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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:30 EDTWSM, RH, HVT, BBBY, PIRRestoration Hardware soars to 52-week high after raising outlook
Shares of home furnishings retailer Restoration Hardware (RH) are soaring after the company's first quarter quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. WHAT'S NEW: Last night, Restoration Hardware reported Q1 adjusted earnings per share of 18c and revenue of $366.3M, topping estimates of 11c and $347.73M, respectively. Q1 comparable brand revenue increased 18%. For FY14, Restoration Hardware raised its adjusted EPS view to $2.24-$2.30 from $2.14-$2.22, compared to consensus of $2.20. Its FY14 revenue outlook was raised to $1.86B-$1.89B from $1.83B-$1.86B, versus consensus of $1.85B. CEO Gary Friedman said, "While we are still in the early stages of reading the results of our 2014 Source Books, we are very pleased with the initial response to our new products, and continue to believe that the design and presentation of these new books will be transformative to our business," adding that the company believes it will be able to deliver "$4 billion to $5 billion in annual sales" once its real estate transformation is complete in North America. ANALYST REACTION: This morning, research firm RW Baird raised its price target on Restoration Hardware to $90 from $84 following the company's "beat and raise" quarter. Baird kept its Outperform rating on the stock. Another firm, Wells Fargo, thinks the stock's valuation remains attractive and raised its price target range on the shares to $85-$88 from $82-$85. It kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, Restoration Hardware rose about 14% to $81.37 on nearly four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $83.75. Including today's advance, the stock is up approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Pier 1 Imports (PIR), Haverty Furniture (HVT), Williams Sonoma (WSM), and Bed Bath & Beyond (BBBY).
News For RH;PIR;HVT;WSM;BBBY From The Last 14 Days
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March 23, 2015
09:10 EDTRHRestoration Hardware should be bought ahead of earnings, says Cowen
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March 20, 2015
16:22 EDTPIRGlenhill Advisors reports 5.2% passive stake in Pier 1 Imports
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10:18 EDTWSMOptions with decreasing implied volatility
Options with decreasing implied volatility: NKTR FOLD RUSL RSX ORCL GES CTRP SLXP WSM SPXS
10:00 EDTPIROn The Fly: Analyst Upgrade Summary
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09:24 EDTPIROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
05:41 EDTPIRPier 1 Imports upgraded to Outperform from Perform at Oppenheimer
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March 19, 2015
10:23 EDTWSMHigh option volume stocks
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10:02 EDTWSMOn The Fly: Analyst Downgrade Summary
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09:20 EDTWSMOn The Fly: Pre-market Movers
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09:18 EDTHVTHaverty Furniture management to meet with Barrington
Meetings to be held in Montreal on March 25 and in Toronto on March 26 hosted by Barrington.
07:40 EDTWSMWilliams-Sonoma Q4 better than it looks, says Deutsche Bank
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06:46 EDTWSMWilliams-Sonoma downgraded to Hold from Buy at BB&T
BB&T downgraded Williams-Sonoma to Hold following the in-line Q4 report based on valuation.
March 18, 2015
18:32 EDTWSMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
16:21 EDTWSMWilliams-Sonoma slips lower following earnings miss, levels to watch
Shares fell before earnings in the regular session and are continuing lower after hours. At the current price of $78.99, the stock is now below the 50-day moving average at $79.54 and that is now resistance. Next support based on current price is at $78.18.
16:18 EDTWSMWilliams-Sonoma increases quarterly dividend 2c to 35c per share
Williams-Sonoma announced that its board has authorized a 6% increase in the company’s quarterly cash dividend. The quarterly cash dividend will be increased to 35c from 33c per common share and is payable on May 28 to shareholders of record as of the close of business on April 24.
16:17 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.63
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16:16 EDTWSMWilliams-Sonoma sees Q1 EPS 40c-45c, consensus 54c
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16:14 EDTWSMWilliams-Sonoma reports Q4 EPS ex-items $1.52, consensus $1.52
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15:20 EDTWSMNotable companies reporting after market close
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07:19 EDTWSMWilliams-Sonoma volatility elevated into Q4 and outlook
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