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Non-Tech : Coldwater Creek Inc. (CWTR) -- Ignore unavailable to you. Want to Upgrade?


To: pcyhuang who wrote (12)4/4/2007 8:51:36 AM
From: Neil H  Respond to of 21
 
Looks like it is going up again as per the trend you noted. Based on this upgrade.

Ahead of the Bell: Coldwater Creek
Wednesday April 4, 8:18 am ET
Banc of America Securities Lifts Coldwater Creek, Likes Stock Price and Growth Prospects

NEW YORK (AP) -- A Banc of America Securities analyst lifted her rating on clothing retailer Coldwater Creek Inc., citing a recent fall in share price, improving traffic trends and long-term growth prospects.



Analyst Amy W. Noblin boosted Coldwater to "Buy" from "Neutral," noting a 35 percent decline in the stock price from a November high. She raised her target price to $26 from $18.

In addition, the company is seeing more customer traffic, attracted by updated summer merchandise, which could contribute to a first-quarter earnings beat if it continues, Noblin wrote.

Recent missy clothing sector weakness hurt Coldwater Creek, but the company held up better than competitors, while its long-term prospects for growth remain strong, the analyst said.

"CWTR has proven not to be immune to the weak traffic levels in the missy channel, which we think has been driven by a lack of overall excitement in apparel and the department stores taking back some share," wrote Noblin.

Upcoming catalysts include new store openings, direct sourcing initiatives, and growing market share due to new marketing programs, the analyst said.

Coldwater rose $2.47, or 12 percent, to $22.97 in premarket trading

Regards

Neil



To: pcyhuang who wrote (12)5/30/2007 10:11:40 AM
From: Neil H  Read Replies (1) | Respond to of 21
 
Apparel retailer Coldwater Creek Inc. (CWTR.O: Quote, Profile , Research) posted a higher quarterly profit that beat its own forecast, driven by solid response to its spring merchandise and cost-control measures.

Shares of the company were up more than 12 percent at $23.47 in late electronic trade after closing at $20.90 Tuesday on the Nasdaq.

The company reported first-quarter net income of $12.0 million, or 13 cents a share, compared with $11.6 million, or 12 cents a share, a year earlier.



Net sales rose 30.7 percent to $281.3 million.

In February, Coldwater Creek had forecast first-quarter earnings of 7 cents to 9 cents a share on net sales of $260 million to $265 million.

Analysts on average expected earnings of 9 cents a share, before exceptional items, on revenue of $264.5 million, for the latest first quarter, according to Reuters Estimates.

"We added new stores and gained additional market share during the period, despite the challenging traffic-related environment which continues to impact the women's specialty apparel sector," Chief Executive Dennis Pence said in a statement.

Sales at stores open at least a year rose 7.3 percent for the three-month period ended May 5.

The company said it opened 12 premium retail stores during the first quarter