Posts for Ticker ‘CWTR’

Coldwater Creek Up You Know Which Creek (CWTR)

Coldwater_creek_logoColdwater Creek Inc. (NASDAQ: CWTR) has issued an earnings warning after the close of trading.  Its preliminary third quarter results show sales of approximately $225 million.  But that is only the start of it.  On a same store sales basis, this represents a decline expected to be in the "low-twenties" on a percentage basis.

Read More »

Posted on: November 3, 2008 – 4:25 pm in Apparel, Earnings Warning, Retail,

Top Pre-Market Analyst Downgrades (ANF, AEO, ANN, CHS, CWTR, ENTR, IGT, MSA, OVTI, VNDA)

These are some of the analyst downgrades and negative calls we are seeing early this Tuesday morning:

  • Abercrombie & Fitch (ANF) Started as Neutral at Goldman Sachs.
  • American Eagle Outfitters (AEO) Started as Sell at Goldman Sachs.
  • AnnTaylor Stores (ANN) Started as Sell at Goldman Sachs.
  • Chico’s FAS (CHS) Started as Sell at Goldman Sachs.
  • Coldwater Creek (CWTR) Started as Sell at Goldman Sachs.
  • Entropic Communications (ENTR) Cut to Neutral at Piper Jaffray.
  • International Game Technology (IGT) Cut to Market Perform at Wachovia.
  • Mine Safety Appliances (MSA) Cut to Neutral at Baird.
  • OmniVision Technologies (OVTI) Cut to Neutral at JPMorgan.
  • Vanda Pharmaceuticals (VNDA) Cut To Neutral at JP Morgan; Cut to Neutral at Banc of America.

Jon C. Ogg
July 29, 2008

Posted on: July 29, 2008 – 6:51 am in Analyst Calls, , , , , , , , , ,

Clothing Retailers Wait For Chico’s FAS Earnings (CHS, CWTR)

On Tuesday afternoon we’ll get to see earnings out of Chico’s FAS Inc. (NYSE: CHS). The estimates for the specialty womens retailer from First Call are $416.93 million in revenues.  Next quarter estimates are $467.74 million in revenues. Estimates for fiscal Jan-2009 are $1.84 billion in revenues.

Analysts have an average price target north of $9.00, in-line with the current share price.  Chico’s FAS’ 52-week trading range is $6.70 to $27.94.  This is one that we might not normally cover, but it has been one of the uglier womens retail plays out there.  Even with a near-50% recovery from its 52-week lows, this one is still nearly down by about two-thirds from its highs. 

The short interest on this is huge with roughly 18.8 million shares, so anything looking "not horrible" will probably create a short covering parade.  When this one turns, it will turn fast.  Investors just need to know that they are no longer investing in a growth stock if they are buying stock in Chico’s.  Traders will also be watching Coldwater Creek (NASDAQ: CWTR) on this news, as these are the two most compared companies after much of the same target market.

Jon C. Ogg
March 1, 2008

Posted on: March 1, 2008 – 7:56 am in Apparel, Earnings, Retail, ,

Pre-Market Stock Movers (January 15, 2008) (EDU, COIN, CWTR, DNDN, DNA, WSM, FRX, LCBM, NWY, STT, PVH, TMA)

Below is a snapshot of the key pre-market news that we are focusing on for early pre-market trading this Tuesday:

  • Apple (AAPL) has its Macworld today.
  • CECO Environmental (CECE) announced 14 new orders received totaling ~ $7.3 million.
  • Charles & Colvard (CTHR) lowered guidance and announced a strategic review.
  • Citigroup (C) was trading up but then went negative in early trading: -$1.99 EPS vs -$1.00 estimate, huge charges of $18.1 Billion, 4,200 layoffs included, review divestitures, cut $0.54 dividend down to $0.32.
  • Coldwater Creek (CWTR) lowered guidance, again, again. Shares down 15% to new low.
  • Converted Organics (COIN) announced its has secured a Rhode Island site for second organic fertilizer facility; stock down 6% pre-market.
  • Dendreon (DNDN) received a European patent covering Provenge and its ACI platform technology; shares up 5% pre-market after solid gains yesterday.
  • First American Financial (FAF) sees revenues of $1.9 Billion as expected but sees charges and writedowns.
  • Forest Labs (FRX) $0.96 EPS vs $0.75 estimate; Revenues $998.2 million versus $946+ million estimate. Raised 2008 guidance.
  • Genentech (DNA) trading down 2% pre-market after beating earnings but missing estimates on its top 4 drugs; sees 2008 EPS $3.30-3.45 vs. $3.37 estimate.
  • Kellwood (KWD) $21.00 tender from Sun Capital affiliate Cardinal Integrated commences.
  • Kosan (KOSN) initiated Phase II trials of alvespimycin, their second-generation inhibitor in patients with HER2-positive metastatic breast cancer.
  • Lifecore Biomedical (LCBM) trading up 29% after it agreed to be acquired by Warburg Pincus for $17.00 per share in cash.
  • Merrill Lynch (MER) confirmed that it has agreed to issue $6.6 Billion in preferred stock.
  • New Oriental Education & Technology (EDU) $0.10 EPS vs. $0.08 estimate.
  • New York & Co. (NWY) lowered guidance.
  • OSI Systems (OSIS) received a follow-on order from EDO Corporation for roughly $5.8 million.
  • Phillips-Van Heusen (PVH) guidance for Q4 EPS at least $0.53, previous guidance was $0.51 to 0.53 and $0.53 First Call; also reaffirmed FY08 EPS of $3.55 to 3.65 vs. $3.55 estimate.
  • State Street (STT) issued earnings and is indicated down 1% to 3% on thin volume after noting it sees 2008 at lower end of target.
  • Thornburg Mortgage (TMA) raised roughly $212 million in equity and convertible preferred securities sales; stock down 1% pre-market.
  • William Sonoma (WSM) lowered guidance; stock down 14% pre-market.

Jon C. Ogg
January 15, 2008

Posted on: January 15, 2008 – 8:50 am in Pre-Market Activity, , , , , , , , , , , ,

Pre-Market Analyst Calls (November 6, 2007)

Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN

Abercrombie & Fitch (ANF) started as Buy at UBS.
Aeropostale (ARO) started as Neutral at UBS.
American Eagle Outfitters (AEO) raised to Hold at Citigroup.
Ann Taylor (ANN) started as Buy at UBS.
Autodesk (ADSK) raised to Overweight at Lehman.
Biomarin (BMRN) Started as Buy at Jefferies.
CA INC. (CA) raised to Equal-Weight at Lehman.
Chico’s FAS (CHS) started as Neutral at UBS.
Citigroup (C) cut to Neutral at B of A.
Cognos (COGN) cut to Sector Perform at CIBC.
Coldwater Creek (CWTR) started as Neutral at UBS.
Entergy (ETR) cut to Hold at Jefferies.
Gap Inc. (GPS) started as Buy at UBS.
Googe (GOOG) target raised to $850 at Sanford Bernstein.
J.Crew (JCG) started as Neutral at UBS.
Leapfrog (LF) started as Strong Buy at Needham.
MasterCard (MA) raised to Buy at Deutsche Bank.
Microsoft (MSFT) removed from Conviction Buy List at Goldman Sachs.
OdysseyRe (ORH) raised to Hold at Citigroup.
Oracle (ORCL) replaced Microsoft on Goldman Sachs Conviction Buy List.
PepsiAmericas (PAS) cut to Underweight at JPMorgan.
PhotoChannel (PNWIF) started as Buy at Merriman Curhan Ford.
Portugal Telecom (PT) raised to Buy at UBS.
Research In Motion (RIMM) raised to Outperform at Credit Suisse.
Sun Micro (JAVA) raised to Buy at Citigroup.
Symantec (SYMC) cut to Equal-Weight at Lehman.
Under Armour (UA) started as Underweight at Morgan Stanley.
Urban Outfitters (URBN) started as Buy at UBS.

Jon C. Ogg
November 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: November 6, 2007 – 7:57 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The 52-Week Low Club

King Pharmaceuticals (KG) Still falling after selling off assets. Down to $10.96 from 52-week high of $22.25.

NutriSystem (NTRI) Bad earnings. Falls to $30.60 from 52-week high of $76.20.

Isilon Systems (ISLN) Weak forecast. Down to $5.26 from 52-week high of $28.50.

Coldwater Creek (CWTR) CEO stepping down. Drops to $10.47 from 52-week high of $31.25.

Douglas A. McIntyre

Posted on: October 4, 2007 – 3:49 pm in HI/LOW, , , ,

The 52-Week Low Club

Christopher & Banks (CBK) Clothing retailer loses CEO. Drops to $11.69 from 52-week high of $31.25.

Cost Plus (CPWM) Home furnishing and entertainment products retailer loses CFO and drops guidance. Shares fall to $3.98 from 52-week high of $14.34.

Coldwater Creek (CWTR) Specialty retailer still falling after bad earnings. Down to $12.43 from 52-week high of $31.25.

Sourceforge (LNUX) Poor earnings fall-out. Still dropping. Down to $2.54 from 52-week high of $5.55.

Douglas A. McIntyre

Posted on: August 31, 2007 – 3:58 pm in Uncategorized, , , ,

The 52-Week Low Club

Coldwater Creek (CWTR) Week numbers for women’s apparel company. Down to $12.85 from 52-week high of $31.25.

Chico’s FAS (CHS) Apparel retailer reports poor earnings. Down to $15.35 from 52-week high of $27.94.

Energy Conversion Devices (ENER) Solar cell maker show poor numbers and profits may be delayed until 2009. Drop to $25.05 from 52-week high of $41.07.

Sirf Technology (SIRF)  Company makes chips for use in GPS devices. Received poor brokerage rating last week. Share won’t recover. Falls to $16.20 from 52-week high of $34.15.

Douglas A. McIntyre

Posted on: August 30, 2007 – 3:58 pm in HI/LOW, , , ,

Coldwater Creek: Retail Downturn Moves Up

Coldwater Creek (CWTR) does not sell the most expensive women’s clothes, but it does market to the 35+ age group and to spas. So, not cheap stuff.

But, the company reported crummy earnings anyway. Maybe the older and more affluent are feeling pinched.

CWTR earnings fell down 27.6% from $12 million and it said the next quarter was going to be tough.

Wall St. did not like the news. CWTR is off over 20% to $13.65, a new 52-week low.

Douglas A. McIntyre

Posted on: August 30, 2007 – 8:42 am in Uncategorized,

Pre-Market Stock News (May 30, 2007)

(AAPL) Apple trading up 0.5% after Morgan Stanley raised its $110 target to $150.
(BGP) Borders Group posted a -$0.51 EPS loss vs. -$0.38e.
(BIIB) Biogen Idec announced up to $3 Billion in share repurchases.
(CDWC) CDW agrees to be acquired by Madison Dearborn Partners for $87.75 in cash.
(CWTR) Coldwater Creek trading up more than 10% after beating earnings expectations.
(DBRN) Dress Barn said May comparable s-s-s rose 10%.
(DNDN) Dendreon hit with a class action lawsuit.
(ESEA) Euroseas traded up close to 10% after the Greek shipping company doubled earnings.
(ESPD) eSpeed is being combined by Cantor Fitzgerald with Cantor’s BGC unit in what is said to be a $1.3 Billion deal, although this is sort of a zero sum game to ESPD holders on the surface.
(HGSI) Human Genome Sciences announces that dosing has begun in BLISS-52, the second of two pivotal Phase 3 clinical trials of LymphoStat-B in patients with active lupus.
(ICE) IntercontinentalExchange and CBOE have confirmed an agreement regarding CBOE exercise rights as part of the planned merger between ICE and Chicago Board of trade and sign an agreement in principle.
(LYO) Lyondell announced a $500M note offering.
(MNST) Monster’s job search will now be available through the Comcast portal.
(MSFT) Microsoft has introduced a new touch screen PC called “Surface” that is essentially a coffee table.
(PAY) VeriFone fell 4% after missing expectations and after “raised guidance” looked shy.
(PHM) Pulte Homes announced a 16% workforce cut.
(SFD) Smithfield Foods fell 5% after earnings warning.
(WSM) William Sonoma $0.16 EPS vs $0.13e.

Jon C. Ogg
May 30, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: May 30, 2007 – 7:09 am in Pre-Market Activity, , , , , , , , , , , , , , , , , ,