Syms Corp (SYMS) news stock charts
Syms Corp (SYMS) Investment Summary:
Syms Corp (the “Company” or “Syms”) operates a chain of thirty-three “off-price” retail stores located in the United States throughout the Northeastern and Middle Atlantic regions and in the Midwest, Southeast and Southwest. Each Syms store offers a broad range of first quality, in-season merchandise bearing nationally recognized designer or brand-name labels for men, women and children at prices substantially lower than those generally found in department and specialty stores. Syms directs its merchandising efforts at predominantly middle income, fashion-minded and price conscious customers. Since the first Syms store opened in New York City in 1959, the Company has expanded to 33 stores and the aggregate amount of selling space in Syms stores has increased from approximately 2,000 square feet to approximately 1,345,000 square feet. The Company maintains a 277,000 square foot distribution center and executive headquarters in Secaucus, New Jersey. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f25%2f0000930413-08-002601.html#FIS_BUSINESS"www.syms.com
700 Employees
Founded in 1959
SYMS CORP (SYMS:NASDAQ)
LAST $9.64 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/18/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of SYMS CORP (SYMS)
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OPEN
$9.88
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PREVIOUS CLOSE
$9.94
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DAY HIGH
$9.96
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DAY LOW
$9.64
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52 WEEK HIGH
03/10/10 - $10.15
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52 WEEK LOW
04/23/09 - $5.11
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MARKET CAP
140.7M
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AVERAGE VOLUME 10 D
11.9K
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EPS TTM
$-0.85
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SHARES OUTSTANDING
14.6M
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EX-DATE
07/24/07
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for SYMS CORP (SYMS)
Syms Corp. Announces Resignation of Philip A. Piscopo as Chief Financial Officer, Effective March 5, 2010
02/19/2010
On February 19, 2010, Syms Corp. announced that Chief Financial Officer, Philip A. Piscopo submitted a letter of resignation for all officer positions with the company and all officer positions with the companys subsidiaries to be effective March 5, 2010, which has been accepted.
Syms Appoints Marcy Syms, President and CEO
01/9/2010
Syms has appointed Marcy Syms as president and CEO of the company, to the additional post of chairman of its board. Ms Syms succeeds her father, Sy Syms, founder and chairman of Syms. Ms Syms joined Syms Clothing in 1978 and was named president of the company in 1983. She became CEO in 1998. Syms currently operates 53 stores under the Syms and Filene's Basement brands. The company acquired Filene's Basement in June 2009.
Syms Corp Reports Earning Results for Third Quarter and Nine Months Ended November 28, 2009
01/7/2010
Syms Corp. reported earning results for third quarter and nine months ended November 28, 2009. For the quarter the company reported net income of $25,646,000 or $1.76 per basic share on net sales of $135,159,000 compared to net loss of $891,000 or $0.06 loss per basic share on net sales of $64,330,000 for the same period a year ago. For nine months period the company reported net income of $15,722,000 or $1.08 per basic share on net sales of $261,852,000 compared to net loss of $1,536,000 or $0.11 loss per basic share on net sales of $187,948,000 for the same period a year ago.
Syms Corp financial resources
SYMS Competitors
| Company | Last | Change |
| Cache Inc | $5.60 USD | +0.31 |
| Casual Male Retail Group Inc | $3.57 USD | -0.34 |
| dELiA*s Inc | $2.00 USD | -0.02 |
| Destination Maternity Corp | $25.44 USD | -0.06 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | SYMS | Industry Range |
| Price/Earnings | 10.5x |
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| Price/Sales | 0.5x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 6.1x |
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| TEV/Sales | 0.3x |
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SYMS |
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SYMS transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Syms Corp
Syms names CEO Marcy Syms as its chairman
2010-02-26 07:47:40
Quote: (AP) -- Off-price retailer Syms Corp. said that President and CEO Marcy Syms will serve in the additional role of chairman, succeeding her father, Sy Syms, who died in November.Sy Syms, who founded the company, died of heart failure in New York at the age of 83.Syms founded his apparel business in 1959 in New York's financial district as a discount retailer of off-price men's clothes. By 1983, he had expanded the business and taken the company public.Marcy Syms has served as president since 1983...Read article
Initial Distribution Made to Creditors in Filene's Basement Bankruptcy
2010-02-22 02:36:54
Quote: Bankruptcy Code on May 4, 2009SYMSNews) acquired substantially all of the company's assets on June 18, 2009 under a transaction executed under Section 363 of the Bankruptcy Code, buying leases for 23 Filene's store locations and a distribution center, along with inventory, fixed assets and equipment at those locations, as well as certain Filene's contracts, intellectual property, trade names and related assets. Syms currently operates Filene's Basement locations in nine eastern and Midwestern st...Read article
A Lavish Wedding Costs More Than You Think
2010-02-22 02:36:53
Quote: (Filene's Basement, which was bought out of bankruptcy last year by New York-based Syms, holds similar events now in other major cities.)
A spokeswoman for Filene's Basement says these events have really taken off since the economic crisis broke two years ago. Sales at events around the country have jumped between 38% and 60% compared with three or four years ago. More and more brides, it seems, are looking to make some savings on their wedding costs. Filene's says the dresses cost $249 to $649&...Read article
SYMS CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-02-22 02:36:53
Quote: SYMS CORPRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
SYMS CORP
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Initial Distribution Made to Creditors in Filene's Basement Bankruptcy
2010-02-17 03:54:27
Quote: Bankruptcy Code on May 4, 2009SYMSNews) acquired substantially all of the company's assets on June 18, 2009 under a transaction executed under Section 363 of the Bankruptcy Code, buying leases for 23 Filene's store locations and a distribution center, along with inventory, fixed assets and equipment at those locations, as well as certain Filene's contracts, intellectual property, trade names and related assets. Syms currently operates Filene's Basement locations in nine eastern and Midwestern st...Read article
Syms Corp Reports Results for the Third Quarter
2010-01-28 04:21:08
Quote: SYMSNews), a leading off-price retailer, announced resultstoday for its third quarter ended November 28, 2009.For the third quarter (13 week period) ended November 28, 2009, theCompany had a net income of $25.6 million ($1.76 per share) as comparedto a net loss of $0.9 million ($0.06 per share) for the quarter endedNovember 29, 2008. For the nine months ended November 28, 2009, the netincome was $15.7 million ($1.08 per share) as compared to a net loss of$1.5 million ($0.11 per share) for the co...Read article
Syms Corp Elects Marcy Syms as Chairman
2010-01-28 04:21:07
Quote: 7 /PRNewswire-FirstCall/ -- Syms Corp (Nasdaq: SYMS), a leading off-price retailer, announced today that Marcy Syms, President and Chief Executive Officer, has been elected to the additional post of Chairman of the Board. The announcement was made following the Board's meeting today. Ms. Syms succeeds her father, Sy Syms, who was Founder of Syms and Chairman of Syms Corp until his death in November.Ms. Syms joined family-owned Syms Clothing in 1978 and was named President of Syms Corp when the c...Read article
Syms names CEO Marcy Syms as its chairman
2010-01-28 04:21:06
Quote: (AP) -- Off-price retailer Syms Corp. said that President and CEO Marcy Syms will serve in the additional role of chairman, succeeding her father, Sy Syms, who died in November.Sy Syms, who founded the company, died of heart failure in New York at the age of 83.Syms founded his apparel business in 1959 in New York's financial district as a discount retailer of off-price men's clothes. By 1983, he had expanded the business and taken the company public.Marcy Syms has served as president since 1983...Read article
Abacus Advisors Sets Plans for Initial Distribution to Unsecured Creditors in Filene's Basement Bankruptcy
2010-01-28 04:21:04
Quote: 26 /PRNewswire/ -- Alan Cohen, Chairman of Abacus Advisors LLC, today announced that FB Liquidating Estate (formerly known as Filene's Basement, Inc.) confirmed its chapter 11 plan and will soon make an initial distribution to unsecured creditors of the bankrupt retailer, whose trade name, leases and other assets were sold to an affiliate of Syms Corp. (Nasdaq: SYMS) last June for approximately $64 million. The announcement follows today's confirmation of the Joint Plan of Liquidation of FB Liqu...Read article
Abacus Advisors Sets Plans for Initial Distribution to Unsecured Creditors in Filene's Basement Bankruptcy
2010-01-27 03:53:51
Quote: 26 /PRNewswire/ -- Alan Cohen, Chairman of Abacus Advisors LLC, today announced that FB Liquidating Estate (formerly known as Filene's Basement, Inc.) confirmed its chapter 11 plan and will soon make an initial distribution to unsecured creditors of the bankrupt retailer, whose trade name, leases and other assets were sold to an affiliate of Syms Corp. (Nasdaq: SYMS) last June for approximately $64 million. The announcement follows today's confirmation of the Joint Plan of Liquidation of FB Liqu...Read article
SYMS CORP Files SEC form 10-Q, Quarterly Report
2010-01-12 04:35:41
Quote: Historically, the Company has found
the application of accounting policies to be appropriate, and actual results
have not differed materially from those determined using necessary estimates.
The Company's accounting policies are more fully described in Note 1 to the
Financial Statements, located in the Annual Report on Form 10-K for fiscal 2009.
The Company has identified certain critical accounting policies that are
described below.
Merchandise Inventory - Inventory is stated at the lower of co...Read article
Syms names CEO Marcy Syms as its chairman
2010-01-11 04:08:42
Quote: (AP) -- Off-price retailer Syms Corp. said that President and CEO Marcy Syms will serve in the additional role of chairman, succeeding her father, Sy Syms, who died in November.Sy Syms, who founded the company, died of heart failure in New York at the age of 83.Syms founded his apparel business in 1959 in New York's financial district as a discount retailer of off-price men's clothes. By 1983, he had expanded the business and taken the company public.Marcy Syms has served as president since 1983...Read article
Syms Corp Reports Results for the Third Quarter
2010-01-08 02:27:06
Quote: SYMSNews), a leading off-price retailer, announced resultstoday for its third quarter ended November 28, 2009.For the third quarter (13 week period) ended November 28, 2009, theCompany had a net income of $25.6 million ($1.76 per share) as comparedto a net loss of $0.9 million ($0.06 per share) for the quarter endedNovember 29, 2008. For the nine months ended November 28, 2009, the netincome was $15.7 million ($1.08 per share) as compared to a net loss of$1.5 million ($0.11 per share) for the co...Read article
Syms Corp Elects Marcy Syms as Chairman
2010-01-08 02:27:05
Quote: 7 /PRNewswire-FirstCall/ -- Syms Corp (Nasdaq: SYMS), a leading off-price retailer, announced today that Marcy Syms, President and Chief Executive Officer, has been elected to the additional post of Chairman of the Board. The announcement was made following the Board's meeting today. Ms. Syms succeeds her father, Sy Syms, who was Founder of Syms and Chairman of Syms Corp until his death in November.Ms. Syms joined family-owned Syms Clothing in 1978 and was named President of Syms Corp when the c...Read article
[$$] JWN Preview: July Comps Could Give the Quarter a Boost
2010-01-05 02:06:42
Keywords: Search, Financial, News, Articles, Stock, Market, Investments, Trading, Analysis, TheStreet.com
Quote: Related companies are TJX (TJXcommentaryTrade Now), Stage Stores (SSIcommentaryTrade Now), Ross Stores (ROSTcommentaryTrade Now), Syms (SYMScommentaryTrade Now) and Stein Mart (SMRTcommentaryTrade Now). Aviance Capital Management, a Sarasota, Fla.-based institutional asset manager that manages $200 million in growth and value equities and fixed income. Dvorchak holds a master's degree in business administration from Northwestern University and a bachelor's degree in computer science from the Uni...Read article
SYMS CORP Files SEC form 8-K, Results of Operations and Financial Condition
2009-12-22 02:02:58
Quote: Item 2.02.Results of Operations and Financial Condition.
On November 17, 2009, Syms Corp (the "Company") was saddened to learn of the
death of Sy Syms, the Company's chairman and founder. In connection with his
employment, the Company maintained various insurance policies on Mr. Syms' life,
the beneficiary of which was the Company. As a result of Mr. Syms' death, the
Company expects to realize approximately $16 million in cash proceeds from these
policies, which, when received, will b...Read article
Syms Corp Reports Results for the Second Quarter
2009-11-30 03:24:42
Quote: SYMSNews), a leading off-price retailer, announced resultstoday for its second quarter ended August 29, 2009.For the second quarter ended August 29, 2009, the Company had a net lossof $9.7 million ($0.66 per share) as compared to a net loss of $1.3million ($0.09 per share) for the second quarter ended August 30, 2008.For the first half ended August 29, 2009, the net loss was $11.7 million($0.80 per share) as compared to a net loss of $.7 million ($0.05 pershare) for the comparable period last ye...Read article
SYMS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreem
2009-11-30 03:24:42
Quote: Entry into a Definitive Material Agreement
On August 28, 2009, Syms Corp. ("Syms") and its wholly owned subsidiary,
SYL, LLC ("SYL" and together with Syms, the "Borrowers") obtained a committed
$75,000,000 asset-based revolving credit facility (the "Credit Facility") from
Bank of America, N.A. ("Bank of America") pursuant to a credit agreement, dated
as of August 27, 2009, by and among the Borrowers, the guarantors party thereto
from time to tim...Read article
New owners of Filene's Basement launch ad campaign
2009-11-30 03:24:40
Quote: BOSTON (AP) -- Filene's Basement is hoping to get back on its feet with a major advertising campaign that promotes the company's 100th anniversary.The 23-store discount chain emerged from bankruptcy protection earlier this year after being purchased by off-price retailer Syms Corp.Owner Marcy Sims told The Boston Globe that the ad campaign -- including network and cable TV spots and gift card giveaways -- will show that Filene's Basement is alive and well and a "place where bargains are born."Fi...Read article
SYMS CORP Files SEC form 10-Q, Quarterly Report
2009-11-30 03:24:40
Quote: The timing of the decision,
particularly surrounding the balance sheet date, can have a significant effect
on the results of operations.
SYMS CORP
Shrinkage is estimated as a percentage of sales for the period from the date of
the last physical inventory to the end of the fiscal year. Physical inventories
are taken at least annually for all stores and inventory records are adjusted
accordingly. The shrinkage rate from the most recent physical inventory, in
combination with historical experience,...Read article
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