ARO posts
Posted Jun 11th 2009 12:45PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Bank of New York (BK), MasterCard Inc'A' (MA), Analyst initiations, American Eagle Outfitters (AEO)
Analyst upgrades:
- Keefe Bruyette upgraded Bank of America (NYSE:BAC) to Outperform from Market Perform due to valuation and the company's better balance sheet following capital raises. The firm raised its target on shares to $16.50.
- Merriman upgraded Blue Coat Systems (NASDAQ:BCSI) to Buy from Neutral to reflect stabilizing demand and merger synergies from the Packeteer acquisition.
- Thomas Weisel upgraded Genomic Health (NASDAQ:GHDX) to Overweight from Market Weight based on valuation, a new colon cancer assay expected in 2010, and upside from new sales hires.
- Plexus (NASDAQ:PLXS) was upgraded to Outperform from Neutral at Baird.
- Great Plains Energy (NYSE:GXP) was raised to Buy from Neutral at Goldman.
- Ericsson (nASDAQ:ERIC) was upgraded at Societe Generale to Buy from Hold.
Continue reading Analyst upgrades, downgrades and initiations: BAC, ERIC, UNH, WRC
Posted May 23rd 2009 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Home Depot (HD), Target Corp. (TGT), Campbell Soup (CPB), Safeway Inc (SWY), Sears Holdings (SHLD), Lowe's Cos (LOW), Deere and Co (DE)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Home Depot, Target, Sears, Campbell, Deere and more
Posted May 22nd 2009 5:00PM by Beth Gaston Moon
Filed under: Earnings reports, Good news, Abercrombie and Fitch (ANF)

In a time where young, fiscally-minded shoppers still want to look trendy, they are fleeing across the shopping centers from
Abercrombie & Fitch Co (NYSE:
ANF), they are heading to the likes of
The Buckle, Inc. (NYSE:
BKE) and
Aeropostale, Inc. (NYSE:
ARO). Both delivered impressive earnings on Thursday and both are still in the green as the week winds up.
BKE said first-quarter earnings reached 58 cents per share, topping estimates by eight cents. Revenue surged 24.6%. ARO, meanwhile,
banked per-share earnings of 49 cents, edging past Street estimates by a penny. Revenue jumped 21% to $408 million, while same-store sales for the first-quarter reporting period surged 11%.
Continue reading Aeropostale earnings, sales on the upswing
Posted May 15th 2009 2:40PM by Steven Mallas
Filed under: Earnings reports, Penney (J.C.) (JCP), Gap Inc (GPS), Abercrombie and Fitch (ANF), American Eagle Outfitters (AEO)
Abercrombie & Fitch (NYSE:
ANF) was not hot at all in the
first quarter. It's funny. You hear about the recession coming to an end this year, about things getting better, and then you check out some retail stats and you begin to wonder.
Anyway, Abercrombie, which shares space at the mall with names like J.C. Penney (NYSE: JCP), American Eagle Outfitters (NYSE: AEO), Gap (NYSE: GPS), and Aeropostale (NYSE: ARO), saw its top line decline by 24%. Same-store sales for the company's entire operations dropped 30%. Same-store sales at the Abercrombie & Fitch brand itself plunged 26%. Earnings per share took a dive of more than 50% to $0.31. It should be noted, however, that there is a pending non-cash charge that will be added to these results at a later time.
Continue reading Abercrombie & Fitch sees huge sales decline in Q1
Posted Mar 25th 2009 11:30AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Hewlett-Packard (HPQ), PepsiCo (PEP), Netflix, Inc. (NFLX), American Express (AXP), Research in Motion (RIMM), Goldman Sachs Group (GS), Analyst initiations, Rio Tinto plc ADS (RTP)
Analyst upgrades:
- JMP Securities upgraded CB Richard Ellis (NYSE: CBG) to Outperform from Market Perform. The analyst believes the new Public-Private Investment Program will create liquidity, which will result in some degree of activity. Shares were also upgraded at JP Morgan to Overweight from Neutral.
- Thomas Weisel upgraded Linear Tech (NASDAQ: LLTC) to Overweight from Market Weight due to stabilizing business and favorable end market exposure.
- UBS upgraded PepsiCo (NYSE: PEP) to Buy from Neutral and raised its target to $60 from $57 due to moderating input costs, earnings and investment flexibility, improving U.S. beverage business, and leverage from its market share in food.
- Tibco (NASDAQ: TIBX) was raised to Buy from Neutral at Goldman.
- Philips Electronics (NYSE: PHG) was upgraded at ING Group to Buy from Hold.
- Hospira (NYSE: HSP) was upgraded to Outperform from Market Perform at Leerink.
Continue reading Analyst upgrades, downgrades and initiations: PEP, AXP, RTP, WSM, RIMM, HPQ ...
Posted Mar 14th 2009 12:40PM by Trey Thoelcke
Filed under: Earnings reports, McDonald's (MCD), Citigroup Inc. (C), Kroger Co (KR), Staples Inc (SPLS), Smithfield Foods (SFD), Texas Instruments (TXN), American Eagle Outfitters (AEO)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more
Posted Mar 6th 2009 7:08AM by Steven Mallas
Filed under: Earnings reports, Gap Inc (GPS), Abercrombie and Fitch (ANF), Urban Outfitters (URBN)
Urban Outfitters (NASDAQ: URBN), as one might have expected, didn't report a great fourth quarter. It's a fashionable retailer, so you can imagine that consumers, who aren't in the mood to spend top dollar on clothes and accessories, forced the company to do a lot of discounting.
Sales, though, were healthy. The top line increased by 9%, and same-store sales at the Urban Outfitters brand rose 3%. Unfortunately, Q4 wasn't so kind to the Anthropologie and Free People brands. Their comps were down 6% and 13%, respectively. And the company missed earnings estimates. The call was for 28 cents per share, but the retailer was only able to deliver 24 cents per share.
Continue reading Urban Outfitters misses estimates -- a buying opportunity or not?
Posted Feb 26th 2009 11:15AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Johnson and Johnson (JNJ), Smithfield Foods (SFD), Analyst initiations, Anglo Amer ADR (AAUK)
Analyst upgrades:
- UBS upgraded Dollar Tree (NASDAQ: DLTR) to Buy from Neutral but lowered its target to $42 from $45 following the solid Q4 report. The firm expects Dollar Tree's cost containment to continue. JP Morgan upgraded shares to Overweight from Neutral on valuation as it believes the recent pullback is overdone and the company set achievable FY09 guidance. The firm has a $43 target on the stock.
- JP Morgan also upgraded Smithfield Foods (NYSE: SFD) to Overweight from Neutral on valuation as they find the stock oversold at current levels.
- KeyBanc upgraded Nordson (NASDAQ: NDSN) to Hold from Underweight based on valuation, strong balance sheet and cost reductions, and a solid track record of execution.
- Philips Electronics (NYSE: PHG) was upgraded to Neutral from Underweight at HSBC.
- Aeropostale (NYSE: ARO) was raised to Equal Weight from Underweight at Barclays.
- Carter's (NYSE: CRI) was upgraded at Goldman to Neutral from Sell.
Continue reading Analyst upgrades, downgrades and initiations: DLTR, KWK, IRE, AAUK, JNJ ...
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