URBN posts
FeedPosted Nov 15th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Home Depot (HD), Target Corp. (TGT), Sears Holdings (SHLD), Gap Inc (GPS)
On the heels of last week's better-than-expected earnings results from retailers Abercrombie & Fitch Co. (ANF), Kohl's Corp. (KSS), Macy's Inc. (M), Urban Outfitters Inc. (URBN) and Wal-Mart Stores Inc. (WMT) -- as well as disappointing numbers from Blockbuster Inc. (BBI) and JCPenney Co. Inc. (JCP) -- the coming week will bring results from more shopping- and strip-mall favorites.
TJX Companies Inc. (TJX), which operates T.J. Maxx and Marshalls stores in the U.S., settled a class action, announced share buybacks and raised its guidance in the third quarter. For the three months that ended in October, analysts surveyed by Thomson Reuters expect TJX to report earnings of $0.80 per share, up from $0.57 in the same period of last year. Revenue is expected to total $5.3 billion, or 10.2% higher than a year ago. So far, the full-year forecast is for a profit of $2.59 per share (+22.3%) on $20.0 billion (+5.5%) in sales.
Continue reading The week in preview: More retail earnings: Gap, Home Depot, Sears, Target ...
Posted Oct 26th 2009 10:40AM by Trey Thoelcke (RSS feed)
Filed under: Analyst upgrades and downgrades, Microsoft (MSFT), Analyst initiations
Analyst upgrades:
- Microsoft (NASDAQ: MSFT) was upgraded to Buy from Hold by Canaccord, which cited the company's strong Q1 results.
- Pali Capital raised T. Rowe Price (NASDAQ: TROW) to Neutral from Sell following the company's better-than-expected Q3 results.
- Under Armour (NYSE: UA) was upgraded to Neutral from Negative at Susquehanna following positive checks ahead of the company's Tuesday's Q3 report.
- Stifel Nicolaus raised American Express (NYSE: AXP) to Buy from Hold, as the firm thinks the company is close to reaching "normalized" earnings.
- Goldman Sachs upgraded Garmin (NASDAQ: GRMN) to Sell from Conviction Sell.
- RBC Capital upgraded Noble Energy (NYSE: NBL) to Outperform from Sector Perform.
- American Superconductor (NASDAQ: AMSC) was upgraded to Outperform from Sector Perform by Pacific Crest.
Continue reading Analyst upgrades, downgrades and initiations: AXP, BHP, KBH, MSFT, TROW, USB ...
Posted Aug 9th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Wal-Mart (WMT), Penney (J.C.) (JCP), Blockbuster Inc 'A' (BBI), Kohl's Corp (KSS), Economic data
Last week offered mixed messages about whether an economic recovery is indeed underway. The unemployment figures were not as bad as feared, but July sales numbers were nothing to write home about, despite the wild popularity of the so-called cash-for-clunkers program.
The question is, where has consumer confidence (and consumer spending) been? Retail is a good place to look, and as it turns out, this week several shopping mall and strip mall favorites will be reporting earnings for the most recent quarter.
Continue reading The week in preview: Eye on retail -- Walmart, Macy's, Blockbuster ...
Posted Jun 26th 2009 1:30PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Urban Outfitters (URBN), Stocks to Buy, Recession
"Stocks have struggled lately after their huge recovery; still, I continue to see opportunities, and I especially like Urban Outfitters (NASDAQ: URBN)," says Mark Skousen in The Turnaround Alert.
"Urban Outfitters, the apparel retailer, after it beat Wall Street analysts' estimates. Two years ago, the stock was selling for $37 a share.
"But today, it's selling for nearly half that. During the deep recession, retailers have seen sales drop as consumers cut back on spending for clothing and other discretionary purchases. As a result, retail apparel stocks fell sharply.
Continue reading Urban Outfitters (URBN): Dressed for success?
Posted Jun 23rd 2009 12:00PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Urban Outfitters (URBN), Stocks to Buy
"Stocks have struggled lately after their huge recovery; still, I continue to see opportunities in the market, and I especially like Urban Outfitters (NASDAQ: URBN)," says Mark Skousen in The Turnaround Alert.
"Urban Outfitters, the apparel retailer, after it beat Wall Street analysts' estimates. Two years ago, the stock was selling for $37 a share.
"But today, it's selling for nearly half that. During the deep recession, retailers have seen sales drop as consumers cut back on spending for clothing and other discretionary purchases. As a result, retail apparel stocks fell sharply.
Continue reading Urban Outfitters (URBN): Dressed for success?
Posted May 10th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Wal-Mart (WMT)
As earnings season begins to wind down, some apparel retailers are scheduled to report quarterly results this week. Analysts polled by Thomson Reuters anticipate that Walmart Stores Inc. (NYSE: WMT), the 800-pound gorilla in the space, will report that it earned $0.77 per share in the first quarter, about the same as in the first quarter of last year. But JCPenney Co. (NYSE: JCP), Kohl's Corp. (NYSE: KSS), Nordstrom Inc. (NYSE: JWN), and Urban Outfitters Inc. (NASDAQ: URBN) are expected to report lower profits for the first quarter as consumers continued to hold off on spending. Macy's Inc. (NYSE: M) and Abercrombie & Fitch Co. (NYSE: ANF) are expected to have swung to a loss year over year.
Whole Foods Market Inc. (NASDAQ: WFMI) and Winn Dixie Stores Inc. (NASDAQ: WINN) are likewise expected to report declining earnings, while the Great Atlantic & Pacific Tea Co. (NYSE: GAP), parent of the A&P supermarket chain, is expected to have narrowed its net loss 68.9% to $0.28 per share.
Continue reading The week in preview: A peek at apparel retail earnings
Posted May 4th 2009 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Intel (INTC), Adobe Systems (ADBE), MasterCard Inc'A' (MA), Research in Motion (RIMM), Burger King Hldgs (BKC), Analyst initiations, Urban Outfitters (URBN)
Analyst upgrades:
- Jefferies upgraded Cytec Industries (NYSE: CYT) to Buy from Hold on valuation and believes liquidity concerns are overdone. The firm raised its target on the stock to $27 from $20.
- Morgan Stanley upgraded Intel (NASDAQ: INTC) to Overweight from Equal Weight and raised its price target to $19 from $15. Morgan Stanley's survey indicates positive trends in the business supply chain and the analysts expects estimates to move higher from increased server MPU sales and growth in Windows 7.
- Pali upgraded Urban Outfitters (NASDAQ: URBN) to Buy from Neutral on valuation and believes the company's tough Q2 compares are already priced into the stock. The firm has a $25 target on shares.
- Research in Motion (NASDAQ: RIMM) was upgraded to Conviction Buy from Buy at Goldman.
- MasterCard (NYSE: MA) was lifted to Buy from Hold at Deutsche Bank.
- Burger King (NYSE: BKC) was raised to Buy from Neutral at Banc of America/Merrill.
Continue reading Analyst upgrades, downgrades and initiations: INTC, RIMM, BKC, MA, ADBE ...
Posted May 1st 2009 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, McDonald's (MCD), Research in Motion (RIMM), Analyst initiations, Urban Outfitters (URBN)
Analyst upgrades:
- Citigroup upgraded Patriot Coal (NYSE: PCX) to Hold from Sell on easing credit and liquidity concerns following the company's guidance. The firm raised its target on the stock to $7.50 from $4.
- UBS upgraded Research In Motion (NASDAQ: RIMM) to Buy from Neutral and raised their target to $90 from $65 as they expect pent-up replacement demand in enterprise to drive 2010 estimates higher and for the consumer smartphone opportunity to grow in 2009 and 2010.
- Goldman upgraded Suncor (NYSE: SU) to Conviction Buy from Sell and raised their target to $33 from $25 citing their bullish view on crude oil for 2H09 and 2010 and in the company's ability to lower operating and capital costs in the oil sands region.
- Canadian National (CNI) was raised to Overweight from Neutral at JP Morgan.
- Applied Micro Circuits (NASDAQ: AMCC) was lifted at Oppenheimer to Overweight from Neutral.
- QLogic (NASDAQ: QLGC) was upgraded to Outperform from Neutral at Baird.
Continue reading Analyst upgrades, downgrades and initiations: RIMM, MCD, ORLY, CELG, URBN ...
Posted Mar 20th 2009 10:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Johnson and Johnson (JNJ), Sony Corp ADR (SNE), Expedia Inc (EXPE), Starwood Hotels Worldwide (HOT), Analyst initiations, Urban Outfitters (URBN)
Analyst upgrades:
- Citigroup upgraded Expedia (NASDAQ: EXPE) to Buy from Hold as they believe the company's fee elimination coupled with 2009 industry trends could lead to market share gains and that the valuation is compelling at current levels. Citigroup raised its price target to $14 from $9 on EXPE shares.
- Credit Suisse upgraded Lukoil (OTC: LUKOY) to Outperform from Neutral as it believes lower taxes and the ruble's decline will increase profitability.
- Soleil upgraded Jo Ann Stores (NYSE: JAS) to Buy from Hold as it believes the company's sales results in the first half of 2009 could top expectations. The firm raised its target price to $20 from $16.
- Johnson & Johnson (NYSE: JNJ) was upgraded to Buy from Neutral at UBS.
- Bayer AG (OTC: BAYRY) was lifted to Buy from Neutral at Banc of America/Merrill.
- ManTech (NASDAQ: MANT) was raised at Wachovia to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations: EXPE, JNJ, HOT, URBN, SNE ...
Posted Mar 7th 2009 3:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Hewlett-Packard (HPQ), AutoZone Inc (AZO), Amer Intl Group (AIG), Urban Outfitters (URBN), MBIA Inc (MBI)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: AIG, HP, AutoZone, Big Lots, MBIA, TiVo and more
Posted Mar 6th 2009 7:08AM by Steven Mallas (RSS feed)
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?
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