Strategic Acquisitions, Upcoming Earnings Release, Market Expansions, and Dividends - Research Report on Advance Auto Parts, Michael Kors, Tractor Supply, Chico's FAS, and Finish Line
NEW YORK, October 21, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Advance Auto Parts Inc. (NYSE: AAP), Michael Kors Holdings Ltd. (NYSE: KORS), Tractor Supply Company (NASDAQ: TSCO), Chico's FAS Inc. (NYSE: CHS), and The Finish Line Inc. (NASDAQ: FINL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Advance Auto Parts Inc. Research Report
On October 16, 2013, Advance Auto Parts Inc. (Advance Auto Parts) announced that it has entered into a definitive agreement to acquire General Parts International, Inc. (GPII) in an all-cash transaction with an enterprise value of $2.04 billion. The Company informed that the transaction has been approved by the boards of directors of both the Companies. Darren Jackson, CEO of Advance Auto Parts, commented, "We believe the combination of the two companies is a great fit and the synergy of GPII's assets with our capabilities will allow us to capitalize on market opportunities that will create value for our shareholders and provide even better service to our customers." The Company stated that the transaction would create the largest automotive aftermarket parts provider in North America, with annual sales of over $9.2 billion. According to the Company, Advance Auto Parts expects that the transaction to result in c.$160 million of annual run-rate synergies to be fully realized within three years after closing, and further expects to generate considerable free cash flow as well as deliver significant estimated FY 14 Cash EPS accretion of more than 20% excluding one-time costs to achieve synergies. The Full Research Report on Advance Auto Parts 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/9ee7_AAP]
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Michael Kors Holdings Ltd. Research Report
On October 16, 2013, Michael Kors Holdings Ltd. (Michael Kors) announced that will report its Q2 FY 2014 financial results on Tuesday, November 5, 2013, before market opens. The Company informed that it will also host a conference call to discuss its financial results on the same day at 8:00 a.m. ET. Michael Kors stated that a live webcast of the conference call will be available in the investor relations section of the Company's website, wherein a replay of the call will also made available for 90 days within two hours of completion of the call. The Full Research Report on Michael Kors Holdings Ltd. - 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/07fe_KORS]
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Tractor Supply Company Research Report
On October 16, 2013, Tractor Supply Company (Tractor Supply) announced that the Company will report its Q3 2013 financial results on Wednesday, October 23, 2013 after the market closes. The Company informed that in conjunction with the release, Tractor Supply's management will also host a conference call at 5:00 p.m. ET on the same day. Tractor Supply stated that a live webcast of the call along with its archive version will be available at the Company's website till November 6, 2013. 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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Chico's FAS Inc. Research Report
On October 14, 2013, Chico's FAS Inc. (Chico's FAS) announced its international expansion as White House Black Market's- one of its brands, opens its first Canadian boutique at Yorkdale Shopping Centre, Toronto on October 24, 2013. The Company stated that it will also open its second international location at Square One, Mississauga on October 29, 2013, which will be followed by another opening on November 12, 2013 at Upper Canada Mall, Newmarket. David Dyer, President and CEO of Chico's FAS, said, "We believe Canada is a great first foray into the international arena for Chico's FAS, as it represents a natural extension of our brands. From our robust customer file, we already know that there are a significant number of Chico's FAS customers in Canada." The Full Research Report on Chico's FAS 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/4daf_CHS]
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The Finish Line Inc. Research Report
On October 16, 2013, The Finish Line, Inc. (Finish Line) announced that its Board of Directors has approved a quarterly cash dividend of $0.07 per share of outstanding common stock, which is payable on December 16, 2013 to shareholders of record as of November 29, 2013. The Full Research Report on The Finish Line 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/c7c3_FINL]
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