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TWB green and a winner...nice find and DD Mikey.....BRIG
Greek Investments is a new 5% holder of TWB:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6342643
I love the ANALysts changing their forcasts. Couple of weeks ago they had TWB at $2 They're still off.......
PRICE TARGET CHANGES: FRIEDMAN, BILLINGS & RAMSEY
Last Update: 5/21/2009 9:21:12 AM
Friedman, Billings & Ramsey issued the following share price target changes on
Wednesday:
Company Name Symbol New Trg Old Trg Current Time Span
INCREASE:
NewAlliance Bancshrs NAL $13.00 $12.00 $12.31 12 Months
Talbots TLB $4.00 $2.00 $3.18 12 Months
AMB Property AMB $16.00 $14.00 $17.72 12 Months
AvalonBay Communities AVB $55.50 $48.00 $54.95 12 Months
Duke Realty DRE $7.00 $5.00 $9.00 12 Months
EastGroup Ppties EGP $31.00 $29.00 $33.00 12 Months
Equity Residential EQR $19.50 $15.50 $22.97 12 Months
Kilroy Realty KRC $24.00 $19.50 $21.24 12 Months
Corporate Office Ppties OFC $35.00 $27.00 $29.13 12 Months
ProLogis PLD $9.50 $6.50 $8.10 12 Months
UDR UDR $10.00 $7.50 $10.15 12 Months
Washington REIT WRE $20.50 $15.50 $21.08 12 Months
Tween Brands TWB $4.00 $2.00 $4.21 12 Months
AnnTaylor Stores ANN $8.00 $7.00 $7.97 12 Months
DECREASE:
Home Depot HD $25.00 $30.00 $23.83 12 Months
BioMed Realty Trust BMR $13.00 $14.00 $10.34 12 Months
Boston Properties BXP $51.00 $39.00 $46.74 12 Months
Douglas Emmett DEI $7.00 $7.50 $9.07 12 Months
Highwoods Ppties HIW $21.50 $22.00 $22.79 12 Months
(END) Dow Jones Newswires
May 21, 2009 09:21 ET (13:21 GMT)
TWB had the biggest price increase on the NYSE today!
http://online.wsj.com/mdc/public/page/2_3021-gainnyse-gainer.html?mod=mdc_leader
Looks like that "lengthy pump job" is so far right on the money, huh?
Next time maybe you'll listen when you zero to contribute and make some money with us.
Posted by: barrybeli Date: Monday, May 18, 2009 10:20:03 PM
In reply to: None Post # of 349
Any reason to expect this to get back above $5. Still looking for reliable DD not a thesis on ridiculous valuations ( in short a lengthy pump job).
correct...holding long here as well....BRIG
Congrats on missing the easiest double ever handed to you on a silver platter.
The good news -- it will STILl go up 5-15 fold from HERE.
imo ;)
My screener is screaming!
Just reset my inverted springlefluke pattern with the "grow a pair" or send the puke bucket addendum pattern screener and it sent me here.
Who'd a thunk my $2.60 sell would look so stupid??? And me shopping for a teen...
i had a good position in ZAGG to boot...i am ill over it....BRIG
Lol....I know EXACTLY how you feel.
not really...it's hard to hold a retail stock through earnings in an ugly recession....wanna talk about an a-hole trade?...how about me owning ZAGG at 1.02....selling at 1.15 and patting myself on the back over it...now look...pass the puke bucket plzzzzz......BRIG
we are shameless that way....same with EGMI i suppose....BRIG
3 to be exact...lol...BRIG
Don't feel bad...I sold ahead of earnings and bought more EGMI. Still might work out, but look like real asshole today...lol
It only went up because you and Raw pumped it. Everone knows
that.
~NM
I'd tell you to grow some, but you already have a few
i'm ashamed of me...lol...BRIG
I'm ashamed of you
Looks awesome :)
my ONLY complaint is i don't have more shares.....gutless on my part....BRIG
I traded it a couple of times but no more of that. Will hold for the big prize now.
Excellent news!
TWB -- 2 bags down, 8-28 to go:
Posted by: Rawnoc Date: Wednesday, April 08, 2009 11:52:03 PM
In reply to: Rawnoc who wrote msg# 17 Post # of 327
Why I think TWB will be a mega-bagger (10 - 30 bagger) from 2.14 posting:
TWB = turnaround play operating in a recession-resistant industry (discount Tween retail clothes -- kids grow and need new clothes) that found a niche Brand among the Tween market that's doing amazingly well during both good & bad economic times. Formerly Limited Too, a very successful brand over the last 20 years, TWB developed the Justice-store concept 4-5 years ago with amazing success. TWB has almost completed changing all of their Limited Too stores to the much more successful Justice stores which will immediately more than triple the number of Justice stores they have from 266 to over 900. Do a little research, and you'll discover that the Justice Brand is quickly becoming a cult-like obsession among the Tween market. From Crox to Heelys, these tween fad fashion trends can make companies and their stockholders quite wealthy in their first few years.
TWB is over 90% off its high in the normal $40+ range which it was under the less successful Limited Too brand and therefore I think represents a huge bargain with their Justice Brand looking to top the Limited Too Brand's success all the while liquidity-rich, low debt, $3/share in cash with a fully tangible book value over $7/share. As a huge bonus as part of the major turnaround, they have recently successfully renegotiated lower lease payments with many of locations, the Justice products sell for 20-25% less than the Limited Too brand (which makes them more appealing to cost-conscious parents) while the stores themselves are substantially cheaper to operate for a savings according to an 8/08 PR of .80-1.00 per share straight to the bottom line vs. the Limited Too concept which is an incredible savings since the Limited Too Brand normally earned $2-3 per share in earnings. I can see them eventually (2010 ??) earning $3-$5 per share just getting back to the RECENT level of Limited Too success with the lower cost, higher popularity Justice brand with a PE of 10-20 would make them a 10-30 bagger.
The company confirms basically in their PRs & calls what my research indicates -- that Limited Too was a fantastic fad that began in 1987 and had an amazing 20 year run but Justice is the "next big thing" vs. Limited Too is now more of a has-been. Same store sales of Limited Too were shrinking while at Justice they were growing since the first Justice Brand store was established by TWB just 5 years ago.
Short-term catalyst: NYSE compliance requires $75 million market cap which is around $3/share. Once it reaches $75 million it satisfies it again and another PR about regaining compliance could be forthcoming.
Swing-trade over the next few months/quarters and maybe longer: I think analysts & investors will wake up to what's going on with this fantastic company and greatly raise their 2010 EPS estimates which will in turn help launch the stock. Near the end of March, the average market cap of the stock per store was extremely cheap vs. many other big name female clothing stores such as:
TWB (Tween Brands) -- $65,000
PSUN (Pacific Sun) -- $115,000
ANN (Ann Taylor) -- $321,000
HOTT (Hot Topic) -- $568,000
PLCE (the Children's Place) -- $763,000
LTD (The Limited) -- $980,000
ARO (Aeropostale) -- $2,060,000
GPS (Gap) -- $2,910,000
GES (Guess?) -- $3,800,000
i'm not selling a share and i'm angry at myself i didn't load more shares on each shake out.....10 bagger here imo....BRIG
TWB has turned the corner...thanks for the heads up on it at 2 bucks....BRIG
LOL!
you thinking of selling today or holding?
Brapid?...new word?...lol....BRIG
yes sir
brave or stupid, not sure which ;)
Earnings kicked butt.
so you held through earnings as well?....BRIG
wowza TWB looking good today!!!
1/2 hr in and we've already beat daily vol.
TWB and the inverted spinglefluke chart pattern...what can i say?....BRIG
They think they will have improving comps over the next few quarters.
I picked up a few shares of TWB at $4.20.
KABOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!!!!!!!!!!!!
Tween Brands beats by $0.13, misses on revs
Reports Q1 (Apr) loss of $0.06 per share, $0.13 better than the First Call consensus of ($0.19); revenues fell 18.5% year/year to $205.2 mln vs the $220.8 mln consensus. Results were driven predominantly by a 23% decline in comparable store sales. The decline is attributable to the ongoing macroeconomic pressures and the strong performance associated with Webkinz in 2008. Total inventories at the end of the first quarter were down 22.5% per square foot at cost, compared to total inventories at the end of the first quarter 2008. In-store inventories for the first quarter were down 23.4% per square foot at cost as compared to first quarter 2008.
Tween Brands Reports First Quarter 2009 Results
Company reports first quarter loss of $0.06 per share
Tight inventory and expense control demonstrates ability to navigate turbulent economy
Significant progress made on transition to Justice store brand
Company ends first quarter 2009 with cash and equivalents totaling $84 million and total inventory down 22.5% per square foot at cost
On Wednesday May 20, 2009, 8:00 am EDT
NEW ALBANY, Ohio--(BUSINESS WIRE)--Tween Brands, Inc. (NYSE: TWB - News) today reported a first quarter loss of $1.4 million, or $0.06 per diluted share, compared to earnings of $4.3 million, or $0.17 per diluted share for the same period last year.
As we had anticipated, the economy continued to negatively impact our sales in the first quarter of 2009. Because we have taken significant costs out of our business and have tightly controlled our inventory levels, we were able to limit the erosion of the bottom line in a weak sales environment. While we reported a loss for the period, our sales performance was in line with our internal forecast and our expense management exceeded our internal forecast, placing us on track to comfortably satisfy our credit facility covenants,” said Michael Rayden, Tween Brands chairman and chief executive officer.
“We have made significant progress on the physical transition to the Justice store brand. The vast majority of our stores have completed the signage changes and the merchandise has been completely refreshed and converted. As our customers become accustomed to the change, we will be working to calibrate the price-value equation and our marketing efforts to drive sales activity,” said Rayden.
Quarter Performance Analysis
Net sales for the first quarter of fiscal 2009 declined 18% to $205.2 million compared to 2008 driven predominantly by a 23% decline in comparable store sales. The decline is attributable to the ongoing macroeconomic pressures and the strong performance associated with Webkinz in 2008.
Gross income for the first quarter of fiscal 2009 totaled $65.0 million, or 31.7% of net sales. This compares to first quarter 2008 gross income of $86.3 million, or 34.3% of net sales. The year-over-year decline as a percentage of net sales was primarily attributable to the inability to leverage the $4.1 million decline in buying and occupancy expense against the sharp decline in sales. In addition, as a result of tighter inventory management, markdowns were reduced over last year. This mitigated the anticipated pressure the expected initial mark-up (“IMU”) decline associated with the transition to the Justice brand would have otherwise had on merchandise margin.
Store operating, general and administrative expenses declined substantially to $62.9 million from $77.9 million in 2008. The majority of the decline was associated with reductions in store payroll, home office headcount, and marketing expense. Despite the 18% decline in net sales, SG&A improved by 20 basis points as a percentage of net sales.
Net interest expense was $3.9 million for the first quarter of fiscal 2009 compared to $1.8 million in 2008. The increase was primarily due to higher interest rates in 2009 related to the higher interest rate included in the Company’s February 23, 2009 amended credit facility.
An income tax benefit of $0.4 million was recognized in the first quarter of fiscal 2009 due to the pretax loss of $1.8 million as compared to the $2.4 million tax provision recognized in conjunction with the pretax income of $6.7 million in 2008.
Capital Investment Guidance
Capital expenditures for the first quarter of 2009 were $4.3 million as compared to $21.5 million for the same period in 2008. Capital expenditures for 2009 net of cash tenant allowances received are expected to be approximately $10 million. This is primarily composed of store signage changes of $4.4 million, and new store openings as well as remodels.
Balance Sheet
At May 2, 2009 the Company had total current assets of $225.4 million, including $84.3 million in cash and equivalents, and total current liabilities of $90.9 million. Long term debt was $164.8 million inclusive of $14.3 million in current maturities of long term debt. The Company’s current ratio was 2.48 and the debt-to-equity ratio was 0.94.
Controlled Inventories
Total inventories at the end of the first quarter were down 22.5% per square foot at cost, compared to total inventories at the end of the first quarter 2008. In-store inventories for the first quarter were down 23.4% per square foot at cost as compared to first quarter 2008.
Store Growth and Conversions
Tween Brands ended the quarter with 910 stores. During the first quarter 2009, the company closed 4 stores and 3 stores were remodeled. Of the 910 stores, 867 currently display the Justice signage.
Conference Call Information
The Company will host a conference call beginning at 9:00 a.m. EDT today to discuss this announcement and operating results for the first quarter ended May 2, 2009. The phone number for the live call is 877-407-8033 (international callers should use 201-689-8033). Reference the Tween Brands first quarter 2009 earnings conference call when dialing in to access the call. Interested participants should call a few minutes before the 9:00 a.m. start in order to be placed in the queue.
A telephonic replay of the call will also be available through midnight, June 3, 2009 at 877-660-6853. The account #286 and ID #322170 are required for access to the replay.
Webcast
This call is also being webcast over the Internet by Thomson and is being distributed over their investor distribution network. Individual investors can listen to the webcast at http://www.earnings.com. Institutional investors can access the webcast at http://www.streetevents.com. The webcast will also be available at the Events Calendar page of Tween Brands' corporate Web site, http://www.tweenbrands.com.
About Tween Brands, Inc.
Headquartered in New Albany, Ohio, Tween Brands (NYSE:TWB - News) is the largest premier tween specialty retailer in the world. Through powerhouse brands Justice and Limited Too, Tween Brands provides the hottest fashion merchandise and accessories for tween (age 7-14) girls.
Known as the destination for fashion-aware tweens, Justice proudly features outgoing sales associates who assist girls in expressing their individuality and self-confidence through fashion. Visually-driven catazines and direct mail pieces reach millions of tween girls annually, further positioning Tween Brands as a preeminent retailer in the tween marketplace.
Over 900 Justice stores are located throughout the United States and internationally. Additionally, Tween Brands offers its fashions to tween girls and their parents through its e-commerce site, www.shopjustice.com <http://www.shopjustice.com/>.
In August 2008 Tween Brands announced plans to transition to a single brand taking the best of Limited Too and the best of Justice to create a fresh, new Justice. Select Justice stores now carry a Limited Too clothing line and these apparel items can also be found online at <http://www.shopjustice.com/>.
With a focus on providing tween girls the absolute best experience possible, Tween Brands looks toward the future with a single store brand, a single focus, and a mission: to celebrate tween girls through an extraordinary experience of fashion and fun in an everything for her destination.
For more information visit www.tweenbrands.com <http://www.tweenbrands.com/> and <http://www.shopjustice.com/> .
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains various "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). Such statements can be identified by the use of the forward-looking words "anticipate," "estimate," "project," "target," "predict," "believe," "intend," "plan," "expect," "hope," "risk," "could," "pro forma," "potential," "prospect," "forecast," "outlook" or similar words. These statements discuss future expectations, contain projections regarding future developments, operations or financial conditions, or state other forward-looking information. These forward-looking statements involve various important risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed. The following factors, among others, could affect our future financial performance and cause actual future results to differ materially from those expressed or implied in any forward-looking statements included in this press release:
- Effectiveness of converting Limited Too stores to Justice stores;
- Ability to convert Limited Too customers to the Justice brand;
- Risk that the benefits expected from the brand conversion program will not be achieved or may take longer to achieve than expected;
- Ability to grow or maintain comparable store sales;
- Decline in the demand for our merchandise;
- Ability to develop new merchandise;
- The impact of competition and pricing;
- Level of mall and power center traffic;
- Effectiveness of expansion into new or existing markets;
- Effectiveness of store remodels;
- Availability of suitable store locations at appropriate terms;
- Effectiveness of our brand awareness and marketing programs;
- Ability to enforce our licenses and trademarks;
- Ability to hire, retain, and train associates;
- Ability to successfully launch a new brand;
- A significant change in the regulatory environment applicable to our business;
- Risks associated with our sourcing and logistics functions;
- Changes in existing or potential trade restrictions, duties, tariffs or quotas;
- Currency and exchange risks;
- Changes in consumer spending patterns, consumer preferences and overall economic conditions;
- Ability to comply with restrictions and covenants in our credit facility;
- The potential impact of health concerns relating to severe infectious diseases, particularly on manufacturing operations of our vendors in Asia and elsewhere;
- Impact of modifying and implementing new information technology systems, particularly on the security of our computer network;
- Outcome of various legal proceedings;
- Impact of product recalls;
- Acts of terrorism in the U.S. or worldwide; and
- Other risks as described in other reports and filings we make with the Securities and Exchange Commission.
Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. Therefore, there can be no assurance the forward-looking statements included herein will prove to be accurate. The inclusion of forward-looking statements should not be regarded as a representation by us, or any other person, that our objectives will be achieved. The forward-looking statements made herein are based on information presently available to us as the management of Tween Brands, Inc. We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
Company home page: www.tweenbrands.com
Tween Brands, Inc.
Consolidated Statements of Operations
For the Thirteen Weeks Ended May 2, 2009 and May 3, 2008
(unaudited, in thousands, except per share amounts)
Thirteen Weeks Ended Thirteen Weeks Ended
May 2, % of May 3, % of
2009 Sales 2008 Sales
Net sales $ 205,225 100.0 % $ 251,738 100.0 %
Cost of goods sold, including buying and occupancy costs
140,234 68.3 % 165,397 65.7 %
Gross income 64,991 31.7 % 86,341 34.3 %
Store operating, general and administrative expenses
62,949 30.7 % 77,893 30.9 %
Operating income 2,042 1.0 % 8,448 3.4 %
Interest (income) (114 ) (0.1 %) (560 ) (0.2 %)
Interest expense 3,988 2.0 % 2,341 1.0 %
(Loss)/Earnings before income taxes (1,832 ) (0.9 %) 6,667 2.6 %
(Benefit from)/Provision for income taxes (397 ) (0.2 %) 2,387 0.9 %
Net (Loss)/Income $ (1,435 ) (0.7 %) $ 4,280 1.7 %
(Loss)/Earnings per share:
Basic $ (0.06 ) $ 0.17
Diluted $ (0.06 ) $ 0.17
Weighted average common shares:
Basic 24,810 24,735
Diluted 24,810 25,061
Tween Brands, Inc.
Consolidated Balance Sheets
As of May 2, 2009 and January 31, 2009
(unaudited, in thousands, except share amounts)
May 2, January 31,
2009 2009
ASSETS
Current Assets:
Cash and equivalents $ 84,279 $ 72,154
Investments - 8,000
Restricted assets 2,267 2,592
Accounts receivable, net 27,953 35,607
Inventories, net 76,741 88,523
Store supplies 17,703 18,053
Prepaid expenses and other current assets 16,468 17,734
Total current assets 225,411 242,663
Property and equipment, net 295,270 301,085
Deferred income taxes 37 22
Other assets 3,825 1,688
Total assets $ 524,543 $ 545,458
LIABILITIES
Current Liabilities:
Accounts payable $ 18,999 $ 29,782
Accrued expenses 40,576 44,418
Deferred revenue 14,724 15,808
Current portion long-term debt 14,250 8,750
Income taxes payable 2,343 2,748
Total current liabilities 90,892 101,506
Long-term debt 150,500 157,500
Deferred tenant allowances from landlords 66,158 68,439
Supplemental retirement and deferred compensation liability 978 1,213
Accrued straight-line rent and other 41,441 41,027
Commitments and contingencies
SHAREHOLDERS' EQUITY
Preferred stock, $.01 par value, 50 million shares authorized
Common stock, $.01 par value, 100 million shares authorized, 37.1 million shares issued and 24.8 million shares outstanding at May 2, 2009 and January 31, 2009
371 371
Treasury stock, at cost, 12.3 million shares at May 2, 2009 and January 31, 2009
(362,459 ) (362,459 )
Paid in capital 192,616 192,367
Retained earnings 349,528 350,963
Accumulated other comprehensive income (5,482 ) (5,469 )
Total shareholders' equity 174,574 175,773
Total liabilities and shareholders' equity $ 524,543 $ 545,458
Tween Brands, Inc.
Other Financial and Store Operating Information
(unaudited, dollars in thousands)
Thirteen Weeks Ended
May 2, May 3, %
2009 2008 Change
Gross income $ 64,991 $ 86,341 -25 %
Gross income as percentage of net sales 31.7 % 34.3 %
Depreciation expense $ 10,888 $ 10,375 5 %
Amortization of tenant allowances $ (3,016 ) $ (2,863 ) 5 %
Capital expenditures $ 4,252 $ 21,527 -80 %
Number of stores:
Beginning of period 914 842
Opened - 28
Closed (4 ) (3 )
End of period 910 867
Total gross square feet at period end (thousands) 3,810 3,621
Comparable store sales % change -23 % -1 %
lol...if so i'll add shares....BRIG
Tomorrow morning is TWB's quarterly crash:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37771949
The inverted spinglefluke beats americanbulls.com. TWB +15.22%
Posted by: the big guy Date: Saturday, May 16, 2009 1:26:57 PM
In reply to: None Post # of 308
from americanbulls.com:
Today a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Harami Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is low and it definitely requires confirmation.
Funny, I entered spinglefluke and that site does not even know what it is... you would think they would keep these sites up-to-date.
Any reason to expect this to get back above $5. Still looking for reliable DD not a thesis on ridiculous valuations ( in short a lengthy pump job).
i am the master of all fluke chart patterns....BRIG
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Tween Brands, Inc. and its subsidiaries operate as a specialty retailer for tween girls in the United States. It primarily operates two specialty retailing concepts under the ?Limited Too' and ?Justice' brand names. The company offers apparel, such as jeans, other pants, skirts, shorts, and other denim and woven bottoms; knit tops and tee-shirts; dresses and outerwear; and accessories, including jewelry, hair ornaments, hats, key chains, wallets, backpacks, purses, belts, backpacks, and watches. Tween Brands also provides footwear, such as slippers, sandals, flip-flops, boots, and shoes; lifestyle products, including bedroom furnishings, music, stationery, electronic toys, games, candy, and party favors; girl care products, such as age-appropriate cosmetics and toiletries; and underwear, sleepwear, and swimwear for girls aged 7 to 14 years. The company also offers its products through its Web site, limitedtoo.com. As of February 3, 2007, it operated 563 Limited Too stores in 46 states and Puerto Rico; and 159 Justice stores in the United States. The company also licenses approximately 22 Limited Too stores in the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, and Qatar, as of the above date. Tween Brands was founded in 1987. It was formerly known as Too, Inc. and changed its name to Tween Brands, Inc. in July 2006. The company is headquartered in New Albany, Ohio.
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