NEW YORK, February 15, 2017 /PRNewswire/ --
Stock-Callers.com today revisits the Discount Variety Stores space to see how some stocks are faring. Lined up for assessment are: Costco Wholesale Corp. (NASDAQ: COST), Fred's Inc. (NASDAQ: FRED), Burlington Stores Inc. (NYSE: BURL), and Big Lots Inc. (NYSE: BIG). The Discount Variety Stores industry consists of discount grocery stores as well as other discount retailers. In addition to selling groceries, many of these stores sell small and cheaply priced household items such as scissors, tape, and pencils. Register now and get full and free access to our downloadable research reports on these stocks at:
Issaquah, Washington-based Costco Wholesale Corp.'s shares gained 0.97%, closing Tuesday's trading session at $173.63. The stock recorded a trading volume of 2.24 million shares, which was above its three months average volume of 2.18 million shares. The Company's shares have advanced 7.56% in the last month, 16.56% in the previous three months, and 8.74% on an YTD basis. The stock is trading 7.37% and 11.34% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Costco Wholesale, which together with its subsidiaries, operates membership warehouses, have a Relative Strength Index (RSI) of 75.17.
On February 01st, 2017, Costco Wholesale reported net sales of $9.08 billion for the four weeks ended January 29th, 2017, an increase of 9% from $8.32 billion during the similar period last year. For the twenty-two weeks ended January 29th, 2017, the Company reported net sales of $52.26 billion, up 5% from $49.98 billion during the similar period last year.
On February 10th, 2017, research firm Susquehanna initiated a 'Positive' rating on the Company's stock, with a target price of $192 per share. Access our complete research report on COST for free at:
On Tuesday, shares in Memphis, Tennessee headquartered Fred's Inc. recorded a trading volume of 696,938 shares. The stock edged 3.76% higher, ending the day at $16.01. The Company's shares have surged 68.88% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.95% and 22.83%, respectively. Furthermore, shares of Fred's, which together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies, have an RSI of 62.58.
On February 07th, 2017, research firm Sidoti upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On February 13th, 2017, Fred's Inc. announced three additions to its senior management team. Gregory Froton has been appointed Senior Vice President, Merchandising, General Merchandise; and Kimberley Felice-Dooley has been promoted to Senior Vice President, Merchandising - Consumables, both effective immediately. These appointments follow the recent appointment in December 2016 of Steve Wuebker as Senior Vice President, Supply Chain. The complimentary research report on FRED can be downloaded at:
Burlington, New Jersey-based Burlington Stores Inc.'s stock finished the day 1.03% higher at $86.91 with a total trading volume of 949,608 shares. The Company's shares have gained 2.55% in the last one month, 19.30% over the previous three months, and 2.55% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.59% and 15.10%, respectively. Additionally, shares of Burlington Stores, which operates as a retailer of branded apparel products in the US, have an RSI of 59.52.
On January 18th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On January 20th, 2017, Burlington Stores announced that effective January 30th, 2017, Jennifer Vecchio, the Company's Executive Vice President/Chief Merchandising Officer since May 2015, will be promoted to the newly created role of Chief Merchandising Officer/Principal. Marc Katz, the Company's Executive Vice President and Chief Financial Officer since January 2015, will be promoted to Chief Financial Officer/Principal. Fred Hand, the Company's Executive Vice President of Stores since February 2008, will be promoted to the newly created role of Chief Customer Officer/Principal. Register for free on Stock-Callers.com and get access to the latest PDF format report on BURL at:
Shares in Columbus, Ohio headquartered Big Lots Inc. ended yesterday's session 0.91% higher at $52.01. The stock recorded a trading volume of 1.50 million shares, which was above its three months average volume of 1.00 million shares. The Company's shares have advanced 3.07% in the last one month, 3.88% in the previous three months, and 3.58% on an YTD basis. The stock is trading 1.16% above its 50-day moving average and 5.24% above its 200-day moving average. Moreover, shares of Big Lots, which through its subsidiaries, operates as a non-traditional, discount retailer in the US, have an RSI of 55.18.
On February 10th, 2017, research firm Susquehanna initiated a 'Neutral' rating on the Company's stock, with a target price of $55 per share. Download your free research report on BIG at:
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