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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
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October 22, 2014
09:50 EDTJWNCredit Suisse to hold a field trip
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October 21, 2014
08:06 EDTSIGSignet Jewelers remains a top pick at Nomura
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October 20, 2014
13:10 EDTKORSSteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
11:40 EDTSIGSignet Jewelers management to meet with Sterne Agee
Group breakfast to be held in New York on October 24 hosted by Sterne Agee.
October 17, 2014
10:00 EDTTIF, SIGOn The Fly: Analyst Initiation Summary
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05:32 EDTTIFTiffany initiated with an Equal Weight at Barclays
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05:32 EDTSIGSignet Jewelers initiated with an Overweight at Barclays
Target $120.
October 16, 2014
10:01 EDTTIFOn The Fly: Analyst Upgrade Summary
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10:01 EDTJWNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
05:48 EDTJWNNordstrom downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Nordstrom to Neutral after assuming coverage of the stock citing potential margin pressure in FY15 from incremental Trunk Club costs. The firm lowered its price target for shares to $70 from $77.
05:36 EDTTIFTiffany upgraded to Outperform from Neutral at Macquarie
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October 14, 2014
12:55 EDTSIGSignet Jewelers pullback a buying opportunity, says Stephens
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08:04 EDTSIGSignet Jewelers reaffirms Q2 guidance
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08:03 EDTSIGSignet Jewelers CEO Barnes resigns effective October 31, COO Light to succeed
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05:48 EDTKORSMichael Kors initiated with a Hold at Stifel
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October 10, 2014
08:05 EDTTIFTiffany underlying sales, earnings power intact, says Oppenheimer
Oppenheimer believes that Tiffany 's stock has been weighed down by a strengthening U.S. dollar and social unrest in Hong Kong, The firm says that near-term Street estimates are probably a bit too optimistic. However, Oppenheimer added that the company's underlying earnings power is intact, and it expects investor sentiment towards the name to improve. The firm keeps an Outperform rating on the shares.
October 9, 2014
09:41 EDTTIF, COHBofA/Merrill retail analysts hold an analyst/industry conference call
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October 8, 2014
13:43 EDTJWNDepartment stores fall after J.C. Penney cuts view due to difficult environment
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10:38 EDTSIGHigh option volume stocks
High option volume stocks: FRAN RMTI ACM CY CLNY SMH BEAV SIG CTB DUG SHLD

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