New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:18 EDTZUMZ, URBN, PSUN, PLCE, NWY, LULU, KORS, GPS, FRAN, EXPR, CHS, BKE, BEBE, ARO, ANN, AEO, ANFSoftlines sector upgraded to Neutral from Underweight at Janney Capital
Janney Capital upgraded the Softlines sector to Neutral from Underweight citing evidence of sequential improvement in inventory levels throughout the companies in the area along with an improving promotional environment. Janney's covered names in the sector include Abercrombie & Fitch (ANF), American Eagle (AEO), Ann Inc. (ANN), Aeropostale (ARO), bebe (BEBE), The Buckle (BKE), Chico's FAS (CHS), Express (EXPR), Francesca's (FRAN), Gap (GPS), Michael Kors (KORS), lululemon (LULU), New York & Co. (NWY), Children's Place (PLCE), Pacific Sunwear (PSUN), Urban Outfitters (URBN) and Zumiez (ZUMZ).
News For ANF;AEO;ANN;ARO;BEBE;BKE;CHS;EXPR;FRAN;GPS;KORS;LULU;NWY;PLCE;PSUN;URBN;ZUMZ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
October 9, 2014
07:41 EDTGPSGap long-term buy thesis remains intact, says UBS
UBS said the long-term buy thesis for Gap remains intact following its disappointing Q3 results and CEO change. The firm expects the CEO transition to be smooth with no meaningful changes in strategy. UBS lowered its second half estimates for Gap and lowered its price target on the stock to $48 from $50, but maintains its Buy rating on the shares.
07:33 EDTGPSGap volatility elevated into the retirement of CEO Glenn Murphy
Subscribe for More Information
07:16 EDTGPSGap CEO change positive, says Stifel
Subscribe for More Information
07:01 EDTBKEThe Buckle reports September SSS up 2.2%
Subscribe for More Information
06:11 EDTGPSGap downgraded to Neutral from Buy at Janney Capital
Subscribe for More Information
06:10 EDTLULUStocks with implied volatility below IV index mean; NKE LULU
Subscribe for More Information
05:48 EDTGPSGap downgraded to Neutral from Buy at Sterne Agee
Subscribe for More Information
05:38 EDTGPSGap downgraded to Market Perform from Outperform at Wells Fargo
Subscribe for More Information
October 8, 2014
18:31 EDTGPSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
16:50 EDTGPSGap CEO Glenn Murphy says board planned CEO succession
Gap's outgoing chairman and CEO Glenn Murphy stated that the CEO transition to Art Peck was planned in advance and was a part of the company's growth plan. Murphy stated that the board asked him to stay but he is not able to make a personal commitment to be at the company to execute long-term plans. Murphy says he will work closely with Peck during the transition period. Comments made during CEO transition conference call.
16:08 EDTGPSGap trades sharply lower in the extended session
The stock is down over 8% to $38.49 in the after hours market. At that price next support is at $37.25. Resistance is at $39.48.
16:05 EDTGPSGap reports September net sales up 1% vs. last year
Subscribe for More Information
16:03 EDTGPSGap names Art Peck to succeed Glenn Murphy as CEO
Gap Inc. announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the board to succeed Glenn Murphy as the company’s next CEO, effective February 1, 2015. Murphy made the personal decision to retire from the company at the end of the fiscal year, allowing for a smooth leadership transition. Peck joined the company in 2005. As part of the transition, Bob Fisher will become non-executive Chairman of the board, and Peck will join the board, effective February 1, 2015.
16:01 EDTZUMZZumiez reports September SSS up 6.6%
Subscribe for More Information
16:01 EDTGPSGap names Art Peck to succeed Glenn Murphy as CEO
Subscribe for More Information
10:38 EDTFRANHigh option volume stocks
High option volume stocks: FRAN RMTI ACM CY CLNY SMH BEAV SIG CTB DUG SHLD
06:00 EDTLULUStocks with implied volatility below IV index mean; ADHD LULU
Stocks with implied volatility below IV index mean; Alcobra (ADHD) 123, lululemon (LULU) 35 according to iVolatility.
October 7, 2014
11:34 EDTCHS, ANNChristopher & Banks plummets after cutting Q3 revenue outlook
Shares of specialty women's apparel retailer Christopher & Banks (CBK) are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: This morning, Christopher & Banks lowered its Q3 revenue outlook to $114M-$118M from its previous guidance of $122M-$124, trailing the consensus of $123.98M. The company also cut the top end of its Q3 margin forecast, lowering its margin growth outlook to 75-100 basis points from its prior view of 75-125 bps. SG&A dollars for the quarter are expected to be approximately $33.5M-$34M, below its prior guidance of $34M-$34.5M. Christopher & Banks expects its inventory at the end of the quarter will remain higher than the comparable prior year period on a dollar per square foot basis, but at a level lower than at the end of Q2, due to planned higher levels of core inventory. WHAT'S NOTABLE: The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show. The company noted that the demand for fashion merchandise exceeded planned inventory levels, due to late receipts associated with the West Coast port disruptions. President and Chief Executive Officer LuAnn Via said in a statement, "We believe that the continued softness in traffic trends, coupled with the difficult overall retail environment, have adversely affected our sales as compared to our initial expectations for the quarter." She said the firm assumes promotional activity will continue to be aggressive and that the current environment will continue to be challenging, creating continued pressure on sales and margins. PRICE ACTION: In late morning trading, Christopher & Banks fell $2.69, or about 30%, to $6.40 on nearly four times its average daily trading volume. Despite today's pull-back, the shares have only lost approximately 2% over the past 12 months. OTHERS TO WATCH: Other specialty women's retailers include Chico's FAS (CHS), down 1.28%, Ann Inc. (ANN), down 2.1%, and L Brands (LB), down 1.13%.
09:42 EDTKORSMichael Kors mentioned positively at OTR Global
Subscribe for More Information
07:32 EDTANNAnn opens first LOFT store in Mexico
ANN announced the opening of its first LOFT store in Mexico, continuing the Company's international expansion. The store is located in the Antea Lifestyle Center in Queretaro, with additional locations planned for later this year in Mexico City's Parque Toreo Mall and Puebla's Angelopolis Mall. ANN INC. is working with its franchise partner Grupo Axo to establish its retail presence in Mexico.
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use