|Bid||24.27 x 3200|
|Ask||24.28 x 900|
|Day's Range||24.12 - 25.11|
|52 Week Range||22.73 - 41.99|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||6.80|
|Earnings Date||May 14, 2019 - May 20, 2019|
|Forward Dividend & Yield||1.51 (6.28%)|
|1y Target Est||25.86|
Jim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday.
Jim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday.
Soft margins, dismal comps and a high level of debt act as headwinds for J. C. Penney (JCP). However, the company is making efforts to get back on track.
Many department stores are shifting away from quickly moving inventory and instead focusing on consumer experience.
This June, Macy’s (NYSE:M) will kick-off its annual Pride + Joy national LGBTQ Pride Month celebrations with its customers, colleagues and local communities in commemoration of Stonewall 50 and World Pride NYC. A key component of that celebration is its nationwide partnership with The Trevor Project. In mid-May, Macy’s and The Trevor Project will begin the roll-out of a series of initiatives aimed at raising funds and awareness for Trevor’s life-saving mission and services for at-risk LGBTQ young people, highlighting Macy’s long-standing commitment to diversity, equality, inclusion and respect for all.
Ever since Amazon (NASDAQ:AMZN) changed the game for all brick-and-mortar retailers, the industry's has been suffering to catch up. In the last five years, Urban Outfitters (NASDAQ:URBN) stock is down 11% while the S&P 500 is up 55% for the same period.Source: Shutterstock URBN waited too long to react seriously to the AMZN threat and now they are in scrambling mode -- and when you scramble you don't execute plans well. The reaction to the recent earnings suggests that URBN management has its work cut out for it.There is good news in the URBN stock chart as it rallied to a high of 25% off the March 25 lows. It has since given back a decent portion of the rally but it's still an impressive move nonetheless. However, today's writeup is a cautionary note against jumping aboard the stock too early.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Don't Buy URBN Stock YetIt is tempting to chase the recent analyst upgrades to URBN stock. The technicals, however, suggest that these upgrades are more on the hopes of a turnaround than a valid argument. This is not the same as me hating on the stock, but they say price is truth, so why not wait for a change in price action? I don't want to chase URBN stock until it clearly beats $35 per share. * 5 Stocks to Profit From (Legal) Insider Buying Signals Until then, onus is on the bulls to prove that they can sustain the rally and break the long-term negative trend. Once it does, the upside potential will be big as there are many more analysts to upgrade the stock.It is important to note that URBN is suffering while the consumer has never been healthier. The transition to e-tailing is proving tricky as AMZN keeps upping the ante. It is a master at operating on thin margins, making it mandatory for URBN and its peers to also do that. And it's hard to create a physical marketplace without spending a lot so their hands are tied.Consumer spending habits have changed and it's a permanent one. The days of going to the mall to shop are fading as online retailing is taking over. This is not likely to change so companies like Urban Outfitters have to adjust to it or die. Valuing URBN StockSo for the last five years, Urban Outfitters stock has traded inside a massive seesaw from a $17 to $50. Currently it's it's almost in the middle of the range and therein lies part of the problem. These pivot areas on a stock chart are magnetic so on the way up they become resistance.Both bulls and bears agree on the value here so they fight it out hard thereby creating congestion in the price action. So Urban Outfitters stalling while attempting to breach $34 per share wasn't a surprise. This was the ledge from which the stock fell apart in December. Going through it and regaining the level will require more work from the bulls.In order for them to mount a secondary and successful attack at the line, the bulls will have to first hold support above $30 per share otherwise they will continue trading inside of descending channel of lower highs and lower lows eventually set a new low for the year.Luckily the upside of falling prices is in most cases that it creates value. Urban Outfitters stock trades at a 11x trailing P/E ratio, which is low in absolute terms and middle of the range in relative terms. It's cheaper than Macy's (NYSE:M) but more expensive than Abercrombie & Fitch (NYSE:ANF).So from an investment perspective, unless I want to commit to owning the shares for the super long term and hope it works out, there is no real reason to buy shares of URBN stock here. Without a catalyst, I fail to see the upside potential -- especially when it's already struggling in a rising equity market. The S&P 500 is up 15% for the year and almost setting new all-time highs, while Urban Outfitters stock is down 5% and can't snap out of its descending trend. The Bottom Line on Urban OutfittersThis is not the same as saying short the stock because I have nothing against the company or its prospects. I just don't like the price action it is going through. There is nothing about it that says turn around is coming without a catalyst. And just buying the stock and hoping it rebounds is more gambling than investing.Technically, there is also the threat of a weekly downside bearish scenario that could unfold. If we get a surprise dip in the stock market in general, Urban Outfitters stock could lose the $27.50-per-share level and that could trigger a major bearish pattern that would set new all-time lows. Although this is not a forecast it is a scenario that could unfold. * 7 Stocks That Can Outperform for Years For those who have been holding URBN stock for a while and haven't given up on it, it's probably okay to stay in it to see how the next few weeks on hold. However, if the price action continues to be bearish I would suggest buying some put protection from options just in case we get a Black Swan event that causes a big dip in the next few months. After all we're still facing global tariff wars with China and Europe.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Urban Outfitters Stock Bounced Hard -- But Don't Buy Below $35 appeared first on InvestorPlace.
Moody's rating action reflects a base expected loss of 4.8% of the current pooled balance. The loan is secured by the borrower's leasehold interest in five, Class A office buildings located in Tempe, Arizona.
The ratings on the nine principal and interest (P&I) classes 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 4.0% of the current pooled balance, compared to 4.5% at Moody's last review. Moody's base expected loss plus realized losses is now 3.4% of the original pooled balance, compared to 4.3% at the last review.
Macy's CEO Jeff Gennette told CNBC's Jim Cramer that the Cincinnati-based retailer used its tax savings to give all of its employees a bonus in response to Jeff Bezos' challenge that retailers match its employee compensation.
Several sources have announced that Stitch Fix (NASDAQ:SFIX) will lose one of its top executives. Chris Phillips, who heads men's and kids' clothing, will leave Stitch Fix to become CEO of Mizzen+Main. What effect, if any, this change will have on Stitch Fix stock remains unclear.Source: Stitch FixHowever, it may serve as a reminder of the competitive challenges that could threaten the company in the future. Stitch Fix's SuccessPut simply, I would not trade Stitch Fix stock based on Mr. Phillips leaving the company. Traders seem to agree. Despite this news, SFIX barely moved in Tuesday trading following the report.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, does this mean other clothing companies want to draw on the knowledge of Stitch Fix executives to compete using technology? Perhaps.Admittedly, using artificial intelligence (AI) to choose clothing based on a customer's individual preferences sounds compelling on the surface. Consequently, Wall Street forecasts revenue growth of 26.6% this year and 21.3% in 2020.Earnings also turned positive last year. Though profits will likely fall this year, analysts expect earnings growth of 22.7% next year, and earnings increases averaging 46.7% per year in later years.This growth has probably helped drive SFIX's multiple to elevated levels. Stitch Fix stock now trades at almost 99 times forward earnings. I urge caution at such multiples, even when justified by a firm's growth. However, this valuation does not necessarily mean Stitch Fix will fall. Can Stitch Fix Compete?The personnel change possibly speaks to a more significant concern about rising competition. I see little that would stop a Macy's (NYSE:M), Amazon (NASDAQ:AMZN), or now, Mizzen+Main, from offering a similar service. In fact, Nordstrom (NYSE:JWN) acquired an AI-based clothing selection system when it bought Trunk Club in 2014. However, Nordstrom later wrote down much of the value in Trunk Club.To its credit, Stitch Fix has built a competitive moat by bringing more than 1,000 brands into its ecosystem. Despite its reach, I would caution against viewing SFIX as the Roku (NASDAQ:ROKU), or the neutral arbiter of the clothing industry.I think my colleague Laura Hoy described the approach of Stitch Fix well in her comparison of the company to Blue Apron (NYSE:APRN). Like with Blue Apron in sending food items, I can see customers having reservations about SFIX sending clothing based on an AI-based assessment of one's clothing tastes.I also share Ms. Hoy's concerns about a service like this becoming a novelty. Stitch Fix's data offers a competitive advantage. However, I do not think it will permanently prevent customers from seeking self-driven choices outside of the Stitch Fix ecosystem. Until the company can prove that it can keep most of its customers, I would not recommend paying a premium valuation for SFIX stock. The Bottom Line on Stitch Fix StockThe departure of Chris Phillips to another company will not materially affect SFIX stock, but it does speak to the competitive dangers facing the company.SFIX remained largely unchanged in trading following the news. The company continues to drive consumer interest, revenue growth, and increasing profits with AI-based clothing choices.However, Nordstrom already uses the same type of technology. Other firms, including the one where Mr. Phillips will take over as CEO, could follow suit. Moreover, many consumers will probably not want machines making their clothing choices. Others may use it for a time and then switch back to more traditional shopping methods.Stitch Fix continues to manage itself well on the financial front. However, given the likely challenges in keeping customers in the Stitch Fix ecosystem long term, I see Stitch Fix stock as a trade at best.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Stitch Fix Stock Is Beginning to Look a Lot Weaker appeared first on InvestorPlace.
"We decided to put [tax savings] back into the community of our colleagues," Macy's CEO Jeffrey Gennette says in an interview with Jim Cramer. "Every single colleague — all 130,000 — [got] a quarterly bonus as a result of the production of that store [or] that call center," he says in response to Amazon CEO Jeff Bezos' wages challenge. Macy's M used its savings from 2018 tax reform to create a "path for growth," CEO Jeffrey Gennette told CNBC Thursday.
Why KeyBanc Upgraded Nordstrom Stock(Continued from Prior Part)JWN’s performance in fiscal 2018 Nordstrom’s (JWN) revenue (including retail net sales and credit card income) rose 2.5% to $15.9 billion in fiscal 2018, which ended on February 2.
Why KeyBanc Upgraded Nordstrom StockRating upgradeNordstrom (JWN) stock rose 1.7% on April 10 after KeyBanc upgraded its rating to an “overweight” from a “sector weight.” Recent meetings between KeyBanc and Nordstrom’s copresident, Erik
From big names like Neiman Marcus to new names like Fourpost, department stores are revamping for a new age of shopping.
NEW YORK (AP) — A year after buying startup Story, Macy's is bringing the retail concept to life in 36 stores in 15 states including its Manhattan flagship.
Macy's (NYSE:M) is enchanting the minds of the youth with its colorful Story concept in three dozen of its stores.Source: Shutterstock The Cincinnati, Ohio-based department store chain acquired New York retail store Story about a year ago. Story is the brainchild of Rachel Schechtman, who designed the idea of a store that evokes more than just the products as it's all about the experience.The Story concept curates merchandise around a certain theme or set of ideas, and it looks like Macy's is ready to capitalize on its acquisition. The retailer said on Wednesday it will add its 1,500-square-foot Story shops to 36 Macy's stores across the U.S. as it seeks to find new uses for its excess space.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe retail chain plans on rotating inventory every two months in its Story shops, adding multiple local brands throughout the course of the year. Macy's said its Story shops will include products such as Crayola-branded Levi's jackets for kids, chocolate bars, bags, makeup and more unique items you can't find elsewhere.Story "gives new customers a fresh reason to visit our stores and gives the current Macy's customer even more reason to come back again and again throughout the year" Macy's CEO Jeff Gennette said. Expect the first version of these stores to be live in 36 of the retail chain's stores from Wednesday until June 26-a new concept will be out after that date.M stock is down about 1.3% on Wednesday. More From InvestorPlace * 8 Risky Stocks to Watch as Earnings Season Kicks Off * 7 High-Risk Stocks With Big Potential Rewards * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post New Macy's Story Store Is Like an Instagram Feed IRL appeared first on InvestorPlace.
Cincinnati-based retail giant Macy's Inc. is rolling out a concept store it acquired in 2018 to 36 of its locations nationwide, including at a Queen City Macy's.
Macy's Inc. will bring its Story concept shop to 36 stores in 15 states, the department store retailer said Wednesday. Macy's acquired Story in May 2018. At the time, it's lone New York City location had a rotating store design and merchandise. This sort of flexibility has become increasingly common at malls like The Shops & Restaurants at Hudson Yards and at other department store concepts. Story will launch at the additional Macy's locations with a "color" theme offering events and products from more than 70 small businesses. Levi Strauss & Co. , Crayola and Mac Cosmetics are also participating. Macy's has hired 270 staffers for the the Color Story, which will run through June 26. Macy's shares have taken a 16% tumble in 2019 while the S&P 500 index has gained nearly 15% for the period.
STORY, the narrative-driven retail concept shop, will bring to life an editorial approach to retail in 36 Macy’s (NYSE:M) stores nationwide. Opening with “Color” as its inaugural theme, STORY at Macy’s invites customers across the country to explore and experience color through a rainbow of curated, giftable products and through a range of more than 300 fun color-inspired events. “The discovery-led, narrative experience of STORY gives new customers a fresh reason to visit our stores and gives the current Macy’s customer even more reason to come back again and again throughout the year,” said Jeff Gennette, Macy’s, Inc. chairman & chief executive officer.
Macy's bought New York-based Story a year ago. One year ago, Macy's M bought Story, a New York retail store founded by Rachel Shechtman that curates merchandise around a theme or set of ideas. It was an interesting pairing — when Macy's bought Story — and industry watchers have been curious ever since.