NEW YORK, January 19, 2017 /PRNewswire/ --
The Specialty Retail industry in the Consumer Discretionary sector includes owners and operators of apparel retail, computer and electronics retail, home improvement retail, specialty stores, automotive retail, and home furnishing retail. Today, Stock-Callers.com brings investors' attention to four equities to see how they fared over the past few trading sessions: Pier 1 Imports Inc. (NYSE: PIR), Tractor Supply Co. (NASDAQ: TSCO), Sally Beauty Holdings Inc. (NYSE: SBH), and The Michaels Cos. Inc. (NASDAQ: MIK). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Pier 1 Imports
On Wednesday, shares in Fort Worth, Texas headquartered Pier 1 Imports Inc. recorded a trading volume of 5.80 million shares, which was above their three months average volume of 2.93 million shares. The stock ended at $7.65, dropping 6.36% from the last trading session. The Company's shares have surged 85.41% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.08% and 38.50%, respectively. Furthermore, shares of Pier 1 Imports, which engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products, have a Relative Strength Index (RSI) of 43.80.
On December 14th, 2016, Pier 1 Imports announced that its Board of Directors has appointed Terry E. London, Chairman, to the position of Interim President and Chief Executive Officer. Mr. London's appointment became effective January 01st, 2017, in conjunction with the planned departure of Alex W. Smith, Pier 1 Imports' current President and CEO on December 31st, 2016.
On January 04th, 2017, research firm Loop Capital initiated a 'Buy' rating on the Company's stock. Visit us today and access our complete research report on PIR at:
Brentwood, Tennessee-based Tractor Supply Co.'s stock finished yesterday's session 1.23% lower at $76.41, with a total trading volume of 1.15 million shares. The Company's shares have gained 0.21% in the last one month, 17.01% over the previous three months, and 0.79% on an YTD basis. The stock is trading above its 50-day moving average by 2.69%. Furthermore, shares of Tractor Supply, which operates rural lifestyle retail stores in the US, have an RSI of 53.95.
On January 13th, 2017, research firm Wedbush upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $65 a share to $85 a share. The complimentary report on TSCO can be downloaded at:
At the closing bell on Wednesday, shares in Denton, Texas headquartered Sally Beauty Holdings Inc. rose 0.15%, ending the day at $26.03. The stock recorded a trading volume of 2.18 million shares, which was higher than its three months average volume of 1.64 million shares. The Company's shares have advanced 0.15% in the previous three months. The stock is trading 2.08% below its 50-day moving average. Moreover, shares of Sally Beauty Holdings, which together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies, have an RSI of 47.11.
On November 15th, 2016, Sally Beauty reported that consolidated net sales for Q4 FY16 were $976.4 million, an increase of 1.3% from Q4 FY15. Consolidated net sales for FY16 were $3.95 billion, an increase of 3.1% from FY15. Sally Beauty's GAAP net earnings were $52.6 million in Q4 FY16 compared to FY15 net earnings of $56.2 million, down 6.3%. In FY16, the Company's GAAP net earnings were $222.9 million compared to FY15 net earnings of $235.1 million. Register for free on Stock-Callers.com and access the latest research report on SBH at:
Irving, Texas headquartered The Michaels Cos. Inc.'s stock ended the day 0.09% lower at $21.60. A total volume of 2.50 million shares was traded, which was above their three months average volume of 1.69 million shares. The Company's shares have gained 5.62% on an YTD basis. The stock is trading 4.11% below its 50-day moving average. Additionally, shares of Michaels Cos., which owns and operates a chain of arts and crafts specialty retail stores under the Michaels and Aaron Brothers names in North America, have an RSI of 51.44.
On December 12th, 2016, Michaels Cos. announced that certain of its stockholders intend to offer for sale 12 million shares of its common stock pursuant to the Company's shelf registration statement filed with the SEC, of which the Company intends to purchase from the underwriter 2 million shares of such common stock. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
On January 17th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'. Get free access to your research report on MIK at:
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