|Bid||33.25 x 800|
|Ask||33.36 x 800|
|Day's Range||30.64 - 33.40|
|52 Week Range||20.11 - 41.99|
|Beta (3Y Monthly)||0.14|
|PE Ratio (TTM)||6.19|
|Earnings Date||Aug 8, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||1.51 (4.08%)|
|1y Target Est||36.33|
shares tumbled Friday by nearly 14% to close at $50.93, after the retailer posted weaker-than-expected same store sales for its fiscal third quarter and said it would need to repay more than $70 million to customers overcharged on store credit cards. Nordstrom said sales in store open more than one year rose 2.3% in the three months ending on October 28, but noted the "full-price" sales were only up 0.4% from the same three-month period last year. Nordstrom also said it sees Christmas quarter sales rising around 2% from last year, and net full-year revenues of around $15.6 billion after hitting $3.748 billion in the October end quarter.
Macy’s talked up the importance of its bricks-and-mortar locations even as it plans to shrink stores and grow its e-commerce business.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We’ll look at Macy’s Inc’s (NYSE:M) P/E ratio and reflect on Read More...
Is now the time to think about buying Lowe's stock? Let's take a look at its Q3 outlook and some fundamentals to find out.
The Macy’s Thanksgiving Parade lineup (NYSE:M) for 2018 has been announced and it will be one for the ages as plenty of older and younger talents will take part in the biggest Thanksgiving festive event of the season in both New York City and the rest of the country. The holiday season is one of the most exciting times of the year for many and this year will mark the 92nd annual Macy’s Thanksgiving Parade, which will be broadcast on NBC this coming Thanksgiving Day, which will land on November 22. The lineup for the event will be a joyous one that includes Diana Ross as one of the headliners.
Investing.com - Retailers were nursing losses heading into the close, led by plunge in Nordstrom and Williams-Sonoma on concerns about soft quarterly earnings and guidance.
Cincinnati-based Macy's is the largest department store chain in the U.S. and CEO Jeff Gennette reassured investors this week that its stores remain critical to the company – even if they may shrink.
Although Williams-Sonoma (WSM) reports better-than-expected fiscal Q3 earnings, weak comps disappoint the market sentiment.
As of November 13, Kohl’s (KSS) stock price has risen 47.8% on a YTD (year-to-date) basis to $80.15. A strong financial performance and strategic initiatives gaining traction are driving the stock. In the first quarter and second quarter, Kohl’s beat the top and bottom-line estimates. Kohl’s is scheduled to report its third-quarter results on November 20.
Nordstrom (JWN) stock fell 9% in after-hours trading on November 16 following the announcement of its third-quarter results. Nordstrom beat analysts’ third-quarter estimates, but its revenue guidance for 2018 was lower than expected.
Macy’s (M) gross margin remained almost unchanged on a YoY basis at 40.3% in the third quarter of fiscal 2018. Macy’s has been experiencing increased delivery costs due to its new loyalty program and growing online sales.
As of November 13, Kohl’s was trading at a 12-month forward PE multiple of 13.9x. In contrast, Nordstrom (JWN) is trading at a 12-month forward PE multiple of ~17.1x. However, Macy’s (M) and Dillard’s (DDS) are trading at 12-month forward PE multiples of 9.7x and 12.4x, respectively, as of November 13.
Macy’s (M) net sales grew 2.3% on a YoY basis to $5.4 billion, which was in line with analysts’ estimate in the third quarter of fiscal 2018, which ended on November 3. Macy’s fiscal 2018 net sales growth was quite an improvement compared to the 6.1% sales decline in the third quarter of fiscal 2017. The company’s net sales increased by 3.6% in the first quarter of fiscal 2018 but fell 1.1% in the second quarter.
reported a third quarter of continued sales declines and broadening losses. If you adjust for the extra week in 2017's results, comparable sales declined 4.5% year over year. Unfortunately $80 million in credit will not offset the losses in sales.
Macy’s (M) stock declined 7.2% on November 14, the day the company announced its results for the third quarter of fiscal 2018, which ended on November 3. Macy’s stock fell despite strong third-quarter results and improved earnings guidance for fiscal 2018. Macy’s investors seem to be skeptical despite the company’s optimism about the fourth quarter, which includes the holiday season.
JCPenney (JCP) disappointed investors yet again when it reported its fiscal 2018 third-quarter results (for the period that ended on November 3) on November 15. JCPenney’s net sales fell 5.8% to $2.65 billion in the quarter. JCPenney’s top line results were in contrast to those of Macy’s (M), which reported a 2.3% rise in its third-quarter net sales and same-store sales growth of 3.1% on an owned basis.
Macy's Inc (NYSE: M) shares were trading down more than 3 percent Thursday, one day after reporting a third-quarter sales miss. The retailer delivered Q3 earnings of 27 cents per share, beating estimates by 13 cents. Macy's sell-off is a buying opportunity, saying the company's retail innovations and initiatives will continue to drive growth in a highly competitive environment, Tigress Financial Partners' Ivan Feinseth said in a note.
Analysts remain on the sidelines about Kohl’s (KSS) ahead of its upcoming third-quarter results on November 20. For the third quarter, analysts expect the company’s net sales to grow 0.8% to $4.37 billion. The stock has seen just one target price change in the last 15 days.
NEW YORK / ACCESSWIRE / November 14, 2018 / Shares of Macy's were in the red despite a strong earnings report. Traders may have been more concerned with the company announcing that it is downsizing store space. Macy's has picked four stores to test as "neighborhood" locations and will cut excess inventory and staffing and will look to see next year if the format will work for other stores in the U.S. Shares of Canada Goose also reported strong earnings with shares exploding to a new high as a result.
This time last year, Macy’s stock had fallen to its lowest point since the 2008 financial crisis. Lifted by a strong economy and consumer confidence, however, the 160-year-old retailer has managed to turn its fortunes around. On Wednesday, Macy’s reported third-quarter earnings that topped analysts’ expectations and the company raised its forecast for the year.
Big retailers reverse. Are the retailers on sale? With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Brian Kelly.