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Stock Market & Financial Investment News

News Breaks
November 27, 2013
12:00 EDTARO, TLYS, ANF, AEOTilly’s hits 52-week low after weak traffic trends dent holiday outlook
Shares of specialty teen retailer Tilly’s (TLYS) are sinking after the company’s fourth quarter and fiscal 2013 profit outlook fell well short of analysts’ consensus estimates. WHAT'S NEW: Last night, Tilly’s reported third quarter earnings per share of 22c and revenue of $123.8M, compared to analysts’ consensus estimates of 21c and $132.59M, respectively. The company said comparable store sales declined 2.4% in the quarter. Tilly's forecast fourth quarter EPS of 15c-21c, which was well below the consensus forecast of 35c. The company stated, "We continue to experience weak traffic trends and a highly promotional environment in teen retail. If these trends continue, we would expect fourth quarter comparable store sales to decline in the mid to high single digits." ANALYST REACTION: This morning, three research firms, namely Goldman Sachs, William Blair, and SunTrust, all downgraded Tilly’s. In contrast, Stifel said Tilly's shares should be bought on weakness. Stifel lowered its price target on the stock to $15 from $18, but kept a Buy rating on the shares, stating that it believes the company still has significant strengths that it can use to attract consumers. PRICE ACTION: In late morning trading, Tilly’s fell $3.78 or about 24% to $12.09 on more than ten times its average daily trading volume. The shares hit a new 52-week low of $11.63 earlier in the session and are down approximately 10% since the start of the year. OTHERS TO WATCH: Others in the teen retailing space include American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF) and Aeropostale (ARO).
News For TLYS;AEO;ANF;ARO From The Last 14 Days
Check below for free stories on TLYS;AEO;ANF;ARO the last two weeks.
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April 11, 2014
13:36 EDTTLYS, ANF, AEOGap falls after experiencing sharp decline in March SSS
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09:04 EDTAROAeropostale price target lowered to $5 from $7.50 at BofA/Merrill
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April 9, 2014
16:34 EDTANFAbercrombie & Fitch names Joanne Crevoiserat CFO
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10:06 EDTAROOn The Fly: Analyst Downgrade Summary
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09:20 EDTANFBofA/Merrill's retail analysts hold an analyst/industry conference call
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April 8, 2014
17:04 EDTAROAeropostale downgraded to Underweight from Neutral at Piper Jaffray
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10:03 EDTAEOOn The Fly: Analyst Downgrade Summary
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08:46 EDTAEOAmerican Eagle downgraded to Neutral at Janney Capital
As previously reported, Janney Capital downgraded American Eagle to Neutral from Buy. The firm cited weak demand so far this spring at American Eagle, as well as the highly promotional mall environment. Janney lowered its price target on the stock to $10 from $17.
06:19 EDTAEOAmerican Eagle downgraded to Neutral from Buy at Janney Capital
April 7, 2014
16:28 EDTAEOOn The Fly: Closing Wrap
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10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
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09:10 EDTAEOOn The Fly: Pre-market Movers
HIGHER: Questcor (QCOR), up 27% after agreeing to be bought by Mallinckrodt (MNK) for cash, stock valued at $86.10 per Questcor share... Agios Pharmaceuticals (AGIO), up 25% after program shows "promising clinical activity" for advanced blood cancers, shares upgraded at JPMorgan... Vocus (VOCS), up 47% after agreeing to be acquired by GTCR for $446.5M, or $18.00 per share... Pandora (P), up 1.3% following upgrade at Wedbush. LOWER: MannKind (MNKD), down 13% after announcing FDA extension of PDUFA date for Afrezza... American Eagle (AEO), down 2.2% following downgrade at Cowen... Pfizer (PFE), down 2.8% after announcing data for palbociclib in metastatic breast cancer... Mattel (MAT), down 3% following downgrade at BMO Capital... WWE (WWE), down 1.2% after cautious mention in Barron's, company announcing WrestleMania 30 grossed $10.9M.
08:16 EDTAEOAmerican Eagle downgraded at Cowen
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06:34 EDTAEOAmerican Eagle downgraded to Underperform from Market Perform at Cowen
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