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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:32 EDTDDS, SHLD, KSS, JCP, BONTDillard's falls after quarterly profit significantly trails expectations
Shares of fashion apparel, cosmetics and home furnishing retailer Dillard's (DDS) are falling after the company's fourth quarter profit significantly trailed expectations. WHAT'S NEW: This morning, Dillard's reported Q4 adjusted EPS of $2.69 and revenue of $2.03B, compared to analysts' consensus estimates of $3.00 and $2.09B, respectively. The company reported its same store sales increased 4% in the quarter. ANALYST REACTION: This morning, research firm Buckingham said Dillard's shares remain a compelling value and that the firm would be buyers of the stock on weakness. Buckingham said it was encouraged by the company's ability to produce comparable sales in-line with better performing retailers despite a difficult, highly promotional environment. Buckingham maintained a Buy rating on the shares with a $112 price target. However, the firm added that its price target and estimates were under review. PRICE ACTION: In late morning trading, Dillard's fell $4.88, or about 5.5%, to $84.45 on nearly three times its average daily trading volume. Including today's slide, the stock is virtually flat over the past twelve months. OTHERS TO WATCH: Other diversified retailers include Bon-Ton Stores (BONT), Kohl's (KSS), J.C. Penney (JCP) and Sears (SHLD).
News For DDS;JCP;SHLD;BONT;KSS From The Last 14 Days
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February 26, 2015
10:36 EDTSHLDOptions with decreasing implied volatility
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09:09 EDTKSSKohl's says some areas of U.S. 'reallly impacted by weather'
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08:52 EDTKSSKohl's says 'pays what's necssary' in each market to attract, retain talent
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08:50 EDTKSSKohl's says Nike sales up 24% at Kohl's stores in Q4
Kohl's (KSS) says number of transactions increased 2% in Q4. Says Nike (NKE) delivered 24% increase in Q4 sales. Expects about 900 stores to have new beauty format by end of year. Sees some margin pressure in Q1 from rollout of beauty products. Expects SG&A to increase more in Q1 than in the balance of the year. Says FY CapEx guidance includes $350M of IT spending, $250M for store strategies, $200M for base capital projects. Comments made on the Q4 earnings conference call.
07:36 EDTJCPJ.C. Penney volatility elevated into Q4 and outlook
J.C. Penney February weekly call option implied volatility is at 168, March weekly calls are at 91, April is at 55; compared to its 26-week average of 54 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today.
07:03 EDTKSSKohl's sees FY15 EPS $4.40-$4.60, consensus $4.54
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07:02 EDTKSSKohl's board authorizes 15% increase in quarterly dividend to 45c per share
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07:02 EDTKSSKohl's reports Q4 EPS $1.83, consensus $1.80
Reports Q4 revenue $6.34B, consensus $6.33B. Reports Q4 SSS up 3.7%.
06:44 EDTSHLDSears says targeting REIT formation in May or June
Sears said "We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business. To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year. We are currently targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2B. The REIT itself would be funded by equity and debt with the equity raised through a rights offering. The subscription rights would be distributed pro rata to all stockholders of record of the company, and every stockholder would have the right to participate, except that holders of the company's restricted stock that is unvested as of the record date would be expected to receive cash awards in lieu of subscription rights."
06:09 EDTSHLDSears reports Q4 EPS ($1.50), one estimate ($1.89)
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February 25, 2015
15:05 EDTSHLD, KSSNotable companies reporting before tomorrow's open
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08:59 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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07:01 EDTKSSKohl's launches skincare and well-being brand Bliss
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February 24, 2015
07:39 EDTKSSKohl's volatility slightly elevated into Q4 and outlook
Kohl's March call option implied volatility is at 25, April is at 22, July is at 21; compared to its 26-week average of 22 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q4 results on February 25.
06:48 EDTJCPPiper reiterates J.C. Penney as top pick for 2015
Piper Jaffray analyst Neely Tamminga reiterates J.C. Penney as a top pick for 2015 ahead of the retailer's year-end 2014 earnings report. Tamminga believes Penny's comp for February, the first month of its fiscal year, could be tracking up 4%. The analyst also thinks Penny management could express conviction in the retailer's plan to recapture share among moderate consumers on Thursday's earnings call. Tamminga has an Overweight rating on Penny with a $12 price target.
February 23, 2015
18:02 EDTDDSOn The Fly: After Hours Movers
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16:10 EDTDDSDillard's plans to open three new stores in FY15
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16:09 EDTDDSDillard's reports Q4 EPS $3.17, consensus $3.18
Reports Q4 revenue $2.18B, consensus $2.08B. Reports a 3% increase in comparable store sales and a 103 basis point improvement in retail gross margin.
February 20, 2015
14:46 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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February 19, 2015
14:41 EDTJCPJ.C. Penney volatility elevated into Q4 and outlook
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