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Stock Market & Financial Investment News

News Breaks
January 10, 2014
10:39 EDTAPP, TLYS, ANF, AEO, GPSAbercrombie & Fitch rallies after raising full year profit view
Shares of casual apparel retailer Abercrombie & Fitch (ANF) are rallying after the company raised its full year adjusted profit view. WHAT'S NEW: Last night, Abercrombie & Fitch reported its fourth quarter comparable sales for the nine weeks ended January 4, including direct-to-consumer sales, decreased 6%. However, based on higher than expected sales for the fourth quarter-to-date, and ongoing cost reduction efforts, the company raised its full year adjusted earnings per share view to $1.55-$1.65 from its prior guidance of $1.40-$1.50. The consensus forecast of analysts prior to the company update was $1.47. ANALYST REACTION: This morning, analyst commentary was positive on A&F. Research firm Janney Capital upgraded Abercrombie to Buy from Neutral with a price target of $49. Another firm, Wells Fargo, increased its price target on the stock to $37-$39 from $33-$36, but kept a Market Perform rating on the shares. Brean Capital said it remained a buyer of Abercrombie & Fitch’s shares. Brean rates the shares a Buy with a $48 price target. PRICE ACTION: In early trading, Abercrombie & Fitch rose $3.86, or 11.6%, to $37.07 on twice its average daily trading volume. However, over the past twelve months, the shares are down about 24%. OTHERS TO WATCH: Abercrombie’s competitors include American Eagle Outfitters (AEO), American Apparel (APP), and Tilly’s (TLYS). Another Abercrombie competitor, The Gap (GPS), reported last night that its comparable sales in the months of November and December grew 1% and that, given the holiday performance, the company is "comfortable" delivering at the high end of its prior full-year earnings per share guidance range. Gap shares are up 0.8% to $39.75 after its own holiday sales update.
News For ANF;AEO;GPS;APP;TLYS From The Last 14 Days
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October 24, 2014
09:13 EDTANFAbercrombie & Fitch downgraded to Market Perform at BMO Capital
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06:45 EDTANFAbercrombie & Fitch downgraded to Market Perform from Outperform at BMO Capital
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06:40 EDTAEOAmerican Eagle downgraded to Neutral from Buy at Goldman
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06:38 EDTANFAbercrombie & Fitch downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Abercrombie & Fitch to Sell saying the company could miss consensus expectations due to weakness in Europe, negative same store sales growth in the U.S. and unfavorable currency movements. Goldman lowered its price target for shares to $27 from $34.
October 22, 2014
10:36 EDTGPSGap October calls active amid speculation it is reviewing strategic alternatives
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10:12 EDTGPSRumor: Gap up amid speculation it is reviewing strategic alternatives
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06:45 EDTAPPAmerican Apparel brings back creative director Alonzo, WWD reports
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October 21, 2014
10:00 EDTAEOOn The Fly: Analyst Initiation Summary
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06:06 EDTAEOAmerican Eagle initiated with an Outperform at BlueFin
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October 17, 2014
10:43 EDTAEO, ANFUrban Outfitters slumps after warning on continued retail sales weakness
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October 16, 2014
17:10 EDTANF, AEOAbercrombie & Fitch, American Eagle lower after Urban Outfitters warns on sales
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09:28 EDTGPSGap announces $500M share repurchase authorization
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09:00 EDTGPSGap approves $500M share repurchase authorization
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06:06 EDTGPSStocks with implied volatility below IV index mean; FXE GPS
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October 15, 2014
17:48 EDTAPPAmerican Apparel to make interest payment on bonds, Bloomberg says
According to sources retail chain American Apparel will make an interest payment on its bonds, says Bloomberg. American Apparel will make a payment of about $13M by today’s due date, added Bloomberg. Reference Link
06:06 EDTGPSStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 14, 2014
12:01 EDTGPSGap adds 63K jobs this holiday season
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06:01 EDTGPSStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 13, 2014
06:12 EDTGPSStocks with implied volatility below IV index mean; GPS EBAY
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October 10, 2014
06:00 EDTGPSStocks with implied volatility below IV index mean; GPS EBAY
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