Expansion Strategies Lead to Renewed Outlook - Research Report on Costco Wholesale Corporation, Dicks Sporting Goods, Cabela's, Coinstar, Penske Automotive Group
NEW YORK, March 14, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Costco Wholesale Corporation (NASDAQ: COST), Dicks Sporting Goods Inc (NYSE: DKS), Cabela's Inc (NYSE: CAB), Coinstar, Inc. (NASDAQ: CSTR) and Penske Automotive Grop, Inc. (NYSE: PAG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Costco Wholesale Corporation Research Report
Costco pleased investors with its second quarter fiscal 2013 results, reporting that net sales increased eight percent to $24.34 billion. Furthermore, net sales for the first half of the fiscal year increased nine percent to $47.55 billion. Rise in membership fees and improved sales of discretionary items drove growth in the company's top line as consumers sought for commodities at discounted prices. Additionally, the company's diversified product range allows it to provide a better shopping experience for its customers, leading to higher market share and membership renewals. Going forward, Costco plans to open new warehouse clubs in domestic and international markets to drive growth. The Full Research Report on Costco Wholesale Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/9e4f_COST]
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Dicks Sporting Goods Inc Research Report
Dicks Sporting Goods' revenue climbed 12 percent to $1.81 billion for the fourth quarter of 2012. The company's sales online significantly contributed to the increase. Following the company's report, Citi analyst Kate McShane reiterated the firm's Buy rating and noted, "We think management is taking the right steps to invest in long-term growth while also continuing to provide best-in-class execution to manage near-term retail pressures." At present, Dicks Sporting Goods is updating new stores and building new ones. It recently announced its new Field & Stream Specialty Store concept, which will specialize in equipment for hunting, fishing, archery, camping and other outdoor activities. Analysts are optimistic about this investment, saying that this strategy will eventually pay off in the long run. The Full Research Report on Dicks Sporting Goods Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/cc81_DKS]
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Cabela's Inc Research Report
Shares of Cabela's jumped 13 percent after the outdoor merchandise retailer raised its first quarter guidance. The company issued a new EPS guidance of 10 to 15 cents for the first quarter, citing that sales have been strong in most of it segments in recent months. Improvements can also be seen in both the company's retail and direct channels. Demand for firearms triggered strong sales last quarter, and many analysts expect that this is still the reason for strong sales in the recent months. Going forward, the company will review its retail square-footage expansion plans, add enhancements to its loyalty program, optimize its e-commerce capabilities and further improve its Cabela's brand products. With a stronger guidance driven by strong sales, many are optimistic about Cabela's future performance. The Full Research Report on Cabela's Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/4a38_CAB]
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Coinstar, Inc. Research Report
Coinstar recently expanded the features available on Coinstar kiosks. The new feature enables consumers to withdraw or deposit coins and paper currency from their PayPal account, as well as send money to other accounts. The new feature will be offered this month in Texas, North California and Ohio. More kiosks will also be added the same feature throughout the year. Coinstar charges $3 for every transaction. This is in line with the company's strategy of offering new uses for its vending machines in order to increase transactions and double revenue to $4 billion in the next five years. By expanding the features of Coinstar kiosks, the company strengthens its core business and assures its continued growth. The Full Research Report on Coinstar, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/c4ee_CSTR]
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Penske Automotive Grop, Inc. Research Report
Penske's shares ticked up after the company announced that it acquired the assets and franchise rights to become the operator of 20 Hertz rental car locations in certain parts of Indiana, including Ft. Wayne, South Bend and Indianapolis. According to Bud Denker, President of the Penske Car Rental Operations, this will allow the company to begin to scale its operations and help Hertz accelerate its growth in a key market. Aside from this, Penske has expanded its global presence by completing acquisitions in Northern Ireland and Italy. In the long-term, analysts expect Penske to benefit from these expansions as well as its diversified offerings. The Full Research Report on Penske Automotive Grop, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/315d_PAG]
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SOURCE Investors-Alliance
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