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Stock Market & Financial Investment News

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June 10, 2014
09:10 EDTANF, ANF, BDE, BDE, BAGL, BAGL, IRG, IRG, JWN, JWN, HAIN, HAIN, ZUMZ, ZUMZ, RUTH, RUTH, PVH, PVH, TPX, TPX, CAKE, CAKE, NDLS, NDLSPiper Jaffray to hold a conference
34th Annual Consumer Conference is being held in New York on June 10-11 with webcasted company presentations to begin on June 10 at 9:15 am; not all company presentations may be webcasted. Webcast Link
News For ANF;CAKE;TPX;PVH;RUTH;ZUMZ;HAIN;JWN;IRG;BAGL;BDE;NDLS From The Last 14 Days
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April 22, 2015
08:08 EDTTPXH Partners: ISS recommends Tempur Sealy investors vote against three directors
H Partners Management, the largest shareholder of Tempur Sealy International with an approximate 10% stake, announced that ISS, a proxy advisor, has issued a report recommending that Tempur Sealy shareholders vote “AGAINST” the re-election of the following directors at the 2015 Annual Meeting of Shareholders to be held on May 8: Mark Sarvary, President and CEO; P. Andrews McLane, Chairman of the Board; Christopher A. Masto, Chairman of the Nominating and Corporate Governance Committee. Usman Nabi of H Partners said, “We are pleased that ISS emphatically supports our effort to hold the Board accountable for Tempur Sealy’s significant underperformance. We urge all shareholders to protect their investment and send a clear message to the Board that the status quo is unacceptable by voting against these three directors today. By replacing these directors with those that are truly aligned with the interests of all shareholders, we can lay the foundations for Tempur Sealy to achieve its full earnings potential.”
April 21, 2015
16:26 EDTTPXTempur Sealy coverage assumed with an Outperform at Wedbush
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April 17, 2015
15:07 EDTIRGIgnite Restaurant completes sale of Romano’s Macaroni Grill to Redrock Partners
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15:05 EDTIRGIgnite Restaurant names David Catalano as COO
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15:04 EDTIRGIgnite Restaurant names Brad Leist as CFO
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10:00 EDTHAIN, ZUMZOn The Fly: Analyst Downgrade Summary
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08:03 EDTTPXH Partners urges Tempur Sealy shareholders to vote against TS directors
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07:19 EDTZUMZZumiez downgraded to Neutral from Buy at B. Riley
B. Riley downgraded Zumiez to Neutral with a reduced price target of $40 from $44. Firm's checks suggest a lackluster final week of Spring, an up-tick in promotions and discounting this week, and difficult comps the rest of the year.
06:52 EDTHAINHain Celestial downgraded to Neutral from Buy at Longbow
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April 16, 2015
10:00 EDTCAKEOn The Fly: Analyst Initiation Summary
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10:00 EDTBDEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy at Goldman... Anglo American (AAUKY) downgraded to Sell from Neutral at Goldman... BAE Systems (BAESY) downgraded to Neutral from Buy at UBS... BHP Billiton (BHP) downgraded to Neutral from Conviction Buy at Goldman... Black Diamond (BDE) downgraded on valuation at Stifel... Boston Private Financial (BPFH) downgraded to Hold from Buy at Sandler O'Neill... Columbus McKinnon (CMCO) downgraded to Neutral from Buy at CL King... CoreSite Realty (COR) downgraded to Hold from Buy at Evercore ISI... Meggitt (MEGGF) downgraded to Sell from Neutral at UBS... Methanex (MEOH) downgraded to Sector Perform from Outperform at Scotia Capital... Nokia (NOK) downgraded to Neutral from Buy at Citigroup... SanDisk (SNDK) downgraded to Sell from Neutral at BTIG... Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at RBC Capital... Turquoise Hill (TRQ) downgraded to Hold from Speculative Buy at TD Securities... Washington Federal (WAFD) downgraded to Neutral from Buy at DA Davidson.
08:11 EDTTPXTempur Sealy backs annual adjusted EPS growth of 15% for 2015-2018
Backs annual net sales growth of 6% for 2015-2018. Backs annual operating margin improvement of 50 basis points for 2015-2018. Backs outlook of 3x leverage, with strong cash flow to return value to shareholders from 2015-2018. The company expects to generate $125M in operating income improvement by 2018 by making progress against four specific operational objectives: driving gross margin improvements for Sealy U.S.; achieving additional cost synergies from the Sealy acquisition; reducing adjusted operating expense as a percentage of revenue from 29% in 2014 to 28% by 2018; and implementing an enhanced 2015 pricing strategy. The company reiterated the confidence in its future and value creation in a letter mailed to shareholders.
07:35 EDTBDEBlack Diamond downgraded on valuation at Stifel
As noted earlier, Stifel downgraded Black Diamond to Hold from Buy. The firm downgraded the stock on valuation, as it believes that the shares fully reflect an optimistic takeover price for the company after it said it would explore strategic alternatives.
06:54 EDTBDEBlack Diamond downgraded to Hold from Buy at Stifel
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April 15, 2015
17:24 EDTCAKECheesecake Factory initiated with a Neutral at Guggenheim
14:58 EDTANFAbercrombie & Fitch June calls active
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10:00 EDTANFOn The Fly: Analyst Initiation Summary
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06:56 EDTANFAbercrombie & Fitch initiated with a Neutral at Guggenheim
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April 13, 2015
09:10 EDTTPXMattress sales grew 8.3% in February, ISPA says
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06:22 EDTANFGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
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