New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 13, 2014
04:55 EDTCBK, CBK, BBRG, BBRG, AFCE, AFCE, SONC, SONC, LB, LB, ASNA, ASNA, DFRG, DFRG, FOXF, FOXF, GES, GESPiper Jaffray to hold meeting at ICR XChange 2014
Company Meetings at ICR XChange 2014 are being held in Orlando on January 12-14.
News For CBK;BBRG;AFCE;SONC;LB;ASNA;DFRG;FOXF;GES From The Last 14 Days
Check below for free stories on CBK;BBRG;AFCE;SONC;LB;ASNA;DFRG;FOXF;GES the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 19, 2014
10:06 EDTGESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
07:26 EDTGESGuess upgraded to Neutral from Underperform at Buckingham
September 18, 2014
10:57 EDTGESU.S. ITC to investigate 17 denim jean companies for patent infringement
Subscribe for More Information
September 17, 2014
10:00 EDTLBOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
September 16, 2014
16:28 EDTLBL Brands downgraded to Neutral from Overweight at Piper Jaffray
Subscribe for More Information
16:14 EDTLBL Brands downgraded to Neutral from Overweight at Piper Jaffray
Subscribe for More Information
16:07 EDTSONCSonic targets 50 to 60 new franchise drive-in openings in FY15
16:07 EDTSONCSonic sees FY15 free cash flow $65M-$75M
Subscribe for More Information
16:06 EDTSONCSonic sees FY15 EPS growth at higher end of its long term 14%-20% EPS target
16:03 EDTSONCSonic sees FY15 positive SSS in low-single digit range
Subscribe for More Information
07:56 EDTDFRGPiper Jaffray to hold a field trip
Restaurant Field Trip travels throughout Dallas, Texas on September 16.
September 15, 2014
10:52 EDTFOXFFox Factory management to meet with Piper Jaffray
Subscribe for More Information
September 12, 2014
10:40 EDTLBUlta rallies following better than expected results, increased FY14 outlook
Shares of beauty products retailer Ulta Salon (ULTA) are rising after the company's second quarter results topped analysts' consensus estimates.The company's outlook also exceeded analysts' expectations. WHAT'S NEW: For the second quarter, Ulta Salon reported earnings per share of 94c on revenue of $734.2M, surpassing analysts' consensus estimates of 83c and $713.01M, respectively. Same-store-sales for the quarter increased 9.6%. Ulta expects Q3 EPS to be in the range of 79c-84c, which is in-line with analysts' 83c consensus. The company said performance in the quarter was driven by a significant improvement in traffic, e-commerce growth and successful new brand and product launches. Looking ahead, the company expects third quarter revenue of $724M-$736M, which is higher than analysts' $717.46M consensus. SSS for Q3 are expected to rise 6%-8%. Ulta Salon also increased its fiscal year 2014 EPS growth view to 20% from a mid-teens percentage range and increased its FY14 sales growth view to 20% from a mid-teens percentage range. Analysts' are expecting FY14 EPS of $3.69 and revenue of $3.15B. Ulta Salon also increased its FY14 SSS growth view to approximately 7%-8% from 4%-6%. FY14 capital expenditures are forecast at $265M and the company plans to open 100 new stores, generating free cash flow in excess of $100M. Ulta also announced plans to institute a new $300M share repurchase plan to replace its existing program. WHAT'S NOTABLE: In addition to its earnings report and share repurchase announcement, the company announced five-year financial goals. Ulta anticipates delivering EPS growth in the low 20% range, excluding supply chain investments, which are expected to reduce 2015 and 2016 earnings growth rates. The estimated impact on the percentage growth rate is in the mid-single digit range. Ulta is aiming to deliver annual comparable sales growth 5%-7%, open approximately 100 stores per year and grow e-commerce to represent 10% of sales. It hopes to maintain stable operating margin in the near term before progressing towards the company’s long-term mid-teens target. The company said it will not provide specific 2015 guidance until March 2015 when it typically provides annual guidance. ANALYST REACTION: Jefferies analyst Randal Konik raised his price target to $110 from $92 and said that he feels the company gave "strong" Q2 earnings results and increased FY14 guidance. He believes that the company is positioned well to deliver on its growth plans. Konik maintains a Hold rating on the stock. Citigroup analyst Oliver Chen increased his price target on Ulta Salon to $130 from $118 and said that he feels "encouraged" by the company's "healthy" Q2 SSS and earlier than expected announcement of its five-year financial goals. He said that he will continue to like Ulta Salon as it maintains strength in a competitive and tough economic environment. He thinks that the company's new product introductions will continue to boost strong traffic. Chen keeps a Buy rating on Ulta. PRICE ACTION: In mid-morning trading, Ulta Salon rose $20.14, or about 20.66%, to $117.42. OTHERS TO WATCH: Other companies in the beauty industry include Sally Beauty Holdings (SBH), Regis Corporation (RGS), and L Brands (LB).
10:00 EDTLBOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:32 EDTLBL Brands initiated with a Buy at Wunderlich
Target $75.
September 10, 2014
10:09 EDTFOXFFox Factory management to meet with MKM Partners
Subscribe for More Information
10:00 EDTLBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
07:09 EDTLBL Brands upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded L Brands to Outperform from Neutral. The firm upgraded shares based on potential for a margin recovery and long-term growth opportunities. Price target raised to $73 from $65.
06:19 EDTLBL Brands upgraded to Outperform from Neutral at Credit Suisse
Subscribe for More Information
September 9, 2014
11:12 EDTASNAAscena Retail appoints LaPorte Chief Accounting Officer
Ascena Retail announced that Ernest LaPorte joined the company as senior vice president, Chief Accounting Officer. As CAO, LaPorte will oversee Ascena’s accounting, financial reporting and accounting shared service functions. For the last seven years, LaPorte held the position of senior vice president, Controller at Saks.

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