Cache (OTC:CACH) Stock, Quote.Headers.trade-ideas

Cache Inc is a nationwide, mall and Web-based specialty retailer of lifestyle sportswear and dresses targeting style-conscious women. The company's merchandise offerings include evening wear, casual and daytime sportswear, which encompasses a range of tops, bottoms, dresses, and accessories, all of which are sold under its Cache brand. The company operates its stores, primarily situated in central locations in high traffic, upscale malls. Its main activity includes designing and marketing of three categories of merchandise: Sportswear, Dresses, and Accessories. Sportswear consists of related tops and bottoms, dresses range from shorter lengths for day-time, cocktail, as well as day-into-evening wear to special occasion long dresses.

Cache, Inc.

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 RadiSys Corporation (NASDAQ: <a class="ticker" href="/stock/rsys#NASDAQ">RSYS</a>) shares dropped 25.08% to touch a new 52-week low of $1.8730 after the company reported downbeat Q4 results. Needham downgraded Radisys from Buy to Hold.
 Powell Industries, Inc. (NASDAQ: <a class="ticker" href="/stock/powl#NASDAQ">POWL</a>) shares slipped 11.31% to reach a new 52-week low of $37.31 after the company reported downbeat Q1 results and lowered its FY15 outlook.
 Cache Inc. (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) shares dropped 44.49% to reach a new 52-week low of $0.0272. Cache filed for Chapter 11 bankruptcy.

Pre-open movers
US stock futures traded slightly lower in early pre-market trade. The ADP national employment report for January will be released at 8:15 a.m. ET, while the Markit PMI services index for January will be released at 9:45 a.m. ET. The ISM non-manufacturing index for January will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average slipped 6 points to 17,566.00, while the Standard &amp; Poor's 500 index futures fell 3.80 points to 2,038.30. Futures for the Nasdaq 100 index declined 7.50 points to 4,208.75.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index dropping 0.26%, STOXX Europe 600 Index declining 0.02% and German DAX 30 index falling 0.23%. French CAC 40 Index declined 0.11% and London's FTSE 100 Index fell 0.52%.
In Asian markets, Japan's Nikkei Stock Average rose 1.98%, Hong Kong's Hang Seng Index rose 0.51%, China's Shanghai Composite Index fell 0.96% and India's BSE Sensex tumbled 0.40%. The HSBC China services PMI declined to 51.8 in January, versus 53.4 in December
Broker Recommendation 
Analysts at Compass Point upgraded AthenaHealth, Inc. (NASDAQ: <a class="ticker" href="/stock/athn#NASDAQ">ATHN</a>) from Market Perform to Outperform. The price target for AthenaHealth has been raised from $134 to $172. 
AthenaHealth's shares closed at $139.85 yesterday.
Breaking news 
<ul>
<li> Whirlpool Corp. (NYSE: <a class="ticker" href="/stock/whr#NYSE">WHR</a>) reported better-than-expected earnings for the fourth quarter and reaffirmed its forecast for the full year. To read the full news, <a href="http://www.benzinga.com/news/earnings/15/02/5208633/update-whirlpool-q4-profit-beats-estimates-shares-rise">click here. </a></li>
<li> CACHÉ (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) today announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the district of Delaware in Wilmington. To read the full news, <a href="http://www.benzinga.com/pressreleases/15/02/g5208489/cache-inc-files-for-chapter-11-continues-to-seek-strategic-partner">click here.</a></li>
<li> BGC Partners (NASDAQ: <a class="ticker" href="/stock/bgcp#NASDAQ">BGCP</a>) today announced that it has extended the deadline for its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: <a class="ticker" href="/stock/gfig#NYSE">GFIG</a>) for $6.10 per share to February 19, 2015. To read the full news, <a href="http://www.benzinga.com/pressreleases/15/02/n5208392/bgc-extends-all-cash-tender-offer-to-acquire-gfi-group-for-6-10-per-sha">click here.</a></li>
<li> Sony Corp. (NYSE: <a class="ticker" href="/stock/sne#NYSE">SNE</a>) reported a rise in its net profit for latest quarter and narrowed its loss guidance for the full year. To read the full news, <a href="http://www.benzinga.com/news/earnings/15/02/5208318/sony-posts-higher-quarterly-profit-narrows-loss-outlook">click here.</a></li>
</ul>

CACHÉ (Nasdaq: <a class="ticker" href="/stock/cach#Nasdaq">CACH</a>) today announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court ("Court) for the district of Delaware in Wilmington. The Company intends to continue to operate its business in the ordinary course during this time.
	"We took this action today with the goal of securing CACHÉ's future," said Jay Margolis, CACHÉ Chairman and CEO. "Our team has been working tirelessly to implement a turnaround. In a short period of time, we upgraded key stores and closed unprofitable ones; launched a more vibrant and robust e-commerce site where conversion has doubled; and have seen same store comp sales from our 2014 Holiday season increase 9.5%, with this positive momentum continuing through January. However, the depressed brick and mortar retail market, the continued growth of online shopping, and rapidly changing consumer tastes and habits thwarted our efforts. Ultimately, we have not had the time or capital to realize all of the benefits of our hard work."
	As part of these proceedings, the Company intends to further reduce
 <a href="http://www.benzinga.com/pressreleases/15/02/g5208489/cache-inc-files-for-chapter-11-continues-to-seek-strategic-partner">See full press release</a>

Legal

Press Releases

CACHE Files for Chapter 11 Bankruptcy;  Continues to Seek Strategic Partner

Financing

Cache Files For Ch 11 Bankruptcy In Delaware, Liabilities as High as $100M

Rumors

Hearing Cache Looked for Bids from Liquidators to Shut Down, May Be Planning Liquidation After Bankruptcy

Cache to File For Bankruptcy As Early As Next Week - Bloomberg

Analysts at RBC Capital initiated coverage on GrubHub Inc. (NYSE: <a class="ticker" href="/stock/grub#NYSE">GRUB</a>) with a Sector Perform rating. The target price for GrubHub is set to $42. GrubHub's shares closed at $36.98 on Friday. 
Analysts at BMO Capital initiated coverage on LendingClub Corporation (NYSE: <a class="ticker" href="/stock/lc#NYSE">LC</a>) with a Outperform rating. The target price for LendingClub is set to $28. LendingClub's shares closed at $22.09 on Friday.
Analysts at Goldman Sachs initiated coverage on shares of Central European Media Enterprises Ltd. (NASDAQ: <a class="ticker" href="/stock/cetv#NASDAQ">CETV</a>) with a Neutral rating. The target price for Central European Media is set to $2.80. Central European Media's shares closed at $2.73 on Friday.
B. Riley initiated coverage on shares of Cache Inc. (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) with a Neutral rating. The target price for Cache is set to $0.20. Cache's shares closed at $0.20 on Friday.

Benzinga's Top Initiations

Analysts at B. Riley initiated coverage on shares of Cache Inc. (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) with a Neutral rating.
The target price for Cache is set to $0.20.
Cache shares have declined 96.09% over the past 52 weeks, while the S&amp;P 500 index has gained 9.52% in the same period.
Cache's shares climbed 6.26% to close at $0.20 on Friday.

B. Riley Initiates Cache At Neutral

B. Riley initiates coverage on Cache (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) with a Neutral rating and a $0.20 price target.

B. Riley Initiates Coverage on Cache at Neutral, Lowers $0.20 PT

Hedge Funds

General

Amended 13D Filing from Mill Road Capital on Cache Shows Liquidated Position, Had Previously Shown 6.04% Stake as of Sept. 30, 2014

Guidance

Asset Sales

Management

Cache Shares Rise 42% After-Hours Following Announcement of Strategic Review

PREVIEW: Cache Shares to Resume Trading at 4:45 PM ET

CACHE Announces Will Review Strategic Alternatives,  Including Possible Merger, Sale or Other Form

Cache Inc. Shares Halted News Pending

Below are the top small-cap apparel stores stocks on the NYSE and the NASDAQ in terms of EPS growth forecast for the next year.
New York &amp; Company (NYSE: <a class="ticker" href="/stock/nwy#NYSE">NWY</a>) earnings per share growth forecast for the next year is 256.92%. New York &amp; Company's trailing-twelve-month EPS is $0.04.
Destination XL Group (NASDAQ: <a class="ticker" href="/stock/dxlg#NASDAQ">DXLG</a>) EPS growth forecast for the next year is 146.70%. Destination XL's trailing-twelve-month revenue is $397.20 billion.
Cache (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) earnings per share growth forecast for the next year is 80.40%. Cache's trailing-twelve-month gross margin is 32.40%.
The Wet Seal (NASDAQ: <a class="ticker" href="/stock/wtsl#NASDAQ">WTSL</a>) EPS growth forecast for the next year is 65.80%. Wet Seal's trailing-twelve-month revenue is $490.30 million.

Trading Ideas

DXLG

WTSL

Top 4 Small-Cap Stocks In The Apparel Stores Industry With The Highest EPS Growth Forecast For Next Year

13G Filing:  Lloyd Miller Reports 5% Passive Stake In Cache

Cache, Inc., (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>), a U.S. based multi-channel specialty retailer of women's apparel and accessories, today announced that it has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners, LLC. The new facility replaces the Company's existing $25 million revolving credit facility with Wells Fargo Bank, National Association. 
Jay Margolis, Chairman and Chief Executive Officer, commented: “We are pleased to have secured this new credit facility with Salus Capital, which improves our financial flexibility as we continue to implement our turnaround plan to position Cache for profitable growth.”

Cache Announces New Credit Facility Of $30M To Replace Prior Facility Of $25M

Titan Machinery (NASDAQ: <a class="ticker" href="/stock/titn#NASDAQ">TITN</a>) shares fell 2.97% to touch a new 52-week low of $13.05. Titan Machinery is expected to report FQ2 results on September 9, 2014.
First Internet Bancorp (NASDAQ: <a class="ticker" href="/stock/inbk#NASDAQ">INBK</a>) shares fell 1.90% to reach a new 52-week low of $16.50. First Internet Bancorp shares have dropped 40.67% over the past 52 weeks, while the S&amp;P 500 index has gained 22.66% in the same period.
Cache (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) shares tumbled 7.79% to reach a new 52-week low of $0.92. Cache's PEG ratio is -0.04.
Endeavour International (NYSE: <a class="ticker" href="/stock/end#NYSE">END</a>) shares fell 3.27% to touch a new 52-week low of $0.91. Endeavour's trailing-twelve-month profit margin is -50.91%.

INBK

TITN

Xueda Education Group (NYSE: <a class="ticker" href="/stock/xue#NYSE">XUE</a>) shares touched a new 52-week low of $3.65 after the company reported Q2 results. The company reported earnings of $0.27 per share on revenue of $120.80 million.
ProPhase Labs (NASDAQ: <a class="ticker" href="/stock/prph#NASDAQ">PRPH</a>) shares fell 2.68% to reach a new 52-week low of $1.45. ProPhase Labs' trailing-twelve-month ROE is -17.64%. 
Achaogen (NASDAQ: <a class="ticker" href="/stock/akao#NASDAQ">AKAO</a>) shares reached a new 52-week low of $8.65. Achaogen's trailing-twelve-month EPS is -$1.23.
Cache (NASDAQ: <a class="ticker" href="/stock/cach#NASDAQ">CACH</a>) shares touched a new 52-week low of $1.03. Cache shares have dropped 74.89% over the past 52 weeks, while the S&amp;P 500 index has gained 22.54% in the same period.

AKAO

PRPH

Offerings

Cache Closes Offering of Common Stock, Priced 9.2M Shares at $1.75/Share for Net Proceeds $15M

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Cache (OTC:CACH) Stock, Quote.Headers.trade-ideas