21.48 +0.14 (0.63%)
Pre-Market: 8:20AM EDT
|Bid||21.21 x 600|
|Ask||21.49 x 2000|
|Day's Range||21.27 - 21.79|
|52 Week Range||19.32 - 45.41|
|PE Ratio (TTM)||9.70|
|Forward Dividend & Yield||1.51 (7.13%)|
|1y Target Est||N/A|
From a fundamental perspective, there appears to be a case for J C Penney Company Inc (NYSE:JCP) stock. The JCPenney stock price has fallen 58% so far this year. The problem is that this remains a business likely to decline going forward, even if that decline doesn’t come this year.
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Macy’s, Inc.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bearish 50 ... Read more (Read more...)
Brookfield Asset Management has tentatively agreed to buy about 700,000 square feet of space on the upper floors of Macy's flagship store building in Chicago.
For the fifth year in a row, Macy's is opening its doors on Thanksgiving Day to give shoppers a jump on the holiday sales season. Cincinnati-based Macy's Inc. (NYSE: M) is opening its full-line department stores at 5 p.m. on Thanksgiving Day, Nov. 23. "As we do every year, we surveyed our store associates well in advance, giving them an opportunity to tell us their preferences, and we staff Thanksgiving with associates who volunteer," Macy's spokeswoman Andrea Schwartz told me in an email.
U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures. Retailers including Macy's Inc and J.C. Penney have said they will hire the same or fewer seasonal workers for the holidays this year than last, while some, like Wal-Mart Stores Inc, have chosen not to hire temporary workers at all.
Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week. Target said it recorded an average of $300 in sales per square foot across its stores, compared with at least $600 in sales per square foot from its small-format stores.
This company has growth that looks more like a software business than an apparel business. But they've gone from zero to billions in four years. Why did that happen and what's so special about them?
Macy’s launched its beauty box subscription service in August this year, and three months in, beauty bloggers are not excited. Here’s what Macy’s needs to do to fix it – before it’s too late.
Here are three reasons why the worst may be over for JCP stock, setting the stage for a big rebound. In the case of J C Penney, the company has quite a few years left to fight because of its strong debt position.
Nordstrom (NYSE: JWN) stock tumbled on Monday after word came that the department store chain was suspending its plans to go private. The company had explored a partnership with private equity firm Leonard ...
Department stores JCPenney (JCP), Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS) have “hold” ratings from a majority of analysts right now.
Short interest is moderately high for M with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on October 10.
Analysts have lukewarm expectations for the sales of department stores this year as online retailers such as Amazon (AMZN) are eating away at market shares.
Kroger Co. (NYSE:KR) may be down but it is not out. Ever since Amazon.com Inc. (NASDAQ:AMZN) officially entered the grocery space with its Whole Foods Market, Inc. (NYSE:WFM) acquisition, a cloud of doom and gloom has settled over the industry. The arrival of Amazon struck fear into the hearts of investors leaving even the most well-established industry leaders to suffer.
Internet retail giant Amazon.com Inc. announced Oct. 16 that it's leasing the top six floors of the downtown Seattle Macy's building, which is owned by the Cincinnati-based retailer it is poised to overtake this year as the top online apparel seller. Macy's Inc. (NYSE: M) sold the top four floors of its downtown Seattle building to Starwood Capital Group in 2015 for $65 million, and then it sold two additional floors this year. Amazon (AMZN) is expected to move into the building in late summer 2018.
US retail e-commerce sales grew 16.2% on a YoY basis in 2Q17. The US e-commerce sales as a percentage of total retail sales reached 8.9% in 2Q17.
Cincinnati-based retail giant Macy's Inc. on Tuesday named a new C-suite executive in charge of its more than 140,000 employees. Macy's (NYSE: M) named Danielle Kirgan its chief human resources officer. Kirgan previously served as vice president of people for American Airlines and prior to that was chief human resources officer at Darden Restaurants, the parent company to Olive Garden and LongHorn Steakhouse.
Personally speaking, J C Penney Company Inc (NYSE:JCP) is a painful lesson in market timing: You can have the right argument and still lose the debate. Several years ago, I bought put options against the retailer, assuming that the JCP stock price would fall dramatically. For quite some time, JCPenney stock proved doubters wrong.
Amazon.com Inc. has leased the top six floors of the downtown Seattle Macy's building, the internet retailer said Monday. Starwood Capital Group owns the 475,000 square feet of office space above the Macy's flagship store at Third Avenue and Pine Street. Greenwich, Connecticut-based Starwood paid $65.6 million to Cincinnati-based Macy's for the top four floors of the block-sized building in 2015 and bought the other two floors this year .