|Bid||0.00 x 900|
|Ask||0.00 x 4000|
|Day's Range||1.93 - 2.02|
|52 Week Range||1.60 - 4.75|
|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|
Moody's rating action reflects a base expected loss of 3.5% of the current balance, compared to 4.0% at last review. The total portfolio comprises 1,726 multifamily units and 37 retail units totaling 41,160 SF.
Moody's Investors Service, ("Moody's") has affirmed the ratings on twelve classes in JPMBB Commercial Mortgage Securities Trust 2014-C24 as follows: Cl. A-2, Affirmed Aaa (sf); previously on ...
Despite heavy investments, Kohl’s Corporation (KSS) is committed to its share buyback program. Share repurchases improve a company’s EPS by reducing the average share count. For the first half of fiscal 2018, Kohl’s repurchased 2.5 million shares.
Over the trailing ten quarters, Kohl’s (KSS) has beaten Wall Street analysts’ estimates eight times, missing its estimates on two occasions. Kohl’s adjusted EPS for the first quarter totaled $0.64—much better than analysts’ estimates of $0.50 for the first quarter and $0.39 reported in the first quarter of 2017. Kohl’s second-quarter adjusted EPS came in at $1.76, easily beating the analyst estimate of $1.64.
J. C. Penney (JCP) may not deserve a place in your portfolio for now but the Retail-Wholesale sector is not devoid of stocks with sound fundamentals.
Kohl’s (KSS) has beaten its sales estimates in the first quarter and the second quarter. Kohl’s has reported YoY (year-over-year) growth of 3.6% in the first quarter and 3.9% YoY growth in the second quarter. In the first quarter, Kohl’s total revenues (net sales plus other revenues) rose 3.5%. Kohl’s total revenues for the second quarter rose ~4.0%.
In the past 15 days, there has been just one price target action for Kohl’s (KSS) stock. On September 4, Goldman Sachs initiated coverage on Kohl’s stock with a “buy” rating and a price target of $91.00. Under its multiyear Greatness Agenda strategy, Kohl’s is revamping its merchandise assortment, emphasizing the omnichannel/digital experience, and optimizing its marketing spending across channels.
Can Kohl’s stock sustain its momentum? Kohl’s (KSS) stock has risen 46.2% year-to-date. The growing clout of online retailers has adversely impacted department stores’ business. As a result, department stores such as Kohl’s have taken to expanding their digital—especially mobile—and omnichannel capabilities to retain their market share.
Big retailers are hustling to speed some shipments through ports and bracing for higher costs next year from the U.S. decision to impose tariffs on Chinese bicycles, handbags and thousands of other consumer goods, though the cost increase won’t hit most holiday items. President Trump said Monday he would slap the new tariffs on about $200 billion in Chinese imports, including typical holiday purchases such as Christmas lights and wrapping paper. The timing means most holiday goods for 2018 aren’t likely to be subject to big price increases, said industry consultants and executives, because many leading chains like Walmart Inc. and J.C. Penney Co. already have imported most of their winter items, and the strong U.S. economy will allow retailers and their suppliers to absorb much of the initial costs.
Moody's rating action reflects a base expected loss of 6.0% of the current pooled balance, compared to 6.2% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Sears and J.C. Penney are two of America's oldest retailers, both charting a history of over 100 years. As Jim Cramer pointed out this morning, Sears is on the brink of disappearing even from its share donor status to competitors, which is more bad news for J.C. Penney.
Moody's Investors Service, ("Moody's") has affirmed the ratings on thirteen classes in WFRBS Commercial Mortgage Trust 2014-C24, Commercial Mortgage Pass-Through Certificates Series 2014-C24 ...
decline in recent years has left competitors cleaning up and profiting off the remains of the struggling retailer. The once-great retailer with a storied history dating back over 100 years has been on life support in its old age and its competitors are happy to take market share while the company attempts to recover. Target soared 35.1% year to date, Kohl's gained 46.7%, Macy's increased 41.1%, Home Depot advanced 10.2%, Best Buy 15%, and Amazon whopping 69.1%.
Corporations are preparing for the arrival of Hurricane Florence on the East Coast of the U.S. by shuttering factories and encouraging workers to keep their homes and families safe from the Category 3 storm. The projected path may affect more than 4,000 manufacturing and distribution facilities in the Carolinas and Georgia, potentially hurting multiple sectors including auto-parts and packaged foods, according to Bloomberg Supply Chain data. Swiss pharmaceutical company Novartis AG has closed its production site in Wilson, North Carolina, through Sunday and expects to resume operations on Monday.
If you want to know who really controls J C Penney Company Inc (NYSE:JCP), then you’ll have to look at the makeup of its share registry. Institutions will often holdRead More...
Francesca's Holdings Corp. shares plummeted 32% in Tuesday trading after the specialty retailer reported an earnings miss and lowered its sales guidance for the second half of the year. The stock drop puts the company on a path to the biggest percentage decline ever. Chief Executive Steven Paul Lawrence attributed the disappointing second-quarter results to weak brick-and-mortar traffic and a 13% same-store sales decrease. "What is clear from the second-quarter results is that it is taking us longer than anticipated to turn the corner and to get our core guest to reengage and shop with us with the same frequency that she has in the past," Lawrence said on the earnings call, according to a FactSet transcript. "While we are seeing improvement in many of our key metrics, our slowdown in traffic is indicating to us that it'll take time to regain her trust and win her back." One strategy for growth will focus on e-commerce, which has grown double digits, Lawrence said. Francesca's has brought on a consultancy to help with its plans. However, even with a plan in place, it's hard to get a shopper to return once they've walked away, Christina Boni, vice president at Moody's, told MarketWatch for this story about J.C. Penney Co. Inc. . Francesca's shares are down more than 45% for the year so far, while the S&P 500 index has gained 8.1%, and the SPDR S&P Retail ETF has gained 15.5% for the period.
Nordstrom’s (JWN) revenue grew 6.7% to $7.6 billion in the first half of fiscal 2018. Nordstrom’s fiscal second-quarter revenue growth was higher than its 3.9% growth in the second quarter of fiscal 2017 and 6.2% growth in the first quarter of fiscal 2018. Nordstrom’s revenue comprises its retail net sales and credit card revenue.
Nordstrom (JWN) stock surged 4.6% last week. The upscale department store is up 38.7% on a YTD (year-to-date) basis. On September 4, Goldman Sachs initiated coverage with a “buy” rating and a price target of “73,” and the stock reacted positively.
J.C. Penney, the legendary middle American department store mired in a long, long slump, has just introduced the Lionel Richie Home collection of sheets, pillowcases and comforters. Mr. Richie, a multi-platinum pop star (“All Night Long,” “Hello,” “Three Times a Lady”) whose heyday is three decades past, will now market reasonably priced bedding to consumers whose heyday is also a few decades past—and to a smattering of irony-minded hipsters. Why has it taken so long for pop stars to invade the home goods universe?
Moody's rating action reflects a base expected loss of 69.3% of the current pooled balance, compared to 68.8% at Moody's last review. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
The ratings on the 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 4.8% of the current pooled balance. Moody's provides a current list of base expected losses for conduit and fusion CMBS transactions on moodys.com at http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF215255.
As the busy holiday season fast approaches, some of the biggest retailers are feeling a shortage of holiday workers to fill the spots.
Sep.12 -- Bloomberg's Christine Burke takes a look at some of the big stories of the day on "Bloomberg Daybreak: Middle East."