New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:12 EDTJCP, M, BONT, BURL, SHLDBurlington 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
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
09:37 EDTJCPActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
09:20 EDTMMacy's sales soft through mid-December, says Cleveland Research
Cleveland Research said Macy's sales are tracking in the range of +1% to +2% through mid-December, vs. consensus of +2.2%. The firm said soft customer traffic trends remain the primary headwind for the quarter. Shares are Buy rated.
December 17, 2014
08:24 EDTSHLDSears 'strategic misdirection' highlighted by Mygofer failure, WSJ says
Subscribe for More Information
December 16, 2014
10:41 EDTMMacy's initiated with an Outperform at Cowen
Subscribe for More Information
December 15, 2014
11:17 EDTSHLDSears to have about 1,700 Sears, Kmart stores in operation going into 2015
On a company blog post, Sears CEO Eddie Lampert said: "At our most recent Town Hall meeting with our associates, I explained that I want us to operate our stores both profitably and with excellence. Both, not just one or the other.This is the background behind our decision to close more than 200 Kmart and Sears stores in 2014. Most of these stores were losing money, some for a long time. Because of the impact on our dedicated associates and our Shop Your Way members, these decisions were not taken lightly, or without our working to improve the performance of these stores over many years. Going into 2015, we will have approximately 1,700 Sears and Kmart big box stores in operation, representing about 200 million square feet of space." Reference Link
09:38 EDTJCPActive equity options trading
Subscribe for More Information
December 11, 2014
08:41 EDTBURLBurlington Stores 8M share Spot Secondary priced at $43.30
Subscribe for More Information
December 10, 2014
18:31 EDTBURLOn 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.
16:33 EDTBURLBurlington Stores files to sell 8M shares of common stock for holders
Subscribe for More Information
16:32 EDTBURLBurlington Stores files to sell 8M shares of common stock for holders
Subscribe for More Information
07:45 EDTBURLBurlington Stores price target raised to $52 from $42 at Cowen
Subscribe for More Information
December 9, 2014
12:06 EDTBURLBurlington Stores rises after beating Q3 estimates, raising FY14 outlook
Subscribe for More Information
10:23 EDTMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:21 EDTBURLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:14 EDTMMacy's downgraded at Atlantic Equities
Subscribe for More Information
08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information
07:11 EDTBURLBurlington Stores raises FY14 adjusted EPS view to $1.65-$1.67, consensus $1.61
Subscribe for More Information
07:09 EDTBURLBurlington Stores raises Q4 adjusted EPS view to $1.25-$1.28, consensus $1.25
Subscribe for More Information
07:07 EDTBURLBurlington Stores reports Q3 adjusted EPS 16c, consensus 12c
Reports Q3 revenue $1.17B, consensus $1.14B. Comparable store sales increased 5.2%. Comparable stores inventory decreased 14% and turnover improved 24%.
December 8, 2014
15:20 EDTBURLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include AutoZone(AZO), consensus $7.16; HD Supply (HDS), consensus 53c; Burlington Stores (BURL), consensus 12c; Science Applications International (SAIC), consensus 74c; UTi Worldwide (UTIW), consensus 6c; The Pantry (PTRY), consensus 46c; Pep Boys (PBY), consensus 12c.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use