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Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:15 EDTANNEngine Capital, Red Alder urge Ann Inc. to explore strategic alternatives
Engine Capital, together with its affiliates, and Red Alder, who collectively own in excess of 1% of the outstanding shares of ANN Inc., announced that they have delivered a letter to the board of ANN. The letter states that the company is deeply undervalued and that opportunities exist to close the significant valuation gap and unlock shareholder value, including the sale of the company. The letter also stated that ANN could be conservatively worth between $50-$55 per share to a third party acquirer in a sale.
News For ANN From The Last 14 Days
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March 27, 2015
05:52 EDTANNAmerican Eagle downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).
March 13, 2015
09:35 EDTANNAnn Inc. sees impact of $4M in Q1, Q2 from West Coast port slowdown
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09:25 EDTANNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FXCM (FXCM), up 15.8%... El Pollo LoCo (LOCO), up 9.9%... Ulta Salon (ULTA), up 7.1%... Hibbett Sports (HIBB), up 5.1%... Ann Inc (ANN), up 5.5%... Spectrum Pharmaceuticals (SPPI), up 2.9%. ALSO HIGHER: Herbalife (HLF), up 5.1% following a Wall Street Journal report that federal prosecutors are investigating potential stock manipulation... Mobileye (MBLY), up 4.7% after being upgraded at Goldman... NXP Semiconductors (NXPI), up 1.7% after being initiated with a Strong Buy at Needham. DOWN AFTER EARNINGS: Aeropostale (ARO), down 13.2%... CTI BioPharma (CTIC), down 7.7%... Civeo (CVEO), down 3.4%. ALSO LOWER: Galena Biopharma (GALE), down 10.4% after announcing public offering of common stock and warrants... Whiting Petroleum (WLL), down 7.6% following a report from Reuters that explains that the company looks to sell certain assets instead of the whole company... Continental Building (CBPX), down 7.5% after 5M share Spot Secondary priced at $19.70.
09:21 EDTANNAnn Inc. expects external challenges of 2H14 will continue to impact 1H15
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09:19 EDTANNAnn Inc. says identifying opportunities to reduce costs, increase efficiencies
Says inventory plan for 2015 is "conservative." Says "fully committed" to restoring positive growth and momentum over the course of 2015. Says "headed down the right path" in 2015. Says Loft "well positioned" for spring season. Says evaluating all aspects of supply chain. Says identifying additional opportunities to further increase efficiencies, reduce costs. Says "excited" about growth potential for Lou & Grey. Says working on standalone Lou & Grey ecommerce site. Sees opportunities for thoughtful investments in growth of fleet in 2015, but says mindful of evolving retail environment. Says store opening plans for 2015 focused on low cost, high return markets. Expects to open approx. 40 stores in 2015, including 10 new Factory stores, 10 Loft full price stores, 15 Loft outlet stores; plans to close approx. 35 stores in FY15. Comments made on the Q4 earnings conference call. Ann Inc is up 5.53% in pre-market trading.
07:49 EDTANNAnn Inc. sees FY15 revenue $2.57B, consensus $2.60B
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07:48 EDTANNAnn Inc. sees Q1 revenue $605M, consensus $605.14M
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07:47 EDTANNAnn Inc. reports Q4 total comparable sales up 1%
At Ann Taylor, total brand comparable sales declined 0.4%, reflecting flat comparable sales at Ann Taylor, which includes Ann Taylor stores and anntaylor.com, and a decline of 1.5% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales increased 1.9%, reflecting an increase of 1.0% at LOFT, which includes LOFT stores and LOFT.com, and an increase of 6.6% in the LOFT Outlet channel.
07:47 EDTANNAnn Inc. reports Q4 EPS 12c, consensus (3c)
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