New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 13, 2014
11:22 EDTRH, KIRK, BBBY, WSM, PIRWilliams-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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 12, 2014
09:23 EDTRHRestoration Hardware Q4 guidance conservative, says Janney Capital
Janney Capital believes Restoration Hardware remains one of the best growth stories in retail and thinks the company's Q4 guidance is conservative. The firm maintains its Buy rating on the stock and raised its fair value estimate on the shares to $96 from $87.
08:45 EDTPIRPier 1 Imports volatility elevated into Q3 and outlook
Subscribe for More Information
December 11, 2014
16:30 EDTRHOn The Fly: Closing Wrap
Subscribe for More Information
13:03 EDTRHOn The Fly: Midday Wrap
Subscribe for More Information
12:34 EDTWSM, PIR, RHRestoration Hardware hits 52-week high after beating Q3 estimates
Subscribe for More Information
10:24 EDTRHOptions with decreasing implied volatility
Subscribe for More Information
10:21 EDTRHHigh option volume stocks
Subscribe for More Information
08:39 EDTRHRestoration Hardware price target raised to $115 from $90 at RW Baird
Subscribe for More Information
07:11 EDTRHRestoration Hardware strategy appears to be working, says Wells Fargo
Subscribe for More Information
06:48 EDTRHRestoration Hardware price target raised to $100 from $90 at Deutsche Bank
Subscribe for More Information
December 10, 2014
18:31 EDTRHOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
16:26 EDTRHRestoration Hardware up over 5% after Q3 results, guidance
Subscribe for More Information
16:15 EDTRHRestoration Hardware sees FY14 CapEx $115M-$125M
Subscribe for More Information
16:14 EDTRHRestoration Hardware raises FY14 adjusted EPS view to $2.33-$2.35
Subscribe for More Information
16:12 EDTRHRestoration Hardware sees Q4 adjusted EPS 99c-$1.01, consensus $1.00
Subscribe for More Information
16:11 EDTRHRestoration Hardware raises FY14 adjusted EPS view to $2.33-$2.35
Subscribe for More Information
16:08 EDTRHRestoration Hardware reports Q3 adjusted EPS 49c, consensus 48c
Subscribe for More Information
15:25 EDTRHNotable companies reporting after market close
Subscribe for More Information
December 9, 2014
14:47 EDTKIRKKirkland's management to meet with Piper Jaffray
Subscribe for More Information
14:43 EDTRHRestoration Hardware volatility elevated into Q3 and outlook
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