NEW YORK, March 3, 2017 /PRNewswire/ --
Specialty Retail is a highly fragmented industry that consists of automotive, specialty stores, and fuel retailing. The segment is dependent upon macroeconomic factors such as GDP, disposable income, and consumer spending. This morning, Stock-Callers.com presents for review these four stocks: Pier 1 Imports Inc. (NYSE: PIR), The Michaels Cos. Inc. (NASDAQ: MIK), Sally Beauty Holdings Inc. (NYSE: SBH), and Tractor Supply Co. (NASDAQ: TSCO). Download the free research reports on these stocks today:
Pier 1 Imports
Fort Worth, Texas headquartered Pier 1 Imports Inc.'s shares rose 2.20%, finishing Thursday's trading session at $6.96. A total volume of 1.87 million shares was traded. Over the previous three months, the stock has advanced 18.14%. The Company's shares are trading above their 200-day moving average by 22.94%. Moreover, 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 42.76.
On February 07th, 2017, Pier 1 Import reiterated its financial guidance for Q4 and full fiscal year ending February 25th, 2017. For Q4 FY17, the Company continues to expect adjusted earnings in the range of $0.28 per share and $0.32 per share and comparable-store sales ranging from negative 1% to positive 1%. The Company stated that it will provide formal guidance for FY18 when it will report Q4 FY17 and FY17 financial results in April. See our free and comprehensive research report on PIR at:
On Thursday, shares in Irving, Texas headquartered The Michaels Cos. Inc. recorded a trading volume of 1.24 million shares, and ended the session 0.49% higher at $20.41. The stock has gained 3.76% in the last one month. The Company's shares are trading 1.29% below their 50-day moving average. Furthermore, 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 49.51.
On March 02nd, 2017, Sequential Brands Group, Inc. and Michaels Cos. announced a new, multi-year partnership for the Martha Stewart Crafts[TM] brand. Under the new agreement, Martha Stewart Crafts will be conceived and designed by Martha Stewart and exclusively manufactured and distributed through Michaels' premier wholesaler Darice. MIK free research report PDF is just a click away at:
Shares in Denton, Texas headquartered Sally Beauty Holdings Inc. closed at $21.99, up 0.64% from the last trading session. The stock recorded a trading volume of 1.93 million shares. The Company's shares are trading 10.68% below their 50-day moving average. Additionally, 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 35.19.
On February 02nd, 2017, Sally Beauty announced that consolidated net sales were $999.6 million in Q1 FY18, up 0.2% on a y-o-y basis. The Company's gross margin for Q1 FY17 was 49.2%, a decline of 30 basis points from Q1 FY16 due to unfavorable product and customer mix shift, lower vendor allowances and higher promotions than the prior year. Sally Beauty' net earnings were $55.8 million for Q1 FY17, up 32.2% compared to reported net earnings of $42.2 million in Q1 FY16. The Company's cash flow from operations was $90.5 million in Q1 FY17 compared to $69.1 million in Q1 FY16, reflecting an increase of $21.3 million.
On February 06th, 2017, research firm B. Riley & Co. reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $29 a share to $26 a share. Sign up for your complimentary report on SBH at:
At the closing bell yesterday, shares in Brentwood, Tennessee-based Tractor Supply Co. ended 0.93% higher at $72.59. A total volume of 2.21 million shares was traded, which was above their three months average volume of 1.64 million shares. The stock is trading below its 50-day moving average by 2.29%. Furthermore, shares of Tractor Supply, which operates rural lifestyle retail stores in the US, have an RSI of 49.14.
On February 03rd, 2017, research firm SunTrust downgraded the Company's stock rating from 'Buy' to 'Hold'.
On February 09th, 2017, Tractor Supply announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of the Company's common stock. The dividend will be paid on March 14th, 2017, to stockholders of record as of the close of business on February 27th, 2017. Register for free on Stock-Callers.com and download the latest research report on TSCO at:
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