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Financial Results, Scheduled Conferences, Earnings Guidance, Donations, and Acquisition Offers - Research Report on Nordstrom, Urban Outfitters, American Eagle, Children's Place and Men's Wearhouse


News provided by

Analysts' Corner

Nov 26, 2013, 08:00 ET

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NEW YORK, November 26, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

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

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.analystscorner.com/

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