1.1400 0.00 (0.00%)
After hours: 7:10PM EST
|Bid||1.1400 x 40700|
|Ask||1.1500 x 47300|
|Day's Range||1.1000 - 1.1600|
|52 Week Range||0.5300 - 1.9200|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Target is the Yahoo Finance 2019 Company of the Year. We chat with long-time value investor Bill Smead about why he is bullish on Target.
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
Rating Action: Moody's upgrades three classes and affirms nine classes of COMM 2013- LC6 Mortgage Trust. Global Credit Research- 09 Dec 2019. Approximately $961 million of structured securities affected....
The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 5.6% of the current pooled balance, compared to 4.8% at Moody's last review. Moody's base expected loss plus realized losses is now 5.6% of the original pooled balance, compared to 4.8% at the last review.
(Bloomberg) -- H/2 Capital Partners is seeking to sell almost $800 million of a $1.7 billion loan made to J.C. Penney Co., according to people familiar with the matter. The potential transaction was large enough to spook bondholders and traders in the market for credit-default swaps tied to the retailer.Deutsche Bank AG is shopping the J.C. Penney’s first-lien term loan due in 2023 on behalf of the hedge fund, the people said, asking not to be named because the deal is private. The debt, which will be sold at auction, is being marketed at a potential price of around 87 cents on the dollar, a slight discount from current trading levels of around 89 cents.Representatives for Deutsche Bank and J.C. Penney declined to comment. Stamford, Connecticut-based H/2 didn’t return messages seeking comment.The retailer’s first-lien bonds due 2023 slipped over 4 cents on the dollar Thursday to as low as 81.5 cents before recovering to 84.25 cents Friday, according to Trace bond trading data. The cost of protecting J.C. Penney debt in the credit-default swaps market for one year rose as much as 7 percentage points upfront intraday to 23.5 points Thursday, before falling back to 17.7 points Friday.Plano, Texas-based J.C. Penney has been focusing on managing its debt load as it seeks to turn around its operations. Bloomberg reported in September that the company was preparing for talks with its creditors ahead of the critical holiday season. Chief Financial Officer Bill Wafford said in a November conference call that the retailer was “proactively” managing its obligations and is working to maintain its $1.7 billion of liquidity.To contact the reporters on this story: Katherine Doherty in New York at firstname.lastname@example.org;Claire Boston in New York at email@example.comTo contact the editors responsible for this story: Rick Green at firstname.lastname@example.org, Nikolaj Gammeltoft, Natalie HarrisonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The retailer needs a solid plan that convinces investors that a comeback is in the cards. While its New York flagship bustles, many of its other stores around the U.S. are struggling, and a quick end to the slump isn’t in sight.
North Hills opened as just a small shopping area in the early 1960s. Today, the area is the center of the region's booming growth.
The appointment comes at a time when Plano-based JCPenney has undergone a series of changes with its brand, leadership and financial standing.
Although Black Friday 2019 witnesses a steep slump in offline shopping, it gains traction from a solid surge on the online platform. Given this scenario, we enumerate some winners and losers.
The company officially regained compliance on Nov. 29 after announcing in August that it was no longer in compliance with listing standards.
Although J. C. Penney (JCP) is grappling with soft comps, its turnaround efforts, including store renovation, product launches and inventory management, bode well.
While investing in any of the retail stocks could reward investors throughout Cyber Week, a diverse approach in a basket form can also be a great choice.
As consumers flock towards their preferred retailer for Black Friday savings; the battle for top retailer may show how Streaming Giant Netflix may be in big trouble.
Early data into the Yahoo Finance newsroom indicates Black Friday and holiday sales will break records. According to Adobe Analytics online retail sales on Thursday are expected to hit $4.4 billion. That would be up 18.9% year-over-year. But those profits won’t necessarily help those troubled retailers who are expected to close brick and mortar stores.
More than 165 million people are expected to go shopping between Thanksgiving Day and Cyber Monday this year, according to the National Retail Federation. See also: Which stores are open on Thanksgiving? Because of how late Thanksgiving falls on the calendar this year, there are six fewer shopping days this holiday season.
Cyber Monday sales hit a record high with consumers spending approximately $9.2 billion in online sales on Monday alone. Yahoo Finance’s Adam Shapiro, Julie Hyman, Rick Newman and Interactive Brokers Chief Strategist Steve Sosnick discuss on On The Move.
Every year it seems like Black Friday shopping starts earlier and earlier and Yahoo Finance's Brian Sozzi was out in the stores all day on Thanksgiving to see if people were shopping and where.