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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:04 EDTFOSL, TRW, DECK, VRNT, LH, UAMOn the Fly: Analyst Initiation Summary
Fossil (FOSL) initiated with a Neutral at Sterne Agee... TRW Automotive (TRW) initiated with a Neutral at UBS... Deckers Outdoor (DECK) initiated with a Buy at B. Riley... Verint Systems (VRNT) reinstated with an Outperform at Credit Suisse... LabCorp (LH) assumed with a Buy at Maxim... Universal American (UAM) initiated with a Market Perform at Leerink.
News For FOSL;TRW;DECK;VRNT;LH;UAM From The Last 14 Days
Check below for free stories on FOSL;TRW;DECK;VRNT;LH;UAM the last two weeks.
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July 25, 2014
08:36 EDTDECKDeckers Outdoor margin recovery continues, says Janney Capital
Janney Capital believes a move towards mid- to upper-teens operating margins remains possible for Deckers and that multiple expansion and continuing weak sentiment around the stock makes the risk/reward favorable. Janney maintains its Buy rating on Deckers and raised its fair value estimate on shares to $100 from $94.
07:46 EDTDECKDeckers Outdoor price target raised to $105 from $95 at ISI Group
ISI Group believes Deckers investments are beginning to drive more consistent sales results and turning it into a lifestyles brand. The firm raised estimates and increased its price target to $105 from $95. Shares are Buy rated.
06:32 EDTDECKDeckers Outdoor price target raised to $105 from $94 at Citigroup
Citigroup raised its price target for Deckers Outdoor shares to $105 citing the better than expected Q1 results and guidance increase. Citi views the stock's valuation as attractive and keeps a Buy rating on the stock.
05:46 EDTDECKDeckers Outdoor upgraded to Buy from Hold at Jefferies
Jefferies upgraded Deckers Outdoor to Buy following the company's Q1 results citing greater conviction in margin expansion potential and new product launches. The firm views the risk/reward on shares as compelling and raised its price target for the stock to $130 from $78. Shares of Deckers rallied 6% to $90.00 following the company's earnings report.
July 24, 2014
18:17 EDTDECKDeckers Outdoor raises FY15 EPS view to up 14.5% from up 13.5%
Raises FY15 revenue guidance to up approximately 14% from up 13%. The company expects FY15 SG&A expenses as a percentage of sales to be approximately 36%. Among other items, these expenses include increased marketing and supply chain costs, investments in IT infrastructure, expenses related to management reorganization, and operating costs associated with opening new stores in 2013 and 2014. The company now expects FY15 UGG brand revenues to increase approximately 12% over the twelve month period ended March 31 from the previous guidance of 11%. The company expects FY15 Teva brand revenues to increase approximately 11% over the twelve month period ended March 31. The company expects FY15 Sanuk brand revenues to increase approximately 15% over the twelve month period ended March 31. Combined FY15 net sales of the company's other brands are expected to be approximately $82M compared to $48.6M for the twelve month period ended March 31.
18:12 EDTDECKDeckers Outdoor reports Q1 EPS ($1.07), consensus ($1.28)
In a regulatory filing, the company reports Q1 revenue $211.5M, consensus $192.01M. Reports Q1 direct-to-consumer comparable sales up 10%. Reports Q1 UGG brand net sales up 22.8% to $123.3M vs. $100.4M last year. Reports Q1 Teva brand net sales up 25.7% to $39.3M vs. $31.2M last year. Reports Q1 Sanuk brand net sales up 19.6% to $36M vs. $30.1M last year. Reports combined net sales of the company's other brands increased 54.5% to $12.9M for Q1 compared to $8.4M last year. Sales for the global retail store business, which are included in the brand sales numbers above, increased 29.4% to $42M compared to $32.5M for the same period last year. This increase was driven by 37 new stores opened after June 30, 2013, partially offset by a same SSS decrease of 2.8% for the thirteen weeks ended June 29, 2014 compared to the thirteen weeks ended June 30, 2013.
15:31 EDTDECKDeckers Outdoor technical comments ahead of results
The shares have moderately outperformed the broader averages in the last three months an are trading relatively close to the 52-week high at $90.09. On a positive surprise on earnings or guidance, that level could be easily tested. Resistance above the 52-week high is at $91.83, and $96.11. If the news disappoints, the uptrend in place off the lows of October 2012 could be violated. A breakdown below the 200-week moving average at $78.37 would snap the trend. Support below that moving average is at $74.35. It should be noted that the short-base in this name is very large. Over 18% of the float is short according to the last available report. On a positive surprise the shares could be fueled higher by a strong short-squeeze.
06:17 EDTFOSLMichael Kors watch momentum moderating, says Citigroup
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July 21, 2014
08:09 EDTLHLabCorp price target raised to $130 from $120 at Maxim
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July 18, 2014
12:04 EDTLHLabCorp pullback a buying opportunity, says Maxim
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11:25 EDTLHPiper awaits notable volume recovery to get more positive on LabCorp
Piper Jaffray views LabCorp's in-line quarter as positive and said restored TRICARE coverage may provide added upside, but the firm would like to see notable lab volume recovery and a pullback in the shares before becoming more positive on the stock. Piper raised its price target on the stock to $99 from $98 and maintains its Neutral rating on LabCorp.
06:43 EDTLHLabCorp raises FY14 adjusted EPS to $6.50-$6.75 from $6.40-$6.70
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06:43 EDTLHLabCorp: Q2 sales increase due to test volume
Total test volume increased 5.3%, while revenue per requisition decreased 2.0% due to test and payer mix. Reports Q2 operating income $246.7M, operating cash flow $207.4M, free cash flow $159M
06:41 EDTLHLabCorp reports Q2 adjusted EPS $1.84, consensus $1.77
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July 17, 2014
10:51 EDTTRWTRW shares higher by almost 3% after Bloomberg says ZF able to raise offer
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10:42 EDTTRWZF said to be able to raise offer for TRW up to $13B, Bloomberg says
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10:29 EDTTRWZF Friedrichshafen said able to raise offer for TRW Automotive, Bloomberg says
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09:34 EDTLHLabCorp upgraded to Outperform from Market Perform at William Blair
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July 15, 2014
07:27 EDTDECKJefferies 'starting to kick tires again' on Deckers Outdoor
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July 14, 2014
08:59 EDTLHLabCorp management to meet with Maxim
Field trip to company lab to be held in New Jersey on July 15 hosted by Maxim.
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