| February Retail Sales Wrap: February Slows A Touch (+4.1% YOY) Consistent w/Survey Work; Surprise Gains in Clothing, Sporting Goods Lead the Way
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SFM, JCP, TGT, KSS, WSM, DG, DLTR, M, WMT, FND, COST, FIVE, LOW, W, PIR, JWN, HD, RH |
Grom, Chuck |
2018-03-14 |
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| Team Grom's Consumer Survey - February '18 - Early Post Tax Refund Results + Macro Backdrop Still Healthy + Costco vs. Amazon Observations
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SFM, JCP, TGT, KSS, WSM, DG, DLTR, M, WMT, FND, COST, FIVE, LOW, W, AMZN, JWN, PIR, HD, RH |
Grom, Chuck |
2018-03-13 |
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| Low + Middle Market Pricing Study - February 2018 - Family Dollar Invests More in Price + Target Gains Ground on Wal-Mart + Promo Tracker Suggests Benign Pricing Backdrop
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TGT, DG, DLTR, WMT, KR, AMZN |
Grom, Chuck |
2018-03-12 |
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| The Weekend Warrior (3/9/18) - In Focus: Costco + Math Around JWN Deal + M Upgrade + Dept/Disc Store Report Card + HomeGoods SSS + Lumber Inflation
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JCP, KSS, M, COST, LOW, JWN, HD |
Grom, Chuck |
2018-03-09 |
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| Tax Refund $ Similar YOY . . . BUT Delay In Refunds For Those Claiming EITC + ACTC Credits Creates Early 1Q Headwind
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SFM, JCP, TGT, KSS, WSM, DG, DLTR, M, WMT, FND, COST, FIVE, LOW, W, PIR, JWN, HD, RH |
Grom, Chuck |
2018-03-09 |
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| Team Grom's Consumer Survey - February '18 - Traffic Slows vs. 6-Month Average in 10/11 Sub Groups; Home Improvement + Furniture Hold Their Own
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SFM, JCP, TGT, KSS, WSM, DG, DLTR, M, WMT, FND, COST, FIVE, LOW, W, PIR, JWN, HD, RH |
Grom, Chuck |
2018-03-09 |
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| DG: Dollar General - Tweaking FY18 EPS Estimates Lower Post DLTR Print; PT Goes To $110; Stay Accumulate Rated
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DG |
Grom, Chuck |
2018-03-08 |
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| DLTR: Dollar Tree - Post Management Call Takes + 2017-2019 Margin Bridge; Remain Buyers on Pullback
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DLTR |
Grom, Chuck |
2018-03-08 |
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| COST: Costco Wholesale - Better RR's + Strong Core GPM + February SSS up 7.7% > Slightly Higher Tax Rate; Stay Long, Adjusting EPS & PT to $224
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COST |
Grom, Chuck |
2018-03-07 |
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| DLTR: Dollar Tree - What is Howard Levine Thinking Today? Post 4Q Takes, Stay Buy-Rated . . . But Patience Required; New PT Set @ $110
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DLTR |
Grom, Chuck |
2018-03-07 |
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| TGT: Target - Analyst Day Recap Part II; Tweaking Estimates, Price Target Stays At $76
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TGT |
Grom, Chuck |
2018-03-06 |
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| TGT: Target - 4Q Quality Review + 1Q SSS Guide in Focus + Store Tour/Reception Takes = Analyst Day Part I Recap
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TGT |
Grom, Chuck |
2018-03-06 |
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| Dollar Tree - IN CASE YOU MISSED IT --> The Tree Returns To Investment Grade = Buybacks Provide Another Earnings Lever
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DLTR |
Grom, Chuck |
2018-03-02 |
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| JCP: J.C. Penney - There Is More To This Print Than Meets The Eye; 3 Reasons to Be More Optimistic Post 4Q Results
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M, JCP, KSS |
Grom, Chuck |
2018-03-02 |
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| JWN: Nordstrom - Fuel For Both Sides . . . Margin Inflection on the Horizon (Potentially); Post 4Q Thoughts
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JWN |
Grom, Chuck |
2018-03-01 |
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| KSS: Kohl's - When Confusion Creates Opportunity; Aggressive Buyers on Today's Dip
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KSS |
Grom, Chuck |
2018-03-01 |
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| FND: Floor & Decor - Guidance Concerns Now In Rearview Mirror, Solid Growth Story in A World With No Growth; Adjusting Estimates, PT Stays @ $50
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FND |
Grom, Chuck |
2018-03-01 |
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| M: Macy's - No Guts, No Glory; Deja Vu Back to 2009 ==> Upgrade to Buy from Hold w/$36 Price Target
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M |
Grom, Chuck |
2018-03-01 |
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| LOW: Lowe's - 5 Takes From Call with Management + 8 Takes From Print. Adjusting Estimates & Price Target to $105
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LOW, HD |
Grom, Chuck |
2018-02-28 |
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| LOW: Lowe's - 3 Quick Takes from 4Q = Solid Comp + Poor Quality + FY18 Guide Implies Just ~34% FT From Tax Benefit
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LOW |
Grom, Chuck |
2018-02-28 |
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