Financial Results, Stock Price Movements, and New Store Openings - Research Report on Macy's, Home Depot, Lowe's, Nordstrom, and Costco
NEW YORK, November 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Macy's Inc. (NYSE: M), The Home Depot, Inc. (NYSE: HD), Lowe's Companies, Inc. (NYSE: LOW), Nordstrom, Inc. (NYSE: JWN) and Costco Wholesale Corporation (NASDAQ: COST). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Macy's Inc. Research Report
On November 13, 2013, Macy's Inc. (Macy's) reported its Q3 FY 2013 financial results (period ended November 2, 2013). The Company's net sales increased 3.3% YoY to $6.3 billion during the quarter. Net income was $177 million or $0.47 per diluted share in Q3 FY 2013 compared to $145 million or $0.36 per diluted share in Q3 FY 2012. Commenting on the results, Terry J. Lundgren, Chairman, President and CEO of Macy's said, "We were able to achieve a very successful third quarter of 2013, despite the tepid economic climate. This was our 15th consecutive quarter of improved earnings per share. Comparable sales rose by 3.5 percent in the quarter and, together with sales from departments licensed to third parties, were up 4.6 percent. Our improved sales performance resulted from continued success in the execution of our key strategies - My Macy's localization, Omnichannel integration and Magic Selling customer engagement. In addition, business in the third quarter benefitted from intensified marketing strategies to emphasize the outstanding value in our merchandise deliveries. Both Macy's and Bloomingdale's performed well in the quarter, and we saw improvement in the sales trend in every region of the country compared with the spring season." For full-year FY 2013, the Company anticipates comparable sales to increase in the range of 2% to 2.9% and diluted EPS to be in the range of $3.80 to $3.90.The Full Research Report on Macy's Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/b69d_M
--
The Home Depot, Inc. Research Report
On November 13, 2013, The Home Depot, Inc.'s (Home Depot) stock rose 1.86%, ending the day at $77.60. Over the previous three trading sessions, shares of Home Depot gained 2.81% compared to the S&P 500 which gained 0.64% during the same period. The Full Research Report on The Home Depot, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/127f_HD
--
Lowe's Companies, Inc. Research Report
On November 13, 2013, Lowe's Companies, Inc.'s (Lowe's) stock rose 2.31%, ending the day at $51.28. Over the previous three trading sessions, shares of Lowe's gained 5.25% compared to the S&P 500 which gained 0.64% during the same period. The Full Research Report on Lowe's Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/b4cd_LOW
--
Nordstrom, Inc. Research Report
On November 11, 2013, Nordstrom Inc. (Nordstrom) announced its plans to open a Nordstrom Rack at Magnolia Park in Greenville, South Carolina. The Company stated that the approximately 32,000-square-foot store of Nordstrom Rack will open in fall 2014. According to the Company, Nordstrom Rack is its off-price retail division, offering customers on-trend apparel, accessories and shoes at an everyday savings of 30% to 70% off regular prices. The Company added that Nordstrom Rack carries items from Nordstrom stores and Nordstrom.com, in addition to specially purchased items from brands sold at Nordstrom. According to the Company, Magnolia Park is being developed by Menin Development, Inc. Geevy Thomas, President of Nordstrom Rack, said, "We're thrilled to have this opportunity to bring a Nordstrom Rack closer to home for customers in South Carolina. Magnolia Park is an excellent location and we look forward to earning the business of customers there when we open our doors next fall." The Full Research Report on Nordstrom, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/7e7a_JWN
--
Costco Wholesale Corporation Research Report
On November 7, 2013, Costco Wholesale Corporation (Costco) reported its October 2013 sales results (four weeks ended November 3, 2013). The Company's net sales during the month increased 6.4% YoY to $8.2 billion and total Company comparable sales were 6%, excluding negative impacts from gasoline price deflation and foreign exchange. For the nine weeks ended November 3, 2013, the Company's net sales increased 5.9% YoY to $18.0 billion. 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.analystscorner.com/r/full_research_report/faed_COST
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is 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 by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts' Corner
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article