2.60 -0.04 (-1.52%)
After hours: 7:58PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||2.46 - 2.65|
|52 Week Range||2.25 - 4.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.35|
J.P. Morgan Analyst Matt Boss breaks down what to expect from a big week of retail earnings, with reports expected from Home Depot, Macy's, Walmart, Nordstrom and J.C. Penney.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Friday.
Nordstrom (JWN) has exceeded analysts’ earnings estimates in seven of the past nine quarters. Nordstrom is scheduled to announce its fiscal second-quarter results on August 16. Nordstrom’s fiscal first-quarter adjusted EPS of $0.51 handily exceeded analysts’ consensus expectation of $0.43.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? Kohl’s (KSS) is slated to announce second-quarter results on August 21. Analysts expect Kohl’s to report net sales growth of 2.7% to $4.26 billion in the second quarter.
On August 10, Wedbush initiated coverage of Nordstrom (JWN) stock with a “neutral” rating and a price target of $55. As of August 13, Nordstrom stock was rated a “hold” by 17 of the 24 analysts (71%) covering the stock. Five analysts rated it a “buy,” and five rated it a “sell.” Nordstrom is scheduled to announce its fiscal second-quarter results after the markets close on August 16.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? Kohl’s current dividend yield of 3.2% is based on a closing price of $76.42 as of August 13. The dividend yield represents cash flow received by an investor for each dollar invested in the company’s stock.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? Analysts remain on the sidelines about Kohl’s (KSS) ahead of its upcoming second-quarter results on August 21. For the fiscal second quarter, Wall Street analysts have projected net sales to grow 2.7% to $4.3 billion.
Earnings season is winding down but that’s when we hear from most of the retailers. This week, over 200 companies will report earnings including the big box and department store retailers. 1. Tapestry, Inc. (NYSE:TPR) has missed only once in the last 5 years but shares took a big dive after the last earnings report.
JCPenney (JCP) delivered lower-than-expected losses in the first quarter of fiscal 2018, which ended on May 5. JCPenney is scheduled to announce its fiscal second-quarter results on August 16. JCPenney’s adjusted loss per share of $0.22 in the first quarter of fiscal 2018 was disappointing compared to an adjusted EPS of $0.01 in the first quarter of fiscal 2017.
CSX, Cheesecake Factory, Tapestry, Home Depot, Macy???s, Walmart and J.C. Penney highlighted as Zacks Bull and Bear of the Day
Macy’s (NYSE:M) has been one of the bigger beneficiaries. Of course, Macy’s is only cheap if it can get back to stable profits, if not outright growth. Fundamentally, Macy’s has reasonably soft expectations from a headline standpoint in the quarter.
As of August 10, 13 of the 16 analysts (81%) covering JCPenney (JCP) stock had a “hold” recommendation for the mid-tier department store chain. There have been no major changes in analysts’ ratings for JCPenney stock over the last two months. JCPenney is leaving no stone unturned to boost its sales and thrive in a tough retail market where players are facing intense competition from online retailers such as Amazon (AMZN).
JCPenney (JCP) stock was down 23.4% YTD (year-to-date) as of August 10. A dismal performance in the fiscal first quarter adversely impacted the stock. Since the announcement of its first-quarter results in May, JCP stock has fallen 21.2%. The company reported a net sales decline of 4.3% compared to peers Macy’s (M) and Kohl’s (KSS), which both reported sales growth of 3.6%.
Spending at retailers — excluding automobiles, gasoline stations and restaurants — is now predicted to climb at least 4.5 percent, The National Retail Federation says in its updated outlook for 2018. Retailers including Home Depot, Walmart and Macy's are set to report earnings later this week, which will offer a look at how these companies feel ahead of the all-important holiday season. Retail sales in 2018 are now forecast to climb higher than what had been expected thanks to U.S. tax reform and other upbeat economic indicators, according to an industry trade organization.
JCPenney (JCP) is expected to announce its results for the second quarter of fiscal 2018 on August 16. In the first fiscal quarter, it disappointed investors with a 4.1% decline in revenue to $2.67 billion. Its revenue is comprised of its retail net sales and credit income.
The ratings on eight 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 5.3% of the current pooled balance, compared to 3.4% at Moody's last review. Moody's base expected loss plus realized losses is now 5.0% of the original pooled balance, compared to 3.0% at the last review.
Can Macy’s Continue to Deliver Improved Results? After declining for 11 quarters, Macy’s (M) sales grew 1.8% in the fourth fiscal quarter of 2017 and 3.6% in the first fiscal quarter of 2018. Macy’s merchandising efforts, focus on e-commerce sales, and other growth strategies are helping the company deliver improved top-line numbers.
Macy’s (M) is scheduled to report its second fiscal quarter results on August 15. Investors are hoping that Macy’s performance continues to improve. Macy’s reported sales growth in the fourth fiscal quarter of 2017 and the first fiscal quarter of 2018 after having lower sales for 11 consecutive quarters.