This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Retail Winners: Nike, GameStop, Borders

NEW YORK ( TheStreet) -- There are some big retail movers Thursday afternoon, as earnings season winds down for the sector.

One of the day's biggest gainers is Stein Mart (SMRT - Get Report), which is surging by 12.8% to $10.66 after it reported fourth-quarter results that topped estimates.

During the quarter, the department store swung to a profit of $2.7 million, or 6 cents a share, compared with a loss of $56.2 million, or $1.35, in the year-ago period. Excluding store closing and impairment charges of 13 cents per share, Stein Mart's profit was 19 cents, higher than the 17 cents a share analysts forecast.

Stein Mart's sales fell 6% to $341.8 million, while its same-store sales declined 6%.

GameStop (GME - Get Report) is also spiking on its better-than-expected earnings and optimistic guidance.

During the quarter, GameStop earned $215.9 million, or $1.29 a share, a 7% decline compared with $232.3 million, or $1.39, in the year-ago period. Analysts expected the video game retailer to earn $1.28 a share.

The company attributed the profit decline to weak same-store sales during the all-important holiday season, which tumbled 7.9%. Still, revenue increased to $3.52 billion from $3.49 billion in the prior year.

Looking ahead, however, GameStop foresees full-year earnings in the range of $2.58 to $2.68 a share, significantly higher than Wall Street's forecast of $2.26 a share.

Shares of GameStop are growing 7.7% to $21.39.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BKS $8.34 1.80%
GME $26.97 1.10%
NKE $56.34 0.61%
SMRT $6.58 0.46%
ROST $53.64 2.10%


Chart of I:DJI
DOW 15,954.93 +294.75 1.88%
S&P 500 1,860.28 +31.20 1.71%
NASDAQ 4,327.2480 +60.4110 1.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs