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Stock Market & Financial Investment News

News Breaks
August 22, 2014
12:08 EDTAEO, BKE, ANF, GES, GPSGap hits 52-week high following beat and raise quarter
Shares of specialty apparel retailer The Gap (GPS) are advancing after the company posted better than expected second quarter results, and raised its fiscal 2014 profit outlook. WHAT'S NEW: Last night, Gap reported Q2 earnings per share of 75c and revenue of $3.98B, topping analysts’ consensus estimates of 69c and $3.96B, respectively. Q2 same store sales were flat versus the prior year period. WHAT’S NOTABLE: For FY14, Gap raised its EPS view to $2.95-$3.00 from $2.90-$2.95, versus consensus of $2.95. The company updated its guidance for FY14 diluted EPS to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies. Gap also announced it will enter India through franchise-operated Gap brand stores in 2015. Gap is partnering with Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies. The first stores are expected to open in India’s two largest cities – Mumbai and Delhi – starting with Gap’s Summer 2015 collection for adults, kids and babies. The brand plans to open about 40 franchise-operated Gap stores in India. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Research firm Janney Capital upgraded Gap to Buy from Neutral. The firm upgraded shares based on the overall improving Softlines sector due to an inventory correction, Old Navy strength, global opportunities, potential improved gross margin returns on inventory investment, and best-in-class management. Their price target on the shares is $51. Another firm, UBS, said Gap is well positioned for second half upside citing its Omni-channel advantage, shift to higher margin businesses, increased square footage, and modestly positive comps driven by ecommerce. UBS has a Buy rating and a $50 price target on the stock. Sterne Agee says Gap’s valuation is very attractive. The firm believes that Gap's fundamentals are improving, while the setup for the stock over the next 12-18 months is favorable. It adds that the company's gross margins should be boosted by several factors going forward, and it kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Gap rose $2.04, or 4.7%, to $45.22 on heavy trading volume. Earlier in the session, it reached a new 52-week high of $45.47. Including today’s advance, the stock has gained over 7.5% over the past twelve months. OTHERS TO WATCH: Other specialty apparel companies include Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Guess (GES), and The Buckle (BKE).
News For GPS;ANF;AEO;GES;BKE From The Last 14 Days
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December 16, 2014
10:38 EDTGPSGap coverage transferred with a Market Perform at Cowen
Target $46.
08:48 EDTANFAbercrombie & Fitch signs license agreement with Inter Parfums
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December 12, 2014
09:57 EDTANFAbercrombie & Fitch calls active on renewed takeover chatter
Abercrombie & Fitch December 27 and 28 calls are active on total call volume of 3,300 contracts (250 puts) on renewed takeover chatter. December call option implied volatility is at 47, January is at 44, February is at 45; compared to its 26-week average of 44 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:50 EDTANFRumor: Abercrombie & Fitch moves up on renewed takeover chatter
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06:12 EDTAEOStocks with implied volatility below IV index mean; AEO CBST
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December 11, 2014
10:24 EDTAEOOptions with decreasing implied volatility
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08:48 EDTANFAbercrombie an 'extremely attractive' takeover candidate, says FBR Capital
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December 10, 2014
10:20 EDTAEOOptions with decreasing implied volatility
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10:00 EDTAEOOn The Fly: Analyst Upgrade Summary
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08:47 EDTAEOAmerican Eagle upgraded at BMO Capital
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06:11 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at BMO Capital
December 9, 2014
17:49 EDTANFAbercrombie & Fitch still not a 'buy', Barron's says
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10:23 EDTAEOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
08:50 EDTANFAbercrombie & Fitch CEO Michael Jeffries to retire
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08:48 EDTANFAbercrombie & Fitch CEO to retire
07:06 EDTBKEThe Buckle announces special cash dividend, increased quarterly dividend
The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on December 8, the Board authorized a $2.77 per share special cash dividend to be paid to shareholders of record at the close of business on January 15, 2015. The Board also authorized a 23c per share quarterly dividend to be paid to shareholders of record at the close of business on January 15, 2015. This represents an increase of 1c per share, or 4.5%, in the company’s regular quarterly dividend rate. Both the $2.77 per share special cash dividend and the 23c per share regular quarterly dividend are payable on January 27, 2015 and will be paid together.
05:56 EDTAEOAmerican Eagle upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded American Eagle to Outperform with a $14 price target.
December 8, 2014
10:20 EDTANF, AEOOptions with decreasing implied volatility
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