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November 30, 2012
10:25 EDTBDE, BDE, BDE, ZQK, ZQK, ZQK, VFC, VFC, VFC, SKUL, SKUL, SKUL, PSUN, PSUN, PSUN, LULU, LULU, LULU, JAH, JAH, JAH, HBI, HBI, HBI, GIL, GIL, GIL, ELY, ELY, ELY, ZUMZ, ZUMZ, ZUMZDA Davidson's active lifestyle analyst holds a conference call
Active Lifestyle Analyst Burns provides an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies BDE, ELY, GIL, HBI, JAH, LULU, PSUN, SKUL, VFC, ZQK and ZUMZ may be included on the Analyst/Industry conference call to be held on December 3 at 11 am.
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February 25, 2015
09:15 EDTHBIHanesbrands price target raised to $150 from $127 at Janney Capital
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09:05 EDTSKULSkullcandy Q4 results should beat expectations, says Roth Capital
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07:25 EDTJAHJPMorgan to hold a conference
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February 24, 2015
16:22 EDTHBIHanesbrands to acquire Knights Apparel at enterprise value of $200M
HanesBrands announced that it has entered into a definitive purchase agreement to acquire Knights Apparel, a seller of licensed collegiate logo apparel in the mass retail channel. Hanes is purchasing Knights, which is forecast to have sales of approximately $180M for the full-year 2015, from affiliates of Merit Capital Partners. The all-cash transaction values Knights at approximately $200M on an enterprise-value basis, or approximately 8 times expected full-year 2015 EBITDA. The post-synergy multiple is expected to be approximately 4˝ times EBITDA. Hanes intends to fund the acquisition with cash on hand and short-term borrowings on its revolving credit facility. The acquisition, which is subject to antitrust review and other customary closing conditions, is expected to close early in the second-quarter 2015. Assuming an early second-quarter close, the acquisition is expected to add to the company’s previously stated presplit 2015 financial guidance by approximately $160M in net sales, approximately $18M in adjusted operating profit excluding actions, and approximately 10c to presplit adjusted earnings per share excluding actions. Within two to three years when full synergies and benefits are realized, the purchase of Knights is expected to contribute approximately 30c of presplit annual adjusted EPS.
February 20, 2015
07:14 EDTLULUOppenheimer to hold a tour
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February 19, 2015
11:36 EDTVFCVF Corp. reaches settlement with RevoLaze in patent infringement case
RevoLaze, LLC, a laser technology firm headquartered in Westlake, OH, announced that it has reached a settlement and license agreement with VF Corporation regarding the patent infringement lawsuits filed with the International Trade Commission August 18, 2014 and Cleveland U.S. District Court on August 15, 2014 naming 17 denim jeans companies. The financial terms of the agreement are confidential.
February 18, 2015
10:42 EDTVFCApparel makers beyond Perry Ellis seen hurt by port slowdown
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February 17, 2015
18:43 EDTLULU, VFCApparel stocks lower after Perry Ellis warns of West Coast port disruption
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08:00 EDTGILGildan Activewear announces resignation of new CFO
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07:15 EDTJAHConsumer Analyst Group of New York (CAGNY) to hold a conference
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February 13, 2015
16:28 EDTVFCOn The Fly: Closing Wrap
Stocks on Wall Street opened the session in positive territory and remained there throughout the day. Although the market moved in a narrow range, the S&P 500 closed at an all-time high, the Nasdaq hit a 15 year high, and the Dow crossed back above 18,000 for the first time this year. There was little volatility in the market as investors looked forward to the three day President’s Day weekend. ECONOMIC EVENTS: In the U.S., consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January. The import price index for January declined 2.8%, versus the consensus forecast for a 3.2% drop. In Europe, Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strength in Germany. COMPANY NEWS: Shares of King Digital (KING) advanced $1.96, or 13.3%, to $16.70, while shares of Zynga (ZNGA) dropped 42c, or 15.79%, to $2.24 after both casual game makers last night announced fourth quarter results and provided their respective outlooks. The maker of Candy Crush and other games reported adjusted earnings per share and revenue that beat expectations and also announced a special dividend of 84c per share, while the revenue and outlook of its rival Zynga came in below expectations. MAJOR MOVERS: Among the notable gainers was Columbia Sportswear (COLM), which rose $7.91, or 18.15%, to $51.50 after the clothing maker reported better than expected sales and profits, gave an earning forecast that topped estimates and approved an additional $200M share repurchase authorization. Also higher following its earnings report was another clothing maker V.F. Corporation (VFC), the owner of the North Face, Vans and Timberland brands, which gained $4.26, or 6%, to $75.26. Among the noteworthy losers was MagnaChip Semiconductor (MX), which plunged $7.50, or 49.93%, to $7.52 and was downgraded at Topeka and Barclays after restating its financial statements for 2011, 2012, 2013, and the first three quarters of 2014. Also lower were shares of ConAgra (CAG), which slid $1.59, or 4.37%, to $34.83 after the packaged food maker said after last night's closing bell that it sees third quarter earnings per share 10c below the 62c it earned in the same quarter last year. INDEXES: The Dow rose 46.97, or 0.26%, to 18,019.35, the Nasdaq gained 36.22, or 0.75%, to 4,893.84, and the S&P 500 advanced 8.51, or 0.41%, to 2,096.99.
07:11 EDTJAHJarden should be owned into CAGNY next week, says Jefferies
Jefferies says Jarden is a stock to own into the Consumer Analyst Group of New York's conference next week. The firm raised its price target for shares to $63 from $59 following the company's "monster" Q4 results and keeps a Buy rating on the name.
07:04 EDTVFCVF Corp. sees FY15 EPS up 12% on currency netural basis vs. FY14
Consensus is $3.39. Revenue is expected to increase by 8% on a currency neutral basis. Revenues for the Outdoor & Action Sports coalition, including The North Face®, Vans® and Timberland® brands, are expected to increase at a low double-digit percentage rate currency neutral. Imagewear and Sportswear coalition revenues are expected to grow at a mid single-digit rate. Jeanswear is expected to grow at a low single-digit rate and Contemporary Brands revenues are expected to be nearly flat on a currency neutral basis. VF expects to spend approximately $700M under the company’s share repurchase program; when combined with the annual dividend, this will return more than $1.2B to shareholders in 2015. Gross margin is expected to improve by 40 basis points to reach 49.2%, which includes a 30 basis point headwind from changes in foreign currency. Operating margin is expected to reach 15%, including the negative impact of changes in foreign currency. In terms of revenue comparisons in 2015, on a currency neutral basis, we expect relatively consistent growth comparisons quarter-by-quarter throughout the year. Due to the rapid strengthening of the U.S. dollar in the second half of 2014, reported revenue comparisons in the second half of 2015 will be slightly stronger than in the first half. In terms of earnings cadence in 2015, the negative impact of currency movements is more pronounced in the first half of the year, especially in the first quarter when foreign currencies in 2014 were at their strongest level against the U.S. dollar and our international business mix is particularly high.
07:01 EDTVFCVF Corp. reports Q4 adjusted EPS 98c, consensus 98c
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February 12, 2015
15:41 EDTVFCNotable companies reporting before tomorrow's open
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09:29 EDTJAHJarden sees FY15 EPS $2.75-$2.90, consensus $2.87
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07:06 EDTJAHJarden reports Q4 adjusted EPS $1.15, consensus $1.11
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