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Options Brief: Cabela's Incorporated (CAB)
Thursday, February 17, 2011 - 11:33am | 89Shares of Cabela's Incorporated (NYSE: CAB) are higher on the session by 11.60%, trading at $31.27. Overall call volume is now running at 6.48x the daily average, with 53% of all calls traded being purchases on the offer. 1,082 contracts have traded on the session so far. Cabela's Incorporated is...
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UPDATE: Piper Jaffray Lowers PT on OfficeMax to $21 (OMX)
Thursday, February 17, 2011 - 10:02am | 106Piper Jaffray is out with its report today on OfficeMax (NYSE: OMX), lowering its price target from $26 to $21. In a note to clients, Piper Jaffray writes, "We remain Overweight on OMX but are lowering our PT from $26 to $21 based on a tempered outlook for F11. However, we continue to be a believer...
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Cabela's Inc. Reports Q4 EPS of $0.86 vs. $0.79
Thursday, February 17, 2011 - 9:02am | 179Cabela's Incorporated (NYSE: CAB) today reported financial results for its fourth fiscal quarter and fiscal year ended January 1, 2011. The fourth quarter of 2010 included 13 weeks compared to the fourth quarter of 2009, which included 14 weeks. For the quarter, on a like calendar basis, adjusted...
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Piper Jaffray Lowers PT On OfficeMax To $21
Thursday, February 17, 2011 - 8:47am | 27Piper Jaffray has lowered the price target on OfficeMax, Inc. (NYSE: OMX) from $26 to $21 and maintains its Overweight rating.
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Build-A-Bear Workshop Reports Q4 EPS of $0.44 vs. $0.26
Thursday, February 17, 2011 - 8:38am | 151Build-A-Bear Workshop, Inc. (NYSE: BBW) today reported results for the 2010 fourth quarter. Total revenues were $125.8 million compared to $123.1 million in the fiscal 2009 fourth quarter, a 2.2% increase. Net income was $8.3 million, or $0.44 per diluted share. Net income for the fourth quarter...
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Fast Money Pops & Drops, February 16th (DVN, OC, LEA, ANF, OMX)
Wednesday, February 16, 2011 - 8:23pm | 212On CNBC's Fast Money Pops & Drops, Joe Terranova said that Devon Energy Corporation (NYSE: DVN) posted spectacular earnings, but the price action wasn't favorable. He added that investors with a long position should sell a half of their position. Devon Energy Corporation (DVN) fell 2.13%, and...
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Citigroup Downgrades Officemax to Hold
Wednesday, February 16, 2011 - 2:24pm | 15Citigroup downgrades Officemax (NYSE: OMX) to Hold
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Options Brief: Officemax Incorporated (OMX)
Wednesday, February 16, 2011 - 12:49pm | 79Shares of Officemax Incorporated (NYSE: OMX) are lower on the session by 7.52%, trading at $15.77. Overall put volume is now running at 6.86x the daily average, with 12% of all puts traded being purchases on the offer. 5,491 contracts have traded on the session so far. Officemax Incorporated...
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End Of An Era (BGP)
Wednesday, February 16, 2011 - 8:20am | 77Borders Group, Inc. (NYSE: BGP) has announced that it's filing for Chapter 11 bankruptcy protection. As of December 25, Borders had liabilities of $1.29 billion and assets of $1.28 billion. Sales at Borders have fallen by more than 10% each year from 2008-2010. “Instead of leading and being...
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Trading Olympic Golf (NKE, RL, DKS)
Tuesday, February 15, 2011 - 3:03pm | 290Brian Sozzi of Wall Street Strategies is out with a research report on some ideas to play Olympic Golf, which is scheduled to start in the 2016 Olympics. Sozzi notes that golf is coming back to the summer Olympics after more than a 100 year hiatus, as those in charge have realized the game is much...
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Morning Market Movers (LLNW, KV-B, ACMR, DGIT)
Tuesday, February 15, 2011 - 10:56am | 119Limelight Networks Inc (NASDAQ: LLNW) shares advanced 27.40% to $8.23 at 9:55 am. LLNW reported better-than-expected Q4 results and issued upbeat Q1 projections. KV Pharmaceutical Co (NYSE: KV-B) climbed 22.66% to $7.85. KV Pharmaceutical reported completion of a $32 million private placement of 9...
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Goldman Sachs Upgrades Barnes And Noble To Neutral, Raises PT To $19 (BKS)
Tuesday, February 15, 2011 - 10:13am | 99Goldman Sachs upgraded Barnes and Noble (NYSE: BKS) from Sell to Neutral and raised Barnes and Noble's price target from $13 to $19 in a research report published today. In the report, Goldman Sachs states, "New analysis on the earnings power of the firm's Internet business, after a period of...
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A.C. Moore Exploring Strategic Alternatives; Includes Potential Sale of the Company
Tuesday, February 15, 2011 - 9:47am | 114A.C. Moore Arts & Crafts, Inc. (NASDAQ: ACMR) today announced that its Board of Directors is exploring strategic alternatives to enhance shareholder value including, but not limited to, a potential sale of the Company, corporate financing or capital raise. Janney Montgomery Scott LLC has been...
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Jo-Ann Stores confirms "Go-Shop" Period Concludes With No Alternative Offer
Tuesday, February 15, 2011 - 9:24am | 124Jo-Ann Stores, Inc. (NYSE: JAS) today announced that its Board of Directors has scheduled a special meeting of its shareholders to consider and vote upon the proposal to adopt a merger agreement between the Company and an affiliate of Leonard Green & Partners, L.P. Jo-Ann Stores shareholders of...
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Update: Goldman Sachs Upgrades Barnes & Noble to Neutral (BKS)
Tuesday, February 15, 2011 - 8:46am | 112Goldman Sachs is out with its report today on Barnes & Noble (NYSE: BKS), upgradings shares of BKS from Sell to Neutral. In its report sent to clients, Goldman Sachs states, "We remove BKS from the Sell list, and upgrade the stock to Neutral. New analysis on the earnings power of the firm's...