Insider Purchases and Buybacks XXXI
23287 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by sarah z
DESCRIPTION:

Date updated:11-28-2007

This portfolio consists of stocks in the news lately because there has been a significant insider purchase or stock buyback. In both cases, we think it's important to take a closer look at those particular stocks.

Here are 10.

symbol name last price % change open
  • +
  • IKN
    Ikon Office Solut
  • $0.00
  • 0.00%
  • $N/A

Ikon Office Solutions, which sells and leases office equipment, last week said it will buy back $500 million of its common stock. Ikon intends to repurchase up to $295 million of its stock through a modified "Dutch Auction" at a price of not less than $13 per share or more than $15 per share. The stock trades for 7x cash flow.

People owning IKN also tend to own: ADPTAGLBCOCEMCHVCNOCUO

TheStreet.com Rating: B What is this?

  • +
  • DDS
    Dillard's Inc.
  • $11.28
  • 0.00%
  • $11.09

The discount department store retailer recently announced it will buy back $200 million worth of stock and an Oppenheimer analyst removed his "Sell" rating on the shares as well. The stock trades for 5x cash flow.

People owning DDS also tend to own: ALALLAXPCBCCKCOSTFDC

TheStreet.com Rating: D+ What is this?

  • +
  • SSI
    Stage Stores Inc.
  • $13.49
  • 0.00%
  • $13.02

Clothing retailer Stage Stores Inc. said last week its board approved $50 million to repurchase stock. The company also raised the lower end of its fourth-quarter profit and sales ranges. The stock trades for 5x cash flow.

People owning SSI also tend to own: BPBYIEPEPDIGTISRGMECA

TheStreet.com Rating: D What is this?

  • +
  • JWN
    Nordstrom
  • $23.03
  • 0.00%
  • $22.18

Nordstrom Inc. said Monday that third-quarter earnings rose 22 percent, helped by a shift in the dates covered by the period. The Seattle-based retailer said it bought back $750 million in shares in the quarter and added $1 billion to its existing stock repurchase plan. The stock trades for 6.5x cash flow.

People owning JWN also tend to own: AAPLAMRCOSTDEGOOGGSITA

TheStreet.com Rating: C What is this?

  • +
  • A
    Agilent Technolog
  • $19.55
  • 0.00%
  • $18.87

Scientific equipment maker Agilent Technologies Inc. announced that its Board of Directors has approved a share-repurchase program of up to $2 billion of its common stock over the next two years. The company also said its fiscal fourth-quarter profit rose, helped by strong sales of bio-analysis products. The stock has a forward PE of 15.

People owning A also tend to own: CSCOMSFTMOAMGNDNAJBLUMOT

TheStreet.com Rating: C What is this?

  • +
  • ARB
    Arbitron Inc.
  • $21.04
  • 0.00%
  • $21.00

Arbitron Inc. said its board authorized the company to buy back up to $200 million of common shares. The radio rating company said as of Oct. 31, it has about 28.2 million shares outstanding. Shares of Arbitron Inc. tumbled on Tuesday after the radio ratings company said it would delay the rollout of a controversial new electronic audience measurement system in nine markets, giving in to pressure from broadcasters who said the data wasn't reliable. The stock has a forward PE of 23.

People owning ARB also tend to own: ACWBBGBKUNABMYCACSARDIO

TheStreet.com Rating: C What is this?

  • +
  • CTB
    Cooper Tire & Rub
  • $10.96
  • 0.00%
  • $11.25

Tire manufacturer Cooper Tire & Rubber Co. said last week its board of directors authorized the repurchase of up to $100 million of the company's stock. Cooper Tire was also upgraded by KeyBanc Capital Mkts from Buy to Aggressive Buy. The stock trades for 4x cash flow.

People owning CTB also tend to own: AMXCCJCCKCVAFMXFWLTGETI

TheStreet.com Rating: D+ What is this?

  • +
  • TGT
    Target Corp
  • $41.28
  • 0.00%
  • $41.46

The Minneapolis-based retailer said its board approved a $10 billion dollar buyback plan that replaces its previous program. The new repurchase plan, which represents more than 20% of total outstanding shares, is expected to be completed within the next three years, with half or more to be done by year end 2008. The #2 U.S. discount store also surprised investors by reporting a 4.4% drop in third quarter earnings. Company directors said the disappointing results were due to soft sales in their higher-margin products like home goods and clothing, which were effected by the weak housing market and unusually warm weather. On a positive note, revenue in the third quarter jumped 9.3% to $14.8 billion while same-store sales, one of the industries most powerful metrics, increased 3.7%. Target's Chairman and CEO, Bob Ulrich, said in a press release, "We believe this new program will maintain our strong investment-grade debt ratings within a prudent range while allowing for substantial value to be returned to our shareholders. Given our prospects for continued profitable market-share growth, we believe share repurchase is a particularly attractive use of our capital at this time." Deutsche Banks remains a believer in Target and maintains their buy rating and $79 price target. Currently trading at 13.1x next years earnings, TGT is undervalued compared to its historic full year average of 18.8x earnings. Deutsche Bank analyst, Shane Higgins, said, "Specific catalysts (share buyback program, direct sourcing and potential sale of its credit business) should allow the shares to appreciate to out $79 price target, which assumes a 20.1x multiple on our new FY08 estimate".

People owning TGT also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: C What is this?

previous next

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Four Must-See Charts: Stem Cell ...

By Stockpickr Staff Posted on July 2, 2009 Developments in the stem cell world are starting to get very interesting. On Tuesday, General Electric (GE) signed an exc...

07.02.09 | 15:19 PM
Stockpickr's Picks of the Day: J...

By Rebecca Corvino Posted on July 2, 2009 Every day, Stockpickr members are creating and sharing stock ideas with each other through various platforms. If you're not al...

07.02.09 | 13:43 PM
Cramer's Take on Headline Stocks...

By Rebecca Corvino Posted at 12:30 p.m. EDT on July 2, 2009 Making Thursday's headlines and sending stocks lower were reports that June saw the loss of 467,000 more job...

07.02.09 | 12:31 PM
Dividend Stocks for the Week

By Stockpickr Staff Posted on July 2, 2009 Some investors assume that at this time of year, it's the summer doldrums for the stock market. After all, as the saying goe...

07.02.09 | 11:02 AM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Banjo's Garden Pic Thread
05.10.09 | 12:33 PM From author banjoman
Speculation and Rumors
05.22.09 | 01:01 AM From author DaveOfDuke
more forums
Q. Thanks for your answer. But the ...
07.05.09 | 13:54 PM Asked by pey637

A. You are welcome.

today 's lists
52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on July 1, 2009. more

Analyst Downgrades

Analyst Downgrades for July 1, 2009. Read more here. more

Stocks With Unusual Option Activity

Unusually active options can often indicate that a major event in a stock is about to take place, or that unsophisticated investors (using options in lieu of leverage) are ... more