61.00 -0.10 (-0.16%)
After hours: 6:17PM EST
|Bid||60.55 x 800|
|Ask||61.45 x 800|
|Day's Range||60.81 - 65.24|
|52 Week Range||38.56 - 67.75|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||20.17|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||1.48 (2.26%)|
|1y Target Est||61.17|
Nordstrom, Inc. announced today that its board of directors approved a quarterly dividend of 37 cents per share payable on December 11, 2018, to shareholders of record at the close of business on November 26, 2018.
Macy's earnings easily beat Q3 views with a surprise gain and the nation's biggest department store chain suggested a strong holiday quarter. But Macy's stock dived.
Macy's is using four of its existing stores to test as "neighborhood" locations, where it will cut as much as a fifth of square footage. CEO Jeff Gennette told CNBC the company could bring in other retailers, expand its Backstage locations or create mini-fulfillment centers with the extra space. Macy's M is testing smaller stores to save money , leaving it with room to bring in new concepts.
Nordstrom (JWN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The department store chain is calling for a strong holiday quarter. Macy's M on Wednesday reported quarterly earnings that topped analysts' expectations, saying strong digital sales boosted results, while the retailer continues to make investments to improve its stores. The department store chain also raised its earnings outlook for the full year, expecting a strong holiday quarter.
Shares of Macy's (M) sunk 3.40% during regular trading Tuesday in a sign that investors might be nervous about the department store giant ahead of the release of its Q3 financial results Wednesday.
Given continued favorable trends in the broader economy, it is reasonable to be optimistic about earnings results from the traditional brick-and-mortar retailers and their stock prices.
Macy's is currently turning four of its stores into "neighborhood" locations with less square footage. Macy's M is testing smaller stores to slash expenses on staffing and inventory, according to a report by The Wall Street Journal . The department store chain currently is trying the idea at four locations, including at Stamford Town Center in Connecticut, to cut its real estate by as much as a fifth there and turn those shops into "neighborhood stores." It mimics similar initiatives already taken by rivals Kohl's KSS and Nordstrom JWN .
Will JCPenney’s Q3 Results Bring Investors Some Hope? JCPenney’s (JCP) revenues fell 4.1% and 7.8%, respectively, in the first and second quarters of fiscal 2018. Overall, JCPenney’s revenue fell 6.0% to $5.50 billion in the first six months of fiscal 2018.
Your stocks to watch this week are five highly rated retail stocks trading in or near buy zones: Burlington Stores (BURL), O'Reilly Automotive (ORLY), Nordstrom (JWN), Kohl's (KSS) and Costco Wholesale (COST).
JCPenney (JCP) stock was down 57.6% YTD (year-to-date) on November 9. JCPenney is scheduled to announce its earnings results for the third quarter of fiscal 2018 on November 15. In contrast to JCPenney, the stocks of peers Kohl’s (KSS), Macy’s (M), and Nordstrom (JWN) have risen 51.2%, 50.0%, and 38.2%, respectively, YTD (year-to-date).
was discussed at the beginning of Jim Cramer's Mad Money program this past Friday night. Cramer was bullish on JWN and three other names, but noted that Nordstrom had run up going into earnings. In this daily bar chart of JWN, below, we can see that JWN has trended higher the past 12 months, but some bearish divergences have appeared making me cautious about the direction of prices in the weeks ahead.