Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Acuity Brands Inc. (AYI) Q2 results were essentially flat but an analyst's upgraded helped boost shares.
• Borders Group Inc. (BGP) reported strong Q4 earnings due to cost cutting but revenue continued to decline.
• Cal-Maine Foods Inc. (CALM) received an analyst's downgrade on valuation following release of its Q3 report.
• CarMax Inc. (KMX) rose to a new 52-week high following better-than-expected Q4 earnings and sales results.
• Charming Shoppes Inc. (CHRS) posted a smaller-than-expected Q4 net loss and said same-store sales declined.

Continue reading Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ...

Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ... originally appeared on BloggingStocks on Sat, 03 Apr 2010 11:40:00 EST. Please see our terms for use of feeds.

Movado (MOV), a distributor of quality watches, posted details about its fourth quarter earlier today. I always hate to see a net loss, but that's unfortunately what the company reported. I'll have to deal with it.

Movado lost 28 cents per share in Q4, on an adjusted basis. The good news is this was 8 cents less than the loss recorded in the comparable period. The even better news is this was three pennies ahead of estimates, according to TheFly.

Continue reading Movado: Don't Bother After Q4 Report

Movado: Don't Bother After Q4 Report originally appeared on BloggingStocks on Thu, 01 Apr 2010 15:40:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Advance Auto Parts Inc. (AAP) was downgraded due to concerns about its 2010 earnings outlook.
• Analogic Corp. (ALOG) received an analyst's downgrade after it reported weaker-than-expected earnings.
• AutoZone Inc. (AZO) strong Q1 results beat earnings expectations, but shares rose only a little.
• BWAY Holding Co. (BWY) received an analyst's upgrade following release of its Q4 results.
• Casey's General Stores Inc. (CASY) topped Q2 earnings estimates but lower revenue fell short.
• Ciena Corp. (CIEN) shares plummeted after it fell short of its earnings expectations for Q4.

Continue reading Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ...

Earnings highlights: AutoZone, Ciena, Costco, FedEx, Krispy Kreme, Kroger, MetLife, 3M ... originally appeared on BloggingStocks on Sat, 12 Dec 2009 11:20:00 EST. Please see our terms for use of feeds.

Fueling this bad move was the third-quarter earnings release. Net sales dropped 5%. Okay, investors don't like reading about a 5% drop in the top line, but that wasn't the worst part: Adjusted income was 12 cents per share. Last year's comparable quarter returned 53 cents in adjusted per-share profit. Huge differential there, huh? Also, the gross margin declined quite precipitously.

Continue reading Movado surprised Wall Street with its Q3 report -- in a bad way

Movado surprised Wall Street with its Q3 report -- in a bad way originally appeared on BloggingStocks on Thu, 10 Dec 2009 08:20:00 EST. Please see our terms for use of feeds.

The earnings season, like the calendar year, is winding down. The sprinkling of quarterly results scheduled for this coming week include S&P 500 components AutoZone (AZO), Ciena (CIEN), H&R Block (HRB) and National Semiconductor (NSM), as well as Dollar General (DG), Imperial Sugar (IPSU), Krispy Kreme Doughnuts (KKD), Men's Wearhouse (MW), Talbots (TLB) and others.

Analysts surveyed by Thomson Reuters expect to see strong year-over-year and sequential EPS growth from luxury watchmaker Movado Group Inc. (MOV). During its third quarter of fiscal 2010, this Paramus, N.J.-based company was recognized for its innovative use of technology and it reported a big profit decline for the second quarter.

Continue reading The week in preview: Profit expectations for Costco, Kroger, Movado and others

The week in preview: Profit expectations for Costco, Kroger, Movado and others originally appeared on BloggingStocks on Sun, 06 Dec 2009 12:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from last week's earnings coverage from BloggingStocks:

• Abercrombie & Fitch Co. (NYSE: ANF) earnings prospects and declining sales resulted in a downgrade.
• America's Car-Mart Inc. (NASDAQ: CRMT) stronger-than-expected Q1 results led shares to a four-year high.
• ArcSight Inc. (NASDAQ: ARST) reported strong Q1 numbers on increasing demand for cyber security.
• Brown-Forman Inc. (NYSE: BF.B) Q1 results easily topped expectations despite a decline in revenue.
• Ciena Corp. (NASDAQ: CIEN) posted a Q3 loss but revenue improved sequentially, and shares rose.

Continue reading Earnings highlights: Ciena, Del Monte, Hovnanian, Krispy Kreme, Movado ...

Earnings highlights: Ciena, Del Monte, Hovnanian, Krispy Kreme, Movado ... originally appeared on BloggingStocks on Sat, 05 Sep 2009 14:10:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Goldman upgraded CTC Media (NASDAQ: CTCM) to Buy from Neutral on a better outlook for European Media names and raised its target on shares to $17.60 from $12.
• Morgan Joseph upgraded Movado (NYSE: MOV) to Buy from Hold after the company reported better-than-expected Q2 results. The firm set a $16 target on the stock.
• Needham upgraded LTX Credence (NASDAQ: LTXC) to Strong Buy from Hold following the company's Q4 results with a $3 price target.
• Canon (NYSE: CAJ) was upgraded to Outperform from Underperform at Macquarie.
• Whitney Holding (NASDAQ: WTNY) was upgraded to Buy from Neutral at SunTrust.
• Gafisa SA (NYSE: GFA) was upgraded to Overweight from Equal Weight at Morgan Stanley.

Continue reading Analyst upgrades, downgrades and initiations: ANF, CAJ, CTCM, MOV, MV, VMED ...

Analyst upgrades, downgrades and initiations: ANF, CAJ, CTCM, MOV, MV, VMED ... originally appeared on BloggingStocks on Fri, 04 Sep 2009 10:50:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• American Capital Agency Corp. (NASDAQ: AGNC) earnings prospects earned it an analyst's upgrade.
• Broadpoint Securities Group Inc. (NASDAQ: BPSG) earnings prospects improved with recent acquisitions.
• Clorox Co. (NYSE: CLX) was upgraded on the belief that its fiscal year outlook is too conservative.
• Deutsche Bank (NYSE: DB) earnings prospects resulted in an upgrade from JPMorgan.
• Lululemon Athletica Inc. (NASDAQ: LULU) Q1 profit and same-store sales fell and it offered a weak outlook.
• Movado Group Inc. (NYSE: MOV) bested Q1 expectations and forecast a considerable profit for the full year.

Continue reading Earnings highlights: Clorox, Deutsche Bank, Movado, Qualcomm, Texas Instruments ...

Earnings highlights: Clorox, Deutsche Bank, Movado, Qualcomm, Texas Instruments ... originally appeared on BloggingStocks on Sat, 13 Jun 2009 11:40:00 EST. Please see our terms for use of feeds.

Now, to be certain, the stats weren't great. Movado is still reeling from the harsh economic times. Sales declined 33% in Q1, and there was a loss per share of $0.37. That compared very unfavorably to a profit of $0.05 per share in the year-ago period. Also, the gross margin slipped significantly.

Continue reading Movado beats estimates -- is now the moment to buy?

Movado beats estimates -- is now the moment to buy? originally appeared on BloggingStocks on Wed, 10 Jun 2009 15:00:00 EST. Please see our terms for use of feeds.

Shares of the following companies surged after they posted quarterly results on Tuesday.

Watchmaker Movado Group Inc. (NYSE: MOV) reported a smaller-than-expected Q1 loss as cost cutting offset weak sales due to the continued pullback by consumers of discretionary spending. Movado also surprised with a profit forecast for FY 2010. Shares rose 26.4% to close at $10.24.

Navistar International Corp. (NYSE: NAV) Q2 earnings and revenue fell short of analysts' estimates as the recession dampened demand for commercial vehicles. Navistar also slashed its forecast for the full year, and said it plans to cut costs by shifting production from Canada to Mexico. Yet shares rose 5.6% to close at $45.46.

Continue reading Movado, Navistar, Oxford and Pep Boys shares rise on Tuesday earnings reports

Movado, Navistar, Oxford and Pep Boys shares rise on Tuesday earnings reports originally appeared on BloggingStocks on Wed, 10 Jun 2009 06:10:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Bed Bath & Beyond Inc. (NASDAQ: BBBY) easily topped Q4 earnings estimates but same-store sales fell.
• Brinker International Inc. (NYSE: EAT) forecast Q3 earnings that are well above analysts' estimates.
• Constellation Brands Inc. (NYSE: STZ) said it narrowed its loss in Q4 despite restructuring costs.
• Excel Maritime Carriers Ltd. (NYSE: EXM) is expected to fall short of Q4 earnings expectations.
• Family Dollar Stores Inc. (NYSE: FDO) reported strong Q2 results and and raised its outlook for Q3.

Continue reading Earnings highlights: Family Dollar, Bed Bath & Beyond, Alcoa, Wells Fargo and more

Earnings highlights: Family Dollar, Bed Bath & Beyond, Alcoa, Wells Fargo and more originally appeared on BloggingStocks on Sat, 11 Apr 2009 11:40:00 EST. Please see our terms for use of feeds.

You know, I haven't worn a watch in a long time. Maybe a lot of people are thinking like me, that they don't really need watches since we have so much access to clocks via cell phones and other devices (I don't own a cell phone, but I'm content to simply seek out a clock if I'm out and about). Of course, I'm being a little facetious here. Movado is merely suffering through a bad economy. And it's perhaps in need of some better management. The company sells timepieces based on licensed brands such as Coach (NYSE: COH) and Tommy Hilfiger. Consumers are apparently satisfied with purchasing cheap, non-branded watches. Can't blame them.

Continue reading Movado posts big loss -- don't waste your time on this stock

Movado posts big loss -- don't waste your time on this stock originally appeared on BloggingStocks on Thu, 09 Apr 2009 15:00:00 EST. Please see our terms for use of feeds.

In his Validea newsletter, John reese explains, "Benjamin Graham -- considered the greatest investment guru by Warren Buffett -- built his reputation by using an extremely conservative, low-risk approach to investing." Buffett, incidentally, was Ben Graham's student.

Reese continues, "To Graham, preserving one's original capital was every bit as important as netting big gains. Having lived through the 1929 market crash, it's no surprise that the strategy Graham laid out in his classic book The Intelligent Investor was a conservative, loss-averse approach.

"To Graham, an investment wasn't something that could be turned into quick, easy profits; anything that offers such 'easy' rewards also comes with substantial risk, and Graham abhorred risk. In terms of specifics, Graham's approach limited risk in a number of ways, and my Graham-based model lays out several of those methods.

Continue reading Top 10 Benjamin Graham value plays: Men's Wearhouse, Carlisle, Movado and Scholastic make the grade

Top 10 Benjamin Graham value plays: Men's Wearhouse, Carlisle, Movado and Scholastic make the grade originally appeared on BloggingStocks on Fri, 24 Oct 2008 12:50:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Baird upgraded Fifth Third Bancorp (NASDAQ: FITB), SunTrust (NYSE: STI) and Wells Fargo (NYSE: WFC) to Outperform from Neutral citing the ability to raise cheap capital following the Treasury's aggressive policy response.
  
• Keefe Bruyette upgraded First Security Group (NASDAQ: FSGI), Amcore Financial (NASDAQ: AMFI) and Seacoast Banking (NASDAQ: SBCF) to Outperform from Market Perform to reflect the benefits of the government's TARP program.
  
• Suntrust believes Zions Bancorp (NASDAQ: ZION) is disproportionately positioned to benefit from what should be a wave of industry fallout and consolidation over the next few years. Shares were upgraded to Buy from Neutral.
• Cadbury (NYSE: CBY) was raised to Hold from Sell at ING Group.
  
• Ericsson (NASDAQ: ERIC) was raised to Neutral from Sell at Goldman.
  
• Genentech (NYSE: DNA) was upgraded at Piper Jaffray to Buy from Neutral.

Analyst downgrades:

Continue reading Analyst calls: EBAY, DELL, WFC, RBS, STM, DNA . . .

Analyst calls: EBAY, DELL, WFC, RBS, STM, DNA . . . originally appeared on BloggingStocks on Wed, 15 Oct 2008 12:00:00 EST. Please see our terms for use of feeds.

Continue reading Investing in Euro 2008 (and Swiss punctuality)

Investing in Euro 2008 (and Swiss punctuality) originally appeared on BloggingStocks on Tue, 27 May 2008 17:21:00 EST. Please see our terms for use of feeds.

Father's Day is around the corner. Why not spend some time looking at the coming earnings and how Dad's Day may have an impact. It is funny to see how many of the companies reporting earnings this week actually have links to Father's Day.

While this column has been obviously bearish of late, there are a few potential winners that may appear, just in time for the big day. Time to stock up on gifts for dear-ole-dad, or get farther away from stocks? You tell me... (by the way, comments and ideas are always appreciated)

Monday, May 26

Markets will be flat. I am certain that stocks on the U.S. Market will close at the exact price they closed last Friday. But what do I know!

Continue reading The week in preview: Are Father's Day gifts coming from DELL, RL, or MW?

The week in preview: Are Father's Day gifts coming from DELL, RL, or MW? originally appeared on BloggingStocks on Sun, 25 May 2008 13:10:00 EST. Please see our terms for use of feeds.

Most of those designer watches you admire in exclusive shops are actually made by a relatively small number of industry stalwarts. One member of the club is headquartered in Paramus, New Jersey.

Movado Group (NYSE: MOV) designs, manufactures and distributes watches. The firm provides nine timepiece lines, including its own Movado, Ebel, Concord and Esq Swiss varieties, as well as Coach, Hugo Boss, Juicy Couture, Lacoste and Tommy Hilfiger licensed brands. The company also designs, develops, and markets proprietary Movado-branded jewelry and tabletop items. It sells its products directly and through a variety of retail outlets.

The firm pleased investors last week, when it reported Q2 EPS of 45 cents and revenues of $139.5 million. Analysts had been looking for 42 cents and $132.9 million. The COO particularly noted solid quarterly adjusted gross profit (63.6% of sales) and operating profit (11.7% of sales). Management also affirmed previous FY08 guidance. The news popped the shares out of a late-August/early-September "cup" into the mid-September "handle" of a Cup & Handle formation. The price is now showing signs of completing the pattern with a bullish rise from the right-hand side of the "handle".

Brokers recommend the issue with one "strong buy" and two "buys". Analysts see a 17 percent growth rate through the next year. The MOV P/E ratio (17.68), Price to Sales ratio (1.58), Price to Book ratio (2.23), Price to Cash Flow ratio (12.62), Price to Free Cash Flow ratio (17.51) and Return on Assets (8.94%) compare favorably with industry, sector and S&P 500 averages. Institutions hold about 69 percent of the outstanding shares. The stock is one of those used to calculate the S&P 600 SmallCap Index. Over the past 52 weeks, it has traded between $22.99 and $35.40. A stop-loss of $27.70 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Movado Group (MOV): The name behind a variety of fine watch brands originally appeared on BloggingStocks on Fri, 14 Sep 2007 12:45:00 EST. Please see our terms for use of feeds.

Designer watch retailer Movado Group Inc. (NYSE: MOV) recently released 2Q fiscal 2008 results. There certainly does not seem to be problems in high end retailing, at least not according to Movado. Net sales increased 10% to $139.5 million. This figure includes $8 million worth of excess discontinued product. More importantly, operating profits increased 16% to $16.3 million. Net income for the quarter was $12.3 million, or diluted EPS $0.45, up $0.02 from one year ago.

Movado managed to post these gains despite two consecutive quarters worth of negative comparable store sales in its U.S. boutiques. Granted the decline is not huge, 1.9% for the two quarters, but it does denote a trend that needs to be examined and then fixed, pronto.

For the first half of fiscal 2008, Movado posted a net sales increase of 7.4% to $240.8 million, and net income of $14.7 million, or diluted EPS $0.54, exactly what it was one year prior. CEO Efraim Grinberg forecasts increased sales outside the U.S. The company is looking at net sales projections of $560 million in fiscal 2008, with diluted EPS of $1.72. The stock repsonded positively to the earnings news, closing up $0.22 at $29.95 on September 6.

Movado (MOV) a stock to watch originally appeared on BloggingStocks on Fri, 07 Sep 2007 15:35:00 EST. Please see our terms for use of feeds.

Cramer's big targets on today's Stop Trading! originally appeared on BloggingStocks on Mon, 26 Mar 2007 16:38:00 EST. Please see our terms for use of feeds.

• The travel commerce company, Sabre Holdings (NYSE: TSG), was downgraded to Sell from Buy at Soleil Securities after they agreed to be bought by Texas Pacific and Silver Lake Partners, two private equity firms, for ~$5 billion.

• Telik Inc. (NASDAQ: TELK) was downgraded to Sell from Buy at Stifel following the disappointing ASSIST data.

• Movado Group (NASDAQ: MOV) was downgraded to Sell from Hold at Matrix USA, citing valuation.

Analyst downgrades 12-26-06: Sabre Holdings, Telik & Movado all to sell originally appeared on BloggingStocks on Tue, 26 Dec 2006 12:19:00 EST. Please see our terms for use of feeds.