New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:49 EDTPIR, WSM, RH, BBBYPier 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
Check below for free stories on PIR;WSM;RH;BBBY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 12, 2014
11:03 EDTBBBYOptions with increasing implied volatility
Options with increasing implied volatility: ADHD VNET AVNO RAX VALE NLY EWZ BBBY SYY GGP
10:35 EDTRHOptions with decreasing implied volatility
Subscribe for More Information
September 11, 2014
12:05 EDTPIR, RHRestoration Hardware falls as company lowers FY14 revenue view
Subscribe for More Information
11:07 EDTRHOptions with decreasing implied volatility
Subscribe for More Information
10:49 EDTRHHigh option volume stocks
Subscribe for More Information
07:47 EDTRHRestoration Hardware bullish thesis remains intact, says RW Baird
Baird said its bullish thesis on Restoration Hardware remains intact despite the company's Q2 revenue shortfall. The firm cited stronger margins, late quarter revenue momentum, new product introductions, and expectations for margin expansion. Shares of Restoration Hardware are Outperform rated with a $90 price target.
06:39 EDTRHRestoration Hardware shares will bounce back today, says Jefferies
Subscribe for More Information
05:57 EDTRHStocks with implied volatility above IV index mean; AMD RH
Subscribe for More Information
September 10, 2014
18:33 EDTRHOn The Fly: After Hours Movers
Subscribe for More Information
16:22 EDTRHRestoration Hardware slips lower after results, levels to watch
Subscribe for More Information
16:14 EDTRHRestoration Hardware down 2.7% after reporting Q2 results, guidance
Subscribe for More Information
16:09 EDTRHRestoration Hardware sees FY14 adjusted EPS $2.29-$2.33, consensus $2.31
Subscribe for More Information
16:08 EDTRHRestoration Hardware sees Q3 adjusted EPS 46c-48c, consensus 43c
Subscribe for More Information
16:07 EDTRHRestoration Hardware reports Q2 adjusted EPS 67c, consensus 64c
Subscribe for More Information
15:50 EDTRHNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Restoration Hardware (RH), consensus 64c; Men's Wearhouse (MW), consensus $1.06; Five Below (FIVE), consensus 14c; Sigma Designs (SIGM), consensus (8c); Wet Seal (WTSL), consensus (9c).
14:04 EDTPIRPier 1 Imports September volatility elevated into Q2 and outlook
Pier 1 Imports September call option implied volatility is at 48, October is at 34, December is at 31; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 18.
07:22 EDTRHRestoration Hardware September volatility elevated into Q2 and outlook
Subscribe for More Information
September 9, 2014
08:37 EDTRHRestoration Hardware set-up favorable into earnings, says Jefferies
Jefferies views the set-up for shares of Restoration Hardware as favorable into the company's Q2 results Wednesday night. The firm believes Restoration can top the high-end of sales guidance and that concerns around product margin are overblown. Jefferies notes that as of mid-August, the short interest in the name was 21% of the float at 7.4M shares. It believes shorting the stock into the earnings announcement would be "unwise" and keeps a Buy rating on Restoration Hardware with an $88 price target.
September 5, 2014
19:56 EDTWSMWilliams-Sonoma management to meet with SunTrust
Subscribe for More Information
September 3, 2014
11:07 EDTWSMOptions with decreasing implied volatility
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