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Stock Market & Financial Investment News

News Breaks
March 12, 2014
10:32 EDTAEO, URBN, EXPRExpress tumbles after earnings, guidance disappoint
Shares of apparel and accessory retailer Express (EXPR) are tumbling after the company reported fourth quarter earnings per share that fell below analysts' expectations and also guided below analysts' expectations for the new quarter and fiscal year. WHAT'S NEW: Express reported fourth quarter earnings per share of 57c, which fell slightly below analysts' consensus of 59c. The company's revenue of $715.88M was also lower than the consensus estimate of $721.13M. Express blamed a heavier than planned pace of promotions as a major impact to its top line and margins. Express sees FY14 same-store sales in the negative low single digits to flat. The company also guided first quarter earnings per share of 12c-18c, well below analysts' estimations of 41c, and FY14 earnings per share of $1.03-$1.23, missing the $1.58 consensus. Express said the start of FY14 has been "extremely difficult," citing significantly lower traffic, negative comparable sales and the promotional environment remaining intense. The retailer said it expects the promotional environment will continue and that full-year results will be impacted right from the beginning, but it feels optimistic that earnings per share growth will return in the second half of FY14. OTHERS TO WATCH: Retail rivals to Express include American Eagle (AEO) and Urban Outfitters (URBN), both of whom reported on their own fourth quarters in the last two days. It is notable that both American Eagle and Urban Outfitters were downgraded this morning, with Morgan Stanley downgrading American Eagle to Underweight from Equal Weight and Urban Outfitters being downgraded to Equal Weight from Overweight at Barclays. PRICE ACTION: During morning trading, shares of Express fell 10.3% to $16.36.
News For EXPR;URBN;AEO From The Last 14 Days
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May 19, 2015
05:50 EDTURBNUrban Outfitters downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Urban Outfitters to Neutral with a $36 price target citing near-term transition uncertainty after the retailer's Q1 results missed expectations.
May 18, 2015
20:16 EDTAEO, URBNUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
19:12 EDTURBNOn The Fly: After Hours Movers
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16:40 EDTURBNUrban Outfitters down 13% following weaker than expected Q1 results
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16:03 EDTURBNUrban Outfitters reports Q1 comparable retail segment net sales up 4%
Comparable Q1 retail segment net sales increased 17% at Free People, 5% at Urban Outfitters and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%.
16:02 EDTURBNUrban Outfitters reports Q1 EPS 25c, consensus 30c
Reports Q1 revenue $739.01M, consensus $758.25M.
15:29 EDTURBNOptions with increasing volume
Options with increasing volume: ACHN PAGP CBG NI NGLS LEA OKS GTI WETF URBN
15:14 EDTURBNUrban Outfitters technical comments ahead of earnings
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15:00 EDTURBNNotable companies reporting after market close
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12:01 EDTAEOAmerican Eagle management to meet with Guggenheim
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10:10 EDTURBNHigh option volume stocks
High option volume stocks: ASNA LAZ GTI CBRL ANN ISSI ANET HTS URBN LVLT
07:31 EDTURBNUrban Outfitters brands positioned for market share gains, says Brean Capital
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May 15, 2015
08:24 EDTEXPR, AEOAmerican Eagle, Express should be bought ahead of results, says BMO Capital
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07:41 EDTAEOAmerican Eagle volatility elevated into Q1 and outlook
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May 14, 2015
10:09 EDTEXPRIncreasing equity options volume on open
Increasing equity options volume on open: ONTY CBRL PBYI GWW AXLL IEV KSS EXPR UEC JACK
10:00 EDTURBNOn The Fly: Analyst Upgrade Summary
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06:40 EDTURBNUrban Outfitters upgraded to Outperform from Market Perform at Telsey Advisory
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May 13, 2015
10:01 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:32 EDTURBNUrban Outfitters' Q1 revenues tracking above consensus, says ITG Research
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06:08 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Cowen
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