Today, Stock-Callers.com directs investors’ attention to the Specialty Retail segment which contributes about 30% of consumer spending in the US. Retail sales growth is dependent on several factors such as higher wages, more jobs, and improved consumer sentiment. Stocks in focus are: Pier 1 Imports Inc. (NYSE: PIR), Sally Beauty Holdings Inc. (NYSE: SBH), Finish Line Inc. (NASDAQ: FINL), and KAR Auction Services Inc. (NYSE: KAR). Download the free research reports on these stocks today:
Pier 1 Imports
Shares in Fort Worth, Texas headquartered Pier 1 Imports Inc. ended Tuesday’s session at $4.89, which was a decline of 3.36%. The stock recorded a trading volume of 2.03 million shares. The Company’s shares have gained 0.08% since the start of this year. The stock is trading 7.08% below its 50-day moving average. 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 44.94. See our free and comprehensive research report on PIR at:
Sally Beauty Holdings
Denton, Texas headquartered Sally Beauty Holdings Inc.’s stock saw a slight drop of 0.15%, closing the day at $26.45 with a total volume of 1.37 million shares traded. Shares of the Company, which together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies primarily in North America, South America, and Europe, are trading 7.74% below their 200-day moving average. The stock has an RSI of 30.17.
On August 4th, 2016, Sally Beauty reported that consolidated net sales for Q3 FY16 were $998.2 million, an increase of 3.1% from Q3 FY15. The company stated that for Q3 FY16, GAAP net earnings were up 8.7% to $67.9 million, or $0.46 diluted earnings per share, from net earnings of $62.5 million, or $0.39 diluted earnings per share, in the year ago quarter. Adjusted net earnings for Q3 FY16 were up 5.5% to $68.8 million, or $0.47 diluted earnings per share, compared to adjusted net earnings of $65.2 million, or $0.41 diluted earnings per share, for Q3 FY15. SBH free research report PDF is just a click away at:
On Tuesday, Indianapolis, Indiana-based Finish Line Inc.’s stock recorded a trading volume of 438,349 shares and ended the day 2.55% lower at $21.81. The Company’s shares have advanced 0.51% in the past month, 8.77% over the previous three months, and 22.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.57% and 17.16%, respectively. Furthermore, shares of Finish Line, which together with its subsidiaries, operates as a specialty retailer of athletic shoes, apparel, and accessories in the US, have an RSI of 57.70.
On July 14th, 2016, Finish Line announced that its board of directors has declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The quarterly cash dividend will be payable on September 12th, 2016 to shareholders of record as of August 26th, 2016. Additionally, the company’s Board also authorized a new five million share repurchase plan. The new plan will commence upon completion of the current plan which has approximately 600,000 shares remaining.
On July 15th, 2016, research firm Deutsche Bank reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $22 a share to $24 a share. Sign up for your complimentary report on FINL at:
KAR Auction Services
Carmel, Indiana headquartered KAR Auction Services Inc.’s stock saw a slight decline of 0.37%, finishing yesterday’s session at $40.40. A total volume of 1.43 million shares was traded, which was above their three months average volume of 1.15 million shares. The Company’s shares have advanced 2.36% in the previous three months and 10.77% since the start of this year. The stock is trading above its 200-day moving average by 7.53%. Additionally, shares of KAR Auction Services, which together with its subsidiaries, provide vehicle auction services in the US, Canada, Mexico, and the UK, have an RSI of 34.65.
On July 14th, 2016, research firm Northcoast downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.
On August 02nd, 2016, KAR Auction Services reported revenue of $771.8 million for Q2 2016 compared to revenue of $658.3 million for Q2 2015, an increase of 17%. The company’s net income for Q2 2016 increased 4% to $61.8 million, or $0.44 per diluted share, compared to net income of $59.5 million, or $0.41 per diluted share, in Q2 2015. Register for free on Stock-Callers.com and download the latest research report on KAR at: