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Market Update

Dick’s Sporting Rises; American Eagle, Ferrellgas, Urban Outfitters Drop


Author: Mukesh Buch
ticker.com
Last Update: 11:16 AM ET March 11 2014

11:10 AM New York – American Eagle declined on cautious outlook. Dick’s Sporting net jumped 7% after revenue climbed. Ferrellgas Partners net rose 3%. Park-Ohio Holdings profit climbed 15%. Urban Outfitters net jumped 7%. United Natural Foods net soared 24%.

American Eagle Outfitters (AEO) declined 6.1% or 87 cents to $13.33 after the apparel retailer reported total revenue in the fourth-quarter ending on February 1 dropped 7% to $1.04 billion. Comparable store sales in the quarter plummeted 7% on harsh weather conditions.

Net income in the quarter plunged 88.9% to $10.5 million or 5 cents a diluted share compared to $94.8 million or 47 cents.

Dick’s Sporting Goods Inc (DKS) gained 1.9% or $1.03 to $55.34 after the sporting goods and apparel retailer revenue in the fourth-quarter ending on February 1 soared 7.9% to $1.95 billion. Same store sales in the quarter climbed 7%.

Net income in the quarter jumped 7.1% to $138.6 million or $1.11 a diluted share compared to $129.7 million or $1.03.

Ferrellgas Partners, L.P (FGP) dropped 3.6% or 88 cents to $23.25 after the propane distributor said sales in the second-quarter ending in January climbed 32% to $869.7 million.

Net income in the quarter rose 3% to $56.8 million or 76 cents a diluted share compared to $55.1 million or 73 cents.

Park-Ohio Holdings Corp (PKOH) slipped 2.2% or $1.15 to $51.50 after the engineered industrial products maker reported total sales in the fourth-quarter ending in December climbed 13% to $309.4 million.

Net income in the quarter climbed 15.5% to $8.9 million or 72 cents a diluted share compared to $7.7 million or 63 cents.

Urban Outfitters, Inc (URBN) plunged 5.1% or $1.93 to $35.58 after the lifestyle specialty retailer stated total net sales in the fourth-quarter ending in January advanced 6% to $906 million. Comparable store sales in the quarter increased 1%.

Net income in the quarter jumped 7.5% to $88.7 million or 59 cents a diluted share compared to $82.5 million or 56 cents.

United Natural Foods, Inc (UNFI) fell 4 cents to $75.35 after the food supplements and vitamins retailer said net sales in the second-quarter ending on February 1 surged 14% to $1.65 billion.

Net income in the quarter soared 24% to $28.1 million or 56 cents a diluted share compared to $22.6 million or 46 cents.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc