New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2013
14:30 EDTSHOO, GCO, BWS, DSWFootwear retailers fall after DSW says recent sales trends weak
Several footwear retailers are retreating after a company in the sector, DSW (DSW), reported weaker than expected fourth quarter results. DSW added that its comparative sales have fallen 5% during the first six weeks of the current quarter as sales trends have weakened. Others in the sector, including Steve Madden (SHOO), Genesco (GCO) and Brown Shoe Company (BWS), are falling significantly in the wake of DSW's results. However, in a note to investors earlier today, research firm Canccord recommended that investors use Steve Madden's weakness as a buying opportunity. The firm believes that Steven Madden is taking market share and that its business is tracking to plan. In mid-afternoon trading, Steve Madden fell 3.6% to $43, Genesco gave back 2% to $60.10, Brown Shoe Company lost 1.4% to $16.90 and DSW tumbled 6.7% to $62.50.
News For SHOO;GCO;BWS;DSW From The Last 14 Days
Check below for free stories on SHOO;GCO;BWS;DSW the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 20, 2014
10:02 EDTGCOGenesco upgraded to Outperform from Market Perform at Avondale
Subscribe for More Information
August 15, 2014
10:01 EDTSHOOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:50 EDTSHOOSteven Madden upgraded to Buy from Neutral at Sterne Agee
Subscribe for More Information
August 14, 2014
16:04 EDTSHOOSteven Madden acquires Dolce Vita Holdings for $60.3M in cash
Steve Madden announced that it has completed the acquisition of privately held Dolce Vita Holdings, which specializes in the design, sourcing and sale of branded and private label footwear. Dolce Vita had net sales in 2013 of approximately $111M. The acquisition was completed for $60.3M in cash subject to a working capital adjustment plus an earn-out provision based on future financial performance. The transaction is expected to be 2c-3c dilutive to EPS in FY14 and to be modestly accretive in FY15.
August 12, 2014
10:00 EDTSHOOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Applied Micro Circuits (AMCC) downgraded to Market Perform at FBR Capital... CSX (CSX) downgraded to Neutral from Outperform at Macquarie... Southwestern Energy (SWN) downgraded to Market Perform from Outperform at BMO Capital... Steven Madden (SHOO) downgraded to Neutral from Buy at Citigroup... Teck Resources (TCK) downgraded to Sell from Neutral at Goldman... United Technologies (UTX) downgraded at Cowen... Walter Investment (WAC) downgraded to Market Perform from Outperform at FBR Capital... Whiting USA Trust (WHX) downgraded to Underperform at Raymond James... magicJack (CALL) downgraded to Hold from Buy at Canaccord.
06:14 EDTSHOOSteven Madden downgraded to Neutral from Buy at Citigroup
Subscribe for More Information
August 8, 2014
10:00 EDTGCOOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:55 EDTGCOGenesco initiated with a Hold at Jefferies
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use