Coldwater Creek (CWTR) NewsBite - CWTR Raises 2Q, Full-Year Outlook

Posted on Tuesday, July 15, 2008 12:05 PM

Coldwater Creek Inc. (CWTR) opened at 5.44. So far today, the stock has hit a low of 5.26 and a high of 5.86. CWTR is now trading at 5.73, up 0.79 (14.52%). The stock hit its 52 week high of 22.21 in July and set its 52 week low of 3.40 in January. CWTR has been slipping for the past year. Women's apparel retailer Coldwater Creek lifted yesterday evening its guidance for the second-quarter and full-year 2008 above analysts' expectations. The company forecast quarterly earnings of 2 cents per share, on revenue of $235 million to $240 million. Analysts expect a loss of 5 cents per share, with revenue of $238.4 million. Technical indicators for the stock are bearish and steady while S&P gives CWTR a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an August bull-put credit spread below the $5 range. CWTR stock could fall up to 12.7% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]