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Piper Jaffray Raises Estimates on Genesco
Wednesday, November 24, 2010 - 9:29am | 35Piper Jaffray has reiterated its Overweight Rating on Genesco (NYSE: GCO) amid favorable FQ3 results. Piper Jaffray's price target on Genesco has been raised to $42.00, up from $33.00.
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J. Crew Agrees To Be Acquired By TPG Capital And Leonard Green & Partners
Wednesday, November 24, 2010 - 9:20am | 149Oppenheimer has published a research report on J. Crew Group (NYSE: JCG) and has upgraded the company from Not Rated to Outperform. In the report, Oppenheimer writes "JCG agreed to be acquired by TPG Capital and Leonard Green & Partners, L.P., for $43.50/share or about $3B (a 16% premium to...
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Robert W Baird Downgrades JCG To Neutral
Wednesday, November 24, 2010 - 8:36am | 43Analysts at Robert W Baird downgrade J Crew Group Inc (NYSE: JCG) from "outperform" to "neutral." JCG's shares gained 16.84% to close at $43.99 yesterday. More Analyst Ratings here
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Guess?, Inc. Issues Special Dividend
Wednesday, November 24, 2010 - 8:33am | 244Sterne Agee has published a research report on Guess?, Inc. (NYSE: GES) after the company reported strong 3Q results and has issued a special $2.00 dividend. In the report, Sterne Agee writes "GES reported Q3 EPS of $0.75 (vs. $0.69 LY), higher than our $0.58 estimate and the $0.59 FC consensus....
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J. Crew's 3Q Falls Short
Wednesday, November 24, 2010 - 8:01am | 176Goldman Sachs has published a research report on J. Crew Group (NYSE: JCG) after the company reported 3Q results that caused Goldman Sachs to lower 2010 year end estimates. In the report, Goldman Sachs writes "JCG delivered on bottom-line expectations for 3Q via SG&A reductions, but lowered its...
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US Stock Futures Up As Investors Await Economic Data
Wednesday, November 24, 2010 - 7:42am | 282US stock futures are higher, this morning as investors are awaiting economic data. Futures on the Dow Jones Industrial Average gained 28 points to 11,042.00, while S&P 500 futures moved up 4 points to 1,182.30. Nasdaq 100 futures rose 5 points to 2,124.00. US stocks closed lower yesterday, with...
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Edison Unit Signs Power Contracts - Analyst Blog
Tuesday, November 23, 2010 - 5:33pm | 580Electric utility Edison International (EIX) announced that its unit Southern California Edison (SCE) has signed 21 contracts to purchase nearly 259 megawatts (MW) of renewable power, which can light up 168,000 average homes. Out of these contracts, 20 are for electricity produced by solar...
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GUESS? Sees Q4 EPS of $1.02 to $1.06
Tuesday, November 23, 2010 - 5:22pm | 151Guess?, Inc.'s (NYSE: GES) expectations for the fourth quarter of fiscal 2011 ending January 29, 2011, are as follows: Consolidated net revenues are expected to range from $710 million to $730 million. Operating margin is expected to be around 19.5%. Diluted earnings per share are expected to be...
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Chico's FAS, Inc. Appoints Stephen E. Watson to Serve on its Board
Tuesday, November 23, 2010 - 5:17pm | 53Chico's FAS, Inc. (NYSE: CHS) today announced that it has appointed Stephen E. Watson to its Board of Directors, effective November 18, 2010, increasing the total number of Board seats to nine. Mr. Watson was also appointed to the Board's Audit Committee and Compensation and Benefits Committee.
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GUESS? Reports Q3 EPS of $.75
Tuesday, November 23, 2010 - 5:14pm | 111Guess?, Inc. (NYSE: GES) today reported financial results for the third quarter of its 2011 fiscal year, which ended October 30, 2010. Third quarter revenue increased 17% to a record of $614 million European revenue increased 40% in local currency and 28% in US dollars Asian revenue increased...
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GUESS? Declares Special Dividend of $2.00
Tuesday, November 23, 2010 - 5:12pm | 15GUESS?(NYSE: GES) declares special dividend of $2.00.
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Three Strategies for Bullish & Low IV Sentiment 11-23-2010
Tuesday, November 23, 2010 - 4:48pm | 956Cusick's Corner As I said yesterday, I want to breakdown some strategies that are worth looking at when you have a grasp of trend and volatility sentiment. Let's look at this example -- you are bullish (trend up) and feel that implied volatility is low. Strategically there are three strategies...
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3 Strong Movers Today (BWS, DY, EDZ)
Tuesday, November 23, 2010 - 2:50pm | 188Despite broader weakness in the markets today, there are a few issues that are performing strongly today, for a variety of reasons. Brown Shoe Co. Inc. (NYSE: BWS) is up 18% today today on the back of a strong earnings result this morning. The company also raised guidance for next year. At last...
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Bookkeeping: Buying Back this Morning's DSW (DSW) Exposure
Tuesday, November 23, 2010 - 2:38pm | 388This one worked out very quickly - after being up more than 3% this morning, DSW (DSW) is now down 2% so I made a quick 5% spread on the exposure I sold off. While still a bit extended and I'd rather buy at the 10 day moving average (at least) I will buy back what I sold this morning (+ a small...
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Citi Trends Misses, Sales Rise - Analyst Blog
Tuesday, November 23, 2010 - 2:30pm | 604Citi Trends Inc. (CTRN) recently reported sluggish fiscal 2010 third-quarter results. The company reported a net loss of $0.4 million compared with a net income of $0.6 million in the year-ago quarter. Loss per share came in at 3 cents versus earnings per share of 4 cents in the year-ago quarter...