This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Stocks to Watch: Urban Outfitters, Lennar (Update 1)

NEW YORK ( TheStreet) -- Urban Outfitters (URBN - Get Report), the specialty retailer, said CEO Glen Senk has resigned.

>Senk had been CEO of Urban Outfitters since May 2007. The Philadelphia-based retailer named Richard Hayne, its chairman and president, as the company's new CEO.

Senk is leaving to pursue another opportunity but will stay with the company for an unspecified period of time to assist with the management transition, the company announced. Senk also resigned from the board.

The stock was tumbling 16% to $24.76 in premarket trading.


Lennar (LEN - Get Report), the homebuilder, reported a profit of 16 cents a share in the fourth quarter, missing by a penny the average estimate of analysts, but topped analysts' views for revenue.

The company said revenue jumped 11% from last year to $952.7 million, beating analysts' estimates of $914 million, according to Thomson Reuters.

A year earlier, Lennar earned 17 cents a share on revenue of $860.1 million.

The company also reported that new orders rose 20% to 3,027 homes, while the Miami-based company's backlog, an indication of future business, grew 35% to 2,171 homes.

Gross margin on home sales also improved, rising to 19.4% from 17.7% a year earlier.

Lennar shares were falling 0.2% to $20.71 in early trading.


Dell (DELL - Get Report) intends to enter the crowded tablet computer market with its first consumer device late this year, Chief Commercial Officer Steve Felice said, Reuters reported.

The Texas-based company plans a push into the tablet market, after delaying entry to learn from competitors that tried to square-off against the Apple (AAPL) iPad, in an effort to combat its steadily dropping rank in global PC sales.

"When you are talking about PC, people are more focused on the hardware itself. When you are talking about the tablet or the smartphone, people are interested in the overall environment its operating in. As we have matured in this, we are spending a lot more time in the overall ecosystem," Felice said.

While Dell has not yet chosen an operating system for its consumer tablet, both Microsoft's (MSFT - Get Report) upcoming Windows 8 and Google's (GOOG) OS are options, Felice said.

Dell shares were down 0.1% to $15.81 in premarket trading.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
NYX $0.00 0.00%
CROX $11.15 0.00%
CMC $15.05 0.00%
MET $50.83 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs