|Bid||1.01 x 800|
|Ask||0.00 x 900|
|Day's Range||66.84 - 68.67|
|52 Week Range||57.89 - 83.28|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||13.85|
|Earnings Date||May 21, 2019|
|Forward Dividend & Yield||2.68 (3.92%)|
|1y Target Est||76.56|
I've long been a skeptic of Under Armour (NYSE:UA,UAA) stock -- and, of late, the market has disagreed. Under Armour stock took a hit in December, with the rest of the market. But the more expensive UAA stock has rallied 26% so far in 2019 and now trades at almost double late-2017 lows.Source: Shutterstock * 10 Stocks on the Rise Heading Into the Second Quarter As confusing as the odd and seemingly permanent valuation gap between UA and UAA stock is, the market's patience is equally perplexing. UAA stock plunged after disappointing five-year targets were disclosed at the December Investor Day. The market seems to have forgotten all about that. Fourth-quarter earnings were not impressive -- but Under Armour stock gained regardless.Now, one of Under Armour's key customers has said the brand is in trouble. And while that customer sees hope, that news alone should drive further skepticism that Under Armour can grow into its valuation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dick's Sporting Goods and Under Armour StockSo, again, Under Armour continues to be difficult…We've been able to replace to lost Under Armour apparel business with other brands in the stores at this point. And to the extent that we can get that Under Armour business into a better position going forward it would bode better for the business as well.That statement comes from Dick's Sporting Goods (NYSE:DKS) chief financial officer Lee Belitsky on his company's Q4 conference call this week. It seems rather damaging to Under Armour, though it's worth pointing out the quote isn't quite as negative as it seems at first blush.After all, part of the issue for Dick's is that Under Armour has expanded its distribution. The problem isn't only Under Armour isn't selling at Dick's (though that is true), but that's it's selling elsewhere too. And CEO Ed Stack did say his company was "much more enthusiastic" about the brand going forward, echoing commentary from the third-quarter conference call.Still, the weakness at Dick's, which persisted into the key holiday quarter, does seem like an issue for Under Armour. This is a stock still priced at 45 times 2020 earnings-per-share estimates. It's a turnaround play which requires years of growth -- but, more importantly, margin expansion.As I've detailed in the past, to expand those margins toward those of rivals Nike (NYSE:NKE) and adidas AG (OTCMTKS:ADDYY), Under Armour needs more full-priced selling. The weakness at Dick's shows that's not happening yet -- which is a big risk to UAA stock. Sales ElsewhereAgain, Dick's management sees better days ahead. But with DKS stock back at 2011 levels, investors would do well to not quite take their word for it. And it's useful to look at another retailer to see where Under Armour is growing.That retailer is Kohl's (NYSE:KSS). Per Kohl's Q4 call, growth for Under Armour was positive in Q4. It was one of the three brands (along with Nike and adidas) that "continue[d] to perform well" in Q3. According to the Q2 call, it "has delivered very strong growth in its second year" of being distributed at Kohl's.What's the difference? The difference is that Kohl's is a lower-priced retailer that sells lower-priced Under Armour product. It's that product that is moving -- not the premium merchandise (and footwear) being shipped to Dick's locations.The difference between the two chains seems to highlight the key risk to Under Armour stock. Again, Under Armour itself isn't expecting to grow into its valuation by accelerating revenue growth back into the mid-teens. It's supposed to steadily, but surely, expand margins in North America while driving renewed growth overseas. * 10 Most Expensive Cities in the World 2019 If Under Armour can't sell at full price in the U.S., that margin expansion disappoints. Those five-year targets are missed. And, given that investors dumped the stock when those targets were announced, it's hard to see how a miss means anything other than a decline in UAA stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Key Retailers Raise Serious Concerns About Under Armour Stock appeared first on InvestorPlace.
Kohl’s Corp. plans to contribute $1.5 million over three years as a grant to Discovery World. The funds target increased access to science, technology, engineering and math education for children and families in Milwaukee’s most vulnerable communities, according to a news release from the Menomonee Falls-based retailer. Discovery World, a family-friendly science and technology center on Harbor Drive near Milwaukee’s lakefront, will allocate the donation toward two main efforts. Students from more than 250 qualifying schools can visit Discovery World to participate in the Kohl’s Design It! lab for free. The lab offers a hands-on, educational program that aims to help students and families harness technology. At least 50 percent of the student population lives in poverty at qualifying schools, the release says. The mobile lab will also travel to organizations in the Milwaukee area and qualifying schools to introduce families and students to STEM fields through demonstrations and hands-on activities.
Shopko is going out of business after more than half a century serving the northern U.S. Its demise will put more than $2 billion of annual sales up for grabs.
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Kiosks to pave the way for larger storesAmazon (AMZN) will shut down all of its 87 pop-up kiosks across the United States by the end of April. The pop-up kiosks that
Kohl’s (KSS) announced it will award a $1.5 million grant to Discovery World, over three years, to increase access to science, technology, engineering, and math (STEM) education for children and families in Milwaukee’s most vulnerable communities through Kohl’s Design It!, a hands-on, educational program that encourages students and families to use technology to turn imagination into reality.
The rating approach for securities backed by a single loan compares the credit risk inherent in the underlying collateral with the credit protection offered by the structure. The structure's credit enhancement is quantified by the maximum deterioration in property value that the securities are able to withstand under various stress scenarios without causing an increase in the expected loss for various rating levels.
The ratings on nine principal and interest (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 4.2% of the current pooled balance, compared to 5.3% at Moody's last review. Moody's base expected loss plus realized losses is now 2.0% of the original pooled balance, compared to 2.6% at the last review.
Shares of Costco Wholesale (NASDAQ:COST) jumped 5% trading following the warehouse retailer's positive earnings news on March 7. But broader market pressure put a damper on COST stock despite strong results. But it's because of those good results that this action caught our eye. After the big move, Costco stock continued to climb, leaving many investors to wonder what to do now.Is there still time to get long?Costco stock is setting up as a solid long for several reasons. Let's discuss three of them.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Costco Stock EarningsFor the fiscal second quarter, Costco stock reported earning per share of $2.01, 31 cents ahead of expectations. That 18% earnings surprise pushed the performance up more than 40% year-over-year (YoY). However, revenue of $35.65 billion came up short by more than $250 million, despite growing more than 7.2% YoY. A bottom-line beat and top-line miss can spell trouble for a stock, particularly on a bad market day like the one we had on Friday. * 15 Stocks Sitting on Huge Piles of Cash But that wasn't the case for COST stock and I think it's due to the strength in the business once we dig past the headline results. Forex and gas deflation weighed on revenue, as did the weather in some cases. Given the winter we've had, it's hard to deny that as a factor. If these issues caused the miss, investors were apparently fine with overlooking the sales shortfall. Further, U.S. comp-store sales jumped 7.2% YoY, but online sales were even more impressive. E-commerce comps jumped 25.5% YoY, showing just how well Costco is adjusting its business model for its customers.To be sure, the results could have been stronger, but it was still a pretty good showing for one of the market's premier retailers. Coupled with some of the catalysts below, the report is enough to help, not hinder COST stock. Trading Costco Stock Click to EnlargeAfter a solid rally on Friday, March 8, COST stock followed up with an explosive move higher on the following Monday and Tuesday. All told, shares are now up around 8% since reporting earnings. However, according to the relative strength index, the stock price was overbought in the short-term. As shown in the chart above, over the past 12 months this type of condition has tended to put pressure on Costco stock in the short term.If we get that here, I would love to see a few days of sideways action and/or a slight pullback. It would be a very healthy way for Costco stock to digest the big rally. On a pullback, it would be bullish to see the $230 level hold as support and give its 20-day moving average a chance to catch up to the move.If COST stock starts to move higher again, $240 could be a reasonable upside target, with former highs near $245 as the second target. On the downside, I'm watching $230. If it doesn't hold, I want to see the 20-day or uptrend support hold. Below $225 and Costco stock will be concerning from the long side over the short-term.Overall though, it's hard to be too bearish after a rally like this. Analysts Are Boosting EstimatesWe're halfway through Costco's fiscal year and full-year estimates are impressive. Analysts now expect the company to earn $7.92 per share, up 11.7% from last year, with 7.7% sales growth. For next year, consensus expectations call for a deceleration in growth as analysts expect earnings and revenue to grow 7.4% and 6.9%, respectively.It's worth pointing out that current-year estimates of $7.92 per share are up from $7.76 just a week ago. Still, Costco stock trades at a premium, at 29 times this year's earnings. That's in-line with its five-year average, while its forward price-to-earnings ratio of ~27 is roughly in-line as well. However, COST stock is trading at a premium to some of its other metrics. * 15 Stocks That May Be Hurt by This Year's Big IPOs Is that premium deserved? Like Home Depot (NYSE:HD) and other premier companies, Costco knows it won't dominate Amazon (NASDAQ:AMZN). Because it collects an annual fee from its 52 million members and retains a high percentage of those members (with a retention rate above 90% last quarter), Costco has flexibility. Its online and same-day delivery show strong growth and Costco will be one of the companies that not only survives but thrives from e-commerce growth.When it comes to dividend yield, Costco is no Kohl's (NYSE:KSS), as it pays out just 1%. However, last April the company bumped this payout by 14%, which is roughly in-line with its five-year average of 14.5% annual dividend growth. That's a solid raise to receive each year, particularly considering how well COST stock has done in that span as well, up 105%.Costco stock isn't cheap, but it deserves its premium valuation as a blue-chip retailer.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 3 Reasons to Buy Costco Stock After Strong Earnings Show Business Strength appeared first on InvestorPlace.
How Is JCPenney Stock Positioned in 2019?(Continued from Prior Part)Dismal sales in fiscal 2018JCPenney’s (JCP) revenue (net sales and credit income) declined 8.4% to $3.79 billion in the fiscal 2018 fourth quarter but stayed ahead of analysts’
It's tempting to try and wait it out. Give J. C. Penney Company (NYSE:JCP) enough time, it will win by attrition. Sears Holdings (OTCMKTS:SHLDQ) is on it last leg, and Amazon.com (NASDAQ:AMZN) can only offer so much of an apparel browsing experience.Current and prospective owners of JCP stock who are willing to hold out hope, though, may want to dial back their expectations. Relatively new CEO Jill Soltau may have a wealth of the right experience but she's inherited a machine that's beyond repair.The JCPenney's brand will likely always be around, in one way or another. But, the retailer as we (still) know it today just wasn't built to last.InvestorPlace - Stock Market News, Stock Advice & Trading Tips An Inevitable FateSoltau seems more than qualified. Prior to assuming the helm for Penney's, she was CEO of Jo-An Stores, served as president of Shopko and did stints with Sears and Kohl's (NYSE:KSS) in senior positions.Managing and marketing the merchandise, however, isn't the problem.Rather, the problem has been and remains a problem of relevancy. Consumers don't shop the way JCPenney sells anymore. Last August, GlobalData Retail analyst Neil Saunders opined that Penney's suffers a "lack of understanding about what it is, what it stands for, and who it wants to serve." * The 10 Best Stocks to Buy for the Bull Market's Anniversary Those are blunt words, but arguably understate why the retailer remains on the defensive and is still being forced to close stores; 27 more units were put on the chopping block last month.Some investors who've followed the saga for a while will track the beginning of the end back to 2012, shortly after former Apple (NASDAQ:AAPL) executive Ron Johnson took the helm, ran it like Apple's stores, alienating its core customers. An aggressive 'shop within a store' strategy also turned out to be a bit overwhelming.And to be fair, there's some truth in the idea that Johnson put the company -- and JCP stock -- on a path toward destruction. It's unlikely anyone else would have sidestepped the company's inevitable end though. Penney's, as a premise as well as a brand, is a relic. A Relevancy ProblemIn simplest terms, with the exception of its Sephora cosmetics shops, JCPenney doesn't offer shoppers anything they want that they can't get somewhere else faster, cheaper or better. And, even as successful as Sephora's presence has been, these shops have used up valuable in-store square footage……not that it matters.Penney's spent the past several decades teaching the world it was in the middle: the place for middle-income, middle-class, middle-aged people to purchase moderately priced goods of moderate quality. It certainly offered the occasional novelty item or aspirational type of merchandise, but by and large, the company offered a decent variety of respectable value.Value doesn't mean much anymore, particularly when it comes from JCP. Younger apparel buyers prefer cheap fast fashion from a store other than "grandma's favorite place to shop," and for even the middle-aged crowd that the retailer could best address, they're not buying what JCPenney is selling. Consumers are either going hyper-casual (think athleisure) or over-the-top. JCPenney can offer neither.The same goes for goods like housewares. Consumers, broadly speaking, are willing to shell out big bucks for top-of-the-line goods from Williams-Sonoma (NYSE:WSM), or are perfectly content with that simple mixer from Walmart (NYSE:WMT).And yes, to the extent JCPenney might still be able to draw a crowd with its merchandise, consumers have largely given up on malls. They consume too much time -- the commodity people find most valuable right now. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio As Mark Cohen, the director of retail studies at the Columbia Business School, described Penney's stores in November, "They're in a leaky boat that eventually will sink. The prognosis for the future is not happiness." Bottom Line for JCP StockTo her credit (and possibly good for JCP stock), Soltau is arguably the best CEO the retailer has had in years. She knows what JCPenney is, and what it isn't. It's unlikely she would have ever pushed the introduction of home appliances into the mix, as her predecessor did with poor results.Indeed, the very presence of refrigerators and washing machines may have damaged the company's remaining credibility as an apparel venue.Knowing what the company is and isn't, however, doesn't inherently mean JCPenney can become what it needs to become. With malls as a shopping venue in trouble and consumers valuing time above all else -- and devaluing value merchandise relative to super-cheap or ultra-high-end goods -- the retailer doesn't have much of a future. It may not have any future, making ownership of JCP stock a risky bet.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post Like Its Stores, JCPenney Stock May Simply Be Too Far Gone to Salvage appeared first on InvestorPlace.
My InvestorPlace colleague Dana Blankenhorn recently wrote about the death of retail stocks. His conclusion was simple. Only those retailers who are saving people time and/or money will survive. End of story. Whether you're brick-and-mortar, online only, or omnichannel, consumers are no longer interested in a leisurely stroll at the mall. They want to get in and get out. Even better if they never have to step foot in one ever again. InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, I'm simplifying Dana's conclusions. He does mention several old school retailers who're doing well including Kohl's (NYSE:KSS) and Target (NYSE:TGT), but if you work in retail and are looking for a happy ending, Dana's not the person to perk you up. I don't see retail in quite the same light. Sure, stores are still closing, but it's my belief that everything happens for a reason. In this case, retailers opened too many stores, and landlords willy-nilly took on their leases with no thought about the long-term health of their malls. * The 10 Best Stocks to Buy for the Bull Market's Anniversary Across the globe, there continue to be stories of retail stocks winning in 2019 and beyond. These are my best bets. Tractor Supply (TSCO)Any time I read a story about this Tennesse-based lifestyle retailer, I'm tickled pink. I haven't written about Tractor Supply (NASDAQ:TSCO) much in recent years -- I recommended TSCO stock in March 2015 shortly after it was added to the S&P 500 -- so when I saw Market Watch contributor Tonya Garcia's recent story about the company, I just had to put it on my list. As Garcia states, Tractor Supply serves consumers looking for the rural lifestyle. The weekend warrior if you will. "We sell everything else but the tractor. Anything for an authentic rural lifestyle," Mary Winn Pilkington, vice president of investor relations and PR at Tractor Supply, told Marketwatch. "We like to say that our team members not only know our customers names, we know their animals names."The beauty of Tractor Supply is that almost everything it sells you can buy elsewhere. However, by going to TSCO, you're avoiding multiple stops. That's one of its biggest advantages. The other is a loyalty program 11-million strong that generates half its annual revenue. Should the economy go in the tank, Tractor Supply is a retail stock that won't be nearly as vulnerable to shifting consumer sentiment. Lululemon (LULU)Although I didn't pick Lululemon (NASDAQ:LULU) in InvestorPlace's 10 Best Stocks for 2019 -- that honor goes to Canada Goose (NYSE:GOOS) which I discuss below -- I kind of wish I had. I got my wife a LULU gift card for our wedding anniversary in February. We recently stopped in at the only Lululemon store currently open in Halifax; it was packed on a Saturday afternoon. So busy, in fact, that we decided to leave because we couldn't any service. Now don't misinterpret what I'm saying. Would I have liked to have gotten better service? Sure. But if you know anyone who's worked in retail for a long time, sometimes a store gets so busy, service standards go out the window. I've been in plenty of LULU stores and know it generally brings good service to the table. I've been recommending LULU stock for a number of years because its apparel for both women and men is outstanding. So too are its same-store-sales growth and profit margins. It also doesn't hurt that analysts like it. "Lululemon has an enviable competitive position with a powerful combination of highly productive stores, aspirational proprietary product, a healthy e-commerce channel, and the potential to still more than double revenue as the concept continues to expand around the globe," analysts from William Blair wrote. * 7 Dark Horse Stocks That Deserve Your Attention in 2019 I couldn't agree more. Canada Goose (GOOS)Although I picked Canada Goose as the best stock for 2019, I personally wouldn't own it given I disagree with its treatment of coyotes and geese. Recently, Bill Maher, the host of HBO's hit show, Real Time, had some not-so-kind words for the company. "New rule: No more d**ches. I mean the hipster d**ches who piss away $1,000 on a Canada Goose parka and the hipsterazzi who max out their credit cards to look like them," Maher said. He went on to describe how coyotes and geese are mistreated in the name of commerce. To be fair, Canada Goose maintains that PETA misrepresents the truth and has for some time. Suffice to say, it's an ongoing debate. However, just because I disagree with the company's choice of materials, doesn't mean I can't defend its business model. From a purely business perspective, its sales growth, profit margins, and perfect balance between wholesale, brick-and-mortar, and e-commerce makes it a very competitive retailer. CEO Dani Reiss is a billionaire as a result of the company's success. If he and all of the other Canada Goose employees can sleep at night, who am I to doubt the veracity of its claims. Best Buy (BBY)MarketWatch contributor Jeff Reeves recently published an article that counters the idea that brick-and-mortar retail is dead. Best Buy (NYSE:BBY) and the next two stocks that follow are three of Jeff's ideas that I also believe make sense. The Best Buy of today is nothing like the struggling electronics retailer CEO Hubert Joly took over in 2012. In six years, it's figured out how to utilize its overly large real estate footprint, to battle Amazon (NASDAQ:BBY) in the e-commerce arena, something no one could have imagined it could do when Joly came on board. It's one of the biggest success stories in 21st century retail. On February 27, Best Buy announced adjusted earnings per share in the fourth quarter of $2.72, 16 cents higher than the consensus estimate. Equally as impressive, analysts expected same-store-sales growth of 1.8% in the quarter. It delivered 3%, well ahead of expectations. To celebrate the solid year, Best Buy also announced it was increasing its quarterly dividend by 11% to $0.50 a share. Paying $2 on an annual basis, BBY stock yields a healthy 3.0%. In fiscal 2020, Best Buy expects earnings per share as high as $5.65 a share, 6% higher than the past year. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio As long as Joly is in the top job, all is well at Best Buy. Bed, Bath & Beyond (BBBY)Although Best Buy and Bed, Bath & Beyond's (NASDAQ:BBBY) stock tickers are very similar, the state of their businesses, not to mention their respective valuations, are entirely different. As Reeves suggested, BBBY is a value play, trading at 8.5x forward earnings and 0.2 times sales. By comparison, BBY is trading at 12.1x forward earnings and 0.4 times sales. That's a big difference when you consider that its stock is up 35% year to date through March 7.Before we get too excited, it's important to remember that Bed, Bath & Beyond's business has been in decline for a couple of years. A better-than-expected Q3 2018 report in January helps, but when you've been experiencing declining same-store sales for several quarters, that's not going to get BBBY's stock price back into the $80s where it traded in 2015. On the plus side, BBBY finished the third quarter with $1 billion in cash and short-term investments, double the amount a year earlier. In the first nine months of 2018, Bed, Bath & Beyond's free cash flow was $408 million, 79% higher than in the same period last year. I could think of worse things to do than getting paid $0.64 annually in dividends (4.1% yield) while you wait for BBBY stock to revert to its historical norms. It's not a slam dunk mind you, but if you're a value investor, it's still reasonably cheap. Five Below (FIVE)After three consecutive years with annual total returns of 20% or more, discount retailer Five Below (NASDAQ:FIVE) appears to be taking a breather so far in 2019. I first jumped on the Five Below bandwagon in April 2017 arguing that its $5 or less concept was very attractive to teens and pre-teen customers. As a result, it would deliver strong returns for shareholders over the next decade. I still feel this way. On March 7, Oppenheimer initiated coverage of the company with an "outperform" rating. "It operates a unique and defensible small-store format and enjoys significant opportunity for further, outsized unit expansion, for the foreseeable future," Oppenheimer analysts stated in a note to clients. "Improving brand recognition and a superior merchandising acumen position FIVE to capture share as other, less well-positioned operators falter… In our view, investors are apt to continue to pay up for industry-leading sales and EPS growth prospects…" * 15 Growth Stocks to Buy Under 15x Earnings Oh, and case you're wondering about the quality of management, CEO Joel Anderson used to be the CEO of Walmart's (NYSE:WMT) online division before joining Five Below in 2014. LVMH (LVMUY)Unless you live in Europe, you might not have heard of Bernard Arnault, CEO of LVMH (OTCMKTS:LVMUY), the company behind Christian Dior, Louis Vuitton, Glenmorangie, Veuve Clicquot, Guerlain, TAG Heuer, DFS, and Sephora. On March 7, Arnault moved into third place on the Bloomberg Billionaires Index with a net worth of $83.1 billion, surpassing Warren Buffett.Arnault got started in luxury goods in 1984, buying the bankrupt company that owned Christian Dior. Selling all of that company's assets (except for Dior), he piled that money into buying a majority stake in LVMH. The rest is history. In February, rumors started to circulate that LVMH was interested in acquiring Pernod Ricard (OTCMKTS:PDRDY), the French-based spirits company, whose brands include Chivas Regal, Absolute, Havana Club, and Jameson. While the Pernod-Ricard brands aren't nearly as high end as LVMH's, a possible deal in partnership with Diageo (NYSE:DEO) could allow it to buy back the 34% Diageo holds in LVMH's drinks business.With LVMH and Five Below in your portfolio, you'll cover the entire spectrum of consumer taste. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post 7 Retail Stocks Winning in 2019 and Beyond appeared first on InvestorPlace.
Kohls Corp NYSE:KSSView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is moderate Bearish sentimentShort interest | PositiveShort interest is moderate for KSS with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold KSS had net inflows of $3.46 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. KSS credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Today won't be the last good session we see this week, Jim Cramer told his Mad Money viewers Monday. That's because last week, investors became too negative, and eventually there was no one left to sell.
The department store chain is broadening its search for good tenants to take over excess space at dozens -- or even hundreds -- of its stores.
Rating Action: Moody's affirms eight classes of CSMC 2016- NXSR. Global Credit Research- 08 Mar 2019. Approximately $446.3 million of structured securities affected.
All indications suggested Ross Stores (NASDAQ:ROST) was firing on all cylinders. Now, not so much. Though the company recently reported fourth-quarter earnings per share that were in-line with analysts' consensus estimate, a tepid 2019 profit outlook sent ROST stock lower on Wednesday.Source: Nicholas Eckhart via Flickr (Modified) The salt in the wound: Shares of Ross' peers and rivals, Kohl's (NYSE:KSS) and Target (NYSE:TGT), both markedly rose on Tuesday following solid quarterly prints and impressive guidance. * 5 Airline Stocks In Serious Trouble The lackluster outlook might -- might -- be an attempt by ROST to lowball expectations of a company that's in the habit of topping them. The Q4 results marked the first time in eleven quarters that Ross Stores' EPS didn't beat the consensus outlook. It was also only the second time in the past sixteen quarters that ROST's EPS didn't come in above the consensus outlook.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf the tepid guidance is not just an effort to lower expectations, then ROST stock just became a very difficult retail name to own. Earnings RecapIt was seemingly going to be another great year for ROST stock. The company logged same-store sales growth of 3.0% during Q3 as well as in the first nine months of 2018. SSS growth ramped up to 4% in Q4. Furthermore, its Q4 numbers were up against same-store sales growth of 5.0% in the final quarter of 2017.Same-store sales growth didn't translate into earnings growth, though. Adjusted for a favorable outcome on a tax matter, profits per share of ROST stock rolled in at $1.13, falling a penny short of some estimates while matching others. Operating margins fell 1.35 percentage points to 13.2%, though that dip is at least partially attributable to higher freight and wage costs.Overall revenue of $4.1 billion was slightly better than Q4-2017's top line.The owners of ROST stock understandably viewed the glass as half-empty, however, in light of the company's guidance. ROST is only looking for same-store sales growth of between 1% and 2% this year, and though it plans to open approximately 100 new stores, the 99 it added last year didn't meaningfully boost its overall sales last quarter.CEO Barbara Rentler explained, "While we hope to do better, we continue to take a prudent approach to forecasting our business for 2019. Although we remain favorably positioned as an off-price retailer, we face our own difficult sales and earnings comparisons, a very competitive retail landscape, and an uncertain macro-economic and political environment." Drilling Down on ROST StockThe current overall retail environment is uncertain.While the initial retail spending report from the Census Bureau indicated that spending slowed in December, sales of clothing and accessories reportedly grew 4.7% in the final month of last year, playing right into Ross Stores' hand.And a lukewarm economy that keeps consumers in a "willing but cautious" spending mood against a backdrop of continued department store closures is the proverbial sweet spot for Ross Stores.The off-price retailer struggled to exploit the opportunity, though. Rentler specifically noted "weakness in our ladies apparel business during the holiday season." During the conference call, Rentler clarified that the weakness was primarily the result of the wrong balance of assortment in certain women's apparel galleries. Inventory levels, however, are not backed up headed into the spring season.One surprising bright spot was men's clothing. The Outlook of ROST StockWhile the off-price retail segment has been one of the industry's few bright spots , it's been suggested by multiple observers that saturation is becoming an issue for the sector, and that the best days of off-price retail may be in the rear-view mirror. A slowdown of closures of full-price department stores also poses a threat to ROST and its peers, as it's these liquidations that supply much of Ross Stores' inventory.The company's 2019 outlook tacitly underscored that concern.Rentler isn't worried about that possibility, though. She explained during the conference call "I don't think it's an off-price tougher to execute model, I don't think that's the issue. I think the issues were internal, self-inflicted. It's the assortment that we've built out for the customer, I don't think it has anything to do with the off-price model."Upcoming earnings reports from ROST's rival, Stein Mart (NASDAQ:SMRT), will add perspective to that discussion. Stein Mart is slated to post its fourth-quarter numbers in mid-March.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Ross Stores' Guidance Raises Fundamental Questions appeared first on InvestorPlace.