|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||32.96 - 34.31|
|52 Week Range||17.41 - 34.87|
|PE Ratio (TTM)||6.74|
|Forward Dividend & Yield||1.51 (5.22%)|
|1y Target Est||N/A|
It was a big week for retail, and while retail sales were good, it was a mixed bag for earnings. Yahoo Finance's Jennifer Rogers and Myles Udland have a retail round up.
is the older sister (159 years) to J.C. Penney Co. (116), yet there was more than age at play in this week's earnings reports of each. Macy's reported a strong first quarter, which shone all the more brightly because of its past weaknesses.
Same-store sales jumped 3.9% on an owned basis vs. expectations of up 0.7% and the company reported first-quarter adjusted earnings of 42 cents a share, beating analysts' consensus of 37 cents, and 26 cents from the same period last year. , Walmart reported stronger-than-expected earnings for the three months ending in April, which came in at $1.14 per share, 2 cents ahead of the consensus forecast.
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The key stock indexes dipped for the week as Walmart, Cisco, Applied Materials earnings disappointed. Small caps and crude oil rallied. Macy's soared, but not its rivals.
Retailers issued a barrage of quarterly reports this week that for the most part reinforced the sell-side's prior ratings. Here are some of the analyst's reactions. JCPenney's 'Disappointing' Quarter ...
It has been a busy week for retailers, with industry giants from Macy's (M) to Nordstrom (JWN) all reporting their first quarter earnings results. But Q1 hasn't treated all of these companies the same, so let's take a look at a few more big-name retailers that investors might want to consider buying ahead of earnings next week.
Moody's Investors Service, ("Moody's") has affirmed the ratings on 11 classes in UBS-Citigroup Commercial Mortgage Trust 2011-C1, Commercial Mortgage Pass-Through Certificates, Series 2011-C1 ...
As Macy's executives and stockholders converged on downtown Cincinnati Friday for the retail giant's annual shareholders' meeting, non-shareholding members of the media were informed that they were being blocked from attending the gathering.
When I analyzed the indicators and charts of Macy's Inc. two months ago, I wrote, "The weekly chart of M looks like a respectable base but the daily chart shows a pullback. Recently M gapped higher nearly reaching $35 and the bottom of a resistance area from 2016.
Moody's Investors Service, ("Moody's") has affirmed the ratings on 12 classes in UBS-Barclays Commercial Mortgage Trust 2012-C2, Commercial Mortgage Pass-Through Certificates, Series 2012-C2 ...
Back in mid-November, I said it was a good time to go bottom-fishing with beaten-up retailer Macy’s Inc (NYSE:M). At that time, Macy’s stock, along with the rest of the retail sector, was starting to show some signs of life. Macy’s had just reported middle-of-the-road third-quarter numbers that showed that maybe the worst is over for mall retailers.
On May 17, Nordstrom (JWN) reported its first-quarter results. Nordstrom’s revenue of $3.56 billion and adjusted EPS of $0.51 beat analysts’ estimate of $3.46 billion and $0.43, respectively. However, muted comps growth sent investors into a tizzy. The company reported 0.6% growth in its comps on a YoY basis, which sent the stock down ~7% in after-hours trading.
Macy’s (M) stock rose 10.8% on May 16 in reaction to strong results for the fiscal first quarter and upbeat guidance for fiscal 2018. At the close of the day on May 16, the 12-month price target for Macy’s stock was $32.57. Several analysts raised their price targets for Macy’s stock after the company’s impressive performance.
Moody's Investors Service, ("Moody's") has affirmed the ratings on eleven classes in WFRBS Commercial Mortgage Trust 2011-C5, Commercial Mortgage-Pass-Through Certificates, Series 2011-C5 Cl. ...
It wasn’t so great for Nordstrom, however, which was put in the unenviable position of having to follow Macy’s act. “Department stores are measured against themselves, and Macy’s set a tough bar,” says Simeon Siegel, an analyst at Nomura Securities. The short-term stock move isn’t a good indicator of Nordstrom’s longer term prospects.
Worries about rising oil prices have begun to creep into U.S. retailers' earnings calls, and investors are raising concerns that those costs may slow discretionary spending among Americans and push down the performance of the retailers' shares. Retailers have begun to address the possible impact of oil's rise on their businesses. In a media call after its quarterly report on Thursday, Walmart Inc (WMT.N) said some consumers may be feeling pressure from higher gas prices, though demand remained strong.
Worries about rising oil prices have begun to creep into U.S. retailers' earnings calls, and investors are raising concerns that those costs may slow discretionary spending among Americans and push down the performance of the retailers' shares. Retailers have begun to address the possible impact of oil's rise on their businesses. In a media call after its quarterly report on Thursday, Walmart Inc said some consumers may be feeling pressure from higher gas prices, though demand remained strong.
J.C. Penney barely managed to post an increase in comparable sales during the first quarter, while gross margin plunged due to its efforts to clear out unwanted inventory.
Macy’s (M) gross margin grew 70 basis points on a year-over-year basis to ~39.0% in the fiscal first quarter. On a comparable basis, Macy’s inventory was 5.0% lower at the end of the fiscal first quarter. Macy’s gross margin gained from a higher merchandise margin, and it was partially offset by costs to support its growing digital sales and the free shipping associated with its loyalty programs.
Following another positive quarterly earnings report, CNBC's Jim Cramer had nothing but glowing things to say about Macy's CEO Jeff Gennette.
Dillard's Inc. shares rose 5% in Thursday trading after the department store retailer reported first-quarter earnings that beat expectations. Dillard's upbeat earnings report comes a day after Macy's Inc. reported earnings that blew past consensus.
Macy’s sales grew for the second straight quarter after 11 disappointing quarters of lower sales. The company’s sales growth in the fiscal first quarter was an improvement compared to the 1.8% sales growth in the fiscal fourth quarter of 2017. The shift in the company’s Friends and Family event to the fiscal first quarter from the fiscal second quarter had a favorable impact of 250 basis points on its same-store sales growth.