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Stock Market & Financial Investment News

News Breaks
April 11, 2014
13:36 EDTTLYS, ANF, APP, AEO, GPSGap falls after experiencing sharp decline in March SSS
Shares of apparel retailer Gap (GPS) are tumbling after the company reported a sharp decline in its March same-store sales yesterday. WHAT'S NEW: Gap reported that its same-store-sales in March declined 6% versus a 1% decrease last year. Broken down by division, same-store-sales for Gap Global were down 7% versus flat last year, Banana Republic Global declined 4% compared to a 1% gain last year and Old Navy Global fell 7% versus a 2% decline last year. Gap also reaffirmed its FY14 earnings per share view of $2.90-$2.95, which is slightly below analysts' consensus of $2.96. Last month, the retailer said that it expected March to be negatively impacted due to Easter occurring in April this year versus March last year. ANALYST REACTION: Today, Janney Capital downgraded Gap to Neutral from Buy and said the retailer's inventory continues to grow faster than sales and that promotions continue to infer a highly competitive backdrop. The firm lowered its fair value estimate for shares to $41 from $50. Janney Capital analysts Adrienne Tennant and Gabriella Carbone said that they expect the retail environment for Gap to still be challenging in the first half of FY14 and feel that SG&A control, margin-driven incentives, and ongoing buyback activity are imperative to help fuel earnings per share. Based on the weak patterns so far in the first quarter, the analysts said that they are lowering their estimates for the quarter to $2.89 from $2.95, consensus $2.96. They are also lowering their FY15 earnings per share view to $3.18 from $3.30. To reflect the spring break/Easter shift from March into April, the analysts are projecting a 1% decline for April comp. OTHERS TO WATCH: Gap's competitors include American Eagle Outfitters (AEO), American Apparel (APP), Abercrombie & Fitch (ANF) and Tilly’s (TLYS). PRICE ACTION: During afternoon trading, shares of Gap are down 79c, or 2.01%, to $38.50.
News For GPS;AEO;APP;ANF;TLYS From The Last 14 Days
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February 26, 2015
07:34 EDTANFAbercrombie downgraded to Underweight from Equal Weight at Morgan Stanley
06:49 EDTANFAbercrombie & Fitch engaged in Supreme Court trial over Muslim scarf, WSJ says
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06:11 EDTANFStocks with implied volatility above IV index mean; ANF HLF
Stocks with implied volatility above IV index mean; Abercrombie & Fitch (ANF) 64, Herbalife (HLF) 94 according to iVolatility.
February 25, 2015
10:10 EDTANF, GPSBofA/Merrill retail analysts hold an analyst/industry conference call
Head of European General Retail Equity Research Steegers, along with Head of U.S. General Retail Equity Research Hutchinson, discuss the global apparel sector, focusing on international expansion, pricing and sustainability of margins and returns on an Analyst/Industry conference call to be held on February 25 at 10 am.
08:53 EDTANFAbercrombie & Fitch Q4 results could be at low end of view, says Janney Capital
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05:53 EDTANFStocks with implied volatility above IV index mean; ANF HLF
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February 24, 2015
12:22 EDTAEOOn The Fly: Analyst Initiation Summary
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10:00 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:28 EDTAEOAmerican Eagle initiated with a Buy at BB&T
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09:10 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Telsey Advisory
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08:19 EDTAEOAmerican Eagle identified as favorite name for Spring at BMO Capital
BMO Capital named American Eagle as its favorite apparel retailer for spring, as the firm expects the company to benefit from the ‘70s Style fashion trend. .
05:44 EDTANFStocks with implied volatility above IV index mean; ANF HLF
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February 23, 2015
16:33 EDTAPPAmerican Apparel announces two leadership appointments
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06:09 EDTANFStocks with implied volatility above IV index mean; ANF HLF
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February 20, 2015
10:16 EDTGPSGap weekly volatility increases into Q4 and spring outlook
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09:23 EDTANFGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
06:00 EDTANFAbercrombie & Fitch March volatility elevated into Q4 and spring outlook
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04:19 EDTANFStocks with implied volatility movement; AMAT ANF
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February 19, 2015
05:31 EDTANFStocks with implied volatility above IV index mean; HLF ANF
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February 17, 2015
05:42 EDTANFAbercrombie & Fitch implied volatility of 58 at upper end of index mean range
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