|Bid||662.43 x 700000|
|Ask||0.00 x 6000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||123.47|
|Forward Dividend & Yield||28.73 (3.96%)|
|1y Target Est||N/A|
Shares of Kroger (NYSE:KR) fell 10% in early trade Sept. 13 after it released earnings that beat estimates on the bottom line but came up short on the top. Kroger said it earned $797 million, 62 cents per share fully diluted, on sales of $27.869 billion, and declared a 14 cent per share dividend. The fall may have been inevitable considering the rise in Kroger stock since March when it dropped to as low as $23 per share.
Stores, websites and delivery companies have advertised more than 330,00 seasonal job openings so far, according to employment firm Challenger, Gray & Christmas, and most economists expect that number to more than double in coming weeks. With unemployment under 4 percent, there is little slack in the job market, making quality employees looking for seasonal work that much harder to find.
Moody's Investors Service ("Moody's") has affirmed the ratings on seven classes in Citigroup Commercial Mortgage Trust 2016-P5, Commercial Mortgage Pass-Through Certificates, Series 2016-P5. The ratings on the six P&I classes Cl. A-1 through Cl.A-S 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 4.5% of the current pooled balance, compared to 4.9% at Moody's last review.
Macy's Inc.'s ( M) stock has plunged by more than 16% since reporting quarterly results in August. Now shares may fall even further based on technical analysis, by as much as 9%, from its current price of about $35.15.
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.
Store discounts, higher wages and drawings are some ways retailers hope to attract store associates to work over the holiday season.
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.
Macy's Inc. is beefing up its in-store technology and is launching new partnerships, including one with Facebook.
Wall Street's obsession with marijuana stocks has propelled industry leaders to lofty market valuations. Canadian cannabis company Tilray is now larger than half the stocks that comprise the S&P 500.
Deloitte is forecasting a 5% to 5.6% year-over-year increase in retail holiday sales this year, with spending expected to exceed $1.1 trillion between November and January, excluding motor vehicles and gasoline. E-commerce is expected to increase 17% to 22% this season versus last season, reaching $128 billion to $134 billion. Deloitte analysts attribute the increase to disposable income growth, a strong labor market, and high consumer confidence. Risks include the impact of Fed tightening and any changes in the stock market that could drive a deterioration in consumer confidence. Target Corp. has increased its seasonal hire by 20% to 120,000 in anticipation of the coming holiday season. Macy's Inc. and Michaels Cos. Inc. are among the other retailers that have already announced their seasonal hiring plans. The Amplify Online Retail ETF has gained 28% for 2018 so far. The SPDR S&P Retail ETF has rallied 14.4% for the period. And the S&P 500 index is up 8.8% for 2018 to date.
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%.
Cincinnati-based retail giant Macy's Inc. is beefing up its in-store technology to drive sales and adding a new partnership with Facebook to bring new brands to its pop-up experience.
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.
Macy’s Inc. is no longer offering a sheet set on its website after Bloomberg reported that a Texas government agency questioned the bedding’s advertised thread count. The Barrett four-piece Queen Sheet Set, made by Sunham Home Fashions and marketed as having a 1,400 thread count, wasn’t available on Macys.com as of Sept. 18, a day after the story was published. The Texas Department of Agriculture commissioned a third-party test of the item and found the sheet set had a thread count of 505, Bloomberg reported, citing a July 25 letter from the agency to the supplier and to Macy’s. That “constitutes a materially false, misleading or deceptive act or practice,” the department said, urging the companies to stop selling the item or to repackage it so that the accurate thread count is reflected.
Ryan McQueeney recaps earnings results from Oracle and FedEx, discusses Trump's new tariff announcement, and explains why Facebook and Macy's have teamed up. Later, the host is joined by Dave Bartosiak to chat about Nio, the so-called Tesla of China.
Tesla acknowledged that DOJ requested documents last month on Musk's no-infamous take-private tweets. Tesla's stock dropped by as much as 7.1 percent after it was reported that the company was under criminal investigation. Tesla TSLA said the Justice Department requested documents last month regarding CEO Elon Musk 's Aug. 7 tweets about taking the company private.
Tesla stock drops after company reportedly to face US criminal probe over Musk statements|| 105451107
President Donald Trump has made it clear that U.S. companies who do business with China will be impacted, CNBC's Jim Cramer says.