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Limited Brands Announces Special Dividend And Share Buyback (LTD)
Monday, March 15, 2010 - 5:50pm | 95After the market close, Limited Brands, Inc. (NYSE: LTD) announced that its Board of Directors has declared a special dividend of $1 per share and has authorized a $200 million share repurchase program. The special dividend will be paid on April 19, 2010 to shareholders of record on April 5, 2010...
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Citi Trends, Inc. (CTRN) Maintains Neutral Rating
Monday, March 15, 2010 - 9:49am | 189Analyst Patrick McKeever at MKM Partners has released an update on Citi Trends, Inc. (NASDAQ: CTRN). The company reported its fourth-quarter results on Friday. Citi Trends reported EPS of $0.78 in its fourth-quarter, a 13% increase from last year and $0.04 above MKM’s estimate. The earnings upside...
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Aeropostale Upgraded
Sunday, March 14, 2010 - 10:16pm | 100Piper Jaffray upgraded Aeropostale (NYSE: ARO) from underweight to neutral. With the retail sector still hurting from the recession Aeropostale is one of the few bright spots. With American Eagle (NYSE: AEO) and Abercrombie and Fitch (NYSE: ANF) Aeropostale has managed to steal market share. This...
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Aeropostale (ARO) Challenges Resistance
Friday, March 12, 2010 - 5:17pm | 1496Thursday night, apparel retailer Aeropostale (NYSE: ARO) announced earnings that topped analysts’ estimates by four cents per share, while revenue was in line. The company also lifted its guidance for the first quarter and for fiscal year 2011. Following this upside surprise, Piper Jaffray...
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Ann Taylor’s (ANN) Q4 Profit Beats Expectations; Weak Outlook
Friday, March 12, 2010 - 4:35pm | 109Ann Taylor Stores Corp. (NYSE: ANN) reported a net income of $41 million in Q4(nil per share), compared to a loss of $375.6 million ($6.66 per share), a year earlier. Adjusted net income was 5 cents per share beating analysts’ expectations of a loss of 1 cent per share. Net sales fell 3% to $469.1...
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Benzinga’s Volume Movers (ROVI, CVVT, KIRK, CTRN, ULTA)
Friday, March 12, 2010 - 3:03pm | 282Rovi Corporation (NASDAQ: ROVI) shares moved up 2.00% to $37.74. The volume of ROVI shares traded was 1021% higher than normal. ROVI has priced $400 million aggregate principal amount of 2.625% convertible senior notes due 2040. Read more about this company here. China Valves Technology Inc (...
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Ann Taylor Earnings Report (ANN)
Friday, March 12, 2010 - 2:34pm | 131Ann Taylor (NYSE: ANN) released their quarterly earnings numbers today before the opening bell. The retailer reported fourth quarter net income of $41,000 compared to a net loss of #375.61 million in last year's corresponding quarter. Excluding non-recurring charges, the company reported earnings...
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ARO Posts Healthy Q4 Results; 2010 Guidance Conservative
Friday, March 12, 2010 - 2:10pm | 159Analysts at Thomas Weisel Partners reiterate their "market weight" rating on Aeropostale Inc (NYSE: ARO), while reducing their estimates for the company. The target price for ARO has been raised from $26 to $28. ARO posted better than expected earnings and gross margins. “During the quarter, the...
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Benzinga’s Top Upgrades (CCO, NSM, LCUT, ULTI, ARO)
Friday, March 12, 2010 - 2:07pm | 253Clear Channel Outdoor Holdings Inc (NYSE: CCO) was upgraded by Wedbush Morgan from “neutral” to “outperform.” CCO’s shares gained 9.45% to $11.58. CCO’s shares have risen 1.83% so far this year. Read more about this company here. Bernstein upgraded National Semiconductor Corporation (NYSE: NSM)...
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MKM Partners Raises Aeropostale (ARO) Price Target From $35 to $41
Friday, March 12, 2010 - 11:30am | 164MKM Partners analyst Linda Tsai maintained her Buy rating for shares of Aeropostale Inc (NYSE: ARO) and raised the price target from $35 to $41. Tsai noted that Aeropostale reported earnings above consensus estimates and provided strong guidance for future results, which she thinks is actually a...
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Hot Topic Earnings Disappoint
Friday, March 12, 2010 - 10:58am | 154Tween retailer, Hot Topic (NASDAQ: HOTT), misses earnings last night when they reported an EPS of $0.18 on $214 million in revenue, but the stock is trading flat this morning as it appears that a miss was already built into the stock. The company also reported that same store comps would be in the...
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Company News for March 12, 2010 - Corporate Summary
Friday, March 12, 2010 - 9:52am | 179• Aeropostale (NYSE:ARO) posted fourth quarter earnings after the close, which were below Zacks estimates of $1 at 99 cents on a 16.1% rise in revenues to $801 million versus estimates of $794 million. The firm also announced a 3-for-2 stock split and an increase in fiscal first quarter guidance • ...
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Benzinga’s Top Pre-Market Losers (PSUN, ZUMZ, SWHC, CYTX)
Friday, March 12, 2010 - 9:45am | 281Pacific Sunwear of California, Inc. (NASDAQ: PSUN) decreased 13.22% to $4.99 in the pre-market session. Pacific Sunwear of California announced yesterday that for first quarter of 2010, it expects to report a GAAP net loss per share of $(0.50)-$(0.60). The 52-week trading range for PSUN is $1.12...
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AnnTaylor Posts Profit (ANN)
Friday, March 12, 2010 - 9:26am | 121Women's clothing retailer AnnTaylor (NYSE: ANN) posted a fourth quarter profit that topped Wall Street estimates while revenues came in lighter than expected. The company posted earnings of $0.05 per share, $0.06 better than consensus estimates which expected a loss of $0.01 per share. In the...
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Top 5 Stocks For March 12, 2010 (ANN, KIRK, ACMR, FNM, GEOY)
Friday, March 12, 2010 - 7:05am | 209Ann Taylor (NYSE: ANN) is expected to post a loss of $0.02 per share for the latest quarter when the business woman's favorite clothier reports its results before the market opens. ANN gains 0.26% to $19.50 in the after hours session. Kirkland's Inc (NASDAQ: KIRK) had forecasted its earnings for...