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Piper Jaffray Overweight On PetSmart
Thursday, August 18, 2011 - 7:43am | 154Piper Jaffray is out with a research report on PetSmart, Inc. (NASDAQ: PETM) after it reported earnings, and it has an Overweight rating and a $53 price target on shares. In a note to clients, Piper Jaffray writes, "We are reiterating our Overweight rating and maintaining our PT of $53 following a...
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Jefferies Reiterates Hold on Staples
Thursday, August 18, 2011 - 7:36am | 96Jefferies is out with its report today on Staples (NASDAQ: SPLS), reiterating Hold. In its report, Jefferies writes, "EPS came in at $0.22, beating low expectations and coming in at high end of reduced guidance. The main deviation from expectations, was improvement in International sales and...
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JP Morgan Lowers PT On Staples To $19
Thursday, August 18, 2011 - 6:35am | 26JP Morgan has lowered the price target on Staples (NASDAQ: SPLS) from $20 to $19 and maintains its Overweight rating.
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PetSmart Bid Lower on Q2 Earnings Results
Wednesday, August 17, 2011 - 4:13pm | 223Shares of PetSmart (NASDAQ: PETM) are trading lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are bid $40.01, at $40.89; they ended the regular session lower by 0.07%, at $41.56. PetSmart reported Q2 EPS of $0.54 on revenues of $1.5 billion;...
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Afternoon Losers; Travelzoo Down 11%
Wednesday, August 17, 2011 - 3:57pm | 80Travelzoo (NASDAQ: TZOO) -11.37% after Jim Cramer was bearish on the company on yesterday's Mad Money and Benchmark lowered the company's PT today. Barnes & Noble (NYSE: BKS) -10.81% on the report that Liberty Media may buy a stake in the company instead of buying the whole company. Fabrinet...
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Notable Put Options Activity in Dick's Sporting Goods
Wednesday, August 17, 2011 - 12:33pm | 92Shares of Dick's Sporting Goods (NYSE: DKS) are lower on the session by 0.21%, currently trading at $32.71. The stock has been moving largely lower over the past three months and is currently above below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Calls Purchased on Office Depot
Wednesday, August 17, 2011 - 10:21am | 98Shares of Office Depot (NYSE: ODP) are higher on the session by 1.49%, currently trading at $2.73. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the...
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Pre-Market Gainers; Eastman Kodak up on Bloomberg Article
Wednesday, August 17, 2011 - 9:24am | 117Eastman Kodak (NYSE: EK) +14.95% following a Bloomberg article discussing the value of company's patents. Approach Resources (NASDAQ: AREX) +14.14% Clearwire (NASDAQ: CLWR) +8.74% Staples (NASDAQ: SPLS) +8.30% on better than expected Q2 earnings and Q3 guidance. Chico's (NYSE: CHS) +5.08% on...
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Citi Maintains Hold on Staples
Wednesday, August 17, 2011 - 9:22am | 130Citi is out with its report today on Staples (NASDAQ: SPLS), maintaining Hold. In its report, Citi writes, "SPLS reported operating EPS of $0.22, vs. Street of $0.20 and our estimate of $0.19. Guidance was $0.18 to $0.20. Relative to our model the beat was driven by higher sales ($+225 million...
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Earnings Roundup
Wednesday, August 17, 2011 - 9:11am | 1175Staples Inc (NASDAQ: SPLS) reported a 36% rise in its fiscal second-quarter profit. Staples' quarterly profit surged to $176.4 million, or $0.25 per share, from $129.8 million, or $0.18 per share, in the year-ago period. Its sales climbed 5.2% to $5.82 billion. Excluding a $21 million tax refund,...
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UPDATE: Sterne Agee Upgrades Dick's Sporting Goods from Sell to Neutral
Wednesday, August 17, 2011 - 8:14am | 104Sterne Agee has published a research report on Dick's Sporting Goods (NYSE: DKS) raising the rating from Sell to Neutral. In the report, Sterne Agee wrote, "At yesterday's closing price, DKS is trading at PE multiple of 13.6X ex cash our 2012 EPS estimate. In 1Q09 DKS traded at 13.1X, ex cash, the...
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News Summary for August 17, 2011
Wednesday, August 17, 2011 - 7:48am | 595This is your Benzinga news summary and traders' outlook for Wednesday, August 17, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher. At last check, Dow futures are up about 40 points and the U.S...
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Benzinga's Top Upgrades
Wednesday, August 17, 2011 - 7:42am | 128Sterne Agee upgraded Dick's Sporting Goods Inc (NYSE: DKS) from “sell” to “neutral.” DKS' shares closed at $32.78 yesterday. Dick's Sporting Goods' PEG ratio is 1.02. Analysts at JP Morgan upgraded Motorola Mobility Holdings Inc (NYSE: MMI) from “underweight” to “neutral.” MMI's shares closed at $...
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A Peek Into The Market Before The Trading Starts
Wednesday, August 17, 2011 - 7:31am | 378Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting inflation data. Futures for the Dow Jones Industrial Average gained 31 points to 11,418.00 and S&P 500 index futures rose 4.60 points to 1,196.90. Nasdaq 100 futures gained 1.75 points to 2,201. A...
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Piper Jaffray Lowers PT On Dick's Sporting Goods To $39
Wednesday, August 17, 2011 - 6:28am | 28Piper Jaffray has lowered the price target on Dick's Sporting Goods (NYSE: DKS) from $40 to $39 and maintains its Overweight rating.