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Stock Market & Financial Investment News

News Breaks
March 11, 2014
10:36 EDTARO, AEO, GPS, ANF, APP, URBNAmerican 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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January 25, 2015
20:25 EDTURBNUrban Outfitters could be more attractive, Barron's says
Urban Outfitters shares could be more attractive if the company can stabilize the namesake brand, Barron's contends in its 'The Trader' column. If the brand continues to recover, then the stock will too, the paper adds. Reference Link
January 23, 2015
15:37 EDTGPSGap to close Piperlime brand
Gap announced the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015. The company is committed to executing against its long-term strategy of driving profitable top line sales, and going into the new fiscal year, the company will focus on its portfolio of five brands – Gap, Old Navy, Banana Republic, Athleta and Intermix, as well as digital and global growth. While Gap Inc. does not break out Piperlime’s sales independently, the brand is by far the smallest of the company’s portfolio with yearly revenue below $100M, representing less than 1% of Gap Inc.’s total revenue base of over $16B, the company said. The wind-down costs associated with the decision are not material to the company’s financials, Gap added.
09:10 EDTAPPAmerican Apparel rumored to prepare to accept $1.30 per share bid, FT blog says
American Apparel, which previously rejected a $1.40 per share takeover bid as too low, appears to have had a "rethink" and it "appears that $1.30 is just right now" and "a deal is just about done," according to posts in a Financial Times Alphaville Markets Live chat. The chat cautioned that the comments are "market chatter – information that has not been formally tested through traditional journalistic channels." Reference Link
January 21, 2015
12:12 EDTGPSBest Buy, home retailers seen getting biggest bump from Sears demise
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11:23 EDTANFSnow Capital reports 5.1% passive stake in Abercrombie & Fitch
January 16, 2015
10:01 EDTGPSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
10:01 EDTGPSOn The Fly: Analyst Downgrade Summary
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08:59 EDTGPSGap downgraded at Atlantic Equities
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06:22 EDTGPSGap downgraded to Neutral from Overweight at Atlantic Equities
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January 15, 2015
17:06 EDTGPSGap initiated with a Market Perform at Bernstein
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January 13, 2015
08:43 EDTAEOAmerican Eagle has reached positive turning point, says BMO Capital
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