New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:17 EDTTREX, STKS, LOW, DFRG, CONN, BAGL, AZO, ABG, BBRG, GPIStifel to hold a conference
2014 Consumer Conference to be held in New York on June 3.
News For GPI;BBRG;ABG;AZO;BAGL;CONN;DFRG;LOW;STKS;TREX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 25, 2014
07:25 EDTABGStephens to hold an investor trip
Subscribe for More Information
07:24 EDTAZOAutoZone downgraded to Hold from Buy at Argus
Subscribe for More Information
September 24, 2014
08:29 EDTLOWLowe's management to meet with Deutsche Bank
Meeting to be held in Los Angeles on September 24 hosted by Deutsche Bank.
September 23, 2014
10:02 EDTDFRGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Analog Devices (ADI) downgraded to Neutral from Overweight at JPMorgan... Bed Bath & Beyond (BBBY) downgraded to Market Perform at William Blair... Cameco (CCJ) downgraded to Neutral from Buy at BofA/Merrill... Clorox (CLX) downgraded to Neutral from Buy at Citigroup... Concur (CNQR) downgraded to Neutral from Buy at Roth Capital... Del Frisco's (DFRG) downgraded at Sterne Agee... Dick's Sporting (DKS) downgraded to Market Perform from Outperform at William Blair... Dresser-Rand (DRC) downgraded to Hold from Buy at KeyBanc... Equinix (EQIX) downgraded to Market Perform from Outperform at Wells Fargo... Fluor (FLR) downgraded at Wells Fargo... Gordmans Stores (GMAN) downgraded at Canaccord... Jacobs Engineering (JEC) downgraded to Market Perform from Outperform at Wells Fargo... Nanometrics (NANO) downgraded to Hold from Buy at Canaccord... ON Semiconductor (ONNN) downgraded to Neutral from Overweight at JPMorgan... Siemens (SIEGY) downgraded to Equal Weight from Overweight at Barclays... Sigma-Aldrich (SIAL) downgraded to Hold from Buy at KeyBanc... Taminco (TAM) downgraded to Hold from Buy at Jefferies... Viasystems (VIAS) downgraded to Hold from Buy at Canaccord... Watsco (WSO) downgraded to Accumulate from Buy at Global Hunter.
08:56 EDTLOWLowe's management to meet with Deutsche Bank
Meetings to be held in San Mateo/San Francisco/Los Angeles on September 23 hosted by Deutsche Bank.
08:46 EDTDFRGDel Frisco's downgraded at Sterne Agee
Subscribe for More Information
08:06 EDTSTKSThe ONE Group signs hospitality services agreement with Pebblebrook Hotel
The ONE Group Hospitality( STKS) announced that it signed a hospitality services agreement with Pebblebrook Hotel Trust (PEB) to provide food and beverage services at W Los Angeles, Westwood in Los Angeles, California, beginning in 4Q14. In addition to providing pool side restaurant and hospitality services at the hotel, the company will open an STK restaurant in 2015.
07:44 EDTSTKSWedbush to hold a conference
CA Dreamin' Consumer Conference: The NY Edition to be held in New York on September 23.
07:04 EDTDFRGDel Frisco's downgraded to Neutral from Buy at Sterne Agee
September 22, 2014
11:16 EDTAZOAutoZone says business model 'solid'
10:57 EDTAZOAutoZone says every month in Q4 had positive SSS growth
The company notes that August was better than July.
10:36 EDTAZOAutoZone optimistic company can grow in all upcoming quarters
Sees acquisition of Interamerican Motor Corporation as "impressive" growth opportunity, does not see significant overlap with IMC's customer base. Says will open a "handful" of IMC stores in the new FY. Says May was "quite strong," June was "decent," July was "not as strong." Says over time will open more Hub locations at a moderate level. Says maintenance-related categories missed expectations in Q4. Looking to FY15, says Q2, Q3 will have more difficult comparisons, but optimistic company can grow in all upcoming quarters. Says committed to long-term growth strategy. Sees costs "predictable and manageable" in FY15. Sees opportunity for gross margin expansion in retail, commercial businesses. Sees IMC a "slight drag" on gross margins. Views share repurchase as attractive capital deployment strategy. Says can hopefully close IMC deal "within the next week or so." Comments made on the Q4 earnings conference call. AutoZone shares are down 3.84% to $505.98 in mid-morning trading.
10:22 EDTAZOAutoZone falls after results, levels to watch
Subscribe for More Information
09:54 EDTLOWLowe's management to meet with Deutsche Bank
Meeting to be held in San Francisco on September 22 hosted by Deutsche Bank.
08:17 EDTABGLionEye Capital reports 6.2% stake in Asbury Automotive
LionEye Capital disclosed a 6.2% stake in Asbury Automotive and said it may have discussions with the company's management, board and other shareholders regarding measures and changes that would maximize value per share.
07:06 EDTAZOAutoZone opened 83 new U.S. stores, 28 new stores in Mexico, 1 in Brazil in Q4
Subscribe for More Information
07:03 EDTAZOAutoZone reports Q4 EPS $11.28, consensus $11.26
Subscribe for More Information
September 19, 2014
18:20 EDTLOWLowe's CEO Niblock sells nearly $28M of company stock near record high
In regulatory filings, it was disclosed that Lowe's CEO Robert A. Niblock sold nearly $28M worth of company stock from September 9-11. Lowe's stock has been climbing steadily over the past three months, and it made both a 52-week and record high of $54.81 on Friday, September 19.
September 18, 2014
10:40 EDTLOWPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
09:36 EDTCONNConn's to host analyst and investor day
Subscribe for More Information
1 | 2 | all recent news | >>

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