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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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August 21, 2014
15:15 EDTGPSNotable companies reporting after market close
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10:14 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:25 EDTAEOAmerican Eagle price target raised to $15 from $13 at RBC Capital
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05:58 EDTAEOAmerican Eagle upgraded to Buy from Neutral at Janney Capital
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August 20, 2014
17:19 EDTAEOAmerican Eagle upgraded to Buy from Neutral at SunTrust
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11:21 EDTAEOAmerican Eagle says search for new CEO 'underway'
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10:31 EDTAEOAmerican Eagle rallies after earnings beat, levels to watch
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08:05 EDTAEOAmerican Eagle sees Q3 EPS ex-items 17c-19c, consensus 18c
08:05 EDTAEOAmerican Eagle sees FY14 CapEx $230M
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08:04 EDTAEOAmerican Eagle reports Q2 EPS 3c, consensus 0c
Reports Q2 revenue $710.6M, consensus $689.94M. Reports Q2 SSS down 7%.
06:01 EDTAEOAmerican Eagle implied volatility of 52 at upper end of index mean range
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August 19, 2014
15:16 EDTAEONotable companies reporting before tomorrow's open
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14:43 EDTAEOAmerican Eagle September 11 straddle priced for 12.3% move into Q2
11:53 EDTAEO, ANFAeropostale soars as Geiger returns as CEO
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11:18 EDTAEOStocks with call strike movement; AEO TSLA
American Eagle (AEO) February 14 call option implied volatility decreased 2% to 39, Tesla (TSLA) December 285 call option implied volatility decreased 3% to 39 according to IVolatility.
10:28 EDTAEOHigh option volume stocks
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09:15 EDTAPPAmerican Apparel price target raised to $1.25 from $1 at Roth Capital
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05:48 EDTAEOStocks with implied volatility movement; AEO YHOO
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August 18, 2014
17:19 EDTAPPAmerican Apparel sees FY14 adjusted EBITDA $40M-$45M
17:18 EDTAPPAmerican Apparel reports Q2 EPS (9c), consensus (6c)
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