New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:26 EDTHAIN, KRFT, WFMHain Celestial tumbles despite record quarterly results, increased guidance
Shares of Hain Celestial (HAIN), which manufactures, markets, distributes and sells natural and organic products, are falling despite the company reporting record second quarter results and raising its fiscal 2014 outlook. WHAT'S NEW: Last night, Hain Celestial reported second quarter adjusted earnings per share of 87c and revenue of $535M, both records for the company. Consensus expectations were for EPS of 87c and revenue of $537.75M, respectively. The company raised its FY14 EPS forecast to $3.07-$3.15 from $2.95-$3.05, and boosted its FY14 revenue view to $2.115B-$2.145B from $2.025B-$2.05B. FY14 consensus estimates were $3.11 and $2.14B, respectively. Hain did note that its gross margin was impacted by higher commodity costs, product mix, and a shift in trade spending to point of sale activities. ANALYST REACTION: This morning, analyst commentary was positive. Research firm Jefferies said any pullback in Hain Celestialís shares represented an entry point. The firm noted management stated that Q3 was off to a strong start. Jefferies lowered its price target for shares to $97 from $99 and kept a Buy rating on Hain. Another firm, BMO Capital, said concerns about Hain may create a buying opportunity. BMO Capital believed that concerns about a deceleration in the company's U.S. growth were misplaced. The firm argued that the company is poised to exceed sales/earnings expectations in the near term, and it kept an Outperform rating on the stock. PRICE ACTION: In early afternoon trading, Hain Celestial fell $6.84 or 7.5% to $84.15 on nearly five times its average daily trading volume. Over the past twelve months, the stock is up over 40%. OTHERS TO WATCH: Hainís competitors include Whole Foods (WFM) and Kraft Foods (KRFT).
News For HAIN;WFM;KRFT From The Last 14 Days
Check below for free stories on HAIN;WFM;KRFT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 14, 2014
10:02 EDTWFMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:54 EDTWFMWhole Foods price cuts in Boston predicted to weigh on profits
Subscribe for More Information
06:31 EDTWFMWhole Foods downgraded to Hold from Buy at BB&T
Subscribe for More Information
April 10, 2014
06:25 EDTWFMCompetition, overexpansion hurting Whole Foods competitors, WSJ reports
Sales growth at specialty-grocery chains like Fairway (FWM), Sprouts (SFM) and Fresh Market (TFM), which feature natural and organic foods, has been hurt by competition and mistakes like overexpansion, the Wall Street Journal reports. These companies compete with Whole Foods (WFM). Reference Link
April 8, 2014
07:11 EDTWFMWhole added to US Key Call List at UBS
Subscribe for More Information
06:04 EDTWFMStocks with implied volatility movement; WFM AIG
Stocks with implied volatility movement; Whole Foods (WFM) 33, AIG (AIG) 24 according to iVolatility.
April 7, 2014
17:01 EDTWFMWhole Foods price target raised to $70 from $62 at UBS
Subscribe for More Information
16:36 EDTWFMWhole Foods added to Key Calls list at UBS
Subscribe for More Information
09:34 EDTWFMActive equity options trading on open
Subscribe for More Information

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