NEW YORK, July 12, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Sotheby's (NYSE: BID), Signet Jewelers Limited (NYSE: SIG), Five Below, Inc. (NASDAQ: FIVE), Saks Incorporated (NYSE: SKS), and Watsco Inc. (NYSE: WSO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Sotheby's Research Report
On July 8, 2013, Sotheby's (Sotheby's) announced that a recent global competition has transformed Sotheby's London sales as the Company led across categories with season total sales of $445.6 million. The following observations were made by Sotheby's: Participants came from 75 countries; one in six buyers came from Asia, Russia and the Middle East; one in six buyers were new to Sotheby's; and 30% of the buyers were transacting in a new auction category. Chairman of Sotheby's International, Robin Woodhead, said, "We are operating in a dynamic new world, in which collectors from a third of the countries around the globe are transacting at Sotheby's, seeking out the best the market has to offer. Art lovers from Latin America, Russia, Asia and the Middle East have been active in our global sales for some time now, but this season in London we have seen them engaging at an entirely new level." 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.wsreports.com/r/full_research_report/a511_BID]
Signet Jewelers Limited Research Report
On July 9, 2013, Signet Jewelers Limited (Signet) announced that Rob Anderson, CEO of Signet's UK division, intends to leave the Company at the end of July, 2013, and that Sebastian Hobbs has been promoted to the new position of Managing Director for the UK division, effective immediately. Signet informed that Mr. Hobbs will be reporting to the Company's CEO, Mike Barnes. Mike Barnes said, "I am pleased to announce the promotion of Seb to Managing Director of our UK division. Seb has made important contributions to our UK division, and we believe his experience in UK retailing and strategy make him a perfect fit for this role. I also want to thank Rob Anderson for his 13 years of dedicated service to Signet's UK division." The Full Research Report on Signet Jewelers Limited - Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/520e_SIG]
Five Below, Inc. Research Report
On June 26, 2013, Five Below, Inc. (Five) announced the pricing of its secondary offering of 6 million shares of its common stock at a public offering price of $36.00 per share. All of the shares are offered by selling shareholders that includes certain members of Five's management team and the affiliates of certain members of the Company's Board of Directors. Five said that the selling shareholders have authorized the underwriters a 30day option, which will enable them to purchase an additional 900,000 shares of common stock. The Company will not receive any proceeds from the sale of shares in this said offering. Five informed that Goldman, Sachs & Co., Barclays Capital Inc., Jefferies LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc., are acting as joint book-running managers of the offering and UBS Securities LLC and Wells Fargo Securities, LLC, are acting as co-managers of the offering. The Full Research Report on Five Below, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3eb8_FIVE]
Saks Incorporated Research Report
On July 9, 2013, Saks Incorporated (Saks) announced of its plans to open a new store in Atlanta, Georgia on July 18, 2013. The store will be located in the Outlet Shoppes of Atlanta at Woodstock. According to Saks, the new store, with approximately 28,000 square feet of space, will offer world renowned designer brands at value prices to the public. "The store's "luxury-in-a-loft" design will offer the community a deluxe shopping environment with a great selection of the latest designer fashion at an extraordinary value," said Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH. To celebrate the opening of the new store, Saks Fifth Avenue OFF 5TH will host an exclusive event for shoppers from July 18, 2013 until July 21, 2013. The Full Research Report on Saks Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2e2e_SKS]
Watsco Inc. Research Report
On July 2, 2013, Watsco Inc. (Watsco) announced that it has refinanced its existing $500 million unsecured revolving credit agreement. Watsco explained that the borrowings under the credit agreement bear interest at different rates, which depend on the types of advances or loans that the Company selects. As a result of this amendment, the spread on its available borrowing rates (LIBOR-based primarily) have been decreased to show lower pricing. Further, the amendment includes improved covenant flexibility to reflect the seasonal nature of the Company's working capital requirements. Watsco also informed that the maturity date under this amended credit facility was extended from April 27, 2017, to July 1, 2018 while all other major terms under the facility remained unchanged. The Company said that it uses proceeds under the facility for working capital needs, acquisitions, dividends and other general corporate purposes. The Full Research Report on Watsco Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c2dc_WSO]
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SOURCE Wall Street Reports