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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:56 EDTWSM, PIR, RHRestoration 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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February 10, 2016
13:38 EDTPIRPier 1 Imports recalls about 800 swivel dining chairs
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February 3, 2016
11:37 EDTWSMOptions with increasing put volume; PSX CDNS DF WDR MELI MAS NOV WSM DB
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February 1, 2016
10:02 EDTRHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
06:22 EDTRHRestoration Hardware downgraded to Market Perform from Outperform at Cowen
Cowen analyst Oliver Chen downgraded Restoration Hardware (RH) to Market Perform saying a slowdown in high-end consumer spending brings risk to 2016 estimates. The analyst cut his price target for the shares to $64 from $105. Chen also downgraded Tiffany (TIF) this morning.

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