Apparel Retail

Wedbush Securities has lowered the price target on Guess? (NYSE: GES) from $50 to $37 and maintains its Neutral rating.

Sterne Agee has published a research report on Guess? (NYSE: GES) reiterating the rating and price target. In the report, Sterne Agee wrote, "GES reported upside to Q2 at $0.84 on an adjusted basis excluding a $0.19 settlement charge with a service provider in Europe. All segments reported sales...

According to Citi, Guess? (NYSE: GES) put up a solid quarter with a $0.03 beat to consensus ($0.07 vs the estimate) that was driven by better top-line and an improvement in the gross margin. Citi said that the U.S. business is on stronger footing and Europe delivered a solid quarter with 30%...

Collective Brands Inc (NYSE: PSS) soared 33.27% to $13.70 in the pre-market trading. PSS reported better-than-expected quarterly profit. Bank of America Corporation (NYSE: BAC) rose 2.86% to $7.19 in the pre-market session. BAC shares have dropped 44.79% over the past 52 weeks, while the S&P...

Piper Jaffray has published a research report on American Eagle (NYSE: AEO) lowering the price target. In the report, Piper Jaffray wrote, "While we are encouraged by the traction the company is getting with their denim campaign and that current comp trends are positive, we are concerned with the...

Piper Jaffray has published a research report on Guess? (NYSE: GES) reiterating the current view of the company. In the report, Piper Jaffray wrote, "On the heels of Q2's earnings report in which the company slightly exceeded expectations, we are encouraged that the company's outlook for Europe is...

Brown Shoe Company, Inc. (NYSE: BWS) today announced it entered into an agreement to sell AND 1 to Galaxy International, a newly-formed brand management company, for $55 million in cash. The transaction is expected to close within 45 days and is subject to customary closing conditions and Galaxy...

Citigroup has lowered the price target on Guess? (NYSE: GES) from $51 to $47 and maintains its Buy rating.

US stock futures are slightly lower this morning, as investors are awaiting jobless claims data. Shares of Apple Inc (NASDAQ: AAPL) dropped about 4.5% in pre-market trading following the resignation of Chief Executive Officer Steve Jobs. Futures for the Dow Jones Industrial Average dropped 12...

Jefferies & Company has lowered the price target on Guess? (NYSE: GES) from $62 to $60 and maintains its Buy rating.

Piper Jaffray has lowered the price target on American Eagle (NYSE: AEO) from $14 to $11 and maintains its Neutral rating.

Below are the top department store stocks on the NYSE in terms of cash. J.C. Penney Company Inc (NYSE: JCP) had $1.55 billion in total cash and $3.10 billion in total debt for the latest quarter. Macy's Inc (NYSE: M) had $1.50 billion in total cash and $7.08 billion in total debt for the latest...

Krispy Kreme Doughnuts Inc (NYSE: KKD) is expected to report its Q2 EPS at $0.06 on revenue of $92.26 million. Hormel Foods Corporation (NYSE: HRL) is estimated to report its Q3 EPS at $0.35 on revenue of $1.87 billion. Shoe Carnival Inc (NASDAQ: SCVL) is projected to report its Q2 EPS at $0.30...

Some of the stocks that may grab investor focus today are: Wall Street expects Hormel Foods Corporation (NYSE: HRL) to report its Q3 EPS at $0.35 on revenue of $1.87 billion. HRL shares rose 0.39% to close at $28.44 yesterday. Guess Inc (NYSE: GES) reported its FQ2 net profit at $60.7 million, or...

Collective Brands, Inc. (NYSE: PSS) announced that its Board of Directors will, together with management, conduct a review of strategic and financial alternatives to further enhance shareholder value. Working with its advisors, Perella Weinberg Partners and Kurt Salmon, the Board and management...