-
Wet Seal Sales Dip, Affirms Outlook - Analyst Blog
Thursday, August 12, 2010 - 8:41am | 848Wet Seal Inc. (WTSLA) has re-entered negative territory, with the leading specialty retailer reporting negative same-store sales of 4.3% for the four-week period ended July 31, 2010. The company had suffered a same-store sales decline of 12.1% in the comparable year-ago period. Net sales in July...
-
Deeper Loss for Raser, Misses Ests - Analyst Blog
Wednesday, August 11, 2010 - 7:14pm | 466Energy technology company Raser Technologies Inc. (RZ) announced its second-quarter 2010 operating loss of 72 cents per share, much higher than the Zacks Consensus Estimate operating loss of 11 cents per share. The results of the company were worse than the year-ago loss of 6 cents per share. Total...
-
US Stocks Are Having A Free Fall; Financial, Tech, Retail Most Affected
Wednesday, August 11, 2010 - 2:59pm | 306The US market is seeing a sharp fall, with the tech, financial and retail sectors losing their battle to stay afloat primarily as a result of the stance taken by the Fed on the US economy. By 2:32 pm, the Dow has plunged 229.85 points to 10,414.40, the Nasdaq slipped 63.92 and S&P 500 lost 28....
-
July Sales Up for TJX - Analyst Blog
Wednesday, August 11, 2010 - 9:17am | 789The TJX Companies Inc. (TJX) reported same store sales of 2% for the four week period ended July 31, 2010. This affirms the company’s positive comparable store sales growth momentum so far. Sales in the same period upped 6% to $1.5 billion from $1.4 billion in the four-week period ended August 1,...
-
Zacks Analyst Blog Highlights: TJX Companies, Target, Kohl's Corp., Macy's and McDonald - Press Releases
Wednesday, August 11, 2010 - 7:04am | 1636For Immediate Release Chicago, IL – August 11, 2010 – Zacks.com Analyst Blog features: TJX Companies Inc. (TJX), Target Corp. (TGT), Kohl's Corp. (KSS) Macy's Inc. (M) and McDonald's Corp. (MCD ). Here are highlights from Tuesday’s Analyst Blog: July Sales Up for TJX Companies The TJX Companies...
-
Citi Trends Enters Oversold Territory - Tale of the Tape
Tuesday, August 10, 2010 - 1:07pm | 112Citi Trends Inc.’s (CTRN) share price has entered into oversold territory with a stochastic value of 12.92. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2011 moved up 20 cents over the past 3 months to $1.84 per share. Citi Trends is a Zacks #2 Rank (“Buy”)...
-
Zacks Analyst Blog Highlights: Abercrombie & Fitch, Gap, Macy, American Eagle Outfitters and J.C. Penney - Press Releases
Monday, August 9, 2010 - 5:53pm | 1529For Immediate Release Chicago, IL – August 09, 2010 – Zacks.com Analyst Blog features: Abercrombie & Fitch Co. (ANF), Gap Inc. (GPS), Macy Inc. (M) American Eagle Outfitters Inc. (AEO) and J.C. Penney Co. (JCP ). Here are highlights from Friday’s Analyst Blog: Retailers’ July Sales Sluggish...
-
Finish Line Enters Oversold Territory - Tale of the Tape
Monday, August 9, 2010 - 12:51pm | 112The Finish Line Inc.’s (FINL) share price has entered into oversold territory with a stochastic value of 13.03. The Zacks Consensus Estimate on the company’s earnings for the ending February 2011 increased 16 cents over the past 2 months to $1.27 per share. The Finish Line is a Zacks #2 Rank (“Buy...
-
Employment Report In-Depth - Analyst Blog
Friday, August 6, 2010 - 5:05pm | 4154In July, the unemployment rate remained unchanged at 9.5% even though the economy lost a total of 131,000 jobs. The unemployment rate a year ago was at 9.4%. However, the private sector added 71,000 jobs. The big reason for the overall loss of jobs was that 143,000 temporary census workers...
-
Bookkeeping: Short Whirlpool (WHR), Global Payments (GPN), Gentiva Health Services (GTIV), Covering TNA
Friday, August 6, 2010 - 3:01pm | 981It could go either way in the intermediate term so without a clear signal I am going to add a few more hedges to the short side. It looks like that 1106.44 gap won't fill today unless we get our patented HFT bum rush in the last 10-20 minutes, so I am going to cover my TNA. I made a quick 3.5%...
-
Piper Jaffray Overweight On Zumiez (ZUMZ)
Friday, August 6, 2010 - 12:42pm | 127Piper Jaffray is upping its 2012 earning estimates on shares of Zumiez (NASDAQ: ZUMZ) and keeping its $22 price target and Overweight rating after the clothing company reported strong July same store sales. In the report Piper Jaffray notes, "We are updating our FY11 and FY12 ests to incorporate...
-
Piper Jaffray Lowers Price Target for Aeropostal (ARO)
Friday, August 6, 2010 - 11:48am | 136Piper Jaffray analysts maintained a Neutral rating for Aeropostale (NYSE: ARO). They lowered FY11E EPS to $2.77 from $2.86 and lowered its price target to $30/share based on a 10x FY12E EPS of $3.00. Aeropostale sells clothing targeted towards teenagers. Piper Jaffray analysts said, "We are...
-
Wells Fargo Lowers Estimates On Aeropostale And American Eagle (ARO, AEO)
Friday, August 6, 2010 - 10:20am | 72In a quick note this morning, analysts at Wells Fargo Securities said that they are "lowering estimates across the board," on American Eagle (NYSE: AEO) and Aeropostale (NYSE: AEO). Their valuation range for AEO is $12-$14. For ARO it is $25-$27. During Friday's trading session, AEO shares have...
-
Top 4 Mid-Cap Stocks In The Apparel Stores Industry With The Highest Dividend Yield (FL, AEO, LTD, JWN)
Friday, August 6, 2010 - 5:32am | 124Below are the top mid-cap apparel stores stocks on the NYSE and the NASDAQ in terms of dividend yield. Footlocker Inc (NYSE: FL) has a dividend yield of 4.40%. FL’s shares closed at $13.39 yesterday. American Eagle Outfitters Inc (NYSE: AEO) has a dividend yield of 3.50%. AEO’s shares closed at $12...
-
Company News for August 5, 2010 - Corporate Summary
Thursday, August 5, 2010 - 2:44pm | 552• Viacom (NYSE:VIA.B) posted second quarter earnings of 68 cents, three cents above Zacks estimates, on a 0.1% revenue gain to $3.30 billion, off estimates of $3.43 billion • Foster Wheeler (NASDAQ: FWLT) missed Zacks estimates by 3 cents with second quarter earnings of 48 cents, as revenues...