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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:33 EDTRH, BBBY, PIR, KIRK, WSMBed 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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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
09:10 EDTRHRestoration Hardware should be bought ahead of earnings, says Cowen
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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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