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Showing posts with label TJX. Show all posts
Showing posts with label TJX. Show all posts
Friday, December 14, 2012
Investopedia: Pier 1 Continues To Perform At A High Level
It's a beautiful thing when a company makes the transition from turnaround to good operator, and home furnishings retailer Pier 1 (NYSE:PIR)
seems to be doing exactly that. Comp growth continues to impress,
margins are looking good and the company has several initiatives
underway that should drive higher sales and/or margins. I wouldn't be in
any hurry to leave this party were I already in the room, but new
investors might want to consider the valuation today before diving in
with their own money.
Continue reading here:
http://www.investopedia.com/
Continue reading here:
http://www.investopedia.com/
Thursday, May 26, 2011
Investopedia: Collective Brands Might Be Worth The Wait
In most respects, these are pretty good days to be in value-oriented retail. Companies like Family Dollar (NYSE:FDO), Ross Stores (Nasdaq:ROSS) and TJX (NYSE:TJX) all are seeing their stocks trade near 52-week highs, and analyst estimates have been an upward match.
That stands in pretty sharp comparison to the shoe sector, where leading value-oriented companies like Brown Shoe (NYSE:BWS) and Collective Brands (NYSE:PSS) (owner of Payless and Stride Rite) are struggling. With Collective Brands reporting a very disappointing first quarter, it is worth asking whether there is something fundamentally different about the shoe business, or whether the absence of institutional demand for these stocks makes for a buying opportunity for value investors.
A Tough Quarter for Several Reasons
Collective Brands announced that revenue for the fiscal first quarter fell a bit more than 1%, which is not so bad until it's considered that the company missed the average estimate by about 5%. Although the company's very profitable PLG Wholesale business saw revenue rise almost 23%, overall company results were hurt by a 9% drop in domestic Payless revenue (which was fueled by a greater than 8% drop in same-store comps). International sales were also weak, as poor performance in Canada pushed the Payless international revenue down by almost 3%.
Continue to the full piece via the link below:
http://stocks.investopedia.
That stands in pretty sharp comparison to the shoe sector, where leading value-oriented companies like Brown Shoe (NYSE:BWS) and Collective Brands (NYSE:PSS) (owner of Payless and Stride Rite) are struggling. With Collective Brands reporting a very disappointing first quarter, it is worth asking whether there is something fundamentally different about the shoe business, or whether the absence of institutional demand for these stocks makes for a buying opportunity for value investors.
A Tough Quarter for Several Reasons
Collective Brands announced that revenue for the fiscal first quarter fell a bit more than 1%, which is not so bad until it's considered that the company missed the average estimate by about 5%. Although the company's very profitable PLG Wholesale business saw revenue rise almost 23%, overall company results were hurt by a 9% drop in domestic Payless revenue (which was fueled by a greater than 8% drop in same-store comps). International sales were also weak, as poor performance in Canada pushed the Payless international revenue down by almost 3%.
Continue to the full piece via the link below:
http://stocks.investopedia.
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