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Sterne Agee Reiterates Buy and PT of $25 on the Finish Line
Monday, June 20, 2011 - 6:47am | 125Sterne Agee reiterated its Buy rating on the Finish Line (NASDAQ: FINL). At the same time, Sterne Agee left its price target on the company's stock unchanged at $25 after raising its earnings per share estimate for the next year. In a research report published today, Sterne Agee states, "We are...
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Jefferies PT Changes 6/20
Monday, June 20, 2011 - 6:20am | 168Jefferies & Company has changed the price targets on the following companies: Aeropostale (NYSE: ARO) Underperform, From $15.00 to $14.00 American Eagle Outfitters (NYSE: AEO) Hold, From $14.00 to $12.00 Ann Taylor (NYSE: ANN) Hold, From $27.00 to $26.00 Chico's FAS (NYSE: CHS) Hold, From...
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Sterne Agee Comments On Talbots Investor Meetings
Thursday, June 16, 2011 - 8:51am | 91According Sterne Agee, Talbots (NYSE: TLB) was at an investor meeting. Sterne Agee said that it hosted a lunch yesterday afternoon with TLB management including CEO Trudy Sullivan and CFO/COO Michael Scarpa. “They provided color on the merchandise misses in Q1 – namely that the knits and sweaters...
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Stocks To Watch For June 16
Thursday, June 16, 2011 - 12:55am | 278Some of the stocks that may grab investor focus today are: Wall Street expects Kroger Company (The) (NYSE: KR) to report its Q1 EPS at $0.64 on revenue of $26.48 billion. KR shares surged 2.75% to $23.58 in after-hours trading. Finisar Corp (NASDAQ: FNSR) issued downbeat projections for the first...
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Doug Ewert Becomes CEO of Men's Wearhouse
Wednesday, June 15, 2011 - 4:02pm | 65Men's Wearhouse (NYSE: MW) announced today at the Company's Annual Shareholder Meeting, that Douglas S. Ewert became president and chief executive officer, succeeding George Zimmer as chief executive officer. Also at the meeting, the Company's shareholders elected Ewert to the board of directors...
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Michael Massey Named Interim CEO and Scott Olivet Becomes Non-Executive Chairman of Collective Brands
Wednesday, June 15, 2011 - 4:00pm | 65Collective Brands, Inc. (NYSE: PSS) announced today that the Board of Directors and Matthew Rubel agreed that Mr. Rubel would resign as director, Chairman of the Board and an officer of the Company, effective immediately. Michael J. Massey has been named the interim Chief Executive Officer and D...
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Brian Sozzi Discusses Technical Analysis On Some Names
Wednesday, June 15, 2011 - 2:15pm | 264Brian Sozzi is out with a research note on some potential ideas, this time from a technical analysis, rather than a fundamental perspective. In the note Sozzi discusses Bebe (NASDAQ: BEBE), Kohl's (NYSE: KSS), Macy's (NYSE: M), Furniture Brands (NYSE: FBN), Buckle (NYSE: BKE), and Activision...
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Calls Purchased on The Children's Place Retail Stores
Wednesday, June 15, 2011 - 2:03pm | 127Shares of The Children's Place Retail Stores (NASDAQ: PLCE) are lower on the session by 2.04%, currently trading at $44.67. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day and 200-day moving average. Options traders are buying calls on the...
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Options Brief: Chico's FAS, Inc.
Wednesday, June 15, 2011 - 10:31am | 84Shares of Chico's FAS, Inc. (NYSE: CHS) are lower on the session by 0.28%, trading at $14.15. Overall put volume is now running at 5.39x the daily average, with 47% of all puts traded being purchases on the offer. 2,356 contracts have traded on the session so far. Chico's FAS, Inc. is a...
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Oppenheimer Reiterates Outperform and PT of 6.50 on New York & Company
Wednesday, June 15, 2011 - 7:12am | 129Oppenheimer reiterated its Outperform rating on New York & Company (NYSE: NWY). At the same time, Oppenheimer left its price target on the company's stock unchanged at $6.50 after a meeting with the company's management. In a research report published today, Oppenheimer states, "We're very...
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Bank Of America Previews Stock Vote For ANF
Tuesday, June 14, 2011 - 7:53am | 161Bank of America is maintaining its Buy rating and its $90 price target on Abercrombie & Fitch (NYSE: ANF) in its preview of the company's incentive vote, set to occur on Thursday. Says Bank of America, in its report, “Abercrombie will request approval of a new long-term incentive plan at the...
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Citi Provides Color on Abercrombie & Fitch, Buy
Tuesday, June 14, 2011 - 7:48am | 138Citi provided color on Abercrombie and Fitch (NYSE: ANF). In a research report published today, Citi states, "The quarter hinges on the back-to-school floorset in July but we're less convinced that ANF can improve its AUR to more fully offset higher costs. As a result, we are lowering our 2Q...
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Top 4 Mid-Cap Stocks In The Apparel Stores Industry With The Highest Revenue
Tuesday, June 14, 2011 - 1:19am | 124Below are the top mid-cap apparel stores stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Gap Inc (The) (NYSE: GPS) is $14.63 billion. GPS' PEG ratio is 1.44. The trailing-twelve-month revenue at Nordstrom Inc (NYSE: JWN) is $9.94 billion. JWN's ROE for...
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Huge Dividend Increases are a Sign of an Economic Turnaround
Monday, June 13, 2011 - 11:20pm | 480What better indication of a company's health than an increase in dividend. And if lots of companies raise their dividend across various sectors, it is a positive sign for the economy. If you own a high yield stock for the long term for its income, and the stock increases its dividend, then you...
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Stage Stores Announces 20% Increase in Quarterly Dividend Rate; Raises from $0.075/Share to $0.09/Share
Monday, June 13, 2011 - 3:49pm | 174Stage Stores, Inc. (NYSE: SSI) today announced that its Board of Directors has approved a 20% increase in the Company's quarterly dividend rate to 9 cents per share from the previous quarterly rate of 7.5 cents per share. The new quarterly rate of 9 cents per share will be applicable to dividends...