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Stock Market & Financial Investment News

News Breaks
December 5, 2012
10:56 EDTPVH, LULU, OXM, VFCOxford Industries tumbles after results miss expectations
Apparel maker Oxford Industries (OXM) is plunging after the company last night reported earnings per share and revenue for the third quarter of its fiscal 2012 that were below analysts' consensus estimates. Moreover, the company's fourth quarter earnings per share and revenue guidance were well below the consensus estimate. Oxford cited a disappointing performance by its Ben Sherman sportswear brand, delays of store openings in Hong Kong and Chicago, and Hurricane Sandy as factors that dragged down its guidance. In a note to investors earlier today, however, Brean Capital analyst Eric Beder recommended buying the stock on weakness. Oxford remains poised to beat expectations, as the company's Tommy Bahama and Lilly Pulitzer brands are well-positioned to generate double digit revenue growth during the company's fiscal 2014, Beder believes. Moreover, Oxford has a good opportunity to stabilize Ben Sherman during fiscal 2014 added the analyst, who reiterated his $60 price target on the stock. In mid-morning trading, Oxford dropped $6.71, or 12.71%, to $46.07. Other apparel makers also retreated significantly, with PVH Corp (PVH) losing 2.38% to $11.02, V.F. Corporation (VFC) giving back 1.56% to $153.75, and Lululemon (LULU) sliding 3.19% to $68.39.
News For OXM;PVH;VFC;LULU From The Last 14 Days
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June 26, 2015
10:23 EDTLULUAnalyst warns lululemon seeing increased competition in Canada
lululemon's (LULU) Canadian stores will probably be under pressure as new competitors have entered the company's core yoga apparel market there, research firm Macquarie warned in a note to investors earlier today. The firm highlighted one such competitor, Lole's Learning. WHAT'S NEW: Canada based Lole’s Learning and lululemon have similar products, similar prices, similar marketing events and similar store locations, Macquarie analyst Laurent Vasilescu reported. However, Lole's prices are "a tad more competitive," the analyst stated. Lole's started out as a wholesaler, but now has about 2,000 retail locations, many of which are within walking distance of lululemon stores, the analyst stated. Lole's has grown at a compound annual growth rate of 29% over the last five years, according to Vasilescu, who kept a $42 price target and Underperform rating on lululemon. WHAT'S NOTABLE: On June 9, lululemon reported slightly stronger than expected first quarter results and said that its U.S. stores were posting strong same-store sales trends in the initial weeks of Q2, while its Canadian stores were seeing positive Q2 comp trends. PRICE ACTION: In early trading, lululemon rose 1% to $68.29.
June 25, 2015
10:19 EDTLULUlululemon recalling women's tops with elastic draw cords due to injury hazard
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07:27 EDTPVHPVH Corp. remains top softlines pick, says UBS
UBS said PVH Corp. remains its top softlines pick, citing improving Q2 trends, confidence that the company will report a beat and raise quarter and multiple sources of earnings upside and multiple expansion that will drive stock performance. UBS reiterated its Buy rating and $132 price target on PVH Corp.
June 24, 2015
16:18 EDTVFCVF Corp. appoints Steven E. Rendle as COO
VF Corporation has appointed Steven E. Rendle as President & COO and elected him to VF’s board.
June 23, 2015
15:04 EDTOXMOxford Industries management to meet with Stephens
Meetings to be held in the Mid-Atlantic area on June 25-June 26 hosted by Stephens.
June 22, 2015
06:02 EDTLULUStocks with implied volatility below IV index mean; QIHU LULU
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June 18, 2015
12:45 EDTPVHPVH Corp. management to meet with Piper Jaffray
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11:56 EDTOXMOxford Industries names Thomas Chubb as Chairman of the Board
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