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Stock Market & Financial Investment News

News Breaks
November 27, 2013
12:00 EDTTLYS, AEO, ANF, AROTilly’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 22, 2014
13:18 EDTANF, AROAbercrombie & Fitch and Aeropostale mentioned positively at ITG Research
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April 21, 2014
05:57 EDTANFStocks with implied volatility movement; RSH ANF
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April 19, 2014
20:23 EDTANFAbercrombie & Fitch to open over 100 stores in China, China Daily says
Abercrombie & Fitch plans to open over 100 stores in China over the next ten years under under its A&F and Hollister brands, says China Daily, citing an interview with SVP of marketing Craig Brommers. Reference Link
April 11, 2014
13:36 EDTANF, TLYS, 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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