Posts for Ticker ‘BJ’

Retail & Apparel Earnings Dominate Next Week (SKS, BJ, GYMB, ANN, DKS, FL, GPS, SHLD, PLCE, WTSLA, ZUMZ)

Bull and Bear ImageIt seems that earnings season is winding down, but next week we have many of the key retail and apparel players reporting earnings.  Saks Incorporated (NASDAQ: SKS), BJ’s Wholesale Club Inc. (NYSE: BJ), Gymboree Corp. (NASDAQ: GYMB), and Ann Taylor Stores Corp. (NYSE: ANN) are all reporting next week.  Next Thursday may feel like a retail and apparel earnings bonanza as we have Dick’s Sporting Goods Inc. (NYSE: DKS), Foot Locker Inc. (NYSE: FL), Gap Inc. (NYSE: GPS), Sears Holdings Corporation (NASDAQ: SHLD), The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Wet Seal Inc. (NASDAQ: WTSLA), and Zumiez, Inc. (NASDAQ: ZUMZ) all reporting earnings in one day.

We have provided estimates from Thomson Reuters, recent sale store sales data, share performance, and added color on what else to consider where applicable.
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Posted on: November 13, 2009 – 11:36 am in Apparel, Calendar, Earnings, Retail, , , , , , , , , , ,

Top Analyst Upgrades (AET, AMZN, AMX, BJ, CAL, ERTS, FO, FPIC, HUM, MAR, HOT)

These are this Wednesday morning’s top analyst upgrades and positive research calls that we have seen from Wall Street:

Aetna (AET) Raised to Neutral at Goldman Sachs.
Amazon.com (AMZN) Raised to Buy at BofA Merrill Lynch.
America Movil (AMX) Started as Outperform at Wells Fargo.
BJ’s Wholesale (BJ) Raised to Overweight at Barclays.
Continental (CAL) Raised to Buy at Argus.
Electronic Arts (ERTS) Raised to Outperform at FBR.
Fortune Brands (FO) Raised to Buy at Goldman Sachs.
FPIC Insurance (FPIC) Raised to Outperform at Oppenheimer.
Humana (HUM) STarted as Buy at Collins-Stewart.
Marriott Hotels (MAR) Started as Buy at Citigroup.
Starwood Hotels (HOT) Started as Buy at Citigroup.

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JON C. OGG

Posted on: September 16, 2009 – 8:22 am in Analyst Calls, , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ARIA, ADSK, BJ, CX, ENOC, GLNG, IT, N, PSA, WMT)

These are the top pre-market analyst upgrades and downgrades from Wall Street firms we have seen early this Monday morning:

Ariad Pharma (NASDAQ: ARIA) Started as Outperform at Oppenheimer.
Autodesk (NASDAQ: ADSK) Raised to Buy at BofA Merrill Lynch.
BJ’s Wholesale (NYSE: BJ) Cut to Neutral at JPMorgan.
CEMEX S.A. (NYSE: CX) Raised to Buy at Deutsche Bank.
EnerNOC (NASDAQ: ENOC) Started as Overweight at JPMorgan.
Gartner (NYSE: IT) Raised to Overweight at JPMorgan.
Golar LNG (NASDAQ: GLNG) Cut to Neutral at Goldman Sachs.
NetSuite (NYSE: N) Raised to Outperform at Credit Suisse.
Public Storage (NYSE: PSA) Cut to Market Perform at Wells Fargo.
Wal-Mart Stores (NYSE: WMT) Raised to Buy at Rochdale.

JON C. OGG
August 17, 2009

Posted on: August 17, 2009 – 8:00 am in Analyst Calls, , , , , , , , , ,

Top Analyst Downgrades (APOG, BJS, BJ, HAL, KEG, NBR, OMC, PTEN, PCG, SLB, WMT)

burning-money-pic15These are some of the top pre-market analyst downgrades and negative calls we have seen early this Tuesday morning:

  • Apogee (APOG) Cut to Sell at Piper Jaffray.
  • BJ Services (BJS) Cut to Sector Perform at RBC.
  • BJ’s Wholesale (BJ) Cut to Underperform at Credit Suisse.
  • Halliburton (HAL) Cut to Sector Perform at RBC.
  • Key Energy (KEG) Cut to Sector Perform at RBC.
  • Nabors (NBR) Cut to Sector Perform at RBC.
  • Omnicom (OMC) Cut to Sell at Deutsche Bank.
  • Patterson-UTI (PTEN) Cut to Underperform at RBC.
  • PG&E (PCG) Cut to Neutral at Credit Suisse.
  • Schlumberger (SLB) Cut to Sector Perform at RBC.
  • Wal-Mart (WMT) Cut to Hold from Buy at Citigroup.

JON C. OGG

Posted on: March 10, 2009 – 6:41 am in Analyst Calls, , , , , , , , , , ,

BJ’s vs. Costco vs. Big Lots (BJ, COST, BIG)

money-stack-image9We have two entirely different reports this morning in the big box retail sector, and a wild card underdog winner.  BJ’s Wholesale Club Inc. (NYSE: BJ) reported better-than-expected results, while Costco Wholesale Corp. (NASDAQ: COST) did not.  The good news is some of the bad news was anticipated.  Big Lots Inc. (NYSE: BIG) may be a wild card.
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Posted on: March 4, 2009 – 9:16 am in Earnings, Retail, , ,

Tuesday’s Top Analyst Upgrades & Downgrades (BJ, GLW, DRI, DTSI, ITW, RBS, VIA, BHP, COF, FITB, MAT, STO)

These are some of Tuesday morning’s top pre-market upgrades and downgrades we have seen from Wall Street analysts with more than two hours until the open:

  • BJ’s Wholesale (NYSE: BJ) Raised to Buy at UBS.
  • Corning (NYSE: GLW) Started as Outperform at Oppenheimer.
  • Darden restaurants (NYSE: DRI) Started as Outperform at Baird.
  • Digital Theater Systems (NASDAQ: DTSI) Raised to Overweight at JPMorgan.
  • Illinois Toolworks (NYSE: ITW) Raised to Overweight at JPMorgan.
  • Royal Bank of Scotland (NYSE: RBS) Raised to Overweight at HSBC.
  • Viacom (NYSE: VIA) Raised to Overweight at Barclays.
  • BHP Billiton (NYSE: BHP) Cut to Hold at ABN AMRO.
  • Capital One (NYSE: COF) Target cut by more than half to $18 at Goldman Sachs.
  • Fifth Third (NASDAQ: FITB) Target cut 75% down to $2.00 at Goldman Sachs.
  • Mattel (NYSE: MAT) Cut to Neutral at Piper Jaffray.
  • StatoilHydro (NYSE: STO) Cut to Underweight at Morgan Stanley.

Jon C. Ogg
February 3, 2009

Posted on: February 3, 2009 – 7:29 am in Analyst Calls, , , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (AXP, AXYS, BJ, CAVM, ERTS, ERIC, FLIR, FTI, GE, HTLD, KNX, NKE, SINA)

These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts:

  • American Express (AXP) Started as Sell at Banc of America; Started as Sell at Citigroup.
  • Axsys Technologies (AXYS) Cut to Underweight at JPMorgan.
  • BJ’s Wholesale (BJ) Cut to Neutral at JPMorgan.
  • Cavium Networks (CAVM) Cut to Market Weight at Thomas Weisel.
  • Electronic Arts (ERTS) was downgraded at Citigroup, Banc of America, and piper Jaffray.
  • Ericsson (ERIC) Cut to Hold at Citigroup.
  • FLIR Systems (FLIR) Cut to Neutral at JPMorgan.
  • FMC Tech (FTI) Cut to Sell at UBS.
  • General Electric (GE) Cut to Neutral at UBS.
  • Heartlan Express (HTLD) Cut to Sell at UBS.
  • Knight Transportation (KNX) Cut to Sell at UBS.
  • Nike (NKE) Cut to Neutral at Banc of America.
  • Sina (SINA) Cut to Hold at Citigroup.

Jon C. Ogg
December 10, 2008

Posted on: December 10, 2008 – 8:10 am in Analyst Calls, , , , , , , , , , , , ,

Should You Chase BJ’s? (BJ, COST, WMT)

Bjs_logoBJ’s Wholesale Club Inc. (NYSE: BJ) appears to be one of the few standouts in retail right now.  How many companies are in retail are beating already-raised guidance and still raising forecasts ahead?  The big box retailer posted earnings gains of about 24% with $0.48 EPS, and that is after a $0.01 Charge.  The company had previously offered guidance of $0.45 to $0.49, and that was raised to $0.36 to $0.40 earlier on.  If you look through the numbers in this economic climate, you might think that BJ’s would be good for traders and investors.

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Posted on: November 19, 2008 – 10:11 am in Earnings, Retail, , ,

Top 10 Pre-Market Analyst Calls (BJ, CPWR, FITB, GM, JCI, RJF, SJM, SUPG, UAUA)

These are not anywhere near all of the research upgrades & downgrades we are seeing, but here are ten of the impacting calls we have seen so far in early trading today:

  • BJ’s Wholesale Club (NYSE: BJ) Raised to Overweight from Neutral at JPMorgan.
  • Compuware (NASDAQ: CPWR) Raised to Overweight from Neutral at JPMorgan.
  • Fifth Third Bancorp (NASDAQ: FITB) Raised to Outperform from Neutral at R.W.Baird.
  • General Motors Corp. (NYSE: GM) downgraded to Underperform at Merrill Lynch.
  • Johnson Controls (NYSE: JCI) Cut to Underperform at Goldman Sachs.
  • Raymond James Financial (NYSE: RJF) Raised to Outperform at KBW.
  • Smuckers (NYSE: SJM) Raised to Buy from Hold at Deutsche Bank.
  • SuperGen (NASDAQ: SUPG) Raised to Market Outperform at Rodman & Renshaw.
  • UAL (NASDAQ: UAUA) Cut to Neutral from Buy and removed from CONVICTION BUY LIST at Goldman Sachs.
  • VeraSun Energy (NYSE: VSE) Raised to Outperform at Oppenheimer.

Jon C. Ogg
July 2, 2008

Posted on: July 2, 2008 – 7:06 am in Analyst Calls, , , , , , , , ,

Pre-Market Stock News (November 20, 2007)

Biogen Idec (BIIB) announced an alliance with Neurimmune Therapeutics to develop treatments for Alzheimer’s Disease.
BJ’s Wholesale (BJ) $0.35 EPS vs $0.33 est.
Blue Coat Systems (BCSI) $0.30 EPS vs $0.24 est.; sees next quarter $0.31 to $0.35 EPS vs. $0.26 est.
DR Horton (DHI) trading up 4% after posting narrower than expected losses at -$0.16 EPS vs -$0.60 EPS; sales down 35%.
Freddie Mac (FRE) posted a $3.29 EPS loss; engaged Goldman Sachs and Lehman to advise on near term financial concerns for capital raising after discussing lower mortgage loan values in its portfolio; apparently considering dividend cut; shares down 6% or more.
Fannie Mae (FNM) trading down 6% with Freddie Mac.
H-P (HPQ) beat earnings and slightly raised guidance; announced an $8 Billion share buyback
JW Nordstom (JWN) beat earnings and raised guidance; stock traded up 10%.
McClatchy Co (MNI) reports that both consolidated advertising and total revenues in October 2007 decreased 9.9%.
New York & Co. (NWY) $0.09 EPS vs $0.07 est; sees next quarter $0.23 to $0.32 EPS vs. $0.30 est.
Retalix (RTLX) $0.23 EPS vs $0.18 est.
Shoe Carnival (SCVL) $0.33 EPS vs $0.32 est.
Van Der Moolen (VDM) announced resignation of COO.
Zale (ZLC) -$0.54 EPS vs -$0.60 est.; sees next quarter $1.87-1.92 EPS vs. $1.80 est.; sees 2008 under plan.

Posted on: November 20, 2007 – 8:05 am in Pre-Market Activity, , , , , , , , , , , , , ,

Pre-Market Analyst Calls (July 13, 2007)

AOB started as Outperform at CIBC.
AUY started asOutperform at Credit Suisse.
BGFV cut to Sector Perform at CIBC.
BJ raised to Equal Weight at Lehman.
BLK started as Outperform at Wachovia.
CCL raised to Overweight at JPMorgan.
CHE cut to Hold at Deutsche Bank.
CIT cut to Sector PErform at CIBC.
CREE started as Hold at Deutsche Bank.
DWA started as Buy at Stifel Nicolaus.
EMC cut to Mkt Perform at Morgan Keegan.
FRO cut to Reduce at UBS.
HAL raised to Outperform at Credit Suisse.
HDB started as Buy at Jefferies.
IBN started as Buy at Jefferies.
NATI raised to Overweight at Thomas Weisel.
NDN raised to Buy at Deutsche Bank.
PPDI cut to Hold at Jefferies.
RCL raised to Overweight at JPMorgan.
RNOW started as Hold at Cantor Fitzgerald.
RSH cut to Sell at B of A.
SEB raised to Buy at Jefferies.
SWK started as Neutral at B of A.
SWY raised to Equal Weight at Lehman.
VRSN raised to Buy at Jefferies.
VSCN cut to Mkt Perform at FBR.
WON cut to Sell at Citigroup.
ZBRA raised to Overweight at Thomas Weisel.

Jon C. Ogg
July 13, 2007

Posted on: July 13, 2007 – 6:43 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , ,