|Bid||1.49 x 1800|
|Ask||1.53 x 38800|
|Day's Range||1.42 - 1.53|
|52 Week Range||1.42 - 4.75|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.58|
The drawing for the second-largest lottery prize in U.S. history, a cool $1 billion, was held on Friday as lotto fever gripped the U.S. The lucky numbers 15, 23, 53, 65, 70 and the Mega Ball 7 were drawn on Friday night. The winner of such a prize would be worth more than Vera Bradley Inc and easily have enough money left over to buy a full set of the company's trademark paisley purses and luggage.
Once upon a time, Sears helped America become a healthy economy again in the post-War years. Back then, no one would’ve guessed that Sears would file for bankruptcy before 2020. Are my retail stocks really all that safe?
United Parcel Service will be holding job fairs across the country, including in Orlando, in an effort to boost its seasonal hiring efforts. In Orlando, the company is looking to hire 1,200 positions as it holds the "UPS Brown Friday" event, including driver helpers, package handlers and seasonal drivers. “Just about everyone has heard of Black Friday and Cyber Monday, but for anyone looking for a great seasonal job this holiday season, UPS Brown Friday promises the first good deal of the season,” said Stefond Harris, vice president for human resources at UPS.
Its short interest is about where it was during the worst of the Ron Johnson era, when that former Apple Inc. executive became CEO and made unpopular changes that devastated sales. If J.C. Penney doesn't manage to deliver real progress during the holiday spending blitz, I suspect already-fragile investor confidence is going to erode very quickly. For one, as I've noted previously, the strong economic backdrop should provide a powerful tailwind to the retail industry overall this holiday season.
Moody's Investors Service, ("Moody's") has affirmed the ratings on seven classes in UBS Commercial Mortgage Trust 2017-C4, Commercial Mortgage Pass-Through Certificates, Series 2017-C4 as follows: ...
Sears is closing stores again after filing for bankruptcy. J.C. Penney needs to seize this opportunity to gain market share and revitalize comp-sales growth.
Most analysts currently have a “hold” recommendation for JCPenney (JCP) stock. The mid-tier department store chain was rated a “hold” by 75%, or 12 out of 16, analysts covering the stock. JCPenney stock was rated a “sell” by four analysts as of October 12.
Can New CEO Bring JCPenney Back on Track? JCPenney (JCP) disappointed its investors with a higher-than-expected loss in the second quarter of fiscal 2018, which ended on August 4. The company’s second-quarter adjusted loss per share of $0.38 was way higher than analysts’ estimate of a loss per share of $0.06.
J.C. Penney's stock finished Monday's trading down 4.6% to $1.68 per share. Despite a robust retail environment bolstered by a booming economy, J.C. Penney is struggling to keep its head above water. Sears' bankruptcy has spooked the market and many wonder if the Plano, Texas-based retailer might be next.
Bill Friend, vice president of Fluent Commerce, a retail management platform, told Real Money that J.C. Penney and Sears are not cut from the same cloth. "Sears was raided by hedge fund guys, so they were never going to really recover," he said. Eddie Lampert has been much maligned during his tenure at Sears.
Lowe’s (ticker: LOW) has the best chance in more than a decade to close the gap with (HD) (HD), says Wedbush. Where we were: Lowe’s has long trailed behind its bigger rival, in large part due to self-inflicted problems. Where we’re headed: New leadership and shareholder activism may finally be the catalysts Lowe’s needs to make necessary changes, says Wedbush.
first-ever female CEO, has her work cut out for her as she seeks to reupholster a tattered retailer. The Plano, Texas-based retailer's start for Soltau ends a five-month lack of leadership since the departure of former CEO Marvin Ellison in favor of Lowe's Corp. and investors were pushing Penney's stock down 5% to $1.67 as of 2:30 p.m. ET.
Sears Holdings has filed for bankruptcy protection and plans to shutter another 142 stores before the year is over. Analysts say J.C. Penney, Walmart, Kohl's and others should benefit from the department store chain's demise. With Sears Holdings SHLD filing for bankruptcy protection and planning to shutter another 142 stores before year-end, that leaves some market share up for grabs among the retailers' rivals, especially those in the business of selling appliances and tools.
A sector report released early Monday morning reflects disappointing September retail sales growth of just 0.1% against an analyst consensus of 0.6%, marking a second straight month of missed estimates. Someone give me something good to say about today's US Retail Sales numbers, other than the rebound in the otherwise moribund auto sector. Clothing retailers like J.C. Penney have been feeling the pain as of late, as a decline of 2.82% in August was hardly helped by a modest 0.5% increase in September.
Moody's Investors Service, ("Moody's") has affirmed the ratings on nine classes of DBUBS 2011-LC3 Mortgage Trust as follows: Cl. A-4, Affirmed Aaa (sf); previously on Oct 5, 2017 Affirmed Aaa ...
Can New CEO Bring JCPenney Back on Track? A challenging retail environment forced JCPenney (JCP) to book markdowns in the second quarter, causing a contraction in the company’s gross margin during the quarter. JCPenney’s gross margin fell significantly to 33.7% in the second quarter of fiscal 2018 from 35.3% in the second quarter of fiscal 2017.
The action this morning is similar to what we saw last Thursday. Futures were pointing to a fairly big gap-down open but the dip buyers showed up and helped to produce a flattish open. Rather than a purge that could setup a decent intraday bounce, the buying energy was expended and the indices rolled over.
Fundamentally oriented analysts seem to be giving a positive spin on J.C. Penney Co., Inc. In the daily bar chart of JCP, below, we can see a counter-trend rally from early November to last February. The daily On-Balance-Volume (OBV) line shows a rise from November to late February but then a decline from there.
High-end fashion brand Badgley Mishka President talks about tariffs and how that's affecting the retail business. Yahoo Finance's Seana Smith, Adam Shapiro, and Sibile Marscellus discuss.