FBR Capital Revises Numbers on Coldwater Creek (CWTR); Cash Infusion, Credit Facility Extension, Negative Q1 Comps
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Price: $0.06 --0%
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
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FBR Capital maintains a 'Market Perform' on Coldwater Creek, Inc. (NASDAQ: CWTR), PT lowered from $2.50 to $2.
FBR analyst said, "Coldwater Creek continues to report double-digit negative comps while it announced on May 17 the completion of a cash infusion of approximately $15 million for cash flow purposes. We hope Jill Dean's leadership will positively affect the company's merchandise assortment in 2H11. If the fall assortment gains traction with the company’s customer base, we hope to see gross margins return above the 30% mark."
"The Company reported preliminary 1Q11 EPS results in the range of ($0.32)
to ($0.34), below our estimate of ($0.03) and consensus of ($0.08)...We are revising our 2Q11 estimate to ($0.19) from $0.02. CY11 is now ($1.05)."
For more ratings news on Coldwater Creek, Inc. click here and for the rating history of Coldwater Creek, Inc. click here.
Shares of Coldwater Creek, Inc. closed at $2.91 yesterday.
FBR analyst said, "Coldwater Creek continues to report double-digit negative comps while it announced on May 17 the completion of a cash infusion of approximately $15 million for cash flow purposes. We hope Jill Dean's leadership will positively affect the company's merchandise assortment in 2H11. If the fall assortment gains traction with the company’s customer base, we hope to see gross margins return above the 30% mark."
"The Company reported preliminary 1Q11 EPS results in the range of ($0.32)
to ($0.34), below our estimate of ($0.03) and consensus of ($0.08)...We are revising our 2Q11 estimate to ($0.19) from $0.02. CY11 is now ($1.05)."
For more ratings news on Coldwater Creek, Inc. click here and for the rating history of Coldwater Creek, Inc. click here.
Shares of Coldwater Creek, Inc. closed at $2.91 yesterday.
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