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Weekly Top Insider Buys: TJX, SFD, BCSI, DMND, SKWY

October 18, 2010 | About:
gururk

gururk

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Weekly highlight of top insider buys: The TJX Companies Inc. (TJX), Smithfield Foods Inc. (SFD), Blue Coat Systems Inc. (BCSI), Diamond Foods Inc. (DMND), and SkyWest Inc. (SKWY).



The TJX Companies Inc. (TJX): Director Michael F Hines Bought 3,200 Shares

Director of The TJX Companies Inc., Michael F Hines, bought 3,200 shares on 10/12/2010 at an average price of $45.03.

TJX Companies, Inc. is an off-price retailer of apparel and home fashions in the U. TJX Companies Inc. has a market cap of $18.04 billion; its shares were traded at around $45.03 with a P/E ratio of 13.73 and P/S ratio of 0.89. The dividend yield of The Tjx Companies Inc. stocks is 1.33%. TJX Companies Inc. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated TJX Companies Inc. the business predictability rank of 4.5-star.



On October 7, The TJX Companies, Inc. reported September 2010 sales results. Sales for the five-week period ended October 2, 2010, were $2.1 billion, up 6% over the $2.0 billion achieved during the five-week period ended October 3, 2009. For the 35 weeks ended October 2, 2010, sales reached $13.8 billion, up 9% over the $12.6 billion achieved during the 35-week period last year. Consolidated comparable store sales increased 1% compared to last year for the five-week period ended October 2, 2010.



TJX Companies Inc. is owned by 10 Gurus: George Soros, John Hussman, Ken Heebner, David Williams, Chuck Akre, Ruane Cunniff, Donald Yacktman, PRIMECAP Management, Robert Olstein, and Jean-Marie Eveillard.

This month, Sell: President and CEO - TJX Carol Meyrowitz, Sell: SEVP, CFO Jeffrey G Naylor, Buy: Director Michael F Hines, andSell: SEVP, Group President Ernie Herrman shares of TJX stock.Sell: Director Willow B Shire sold 4,000 shares in November, and Sell: SEVP, Group President Jerome R Rossi and Sell: Director John F Obrien sold shares in June.



Smithfield Foods Inc. (SFD): President and C.E.O. C Larry Pope Bought 15,000 Shares

President and C.E.O. of Smithfield Foods Inc., C Larry Pope, bought 15,000 shares on 10/08/10 at an average price of $16.86.

Smithfield Foods, Inc. is one of the world's largest pork processors and hog producer. Smithfield Foods Inc. has a market cap of $2.8 billion; its shares were traded at around $16.86 with a P/E ratio of 28.1 and P/S ratio of 0.25.



On Sept. 8, Smithfield Foods, Inc. reported fiscal 2011 first quarter results. Net income was $76.3 million, or $.46 per diluted share, an improvement of $184.0 million, or $1.21 per diluted share, from the first quarter of fiscal 2010 . Consolidated operating profit improved $252.4 million versus a year ago. Generated first quarter cash flow from operations was in excess of $100 million.



Smithfield Foods Inc. is owned by George Soros, Andreas Halvorsen, and Arnold Schneider.

Buy: President and C.E.O. C Larry Pope bought 15,000 shares of SFD stock in October.



Blue Coat Systems Inc (BCSI): CFO C. Brooks Gordon Bought 2,000 Shares

CFO of Blue Coat Systems Inc, C. Brooks Gordon, bought 2,000 shares on 10/08/2010 at an average price of $25.01.

Blue Coat Systems Inc. secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat Systems Inc has a market cap of $1.07 billion; its shares were traded at around $25.01 with a P/E ratio of 22.74 and P/S ratio of 2.15.

On August 19, Blue Coat Systems, Inc. reported its financial results for its first fiscal 2011 quarter ended July 31, 2010. Total net revenue for the first quarter of fiscal 2011 was $122.5 million, an increase of 6% compared with net revenue of $116.0 million in the first quarter of fiscal 2010. On a GAAP basis, the Company reported net income of $13.9 million, or $0.29 per diluted share, for the first quarter of fiscal 2011, compared with net income of $4.0 million, or $0.09 per diluted share, in the first quarter of fiscal 2010.

Buy: CFO C. Brooks Gordon bought 2,000 shares of BCSI stock last week. Sell: SVP, WW Field Operations Kevin T Biggs and Sell: Chief Product Officer Brian M Nesmith sold shares in September.



Diamond Foods Inc. (DMND): Director John J Gilbert Bought 1,230 Shares

Director of Diamond Foods Inc., John J Gilbert, bought 1,230 shares on 10/12/10 at an average price of $43.83.

Diamond Foods is a branded food company specializing in processing, marketing, and distributing culinary, snack, in-shell and ingredient nuts under the Diamond of California and Emerald of California brands. Diamond Foods Inc. has a market cap of $958.52 million; its shares were traded at around $43.83 with a P/E ratio of 21.92 and P/S ratio of 1.41. The dividend yield of Diamond Foods Inc. stocks is 0.41%.



On Oct. 5, Diamond Foods, Inc. reported record financial results for its fourth quarter and full year of fiscal 2010. For the three months ended July 31, 2010 net income grew 60 percent to $6.7 million and fully diluted earnings per share (EPS) grew 20 percent over the prior year's quarter to $0.30, despite a 34 percent higher share count. Excluding $1.3 million in acquisition and integration costs related to the purchase of Kettle Foods in March, non-GAAP EPS was up 36 percent to $0.34 compared to $0.25 for the prior year's quarter.





Diamond Foods Inc. is the portfolios of Mario Gabelli and Ron Baron.



This month, Buy: Chairman, President & CEO Michael J Mendes, Buy: Director John J Gilbert, Buy: SVP, Corp Strategy & Comm Linda B Segre, and Buy: Chief Fin and Admin Officer Steven M Neil, Buy: SVP, General Counsel & HR Stephen Kim bought shares of DMND stock. Sell: Director Edward A Blechschmidt sold 2,000 shares.



SkyWest Inc. (SKYW): Director Robert Gary Sarver Bought 3,000 Shares

Director of SkyWest Inc., Robert Gary Sarver, bought 3,000 shares on 10/09/10 at an average price of $14.58.

SkyWest, Inc., through its wholly-owned subsidiary, SkyWest Airlines, Inc. Skywest Inc. has a market cap of $818.52 million; its shares were traded at around $14.58 with a P/E ratio of 10.2 and P/S ratio of 0.31. The dividend yield of Skywest Inc. stocks is 1.1%. Skywest Inc. had an annual average earning growth of 30.9% over the past 10 years. GuruFocus rated Skywest Inc. the business predictability rank of 2.5-star.

On August 4, SkyWest, Inc. reported operating revenues of $649.8 million for the quarter ended June 30, 2010, compared to $698.8 million for the same period last year. SkyWest also reported net income of $18.7 million or $0.33 per diluted share, for the quarter ended June 30, 2010, compared to $26.2 million of net income or $0.46 per diluted share, for the same period last year.



Buy: Director Robert Gary Sarver bought 3,000 shares of SKYW stock this month.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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