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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:33 EDTPIR, KIRK, WSM, RH, BBBYBed 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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August 27, 2015
09:26 EDTWSMOn The Fly: Pre-market Movers
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09:26 EDTWSMWilliams-Sonoma shares should be bought on post-earnings dip, says JPMorgan
JPMorgan analyst Christopher Horvers said he sees "numerous credible reasons" giving him confidence that Williams-Sonoma can still drive topline growth and margin improvements and recommends investors "buy the dip" he expects in shares following the company's Q2 report. Horvers trimmed his price target on Williams-Sonoma to $97 from $103 but maintains an Overweight rating on the stock.
08:53 EDTWSMWilliams-Sonoma downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded Williams-Sonoma to Neutral with a new $88 price target. The firm downgraded shares based on year-to-date outperformance and said ongoing investments will limit earnings flow through.
08:00 EDTWSMWilliams-Sonoma weakness creates buying opportunity, says SunTrust
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07:51 EDTWSMWilliams-Sonoma weakness creates buying opportunity, says Oppenheimer
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August 26, 2015
20:03 EDTWSMOn The Fly: After Hours Movers
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17:51 EDTWSMWilliams-Sonoma says has 'strong lineup' for 2H15
Says plans to launch three times the amount of new products in Q3 compared to the prior year period. Says expects to open four new locations in Q3. Says has made "good progress" across all brands in 1H15 and expects market share gains in 2H15. Comments from company's Q2 earnings conference call.
16:14 EDTWSMWilliams-Sonoma falls after earnings
The shares were last at $80 in the extended session following earnings, down over 3.5%. At that price next support is at $77.75. Resistance is at $81.
16:14 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.48
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16:13 EDTWSMWilliams-Sonoma sees Q3 EPS 68c-73c, consensus 75c
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16:11 EDTWSMWilliams-Sonoma reports Q2 EPS 58c, consensus 58c
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15:00 EDTWSMNotable companies reporting after market close
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August 21, 2015
08:42 EDTWSMWilliams-Sonoma August weekly volatility elevated into Q2 and outlook
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07:58 EDTKIRKKirkland's weakness overdone, says SunTrust
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August 20, 2015
11:18 EDTKIRKKirkland's says expects to generate positive cash flow in FY15
Sees FY CapEx $29M-$31M.
11:10 EDTKIRKKirkland's says data processing issue 'not a data breach in any way'
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06:37 EDTKIRKKirkland's sees Q3 EPS 2c-5c, consensus 11c
SeesQ3 revenue $130M-$132M, consensus $131.23M. Sees Q3 SSS up 3%-4%.
06:34 EDTKIRKKirkland's sees FY15 adjusted EPS $1.16-$1.23, consensus $1.26
Sees FY15 revenue up 11%-12%. Sees FY15 SSS up 3%-5%.
06:32 EDTKIRKKirkland's reports Q2 SSS up 6.7%
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06:32 EDTKIRKKirkland's reports Q2 EPS (13c), consensus (11c)
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