|Bid||25.90 x 1200|
|Ask||25.91 x 1100|
|Day's Range||25.79 - 26.32|
|52 Week Range||17.41 - 40.92|
|PE Ratio (TTM)||11.41|
|Forward Dividend & Yield||1.51 (5.97%)|
|1y Target Est||N/A|
A new survey from Payscale found a good Santa Claus can make as much a $100 an hour. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Justine Underhill discuss what makes a good Santa.
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.
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.
Gennette, who has been CEO of the U.S. retailer since March, was widely expected to become chairman as part of a succession plan announced in June last year. Shares in Macy's, which have gained about 25 percent since the holiday shopping season began at Thanksgiving, were up 2.5 percent after the bell on Friday. Like other traditional brick-and-mortar retailers, Macy's has been struggling to fend off competition from online retailers such as Amazon.com Inc (AMZN.O).
Department store operator Macy's Inc said Executive Chairman and former Chief Executive Terry Lundgren would retire from the board at the end of January, completing the handover of both his roles to CEO Jeff Gennette. Shares in Macy's, which have gained about 25 percent since the holiday shopping season began at Thanksgiving, were up 2.5 percent after the bell on Friday. Like other traditional brick-and-mortar retailers, Macy's has been struggling to fend off competition from online retailers such as Amazon.com Inc.
Macy’s Inc. Chief Executive Officer Jeff Gennette will take on a second role as chairman of the beleaguered department store, replacing Terry Lundgren, who is retiring.
Macy's Inc. said late Friday Executive Chairman Terry Lundgren will retire from the board of directors effective Jan. 31. The board has appointed Chief Executive Jeff Gennette to the additional role of ...
U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate. Nonfarm payrolls rose by 228,000 jobs last month amid broad gains in hiring as the distortions from the recent hurricanes faded, Labor Department data showed on Friday. The government revised data for October to show the economy adding 244,000 jobs instead of the previously reported 261,000 positions.
Because then things like GameStop Corp. (NYSE:GME) becoming an 8% yielding dividend stock — it may also be undervalued — happen. GME stock has had a dizzying ride over the past 15 years, starting at $10 per share and reaching $62 at its peak in 2007, hitting a low of $16 in 2012, riding back up to $53 in 2013 and now sitting at $19 and falling. It has struggled because it has had to constantly morph to keep up with changes in gaming technology and platforms, and with competition.
By now, it is common knowledge among market participants that Black Friday was surprisingly good for most retailers. Going into Black Friday, Under Armour stock lost more than half its value in 2017, similar to the 40% decline for Macy’s Inc (NYSE:M) and the 60% decline for J C Penney Company Inc (NYSE:JCP). Since Black Friday, Macy’s stock has surged 20% higher while even the much maligned JCP stock is up more than 2%.
Kohl’s, J.C. Penney and Macy’s have seen some encouraging signs for their businesses in the days since Thanksgiving, but in order to keep the momentum going, these troubled retailers will need to present a "unified" experience for shoppers as the clock clicks down to Christmas.