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Calls Purchased on Foot Locker, Inc. (FL)
Friday, April 8, 2011 - 1:06pm | 140Shares of Foot Locker, Inc. (NYSE: FL) are higher on the session by 0.53%, currently trading at $20.74. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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AnnTaylor Stores Hits 52-Week High (ANN)
Friday, April 8, 2011 - 10:50am | 33AnnTaylor Stores (NYSE: ANN) has hit a 52-week high in today's trading. At last check the year-to-date performance of AnnTaylor has been a gain of 11%.
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Citadel Raising Stake In AnnTaylor Stores (ANN)
Friday, April 8, 2011 - 9:16am | 73Citadel Investment Group and Ken Griffin have disclosed they have raised their stake in AnnTaylor Stores Corp. (NYSE: ANN) to 5.7%, up from 2.7% at the end of the fourth quarter. Shares of AnnTaylor Stores closed at $29.88 yesterday, and are rising in pre-market trading, to over $30 a share. ANN...
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Wedbush Maintains Underperform on bebe stores (BEBE)
Friday, April 8, 2011 - 8:42am | 139Wedbush is out with its report today on bebe stores (NASDAQ: BEBE), maintaining Underperform. In a note to clients, Wedbush writes, "Despite BTE Q3 comps, we remain concerned with slight sales shortfall, continued traffic declines, and inventories significantly above current sales rate (Q3...
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J.P. Morgan Raises ROST Target From $68 To $72
Friday, April 8, 2011 - 8:19am | 30J.P. Morgan is raising its PT on shares of Ross Stores Inc. (NASDAQ: ROST) from $68 to $72. Ross Stores closed Thursday at $70.90.
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Wedbush Reduces F11 EPS Estimate On GPS
Friday, April 8, 2011 - 8:15am | 42Wedbush is reducing its Gap Inc. (NYSE: GPS) F11 EPS from $1.95 to $1.90, which “reflects a +0% comp from +1% prior and lower operating margin yoy due to expectations for continued sales challenges.” Gap closed Thursday at $22.72.
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Citi Examines GPS, LTD March 2011 Sales
Friday, April 8, 2011 - 8:12am | 126In its review of March 2011 sales, Citi is commenting on Gap Inc. (NYSE: GPS), which it believes is the big story of the day. “The company announced a surprise move to lever up to buy back shares; we also learned that Japan is a much more robust market for GPS than we had thought,” Citi writes. “...
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Piper Jaffray Raises PT, Maintains Rating On Ross Stores Inc.
Friday, April 8, 2011 - 8:10am | 88Piper Jaffray maintains its Neutral rating on Ross Stores Inc. (NASDAQ: ROST) and has raised its PT from $66 to $67 based upon revised earnings expectations for the first quarter, released by the stores management Thursday. Says Piper Jaffray, “The business continues to be driven by strong results...
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Benzinga's Top Downgrades (MASI, BKE, TGT, COST)
Friday, April 8, 2011 - 8:10am | 132Masimo Corporation (NASDAQ: MASI) was downgraded by BMO Capital from "outperform" to "market perform." MASI's shares closed at $34.11 yesterday. Masimo's trailing-twelve-month revenue is $405.41 million. KeyBanc downgraded Buckle Inc (The) (NYSE: BKE) from “buy” to “hold.” BKE's stock closed at $...
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Morgan Stanley Reports Gap's Share Repurchases Offset Weak Fundamentals
Friday, April 8, 2011 - 7:59am | 117According to Morgan Stanley, Gap (NYSE: GPS) share repurchases offset weak fundamentals. Morgan Stanley reported that GPS operates an increasingly flexible economic model and can pull levers to hit EPS goals when missing sales targets. “When firing on many cylinders (not even all), we believe...
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J.P. Morgan Maintains Overweight on Urban Outfitters (URBN)
Friday, April 8, 2011 - 7:20am | 91J.P. Morgan is out with its report today on Urban Outfitters (NASDAQ: URBN), maintaining Overweight. In a note to clients, J.P. Morgan writes, "With differentiated concepts in an eclectic store environment, we continue to view URBN as a best-in-class retailer with a rare opportunity to more than...
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Top 4 Mid-Cap Stocks In The Apparel Stores Industry With The Highest Dividend Yield (FL, RUK, BKE, GES)
Friday, April 8, 2011 - 12:27am | 120Below 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 3.30%. FL's shares closed at $20.63 yesterday. American Eagle Outfitters Inc (NYSE: AEO) has a dividend yield of 2.80%. AEO's shares closed at $...
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Fast Money Picks For April 8th (TCK, TBT, PLCE, HBC)
Thursday, April 7, 2011 - 7:59pm | 210On CNBC's Fast Money, Joe Terranova recommended a long position in Teck Resources Limited (NYSE: TCK). He likes copper and coal. Teck Resources Limited (TCK) fell 1.64% in the regular trading session, and it added 1.53% in the after hours. Brian Kelly thinks that the bailout of Portugal is...
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Today's Action Had Some Buying on the Dips 04-07-2011
Thursday, April 7, 2011 - 6:55pm | 961Cusick's Corner The news today that Japan experienced yet another earthquake spooked the market, triggering selling. There were initial reports that their nuclear facilities did not suffer any damage so the sell-off did not last long and there was buying on the dips, which helped the markets trade...
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Calls Purchased on The Wet Seal (WTSLA)
Thursday, April 7, 2011 - 11:34am | 145Shares of The Wet Seal (NASDAQ: WTSLA) are higher on the session by 4.57%, currently trading at $4.58. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...