|Bid||19.08 x 10700|
|Ask||19.46 x 10500|
|Day's Range||19.52 - 19.52|
|52 Week Range||17.61 - 37.30|
|Beta (3Y Monthly)||-0.15|
|PE Ratio (TTM)||5.50|
|Forward Dividend & Yield||1.34 (6.84%)|
|1y Target Est||N/A|
Retailers continue to report first-quarter earnings, with 43 retailers so far mentioning tariffs during their Q1 earnings calls. Meanwhile, most of the big-name department stores registered negative same store sales, with the exception of Macy's and Dillard's. Jharonne Martis, Director of Consumer Research at Refinitiv, joins the Final Round to discuss
We're currently ruled by tariffs and trade, with the Fed playing second fiddle. So when weak retail sales numbers came in, it freaked people out and set the stage for a terrific romp, especially after we learned the president's auto tariffs might be delayed.
Macy's smashed earnings expectations on both the top and bottom lines as analysts await Walmart's report. Yahoo Finance's Seana Smith and Heidi Chung discuss.
U.S. retail sales dropped 0.2% in April. Marissa Tarleton, RetailMeNot CEO, joins Zack Guzman, Sibile Marcellus and Kelly Hultgren, podcast host of "Her Money", on 'YFi PM to discuss which retail giants are making waves and how RxSaver is aiming to keep costs down for U.S. consumers.
The top two department store chains have had radically different experiences with their off-price retail experiments.
, distribution partners can make or break sales trends. Most prominent among its partners in the space would be J.C. Penney and Macy's, which are seen as buoys to make up for the loss of sales in the wake of Sears Holding Corp.'s recent bankruptcy. "Collectively, Macy's and J. C. Penney Company, Inc., two of our ten largest customers in 2018, have closed over 200 stores since 2016 and will be closing additional stores," PVH's 10-K recognizes.
Macy's expects asset sale gains to moderate beginning this year as it shifts its attention to reinvigorating sales growth. But it still has lots of latent real estate value that it could tap into if necessary.
Retail stocks were getting hammered on Wednesday, with the SPDR S&P 500 Retail (NYSE: XRT) down 1.7 percent. On Wednesday morning at around 8:30 a.m., Benzinga Pro subscribers were alerted to a bearish sale of 11,987 Target Corporation (NYSE: TGT) call options at an $85 strike price that expire on June 21.
Goldman Sachs Upgrades Macy’s Stock after Its Q1 Results(Continued from Prior Part)Same-store sales growthMacy’s (M) same-store sales grew 0.6% on an owned basis and 0.7% on an owned-plus-licensed basis in the first quarter of fiscal 2019, which
Goldman Sachs Upgrades Macy’s Stock after Its Q1 ResultsRating upgradeOn May 16, Goldman Sachs upgraded Macy’s (M) stock to a “neutral” from “sell.” Goldman Sachs upgraded its rating for Macy’s stock after Macy’s fiscal 2019
(M) stock (M) is drifting lower again on Thursday, a day after better-than-expected first-quarter results did little to stem negative investor sentiment about the department store. Macy’s has fallen 28% year to date and is off nearly 37% in the trailing 12-month period. Retail hasn’t kept pace with the overall market in 2019, with the (XRT) (XRT) up just 6%, but department stores in general haven’t even been able to match those gains in large part.
Macy's Inc (NYSE: M )'s stock has fallen more than 40 percent since Goldman Sachs first initiated coverage of the retailer, but the firm now says the risk-reward profile is "less skewed to the downside." ...
The largest U.S. department store operator is one of the first to comment publicly on the damage that U.S. President Donald Trump imposing tariffs on all remaining imports from China, another $300 billion worth of goods, could have on business. In Macy's case, the potential tariffs would impact both its private and national brands, said Macy's Chief Executive Officer Jeff Gennette. Gennette said any escalation of tit-for-tat tariffs was not factored into the company's annual outlook and that the company would do what it could to minimize the effect on customers.
Macy's customers may finally start to feel the impact of President Donald Trump's trade war with China. Like many department stores and general merchandise retailers, Macy's had been left largely unscathed by the first several rounds of tariffs since they focused more on industrial and agricultural products. Macy's CEO Jeff Gennette told investors Wednesday the higher levies on furniture will have some impact on the department store business, but it can be mitigated.
Macy's earnings and comp sales topped Q1 forecasts but revenue missed and the CEO warned on the potential impact of more China tariffs.
Earnings did beat estimates, but overall total sales revenue declined year over year. This undermines the enthusiasm over Macy's double-digit percentage rate increase in online sales. Macy's reported sales growth on a comparable basis.
Macy’s Beats Q1 Earnings Expectations, Maintains OutlookQ1 resultsMacy’s (M) sales of $5.50 billion for the first quarter of fiscal 2019, which ended on May 4, fell marginally behind analysts’ estimate of $5.51 billion. However, the
Much of this was driven by macro sales data that came up short of bullish estimates, but downside momentum was also driven by the uncertain impact of tariffs not being figured into forward estimates from Macy's itself. "This is a dynamic situation but let me give you a high-level view," CEO Jeff Gennette said. "The increase of the third tranche from 10% to 25% on does have some impact particularly on our furniture business.