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Stock Market & Financial Investment News

News Breaks
June 25, 2014
13:24 EDTCRI, PLCE, ZUzulily rallies after Goldman ups rating to Buy
Shares of Internet-based retailer zulily (ZU), which focuses on children's apparel, are climbing after Goldman Sachs upgraded the stock in a note to investors earlier today. WHAT'S NEW: zulily is poised to generate $1B of sales this year, its fifth year in business, making it only the third retailer to reach the sales milestone that quickly, after Gap's (GPS) Old Navy and Amazon.com (AMZN), Goldman Sachs analyst Taposh Bari wrote in a note to investors. zulily is likely to grow faster than the overall industry, as its multiple initiatives should enable it to attract more customers than expected into 2015, the analyst wrote. Additionally, the stock has reached an attractive entry point following its recent pullback, Bari stated. Furthermore, the company will start offering other types of products such as women's apparel and toys, the analyst believes. He upgraded the stock to Buy from Neutral and raised his price target on the shares to $50 from $47. WHAT'S NOTABLE: Although zulily has "agile merchandising" and a strong presence on the mobile Internet, the company also has relatively limited products and "lagging" delivery times, Bari reported. As a result, the threat posed by zulily to traditional children's retailers is somewhat limited, according to the analyst. The retailers best suited to fend off the threat posed by zulily are those with valuable brands, a strong online presence, and "appropriate" retail distribution systems, Bari believes. Carter's (CRI) meets all of these criteria and is a "winner," partly because of its national wholesale operation and thriving online business, according to Bari. Conversely, Children's Place (PLCE) is in a more vulnerable position, since it has similar products to those offered by zulily, along with deteriorating profit margin trends and expensive stores in malls, Bari stated. He kept a Buy rating on Carter's and a Sell rating on Children's Place. PRICE ACTION: In mid-afternoon trading, zulily jumped 10% to $40, while Carter's was flat at $69.50 and Children's Place fell 1% to $50.
News For ZU;PLCE;CRI From The Last 14 Days
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May 1, 2015
08:47 EDTPLCEChildren's Place says Macellum, Barington use 'public attacks to press agenda'
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08:38 EDTPLCEChildren's Place files presentation reagarding re-election of board members
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April 29, 2015
06:32 EDTCRICarter's sees FY15 adjusted EPS to increase 10%-14%, consensus $4.47
This forecast for fiscal 2015 adjusted earnings per share excludes anticipated expenses of approximately $6M related to the amortization of the acquired tradenames discussed above, approximately $1M related to the revaluation of the Bonnie Togs contingent consideration, and other items the company believes to be non-representative of underlying business performance. Sees FY15 net sales to increase approximately 5%, consensus $3.05B.
06:31 EDTCRICarter's sees Q2 adjusted EPS comparable to 61c in 2Q14, consensus 66c
The adjusted earnings per share forecast excludes anticipated expenses of approximately $2M related to the amortization of acquired tradenames, approximately $500K related to the revaluation of the Bonnie Togs contingent consideration, and other items the Company believes to be non-representative of underlying business performance. Expects Q2 sales growth of 6%, consensus $610.64M.
06:30 EDTCRICarter's reports Q1 Carter's retail segment sales up 11.9% to $257.7M
Carter's direct-to-consumer comparable sales increased 0.7%, comprised of eCommerce comparable sales growth of 8.1%, partially offset by a retail stores comparable sales decline of 1.2%. Reports Q1 OshKosh retail segment sales up 14.9% to $73M. OshKosh direct-to-consumer comparable sales increased 5.2%, comprised of eCommerce comparable sales growth of 20.3% and a retail stores comparable sales increase of 1.5%. Reports Q1 International segment sales down 2.7% to $68.6M. This decline reflects growth in the Company's retail store and eCommerce businesses in Canada which was more than offset by the Company's exit of retail operations in Japan in fiscal 2014, the impact of the Target Canada bankruptcy in January 2015, and the impact of foreign currency exchange rates.
06:28 EDTCRICarter's reports Q1 adjusted EPS 97c, consensus 74c
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April 27, 2015
08:38 EDTCRICarter's promotions increasingly aggressive through March, says Stephens
Stephens said its checks indicate Carter's promotions became "increasingly aggressive" through March and the firm thinks that, coupled with the beneficial Easter shift, helped drive comps higher in the month. The firm also said its channel checks indicated well controlled promos following Easter. Stephens, which expects Carter's Q1 results Wednesday to be in-line with guidance, maintains its Overweight rating and $98 price target on the stock.
08:21 EDTCRIBofA/Merrill retail/consumer analysts hold analyst/industry conference call
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08:17 EDTPLCEChildren's Place recommends holders support its independent director nominees
Children's Place announced that it has filed definitive proxy materials with the SEC and mailed a white proxy card to its shareholders in connection with its 2015 Annual Meeting of Shareholders, which will be held on May 22. Children’s Place shareholders of record as of the close of business on April 10, are entitled to vote at the 2015 Annual Meeting. The board of Children’s Place has also sent a letter to its shareholders outlining the successful continued execution of its strategic plan to transform the company, as well as its strong track record for delivering shareholder value. The letter urges shareholders to vote for the company’s strong slate of three independent director nominees and to reject the candidates set forth by Macellum SPV II, L.P. and Barington Companies Equity Partners, which together own approximately 2% of the company’s shares.

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