Limited posts
FeedPosted Nov 6th 2009 8:00AM by Paul Foster (RSS feed)
Filed under: Yamana Gold (AUY), Options, Limited Brands (LTD)
Yamana Gold (NYSE: AUY) closed at $11.79. Gold is recently up 0.40% to $1093.70 according to Bloomberg. AUY November option implied volatility is at 60; January is at 59; versus its 26-week average of 59, according to Track Data, suggesting non-directional price movement.
Limited (NYSE: LTD) closed at $17.89. LTD reported comparable store sales decreased 2% for Q3. LTD is expected to report Q3 EPS on November 19. LTD November option implied volatility is at 60; December is at 56 above its 26-week average of 53, according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Posted Aug 7th 2008 9:20AM by Peter Cohan (RSS feed)
Filed under: Wal-Mart (WMT), Costco Wholesale (COST), Limited Brands (LTD)
Bloomberg News reports that
Wal-Mart Stores, Inc. (NYSE:
WMT) and
Costco Wholesale Corp. (NASDAQ:
COST) saw big sales increases in July thanks to $4 gas, while more upscale retailers, such as
The Limited Brands (NYSE:
LTD), lost business. The stock market is responding to the change and so far this year, Wal-Mart shares are up 27.8% but Costco's have fallen 5.8% (thanks to a
profit squeeze due to its gasoline costs rising faster than the price it charges consumers). Limited stock has lost 10.8% during that time.
The details are worth knowing. Wal-Mart sales at stores open at least a year gained 3% while Costco's climbed 10%. Limited, the owner of the Victoria's Secret lingerie chain suffered a 5% decline. But Wal-Mart's results -- while strong -- were disappointing to investors who expected 3.4% growth. What is driving this increasing budget-consciousness? The beginning of back-to-school shopping, the suspension of sales taxes in some states, $4 a gallon gas, 9.6% inflation and seven months of job losses are all combining to push shoppers to discounters and away from pricier retail outlets.
Continue reading $4 gas sends Wal-Mart, Costco up; Limited down
Posted Jun 25th 2007 11:19AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Amgen Inc (AMGN), Limited Brands (LTD)
MOST NOTEWORTHY: AVX Corp (AVX), Vishay Intertechnology Inc (VSH), Buffalo Wild Wings (BWLD) and three car-rental companies were today's noteworthy downgrades:
- American Technology downgraded both AVX Corp (NYSE: AVX) and Vishay Intertechnology Inc (NYSE: VSH) to Sell from Buy after channel checks suggested weaker than expected demand for the June quarter from Europe, EMS, and distribution.
- Sanders Morris believes investors should take profits in Buffalo Wild Wings Inc (NASDAQ: BWLD), cutting shares to Sell from Buy, and sees limited catalysts on the horizon that could drive shares higher.
OTHER DOWNGRADES:
- Lehman downgraded Amgen Inc(NASDAQ: AMGN) to EqualWeight from Overweight.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted May 16th 2007 11:29AM by Kevin Shult (RSS feed)
Filed under: Before the bell, Analyst upgrades and downgrades, Bad news, Applied Materials (AMAT), Texas Instruments (TXN), Limited Brands (LTD), Nordstrom, Inc (JWN)
MOST NOTEWORTHY: Limited Brands, Inc (LTD), Applied Materials, Inc (AMAT), Williams-Sonoma, Inc (WSM) and Texas Instruments Inc (TXN) were some of today's noteworthy downgrades:
- Limited Brands Inc (NYSE: LTD) was downgraded to Neutral from Buy at Banc of America, to Neutral from Accumulate at Buckingham, to Hold from Buy at Citigroup and to Market Perform from Outperform at Wachovia following the news of selling a majority interest in its Express brand and announcing the intent to explore strategic options for the company.
- Elsewhere, Cowen downgraded shares of Applied Materials (NASDAQ: AMAT) to Neutral from Outperform due to Q3 order guidance and limited visibility. American Technology removed Applied Materials from its Focus List.
- Williams-Sonoma (NYSE: WSM) was cut to Market Perform from Outperform at Piper Jaffray on concerns about mall traffic trends at the end of Q1 for both Pottery Barn and Williams-Sonoma brands.
OTHER DOWNGRADES:
- Nordstrom, Inc (NYSE: JWN) was taken down to Market Weight from Overweight at Thomas Wiesel.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted May 15th 2007 5:08PM by Sarah Gilbert (RSS feed)
Filed under: Major movement, Deals, Competitive strategy, Private equity, Limited Brands (LTD)
Mega-trendy retailer
Limited Brands (NYSE:
LTD) announced the
sale today of its Express Stores unit to
private equity firm
Golden Gate Capital, and in the same breath said it was evaluating the options for its Limited Stores segment -- the brand the company derives its name from. Despite the surface inscrutability of this decision (why sell the company's titular brands, the ones that are growing in gross profit while the company's other units are slipping bigtime?), it's one that analysts have been predicting for a while given that CEO Leslie Wexner has been hyping his Victoria's Secret unit as a "megabrand" upon which Limited's future prospects would hinge. Both Victoria's Secret and soap-and-lotion retailer Bath & Body Works, he insists, depend on products whose sales are more predictable than those of clothing.
While that's certainly true, it's also true that the profit margins for the cheap, trendy clothing sold by the company's Express and Limited stores are growing while the rest of the company's brands are falling. Today the company announced that it is
revising its outlook for Q1 2007 downward significantly due to poorer-than-expected sales and merchandise margins at Victoria's Secret. After slashing the outlook from 25-28 cents a share to 12-14 cents a share, the stock was down significantly, $1.23 or 4.5% to $26.18, although after-market trading shows some nice recovery.
Perhaps the prediction isn't so easy, but the fact remains that the profit margins and same-store sales growth is a lot better on lemongrass- and magnolia-scented lotion than tank tops and skinny jeans. While Victoria's Secret and Bath & Body Works regularly record operating profit in the 20-30% range, a good quarter for Express and Limited stores hovers between 5% and 6%. Lingerie is sexy, and soap is way, way sexier -- and Limited Brands has picked this clean, sweet-smelling horse to ride for now.
As of February 3, 2007, Limited had 658 Express stores and 260 Limited stores; 1,326 stores in the Victoria's Secret unit (which includes the La Senza brand); and 1,546 Bath & Body Works stores.
Posted Apr 13th 2007 11:21AM by Kevin Shult (RSS feed)
Filed under: Analyst upgrades and downgrades, Bad news, Lockheed Martin (LMT), Limited Brands (LTD), Hunt(J.B.) Transport (JBHT)
MOST NOTEWORTHY: Some of today's noteworthy downgrades were Medimmune Inc (MEDI), J.B. Hunt (JBHT), Lockheed Martin (LMT), Komag (KOMG) and Victor Corp (VICR):
- Freidman Billings cut Medimmune inc (NASDAQ: MEDI) to Market Perform from Outperform on valuation. Prudential downgraded shares to Neutral from Overweight and recommended investors take profits in the company.
- J.B. Hunt Transport Services Inc (NASDAQ: JBHT) was downgraded to Peer Perform from Outperform at Bear Stearns citing valuation.
- Lockheed Martin (NYSE: LMT) was removed from Goldman Sachs Conviction Buy List and prefers L-3 Communication (LLL) over the large-cap aerospace/defense company.
- Komag Inc (NASDAQ: KOMG) was downgraded to Sell from Neutral at American Technology as they believe industry fundamentals have weakened and that the Seagate (STX) preannouncement will increase pricing pressure.
OTHER DOWNGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Feb 2nd 2007 5:17PM by Eric Buscemi (RSS feed)
Filed under: Earnings reports, Conventions and conferences, Annual meetings, Wal-Mart (WMT), Corning Inc (GLW), NIKE, Inc'B' (NKE), Abercrombie and Fitch (ANF), , Limited Brands (LTD), Nordstrom, Inc (JWN)
As this earnings period begins to wind down, with most of the juggernauts already having reported, we begin to see reports from some smaller, lesser known companies, along with reports from former high-fliers like Gateway Inc (NYSE:
GTW) and Overstock.com Inc (NASDAQ:
OSTK).
Monday February 5
- Overstock.com to report Q4 earnings, conference call at 11am.
- PDUFA date for Watson Pharmaceutical Inc's (NYSE: WPI) Actoplus XR for non-insulin dependent diabetes mellitus.
Tuesday February 6
- Nike Inc (NYSE: NKE) to hold Analyst Day at 12pm. Credit Suisse First Boston believes Nike will announce the rollout of a specialty retail store concept at the meeting.
Wednesday February 7
- Equinix (NASDAQ: EQIX) to report Q4 earnings; conference call at 5:30pm. Kaufman Brothers notes that the company's last overhang was removed in the middle of January and it sees a $93 price target on the stock.
- PDUFA Date for Roche Holding's (OTC: RHHBY) Cera for chronic renal disease.
Thursday February 8
- Monthly sales reports reports due from Abercrombie & Fitch Co (NYSE: ANF), Limited Brands (NYSE: LTD), Nordstrom, Inc (NYSE: JWN) and Wal-Mart Stores Inc (NYSE: WMT).
- Gateway to report Q4 earnings; conference call at 5:30pm.
Friday February 9
- Corning Incorporated (NYSE: GLW) to hold Investor Meeting at 9am with presentations from its CEO and CFO.
Posted Jan 18th 2007 10:55AM by Gary E. Sattler (RSS feed)
Filed under: Good news, Products and services, Marketing and advertising, Getting started, Limited Brands (LTD)
One of my favorites, Limited Brands Inc. (NYSE: LTD,) has announced a direct stock purchase plan to provide an affordable means for investors to purchase their common stock. Its plan called BuyDIRECT is being facilitated by The Bank of New York and is available to anyone. An initial minimum investment of just $200 is required but after that, purchases as small as $50 may be transacted. A one time enrollment fee of $10 is applicable at time of first purchase.
The plan offers enough flexibility to be both interesting and useful. Shares may be held in book entry form or you may have stock certificates issued directly to you. Be advised that having hard copy stock certificates issued generally involves extra cost so you'll need to weigh that into your decision when choosing what to do. Additionally, Limited Brands offers you the option of reinvesting all or some of your dividends earned, which can have significant tax advantages. Alternatively, you may have your dividends paid directly to you. Holders of shares already in certificate are allowed to have any portion of those shares transferred to their plan account and are welcome to withdraw or transfer at any time.
Limited brands has a plan brochure available and it invites you to have a look. The plan will be available 24 / 7 through Bank of New York. This plan looks like an excellent way for a newbie investor like me to grab a chunk of some exciting stock. I see limited Brands as a good, solid company group and I think I'll start my portfolio with it. When that happens I'll be sure to let you know!
You may get current information on Limited Brand's stock performance here.
You may read my other articles here .
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