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UPDATE: Children's Place Reports Q2 Net Loss of $9.8M
Thursday, August 18, 2011 - 6:35am | 120Children's Place Retail Stores Inc (NASDAQ: PLCE) released its results for the fiscal second-quarter on Thursday. Children's Place reported a quarterly net loss at $9.8 million, or $0.38 per share, versus a loss of $8.2 million, or $0.30 per share, in the year-ago period. The retailer's revenue...
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Goldman Sachs Raises PT On Abercrombie & Fitch To $90
Thursday, August 18, 2011 - 6:32am | 27Goldman Sachs has raised the price target on Abercrombie & Fitch (NYSE: ANF) from $88 to $90 and maintains its Buy rating.
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Piper Jaffray Raises PT on Hot Topic To $8
Thursday, August 18, 2011 - 6:19am | 27Piper Jaffray has raised the price target on Hot Topic (NASDAQ: HOTT) from $7.50 to $8 and maintains its Neutral rating.
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US Stock Futures Down Ahead Of Economic Data
Thursday, August 18, 2011 - 6:18am | 435US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 177 points to 11,204.00 and S&P 500 index futures fell 21.90 points to 1,168.00. Nasdaq 100 futures dropped 44.00 points to 2,131.25. US stocks closed mixed on...
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Piper Jaffray Lowers PT On Citi Trends To $10
Thursday, August 18, 2011 - 6:14am | 27Piper Jaffray has lowered the price target on Citi Trends (NASDAQ: CTRN) from $12 to $10 and maintains its Underweight rating.
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Piper Jaffray Raises PT On Limited Brands To $46
Thursday, August 18, 2011 - 6:13am | 27Piper Jaffray has raised the price target on Limited brands (NYSE: LTD) from $45 to $46 and maintains its Overweight rating.
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Earnings Scheduled For August 18
Thursday, August 18, 2011 - 4:17am | 594Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...
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Limited Brands Pops on Q2 Earnings Results
Wednesday, August 17, 2011 - 4:42pm | 165Shares of Limited Brands (NYSE: LTD) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 3.64%, trading at $35.59; they ended the regular session lower by 1.41%, at $34.34. Limited Brands reported Q2 EPS of $0.48 on...
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Abercrombie & Fitch Offers To Pay "The Situation" Not To Wear Its Clothes!
Wednesday, August 17, 2011 - 2:42pm | 356On Tuesday, Abercrombie & Fitch (NYSE: ANF) said that it would pay Mike "The Situation" Sorrentino along with his Jersey Shore castmates if he would stop wearing their brand. ABC News snarkily points out that this is the same company who markets thong underwear to pre-teen girls and padded...
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Notable Call Options Activity in Aeropostale
Wednesday, August 17, 2011 - 1:37pm | 98Shares of Aeropostale (NYSE: ARO) are lower on the session by 0.40%, currently trading at $12.45. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the August 2011 $13...
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UPDATE: ANF Dissociates Brand From Antics of Jersey Shore
Wednesday, August 17, 2011 - 9:58am | 156International Strategy & Investment Group has published a research report on Abercrombie & Fitch (NYSE: ANF) after the clothing retailer attempted to dissociate its brand from a delusional cast member of "Jersey Shore." In the report, International Strategy & Investment Group wrote, "...
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Pre-Market Gainers; Eastman Kodak up on Bloomberg Article
Wednesday, August 17, 2011 - 9:24am | 117Eastman Kodak (NYSE: EK) +14.95% following a Bloomberg article discussing the value of company's patents. Approach Resources (NASDAQ: AREX) +14.14% Clearwire (NASDAQ: CLWR) +8.74% Staples (NASDAQ: SPLS) +8.30% on better than expected Q2 earnings and Q3 guidance. Chico's (NYSE: CHS) +5.08% on...
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Earnings Roundup
Wednesday, August 17, 2011 - 9:11am | 1175Staples Inc (NASDAQ: SPLS) reported a 36% rise in its fiscal second-quarter profit. Staples' quarterly profit surged to $176.4 million, or $0.25 per share, from $129.8 million, or $0.18 per share, in the year-ago period. Its sales climbed 5.2% to $5.82 billion. Excluding a $21 million tax refund,...
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Wedbush Maintains Neutral on Men's Wearhouse
Wednesday, August 17, 2011 - 9:05am | 125Wedbush is out with its report today on Men's Wearhouse (NYSE: MW), maintaining Neutral. In its report, Wedbush writes, "We hosted a small group lunch with CEO Doug Ewert in San Francisco. Based on our Q2 checks, we anticipate potential Q2 upside to our/consensus forecasts. Looking into the...
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UPDATE: Citi Trends Reports Wider-Than-Expected Q2 Loss
Wednesday, August 17, 2011 - 8:58am | 83Citi Trends Inc (NASDAQ: CTRN) reported a wider-than-expected loss in its fiscal second-quarter. Citi Trends reported a quarterly net loss at $10 million, or $0.69 per share, versus a loss of $567,000, or $0.04 per share, in the year-ago period. Its revenue climbed 0.9% y/y to $130.2 million from...