New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 21, 2014
10:22 EDTTIF, KORS, COH, SIG, NILE, JWNTiffany advances after beat and raise quarter
Shares of luxury retailer Tiffany (TIF) are climbing after the company reported significantly stronger than expected results and raised its full-year profit guidance. WHAT'S NEW: Tiffany reported first quarter earnings per share of 97c, well above analysts' consensus outlook of 78c. The company's Q1 revenue came in at $1B, versus the consensus outlook of $955M. The retailer said that its comparable sales jumped 9% last quarter, compared with the same period a year earlier. Meanwhile, Tiffany increased its fiscal 2014 EPS guidance to $4.15-$4.25 from $4.05-$4.15, bringing its outlook in-line with the consensus estimate of $4.17. The retailer said it expects its gross margin to rise this year. Tiffany warned, however, that it is difficult to extrapolate full-year results based on its Q1 earnings, since Q1 is historically the weakest quarter of the year. OTHERS TO WATCH: Other high end retailers include Signet Jewlers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: In early trading, Tiffany rose $8.16, or 9.25% to $96.39.
News For TIF;KORS;COH;SIG;NILE;JWN From The Last 14 Days
Check below for free stories on TIF;KORS;COH;SIG;NILE;JWN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 28, 2014
07:06 EDTSIGSignet Jewelers reports Q2 organic EPS $1.00, consensus 98c
Subscribe for More Information
August 27, 2014
18:15 EDTTIFTiffany stock should continue higher, Barron's says
Tiffany shares are up after reporting Q2 results and shares should continue higher as sales continue their trends, Barron's contends in its 'Barron's Take' column. The company's leadership transition should be smooth, the paper adds. Reference Link
17:26 EDTTIFTiffany files automatic mixed securities shelf
Subscribe for More Information
17:02 EDTJWNNordstrom files to sell common stock, no amount given
11:32 EDTCOH, TIF, SIG, JWN, KORS, NILETiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
10:13 EDTTIFHigh option volume stocks
Subscribe for More Information
09:22 EDTTIFOn The Fly: Pre-market Movers
Subscribe for More Information
08:55 EDTTIFTiffany sees "healthy' increase in FY operating margin
Subscribe for More Information
07:03 EDTTIFTiffany raises FY15 EPS view to $4.20-$4.30 from $4.15-$4.25
Consensus is $4.29. Sees worldwide net sales increasing by a high-single-digit percentage. Other assumptions include: Opening 10 Company-operated stores and closing three existing stores: opening four in the Americas, two in Asia-Pacific, two in Japan, and one each in Europe and Russia, while closing one each in the Americas, Asia-Pacific and the U.A.E. Operating margin increasing due to a higher gross margin and SG&A expense growth less than sales growth. Interest and other expenses, net of $65 million with the increase over 2013 reflecting the interest cost on higher average levels of net-debt. An effective income tax rate of 35%. A 6% increase in net inventories. Capital expenditures of $270 million, versus $221 million last year, with the increase largely reflecting incremental investments in certain information technology systems. Free cash flow of at least $400 million.
07:02 EDTTIFOptions expected to be active
Options expected to be active: TIVO TIF SWHC ARUN BOBE ADI
07:01 EDTTIFTiffany reports Q2 EPS 96c, consensus 85c
Subscribe for More Information
06:36 EDTJWNNordstrom, Target launching Instagram platform, CNBC says
Subscribe for More Information
August 26, 2014
15:53 EDTTIFTiffany September 100 straddle priced for 6.1% move into Q2
15:47 EDTTIFTiffany may be poised to top consensus, WSJ says
Analysts are upbeat about Tffany's second quarter results and they should be proven right once again, as strength in Japan and a positive shift in the timing of the Ramadan holiday may help the jeweler beat FactSet consensus forecasts that "seem conservative," according to The Wall Street Journal's "Ahead of the Tape" column. Reference Link
15:36 EDTTIFNotable companies reporting before tomorrow's open
Subscribe for More Information
15:02 EDTTIFTiffany September volatility increases into Q2 and outlook
Subscribe for More Information
14:09 EDTTIFTiffany technical comments before earnings
Subscribe for More Information
August 22, 2014
13:21 EDTJWNNordstrom completes Trunk Club acquisition
Nordstrom announced the closing on August 22 of its acquisition of Trunk Club. The company previously announced its proposed acquisition of Trunk Club by press release on July 31. The company believes this acquisition represents a natural extension of its core business, aligns with its strategic priorities around a relevant customer experience and accelerates entry into this market.
07:37 EDTTIFTiffany September volatility up into Q2 and outlook
Subscribe for More Information
August 21, 2014
08:45 EDTTIFTiffany new T Collection positive, says Sterne Agee
Subscribe for More Information
1 | 2 | all recent news | >>

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