|Bid||3.71 x 200|
|Ask||4.09 x 2000|
|Day's Range||3.85 - 3.95|
|52 Week Range||2.35 - 7.42|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
J.C. Penney has very high debt, is very promotional and counts on appliances to boost sales. A turnaround will be difficult.
Promising holiday sales numbers have not only helped the industry rally 13.5% in a month but also outperformed the S&P 500's growth of 3.5%.
Rating Action: Moody's Affirms Twelve Classes of JPMBB 2014- C18. Global Credit Research- 12 Jan 2018. Approximately $786.7 Million of Structured Securities Affected.
While it was a successful holiday season for the retail sector, the bullish rally could be short lived.
Rating Action: Moody's Downgrades Three and Affirms Four Classes of JPMCC 2004- LN2. Global Credit Research- 12 Jan 2018. Approximately $124.7 Million of Structured Securities Affected.
The company will next report results on Feb. 9, before the bell. Analysts are looking for earnings of 44-cents-per-share on revenues of $4 billion. When the company last reported on Nov. 10, a loss of 33-cents-per-share beat estimates by 10 cents on a 1.8% decline in revenues.
JCPenney (JCP) stock is rated as a “hold” by most of the analysts covering the mid-tier department store. On January 4, Jefferies raised its target price for JCPenney stock to $4.00 from $3.00. On January 5, BMO Capital raised its target price to $3.75 from $3.25.
Kohl’s Corporation (NYSE:KSS) is riding high after a successful Christmas shopping season. KSS stock recovered from the fear of an Amazon.com, Inc. (NASDAQ:AMZN) takeover that swept the entire retail industry. In my view, both the time of year and the recent run-up indicate Kohl’s stock is due for a pause in the near term.
The retailer just reported another dreadful sales decline for the November-December period -- and hardly any of its cost reductions are falling through to the bottom line.
Target’s (TGT) sales for the key holiday season exceeded expectations. It reported a 3.4% rise in comparable-store sales (or comps) for the combined November-December 2017 period compared to its earlier estimate of 0%–2% growth. Target’s sales remained positive across all its core product categories, including Apparel, Home, Food & Beverage, Essentials, and Hardlines.
Fresh off its 52-week high, Facebook, Inc. (NASDAQ:FB) continues to reward its shareholders. CEO Mark Zuckerberg’s pledge to fix up the social networking site is giving Facebook stock investors more confidence. Zuckerberg wrote that Facebook has a lot of work to do.
After its strong performance in the 2017 holiday season, Kohl’s (KSS) upgraded its fiscal 2017 earnings guidance on January 8. Analysts now expect Kohl’s adjusted EPS (earnings per share) to rise 7.6% to $1.55 in fiscal 4Q17. Previously, analysts had expected Kohl’s adjusted EPS to come in at $1.48 in fiscal 4Q17.
Kohl’s (KSS) impressive same-store sales growth of 6.9% during the 2017 holiday season was better than the growth rates of Macy’s (M) and JCPenney (JCP). On January 4, Macy’s and JCPenney reported same-store sales growth of 1.0% and 3.4%, respectively, for the 2017 holiday season.
Target (TGT) became the latest to join the bandwagon of retailers who witnessed strong holiday season sales. The solid holiday numbers allowed management to lift the view.
JCPenney (JCP) reported strong same-store sales growth of 3.4% in the 2017 holiday season—the nine-week period ending December 30, 2017. JCPenney attributed its sales growth during the holiday season to the performance of its home, beauty, and fine jewelry categories. The company’s online sales grew by double-digits during the 2017 holiday season.
Last week, retail stocks benefited after Citigroup and Nomura expressed an optimistic view regarding the companies. A Reuters report last week stated that Citigroup analyst Paul Lejuez mentioned that retail stocks will likely benefit from the tax reform with a boost in free cash flow. On January 2, Citigroup raised the target price for Ross Stores (ROST) to $85 from $72.
Jim Cramer explained how he uses his shopping experiences to help determine which retailer stocks are not worth buying.