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02/27/15 04:13:58 PM
MARKET MOVERS

Movers: Ross Stores Inc., Monster Beverage Corporation, A. M. Castle & Co.

Ross Stores Inc.(ROST) : In a report published Friday, Wedbush Securities analyst Morry Brown reiterated an Outperform rating on Ross Stores, Inc. (NASDAQ: ROST), and raised the price target from $106.00 to $112.00. In the report, Wedbush Securities noted, "Business firing on all cylinders; conservative comp plan sets the stage for ongoing earnings beats; reiterate OUTPERFORM. ROST delivered 4Q sales and earnings results that place it among the best performers in large cap retail. Despite strong momentum heading into 2015, management kept guidance conservative, planning for only a 1%-2% comp increase (and still managing to place consensus at the high end of guidance, better than many retail peers). We expect strong comps throughout the year driven by (1) lower gas prices and (2) higher wages at the low end (we believe higher disposable income at the low end will more than offset cost pressures). We believe both factors are positive catalysts for ROST, in addition to continued market share gains from the off-price format, along with strong company-level execution. Our thesis is unchanged." Ross Stores closed on Thursday at $99.05. View More Analyst Ratings for ROSTView the Latest Analyst Ratings 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



Monster Beverage Corporation(MNST) : In a report published Thursday evening, Jefferies analyst Kevin Grundy commented that Monster Beverage Corp's (NASDAQ: MNST) valuation "looks full" following its fourth quarter "high quality" beat. Grundy noted that Monster Beverage is off to a "strong start" in the first quarter as lower gas prices are boosting energy drink sales, based on management's commentary during its conference call. However, the analyst added that management "did not point to anything else particularly notable." Grundy also stated that there has been no noticeable disruption ahead of its distributor transition and that the company's international profitability continues to improve. In addition, the company expects revenue growth to accelerate once its deal with Coca-Cola closes, although the analyst wrote that "this has yet to be quantified." "While market expectations are likely higher, Street estimates appear to under-estimate the benefit from the inflection of Monster Beverage's international margins (operating margin percentage outside of North America likely to move into the low-to-mid 20 percent rage) and favorable mix from the Coca-Cola deal (c. +260 basis points from mix alone for Monster Beverage)," Grundy wrote. "Yet, on our above consensus estimates, Monster Beverage's valuation looks full 17.7x CY16e EV/EBITDA." Shares remain Hold rated with a price target raised to $132 from a previous $120. View More Analyst Ratings for MNSTView the Latest Analyst Ratings 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



A. M. Castle & Co.(CAS) : OAK BROOK, Ill. (AP) _ A.M. Castle & Co. (CAS) on Friday reported a loss of $39.1 million in its fourth quarter. The Oak Brook, Illinois-based company said it had a loss of $1.67 per share. Losses, adjusted for restructuring costs and non-recurring costs, were $1.64 per share. The specialty metal and plastic products company posted revenue of $231.5 million in the period. For the year, the company reported that its loss widened to $134.7 million, or $5.77 per share. Revenue was reported as $979.8 million. A.M. Castle shares have dropped 37 percent since the beginning of the year. The stock has decreased 64 percent in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAS at http://www.zacks.com/ap/CAS Keywords: A.M. Castle, Earnings Report



salesforce.com, inc.(CRM) : Salesforce.com reports its loss for quarter ended Jan 31 narrowed to $65.8 million from year-earlier $116.6 million as revenue rose 26% to $1.44 billion from $1.15 billion, in part due to international sales (M)



Barnes & Noble, Inc.(BKS) : Barnes & Noble shares jumped 7% to a six-year high of $25.92 after the chain said it would spin off to shareholders its college books unit as a separately traded company. The Barnes & Noble Education unit operates 714 stores on U.S. college campuses. The spinoff, expected by August, comes ahead of Barnes & Noble's fiscal third-quarter earnings report, due March 10. Last month, the company, which operates 658 U.S. bookstores, said holiday sales rose 0.2% to $1.1 billion from a year ago.



Barnes & Noble, Inc.(BKS) : Barnes & Noble Price:$25.92 Chg:$1.67 % chg: 6.9% Day's high/low: $26.22/$24.25 The bookstore chain said it would spin off its college books division into a separately traded company. The newly formed Barnes & Noble Education unit operates 714 stores on U.S. college campuses. Taser The electrical weapons maker posted earnings that missed Wall Street expectations. Fourth-quarter net income came in at $5.1 million, or 9 cents a share, 2 cents shy of estimates. Avago Technologies The semiconductor company reported fiscal 2015 first-quarter earnings that topped analysts' expectations. It also announced plans to buy Emulex for about $600 million.



 

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