Zacks Bull and Bear of the Day Highlights: Hain Celestial Group, Citi Trends, Target, Wal-Mart Stores and Costco Wholesale - Press Releases

Various market performance charts

For Immediate Release

Chicago, IL - April 17, 2012 - Zacks Equity Research highlights: Hain Celestial Group ( HAIN ) as the Bull of the Day and Citi Trends, Inc. ( CTRN ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Target Corporation ( TGT ), Wal-Mart Stores Inc. ( WMT ) and Costco Wholesale Corporation ( COST ).

Full analysis of all these stocks is available at .

Here is a synopsis of all five stocks:

Bull of the Day :

A leader in natural food and personal care products with an array of well-known brands, Hain Celestial Group ( HAIN ) offers investors one of the strongest growth profiles in the industry. The company's strategic investments plus continued efforts to contain costs, increase productivity, and enhance cash flows and margins have enabled it to deliver healthy results.

This is quite evident from Hain's second-quarter 2012 results. The quarterly earnings of $0.52 per share beat the Zacks Consensus Estimate of $0.49, and rose 33.3% from the prior-year quarter. The company's top line also grew an impressive 32.1%.

The company continues to expect total revenue between $1,455 million and $1,480 million, and earnings in the range of $1.63 to $1.73 per share for fiscal 2012. Buoyed by better-than-expected results and an optimistic outlook, we maintain our Outperform recommendation on the stock.

Bear of the Day :

Citi Trends, Inc.'s ( CTRN ) falling comparable store sales, coupled with rising cost of goods sold and operating expenses, battered fourth-quarter 2011 results. The company incurred a quarterly loss of $0.18 per share, falling drastically from the year-ago quarter earnings of $0.64 per share. The results, however, bettered the Zacks Consensus Estimate of a loss of $0.20 per share.

Further, due to uncertainty hovering around sales, given the global economic unrest, the company decided not to provide any guidelines unless it finds any near-term catalysts to drive sales. Intense competition from other retailers, seasonal nature of business and risks associated with sourcing merchandise from developing countries may further undermine the company's future growth prospects.

Currently, we are maintaining a long-term Underperform recommendation on the stock. Our target price of $10.00 is based on P/CF (price-to-cash flow) multiple of 8.27x.

Latest Posts on the Zacks Analyst Blog :

Zacks Consensus Rises for Target Corp.

The Zacks Consensus Estimates for Target Corporation ( TGT ) have been portraying an upward trend as the analysts covering the stock have become more constructive after the company posted better-than-expected March sales results and raised its first-quarter 2012 earnings projection.

March Sales in Brief

The Easter holiday and a favorable weather aided Target to post strong sales results for the five-week period ended March 31, 2012. The company registered an increase of 7.3% in comparable-store sales for March 2012, contrary to a 5.5% decline in the prior-year period. Net retail sales rose 7.9% to $6,427 million from $5,955 million reported in the prior-year period.

Management noted that the company's March sales surpassed its expected growth range, reflecting an increase in average transaction size coupled with a rise in comparable store transactions.

What the Company Guided

Buoyed by the better-than-expected results, Target raised its first-quarter 2012 bottom-line forecast. The company now expects first quarter earnings between of $1.04 and $1.10 per share versus its earlier guidance range of 97 cents to $1.07. Going forward, Target expects comparable-store sales to increase in low to mid-single-digit range for April 2012.

Magnitude of Estimate Revisions

Clearly, a positive sentiment is palpable among most of the analysts, who remain optimistic on Target's performance. The Zacks Consensus Estimate has risen with the majority of analysts remaining bullish on the stock. The magnitude of estimate revisions by the analysts is clearly reflected through changes in the Zacks Consensus Estimates.

The Zacks Consensus Estimate for the first quarter of 2012 jumped 4 cents to $1.00 in the last 30 days. The Zacks Consensus Estimate for the second quarter remained constant at 98 cents in the last 30 days, as the revisions made by the analysts had a neutral impact on it.

For fiscal 2012, the Zacks Consensus Estimate rose 4 cents to $4.25 in the last 30 days. For fiscal 2013, the Consensus Estimate increased by a couple of cents to $4.82.

Closing Comment

Target is consistently trying every means to keep afloat in this sluggish economic environment. The company's P-fresh remodel program, 5% REDcard Rewards program, City Target stores, The Shops at Target initiatives and its foray into the foreign market are its arsenal to safeguard against any unprecedented event.

However, the greater concentration of Target's revenue generating capability in a few regions of the United States, poses a competitive threat, compared to Wal-Mart Stores Inc. ( WMT ) and Costco Wholesale Corporation ( COST ), which are geographically more diversified and more resourceful.

Consequently, we have a long-term 'Neutral' recommendation on the stock. Moreover, Target holds a Zacks #3 Rank that translates into a short-term 'Hold' rating.

Get the full analysis of all these stocks by going to .

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About the Analyst Blog

Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting .

About Zacks is a property of Zacks Investment Research , Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank , which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment

Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at .

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

COSTCO WHOLE CP ( COST ): Free Stock Analysis Report

CITI TRENDS INC ( CTRN ): Free Stock Analysis Report

HAIN CELESTIAL ( HAIN ): Free Stock Analysis Report

TARGET CORP ( TGT ): Free Stock Analysis Report

WAL-MART STORES ( WMT ): Free Stock Analysis Report

To read this article on click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More