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Stock Market & Financial Investment News

News Breaks
March 11, 2014
10:36 EDTAEO, URBN, ANF, ARO, APP, GPSAmerican Eagle, Urban Outfitters fall after earnings reports
Shares of mall-based clothing retailers American Eagle (AEO) and Urban Outfitters (URBN) are sliding after the both companies reported fourth quarter earnings per share that beat analysts' expectations but also sounded cautious notes about the current quarter. WHAT'S NEW: American Eagle reported fourth quarter adjusted earnings per share of 27c which narrowly beat analysts' consensus estimate of 26c. The company's revenue of $1.04B also edged out the consensus estimate of $1.03B, though American Eagle reported fourth quarter same-store-sales fell 7% from last year. The company said it expects its Q1 EPS to breakeven compared to adjusted EPS of 18c last year based on a high single-digit decline in comparable sales and added that "Business conditions remain challenging, with severe winter weather contributing to weak demand." Retail rival Urban Outfitters reported fourth quarter earnings per share of 59c, beating analysts' estimate of 55c, on revenue of $905.9M, which fell below the expectation of $927.86M. The company said comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 1%. Urban Outfitters' CEO said the company will remain "very cautious" about its upcoming first quarter performance due to continued challenges. WHAT'S NOTABLE: During its fourth quarter earnings conference call, American Eagle said business has remained highly competitive and sales trends have been choppy so far this year, though added that it was encouraged by what it saw in the first few weeks of January. The company also noted that its search for a new CEO is under way. OTHERS TO WATCH: Retail rivals to both American Eagle and Urban Outfitters include Abercrombie & Fitch (ANF), Aeropostale (ARO), American Apparel (APP) and Gap (GPS). PRICE ACTION: During morning trading, shares of American Eagle fell 6.2% to $13.33, while Urban Outfitters was down 4.9% to $35.68. Shares of Abercrombie, American Apparel and Gap were all lower as well, though Aeropostale rose over 2% to $7.15 per share.
News For AEO;URBN;ANF;ARO;APP;GPS From The Last 14 Days
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September 19, 2014
10:06 EDTAEOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
07:27 EDTURBNUrban Outfitters initiated with a Neutral at Buckingham
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06:30 EDTAEOAmerican Eagle upgraded to Buy from Neutral at Goldman
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September 18, 2014
10:57 EDTGPS, AEO, ANFU.S. ITC to investigate 17 denim jean companies for patent infringement
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September 17, 2014
10:00 EDTGPSOn The Fly: Analyst Initiation Summary
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September 16, 2014
16:29 EDTGPSGap assumed with a Neutral at Piper Jaffray
Price target raised to $46 from $43.
16:29 EDTANFAbercrombie & Fitch assumed with an Overweight at Piper Jaffray
Price target lowered to $45 from $48.
16:29 EDTAEOAmerican Eagle assumed with a Neutral at Piper Jaffray
Target $13.
09:59 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:25 EDTAEOOn The Fly: Pre-market Movers
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08:01 EDTURBNUrban Outfitters September volatility elevated at 29
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07:09 EDTAEOAmerican Eagle upgraded to Overweight from Equal Weight at Stephens
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September 12, 2014
16:20 EDTAPPAmerican Apparel amends loan agreement with SG, removes Charney default clause
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September 11, 2014
06:38 EDTGPSApple hires Gap's Marcela Aguilar for marketing role, Ad Age reports
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September 10, 2014
09:22 EDTURBNOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
09:13 EDTURBNUrban Outfitters shares should be bought on weakness, says Stifel
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08:50 EDTURBNUrban Outfitters comp trends poised to accelerate, says William Blair
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September 9, 2014
18:31 EDTURBNOn The Fly: After Hours Movers
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16:44 EDTURBNUrban Outfitters slips after hours on Q3 SSS
The company said that its Q3 same store sales were so far in the low single-digits negative. Shares are down in the extended session by 2.6% to $37.86. At that price support is at $36.99. Resistance is at $38.59.
16:25 EDTURBNUrban Outfitters says Q3 SSS thus far are low single-digit negative
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