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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
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March 23, 2015
09:10 EDTRHRestoration Hardware should be bought ahead of earnings, says Cowen
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March 20, 2015
16:22 EDTPIRGlenhill Advisors reports 5.2% passive stake in Pier 1 Imports
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10:18 EDTWSMOptions with decreasing implied volatility
Options with decreasing implied volatility: NKTR FOLD RUSL RSX ORCL GES CTRP SLXP WSM SPXS
10:00 EDTPIROn The Fly: Analyst Upgrade Summary
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09:24 EDTPIROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
05:41 EDTPIRPier 1 Imports upgraded to Outperform from Perform at Oppenheimer
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March 19, 2015
10:23 EDTWSMHigh option volume stocks
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10:02 EDTWSMOn The Fly: Analyst Downgrade Summary
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09:20 EDTWSMOn The Fly: Pre-market Movers
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07:40 EDTWSMWilliams-Sonoma Q4 better than it looks, says Deutsche Bank
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06:46 EDTWSMWilliams-Sonoma downgraded to Hold from Buy at BB&T
BB&T downgraded Williams-Sonoma to Hold following the in-line Q4 report based on valuation.
March 18, 2015
18:32 EDTWSMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
16:21 EDTWSMWilliams-Sonoma slips lower following earnings miss, levels to watch
Shares fell before earnings in the regular session and are continuing lower after hours. At the current price of $78.99, the stock is now below the 50-day moving average at $79.54 and that is now resistance. Next support based on current price is at $78.18.
16:18 EDTWSMWilliams-Sonoma increases quarterly dividend 2c to 35c per share
Williams-Sonoma announced that its board has authorized a 6% increase in the company’s quarterly cash dividend. The quarterly cash dividend will be increased to 35c from 33c per common share and is payable on May 28 to shareholders of record as of the close of business on April 24.
16:17 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.63
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16:16 EDTWSMWilliams-Sonoma sees Q1 EPS 40c-45c, consensus 54c
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16:14 EDTWSMWilliams-Sonoma reports Q4 EPS ex-items $1.52, consensus $1.52
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15:20 EDTWSMNotable companies reporting after market close
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07:19 EDTWSMWilliams-Sonoma volatility elevated into Q4 and outlook
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March 13, 2015
10:51 EDTBBBYOptions with increasing implied volatility
Options with increasing implied volatility: PVA BBEP SLXP ENDP MYL BBBY TEVA ZTS
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