New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
06:57 EDTVFCPiper says don't chase shares of Black Diamond
Subscribe for More Information
April 23, 2015
07:44 EDTPVHSenate Foreign Relations Committee to hold a hearing
Subscribe for More Information
April 20, 2015
10:00 EDTLULUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:13 EDTOXMOxford Industries price target raised to $87 from $82 at KeyBanc
Subscribe for More Information
08:55 EDTLULUlululemon downgraded at CLSA
As previously reported, CLSA downgraded lululemon to Underperform from Outperform. The firm downgraded shares due to valuation and maintained its $68 price target.
07:21 EDTLULU, LULUlululemon downgraded to Underperform from Outperform at CLSA
Subscribe for More Information
April 14, 2015
15:13 EDTOXMOxford Industries management to meet with SunTrust
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