Diamonds and Dogs
10/12/12Dollar Tree Inc. (DLTR)
Dollar Tree looks like it's trying to get its shares down to a dollar today, down 4.99% at $41.12. The discount variety store saw its shares dropped after being downgraded by two companies today. Piper Jaffray downgraded Dollar Tree to neutral from overweight, citing comp trend concerns following the company's analyst day. The firm lowered its price target for shares to $46 from $56. Furthermore, Jefferies downgraded Dollar Tree from buy to hold, stating decelerating sales as the cause for the downgrade. Jefferies also lowered its price target for the company to $41. Dollar Tree is still $5 above its 52-week low, but has fallen over $15 dollars from its high.
Hasbro Inc. (HAS)
Hasbro Inc. isn't playing games with investors today, up 3.89% at $39.28. The game and toy maker saw its shares rally after news was released that CEO Brian Goldner had his contract extended another three years pushing his contract out to 2017. Investors are seeing the news as good since Goldner has done a good job growing earnings, sales and the stock price since he took over in 2008. Furthermore, Hasbro's board of directors gave Goldner an incentive to grow shareholder value; they gave him 587,294 restricted stock units over the next five years. The board also wanted to play a game with his stock units. The game consists of a two rules. First, He has to stay all five years before the stock is awarded. Second, he gets the first quarter if the stock trades to $45, the second quarter at $52, the third quarter at $56, and the final quarter when the stock reaches $60. Hasbro Inc. is only $0.50 off of its 52-week high.