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3Q Upside Expected for Jos. A. Bank Clothiers (NASDAQ: JOSB)
Tuesday, November 30, 2010 - 9:22am | 113Sterne Agee is expecting Jos. A. Bank Clothiers (NASDAQ: JOSB) to have 3Q upside. In a note to clients, Sterne Agee writes, "Our estimate is $0.48 against $0.42 last year with SSS projected up 6% versus 3.3% last year. The FC consensus is $0.50 with the Retail Metrics SSS consensus at 4.8%. Q3 is...
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Guess?, Inc. - Growth & Income
Monday, November 29, 2010 - 8:00pm | 421GUESS?, Inc. (GES) is increasingly becoming a globally recognized brand. Ten years ago, only 6% of revenue came from outside of North America - now it's almost 50%. Guess recently reported another positive earnings surprise driven by solid top-line growth in Europe and Asia. Management also raised...
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Abercrombie & Fitch Might Be Worth $60 (ANF, JCG)
Monday, November 29, 2010 - 1:43pm | 83Steve Grasso said on CNBC's Fast Money Halftime Show that Abercrombie & Fitch (NYSE: ANF) may still be undervalued despite trading near 52-week highs on Monday. He noted that if you apply a similar multiple to ANF as TPG Capital paid for J. Crew (NYSE: JCG) you have a $60 stock. Despite broad...
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Abercrombie & Fitch Up In A Sea Of Red (ANF)
Monday, November 29, 2010 - 1:42pm | 95Steve Grasso just mentioned that the price action in Abercrombie & Fitch Co. (NYSE: ANF) today suggests that potentially something is going on behind the scenes, potentially related to a merger. Last week, the retail space saw J. Crew (NYSE: JCG) go private for $43.50 per share in cash. If...
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Are There Deals to be had in Retail Stocks?
Monday, November 29, 2010 - 1:00pm | 670Recession be damned, Americans appear determined to spend what they can this holiday season. MarketWatch reports that the National Retail Federation survey indicated that the number of shoppers jumped 8.7 percent over the four day holiday weekend, and...
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Are There Deals to be had in Retail Stocks?
Monday, November 29, 2010 - 1:00pm | 670Recession be damned, Americans appear determined to spend what they can this holiday season. MarketWatch reports that the National Retail Federation survey indicated that the number of shoppers jumped 8.7 percent over the four day holiday weekend, and...
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Stock Market News for November 29, 2010 - Market News
Monday, November 29, 2010 - 10:30am | 420Markets fell during Friday's shortened trading session as worries about European finances kept jittery investors off stocks. Across the Atlantic, as the USS George Washington moved into the Yellow Sea, a belligerent North Korea warned that the United States and South Korea's joint military exercise...
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Pacific Sunwear Black Friday Same-Store Sales Declined by 2%
Monday, November 29, 2010 - 10:25am | 56Gary H. Schoenfeld, Chief Executive Officer of Pacific Sunwear of California, Inc. (Nasdaq: PSUN) will be appearing on CNBC today at approximately 9:50 a.m. EST. In advance of Mr. Schoenfeld's appearance, the Company announced that its same-store sales for Black Friday, November 26, 2010, declined...
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Brian Sozzi: Is Cyber Monday Not Important?
Monday, November 29, 2010 - 10:19am | 176Brian Sozzi of Wall Street Strategies notes that Cyber Monday may be not as important as retailers would like you to think it is. Sozzi notes that Wal-Mart (NYSE: WMT), American Eagle (NYSE: AEO) and Abercrombie (NYSE: ANF) are having promotions, but Abercrombie isn't as promotional as it was on...
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Earnings Scorecard: Ross - Analyst Blog
Monday, November 29, 2010 - 9:30am | 922On November 18, 2010, Ross Stores Inc. (ROST ) reported third-quarter fiscal 2010 earnings of $1.02 per share, which met the Zacks Consensus Estimate. The company expects earnings of $1.15 to $1.20 for the fourth quarter of fiscal 2010 and, for the fiscal 2010, the company expects to earn in the...
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American Eagle Upgraded to Buy at Janney Montgomery Scott
Monday, November 29, 2010 - 9:28am | 31American Eagle (NYSE: AEO) is upgraded from Neutral to Buy at Janney Montgomery Scott. The analysts have a $20 price target on American Eagle.
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Piper Jaffray Favors Limited Brands (LTD)
Monday, November 29, 2010 - 8:16am | 130Piper Jaffray favors Limited Brands, Inc. (NYSE: LTD) going into the holiday season. It has a $35 price target on shares and an Overweight rating. In a note sent to clients, Piper Jaffray states, "We continue to favor the women's apparel retailers that cater to the higher-end of the economy:...
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Janney Capital Upgrades AEO To Buy
Monday, November 29, 2010 - 7:51am | 50Analysts at Janney Capital upgrade American Eagle Outfitters (NYSE: AEO) from "neutral" to "buy." The target price for AEO is set to $20. AEO's shares gained 0.54% to close at $16.90 on Friday. More Analyst Ratings here
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Top 4 Stocks In The Department Stores Industry With The Highest Dividend Yield (JCP, TJX, M, DDS)
Monday, November 29, 2010 - 6:00am | 125Below are the top department store stocks on the NYSE and the NASDAQ in terms of dividend yield. J.C. Penney Company Inc (NYSE: JCP) has a dividend yield of 2.50%. JCP's shares closed at $32.55 on Friday. TJX Companies Inc (The) (NYSE: TJX) has a dividend yield of 1.30%. TJX's shares closed at $46....
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Stock Market News for November 29, 2010 - Market News
Monday, November 29, 2010 - 5:20am | 420Markets fell during Friday's shortened trading session as worries about European finances kept jittery investors off stocks. Across the Atlantic, as the USS George Washington moved into the Yellow Sea, a belligerent North Korea warned that the United States and South Korea's joint military exercise...