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News Breaks
November 30, 2012
06:58 EDTANF, COSTStocks with implied volatility below IV index mean; ANF COST
Stocks with implied volatility below IV index mean; Abercrombie & Fitch (ANF), Costco (COST) according to iVolatility.
News For ANF;COST From The Last 14 Days
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October 9, 2015
11:32 EDTANFGap sinks to 52-week low after September SSS fall 1%
Shares of casual apparel retailer GAP (GPS) are sinking after the company's September same-store sales fell 1%. WHAT'S NEW: After the close on Thursday, Gap reported that net sales for the five-week period ended October 3 decreased 1% to $1.46B, compared with net sales of $1.48B for the five-week period ended October 4, 2014. On a constant currency basis, September net sales increased 2% compared with last year. Gap's comparable sales for September were down 1% versus flat last year. The company's comparable sales by global brand for September were as follows: Gap Global were flat versus (3%) last year; Banana Republic Global were (10%) versus 2% last year; Old Navy Global were 4% versus 1% last year. CFO Sabrina Simmons noted, "While September proved challenging, our leadership teams remain focused on taking the necessary steps to improve performance." WHAT'S NOTABLE: Gap now expects its gross margin rate for the third quarter to be similar to the second quarter. ANALYST REACTION: Friday morning, research firm MKM Partners downgraded Gap to Neutral from Buy and lowered its price target to $29 from $40. Analyst Roxanne Meyer said the Q3 shortfall was likely across all brands and significantly cut sales and margin estimates. Meyer said the Old Navy September comp miss is likely more than weather and the drag from Banana Republic. PRICE ACTION: In late morning trading, Gap fell $1.75, or just over 6%, to $27.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week low of $26.50. Including the pull back, the shares have lost approximately 26% over the past year. OTHERS TO WATCH: Other apparel retailers include Urban Outfitters (URBN), down 1.3%, American Eagle Outfitters (AEO), down fractionally, Abercrombie & Fitch (ANF) down 2.4%, Buckle (BKE) down 1.3%, and Guess? (GES), down 1%.
October 8, 2015
05:12 EDTCOSTCostco reports September SSS flat
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October 7, 2015
10:01 EDTANFOn The Fly: Analyst Initiation Summary
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07:22 EDTANFAbercrombie & Fitch initiated with a Neutral at Citi
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September 30, 2015
11:23 EDTCOSTCostco expects to add 32 net new warehouses in FY16
Says expects to add 32 net new warehouses in FY16, with 18-20 of these in the U.S. Says inventories "in good shape." Sees FY16 CapEx $2.8B-$3B. Comments made on the Q4 earnings conference call. Costco is up 0.49% to $144.43 in late morning trading.
09:13 EDTCOSTOn The Fly: Pre-market Movers
HIGHER: Mediwound (MDWD), up 25.5% after being awarded a BARDA contract valued up to $112M... Novavax (NVAX), up 8.4% after RSV F vaccine meets safety endpoints in its Phase 1 clinical trial... Western Digital (WDC), up 11.7% after receiving a $3.78B equity investment by Unisplendour Corporation... Esperion Therapeutics (ESPR), up 9.9% after being upgraded to Neutral from Sell at Chardan and after JPMorgan said they still see longer-term upside in the shares... Pericom Semiconductor (PSEM), up 6.5% after Montage Technology proposes to acquire the company for $18.50 per share... Fiat Chrysler (FCAU), up 5.2% after CNBC reported that the company could launch Ferrari's IPO as soon as Friday. NOTABLE: Ralph Lauren (RL), up 6.4% after appointing Gap's (GPS) global president of Old Navy, Stefan Larsson as CEO... Gap is down 7.4%. DOWN AFTER EARNINGS: Barracuda Networks (CUDA), down 28.5%... Costco (COST), down a half a percent.
05:22 EDTCOSTCostco reports Q4 EPS $1.73, consensus $1.66
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September 29, 2015
15:22 EDTCOSTCostco October weekly 143 straddle priced for 3.2% movement into Q4
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10:00 EDTCOSTOn The Fly: Analyst Initiation Summary
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06:14 EDTCOSTCostco October weekly volatility elevated into Q4 and outlook
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06:10 EDTCOSTCostco initiated with an Outperform at Telsey Advisory
Target $152.

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