|March 20, 2014|
|11:12 EDT||BURL, M, SHLD, BONT, JCP||Burlington Stores rallies after profits surpass analyst forecast|
Shares of off-price branded apparel retailer Burlington Stores (BURL) are rallying after the company reported higher than anticipated fourth quarter earnings per share. WHAT'S NEW: Burlington Stores reported fourth quarter earnings per share of $1.07, topping analysts' consensus forecast of $1.03. The company's fourth quarter same-store-sales rose 4% and its revenue of $1.33B narrowly missed the consensus forecast of $1.34B. Burlington Stores said it sees first quarter adjusted earnings per share of 19c-23c, while analysts had a consensus view of 23c prior to the report. The company expects first quarter same-store-sales and FY14 same-store sales to be up 2%-3%. The retailer expects FY14 adjusted earnings per share of $1.25-$1.35, which is lower than analysts' consensus of $1.38. WHAT'S NOTABLE: During it's fourth quarter earnings conference call, the company said it sees Q1 total net sales to increase in the range of 5.4% to 6.4% and it plans to open two new stores. It said it will continue to focus on its pipeline of deals and expects to move toward a more balanced split between first half and second half openings in future years. OTHERS TO WATCH: Competitors of Burlington Stores include Macy's (M), Sears (SHLD), Bon-Ton Stores (BONT) and J.C. Penney (JCP). PRICE ACTION: During morning trading, shares of Burlington Stores rose 13.9% to $29.50.
News For BURL;M;SHLD;BONT;JCP From The Last 14 Days
Check below for free stories on BURL;M;SHLD;BONT;JCP the last two weeks.
|July 23, 2014|
|09:02 EDT||M||Macy's reports new initiates in multi-year program to enhance sustainability|
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|July 18, 2014|
|18:12 EDT||M||Visa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says|
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
|10:40 EDT||JCP||J.C. Penney call active on renewed takeover chatter |
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|10:28 EDT||JCP||Rumor: J.C. Penney moves up on renewed takeover chatter|
|July 17, 2014|
|11:00 EDT||BURL||High option volume stocks|
High option volume stocks: OMC FXC TSEM JRJC MAT MTG PRAN SEAS BURL
|06:23 EDT||BURL||Burlington Stores raises Q2 SSS growth to 3%-4% from 2%-3%|
For the full year, the company expects operating margin rates consistent with previous guidance, including an increase in Adjusted EBITDA margin rate of 10 to 20 basis points, as compared to the prior fiscal year.
|July 13, 2014|
|15:18 EDT||JCP||J.C. Penney CEO successor search faces setback, WSJ says |
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link
|July 9, 2014|
|12:05 EDT||JCP||Stocks with call strike movement; JCP DDD|
3D Systems (DDD) November 65 call option implied volatility decreased 2% to 47, J.C. Penney (JCP) November 11 call option implied volatility decreased 5% to 47 according to IVolatility.