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Stock Market & Financial Investment News

News Breaks
August 19, 2014
11:53 EDTURBN, ARO, AEO, ANFAeropostale soars as Geiger returns as CEO
Shares of teen apparel and accessory retailer Aeropostale (ARO) are soaring after the company announced that former Chief Executive Officer Julian Geiger is set to return to his previous position. The retailer also provided second quarter guidance. WHAT'S NEW: Aeropostale's former CEO, Julian Geiger, is taking over effective immediately, the company announced yesterday. Thomas Johnson is leaving the board of directors and will also step down from his role as CEO. Johnson plans to remain available to ensure a smooth transition, the company said. Geiger was chairman and CEO from 1998-2010, when he was replaced with Johnson, and was the CEO and president of Crumbs (CRMBQ) from 2011-2013. WHAT'S NOTABLE: For the second quarter, Aeropostale forecast adjusted EPS of (45c)-(42c), topping analysts' consensus of (58c). Previously, the retailer was anticipating a Q2 loss of (61c)-(55c). Aeropostale anticipates Q2 revenue of $396.2M, which is higher than analysts' $395.44M consensus. Comparable sales, including the e-commerce channel, for Q2 decreased 13% vs. last year. Aeropostale is set to report Q2 earnings on August 21. ANALYST REACTION: Wells Fargo analyst Paul Lejuez feels that the return of Geiger will not aid in the company's future improvement. He feels that Geiger knows Aeropostale better than anyone, but he does not know what he could do to change its current market position. Lejuez says that the retailer is struggling to reinvent itself as a clothing brand and growth potential is still limited. The analyst says that valuation risks include the retailer alienating its core customer even more, failing to attract new customers and that its systems infrastructure could be insufficient. The firm maintains a Market Perform rating on the stock. Piper Jaffrey analyst Stephanie Wissink says that her perspective remains unchanged following Aeropostale's latest announcements. She said that while some investors could view the return of Geiger as a positive move, he comes to the retailers in a different stage of his life. Wissink feels that Aeropostale's business is not decreasing, but its not increasing either. The firm maintains a price target of $4 and Neutral rating on the shares. PRICE ACTION: During late morning trading, shares of Aeropostale rose 78c or 24.07%, to $4.02. OTHERS TO WATCH: Aeropostale peers include Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Urban Outfitters (URBN).
News For ARO;ANF;AEO;URBN From The Last 14 Days
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August 18, 2015
10:00 EDTURBN, AEO, ANFOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at Wolfe Research... Abiomed (ABMD) initiated with a Buy at CRT Capital... Aeropostale (ARO) initiated with a Peer Perform at Wolfe Research... American Eagle (AEO) initiated with an Outperform, Top Pick at Wolfe Research... American Electric (AEP) initiated with a Buy at Mizuho... Benefitfocus (BNFT) initiated with an Overweight at First Analysis... Blue Buffalo Pet Products (BUFF) initiated with an Equal Weight at Morgan Stanley... Capitala Finance (CPTA) initiated with an Equal Weight at Stephens... Chico's (CHS) initiated with a Peer Perform at Wolfe Research... Children's Place (PLCE) initiated with an Outperform at Wolfe Research... Chimerix (CMRX) initiated with an Outperform at FBR Capital... Ciena (CIEN) initiated with a Market Perform at Northland... Crane (CR) initiated with an Outperform at William Blair... Entergy (ETR) initiated with a Neutral at Mizuho... Express (EXPR) initiated with an Outperform, Top Pick at Wolfe Research... Finisar (FNSR) initiated with a Market Perform at Northland... Francesca's (FRAN) initiated with a Peer Perform at Wolfe Research... Gap (GPS) initiated with an Underperform at Wolfe Research... Infinera (INFN) initiated with an Outperform at Northland... International Game (IGT) initiated with a Buy at Union Gaming... Juno Therapeutics (JUNO) initiated with an Outperform at FBR Capital... L Brands (LB) initiated with a Peer Perform at Wolfe Research... Luca Technologies (LUCA) initiated with an Outperform at Northland... Lumentum (LITE) initiated with an Outperform at Northland... M/A-COM (MTSI) reinstated with a Buy at Jefferies... MRV Communications (MRVC) initiated with an Outperform at Northland... Michael Kors (KORS) initiated with a Peer Perform at Wolfe Research... NN, Inc. (NNBR) initiated with a Buy at Stifel... NeoPhotonics (NPTN) initiated with an Outperform at Northland... Oclaro (OCLR) initiated with an Outperform at Northland... Scientific Games (SGMS) initiated with a Buy at Sterne Agee CRT... SolarCity (SCTY) initiated with a Neutral at UBS... Summit Materials (SUM) initiated with a Neutral at Citi... Tech Data (TECD) initiated with an Underperform at BofA/Merrill... Urban Outfitters (URBN) initiated with a Peer Perform at Wolfe Research... Zumiez (ZUMZ) initiated with an Underperform at Wolfe Research... lululemon (LULU) initiated with a Peer Perform at Wolfe Research.
09:49 EDTANFAbercrombie & Fitch falls to fresh multi-year lows
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08:46 EDTANFAbercrombie & Fitch confirms new leadership team for A&F brand
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07:47 EDTURBNUrban Outfitters reported 'enviable' results, says Stifel
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07:41 EDTURBNUrban Outfitters remains one of best positioned retailers, says Baird
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05:55 EDTANFAbercrombie to create six new roles in management revamp, WSJ reports
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05:48 EDTURBNStocks with implied volatility movement; URBN RAD
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August 17, 2015
20:06 EDTURBNUrban Outfitters shares fall after reporting mixed Q2 results
After the close, Urban Outfitters (URBN) reported second quarter earnings. WHAT'S NEW: Urban Outfitters reported Q2 earnings per share of 52c, above consensus estimates of 49c, and Q2 revenue of $867.46M, below analyst expectations of $881.16M. Urban Outfitters reported comparable retail segment net sales up 4%. Broken down by segment, comparable retail sales at Anthropologie increased 2%, Urban Outfitters increased 4%, Free People increased 14%, and wholesale segment net sales increases 21%. WHAT'S NOTABLE: During the earning conference call, CFO Frank Conforti said that during the third quarter, the gross margin rate could increase, driven by improvements in the Urban Outfitters brand. Conforti also said that the opportunity exists to increase gross margins for the fiscal year, though the magnitude of the increase depends on Q3 and Q4. Conforti also reaffirmed the company's fiscal 2016 capital expenditures guidance of $140M-$150M. ANALYST REACTION: On August 17, Wolfe Research initiated coverage of the stock with a Peer Perform and set a price target of $34.00. The firm said it believes that Urban Outfitters could see improving SSS trends in the second half of fiscal 2015 and said that the Urban Outfitters brand has showed "considerable improvement" and the firm estimates that the brand's gross margins could be in the high 20% range. After Urban Outfitters earnings were released, Nomura released a note indicating that the magnitude of the gross margin decline was "not as bad as expected" with Urban's Q2 gross margin of 36.7% vs. Nomura's estimate of 36.2%, and that shares have been discounting an additional cut to annual gross margins. The firm has a Neutral rating on the stock and a price target of $35.00. PRICE ACTION: Shares of Urban Outfitters are lower by 2.26% to $31.50 in after-hours trading.
19:00 EDTURBNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fabrinet (FN), up 5.1%. ALSO HIGHER: Esperion Therapeutics (ESPR), up 10.6% after announcing that it is on track to initiate ETC-1002 Phase 3 program by the end of 2015... Seattle Genetics (SGEN), up 3.3% after announcing FDA approval of Adcetris for HL treatment. DOWN AFTER EARNINGS: MasTec (MTZ), down 7.4%... Urban Outfitters (URBN), down 2.3%. ALSO LOWER: Sunedison (SUNE), down 1% after announcing a $500M perpetual convertible preferred stock offering.
17:06 EDTURBNUrban Outfitters initiated with a Peer Perform at Wolfe Research
Target $34.
17:03 EDTAROAeropostale initiated with a Peer Perform at Wolfe Research
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17:02 EDTANFAbercrombie & Fitch initiated with an Underperform at Wolfe Research
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17:00 EDTAEOAmerican Eagle initiated with an Outperform, Top Pick at Wolfe Research
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16:04 EDTURBNUrban Outfitters reports Q2 Anthropologie SSS up 2%
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16:02 EDTURBNUrban Outfitters reports Q2 EPS 52c, consensus 49c
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14:52 EDTURBNUrban Outfitters August 32 straddle priced for 9.8% movement into Q2
14:48 EDTURBNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent (A), consensus 41c... Urban Outfitters (URBN), consensus 49c... MasTec (MTZ), consensus 15c... Fabrinet (FN), consensus 39c.
14:04 EDTURBNUrban Outfitters August volatility elevated into Q2 and outlook
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08:02 EDTURBNUrban Outfitters multiple decline overdone, says Stifel
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07:57 EDTAEOAmerican Eagle multiple decline overdone, says Stifel
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