|Bid||15.18 x 3200|
|Ask||15.20 x 3100|
|Day's Range||15.17 - 15.75|
|52 Week Range||14.11 - 31.99|
|Beta (5Y Monthly)||0.62|
|PE Ratio (TTM)||4.90|
|Earnings Date||Feb 25, 2020|
|Forward Dividend & Yield||1.51 (9.61%)|
|1y Target Est||15.07|
Target has anchored the retail sector in 2019, outpacing its rivals by adapting successfully to a complicated and competitive landscape, and capitalizing on the increasingly digitized shopping experience for which consumers are clamoring.
As Macy’s stock is down nearly 50% this year, an analyst at Goldman Sachs downgraded Macy’s shares from ‘neutral’ to ‘sell’. Goldman Sachs sees a downside to Macy’s retail operations and overall business strategies. Yahoo Finance’s The Final Round breaks it down.
Macy’s shares are popping, despite Goldman Sachs lowering their rating on the retailer. Goldman’s analyst also slashed her price target on Macy’s to $12 a share. Yahoo Finance’s Seana Smith and Brian Sozzi discuss on The Ticker.
Macy’s shares are slipping after Goldman Sachs downgraded the stock to "sell" from "neutral." Goldman wrote that the company is suffering from contracting margins and earnings despite store closures and other cost-cutting measures. Yahoo Finance’s Dan Roberts, Julia La Roche and Brian Cheung break it down on YFi AM.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the electric vehicle leader and the result of a re-merger. Bearish calls also included entertainment ...
Small-cap stocks have underperformed this year because many individual investors have been liquidating stocks and mutual funds (“Small-Caps Break Out,” Cover Story, Dec. 6). Pension funds and other large investors have focused on S&P 500 index companies. The Russell 2000 index “broke out” this week when the weekly average inflows into equity funds rose to $2.9 billion for the first time in months.
Retail giant (COST) beat Wall Street estimates—by a lot. Costco (ticker: COST) might just be a victim of its own success. Wall Street was looking for earnings of $1.71 a share from about $36.4 billion in net sales.
(Bloomberg Opinion) -- Many of the retail industry’s challenges in 2020 will be familiar, such as adapting to the rise of e-commerce and trade-related uncertainty from Washington. But the lineup of CEOs navigating those conditions will include many new faces.There were more CEO exits in the retail industry in 2019 than in any year since at least 2010, according to data from Challenger, Gray & Christmas.(1)The leadership shake-ups in retail don’t appear to fit any particular pattern. There were carefully choreographed, harmonious baton passes, such as Best Buy Co. naming Corie Barry to succeed Hubert Joly. There were bombshells such as Steve Easterbrook’s abrupt ouster from McDonald’s Corp. over an inappropriate relationship with an employee. There were rebukes of poor performance, such as Art Peck’s departure from Gap Inc. And there were some left-field surprises, such as Tractor Supply Co. poaching Hal Lawton from Macy’s Inc.Retail’s recent bout of turbulence at the top is not such an outlier in corporate America; Bloomberg Opinion’s Stephen Mihm recently noted an uptick in CEO departures overall in the past few months. But it adds a certain intrigue about which retailers will end up in the winners’ circle next year.Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.CEO changes that are reason for optimism: By the time activist investor pressure finally led Bed Bath & Beyond Inc. to dump longtime CEO Steven Temares, the move was long overdue. But the board has scored by luring Mark Tritton — the chief merchant at its on-fire competitor, Target Corp. — for the job. Tritton’s experience creating covetable private-label brands and reimagining store displays are exactly what the big-box home goods chain needs. Meanwhile, though Gap has not yet named a permanent successor for the now-departed Peck, the company may be better off without a leader who tried but failed for five years to revive its flagship brand.CEO changes that are reason for pessimism: The biggest headscratcher comes from Nike Inc., which announced that CEO Mark Parker is to be replaced in January by John Donahoe, a former ServiceNow and eBay Inc. executive. Sure, Donahoe knows Nike’s business from serving on its board, but his tech-centric resume is a weird fit for a company that thrives on its marketing savvy and merchandising expertise. There is potential for trouble, too, in the leadership plans of Under Armour Inc., where founder Kevin Plank is set to relinquish the CEO title to COO Patrik Frisk in the new year. Plank is to become chairman and “brand chief,” and Frisk will still report to Plank. This set-up is reminiscent of when Ralph Lauren first tried to step back from the CEO role of his namesake company while staying on in a creative position. The fashion mogul clearly had trouble releasing the reins, and it cost the company a highly capable CEO, Stefan Larsson.(2)Elsewhere in the apparel world, Ascena Retail Group Inc., corporate parent of Ann Taylor, Lane Bryant and other brands, probably will regret tapping an insider, Gary Muto, to replace David Jaffe. This company needs the kind of total overhaul that an outsider would be better equipped to pull off.CEO changes that promise business as usual: Electronics giant Best Buy is in good hands under Barry, a veteran executive of the chain who had served as its CFO and chief strategic growth officer. Thing is, the electronics giant was already in good hands under Joly, who had steered the chain through an improbable comeback. So expect steadiness for the retailer in the year ahead —by no means a bad thing. Same goes for McDonald’s: Even though it said goodbye to a successful CEO under far more soap-operatic circumstances, his replacement, Chris Kempczinski, is a close lieutenant poised to stick to the same playbook that has fueled the fast-food giant’s recent strength.CEO change wild card: It’s understandable that Tapestry Inc.’s board had lost confidence in recently departed CEO Victor Luis. The company that used to be named Coach has been struggling to boost the Kate Spade brand it acquired in 2017, a bad sign for a company intent on transforming into a luxury conglomerate. Luis has been replaced by Jide Zeitlin, a longtime Tapestry board member. He has little experience in the retail or fashion worlds, which is concerning. But his finance industry chops could prove invaluable in future deal-making — an essential ingredient in the company’s quest for growth.(1) The Challenger data in the chart is for the retail sector only. The apparel industry, which includes manufacturers such as Nike, is a separate category that also saw a particularly high number of exits in 2019. So far, apparel has 12 CEO exits, matching the 2015 annual total that was the highest this decade. Restaurants such as McDonald’s are included in the entertainment and leisure category in Challenger’s data.(2) Lauren seems to have settled into his new role alongside current CEO Patrice Louvet, who took that job in 2017 after Larsson’s exit.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Macy’s, Inc. (NYSE:M) today announced the appointment of Torrence Boone, vice president, Global Client Partnerships at Google, to its board of directors, effective December 12, 2019.
Rating Action: Moody's affirms nine classes of COMM 2014- UBS5. Global Credit Research- 11 Dec 2019. Approximately $942 million of structured securities affected.
Target is Yahoo Finance's 2019 Company of the Year. Target COO John Mulligan explains some of the big changes he has made to Target's business this year.
Department stores like Kohl's Corporation (NYSE: KSS) and Macy's Inc (NYSE: M) suffer from "self-inflicted wounds" and simply can't compete against the likes of Amazon.com, Inc. (NASDAQ: AMZN), according to CNBC's Jim Cramer. Kohl's and Macy's need to offer consumers a shopping experience that can't be duplicated online, Cramer said on "Mad Money." The two department stores have nothing special to offer customers and they have themselves to blame.
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.
Continuing with last's week trend of consolidation in the industry, two major players Merck (NYSE: MRK) and Sanofi (NYSE: SNY), made acquisitions to bolster their pipeline and augment future growth. One was telegraphed by the price action at the end of last week and the other was kept under wraps. The price action last week in Arqule Inc (NASDAQ: ARQL) gave no indication that the company was going to be taken out for $20/share as it posted a modest 9-cent gain for the week.
Things are about to get worse for investors at Macy’s, Goldman Sachs said in a note to clients on Monday, cutting the shares of the department store from to Sell from Neutral.
Macy’s has had a tough year, but the challenges aren’t expected to lighten up any time soon. “We acknowledge significant YTD underperformance and already weak sentiment following the recent deterioration in fundamentals,” Walvis wrote in a report. According to Goldman Sachs, the Street is underestimating Macy’s negative operating leverage and the extent to which secular headwinds will set back comps and profitability.
Macy's stock is showing some resilience on Monday, shaking off a premarket drop and rising 3%. Weighing on the stock early was a downgrade to sell from neutral at Goldman Sachs. Does that make Macy's stock a sell for investors?
Analysts at Goldman Sachs lower their rating on the struggling retailer after it slashed its full-year earnings outlook late last month.
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.