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Stock Market & Financial Investment News

News Breaks
August 19, 2014
11:53 EDTAEO, ANF, URBN, AROAeropostale 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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June 30, 2015
10:00 EDTANFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Market Perform from Outperform at FBR Capital... Apollo Education (APOL) downgraded on enrollment uncertainty at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Hold from Buy at Sandler O'Neill... Global Brass and Copper (BRSS) downgraded to Hold from Buy at BB&T... HSBC (HSBC) downgraded to Neutral from Buy at Goldman... Herman Miller (MLHR) downgraded to Neutral at Longbow... NiSource (NI) downgraded on valuation, post spinoff outlook at Argus... Sysco (SYY) downgraded to Hold from Buy at Deutsche Bank... TCF Financial (TCB) downgraded to Hold from Buy at Sandler O'Neill.
07:02 EDTANFAbercrombie & Fitch downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Abercrombie & Fitch to Market Perform and maintained its $24 price target. The firm said store productivity could be pressured across segments as the brand image turnaround is a ways out and may require a new generation of consumers. FBR said sweeping cultural changes are positive but benefits will take time, there is potential for continued margin pressure from international, and the teen/young adult industry is in a multiyear transition.
June 26, 2015
09:16 EDTAROStephens encouraged by Aeropostale back-to-school show
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June 25, 2015
14:14 EDTANFAbercrombie & Fitch, DoJ settle immigration related employment case
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June 24, 2015
09:11 EDTAEOAmerican Eagle says environment continues to be highly promotional
Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.
09:04 EDTAEOAmerican Eagle repeats Q2 EPS view 11c-14c, consensus 14c
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June 23, 2015
18:00 EDTAROS&P announces changes to the S&P 400, 500, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Columbia Pipeline Group (CPGX) will replace Allegheny Technologies (ATI) in the S&P 500, Allegheny Technologies will replace Unit Corp. (UNT) in the S&P MidCap 400, and Unit Corp. will replace PetroQuest Energy (PQ) in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. S&P 500 constituent NiSource (NI) is spinning off Columbia Pipeline Group in a transaction expected to be completed on that date. NiSource will remain in the S&P 500 following the distribution. Allegheny Technologies, Unit and PetroQuest are all ranked near or at the bottom of their current indices. S&P SmallCap 600 constituent Casey’s General Stores (CASY) will replace AOL (AOL) in the S&P MidCap 400, and Nektar Therapeutics (NKTR) will replace Casey’s General Stores in the S&P SmallCap 600 after the close of trading on Thursday, June 25. S&P 100 & 500 constituent Verizon (VZ) acquired AOL in a transaction completed today. TopBuild (BLD) will replace Aéropostale (ARO) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent Masco (MAS) is spinning off TopBuild in a transaction expected to be completed on that date. Masco will remain in the S&P 500 following the distribution. Aéropostale is ranked near the bottom of the S&P SmallCap 600. “New” Gannett Co. (GCI) will replace Quiksilver (ZQK) in the S&P SmallCap 600 after the close of trading on Friday, June 26. S&P 500 constituent Gannett Co. (GCI) is spinning off “new” Gannett Co. in a transaction expected to be completed on that date. Post spin, the parent company will change its name to TEGNA. and trade under the symbol “TGNA”. It will remain in the S&P 500 following the distribution. Quiksilver is ranked near the bottom of the S&P SmallCap 600. Cable ONE Inc. (CABO) will replace Peabody Energy (BTU) in the S&P MidCap 400 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Graham Holdings Company (GHC) is spinning off CableOne in a transaction expected to be completed on that date. Graham Holdings will remain in the S&P MidCap 400 following the distribution. Peabody Energy is ranked near the bottom of the S&P MidCap 400. The Chemours Co. (CC) will replace Semtech Corp. (SMTC) in the S&P MidCap 400, and Semtech will replace Paragon Offshore (PGN) in the S&P SmallCap 600 after the close of trading on Tuesday June 30. S&P 100 & 500 constituent E. I. du Pont de Nemours and Co. (DD) is spinning off Chemours in a transaction expected to be completed on that date. Dupont will remain in the S&P 100 & 500 following the distribution. Semtech and Paragon Offshore are ranked near or at the bottom of their current indices. “New “ Energizer Holdings (ENR) will replace Harsco (HSC) in the S&P MidCap 400, and Harsco will replace FXCM (FXCM) in the SmallCap 600 after the close of trading on Tuesday, June 30. S&P MidCap 400 constituent Energizer (ENR) is spinning off “new” Energizer in a transaction expected to be completed on that date. Post spin, the parent company will change its name to Edgewell Personal Care Co. and trade under the symbol “EPC”. It will remain in the S&P MidCap 400 following the distribution. Harsco and FXCM are ranked near or at the bottom of their current indices.
17:22 EDTAROTopBuild to replace Aeropostale in S&P 600 as of 6/30 close
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07:36 EDTANFJMP Securities to hold a conference
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07:15 EDTAEOOppenheimer to hold a conference
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June 19, 2015
14:42 EDTAROAeropostale slumps after EVP Emilia Fabricant to leave company
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