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Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:20 EDTBBBY, PIR, KIRK, WSM, RHBed Bath & Beyond sinks after results, outlook miss estimates
Shares of home furnishings retailer Bed Bath & Beyond (BBBY) hit a fresh 52-week low after the company's first quarter results and second quarter profit outlook missed analysts' consensus estimates. WHAT'S NEW: Last night, Bed Bath & Beyond reported Q1 EPS of 93c and revenue of $2.66B, trailing analysts' consensus estimates of 94c and $2.69B, respectively. Q1 comparable sales grew 0.4% versus 3.4% last year. WHAT'S NOTABLE: The company modeled Q2 EPS of $1.08-$1.16, versus consensus of $1.20, while Q2 revenue was seen growing 2%-4%, compared to consensus of $2.92B. Q2 same store sales are seen growing 1%-3%. For fiscal 2014, EPS is seen increasing by a mid-single digit percentage and revenue is expected to grow 4%. FY14 SSS is expected to grow 3%. On the company's earnings conference call, management said it was "cautiously optimistic about the balance of the fiscal year." ANALYST REACTION: This morning, JP Morgan lowered its price target on the shares to $65 from $75 after the company's Q1 comparable sales and gross margin missed expectations. The firm kept a Neutral rating on the stock. Morgan Stanley said Bed Bath & Beyond remains unattractive given margin pressures and slippage as it executes its omni-channel strategy. The firm lowered its price target to $58 from $63 and reiterated its Underweight rating. PRICE ACTION: In late morning trading, Bed Bath & Beyond fell $5.61, or 9.2%, to $55.50 on nearly four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $54.95. Including today's pull back, the stock is down approximately 20% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Williams Sonoma (WSM), Pier 1 Imports (PIR), Restoration Hardware (RH), and Kirkland's (KIRK).
News For BBBY;WSM;PIR;RH;KIRK From The Last 14 Days
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May 21, 2015
11:06 EDTKIRKKirkland's says Q2 is normally a promotional quarter
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09:28 EDTKIRK, WSMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quality Systems (QSII), up 9.5%... Trina Solar (TSL), up 7.1%... Best Buy (BBY), up 7.5%... Kirkland's (KIRK), up 4.3% after reporting quarterly results, guidance, and announcing a $1.50 per share special dividend... Williams-Sonoma (WSM), up 3.8%... salesforce.com (CRM), up 4.8%... Youku Tudou (YOKU), up 1.2%. ALSO HIGHER: CTPartners (CTP), up 30.7% after agreeing to exclusive negotiations to be acquired by DHR International... Omnicare (OCR), up 1.3% after CVS Health (CVS) agrees to acquire the company for $98.00 per share, CVS Health is up 1%... Telenav (TNAV), up 3.3% after being initiated with an Outperform at Northland. DOWN AFTER EARNINGS: NetApp (NTAP), down 11.7%... Rexnord (RXN), down 9.9%... Dollar Tree (DLTR), down 2%. ALSO LOWER: Wave Systems (WAVX), down 22.9% after 7.3M share Spot Secondary priced at 65c... Lumber Liquidators (LL), down 16.5% after CEO resigns... Dicerna Pharmaceuticals (DRNA), down 5.8% after 2.75M share Secondary priced at $17.75.
09:03 EDTWSMOptions expected to be active
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06:50 EDTKIRKKirkland's sees Q2 EPS (13c)-(10c), consensus (4c)
Sees Q2 revenue $115M-$116M, consensus $115.38M. Sees Q2 SSS up 5%-7%.
06:49 EDTKIRKKirkland's sees FY15 EPS $1.18-$1.23, consensus $1.19
Sees FY15 revenue up 10$-12%. Sees FY15 SSS up 3%-5%.
06:47 EDTKIRKKirkland's reports Q1 EPS 14c, consensus 11c
Reports Q1 revenue $118.3M, consensus $117.68M. Reports Q1 SSS up 3%.
06:44 EDTKIRKKirkland's announces $1.50 per share special cash dividend
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May 20, 2015
19:02 EDTWSMOn The Fly: After Hours Movers
UP AFTER EARNINGS: salesforce.com (CRM), up 6.6%... Williams-Sonoma (WSM), up 4%. ALSO HIGHER: CTPartners (CTP), up 42% after agreeing to exclusive negotiations to be acquired by DHR International. DOWN AFTER EARNINGS: Xunlei (XNET), down 14.9%... NetApp (NTAP), down 8%... Open Text (OTEX), down 7.7%.... Rexnord (RXN), down 7.1%... Synopsys (SNPS), down 1.5%... Youku Tudou (YOKU), down 1.2%. ALSO LOWER: Wave Systems (WAVX), down 8.5% after filing to sell Class A common stock and warrants... OXiGENE (OXGN), down 5.1% after filing mixed securities shelf.
16:15 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.46
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16:13 EDTWSMWilliams-Sonoma sees Q2 EPS 53c-57c, consensus 59c
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16:11 EDTWSMWilliams-Sonoma reports Q1 EPS 48c, consensus 45c
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15:00 EDTKIRKNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
15:00 EDTWSMNotable companies reporting after market close
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14:31 EDTWSMWilliams-Sonoma technical commentary ahead of earnings
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May 19, 2015
15:35 EDTWSMWilliams-Sonoma June 77.5 straddle priced for 7.6% movement into Q1
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07:06 EDTWSMWilliams-Sonoma June volatility increases into Q1 and outlook
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May 18, 2015
08:33 EDTRHRestoration Hardware names Sanchak as Chief Real Estate & Development Officer
Restoration Hardware announced that David Stanchak has joined the Company as Chief Real Estate and Development Officer, effective immediately. In this newly created position, Stanchak will be leading the transformation of RH’s current legacy galleries into next generation Design Galleries, with responsibility for the company’s real estate and store development efforts. Stanchak will report to RH’s Chairman and CEO, Gary Friedman, and serve as a member of the company’s Executive Leadership team.
05:53 EDTBBBYStocks with implied volatility movement; YOKU BBBY
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May 15, 2015
14:03 EDTBBBYBed Bath & Beyond spikes on Leonard Green stake
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13:31 EDTBBBYBed Bath & Beyond rallies after Lenoard Green reports stake
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