U.S. Movers: BJ

Mukesh Buch
17 Aug, 2011
New York City

BJ

[R]12:10 AM New York – BJ’s second quarter net income rose to $45.7 million. Deere third quarter net income increased 15% to $712.3 million. Dell second quarter net income surged 63% to $890 million. Target second quarter net earnings increased 3.7% to $704 million.[/R]

Of 30 the stocks in the Dow, 25 increased and 5 decreased.

Of the stocks in the Dow Jones Industrial Average, JPMorgan Chase & Co. led the gainers with a rise of 2.72% followed by increase in The Home Depot, Inc. of 2.11%, in Alcoa Inc. of 1.96%, in Verizon Communications Inc. of 1.69%, in American Express Company of 1.56%.

Hewlett-Packard Company led the decliners with a fall of 3.10%, followed by decline in Wal-Mart Stores, Inc. of 0.46%, in Cisco Systems, Inc. of 0.44%, in Johnson & Johnson of 0.06%, in United Technologies Corporation of 0.01%.

Other Movers

Abercrombie & Fitch Co. ((ANF)) decreased 6.4% or $4.65 to $66.37 after the specialty retailer reported second quarter revenues increased 23% to $916.8 million from $745.8 million in the same quarter last year. Total company direct-to-consumer sales increased 28% to $102.1 million and Total comparable store sales increased 28%.

Net income in the quarter rose 3.5% to $32.0 million or 35 cents per diluted share compared to $19.5 million or 22 cents per share a year ago.

Analog Devices, Inc. ((ADI)) rose 0.5% or 16 cents to $31.51 after the digital signal processing integrated circuits reported third quarter revenues rose 5% to $757.9 million from $720.3 million in the same quarter last year. Net income in the quarter increased to $219.9 million or 71 cents per diluted share compared to $199.5 million or 65 cents per share a year earlier.

BJ’s Wholesale Club, Inc. ((BJ)) rose 0.1% or 8 cents to $50.60 the warehouse club operator reported second quarter net sales increased 11% to $2.98 billion from $2.69 billion in the same quarter last year. Comparable club store sales increased 7.8%.

Net income in the quarter increased to $45.7 million or 84 cents per diluted share compared to $35.8 million or 67 cents per share a year ago.

Chico’s FAS, Inc. ((CHS)) slipped 5.8% or 74 cents to $11.86 after the specialty retailer reported second quarter net sales increased 18.5% to $551.4 million from $465.4 million in the same quarter last year. Comparable store sales increased 12.8%.

Net income in the quarter increased 8.2% to $89.3 million or 51 cents per diluted share compared to $65.8 million or 37 cents per share a year ago period.

Chico’s FAS agreed to acquire Boston Proper Inc., a Boca Raton, Florida based privately held direct-to-consumer retailer. The transaction is anticipated to close within 45 days subject to regulatory review.

Deere & Company ((DE)) fell 0.6% or 49 cents to $74.67 after the agriculture products maker reported third quarter total net sales soared 22% to $8.37 billion from $6.84 billion in the same quarter last year. Net income in the quarter increased 15% to $712.3 million or $1.69 per diluted share compared to $617.0 million or $1.44 per share a year earlier.

Dell Inc. ((DELL)) decreased 8.7% or $1.39 to $14.42 after the technology company reported second quarter revenues rose 1% to $15.7 billion from $15.5 billion in the same quarter last year. Net income in the quarter surged 63% to $890 million or 48 cents per diluted share compared to $545 million or 28 cents per share a year ago.

Eaton Vance Corp. ((EV)) slipped 1.3% or 32 cents to $23.46 after the investment manager reported third quarter revenues increased 20% to $327.3 million from $273.1 million in the same quarter last year. Net income in the quarter soared 59% to $68.9 million or 55 cents per diluted share compared to $43.5 million or 34 cents per share a year ago period.

Flowers Foods, Inc. ((FLO)) slumped 8.4% or $1.79 to $19.52 after the bakery products maker reported second quarter sales increased 5.7% to $642.6 million from $607.7 million in the same quarter last year. Net income in the quarter decreased 16.4% to $28.2 million or 21 cents per diluted share compared to $33.8 million or 24 cents per share for the year-ago quarter

Staples, Inc. ((SPLS)) increased 1% or 16 cents to $14.38 after the office products company reported second quarter sales increased 5.2% to $5.82 billion from $5.53 billion in the same quarter last year. Net income in the quarter soared 36% to $176.4 million or 25 cents per diluted share compared to $129.7 million or 18 cents per share for the year-ago quarter

Target Corporation ((TGT)) increased 2.2% or $1.11 to $50.48 after the general merchandise retailer reported second quarter sales increased 5.1% to $15.9 billion from $15.1 billion in the same quarter last year. Comparable store sales increased 3.9%.

Net earnings in the quarter increased 3.7% to $704 million or $1.03 per diluted share compared to $679 million or $0.92 per share a year ago.