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Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:25 EDTHSNI, HSNI, GIII, GIII, BSET, BSET, BGS, BGS, SONC, SONC, CONN, CONN, ASNA, ASNA, WSM, WSM, TFM, TFM, BBRG, BBRG, LF, LFPiper Jaffray to hold a conference
34th Annual Consumer Conference is being held in New York on June 10-11 with webcasted company presentations to begin on June 11 at 8:30 am; not all company presentations may be webcasted.Webcast Link
News For HSNI;BBRG;TFM;WSM;ASNA;CONN;SONC;BGS;BSET;GIII;LF From The Last 14 Days
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September 19, 2014
10:06 EDTWSMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abtech Holdings (ABHD) initiated with a Buy at Chardan... Alibaba (BABA) initiated with a Buy at ... Cherokee (CHKE) initiated with a Buy at Brean Capital... Columbia Property Trust (CXP) initiated with a Sell at Goldman... Emerge Energy (EMES) initiated with a Buy at Goldman... GrubHub (GRUB) initiated with a Buy at BofA/Merrill... Iconix Brand (ICON) initiated with a Hold at Brean Capital... Ideal Power (IPWR) initiated with a Buy at Roth Capital... NorthStar Asset Management (NSAM) initiated with a Hold at MLV & Co.... Restoration Hardware (RH) initiated with a Buy at CRT Capital... Sequential Brands (SQBG) initiated with a Buy at Brean Capital... Sprouts Farmers Markets (SFM) initiated with an Overweight at Barclays... Urban Outfitters (URBN) initiated with a Neutral at Buckingham... Williams-Sonoma (WSM) initiated with a Fair Value at CRT Capital... Xcel Brands (XELB) initiated with a Buy at Brean Capital.
September 18, 2014
16:24 EDTWSMWilliams-Sonoma initiated with a Fair Value at CRT Capital
Target $72.
10:40 EDTWSMPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
09:36 EDTCONNConn's to host analyst and investor day
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07:19 EDTBGSCredit Suisse to hold a conference
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September 17, 2014
07:35 EDTLFImperial Capital to hold a conference
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September 16, 2014
16:07 EDTSONCSonic targets 50 to 60 new franchise drive-in openings in FY15
16:07 EDTSONCSonic sees FY15 free cash flow $65M-$75M
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16:06 EDTSONCSonic sees FY15 EPS growth at higher end of its long term 14%-20% EPS target
16:03 EDTSONCSonic sees FY15 positive SSS in low-single digit range
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07:30 EDTLFCRT Capital to hold a conference
2nd Annual Investor Conference to be held in Greenwich, CT on September 16.
September 15, 2014
10:06 EDTCONNConn's employees, customers shed light on customer complaint, NY Times says
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08:12 EDTWSMWilliams-Sonoma poor Q2 optics probably temporary, says SunTrust
After meeting with Williams-Sonoma's management, SunTrust believes that the poor optics included in the company's Q2 results were probably temporary. The firm thinks that the company's market share gains are likely to continue in the near, intermediate and longer terms. It keeps a Buy rating on the shares.
September 11, 2014
13:05 EDTHSNILiberty Media CEO says eyeing more deals, sees cable consolidation 'inevitable'
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07:41 EDTGIIIG-III Apparel pullback a buying opportunity, says Cowen
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September 9, 2014
11:12 EDTASNAAscena Retail appoints LaPorte Chief Accounting Officer
Ascena Retail announced that Ernest LaPorte joined the company as senior vice president, Chief Accounting Officer. As CAO, LaPorte will oversee Ascena’s accounting, financial reporting and accounting shared service functions. For the last seven years, LaPorte held the position of senior vice president, Controller at Saks.
10:10 EDTBGSOn the Fly: Analyst Downgrade Summary
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08:58 EDTBGSB&G Foods downgraded to Equal Weight from Overweight at Stephens
Price target is $31.
07:22 EDTGIIIStephens to hold a field trip
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September 8, 2014
10:42 EDTCONNOptions with decreasing implied volatility
Options with decreasing implied volatility: KERX CONN CIEN INSM FNSR PAY PVH SWY
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