New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:26 EDTHAIN, WFM, KRFTHain 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.
September 18, 2014
09:36 EDTWFMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
September 17, 2014
09:47 EDTWFMWhole Foods mentioned positively in a Seeking Alpha blog
Subscribe for More Information
09:36 EDTWFMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
September 16, 2014
19:18 EDTKRFTMicrosoft to add Kraft CFO Teri List-Stoll, Visa CEO Charles Scharf to board
Subscribe for More Information
18:59 EDTKRFTMicrosoft to add Kraft CFO List-Stoll, Visa CEO Scharf to board, Bloomberg says
Microsoft board members Marquardt and Dublon are retiring from the board, according to Bloomberg, citing an emailed press release from the company.
07:49 EDTKRFTBofA/Merrill to hold a conference
Subscribe for More Information
September 12, 2014
16:44 EDTHAINMarket ends week lower as investors fret over Fed statement
Subscribe for More Information
September 11, 2014
10:42 EDTHAINWhiteWave seen having 50% chance of being acquired
Subscribe for More Information
September 9, 2014
14:54 EDTWFMApple announces Apple Pay
Subscribe for More Information
14:31 EDTWFMWhole Foods confirms participation with Apple Pay
Subscribe for More Information
10:12 EDTHAINNatural food makers rise following Annies acquisition
Shares of a number of natural food makers are climbing after one of the companies in the sector, Annies (BNNY), announced last night that it agreed to be acquired by General Mills (GIS). In a note to investors today, research firm Oppenheimer wrote that the deal should cause the valuations of two natural food makers, Boulder Brands (BDBD) and WhiteWave (WWAV), to rise in the near-term. WHAT'S NEW: General Mills last night said that it had agreed to buy Annie's for $46 per share in cash, or $820M. Annies' stock closed yesterday at $33.51. General Mills expects the transaction to be accretive to its earnings in the first 12 months following the completion of the deal. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Rupesh Parikh wrote that the acquisition of Annie's could cause the valuations of stocks in the natural foods sector to rise significantly. The terms of the acquisition of Annies imply a nearly 40x P/E multiple to consensus FY15 forecasts for the company, according to Parikh. The shares of Boulder Brands and WhiteWave should advance in the near-term, added the analyst, who kept Outperform ratings on both names PRICE ACTION: In early trading, WhiteWave rose 3.9% to $37.10, while Boulder Brands jumped 7.6% to $14.25. Another stock in the sector, Hain Celestial (HAIN), advanced 3.5% to $101.17, while Annies surged 37% to $46 and General Mills slipped 0.5% to $53.26.
09:12 EDTHAINOn The Fly: Pre-market Movers
Subscribe for More Information
September 8, 2014
18:31 EDTHAINOn The Fly: After Hours Movers
UP AFTER EARNINGS: Casey's General Stores (CASY), up 3.6%... Korn/Ferry (KFY), up 2.8%. ALSO HIGHER: Annies (BNNY), up 37.3% after General Mills (GIS) announced it will acquire the company for $46 per share... General Mills is trading just under 1% higher... Following the Annies/General Mills announcement, Hain Celestial Group (HAIN) is 3.6% higher, WhiteWave Foods (WWAV) is up 6.3%, and Boulder Brands (BDBD) is up 8.7%... iPass (IPAS), up 35.1% after announcing that it is exploring strategic alternatives... CTI BioPharma (CTIC), up 8.1% after being initiated with an Overweight at Piper Jaffray... Threshold Pharmaceuticals (THLD), up 5% after being initiated with a Buy at Cantor. DOWN AFTER EARNINGS: Pep Boys (PBY), down 6.7% following second quarter miss. ALSO LOWER: Pinnacle Foods (PF), down 3.7% after filing an automatic common stock shelf and announcing the sale of 15M shares of common stock for holders... Physicians Realty Trust (DOC), down 4.9% after offering 9M common shares.
17:50 EDTHAINFood product stocks higher after General Mills acquires Annie's
Subscribe for More Information
13:58 EDTWFMWhole Foods announces partnership with Instacart
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