Discount, Variety Stores Stocks under Scanner -- Costco Wholesale, Burlington Stores, Ollie's Bargain Outlet, and Big Lots
NEW YORK, January 9, 2017 /PRNewswire/ --
Today's attention is directed to the Discount Variety Stores space which retails general merchandise such as apparel, automotive parts, dry goods, hardware, groceries, and home furnishings. Typically, companies retail these goods at discounted prices. The industry does not include department stores, warehouse clubs, or grocery stores. Pre-market, Stock-Callers.com has issued trade alerts on Costco Wholesale Corp. (NASDAQ: COST), Burlington Stores Inc. (NYSE: BURL), Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI), and Big Lots Inc. (NYSE: BIG). You can access our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
Costco Wholesale
Washington-based Costco Wholesale Corp.'s stock saw a slight drop of 0.05%, finishing last Friday's trading session at $162.83. A total volume of 2.17 million shares was traded. The Company's shares have gained 7.83% in the last month, 9.27% over the previous three months, and 1.70% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.80% and 5.27%, respectively. Additionally, shares of Costco Wholesale, which together with its subsidiaries, operates membership warehouses, have a Relative Strength Index (RSI) of 68.97.
On January 04th, 2017, Costco Wholesale reported net sales of $13.07 billion for the month of December the five weeks ended January 01st, 2017, an increase of 5% from $12.46 billion during the similar period last year. For the eighteen weeks ended January 01st, 2017, the Company reported net sales of $43.18 billion, an increase of 4% from $41.66 billion during the similar period last year.
On January 05th, 2017, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $170 a share to $180 a share. Visit us today and download your complete report on COST for free at:
http://stock-callers.com/registration/?symbol=COST
Burlington Stores
Shares in New Jersey-based Burlington Stores Inc. ended at $85.35, down 2.04% from the last trading session. The stock recorded a trading volume of 1.12 million shares. The Company's shares have advanced 6.71% in the previous three months and 0.71% since the start of this year. The stock is trading 4.13% and 18.70% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Burlington Stores, which operates as a retailer of branded apparel products in the US, have an RSI of 52.05.
On December 09th, 2016, Burlington Stores announced that Frank Cooper, III resigned from the Board of Directors, effective December 05th, 2016. Mr. Cooper has joined BlackRock, Inc., and in his new position will not be serving on public company's boards. He had joined Burlington's Board of Directors in September 2014.
On January 06th, 2017, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, with a target price of $107 per share. The complimentary research report on BURL can be accessed at:
http://stock-callers.com/registration/?symbol=BURL
Ollie's Bargain Outlet
On Friday, shares in Pennsylvania headquartered Ollie's Bargain Outlet Holdings Inc. recorded a trading volume of 500,533 shares. The stock declined 1.59%, closing the day at $27.85. The Company's shares have gained 3.53% in the previous three months. The stock is trading 5.06% above its 200-day moving average. Additionally, shares of Ollie's Bargain Outlet Holdings, which operates as a merchandise retailer of various brand name products, have an RSI of 40.61.
On December 07th, 2016, Ollie's announced that net sales increased 15.7% to $202.0 million in Q3 2016 from $174.6 million in Q3 2015. The Company opened 16 stores in the reported quarter and ended the quarter with 232 stores compared to 200 stores at the end of Q3 2015. The Company's operating income increased 33.8% to $18.6 million in Q3 2016 from $13.9 million in Q3 2015. Ollie's net income surged 54.7% to $10.5 million, or $0.17 per diluted share, in Q3 2016 from $6.8 million, or $0.11 per diluted share, in Q3 2015. Register for free on Stock-Callers.com and download the PDF research report on OLLI at:
http://stock-callers.com/registration/?symbol=OLLI
Big Lots
At the close, shares in Ohio headquartered Big Lots Inc. recorded a trading volume of 1.17 million shares, which was above their three months average volume of 968,450 shares. The stock finished the session 0.79% lower at $49.19. The Company's shares have gained 5.33% in the previous three months. The stock is trading above its 200-day moving average by 0.87%. Furthermore, shares of Big Lots, which through its subsidiaries, operates as a non-traditional, discount retailer in the US, have an RSI of 41.61.
As per a SEC filing dated December 07th, 2016, David J. Campisi, Big Lots' President and CEO, entered into a 10b5-1 Plan on December 07th, 2016, providing for a third-party broker to sell common shares of the Company that Mr. Campisi may acquire if stock units awarded Mr. Campisi are vest, which is anticipated to occur in March of 2017. Get free access to your research report on BIG at:
http://stock-callers.com/registration/?symbol=BIG
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected] . Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article