|Bid||25.8500 x 300|
|Ask||25.8600 x 1400|
|Day's Range||25.4800 - 26.2300|
|52 Week Range||17.4100 - 40.9200|
|PE Ratio (TTM)||11.37|
|Forward Dividend & Yield||1.51 (5.97%)|
|1y Target Est||N/A|
Westfield Corp. has an offer on the table from Unibail-Rodamco to be bought for $15.7 billion. Ever heard of litecoin? Probably not, and prices are surging.
An investor who said it was time to go "bottom fishing" on Cincinnati-based retailer Macy's Inc.'s stock back in November thinks there's still time to buy into the rally after shares are trading up nearly 25 percent. Luke Lango, based in San Diego and writing in InvestorPlace , said he expects Macy's (NYSE: M) stock to continue to soar as shoppers head to the retailer during the holiday season. Macy's stock was trading at $20.58 when Lango first made his bottom-fishing suggestion and has risen to $25.92 as of Tuesday afternoon.
For example, this summer NKE stock fell 4% on a bad shoe-store headline. Year-to-date, NKE stock is up 20% whereas the SPDR S&P Retail (ETF) (NYSEARCA:XRT) is flat. Foot Locker, Inc. (NYSE:FL) and Macy’s Inc (NYSE:M) are down 40%.
Cincinnati-based retail giant Macy's Inc. offered to buy back up to $400 million of its debt late last month. Macy's (NYSE: M) offered to repurchase up to $400 million of its $6.9 billion of outstanding debt on Nov. 27. Macy's issued a statement prioritizing the debt it was looking to repurpose.
A little more than a couple years ago, yours truly here opined that Amazon.com, Inc. (NASDAQ:AMZN) might regret its foray into the fashion world. Designers and manufacturers with a finger on the pulse of what’s actually selling and where “looks” are going are still setting the pace Amazon is following. From a pure revenue-generating standpoint though, Amazon has become an undeniable force in the apparel arena, too.
Alongside the rest of the retail sector, Target Corporation (NYSE:TGT) stock has been in rally mode. Since Black Friday, TGT stock has risen about 7% versus a 2% gain for the S&P 500. Research firms have been saying that Black Friday weekend was really good for almost all retailers, while multiple recent retail earnings reports corroborate this bullish sentiment.
As my colleague Anthony Mirhaydari noted in his article on “5 Turnaround Stocks” last week, J C Penney Company Inc (NYSE:JCP) stock is in the midst of a nice little comeback. JCP stock is up more than 40% in the last month. In the spirit of Black Friday, bargain hunters spotted the discount and swooped in to help JCP stock recover most of its mid-autumn losses.
Among the companies with shares expected to trade actively in Monday’s session are Apple Inc., Macy's Inc., JP Morgan Chase & Co., Walt Disney Co. and Caterpillar Inc.
For the first time in a long, long while, retail stocks are on fire. Since I said it was time to go bottom-fishing for Macy’s Inc (NYSE:M) stock back on Nov. 17, M stock has rallied nearly 25%. Nordstrom, Inc. (NYSE:JWN) is up 10% in that time frame. Kohl’s Corporation (NYSE:KSS) is up 12% in that time frame. American Eagle Outfitters (NYSE:AEO) and Abercrombie & Fitch Co. (NYSE:ANF) are both up about 13%, while Express, Inc. (NYSE:EXPR) is up a whopping 45%.
If you are interested in cashing in on Macy’s Inc’s (NYSE:M) upcoming dividend of $0.38 per share, you only have 3 days left to buy the shares before its ex-dividendRead More...
Macy's says its executive chairman Terry Lundgren, who stepped down as CEO in March, will retire from the board. The company says Friday its board has appointed Jeff Gennette, who succeeded Lundgren in ...
Terry Lundgren, the former CEO of Macy’s Inc., is leaving his role as executive chairman of the Cincinnati-based retailer (NYSE: M). “I am proud of our company’s growth, accomplishments and the talent we developed during the 14 years I have led Macy’s, Inc.,” Lundgren said in a statement. Following Lundgren’s exit, the company’s board will have 10 directors and Marna Whittington will remain lead independent director.