Spin-offs, Stock Splits, Charity Events, Legal Settlements, and Financial Results - Research Report on Murphy USA, Tractor Supply, Sotheby's, Zale, and Zumiez
NEW YORK, September 12, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Murphy USA Inc. (NYSE: MUSA), Tractor Supply Company (NASDAQ: TSCO), Sotheby's (NYSE: BID), Zale Corporation (NYSE: ZLC), and Zumiez Inc. (NASDAQ: ZUMZ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Murphy USA Inc. Research Report
On August 30, 2013, Murphy Oil Corporation (Murphy Oil) announced the completion of the spin-off of its US retail marketing business into an independent public company called Murphy USA Inc. (Murphy USA). The Company informed that the spin-off was achieved through the distribution to Murphy Oil's shareholders of one share of Murphy USA common stock for every four shares of Murphy Oil stock held at the close of business on the record date of August 21, 2013. "Murphy USA is well-positioned with a strong management team and business plan to be a successful independent company," said Steve Cosse, President and CEO of Murphy Oil. "Following the spin-off, Murphy Oil will move forward, under the leadership of Roger Jenkins, as a focused exploration and production company with a strong portfolio of global assets." On September 3, 2013, Murphy USA common stock started regular-way trading on the NYSE under the ticker symbol MUSA. The Full Research Report on Murphy USA Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c223_MUSA]
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Tractor Supply Company Research Report
On August 29, 2013, Tractor Supply Company (Tractor Supply) announced that its Board of Directors has approved a two-for-one stock split of its common stock. According to the Company, Stockholders of record as of September 18, 2013 will receive one additional share of Tractor Supply common stock for every share of the Company's common stock owned on that date, with the additional shares expected to be distributed on September 26, 2013. Jim Wright, Executive Chairman of Tractor Supply said, "This stock split will make our stock more affordable to investors, including our customers and team members and is intended to increase the liquidity and accessibility of our stock. This represents our fourth two-for-one split since 2002." The Full Research Report on Tractor Supply Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a5b5_TSCO]
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Sotheby's Research Report
On September 9, 2013, Sotheby's (Sotheby's) announced that Sir Jonathan Ive, KBE and Marc Newson, CBE have collaborated with musician and philanthropist, Bono, to organize a (RED) Auction to celebrate the masterworks of design and innovation. The Company informed that collections curated by the legendary designers will be sold at Sotheby's New York on November 23, 2013 and the proceeds from the sale will benefit The Global Fund to fight AIDS, Tuberculosis, and Malaria. Commenting on the auction, Oliver Barker, Deputy Chairman of Sotheby's Europe said, "This is a once-in-a-lifetime opportunity to acquire objects of singular design excellence and innovation, and simultaneously raise much needed funds for the fight against AIDS." 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.analystscorner.com/r/full_research_report/a614_BID]
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Zale Corporation Research Report
On September 6, 2013, Zale Corporation (Zale) and Sterling Jewelers Inc. (Sterling Jewelers) announced that they have agreed to a negotiated resolution with respect to a lawsuit pending in the US District Court for the Northern District of Ohio, which will go into full force and effect as of March 1, 2014. The Companies stated that the details regarding the settlement were confidential and will not be disclosed. The Full Research Report on Zale Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8445_ZLC]
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Zumiez Inc. Research Report
On September 5, 2013, Zumiez Inc. (Zumiez) reported its Q2 FY 2013 financial results (period ended August 3, 2013). In Q2 FY 2013, the Company's total net sales increased 16.9% YoY to 157.9 million. In Q2 FY 2013, net income came in at $4.7 million, or $0.16 per diluted share, compared with $2.1 million, or $0.07 per diluted share, in Q2 FY 2012. Reflecting on the quarter's performance, Rick Brooks, CEO of Zumiez said, "We are pleased with our second quarter earnings results in what proved to be a challenging retail environment. We believe we have compelling merchandise assortments and our efforts to enhance our omni-channel capabilities are yielding positive gains." The Full Research Report on Zumiez Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ff02_ZUMZ]
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