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Stock Market & Financial Investment News

News Breaks
May 29, 2014
11:37 EDTPSUN, TLYS, ZUMZTilly's declines after revenue, profit outlook miss estimates
Shares of West Coast apparel, footwear and accessory retailer Tilly's (TLYS) are falling after the company reported a decline in its first quarter same-store sales and lower than expected earnings guidance for the new quarter. WHAT'S NEW: Tilly's reported Q1 earnings per share of 2c, which matched analysts' consensus prediction. The company's revenue for the quarter amounted to $111.1M, which missed expectations of $113.22M. Same-store-sale for the retailer in the quarter were down 6.8%. Tilly's also noted that it expects second quarter earnings per share of 3c-7c, while analysts had guided to 13c per share. Tilly's said that it foresees second quarter same-store sales to be down in the high single digits. WHAT'S NOTABLE: During the company's Q1 earnings conference call, Tilly's said that it is starting the second quarter with inventory "well positioned" at down 4.5% on a per square foot basis. The company said that it is planning inventory per square foot to be down slightly by the end of Q2 compared to the same period last year. The retailer is on track to open at least 18 new stores during the rest of the year and it is on track with its outlet plans as well, it noted. Tilly's said that during the first quarter, the harsh winter weather that other retailers experienced was not a "meaningful influencer" for them, explaining that it has a large concentration of stores that were not adversely affected by the weather. OTHERS TO WATCH: Competitors to Tilly's include Pacific Sunwear (PSUN) and Zumiez (ZUMZ). PRICE ACTION: During late-morning trading, shares of Tilly's fell $1.76 or 16.6%, to $8.82. Over the last year, the stock has dropped about 47%.
News For TLYS;PSUN;ZUMZ From The Last 14 Days
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February 4, 2016
10:00 EDTZUMZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Market Perform from Underperform at Cowen... Alpha & Omega (AOSL) upgraded to Outperform from Market Perform at Northland... Ambarella (AMBA) upgraded to Buy from Neutral at Dougherty... ArcBest (ARCB) upgraded on valuation at Stifel... Arlington Asset Investment (AI) upgraded to Buy from Neutral at Ladenburg... Atwood Oceanics (ATW) upgraded to Accumulate from Hold at KLR Group... Buffalo Wild Wings (BWLD) upgraded to Outperform from Market Perform at Raymond James... C.H. Robinson (CHRW) upgraded to Outperform from Market Perform at Raymond James... CDK Global (CDK) upgraded to Outperform from Market Perform at Barrington... Cadence Design (CDNS) upgraded on valuation, guidance at DA Davidson... China Unicom (CHU) upgraded to Buy from Hold at HSBC... Cloud Peak (CLD) upgraded to Market Perform from Underperform at FBR Capital... Cree (CREE) upgraded to Outperform from Market Perform at Northland... CrossAmerica (CAPL) upgraded to Outperform from Neutral at Baird... Hub Group (HUBG) upgraded on results at Stifel... Kennametal (KMT) upgraded to Neutral from Underperform at Longbow... Lannett (LCI) upgraded to Buy from Hold at Craig-Hallum... Lowe's (LOW) upgraded to Conviction Buy from Buy at Goldman... Mattel (MAT) upgraded to Buy from Sell at Argus... New Oriental Education (EDU) upgraded to Buy from Neutral at Mizuho... Olin Corp. (OLN) upgraded to Buy from Neutral at Monness Crespi... RONA (RONAF) upgraded to Equal Weight from Underweight at Barclays... Red Hat (RHT) upgraded to Outperform from Market Perform at Cowen... Wayfair (W) upgraded to Buy from Neutral at Goldman... Whirlpool (WHR) upgraded to Buy from Neutral at Goldman... Yahoo (YHOO) upgraded to Buy from Neutral at Citi... Zumiez (ZUMZ) upgraded to Buy from Hold at Brean Capital... adidas (ADDYY) upgraded to Buy from Neutral at Goldman.
06:07 EDTZUMZZumiez upgraded to Buy from Hold at Brean Capital
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February 3, 2016
16:01 EDTZUMZZumiez reports January comparable sales down 4.6%
Zumiez announced that total net sales for the four-week period ended January 30 decreased 2.2% to $43.2M. The company's comparable sales decreased 4.6% for the four-week period.

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