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Sterne Agee Releases JOSB 4Q Preview
Wednesday, March 23, 2011 - 9:41am | 109Sterne Agee has reported on Jos. A. Bank Clothiers, Inc.'s (NASDAQ: JOSB) fourth quarter preview. According to Sterne Agee, "JOSB is likely to release its 10-K no later than next Wednesday, March 30, with a conference call to follow (no date as yet set). Our Q4 estimate is $1.41 against $1.28 (or...
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Morgan Stanley Comments On Limited Brands After Debt Offering, Share Repurchase
Wednesday, March 23, 2011 - 7:48am | 190Citi is comfortable with management of Limited Brands (NYSE: LTD) decision to add $1 billion debt to the B/S to repurchase stock, particularly as net debt/EBITDAR is below LTD's 5-year average of 3.1x and below retail peers at 2.8-3x. LTD has returned nearly $10 billion to shareholders since 2000,...
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Jefferies Lowers PT On Urban Outfitters To $31
Wednesday, March 23, 2011 - 7:39am | 27Jefferies & Company has lowered the price target on Urban Outfitters (NASDAQ: URBN) from $33 to $31 and maintains its Hold rating.
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UPDATE: Wall Street Strategies Lowers PT on Guess? to $48 (GES)
Wednesday, March 23, 2011 - 7:39am | 114Wall Street Strategies is out with its report on Guess? (NYSE: GES), lowering its PT from $52 to $48. In a note to clients, Wall Street Strategies writes, "The stock is trading at a mere 9.7x our FY12 estimate of $3.90 per share, a valuation we feel accounts for the downside risk to consensus as a...
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Limited Brands Increases Senior Note Offering $250M (LTD)
Tuesday, March 22, 2011 - 4:20pm | 25Limited Brands (NYSE: LTD) announced today an increase to its Senior Note Offering from $750M to $1B.
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Limited Brands Increases Size to $1 Billion and Prices Senior Notes Offering At 6.625%
Tuesday, March 22, 2011 - 4:19pm | 34Limited Brands, Inc. (NYSE: LTD) announced today that it has increased its previously announced offering of $750 million aggregate principal amount of senior notes due 2021 to $1 billion.
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Options Brief: The Finish Line, Inc. (FINL)
Tuesday, March 22, 2011 - 10:39am | 80Shares of The Finish Line, Inc. (NASDAQ: FINL) are higher on the session by 0.34%, trading at $17.64. Overall put volume is now running at 13.25x the daily average, with 0% of all puts traded being purchases on the offer. 1,722 contracts have traded on the session so far. The Finish Line, Inc....
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Limited Brands Announces Proposed $750M Offering of Senior Notes; Authorizes $500M Share Repurchase Program
Tuesday, March 22, 2011 - 9:18am | 84Limited Brands, Inc. (NYSE: LTD) announced today that it is offering to sell $750 million aggregate principal amount of senior notes due 2021 in a public offering underwritten by Merrill Lynch, Pierce Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as...
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J.P. Morgan Lowering EPS Estimates And Price Target On Urban Outfitters
Tuesday, March 22, 2011 - 8:08am | 175In a report published by J.P. Morgan, it is lowering its EPS estimates and price target on Urban Outfitters (NASDAQ: URBN). J.P. Morgan said that in the near term, it thinks URBN shares will continue to be in the penalty box, as lack of fashion clarity pressures retail comps, the company is making...
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Goldman Sachs Neutral On Urban Outfitters (URBN)
Tuesday, March 22, 2011 - 7:44am | 143Goldman Sachs Neutral On Urban Outfitters (URBN) Goldman Sachs has a Neutral rating and a $36 price target on shares of Urban Outfitters Inc. (NASDAQ: URBN). In a note to investors, Goldman writes, "Overall, we came away feeling comfortable with the long-term health of the brands in the US, and...
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Sterne Agee Maintains Buy on Talbots (TLB)
Tuesday, March 22, 2011 - 7:31am | 98Sterne Agee Maintains Buy on Talbots (TLB) Sterne Agee is out with its report today on Talbots (NYSE: TLB), maintaining Buy. In a note to clients, Sterne Agee writes, "Our Buy rating is maintained as we note the low valuation on TLB but the stock may continue to be a 'show me' stock until its top...
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Wedbush Has Outperform Rating On Finish Line (FINL)
Tuesday, March 22, 2011 - 7:18am | 150Wedbush Has Outperform Rating On Finish Line (FINL) Wedbush has an Outperform rating and a $23 price target on shares of Finish Line (NASDAQ: FINL). In a note to clients, Wedbush writes, "We are raising our EPS estimate to 66¢ from 63¢ based on a comp assumption of 3.5% (up from 2%) and gross...
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JP Morgan Lowers PT On Urban Outfitters (NASDAQ: URBN) From $38 to $36 And Maintains Its Overweight Rating
Tuesday, March 22, 2011 - 7:08am | 24JP Morgan Lowers PT On Urban Outfitters (NASDAQ: URBN) From $38 to $36 And Maintains Its Overweight Rating
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Stocks To Watch For March 22 (ADBE, DFS, HOTT, WAG, DG)
Tuesday, March 22, 2011 - 12:41am | 201Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Incorporated (NASDAQ: ADBE) to report its Q1 EPS at $0.57 on revenue of $1.03 billion. ADBE shares fell 0.09% to $32.31 in after-hours trading. Analysts are expecting Discover Financial Services (NYSE:...
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Hot Topic, Inc. Announces Chief Executive Officer Transition
Monday, March 21, 2011 - 5:00pm | 77Hot Topic, Inc. (Nasdaq: HOTT) announced today that Betsy McLaughlin has resigned as its Chief Executive Officer and a member of the company's board of directors, effective as of March 21, 2011, and that Lisa Harper, currently a member of the company's board of directors, has been appointed as...