Posts for Ticker ‘JCG’

Next Week’s Top 10 Earnings on Deck (HPQ, TSN, CPB, LDK, TECD, BKS, BGP, JCG, DLTR, DE)

Earnings season has mostly wound down, but as always at least some major companies are reporting earnings.  Some are actually market-movers as well and it is a short week with earnings out only Monday and Tuesday, with a few on Wednesday.  On deck are Hewlett-Packard Company (NYSE: HPQ), Tyson Foods Inc. (NYSE: TSN), Campbell Soup Co. (NYSE: CPB), LDK Solar Co. Ltd. (NYSE: LDK), Tech Data Corp. (NASDAQ: TECD), Barnes & Noble, Inc. (NYSE: BKS), Borders Group, Inc. (NYSE: BGP), J. Crew Group, Inc. (NYSE: JCG), Dollar Tree Inc. (NASDAQ: DLTR), and Deere & Co. (NYSE: DE).

We have included estimates from Thomson Reuters, relative data on peers and recent developments, and relative performance on each where it was applicable.
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Posted on: November 20, 2009 – 1:19 pm in Calendar, Earnings, , , , , , , , , ,

52-Week High Club

Gap Inc. (NYSE: GPS)  hits a yearly high of $22.54.  Fellow retailers Polo Ralph Lauren (NYSE: RL),  American Eagle Outfitters (NYSE: AEO) and J. Crew Group (NYSE: JCG) also hit yearly highs.

Goldman Sachs (NYSE: GS) hits a yearly high of $184.30 on analyst enthusiasm for underwriting and mergers and acquisitions businesses.  Credit Suisse (NYSE: CS) and Morgan Stanley (NYSE: MS) also hit yearly highs.

Google (NYSE: GOOG) hits a yearly high of $501.13 after a wave of price target increases on optimistic outlook for web advertising, including today’s increase by the brokerage Canaccord Adams.

Palm Inc. (Nasdaq: PALM) rallies to a yearly high of $17.12 on rumors that Nokia (NYSE: NOK) may be looking to bid on the handset maker. 

24/7 Wall St.

Posted on: September 22, 2009 – 4:32 pm in Financial Stocks, Mergers and Buy Outs, Retail, , , , , , , , , , , , ,

Top Analyst Upgrades and Downgrades (ABX, BDX, BMY, FUN, JCG, NEM, NENG, SNY, ZOLT)

Bull and Bear ImageThese are this morning’s top pre-market analyst upgrades, downgrades and initiations from Wall Street early this Friday:

Barrick Gold (ABX) Started as Hold at Jefferies.
Becton Dickinson (BDX) Started as Overweight at Jefferies.
Bristol-Myers Squibb (BMY) Cut to Equal Weight at Morgan Stanley.
Cedar Fair (FUN) Cut to Hold at KeyBanc.
J. Crew (JCG) Raised to Buy at Citigroup; Raised to Hold at Needham..
Newmont Mining (NEM) Started as Buy at Jefferies.
Network Engines (NENG) Raised to Buy at Cantor Fitzgerald.
Sanofi-Aventis (SNY) Raised to Overweight at JPMorgan.
Zoltek (ZOLT) Started as Hold at Deutsche Bank.

JON C. OGG

Posted on: August 28, 2009 – 8:03 am in Analyst Calls, , , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (AAPL, ARBA, AVID, BAC, FSLR, JCG, ERIC, MWW, Q, YGE)

These are the top ten analyst research calls from Wall Street’s upgrades and downgrades we have seen early this Tuesday morning:

Apple (AAPL) Raised to Overweight at Morgan Stanley.
Ariba (ARBA) Cut to Perform at Oppenheimer.
Avid Tech (AVID) Raised to Overweight at JPMorgan.
Bank of America (BAC) Raised to Market Perform at FBR.
First Solar (FSLR) Cut to Underperform at FBR.
J. Crew (JCG) Cut to Underperform at Needham.
LM Ericsson (ERIC) Raised to Outperform at Bernstein.
Monster Worldwide (MWW) Cut to Underperform at Wachovia.
Qwest (Q) Raised to Overweight at JPMorgan.
Yingli Green Energy (YGE) Raised to Buy at Lazard.

JON C. OGG
May 26, 2009

Posted on: May 26, 2009 – 6:58 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Upgrades (BBT, EXPD, FLR, JEC, JCG, NOK, SIAL, VMED)

Money_stack_picThese are some of the top upgrades and positive research calls we have seen from Wall Street analysts this Friday morning:

  • BB&T (BBT) Raised to Market Perform at KBW.
  • Expeditors International (EXPD) Raised to Neutral from Sell at UBS.
  • Fluor (FLR) Started as Buy at Jefferies.
  • Jacobs Engineering (JEC) Started as Buy at Jefferies.
  • J. Crew (JCG) Raised to Equal Weight at Barclays.
  • Nokia (NOK) Raised to Hold from Sell at Societe Gednerale.
  • Sigma-Aldrich (SIAL) Raised to Neutral from Sell at Goldman Sachs.
  • Virgin Media (VMED) Raised to Overweight at JPMorgan.

Jon C. Ogg
January 23, 2009

Posted on: January 23, 2009 – 7:55 am in Analyst Calls, , , , , , , ,

Top Pre-Market Analyst Downgrades (ALL, DO, DOW, JCG, LULU, SONC)

Down_arrow_redThese are some of the top pre-market downgrades we are seeing this Monday morning with more than two hours to the open:

  • Allstate (ALL) Cut to Sell from Hold at S&P Equity Research
  • Diamond Offshore (DO) Cut to Underweight from Overweight at JP Morgan
  • Dow Chemical (DOW) Cut to Neutral from Overweight at JP Morgan
  • J. Crew (JCG) Cut to Sell from Neutral at Goldman Sachs
  • lululemon (LULU) Cut to Sell at Goldman Sachs
  • Sonic Corp. (SONC) Cut to Sell from Neutral at Goldman Sachs

Jon C. Ogg
October 13, 2008

Posted on: October 13, 2008 – 6:11 am in Analyst Calls, , , , , ,

The Mystery Of Urban Outfitters (URBN, AEF, ANF)

Uncle_samThe most bizarre thing about the economic slowdown is the continued strength of Urban Outfitters Inc. (URBN).

Not only is the Philadelphia-based retailer continuing to post impressive results but its stock just hit an all-time high. The company continues to open stores as well. During the six months ended July 31, it added 24 new locations, including 10 Urban Outfitters stores, 7 Anthropologie stores, 6 Free People stores and 1 Terrain garden center. It expects to open 45 new stores during the full fiscal year. The company also boosted gross profit margins by 373 and 408 points respectively in the three and six months ended July 31.

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Posted on: September 3, 2008 – 10:27 am in Retail, , , , , ,

The 52-Week Low Club 8/19/2008 (JCG)(CCJ)(FNM)(SIRF)

Sad_clownJ Crew Group (JCG) Analyst downgrade. Drops to $24.86 from 52-week high of $52.44.

Cameco Corporation (CCJ) Bad profits. Down to $27.56 from 52-week high of $52.33

Fannie Mae (FNM) Ongoing concerns about shareholders being wiped out. Plunges to $5.75 from 52-week high of $70.57.

Sirf Technology (SIRF) Losing case against Broadcom will not get ITC review. Falls to $1.96 from 52-week high of $30.16.

Douglas A. McIntyre

Posted on: August 19, 2008 – 2:59 pm in HI/LOW, , , ,

Top 10 Pre-Market Analyst Calls (ADCT, ANN, ASH, ASMI, CLHB, COST, IDTI, JCG, MRVL, NDAQ)

These are ten of the analyst calls we are focusing on this Friday morning:

  • ADC Telecom (NASDAQ: ADCT) raised to Overweight at JPMorgan.
  • AnnTaylor (NYSE: ANN) raised to Outperform at FBR.
  • Ashland (NYSE: ASH) cut to Underweight at JPMorgan.
  • ASM International (NASDAQ: ASMI) started as Underpeform at Jefferies.
  • Clean Harbors (NASDAQ: CLHB) raised to Outperform at Robert W. Baird.
  • Costco (NASDAQ: COST) cut to Neutral at Piper Jaffray.
  • Integrated Device Tech (NASDAQ: IDTI) cut to Neutral at Cowen & Co.
  • J. Crew (NYSE: JCG) cut to Market Perform at Wachovia; cut to Sell at Citigroup.
  • Marvell Tech (NASDAQ: MRVL) raised to Overweight at JPMorgan and raised to Outperform at oppenheimer.
  • NASDAQ (NASDAQ: NDAQ) raised to Overweight at Lehman Brothers.

Jon C. Ogg
May 30, 2008

Posted on: May 30, 2008 – 7:01 am in Analyst Calls, , , , , , , , , ,

J. Crew Falls Off Rowboat (JCG)

Shares of J. Crew Group, Inc. (NYSE: JCG) are drowning in after-hours trading.  The apparel retailer posted over 20% gains to $0.48 EPS on a 15% rise in revenues to $340.6 million.  First Call had estimates at $0.47 EPS and $334.6 revenues.  Unfortunately, its guidance is less than good. 

It expects Q2 EPS on a range of $0.31 to $0.33 and for fiscal 2008 it sees an EPS range of $1.70 to $1.75.  First Call has estimates at $0.40 EPS next quarter and $1.86 for the year.  It previously offered a range of $1.85 to $1.87.

The new lower revised expectations put comparable store sales as "flat to low single-digits."  It sees direct sales growth in the high single-digits and net square footage expansion of about 11%.

While the stock was still in the middle of its 52-week trading range, shares were up considerably from the March lows around $40.00.  It looks like that may be the new resistance on the chart rater than support.  This was not expected, and its forward earnings multiple is still nowhere near "cheap" levels that would force investors to feel they have to own the stock.

J. Crew stock was down 1.5% at $46.91 in regular trading, and shares are down almost 17% at $39.00 in after-hours trading.  Its 52-week trading range is $33.69 to $57.17.

Jon C. Ogg
May 29, 2008

Posted on: May 29, 2008 – 3:37 pm in Apparel, Earnings Warning,

Jim Cramer’s Stimulus Package & Turnaround Stocks

On tonight’s MAD MONEY on CNBC, Jim Cramer noted that selling stocks today isn’t a good idea and that this will be good for retail stocks and others too.  You have to keep in mind the same-store-sales as the key metric, but here are his retail names he went through:

  • In retail, Cramer likes Guess? (NYSE: GES), J.Crew (NYSE: JCG), Lowe’s (NYSE: LOW), Liz Claiborne (NYSE: LIZ), Jones Apparel (NYSE: JNY), Costco Wholesale (NASDAQ: COST), TJX Corp. (NYS: TJX), Urban Outfitters (NASDAQ: URBN)… and he likes Darden (NYSE: DRI) in restaurants. 

Cramer actually talked positive about one homebuilder and a mortgage player:

  • Toll Brothers (NYSE: TOL) will actually be a winner on the higher GSE increase in the conforming loan price cap.  In mortgages the increase in the cap will help Thornburg Mortgages (NYSE: TMA). 

He thinks that takeovers are coming, and he is under the impression that Bear Stearns (NYSE: BSC) may actually get taken over after a huge drop.  He thinks it is just too valuable to others.  Just FYI, Cramer did discuss this Bear Stearns takeover possibility on TheStreet.com earlier this morning or this afternoon.  In short, he thinks that this might merit a reason to stop being so cynical.  He wants to buy something in retail and something in banking. 

Last week Cramer went value fishing for technology companies that he thought were either overlooked during the meltdown or that had been oversold.  Here were his picks in technology:

Jon C. Ogg
January 24, 2008

Posted on: January 24, 2008 – 6:22 pm in Cramer, Turnarounds, Value Investing, , , , , , , , , , , ,

Cramer Calls A Bottom & Gives Play Book Picks (C, CVS, COST, GES, JCG, IBM, DD)

On tonight’s MAD MONEY on CNBC, Jim Cramer said emphatically that the huge drop today followed by the monster rally in the same day is a classic bottoming pattern, although he thinks that the move was too quick and he wouldn’t be surprised if we pull back over the next couple of days.  When you see the action like this the financial stocks and the retailers that have been the most bettered become the best places to jump in.  Here are his play book picks from retail stocks and financial stocks as the sector rotation trades comes into play:

  • Cramer went out and said he believes that Citigroup (NYSE: C) has actually bottomed. 
  • The retail stocks aren’t just bought by short covering trades, and he thinks that is real buying.  The companies he speedily announced that he likes are CVS Caremark (NYSE: CVS), Costco Wholesale Corp. (NASDAQ: COST), Guess? (NYSE: GES), and J. Crew Group (NYSE: JCG). 

He also wants to pick stocks with no earnings risk that have already pre-announced better earnings:

  • IBM (NYSE: IBM) and DuPont (NYSE: DD) are his two picks that are the safest industrials to buy on pullbacks during the bottoming cycle.  Both pulled back but they’d both be higher if the market had been normal.  he wants to buy these on pullbacks.

Last week Cramer went value fishing for technology companies that he thought were either overlooked during the meltdown or that had been oversold.  Here were his picks then:

Jon C. Ogg
January 23, 2008

Posted on: January 23, 2008 – 6:26 pm in Cramer, Financial Stocks, Retail, , , , , , , ,

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, , , , , , , , , , , , , , , , , , , , , , , , , , , ,