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Stock Market & Financial Investment News

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June 12, 2014
11:30 EDTBBBY, PIR, WSM, RH, HVTRestoration 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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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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