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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:33 EDTKIRK, WSM, RH, BBBY, PIRBed Bath & Beyond slips despite $2B buyback following downgrade
Shares of home decor retailer Bed Bath & Beyond (BBY) are sliding this morning despite its board authorizing a new $2B share repurchase program. The drop in the stock this morning also comes after Bank of America Merrill Lynch downgraded the stock to an Underperform from a Neutral rating. WHAT'S NEW: Bed Bath & Beyond authorized a new $2B share repurchase program, which it expects it will commence after the completion of its existing share repurchase program. The company noted that, as of May 31, it had approximately $861M remaining under its existing buyback program. The company is currently planning that the new share repurchase program will be completed during full-year 2016, it added. ANALYST OPINION: Bank of America Merrill Lynch analyst Denise Chai downgraded Bed Bath & Beyond to Underperform this morning, stating that the firm sees ongoing risk to the company's guidance and estimates driven by "modest" store traffic patterns and ongoing pressure to sales and margins from online rivals. Chai says that the market views online rivals as Bed Bath & Beyond's main threat to comps and feels that the retailer made a crucial mistake in waiting until 2012 to make major investment in its online platform. For this reason, the firm feels that the company will face a continuous cycle of very limited online growth, flat comps, forced reinvestment and deleverage going forward. BofA Merrill Lynch lowered its price target on the stock to $51 from $63. 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). PRICE ACTION: During morning trading, Bed Bath & Beyond was down 15c, or 0.25%, to $59.20.
News For BBBY;WSM;PIR;RH;KIRK From The Last 14 Days
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December 12, 2014
09:23 EDTRHRestoration Hardware Q4 guidance conservative, says Janney Capital
Janney Capital believes Restoration Hardware remains one of the best growth stories in retail and thinks the company's Q4 guidance is conservative. The firm maintains its Buy rating on the stock and raised its fair value estimate on the shares to $96 from $87.
08:45 EDTPIRPier 1 Imports volatility elevated into Q3 and outlook
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December 11, 2014
16:30 EDTRHOn The Fly: Closing Wrap
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13:03 EDTRHOn The Fly: Midday Wrap
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12:34 EDTPIR, WSM, RHRestoration Hardware hits 52-week high after beating Q3 estimates
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10:24 EDTRHOptions with decreasing implied volatility
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10:21 EDTRHHigh option volume stocks
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08:39 EDTRHRestoration Hardware price target raised to $115 from $90 at RW Baird
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07:11 EDTRHRestoration Hardware strategy appears to be working, says Wells Fargo
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06:48 EDTRHRestoration Hardware price target raised to $100 from $90 at Deutsche Bank
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December 10, 2014
18:31 EDTRHOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
16:26 EDTRHRestoration Hardware up over 5% after Q3 results, guidance
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16:15 EDTRHRestoration Hardware sees FY14 CapEx $115M-$125M
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16:14 EDTRHRestoration Hardware raises FY14 adjusted EPS view to $2.33-$2.35
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16:12 EDTRHRestoration Hardware sees Q4 adjusted EPS 99c-$1.01, consensus $1.00
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16:11 EDTRHRestoration Hardware raises FY14 adjusted EPS view to $2.33-$2.35
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16:08 EDTRHRestoration Hardware reports Q3 adjusted EPS 49c, consensus 48c
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15:25 EDTRHNotable companies reporting after market close
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December 9, 2014
14:47 EDTKIRKKirkland's management to meet with Piper Jaffray
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14:43 EDTRHRestoration Hardware volatility elevated into Q3 and outlook
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