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Friday, March 15, 2024

Insider Trading Fri 3/15/24

Notable purchases -- Executive Chairman adds to GEO; notable sales -- President/CEO active in WAB

Buyers:

  • ANIX Chief Executive Officer bought 30,000 shares at $3.22 worth nearly $100K.
  • COMM Director bought 149,427 shares at $1.58 - $1.60 worth ~$238K.
  • CROX Director bought 1,972 shares at $126.725 - $126.77 worth ~$250K.
  • GEO Executive Chairman bought 50,000 shares at $12.465 - $12.50 worth approx. $624K.
  • TBRG 10% owner bought 328,814 shares at $8.75 - $10.00 worth ~$3.1 mln.

Sellers:

  • ATKR VP, Chief HR Officer sold 6,500 shares at $176.00 - $176.22 worth approx. $1.1 mln.
  • DFH 10% owner sold 50,000 shares at $37.70 - $41.72 worth more than $2 mln.
  • MLM EVP, General Counsel and Secretary sold 10,000 shares at $602.13 - $604.08 worth ~$6.0 mln.
  • WAB President and CEO sold 40219 shares at $140.50 - $141.00 worth ~$5.7 mln.

Unusual Options Activity Fri 3/15/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.


Bullish Call Activity:

  • VFC March 14.5 Calls (volume: 2523, open int: 85, implied vol: ~125%, prev day implied vol: 65%). Co is expected to report earnings mid May.
  • ARMK March 31 Calls (volume: 2405, open int: 9, implied vol: ~135%, prev day implied vol: 22%). Co is expected to report earnings early May.

Bearish Put Activity:

  • Z March 51 Puts are seeing interest with the underlying stock down 15% (volume: 1438, open int: 0, implied vol: ~256%, prev day implied vol: 54%). Co is expected to report earnings early May.
  • USFD March 55 Puts (volume: 1250, open int: , implied vol: ~177%, prev day implied vol: 20%). Co is expected to report earnings early May.

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (14.40, +0.65, +4.73%).
March 15 is options expiration -- the last day to trade March equity options.

Wednesday, March 13, 2024

==ZIM Integrated Shipping Services Ltd. (ZIM) reported earnings on Wed 13 March 24 (b/o)

 


ZIM: Q4 Earnings Snapshot

HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Wednesday reported a loss of $148.4 million in its fourth quarter.

On a per-share basis, the Haifa, Israel-based company said it had a loss of $1.23.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.33 per share.

The container shipping company posted revenue of $1.21 billion in the period.

For the year, the company reported a loss of $2.7 billion, or $22.42 per share. Revenue was reported as $5.16 billion.

===Vera Bradley (VRA) reported earnings on Wed 13 March 24 (b/o)

 

ROANOKE, Ind. (AP) — ROANOKE, Ind. (AP) — Vera Bradley Inc. (VRA) on Wednesday reported a loss of $1.9 million in its fiscal fourth quarter.

On a per-share basis, the Roanoke, Indiana-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 11 cents per share.

The handbag and accessories company posted revenue of $133.3 million in the period.

For the year, the company reported profit of $7.8 million, or 25 cents per share. Revenue was reported as $470.8 million.

Dollar Tree (DLTR) reported earnings on Wed 13 March 24 (b/o)

  • The company also announced it was closing 1,000 stores: 600 Family Dollar locations in the first half of fiscal 2024 and an additional 370 Family Dollar locations and 30 Dollar Tree stores as their leases expire in the coming years.


Dollar Tree misses by $0.12, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY25 EPS in-line, revs in-line 
  • Reports Q4 (Jan) earnings of $2.55 per share, excluding non-recurring items, $0.12 worse than the FactSet Consensus of $2.67; revenues rose 11.9% year/year to $8.63 bln vs the $8.66 bln FactSet Consensus.
    • Enterprise same-store net sales increased +3.0% (generally in-line with prior guidance of low single digit growth), driven by a +4.6% increase in traffic, partially offset by a -1.5% decline in average ticket.
      • Dollar Tree segment comps +6.3% (vs mid-single digit prior guidance), driven by a +7.1% increase in traffic, partially offset by a -0.7% decline in average ticket.
      • Family Dollar segment comps decreased -1.2% (below -1% to +1% prior guidance), driven by a +0.7% increase in traffic, partially offset by a -2.0% decline in average ticket.
  • Co issues guidance for Q1 (Apr), sees EPS of $1.33-1.48 vs. $1.71 FactSet Consensus; sees Q1 revs of $7.6-7.9 bln vs. $7.68 bln FactSet Consensus.
    • Guidance based on a low-to-mid-single digit increase in same-store sales for the enterprise and the Dollar Tree segment and approximately flat same-store sales growth for the Family Dollar segment.
  • Co issues in-line guidance for FY25, sees EPS of $6.70-7.30 vs. $7.04 FactSet Consensus; sees FY25 revs of $31.0-32.0 bln vs. $31.72 bln FactSet Consensus.
    • The Company expects to deliver a low-to-mid-single digit comparable store net sales increase for the year, comprised of a mid-single-digit increase in the Dollar Tree segment and a low-single-digit increase in the Family Dollar segment.