Today’s pre-market research brings us back to the U.S. Specialty Retailing industry, which continues to benefit from a rebounding economy, a solid labor market, lower energy prices, and rising home values. Stocks under evaluation on Stock-Callers.com are The Michaels Cos. Inc. (NASDAQ: MIK), ZAGG Inc. (NASDAQ: ZAGG), Barnes & Noble Inc. (NYSE: BKS), and Five Below Inc. (NASDAQ: FIVE). Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration
The Michaels Cos.
Irving, Texas headquartered The Michaels Cos. Inc.’s shares fell 0.39%, closing Tuesday’s trading session at $25.34. The stock recorded a trading volume of 514,262 shares. The Company’s shares have advanced 14.61% on an YTD basis. The stock is trading 1.01% above its 200-day moving average. Additionally, shares of The 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 a Relative Strength Index (RSI) of 40.06.
On July 19th, 2016, research firm JP Morgan downgraded the Company’s stock rating from ‘Overweight’ to ‘Neutral’. The research firm also revised downwards its previous target price from $33 to $30.
On August 11th, 2016, Michaels Cos. announced that it will report Q2 results on August 25th, 2016, before the opening of financial markets. In connection with the announcement, the company will host a conference call at 8:00 a.m. CT on the same day to discuss the financial and operational results. The free research report on MIK is available at: http://stock-callers.com/registration/?symbol=MIK
On Tuesday, shares in Midvale, Utah headquartered ZAGG Inc. recorded a trading volume of 487,733 shares. The stock dropped 1.75%, ending the day at $7.28. The Company’s shares have advanced 10.14% in the last month and 30.70% in the previous three months. The stock is trading above its 50-day moving average by 21.10%. Furthermore, shares of ZAGG, which together with its subsidiaries, designs, manufactures, and distributes product solutions for mobile devices, have an RSI of 61.43.
On August 2nd, 2016, ZAGG reported that net sales for Q2 grew 50% to $99.8 million compared to $66.7 million, primarily due to sales from mophie of $32.0 million, increased sales of screen protection products, and an increase in online sales. The company recorded a net loss for the reported quarter of $(1.0) million and loss per share of $(0.04) (on 28.1 million shares) compared to net income of $3.7 million and earnings of $0.12 (on 29.8 million shares) in the year ago period. The complimentary report on ZAGG can be downloaded at: http://stock-callers.com/registration/?symbol=ZAGG
Barnes & Noble
New York-based Barnes & Noble Inc.’s stock finished the day 1.04% lower at $13.38 and with a total volume of 312,180 shares traded. The Company’s shares have gained 6.02% in the last one month, 22.09% in the previous three months, and 60.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 10.44% and 22.48%, respectively. Additionally, shares of Barnes & Noble, which operates as a content and commerce company in the US, have an RSI of 63.32.
On August 16th, 2016, The Board of Directors of Barnes & Noble announced the departure of its Chief Executive Officer, Ronald D. Boire. The Board determined that Mr. Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company. The company also said that its Executive Chairman, Leonard Riggio, who was scheduled to retire at the close of the Company’s Annual Meeting on September 14th, will postpone his retirement until a later date. The Company will immediately begin an executive search for a new CEO. Mr. Riggio, along with other members of the executive management team, will assume Mr. Boire’s duties. Visit us today and download our complete research report on BKS for free at: http://stock-callers.com/registration/?symbol=BKS
Shares in Philadelphia, Pennsylvania headquartered Five Below Inc. ended yesterday’s session 2.20% lower at $47.60. The stock recorded a trading volume of 1.14 million shares, which was above their three months average volume of 830,470 shares. The Company’s shares have advanced 23.99% in the previous three months and 48.29% on an YTD basis. The stock is trading 22.32% above its 200-day moving average. Moreover, shares of Five Below, which operates as a specialty value retailer in the US, have an RSI of 42.88. Get free access to your technical report on FIVE at: http://stock-callers.com/registration/?symbol=FIVE
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