US HOT STOCKS: Thor Industries, Equity Residential, AvalonBay Active in Late Trading
Ugg Boots Outlet UK U.S. stocks closed mixed Monday, as the Dow Jones Industrial Average shed 42 points to 12967, the Standard & Poor's 500-stock index dropped 2.9 points 1406, and the Nasdaq Composite gained 9.9 points to 2977. Among the companies with shares actively trading after hours are Thor Industries Inc. (THO), Equity Residential (EQR) and AvalonBay Communities Inc. (AVB)
Thor's fiscal first-quarter profit rose 39% as the company reported a double-digit sales gain in its recreational vehicle business. However, shares fell 8.3% to $40 after hours as earnings missed analyst expectations.
Equity Residential and AvalonBay are acquiring Archstone Enterprise LP, a portfolio of apartment properties, from Lehman Brothers Holdings Inc. for a total of around $6.5 billion in cash and stock. Equity Residential plans to issue 34.5 million shares to help fund the deal, while AvalonBay said it plans to offer 14.5 million shares. Equity Residential shares were off 2.6% to $53.01 after hours, while AvalonBay shares slipped 1.5% to $127 after hours.
Cheap Ugg Boots Sale UK Las Vegas Sands Corp.'s (LVS) board has approved a special dividend of $2.75 a share, as the casino operator looks to boost shareholder returns. Shares jumped 4.6% to $46.06 after-hours.
Regular Session Movers:
Janney downgraded shares of teen retailer Aeropostale Inc. (ARO, $13.77, -$0.68, -4.71%) to neutral from buy and cut its valuation estimate $1 to $14 ahead of Wednesday's third-quarter report, citing "strong product acceptance" at competitor American Eagle Outfitters Inc. (AEO, $19.48, -$0.20, -1.02%) and a potential turnaround at Abercrombie & Fitch Co. (ANF, $44.57, +$0.17, +0.38%), which could mean reduced demand at Aeropostale. The investment bank contended current valuation is right "until we see more-consistent product execution" and sales growth. Janney also argued Aeropostale still lacks depth in the fast-fashion and fashion-basics categories.
ugg boots sale uk genuine Ann Taylor operator Ann Inc. (ANN, $32.76, -$1.27, -3.73%) may deliver good third-quarter results on Wednesday, but Sterne Agee warns the retailer's "slow Black Friday sales" may be visible in its fourth-quarter guidance. The women's apparel company also operates about 13% of its stores in Sandy-affected states of New York, New Jersey and Connecticut, and its e-commerce site was down for several days during the aftermath of the storm, the firm said.
Citigroup initiated coverage of Apple Inc. (AAPL, $589.53, +$18.03, +3.15%) at buy and assigned it a price target of $675. The Citi analysts wrote that Apple's recent correction is "consistent with the average correction in its own history." Citi found that such corrections are usually followed by a 20% to 50% rise in the following year.
Financial services company BancorpSouth Inc. (BXS, $13.01, -$0.55, -4.06%) said its board of directors unanimously appointed James D. Rollins III as the company's new chief executive. Mr. Rollins served as president and chief operating officer of Prosperity Bancshares (PB, $40.80, -$0.42, -1.02%).
Uggs For Sale UK Morgan Stanley said a new CEO at BancorpSouth means a sale is less likely and adds that Rollins has his work cut out there as BancorpSouth is "currently not earning its cost of capital."
Apparel and accessories retailer Chico's FAS Inc. (CHS, $18.24, -$0.52, -2.77%) received a downgrade from FBR Capital to market perform from outperform and a lowered price target to $18 from $20. The firm said in a note to clients that "risk/return is balanced at these levels and investors would rather look at easy margin recovery stories in 2013." Comparisons also get more difficult for the remainder of fourth-quarter 2012, the firm added.
Cytokinetics Inc. (CYTK, $0.67, +$0.01, +1.53%) said data from a trial of its tirasemtiv drug to treat patients with generalized myasthenia gravis were positive.
Ugg Boots Outlet Store After a steep stock decline this year, Deckers Outdoor Corp. (DECK, $35.25, +$2.17, +6.56%) could be an attractive acquisition target for private-equity firms and rivals like VF Corp. (VFC, $157.28, -$1.25, -0.79%), Bloomberg News reported. The maker of UGG and Teva brand shoes has the cheapest valuation of any U.S. footwear and accessories maker larger than $1 billion, according to data compiled by Bloomberg. A spokesman for the company didn't respond to a request for comment. Wedbush raised its target on Deckers to $40, pointing to encouraging sales over the crucial Black Friday sales weekend.
DreamWorks Animation SKG Inc. (DWA, $17.11, -$0.94, -5.21%) received a downgrade from Caris to below average from average after the studio's latest theatrical release, "Rise of The Guardians" grossed "a shockingly low" $24 million "over the standard three-day frame," and a "mere" $32.6 million during the five-day Thanksgiving weekend. The firm had forecasted $43 million and $65 million, respectively, "which we felt were reasonable give than there was little competition in the family CGI animation genre," the firm said in a note to clients.
Cheap ugg boots online The weak debut also prompts Caris to cut its price target to $15 from $20.
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