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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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August 18, 2015
07:47 EDTURBNUrban Outfitters reported 'enviable' results, says Stifel
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07:41 EDTURBNUrban Outfitters remains one of best positioned retailers, says Baird
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05:55 EDTANFAbercrombie to create six new roles in management revamp, WSJ reports
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05:48 EDTURBNStocks with implied volatility movement; URBN RAD
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August 17, 2015
20:06 EDTURBNUrban Outfitters shares fall after reporting mixed Q2 results
After the close, Urban Outfitters (URBN) reported second quarter earnings. WHAT'S NEW: Urban Outfitters reported Q2 earnings per share of 52c, above consensus estimates of 49c, and Q2 revenue of $867.46M, below analyst expectations of $881.16M. Urban Outfitters reported comparable retail segment net sales up 4%. Broken down by segment, comparable retail sales at Anthropologie increased 2%, Urban Outfitters increased 4%, Free People increased 14%, and wholesale segment net sales increases 21%. WHAT'S NOTABLE: During the earning conference call, CFO Frank Conforti said that during the third quarter, the gross margin rate could increase, driven by improvements in the Urban Outfitters brand. Conforti also said that the opportunity exists to increase gross margins for the fiscal year, though the magnitude of the increase depends on Q3 and Q4. Conforti also reaffirmed the company's fiscal 2016 capital expenditures guidance of $140M-$150M. ANALYST REACTION: On August 17, Wolfe Research initiated coverage of the stock with a Peer Perform and set a price target of $34.00. The firm said it believes that Urban Outfitters could see improving SSS trends in the second half of fiscal 2015 and said that the Urban Outfitters brand has showed "considerable improvement" and the firm estimates that the brand's gross margins could be in the high 20% range. After Urban Outfitters earnings were released, Nomura released a note indicating that the magnitude of the gross margin decline was "not as bad as expected" with Urban's Q2 gross margin of 36.7% vs. Nomura's estimate of 36.2%, and that shares have been discounting an additional cut to annual gross margins. The firm has a Neutral rating on the stock and a price target of $35.00. PRICE ACTION: Shares of Urban Outfitters are lower by 2.26% to $31.50 in after-hours trading.
19:00 EDTURBNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fabrinet (FN), up 5.1%. ALSO HIGHER: Esperion Therapeutics (ESPR), up 10.6% after announcing that it is on track to initiate ETC-1002 Phase 3 program by the end of 2015... Seattle Genetics (SGEN), up 3.3% after announcing FDA approval of Adcetris for HL treatment. DOWN AFTER EARNINGS: MasTec (MTZ), down 7.4%... Urban Outfitters (URBN), down 2.3%. ALSO LOWER: Sunedison (SUNE), down 1% after announcing a $500M perpetual convertible preferred stock offering.
17:48 EDTAPPAmerican Apparel reports 'substantial' concerns, may seek Title 11 protection
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17:22 EDTAPPAmerican Apparel reports Q2 EPS (11c) vs. (9c) in Q214
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17:08 EDTGPSGap initiated with an Underperform at Wolfe Research
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17:06 EDTURBNUrban Outfitters initiated with a Peer Perform at Wolfe Research
Target $34.
17:03 EDTAROAeropostale initiated with a Peer Perform at Wolfe Research
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17:02 EDTANFAbercrombie & Fitch initiated with an Underperform at Wolfe Research
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17:00 EDTAEOAmerican Eagle initiated with an Outperform, Top Pick at Wolfe Research
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16:04 EDTURBNUrban Outfitters reports Q2 Anthropologie SSS up 2%
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16:02 EDTURBNUrban Outfitters reports Q2 EPS 52c, consensus 49c
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14:52 EDTURBNUrban Outfitters August 32 straddle priced for 9.8% movement into Q2
14:48 EDTURBNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent (A), consensus 41c... Urban Outfitters (URBN), consensus 49c... MasTec (MTZ), consensus 15c... Fabrinet (FN), consensus 39c.
14:04 EDTURBNUrban Outfitters August volatility elevated into Q2 and outlook
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08:02 EDTURBNUrban Outfitters multiple decline overdone, says Stifel
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07:57 EDTAEOAmerican Eagle multiple decline overdone, says Stifel
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