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Earnings Analysis: 
Target Corp Sales Rise; Deere & Company Net Rises 16%
Author: Mita Yagnik
123jump.com
Last Update: 9:16 AM ET May 19 2010


Target Corporation first quarter sales rose 5.5% to $15.2 billion and net income rose 28.6% to $671 million or 90 cents a share. Deere & Company second quarter sales rose 6% to $6.55 billion and net income rose 16% to $547 million or $1.28 a share.

 
[R]9:20AM New York - Target Corporation sales rose 5.5% and net income rose 28.6%. Deere & Company sales rose 6% and net income rose 16%.[/R]

BJ’s Wholesale Club, Inc (BJ: chart), a warehouse club operator reported first quarter sales rose 13% to $2.55 billion from $2.26 billion a year ago. Net income in the quarter rose 7.4% to $26.1 million or 49 cents per diluted share compared to net income of $24.3 million or 45 cents per share a year ago.

Comparable same-store sales increased 7.8%.

BJ’s Wholesale Club, Inc, in the last one year traded as high as $39.85 in April 2010 and as low as $29.73 in August 2009. Based on the yesterday’s closing price of $37.44 the company has market cap of $2.01 billion.

Brady Corporation (BRC: chart), the manufacturer of identification solutions and specialty materials reported third quarter sales rose 16.3% to $321.9 million from $276.7 million a year ago. Net income in the quarter rose 31.6% to $23.7 million or 45 cents per diluted share compared to net income of $18 million or 34 cents per share a year ago.

Brady Corporation, in the last one year traded as high as $35.37 in April 2010 and as low as $22.22 in May 2009. Based on the yesterday’s closing price of $32.46 the company has market cap of $1.70 billion.

Chico’s FAS, Inc (CHS: chart), the women''s apparel retailer reported first quarter sales rose 17% to $481.6 million from $410.6 million a year ago. Net income in the quarter rose 144% to $35.4 million or 20 cents per diluted share compared to net income of $14.5 million or 8 cents per share a year ago.

Chico’s FAS, Inc, in the last one year traded as high as $16.57 in April 2010 and as low as $7.46 in May 2009. Based on the yesterday’s closing price of $14.16 the company has market cap of $2.53 billion.

Deere & Company (DE: chart), the maker of tractors and harvesters reported second quarter sales rose 6% to $6.55 billion from $6.19 billion a year ago. Net income in the quarter rose 16% to $547 million or $1.28 per diluted share compared to net income of $472 million or $1.11 per share a year ago.

Deere & Company, in the last one year traded as high as $63.68 in April 2010 and as low as $34.90 in May 2009. Based on the yesterday’s closing price of $57.16 the company has market cap of $24.24 billion.

DHT Holdings, Inc (DHT: chart), an operator of a fleet of double-hull tankers reported first quarter sales fell 25% to $22.4 million from $29.8 million a year ago. Net loss in the quarter was $2.2 million or 5 cents per diluted share compared to net income of $6.9 million or 17 cents per share a year ago.

DHT Holdings, Inc, in the last one year traded as high as $5.82 in June 2009 and as low as $3.30 in October 2009. Based on the yesterday’s closing price of $4.05 the company has market cap of $197.14 million.

Eaton Vance Corp (EV: chart), the investment manager reported second quarter revenues rose 38% to $273 million from $198.4 million a year ago. Net income in the quarter rose 40% to $36 million or 29 cents per diluted share compared to net income of $25.8 million or 21 cents per share a year ago.

Eaton Vance Corp, in the last one year traded as high as $36.08 in May 2010 and as low as $23.02 in July 2009. Based on the yesterday’s closing price of $33.41 the company has market cap of $3.96 billion.

Hormel Foods Corporation (HRL: chart), the food maker reported second quarter sales rose 6% to $1.7 billion from $1.6 billion a year ago. Net income in the quarter fell 3% to $77.9 million or 57 cents per diluted share compared to net income of $80.4 million or 59 cents per share a year ago.

Hormel Foods Corporation, in the last one year traded as high as $36.52 in February 2010 and as low as $32.64 in May 2009. Based on the yesterday’s closing price of $41.78 the company has market cap of $5.58 billion.

Polo Ralph Lauren Corporation (RL: chart), the fashion company reported fourth quarter sales rose 9.3% to $1.29 billion from $1.18 billion a year ago. Net income in the quarter rose 156.4% to $114.1 million or $1.13 per diluted share compared to net income of $44.5 million or 44 cents per share a year ago.

Net sales for the fiscal year 2010 fell 0.2% to $4.81 billion from $4.82 billion a year ago. Net income for the year rose 18% to $479.5 million or $4.73 per diluted share compared to net income of $406.0 million or $4.01 per share a year ago.

Polo Ralph Lauren Corporation, in the last one year traded as high as $95.59 in April 2010 and as low as $48.07 in May 2009. Based on the yesterday’s closing price of $85.78 the company has market cap of $8.46 billion.

Target Corporation (TGT: chart), the discounter reported first quarter sales rose 5.5% to $15.2 billion from $14.4 billion a year ago. Net income in the quarter rose 28.6% to $671 million or 90 cents per diluted share compared to net income of $522 million or 69 cents per share a year ago.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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