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Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:56 EDTCHS, NWY, CWTR, ANN, CACHCache slips after reporting Q4 losses exceed expectations
Shares of women's sportswear and dress retailer Cache (CACH) are slipping after the company reported a fourth quarter losses that were steeper than expected. WHAT'S NEW: Cache reported a fourth quarter adjusted loss per share of 17c, compared to analysts consensus forecast for 8c loss per share. The company reported fourth quarter revenue of $55.8M, also missing expectations, and said same-store sales declined 5.9% in the quarter. WHAT'S NOTABLE: During the company's fourth quarter earnings conference call, Cache said it remains confident in its strategies and expects to show progress towards improving sales productivity and profitability during FY14. Cache said that while a turnaround was not as quick as it had hoped, the company said that it is still making progress. Still, Cache said the first quarter has been soft. The company said it sees a shift in sales favoring the upcoming second quarter due to the timing of Easter and later school proms. The company said its store closing due to snow storms caused it to operate with 1,800 less shopping hours in February versus last year. PRICE ACTION: During afternoon trading, shares of Cache were down 25c or 6.5% to $3.59. OTHERS TO WATCH: Other mall-based women's apparel retailers include Ann Inc. (ANN), Chico's FAS (CHS), Coldwater Creek (CWTR) and New York & Company (NWY).
News For CACH;ANN;CHS;CWTR;NWY From The Last 14 Days
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January 30, 2015
10:00 EDTCHSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded to Buy from Neutral at BofA/Merrill... BAE Systems (BAESY) upgraded to Buy from Hold at Cantor... Boston Scientific (BSX) upgraded to Outperform from Market Perform at BMO Capital... Bottomline Technologies (EPAY) upgraded to Buy from Hold at Craig-Hallum... Capital Bank (CBF) upgraded to Buy from Hold at Sandler ONeill... Centrica PLC (CPYYY) upgraded to Neutral from Sell at UBS... Chico's FAS (CHS) upgraded to Buy at Janney Capital... Coherent (COHR) upgraded to Buy from Neutral at B. Riley... Devon Energy (DVN) upgraded to Buy from Hold at Deutsche Bank... Farmers National Banc (FMNB) upgraded to Buy from Hold at Sandler O'Neill... Foot Locker (FL) upgraded to Overweight from Equal Weight at Barclays... Groupon (GRPN) upgraded to Buy from Sell at Ascendiant... JA Solar (JASO) upgraded to Outperform from Sector Perform at RBC Capital... K12 (LRN) upgraded to Outperform from Market Perform at Wells Fargo... PolyOne (POL) upgraded to Outperform at RW Baird... QLogic (QLGC) upgraded to Outperform from Market Perform at BMO Capital... SolarWinds (SWI) upgraded to Buy from Hold at Deutsche Bank... Stanley Black & Decker (SWK) upgraded to Equal Weight from Underweight at Barclays... SunPower (SPWR) upgraded to Outperform from Sector Perform at RBC Capital... TCF Financial (TCB) upgraded to Buy from Neutral at DA... Tempur Sealy (TPX) upgraded to Buy from Neutral at Nomura... Textron (TXT) upgraded at BofA/Merrill... Trina Solar (TSL) upgraded to Outperform from Sector Perform at RBC Capital... Umpqua Holdings (UMPQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Valero Energy Partners (VLP) upgraded at Credit Suisse... Verifone (PAY) upgraded to Positive from Neutral at Susquehanna... Yahoo (YHOO) upgraded to Buy from Hold at Evercore ISI... Zimmer (ZMH) upgraded to Outperform at RW Baird.
09:24 EDTCHSChico's FAS upgraded to Buy at Janney Capital
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06:26 EDTCHSChico's FAS upgraded to Buy from Neutral at Janney Capital
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January 22, 2015
15:52 EDTCACHCache apparel chain see filing bankruptcy as soon as next week, Bloomberg says
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January 20, 2015
06:13 EDTCACHCache downgraded to Neutral from Buy at B. Riley
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