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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:59 EDTWTSLWet Seal downgraded to Sell from Neutral at B. Riley
Price target is 50c.
News For WTSL From The Last 14 Days
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September 11, 2014
10:00 EDTWTSLOn The Fly: Analyst Upgrade Summary
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09:18 EDTWTSLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
06:33 EDTWTSLWet Seal upgraded to Buy from Neutral at B. Riley
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September 10, 2014
16:13 EDTWTSLWet Seal sees Q3 adjusted EPS (22c)-(28c), consensus (12c)
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16:10 EDTWTSLWet Seal reports Q2 non-GAAP EPS (15c), consensus (9c)
Reports Q2 revenue $121.2M, consensus $123.88M. Consolidated SSS declined 12.4%, including a decline of 11.1% at Wet Seal and a decline of 22.8% at Arden B during the wind down of that business. SSS results include e-commerce, which alone increased 11.4%, reflecting a 25.1% increase at Wet Seal, offset by a 24.6% decrease at Arden B during its wind down.
16:01 EDTWTSLWet Seal trading halted, pending news
15:50 EDTWTSLNotable 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).
September 3, 2014
13:22 EDTWTSLClinton Group to buy $3M in Wet Seal common stock
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11:30 EDTWTSLWet Seal sees Q2 adjusted EPS 15c, may not compare to consensus 29c
11:30 EDTWTSLWet Seal announces $18.5M private placement
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11:29 EDTWTSLWet Seal intends rights offering of $25M-$30M
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11:28 EDTWTSLWet Seal reports preliminary Q2 revenue $121.2M, consensus $164.01M
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11:27 EDTWTSLWet Seal appoints Thomas CEO to replace Goodman
The Wet Seal announced changes to its management team. Edmond Thomas is rejoining the company as CEO and a member of the Board of Directors, starting on September 8. Thomas previously served as CEO and a Director of the Company from 2007-2011 and president and COO and a Director of the company from 1992-2000. The Board of Directors has mutually agreed with John Goodman for him to step down as CEO and a member of the Board of Directors, effective immediately.
11:25 EDTWTSLWet Seal appoints Thomas CEO
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10:00 EDTWTSLOn The Fly: Analyst Downgrade Summary
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07:41 EDTWTSLWet Seal downgraded to Hold from Buy at KeyBanc
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06:29 EDTWTSLWet Seal says CEO John Goodman leaves company
Wet Seal (WTSL) said in a filing that on August 27, the company’s Board of Directors voted to approve John D. Goodman’s Severance Agreement and Release with the company. Pursuant to such agreement, Goodman’s employment with the company ended on August 26, at which time he resigned as the company’s CEO and from all other positions with the company, including his position as a director on the Board of Directors. In addition, on August 27, the company’s Board of Directors voted to appoint Edmond S. Thomas to serve as the company's CEO and to serve as a member of the Board of Directors. Thomas’s appointments will be effective on the date that his full-time employment with the company commences, which is expected to be September 8. Thomas most recently served as a partner of KarpReilly, LLC, a private investment firm focused on small to mid-size growth companies, from February 2011 to August 2014. Thomas previously served as President and CEO of Wet Seal from October 2007 to January 2011. Thomas is currently a member of the board of directors of New York & Company (NWY).

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