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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:56 EDTRH, PIR, 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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September 16, 2014
10:37 EDTRHOptions with decreasing implied volatility
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September 15, 2014
10:56 EDTRHOptions with decreasing implied volatility
Options with decreasing implied volatility: TRW ULTA GTAT FIVE RH LULU LE RAX ARCP BKS
08:12 EDTWSMWilliams-Sonoma poor Q2 optics probably temporary, says SunTrust
After meeting with Williams-Sonoma's management, SunTrust believes that the poor optics included in the company's Q2 results were probably temporary. The firm thinks that the company's market share gains are likely to continue in the near, intermediate and longer terms. It keeps a Buy rating on the shares.
September 12, 2014
10:35 EDTRHOptions with decreasing implied volatility
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September 11, 2014
12:05 EDTRH, PIRRestoration Hardware falls as company lowers FY14 revenue view
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11:07 EDTRHOptions with decreasing implied volatility
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10:49 EDTRHHigh option volume stocks
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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
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05:57 EDTRHStocks with implied volatility above IV index mean; AMD RH
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September 10, 2014
18:33 EDTRHOn The Fly: After Hours Movers
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16:22 EDTRHRestoration Hardware slips lower after results, levels to watch
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16:14 EDTRHRestoration Hardware down 2.7% after reporting Q2 results, guidance
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16:09 EDTRHRestoration Hardware sees FY14 adjusted EPS $2.29-$2.33, consensus $2.31
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16:08 EDTRHRestoration Hardware sees Q3 adjusted EPS 46c-48c, consensus 43c
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16:07 EDTRHRestoration Hardware reports Q2 adjusted EPS 67c, consensus 64c
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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
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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.
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