New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 13, 2014
11:22 EDTWSM, KIRK, PIR, BBBY, RHWilliams-Sonoma soars to 52-week high after results top estimates
Shares of home goods retailer Williams-Sonoma (WSM) hit a new 52-week high after the company's fourth quarter results topped expectations. In addition to its flagship brand, the company also operates the West Elm and Pottery Barn collection of chains. WHAT'S NEW: Last night, Williams-Sonoma reported Q4 earnings per share of $1.38 and revenue of $1.47B, beating expectations of $1.36 and $1.43B, respectively. Q4 comparable brand revenue increased 10.4%. The company forecast Q1 EPS of 41c-44c and revenue of $920M-$940M, compared to consensus of 46c and $943.61M, respectively. Q1 comparable brand revenue is expected to increase 4%-6%. For FY14, Williams-Sonoma expects EPS and revenue of $3.05-$3.15 and $4.63B-$4.71B, versus consensus of $3.20 and $4.64B, respectively. FY14 comparable brand revenue is expected to increase 5%-10%. The company also raised its quarterly dividend to 33c from 31c per share. ANALYST REACTION: This morning, Citigroup removed Williams-Sonoma from its U.S. Focus list following the company's Q4 results, citing the stock's strong performance over the past year. However, the firm reiterated a Buy rating on shares with a $67 price target. Another firm, RW Baird, raised their price target on the shares to $70 from $64. The firm cited robust top-line trends, leverage to housing and e-commerce, and emerging international growth. RW Baird has an Outperform rating on Williams-Sonoma. PRICE ACTION: In late morning trading, Williams-Sonoma rose $5.95, or about 10%, to $64.92 on three times its average daily trading volume. The stock continues to make new 52-week highs as the session unfolds. Including today's advance, the stock has gained about 43% over the past twelve months. OTHERS TO WATCH: Other retailers specializing in home goods include Pier 1 Imports (PIR), Bed Bath & Beyond (BBBY), and Restoration Hardware (RH). Another company in the space, Kirklands (KIRK), also reported results this morning and its shares were up about 6% in late morning trading.
News For WSM;KIRK;PIR;BBBY;RH From The Last 14 Days
Check below for free stories on WSM;KIRK;PIR;BBBY;RH 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 | >>
September 12, 2014
11:03 EDTBBBYOptions with increasing implied volatility
Options with increasing implied volatility: ADHD VNET AVNO RAX VALE NLY EWZ BBBY SYY GGP
10:35 EDTRHOptions with decreasing implied volatility
Subscribe for More Information
September 11, 2014
12:05 EDTRH, PIRRestoration Hardware falls as company lowers FY14 revenue view
Subscribe for More Information
11:07 EDTRHOptions with decreasing implied volatility
Subscribe for More Information
10:49 EDTRHHigh option volume stocks
Subscribe for More Information
07:47 EDTRHRestoration Hardware bullish thesis remains intact, says RW Baird
Baird said its bullish thesis on Restoration Hardware remains intact despite the company's Q2 revenue shortfall. The firm cited stronger margins, late quarter revenue momentum, new product introductions, and expectations for margin expansion. Shares of Restoration Hardware are Outperform rated with a $90 price target.
06:39 EDTRHRestoration Hardware shares will bounce back today, says Jefferies
Subscribe for More Information
05:57 EDTRHStocks with implied volatility above IV index mean; AMD RH
Subscribe for More Information
September 10, 2014
18:33 EDTRHOn The Fly: After Hours Movers
Subscribe for More Information
16:22 EDTRHRestoration Hardware slips lower after results, levels to watch
Subscribe for More Information
16:14 EDTRHRestoration Hardware down 2.7% after reporting Q2 results, guidance
Subscribe for More Information
16:09 EDTRHRestoration Hardware sees FY14 adjusted EPS $2.29-$2.33, consensus $2.31
Subscribe for More Information
16:08 EDTRHRestoration Hardware sees Q3 adjusted EPS 46c-48c, consensus 43c
Subscribe for More Information
16:07 EDTRHRestoration Hardware reports Q2 adjusted EPS 67c, consensus 64c
Subscribe for More Information
15:50 EDTRHNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Restoration Hardware (RH), consensus 64c; Men's Wearhouse (MW), consensus $1.06; Five Below (FIVE), consensus 14c; Sigma Designs (SIGM), consensus (8c); Wet Seal (WTSL), consensus (9c).
14:04 EDTPIRPier 1 Imports September volatility elevated into Q2 and outlook
Pier 1 Imports September call option implied volatility is at 48, October is at 34, December is at 31; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 18.
07:22 EDTRHRestoration Hardware September volatility elevated into Q2 and outlook
Subscribe for More Information
September 9, 2014
08:37 EDTRHRestoration Hardware set-up favorable into earnings, says Jefferies
Jefferies views the set-up for shares of Restoration Hardware as favorable into the company's Q2 results Wednesday night. The firm believes Restoration can top the high-end of sales guidance and that concerns around product margin are overblown. Jefferies notes that as of mid-August, the short interest in the name was 21% of the float at 7.4M shares. It believes shorting the stock into the earnings announcement would be "unwise" and keeps a Buy rating on Restoration Hardware with an $88 price target.
September 5, 2014
19:56 EDTWSMWilliams-Sonoma management to meet with SunTrust
Subscribe for More Information
September 3, 2014
11:07 EDTWSMOptions with decreasing implied volatility
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