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Urban Outfitters, Inc. (URBN) Maintains A Strong Buy Rating; Price Target Raised
Friday, March 5, 2010 - 11:41pm | 103Analysts Christine Chen and Paula Torch at Needham have maintained a Strong Buy rating for Urban Outfitters, Inc. (NASDAQ: URBN). Analysts have raised the price target for the Urban Outfitters, Inc, stock from $39 to $45. The price target has been raised after the company reported strong results...
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ITT Nabs U.S. Military Order - Analyst Blog
Friday, March 5, 2010 - 3:34pm | 472ITT Corporation (ITT) has been awarded a contract to provide maintenance, supply and transportation services to the U.S. Army and U.S. Marine Corps on Camp Arifjan and other locations in Southwest Asia. The award is a task order under the Field Installation Readiness Support Team (FIRST) contract...
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Standpoint Downgrades Abercrombie & Fitch (ANF)
Friday, March 5, 2010 - 3:13pm | 109Standpoint Research downgraded shares of Abercrombie & Fitch (NYSE: ANF) from a Buy to a Hold today. Yesterday, the company's stock jumped 15% on better than expected retail numbers. According to Standpoint analyst, Ronnie Moas, much of this move was due to short covering and not new investors...
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Benzinga’s Top Downgrades (ANF, SATC, PACW, ZEP, SAFM)
Friday, March 5, 2010 - 2:57pm | 196Abercrombie & Fitch Co (NYSE: ANF) was downgraded by RBC Capital Markets from “outperform” to “sector perform.” ANF’s shares gained 1.45% to $42.12 at 12:53 pm. Abercrombie & Fitch’s shares have added 102.64% over the past 52 weeks. Ardour Capital downgraded Satcon Technology Corporation...
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FBR Capital Markets Maintains Footlocker (FL) Market Perform Rating
Friday, March 5, 2010 - 10:35am | 174FBR Capital Markets analysts Eric Tracy and Kelly Duval maintained their Market Perform rating and $14 price target for shares of Footlocker Inc. (NYSE: FL). The FBR Capital Markets analysts expressed concern about Footlocker's long term ability to compete against many retailers in the same market...
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Stock Market News for March 5, 2010 - Market News
Friday, March 5, 2010 - 10:21am | 392Investors welcomed better-than-anticipated retail sales numbers and sent stocks higher at the end of a volatile session, but caution prevailed ahead of the government's monthly employment report. A slew of encouraging economic reports also helped investors’ risk appetites. The Dow Jones industrial...
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Top 5 NASDAQ Stocks In The Apparel Stores Industry With The Highest Cash (ROST, URBN, DBRN, BEBE, CHRS)
Friday, March 5, 2010 - 10:03am | 188Below are the top five apparel store stocks on the NASDAQ in terms of total cash. Ross Stores Inc (NASDAQ: ROST) had $577.1 million of total cash in the most recent quarter. ROST had total debt of $150.00 million in the same period. Urban Outfitters Inc (NASDAQ: URBN) had $418.4 million of total...
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Benzinga’s Top Pre-Market Gainers (ITMN, CWTR, DMND, CPBY)
Friday, March 5, 2010 - 9:15am | 271InterMune, Inc. (NASDAQ: ITMN) rose 66.53% to $24.02 in the pre-market session. InterMune announced today that the U.S. Food and Drug Administration has posted briefing documents for the March 9 Pulmonary-Allergy Drugs Advisory Committee meeting to review the New Drug Application for pirfenidone,...
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Top 5 NASDAQ Stocks In The Apparel Stores Industry With The Lowest PEG Ratio (SMRT, ROST, JOSB, GYMB, SCVL)
Friday, March 5, 2010 - 8:44am | 150Below are the top five apparel stores stocks on the NASDAQ in terms of PEG ratio. Stein Mart Inc (NASDAQ: SMRT) has a PEG ratio of 0.86. SMRT’s trailing-twelve-month revenues stand at $1.24 billion. Ross Stores Inc (NASDAQ: ROST) has a PEG ratio of 0.94. ROST’s trailing-twelve-month revenues are $6...
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Barclays Capital Upgrades Coldwater Creek (CWTR) To Overweight
Friday, March 5, 2010 - 8:25am | 69Shares of Coldwater Creek Inc. (NASDAQ: CWTR) were upgraded by Barclays Capital from Equal Weight to Overweight and the price target raised from $5 to $10. Shares of Coldwater Creek Inc. surged yesterday, after the women's apparel retailer reported same-store sales climbed 8.9% compared to a year...
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Benzinga’s Volume Movers (TIVO, ZUMZ, PETM, SXCI, MIDD)
Thursday, March 4, 2010 - 3:00pm | 273TiVo Inc (NASDAQ: TIVO) shares soared 48.48% to $15.16. The volume of TIVO shares traded was 2,452% higher than normal. TIVO is going to offer a new set-top box, TiVo Premiere, which is more slender than the previous hardware. Read more about this company here. Zumiez Inc (NASDAQ: ZUMZ) shares...
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Markets Hover Flat As Scary Pattern Looms. (NYSE:ANF), (NYSE:FDO), (NYSE:WMT), (NYSE:SPY)
Thursday, March 4, 2010 - 2:16pm | 392The markets initially rallied today on the back of great retail sales numbers and an announcement that Wal-Mart Stores, Inc. (NYSE: WMT) raised its dividend. Stocks like Abercrombie & Fitch Co. (NYSE: ANF), Family Dollar Stores, Inc. (NYSE: FDO) are soaring today as sales numbers, expected to...
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Benzinga’s Top Upgrades (ZUMZ, KO, OVTI, MDP, BBT)
Thursday, March 4, 2010 - 2:13pm | 258Zumiez Inc (NASDAQ: ZUMZ) was upgraded by Wedbush Morgan from “neutral” to “outperform.” ZUMZ’s shares gained 14.87% to $18.39 at 11:05 a.m. ZUMZ’s shares have moved up 25.86% year to date. Read more about this company here. UBS upgraded Coca-Cola Company (NYSE: KO) from “neutral” to “buy.” KO’s...
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Urban Outfitters Reports Robust Earnings (URBN)
Thursday, March 4, 2010 - 2:04pm | 95Urban Outfitters (NASDAQ: URBN) reported their quarterly earnings prior to the opening bell today. The company's fourth quarter net income came in at $77.68 million or $0.45 per share, compared to $40.55 million or $0.24 per share in the year ago period. Consensus analysts' EPS estimates were...
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Potential Volume Plays For March 4, 2010 (WTSLA, DIVX, CNAM, CWTR)
Thursday, March 4, 2010 - 1:19pm | 280Stocks that may trade at above-average volumes today are: Wet Seal (NASDAQ: WTSLA) shares have added 4.14% to $4.28, after the retailer announced a 4.7% increase in same-store sales in February. This compared to the consensus estimates of a 2.9% decline. While more than 6 million WTSLA shares have...