Posts for Ticker ‘PLCE’

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 10 Analyst Upgrades and Downgrades (ALU, CHS, PLCE, DB, GS, IGT, ICE, MCO, WSII, PAR)

These are some of the top pre-market analyst upgrades, downgrades, and initiations we have seen from Wall Street with about two and a half hours until the market opens:

Alcatel-Lucent (ALU) Raised to Buy at BofA/Merrill.
Chico’s FAS (CHS) Started as Buy at Jefferies.
Children’s Place (PLCE) Started as Buy at BofA/Merrill.
Deutsche Bank (DB) Started as Outperform at FBR.
Goldman Sachs (GS) Raised to Outperform at KBW.
International Game Tech (IGT) Raised to Buy at Janney Montgomery.
Intercontinental Exchange (ICE) Raised to overweight at Barclays.
Moody’s (MCO) Raised to Hold at Jefferies.
Waste Services (WSII) Started as Neutral at JPMorgan.
3PAR (PAR) Cut to Neutral at Merriman Curhan Ford.

Jon C. Ogg
July 15, 2009

Posted on: July 15, 2009 – 6:08 am in Analyst Calls, , , , , , , , , ,

Nasdaq Delisting Candidates, To The Pink Sheets

The list of possible delisting candidates is too long to publish here. These companies are called "non-compliant" usually for late SEC filings or stock prices which trade below the exchange minimum share price. Most of these companies can appeal and go through a process to remain listed.

The entire list is published.here. Among some of the notables:

Applied Digital Solutions (DIGA)

Atari (ATAR)

Children’s Place (PLCE)

Conexant (CNXT)

EntreMed (ENMD)

Force Protection (FRPT)

infoUSA  (IUSA)

Mindspeed (MSPD)

PixelWorks (PXLW)

QMed (QMED)

Sonic Foundry (SOFO)

Sonic Solutions (SNIC)

TranSwitch (TXCC)

Zila (ZILA)

Douglas A. McIntyre

Posted on: April 17, 2008 – 12:30 pm in Exchange News, , , , , , , , , , , ,

Pre-Market Stock News (December 6, 2007)

Below is some of the top pre-market news affecting individual shares that 247WallSt.com is reviewing:

  • AMERCO (NASDAQ: UHAL) announce a $50 million share buyback plan.
  • Children’s Place Retail Stores (NASDAQ: PLCE) NOV s-s-s were +3%.
  • Coca-Cola (NYSE: KO) announced its CEO succession plan, Kent will replace Isdell in July 2008.
  • Costco (NASDAQ: COST) same-store sales rose 9%. Analysts had expected 6.6%.
  • Eli Lilly (NYSE: LLY) put 2008 EPS guidance at $3.85-4.00, slightly above consensus.
  • Family Dollar (NYSE: FDO) issued downside guidance with same-store-sales.
  • Freeport-McMoRan (NYSE: FCX) was noted as Cramer’s Top Mining & Minerals stock on MAD MONEY.
  • GameStop Corp. (NYSE:GME) will replace Dow Jones (NYSE:DJ) in the S&P 500 Index on date TBA.
  • Hoku Scientific (NASDAQ: HOKU) shares trading up 35% after it signed a term sheet for financing its Polysilicon Plant in Idaho with $185 million.
  • Limited Brands (NYSE: LTD) NOV s-s-s -7%.
  • Pacific Sunwear (NASDAQ: PSUN) NOV s-s-s +2.3%.
  • Rambus (NASDAQ: RMBS) rose 1.7% to $20.19 as SEC dropped options investigation with no action recommended.
  • Sierra Pacific (NYSE: SRP) filed to sell 12 million shares in a secondary.
  • Toll Brothers (NYSE: TOL) reported its first quarterly loss in two decades; EPS were -$0.52 versus -$0.47 estimates.
  • VF Corp. (NYSE: VFC) noted as Buy by Cramer on MAD MONEY.

Jon C. Ogg
December 6, 2007

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

Posted on: December 6, 2007 – 8:06 am in Pre-Market Activity, , , , , , , , , , , , , , ,

The 52-Week Low Club

TOUSA (TOA) Home builder hire Lazard to review capital structure. Down to $1.32 from 52-weej high of $11.37.

Edge Petroleum (EPEX) Updates guidance. Off to $8.93 from 52-week high of $20.26.

Childrens Place Retail (PLCE) Down to $20.56 from 52-week high of $71.81.

TranSwitch Corporation (TXCC) Down to $.96 from 52-week high of $2.07.

Douglas A. McInyre

Posted on: October 9, 2007 – 3:02 pm in HI/LOW, , , ,

Children’s Place Must Be Spanking The Kids (PLCE)

The Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) just can’t seem to get it right.  The company posted a 4% September sales gain to $217.8 million, but its same store sales came in at -3% (compared to a 16% gain last year).  To top it off, it now anticipates that earnings per share for the third quarter will come in at least 60% below the low end of its previous guidance of $0.94 to $1.02 given on August 23, 2007. Included in this new outlook is an estimated charge of approximately $0.07 per share related to severance payments to be made to the former chief executive officer pursuant to the terms of his employment agreement.  This will drag down its annual guidance significantly as well, and it does not plan to offer further guidance for Q4 or the fiscal year.  Of course the ‘unseasonally warm temperatures’ was also thrown out there as part of the excuse as well.

Children’s Place had to take significant inventory markdowns and expects these trends to continue for the remainder of the year.  Chuck Crovitz, the interim CEO, is actively engaged with other members of management in overseeing the updating and completion of the Company’s delinquent SEC filings.  The Board of Directors has established a Search Committee to find a permanent CEO. Despite noting that it is reviewing inventory strategy, it will likely take several quarters to make adjustments to the extent they are necessary.

After the prior reduction and disclosure of being out of compliance with its Disney deal, it’s hard to want to endorse this regardless of a low trailing P/E.  Shares are hitting another 52-week low at $20.56 pre-market, and the 52-week trading range is $23.86 to $71.81.  It sure sounds like this company better find a permanent CEO rather fast.

Jon Ogg
October 9, 2007

Jon Ogg produces the "Special Situation Investing Newsletter" and he does not own securities in the companies he covers.

Posted on: October 9, 2007 – 7:56 am in Earnings Warning, Retail, ,

The 52-Week Low Club

Lexmark (LXK) Printer company lowers guidance. Hits $43.50, down from $74.68.

Quaker Fabric (QFAB) Getting near a liquidation. Down to $.09 against 52-week high of $1.66.

Childrens Place (PLCE) Same store sales off 4%. Drops to $46.13 from 52-week high of $71.81.

Corrections Corp (CXW) Some insider selling. Prison business is not what it used to be. Drops to $32.17 from 52-week high of $66.50. Stock split today.

Douglas A. McIntyre

Posted on: July 9, 2007 – 4:02 pm in Uncategorized, , , ,