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UPDATE: Wedbush Color on Men's Warehouse PT Increase
Thursday, June 9, 2011 - 7:44am | 127Wedbush, which raised its PT on shares of Men's Warehouse (NYSE: MW), is providing some color on the stock. “MW reported Q1 OpEPS of $0.53 (excluding ~$0.7M in one-time costs) vs. $0.26 LY, above our $0.50 estimate and management's $0.47-0.50 raised guidance driven by strong replenishment demand...
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Wedbush Lowers PT On Urban Outfitters To $33
Thursday, June 9, 2011 - 6:39am | 27Wedbush Securities has lowered the price target on Urban Outfitters (NASDAQ: URBN) from $35 to $33 and maintains its Neutral rating.
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Wedbush Raises PT On Men's Warehouse To $34
Thursday, June 9, 2011 - 6:39am | 27Wedbush Securities has raised the price target on Men's Warehouse (NYSE: MW) from $33 to $34 and maintains its Neutral rating.
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US Stock Futures Up As Investors Await Trade, Jobless Claims Data
Thursday, June 9, 2011 - 6:19am | 517US stock futures are higher this morning, as investors are awaiting trade and jobless claims data. Futures on the Dow Jones Industrial Average gained 28 points to 12,058.00 and futures on the S&P 500 stock index rose 3.70 points to 1,280.70. Nasdaq 100 futures surged 5.00 points to 2,253.00....
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Stocks To Watch For June 9
Thursday, June 9, 2011 - 12:30am | 302Some of the stocks that may grab investor focus today are: Wall Street expects National Semiconductor Corporation (NYSE: NSM) to report its FQ4 EPS at $0.27 on revenue of $365.14 million. NSM shares dropped 0.08% to $24.57 in after-hours trading. Men's Wearhouse Inc (NYSE: MW) reported a two-fold...
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Why Hasn't VIX Moved? Here's My Response 06-08-2011
Wednesday, June 8, 2011 - 6:31pm | 879Cusick's Corner The shorts are in control but traders are still preparing for at least one session run up. If the market does muster some sort of upside stance, while I would not be surprised, I would only use this as an opportunity in the short-term to mend long fences or look at some potential...
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The Men's Wearhouse Reports Q1 Results
Wednesday, June 8, 2011 - 4:51pm | 142Shares of The Men's Wearhouse (NYSE: MW) are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently MW is higher by 0.46%, at $30.25; shares ended the regular session lower by 2.27%, at $30.11. The Men's Wearhouse reported Q1 EPS of $0.53 on...
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Men's Wearhouse Ticking Higher In After-Hours On Earnings Beat
Wednesday, June 8, 2011 - 4:14pm | 102Shares of Men's Warehouse (NYSE: MW) are ticking higher in after-hours trading after the company reported better than expected earnings, and guided next quarter and 2012 full year earnings guidance above Wall Street estimates. The men's clothing company reported earnings of 53 cents per share on...
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Consumer Services Stocks Getting Crushed
Wednesday, June 8, 2011 - 2:18pm | 222The Consumer Services Sector is putting in 0.4% loss today. The biggest losing stocks in the sector are: 1) Abercrombie & Fitch (NYSE: ANF): Currently trading down 5% from yesterday's close to $66.37. The stock has lost 14.4% since setting a 52-week high of $77.65 on May 31st. Shares broke...
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Brian Sozzi Breaks Down Abercrombie's Breakdown
Wednesday, June 8, 2011 - 12:58pm | 268Brian Sozzi of Wall Street Strategies is out a research note on Abercrombie & Fitch (NYSE: ANF) after the company's CFO made some startling comments this morning, saying Q2 was likely to be worse than the first quarter. In the note, Sozzi says, "Abercrombie & Fitch (ANF) management played...
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Calls Purchased on Collective Brands, Inc.
Wednesday, June 8, 2011 - 12:54pm | 128Shares of Collective Brands, Inc. (NYSE: PSS) are lower on the session by 2.18%, currently trading at $13.49. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short...
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Abercrombie & Fitch Dropping 3% On Q2 Results
Wednesday, June 8, 2011 - 9:32am | 42Abercrombie & Fitch Co. (NYSE: ANF) shares are down nearly 3% this morning after the company CFO said Q results "won't be good." At last check, shares of Abercrombie & Fitch were off $1.79 to $68.11, a loss of 2.5%.
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UPDATE: Oppenheimer Lowers PT on The Talbots to $4
Wednesday, June 8, 2011 - 8:30am | 92Oppenheimer is out with its report today on The Talbots (NYSE: TLB), lowering its PT from $11 to $4. In a note to clients, Oppenheimer writes, "Reducing PT to $4 from $11. PT assumes 8x EV/EBITDA, a 50% discount to historical average. Peer group trading at a 30% discount. Believe this multiple is...
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Goldman Sachs Discusses The Children's Place After Analyst Day
Wednesday, June 8, 2011 - 7:35am | 175Goldman Sachs is out with a research note on The Children's Place Retail Stores, Inc. (NASDAQ: PLCE) after the company hosted an analyst day yesterday. It has a Buy rating and a $60 price target on shares. In a note to clients, Goldman writes, "On the product side, PLCE has several key...
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Oppenheimer Lowers PT On Talbots To $4
Wednesday, June 8, 2011 - 7:30am | 25Oppenheimer has lowered the price target on Talbots (NYSE: TLB) from $11 to $4 and maintains its Outperform rating.