NEW YORK, November 26, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Nordstrom Inc. (NYSE: JWN), Urban Outfitters Inc. (NASDAQ: URBN), American Eagle Outfitters, Inc. (NYSE: AEO), The Children's Place Retail Stores, Inc. (NASDAQ: PLCE) and The Men's Wearhouse, Inc. (NYSE: MW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Nordstrom Inc. Research Report
On November 20, 2013, Nordstrom Inc. (Nordstrom) announced that the Company, along with New Balance, Shoes That Fit.org and Nordstrom customers who opt to participate, will donate new shoes through the Nordstrom Holiday Giving Tree program. According to the Company, since 2010, Nordstrom has distributed 33,700 pairs of shoes through Shoes That Fit.org, a nonprofit organization providing new shoes and other essential items to children in need, and has plans to give 10,000 shoes this year. The Company stated that under its Holiday Giving Tree program for 2013, from November 29, 2013 to December 24, 2013 customers can visit any full-line Nordstrom store or one of 36 participating Nordstrom Rack stores to find tags that list the names and shoe sizes of local children in need of new shoes and can purchase a $10 tag that will help donate one pair of new, New Balance shoes to school-aged kids around the U.S. The Full Research Report on Nordstrom Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/7e7a_JWN
Urban Outfitters Inc. Research Report
On November 18, 2013, Urban Outfitters Inc. (Urban Outfitters) reported its financial results for Q3 FY 2014 (period ended October 31, 2013). Total Company net sales increased 11.7% YoY to c.$774 million. Net income was $70.3 million or $0.47 per diluted share, compared to $59.5 million or $0.40 per diluted share in Q3 FY 2013. CEO Richard A. Hayne said, "Fueled by strong results at our Anthropologie and Free People brands, I am pleased to announce that URBN delivered record third quarter sales and operating profits. Despite this solid performance we remain cautious about the fourth quarter given the likelihood of a highly promotional environment and this year's challenging Holiday calendar." The Full Research Report on Urban Outfitters Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/f98c_URBN
American Eagle Outfitters, Inc. Research Report
On November 6, 2013, American Eagle Outfitters, Inc. (American Eagle) reported its updated Q3 FY 2013 (period ended November 2, 2013) earnings guidance. The Company expects Q3 FY 2013 diluted EPS to be $0.19 per diluted share, which excludes non-cash charges associated with closing a distribution center, versus its prior EPS expectation of $0.14 to $0.16. According to the Company, the revised outlook reflects slightly better than expected margin results. Total net revenue for Q3 FY 2013 decreased 5.8% YoY to $857 million, while total consolidated comparable sales decreased 5% YoY, including sales from AEO direct. Robert Hanson, CEO, said, "Our third quarter results are clearly unsatisfactory. Yet, in an extremely challenging environment, our bottom line results are slightly ahead of our prior expectations and we ended the period with clean inventory." The Company added that it will release its Q3 2013 earnings on December 6, 2013. The Full Research Report on American Eagle Outfitters, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/b7b7_AEO
The Children's Place Retail Stores, Inc. Research Report
On November 12, 2013, The Children's Place Retail Stores, Inc. (Children's Place) announced that in conjunction with the release of its Q3 2013 financial results, the Company will host a live conference call on November 26, 2013, at 9:30 a.m. ET. Children's Place informed that the live webcast and replay of the same will be available at the Company's website one hour after the webcast. The Full Research Report on The Children's Place Retail Stores, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/1f8d_PLCE
The Men's Wearhouse, Inc. Research Report
On November 4, 2013, The Men's Wearhouse, Inc. (Men's Wearhouse) announced its response in relation to a request by Jos. A. Bank to conduct due diligence related to the unsolicited, highly-conditional and non-binding proposal by Jos. A. Bank to acquire Men's Wearhouse. The Company stated that its Board of Directors met and in consultation with its outside financial and legal advisors, concluded that it is not in the best interest of the Company's shareholders to provide Jos. A. Bank with access to nonpublic information concerning Men's Wearhouse. The Board, while responding to the due diligence request, mentioned that the highly-conditional Jos. A. Bank $48.00 per share proposal significantly undervalues Men's Wearhouse. President, CEO and a Director of Men's Wearhouse Douglas S. Ewert said, "Our Board and management team are committed to creating value for our shareholders. We are enthusiastic about Men's Wearhouse's prospects and are confident that our strategic plan will deliver more value to our shareholders than Jos. A. Bank's inadequate, highly conditional proposal. We thank our shareholders for the support we have received." The Full Research Report on The Men's Wearhouse, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/ef39_MW
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