Posts for Ticker ‘FL’

Thursday Earnings Retail Bonanza (DKS, FL, GPS, ROST, SHLD, BKE, PLCE, WTSLA, WSM, ZUMZ)

The earnings season is mostly winding down, but we still have a slew of retail earnings in the apparel and home categories.  On Thursday alone, we have earnings from Dick’s Sporting Goods Inc. (NYSE: DKS), Foot Locker Inc. (NYSE: FL), Gap Inc. (NYSE: GPS), Ross Stores, Inc. (NASDAQ: ROST), Sears Holdings Corporation (NASDAQ: SHLD), The Buckle (NYSE: BKE), The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Wet Seal Inc. (NASDAQ: WTSLA), Williams-Sonoma (NYSE: WSM), and Zumiez, Inc. (NASDAQ: ZUMZ).

We have compiled data and analysis here using Thomson Reuters consensus estimates, recent metrics offered by the companies, relative performance, and more.  As with what we have seen at most retail and apparel earnings this week and last, many of these are richly valued and probably cannot just hope to please the bulls by meeting estimates on cost cutting and inventory management and then giving cautious guidance.
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Posted on: November 18, 2009 – 3:38 pm in Apparel, Calendar, Earnings, Retail, , , , , , , , , ,

Retail & Apparel Earnings Dominate Next Week (SKS, BJ, GYMB, ANN, DKS, FL, GPS, SHLD, PLCE, WTSLA, ZUMZ)

Bull and Bear ImageIt seems that earnings season is winding down, but next week we have many of the key retail and apparel players reporting earnings.  Saks Incorporated (NASDAQ: SKS), BJ’s Wholesale Club Inc. (NYSE: BJ), Gymboree Corp. (NASDAQ: GYMB), and Ann Taylor Stores Corp. (NYSE: ANN) are all reporting next week.  Next Thursday may feel like a retail and apparel earnings bonanza as we have Dick’s Sporting Goods Inc. (NYSE: DKS), Foot Locker Inc. (NYSE: FL), Gap Inc. (NYSE: GPS), Sears Holdings Corporation (NASDAQ: SHLD), The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Wet Seal Inc. (NASDAQ: WTSLA), and Zumiez, Inc. (NASDAQ: ZUMZ) all reporting earnings in one day.

We have provided estimates from Thomson Reuters, recent sale store sales data, share performance, and added color on what else to consider where applicable.
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Posted on: November 13, 2009 – 11:36 am in Apparel, Calendar, Earnings, Retail, , , , , , , , , , ,

Top Analyst Upgrades (FINL, FTI, FL, BEN, GS, KEY, NDAQ, NOK, NRG, VIP)

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street firms early this Thursday morning with more than two hours until the market opens:

Finish Line (FINL) Started as Outperform at Oppenheimer.
FMC Technologies (FTI) Raised to Outperform at FBR.
Foot Locker (FL)  Started as Outperform at Oppenheimer.
Franklin Resources (BEN) Started as Buy at Deutsche Bank.
Goldman Sachs (GS) Raised to Outperform at Bernstein.
KeyCorp (KEY) Raised to TopPick at RBC.
NASDAQ (NDAQ) Started as Buy at Deutsche Bank.
Nokia (NOK) Started as Outperform at Baird.
NRG Energy (NRG) Raised to Buy at Jefferies.
Vimpel Communications (VIP) Raised to Overweight at Morgan Stanley.

JON C. OGG

Posted on: June 4, 2009 – 6:18 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (C)(FL)(JPM)(NYT)(BAC)(DELL)

Sad_clownFoot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19.

Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to $3.05 from 52-week high of $35.29.

JP Morgan (JPM) Layoffs and earnings concerns. Drops to $19.69.

The New York Times (NYT) October revenue down. Dividend cut. End of the line. Sells down to $4.95 from 52-week high of $21.14.

Bank of America (BAC) Sucked down by Citi selling. Plunges to $10.01 from 52-week high of $47.

Dell (DELL) Reasonable earnings but iffy forecast. Drops to $8.72 from 52-week high of $28.40.

Douglas A. McIntyre

Posted on: November 21, 2008 – 3:50 pm in HI/LOW, , , , , ,

Goldman Sachs Drops Specialty Apparel Names (COLM, NKE, UA, LULU, FL, GCO, FINL, KSWS)

Goldman Sachs has noted that an analyst named Brad Cragin has left the firm, and his former targets and ratings in specialty apparel names are no longer in effect.  These are some of the specialty apparel names that have been dropped from coverage:

  • Columbia Sportswear Co. (NASDAQ: COLM),
  • Nike Inc. (NYSE: NKE),
  • Under Armour (NYSE: UA),
  • lululemon athletica inc. (NASDAQ: LULU),

There were also many names in footwear and shoe retailing that were dropped:

  • Foot Locker (NYSE: FL)
  • Genesco (NYSE: GCO)
  • Finish Line (NASDAQ: FINL)
  • K-Swiss Inc. (NASDAQ: KSWS).

As a reminder, these are not true downgrades.  This coverage was dropped as the analyst has left the firm and it appears to be in a rapid enough manner that Goldman Sachs was not able to transition coverage away to another analyst.

Jon C. Ogg
May 20, 2008

Jon Ogg produces and edits the "10 Stocks Under $10" weekly newsletter and he does not own securities in the companies he covers.

Posted on: May 20, 2008 – 6:49 am in Analyst Calls, Apparel, , , , , , , ,

Pre-Market Stock News (May 11, 2007)

(AAPL) Apple’s talks about the Beatles are reportedly close to being settled.
(ALL) Allstate is going to stop selling homeowners insurance policies in California.
(ALU) Alcatel-Lucent earnings came out, forecasts 10% revenue gains; shares trading up 1.5% in overseas trading.
(AMGN) Amgen trading down another 3% pre-market after 4 downgrades after negative FDA news yesterday.
(BMY) Bristol-Myers Squibb settled the DOJ Plavix investigation.
(BOT) CBOT may now be considering the ICE bid over the CME bid according to WSJ.
(BRLC) Syntax-Brillian fell 15% after missing earnings and issuing even more shares in offering.
(CRXX) CombinatoRx noted positively in Business Week.
(DNDN) Dendreon trading down 5% after conference call.
(FL) Foot Locker shares fell almost 10% on an earnings warning.
(HELE) Helen of Troy $0.30 EPS vs $0.27e.
(JOBS) 51job traded up 7% after beating expectations.
(MOVI) Movie Gallery -$0.47 EPS vs -$0.53e.
(NVDA) NVIDIA trading up 5% after beating earnings and strong guidance.
(NWS) News Corp could reach $30.00 if it buys Down Jones according to Business Week.
(STI) Sun Trust Banks saw enough call option buying activity yesterday that it is being considered potentially as takeover speculation.
(THQI) THQ Interactive fell 4% after outlook disappointed the bulls.
(WCRX) Warner Chilcott $0.23 EPS vs $0.18e.
(WDC) Western Digital is likely to see its multiple expand according to Barron’s.
(WEN) Wendy’s largest holder is trying harder to get the company to sell itself.

Jon C. Ogg
May 11, 2007

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

Posted on: May 11, 2007 – 6:59 am in Pre-Market Activity, , , , , , , , , , , , , ,