|Bid||32.26 x 900|
|Ask||32.34 x 4000|
|Day's range||31.75 - 32.54|
|52-week range||17.41 - 41.99|
|Beta (3Y Monthly)||0.09|
|PE ratio (TTM)||6.01|
|Earnings date||14 Nov 2018|
|Forward dividend & yield||1.51 (4.66%)|
|1y target est||36.00|
Investor reaction might have seemed disproportionate to Kylie Cosmetics coming to Ulta Beauty, but Wall Street pros say this is symbolically significant.
Critics underestimate the strength of Macy's balance sheet and are wrong about the likely impact of rising interest rates on the company.
Dillard's (DDS) soft cash flows are resulting in lesser share buybacks, which has been denting profitability. However, its growth strategies are encouraging.
Can New CEO Bring JCPenney Back on Track? JCPenney’s (JCP) net sales declined 7.5% in the second quarter of fiscal 2018, which ended on August 4, causing a 6.0% fall in the net sales for the first half of fiscal 2018. JCPenney’s same-store sales increased 0.3% in the second quarter and 0.2% in the first half of fiscal 2018.
JCPenney (JCP) stock has risen 12.8% since the company announced the appointment of Jill Soltau as its new CEO on October 2. Investors welcomed the news of a new CEO who has about three decades of solid experience in the retail industry, which has included positions in companies like Shopko Stores, Sears (SHLD), and Kohl’s (KSS). Most recently, Jill Soltau was president and CEO of Jo-Ann Stores.
American Eagle (AEO) to hire roughly 22,000 part-time associates for its AE and Aerie brands to make this year's holiday season a grand success.
Major indexes fell on October 10 due to investors’ fears about rising rates. The S&P 500 (SPY) fell 3.3%, while the Dow Jones fell 3.2% on October 10. However, JCPenney (JCP) stock rose 6.6% on October 10 due to news about the company extending its agreement with Synchrony Financial (SYF) regarding a marketing and servicing alliance for JCPenney’s credit card program. The amended agreement between the two companies extends the term of JCPenney’s credit card program until January 2027.
Sears is reportedly nearing a bankruptcy filing. Yahoo Finance looks at the numbers that show how the once-storied retailer ended up here.
The online retail giant is raising its minimum wage in the U.S. to a level far beyond what most retailers pay their front-line workers.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to Read More...
Amid a competitive retail scenario, Macy's (M) has taken several strategic initiatives to adapt to the ongoing changes in the industry.
NEW YORK, Sept. 28, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Ryan McQueeney discusses recent progress made in real-world applications of virtual reality, from Macy's adding the tech to its furniture shopping experience to Alaska Airlines bringing it on board flights and Mozilla developing VR internet browsers.
Do Macy’s Investors Expect a Better Second Half of the Year? As of September 22, Macy’s (M) stock was rated a “hold” by 12 of the 19 analysts (or 63%) covering the department store chain. On September 4, Goldman Sachs initiated coverage of Macy’s stock with a “sell” rating, reflecting its pessimism about the company’s turnaround plans.
Do Macy’s Investors Expect a Better Second Half of the Year? Macy’s (M) 12-month forward PE multiple has declined 17.1% since the announcement of its results for the second quarter of fiscal 2018 in August. Macy’s exceeded analysts’ fiscal second-quarter expectations and raised its fiscal 2018 guidance.
Do Macy’s Investors Expect a Better Second Half of the Year? Macy’s (M) adjusted EPS grew to $0.70 in the second quarter of fiscal 2018 compared to $0.46 in the second quarter of fiscal 2017. Following its overall performance in the first half of fiscal 2018, Macy’s increased its guidance for fiscal 2018.
Do Macy’s Investors Expect a Better Second Half of the Year? Macy’s (M) raised its sales guidance for fiscal 2018 in August after a better performance in the first half of fiscal 2018. As we’ve already seen in this series, Macy’s sales declined 1.1% in the fiscal second quarter, which ended on August 4, due to the impact of the shift in the Friends and Family promotional event to the fiscal first quarter.
Recently, Target Corporation (TGT) announced its plans to hire ~120,000 seasonal workers for the upcoming holiday season, 20% more than last year. The announcement indicates that Target expects the solid momentum in its sales to continue during the key holiday season. Janna Potts, chief stores officer at Target, stated that the company is expecting “a busy holiday season” and the addition of an increased temporary workforce will ensure a seamless shopping experience for its customers.
Do Macy’s Investors Expect a Better Second Half of the Year? Macy’s (M) growth initiatives helped it deliver same-store sales growth of 1.4% and 3.9% in fiscal Q4 2017 and fiscal Q1 2018, respectively. Overall, Macy’s net sales declined 1.1% in the fiscal second quarter.
Target (TGT) and Walmart (WMT) have expressed concerns regarding the escalating trade war between the United States and China. Both Target and Walmart have emphasized the fact that expanded tariffs will eventually hurt American families, as they will force these retailers to increase their prices. Several other retailers, including Costco (COST), Dollar Tree (DLTR), Macy’s (M), and Kohl’s (KSS), have also voiced their concerns about the higher tariffs imposed on Chinese goods.
Macy’s (M) stock was up 41.7% YTD (year-to-date) as of September 21. Macy’s and its department store peers have been taking several measures to grow their top lines amid intense rivalry from online retailers such as Amazon (AMZN). Macy’s net sales declined for 11 quarters and then recovered in the fourth quarter of fiscal 2017 and the first quarter of fiscal 2018.
The U.S. Census Bureau's official August retail sales data fell short of economists' expectations, with particularly poor results at department stores. But that may not be bad news for the likes of Kohl's, Macy's, and Nordstrom.