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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:52 EDTDSW, IR, NEPT, NES, TPH, AU, KORS, CAKE, GPRE, SBGLHigh option volume stocks
High option volume stocks: SBGL AU NEPT GPRE TPH IR CAKE NES DSW KORS
News For SBGL;AU;NEPT;GPRE;TPH;IR;CAKE;NES;DSW;KORS From The Last 14 Days
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September 2, 2015
11:07 EDTKORSVera Bradley surges on better-than-expected Q2 earnings, upbeat FY16 view
Shares of Vera Bradley (VRA) surged in morning trading after the company reported better-than-expected second quarter results and raised its outlook for fiscal year 2016. Vera Bradley is a designer of women's handbags, accessories, luggage and travel items and eyewear. WHAT'S NEW: Vera Bradley reported Q2 earnings per share from continuing operations of 15c on revenue of $120.7M, beating analysts' expectations of 11c and $114.99M, respectively. Same-store sales decreased 15% for the quarter, though Robert Wallstrom, the company's chief executive officer, said that the company's comparable sales trend began to improve toward the end of the quarter due to new product offerings, improved in-store execution and initial marketing efforts. Looking ahead, Vera Bradley forecast third quarter EPS from continuing operations of 19c-21c on revenue of $120M-$123M, against analysts' consensus estimates of 15c and $117.2M, respectively. Wallstrom said that the company's turnaround will take time, but noted "meaningful progress" being made, and that Vera Bradley is "confident" in its long-term strategic plan. WHAT'S NOTABLE: Vera Bradley raised its FY16 continuing operations EPS view to 72c-82c from 64c-74c, higher than analysts' expectations of 66c. Additionally, the company's FY16 revenue view was narrowed to $487M-$495M from $480M-$495M, still ahead of analysts' consensus estimates of $481.57M. On its Q2 earnings conference call, Vera Bradley forecast sees Q3 and FY16 same-store sales down in the low double-digit percentage range. The company added that it eliminated hyperpromotions and pared back promotional days in Q2 and noted that it is seeing "green shoots" from its turnaround efforts. Vera Bradley said it sees a decline in hyperpromotional activity in FY16. PRICE ACTION: Vera Bradley shares are up 23.49% to $12.88 in morning trading. OTHERS TO WATCH: Vera Bradley peers include Coach (COH), down 0.54%, Michael Kors (KORS), up 1.92%, and Fossil Group (FOSL), up 0.64%.
September 1, 2015
17:02 EDTKORSMichael Kors reappoints Cathy Robinson as COO
Cathy Marie Robinson withdrew her resignation as an executive officer of Michael Kors Holdings, which was previously disclosed in the Company's Current Report on Form 8-K filed with the SEC on August 11. Effective August 27 Robinson was re-appointed as an executive officer of the Company with the new title of "Senior Vice President of Corporate Strategy and COO". In connection with her promotion, Robinson will receive a grant of restricted share units valued at approximately $1,500,000 under the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan.
August 31, 2015
10:03 EDTIRHigh option volume stocks
High option volume stocks: MDCO IR TROV RLGY PAH XRX ACRX
August 28, 2015
10:13 EDTIRHigh option volume stocks
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August 26, 2015
09:30 EDTDSWDSW selloff after earnings overdone, says William Blair
William Blair analyst Amy Noblin acknowledged that DSW's Q2 sales were light compared to expectations, but said the quarter was "solid" overall in her view and attributes the post-earnings selloff to concerns regarding strength in athletic footwear, to which DSW is under-exposed, and limited margin recapture given its investments. However, Noblin said she is encouraged that DSW keeps showing positive comp and margin performance and remains positive on the shares.
09:07 EDTDSWDSW price target lowered to $37 from $44 at Jefferies
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08:08 EDTDSWDSW price target lowered to $37 from $46 at Canaccord
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August 25, 2015
16:43 EDTDSWOn The Fly: Top stock stories for Tuesday
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09:13 EDTDSWOn The Fly: Pre-market Movers
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07:03 EDTDSWDSW backs FY15 EPS $1.80-$1.90, consensus $1.91
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07:02 EDTDSWDSW reports Q2 EPS 42c, consensus 42c
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August 24, 2015
15:09 EDTDSWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
09:49 EDTKORSFitbit being sold at Macy's seen as near-term catalyst
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August 20, 2015
09:30 EDTDSWDSW Q2 revenue tracking below consensus, says ITG Research
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August 19, 2015
10:05 EDTAUHigh option volume stocks
High option volume stocks: MNTA TUR ITB CLR HILL DV AU XLNK AEO CYBR

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