By PR Newswire, September 17, 2013, 08:00:00 AM EDT
NEW YORK, September 17, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Target Corp. (NYSE:TGT), Lowe's Companies Inc. (NYSE:LOW), CVS Caremark Corporation (NYSE:CVS), The Men's Wearhouse, Inc. (NYSE:MW), and Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Target Corp. Research Report
On September 12, 2013, Target Corp. (Target) declared a quarterly dividend of $0.43 per common share, which will be payable on December 10, 2013 to shareholders of record at the close of business November 20, 2013. Target stated that the Q4 2013 dividend will be the Company's 185th consecutive dividend paid since October 1967 when the Company became publicly held. The Full Research Report on Target Corp. - 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/3f4d_TGT]
Lowe's Companies Inc. Research Report
On September 3, 2013, Lowe's Companies Inc. (Lowe's) announced that Michael P. McDermott will join the Company as the Senior Vice President and General Merchandising Manager for Building and Maintenance, a newly created position. According to the Company, McDermott will be responsible for the Lumber & Building Materials, Millwork, Hardware & Tools and Rough Plumbing & Electrical divisions and he will report to Chief Merchandising Officer, Michael A. Jones. Further, Lowe's informed that McDermott will work with Senior Vice President and General Merchandising Manager for Seasonal Troy J. Dally and Senior Vice President and General Merchandising Manager for Home Décor Clint T. Davis. The Full Research Report on Lowe's Companies 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/b4cd_LOW]
CVS Caremark Corporation Research Report
On September 12, 2013, CVS Caremark Corporation (CVS Caremark) announced that researchers at the Company and at Brigham and Women's Hospital have discovered that a new approach to classify patients by their long-term medication adherence behavior may be more accurate than traditional approaches. According to the Company, the researchers followed more than 264,000 statin-users over a 15-month period and created measures to account for different adherence behaviors in a study published in the September 2013 issue of Medical Care. CVS Caremark mentioned that the study utilized a new method of categorizing adherence called group-based trajectory modeling, which is based upon observed patterns of medication-filling over time. Associate Physician of the Division of Pharmacoepidemiology and Pharmacoeconomics of Brigham and Women's Hospital and Associate Professor at Harvard Medical School, Niteesh Choudhry, MD, PhD, said "Our findings could help facilitate research on medication adherence and medication effectiveness in a variety of ways. For example, by using group-based trajectory modeling, we could help identify patients with distinct patterns of adherence so that health care professionals could appropriately target interventions. In addition, data related to the quantity and timing of medication availability could help improve our understanding of the effects of nonadherence on clinical outcomes." The Full Research Report on CVS Caremark Corporation - 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/f53e_CVS]
The Men's Wearhouse, Inc. Research Report
On September 11, 2013, The Men's Wearhouse, Inc. (Men's Wearhouse) reported its financial results for Q2 FY 2013 (period ended August 3, 2013). The Company's net sales decreased 2.3% YoY to $647.3 million. Net earnings (attributable to common shareholders) came in at $42.9 million or $0.85 per diluted share, compared to net earnings of $59.4 million or $1.15 per diluted share in Q2 FY 2012. Commenting on the results, President and CEO, Doug Ewert commented, "Retail clothing sales during the second quarter were below our internal plan as we experienced a decline in customer traffic compared to last year's second quarter. We believe this is primarily due to macro issues affecting the apparel retailing space. Despite the difficult economic climate, we remain committed to our operating and capital allocation plans that were laid out earlier this year. Over the past six months we have improved financial flexibility, purchased the American designer brand Joseph Abboud and its U.S. manufacturing operations, and repurchased approximately $152 million of our shares; and we continue to evaluate strategic alternatives for our K&G operations." The Full Research Report on The Men's Wearhouse, 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/ef39_MW]
Ulta Salon, Cosmetics & Fragrance, Inc. Research Report
On September 12, 2013, Ulta Salon, Cosmetics & Fragrance, Inc. ( ULTA ) reported its financial results for Q2 FY 2013 (period ended August 3, 2013). Net Sales increased 24.8% YoY to $601.0 million. Net income came in at $44.9 million or $0.70 per diluted share, higher compared to net income of $35.0 million or $0.54 per diluted share in Q2 FY 2012. Commenting on the results, CEO Mary Dillon commented, "The Ulta Beauty team delivered a very strong quarter while moving our growth strategy forward. Ulta Beauty added several new brands to its stores; we further expanded the number of Clinique and Lancôme boutiques; we drove rapid growth in our e-commerce business; and we achieved record membership in our loyalty program. I am incredibly excited about the future potential of Ulta Beauty, and I look forward to working with the team to build on the solid foundation they have built." The Full Research Report on Ulta Salon, Cosmetics & Fragrance, 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/fb0c_ULTA]
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SOURCE Analysts' Corner