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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:49 EDTRH, WSM, BBBY, PIRPier 1 Imports sinks to 52-week low after cutting guidance
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a fresh 52-week low after the company's first quarter results missed analysts' consensus estimates and it lowered its fiscal 2015 earnings per share outlook. WHAT'S NEW: This morning, Pier 1 Imports reported Q1 EPS of 16c and revenue of $419.1M, trailing analysts' consensus estimates of 20c and $422.81M, respectively. Q1 comparable sales grew 6.3%. WHAT'S NOTABLE: The company lowered its FY15 EPS view to $1.14-$1.22 from $1.16-$1.24, compared to consensus of $1.21. Pier 1 backed its FY15 comparable sales growth view, which includes e-commerce, in the high-single digits. It sees FY15 EBITDA growth in the range of 9%-14%, compared to its previous guidance of 11%-17%. The updated guidance is due to a retail environment that remains highly promotional and is pressuring gross profit in the near-term, the company said. The company sees Pier1.com revenue to exceed $200M in FY15, and sees e-commerce sales of at least $400M in FY16, compared to previous expectations for e-Commerce sales to represent 10% of total sales by the end of FY16. On the company's earnings conference call, Pier 1 said it expects continued pressure on gross profits, mainly due to promotional activities, and does not see store sales increases from traffic. The company expects greater earning power in the second half of FY15, and will face easier comparisons in Q3 and Q4 versus a year ago, it added. PRICE ACTION: In late morning trading, Pier 1 Imports fell about 12% to $16.04 on nearly three times its average daily trading volume. Including today's pull back, the stock is down approximately 33% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Williams Sonoma (WSM), Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
News For PIR;WSM;RH;BBBY From The Last 14 Days
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December 12, 2014
11:01 EDTRHOptions with decreasing implied volatility
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09:23 EDTRHRestoration Hardware Q4 guidance conservative, says Janney Capital
Janney Capital believes Restoration Hardware remains one of the best growth stories in retail and thinks the company's Q4 guidance is conservative. The firm maintains its Buy rating on the stock and raised its fair value estimate on the shares to $96 from $87.
08:45 EDTPIRPier 1 Imports volatility elevated into Q3 and outlook
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December 11, 2014
16:30 EDTRHOn The Fly: Closing Wrap
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13:03 EDTRHOn The Fly: Midday Wrap
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12:34 EDTWSM, PIR, RHRestoration Hardware hits 52-week high after beating Q3 estimates
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10:24 EDTRHOptions with decreasing implied volatility
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10:21 EDTRHHigh option volume stocks
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08:39 EDTRHRestoration Hardware price target raised to $115 from $90 at RW Baird
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07:11 EDTRHRestoration Hardware strategy appears to be working, says Wells Fargo
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06:48 EDTRHRestoration Hardware price target raised to $100 from $90 at Deutsche Bank
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December 10, 2014
18:31 EDTRHOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
16:26 EDTRHRestoration Hardware up over 5% after Q3 results, guidance
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16:15 EDTRHRestoration Hardware sees FY14 CapEx $115M-$125M
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16:14 EDTRHRestoration Hardware raises FY14 adjusted EPS view to $2.33-$2.35
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16:12 EDTRHRestoration Hardware sees Q4 adjusted EPS 99c-$1.01, consensus $1.00
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16:11 EDTRHRestoration Hardware raises FY14 adjusted EPS view to $2.33-$2.35
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16:08 EDTRHRestoration Hardware reports Q3 adjusted EPS 49c, consensus 48c
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15:25 EDTRHNotable companies reporting after market close
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December 9, 2014
14:43 EDTRHRestoration Hardware volatility elevated into Q3 and outlook
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