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Stock Market & Financial Investment News

News Breaks
April 11, 2014
13:36 EDTTLYS, ANF, AEO, GPS, APPGap 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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May 4, 2015
10:08 EDTAEOHigh option volume stocks
High option volume stocks: HIL AEO HCI EWU WHZ SFUN GNC ON CYTR JBHT
10:00 EDTGPS, AEO, ANFOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with an Underperform at RBC Capital... American Eagle (AEO) initiated with an Outperform at RBC Capital... Ann Inc. (ANN) initiated with a Sector Perform at RBC Capital... Ascena Retail (ASNA) initiated with a Sector Perform at RBC Capital... CONMED (CNMD) initiated with a Buy at Deutsche Bank... Carbylan Therapeutics (CBYL) initiated with an Outperform at Leerink... Chico's (CHS) initiated with an Outperform at RBC Capital... Energous (WATT) initiated with a Buy at Ascendiant... Gap (GPS) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with an Outperform at Cowen... Inter Parfums (IPAR) initiated with a Buy at BWS Financial... Kenon (KEN) initiated with a Hold at Deutsche Bank... L Brands (LB) initiated with a Sector Perform at RBC Capital... LogMeln (LOGM) initiated with a Sector Weight at KeyBanc... Orchids Paper (TIS) initiated with an Outperform at Oppenheimer... Urban Outfitters (URBN) initiated with an Outperform at RBC Capital... lululemon (LULU) initiated with an Outperform at RBC Capital.
06:25 EDTAEOAmerican Eagle initiated with an Outperform at RBC Capital
Target $20.
06:25 EDTANFAbercrombie & Fitch initiated with an Underperform at RBC Capital
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06:24 EDTGPSGap initiated with a Sector Perform at RBC Capital
Target $45.
May 1, 2015
10:50 EDTANFOptions with increasing implied volatility
Options with increasing implied volatility: ZIOP CLNE CRM DECK CHK WIN ANF NRF GES LOW
April 30, 2015
10:36 EDTANFOn The Fly: Analyst Initiation Summary
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09:27 EDTANFAbercrombie & Fitch initiated with a Hold at BB&T
April 29, 2015
10:53 EDTANFOptions with increasing implied volatility
Options with increasing implied volatility: THRX ALTR ARIA DECK ANF KORS CVC CCE
April 28, 2015
06:22 EDTAPPAmerican Apparel seeks to distance itself from ousted founder, BuzzFeed reports
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April 27, 2015
08:20 EDTAEOAmerican Eagle estimates raised on strong execution, says Susquehanna
Susquehanna raised its earnings estimates on American Eagle based on its continued strong product execution and reduced promotional activity, stringent inventory control, and leverage of omni-channel capabilities. Susquehanna reiterated its Positive rating and raised its price target to $21 from $20 on American Eagle shares.
April 24, 2015
13:26 EDTANFAbercrombie & Fitch to end "Look Policy" for employees, Bloomberg reports
Abercrombie & Fitch will retire its "appearance and sense of style" hiring rule for employees, reports Bloomberg. Abercrombie brand President Christos Angelides and Hollister brand President Fran Horowitz said the changes to the dress code are part of their plan to cater to more shoppers. Reference Link
April 23, 2015
06:05 EDTAPPAmerican Apparel hit with third shareholder lawsuit in two weeks, NY Post says
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April 22, 2015
11:08 EDTAEOOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
April 21, 2015
10:01 EDTGPSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.

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