Hold). Right now, Allergan ( AGN ) looks well positioned among the large cap pharmas with a Zacks Rank #2 (Buy).
ALLERGAN INC (AGN): Free Stock Analysis Report
NOVARTIS AG-ADR (NVS): Free Stock Analysis Report
PFIZER INC (PFE): Free Stock Analysis Report
ROCHE HLDG LTD (RHHBY): 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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Novartis also presented encouraging data from FREEDOMS and FREEDOMS II trials on Gilenya at the 66th American Academy of Neurology (AAN) Annual Meeting in Pennsylvania, thereby confirming the consistent efficacy of Gilenya across four key measures of MS (relapse rates, MRI lesions, brain volume loss and disability progression). Novartis ( NVS ) received positive news when the U.S. Food and Drug Administration (FDA) approved Zykadia (ceritinib) for the treatment of patients suffering from anaplastic lymphoma kinase-positive (ALK+) metastatic non-small cell lung cancer (NSCLC) who have progressed on or are intolerant to Pfizer's ( PFE ) Xalkori (crizotinib). However, Roche suffered a setback in Mar 2014 when an independent data monitoring committee recommended that its phase III study, METLung, on MetMab should be stopped due to a lack of clinically meaningful efficacy.
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Novartis also presented encouraging data from FREEDOMS and FREEDOMS II trials on Gilenya at the 66th American Academy of Neurology (AAN) Annual Meeting in Pennsylvania, thereby confirming the consistent efficacy of Gilenya across four key measures of MS (relapse rates, MRI lesions, brain volume loss and disability progression). Separately, Novartis also announced that the Committee for Medicinal Products for Human Use (CHMP) had issued a positive opinion for the label expansion of its multiple sclerosis (MS) drug, Gilenya. Gilenya is already approved in the EU for adult patients suffering from relapsing remitting multiple sclerosis (RRMS) who have not responded to treatment with interferons, or have rapidly evolving severe MS. Novartis is seeking label expansion of Gilenya to include adult patients who have not responded to at least one disease-modifying therapy (DMT).
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Novartis also presented encouraging data from FREEDOMS and FREEDOMS II trials on Gilenya at the 66th American Academy of Neurology (AAN) Annual Meeting in Pennsylvania, thereby confirming the consistent efficacy of Gilenya across four key measures of MS (relapse rates, MRI lesions, brain volume loss and disability progression). Novartis ( NVS ) received positive news when the U.S. Food and Drug Administration (FDA) approved Zykadia (ceritinib) for the treatment of patients suffering from anaplastic lymphoma kinase-positive (ALK+) metastatic non-small cell lung cancer (NSCLC) who have progressed on or are intolerant to Pfizer's ( PFE ) Xalkori (crizotinib). Gilenya is already approved in the EU for adult patients suffering from relapsing remitting multiple sclerosis (RRMS) who have not responded to treatment with interferons, or have rapidly evolving severe MS. Novartis is seeking label expansion of Gilenya to include adult patients who have not responded to at least one disease-modifying therapy (DMT).
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Novartis also presented encouraging data from FREEDOMS and FREEDOMS II trials on Gilenya at the 66th American Academy of Neurology (AAN) Annual Meeting in Pennsylvania, thereby confirming the consistent efficacy of Gilenya across four key measures of MS (relapse rates, MRI lesions, brain volume loss and disability progression). The FDA approval of Zykadia (previously known as LDK378) was based on encouraging results from a pivotal trial (n=163) wherein it was observed that Zykadia achieved an overall response rate (ORR) of 54.6% and a median duration of response (DOR) of 7.4 months among patients suffering from metastatic ALK+ NSCLC. We note that the FDA has granted Breakthrough Therapy designation to Zykadia in Mar 2013.
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72db01fb-d9b3-407d-a59d-596e980b2a4e
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9430.0
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2014-04-30 00:00:00 UTC
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Target Ties in MasterCard for More Secure Card - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/target-ties-in-mastercard-for-more-secure-card-analyst-blog-2014-04-30
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nan
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nan
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In the aftermath of the massive security breach over last year's holiday season, Target Corp. ( TGT ) is now tightening its cyber security. The company will switch over to chip-and-PIN technology across its REDcard portfolio in collaboration with MasterCard Inc. ( MA ) and has also appointed Bob DeRodes as its new Chief Information Officer.
Target has partnered with MasterCard to bring in newer and more secure credit and debit cards in place of the cards using vulnerable magnetic strip technology. The new cards have digital chips to contain data, which generate a new code after every use and thus makes hacking difficult. The company aims to covert entire REDcard portfolio to chip-and-PIN technology by early 2015.
As a part of the endeavor, Target has already invested $100 million for the conversion as well as installment of support software at all its stores. The company is likely to complete the installation of the support software by Sep 2014, six months before schedule.
Further, effective May 5, 2014, Bob DeRodes will take over responsibilities of Target's technology team and operations with special focus on the on going security up grade efforts. He will also be responsible for charting out a long-term digital and information technology blueprint for the retailer. Notably, DeRodes has served as a senior information technology adviser for the Center for CIO Leadership, U.S. Secretary of Defense, U.S. Department of Homeland Security and the U.S. Department of Justice.
Target is also looking for suitable candidates for the position of chief information security officer and a chief compliance officer.
Target faced its worst security breach when information related to credit and debit card data of approximately 70 million customers were hacked. The theft occurred during the holiday season, from a day before Thanksgiving up to Dec 15. The company publicly acknowledged the breach four days later on Dec 19, 2013.
As a part of the ongoing inquiry, Target had disclosed that the data theft included names, mailing and email addresses and phone numbers. Moreover, the company had extended help to aggrieved customers by offering one year of complimentary credit monitoring and identity theft safeguard.
The biggest security breach in U.S history was detected in 2007 when the leading off-price retailer of apparel and home fashions, The TJX Companies, Inc. ( TJX ) reported data theft involving nearly 90 million credit and debit cards over a span of about one and a half years.
Currently, Target has a Zacks Rank #3 (Hold). Another retail stock worth investment is Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy).
AARONS INC (AAN): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
TJX COS INC NEW (TJX): 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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Another retail stock worth investment is Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report MASTERCARD INC (MA): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. The company will switch over to chip-and-PIN technology across its REDcard portfolio in collaboration with MasterCard Inc. ( MA ) and has also appointed Bob DeRodes as its new Chief Information Officer.
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AARONS INC (AAN): Free Stock Analysis Report MASTERCARD INC (MA): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. Another retail stock worth investment is Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). Target faced its worst security breach when information related to credit and debit card data of approximately 70 million customers were hacked.
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AARONS INC (AAN): Free Stock Analysis Report MASTERCARD INC (MA): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. Another retail stock worth investment is Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). Target faced its worst security breach when information related to credit and debit card data of approximately 70 million customers were hacked.
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Another retail stock worth investment is Aaron's, Inc. ( AAN ), which sports a Zacks Rank #1 (Strong Buy). AARONS INC (AAN): Free Stock Analysis Report MASTERCARD INC (MA): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. The company will switch over to chip-and-PIN technology across its REDcard portfolio in collaboration with MasterCard Inc. ( MA ) and has also appointed Bob DeRodes as its new Chief Information Officer.
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17451126-78e4-450e-b386-fb0c575b6981
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9431.0
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2014-04-28 00:00:00 UTC
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Aaron's Down on Y/Y Fall in Q1 Earnings - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-down-on-y-y-fall-in-q1-earnings-analyst-blog-2014-04-28
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nan
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nan
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Owing to unfavorable weather conditions, Aaron's Inc. ( AAN ) posted weak financial results for the first-quarter 2014, wherein both its top and bottom lines declined year over year. Subsequently, the company's share price fell approximately 4.1% in Friday's trading session.
Aaron's earnings for the quarter declined 20.9% from the comparable prior-year quarter to 53 cents per share. The year-over-year decline in the bottom line was mainly due to decreased revenues and higher operating expenses. However, the company's earnings came within its own guidance range and were in line with the Zacks Consensus Estimate as well.
Due to decline in both comparable-store sales (comps) and softness witnessed in customer growth performance, the company's top line decreased 1.3% year over year to $585.4 million and fell short of its own guidance as well as the Zacks Consensus Estimate of $590.0 million.
In its preliminary results announced on Apr 15, Aaron's had lowered its outlook for the first quarter owing to the negative effect of the recent macroeconomic environment and adverse weather conditions. The leading rent-to-own operator reduced its revenue expectation to $587.5 million from the earlier projection of $600.0 million. Furthermore, Aaron's lowered its earnings per share guidance range for the first quarter to 51-54 cents from 57-62 cents forecasted earlier.
Coming to the quarter under review, comps at the company-owned stores fell 2.1% in the quarter while stores open for over 2 years witnessed a 3.7% decrease in sales. Customer traffic at the company-operated stores decreased 1.4%. Comps at the company's franchised stores registered a 1.0% fall owing to a decline in customer traffic by 1.8%.
The company's Sales & Lease Ownership division's revenues were recorded at $566.8 million, down 1% from the first quarter of 2013. The HomeSmart division reported revenues of $17.3 million, increasing 3% from the year-ago comparable quarter.
At the quarter-end, the company's self-operated stores had 1,091,000 customers while the franchisee customer count was 590,000. Total customer count decreased 1.0% from the same period last year.
Operating income came in at $61.9 million, down 25.7% from the year-ago quarter primarily due to lower sales and higher operating expenses. Consequently, operating margin contracted 340 basis points to 10.6%.
Financial Position
Cash and investments at Aaron's as of Mar 31, 2014 were $397.1 million and total shareholder equity was $1,179.0 million. The company generated nearly $62.0 million of cash flow from operating activities during the quarter.
Moreover, in the said quarter, Aaron's bought back 1,000,952 shares of its common stock 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, 7 franchised stores and 2 company-operated HomeSmart stores in the quarter. The company also acquired 1 store from its franchisees operator and sold 5 outlets to a franchisee. Furthermore, Aaron's also shut down five of its company-operated stores during the quarter.
As of Mar 31, 2014, Aaron's had a total of 1,262 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 2,132 stores in total.
Update on Progressive Acquisition
In an update on the recently announced acquisition of Progressive Finance Holdings LLC, Aaron's revealed that from the beginning of second quarter, it will provide consolidated financial statements that will include Progressive Finance Holdings' results.
Aaron's believes that the acquisition of Progressive Finance Holdings will prove transformational by giving it an opportunity to expand into the large and growing virtual rent-to-own market. Progressive Finance Holdings, which provides web-based lease-to-own financing programs for retailers, is expected to provide solid investor returns for Aaron's shareholders, given its exceptional growth metrics that registered 77% annual revenue growth from $228 million in 2012 to $403 million in 2013.
Further, the company expects the acquisition to increase cash earnings per share in 2014 in double digits and be significantly accretive in 2015 as well. Further, Aaron's will benefit from Progressive Finance Holdings' tie-ups with the largest U.S. retailers, including Mattress Firm, Big Lots Inc. ( BIG ), Art Van Furniture and Sleepy's, which adds about 15,000 new sources of revenues for Aaron's.
Management Guidance
Looking ahead, Aaron's has updated its outlook for 2014 and 2015 after taking the benefits of Progressive Finance Holdings acquisition into account. However, due to incomplete valuation related to the acquisition, the company provided earnings per share guidance for 2014 and 2015 on an adjusted basis that excluded one-time items.
For second-quarter 2014, the company anticipates revenues of $675.0 million and earnings between 43 cents and 48 cents per share. Currently, the Zacks Consensus Estimate for revenues and earnings stand at $660.0 million and 46 cents per share, respectively.
Similarly, for full-year 2014, Aaron's now expects revenues and earnings in the range of $2.65-$2.75 billion and $1.95-$2.10 per share, respectively. This is higher than the previous revenue and earnings guidance range of $2.3 billion and $1.80-$2.00 per share, respectively. Currently, the Zacks Consensus Estimate for both the top and bottom line is pegged at $2.669 billion or $2.02 per share.
For 2015, the company expects revenues and earnings in the range of $3.25-$3.35 billion and $2.55-$2.80 per share, respectively. Currently, the Zacks Consensus Estimate for both the top and bottom line is pegged at $3.290 billion or $2.66 per share.
Further, management anticipates no increase in company-operated Aaron's stores in 2014 after taking in account store closures. However, it intends to raise the number of franchised stores by 25 stores during 2014.
Further, the company is shifting focus on reviving its core business operations through disciplined growth, better execution, portfolio optimization, cost cutting and return of capital. In the process, the company expects to concentrate on returning to same-store sales growth, building a strong online platform, optimizing cost savings, limiting company-operated store growth and driving 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.
Other Stocks Worth Considering
Aaron's currently has a Zacks Rank #2 (Buy). Other stocks worth a look in the retail sector include American Apparel Inc. ( APP ) and Foot Locker, Inc . ( FL ), both of which have the same Zacks Rank as Aaron's.
AARONS INC (AAN): Free Stock Analysis Report
AMER APPAREL (APP): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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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Owing to unfavorable weather conditions, Aaron's Inc. ( AAN ) posted weak financial results for the first-quarter 2014, wherein both its top and bottom lines declined year over year. AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. In its preliminary results announced on Apr 15, Aaron's had lowered its outlook for the first quarter owing to the negative effect of the recent macroeconomic environment and adverse weather conditions.
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AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Owing to unfavorable weather conditions, Aaron's Inc. ( AAN ) posted weak financial results for the first-quarter 2014, wherein both its top and bottom lines declined year over year. Store Update Aaron's opened 9 company-operated Sales & Lease Ownership stores, 7 franchised stores and 2 company-operated HomeSmart stores in the quarter.
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Owing to unfavorable weather conditions, Aaron's Inc. ( AAN ) posted weak financial results for the first-quarter 2014, wherein both its top and bottom lines declined year over year. AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Due to decline in both comparable-store sales (comps) and softness witnessed in customer growth performance, the company's top line decreased 1.3% year over year to $585.4 million and fell short of its own guidance as well as the Zacks Consensus Estimate of $590.0 million.
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Owing to unfavorable weather conditions, Aaron's Inc. ( AAN ) posted weak financial results for the first-quarter 2014, wherein both its top and bottom lines declined year over year. AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. At the quarter-end, the company operated 2,132 stores in total.
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a7606b3f-6510-4c48-8157-48b2a31702c8
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9432.0
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2014-04-28 00:00:00 UTC
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Cytokinetics' Tirasemtiv Misses Primary Endpoint - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/cytokinetics-tirasemtiv-misses-primary-endpoint-analyst-blog-2014-04-28
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nan
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nan
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Shares of Cytokinetics, Inc. ( CYTK ) tumbled 64.7% after it announced that tirasemtiv failed to meet its primary endpoint in the phase IIb, BENEFIT-ALS (Blinded Evaluation of Neuromuscular Effects and Functional Improvement with Tirasemtiv in ALS) study.
Tirasemtiv is Cytokinetics' lead candidate under its skeletal muscle contractility program.
The BENEFIT-ALS study evaluated the safety, tolerability and efficacy of tirasemtiv in patients suffering from amyotrophic lateral sclerosis (ALS). Enrolment in this study was completed in Dec 2013.
Cytokinetics recently reported top-line results from the BENEFIT-ALS study. The detailed results will be presented during the 66th Annual Meeting of the American Academy of Neurology (AAN) on Apr 29, 2014.
The BENEFIT-ALS study missed the primary endpoint of mean change in the ALS Functional Rating Scale from baseline in its revised form (ALSFRS-R) on tirasemtiv against placebo in the study (-2.98 points (tirasemtiv) versus -2.40 points (placebo). The secondary efficacy endpoints showed mixed results.
Once the complete data from the BENEFIT-ALS study is available, the company will review and evaluate the same. Cytokinetics will then arrive at a decision regarding the development path of the candidate.
The failure of the candidate is disappointing news for Cytokinetics, as it was the lead candidate under its skeletal muscle contractility program.
Cytokinetics currently carries a Zacks Rank #3 (Hold). Investors looking for better-ranked stocks in the biopharma sector may consider companies like Questcor Pharmaceuticals, Inc. ( QCOR ), Alexion Pharmaceuticals, Inc. ( ALXN ) and Sucampo Pharmaceuticals, Inc. ( SCMP ). Questcor and Sucampo carry a Zacks Rank #1 (Strong Buy) while Alexion carries a Zacks Rank #2 (Buy).
ALEXION PHARMA (ALXN): Free Stock Analysis Report
CYTOKINETCS INC (CYTK): Free Stock Analysis Report
QUESTCOR PHARMA (QCOR): Free Stock Analysis Report
SUCAMPO PHARMAC (SCMP): 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 detailed results will be presented during the 66th Annual Meeting of the American Academy of Neurology (AAN) on Apr 29, 2014. The BENEFIT-ALS study evaluated the safety, tolerability and efficacy of tirasemtiv in patients suffering from amyotrophic lateral sclerosis (ALS). The BENEFIT-ALS study missed the primary endpoint of mean change in the ALS Functional Rating Scale from baseline in its revised form (ALSFRS-R) on tirasemtiv against placebo in the study (-2.98 points (tirasemtiv) versus -2.40 points (placebo).
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The detailed results will be presented during the 66th Annual Meeting of the American Academy of Neurology (AAN) on Apr 29, 2014. Investors looking for better-ranked stocks in the biopharma sector may consider companies like Questcor Pharmaceuticals, Inc. ( QCOR ), Alexion Pharmaceuticals, Inc. ( ALXN ) and Sucampo Pharmaceuticals, Inc. ( SCMP ). Questcor and Sucampo carry a Zacks Rank #1 (Strong Buy) while Alexion carries a Zacks Rank #2 (Buy).
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The detailed results will be presented during the 66th Annual Meeting of the American Academy of Neurology (AAN) on Apr 29, 2014. Shares of Cytokinetics, Inc. ( CYTK ) tumbled 64.7% after it announced that tirasemtiv failed to meet its primary endpoint in the phase IIb, BENEFIT-ALS (Blinded Evaluation of Neuromuscular Effects and Functional Improvement with Tirasemtiv in ALS) study. The BENEFIT-ALS study missed the primary endpoint of mean change in the ALS Functional Rating Scale from baseline in its revised form (ALSFRS-R) on tirasemtiv against placebo in the study (-2.98 points (tirasemtiv) versus -2.40 points (placebo).
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The detailed results will be presented during the 66th Annual Meeting of the American Academy of Neurology (AAN) on Apr 29, 2014. Shares of Cytokinetics, Inc. ( CYTK ) tumbled 64.7% after it announced that tirasemtiv failed to meet its primary endpoint in the phase IIb, BENEFIT-ALS (Blinded Evaluation of Neuromuscular Effects and Functional Improvement with Tirasemtiv in ALS) study. The BENEFIT-ALS study evaluated the safety, tolerability and efficacy of tirasemtiv in patients suffering from amyotrophic lateral sclerosis (ALS).
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a321b46f-d88d-4a57-93e6-7963cb9633b1
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9433.0
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2014-04-25 00:00:00 UTC
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Whirlpool Q1 Earnings Miss but Up Y/Y - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/whirlpool-q1-earnings-miss-but-up-y-y-analyst-blog-2014-04-25
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nan
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nan
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Whirlpool Corporation 's ( WHR ) adjusted earnings per share came in at $2.20 in the first quarter of 2014, way below the Zacks Consensus Estimate of $2.30. However, the reported figure was up 11.7% from the prior-year quarter.
The year-over-year improvement was primarily driven by the company's sustained focus on cost and capacity reduction and revenue growth. However, reported earnings fell 35.3% year over year to $2.02 per share.
Revenues in the quarter increased 2.7% year over year to $4,363.0 million. The top-line growth was primarily attributable to increased demand for the company's innovative products. Region-wise, North America and Europe, the Middle East and Africa (EMEA) contributed significantly to total revenue.
Moreover, Whirlpool registered year-over-year sales growth of nearly 6%, after excluding the impact of foreign currency translation and lower monetization of Brazilian (BEFIEX) tax credits. The company's revenues surpassed the Zacks Consensus Estimate of $4,222.0 million.
Gross profit improved 4.0% year over year to $755.0 million. Gross margin increased 20 basis points (bps) to 17.3%. Adjusted operating profit rose 7.9% to $302.0 million. Consequently, adjusted operating margin expanded 30 bps to 6.9% versus 6.6% in the first quarter of 2013.
Q1 Regional Performance
Revenues from North America grew 4.5% year over year at $2.3 billion. Operating profit increased 4.6% to $228.0 million in the quarter.
The year-over-year growth in operating profit was due to higher sales and better cost productivity, which was partly offset by increased material costs and investments in marketing, technology and products. Going ahead, the company expects its U.S. industry shipments to increase by 5%-7% in fiscal 2014.
Revenues from Latin America were $1.2 billion, remaining flat year over year. Moreover, excluding the effects of currency translation and Brazilian tax credits, revenues were up over 11%. Adjusted operating income was down 4.4% to $109.0 million, as increased material costs and unfavorable foreign currency exchange rate more than offset higher sales, better product price and mix as well as cost productivity initiatives. The company expects flat appliance industry shipments in Latin America in fiscal 2014.
Revenues from EMEA grew 7.8% to $720.0 million in the quarter. First-quarter adjusted operating income for the region was $7.0 million, as against operating loss of $8.0 million in the year-ago quarter, benefiting from higher sales as well as cost and capacity reduction measures. Whirlpool expects industry unit shipments in fiscal 2014 to range between flat to a 2% increase.
Revenues from Asia fell 11.2% to $166.0 million in the first-quarter of 2014. Excluding the negative impact of currency translation, revenues fell nearly 4%. Operating income rose 66.7% year over year to $5.0 million as the benefit from improved product price and mix, along with ongoing cost productivity initiatives, more than offset the higher material costs, unfavorable foreign currency translation and lower unit volumes. The company expects industry shipments in the region to range from flat to a 3% increase in fiscal 2014.
Financial Position
Whirlpool had cash and cash equivalents of $1,672.0 million as of Mar 31, 2014, compared with $1,380.0 million as of Dec 31, 2013. Long-term debt was $2,662.0 million as of Mar 31, 2014 against $1,846.0 million as of Dec 31, 2013.
This largest home-appliances manufacturer in the world, which comes ahead of ElectroluxAB, LG, Samsung, General Electric Co. ( GE ) and Haier Electronics Group Company Ltd., reported cash used in investing activities of $339.0 million in the first quarter of 2014. Meanwhile, the company spent $123.0 million toward capital expenditure during the year. Currently, Whirlpool has a negative free cash flow of $456.0 million.
Outlook
Whirlpool has reiterated its guidance for 2014. For full-year 2014, the company expects earnings per share (on a GAAP basis) in the range of $11.05-$11.55. However, considering the impact of restructuring charges, Brazilian tax credits and investment expenses, adjusted earnings per share are anticipated to be $12.00-$12.50.
Moreover, for 2014, the company expects to generate $700 million of free cash flow.
Other Stocks That Warrant a Look
Currently, Whirlpool carries a Zacks Rank #3 (Hold). However, some better-ranked retail stocks include Aaron's, Inc. ( AAN ) and Rite Aid Corp. ( RAD ). Rite Aid sports a Zacks Rank#1 (Strong Buy) while Aarons has a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
WHIRLPOOL CORP (WHR): 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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However, some better-ranked retail stocks include Aaron's, Inc. ( AAN ) and Rite Aid Corp. ( RAD ). AARONS INC (AAN): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Whirlpool registered year-over-year sales growth of nearly 6%, after excluding the impact of foreign currency translation and lower monetization of Brazilian (BEFIEX) tax credits.
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AARONS INC (AAN): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-ranked retail stocks include Aaron's, Inc. ( AAN ) and Rite Aid Corp. ( RAD ). First-quarter adjusted operating income for the region was $7.0 million, as against operating loss of $8.0 million in the year-ago quarter, benefiting from higher sales as well as cost and capacity reduction measures.
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AARONS INC (AAN): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-ranked retail stocks include Aaron's, Inc. ( AAN ) and Rite Aid Corp. ( RAD ). Revenues in the quarter increased 2.7% year over year to $4,363.0 million.
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However, some better-ranked retail stocks include Aaron's, Inc. ( AAN ) and Rite Aid Corp. ( RAD ). AARONS INC (AAN): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. However, reported earnings fell 35.3% year over year to $2.02 per share.
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8815677b-0736-42ea-bca4-dc9ca639fdc4
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9434.0
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2014-04-23 00:00:00 UTC
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Conns Inc. (CONN) Jumps: Stock Rises 7.7% - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/conns-inc.-conn-jumps%3A-stock-rises-7.7-tale-of-the-tape-2014-04-23
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nan
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nan
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Conns Inc. ( CONN ) was a big mover last session, as the company saw its shares rise by roughly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 36% in the past one-month time frame.
This electronic store has seen one negative estimate revision over the past 30 days while its Zacks Consensus Estimate has moved down over the 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 can last.
Conns currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the retail-consumer/electronic industry include Convergys Corporation ( CVG ), ICF International Inc. ( ICFI ) and Aaron's, Inc. ( AAN ). While Convergys Corporation and ICF International hold a Zacks Rank #1 (Strong Buy), Aaron's carries 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
CONNS INC (CONN): Free Stock Analysis Report
CONVERGYS CORP (CVG): Free Stock Analysis Report
ICF INTL INC (ICFI): 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 retail-consumer/electronic industry include Convergys Corporation ( CVG ), ICF International Inc. ( ICFI ) and Aaron's, Inc. ( AAN ). Click to get this free report >> AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report ICF INTL INC (ICFI): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on solid volume too with far more shares changing hands than in a normal session.
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Some better-ranked stocks in the retail-consumer/electronic industry include Convergys Corporation ( CVG ), ICF International Inc. ( ICFI ) and Aaron's, Inc. ( AAN ). Click to get this free report >> AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report ICF INTL INC (ICFI): Free Stock Analysis Report To read this article on Zacks.com click here. While Convergys Corporation and ICF International hold a Zacks Rank #1 (Strong Buy), Aaron's carries a Zacks Rank #2 (Buy).
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Click to get this free report >> AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report ICF INTL INC (ICFI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the retail-consumer/electronic industry include Convergys Corporation ( CVG ), ICF International Inc. ( ICFI ) and Aaron's, Inc. ( AAN ). While Convergys Corporation and ICF International hold a Zacks Rank #1 (Strong Buy), Aaron's carries a Zacks Rank #2 (Buy).
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Some better-ranked stocks in the retail-consumer/electronic industry include Convergys Corporation ( CVG ), ICF International Inc. ( ICFI ) and Aaron's, Inc. ( AAN ). Click to get this free report >> AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report ICF INTL INC (ICFI): Free Stock Analysis Report To read this article on Zacks.com click here. This continues the recent uptrend for the company as the stock is now up over 36% in the past one-month time frame.
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c0a662eb-08f3-4a31-a411-bfb21fce194b
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9435.0
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2014-04-22 00:00:00 UTC
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Aaron's Lifts Charges Against Vintage Capital - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-lifts-charges-against-vintage-capital-analyst-blog-2014-04-22
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nan
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nan
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Rent-to-own retailer Aaron's Inc. ( AAN ) yesterday lifted litigation charges filed against Vintage Capital Management LLC following the latter's decision to withdraw its takeover bid to acquire the former. Aaron's had sued Vintage Capital to force it to disclose details of its financing for the proposed buyout.
Vintage Capital, the second largest shareholder of Aaron's with nearly 10% stake in the company, withdrew from its previously offered $30.50 per share or $2.3 billion bid to acquire Aaron's as it expressed its disappointment in the latter's decision to buy Progressive Finance in addition to the continued distressed performance.
Vintage Capital had made a bid to acquire all shares of Aaron's in February this year quoting the aforementioned buyout offer that was priced at nearly a 12.7% premium to the latest closing price of Aaron's shares on that day. Further, the private equity firm's offer incorporated an option to raise the buyout price after negotiating with Aaron's management.
Subsequently, on Mar 7, Vintage Capital sent a notice to Aaron's intimating it of the nomination of five candidates to the latter's board at the Annual General Meeting (AGM) to be held in May. This move was a part of Vintage Capital's intention to gain a majority in Aaron's 9-member board.
Prior to the current offering, Vintage Capital had made 3 private proposals for acquiring Aaron's, which were ignored by the latter. Thereafter, the investment firm increased its shareholding to approximately 10% in the company, consequently becoming the largest stakeholder and decided to publicly disclose its offering.
Aaron's has been witnessing soft top and bottom-line performances for the last several quarters. Moreover, the company believes that the current business environment will not change significantly in the near term.
Notably, the stock price of Aaron's gained 1.6% on Monday and closed at $29.88.
Other Stocks to Consider
Currently, Aaron's holds a Zacks Rank #2 (Buy). Some better-ranked stocks worth considering in the retail industry include Barnes & Noble Inc. ( BKS ), Rite Aid Corp. ( RAD ) and Zale Corp. ( ZLC ). All of these have a Zacks Rank #1 (Strong Buy).
AARONS INC (AAN): Free Stock Analysis Report
BARNES & NOBLE (BKS): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
ZALE CORP NEW (ZLC): 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 retailer Aaron's Inc. ( AAN ) yesterday lifted litigation charges filed against Vintage Capital Management LLC following the latter's decision to withdraw its takeover bid to acquire the former. AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report To read this article on Zacks.com click here. Subsequently, on Mar 7, Vintage Capital sent a notice to Aaron's intimating it of the nomination of five candidates to the latter's board at the Annual General Meeting (AGM) to be held in May.
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AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own retailer Aaron's Inc. ( AAN ) yesterday lifted litigation charges filed against Vintage Capital Management LLC following the latter's decision to withdraw its takeover bid to acquire the former. Prior to the current offering, Vintage Capital had made 3 private proposals for acquiring Aaron's, which were ignored by the latter.
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AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own retailer Aaron's Inc. ( AAN ) yesterday lifted litigation charges filed against Vintage Capital Management LLC following the latter's decision to withdraw its takeover bid to acquire the former. Vintage Capital, the second largest shareholder of Aaron's with nearly 10% stake in the company, withdrew from its previously offered $30.50 per share or $2.3 billion bid to acquire Aaron's as it expressed its disappointment in the latter's decision to buy Progressive Finance in addition to the continued distressed performance.
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Rent-to-own retailer Aaron's Inc. ( AAN ) yesterday lifted litigation charges filed against Vintage Capital Management LLC following the latter's decision to withdraw its takeover bid to acquire the former. AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report To read this article on Zacks.com click here. Vintage Capital, the second largest shareholder of Aaron's with nearly 10% stake in the company, withdrew from its previously offered $30.50 per share or $2.3 billion bid to acquire Aaron's as it expressed its disappointment in the latter's decision to buy Progressive Finance in addition to the continued distressed performance.
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1b73af20-96c5-45d3-9cc7-4be2f71320a4
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9436.0
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2014-04-22 00:00:00 UTC
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Bear of the Day: RadioShack (RSH) - Bear of the Day
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AAN
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https://www.nasdaq.com/articles/bear-day-radioshack-rsh-bear-day-2014-04-22-0
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nan
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nan
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Is the turnaround at RadioShack ( RSH ) failing? Shares of this Zacks Rank #5 (Strong Sell) recently sold off on worries about negotiations with lenders about store closings.
RadioShack operates 4300 stores in the United States and 270 stores in Mexico. It also has about 1,000 dealer and other outlets worldwide.
RadioShack has been in a turnaround mode since the middle of 2013.
On Mar 4, it reported fourth quarter results, which included the holiday season, and it again posted a big earnings miss. Earnings were a loss of $1.29 compared to the Zacks Consensus of a loss of just $0.16.
While the holiday season was a tough one for many retailers, it was especially so for RadioShack which saw comparable same store sales plunge 19% due to traffic declines and soft performance in the mobility business.
Store Closings Announced
RadioShack finally took the more extreme measure in March of announcing major store closings. It said it would close up to 1,100 stores which have been selected based on location, area demographics, lease life and financial performance.
But according to the Wall Street Journal, the lenders weren't too happy with the announcement, with some lenders wanting even more stores closed. The parties are apparently in negotiations but this is leaving uncertainty surrounding the company.
Estimates Cut Again
Analysts don't see much hope on the horizon for a turnaround.
10 estimates have been cut for fiscal 2014 which has pushed the Zacks Consensus down to a loss of $2.39 from a loss of $1.42 just 60 days ago.
RadioShack lost $3.04 in 2013 so the Zacks Consensus is an improvement over the prior year but not by much.
Analysts are equally as pessimistic about fiscal 2015. The Zacks Consensus has fallen to a loss of $2.14 from a loss of $1.37 just 60 days ago.
Shares at 1980 Low
RadioShack made some buzz at the SuperBowl with its ad featuring cultural icons from the 1980s. Unfortunately, that's where it's stock has slid back to with shares trading at a low last seen in July 1980.
It was so long ago Zacks doesn't even have a chart that goes back that far but you can see what the 20-year chart looks like. It tells the story.
A lot of investors look at a stock like this and think because it's under $2 that it's a deal. But the company hasn't been profitable in 2 years.
Investors interested in the consumer electronics retailers should consider investing in companies in the industry that actually make money. Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year.
Want More of Our Best Recommendations?
Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential .
Learn More>>
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 .
AARONS INC (AAN): Free Stock Analysis Report
RADIOSHACK CORP (RSH): 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 a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this Zacks Rank #5 (Strong Sell) recently sold off on worries about negotiations with lenders about store closings.
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AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. Store Closings Announced RadioShack finally took the more extreme measure in March of announcing major store closings.
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AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. Store Closings Announced RadioShack finally took the more extreme measure in March of announcing major store closings.
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Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Store Closings Announced RadioShack finally took the more extreme measure in March of announcing major store closings.
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780e5e1b-5cf9-41fa-8953-0e678d9ad111
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9437.0
|
2014-04-22 00:00:00 UTC
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Bear of the Day: RadioShack (RSH) - Bear of the Day
|
AAN
|
https://www.nasdaq.com/articles/bear-day-radioshack-rsh-bear-day-2014-04-22
|
nan
|
nan
|
Is the turnaround at RadioShack ( RSH ) failing? Shares of this Zacks Rank #5 (Strong Sell) recently sold off on worries about negotiations with lenders about store closings.
RadioShack operates 4300 stores in the United States and 270 stores in Mexico. It also has about 1,000 dealer and other outlets worldwide.
RadioShack has been in a turnaround mode since the middle of 2013.
On Mar 4, it reported fourth quarter results, which included the holiday season, and it again posted a big earnings miss. Earnings were a loss of $1.29 compared to the Zacks Consensus of a loss of just $0.16.
While the holiday season was a tough one for many retailers, it was especially so for RadioShack which saw comparable same store sales plunge 19% due to traffic declines and soft performance in the mobility business.
Store Closings Announced
RadioShack finally took the more extreme measure in March of announcing major store closings. It said it would close up to 1,100 stores which have been selected based on location, area demographics, lease life and financial performance.
But according to the Wall Street Journal, the lenders weren't too happy with the announcement, with some lenders wanting even more stores closed. The parties are apparently in negotiations but this is leaving uncertainty surrounding the company.
Estimates Cut Again
Analysts don't see much hope on the horizon for a turnaround.
10 estimates have been cut for fiscal 2014 which has pushed the Zacks Consensus down to a loss of $2.39 from a loss of $1.42 just 60 days ago.
RadioShack lost $3.04 in 2013 so the Zacks Consensus is an improvement over the prior year but not by much.
Analysts are equally as pessimistic about fiscal 2015. The Zacks Consensus has fallen to a loss of $2.14 from a loss of $1.37 just 60 days ago.
Shares at 1980 Low
RadioShack made some buzz at the SuperBowl with its ad featuring cultural icons from the 1980s. Unfortunately, that's where it's stock has slid back to with shares trading at a low last seen in July 1980.
It was so long ago Zacks doesn't even have a chart that goes back that far but you can see what the 20-year chart looks like. It tells the story.
A lot of investors look at a stock like this and think because it's under $2 that it's a deal. But the company hasn't been profitable in 2 years.
Investors interested in the consumer electronics retailers should consider investing in companies in the industry that actually make money. Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year.
Want More of Our Best Recommendations?
Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential .
Learn More>>
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 .
AARONS INC (AAN): Free Stock Analysis Report
RADIOSHACK CORP (RSH): 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 ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this Zacks Rank #5 (Strong Sell) recently sold off on worries about negotiations with lenders about store closings.
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AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. Store Closings Announced RadioShack finally took the more extreme measure in March of announcing major store closings.
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AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. Store Closings Announced RadioShack finally took the more extreme measure in March of announcing major store closings.
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Aaron's Inc. ( AAN ) is a Zacks Rank #2 (Buy) stock and is expected to make $1.95 this year. AARONS INC (AAN): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Store Closings Announced RadioShack finally took the more extreme measure in March of announcing major store closings.
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c1de9f0b-ca1b-467e-b8de-a034bd844809
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9438.0
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2014-04-17 00:00:00 UTC
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Aaron's Makes Comeback, Franchisees Support - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-makes-comeback-franchisees-support-analyst-blog-2014-04-17
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nan
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nan
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Rent-to-own retailer Aaron's Inc. ( AAN ) made a comeback armed with profound support from franchisees for its Progressive Finance Holdings LLC acquisition as well as the newly formulated strategic plans. The shares of Aaron's climbed 2% on the index during yesterday's trade, to close at $29.84 per share.
The run up of shares during yesterday's trade represents a nearly 50% recovery from the 4% it lost during the previous day's trade as the company's announcement of scaling back its earnings and sales forecast overshadowed the news of Progressive's acquisition and the new growth plan.
Yesterday, the company discussed the significant benefits from the acquisition of the merchandise lease-to-own company Progressive Finance with its franchisees. Aaron's believes that this acquisition will prove transformational for the company, furnishing it an opportunity to expand into the large and growing virtual rent-to-own market.
Progressive, which provides web-based lease-to-own financing programs for retailers, is expected to provide solid investor returns for Aaron's shareholders, given its exceptional growth metrics that represent 77% annual revenue growth from $228 million in 2012 to $403 million in 2013.
Further, the company expects the acquisition to be accretive in the double-digits to cash earnings per share in 2014 and significantly accretive in 2015. Further, Aaron's will benefit from Progressive's tie-ups with the largest U.S. retailers, including Mattress Firm, Big Lots Inc. ( BIG ), Art Van Furniture and Sleepy's, which adds about 15,000 new sources of revenue for Aaron's.
Further, the company highlighted that it is shifting focus on reviving its core business operations through disciplined growth, better execution, portfolio optimization, cost cutting and return of capital. In the process, the company expects to concentrate on returning to same store sales growth trajectory, build a strong online platform, optimize cost savings, limit company-operated store growth to 2%-3% per year and encourage 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.
During the meeting, the company's franchisees applauded Aaron's by providing complete support for its recently completed acquisition. The franchisees remarked that the acquisition will take Aaron's to new heights as it reaps the benefits of Progressive's proven knowledge and experience in the online lease-to-own business. The franchisees believe the acquisition will facilitate strong expansion of Aaron's customer base through its foray into the online arena.
Aaron's currently holds a Zacks Rank #3 (Hold). Other better-ranked retail stocks that look promising and are expected to continue with their upbeat performance include American Apparel Inc. ( APP ) and Foot Locker Inc. ( FL ), both of which sport a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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 retailer Aaron's Inc. ( AAN ) made a comeback armed with profound support from franchisees for its Progressive Finance Holdings LLC acquisition as well as the newly formulated strategic plans. AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Further, the company highlighted that it is shifting focus on reviving its core business operations through disciplined growth, better execution, portfolio optimization, cost cutting and return of capital.
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AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own retailer Aaron's Inc. ( AAN ) made a comeback armed with profound support from franchisees for its Progressive Finance Holdings LLC acquisition as well as the newly formulated strategic plans. Progressive, which provides web-based lease-to-own financing programs for retailers, is expected to provide solid investor returns for Aaron's shareholders, given its exceptional growth metrics that represent 77% annual revenue growth from $228 million in 2012 to $403 million in 2013.
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AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-to-own retailer Aaron's Inc. ( AAN ) made a comeback armed with profound support from franchisees for its Progressive Finance Holdings LLC acquisition as well as the newly formulated strategic plans. Yesterday, the company discussed the significant benefits from the acquisition of the merchandise lease-to-own company Progressive Finance with its franchisees.
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Rent-to-own retailer Aaron's Inc. ( AAN ) made a comeback armed with profound support from franchisees for its Progressive Finance Holdings LLC acquisition as well as the newly formulated strategic plans. AARONS INC (AAN): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Yesterday, the company discussed the significant benefits from the acquisition of the merchandise lease-to-own company Progressive Finance with its franchisees.
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44ebe69d-679f-43d8-9b1b-d83161c263c3
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9439.0
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2014-04-16 00:00:00 UTC
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Aaron's Shares Fall, Guidance Cut the Culprit? - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-shares-fall-guidance-cut-the-culprit-analyst-blog-2014-04-16
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nan
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nan
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Shares of Aaron's Inc. ( AAN ) rolled down 4% during yesterday's trade, to close at $29.25 per share. A cut in earnings and sales forecast for the first quarter of fiscal 2014 could probably be the reason for this rent-to-own specialty retailer's share price fall. The company also kept itself busy with the rejection of Vintage Capital Management LLC's $2.3 billion takeover bid and the purchase of merchandise lease-to-own company Progressive Finance Holdings LLC.
Recognizing the negative effect of the recent macroeconomic environment and adverse weather conditions that weighed on the quarterly results of most retailers, Aaron's has lowered its earnings and revenue forecast for the first quarter of fiscal 2014.
The company noted that more than 80% of its company-operated stores are located in areas affected by the severe weather conditions throughout January and February and early March, while nearly 70% of its stores faced disrupted operations due to the weather hazards. This resulted in both same store sales and customer growth at company-operated stores falling 2% in the quarter, while franchised stores experienced negative same store sales and customer growth.
As a result, the company now projects first-quarter revenue of $587.5 million compared to $600 million guided earlier. Earnings per share for the quarter are expected to be in the 51 cents - 54 cents range, about 5 cents - 6 cents below the prior guidance range of 57 cents - 62 cents. The current Zacks Consensus Estimate stands at 59 cents per share, which may see further downward revision following the company's lowered forecast.
Further, in a separate event, the company issued a letter to shareholders communicating the details of the board's intention and future plan. In the letter, the company stated that after complete evaluation, the board finds Vintage Capital's buyout proposal of $30.50 per share or a total of $2.3 billion as inadequate and illusory. Hence, the company's board appropriately rejected the private equity firm's fourth takeover attempt since 2011 and chose to acquire the retail credit financing firm, Progressive Finance Holdings LLC, for about $700 million in cash.
Aaron's believes that the acquisition of Progressive will prove transformational for the company, furnishing it an opportunity to expand into the large and growing virtual rent-to-own market. Progressive, which provides web-based lease-to-own financing programs for retailers, is expected to provide solid investor returns for Aaron's shareholders, given its exceptional growth metrics that represent 77% annual revenue growth from $228 million in 2012 to $403 million in 2013.
Further, the company expects the acquisition to be accretive in the double-digits to cash earnings per share in 2014 and significantly accretive in 2015. Further, Aaron's will benefit from Progressive's tie-ups with the largest U.S. retailers, including Mattress Firm, Big Lots Inc. ( BIG ), Art Van Furniture and Sleepy's, which adds about 15,000 new sources of revenue for Aaron's.
Further, the company highlighted that it is shifting focus on reviving its core business operations through disciplined growth, better execution, portfolio optimization, cost cutting and return of capital. In the process, the company expects to concentrate on returning to same store sales growth trajectory, build a strong online platform, optimize cost savings, limit company-operated store growth to 2%-3% per year and encourage 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.
Aaron's currently holds a Zacks Rank #3 (Hold). Other better-ranked retail stocks that look promising and are expected to continue with their upbeat performance include American Apparel Inc. ( APP ) and Foot Locker Inc. ( FL ), both of which sport a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
AMER APPAREL (APP): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
FOOT LOCKER INC (FL): 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 ) rolled down 4% during yesterday's trade, to close at $29.25 per share. AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. In the letter, the company stated that after complete evaluation, the board finds Vintage Capital's buyout proposal of $30.50 per share or a total of $2.3 billion as inadequate and illusory.
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AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Aaron's Inc. ( AAN ) rolled down 4% during yesterday's trade, to close at $29.25 per share. This resulted in both same store sales and customer growth at company-operated stores falling 2% in the quarter, while franchised stores experienced negative same store sales and customer growth.
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AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Aaron's Inc. ( AAN ) rolled down 4% during yesterday's trade, to close at $29.25 per share. Earnings per share for the quarter are expected to be in the 51 cents - 54 cents range, about 5 cents - 6 cents below the prior guidance range of 57 cents - 62 cents.
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Shares of Aaron's Inc. ( AAN ) rolled down 4% during yesterday's trade, to close at $29.25 per share. AARONS INC (AAN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report To read this article on Zacks.com click here. The company also kept itself busy with the rejection of Vintage Capital Management LLC's $2.3 billion takeover bid and the purchase of merchandise lease-to-own company Progressive Finance Holdings LLC.
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f77dc664-4201-42c9-94df-9cc68458ef7a
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9440.0
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2014-04-15 00:00:00 UTC
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Mid-Day Market Update: US Stocks Turn Red; Pep Boys Shares Drop After Q4 Results
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AAN
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https://www.nasdaq.com/articles/mid-day-market-update-us-stocks-turn-red-pep-boys-shares-drop-after-q4-results-2014-04-15
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nan
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nan
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Midway through trading Tuesday, the Dow traded down 0.41 percent to 16,107.73 while the NASDAQ tumbled 1.34 percent to 3,968.97. The S&P also fell, dropping 0.45 percent to 1,822.31.
Leading and Lagging Sectors Utilities stocks gained Tuesday, with PPL (NYSE: PPL ) leading advancers. Meanwhile, gainers in the sector included Exelon (NYSE: EXC ), with shares up 1.3 percent, and Consolidated Edison (NYSE: ED ), with shares up 1.4 percent.
In trading on Tuesday, basic materials shares were relative laggards, down on the day by about 1.73 percent. Top decliners in the sector included Sinopec Shanghai Petrochemical Co (NYSE: SHI ), off 6.1 percent, and Vale SA (NYSE: VALE ), down 6.2 percent.
Top Headline Johnson & Johnson (NYSE: JNJ ) reported better-than-expected first-quarter earnings and lifted its full-year earnings forecast. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share. Its sales climbed to $18.1 billion versus $17.5 billion. On an adjusted basis, Johnson & Johnson earned $1.54 per share.
However, analysts were expecting earnings of $1.48 per share on sales of $18 billion. Johnson & Johnson now projects full-year earnings of $5.80 to $5.90 per share, versus its earlier forecast of $5.75 to $5.85 per share. However, analysts expected earnings of $5.82 per share.
Equities Trading UP Versartis (NASDAQ: VSAR ) shares shot up 5.62 percent to $25.94. Citigroup initiated coverage on Versartis with a Buy rating and a $60.00 price target.
Shares of The Charles Schwab (NYSE: SCHW ) got a boost, shooting up 1.34 percent to $25.64 after the company reported a 58% gain in its first-quarter profit. Charles Schwab's quarterly profit surged to $326 million, or $0.24 per share, versus a year-ago profit of $206 million, or $0.15 per share.
Potash Corp. of Saskatchewan (NYSE: POT ) shares were also up, gaining 1.33 percent to $34.34 on Globe and Mail report of potential bid from BHP Billiton (NYSE: BHP ).
Equities Trading DOWN Shares of Pep Boys - Manny, Moe & Jack (NYSE: PBY ) were down 14.79 percent to $10.20 on Q4 results. The company posted a fourth-quarter loss of $3.3 million, or $0.06 per share, versus a year-ago loss of $14.5 million, or $0.27 per share. Its revenue slipped to $495.7 million versus $530.8 million.
The Brink's Company (NYSE: BCO ) shares tumbled 11.08 percent to $25.41 after the company reported that it will report Venezuela results at SICA II exchange rate.
Aaron's (NYSE: AAN ) was down, falling 6.89 percent to $28.37 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance.
Commodities In commodity news, oil traded down 0.10 percent to $103.95, while gold traded down 1.76 percent to $1,304.20.
Silver traded down 2.30 percent Tuesday to $19.55, while copper fell 1.83 percent to $2.98.
Eurozone European shares were lower today.
The Spanish Ibex Index fell 0.83 percent, while Italy's FTSE MIB Index dropped 2.33 percent.
Meanwhile, the German DAX fell 1.80 percent and the French CAC 40 slipped 0.89 percent while U.K. shares declined 0.70 percent.
Economics The ICSC-Goldman same-store sales index declined 0.3% in the week ended Saturday versus the prior week.
US consumer prices climbed 0.2% in March, while the core CPI also gained 0.2%. However, economists were projecting the overall CPI to rise 0.1% and the core index to gain 0.1% in the month.
The Johnson Redbook Retail Sales Index fell 1% in the first week of April versus March.
The Empire State manufacturing index fell to 1.29 in April, versus a prior reading of 5.61. However, economists were expecting a reading of 8.00.
The NAHB housing market index rose to a reading of 47 in April, versus 46 in March. However, economists were projecting a reading of 50.
© 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 ) was down, falling 6.89 percent to $28.37 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Shares of The Charles Schwab (NYSE: SCHW ) got a boost, shooting up 1.34 percent to $25.64 after the company reported a 58% gain in its first-quarter profit. Equities Trading DOWN Shares of Pep Boys - Manny, Moe & Jack (NYSE: PBY ) were down 14.79 percent to $10.20 on Q4 results.
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Aaron's (NYSE: AAN ) was down, falling 6.89 percent to $28.37 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Top Headline Johnson & Johnson (NYSE: JNJ ) reported better-than-expected first-quarter earnings and lifted its full-year earnings forecast. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share.
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Aaron's (NYSE: AAN ) was down, falling 6.89 percent to $28.37 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Meanwhile, gainers in the sector included Exelon (NYSE: EXC ), with shares up 1.3 percent, and Consolidated Edison (NYSE: ED ), with shares up 1.4 percent. Johnson & Johnson now projects full-year earnings of $5.80 to $5.90 per share, versus its earlier forecast of $5.75 to $5.85 per share.
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Aaron's (NYSE: AAN ) was down, falling 6.89 percent to $28.37 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Midway through trading Tuesday, the Dow traded down 0.41 percent to 16,107.73 while the NASDAQ tumbled 1.34 percent to 3,968.97. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share.
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dc205ed6-22fd-4ac3-8bd5-110465273fcb
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9441.0
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2014-04-15 00:00:00 UTC
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Notable Two Hundred Day Moving Average Cross - AAN
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AAN
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https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-aan-2014-04-15
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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 $28.80, changing hands as low as $27.95 per share. Aaron's, Inc. shares are currently trading off about 7.3% 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 $32.64 as the 52 week high point - that compares with a last trade of $28.32.
According to the ETF Finder at ETF Channel, AAN makes up 2.84% 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 $28.80, changing hands as low as $27.95 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 $32.64 as the 52 week high point - that compares with a last trade of $28.32. According to the ETF Finder at ETF Channel, AAN makes up 2.84% 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 $28.80, changing hands as low as $27.95 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 $32.64 as the 52 week high point - that compares with a last trade of $28.32. According to the ETF Finder at ETF Channel, AAN makes up 2.84% 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 $28.80, changing hands as low as $27.95 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 $32.64 as the 52 week high point - that compares with a last trade of $28.32. According to the ETF Finder at ETF Channel, AAN makes up 2.84% 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 $28.80, changing hands as low as $27.95 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 $32.64 as the 52 week high point - that compares with a last trade of $28.32. According to the ETF Finder at ETF Channel, AAN makes up 2.84% 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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8b3653fb-82ac-4dde-b973-6ad3105718ae
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9442.0
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2014-04-15 00:00:00 UTC
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Mid-Morning Market Update: Markets Gain; Johnson & Johnson Profit Beats Street View
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AAN
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-gain-johnson-johnson-profit-beats-street-view-2014-04-15
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nan
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nan
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Following the market opening Tuesday, the Dow traded up 0.51 percent to 16,256.37 while the NASDAQ surged 0.47 percent to 4,041.78. The S&P also rose, gaining 0.59 percent to 1,841.41.
Leading and Lagging Sectors Healthcare stocks gained Tuesday, with Prestige Brands Holdings (NYSE: PBH ) leading advancers after the company announced its plans to acquire Hydralyte. Meanwhile, gainers in the sector included Repligen (NASDAQ: RGEN ), with shares up 6 percent, and Dendreon (NASDAQ: DNDN ), with shares up 4 percent.
In trading on Tuesday, basic materials shares were relative laggards, down on the day by about 0.81 percent. Top decliners in the sector included Sinopec Shanghai Petrochemical Co (NYSE: SHI ), off 5.9 percent, and Thompson Creek Metals Company (NYSE: TC ), down 5.1 percent.
Top Headline Johnson & Johnson (NYSE: JNJ ) reported better-than-expected first-quarter earnings and lifted its full-year earnings forecast. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share. Its sales climbed to $18.1 billion versus $17.5 billion. On an adjusted basis, Johnson & Johnson earned $1.54 per share. However, analysts were expecting earnings of $1.48 per share on sales of $18 billion. Johnson & Johnson now projects full-year earnings of $5.80 to $5.90 per share, versus its earlier forecast of $5.75 to $5.85 per share. However, analysts expected earnings of $5.82 per share.
Equities Trading UP Versartis (NASDAQ: VSAR ) shares shot up 7.92 percent to $26.50. Citigroup initiated coverage on Versartis with a Buy rating and a $60.00 price target.
Shares of The Charles Schwab (NYSE: SCHW ) got a boost, shooting up 2.81 percent to $26.01 after the company reported a 58% gain in its first-quarter profit. Charles Schwab's quarterly profit surged to $326 million, or $0.24 per share, versus a year-ago profit of $206 million, or $0.15 per share.
Halozyme Therapeutics (NASDAQ: HALO ) shares were also up, gaining 4.03 percent to $7.48. Citigroup initiated coverage on Halozyme Therapeuticswith a Buy rating and a $12.00 price target.
Equities Trading DOWN Shares of Pep Boys - Manny, Moe & Jack (NYSE: PBY ) were down 11.11 percent to $10.64 on Q4 results. The company posted a fourth-quarter loss of $3.3 million, or $0.06 per share, versus a year-ago loss of $14.5 million, or $0.27 per share. Its revenue slipped to $495.7 million versus $530.8 million.
The Brink's Company (NYSE: BCO ) shares tumbled 6.44 percent to $26.73 after the company reported that it will report Venezuela results at SICA II exchange rate.
Aaron's (NYSE: AAN ) was down, falling 5.97 percent to $28.65 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance.
Commodities In commodity news, oil traded down 0.71 percent to $103.31, while gold traded down 2.49 percent to $1,294.50.
Silver traded down 2.85 percent Tuesday to $19.44, while copper fell 2.01 percent to $2.98.
Eurozone European shares were mostly lower today.
The Spanish Ibex Index rose 0.37 percent, while Italy's FTSE MIB Index dropped 0.62 percent.
Meanwhile, the German DAX fell 0.36 percent and the French CAC 40 climbed 0.23 percent while U.K. shares declined 0.10 percent.
Economics The ICSC-Goldman same-store sales index declined 0.3% in the week ended Saturday versus the prior week.
US consumer prices climbed 0.2% in March, while the core CPI also gained 0.2%. However, economists were projecting the overall CPI to rise 0.1% and the core index to gain 0.1% in the month.
The Johnson Redbook Retail Sales Index fell 1% in the first week of April versus March.
The Empire State manufacturing index fell to 1.29 in April, versus a prior reading of 5.61. However, economists were expecting a reading of 8.00.
The NAHB housing market index rose to a reading of 47 in April, versus 46 in March. However, economists were projecting a reading of 50.
The Treasury is set to auction 4-week bills.
© 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 ) was down, falling 5.97 percent to $28.65 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Shares of The Charles Schwab (NYSE: SCHW ) got a boost, shooting up 2.81 percent to $26.01 after the company reported a 58% gain in its first-quarter profit. Equities Trading DOWN Shares of Pep Boys - Manny, Moe & Jack (NYSE: PBY ) were down 11.11 percent to $10.64 on Q4 results.
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Aaron's (NYSE: AAN ) was down, falling 5.97 percent to $28.65 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Top Headline Johnson & Johnson (NYSE: JNJ ) reported better-than-expected first-quarter earnings and lifted its full-year earnings forecast. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share.
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Aaron's (NYSE: AAN ) was down, falling 5.97 percent to $28.65 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Meanwhile, gainers in the sector included Repligen (NASDAQ: RGEN ), with shares up 6 percent, and Dendreon (NASDAQ: DNDN ), with shares up 4 percent. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share.
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Aaron's (NYSE: AAN ) was down, falling 5.97 percent to $28.65 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Following the market opening Tuesday, the Dow traded up 0.51 percent to 16,256.37 while the NASDAQ surged 0.47 percent to 4,041.78. Equities Trading UP Versartis (NASDAQ: VSAR ) shares shot up 7.92 percent to $26.50.
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f970dd4f-d0b4-4f9c-8ea8-a04848c8452b
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9443.0
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2014-04-15 00:00:00 UTC
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Mid-Afternoon Market Update: Markets Trade in Highly Volatile Session as Talk of a Pull-Back is Widespread
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AAN
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https://www.nasdaq.com/articles/mid-afternoon-market-update-markets-trade-highly-volatile-session-talk-pull-back
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nan
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nan
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Toward the end of trading Tuesday, the Dow traded up 0.49 percent to 16,252.73 while the NASDAQ rose 0.44 percent to 4,039.97. The S&P also rose, gaining 0.65 percent to 1,842.31.
Leading and Lagging Sectors Utilities stocks gained Tuesday, with PPL (NYSE: PPL ) leading advancers. Meanwhile, gainers in the sector included Exelon (NYSE: EXC ), with shares up 1.3 percent, and Consolidated Edison (NYSE: ED ), with shares up 1.4 percent.
In trading on Tuesday, basic materials shares were relative laggards, down on the day by about 1.73 percent. Top decliners in the sector included Sinopec Shanghai Petrochemical Co (NYSE: SHI ), off 6.1 percent, and Vale SA (NYSE: VALE ), down 6.2 percent.
Top Headline Johnson & Johnson (NYSE: JNJ ) reported better-than-expected first-quarter earnings and lifted its full-year earnings forecast. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share. Its sales climbed to $18.1 billion versus $17.5 billion. On an adjusted basis, Johnson & Johnson earned $1.54 per share.
However, analysts were expecting earnings of $1.48 per share on sales of $18 billion. Johnson & Johnson now projects full-year earnings of $5.80 to $5.90 per share, versus its earlier forecast of $5.75 to $5.85 per share. However, analysts expected earnings of $5.82 per share.
Equities Trading UP Twitter (NASDAQ: TWTR ) had a strong session Tuesday, rising 9.37 percent to $44.70 after the company made a key acquisition and nabbed the former head of Google Maps as its new product chief.
Shares of The Charles Schwab (NYSE: SCHW ) got a boost, shooting up 3.10 percent to $26.08 after the company reported a 58% gain in its first-quarter profit. Charles Schwab's quarterly profit surged to $326 million, or $0.24 per share, versus a year-ago profit of $206 million, or $0.15 per share.
Conns (NASDAQ: CONN ) was also on the rise late in Tuesdays session, gaining 14.78 percent to $45.58 after news broke that a major shareholder, W.R. Stephens Jr, purchased over 152 thousand additional shares during Monday's session.
Equities Trading DOWN Shares of Arrowhead Research (NASDAQ: ARWR ) fell on Tuesday session, losing 8.01 percent to $11.49 after the company announced it would significantly reduce its internal research into RNA therapeutics.
The Brink's Company (NYSE: BCO ) shares tumbled 11.94 percent to $25.16 after the company reported that it will report Venezuela results at SICA II exchange rate.
Aaron's (NYSE: AAN ) was down, falling 2.99 percent to $29.56 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance.
Commodities In commodity news, oil traded down 0.46 percent to $103.57, while gold traded down 1.78 percent to $1,303.20.
Silver traded down 1.95 percent Tuesday to $19.60, while copper fell 1.55 percent to $2.99.
Eurozone European shares were lower today.
The Spanish Ibex Index fell 0.83 percent, while Italy's FTSE MIB Index dropped 2.33 percent.
Meanwhile, the German DAX fell 1.80 percent and the French CAC 40 slipped 0.89 percent while U.K. shares declined 0.70 percent.
Economics The ICSC-Goldman same-store sales index declined 0.3% in the week ended Saturday versus the prior week.
US consumer prices climbed 0.2% in March, while the core CPI also gained 0.2%. However, economists were projecting the overall CPI to rise 0.1% and the core index to gain 0.1% in the month.
The Johnson Redbook Retail Sales Index fell 1% in the first week of April versus March.
The Empire State manufacturing index fell to 1.29 in April, versus a prior reading of 5.61. However, economists were expecting a reading of 8.00.
The NAHB housing market index rose to a reading of 47 in April, versus 46 in March. However, economists were projecting a reading of 50.
© 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 ) was down, falling 2.99 percent to $29.56 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Equities Trading UP Twitter (NASDAQ: TWTR ) had a strong session Tuesday, rising 9.37 percent to $44.70 after the company made a key acquisition and nabbed the former head of Google Maps as its new product chief. Shares of The Charles Schwab (NYSE: SCHW ) got a boost, shooting up 3.10 percent to $26.08 after the company reported a 58% gain in its first-quarter profit.
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Aaron's (NYSE: AAN ) was down, falling 2.99 percent to $29.56 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Top Headline Johnson & Johnson (NYSE: JNJ ) reported better-than-expected first-quarter earnings and lifted its full-year earnings forecast. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share.
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Aaron's (NYSE: AAN ) was down, falling 2.99 percent to $29.56 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Meanwhile, gainers in the sector included Exelon (NYSE: EXC ), with shares up 1.3 percent, and Consolidated Edison (NYSE: ED ), with shares up 1.4 percent. Johnson & Johnson's quarterly profit rose to $4.73 billion, or $1.64 per share, from a year-ago profit of $3.5 billion, or $1.22 per share.
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Aaron's (NYSE: AAN ) was down, falling 2.99 percent to $29.56 after the company announced its plans to buy Progressive Finance Holdings for $700 million in cash and lowered its Q1 guidance. Toward the end of trading Tuesday, the Dow traded up 0.49 percent to 16,252.73 while the NASDAQ rose 0.44 percent to 4,039.97. Silver traded down 1.95 percent Tuesday to $19.60, while copper fell 1.55 percent to $2.99.
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79e72c0e-33b6-40a1-a6a4-559571126b9f
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9444.0
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2014-03-24 00:00:00 UTC
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ANN Soars on Golden Gate Stake Buy - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/ann-soars-on-golden-gate-stake-buy-analyst-blog-2014-03-24
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nan
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nan
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Shares of ANN Inc. ( ANN ) gained momentum and soared to a record 52-week high of $43.61 on Friday, March 21, after Golden Gate Capital Corp. revealed that it has bought a 9.5% stake in this women's apparel and accessories retailer. Eventually, the stock closed trade at $42.05, up 13% from the previous day's session.
As per Bloomberg , the move has made Golden Gate the largest shareholder of ANN, followed by BlackRock Inc. ( BLK ) that has a 9.3% stake in the company. The private equity firm, Golden Gate believes that the owner of Ann Taylor and LOFT clothing brands is highly undervalued in spite of the company being managed efficiently.
For the past one year, various private equity firms have acquired stakes in retail companies amid the recovering U.S. economy and improving job environment. Last month, Vintage Capital, a private equity firm, made an offer of $30.50 per share or $2.3 billion to acquire the leading rent-to-own retailer, Aaron's Inc. ( AAN ). Last year, the Los Angeles based teen apparel retailer, Hot Topic Inc. was taken over by NY-based private equity firm, Sycamore Partners for a total sum of approximately $600 million.
In its letter to ANN's management, Golden Gate revealed its intention of working with the retailer to enhance shareholders' value. ANN, which had posted record earnings for two consecutive years and the four straight year of improving comparable-store sales, welcomed the move.
Last week, ANN, which competes with American Apparel, Inc. ( APP ), came out with its fourth-quarter fiscal 2013 results, wherein earnings of 10 cents per share increased twofold from the year-ago quarter and surpassed the Zacks Consensus Estimate of 7 cents. The stock has gained 28.7% since the company's preliminary earnings announcement on Feb 6.
Buoyed by better-than-expected fourth-quarter results, this Zacks Rank #3 (Hold) stock provided an impressive guidance for fiscal 2014. It anticipates net sales of $2.6 billion, with comps rising in the low single digits range. Moreover, gross margin is expected to be around 54%. Further, the company projects to spend $120 million as capital expenditure.
Management believes that the company is well positioned for sustained growth in the future, given that both of its brands will begin the spring season with solid product offerings. ANN also plans to further its international operations as it intends to enhance its brands in Canada and introduce its first LOFT store in Mexico at the end of 2014. These initiatives, along with its integrated stores and e-Commerce structure, are expected to push ANN to a new height in the omni-channel world.
AARONS INC (AAN): Free Stock Analysis Report
ANN INC (ANN): Free Stock Analysis Report
AMER APPAREL (APP): Free Stock Analysis Report
BLACKROCK INC (BLK): 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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Last month, Vintage Capital, a private equity firm, made an offer of $30.50 per share or $2.3 billion to acquire the leading rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report To read this article on Zacks.com click here. The private equity firm, Golden Gate believes that the owner of Ann Taylor and LOFT clothing brands is highly undervalued in spite of the company being managed efficiently.
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Last month, Vintage Capital, a private equity firm, made an offer of $30.50 per share or $2.3 billion to acquire the leading rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report To read this article on Zacks.com click here. The private equity firm, Golden Gate believes that the owner of Ann Taylor and LOFT clothing brands is highly undervalued in spite of the company being managed efficiently.
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AARONS INC (AAN): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report To read this article on Zacks.com click here. Last month, Vintage Capital, a private equity firm, made an offer of $30.50 per share or $2.3 billion to acquire the leading rent-to-own retailer, Aaron's Inc. ( AAN ). Shares of ANN Inc. ( ANN ) gained momentum and soared to a record 52-week high of $43.61 on Friday, March 21, after Golden Gate Capital Corp. revealed that it has bought a 9.5% stake in this women's apparel and accessories retailer.
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Last month, Vintage Capital, a private equity firm, made an offer of $30.50 per share or $2.3 billion to acquire the leading rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report ANN INC (ANN): Free Stock Analysis Report AMER APPAREL (APP): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report To read this article on Zacks.com click here. The private equity firm, Golden Gate believes that the owner of Ann Taylor and LOFT clothing brands is highly undervalued in spite of the company being managed efficiently.
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2014-03-13 00:00:00 UTC
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Retail Industry Stock Outlook - March 2014 - Industry Outlook
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AAN
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https://www.nasdaq.com/articles/retail-industry-stock-outlook-march-2014-industry-outlook-2014-03-13
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Retailers procure goods in large quantities directly from manufacturers or wholesalers and sell them in smaller quantities to customers through retail shops or online platforms. As consumer spending is the key to the viability of any economy, the health of the retail industry becomes an important economic indicator.
As a leader in the retail business, the United States provides ample growth opportunities for all types of retail companies. The retail industry covers everything in its scope, ranging from internet catalog sales, auto dealers, convenience stores, vending machines and clothing -- thus dividing retailers into numerous categories. Retailers of all sizes, including individual direct marketers or direct sellers, small- to medium-sized franchise unit owners, and large "big-box" store operators compete in the U.S.
From a growth perspective, the retail industry ranks among the dominant U.S. industries and employs an enormous workforce. Retail sales represent approximately 30% of consumer spending, which itself accounts for more two-thirds of the economy.
Correlation with the Economy
After high political and economic drama in 2013, the year 2014 opened to a soft start given the not-so-convincing emerging economies and a severe winter that locked consumers indoors. However, following the weather improvement through the second half of February the business seemed to have picked up putting the U.S. economy on the growth path. So far this year, the S&P 500 has gained roughly 1.9%, The Nasdaq Composite Index rose about 4.0%, while the Dow Jones Industrial Average lost a marginal 0.5% with a major recovery seen in February.
Despite volatility in the indices so far, the economic outlook for 2014 remains positive based on favorable economic data and an improved consumer and business outlook. This view is further supported by the recent Economic Report issued by the White House Council of Economic Advisors on Mar 10, 2014, wherein President Obama's advisers signaled that the U.S. economy is set to improve in the next two years. One could discount the value of the White House report on partisan grounds, the report's overall views and conclusions are completely in-line with market consensus and even the projections of the U.S. Federal Reserve's FOMC members.
The White House report suggests that economic strength is on the cards for the U.S. economy as the unemployment rate have bottomed to levels not reached in over five years, fiscal deficits have been reduced by over 50%, the housing market has rebound, manufacturers are adding jobs for the first time since the 1990s and exports are picking up.
Looking ahead, the report projects Real GDP to grow in the 3.2% - 3.4% range during the four years through 2017, while market analysts' continue to suggest about 3% economic growth (GDP) in 2014. Further, the report anticipates the unemployment rate to drop to 5.5% by the end of fourth quarter of 2017 compared to the current unemployment rate of 6.7% (as of February-end) as reported by the Bureau of Labor Statistics on Mar 12, 2014.
Further, the report suggests faster growth in consumer spending in 2014 compared to the 2% rate during the past three years as households continue to substantially lower their debts, thus improving their spending appetite.
However, the recent Conference Board's data on Consumer Confidence Index reflected a 1.3 points fall to 78.1 in Feb 2014, following a rise in January to 79.4. Meanwhile, the University of Michigan's Consumer Sentiment survey showed a 0.5% sequential and 5.2% year-over-year improvement to 81.6 in Feb 2014.
With economic activity gradually gaining traction, the Federal Reserve has so far reduced its monthly bond purchases by $20 billion to $65 billion, in two rounds of $10 billion tapering each. However, the timing of the next round of tapering remains uncertain. In the last Fed meeting in January, policymakers had voted in favor of a plan to reduce the monthly bond purchases by $10 billion at each future meeting. The Federal Open Market Committee did not meet in February.
Looking back, the Federal Reserve had initiated a monthly stimulus program of $85 billion to boost economic growth and keep interest rates low. The Fed now lowered its purchase of mortgage-backed securities by $5 billion to $30 billion a month and its purchase of Treasury securities by another $5 billion to $35 billion per month.
The Fed had earlier indicated that it would ease monetary stimulus only after considering the job scenario, inflation and economic growth. However, officials are still trying to convince investors that despite the tapering, they would try to keep the interest rates near zero until the unemployment rate drops below 6.5%. The Fed aims to bring the inflation rate to 2% to stimulate economic growth, as chances of deflation lower the incentives.
Key Metrics
The key data in the retail industry analysis is comparable-store sales (comps), as it excludes sales at newly opened and closed stores. The sales data for most retailers have been in the doldrums for the past three months, owing to a short and promotional holiday season in December followed by the inclement weather due to the polar vortex throughout January and most of February.
While the latest key metrics data released last week reflected negative February comps for many retailers, there were others that benefited from the improved customer traffic due to a return to normal weather in late February. This was positively timed with the government's tax refunds, thus boosting the purchasing power of consumers. As a result, the key metric data for February was a mixed bag.
The aggrieved retailers list for the month was topped by The Gap Inc. ( GPS ), which posted a 7% fall in comps and a 3.8% decline in net sales to $929 million for February. Other major losers on the list include the off-price retailer of apparels, footwear and accessories, Stein Mart Inc. ( SMRT ), which registered a 2.1% decline in February comps, while total sales dipped 2.5%.
The Buckle Inc. ( BKE ), a retailer of casual apparels, footwear and accessories for men and women, posted a 1.4% decline in comps when compared with Feb 2013 results. However, net sales increased by a marginal 0.2% to $89.5 million. Discount store operator Fred's Inc. ( FRED ) reported a 2.2% fall in comps on top of a 1.5% decline last year. Net sales for Feb 2014 were down 1% to $157.5 million.
On the other hand, the list of gainers despite the alarming weather was led by drugstore operator Walgreen Co. ( WAG ), which posted a 4.5% rise in comps and a 5% increase in total sales. This was followed by L Brands Inc. ( LTD ), Costco Wholesale Corp. ( COST ) and Zumiez Inc. ( ZUMZ ), all of which posted a 2% rise in comps for February.
Sales for the clothing retail chain L Brands rose 5.2% to $750 million, while the warehouse retailer Costco Wholesale delivered sales growth of 4% to $7.90 billion. Meanwhile, Washington-based retailer of sports-related teen apparel Zumiez reported an 8.8% increase in sales to $48.4 million from $44.5 million in the year-ago period.
Drugstore chain retailer Rite Aid Corp. ( RAD ) reported 1.5% growth in comparable-store sales for Feb 2014, while total drugstore sales climbed 2.4% to $2.515 billion for the month. Apparel and accessories retailer Cato Corporation ( CATO ) reported a 1% rise in comps with a 3% improvement in net sales.
However, the U.S. retail and food services sales data for Jan 2014 were disappointing. According to the U.S. Census Bureau, the retail and food services sales fell 0.4% sequentially but improved 2.6% year over year to $427.8 billion.
Trends to Rule 2014
The retail industry is rapidly evolving with a dramatic change in consumer buying habits. Consumers today are knowledgeable, more inquisitive and choosy. Satisfying customers and enriching their buying experience require new strategies. Modern retailing, interestingly enough, is a new game with new rules.
According to the National Retail Federation's (NRF) monthly economic review published on Feb 6, 2014, retail industry sales (excluding automobiles, gas stations and restaurants) is projected to grow 4.1% for 2014, modestly higher than the preliminary 3.7% growth registered in 2013. Further, given the recent boom in the digital world, NRF anticipates solid growth for the online business this year capturing growth rates in the 9% - 12% range against 10.3% growth in 2013.
Some of the trends that are expected to rule the retail sector going forward include increased technological solutions, incorporating customer feedback and targeting additional audiences with products and services.
Omnichannel Retailing the New Norm: The sluggish U.S. economy and continued weakness in Europe have driven retailers to focus on buyers' needs and lure them with innovative products, attractive discounts, free shipping and the ease of shopping through smartphones and tablets. As these efforts failed to pay off, retailers felt the need for a better channel to connect with customers and engage them through all possible means.
This gave rise to the "omnichannel" approach, which focuses on providing more touch points and multiple channels to customers. This approach facilitates the use of all possible mediums to engage consumers, including brick and mortar stores, online and mobile at the same time or alternatively.
This strategy provides customers the ease of selection, purchase and exchange of a product through multiple channels. For example, a customer may select a product online, buy it through his phone and may have the option to exchange the same by visiting a store without any hassle. Some retailers who are already benefiting from this strategy include Staples Inc. ( SPLS ), Macy's Inc. ( M ), Nordstrom Inc. ( JWN ) and Chico's FAS Inc. ( CHS ).
Personalized in-store Experience: With the growth of the .com era and an evolved consumer, retailers are pulling up their socks to reinvent their marketing style, evolving from the previous mass advertising and promotions format to a more personalized method, which will impress today's omnichannel customer. The consumer today seeks a more direct communication through an app on their smartphone or an internet chat on the company's website. Moreover, the customers prefer tailored offers and recommendations online as well as in stores.
Increasing Use of Mobile Wallet Technology: With everything in retail undergoing a sea change, the modes of payment used when shopping have also evolved drastically. The increasing use of smartphones, tablets and mobile technology has given rise to a new mobile application called 'mobile wallet' through which customers can be make payments instantly using their smartphones or tablets. Though cash and credit cards will remain the primary payment methods, the use of mobile wallets is catching up quickly among mobile users for the convenience it offers.
The popularity of this app among customers is driving retailers to adapt this payment mode by collaborating with some of the mobile wallet providers available in the market like PayPal, Google Wallet, Square Wallet, Dwolla, and more.
In a recent stride in this direction, leading car rental company Avis Budget Group Inc. ( CAR ) fused its express rental service "Avis Preferred" with the Google Wallet application. Moreover, the PayPal app has gained recognition with a wide array of retailers including Abercrombie & Fitch Co. ( ANF ), Advance Auto Parts Inc. ( AAP ), Aeropostale Inc. ( ARO ), American Eagle Outfitters Inc. ( AEO ), Barnes & Noble Inc. ( BKS ), Foot Locker Inc. ( FL ), Guitar Center, Jamba Inc.'s ( JMBA ) Jamba Juice, J.C. Penney Company Inc. ( JCP ), Jos. A. Bank Clothiers Inc. ( TM ), Nine West, Office Depot Inc. ( JOSB ), Rooms To Go, Tiger Direct and Toys "R" Us.
Technology-Friendly Brick & Mortar Stores: With shoppers increasingly becoming tech savvy, the brick and mortar stores need to brace themselves to move away from their old-fashioned layouts and adopt innovative in-store technologies. The simplest way to do this is the adoption of in-store mobile devices, through which customers can make payments, see product demonstrations, gather information and connect to social networks.
A step in this direction was demonstrated by Apple Inc. ( AAPL ), which equipped its associates with iPhones to enable them to assist customers and receive payments anywhere in the store. This reduces billing queues and ensures efficient management of space, making stores less congested.
Further, retailers are exploring new ways to use mobile devices in-store. They are looking for mobile apps that track customers as they shop, sending them tailored offers related to the store section they are in; recommending items based on past purchases; or allowing shoppers to program automated shopping lists.
In-store technologies that customers look for in stores these days include mobile point of sales, price checkers, self-checkout payment lanes, information kiosks, digital signage, etc. Other innovative technologies that will prove effective to engage customers both in-store and elsewhere are smart shelves, Wi-Fi hot spots, point-of-sales (POS) systems, virtual storefronts and endless aisles.
Reinvention of Loyalty Programs: Loyalty programs offer an edge to retailers as customers come back for more offers. However, the age old reward programs are losing popularity among shoppers as the offers are sometimes irrelevant and the benefit accumulation is slow.
With the trends changing in retail, retailers are now perking up their loyalty programs replacing loyalty cards with customized offers based on social information, behavioral patterns of shoppers, frequently bought items and other such details. Retailers who have shown stringent focus on enhancing rewards on their loyalty schemes include Nordstrom, Rite Aid Corp. ( RAD ), Office Depot and many others.
Impact of Social Media on Shopping Decisions: With the growth of the social networking sites and its use by the masses, business firms have also entered social media to promote their business. Through the social platforms retailers can advertise their brand and launch new products and campaigns. Companies also offer mobile coupons exclusively through these platforms, largely influencing the buying decisions of shoppers.
Additionally, these social platforms provide an insight into what the customers will buy in the stores based on the interest shown by them regarding products featured on these sites.
Investing in Big Data to Track Shoppers: With the growing need for giving personal attention to shoppers, retailers are widely investing in big data solutions that help accumulate information regarding the behavior patterns, history and background of customers. The analysis of this data facilitates the prediction of customer reaction, formulating pricing strategies, offering shopper-specific discounts and providing personalized recommendations to shoppers.
Growth of Retail in Emerging Markets: Having tapped most of the potential in the domestic markets, a pattern recently noticed among retailers is their venture into the emerging markets. Most retail chains are witnessing growing demand for their products in countries like Brazil, the Middle East, China and India, targeting to grow exposure in these countries over time. Some of the retailers venturing into these markets include The Gap, The Clorox Company ( CLX ), Ralph Lauren Corp. ( RL ), V.F. Corp. ( VFC ) and Tiffany & Co. ( TIF ).
Challenges and Some Remedial Measures
The retail industry is highly competitive and encounters significant challenges. With a slow recovery in the U.S. economy, consumers remain exposed to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels, and high household debt levels, which may negatively impact their discretionary spending and eventually adversely affect the growth and profitability of retail companies.
Macroeconomic Conditions: Retail is no different from other U.S. industries, which is highly dependent on the economy to prosper. Such heightened dependence on the economy and factors like job growth and interest rates indicate that a speedy recovery of the economy is vital for the health of the retail industry. While the unemployment rate has decreased considerably over time, consumers are now beginning to draw out their savings to spend, anticipating some economic recovery.
Lack of Focus on Research & Development: Despite the focus shifting to consumers in retail, there still remains a conservative approach among retailers when it comes to research and development budgets. Looking from another perspective, given the rising use of digital and social media, retailers lag customers when it comes to adopting new technologies and platforms.
This ever-changing technological scenario demands continued investment in research & development to remain updated. For example, the mobile point of sales technology introduced some years back as a new innovation has now become a must-have in retail stores.
To prosper in this high-tech era, retailers need to hold back on the adoption of every new technology and focus only on the ones that help enhance their brand proposition. Identifying the best options and investments in that direction will help fetch results.
More Data Analysis Raises Consumer Privacy Risk: Though the tracking systems developed to study consumer behavior are doing well for retailers, their sustainability is questionable as customers may be irked by such tracking over time. As a result, they may register for 'Do Not Track' systems to prevent tracking.
In order to address this issue, companies should educate shoppers on the benefits for such data analysis. Customers need to be informed that the tracking systems installed in their stores are solely for data collection and will not hinder their privacy in any way.
Zacks Industry Rank
Within the Zacks Industry classification, Retail/Wholesale (one of 16 Zacks sectors) is divided into two categories -- Nonfood Retail-Wholesale and Food/Drug- Retail/Wholesale under the Medium (M) Industry Group and further sub-divided into 14 industries at the expanded (X) level -- Building Products-Retail/Wholesale, Internet Commerce, Retail/Wholesale Auto/Truck, Retail-Apparel/Shoe, Retail-Consumer Electronic, Retail-Discount, Retail-Drug Store, Retail-Jewelry, Retail-Miscellaneous/Diversified, Retail-Restaurants, Retail-RGN Department, Retail-Supermarket, Retail/Wholesale-Auto Parts and Retail/Wholesale CMP.
We divide the 16 Zacks sectors into 60 M-level industries and 250 X-level industry groups. We rank all the 250 plus industries in the 16 Zacks sectors based on the earnings outlook and fundamental strength of the constituent companies in each industry. To learn more visit: About Zacks Industry Rank .
As a point of reference, the outlook for industries with Zacks Industry Rank #88 and lower is 'Positive,' between #89 and #176 is 'Neutral' and #177 and higher is 'Negative.'
The Zacks Industry Rank for Retail/Wholesale-Auto Parts is #2, Retail/Wholesale CMP #11, Retail-Jewelry #43, Building Products-Retail/Wholesale #50, Retail-Drug Store #67, Retail/Wholesale Auto/Truck #75, Retail-RGN Department #190, Retail-Restaurants #199, Retail-Supermarket #199, Retail-Miscellaneous/Diversified #205, Retail-Apparel/Shoe #222, Internet Commerce #223, Retail-Discount #240 and Retail-Consumer Electronic #255.
On analyzing the Zacks Industry Rank for the constituent industries in this space, it is apparent that the overall outlook for the Retail/Wholesale sector is Negative.
Earnings Trends
The broader Retail/Wholesale sector portrays a discouraging earnings trend. The fourth-quarter 2013 results for the sector were disappointing in terms of both beat ratios (percentage of companies coming out with positive surprises) and growth.
The earnings "beat ratio" was 61.1%, while the revenue "beat ratio" was 25%. Total earnings for this sector declined 1.6% year over year, in contrast to 6.2% growth registered in the third quarter of 2013. Total revenue improved only 1.9% in the quarter versus a 3.7% jump in the previous quarter.
Looking at the consensus earnings expectations for the quarter ahead, the picture looks slightly bright with earnings expected to grow 2.3% in the first quarter of 2014 and 8.7% in the second quarter of 2014, registering full-year 2014 growth of 10.3%. Going into the next year, earnings expectations look encouraging with projected earnings growth of 14.4% for the full-year 2015.
For more details about the earnings of this sector and others, please read our ' Earnings Trends ' report.
Conclusion
Retailers are trying to remain competitive primarily by shifting focus to the long-term horizon and finding innovative solutions to create value, reduce operating costs and mitigate risks throughout the enterprise.
Right-sizing inventories, enhancing efficiency and competence and bringing in technological advancements are the key agendas that retailers are focusing on. Moreover, cost-containment efforts and merchandise initiatives to improve margins are top priorities.
Retail, owing to its huge spectrum, remains a lucrative investment avenue for investors. The sector reflects consumer spending trends, an important parameter to gauge the health of the economy. Thus, identifying future winners from this sector would be a good investment decision.
We recommend few stocks in the sector at this point, as these companies are showing significant growth despite the secular headwinds. The stocks in our coverage with a Zacks Rank #1 (Strong Buy) include Barnes & Noble Inc. ( BKS ), Christopher & Banks Corp. ( CBK ), Zale Corp. ( ZLC ), Zynga Inc. ( ZNGA ), Iconix Brand Group Inc. ( ICON ), Michael Kors Holdings Ltd. ( KORS ), Spartan Stores Inc. ( SPTN ) and Hanesbrands Inc. ( HBI ).
Additionally, we prefer stocks with a Zacks Rank #2 (Buy), namely AutoZone Inc. ( AZO ), Herbalife Ltd. ( HLF ), Foot Locker Inc. ( FL ), Rite Aid Corp., The Kroger Company ( KR ), G-III Apparel Group Ltd. ( GIII ), Columbia Sportswear Company ( COLM ), Joe's Jeans Inc. ( JOEZ ), Under Armour Inc. ( UA ) and Burlington Stores Inc. ( BURL ).
On the other hand, there are stocks that do not hold promise in the near term, and carry a Zacks Rank #4 (Sell) and Zacks Rank #5 (Strong Sell). These include Aarons Inc. ( AAN ), American Eagle Outfitters Inc. ( AEO ), Big 5 Sporting Goods Inc. ( BGFV ), Chico's FAS Inc. ( CHS ), Office Depot, Groupon Inc. ( GRPN ), Coach Inc. ( COH ), Brown Shoe Co. Inc. ( BWS ), Best Buy Companies Inc., Dillard's Inc. ( DDS ), Dollar Tree Inc. ( DLTR ), Lululemon Athletica Inc. ( LULU ), DSW Inc. ( DSW ), Aeropostale Inc. ( ARO ), The Buckle Inc., Nordstrom Inc., Target Corp. ( TGT ), Costco Wholesale, Ross Stores Inc. ( ROST ), Family Dollar Stores Inc. ( FDO ), L Brands, The Men's Wearhouse Inc. ( MW ), Express Inc. ( EXPR ) and Cabela's Incorporated ( CAB ).
AARONS INC (AAN): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
ABERCROMBIE (ANF): Free Stock Analysis Report
AEROPOSTALE INC (ARO): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
BIG 5 SPORTING (BGFV): Free Stock Analysis Report
BUCKLE INC (BKE): Free Stock Analysis Report
BARNES & NOBLE (BKS): Free Stock Analysis Report
BURLINGTON STRS (BURL): Free Stock Analysis Report
CABELAS INC (CAB): Free Stock Analysis Report
AVIS BUDGET GRP (CAR): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
CHICOS FAS INC (CHS): Free Stock Analysis Report
CLOROX CO (CLX): Free Stock Analysis Report
COACH INC (COH): Free Stock Analysis Report
COLUMBIA SPORTS (COLM): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
DOLLAR TREE INC (DLTR): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
EXPRESS INC (EXPR): Free Stock Analysis Report
FRANKLIN COVEY (FC): Free Stock Analysis Report
FAMILY DOLLAR (FDO): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
FREDS INC (FRED): Free Stock Analysis Report
G-III APPAREL (GIII): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
GROUPON INC (GRPN): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
HERBALIFE LTD (HLF): Free Stock Analysis Report
ICONIX BRAND GP (ICON): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
JAMBA INC (JMBA): Free Stock Analysis Report
JOES JEANS INC (JOEZ): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MICHAEL KORS (KORS): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
LULULEMON ATHLT (LULU): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
MENS WEARHOUSE (MW): Free Stock Analysis Report
OFFICE DEPOT (ODP): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
RALPH LAUREN CP (RL): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
STAPLES INC (SPLS): Free Stock Analysis Report
SPARTAN STORES (SPTN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
TIFFANY & CO (TIF): Free Stock Analysis Report
UNDER ARMOUR-A (UA): Free Stock Analysis Report
V F CORP (VFC): Free Stock Analysis Report
WALGREEN CO (WAG): Free Stock Analysis Report
ZALE CORP NEW (ZLC): Free Stock Analysis Report
ZYNGA INC (ZNGA): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): 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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These include Aarons Inc. ( AAN ), American Eagle Outfitters Inc. ( AEO ), Big 5 Sporting Goods Inc. ( BGFV ), Chico's FAS Inc. ( CHS ), Office Depot, Groupon Inc. ( GRPN ), Coach Inc. ( COH ), Brown Shoe Co. Inc. ( BWS ), Best Buy Companies Inc., Dillard's Inc. ( DDS ), Dollar Tree Inc. ( DLTR ), Lululemon Athletica Inc. ( LULU ), DSW Inc. ( DSW ), Aeropostale Inc. ( ARO ), The Buckle Inc., Nordstrom Inc., Target Corp. ( TGT ), Costco Wholesale, Ross Stores Inc. ( ROST ), Family Dollar Stores Inc. ( FDO ), L Brands, The Men's Wearhouse Inc. ( MW ), Express Inc. ( EXPR ) and Cabela's Incorporated ( CAB ). AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report FRANKLIN COVEY (FC): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report GROUPON INC (GRPN): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report JOES JEANS INC (JOEZ): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report OFFICE DEPOT (ODP): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report SPARTAN STORES (SPTN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report ZYNGA INC (ZNGA): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other major losers on the list include the off-price retailer of apparels, footwear and accessories, Stein Mart Inc. ( SMRT ), which registered a 2.1% decline in February comps, while total sales dipped 2.5%.
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These include Aarons Inc. ( AAN ), American Eagle Outfitters Inc. ( AEO ), Big 5 Sporting Goods Inc. ( BGFV ), Chico's FAS Inc. ( CHS ), Office Depot, Groupon Inc. ( GRPN ), Coach Inc. ( COH ), Brown Shoe Co. Inc. ( BWS ), Best Buy Companies Inc., Dillard's Inc. ( DDS ), Dollar Tree Inc. ( DLTR ), Lululemon Athletica Inc. ( LULU ), DSW Inc. ( DSW ), Aeropostale Inc. ( ARO ), The Buckle Inc., Nordstrom Inc., Target Corp. ( TGT ), Costco Wholesale, Ross Stores Inc. ( ROST ), Family Dollar Stores Inc. ( FDO ), L Brands, The Men's Wearhouse Inc. ( MW ), Express Inc. ( EXPR ) and Cabela's Incorporated ( CAB ). AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report FRANKLIN COVEY (FC): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report GROUPON INC (GRPN): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report JOES JEANS INC (JOEZ): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report OFFICE DEPOT (ODP): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report SPARTAN STORES (SPTN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report ZYNGA INC (ZNGA): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. The stocks in our coverage with a Zacks Rank #1 (Strong Buy) include Barnes & Noble Inc. ( BKS ), Christopher & Banks Corp. ( CBK ), Zale Corp. ( ZLC ), Zynga Inc. ( ZNGA ), Iconix Brand Group Inc. ( ICON ), Michael Kors Holdings Ltd. ( KORS ), Spartan Stores Inc. ( SPTN ) and Hanesbrands Inc. ( HBI ).
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AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report FRANKLIN COVEY (FC): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report GROUPON INC (GRPN): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report JOES JEANS INC (JOEZ): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report OFFICE DEPOT (ODP): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report SPARTAN STORES (SPTN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report ZYNGA INC (ZNGA): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. These include Aarons Inc. ( AAN ), American Eagle Outfitters Inc. ( AEO ), Big 5 Sporting Goods Inc. ( BGFV ), Chico's FAS Inc. ( CHS ), Office Depot, Groupon Inc. ( GRPN ), Coach Inc. ( COH ), Brown Shoe Co. Inc. ( BWS ), Best Buy Companies Inc., Dillard's Inc. ( DDS ), Dollar Tree Inc. ( DLTR ), Lululemon Athletica Inc. ( LULU ), DSW Inc. ( DSW ), Aeropostale Inc. ( ARO ), The Buckle Inc., Nordstrom Inc., Target Corp. ( TGT ), Costco Wholesale, Ross Stores Inc. ( ROST ), Family Dollar Stores Inc. ( FDO ), L Brands, The Men's Wearhouse Inc. ( MW ), Express Inc. ( EXPR ) and Cabela's Incorporated ( CAB ). Retailers of all sizes, including individual direct marketers or direct sellers, small- to medium-sized franchise unit owners, and large "big-box" store operators compete in the U.S. From a growth perspective, the retail industry ranks among the dominant U.S. industries and employs an enormous workforce.
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These include Aarons Inc. ( AAN ), American Eagle Outfitters Inc. ( AEO ), Big 5 Sporting Goods Inc. ( BGFV ), Chico's FAS Inc. ( CHS ), Office Depot, Groupon Inc. ( GRPN ), Coach Inc. ( COH ), Brown Shoe Co. Inc. ( BWS ), Best Buy Companies Inc., Dillard's Inc. ( DDS ), Dollar Tree Inc. ( DLTR ), Lululemon Athletica Inc. ( LULU ), DSW Inc. ( DSW ), Aeropostale Inc. ( ARO ), The Buckle Inc., Nordstrom Inc., Target Corp. ( TGT ), Costco Wholesale, Ross Stores Inc. ( ROST ), Family Dollar Stores Inc. ( FDO ), L Brands, The Men's Wearhouse Inc. ( MW ), Express Inc. ( EXPR ) and Cabela's Incorporated ( CAB ). AARONS INC (AAN): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report BIG 5 SPORTING (BGFV): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BURLINGTON STRS (BURL): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report CLOROX CO (CLX): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report DOLLAR TREE INC (DLTR): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report FRANKLIN COVEY (FC): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report GROUPON INC (GRPN): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HERBALIFE LTD (HLF): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JAMBA INC (JMBA): Free Stock Analysis Report JOES JEANS INC (JOEZ): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LULULEMON ATHLT (LULU): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report OFFICE DEPOT (ODP): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ROSS STORES (ROST): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report SPARTAN STORES (SPTN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report UNDER ARMOUR-A (UA): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report ZYNGA INC (ZNGA): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. Looking back, the Federal Reserve had initiated a monthly stimulus program of $85 billion to boost economic growth and keep interest rates low.
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3310f598-72bd-412e-96ac-ca30c9528c59
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9446.0
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2014-03-10 00:00:00 UTC
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Vintage Capital to have Hand in Aaron's Board - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/vintage-capital-to-have-hand-in-aarons-board-analyst-blog-2014-03-10
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nan
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nan
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After being turned down three times, it seems that the private equity firm, Vintage Capital Management LLC is now leaving no stone unturned to successfully acquire the rent-to-own retailer, Aaron's Inc. ( AAN ). Notably, on Mar 7, Vintage Capital sent a notice to Aaron's intimating it of the nomination of five candidates to the latter's board at the Annual General Meeting (AGM) to be held in May.
The aforementioned move will enable Vintage Capital to have a majority in Aaron's nine-member board. Further, the private equity firm has revealed that it could consider raising the buyout price after negotiating with Aaron's management.
Additionally, the founder of Vintage Capital, Brian Kahn, has criticized the ill-advised strategies of current Chairman and Chief Executive of Aaron's, Ronal W. Allen for the downfall of Aaron's. We believe that a change in leadership will reinstate the former glory of Aaron's.
Later, on the same day, Aaron's confirmed having received Vintage Capital's notice. Apart from this, Aaron's declared that it had received another notice from Starboard Value LP for nominating four candidates in its board.
Aaron's also provided an update stating that the Transaction Committee formed to evaluate Vintage Capital's acquisition offer has still not reached a conclusion. Moreover, the committee is looking for other opportunities to enhance the long-term value of shareholders.
Last month, Vintage Capital made an offer of $30.50 per share or $2.3 billion to acquire the leading rent-to-own retailer. In response, Aaron's had formed a Transaction Committee on Feb 21 to evaluate Vintage Capital's offer.
Prior to the current offering, Vintage Capital had made three private proposals for acquiring Aaron's, which were ignored by the latter. Thereafter, the investment firm increased its shareholding to approximately 10% in the company, consequently becoming the largest stakeholder and decided to publicly disclose its offering.
Aaron's has been witnessing soft top and bottom-line performances for the last several quarters. Moreover, the company believes that the current business environment will not change significantly in the near term. Looking at the present business scenario, Aaron's now intends to slow down the pace of opening namesake and HomeSmart stores.
Notably, the stock price gained 1.9% on Friday and closed at $30.48.
Other Stocks to Consider
Currently, Aaron's holds a Zacks Rank #5 (Strong Sell). However, some better-ranked stocks worth considering in the retail industry include Barnes & Noble, Inc. ( BKS ), Christopher & Banks Corp. ( CBK ) and Iconix Brand Group, Inc. ( ICON ). All of these have a Zacks Rank #1 (Strong Buy).
AARONS INC (AAN): Free Stock Analysis Report
BARNES & NOBLE (BKS): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
ICONIX BRAND GP (ICON): 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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After being turned down three times, it seems that the private equity firm, Vintage Capital Management LLC is now leaving no stone unturned to successfully acquire the rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, on Mar 7, Vintage Capital sent a notice to Aaron's intimating it of the nomination of five candidates to the latter's board at the Annual General Meeting (AGM) to be held in May.
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After being turned down three times, it seems that the private equity firm, Vintage Capital Management LLC is now leaving no stone unturned to successfully acquire the rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. However, some better-ranked stocks worth considering in the retail industry include Barnes & Noble, Inc. ( BKS ), Christopher & Banks Corp. ( CBK ) and Iconix Brand Group, Inc. ( ICON ).
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After being turned down three times, it seems that the private equity firm, Vintage Capital Management LLC is now leaving no stone unturned to successfully acquire the rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the founder of Vintage Capital, Brian Kahn, has criticized the ill-advised strategies of current Chairman and Chief Executive of Aaron's, Ronal W. Allen for the downfall of Aaron's.
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After being turned down three times, it seems that the private equity firm, Vintage Capital Management LLC is now leaving no stone unturned to successfully acquire the rent-to-own retailer, Aaron's Inc. ( AAN ). AARONS INC (AAN): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report ICONIX BRAND GP (ICON): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, on Mar 7, Vintage Capital sent a notice to Aaron's intimating it of the nomination of five candidates to the latter's board at the Annual General Meeting (AGM) to be held in May.
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27c040b2-0aae-4266-862a-11fa7e4021e6
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9447.0
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2014-03-03 00:00:00 UTC
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Zacks Rank #5 Additions for Monday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-rank-5-additions-for-monday-tale-of-the-tape-2014-03-03
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (strong sell) List today:
3D Systems Corporation ( DDD )
Aaron's, Inc. ( AAN )
Abaxis Inc ( ABAX )
ABB Ltd ( ABB )
Acacia Research Corp ( ACTG )
View the entire Zacks Rank #5 List .
AARONS INC (AAN): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
ABB LTD-ADR (ABB): Free Stock Analysis Report
ACACIA RESEARCH (ACTG): Free Stock Analysis Report
3D SYSTEMS CORP (DDD): 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: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) ABB Ltd ( ABB ) Acacia Research Corp ( ACTG ) View the entire Zacks Rank #5 List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report 3D SYSTEMS CORP (DDD): 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: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) ABB Ltd ( ABB ) Acacia Research Corp ( ACTG ) View the entire Zacks Rank #5 List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report 3D SYSTEMS CORP (DDD): 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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AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report 3D SYSTEMS CORP (DDD): 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 #5 (strong sell) List today: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) ABB Ltd ( ABB ) Acacia Research Corp ( ACTG ) View the entire Zacks Rank #5 List .
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Here are 5 stocks added to the Zacks Rank #5 (strong sell) List today: 3D Systems Corporation ( DDD ) Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) ABB Ltd ( ABB ) Acacia Research Corp ( ACTG ) View the entire Zacks Rank #5 List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report 3D SYSTEMS CORP (DDD): 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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3b2f83b9-ec9b-4e61-a58a-853c6353803a
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9448.0
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2014-03-03 00:00:00 UTC
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Another Rent-A-Center Store in Illinois - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/another-rent-a-center-store-in-illinois-analyst-blog-2014-03-03
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nan
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nan
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Rent-A-Center, Inc. ( RCII ) announced the opening of a store in Palatine, Illinois. The company operates 104 outlets in the state.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain an advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America.
During the recently concluded fourth quarter of 2013, this rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992. The company also opened 91 Acceptance Now stores, consolidated 13 stores with existing locations and closed 7 stores, resulting in 1,325 stores.
Only one international location was opened, bringing the count to 169 stores. Rent-A-Center Franchising International, which is a wholly owned subsidiary of Rent-A-Center, added 31 new locations and closed 65 with the total store count remaining at 179.
For 2014, management plans to open approximately 30 rent-to-own locations in Mexico. Moreover, the company aims at about 100 domestic Acceptance Now kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #5 (Strong Sell) reflecting lower-than-expected results in the third and fourth quarters of 2013, and a cautious outlook given the macroeconomic headwinds that the company's Core U.S. segment is grappling with.
Not all stocks have such a discouraging Zacks Rank as Rent-A-Center. Better-ranked stocks include Horizon Technology Finance Corporation ( HRZN ) and Main Street Capital Corporation ( MAIN ), each holding a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
HORIZON TECHNOL (HRZN): Free Stock Analysis Report
MAIN STREET CAP (MAIN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain an advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
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AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain an advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded fourth quarter of 2013, this rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992.
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AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain an advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded fourth quarter of 2013, this rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992.
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The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain an advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded fourth quarter of 2013, this rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992.
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26e9a75b-24ba-47da-beac-2c5ecc0ab90b
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9449.0
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2014-02-28 00:00:00 UTC
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XLK, UCC: Big ETF Outflows
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AAN
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https://www.nasdaq.com/articles/xlk-ucc-big-etf-outflows-2014-02-28
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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 Technology Select Sector SPDR Fund ( XLK ), where 56.3 million units were destroyed, or a 14.4% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple ( AAPL ) is up about 0.6%, and Google ( GOOG ) is up by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Consumer Services ETF ( UCC ), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of UCC, in morning trading today Aaron's ( AAN ) is off about 0.1%, and Abercrombie & Fitch (ANF) is up by about 1%.
VIDEO: XLK, UCC: 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 UCC, in morning trading today Aaron's ( AAN ) is off about 0.1%, and Abercrombie & Fitch (ANF) is up by about 1%. Among the largest underlying components of XLK, in morning trading today Apple ( AAPL ) is up about 0.6%, and Google ( GOOG ) is up by about 0.3%. And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Consumer Services ETF ( UCC ), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.
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Among the largest underlying components of UCC, in morning trading today Aaron's ( AAN ) is off about 0.1%, and Abercrombie & Fitch (ANF) is up by about 1%. Among the largest underlying components of XLK, in morning trading today Apple ( AAPL ) is up about 0.6%, and Google ( GOOG ) is up by about 0.3%. VIDEO: XLK, UCC: 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 UCC, in morning trading today Aaron's ( AAN ) is off about 0.1%, and Abercrombie & Fitch (ANF) is up by about 1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund ( XLK ), where 56.3 million units were destroyed, or a 14.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Consumer Services ETF ( UCC ), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.
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Among the largest underlying components of UCC, in morning trading today Aaron's ( AAN ) is off about 0.1%, and Abercrombie & Fitch (ANF) is up by about 1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund ( XLK ), where 56.3 million units were destroyed, or a 14.4% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple ( AAPL ) is up about 0.6%, and Google ( GOOG ) is up by about 0.3%.
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74e05506-ef44-478b-be2f-fc16fad558d8
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9450.0
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2014-02-27 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for February 28, 2014
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-february-28-2014-2014-02-27
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on February 28, 2014. A cash dividend payment of $0.021 per share is scheduled to be paid on April 01, 2014. Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 23.53% increase over the same period a year ago.
The previous trading day's last sale of AAN was $30.79, representing a -4.59% decrease from the 52 week high of $32.27 and a 17.61% increase over the 52 week low of $26.18.
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 $1.59. Zacks Investment Research reports AAN's forecasted earnings growth in 2014 as 1.15%, compared to an industry average of .8%.
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:
RevenueShares Mid Cap ( RWK )
Schwab Fundamental U.S. Large Company Index ETF ( FNDX )
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 12.35% over the last 100 days. RWK has the highest percent weighting of AAN at 0.18%.
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 1.15%, compared to an industry average of .8%.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. 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 February 28, 2014.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAN was $30.79, representing a -4.59% decrease from the 52 week high of $32.27 and a 17.61% increase over the 52 week low of $26.18. The following ETF(s) have AAN as a top-10 holding: RevenueShares Mid Cap ( RWK ) Schwab Fundamental U.S. Large Company Index ETF ( FNDX ) Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAN as a top-10 holding: RevenueShares Mid Cap ( RWK ) Schwab Fundamental U.S. Large Company Index ETF ( FNDX ) Direxion Daily Retail Bull 3X Shares ETF ( RETL ). Aaron's, Inc. ( AAN ) will begin trading ex-dividend on February 28, 2014.
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db8ea211-0ff3-466c-ae23-af5213ffa332
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9451.0
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2014-02-24 00:00:00 UTC
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April 19th Options Now Available For Aaron's (AAN)
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AAN
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https://www.nasdaq.com/articles/april-19th-options-now-available-aarons-aan-2014-02-24
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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 April 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new April 19th contracts and identified the following put contract of particular interest.
The put contract at the $30.00 strike price has a current bid of 35 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $29.65 (before broker commissions). To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $30.57/share today.
Because the $30.00 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 60%. 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 1.17% return on the cash commitment, or 7.89% 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 $30.00 strike is located relative to that history:
Top YieldBoost Puts 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 begin trading today, for the April 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new April 19th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $30.57/share today.
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Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the April 19th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAN options chain for the new April 19th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $30.57/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 April 19th contracts and identified the following put contract of particular interest. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the April 19th expiration. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $30.57/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 April 19th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAN, that could represent an attractive alternative to paying $30.57/share today. Investors in Aaron's, Inc. (Symbol: AAN) saw new options begin trading today, for the April 19th expiration.
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9c55e673-7ee0-4713-bdea-6f2dab08e13f
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9452.0
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2014-02-07 00:00:00 UTC
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Mid-Day Market Update: Expedia Surges On Strong Results; Genpact Shares Slip
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AAN
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https://www.nasdaq.com/articles/mid-day-market-update-expedia-surges-strong-results-genpact-shares-slip-2014-02-07
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nan
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nan
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Midway through trading Friday, the Dow traded up 0.60 percent to 15,721.87 while the NASDAQ surged 1.24 percent to 4,107.59. The S&P also rose, gaining 0.82 percent to 1,787.90.
Top Headline On Thursday, LinkedIn (NYSE: LNKD ) reported upbeat fourth-quarter results. However, the company issued a weak forecast. LinkedIn expected Q1 revenue of $455 million to $460 million, versus analysts' estimates of $471 million. LinkedIn posted its Q4 adjusted earnings of $0.39 per share on revenue of $447.2 million. However, analysts were expecting earnings of $0.38 per share on revenue of $438 million.
Equities Trading UP
athenahealth (NASDAQ: ATHN ) shot up 26.45 percent to $175.87 after the company reported better-than-expected Q4 results.
Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 10.98 percent to $30.02 on upbeat Q4 earnings.
Expedia (NASDAQ: EXPE ) was also up, gaining 13.37 percent to $73.85 after the company reported stronger-than-expected fourth-quarter results.
Equities Trading DOWN Shares of Genpact (NYSE: G ) were down 17.82 percent to $14.16 after the company issued a downbeat FY14 revenue forecast.
LinkedIn (NYSE: LNKD ) shares tumbled 6.58 percent to $208.75 after the company issued a weak guidance. Bank of America cut the price target on LinkedIn from $240.00 to $232.00.
VeriSign (NASDAQ: VRSN ) was down, falling 6.13 percent to $52.02 after the company reported Q4 results.
Commodities In commodity news, oil traded up 0.62 percent to $98.45, while gold traded up 0.40 percent to $1,262.20.
Silver traded up 0.04 percent Friday to $19.94, while copper rose 0.34 percent to $3.24.
Eurozone European shares were higher today.
The Spanish Ibex Index rose 1.08 percent, while Italy's FTSE MIB Index gained 0.96 percent.
Meanwhile, the German DAX climbed 0.49 percent and the French CAC 40 gained 0.96 percent while U.K. shares rose 0.20 percent.
Economics The U.S. economy added 113,000 jobs in January, while the unemployment rate declined to 6.6% versus 6.7%. However, economists were projecting an addition of 180,000 nonfarm jobs.
Data on consumer credit for December will be released at 3:00 p.m. ET.
(c) 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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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 10.98 percent to $30.02 on upbeat Q4 earnings. Equities Trading UP athenahealth (NASDAQ: ATHN ) shot up 26.45 percent to $175.87 after the company reported better-than-expected Q4 results. Expedia (NASDAQ: EXPE ) was also up, gaining 13.37 percent to $73.85 after the company reported stronger-than-expected fourth-quarter results.
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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 10.98 percent to $30.02 on upbeat Q4 earnings. Top Headline On Thursday, LinkedIn (NYSE: LNKD ) reported upbeat fourth-quarter results. LinkedIn expected Q1 revenue of $455 million to $460 million, versus analysts' estimates of $471 million.
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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 10.98 percent to $30.02 on upbeat Q4 earnings. Midway through trading Friday, the Dow traded up 0.60 percent to 15,721.87 while the NASDAQ surged 1.24 percent to 4,107.59. Equities Trading DOWN Shares of Genpact (NYSE: G ) were down 17.82 percent to $14.16 after the company issued a downbeat FY14 revenue forecast.
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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 10.98 percent to $30.02 on upbeat Q4 earnings. Equities Trading UP athenahealth (NASDAQ: ATHN ) shot up 26.45 percent to $175.87 after the company reported better-than-expected Q4 results. Equities Trading DOWN Shares of Genpact (NYSE: G ) were down 17.82 percent to $14.16 after the company issued a downbeat FY14 revenue forecast.
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1693b851-dae6-4bce-8c40-630434e660ad
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9453.0
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2014-02-07 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Higher; LinkedIn Issues Downbeat Outlook
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AAN
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-higher-linkedin-issues-downbeat-outlook-2014-02-07
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nan
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nan
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Following the market opening Friday, the Dow traded up 0.51 percent to 15,708.45 while the NASDAQ surged 0.85 percent to 4,091.51. The S&P also rose, gaining 0.72 percent to 1,786.27.
Top Headline On Thursday, LinkedIn (NYSE: LNKD ) reported upbeat fourth-quarter results. However, the company issued a weak forecast. LinkedIn expected Q1 revenue of $455 million to $460 million, versus analysts' estimates of $471 million. LinkedIn posted its Q4 adjusted earnings of $0.39 per share on revenue of $447.2 million. However, analysts were expecting earnings of $0.38 per share on revenue of $438 million.
Equities Trading UP athenahealth (NASDAQ: ATHN ) shot up 19.33 percent to $165.97 after the company reported better-than-expected Q4 results.
Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 18.11 percent to $31.95 on upbeat Q4 earnings.
Expedia (NASDAQ: EXPE ) was also up, gaining 14.12 percent to $74.34 after the company reported stronger-than-expected fourth-quarter results.
Equities Trading DOWN Shares of Genpact (NYSE: G ) were down 16.89 percent to $14.32 after the company issued a downbeat FY14 revenue forecast.
LinkedIn (NYSE: LNKD ) shares tumbled 9.11 percent to $203.10 after the company issued a weak guidance. Bank of America cut the price target on LinkedIn from $240.00 to $232.00.
VeriSign (NASDAQ: VRSN ) was down, falling 7.07 percent to $51.50 after the company reported Q4 results.
Commodities In commodity news, oil traded up 0.01 percent to $97.85, while gold traded up 0.21 percent to $1,259.80.
Silver traded down 0.34 percent Friday to $19.86, while copper rose 0.45 percent to $3.24.
Eurozone European shares were higher today.
The Spanish Ibex Index rose 1.11 percent, while Italy's FTSE MIB Index gained 0.90 percent. Meanwhile, the German DAX climbed 0.46 percent and the French CAC 40 gained 0.68 percent while U.K. shares rose 0.38 percent.
Economics The U.S. economy added 113,000 jobs in January, while the unemployment rate declined to 6.6% versus 6.7%. However, economists were projecting an addition of 180,000 nonfarm jobs.
Data on consumer credit for December will be released at 3:00 p.m. ET.
(c) 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.
|
Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 18.11 percent to $31.95 on upbeat Q4 earnings. Equities Trading UP athenahealth (NASDAQ: ATHN ) shot up 19.33 percent to $165.97 after the company reported better-than-expected Q4 results. Expedia (NASDAQ: EXPE ) was also up, gaining 14.12 percent to $74.34 after the company reported stronger-than-expected fourth-quarter results.
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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 18.11 percent to $31.95 on upbeat Q4 earnings. Top Headline On Thursday, LinkedIn (NYSE: LNKD ) reported upbeat fourth-quarter results. LinkedIn expected Q1 revenue of $455 million to $460 million, versus analysts' estimates of $471 million.
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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 18.11 percent to $31.95 on upbeat Q4 earnings. Equities Trading DOWN Shares of Genpact (NYSE: G ) were down 16.89 percent to $14.32 after the company issued a downbeat FY14 revenue forecast. Commodities In commodity news, oil traded up 0.01 percent to $97.85, while gold traded up 0.21 percent to $1,259.80.
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Shares of Aaron's (NYSE: AAN ) got a boost, shooting up 18.11 percent to $31.95 on upbeat Q4 earnings. Equities Trading UP athenahealth (NASDAQ: ATHN ) shot up 19.33 percent to $165.97 after the company reported better-than-expected Q4 results. Equities Trading DOWN Shares of Genpact (NYSE: G ) were down 16.89 percent to $14.32 after the company issued a downbeat FY14 revenue forecast.
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57891e56-d563-4474-9519-abd9d158a091
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9454.0
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2014-02-03 00:00:00 UTC
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Another Rent-A-Center Store in Tennessee - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/another-rent-a-center-store-in-tennessee-analyst-blog-2014-02-03
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nan
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nan
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Rent-A-Center, Inc. ( RCII ) announced the opening of a store in Bartlett, Tenn. This will mark the company's 82nd outlet in the state.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America.
During the recently concluded fourth-quarter 2013, the largest rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992. The company also opened 91 Acceptance Now stores, consolidated 13 stores with existing locations and closed 7 stores, resulting in 1,325 stores.
Only one international location was opened, bringing the count to 169 stores. Rent-A-Center Franchising International, which is a wholly owned subsidiary of Rent-A-Center, added 31 new locations and closed 65 locations, with the total store count remaining at 179.
For 2014, management plans to open approximately 30 rent-to-own locations in Mexico. Moreover, the company aims at about 100 domestic Acceptance Now kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #5 (Strong Sell) indicating lower-than-expected results in the third and fourth quarters of 2013, and a cautious outlook given the macro-economic headwinds that the company's Core U.S. segment business is grappling with.
Other stocks worth considering are Horizon Technology Finance Corporation ( HRZN ) and Main Street Capital Corporation ( MAIN ) both holding a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
HORIZON TECHNOL (HRZN): Free Stock Analysis Report
MAIN STREET CAP (MAIN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
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AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded fourth-quarter 2013, the largest rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992.
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AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded fourth-quarter 2013, the largest rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992.
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The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report MAIN STREET CAP (MAIN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded fourth-quarter 2013, the largest rent-to-own operator in the U.S., opened 22 new Core U.S. locations, acquired 35 stores, consolidated 7 stores with existing locations and closed 32 outlets, bringing the total store count to 2,992.
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773661fd-b33f-4cd8-8228-57080d99ba2c
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9455.0
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2014-01-22 00:00:00 UTC
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Aaron's Divests RIMCO Operations - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-divests-rimco-operations-analyst-blog-2014-01-22
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nan
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nan
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In a strategic move to focus on its key business segments, the leading rent-to-own operator, Aaron's Inc. ( AAN ) has sold out all assets of its RIMCO operations to its competitor, Rent-A-Wheel /Rent-A-Tire for an undisclosed amount. RIMCO and Rent-A-Wheel /Rent-A-Tire engage in selling of leasing of automobiles, tires and rims through their stores.
RIMCO was a small business unit of Aaron's that generated annual revenue of approximately $20 million from its 32 stores in 11 states. The sale of the asset will enable Aaron's to focus on improvising the performance of its namesake and HomeSmart stores.
Aaron's has been witnessing soft top and bottom-line performances for the last several quarters. Last week, this Atlanta-based rent-to-own operator lowered its fourth-quarter and full-year 2013 guidance based on lower-than-expected revenues and limited customer growth in the fourth quarter.
The company trimmed its fourth-quarter revenue expectation to $555 million from $575 million projected earlier. For 2013, Aaron's now anticipates revenues of $2.24 billion, down from its earlier guidance of $2.26 billion.
The downward revision was primarily due to the prevalent sluggish economic environment. The company's comparable sales and customer growth fell 1% year over year in the fourth quarter. Moreover, shipments of franchised products declined from the year-ago comparable quarter.
The company believes that the current business environment will not change significantly in the near term. Looking at the current business scenario, Aaron's now intends to slow down the pace of opening namesake and HomeSmart stores and expects net new store growth to remain under 4% in 2013.
Considering the above-mentioned factors, the company lowered its earnings guidance range for the fourth quarter and 2013. The company now projects earnings between 27 cents and 31 cents per share, down from its previous guidance range of 38-42 cents. The current Zacks Consensus Estimate is pegged at 29 cents per share.
Similarly, for 2013, GAAP earnings are anticipated to come in the range of $1.56-$1.60 per share versus $1.67-$1.71 guided earlier. On a non-GAAP basis, excluding the regulatory investigation as well as retirement and vacation related charges accrued in the third quarter, earnings are expected to come in the range of $1.84 to $1.88 per share, down from previous projection of $1.95 to $1.99. Currently, the Zacks Consensus Estimate stands at $1.86 per share.
Most retailers reported lackluster results for the holiday shopping period this year, followed by trimmed forecasts, as retailers suffered from lower traffic, an intensified promotional environment, lesser shopping days between Thanksgiving and Christmas, ice storms and sluggish consumer spending. Retailers that lowered their guidance battered by the holiday results include Family Dollar Stores Inc. ( FDO ), American Eagle Outfitters Inc. ( AEO ) and L Brands Inc. ( LB ).
Currently, Aaron's carries a Zacks Rank #5 (Strong Sell).
AARONS INC (AAN): Free Stock Analysis Report
AMER EAGLE OUTF (AEO): Free Stock Analysis Report
FAMILY DOLLAR (FDO): 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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In a strategic move to focus on its key business segments, the leading rent-to-own operator, Aaron's Inc. ( AAN ) has sold out all assets of its RIMCO operations to its competitor, Rent-A-Wheel /Rent-A-Tire for an undisclosed amount. AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. Last week, this Atlanta-based rent-to-own operator lowered its fourth-quarter and full-year 2013 guidance based on lower-than-expected revenues and limited customer growth in the fourth quarter.
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AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. In a strategic move to focus on its key business segments, the leading rent-to-own operator, Aaron's Inc. ( AAN ) has sold out all assets of its RIMCO operations to its competitor, Rent-A-Wheel /Rent-A-Tire for an undisclosed amount. The company trimmed its fourth-quarter revenue expectation to $555 million from $575 million projected earlier.
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AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. In a strategic move to focus on its key business segments, the leading rent-to-own operator, Aaron's Inc. ( AAN ) has sold out all assets of its RIMCO operations to its competitor, Rent-A-Wheel /Rent-A-Tire for an undisclosed amount. Looking at the current business scenario, Aaron's now intends to slow down the pace of opening namesake and HomeSmart stores and expects net new store growth to remain under 4% in 2013.
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In a strategic move to focus on its key business segments, the leading rent-to-own operator, Aaron's Inc. ( AAN ) has sold out all assets of its RIMCO operations to its competitor, Rent-A-Wheel /Rent-A-Tire for an undisclosed amount. AARONS INC (AAN): Free Stock Analysis Report AMER EAGLE OUTF (AEO): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report L BRANDS INC (LB): Free Stock Analysis Report To read this article on Zacks.com click here. The sale of the asset will enable Aaron's to focus on improvising the performance of its namesake and HomeSmart stores.
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4f99aa64-1e2c-4065-af87-71b8c52cadae
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9456.0
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2014-01-20 00:00:00 UTC
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Aaron's Downgraded to Strong Sell - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-downgraded-to-strong-sell-analyst-blog-2014-01-20
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nan
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nan
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On Jan 16, 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 fourth-quarter and full-year 2013 guidance. The leading rent-to-own operator revealed that the revised guidance is based on lower-than-expected revenue and customer growth in the fourth quarter.
The company trimmed its fourth-quarter revenue expectation to $555 million from $575 million projected earlier. For 2013, Aaron's now anticipates revenues of $2.24 billion, down from its earlier guidance of $2.26 billion.
The downward revision was primarily due to the prevalent sluggish economic environment. The company's comparable sales and customer growth fell 1% year over year during the fourth quarter. Moreover, shipments of franchised products declined from the year-ago comparable quarter.
The company believes that the current business environment will not dramatically change in the near term. Looking at the current business scenario, Aaron's now intends to slow down the pace of opening namesake and HomeSmart stores and expects net new store growth to remain under 4% in 2013.
Considering the above-mentioned factors, Aaron's lowered its earnings guidance range for the fourth quarter and 2013. The company now projects earnings between 27 cents and 31 cents per share, down from its previous guidance range of 38-42 cents.
The trimmed guidance triggered a downtrend in the Zacks Consensus Estimates, 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 5.6% to $1.86 for 2013 and 12.8% to $1.91 per share for 2014 in the past 7 days. The current Zacks Consensus Estimate for the quarter is pegged at 29 cents per share that dropped 27.5% in the same time frame.
Other Stocks that Warrant a Look
Other better-ranked retail stocks that look promising and are expected to continue with their upbeat performance include Conns Inc. ( CONN ), Tiffany & Co. ( TIF ) and Netflix, Inc. ( NFLX ), all of which hold a Zacks Rank #1 (Strong Buy).
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis Report
TIFFANY & CO (TIF): 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 Jan 16, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. The leading rent-to-own operator revealed that the revised guidance is based on lower-than-expected revenue and customer growth in the fourth quarter.
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On Jan 16, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. The company trimmed its fourth-quarter revenue expectation to $555 million from $575 million projected earlier.
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On Jan 16, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks that Warrant a Look Other better-ranked retail stocks that look promising and are expected to continue with their upbeat performance include Conns Inc. ( CONN ), Tiffany & Co. ( TIF ) and Netflix, Inc. ( NFLX ), all of which hold a Zacks Rank #1 (Strong Buy).
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On Jan 16, 2014, Zacks Investment Research downgraded Aaron's, Inc. ( AAN ), the consumer electronics and household appliances retailer, to a Zacks Rank #5 (Strong Sell). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. The company's comparable sales and customer growth fell 1% year over year during the fourth quarter.
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87375913-f1e5-434c-bebd-d06bcd665c6f
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9457.0
|
2014-01-16 00:00:00 UTC
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-thursday-tale-of-the-tape-2014-01-16
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Aaron's, Inc. ( AAN )
Approach Resources Inc. ( AREX )
Brady Corp ( BRC )
Bravo Brio Restaurant Group, Inc. ( BBRG )
Energy Recovery, Inc. ( ERII )
View the entire Zacks #5 Rank List .
AARONS INC (AAN): Free Stock Analysis Report
APPROACH RESRCS (AREX): Free Stock Analysis Report
BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report
BRADY CORP CL A (BRC): Free Stock Analysis Report
ENERGY RECOVERY (ERII): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Approach Resources Inc. ( AREX ) Brady Corp ( BRC ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Energy Recovery, Inc. ( ERII ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report APPROACH RESRCS (AREX): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report ENERGY RECOVERY (ERII): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Approach Resources Inc. ( AREX ) Brady Corp ( BRC ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Energy Recovery, Inc. ( ERII ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report APPROACH RESRCS (AREX): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report ENERGY RECOVERY (ERII): 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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AARONS INC (AAN): Free Stock Analysis Report APPROACH RESRCS (AREX): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report ENERGY RECOVERY (ERII): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Approach Resources Inc. ( AREX ) Brady Corp ( BRC ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Energy Recovery, Inc. ( ERII ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Approach Resources Inc. ( AREX ) Brady Corp ( BRC ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Energy Recovery, Inc. ( ERII ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report APPROACH RESRCS (AREX): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report ENERGY RECOVERY (ERII): 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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b93f9e0b-bae5-469e-a060-522b646678c6
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9458.0
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2014-01-15 00:00:00 UTC
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Aaron Falls on Lower Forecast - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aaron-falls-on-lower-forecast-analyst-blog-2014-01-15
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nan
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nan
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Aaron's Inc. ( AAN ) has lost 7.6% in market value since the company lowered its fourth-quarter and full-year 2013 guidance. The leading rent-to-own operator revealed that the revised guidance is based on lower-than-expected revenue and customer growth in the fourth quarter.
The company trimmed its fourth-quarter revenue expectation to $555 million from $575 million projected earlier. For 2013, Aaron's now anticipates revenues of $2.24 billion, down from its earlier guidance of $2.26 billion.
The downward revision was primarily due to the prevalent sluggish economic environment. The company's comparable sales and customer growth fell 1% year over year during the fourth quarter. Moreover, shipments of franchised products declined from the year-ago comparable quarter.
The company believes that the current business environment will not dramatically change in near term. Looking at the current business scenario, Aaron's now intends to slow down the pace of opening namesake and HomeSmart stores and expects net new store growth to remain under 4% in 2013.
Considering the above-mentioned factors, Aaron's lowered its earnings guidance range for the fourth quarter and 2013. The company now projects earnings between 27 cents and 31 cents per share, down from its previous guidance range of 38-42 cents. The current Zacks Consensus Estimate is pegged at 30 cents per share.
Similarly, for 2013, GAAP earnings are anticipated to come in the range of $1.56-$1.60 per share compared with the earlier forecast of $1.67-$1.71. On a non-GAAP basis, excluding the regulatory investigation as well as retirement and vacation related charges accrued in the third quarter, earnings are expected to come in the range of $1.84 to $1.88 per share, down from earlier guidance of $1.95 to $1.99. Currently, the Zacks Consensus Estimate stands at $1.92 per share.
Concurrently, Aaron's has provided its initial guidance for 2014. The company expects revenues for the period to be approximately $2.3 billion and projects 1% to 2% growth in net new stores. Moreover, earnings are projected to come between $1.80 and $2.00 per share. Currently, the Zacks Consensus Estimate stands at $1.95 per share.
Currently, Aaron's carries a Zacks Rank #4 (Sell). However, better-performing stocks in the retail wholesale sector include Finish Line Inc. ( FINL ), The Men's Wearhouse, Inc . ( MW ) and The TJX Companies, Inc . ( TJX ). All of these carry a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
MENS WEARHOUSE (MW): Free Stock Analysis Report
TJX COS INC NEW (TJX): 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 ) has lost 7.6% in market value since the company lowered its fourth-quarter and full-year 2013 guidance. AARONS INC (AAN): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. The leading rent-to-own operator revealed that the revised guidance is based on lower-than-expected revenue and customer growth in the fourth quarter.
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AARONS INC (AAN): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) has lost 7.6% in market value since the company lowered its fourth-quarter and full-year 2013 guidance. The company trimmed its fourth-quarter revenue expectation to $555 million from $575 million projected earlier.
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AARONS INC (AAN): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) has lost 7.6% in market value since the company lowered its fourth-quarter and full-year 2013 guidance. The company now projects earnings between 27 cents and 31 cents per share, down from its previous guidance range of 38-42 cents.
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AARONS INC (AAN): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report MENS WEARHOUSE (MW): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's Inc. ( AAN ) has lost 7.6% in market value since the company lowered its fourth-quarter and full-year 2013 guidance. Considering the above-mentioned factors, Aaron's lowered its earnings guidance range for the fourth quarter and 2013.
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71d2952c-0319-4130-b766-de3e92b87968
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9459.0
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2014-01-14 00:00:00 UTC
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Aaron's, Inc. Enters Oversold Territory - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/aarons-inc.-enters-oversold-territory-tale-of-the-tape-2014-01-14
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nan
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nan
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Aaron's, Inc. 's ( AAN ) share price has entered into oversold territory with an RSI value of 25.8. The Zacks Consensus Estimate on Aaron's, Inc.'s earnings for the full year period has a loss of 0.00 cents over the past two months to $0.40 per share. Currently, Aaron's, Inc. is a Zacks #2 Rank ("Buy"), suggesting that now might be a good time to get in on ( AAN ) after its recent drop.
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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Currently, Aaron's, Inc. is a Zacks #2 Rank ("Buy"), suggesting that now might be a good time to get in on ( AAN ) after its recent drop. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. Aaron's, Inc. 's ( AAN ) share price has entered into oversold territory with an RSI value of 25.8.
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Aaron's, Inc. 's ( AAN ) share price has entered into oversold territory with an RSI value of 25.8. Currently, Aaron's, Inc. is a Zacks #2 Rank ("Buy"), suggesting that now might be a good time to get in on ( AAN ) after its recent drop. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Aaron's, Inc. 's ( AAN ) share price has entered into oversold territory with an RSI value of 25.8. Currently, Aaron's, Inc. is a Zacks #2 Rank ("Buy"), suggesting that now might be a good time to get in on ( AAN ) after its recent drop. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Aaron's, Inc. 's ( AAN ) share price has entered into oversold territory with an RSI value of 25.8. Currently, Aaron's, Inc. is a Zacks #2 Rank ("Buy"), suggesting that now might be a good time to get in on ( AAN ) after its recent drop. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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9350eb56-a2d9-44b3-a59f-f0d84c468f2d
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9460.0
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2014-01-07 00:00:00 UTC
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United Rentals Hits New 52-Wk High - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/united-rentals-hits-new-52-wk-high-analyst-blog-2014-01-07
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nan
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nan
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United Rentals, Inc. ( URI ) hit a new 52-week high of $78.37 and then closed at $77.37 on Jan 6. The Greenwich, CT-based equipment rental company has a long-term expected earnings growth of 17.86%.
The company has delivered a one-year return of about 61.1%, outperforming the S&P 500. Over the past 52 weeks, United Rentals' share price has ranged from a 52-week low of $44.85 on Jun 24, 2013 to a 52-week high on Jan 6, 2014. Average volume of shares traded over the last three months is approximately 1495K.
What's Driving United Rentals Upward?
United Rentals' shares have been on the rise following its strong third quarter 2013 results declared on Oct 16. United Rentals reported adjusted earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.58 and improving from the prior-year quarter's earnings of $1.35 per share.
The improvement was driven by growth in sales of new equipment as well as equipment rentals. The company has delivered positive earnings surprises in four consecutive quarters, averaging 12.22%.
United Rentals reiterated its adjusted EBITDA guidance for the full year in the range of $2.25 billion - $2.35 billion. The company has reaffirmed its outlook for time utilization of around 68.0%. It has also retained the outlook of cost synergies on a run-rate basis in the band of $230 million-$250 million for fiscal 2013.
The announcement on Dec 12 by United Rentals that it is further expanding its specialty branch network with the addition of two locations dedicated to tool management services also lent support to the stock. The new branches have opened in Plano, Texas, and Cambridge, Ontario, serving the Dallas and Toronto metropolitan areas, respectively.
United Rentals' board of directors authorized a $500 million share repurchase program, which is expected to be completed within 18 months. This will provide a boost to its earnings. The company is also poised to benefit from a rebound in non-residential construction.
Other Stocks to Consider
United Rentals currently has a Zacks Rank #2 (Buy). Some other stocks worth considering in the sector include James Hardie Industries plc ( JHX ), Aaron's, Inc. ( AAN ) and Masco Corp. ( MAS ). While James Hardie carries a Zacks Rank #1 (Strong Buy), Aaron's and Masco carry a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
JAMES HARDI-ADR (JHX): Free Stock Analysis Report
MASCO (MAS): Free Stock Analysis Report
UTD RENTALS INC (URI): 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 other stocks worth considering in the sector include James Hardie Industries plc ( JHX ), Aaron's, Inc. ( AAN ) and Masco Corp. ( MAS ). AARONS INC (AAN): Free Stock Analysis Report JAMES HARDI-ADR (JHX): Free Stock Analysis Report MASCO (MAS): Free Stock Analysis Report UTD RENTALS INC (URI): Free Stock Analysis Report To read this article on Zacks.com click here. The announcement on Dec 12 by United Rentals that it is further expanding its specialty branch network with the addition of two locations dedicated to tool management services also lent support to the stock.
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Some other stocks worth considering in the sector include James Hardie Industries plc ( JHX ), Aaron's, Inc. ( AAN ) and Masco Corp. ( MAS ). AARONS INC (AAN): Free Stock Analysis Report JAMES HARDI-ADR (JHX): Free Stock Analysis Report MASCO (MAS): Free Stock Analysis Report UTD RENTALS INC (URI): Free Stock Analysis Report To read this article on Zacks.com click here. While James Hardie carries a Zacks Rank #1 (Strong Buy), Aaron's and Masco carry a Zacks Rank #2 (Buy).
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AARONS INC (AAN): Free Stock Analysis Report JAMES HARDI-ADR (JHX): Free Stock Analysis Report MASCO (MAS): Free Stock Analysis Report UTD RENTALS INC (URI): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering in the sector include James Hardie Industries plc ( JHX ), Aaron's, Inc. ( AAN ) and Masco Corp. ( MAS ). United Rentals reported adjusted earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.58 and improving from the prior-year quarter's earnings of $1.35 per share.
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Some other stocks worth considering in the sector include James Hardie Industries plc ( JHX ), Aaron's, Inc. ( AAN ) and Masco Corp. ( MAS ). AARONS INC (AAN): Free Stock Analysis Report JAMES HARDI-ADR (JHX): Free Stock Analysis Report MASCO (MAS): Free Stock Analysis Report UTD RENTALS INC (URI): Free Stock Analysis Report To read this article on Zacks.com click here. The Greenwich, CT-based equipment rental company has a long-term expected earnings growth of 17.86%.
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8ac96553-504c-45fb-9c21-ab06e2fc69fb
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9461.0
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2013-12-05 00:00:00 UTC
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Aaron's to Buy Back $125M Shares - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-to-buy-back-%24125m-shares-analyst-blog-2013-12-05
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nan
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nan
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The rent-to-own operator, Aaron's Inc. ( AAN ), declared an accelerated share repurchase program to buyback its common shares worth about $125 million.
For this, the company collaborated ties with Wells Fargo Bank, National Association, a subsidiary of Wells Fargo & Company ( WFC ). Per the deal, Aaron's was scheduled to buyback about 3.5 million of Aaron's common stock on Dec 4, 2013, receiving a consideration of about $125 million. This represented nearly 80% of the number of shares planned to be repurchased under the program.
The company expects to conclude this accelerated share repurchase program by May 2014. However, the program has the option to be either completed earlier or even extended.
Aaron's total shares outstanding as of Oct 25, 2013 were nearly 76.3 million. The company plans to use its available cash to buyback shares under the program. As of Sep 30, 2013, the company had cash and investments of $309.2 million, while it generated nearly $244.0 million of operating cash flow during the first nine months of 2013.
With the intention of reviving its halted share repurchase activity since the beginning of 2013, Aaron's authorized an additional share repurchase program of 11 million on Oct 4. This brought the company's total authorization as of that date to 15 million.
Additionally, this Zacks Rank #3 (Hold) company has a consistent track record of rewarding shareholders through regular dividend payouts. The company is currently scheduled to pay a raised quarterly cash dividend of 21 cents on Jan 3, 2014 to shareholders with record as of Dec 2, 2013. Representing an increase of 23.5% from the prior dividend rate of 17 cents, this will mark the company's 8th consecutive annual dividend increase.
Aaron's has paid regular quarterly cash dividends since 2000. The company's strategy of paying regular dividends and increasing the same reflects its commitment to enhance long-term value for shareholders. It also depicts the company's ability to boost earnings and cash flows in the long run.
We believe that dividend payments and share repurchases not only enhance shareholders' return, but raise the market value of the stock as well. Through dividend payouts, companies bolster investors' 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 new share repurchase authorizations include Mondelez International Inc. ( MDLZ ) and Union Pacific Corp. ( UNP ).
AARONS INC (AAN): Free Stock Analysis Report
MONDELEZ INTL (MDLZ): Free Stock Analysis Report
UNION PAC CORP (UNP): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): 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 rent-to-own operator, Aaron's Inc. ( AAN ), declared an accelerated share repurchase program to buyback its common shares worth about $125 million. AARONS INC (AAN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, this Zacks Rank #3 (Hold) company has a consistent track record of rewarding shareholders through regular dividend payouts.
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The rent-to-own operator, Aaron's Inc. ( AAN ), declared an accelerated share repurchase program to buyback its common shares worth about $125 million. AARONS INC (AAN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. With the intention of reviving its halted share repurchase activity since the beginning of 2013, Aaron's authorized an additional share repurchase program of 11 million on Oct 4.
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The rent-to-own operator, Aaron's Inc. ( AAN ), declared an accelerated share repurchase program to buyback its common shares worth about $125 million. AARONS INC (AAN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. With the intention of reviving its halted share repurchase activity since the beginning of 2013, Aaron's authorized an additional share repurchase program of 11 million on Oct 4.
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The rent-to-own operator, Aaron's Inc. ( AAN ), declared an accelerated share repurchase program to buyback its common shares worth about $125 million. AARONS INC (AAN): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. The company plans to use its available cash to buyback shares under the program.
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a42ca71a-c9e8-457c-83a3-9ade509d2581
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9462.0
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2013-12-02 00:00:00 UTC
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Zacks #5 Rank Additions for Monday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-monday-tale-of-the-tape-2013-12-02
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Aaron's, Inc. ( AAN )
Abaxis Inc. ( ABAX )
Abercrombie & Fitch Co. ( ANF )
Acacia Research Corp ( ACTG )
ACCO Brands Corporation ( ACCO )
View the entire Zacks #5 Rank List .
AARONS INC (AAN): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
ACACIA RESEARCH (ACTG): Free Stock Analysis Report
ABERCROMBIE (ANF): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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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AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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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06f2c4b6-8bb9-420a-9841-8c2b73a995d1
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9463.0
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2013-11-26 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2013-11-26
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Aaron's, Inc. ( AAN )
Abaxis Inc. ( ABAX )
Abercrombie & Fitch Co. ( ANF )
Acacia Research Corp ( ACTG )
ACCO Brands Corporation ( ACCO )
View the entire Zacks #5 Rank List .
AARONS INC (AAN): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
ACACIA RESEARCH (ACTG): Free Stock Analysis Report
ABERCROMBIE (ANF): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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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AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): 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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674bceda-e0ab-4e29-9c53-107b729ba081
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9464.0
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2013-11-26 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for November 27, 2013
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-november-27-2013-2013-11-26
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on November 27, 2013. A cash dividend payment of $0.021 per share is scheduled to be paid on January 03, 2014. Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 23.53% increase over the prior quarter. At the current stock price of $29.1, the dividend yield is .29%.
The previous trading day's last sale of AAN was $29.1, representing a -5.83% decrease from the 52 week high of $30.90 and a 18.24% increase over the 52 week low of $24.61.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). AAN's current earnings per share, an indicator of a company's profitability, is $1.77. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as -3.49%, compared to an industry average of 13.3%.
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:
RevenueShares Mid Cap ( RWK )
Schwab Fundamental U.S. Large Company Index ETF ( FNDX )
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 38.6% over the last 100 days. RWK has the highest percent weighting of AAN at 0.18%.
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. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as -3.49%, compared to an industry average of 13.3%. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. 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 November 27, 2013.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAN was $29.1, representing a -5.83% decrease from the 52 week high of $30.90 and a 18.24% increase over the 52 week low of $24.61. The following ETF(s) have AAN as a top-10 holding: RevenueShares Mid Cap ( RWK ) Schwab Fundamental U.S. Large Company Index ETF ( FNDX ) Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. AAN's current earnings per share, an indicator of a company's profitability, is $1.77. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on November 27, 2013.
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bb6c4c4b-724e-425c-8f15-4f3464d4702b
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9465.0
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2013-11-22 00:00:00 UTC
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Rent-A-Center Opens Two Stores - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-opens-two-stores-analyst-blog-2013-11-22
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store each in Dinuba, CA and Bellefontaine, OH. The company conducts operations through 157 locations in California and 167 locations in Ohio.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974. The company also opened 112 RAC Acceptance stores, consolidated 10 stores with existing locations and closed 1, resulting in 1,254 stores.
Twenty two international locations were opened and 2 stores consolidated with existing locations during the quarter, bringing the count to 168 stores. Rent-A-Center Franchising International, which is a wholly owned subsidiary of Rent-A-Center, added 4 new locations and closed 12 locations, with the total store count remaining at 213.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #5 (Strong Sell), highlighting the company's lower-than-expected third-quarter 2013 results and trimmed outlook. The quarterly earnings came in at 51 cents a share that missed the Zacks Consensus Estimate of 63 cents, and fell 23.9% from the prior-year quarter. Management now envisions 2013 earnings in the band of $2.80 to $2.85 per share, down from a range of $3.03 to $3.15 per share forecasted earlier.
Other better ranked stocks in the finance-leasing universe worth considering are BlackRock Kelso Capital Corp. ( BKCC ) and Horizon Technology Finance Corp. ( HRZN ), both of which hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
BLACKROCK KELSO (BKCC): Free Stock Analysis Report
HORIZON TECHNOL (HRZN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
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AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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0eb0666f-fda9-4111-919d-ef10956fe33b
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9466.0
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2013-11-19 00:00:00 UTC
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Retail Industry Stock Outlook - Nov 2013 - Zacks Analyst Interviews
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AAN
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https://www.nasdaq.com/articles/retail-industry-stock-outlook-nov-2013-zacks-analyst-interviews-2013-11-19
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nan
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nan
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Retailers procure goods in large quantities directly from manufacturers or wholesalers and sell them in smaller quantities to customers through retail shops or online platforms. As consumer spending is the key to the viability of any economy, the health of the retail industry becomes an important economic indicator.
As a leader in the retail business, the United States provides ample growth opportunities for all types of retail companies. The retail industry covers everything in its scope, ranging from internet catalog sales, auto dealers, convenience stores, vending machines and clothing -- thus dividing retailers into numerous categories. Retailers of all sizes, including individual direct marketers or direct sellers, small- to medium-sized franchise unit owners, and large "big-box" store operators compete in the U.S.
From a growth perspective, the retail industry is among the dominant U.S. industries, and employs an enormous workforce. Retail sales represent approximately 30% of consumer spending.
Correlation with the Economy
So far this year, the broader markets have showcased signs of a better pace of recovery and have thus infused hopes of a better economic scenario going forward. One could contest this economic outlook, but the stock market's strong recent gains show clearly which way investors think the economy is headed. After strong gains this year, the S&P 500 and the Dow Jones Industrial Average are in record territory already and on the cusp of reaching milestone levels.
The stock market continues to soar given the Federal Reserve's stimulus program, wherein the central bank buys $85 million in bonds each month. Though the Fed Officials hinted to gradually roll back the program, however, the timing of the probable tapering of the program is still not certain.
Overall, most market participants expect the Fed to hold off on making any changes to its policy stance at least through April 2014.
An improved housing backdrop and gains on the labor market front have raised hopes of better times to come on consumer spending front. The recent rise in mortgage rates as a result of Fed taper fears has had some dampening effect on the housing sector, but overall activity level in the sector remains favorable. The last jobs report also indicated positive momentum in the labor market, though the data may not have been entirely reliable given effects from government shutdown.
However, consumer confidence appears to have taken a hit as a result of the fiscal discord in Washington DC.
The Conference Board's Consumer Confidence Index fell drastically to 71.2 in Oct 2013 following a small dip to 80.2 in September. The University of Michigan Consumer Sentiment survey shows similar weakness.
Key Metrics
The key data in retail industry analysis is comparable-store sales (comps), as it excludes sales at newly opened and closed stores. An improving job market, lower gas prices and favorable weather boosted sales data.
Apart from this, the reopening of government offices boosted customer traffic to stores for buy-now and wear-now apparel. These positives aided retailers to generate healthy sales for the month of October with consumer spending gaining some pace. As a result, the key metric data for most retailers reflected growth for the month of October.
Among the retailers, clothing chain L Brands Inc. ( LTD ), a specialty retailer of women's intimate and other apparel, beauty and personal care
products, led the pack with an 8% rise comparable-store sales and an 11.4% increase in net sales. This was followed by drugstore operator Walgreen Co. (WAG), which posted a 5.8% rise in comps and a 6.1% increase in total sales.
Off-price retailer of apparels, footwear and accessories Stein Mart Inc. ( SMRT ) was also on the list of best performers. The company registered a
5.4% rise in October comps, while total sales increased 6.9%. The Gap Inc. ( GPS ) posted a 4% rise in comps and a 5.7% increase in net sales to $1.29 billion for the month of October.
Apparel and accessories retailer, Cato Corporation ( CATO ) reported a 3% rise in comps with a 4% improvement in net sales. Costco Wholesale Corporation ( COST ), the warehouse retailer, also delivered comps growth of 3%. Meanwhile, net sales for October rose 6% to $8.15 billion from $7.66 billion in the year-ago period.
The Buckle Inc. ( BKE ), a retailer of casual apparels, footwear and accessories for men and women, witnessed a 2.6% rise in comps when compared with Oct 2012 results. Net sales increased 2.8% to $86.6 million from $84.2 million in the prior-year period.
Drugstore chain retailer Rite Aid Corp. ( RAD ) reported a 2.1% growth in comparable-store sales for Oct 2013, primarily driven by improved comps results at its pharmacy stores. Total drugstore sales climbed 2.2% to $1.961 billion for the month.
However, some retailers showcased soft performance. Washington-based retailer of sports-related teen apparel Zumiez Inc. ( ZUMZ ) reported a 1.2% increase in comps, while net sales notched 10% higher to $46.3 million. Discount store operator Fred's, Inc. ( FRED ) witnessed marginal growth with only a 0.8% rise in comps, up from a 0.8% decrease witnessed in Oct 2012. Net sales for October increased 2% to $143.4 million.
However, the U.S. retail and food services sales data for Sep 2013 were disappointing. According to the U.S. Census Bureau, the retail and food services sales fell 1% sequentially but improved 3.2% year-over-year to $425.9 billion.
Retailing - New Game, New Rules
The retail industry is rapidly evolving with a dramatic change in consumer buying habits. Satisfying customers and enriching buying experience require new strategies from retailers today. Modern retailing, interestingly enough, is a new game with new rules.
Despite the gradual rise in consumer discretionary purchases, the sluggish U.S. economy and continued weak in Europe cannot be ignored. Burdened with the lackluster scenario, retailers have largely concentrated on buyers' needs and lured them with innovative products, attractive discounts, free shipping and the ease of shopping through smartphones and tablets. However, these strategies only helped in generating modest revenues.
Thus, retailers essentially need to come up with brilliant strategies, while incorporating technological advancements and utilizing their real estate portfolio to the optimum level. In short, they need to Experiment, Differentiate, Optimize and Transform. In doing so, most retailers today are adopting an "omnichannel" approach, utilizing all possible mediums to engage consumers, including brick and mortar stores, online, and mobile.
Banking on this new mantra, Staples Inc. ( SPLS ), the world's largest retailer of office products and services and second largest online retailer, launched its first omnichannel stores, what it refers to as "the future of retail."
Simply put, through this omnichannel strategy, Staples hopes to integrate its retail network with enhanced digital capabilities. The company stated that stores will incorporate its .com and mobile assets. Alongside, the stores will feature Staples.com kiosks.
This new era store concept, with all its attractions could well prove to be a game changer in the long run for Staples. Providing shoppers the ease of shopping on their own terms and enriching their in-store shopping experience could be a crucial point of differentiation among other retailers.
In harmony with the evolving retail industry, department store operator Macy's Inc. ( M ) also adopted an omnichannel strategy. Despite macroeconomic challenges and cautious consumer spending, Macy's continues to post healthy results. Management largely attributes the credit to its omnichannel strategy aimed at enhancing customers' shopping experience.
Other notable retailers who are dancing to the tune of the omnichannel strategy include Nordstrom Inc. ( JWN ) and Chico's FAS Inc. ( CHS ).
Trends to Rule Going Forward
Some of the trends that are expected to rule the retail sector going forward include employing more technological solutions, incorporating customer feedback and targeting additional audiences with products and services.
With the growth of the .com era, shoppers have largely adopted new purchasing modes, using the Internet, mobile phones and tablets. Consumers today prefer to use their laptops or smartphones to compare prices of products they want to buy and place orders online, instead of visiting the company's stores. This growing trend has guided major U.S. retail chains to downsize their physical retail operations, and in turn develop their e-Commerce and m-Commerce sites to attract customers.
Other traits that are expected to affect the retail industry are the growth of self-service options for processes such as checking out and finding items in stores. These offerings provide greater convenience and faster transactions, and they satisfy shoppers who prefer to visit brick-and-mortar locations for immediately purchasing predetermined items.
Of late, the store-within-a-store concept has been making headlines, though it's nothing new to retailers. J. C. Penney Company Inc. ( JCP ) is one such retailer which has been focusing on this business strategy for quite some time. The recent one to join the league is consumer electronic retailer Best Buy Company Inc. ( BBY ), which has been facing stiff competition from industry bellwethers such as Wal-Mart Stores Inc. ( WMT ) and Amazon.com Inc. ( AMZN ) to increase its footfall, sales and profitability.
Best Buy is leaving no stone unturned to woo consumers and attain incremental revenue, and it was well evident from its strategic initiative of opening over 1,400 "Samsung Experience Shops" within its stores, announced in April. The model seems to be working for the retailer, which also has a dedicated floor area for Apple Inc.'s ( AAPL ) products.
Taking the initiatives further, Best Buy recently unveiled its partnership with Microsoft Corporation ( MSFT ) to roll out the "Windows Store" across its 500 outlets in the U.S. with an additional 100 in Canada. The electronics retailer come out with better-than-expected results for the October quarter, but warned about trends in its margins for the all-important holiday season quarter.
Further, retailers across the industry are identifying the need to know their customers better, to drive growth. In today's retail world, where consumer is the king, companies are focusing on effectively using data and analytics to better understand consumers, as well as for branding, product management, and making better pricing decisions. Focused on leveraging large amounts of consumer-related data and providing personalized solutions to customers, retailers are adopting the technologies like Cloud Computing.
Challenges and Some Remedial Measures
The retail industry is highly competitive and encounters significant challenges. Although the U.S. economy has started witnessing a recovery, we still believe that 2013 will not fully mark the resurrection. Consumers are slowly regaining confidence and cautiously increasing their spending.
Moreover, consumers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels, and high household debt levels, which may negatively impact their discretionary spending and eventually adversely affect the growth and profitability of retail companies.
Macroeconomic Conditions: Retail is no different from other U.S. industries, which is highly dependent on the economy to prosper. Such heightened dependence on the economy and factors like job growth and interest rates indicate that a speedy recovery of the economy is vital for the health of the retail industry. While the unemployment rate has decreased considerably over time, consumers are now beginning to draw out their savings to spend, anticipating some economic recovery.
Changes in Consumer Needs, Attitudes and Behavior: The growth of modern retail is linked to consumer needs, attitudes and behavior. Adapting to the sluggish economic environment prevalent over the last few years, consumer behavior has shifted to being more conservative. This has now become the regular behavioral pattern of consumers as they remain budget conscious, seeking greater value. In the process, buyers are swiftly switching to the less expensive brands and consolidating shopping trips.
Moreover, people today prefer to cook at home instead of eat out. This shift in consumer behavior is inducing retailers to adopt various strategies to stay in the competition. Retailers are offering trend-right and well-designed assortments at compelling prices, without compromising on the quality, in order to drive traffic.
Staging Stores: The waning popularity of brick-and-mortar store formats has made it essential for retailers to adopt new techniques like 'staging stores' to woo customers. Staging basically refers to the act of making the company's stores attractive, where people like to spend their time. The idea behind this strategy is to make shopping interesting for consumers, so that they would want to walk into the stores, rather than shop online.
Zacks Industry Rank
Within the Zacks Industry classification, Retail/Wholesale (one of 16 Zacks sectors) is divided into two categories -- Nonfood Retail-Wholesale and Food/Drug- Retail/Wholesale under the Medium (M) Industry Group and further sub-divided into 14 industries at the expanded level -- Building Products-Retail/Wholesale, Internet Commerce, Retail/Wholesale Auto/Truck, Retail-Apparel/Shoe, Retail-Consumer Electronic, Retail-Discount, Retail-Drug Store, Retail-Jewelry, Retail-Miscellaneous/Diversified, Retail-Restaurants, Retail-RGN Department, Retail-Supermarket, Retail/Wholesale-Auto Parts and Retail/Wholesale CMP.
We rank all the 250 plus industries in the 16 Zacks sectors based on the earnings outlook and fundamental strength of the constituent companies in each industry. To learn more visit: About Zacks Industry Rank .
As a point of reference, the outlook for industries with Zacks Industry Rank #88 and lower is 'Positive,' between #89 and #176 is 'Neutral' and #177 and higher is 'Negative.'
The Zacks Industry Rank for Retail-Drug Store #9, Internet Commerce #22, Retail/Wholesale-Auto Parts #31, Retail/Wholesale CMP #46, Retail-Consumer Electronic #72, Retail-Miscellaneous/Diversified #91, Retail-RGN Department #109, Retail-Discount #109, Retail-Supermarket #165, Building Products-Retail/Wholesale #175, Retail/Wholesale Auto/Truck #175, Retail-Restaurants #179, Retail-Apparel/Shoe #222 and Retail-Jewelry #233.
Analyzing the Zacks Industry Rank for the constituent industries in this space, it is apparent that the overall outlook for the Retail/Wholesale sector is Neutral.
Earnings Trends
The broader Retail/Wholesale sector portrays an impressive earnings trend. The third quarter 2013 results for the sector were disappointing in terms of both beat ratios (percentage of companies coming out with positive surprises) and growth.
The earnings "beat ratio" was 52%, while the revenue "beat ratio" was 28%. Total earnings for this sector increased 6.2% year over year, reflecting an improvement over 7.3% growth registered in the second quarter of 2013. Total revenue grew 3.7% in the quarter versus 4.2% jump in the previous quarter.
Looking at the consensus earnings expectations for the rest of the year, the picture looks blurred with earnings expected to grow only 1.4% in the fourth quarter of 2013, registering full-year 2013 growth of 7.2%. Going into the next year, however, earnings expectations look slightly encouraging, with projected earnings growth of 10.8% in the first quarter and 13.5% in the second quarter of 2014. Additionally, full-year 2014 earnings are expected to grow 17.0%.
For more details about earnings for this sector and others, please read our ' Earnings Trends ' report.
Conclusion
Retailers are trying to remain competitive primarily by shifting focus to the long-term horizon and finding innovative solutions to create value, reduce operating costs and mitigate risks throughout the enterprise.
Right-sizing inventories, enhancing efficiency and competence and bringing in technological advancements are the key agendas that retailers are focusing on. Moreover, cost-containment efforts and merchandise initiatives to improve margins are top priorities.
Retail, owing to its huge spectrum, remains a lucrative investment avenue for investors. The sector reflects consumer spending trends, an important parameter to gauge the health of the economy. Thus, identifying future winners from this sector would be a good investment decision.
We recommend few stocks in the sector at this point, as these companies are showing significant growth despite the secular headwinds. The stocks in our coverage with a Zacks Rank #1 (Strong Buy) include, Best Buy Companies Inc., Rite Aid Corp., Constellation Brands Inc. ( STZ ), Hanesbrands Inc. ( HBI ), Quicksilver Inc. ( ZQK ), Builders FirstSource Inc. ( BLDR ), TravelCenters of America LLC ( TA ), Netflix Inc. ( NFLX ), Nu Skin Enterprises Inc. ( NUS ) and Mohawk Industries Inc. ( MHK ).
Additionally, we prefer stocks with a Zacks Rank #2 (Buy), namely Ulta Salon, Cosmetics & Fragrance Inc. ( ULTA ), Marinemax Inc. ( HZO ), Tractor Supply Company ( TSCO ), Five Below Inc. ( FIVE ), Gildan Activewear Inc. ( GIL ), Big Lots Inc. ( BIG ), PriceSmart Inc. ( PSMT ), The TJX Companies Inc. ( TJX ), Marks & Spencers Group Plc ( MAKSY ), Conns Inc. ( CONN ), GameStop Corp. ( GME ), DSW Inc. ( DSW ), Finish Line Inc. ( FINL ), Haverty Furniture Companies Inc. ( HVT ), Fortune Brands Home & Security Inc. ( FBHS ), The Kroger Company ( KR ) and Michael Kors Holdings Ltd ( KORS ).
On the other hand, there are stocks that don't hold promise in the near term, and carry Zacks Rank #4 (Sell) and Zacks Rank #5 (Strong Sell). These include Barnes & Noble Inc. ( BKS ), Hibbett Sports Inc. ( HIBB ), Staples Inc., Costa Inc. ( ATX ), PVH Corp. ( PVH ), Coach Inc. ( COH ), Fred's Inc., Family Dollar Stores Inc. ( FDO ), Crocs Inc. ( CROX ), Wholesale Foods Market Inc. ( WFM ), Aarons Inc. ( AAN ), RadioShack Corp. ( RSH ), Aeropostale Inc. ( ARO ), Zale Corp. ( ZLC ), Leggett & Platt Inc. ( LEG ), Lowe's Companies Inc. ( LOW ), Abercrombie & Fitch Co. ( ANF ), Fastenal Company ( FAST ) and BJ's Restaurants Inc. ( BJRI ).
AARONS INC (AAN): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
ABERCROMBIE (ANF): Free Stock Analysis Report
AEROPOSTALE INC (ARO): Free Stock Analysis Report
COSTA INC (ATX): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
BIG LOTS INC (BIG): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
BUCKLE INC (BKE): Free Stock Analysis Report
BARNES & NOBLE (BKS): Free Stock Analysis Report
BUILDERS FIRSTS (BLDR): Free Stock Analysis Report
CHICOS FAS INC (CHS): Free Stock Analysis Report
COACH INC (COH): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis Report
CROCS INC (CROX): Free Stock Analysis Report
DSW INC CL-A (DSW): Free Stock Analysis Report
FASTENAL (FAST): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
FAMILY DOLLAR (FDO): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
FIVE BELOW INC (FIVE): Free Stock Analysis Report
FREDS INC (FRED): Free Stock Analysis Report
GILDAN ACTVWEAR (GIL): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
HANESBRANDS INC (HBI): Free Stock Analysis Report
HIBBET SPORTS (HIBB): Free Stock Analysis Report
HAVERTY FURNIT (HVT): Free Stock Analysis Report
MARINEMAX INC (HZO): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MICHAEL KORS (KORS): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
LEGGETT & PLATT (LEG): Free Stock Analysis Report
LOWES COS (LOW): Free Stock Analysis Report
L BRANDS INC (LTD): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
MARKS&SPENCER (MAKSY): Get Free Report
MOHAWK INDS INC (MHK): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis Report
NU SKIN ENTERP (NUS): Free Stock Analysis Report
PRICESMART INC (PSMT): Free Stock Analysis Report
PVH CORP (PVH): Free Stock Analysis Report
RITE AID CORP (RAD): Free Stock Analysis Report
RADIOSHACK CORP (RSH): Free Stock Analysis Report
STAPLES INC (SPLS): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
TRAVELCENTERS (TA): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
TRACTOR SUPPLY (TSCO): Free Stock Analysis Report
ULTA SALON COSM (ULTA): Free Stock Analysis Report
WALGREEN CO (WAG): Free Stock Analysis Report
WHOLE FOODS MKT (WFM): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
ZALE CORP NEW (ZLC): Free Stock Analysis Report
QUIKSILVER INC (ZQK): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): 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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These include Barnes & Noble Inc. ( BKS ), Hibbett Sports Inc. ( HIBB ), Staples Inc., Costa Inc. ( ATX ), PVH Corp. ( PVH ), Coach Inc. ( COH ), Fred's Inc., Family Dollar Stores Inc. ( FDO ), Crocs Inc. ( CROX ), Wholesale Foods Market Inc. ( WFM ), Aarons Inc. ( AAN ), RadioShack Corp. ( RSH ), Aeropostale Inc. ( ARO ), Zale Corp. ( ZLC ), Leggett & Platt Inc. ( LEG ), Lowe's Companies Inc. ( LOW ), Abercrombie & Fitch Co. ( ANF ), Fastenal Company ( FAST ) and BJ's Restaurants Inc. ( BJRI ). AARONS INC (AAN): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report COSTA INC (ATX): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report CROCS INC (CROX): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FASTENAL (FAST): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report HAVERTY FURNIT (HVT): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARKS&SPENCER (MAKSY): Get Free Report MOHAWK INDS INC (MHK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRAVELCENTERS (TA): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report QUIKSILVER INC (ZQK): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. The recent one to join the league is consumer electronic retailer Best Buy Company Inc. ( BBY ), which has been facing stiff competition from industry bellwethers such as Wal-Mart Stores Inc. ( WMT ) and Amazon.com Inc. ( AMZN ) to increase its footfall, sales and profitability.
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These include Barnes & Noble Inc. ( BKS ), Hibbett Sports Inc. ( HIBB ), Staples Inc., Costa Inc. ( ATX ), PVH Corp. ( PVH ), Coach Inc. ( COH ), Fred's Inc., Family Dollar Stores Inc. ( FDO ), Crocs Inc. ( CROX ), Wholesale Foods Market Inc. ( WFM ), Aarons Inc. ( AAN ), RadioShack Corp. ( RSH ), Aeropostale Inc. ( ARO ), Zale Corp. ( ZLC ), Leggett & Platt Inc. ( LEG ), Lowe's Companies Inc. ( LOW ), Abercrombie & Fitch Co. ( ANF ), Fastenal Company ( FAST ) and BJ's Restaurants Inc. ( BJRI ). AARONS INC (AAN): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report COSTA INC (ATX): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report CROCS INC (CROX): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FASTENAL (FAST): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report HAVERTY FURNIT (HVT): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARKS&SPENCER (MAKSY): Get Free Report MOHAWK INDS INC (MHK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRAVELCENTERS (TA): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report QUIKSILVER INC (ZQK): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, we prefer stocks with a Zacks Rank #2 (Buy), namely Ulta Salon, Cosmetics & Fragrance Inc. ( ULTA ), Marinemax Inc. ( HZO ), Tractor Supply Company ( TSCO ), Five Below Inc. ( FIVE ), Gildan Activewear Inc. ( GIL ), Big Lots Inc. ( BIG ), PriceSmart Inc. ( PSMT ), The TJX Companies Inc. ( TJX ), Marks & Spencers Group Plc ( MAKSY ), Conns Inc. ( CONN ), GameStop Corp. ( GME ), DSW Inc. ( DSW ), Finish Line Inc. ( FINL ), Haverty Furniture Companies Inc. ( HVT ), Fortune Brands Home & Security Inc. ( FBHS ), The Kroger Company ( KR ) and Michael Kors Holdings Ltd ( KORS ).
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AARONS INC (AAN): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report COSTA INC (ATX): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report CROCS INC (CROX): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FASTENAL (FAST): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report HAVERTY FURNIT (HVT): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARKS&SPENCER (MAKSY): Get Free Report MOHAWK INDS INC (MHK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRAVELCENTERS (TA): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report QUIKSILVER INC (ZQK): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. These include Barnes & Noble Inc. ( BKS ), Hibbett Sports Inc. ( HIBB ), Staples Inc., Costa Inc. ( ATX ), PVH Corp. ( PVH ), Coach Inc. ( COH ), Fred's Inc., Family Dollar Stores Inc. ( FDO ), Crocs Inc. ( CROX ), Wholesale Foods Market Inc. ( WFM ), Aarons Inc. ( AAN ), RadioShack Corp. ( RSH ), Aeropostale Inc. ( ARO ), Zale Corp. ( ZLC ), Leggett & Platt Inc. ( LEG ), Lowe's Companies Inc. ( LOW ), Abercrombie & Fitch Co. ( ANF ), Fastenal Company ( FAST ) and BJ's Restaurants Inc. ( BJRI ). Retailers of all sizes, including individual direct marketers or direct sellers, small- to medium-sized franchise unit owners, and large "big-box" store operators compete in the U.S. From a growth perspective, the retail industry is among the dominant U.S. industries, and employs an enormous workforce.
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These include Barnes & Noble Inc. ( BKS ), Hibbett Sports Inc. ( HIBB ), Staples Inc., Costa Inc. ( ATX ), PVH Corp. ( PVH ), Coach Inc. ( COH ), Fred's Inc., Family Dollar Stores Inc. ( FDO ), Crocs Inc. ( CROX ), Wholesale Foods Market Inc. ( WFM ), Aarons Inc. ( AAN ), RadioShack Corp. ( RSH ), Aeropostale Inc. ( ARO ), Zale Corp. ( ZLC ), Leggett & Platt Inc. ( LEG ), Lowe's Companies Inc. ( LOW ), Abercrombie & Fitch Co. ( ANF ), Fastenal Company ( FAST ) and BJ's Restaurants Inc. ( BJRI ). AARONS INC (AAN): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): Free Stock Analysis Report COSTA INC (ATX): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report BIG LOTS INC (BIG): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report BUCKLE INC (BKE): Free Stock Analysis Report BARNES & NOBLE (BKS): Free Stock Analysis Report BUILDERS FIRSTS (BLDR): Free Stock Analysis Report CHICOS FAS INC (CHS): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report COSTCO WHOLE CP (COST): Free Stock Analysis Report CROCS INC (CROX): Free Stock Analysis Report DSW INC CL-A (DSW): Free Stock Analysis Report FASTENAL (FAST): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report FREDS INC (FRED): Free Stock Analysis Report GILDAN ACTVWEAR (GIL): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HANESBRANDS INC (HBI): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report HAVERTY FURNIT (HVT): Free Stock Analysis Report MARINEMAX INC (HZO): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report LEGGETT & PLATT (LEG): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report L BRANDS INC (LTD): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MARKS&SPENCER (MAKSY): Get Free Report MOHAWK INDS INC (MHK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report NU SKIN ENTERP (NUS): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report RITE AID CORP (RAD): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRAVELCENTERS (TA): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report TRACTOR SUPPLY (TSCO): Free Stock Analysis Report ULTA SALON COSM (ULTA): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report ZALE CORP NEW (ZLC): Free Stock Analysis Report QUIKSILVER INC (ZQK): Free Stock Analysis Report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company registered a 5.4% rise in October comps, while total sales increased 6.9%.
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47024322-ef4c-474f-b1c1-dccdf7fa9df0
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9467.0
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2013-11-15 00:00:00 UTC
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Rent-A-Center Expands Store Network - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-expands-store-network-analyst-blog-2013-11-15
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store each in Wake Forest, N.C. and West Haverstraw, N.Y. on Nov 15, 2013. The company conducts operations through 119 locations in North Carolina and 179 locations in New York.
Last month, Rent-A-Center opened a new outlet in Circleville, Ohio, where it operates through 167 locations.
These moves reflect the company's extensive network and with its sheer geographic reach, it is able to effectively penetrate into its target markets, helping it generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S., opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974. The company also opened 112 RAC Acceptance stores, consolidated 10 stores with existing locations and closed 1, resulting in 1,254 stores.
Twenty two international locations were opened and 2 stores consolidated with existing locations during the quarter, bringing the count to 168 stores. Rent-A-Center Franchising International, which is a wholly owned subsidiary of Rent-A-Center, added 4 new locations and closed 12 locations, with the total store count remaining at 213.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
This Zacks Rank #5 (Strong Sell) company offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period.
Though Rent-A-Center is currently unfavorably positioned owing to its dismal third-quarter 2013 results and trimmed guidance, other stocks worth considering in the related industry include Horizon Technology Finance Corporation ( HRZN ) and BlackRock Kelso Capital Corporation ( BKCC ), both holding a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
BLACKROCK KELSO (BKCC): Free Stock Analysis Report
HORIZON TECHNOL (HRZN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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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These moves reflect the company's extensive network and with its sheer geographic reach, it is able to effectively penetrate into its target markets, helping it generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center Inc. ( RCII ) announced the opening of a new store each in Wake Forest, N.C. and West Haverstraw, N.Y. on Nov 15, 2013.
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AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. These moves reflect the company's extensive network and with its sheer geographic reach, it is able to effectively penetrate into its target markets, helping it generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S., opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. These moves reflect the company's extensive network and with its sheer geographic reach, it is able to effectively penetrate into its target markets, helping it generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S., opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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These moves reflect the company's extensive network and with its sheer geographic reach, it is able to effectively penetrate into its target markets, helping it generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report BLACKROCK KELSO (BKCC): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded quarter, the largest rent-to-own operator in the U.S., opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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10b41a2d-35f7-41b9-9c9a-49f99ab3e7de
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9468.0
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2013-11-14 00:00:00 UTC
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Aaron's, Inc. (AAN) Enters Overbought territory - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/aarons-inc.-aan-enters-overbought-territory-tale-of-the-tape-2013-11-14
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nan
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nan
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Investors have definitely seen some solid trading in Aaron's, Inc. (AAN) lately, leading to gains for some. However, AAN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.9. Additionally, Aaron's, Inc. currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.
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 have definitely seen some solid trading in Aaron's, Inc. (AAN) lately, leading to gains for some. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here. However, AAN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.9.
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Investors have definitely seen some solid trading in Aaron's, Inc. (AAN) lately, leading to gains for some. However, AAN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.9. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors have definitely seen some solid trading in Aaron's, Inc. (AAN) lately, leading to gains for some. However, AAN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.9. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors have definitely seen some solid trading in Aaron's, Inc. (AAN) lately, leading to gains for some. However, AAN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.9. AARONS INC (AAN): Free Stock Analysis Report To read this article on Zacks.com click here.
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ddf66701-8ef4-4361-a496-51737897faa6
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9469.0
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2013-11-04 00:00:00 UTC
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Zacks #5 Rank Additions for Monday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-monday-tale-of-the-tape-2013-11-04
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Aaron's, Inc. ( AAN )
Abaxis Inc ( ABAX )
Acacia Research Corp ( ACTG )
ACCO Brands Corporation ( ACCO )
Aegion Corp - Class A ( AEGN )
View the entire Zacks #5 Rank List .
AARONS INC (AAN): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
ACACIA RESEARCH (ACTG): Free Stock Analysis Report
AEGION CORP (AEGN): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) Aegion Corp - Class A ( AEGN ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report AEGION CORP (AEGN): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) Aegion Corp - Class A ( AEGN ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report AEGION CORP (AEGN): 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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AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report AEGION CORP (AEGN): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) Aegion Corp - Class A ( AEGN ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc ( ABAX ) Acacia Research Corp ( ACTG ) ACCO Brands Corporation ( ACCO ) Aegion Corp - Class A ( AEGN ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report AEGION CORP (AEGN): 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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d6fa8c08-6564-4bc7-b079-12b6069bea58
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9470.0
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2013-10-28 00:00:00 UTC
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Rent-A-Center Opens Store in Ohio - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-opens-store-in-ohio-analyst-blog-2013-10-28
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store in Circleville, Ohio. The company conducts operations through 167 locations in Ohio.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974. The company also opened 112 RAC Acceptance stores, consolidated 10 stores with existing locations and closed 1, resulting in 1,254 stores.
Twenty two international locations were opened and 2 stores consolidated with existing locations during the quarter, bringing the count to 168 stores. Rent-A-Center Franchising International, which is a wholly owned subsidiary of Rent-A-Center, added 4 new locations and closed 12 locations, with the total store count remaining at 213.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
The company also recently completed its $200 million accelerated share repurchase activity that was earlier announced on May 2, 2013. The company now has $255.2 million remaining at its disposal under its $1.25 billion share buyback authorization. The accelerated buyback program was also a part of the authorization.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #5 (Strong Sell), highlighting the company's lower-than-expected third-quarter 2013 results and trimmed outlook. The quarterly earnings came in at 51 cents a share that missed the Zacks Consensus Estimate of 63 cents, and fell 23.9% from the prior-year quarter. Management now envisions 2013 earnings in the band of $2.80 to $2.85 per share, down from a range of $3.03 to $3.15 per share forecasted earlier.
Other stocks worth considering in the finance-leasing industry are Apollo Investment Corp. ( AINV ) carrying a Zacks Rank #1 (Strong Buy) and Horizon Technology Finance Corp. ( HRZN ) holding a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
APOLLO INV CP (AINV): Free Stock Analysis Report
HORIZON TECHNOL (HRZN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report APOLLO INV CP (AINV): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report APOLLO INV CP (AINV): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. The company also opened 112 RAC Acceptance stores, consolidated 10 stores with existing locations and closed 1, resulting in 1,254 stores.
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AARONS INC (AAN): Free Stock Analysis Report APOLLO INV CP (AINV): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 6 new Core U.S. locations, acquired 6 stores and consolidated 10 stores with existing locations, bringing the total store count to 2,974.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report APOLLO INV CP (AINV): Free Stock Analysis Report HORIZON TECHNOL (HRZN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The company also opened 112 RAC Acceptance stores, consolidated 10 stores with existing locations and closed 1, resulting in 1,254 stores.
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2de61519-9c92-4ab5-a38f-a7725ec691e4
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9471.0
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2013-10-25 00:00:00 UTC
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Aaron's Exhibits Weak Q3 Earnings - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-exhibits-weak-q3-earnings-analyst-blog-2013-10-25
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nan
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nan
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Battered by decline in revenues and higher operating expenses, the leading rent-to-own operator, Aaron's Inc. ( AAN ) posted weak financial results for the third quarter of 2013. The company's adjusted earnings declined 13% year over year to 40 cents per share and missed the Zacks Consensus Estimate of 41 cents.
Further, on a reported basis, Aaron's earnings of 28 cents per share were down 26.3% from 38 cents in the comparable year-ago period.
Quarterly Highlights
Due to weak comparable-store sales and customer growth performance, the company's top line increased 1.9% year over year to $539.5 million but fell short of its own guidance as well as the Zacks Consensus Estimate of $540.0 million.
In its preliminary results announced on Oct 4, Aaron's lowered its outlook for the third quarter. The leading rent-to-own operator reduced its revenue expectation to $540 million from $550 million projected earlier. The revision was primarily due to the prevalent sluggish economic environment, which limited consumers' spending.
Furthermore, Aaron's lowered its earnings guidance range for the third quarter to 25-29 cents per share from 48-52 cents forecasted earlier, which included certain one-time charges. Excluding these items, Aaron's was anticipating earnings per share to be 37-41 cents, down from the prior range of 48-52 cents.
Comps at the company-owned stores inched up 0.5% in the quarter, while stores open for over 2 years witnessed a 0.8% fall in sales. Customer traffic at the company-operated stores increased 0.3%. Comps at the company's franchised stores registered a 2.2% rise, attributable to increase in customer traffic by 2.5%.
The company's Sales & Lease Ownership division's revenues were recorded at $522.9 million, up 1% from the third quarter of 2012. The HomeSmart division reported revenues of $14.8 million, increasing 5% from the year-ago comparable quarter.
At the quarter-end, the company's self-operated stores had 1,114,000 customers, while the franchisee customer count was 597,000. Total customer count increased 3.0% when compared with the same period last year.
Operating income came in at $30.2 million, down 35.3% from the year-ago quarter. Consequently, operating margin contracted 320 bps to 5.6%.
Financial Position
Cash and investments at Aaron's as of Sep 30, 2013 were $309.2 million and total shareholder equity was $1,240.4 million. The company generated nearly $244.0 million of cash flow from operating activities during the first nine months of 2013.
On Oct 4, Aaron's announced that its board of directors has authorized an additional share repurchase program of 11 million, bringing the company's total authorization to 15 million. The company has not repurchased shares since the beginning of 2013, but now intends to do so at the earliest.
Store Update
During the reported quarter, Aaron's opened 5 new company-operated Sales & Lease Ownership stores, 8 new franchised stores, 2 franchised HomeSmart stores and 1 RIMCO store. The company also acquired 6 stores from its franchisees operators and sold out 2 stores to a franchise. Moreover, Aaron's closed 2 company-operated Sales & Lease Ownership stores and 1 franchised RIMCO store.
As of Sep 30, 2013, Aaron's had a total of 1,242 company-operated Sales & Lease Ownership stores, 760 franchised Sales & Lease Ownership stores, 78 HomeSmart stores, 3 franchised HomeSmart stores, 23 company-operated RIMCO stores, and 5 franchised RIMCO stores. At the reported quarter-end, the company operated a total number of 2,111 stores.
Management Guidance
Disappointed by lower-than-expected results, Aaron's lowered its full-year 2013 revenue guidance to $2.26 billion, from $2.30 billion forecasted earlier. Moreover, the company lowered its adjusted earnings guidance and now anticipates it in the range of $1.95-$1.99 per share, compared with the earlier projection of $2.15-2.23. Currently, the Zacks Consensus Estimate for 2013 is $2.02 per share, which may witness a revision in the coming days.
Further, management lowered the upper-end of its new store growth target to 4%-5% in 2013 from 4%-6% projected earlier, with equal numbers of company-operated and franchised stores and a small rise in the number of HomeSmart stores. Going forward, Aaron's will be focused on its strategy of acquiring franchised stores or selling underperforming company-operated stores.
Further, Aaron's expects to report total revenue of about $575.0 million in the fourth quarter of 2013. Earnings per share will likely be 38-42 cents in the fourth quarter. Currently, the Zacks Consensus Estimate is 46 cents per share, which could witness a revision in the future following the company's new guidance.
Other Stocks Worth Considering
Aaron's currently has a Zacks Rank #5 (Strong Sell). Other well-performing stocks in the retail consumer electronic space include Best Buy Co., Inc . ( BBY ), GameStop Corp . ( GME ) and hhgregg Inc . ( HGG ). While Best Buy carries a Zacks Rank #1 (Strong Buy), GameStop and hhgregg both have a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
GAMESTOP CORP (GME): Free Stock Analysis Report
HHGREGG INC (HGG): 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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Battered by decline in revenues and higher operating expenses, the leading rent-to-own operator, Aaron's Inc. ( AAN ) posted weak financial results for the third quarter of 2013. AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Comps at the company's franchised stores registered a 2.2% rise, attributable to increase in customer traffic by 2.5%.
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AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Battered by decline in revenues and higher operating expenses, the leading rent-to-own operator, Aaron's Inc. ( AAN ) posted weak financial results for the third quarter of 2013. Store Update During the reported quarter, Aaron's opened 5 new company-operated Sales & Lease Ownership stores, 8 new franchised stores, 2 franchised HomeSmart stores and 1 RIMCO store.
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AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Battered by decline in revenues and higher operating expenses, the leading rent-to-own operator, Aaron's Inc. ( AAN ) posted weak financial results for the third quarter of 2013. Store Update During the reported quarter, Aaron's opened 5 new company-operated Sales & Lease Ownership stores, 8 new franchised stores, 2 franchised HomeSmart stores and 1 RIMCO store.
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AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report GAMESTOP CORP (GME): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Battered by decline in revenues and higher operating expenses, the leading rent-to-own operator, Aaron's Inc. ( AAN ) posted weak financial results for the third quarter of 2013. Operating income came in at $30.2 million, down 35.3% from the year-ago quarter.
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e7163715-78f7-47af-a0f3-04e46d013d6c
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9472.0
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2013-10-21 00:00:00 UTC
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Zacks #5 Rank Additions for Monday - Tale of the Tape
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AAN
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-monday-tale-of-the-tape-2013-10-21
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Aaron's, Inc. ( AAN )
Abaxis Inc. ( ABAX )
Abercrombie & Fitch Co. ( ANF )
Acacia Research Corp. ( ACTG )
Aeropostale Inc. ( ARO )
View the entire Zacks #5 Rank List .
AARONS INC (AAN): Free Stock Analysis Report
ABAXIS INC (ABAX): Free Stock Analysis Report
ACACIA RESEARCH (ACTG): Free Stock Analysis Report
ABERCROMBIE (ANF): Free Stock Analysis Report
AEROPOSTALE INC (ARO): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp. ( ACTG ) Aeropostale Inc. ( ARO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp. ( ACTG ) Aeropostale Inc. ( ARO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): 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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AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): 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 #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp. ( ACTG ) Aeropostale Inc. ( ARO ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's, Inc. ( AAN ) Abaxis Inc. ( ABAX ) Abercrombie & Fitch Co. ( ANF ) Acacia Research Corp. ( ACTG ) Aeropostale Inc. ( ARO ) View the entire Zacks #5 Rank List . AARONS INC (AAN): Free Stock Analysis Report ABAXIS INC (ABAX): Free Stock Analysis Report ACACIA RESEARCH (ACTG): Free Stock Analysis Report ABERCROMBIE (ANF): Free Stock Analysis Report AEROPOSTALE INC (ARO): 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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8b0e9f97-8f69-4809-a811-a795cf51b821
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9473.0
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2013-10-08 00:00:00 UTC
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Aaron's Lowers Q3 Outlook on Weak Sales - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-lowers-q3-outlook-on-weak-sales-analyst-blog-2013-10-08
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nan
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nan
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Based on lower-than-expected revenue and customer growth as well as expectations of an additional regulatory proceedings charge, Aaron's Inc. ( AAN ) lowered its revenue and earnings guidance for the third quarter of fiscal 2013.
The leading rent-to-own operator reduced its revenue expectation to $540 million from $550 million projected earlier. The revision was primarily due to the prevalent sluggish economic environment, which limited consumers' spending. The company's comparable sales and customer growth remained flat year over year. Moreover, shipments of franchised products declined from the year-ago comparable quarter.
In order to reinstate itself on the growth trajectory, Aaron's has already launched the promotion of various new products and hopes to enhance it further in the coming quarters. Moreover, the company expects the HomeSmart business to contribute significantly to revenues in fiscal 2014 and in the future, given its store expansion programs for the segment.
Furthermore, Aaron's projects an additional charge of about $13 million in the third quarter relating to a pending regulatory investigation by the California Attorney General.
Considering the above-mentioned factors, along with an accrued regulatory charge, Aaron's lowered its earnings guidance range for the third quarter to 25-29 cents per share from 48-52 cents forecasted earlier.
Excluding the effect of regulatory charge, Aaron's anticipates earnings per share to be 37-41 cents, up from the prior range of 48-52 cents. Currently, the Zacks Consensus Estimate is 49 cents per share, which could witness a revision in the future following the company's guidance.
Concurrently, Aaron's announced that its board of directors has authorized an additional share repurchase program of $11 million, bringing the company's total authorization to $15 million. The company has not repurchased shares since the beginning of 2013, but now intends to do so at the earliest. Aaron's ended Sep 2013 with $300 million of cash in hand and $100 million in investments.
Currently, Aaron's carries a Zacks Rank #4 (Sell). Other well-performing stocks among consumer electronics retailers include Best Buy Co., Inc. ( BBY ), Conns Inc . ( CONN ) and hhgregg Inc . ( HGG ). All of these carry Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
HHGREGG INC (HGG): 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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Based on lower-than-expected revenue and customer growth as well as expectations of an additional regulatory proceedings charge, Aaron's Inc. ( AAN ) lowered its revenue and earnings guidance for the third quarter of fiscal 2013. AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. In order to reinstate itself on the growth trajectory, Aaron's has already launched the promotion of various new products and hopes to enhance it further in the coming quarters.
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Based on lower-than-expected revenue and customer growth as well as expectations of an additional regulatory proceedings charge, Aaron's Inc. ( AAN ) lowered its revenue and earnings guidance for the third quarter of fiscal 2013. AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Considering the above-mentioned factors, along with an accrued regulatory charge, Aaron's lowered its earnings guidance range for the third quarter to 25-29 cents per share from 48-52 cents forecasted earlier.
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Based on lower-than-expected revenue and customer growth as well as expectations of an additional regulatory proceedings charge, Aaron's Inc. ( AAN ) lowered its revenue and earnings guidance for the third quarter of fiscal 2013. AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Concurrently, Aaron's announced that its board of directors has authorized an additional share repurchase program of $11 million, bringing the company's total authorization to $15 million.
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Based on lower-than-expected revenue and customer growth as well as expectations of an additional regulatory proceedings charge, Aaron's Inc. ( AAN ) lowered its revenue and earnings guidance for the third quarter of fiscal 2013. AARONS INC (AAN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the Zacks Consensus Estimate is 49 cents per share, which could witness a revision in the future following the company's guidance.
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3a541a63-7a6b-4582-925b-eb1ed57cd7d0
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9474.0
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2013-10-04 00:00:00 UTC
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Mid-Morning Market Update: Markets Rise; Comtech Posts Upbeat Results
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AAN
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-rise-comtech-posts-upbeat-results-2013-10-04
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nan
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nan
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Following the market opening Friday, the Dow traded up 0.20 percent to 15,026.53 while the NASDAQ gained 0.48 percent to 3,792.41. The S&P also rose, surging 0.29 percent to 1,683.57.
Top Headline Yesterday, Comtech Telecommunications (NASDAQ: CMTL ) reported upbeat fiscal fourth quarter results and issued a strong full-year outlook.
Comtech's quarterly earnings fell to $5.2 million, or $0.28 per share, from $7.9 million, or $0.38 per share, in the year-ago quarter. However, analysts were expecting earnings of $0.21 per share. Its revenue declined to $84.4 million from $112.8 million.
For its 2014 fiscal year, Comtech projects to earn $1.07 to $1.19 per share on revenue of $320 million to $340 million. Analysts estimated earnings of $1.04 per share.
Equities Trading UP Harte-Hanks (NYSE: HHS ) shot up 6.51 percent to $8.51 after BMO Capital upgraded the stock from Market Perform to Outperform.
Shares of Moneygram International (NYSE: MGI ) got a boost, shooting up 5.97 percent to $19.52 after analysts at Compass Point upgraded the stock from Neutral to Buy.
Facebook (NASDAQ: FB ) was also up, gaining 1.52 percent to $49.93. Facebook's Instagram reported that it will introduce advertisements in the coming months. Sterne Agee raised the price target on the stock from $50.00 to $58.00.
Equities Trading DOWN Shares of Aaron's (NYSE: AAN ) were down 4.12 percent to $26.52 after the company lowered its Q3 outlook.
Lannett Company (NYSE: LCI ) shares tumbled 11.04 percent to $18.62 after the company priced an underwritten public offering of 5,869,566 shares of common stock at a price of $18.00 per share.
CSX (NYSE: CSX ) was down, falling 2.02 percent to $25.16 after Citigroup downgraded downgraded the stock from Buy to Neutral.
Commodities In commodity news, oil traded up 0.70 percent to $104.02, while gold traded up 0.05 percent to $1,318.20.
Silver traded down 0.12 percent Friday to $21.76, while copper rose 1.30 percent to $3.31.
Eurozone European shares were higher today. The Spanish Ibex Index rose 0.87 percent, while Italy's FTSE MIB Index surged 1.38 percent. Meanwhile, the German DAX rose 0.03 percent and the French CAC 40 climbed 0.74 percent while U.K. shares gained 0.18 percent.
Economics On the economics calendar Friday, there is no important data due out.
(c) 2013 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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Equities Trading DOWN Shares of Aaron's (NYSE: AAN ) were down 4.12 percent to $26.52 after the company lowered its Q3 outlook. Top Headline Yesterday, Comtech Telecommunications (NASDAQ: CMTL ) reported upbeat fiscal fourth quarter results and issued a strong full-year outlook. Equities Trading UP Harte-Hanks (NYSE: HHS ) shot up 6.51 percent to $8.51 after BMO Capital upgraded the stock from Market Perform to Outperform.
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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. Equities Trading DOWN Shares of Aaron's (NYSE: AAN ) were down 4.12 percent to $26.52 after the company lowered its Q3 outlook. CSX (NYSE: CSX ) was down, falling 2.02 percent to $25.16 after Citigroup downgraded downgraded the stock from Buy to Neutral.
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Equities Trading DOWN Shares of Aaron's (NYSE: AAN ) were down 4.12 percent to $26.52 after the company lowered its Q3 outlook. Following the market opening Friday, the Dow traded up 0.20 percent to 15,026.53 while the NASDAQ gained 0.48 percent to 3,792.41. Lannett Company (NYSE: LCI ) shares tumbled 11.04 percent to $18.62 after the company priced an underwritten public offering of 5,869,566 shares of common stock at a price of $18.00 per share.
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Equities Trading DOWN Shares of Aaron's (NYSE: AAN ) were down 4.12 percent to $26.52 after the company lowered its Q3 outlook. Comtech's quarterly earnings fell to $5.2 million, or $0.28 per share, from $7.9 million, or $0.38 per share, in the year-ago quarter. Shares of Moneygram International (NYSE: MGI ) got a boost, shooting up 5.97 percent to $19.52 after analysts at Compass Point upgraded the stock from Neutral to Buy.
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edc38286-8c94-4281-b92d-2ff127c9ebde
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9475.0
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2013-09-30 00:00:00 UTC
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Rent-A-Center Opens New Store in Hawaii - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-opens-new-store-in-hawaii-analyst-blog-2013-09-30
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a store in Kihei, Hawaii. The company currently operates 13 locations in Hawaii.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals - Aaron's Inc. ( AAN ) and Advance America.
During the fiscal second-quarter 2013, the largest rent-to-own operator in the U.S, opened two stores at Core U.S. locations, acquired three stores, consolidated 14 stores with existing locations and closed two, bringing the total store count to 2,972. The company also opened 110 RAC Acceptance stores and consolidated 10 stores with existing locations, resulting in 1,153 stores.
Twenty international locations were opened during the quarter, bringing the store count to 148. ColorTyme, a wholly-owned subsidiary of Rent-A-Center, added two locations while closing five, bringing the total store count to 221.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter into new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #2 (Buy). Other stocks in the finance-leasing universe worth considering are MCG Capital Corp. ( MCGC ) and Marlin Business Services Corp. ( MRLN ). Both the stocks also carry a Zacks Rank #2.
AARONS INC (AAN): Free Stock Analysis Report
MCG CAPITAL (MCGC): Free Stock Analysis Report
MARLIN BUS SVCS (MRLN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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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The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals - Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ColorTyme, a wholly-owned subsidiary of Rent-A-Center, added two locations while closing five, bringing the total store count to 221.
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AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals - Aaron's Inc. ( AAN ) and Advance America. During the fiscal second-quarter 2013, the largest rent-to-own operator in the U.S, opened two stores at Core U.S. locations, acquired three stores, consolidated 14 stores with existing locations and closed two, bringing the total store count to 2,972.
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AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals - Aaron's Inc. ( AAN ) and Advance America. During the fiscal second-quarter 2013, the largest rent-to-own operator in the U.S, opened two stores at Core U.S. locations, acquired three stores, consolidated 14 stores with existing locations and closed two, bringing the total store count to 2,972.
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The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals - Aaron's Inc. ( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the fiscal second-quarter 2013, the largest rent-to-own operator in the U.S, opened two stores at Core U.S. locations, acquired three stores, consolidated 14 stores with existing locations and closed two, bringing the total store count to 2,972.
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97d9e63f-7ed6-4f52-b989-52c039d50f48
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9476.0
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2013-09-13 00:00:00 UTC
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Rent-A-Center Expands in Mass. - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-expands-in-mass.-analyst-blog-2013-09-13
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nan
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nan
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Rent-A-Center Inc . ( RCII ) announced the opening of a new store in Mattapan, Mass. The company conducts operations through 70 locations in Massachusetts.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the last concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972. The company also opened 110 RAC Acceptance stores and consolidated 10 stores with existing locations, resulting in 1,153 stores.
Twenty international locations were opened during the quarter, bringing the count to 148 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 2 new locations and closed 5 locations, with the total store count coming in at 221.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #3 (Hold). However, until any further upward revision in Rent-A-Center's Zacks Rank, other stocks in the finance-leasing universe worth considering are MCG Capital Corporation ( MCGC ) and Marlin Business Services Corp . ( MRLN ), both of which hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
MCG CAPITAL (MCGC): Free Stock Analysis Report
MARLIN BUS SVCS (MRLN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the last concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the last concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the last concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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bd1511ba-e3df-47f9-b3f2-3acc16b9c814
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9477.0
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2013-08-28 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for August 29, 2013
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-august-29-2013-2013-08-28
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 29, 2013. A cash dividend payment of $0.017 per share is scheduled to be paid on October 01, 2013. 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 $27.97, the dividend yield is .24%.
The previous trading day's last sale of AAN was $27.97, representing a -14.02% decrease from the 52 week high of $32.53 and a 13.65% increase over the 52 week low of $24.61.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). AAN's current earnings per share, an indicator of a company's profitability, is $1.87. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as 6.47%, compared to an industry average of 16.8%.
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:
Schwab U.S. Mid Cap ETF ( SCHM )
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 22.27% over the last 100 days. SCHM has the highest percent weighting of AAN at 8.62%.
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. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as 6.47%, compared to an industry average of 16.8%. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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AAN's current earnings per share, an indicator of a company's profitability, is $1.87. 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, 2013.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAN was $27.97, representing a -14.02% decrease from the 52 week high of $32.53 and a 13.65% increase over the 52 week low of $24.61. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on August 29, 2013. 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.
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57fe2985-f667-4db2-a33b-8d0be344a5e2
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9478.0
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2013-08-23 00:00:00 UTC
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Rent-A-Center Opens Two Stores - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-opens-two-stores-analyst-blog-2013-08-23
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store in Taylor, Texas and another store in Vancouver, Wash. The company conducts operations through 279 locations in Texas and 45 locations in Washington.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972. The company also opened 110 RAC Acceptance stores and consolidated 10 stores with existing locations, resulting in 1,153 stores.
Twenty international locations were opened during the quarter, bringing the count to 148 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 2 new locations and closed 5 locations, with the total store count coming in at 221.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #3 (Hold). However, until any further upward revision in Rent-A-Center's Zacks Rank, other stocks in the finance-leasing universe worth considering are MCG Capital Corporation ( MCGC ) and Marlin Business Services Corp. ( MRLN ), both of which hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
MCG CAPITAL (MCGC): Free Stock Analysis Report
MARLIN BUS SVCS (MRLN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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cf37997a-373e-4649-9e30-e288cc325f9f
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9479.0
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2013-08-02 00:00:00 UTC
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Another Rent-A-Center in NJ - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/another-rent-a-center-in-nj-analyst-blog-2013-08-02
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store in Dover, NJ. The company conducts operations through 46 locations in New Jersey.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972. The company also opened 110 RAC Acceptance stores and consolidated 10 stores with existing locations, resulting in 1,153 stores.
Twenty international locations were opened during the quarter, bringing the count to 148 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 2 new locations and closed 5 locations, with the total store count coming in at 221.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 365 domestic RAC Acceptance kiosk additions.
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #3 (Hold). However, until any further upward revision in Rent-A-Center's Zacks Rank, other stocks in the finance-leasing universe worth considering are MCG Capital Corp. ( MCGC ) and KCAP Financial, Inc . ( KCAP ), both of which hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
KCAP FINL INC (KCAP): Free Stock Analysis Report
MCG CAPITAL (MCGC): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report KCAP FINL INC (KCAP): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report KCAP FINL INC (KCAP): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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AARONS INC (AAN): Free Stock Analysis Report KCAP FINL INC (KCAP): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report KCAP FINL INC (KCAP): Free Stock Analysis Report MCG CAPITAL (MCGC): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 2 new Core U.S. locations, acquired 3 stores, consolidated 14 stores with existing locations and closed 2, bringing the total store count to 2,972.
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82ce7ec0-dd33-4f45-a15f-030f4c16c92d
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9480.0
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2013-07-25 00:00:00 UTC
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Aaron's Beats Earnings Guidance - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-beats-earnings-guidance-analyst-blog-2013-07-25
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nan
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nan
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported strong bottom-line results for the second quarter of 2013, which came ahead of its own guidance range. This Zacks Rank #3 (Hold) company's quarterly adjusted earnings of 50 cents per share were above its own guidance range of 45-49 cents. However, it was in line with the Zacks Consensus Estimate.
On a year-over-year basis, Aaron's adjusted earnings increased 6.4% from 47 cents posted in the year-ago quarter, primarily driven by improved top-line performance.
Further, on a reported basis, Aaron's earnings of 34 cents per share were down 27.7% from 47 cents reported in the comparable year-ago period.
Quarterly Details
On the back strong comparable-store sales (comps) growth, Aaron's top line increased 2.5% to $552.1 million from $538.6 million in the year-ago quarter. However, total revenue fell short of the company's earlier projection of $565.0 million as well as the Zacks Consensus Estimate of $570.0 million.
Comps at the company-owned stores increased 1.9% in the quarter, while stores open for over 2 years witnessed 0.6% rise in sales. The improved comps performance came on the back of 1.6% growth in customer traffic at the company-operated stores. Moreover, comps at the company's franchised stores registered a 1.7% increase attributable to a 3.3% rise in customer traffic.
Aaron's Sales & Lease Ownership division's revenues were recorded at $533.2 million, up 1.8% from the second quarter of 2012. The company's HomeSmart division reported revenues of $15.8 million, increasing 16% million from the year-ago comparable quarter.
At the quarter-end, the company's self-operated stores had 1,128,000 customers, while the franchisee customer count was 599,000. Total customer count increased 5.0% when compared with the same period last year.
Operating income came in at $41.1 million, down 30.7% from the year-ago quarter. Consequently, operating margin contracted 360 bps to 7.4%.
Financial Position
Cash and investments at Aaron's as of Jun 30, 2013 were $304.1 million and total shareholder equity was $1,215.5 million. The company generated nearly $116.0 million of cash flow from operating activities during the first six months of 2013.
At the quarter-end, the company had 4,044,655 shares remaining under its current authorization, as it did not repurchase any shares.
Store Update
During the reported quarter, Aaron's opened 5 new company-operated Sales & Lease Ownership stores, 12 new franchised stores and 2 RIMCO stores. The company also acquired 2 stores from its franchisees operators. Moreover, Aaron's closed 2 company-operated Sales & Lease Ownership stores and 2 franchised stores.
As of Jun 30, 2013, Aaron's had a total of 1,235 company-operated Sales & Lease Ownership stores, 756 franchised Sales & Lease Ownership stores, 78 HomeSmart stores, 1 franchised HomeSmart store, 22 company-operated RIMCO stores, and 6 franchised RIMCO stores. At the first quarter-end, the company operated a total number of 2,098 stores.
Management Guidance
Battered by lower-than-expected top-line results, Aaron's lowered its full-year 2013 revenue guidance to $2.30 billion from $2.35 billion forecasted earlier. Moreover, the company lowered its upper-end adjusted earnings guidance and now anticipates it in the range of $2.15-2.23 per share, compared with the earlier guidance of $2.15-2.27. Currently, the Zacks Consensus Estimate for 2013 is $2.20 per share, which may witness a correction in the coming days.
Further, management reiterates its new store growth target of about 4%-6% in 2013, with equal numbers of company-operated and franchised stores and a small rise in the number of HomeSmart stores. Going forward, Aaron's will be focused on its strategy of acquiring franchised stores or selling underperforming company-operated stores.
Further, Aaron's expects to report total revenue of about $550.0 million in the third quarter of 2013. Earnings per share will likely be 48-52 cents, compared with adjusted earnings of 46 cents in the comparable prior-year period. Currently, the Zacks Consensus Estimate is 51 cents per share, which could witness a revision in the future following the company's guidance.
Our View
Aaron's leverages an extensive network of stores to effectively penetrate into its target markets, which in turn, facilitates the company to generate healthy sales and gain a competitive edge. Notably, its peers include Rent-A-Center, Inc . ( RCII ) and Advance America.
Other well performing stocks in the retail consumer electronic universe include Conns Inc . ( CONN ) and hhgregg Inc . ( HGG ). While Conns carries a Zacks Rank #1 (Strong Buy), hhgregg has a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported strong bottom-line results for the second quarter of 2013, which came ahead of its own guidance range. AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. On a year-over-year basis, Aaron's adjusted earnings increased 6.4% from 47 cents posted in the year-ago quarter, primarily driven by improved top-line performance.
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AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported strong bottom-line results for the second quarter of 2013, which came ahead of its own guidance range. Store Update During the reported quarter, Aaron's opened 5 new company-operated Sales & Lease Ownership stores, 12 new franchised stores and 2 RIMCO stores.
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AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported strong bottom-line results for the second quarter of 2013, which came ahead of its own guidance range. Store Update During the reported quarter, Aaron's opened 5 new company-operated Sales & Lease Ownership stores, 12 new franchised stores and 2 RIMCO stores.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported strong bottom-line results for the second quarter of 2013, which came ahead of its own guidance range. AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. However, total revenue fell short of the company's earlier projection of $565.0 million as well as the Zacks Consensus Estimate of $570.0 million.
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94286cfc-c7f4-499a-bdbe-c1fe53ad3e02
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9481.0
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2013-06-12 00:00:00 UTC
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Rent-A-Center Hits 52-week High - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-hits-52-week-high-analyst-blog-2013-06-12
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nan
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nan
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Shares of Rent-A-Center Inc. ( RCII ) hit a new 52-week high of $38.50 on Tuesday, Jun 11, driven by the company's recent announcements of debt issuance and enhanced share repurchase authorization. The stock eventually closed at $38.33, representing a year-to-date return of approximately 9.2%. Average volume of shares traded over the last 3 months stands at approximately 561K.
A consistent track record of returning cash to its shareholders in the form of share repurchase and dividend payment as well as a healthy balance sheet have enabled the shares of Rent-A-Center to touch the new high.
Following the disappointing first-quarter results in April, the company made the right move to win investor confidence by expanding its current share repurchases authorization to $1.25 billion from $1 billion. Since the inception of the share buyback program, the company has repurchased 31,585,314 shares for approximately $794.8 million. Moreover, it bought back 465,035 shares for approximately $17.4 million during the last reported quarter.
In another move, in May, the company priced a new $250 million senior unsecured notes offering, with an interest rate of 4.75% per annum and maturity due in 2021. The company expects to use a portion of the funds from the offering to repay its loans under its revolving credit facility worth $46 million. The remainder of the proceeds will be directed toward enhancing shareholder value by buying back shares and for general development of its business.
Apart from the above mentioned activities, the company regularly indulges in rewarding shareholders with quarterly dividend payments. Since the inception of its dividend program, the company has raised its dividend rate from the initial 6 cents per share to the current 21 cents per share, the last upside being announced in Dec 2012. This brings the company's annual dividend rate to 84 cents per share, with the payout ratio currently standing at 23.0%.
Alongside its well recognized shareholder-friendly moves, we favor the company's extensive network of more than 4,000 stores, which makes it the largest rent-to-own operator in the U.S. The sheer geographic reach enables the company to effectively penetrate its target markets and gain a competitive advantage over its competitors, such as Aaron's Inc. ( AAN ), and Advance America.
Moreover, we believe that the company is gaining traction with its new business model called RAC Acceptance as it enhances consumers' shopping experience. Revenue from the RAC Acceptance business surged 45% during the first quarter of 2013. We also appreciate the company's efforts to optimize rental merchandise levels in accordance with sales trends, through the implementation of a centralized inventory management system including automated merchandise replenishment.
Simultaneously, companies such as Staples Inc. ( SPLS ) and V.F. Corporation ( VFC ) achieved new 52-week highs of $15.79 and $189.64, respectively, on Tuesday, Jun 11.
AARONS INC (AAN): Free Stock Analysis Report
RENT-A-CENTER (RCII): Free Stock Analysis Report
STAPLES INC (SPLS): Free Stock Analysis Report
V F CORP (VFC): 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 sheer geographic reach enables the company to effectively penetrate its target markets and gain a competitive advantage over its competitors, such as Aaron's Inc. ( AAN ), and Advance America. AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. In another move, in May, the company priced a new $250 million senior unsecured notes offering, with an interest rate of 4.75% per annum and maturity due in 2021.
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AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. The sheer geographic reach enables the company to effectively penetrate its target markets and gain a competitive advantage over its competitors, such as Aaron's Inc. ( AAN ), and Advance America. Since the inception of the share buyback program, the company has repurchased 31,585,314 shares for approximately $794.8 million.
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AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. The sheer geographic reach enables the company to effectively penetrate its target markets and gain a competitive advantage over its competitors, such as Aaron's Inc. ( AAN ), and Advance America. Shares of Rent-A-Center Inc. ( RCII ) hit a new 52-week high of $38.50 on Tuesday, Jun 11, driven by the company's recent announcements of debt issuance and enhanced share repurchase authorization.
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AARONS INC (AAN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report V F CORP (VFC): Free Stock Analysis Report To read this article on Zacks.com click here. The sheer geographic reach enables the company to effectively penetrate its target markets and gain a competitive advantage over its competitors, such as Aaron's Inc. ( AAN ), and Advance America. Shares of Rent-A-Center Inc. ( RCII ) hit a new 52-week high of $38.50 on Tuesday, Jun 11, driven by the company's recent announcements of debt issuance and enhanced share repurchase authorization.
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ca4c1d50-423f-4616-9e41-0d5906c53179
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9482.0
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2013-06-12 00:00:00 UTC
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High- And Low-Quality Stocks Beat The S&P 500
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AAN
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https://www.nasdaq.com/articles/high-and-low-quality-stocks-beat-sp-500-2013-06-12
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nan
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nan
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By Richard Shaw ( QVM Group ):
High-quality and low-quality stock performance rotate in the short term, and they both beat the S&P 500. Higher quality stocks have better risk adjusted returns, higher yields and better dividend growth. High quality stocks generally do better in down markets or periods of uncertainty or pessimism. Low quality stocks generally do better in up markets or periods of greater clarity or optimism.
Standard & Poor's said this in their July 2010 report, "Is High Quality Always Better?", which studied the high and low quality sub-indexes of the S&P 500 index:
The high quality sub-index includes those stocks ranked A+, A and A-. The low quality sub-index included those stocks ranked B, B-, C. Stocks ranked average at B+ and those ranked D or in liquidation are in neither sub-index. The sub-indexes are quality ranked - the higher quality stocks are more heavily weighted in the high quality sub-index, and the lower quality stocks are more heavily weighted in the low quality sub-index.
Down and Up Stock Market: In their study of the relative performance of high and low quality from May 31, 1997 through May 31, 2010, they found that in down quarters, the total return of the high quality sub-index exceeded that of the low quality sub-index by 1.22%, but in up market quarters the higher quality sub-index underperformed by 0.75%.
Widening and Narrowing Credit Spread: During that period, they found that in quarters where the rate spread between the US aggregate corporate investment grade index and the US 10-year Treasuries is widening, high quality outperformed by 1.59%, and when the spread was narrowing, high quality underperformed by 0.42%.
Rising and Declining Volatility: They found that in quarter with rising volatility as measured by the CBOE VIX, high quality outperformed by 2.23%, and when the VIX declined, high quality underperformed by 0.86%.
Steepening and Flattening Yield Curve: They defined the yield curve in terms of the rate spread between the 2-year and 20-year US Treasury rate; and defined steepening as an increase of 50 basis points or more, and flattening as a decrease of 50 basis points or more. They found that in steepening quarters high yield outperformed by 1.62%, and in flattening it underperformed by 0.15%
Cumulative Total Return Differences: The surprising data about the quality indexes, is that both the high quality and low quality sub-indexes outperformed the complete S&P 500 index. This chart and table from the Fact Sheet on their website for the high quality sub-index shows that.
(click to enlarge)
Over the 10 years from 2000 to 2010, the low quality sub-index just barely squeaked out a win over high quality, but low quality was behind more than 1/2 the time. Low quality had a higher volatility, but a somewhat better risk/reward as measured by the Sharpe Ratio.
Price Return Differences Since 2010:
We did our own measure of the price return difference since 04/19/2010 (first data where all data available to us) through 06/11/2013.
Again both high and low quality outperformed the total S&P 500 index, but in this period high quality slightly outperformed low quality.
Specifically, the ending prices were higher than the beginning prices as follows:
High quality (.SPXQRUP) +45.08%
Low quality (.SPXQRLUP) + 42.12%
Total S&P 500 (.SPX) +35.91%
The symbols shown are the Reuters symbols for the indexes.
Recent Relative Performance:
This chart using the Reuters symbols shows the relative performance of the prices of the high and low quality indexes since early 2010. The data is normalized to the beginning set at zero.
The chart shows the ratio of the high quality price divided by the low quality price on a day-by-day basis from 04/19/2010 to 06/11/2013.
(click to enlarge)
You can see the rapid improvement in high quality in the second half of 2011 when there was lots of panic over Europe; and you can see the decline in high quality relative performance in the second half of 2012 into 2013 as the overall stock market has been rising.
This chart for the same time period, shows the price of the high quality index divided by the price of the full S&P 500 index.
(click to enlarge)
Consistent with data from Standard and Poor's for the 2000 to 2010 period, high quality outperformed the full S&P 500 index.
Not shown, but clear from the tabular and chart data above, low quality also outperformed the full S&P 500 index.
A Granular View By Quality Rank:
We examined the price performance, standard deviation, Beta, yield and dividend growth rate for 3,116 stocks rated for quality by Standard and Poor's, that also had at least 3 years of data available. Let's look at that data which goes well beyond the S&P 500 universe.
The S&P indexes are weighted according to quality. Our study below treats each stock equally.
Number of Stocks By Quality Rank:
There are a lot more low quality than high quality stocks. Less than 10% are high quality. Standard and Poor's ranks more stocks than that, but not all had sufficient data in our source to be included here.
Short-Term Price Return By Quality Rank:
3-Year Volatility and Risk Reward:
The risk adjusted price return, as measured by 3-year annualized price rate of change divided by 3-year annualized standard deviation, is uniformly better the higher the quality. The same is true when price return is adjusted by the Beta with the exception of the "C" rated stocks - but you have to be a big speculator to go to "C" rated stocks to seek opportunity, and can expect a very exciting volatility ride.
Yield and Dividend Growth:
(click to enlarge)
The 1-year buyback yield (based on change in shares outstanding) is definitively higher for high quality stocks, and definitively negative for low quality stocks. The dividend yield is higher among the high quality stocks than the low quality stocks; and the sum of the dividend yield and buyback yield of the high quality stocks is better than the low quality stocks.
The average and upper-end low quality stocks had the highest 1-year dividend growth rate - probably a sign of an improving economy and increase management optimism allowing stocks with below average yields to play some catch-up. Otherwise the higher the quality the higher the 3-year, 5-year and 7-year dividend growth rate.
The 43 Stocks In The A+ Category In Our Study:
The 94 Stocks In The A Category In Our Study:
Brown-Forman, HEICO, Hubell and John Wiley are also rated "A", but were not included in the study because we forgot to change the symbol from X-A or X-B to X/A or X/B as we moved between data bases. We do not believe the results are materially impacted by their omission.
T he Bottom Line:
The data is clear - high quality is more desirable than the full S&P 500 index. High quality is more desirable than low quality if volatility, yield and yield growth are an issue.
There is no low quality S&P 500 fund that we are aware of, and it wouldn't interest us if there was one.
There is a high quality S&P 500 fund (SPHQ) and it does interest us; however it has low volume (13,000 shares by mid-day today), while the S&P 500 ETF (SPY) has massive volume (77 million shares by mid-day today). Liquidity for many to most accounts makes any wholesale shift to SPHQ impractical. However, making sure that individual stocks are in the higher quality ranks is possible, and is a focus item for us
Given that the US economy is strong and the rest of the world is comparatively weak, high quality stocks with big international exposures [such as Caterpillar ] are not as attractive short-term, but are probably more attractive long-term as they capture revenue in developing economies, and their prices recover. A balance of each is probably a good idea now, depending on the time-frame and withdrawal needs of individual accounts.
Disclosure: QVM has positions in [[SPY]] and several of the stocks mentioned in this article as of the creation date of this article (June 12, 2013). We certify that except as cited herein, this is our work product. We received no compensation or other inducement from any party to produce this article, and are not compensated by Seeking Alpha in any way relating to this article.
General Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice. You are responsible for your own investment decisions. This article is presented subject to our full disclaimer found on the QVM site available here .
See also Blyth Inc. Is NYSE's Most Hated Stock: Should It Be Your Most Loved? on seekingalpha.com
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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By Richard Shaw ( QVM Group ): High-quality and low-quality stock performance rotate in the short term, and they both beat the S&P 500. (click to enlarge) Consistent with data from Standard and Poor's for the 2000 to 2010 period, high quality outperformed the full S&P 500 index. However, making sure that individual stocks are in the higher quality ranks is possible, and is a focus item for us Given that the US economy is strong and the rest of the world is comparatively weak, high quality stocks with big international exposures [such as Caterpillar ] are not as attractive short-term, but are probably more attractive long-term as they capture revenue in developing economies, and their prices recover.
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A Granular View By Quality Rank: We examined the price performance, standard deviation, Beta, yield and dividend growth rate for 3,116 stocks rated for quality by Standard and Poor's, that also had at least 3 years of data available. Short-Term Price Return By Quality Rank: 3-Year Volatility and Risk Reward: The risk adjusted price return, as measured by 3-year annualized price rate of change divided by 3-year annualized standard deviation, is uniformly better the higher the quality. Yield and Dividend Growth: (click to enlarge) The 1-year buyback yield (based on change in shares outstanding) is definitively higher for high quality stocks, and definitively negative for low quality stocks.
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The sub-indexes are quality ranked - the higher quality stocks are more heavily weighted in the high quality sub-index, and the lower quality stocks are more heavily weighted in the low quality sub-index. Down and Up Stock Market: In their study of the relative performance of high and low quality from May 31, 1997 through May 31, 2010, they found that in down quarters, the total return of the high quality sub-index exceeded that of the low quality sub-index by 1.22%, but in up market quarters the higher quality sub-index underperformed by 0.75%. The dividend yield is higher among the high quality stocks than the low quality stocks; and the sum of the dividend yield and buyback yield of the high quality stocks is better than the low quality stocks.
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Down and Up Stock Market: In their study of the relative performance of high and low quality from May 31, 1997 through May 31, 2010, they found that in down quarters, the total return of the high quality sub-index exceeded that of the low quality sub-index by 1.22%, but in up market quarters the higher quality sub-index underperformed by 0.75%. A Granular View By Quality Rank: We examined the price performance, standard deviation, Beta, yield and dividend growth rate for 3,116 stocks rated for quality by Standard and Poor's, that also had at least 3 years of data available. General Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose.
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17ca62df-9dee-4547-b4cc-23ab7bb5f0d0
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9483.0
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2013-06-03 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for June 04, 2013
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-june-04-2013-2013-06-03
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 04, 2013. A cash dividend payment of $0.017 per share is scheduled to be paid on July 05, 2013. Shareholders who purchased AAN stock 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 $28.09, the dividend yield is .24%.
The previous trading day's last sale of AAN was $28.09, representing a -13.65% decrease from the 52 week high of $32.53 and a 14.14% increase over the 52 week low of $24.61.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). AAN's current earnings per share, an indicator of a company's profitability, is $2. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as 7.9%, compared to an industry average of -2.7%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
Interested in gaining exposure to AAN through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAN as a top-10 holding:
PowerShares Dynamic Retail ( PMR )
First Trust Cons. Discret. AlphaDEX ( FXD )
First Trust Mid Cap Value AlphaDEX Fund ( FNK )
QuantShares U.S. Market Neutral Value Fund ETF ( CHEP )
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 50.01% over the last 100 days. PMR has the highest percent weighting of AAN at 2.75%.
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. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as 7.9%, compared to an industry average of -2.7%. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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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 June 04, 2013. 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. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 04, 2013.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. AAN's current earnings per share, an indicator of a company's profitability, is $2. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on June 04, 2013.
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996170ec-5f9f-4b4e-b3f4-ccbabc9b5c49
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9484.0
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2013-04-29 00:00:00 UTC
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Aaron's Earnings Miss Est., Lowers View - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-earnings-miss-est.-lowers-view-analyst-blog-2013-04-29
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nan
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nan
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported lower-than-expected financial results for the first quarter of 2013. This Zacks Rank #4 (Sell) company's quarterly earnings of 67 cents per share were below its own guidance range of 70-74 cents as well as the Zacks Consensus Estimate of 71 cents.
However, on a year-over-year basis, Aaron's earnings increased 4.7% to 67 cents per share from adjusted earnings of 64 cents posted in the year-ago quarter, primarily driven by improved top-line performance.
Further, on a reported basis, Aaron's earnings of 67 cents per share were down 27.2% from 92 cents reported in the comparable year-ago period. The first quarter of 2011 included an income of $35.5 million or 28 cents per share related to a lawsuit settlement.
Quarterly Details
On the back strong comparable-store sales (comps) growth, Aaron's top line nudged up 1.6% to $595.1 million from $586.0 million in the year-ago quarter, marking the highest-ever first-quarter revenues for the company. However, total revenue fell short of the company's earlier projection of $630.0 million as well as the Zacks Consensus Estimate of $631.0 million.
Comps at the company-owned stores increased 3.4% in the quarter, while stores open for over 2 years witnessed a rise of 1.8%. The improved comps performance came on the back of 4.1% growth in customer traffic at the company-operated stores. Moreover, comps at the company's franchised stores registered a 2.6% increase attributable to a 6.6% rise in customer traffic.
Aaron's Sales & Lease Ownership division's revenues were recorded at $575.3 million, up 0.8% from the first quarter of 2012. The company's HomeSmart division reported revenues of $16.9 million, increasing $4.4 million from the year-ago quarter.
The company's self-operated stores ended the first quarter with 1,108,000 customers, while its franchisee customer count came in at 592,000. Total customer count increased 6.0% compared with the same period last year.
Gross profit increased 6.5% to $504.0 million from $473.4 million in the year-ago quarter primarily due to lower cost of goods sold. Consequently, gross profit margin improved 390 basis points (bps) to 84.7% from 80.8% in the first quarter of 2012.
Operating income (excluding reversal of accrued lawsuit expenses and depreciation) came at $250.0 million, up 4.8% from $238.5 million in the year-ago quarter. Consequently, operating margin expanded 130 bps to 42.0%.
Financial Position
Cash and investments at Aaron's as of Mar 31, 2013 were $210.0 million and total shareholder equity was $1,188.9 million. The company generated nearly $103.0 million of cash flow from operating activities.
At the end of first quarter, the company still has 4,044,655 shares remaining under its current authorization, as it did not repurchase any shares.
Store Update
During the first quarter, Aaron's opened 4 new company-operated Sales & Lease Ownership stores, 7 new franchised stores and 1 RIMCO store. The company also acquired 1 store from its franchisees operators. Moreover, Aaron's closed 2 company-operated Sales & Lease Ownership stores.
As of Mar 31, 2013, Aaron's had a total of 1,230 company-operated Sales & Lease Ownership stores, 748 franchised Sales & Lease Ownership stores, 78 HomeSmart stores, 1 franchised HomeSmart store, 20 company-operated RIMCO stores, and 6 franchised RIMCO stores. At the end of first quarter, the number of stores opened stood at 2,083.
Management Guidance
Battered by lower-than-expected quarterly results, Aaron's lowered its full-year 2013 revenue guidance to $2.35 billion from $2.40 billion expected earlier. Moreover, the company now anticipates earnings per share in the range of $2.11-2.23 per share, down from the previously announced guidance of $2.25-2.41. Currently, the Zacks Consensus Estimate stands at $2.31 per share, which could witness a revision in the future following the company's revised guidance.
In 2013, management targets new store growth of about 4%-6% over 2012, with equal numbers of company-operated and franchised stores and a small rise in the number of HomeSmart stores. Going forward, Aaron's will also be focused on its strategy of acquiring franchised stores or selling underperforming company-operated stores.
Further, Aaron's expects to report total revenue of about $565.0 million in the second quarter of 2013. Earnings per share are anticipated to be 45- 49 cents compared with adjusted earnings of 47 cents in the comparable prior-year period. Currently, the Zacks Consensus Estimate stands at 55 cents per share, which could witness a revision in the future following the company's guidance.
Our View
Aaron's leverages an extensive network of stores to effectively penetrate into its target markets, which in turn, facilitates the company to generate healthy sales and gain a competitive advantage over its rivals, Rent-A-Center, Inc . ( RCII ) and Advance America.
Other well performing stocks in the retail consumer electronic universe are Conns Inc . ( CONN ) and hhgregg Inc . ( HGG ). Conns currently holds a Zacks Rank #1 (Strong Buy) while hhgregg carries a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 ) reported lower-than-expected financial results for the first quarter of 2013. AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the Zacks Consensus Estimate stands at 55 cents per share, which could witness a revision in the future following the company's guidance.
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AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported lower-than-expected financial results for the first quarter of 2013. Store Update During the first quarter, Aaron's opened 4 new company-operated Sales & Lease Ownership stores, 7 new franchised stores and 1 RIMCO store.
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AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported lower-than-expected financial results for the first quarter of 2013. Store Update During the first quarter, Aaron's opened 4 new company-operated Sales & Lease Ownership stores, 7 new franchised stores and 1 RIMCO store.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported lower-than-expected financial results for the first quarter of 2013. AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The improved comps performance came on the back of 4.1% growth in customer traffic at the company-operated stores.
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8c4c1240-85d7-4c9a-8c8a-5a312c4077bb
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9485.0
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2013-04-09 00:00:00 UTC
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Bearish View on Rent-A-Center - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/bearish-view-on-rent-a-center-analyst-blog-2013-04-09
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nan
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nan
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On Apr 8, we downgraded our recommendation on Rent-A-Center, Inc. ( RCII ), one of the largest rent-to-own operators in the U.S. to Underperform based on the company's dismal fourth-quarter 2012 results. The stock currently carries a Zacks Rank #4 (Sell).
Why the Downgrade?
Estimates for Rent-A-Center have shown a downtrend since the company reported its fourth quarter results on Jan 28. The company's quarterly earnings of 81 cents a share missed the Zacks Consensus Estimate by a couple of cents, and dropped 4.7% from 85 cents earned in the prior-year quarter.
Although total revenue rose 2.8% to $758.4 million, it fell short of the Zacks Consensus Estimate of $781 million. Comparable-store sales for the quarter fell 0.2%.
Consequently, management projected a 4% decline in the Core U.S. segment during the first quarter of 2013. Comparable-store sales are forecasted to drop 2% in the quarter. The Zacks Consensus Estimate for 2013 and 2014 decreased by 6% and 6.1% to $3.28 and $3.72, respectively in the last 90 days.
Cause for Concern
The sluggish recovery and a fragile job market are making customers reluctant to enter new rental-purchase deals. We also observe that higher cost of revenue kept the gross margin under pressure. Gross margin shrunk 60 basis points to 69.5% during the fourth quarter of 2012.
Rent-A-Center, which competes with Aaron's Inc. ( AAN ), forecasted a 50 basis points contraction in gross profit margin for 2013. A 4.3% rise in salaries and other expenses impacted the operating profit. Operating profit fell 4.7% to $79.3 million, whereas operating profit margin contracted 80 basis points to 10.5%.
Other Stocks That Warrant a Look
While we prefer to avoid Rent-A-Center until we see signs of improvement in the company's performance, other stocks worth considering in the finance-leasing industry are AeroCentury Corp. ( ACY ), which carries a Zacks Rank #1 (Strong Buy) and Electro Rent Corp ( ELRC ), which holds a Zacks Rank #3 (Hold).
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Get Free Report
ELECTRO-RENT (ELRC): Get Free Report
RENT-A-CENTER (RCII): 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-A-Center, which competes with Aaron's Inc. ( AAN ), forecasted a 50 basis points contraction in gross profit margin for 2013. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 8, we downgraded our recommendation on Rent-A-Center, Inc. ( RCII ), one of the largest rent-to-own operators in the U.S. to Underperform based on the company's dismal fourth-quarter 2012 results.
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Rent-A-Center, which competes with Aaron's Inc. ( AAN ), forecasted a 50 basis points contraction in gross profit margin for 2013. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Operating profit fell 4.7% to $79.3 million, whereas operating profit margin contracted 80 basis points to 10.5%.
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AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center, which competes with Aaron's Inc. ( AAN ), forecasted a 50 basis points contraction in gross profit margin for 2013. The company's quarterly earnings of 81 cents a share missed the Zacks Consensus Estimate by a couple of cents, and dropped 4.7% from 85 cents earned in the prior-year quarter.
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Rent-A-Center, which competes with Aaron's Inc. ( AAN ), forecasted a 50 basis points contraction in gross profit margin for 2013. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Although total revenue rose 2.8% to $758.4 million, it fell short of the Zacks Consensus Estimate of $781 million.
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89b58e1a-a033-424a-990c-1f1f89afc3c7
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9486.0
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2013-04-02 00:00:00 UTC
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Aaron's to Create New Jobs in 2013 - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-to-create-new-jobs-in-2013-analyst-blog-2013-04-02
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nan
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nan
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Based on its solid store expansion plans, leading rent-to-own operator, Aaron's Inc. ( AAN ), reported that it has generated nearly 950 new jobs across the United States and Canada in 2012. At its 2013 National Managers Meeting held in Nashville, last week, the company proposed a similar growth strategy for 2013.
Looking into 2013, the company expects its employee base to expand in sync with its aggressive store expansion plan announced earlier. The company targets to employ about 750 new people in 2013 to fill in vacancies at its targeted 125 new stores to be opened across the United States and Canada this year.
In 2013, management aims at 4%-6% rise in new store openings over 2012, with equal number of company-operated and franchised stores and a small rise in the number of HomeSmart stores. Going forward, the company will remain focused on its strategy of acquiring franchised stores or selling underperforming company-operated stores.
Aaron's has been progressing well on its store expansion strategy as evident from its mid-March announcement of opening 32 new company-operated and franchised stores in 17 different states of the U.S. and 2 Canadian provinces over a span of 3 months.
Earlier, in Sep 2012, Aaron's opened its 2,000th store in Bronx, N.Y., marking a strong fiscal 2012 for the company. During fiscal 2012, it expanded its store count by 6.6%.
Aaron's is a rent-to-own operator in the United States, and has a low price provider strategy. The company is involved in rental and specialty retailing of consumer electronics, residential and office furniture, household appliances, and accessories. Currently, Aaron's has a customer base of over 1.7 million throughout the U.S. and Canada.
Moreover, Aaron's leverages an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates the company to generate healthy sales and gain a competitive advantage over its rivals. The company currently operates over 2,075 company-operated and franchised stores across Canada and 48 states of the U.S.
The company's peer, Rent-A-Center Inc. ( RCII ) also follows a similar strategy of expanding its store network to boost its top line. For 2013, Rent-A-Center's management plans to open approximately 60 rent-to-own locations in Mexico. Furthermore, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Despite these encouraging expansion prospects, currently, shares of Aaron's hold a Zacks Rank #3 (Hold).
However, until any further upward revision in Aaron's rank, other stocks in the finance-leasing universe worth considering are AeroCentury Corp. ( ACY ) and CorEnergy Infrastructure Trust ( CORR ), which hold a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively.
AARONS INC (AAN): Free Stock Analysis Report
AEROCENTURY CP (ACY): Get Free Report
CORENERGY INFRA (CORR): ETF Research Reports
RENT-A-CENTER (RCII): 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.
|
Based on its solid store expansion plans, leading rent-to-own operator, Aaron's Inc. ( AAN ), reported that it has generated nearly 950 new jobs across the United States and Canada in 2012. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report CORENERGY INFRA (CORR): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The company is involved in rental and specialty retailing of consumer electronics, residential and office furniture, household appliances, and accessories.
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Based on its solid store expansion plans, leading rent-to-own operator, Aaron's Inc. ( AAN ), reported that it has generated nearly 950 new jobs across the United States and Canada in 2012. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report CORENERGY INFRA (CORR): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. However, until any further upward revision in Aaron's rank, other stocks in the finance-leasing universe worth considering are AeroCentury Corp. ( ACY ) and CorEnergy Infrastructure Trust ( CORR ), which hold a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively.
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Based on its solid store expansion plans, leading rent-to-own operator, Aaron's Inc. ( AAN ), reported that it has generated nearly 950 new jobs across the United States and Canada in 2012. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report CORENERGY INFRA (CORR): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. In 2013, management aims at 4%-6% rise in new store openings over 2012, with equal number of company-operated and franchised stores and a small rise in the number of HomeSmart stores.
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Based on its solid store expansion plans, leading rent-to-own operator, Aaron's Inc. ( AAN ), reported that it has generated nearly 950 new jobs across the United States and Canada in 2012. AARONS INC (AAN): Free Stock Analysis Report AEROCENTURY CP (ACY): Get Free Report CORENERGY INFRA (CORR): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Looking into 2013, the company expects its employee base to expand in sync with its aggressive store expansion plan announced earlier.
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8aff4969-3c9c-4816-a1af-0f786eee176a
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9487.0
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2013-03-21 00:00:00 UTC
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U.S. Markets Battle Morning Downdraft; Oracle Shares Under Pressure
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AAN
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https://www.nasdaq.com/articles/us-markets-battle-morning-downdraft-oracle-shares-under-pressure-2013-03-21
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nan
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nan
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U.S. stocks woke up on the wrong side of the bed Thursday as ongoing uncertainty over the Cyprus bailout situation had market participants hitting the sell button out of the gate. As morning trading has progressed, however, mixed readings on jobs, home sales and the Flash PMI have been enough to stimulate some moderate buying interest, with the big three U.S. equity averages paring their morning losses.
U.S. jobless claims were released at 8:30 a.m. ET, but provided little influence on downward market momentum. Jobless claims for the week ended March 16th rose by 2,000 to a seasonally adjusted 336,000, a slightly better reading than the 340,000 claims economists polled by MarketWatch had forecast. Meanwhile the average number of new claims over the past month declined by 7,500 to 339,750.
After the opening bell, February existing home sales came in at 4.98 million, the highest number since 2009, vs. the consensus expectation of 5.01 million, while the January FHFA Price Index rose 0.6%, vs. an estimated 0.7%. Neither number had much of an impact on the market following their release, nor did the February leading indicator figure of 94.8, up 0.5% vs. the forecast of 0.4%.
Equally benign was the March Philly Fed business outlook figure which weighed in at up 2.0, better than an expected decline of 2.0, and well above last month's -12.5 reading. The U.S. March Flash PMI manufacturing figure was virtually in-line at 54.9, compared to the 55 consensus.
Overseas, Cyprus remained cause for concern. Earlier, The European Central Bank said it would suspend aid for the country's banks if it does not come up with a bailout deal by next week. As a result, European bourses were trading lower across the board. Asian markets, however, were holding up well, trading mixed to higher.
In individualstock newsof notes, shares of Oracle ( ORCL ) were under pressure, down 8.8% at $32.60, following the company's Wednesday after-hours earnings release. Oracle reported Q3 earnings of $0.65 per share, below the Capital IQ consensus of $0.66. Revenues were $9 bln, also missing the analyst estimate of $9.37 bln.
Overall, commodity prices were mixed, with oil down $0.71, at $92.79 a barrel. Natural gas continued its assault on the $4 mark, up $0.016 to $3.976 per million BTUs.
Gold futures were up to $6.70 $1614.20 per ounce, while silver was up $0.388, to $29.205 per ounce. Copper was down $0.008 to $3.4385.
Here's where the markets stood at mid-day:
NYSE Composite down 22.44 (-0.25%) to 9,058.65
Dow Jones Industrial Average down 35.43 (-0.24%) to 14,476.30
S&P 500 down 4.71 (-0.30%) to 1,554
Nasdaq Composite Index down 19.86 (-0.61%) to 3,234.33
GLOBAL SENTIMENT
Nikkei 225 Index up 1.35%
Hang Seng Index down 0.14%
Shanghai China Composite Index up 0.29%
FTSE 100 Index down 0.80%
DAX down 1.02%
CAC 40 down 1.66%
NYSE SECTOR INDICES
NYSE Energy Sector Index (^NYE) down 2.35 (-0.02%) at 13,176.72
NYSE Financial Sector Index (^NYK) down 14.64 (-0.27%) to 5,500.15
NYSE Healthcare Sector Index (^NYP) down 17.90 (-0.20%) to 8,707.84
UPSIDE MOVERS:
(+) ACAD (+29%) Shares hit new year highs after the biopharmaceutical company presented results from its pivotal Phase III -020 Study with pimavanserin in patients with Parkinson's disease psychosis at the Emerging Science session of the 65th American Academy of Neurology ( AAN ) Annual Meeting.
(+) MLHR (+8.4%) Shares rise to new 52-week highs after the interior furnishings company reported late Wednesday Q3 sales of $423.5 mln, vs. the analyst consensus of $437.6 mln on Capital IQ. Adjusted EPS was $0.32, vs. estimates of $0.28 per share.
(+) GEVO (+8.5%) Stock jumps after the company confirmed yesterday's chatter that the U.S. District Court in Wilmington, Delaware ruled that the company did not infringe on a Butamax Advanced Biofuels LLC patent for a method to commercially produce isobutanol.
DOWNSIDE MOVERS:
(-) SCHL (-14.5%) Shares slide after the company reported a Q3 loss of $0.63 per share, which includes one time items and may not be comparable to the Capital IQ consensus of $0.39 loss per share. Revenues were $380.5 mln, versus the analyst estimate of $384.20 mln.
(-) CIMT (-13.7%) Shares are under pressure after the company was informed, last week, of a case of progressive multifocal leukoencephalopathy in a 75 year old male patient from the UK with myelofibrosis treated with the company's ruxolitinib.
(-) JBL (-5%) Selling takes hold after company reported late Wednesday that Q2 core EPS was $0.53, vs. the analyst consensus of $0.54 per share on Capital IQ. Revenue was $4.4 bln, vs. expectations of $4.38 bln.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
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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(+) ACAD (+29%) Shares hit new year highs after the biopharmaceutical company presented results from its pivotal Phase III -020 Study with pimavanserin in patients with Parkinson's disease psychosis at the Emerging Science session of the 65th American Academy of Neurology ( AAN ) Annual Meeting. U.S. stocks woke up on the wrong side of the bed Thursday as ongoing uncertainty over the Cyprus bailout situation had market participants hitting the sell button out of the gate. (-) JBL (-5%) Selling takes hold after company reported late Wednesday that Q2 core EPS was $0.53, vs. the analyst consensus of $0.54 per share on Capital IQ.
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(+) ACAD (+29%) Shares hit new year highs after the biopharmaceutical company presented results from its pivotal Phase III -020 Study with pimavanserin in patients with Parkinson's disease psychosis at the Emerging Science session of the 65th American Academy of Neurology ( AAN ) Annual Meeting. As morning trading has progressed, however, mixed readings on jobs, home sales and the Flash PMI have been enough to stimulate some moderate buying interest, with the big three U.S. equity averages paring their morning losses. (+) MLHR (+8.4%) Shares rise to new 52-week highs after the interior furnishings company reported late Wednesday Q3 sales of $423.5 mln, vs. the analyst consensus of $437.6 mln on Capital IQ.
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(+) ACAD (+29%) Shares hit new year highs after the biopharmaceutical company presented results from its pivotal Phase III -020 Study with pimavanserin in patients with Parkinson's disease psychosis at the Emerging Science session of the 65th American Academy of Neurology ( AAN ) Annual Meeting. After the opening bell, February existing home sales came in at 4.98 million, the highest number since 2009, vs. the consensus expectation of 5.01 million, while the January FHFA Price Index rose 0.6%, vs. an estimated 0.7%. (+) MLHR (+8.4%) Shares rise to new 52-week highs after the interior furnishings company reported late Wednesday Q3 sales of $423.5 mln, vs. the analyst consensus of $437.6 mln on Capital IQ.
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(+) ACAD (+29%) Shares hit new year highs after the biopharmaceutical company presented results from its pivotal Phase III -020 Study with pimavanserin in patients with Parkinson's disease psychosis at the Emerging Science session of the 65th American Academy of Neurology ( AAN ) Annual Meeting. Meanwhile the average number of new claims over the past month declined by 7,500 to 339,750. After the opening bell, February existing home sales came in at 4.98 million, the highest number since 2009, vs. the consensus expectation of 5.01 million, while the January FHFA Price Index rose 0.6%, vs. an estimated 0.7%.
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8c942819-9d26-40fe-b12e-44ecb524896e
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9488.0
|
2013-03-21 00:00:00 UTC
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ISIS Presents Promising Data - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/isis-presents-promising-data-analyst-blog-2013-03-21
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nan
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nan
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Isis Pharmaceuticals, Inc. ( ISIS ) recently presented encouraging data on its candidate, ISIS-SMN, from a phase I study (n = 28). The data was presented at the 65th annual meeting of the American Academy of Neurology (AAN).
The open-label, single-dose, dose-escalation (1, 3, 6 and 9 mg) study evaluated the safety, tolerability and pharmacokinetic profile of ISIS-SMN in children with spinal muscular atrophy (SMA). It was found that ISIS-SMN was well tolerated at all dosages. Additionally, encouraging improvement in muscle function was also observed.
Isis Pharma is also evaluating ISIS-SMN in a multiple-dose phase Ib/2a study. The company expects to report data from this study by late 2013 or early 2014. Isis Pharma intends to initiate phase II/III studies on ISIS-SMN in infants in 2013 and children in the first half of 2014.
Last month, Isis Pharma received a $7.5 million milestone payment from GlaxoSmithKline ( GSK ). The payment primarily relates to the initiation of a phase II/III clinical study of ISIS-TTRRx. The study will span 15 months enrolling 200 patients. Isis is developing ISIS-TTRRx in collaboration with Glaxo for the potential treatment of transthyretin (TTR) amyloidosis.
We note that Isis Pharma's lead product, Kynamro (mipomersen sodium), received FDA approval in Jan 2013 for the treatment of familial hypercholesterolemia (FH). Isis Pharma's partner Sanofi ( SNY ) is marketing the product in the US. Sanofi is also looking to get the drug approved in the rest of the world including Europe.
Isis Pharma currently carries a Zacks Rank #3 (Hold). Cytokinetics, Inc. ( CYTK ) looks more attractive in the pharma sector with a Zacks Rank #1 (Strong Buy).
CYTOKINETCS INC (CYTK): Free Stock Analysis Report
GLAXOSMITHKLINE (GSK): Free Stock Analysis Report
ISIS PHARMACEUT (ISIS): Free Stock Analysis Report
SANOFI-AVENTIS (SNY): 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 data was presented at the 65th annual meeting of the American Academy of Neurology (AAN). The open-label, single-dose, dose-escalation (1, 3, 6 and 9 mg) study evaluated the safety, tolerability and pharmacokinetic profile of ISIS-SMN in children with spinal muscular atrophy (SMA). Isis Pharma intends to initiate phase II/III studies on ISIS-SMN in infants in 2013 and children in the first half of 2014.
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The data was presented at the 65th annual meeting of the American Academy of Neurology (AAN). Isis Pharmaceuticals, Inc. ( ISIS ) recently presented encouraging data on its candidate, ISIS-SMN, from a phase I study (n = 28). Last month, Isis Pharma received a $7.5 million milestone payment from GlaxoSmithKline ( GSK ).
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The data was presented at the 65th annual meeting of the American Academy of Neurology (AAN). Isis Pharmaceuticals, Inc. ( ISIS ) recently presented encouraging data on its candidate, ISIS-SMN, from a phase I study (n = 28). Isis Pharma intends to initiate phase II/III studies on ISIS-SMN in infants in 2013 and children in the first half of 2014.
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The data was presented at the 65th annual meeting of the American Academy of Neurology (AAN). Isis Pharmaceuticals, Inc. ( ISIS ) recently presented encouraging data on its candidate, ISIS-SMN, from a phase I study (n = 28). Last month, Isis Pharma received a $7.5 million milestone payment from GlaxoSmithKline ( GSK ).
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7b3de9ad-d9d7-40bb-801c-d32be56aeb15
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9489.0
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2013-03-18 00:00:00 UTC
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New Texas Store for Rent-A-Center - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/new-texas-store-for-rent-a-center-analyst-blog-2013-03-18
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nan
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nan
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Rent-A-Center Inc . ( RCII ), the largest rent-to-own operator in the U.S, announced the opening of a new store in Bellmead, Texas.
The company, through its latest store, will offer furniture, appliances, electronics and computers. With the inclusion of this new store, Rent-A-Center will conduct operations through 279 locations in Texas.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, Rent-A-Center opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
Nine international locations were opened and 15 stores were shuttered during the quarter, bringing the count to 108 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 7 new locations and consolidated 3 stores with existing locations, taking the total store count to 224.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Furthermore, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Apart from store expansions, 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. Moreover, a new centralized purchasing system allows better management of rental merchandise.
Despite these measures, currently, shares of Rent-A-Center hold a Zacks Rank #4 (Sell), following the company's soft fourth-quarter 2012 earnings.
However, until any further upward revision in Rent-A-Center's rating, other stocks in the finance-leasing universe worth considering are CorEnergy Infrastructure Trust ( CORR ) and Marlin Business Services Corp . ( MRLN ) both hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
CORENERGY INFRA (CORR): ETF Research Reports
MARLIN BUS SVCS (MRLN): Free Stock Analysis Report
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, Rent-A-Center opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986.
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AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, Rent-A-Center opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports MARLIN BUS SVCS (MRLN): Free Stock Analysis Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center Inc .
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89c15581-509b-41c1-ab3c-c4ab85263db1
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9490.0
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2013-03-15 00:00:00 UTC
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Aaron's Expands Stores Network - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-expands-stores-network-analyst-blog-2013-03-15
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nan
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nan
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) announced that it has opened 32 new company-operated and franchised stores in 17 different states of the U.S. and 2 Canadian provinces in the last 3 months. These store openings are in sync with the company's aggressive growth trend.
The company's new stores are located as follows - Prescott, Maricopa and Buckeye, Ariz.; Tulare and El Cajon, Calif.; Craig, Colo.; Putnam, Conn.; Greenacres, Jacksonville and Yulee, Fla.; Pratt, Kan.; Baton Rouge, La.; Aberdeen, Baltimore and Reisterstown, Md.; New Albany, Miss.; Elizabeth City, N.C.; Concord, N.H.; Taos, N.M.; Hamburg, Rochester, Bronx and Brooklyn, N.Y.; Westerville, Barberton and Hillsboro, Ohio; Seminole, Okla.; Yankton, S.D.; Rockdale and Plano, Texas; Grande Prairie, Alberta; and Port Alberni, British Columbia.
Earlier, in Sep 2012, Aaron's opened its 2,000th store in Bronx, New York, marking a strong fiscal 2012 for the company. During fiscal 2012, the company expanded its store count by 6.6%, besides reporting strongest ever financial results.
Aaron's adjusted earnings reached $2.04 per share in fiscal 2012, which was 16.6% higher from the adjusted earnings of $1.75 reported in 2011. However, it missed the Zacks Consensus Estimate of $2.07 per share. Total revenue increased 10% to $2,222.6 million from fiscal 2011.
Looking ahead, management remains encouraged by its store expansion outlook for 2013 and resulting job opportunities. In 2013, management targets new store growth of about 4%-6% over 2012, with equal numbers of company-operated and franchised stores and a small rise in number of HomeSmart stores. Going forward, the company will remain focused on its strategy of acquiring franchised stores or selling underperforming company-operated stores.
Aaron's is a rent-to-own operator in the United States, and has a low price provider strategy. The company is involved in rental and specialty retailing of consumer electronics, residential and office furniture, household appliances, and accessories.
Currently, Aaron's has a customer base of over 1.7 million throughout the U.S. and Canada. The company offers its customers low monthly payments on a lease-to-own option and no credit checks on everyday brand name necessities such as refrigerators, computers, beds and televisions.
Moreover, Aaron's leverages an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates the company to generate healthy sales and gain a competitive advantage over its rivals. The company currently operates over 2,075 company-operated and franchised stores across Canada and 48 states of the U.S.
The company's peer, Rent-A-Center Inc. ( RCII ) also follows the strategy of expanding its store network to boost its top line. For 2013, Rent-A-Center's management plans to open approximately 60 rent-to-own locations in Mexico. Furthermore, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Despite these encouraging expansion prospects, currently, shares of Aaron's hold a Zacks Rank #3 (Hold).
However, until any further upward revision in Aaron's rating, other stocks in the finance-leasing universe worth considering are CorEnergy Infrastructure Trust ( CORR ) and Electro Rent Corporation ( ELRC ), which hold a Zacks Rank #2 (Buy) and a Zacks Rank #3 (Hold), respectively.
AARONS INC (AAN): Free Stock Analysis Report
CORENERGY INFRA (CORR): ETF Research Reports
ELECTRO-RENT (ELRC): Get Free Report
RENT-A-CENTER (RCII): 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 ) announced that it has opened 32 new company-operated and franchised stores in 17 different states of the U.S. and 2 Canadian provinces in the last 3 months. AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The company's new stores are located as follows - Prescott, Maricopa and Buckeye, Ariz.; Tulare and El Cajon, Calif.; Craig, Colo.; Putnam, Conn.; Greenacres, Jacksonville and Yulee, Fla.; Pratt, Kan.; Baton Rouge, La.
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AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) announced that it has opened 32 new company-operated and franchised stores in 17 different states of the U.S. and 2 Canadian provinces in the last 3 months. Despite these encouraging expansion prospects, currently, shares of Aaron's hold a Zacks Rank #3 (Hold).
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AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) announced that it has opened 32 new company-operated and franchised stores in 17 different states of the U.S. and 2 Canadian provinces in the last 3 months. In 2013, management targets new store growth of about 4%-6% over 2012, with equal numbers of company-operated and franchised stores and a small rise in number of HomeSmart stores.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) announced that it has opened 32 new company-operated and franchised stores in 17 different states of the U.S. and 2 Canadian provinces in the last 3 months. AARONS INC (AAN): Free Stock Analysis Report CORENERGY INFRA (CORR): ETF Research Reports ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During fiscal 2012, the company expanded its store count by 6.6%, besides reporting strongest ever financial results.
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80b3330a-85d0-47af-9785-a97416db32e7
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9491.0
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2013-03-01 00:00:00 UTC
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Rent-A-Center Expands in New Jersey - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-expands-in-new-jersey-analyst-blog-2013-03-01
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store in Toms River, N.J. With the inclusion of this new store, Rent-A-Center will conduct operations through 45 locations in N.J.
The residents of the region will now have an additional option of purchasing goods with flexible payment options (freedom to pay weekly, biweekly or monthly). Moreover, when any consumer is denied credit financing for a particular product from the retailer, Rent-A-Center, under its RAC Acceptance program acquires that product from the retailer and offers it to the consumer under a rental-purchase transaction.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
Nine international locations were opened and 15 stores were shuttered during the quarter, bringing the count to 108 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 7 new locations and consolidated 3 stores with existing locations, taking the total store count to 224.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Furthermore, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Apart from store expansions, 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. Moreover, a new centralized purchasing system allows better management of rental merchandise.
Despite these measures, currently, shares of Rent-A-Center hold a Zacks Rank #4 (Sell), following the company's soft fourth-quarter 2012 earnings.
However, until any further upward revision in Rent-A-Center's rating, other stocks in the finance-leasing universe worth considering are Safeguard Scientifics, Inc. ( SFE ) and Electro Rent Corporation ( ELRC ), both of which hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
ELECTRO-RENT (ELRC): Get Free Report
RENT-A-CENTER (RCII): Free Stock Analysis Report
SAFEGUARD SCTFC (SFE): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report SAFEGUARD SCTFC (SFE): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report SAFEGUARD SCTFC (SFE): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986.
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AARONS INC (AAN): Free Stock Analysis Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report SAFEGUARD SCTFC (SFE): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report ELECTRO-RENT (ELRC): Get Free Report RENT-A-CENTER (RCII): Free Stock Analysis Report SAFEGUARD SCTFC (SFE): Free Stock Analysis Report To read this article on Zacks.com click here. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
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927933fb-8869-4d86-b91f-446edf70d282
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9492.0
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2013-02-27 00:00:00 UTC
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Aaron's, Inc. (AAN) Ex-Dividend Date Scheduled for March 01, 2013
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AAN
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https://www.nasdaq.com/articles/aarons-inc-aan-ex-dividend-date-scheduled-march-01-2013-2013-02-27
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nan
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nan
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Aaron's, Inc. ( AAN ) will begin trading ex-dividend on March 01, 2013. A cash dividend payment of $0.017 per share is scheduled to be paid on April 02, 2013. Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 13.33% increase over the same period a year ago.
The previous trading day's last sale of AAN was $27.37, representing a -15.86% decrease from the 52 week high of $32.53 and a 11.4% increase over the 52 week low of $24.57.
AAN is a part of the Technology sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). AAN's current earnings per share, an indicator of a company's profitability, is $2.25. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as 13.94%, compared to an industry average of 9.1%.
For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
Interested in gaining exposure to AAN through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAN as a top-10 holding:
PowerShares Dynamic Retail ( PMR )
QuantShares U.S. Market Neutral Size Fund ETF ( SIZ )
QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ).
The top-performing ETF of this group is CHEP with an increase of 3.22% over the last 100 days. PMR has the highest percent weighting of AAN at 2.75%.
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. Zacks Investment Research reports AAN's forecasted earnings growth in 2013 as 13.94%, compared to an industry average of 9.1%. For more information on the declaration, record and payment dates, visit the AAN Dividend History page.
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The following ETF(s) have AAN as a top-10 holding: PowerShares Dynamic Retail ( PMR ) QuantShares U.S. Market Neutral Size Fund ETF ( SIZ ) QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ). 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 March 01, 2013.
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAN was $27.37, representing a -15.86% decrease from the 52 week high of $32.53 and a 11.4% increase over the 52 week low of $24.57. The following ETF(s) have AAN as a top-10 holding: PowerShares Dynamic Retail ( PMR ) QuantShares U.S. Market Neutral Size Fund ETF ( SIZ ) QuantShares U.S. Market Neutral Value Fund ETF ( CHEP ).
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Shareholders who purchased AAN stock prior to the ex-dividend date are eligible for the cash dividend payment. Aaron's, Inc. ( AAN ) will begin trading ex-dividend on March 01, 2013. The previous trading day's last sale of AAN was $27.37, representing a -15.86% decrease from the 52 week high of $32.53 and a 11.4% increase over the 52 week low of $24.57.
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fdc70eb0-98b8-4ba0-8ffe-fe38acb251ce
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9493.0
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2013-02-08 00:00:00 UTC
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Aaron's Posts Record 4Q Results - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/aarons-posts-record-4q-results-analyst-blog-2013-02-08
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nan
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nan
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported impressive financial results for the fourth quarter of 2012. Driven by robust top-line performance, the company's quarterly earnings surged 12% to 48 cents per share from the adjusted earnings of 43 cents posted in the comparable year-ago quarter. However, quarterly earnings fell short of the Zacks Consensus Estimate by a couple of cents.
Quarterly Details
On the back strong comparable-store sales (comps) growth, Aaron's top line grew 9% to $568.5 million from $522.7 million in the year-ago quarter. However, total revenue fell short of the Zacks Consensus Estimate of $573.0 million.
Comps at the company's owned stores increased 4.6% in the quarter, while stores open for over 2 years witnessed a rise of 3.1%. The improved comps performance came on the back of 7.8% growth in customer traffic at the company's operated stores. Moreover, comps at the company's franchise stores registered a 6.5% hike on the back of a 9.6% rise in customer traffic.
During the quarter, the company adopted a unique promotional strategy to boost its Black Friday sales. The customers were given an option to buy products immediately and pay after Jan 2013. This strategy resulted in better-than-expected deferral revenue for 2013. However, the company did not record these deferral revenues, but recognized all the expenses related to this promotional activity in fourth quarter.
Aaron's Sales & Lease Ownership division's revenues was recorded at $539.8 million, up 8% from the fourth quarter of 2011. The company's HomeSmart division reported revenues of $14.8 million, increasing $5.9 million from the year-ago quarter.
The company's self-operated stores ended the 2012 with 1,134,000 customers, while its franchisee customer count came in at 604,000. Customer count increased 11.0% compared with the same period last year.
Brief Discussion on 2012
For 2012, Aaron's adjusted earnings reached $2.04 per share, which was 16.6% higher from the adjusted earnings of $1.75 reported in 2011. However, it missed the Zacks Consensus Estimate of $2.07 per share. Including one-time items, the company reported an increase of 57.3% with earnings per share reaching $2.25 compared with $1.43 reported in 2011.
Total revenue increased 10% to $2,222.6 million from $2,022.3 million in 2011. However, it came below the Zacks Consensus Estimate of $2,229.0 million.
Financial Position
Cash and investments at Aaron's as of Dec 31, 2012 were $215.4 million and total shareholders' equity was $1,136.1 million. During 2012, the company generated nearly $60.0 million of cash flow from operating activities.
During 2012, Aaron's repurchased 1,236,689 shares of common stock and still has 4,044,655 shares remaining under its current authorization.
Store Update
In the fourth quarter, Aaron's opened 37 new company-operated Sales & Lease Ownership stores as well as 26 new franchised stores and 2 RIMCO stores. The company also acquired 2 stores from its franchisees and 5 stores from third-party operators.
Moreover, during the quarter, the company sold one company-operated store to franchise and closed 1 company-operated Sales & Lease Ownership store. Further, Aaron's opened and closed 1 each self-operated HomeSmart store.
As of Dec 31, 2012, Aaron's has a total of 1,227 company-operated Sales & Lease Ownership stores, 742 franchised Sales & Lease Ownership stores, 78 HomeSmart stores, 1 franchised HomeSmart store, 19 company-operated RIMCO stores, and 6 franchised RIMCO stores. At the end of the year, the number of stores opened stood at 2,073.
Management Guidance
Aaron's expects to report total revenue of about $630.0 million in the first quarter of 2013, representing an increase of approximately 7.3% from the prior-year quarter. Earnings per share are anticipated to be between 70 cents and 74 cents, up 9%-16% year-over-year. Currently, the Zacks Consensus Estimate stands at 71 cents per share, which could witness a revision in coming days following the company's guidance.
For full year 2013, the company expects total revenue of approximately $2.4 billion and earnings per share in the range of $2.25-$2.41. Currently, the Zacks Consensus Estimate stands at $2.33 per share, which could witness a revision in coming days following the company's guidance.
In 2013, management targets new store growth of about 4%-6% over 2012, with equal numbers of company-operated and franchised stores and a small rise in number of HomeSmart stores. Going forward, the company will also remain focused on its strategy of acquiring franchised stores or selling underperforming company-operated stores.
Our View
Currently, Aaron's holds a Zacks Rank #2 (Buy). Aaron's leverages an extensive network of stores to effectively penetrate into its target markets, which in turn, facilitates the company to generate healthy sales and gain a competitive advantage over its rivals, Rent-A-Center, Inc . ( RCII ) and Advance America.
Other stocks in the retail consumer electronic universe worth considering are GOME Electrical Appliances Holding Limited ( GMELY ) and RadioShack Corporation ( RSH ), both carrying a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
(GMELY): ETF Research Reports
RENT-A-CENTER (RCII): Free Stock Analysis Report
RADIOSHACK CORP (RSH): 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 ) reported impressive financial results for the fourth quarter of 2012. AARONS INC (AAN): Free Stock Analysis Report (GMELY): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the Zacks Consensus Estimate stands at 71 cents per share, which could witness a revision in coming days following the company's guidance.
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AARONS INC (AAN): Free Stock Analysis Report (GMELY): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported impressive financial results for the fourth quarter of 2012. The company's HomeSmart division reported revenues of $14.8 million, increasing $5.9 million from the year-ago quarter.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported impressive financial results for the fourth quarter of 2012. AARONS INC (AAN): Free Stock Analysis Report (GMELY): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Store Update In the fourth quarter, Aaron's opened 37 new company-operated Sales & Lease Ownership stores as well as 26 new franchised stores and 2 RIMCO stores.
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Leading rent-to-own operator, Aaron's Inc. ( AAN ) reported impressive financial results for the fourth quarter of 2012. AARONS INC (AAN): Free Stock Analysis Report (GMELY): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Comps at the company's owned stores increased 4.6% in the quarter, while stores open for over 2 years witnessed a rise of 3.1%.
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de6b9072-26ca-4dd6-b028-6cfb406b0449
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9494.0
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2013-02-05 00:00:00 UTC
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Rent-A-Center's Expansion Strategy - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-centers-expansion-strategy-analyst-blog-2013-02-05
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nan
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nan
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To further strengthen its foothold in Canada, Rent-A-Center Inc . ( RCII ) announced its plans to franchise Canadian Stores through ColorTyme, a wholly owned subsidiary of Rent-A-Center.
The company stated that initially it will be franchising 18 Rent-A-Centre stores in Canada. The locations include Manitoba, Alberta, Ontario and Toronto metropolitan area.
The move is in line with the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
Nine international locations were opened and 15 stores were shuttered during the quarter, bringing the count to 108 stores. ColorTyme added 7 new locations and consolidated 3 stores with existing locations, taking the total store count to 225.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Furthermore, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Apart from store expansions, 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. Moreover, a new centralized purchasing system allows better management of rental merchandise.
Despite these measures, currently, shares of Rent-A-Center hold a Zacks Rank #4 (Sell), following the company's soft fourth-quarter 2012 earnings.
However, until any further upward revision in Rent-A-Center's rating, other stocks in the finance-leasing universe worth considering are AeroCentury Corp. ( ACY ) and Electro Rent Corporation ( ELRC ), which hold a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively.
AARONS INC (AAN): Free Stock Analysis Report
(ACY): ETF Research Reports
(ELRC): ETF Research Reports
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( RCII ) announced its plans to franchise Canadian Stores through ColorTyme, a wholly owned subsidiary of Rent-A-Center.
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AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
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AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
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94c761f7-4e4c-4d5d-8980-254db50cc62a
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9495.0
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2013-02-01 00:00:00 UTC
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hhgregg Posts Dull 3Q, Cuts View - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/hhgregg-posts-dull-3q-cuts-view-analyst-blog-2013-02-01
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nan
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nan
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As announced in the preliminary results reported on Jan 14, appliance and electronic retailer hhgregg Inc. ( HGG ) posted third quarter fiscal 2013 adjusted earnings (excluding one-time charge) of 52 cents per share, missing the prior-year quarter earnings of 60 cents by 13.3%. The results were in line with the Zacks Consensus Estimate.
Revenues and comparable-store sales decline, especially in the video category and higher selling, general and administrative (SG&A) expense ratio led to the year-over-year decline in earnings. The decline also partially offset the benefit from improved gross margins and addition of new stores.
Quarter in Detail
hhgregg's net sales dropped 3.6% year over year to $799.6 million in the reported quarter due to a decline in comparable store sales. Sales also fell shy of the Zacks Consensus Estimate of $813.0 million. However, the company opened 20 new stores in the last 12 months.
Comparable store sales witnessed a 9.7% decline in the quarter compared to the previous-year period as the poor performance of video and other categories overshadowed the improved results of the appliance and computing and mobile phones categories.
Gross margin expanded 10 basis points (bps) to 27.3% in the quarter, resulting from improved margin rates in the video and appliance category, offset by a decline in computing and mobile phone and other categories.
Selling, general and administrative expenses (SG&A), as a percentage of net sales, increased 47 bps in the quarter to 17.4%, owing to higher occupancy costs, offset by cost control measures. Net advertising expense as a percentage of net sales also climbed 8 bps to 4.8% in the reported quarter, due to the deleveraging effect of the net sales decline.
As discussed previously, the video category is suffering from significant top-line pressure due to fundamental shifts and lower-than-expected margins across all screen sizes. In addition, declining industry demand for flat screen LCD televisions severely impacted overall store traffic and video category sales.
However, the company made strategic decisions to improve the gross margin rates in the video category. The company focused on larger screen LED models, which generate higher gross margin rates than smaller screen LCD models. The company also reduced its focus on promotional activity within the video category in the quarter, which thereby improved the gross profit margin rate for the video category and the total company gross margin rates.
Category Details
The company reports its business under the following product categories:
The Video category (comprising 39% of total sales mix) offers premium video products, branded appliances, audio products and accessories. Comparable store sales declined 24.6% in the current quarter compared with a decline of 4.8% in the prior-year period, resulting from double-digit decrease in unit demand partially offset by increase in average selling prices during the quarter.
The Appliances category (comprising 35% of total sales mix) offers a broad selection of major appliances, including latest range of refrigerators, cooking ranges, dishwashers, freezers, washers and dryers, sold under a variety of leading brand names. Comparable store sales in the Appliance category witnessed same store sales growth of 6.1% compared with a growth of 6.8% in the prior-year period, driven by both increase in average selling prices and units sold.
The Computing and mobile phones category (comprising 14% of total sales mix) offers a broad selection of computer and mobile phone products, including notebook computers, tablets and mobile phones. The category reported same store sales growth of 16.2% versus a growth of 91.4% in the prior-year period. The quarter witnessed increased demand for tablets, with less demand for mobile phones.
Apart from the mentioned products, the company also sells Other products (comprising 12% of total sales mix) like audio systems, furniture, mattresses and other select popular consumer electronics and accessories. Same store sales declined 15.2% in the quarter compared with a decline of 7.1% in the prior-year period due to double-digit decreases in cameras, camcorders, small electronics and mattresses, partially offset by sales from the furniture and fitness equipment categories.
Guidance
Consistent with the company's preliminary third quarter results reported on Jan 14, the Indianapolis-based retailer revised its earnings and sales guidance for fiscal 2013. hhgregg has reduced its earnings forecast for fiscal 2013 to a range of 70 to 80 cents per share, compared with the previous guidance of 90 cents to $1.05 per share.
The company has also lowered its comparable store sales guidance and expects it in the range of negative 8.5% to negative 7.5%, compared with the prior guidance range of negative 6.0% to negative 4.0%. Net sales are now expected to increase in the range of flat to 1.0%, much lower than the previous growth range of 3.0% to 6.0%.
The company expects capital spending of approximately $45 million, also lower than the previous guidance of $50.0 million to $55.0 million. However, the company had forecasted capital expenditure in the range of $35.0 million to $40.0 million in its preliminary results.
Our Recommendation
We are witnessing continued growth in the appliances business, with its introduction of new products in furniture and fitness equipments. The company is also expanding its computing and mobile phones category and focusing on initiatives to drive additional traffic and increase sales.
However, the industry-wide headwind in video category has prompted the company to reduce its dependence on new product innovations in the video sector. hhgregg has also been testing new merchandise categories to improve the overall mix of business from the video category. However, the diversification is expected to take time and thus we continue to expect sluggish performance in the video category over the near term.
hhgregg holds a Zacks Rank #5 (Strong Sell). Stocks in the sector worth considering are Conn's, Inc. ( CONN ), Aaron's Inc ( AAN ) and Radioshack Corp ( RSH ). While Conn's holds a Zacks Rank #1 (Strong Buy), Aaron's Inc and Radioshack Corp hold a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
RADIOSHACK CORP (RSH): 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 in the sector worth considering are Conn's, Inc. ( CONN ), Aaron's Inc ( AAN ) and Radioshack Corp ( RSH ). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. As discussed previously, the video category is suffering from significant top-line pressure due to fundamental shifts and lower-than-expected margins across all screen sizes.
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AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks in the sector worth considering are Conn's, Inc. ( CONN ), Aaron's Inc ( AAN ) and Radioshack Corp ( RSH ). Category Details The company reports its business under the following product categories: The Video category (comprising 39% of total sales mix) offers premium video products, branded appliances, audio products and accessories.
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Stocks in the sector worth considering are Conn's, Inc. ( CONN ), Aaron's Inc ( AAN ) and Radioshack Corp ( RSH ). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable store sales witnessed a 9.7% decline in the quarter compared to the previous-year period as the poor performance of video and other categories overshadowed the improved results of the appliance and computing and mobile phones categories.
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Stocks in the sector worth considering are Conn's, Inc. ( CONN ), Aaron's Inc ( AAN ) and Radioshack Corp ( RSH ). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable store sales witnessed a 9.7% decline in the quarter compared to the previous-year period as the poor performance of video and other categories overshadowed the improved results of the appliance and computing and mobile phones categories.
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6fc6b8cc-ca6f-4707-9d30-57c3ffa72add
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9496.0
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2013-01-30 00:00:00 UTC
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Rent-A-Center Expands in Arkansas - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-expands-in-arkansas-analyst-blog-2013-01-30
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nan
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nan
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Rent-A-Center Inc. ( RCII ) announced the opening of a new store in Fayetteville, Ark. With the inclusion of this new store, Rent-A-Center will conduct operations through 42 locations in Ark.
The residents of the region will now have an additional option of purchasing goods with flexible payment options (freedom to pay weekly, biweekly or monthly). Moreover, when any consumer is denied credit financing for a particular product from the retailer, Rent-A-Center, under its RAC Acceptance program acquires that product from the retailer and offers it to the consumer under a rental-purchase transaction.
The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc . ( AAN ) and Advance America.
During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
Nine international locations were opened and 15 stores were shuttered during the quarter, bringing the count to 108 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 7 new locations and consolidated 3 stores with existing locations, taking the total store count to 224.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Furthermore, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Apart from store expansions, 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. Moreover, a new centralized purchasing system allows better management of rental merchandise.
Despite these measures, currently, shares of Rent-A-Center hold a Zacks Rank #3 (HOLD), following the company's soft fourth-quarter 2012 earnings.
However, until any further upward revision in Rent-A-Center's rating, other stocks in the finance-leasing universe worth considering are AeroCentury Corp. ( ACY ) and Electro Rent Corporation ( ELRC ), which hold a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively.
AARONS INC (AAN): Free Stock Analysis Report
(ACY): ETF Research Reports
(ELRC): ETF Research Reports
RENT-A-CENTER (RCII): 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 ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The move reflects the company's strategic approach of leveraging an extensive network of stores to effectively penetrate into its target markets, which in turn facilitates it to generate healthy sales and gain competitive advantage over its rivals, Aaron's Inc .
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AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. ( AAN ) and Advance America. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. During the recently concluded quarter, the largest rent-to-own operator in the U.S, opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986.
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( AAN ) and Advance America. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
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dc7a076c-7774-404e-939d-78cc4061c06a
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9497.0
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2013-01-29 00:00:00 UTC
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Rent-A-Center Misses Expectations - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/rent-a-center-misses-expectations-analyst-blog-2013-01-29
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nan
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nan
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Rent-A-Center Inc. ( RCII ), one of the largest rent-to-own operators, delivered fourth-quarter 2012 earnings of 81 cents a share that missed the Zacks Consensus Estimate by a couple of cents, and dropped 4.7% from 85 cents earned in the prior-year quarter.
Rent-A-Center's total revenue, which comprises store and franchise revenues, rose 2.8% to $758.4 million from the year-ago quarter but fell short of the Zacks Consensus Estimate of $781 million. Comparable-store sales for the quarter fell 0.2%. The increase in the top line was attributable to higher revenues from the RAC Acceptance and International segments, partly offset by a decline in the Core U.S. segment.
The company's business model, called RAC Acceptance, is gaining traction. When a consumer is denied credit financing for a particular product from the retailer, Rent-A-Center acquires that product from the retailer by virtue of the RAC Acceptance program, and thereby offers it to the consumer under a rental-purchase transaction.
Revenues from the RAC Acceptance business surged 51% to $94.7 million from the prior-year quarter, whereas revenues from Core U.S. segment declined 2.9% to $638.7 million. International segment revenues came in at $12.7 million substantially rising from $5.6 million in the year-ago quarter.
Total store revenues rose 2.7% to $746 million. The growth was driven by 2.9% rise in rental and fees revenue to $665.1 million, a 1.7% increase in merchandise sales to $57.7 million and a 0.6% jump in installment sales to $19.1 million, partially offset by a 4.3% decline in other revenues to $4.1 million. Total franchise revenues (ColorTyme segment) climbed 9.7% to $12.3 million during the quarter.
We observe that higher cost of revenues (up 5%) kept the gross margin under pressure. Although Rent-A-Center's gross profit grew 1.9% to $527.2 million, gross margin shrunk 60 basis points to 69.5%.
A 4.3% rise in salaries and other expenses impacted operating profit. Operating profit fell 4.7% to $79.3 million, whereas operating profit margin contracted 80 basis points to 10.5%. Adjusted EBITDA decreased 3.3% to $98.5 million, while adjusted EBITDA margin shriveled 80 basis points to 13%.
Stores Update
During the quarter, the company opened 12 new Core U.S. locations and consolidated 9 stores with existing locations bringing the total store count to 2,986. The company also opened 103 RAC Acceptance stores and consolidated 19 stores with existing locations, resulting in 966 stores.
Nine international locations were opened and 15 stores were shuttered during the quarter bringing the count to 108 stores. ColorTyme, which is a wholly owned subsidiary of Rent-A-Center, added 7 new locations and consolidated 3 stores with existing locations, taking the total store count to 224.
For 2013, management plans to open approximately 60 rent-to-own locations in Mexico. Moreover, the company aims at about 425 domestic RAC Acceptance kiosk additions.
Other Financial Aspects
Rent-A-Center ended the quarter with cash and cash equivalents of $61.1 million, senior debt of $387.5 million, and shareholders' equity of $1,469.9 million. During 2012, the company generated cash flow from operations of about $217.9 million. Management now anticipates capital expenditures of approximately $120 million for 2013.
The company bought back 930,541 shares for approximately $31.7 million during the quarter and 1,797,526 shares for approximately $61.9 million during 2012. Since the inception of the share buyback program, the company has repurchased 31,120,279 shares and employed approximately $777.3 million out of the $1 billion authorized.
Plano, Texas-based company, Rent-A-Center on Dec 17, 2012, raised its quarterly dividend by 31% to 21 cents (or 84 cents annually) from 16 cents a share (or 64 cents annually). The increased dividend was paid on Jan 24, 2013 to stakeholders of record as on Jan 3, 2013. This was the 11th successive cash dividend.
Strolling Through Guidance
Rent-A-Center projects 2013 top-line growth of 5% to 8%, attributable to $540 million contribution from the RAC Acceptance business, however, the Core U.S. segment is expected to remain flat. The company anticipates a 4% decline in the Core U.S. segment during the first quarter of 2013. Management expects comparable-store sales to drop 2% in the first quarter but forecasts 2% to 4% growth for 2013.
Management envisions 2013 earnings in the band of $3.25 to $3.40 per share, including a cost of 25 cents related to its international expansion initiatives. The current Zacks Consensus Estimate for 2013 is $3.49. Consequently, we could witness a correction in the Zacks Consensus Estimates in the coming days.
Management also forecasted a 50 basis points contraction in gross profit margin for 2013. It also hinted that operating profit margin for the year will remain even. EBITDA for the year is projected between $415 million and $435 million.
Closing Comment
Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase schemes that allow customers to own the merchandise upon completion of the rental period. Due to continued tightening of the credit market, customers see rent-to-own as a more flexible and viable option compared to credit. However, the sluggish recovery and a fragile job market may make customers reluctant to enter new rental-purchase deals.
Currently, Rent-A-Center holds a Zacks Rank #3 (Hold). Other stocks worth considering in the finance-leasing industry are AeroCentury Corp. ( ACY ) and Electro Rent Corporation ( ELRC ), both of which hold a Zacks Rank #1 (Strong Buy) and are expected to continue with their upbeat performances. Another stock that should be merited is Aaron's Inc. ( AAN ), which holds a Zacks Rank #2 (Buy) and is expected to continue with its positive earnings surprise trend.
AARONS INC (AAN): Free Stock Analysis Report
(ACY): ETF Research Reports
(ELRC): ETF Research Reports
RENT-A-CENTER (RCII): 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.
|
Another stock that should be merited is Aaron's Inc. ( AAN ), which holds a Zacks Rank #2 (Buy) and is expected to continue with its positive earnings surprise trend. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Strolling Through Guidance Rent-A-Center projects 2013 top-line growth of 5% to 8%, attributable to $540 million contribution from the RAC Acceptance business, however, the Core U.S. segment is expected to remain flat.
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AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Another stock that should be merited is Aaron's Inc. ( AAN ), which holds a Zacks Rank #2 (Buy) and is expected to continue with its positive earnings surprise trend. Rent-A-Center's total revenue, which comprises store and franchise revenues, rose 2.8% to $758.4 million from the year-ago quarter but fell short of the Zacks Consensus Estimate of $781 million.
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Another stock that should be merited is Aaron's Inc. ( AAN ), which holds a Zacks Rank #2 (Buy) and is expected to continue with its positive earnings surprise trend. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center's total revenue, which comprises store and franchise revenues, rose 2.8% to $758.4 million from the year-ago quarter but fell short of the Zacks Consensus Estimate of $781 million.
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Another stock that should be merited is Aaron's Inc. ( AAN ), which holds a Zacks Rank #2 (Buy) and is expected to continue with its positive earnings surprise trend. AARONS INC (AAN): Free Stock Analysis Report (ACY): ETF Research Reports (ELRC): ETF Research Reports RENT-A-CENTER (RCII): Free Stock Analysis Report To read this article on Zacks.com click here. Rent-A-Center's total revenue, which comprises store and franchise revenues, rose 2.8% to $758.4 million from the year-ago quarter but fell short of the Zacks Consensus Estimate of $781 million.
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6c00207b-a402-4d7a-b5e1-acc6c2fc7418
|
9498.0
|
2013-01-25 00:00:00 UTC
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Biogen Advances with MS Candidate - Analyst Blog
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AAN
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https://www.nasdaq.com/articles/biogen-advances-with-ms-candidate-analyst-blog-2013-01-25
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nan
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nan
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Biogen Idec ( BIIB ) recently announced positive top-line data on its phase III multiple sclerosis candidate, peginterferon beta-1a. Results from the ADVANCE study showed that peginterferon beta-1a met the primary endpoint as well as secondary endpoints.
Detailed Results
Two doses (once in two weeks and once in four weeks) of peginterferon beta-1a were compared to placebo in the study that was conducted to evaluate the safety and efficacy of the candidate in patients suffering from relapsing-remitting multiple sclerosis (RRMS).
Both dosing regimens met the primary endpoint of annualized relapse rate (ARR) at one year. While ARR reduction was 35.6% in the two-week regimen, the four-week regimen saw a 27.5% reduction in ARR.
Secondary endpoints included reduction of the risk of 12-week confirmed disability progression as measured by the Expanded Disability Status Scale (38% for both dosing arms), reduction in the proportion of patients who relapsed (39% the two-week dosing arm and 26% in the four-week dosing arm) and reduction in the number of new or newly enlarging T2-hyperintense lesions on brain MRI scans (67% in the two-week dosing arm and 28% in the four-week dosing arm). Biogen said that safety and tolerability profiles were favorable in both arms.
Biogen intends to present data from this study at the upcoming annual meeting of the American Academy of Neurology (AAN) in March. Meanwhile, with these positive results in hand, the company should be able to go ahead with its plans of filing for US and EU approval this year.
Our Take
We are pleased with Biogen's progress with its multiple sclerosis (MS) pipeline. A less frequent dosing schedule (not more than 26 doses in a year) and a favorable safety and efficacy profile should work in peginterferon beta-1a's favor once it is launched.
Biogen is the market leader in therapies for the treatment of multiple sclerosis. We believe the company will continue to retain a leading position in the multiple sclerosis market. Biogen has an important regulatory event coming up with an FDA decision on its oral multiple sclerosis candidate, BG-12, expected in late March. We believe BG-12 could become a leader in the oral multiple sclerosis market once launched. Biogen has another multiple scelrosis candidate, daclizumab, in development with AbbVie ( ABBV ).
Biogen currently carries a Zacks #3 Rank (Hold). Biopharma stocks that currently look attractive include companies like Alkermes ( ALKS ) and Medivation ( MDVN ) - both companies are Zacks Rank #1 (Strong Buy) stocks.
ABBVIE INC (ABBV): Free Stock Analysis Report
ALKERMES INC (ALKS): Free Stock Analysis Report
BIOGEN IDEC INC (BIIB): Free Stock Analysis Report
MEDIVATION INC (MDVN): 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.
|
Biogen intends to present data from this study at the upcoming annual meeting of the American Academy of Neurology (AAN) in March. Biogen Idec ( BIIB ) recently announced positive top-line data on its phase III multiple sclerosis candidate, peginterferon beta-1a. Biogen has an important regulatory event coming up with an FDA decision on its oral multiple sclerosis candidate, BG-12, expected in late March.
|
Biogen intends to present data from this study at the upcoming annual meeting of the American Academy of Neurology (AAN) in March. Both dosing regimens met the primary endpoint of annualized relapse rate (ARR) at one year. Biopharma stocks that currently look attractive include companies like Alkermes ( ALKS ) and Medivation ( MDVN ) - both companies are Zacks Rank #1 (Strong Buy) stocks.
|
Biogen intends to present data from this study at the upcoming annual meeting of the American Academy of Neurology (AAN) in March. Detailed Results Two doses (once in two weeks and once in four weeks) of peginterferon beta-1a were compared to placebo in the study that was conducted to evaluate the safety and efficacy of the candidate in patients suffering from relapsing-remitting multiple sclerosis (RRMS). Secondary endpoints included reduction of the risk of 12-week confirmed disability progression as measured by the Expanded Disability Status Scale (38% for both dosing arms), reduction in the proportion of patients who relapsed (39% the two-week dosing arm and 26% in the four-week dosing arm) and reduction in the number of new or newly enlarging T2-hyperintense lesions on brain MRI scans (67% in the two-week dosing arm and 28% in the four-week dosing arm).
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Biogen intends to present data from this study at the upcoming annual meeting of the American Academy of Neurology (AAN) in March. A less frequent dosing schedule (not more than 26 doses in a year) and a favorable safety and efficacy profile should work in peginterferon beta-1a's favor once it is launched. We believe the company will continue to retain a leading position in the multiple sclerosis market.
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90f7f4b2-0864-495a-b653-baad7c065a07
|
9499.0
|
2013-01-21 00:00:00 UTC
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RadioShack Upgraded to Neutral - Analyst Blog
|
AAN
|
https://www.nasdaq.com/articles/radioshack-upgraded-to-neutral-analyst-blog-2013-01-21
|
nan
|
nan
|
On January 17, we upgraded RadioShack Corp. ( RSH ) to Neutral based on the company's extremely low level of current valuation and management's recent decision to terminate its unprofitable deal with Target Corp.
Why the Upgrade
The stock price of RadioShack plunged more than 79% in the last year, significantly underperforming the S&P 500 return of 14.4% in the last year. The nationwide retailer of electronics and mobile gadgets is currently trading at the low-end of its 52-week price range. With respect to several valuation metrics, RadioShack is also trading at significantly lower multiples compared to the S&P 500. We believe, the company is currently fairly valued and provides limited chance for further downslide of its stock price. RadioShack currently has a Zacks Rank #2 (Buy).
Other Positives
On January 14, ina major strategic move, RadioShack and Target Corp. have agreed to dissolve their existing business relationship. In 2010, RadioShack entered into an agreement with Target to roll out Kiosks for wireless products in 1,500 discount stores of the latter. However, ever since its inception, the deal has been unprofitable for RadioShack. The company was managing only the postpaid mobile business of Target, which is a low-margin one. It has no access to high-margin prepaid mobile business or the highly lucrative phone accessories business of Target. We believe that termination of the Target deal will be a blessing for RadioShack. According to management the agreement will come to an end on April 8, 2013.
RadioShack has undertaken a global expansion strategy. In April 2012, RadioShack announced a franchise deal with the Malaysian conglomerate, Berjaya. Berjaya expects to open 1,000 stores over the next 10 years in several South-East Asian countries including Vietnam, Malaysia and Thailand. In a bid to tap the growing Asian market, RadioShack has joined hand with Asian retailer Cybermart to open small retail outlets in China, Taiwan, Hong Kong and Macau.
Other Stocks to Consider
Besides RadioShack, other stocks in the electronics retail sector that are currently performing well include Conns Inc. ( CONN ), Aaron's Inc. ( AAN ) and GOME Electrical Appliances Holding Ltd. ( GMELY ). While Conns currently has a Zacks Rank #1 (Strong Buy), Aaron's and GOME both have a Zacks Rank #2 (Buy).
AARONS INC (AAN): Free Stock Analysis Report
CONNS INC (CONN): Free Stock Analysis Report
(GMELY): ETF Research Reports
RADIOSHACK CORP (RSH): 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.
|
Other Stocks to Consider Besides RadioShack, other stocks in the electronics retail sector that are currently performing well include Conns Inc. ( CONN ), Aaron's Inc. ( AAN ) and GOME Electrical Appliances Holding Ltd. ( GMELY ). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report (GMELY): ETF Research Reports RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. On January 17, we upgraded RadioShack Corp. ( RSH ) to Neutral based on the company's extremely low level of current valuation and management's recent decision to terminate its unprofitable deal with Target Corp. Why the Upgrade The stock price of RadioShack plunged more than 79% in the last year, significantly underperforming the S&P 500 return of 14.4% in the last year.
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AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report (GMELY): ETF Research Reports RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Besides RadioShack, other stocks in the electronics retail sector that are currently performing well include Conns Inc. ( CONN ), Aaron's Inc. ( AAN ) and GOME Electrical Appliances Holding Ltd. ( GMELY ). On January 17, we upgraded RadioShack Corp. ( RSH ) to Neutral based on the company's extremely low level of current valuation and management's recent decision to terminate its unprofitable deal with Target Corp. Why the Upgrade The stock price of RadioShack plunged more than 79% in the last year, significantly underperforming the S&P 500 return of 14.4% in the last year.
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Other Stocks to Consider Besides RadioShack, other stocks in the electronics retail sector that are currently performing well include Conns Inc. ( CONN ), Aaron's Inc. ( AAN ) and GOME Electrical Appliances Holding Ltd. ( GMELY ). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report (GMELY): ETF Research Reports RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. On January 17, we upgraded RadioShack Corp. ( RSH ) to Neutral based on the company's extremely low level of current valuation and management's recent decision to terminate its unprofitable deal with Target Corp. Why the Upgrade The stock price of RadioShack plunged more than 79% in the last year, significantly underperforming the S&P 500 return of 14.4% in the last year.
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Other Stocks to Consider Besides RadioShack, other stocks in the electronics retail sector that are currently performing well include Conns Inc. ( CONN ), Aaron's Inc. ( AAN ) and GOME Electrical Appliances Holding Ltd. ( GMELY ). AARONS INC (AAN): Free Stock Analysis Report CONNS INC (CONN): Free Stock Analysis Report (GMELY): ETF Research Reports RADIOSHACK CORP (RSH): Free Stock Analysis Report To read this article on Zacks.com click here. On January 17, we upgraded RadioShack Corp. ( RSH ) to Neutral based on the company's extremely low level of current valuation and management's recent decision to terminate its unprofitable deal with Target Corp. Why the Upgrade The stock price of RadioShack plunged more than 79% in the last year, significantly underperforming the S&P 500 return of 14.4% in the last year.
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06b93337-454f-4191-9e81-000b4a9a1902
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