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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:56 EDTPIR, RH, WSMRestoration Hardware rallies after profit outlook tops estimates
Shares of home furnishing retailer Restoration Hardware (RH) are soaring after the company’s first quarter profit view beat estimates. WHAT'S NEW: Last night, Restoration Hardware reported fourth quarter adjusted earnings per share of 83c and revenue of $471.7M, against consensus views of 83c and $493.09M, respectively. Q4 same store sales increased 17%. WHAT’S NOTABLE: The company forecast Q1 adjusted EPS of 9c-11c, topping estimates of 7c. Q1 revenue was seen at $345M-$350M, compared to consensus of $350.11M. For fiscal 2014, Restoration Hardware said it sees adjusted EPS of $2.14-$2.22, versus consensus of $2.17, while FY14 revenue is expected to be $1.83B-$1.86B, compared to consensus $1.89B. On December 12, 2013, the company had guided FY14 EPS to $1.71-$1.74 and FY14 revenue to $1.57B-$1.58B. On its Q4 conference call, the company forecast long-term adjusted earnings growth in the mid-to-high 20s, long-term adjusted EBITDA growth in the high 20s, and long-term revenue growth in the low 20s. The company hired a new Chief Development Officer, Doug Diemoz. ANALYST REACTION: This morning, Goldman Sachs maintained a Neutral rating on the shares, but raised its 12-month price target to $74 from $72. Goldman cited an improving sales backdrop and better incremental margins. PRICE ACTION: In early morning trading, Restoration Hardware rose $7.61, or 11.9%, to $71.42 on more than three times its average daily trading volume. Including today’s rise, the stock has gained over 100% over the past twelve months. OTHERS TO WATCH: Others in the home furnishing industry include Pier 1 Imports (PIR) and Williams-Sonoma (WSM).
News For RH;PIR;WSM From The Last 14 Days
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December 12, 2014
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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December 4, 2014
06:32 EDTRHRestoration Hardware sales should rebound in Q3, says Deutsche Bank
Deutsche Bank says it expects Restoration Hardware's sales to rebound in Q3 versus Q2. The firm keeps a Buy rating on the stock saying the company remains in the early stages of its real estate transformation. Deutsche has a $90 price target for shares.
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