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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:27 EDTARO, GPS, APP, ANF, AEOAbercrombie rises after beating high-end of Q4 earnings expectations
Shares of apparel retailer Abercrombie & Fitch (ANF) are rising after the company reported higher than expected fourth quarter earnings. WHAT'S NEW: The company reported fourth quarter earnings per share excluding items of $1.34 on revenue of $1.3B. Analysts were looking for fourth quarter earnings per share of $1.03 on revenue of $1.36B, according to First Call. The consensus range for earnings per share was 92c-$1.17 on revenue of $1.25B-$1.67B. Abercrombie & Fitch also reported fourth quarter same-store sales were down 8%. WHAT'S NOTABLE: Abercrombie & Fitch announced that its board approved a $150M accelerated share repurchase to be executed during the first quarter of FY14. The company forecast a high-single digit decline in comparable store sales and an approximate 20% increase in comparable direct-to-consumer sales in FY14. The company also said it sees a significant increase in planned marketing spend in FY14 and anticipates opening 16 full-priced international stores throughout the year. OTHERS TO WATCH: Retail rivals to Abercrombie & Fitch include American Eagle Outfitters (AEO), Aeropostale (ARO), American Apparel (APP), and Gap (GPS). PRICE ACTION: During mid-morning trading, shares of Abercrombie & Fitch rose about 8% to $38.84, while Aeropostale was up almost 5%, American Eagle gained 3%, and American Apparel and Gap both advanced about 1%.
News For ANF;AEO;ARO;APP;GPS From The Last 14 Days
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July 6, 2015
08:47 EDTAPPAmerican Apparel announces phase in turnaround, $30M in cost cutting initiative
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July 2, 2015
08:07 EDTAROAeropostale signs new licensing agreements in India and Indonesia
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June 30, 2015
10:00 EDTANFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Market Perform from Outperform at FBR Capital... Apollo Education (APOL) downgraded on enrollment uncertainty at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Hold from Buy at Sandler O'Neill... Global Brass and Copper (BRSS) downgraded to Hold from Buy at BB&T... HSBC (HSBC) downgraded to Neutral from Buy at Goldman... Herman Miller (MLHR) downgraded to Neutral at Longbow... NiSource (NI) downgraded on valuation, post spinoff outlook at Argus... Sysco (SYY) downgraded to Hold from Buy at Deutsche Bank... TCF Financial (TCB) downgraded to Hold from Buy at Sandler O'Neill.
07:02 EDTANFAbercrombie & Fitch downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Abercrombie & Fitch to Market Perform and maintained its $24 price target. The firm said store productivity could be pressured across segments as the brand image turnaround is a ways out and may require a new generation of consumers. FBR said sweeping cultural changes are positive but benefits will take time, there is potential for continued margin pressure from international, and the teen/young adult industry is in a multiyear transition.
June 29, 2015
06:20 EDTGPSGap plans two flagship stores for brands in Times Square, WSJ reports
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June 26, 2015
14:25 EDTGPSGap to take over Toys R Us location in Times Square, CNBC reports
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09:16 EDTAROStephens encouraged by Aeropostale back-to-school show
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June 25, 2015
14:14 EDTANFAbercrombie & Fitch, DoJ settle immigration related employment case
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10:00 EDTGPSOn The Fly: Analyst Initiation Summary
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08:45 EDTGPSGap initiated with a Hold at BB&T
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June 24, 2015
09:11 EDTAEOAmerican Eagle says environment continues to be highly promotional
Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.
09:04 EDTAEOAmerican Eagle repeats Q2 EPS view 11c-14c, consensus 14c
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June 23, 2015
18:00 EDTAROS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:22 EDTAROTopBuild to replace Aeropostale in S&P 600 as of 6/30 close
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07:36 EDTANFJMP Securities to hold a conference
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07:17 EDTAPPAmerican Apparel unveils Dov Charney’s “sordid” behavior, NY Post reports
American Apparel disclosed “sordid details” of the investigation into founder and former CEO Dov Charney, who recently filed a defamation suit against the company, that resulted in his firing, the New York Post reports, citing a court filing. The filing says that the company found “voluminous evidence” that Charney had “sexual liaisons” with employees and models, exchanged pornographic emails and text messages, and took videos and photographs of these encounters using company property, the report says. Reference Link
07:15 EDTAEOOppenheimer to hold a conference
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June 22, 2015
09:08 EDTAPPAmerican Apparel sued by former CEO Charney, LA Times reports
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