Grants, Investor Conferences, Growth in Profits, New Exhibitions, and Cash Distribution from Investments - Research Report on Kohl's, Nordstrom, Sally Beauty, Sotheby's, and OfficeMax
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NEW YORK, August 7, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Kohl's Corporation (NYSE: KSS), Nordstrom, Inc. (NYSE: JWN), Sally Beauty Holdings, Inc. (NYSE: SBH), Sotheby's (NYSE: BID), and OfficeMax Incorporated (NYSE: OMX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Kohl's Corporation Research Report
On July 31, 2013, Kohl's Corporation (Kohl's), through its Kohl's Cares Scholarship Program, presented its 10 national winners. According to Kohl's, each of the winners is in the age group 8-17 yrs received $10,000 in scholarships for higher education. The Company also informed that apart from this scholarship Kohl's will also donate $1,000 per winner to a nonprofit organization of their choice. According to Kohl's, the winners for the program were: Paige Alenick, 17, Woodcliff Lake, New Jersey; Matt Benjamin, 15, Tulsa, Oklahoma; Nicolas Curley, 8, Chicago, Illinois; Jayci Derby, 12, San Antonio, Texas; Adrianna Gonzalez, 11, Kissimmee, Florida; Garland Jones, 17, Marietta, Georgia; Nur Kose, 14, Newark, Delaware; Nicholas Lowinger, 15, Cranston, Rhode Island; Sonali Ranaweera, 12, Los Angeles, California; and Jessica Streepy, 12, Palatine, Illinois. Kohl's, reportedly, chose winners based on initiative, leadership, generosity and project benefits and outcome. The Full Research Report on Kohl's 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/0e40_KSS]
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Nordstrom, Inc. Research Report
On August 1, 2013, Nordstrom, Inc. (Nordstrom) announced that it will release its Q2 2013 results and 2013 outlook on Thursday, August 15, 2013, in after market hours. Nordstrom informed that a 45-minute conference call, hosted by Nordstrom's senior management, will follow at 4:45 p.m. ET on the same day. The call will be available to access via phone and audio webcast. 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]
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Sally Beauty Holdings, Inc. Research Report
On August 1, 2013, Sally Beauty Holdings, Inc. (SBH) released Its Q3 FY 2013 results (period ended June 30, 2013). Net sales were up 2.8% YoY to $912.1 million, primarily attributable to the addition of new stores which added 150bps of sales growth. Gross profit was up 2.9% YoY to $457.1 million. Net earnings stood at $72.5 million or $0.42 per diluted share, compared to $69.5 million or $0.37 million in Q3 FY 2012. Gary Winterhalter, Chairman, President and CEO, said, "Our fundamental business drivers are solid and we remain confident in the long term health of our business. During the third quarter, customer traffic at our BSG and Sally International businesses was healthy; however, store traffic from the non-Beauty Club Card customer in the Sally U.S. business was soft. We've launched several initiatives specifically to address this customer and remain optimistic that traffic will recover over the next few months. On a consolidated basis, we improved SG&A leverage by 50 basis points and grew earnings per share by 13.5%. During the third quarter, we purchased $94 million or 3.1 million shares of our stock. As of the end of June we had $559 million remaining on our current authorization." The Full Research Report on Sally Beauty Holdings, 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/4af3_SBH]
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Sotheby's Research Report
On August 1, 2013, Sotheby's announced the selling exhibition for Alexander Calder: Works on Paper from 1930-1976. According to Sotheby, the exhibit will run from August 15, 2013 to September 13, 2013 at the S|2 galleries in New York. Sotheby's stated that this will be its fifth exhibition to focus on a single artist following those dedicated to Sam Francis, Keith Haring, Yayoi Kusama and Jean-Michel Basquiat. The Company reported that the exhibition will be open to the public from Monday through Friday from 10:00 a.m. to 5:00 p.m. or by appointment. The Full Research Report on Sotheby's - 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/a614_BID]
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OfficeMax Incorporated Research Report
On July 31, 2013, OfficeMax Inc. (OfficeMax) announced that it has received a cash distribution of approximately $72 million in relation to the Company's 2004 investment in Boise Cascade Holdings, LLC (BCH). Ravi Saligram, President and CEO of OfficeMax said, "We're pleased to have strengthened our balance sheet by further monetizing this non-core Boise asset. Following the receipt of these proceeds, our BCH investment represents an indirect ownership interest of approximately 3.2 million shares of the common equity of Boise Cascade Company." According to the Company, it holds 20% of BCH's voting equity securities. The Full Research Report on OfficeMax Incorporated - 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/10bd_OMX]
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