-
Wal-Mart Thanksgiving Traffic Down Slightly, According to MKM
Friday, November 28, 2014 - 12:46pm | 156In a note out from MKM Partners Friday morning regarding Wal-Mart (NYSE: WMT), MKM analyst Patrick McKeever wrote that Wal-Mart store traffic on Thanksgiving may have been down slightly vs. last year as deals were extended over a longer period of time. McKeever commented in the note: "WMT said...
-
MKM Partners Thinks Dollar General Could Offer $83 Per Share For Family Dollar
Tuesday, September 2, 2014 - 4:05pm | 215Dollar General (NYSE: DG) could make a further offer as high as $83 per share for Family Dollar (NYSE: FDO), an analyst said Tuesday. MKM's Patrick McKeever said Dollar General can afford to pay "in the mid $80s" for Family Dollar and still make a compelling strategic case for the...
-
MKM Partners Sees Current Trends As Good For Dollar General
Friday, August 29, 2014 - 11:05am | 107In a report published Friday, MKM Partners analyst Patrick McKeever reiterated a Buy rating and $75.00 price target on Dollar General (NYSE: DG). In the report, MKM Partners noted, “Sales came in a bit light, though it sounds like the third quarter is off to a good start, with back-to-school...
-
The Drama Continues In The Dollar Store Space
Wednesday, August 20, 2014 - 3:07pm | 848Family Dollar (NYSE: FDO) on Monday confirmed it received an offer to be acquired by Dollar General (NYSE: DG) for $8.9 billion. Family Dollar said in a statement hat it "remains subject to the merger agreement with Dollar Tree, and the Company's Board of Directors has not changed its...
-
MKM Partners Releases Pre-Earnings Coverage On Wal-Mart
Monday, August 11, 2014 - 2:14pm | 116In a report released Monday, MKM Partners analyst Patrick McKeever released an earnings preview for for Wal-Mart Stores (NYSE: WMT) Q2 2014. Analysts at MKM predict Wal-Mart Q2 results to come in line with expectations based on the same thesis of lagging traffic, investment allocation in its e-...
-
3 Analysts Weigh In On Target's Pre-Announcement
Wednesday, August 6, 2014 - 3:26pm | 741As one of the first acts as chief executive officer of Target (NYSE: TGT), Brian Cornell pre-announced on Tuesday the company's second quarter results. Target stated that its expenses in the second quarter related to the December 2013 data breach will gross $148 million which will...
-
Family Dollar Up, Hires Morgan Stanley As Advisor Following Icahn Demand
Friday, June 20, 2014 - 10:56am | 259Family Dollar Stores (NYSE: FDO) opened sharply higher and continued to trade up Friday, one day after 9.4 percent stakeholder Carl Icahn demanded an immediate sale. The company, which confirmed meeting with Icahn, said it's making "an in-depth business review," and hired Morgan...
-
Underlying Trend For FDO Accelerates
Thursday, April 8, 2010 - 11:24am | 182Analyst Patrick McKeever of MKM Partners maintains his "neutral" rating on Family Dollar Stores Inc (NYSE: FDO), while raising his estimates for the company. The target price for FDO has been raised from $35 to $41. According to MKM Partners, Family Dollar Stores has reported its 2Q10 ahead of the...
-
Citi Trends, Inc. (CTRN) Maintains Neutral Rating
Monday, March 15, 2010 - 9:49am | 189Analyst Patrick McKeever at MKM Partners has released an update on Citi Trends, Inc. (NASDAQ: CTRN). The company reported its fourth-quarter results on Friday. Citi Trends reported EPS of $0.78 in its fourth-quarter, a 13% increase from last year and $0.04 above MKM’s estimate. The earnings upside...