The Zacks Analyst Blog Highlights: Facebook, TJX, Costco Wholesale, Barnes & Noble, Nordstrom, Home Depot, Wal-Mart Stores, Target, Macy's, J. C. Penney and Best Buy

For Immediate Release

Chicago, IL – November 28, 2014 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Facebook, Inc. (Nasdaq:FB-Free Report), TJX Companies, Inc. (NYSE:TJX-Free Report), Costco Wholesale Corp. (Nasdaq:COST-Free Report), Barnes & Noble, Inc. (NYSE:BKS-Free Report), Nordstrom Inc. (NYSE:JWN-Free Report), Home Depot, Inc. (NYSE:HD-Free Report), Wal-Mart Stores Inc. (NYSE:WMT-Free Report), Target Corp. (NYSE:TGT-Free Report), Macy's, Inc. (NYSE:M-Free Report), J. C. Penney Company, Inc. (NYSE:JCP-Free Report) and Best Buy Co., Inc. (NYSE:BBY-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

Are Retailers Closed on Thanksgiving Losing?

On the eve of a long weekend, opinions over shopping on Thanksgiving remains firmly divided. At the same time, Thanksgiving shopping is even more significant this time around. Buying on this holiday has become an emerging trend and one which is likely to stay.

Opposition to Remaining Open

The issue of stores remaining open on Thanksgiving has been played up by a movement, largely dependent on social media. This includes pages on Facebook, Inc. (Nasdaq:FB-Free Report) such as Boycott Black Thursday and Boycott Shopping on Thanksgiving Day. The idea is to reclaim Thanksgiving as a day to spend at home eating with the family rather than shopping. Consumers can then be free to shop on Black Friday.

Certain stores have taken a principled stance on the issue and are remaining closed. The TJX Companies, Inc. (NYSE:TJX-Free Report) for example, has said that it is “pleased to give our associates the time to enjoy the Thanksgiving holiday with family and friends.” Costco Wholesale Corp. (Nasdaq:COST-Free Report) will also remain closed and has said: “Our employees work especially hard during the holiday season and we simply believe that they deserve the opportunity to spend Thanksgiving with their families.”

“We want our booksellers to have the opportunity to enjoy what is a family holiday,” said a spokesperson from Barnes & Noble, Inc. (NYSE:BKS-Free Report).

Strategy to Remain Closed

These companies wish to signal that they are more sensitive to workers’ needs. The idea is to indicate that those remaining open are not really bothered about families and American customs.

For other retailers, the need to remain open is simply irrelevant. This is particularly true of those who are not focused on high volumes since margins are low. Upmarket brands like Nordstrom Inc. (NYSE:JWN-Free Report) are those which fall into this category. Others like The Home Depot, Inc. (NYSE:HD-Free Report) are not known for doorbuster sales and have chosen to give employees the day off.

Need to Stay Open

But the likes of larger retailers like Wal-Mart Stores Inc. (NYSE:WMT-Free Report), Target Corp. (NYSE:TGT-Free Report), Macy's, Inc. (NYSE:M-Free Report), J. C. Penney Company, Inc. (NYSE:JCP-Free Report) and Best Buy Co., Inc. (NYSE:BBY-Free Report) have no choice but to stay open. This is because they thrive on promotions and are consistently competing to grab a share of the same pie.

Holiday shoppers with constrained shopping budgets are likely to spend their dollars elsewhere if shops choose to remain closed. This is also indicated by price-matching strategies and early Black Friday sales. All of this shows that stores of this nature are unwilling to relent by giving employees the day off.

The flip side of this argument is that the choice of remaining open on Thanksgiving may not be affecting holiday sales at all. Analysts have indicated that retailers are eating into overall sales by remaining open on Thanksgiving. If they had remained closed, those purchases would possibly take place on Friday. The choice to provide promotions well ahead of Thanksgiving may be the primary reason for declining Black Friday sales.

At the same time, the choice of remaining open or closed on Thanksgiving will have little impact on overall holiday sales. If consumers do choose to stay home this weekend, they will continue to shop in the weeks ahead. Additionally, those who actively boycott stores will probably opt to shop online.

Stores Open vs. Stores Closed

The following chart compares the Zacks Rank, and current and next quarter earnings estimates over 30 days of stores that are planning to remain open versus ones giving their employees the day off.

All stocks in both the charts carry a Zacks Rank #3 (Hold), except for Best Buy that holds a Zacks Rank #2 (Buy).

Comparing these charts we find that stores closed are better placed in terms on estimate revisions than those choosing to stay open. This implies that those remaining open on Thanksgiving may have little choice but to do so. Competition is intense and the risks of taking the day off are too high to ignore.

On the other hand, those remaining closed may have little to gain from additional sales. This may be because they are already ahead of their competitors. Alternatively, it may make little difference to them if they chose to remain open on Thanksgiving.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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 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.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on FB - FREE
Get the full Report on TJX - FREE
Get the full Report on BKS - FREE
Get the full Report on JWN - FREE
Get the full Report on HD - FREE
Get the full Report on WMT - FREE
Get the full Report on TGT - FREE
Get the full Report on M - FREE
Get the full Report on JCP - FREE
Get the full Report on BBY - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Read the analyst report on FB

Read the analyst report on TJX

Read the analyst report on COST

Read the analyst report on BKS

Read the analyst report on JWNHD

Read the analyst report on WMT

Read the analyst report on TGT

Read the analyst report on M

Read the analyst report on JCP

Read the analyst report on BBY


Zacks Investment Research