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Stock Market & Financial Investment News

News Breaks
July 19, 2013
10:09 EDTURBN, S, MRO, GPS, BIG, ARO, LULU, UA, ROST, HES, CHS, APC, ANF, NCMI, UNP, TRIP, NBL, KND, FDO, AEO, NTWKOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with a Neutral at SunTrust... Aeropostale (ARO) initiated with a Neutral at SunTrust... American Eagle (AEO) initiated with a Neutral at SunTrust... Anadarko (APC) initiated with a Buy at Mizuho... Big Lots (BIG) initiated with a Market Perform at FBR Capital.. Chico's FAS (CHS) initiated with a Buy at SunTrust... Family Dollar (FDO) initiated with a Market Perform at FBR Capital... Gap (GPS) initiated with a Neutral at SunTrust... Hess Corp. (HES) initiated with a Buy at Mizuho... Kindred Healthcare (KND) initiated with an Overweight at Barclays... Marathon Oil (MRO) initiated with a Buy at Mizuho... Noble Energy (NBL) initiated with a Neutral at Mizuho... Ross Stores (ROST) initiated with a Buy at SunTrust... Sprint (S) coverage resumed with a Sell at Goldman... TripAdvisor (TRIP) initiated with a Buy at Ascendiant... Under Armour (UA) initiated with a Buy at SunTrust... Urban Outfitters (URBN) initiated with a Buy at SunTrust... lululemon (LULU) initiated with a Buy at SunTrust... Union Pacific (UNP) coverage assumed with an Outperform at Credit Suisse... NetSol Technologies (NTWK) initiated with a Buy at Maxim... National CineMedia (NCMI) initiated with a Buy at B. Riley.
News For ANF;ARO;AEO;APC;BIG;FDO;CHS;GPS;KND;HES;MRO;NBL;ROST;S;TRIP;UA;URBN;UNP;LULU;NTWK;NCMI From The Last 14 Days
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May 19, 2015
06:17 EDTTRIPTripAdvisor initiated with a Buy at Guggenheim
Target $100.
05:56 EDTURBNUrban Outfitters downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Urban Outfitters to Neutral and lowered its price target for shares to $36 from $50 after the company's Q1 results missed expectations. The firm sees pressure in Q2 and believes the retailer will be a "show me" story in the second half of 2015. Shares of Urban Outfitters were also downgraded this morning at Oppenheimer and Piper Jaffray.
05:53 EDTURBNUrban Outfitters downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Urban Outfitters to Perform with a $35 price target after the company's Q1 results missed expectations. Opco says retailers typically report multiple quarters of weaker than expected results. Shares of Urban Outfitters were also downgraded this morning at Piper Jaffray.
05:50 EDTURBNUrban Outfitters downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Urban Outfitters to Neutral with a $36 price target citing near-term transition uncertainty after the retailer's Q1 results missed expectations.
May 18, 2015
20:16 EDTANF, AEO, URBNUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
19:12 EDTURBNOn The Fly: After Hours Movers
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16:40 EDTURBNUrban Outfitters down 13% following weaker than expected Q1 results
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16:03 EDTURBNUrban Outfitters reports Q1 comparable retail segment net sales up 4%
Comparable Q1 retail segment net sales increased 17% at Free People, 5% at Urban Outfitters and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%.
16:02 EDTURBNUrban Outfitters reports Q1 EPS 25c, consensus 30c
Reports Q1 revenue $739.01M, consensus $758.25M.
15:29 EDTURBNOptions with increasing volume
Options with increasing volume: ACHN PAGP CBG NI NGLS LEA OKS GTI WETF URBN
15:14 EDTURBNUrban Outfitters technical comments ahead of earnings
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15:00 EDTURBNNotable companies reporting after market close
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12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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10:10 EDTURBNHigh option volume stocks
High option volume stocks: ASNA LAZ GTI CBRL ANN ISSI ANET HTS URBN LVLT
10:01 EDTHESOn The Fly: Analyst Downgrade Summary
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09:07 EDTSSprint extends availability of Direct 2 You service to Kansas City, Miami
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07:31 EDTURBNUrban Outfitters brands positioned for market share gains, says Brean Capital
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06:44 EDTHESHess Corp. downgraded to Neutral from Buy at Goldman
Goldman downgraded Hess to Neutral and lowered its price target to $68 from $80 based on reduced upside from lower oil/gas price forecasts.
05:10 EDTAPCAnadarko selects contractor for initial onshore Mozambique LNG development
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May 17, 2015
18:21 EDTMROMarathon Oil seeks buyers for East African onshore blocks, Reuters says
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