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Stock Market & Financial Investment News

News Breaks
April 10, 2014
11:47 EDTWSM, PIR, BBBYBed Bath & Beyond approaches 52-week low after profit forecast disappoints
Shares of home furnishings retailer Bed Bath & Beyond (BBBY) are falling after the company's first quarter profit outlook significantly trailed analysts' consensus estimate. WHAT'S NEW: Last night, Bed Bath & Beyond reported Q4 earnings per share of $1.60 and revenue of $3.2B, compared to expectations of $1.60 and $3.22B, respectively. Q4 same-store sales increased 1.7%. WHAT'S NOTABLE: The company forecast Q1 EPS of 92c-96c, significantly trailing the consensus of $1.04, while Q1 revenue was seen increasing 2%-3.5%, compared to consensus of $2.37B. The company expects its Q1 SSS to increase 1%-2.5%. For FY14, EPS is seen by the company to grow by a mid-single digit percentage, compared to consensus of $5.27. FY14 revenue is forecast to grow 4%, versus consensus of $12.07B. ANALYST REACTION: This morning, Bank of America Merrill Lynch downgraded the stock to Neutral from Buy citing Bed Bath & Beyond's disappointing 2014 guidance. The firm lowered its price target on shares to $72 from $87. Two other firms, Credit Suisse and Argus, both lowered their respective price targets on the shares as well. OTHERS TO WATCH: Other companies in the home furnishings space include Williams-Sonoma (WSM) and Pier 1 Imports (PIR), which reported its own fourth quarter results this morning. PRICE ACTION: In late morning trading, Bed Bath & Beyond tumbled $4.26, or about 6.3%, to $63.65 on more than three times its average daily trading volume. The stock is approaching its 52-week low of $62.12. Including today's slide, the stock is down about 3% over the past twelve months. Pier 1, which reported better than expected Q4 revenue and authorized a new $200M stock repurchase program, was up 10c, or 0.55%, to $18.32.
News For BBBY;PIR;WSM From The Last 14 Days
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March 24, 2015
10:17 EDTWSMOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD NKTR GES VHC CTRP WSM WLL LNCO NLY ORCL
March 23, 2015
11:22 EDTWSMOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD NKTR RUSL XONE GES CTRP WSM NLY ADBE ORCL
March 20, 2015
16:22 EDTPIRGlenhill Advisors reports 5.2% passive stake in Pier 1 Imports
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10:18 EDTWSMOptions with decreasing implied volatility
Options with decreasing implied volatility: NKTR FOLD RUSL RSX ORCL GES CTRP SLXP WSM SPXS
10:00 EDTPIROn The Fly: Analyst Upgrade Summary
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09:24 EDTPIROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
05:41 EDTPIRPier 1 Imports upgraded to Outperform from Perform at Oppenheimer
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March 19, 2015
10:23 EDTWSMHigh option volume stocks
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10:02 EDTWSMOn The Fly: Analyst Downgrade Summary
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09:20 EDTWSMOn The Fly: Pre-market Movers
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07:40 EDTWSMWilliams-Sonoma Q4 better than it looks, says Deutsche Bank
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06:46 EDTWSMWilliams-Sonoma downgraded to Hold from Buy at BB&T
BB&T downgraded Williams-Sonoma to Hold following the in-line Q4 report based on valuation.
March 18, 2015
18:32 EDTWSMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
16:21 EDTWSMWilliams-Sonoma slips lower following earnings miss, levels to watch
Shares fell before earnings in the regular session and are continuing lower after hours. At the current price of $78.99, the stock is now below the 50-day moving average at $79.54 and that is now resistance. Next support based on current price is at $78.18.
16:18 EDTWSMWilliams-Sonoma increases quarterly dividend 2c to 35c per share
Williams-Sonoma announced that its board has authorized a 6% increase in the company’s quarterly cash dividend. The quarterly cash dividend will be increased to 35c from 33c per common share and is payable on May 28 to shareholders of record as of the close of business on April 24.
16:17 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.63
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16:16 EDTWSMWilliams-Sonoma sees Q1 EPS 40c-45c, consensus 54c
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16:14 EDTWSMWilliams-Sonoma reports Q4 EPS ex-items $1.52, consensus $1.52
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15:20 EDTWSMNotable companies reporting after market close
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07:19 EDTWSMWilliams-Sonoma volatility elevated into Q4 and outlook
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