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Stock Market & Financial Investment News

News Breaks
June 25, 2014
13:24 EDTZU, CRI, PLCEzulily 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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February 19, 2015
08:00 EDTPLCEChildren's Place downgraded to Hold from Buy at Maxim
As previously reported, Maxim downgraded Children's Place to Hold from Buy. The firm has lowered estimates and tempered gross margin expectations given FX impact, unfavorable weather, and likely apparel deflation. Price target lowered to $51 from $60.
07:36 EDTPLCEChildren's Place downgraded to Hold from Buy at Maxim
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February 18, 2015
10:32 EDTZUOptions with decreasing implied volatility
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10:05 EDTZUOn The Fly: Analyst Downgrade Summary
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February 17, 2015
16:13 EDTZUzulily downgraded to Neutral from Outperform at RW Baird
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10:51 EDTZUOptions with decreasing implied volatility
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February 12, 2015
12:43 EDTZUOn The Fly: Midday Wrap
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12:36 EDTZUzulily sinks after disappointing Q4 results, slower growth outlook
Shares of zulily (ZU) are tumbling after the e-commerce company's fourth quarter results and full year 2015 guidance fell below expectations. WHAT'S NEW: zulily reported Q4 EPS 11c against estimates of 14c and Q4 revenue of $391.3M against estimates of $406.55M. The company also gave weaker-than-expected first quarter revenue guidance of $300M-$320M and FY15 revenue guidance of $1.5B-$1.65B, against estimates of $371M and $1.75B, respectively. Zulily expects Q1 non-GAAP adjusted EBITDA of ($8M)-($2M) and FY15 non-GAAP adjusted EBITDA of $55M-$80M. WHAT'S NOTABLE: Active customers grew to 4.9M at the end of Q4, an increase of 54% year-over-year. Total orders placed increased to 6.8M for Q4 and average order value was $58.09 for Q4. WHAT'S NOTABLE: Following the Q4 earnings report, zulily announced that Marc Stolzman will no longer serve as Chief Financial Officer of the company, effective February 13. Stolzman will continue to provide transition services until March 7. The company announced the appointment of Tad Larsen, its Vice President of Accounting, to serve as interim principal accounting officer and interim principal financial officer, effective February 13. Larsen will assume financial management functions until a new CFO is appointed. zulily also announced that its board authorized the repurchase of up to $250M of common stock over the next 24 months. ANALYST REACTION: zulily was downgraded at a number of analyst firms this morning, including RW Baird, Canaccord, RBC Capital, CRT Capital, Piper Jaffray and William Blair. The analyst firms cited the company's soft Q4 results and slower growth outlook. Piper Jaffray also cited uncertainty around customer metrics following the Q4 results. PRICE ACTION: In early afternoon trading, zulily fell $5.28, or 26.54%, to $14.61.
10:32 EDTZUOptions with decreasing implied volatility
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10:12 EDTZUHigh option volume stocks
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10:00 EDTZUOn The Fly: Analyst Downgrade Summary
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09:22 EDTZUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tripadvisor (TRIP), up 13.5%... Cisco Systems (CSCO), up 7.2%... FireEye (FEYE), up 7.7%... GNC (GNC), up 4.8%... NVIDIA (NVDA), up 5.5%... Whole Foods (WFM), up 2.5%. ALSO HIGHER: Orbitz Worldwide (OWW), up 21.6% after agreeing to be acquired by Expedia (EXPE). Expedia is up 11%... Ballard Power (BLDP), up 8.1% after being upgraded to Buy from Hold at Lake Street... Verastem (VSTM), up 4.7% after receiving orphan drug designation from FDA VS-5584 in mesothelioma. DOWN AFTER EARNINGS: Zulily (ZU), down 25.4%... Cabelas (CAB), down 9%... Cheesecake Factory (CAKE), down 5.9%.... Baidu (BIDU), down 4.8%... NetApp (NTAP), down 6.5%... Avon Products (AVP), down 3.6%... Tesla (TSLA), down 8.9%... Kellogg (K), down 5.1%... Amber Road (AMBR), down 16%. ALSO LOWER: Achillion Pharmaceuticals (ACHN), down 4.5% after 12M share Secondary priced at $10.25.
08:46 EDTZUzulily downgraded to Market Perform from Outperform at William Blair
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06:29 EDTZUzulily announces $250M share repurchase over next 24 months
zulily announced last night that its board has authorized the repurchase of up to $250M of common stock over the next 24 months.
06:27 EDTZUzulily says Marc Stolzman will no longer serve as CFO
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06:25 EDTZUzulily downgraded to Neutral from Overweight at Piper Jaffray
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05:49 EDTZUzulily downgraded to Fair Value from Buy at CRT Capital
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05:44 EDTZUzulily downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded zulily to Sector Perform following the disappointing Q4 report. Note Baird and Canaccord also downgraded shares this morning.
05:43 EDTZUzulily downgraded to Hold from Buy at Canaccord
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05:28 EDTZUzulily downgraded to Neutral from Outperform at RW Baird
RW Baird downgraded zulily to Neutral saying the company's Q4 results indicate cohort trends are weakening. Baird cut its price target for shares to $18 from $42.
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