|Bid||35.96 x 4000|
|Ask||36.09 x 900|
|Day's Range||35.58 - 36.26|
|52 Week Range||17.41 - 41.99|
|PE Ratio (TTM)||6.90|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||1.51 (3.79%)|
|1y Target Est||36.23|
Macy’s (NYSE:M) second quarter results, reported on Tuesday, indicate that its positive catalysts remain intact. Investors should buy M stock, as these catalysts should continue to boost its results going forward, while its valuation is extremely attractive and lower than that of many brick-and-mortar retailers. The sharp drop in Macy’s stock on Wednesday was irrational and has created an extremely attractive entry point.
Despite reporting solid earnings and raising guidance on Wednesday, Macy's Inc. (NYSE:M) was punished by investors, who seemed to shrug off clear signs the company is reaping rewards from its aggressive revamping and adaptation strategy. Warning! GuruFocus has detected 2 Warning Sign with M. Click here to check it out. Macy's reported second-quarter earnings of 70 cents per share, beating analysts' expectations of 51 cents per share, and revenue of $5.57 billion, topping the $5.5 billion analysts had anticipated.
Macy’s (M) reported improved gross and operating margins in the fiscal second quarter despite lower sales. Macy’s gross margin expanded 80 basis points to 40.4% in the fiscal second quarter. Efficient inventory management helped the company improve its gross margin in the fiscal second quarter.
Macy's and Walmart both had good news for investors this week, but Walmart's shares rallied 9.3 percent while Macy's sank 16 percent. Before Macy's reported earnings Wednesday, its shares had more than doubled over the last year. Walmart WMT and Macy's M both had exceptionally good news for investors when they released their second-quarter earnings this week.
Although Macy’s fiscal second-quarter sales of $5.57 billion exceeded analysts’ estimate of $5.55 billion, its stock declined 1.1% year-over-year. Nordstrom (JWN), on the other hand, delivered impressive sales growth of 7.1% to $3.98 billion in the fiscal second quarter. Macy’s adjusted EPS grew 52.2% to $0.70 in the fiscal second quarter and beat analysts’ expectation of $0.51.
Wall Street analysts revised their price target for Macy’s (M) after the company reported its fiscal second quarter results on August 15. Although Macy’s beat analysts’ expectations, investors weren’t happy with the decline in the company’s fiscal second-quarter sales after two consecutive quarters of sales growth. Macy’s stock declined 15.9% on August 15 but recovered 1.9% on August 16.
Many investors such as Warren Buffett have made fortunes buying stocks at the bottom. Succeeding like Mr. Buffett has in buying stocks at the bottom requires knowing the difference between a good company facing challenges or a firm in actual financial trouble.
Moody's Investors Service, ("Moody's") has affirmed the ratings on five classes and downgraded the ratings on six classes in COMM 2012-CCRE4 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, ...
Nordstrom (JWN) brought some relief for department store investors with its strong sales growth numbers after Macy’s (M) and JCPenney (JCP) disappointed investors with lower sales. Nordstrom beat analysts’ revenue and earnings expectations and also raised the guidance for fiscal 2018. Nordstrom stock soared 9.0% in after-hours trading on August 16.
The ratings on six 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 4.5% of the current pooled balance. Moody's base expected loss plus realized losses is now 4.4% of the original pooled balance.
Macy’s reported an earnings beat but says changes to the calendar impacted same-store sales in the second quarter.
Cincinnati-based Macy's Inc. stock got hammered following what by all accounts appeared to be positive news as it reported its second-quarter earnings on Aug. 15. So what was behind the drop?
The iconic department store chain is still floundering. It desperately needs a new CEO who can bring fresh thinking to the business.
Macy’s Inc. ( M) stock has been plunging despite posting second-quarter results that surpassed Wall Street views, but at least one market strategist sees weakness as a buying opportunity. On Wednesday, the stock finished the regular trading session down more than 14% on the back of its quarterly earnings report. While investors are reacting to what CNBC said was disappointment over flat sales and concerns that margins will be pressured by increased spending, Lindsey Bell, an investment strategist at CFRA Research, remains in the bullish camp.
JCPenney (JCP) stock fell more than 19% in pre-market hours on August 16. The stock fell 23.0% as of 10:24 AM EST. The company posted disappointing results for the second fiscal quarter. JCPenney also lowered its outlook for fiscal 2018. JCPenney’s second fiscal quarter revenues (retail net sales and credit income) declined 7.8% to $2.83 billion, which lagged analysts’ estimate of $2.86 billion. The company’s net sales fell 7.5% to $2.76 billion.
WMT easily beat Wall Street analysts’ earnings estimates and reported a 40 percent rise in online sales during the most recent quarter. The huge retailer’s results might be another indication of a healthy U.S. consumer, and shares leaped more than 10 percent before the opening bell. U.S. same-store sales rose 4.5 percent, above forecasts for 2.3 percent.
J.C. Penney (JCP) is down more than 20% on Thursday morning on a big miss and guidance reduction. J.C. Penney missed expectations and lowered guidance. Where we're headed: Get in loser, we're buying Kohl's. Shares of Macy's (M) crumbled on Wednesday after the company reported second-quarter earnings: It was a beat-and-raise quarter, not that you'd know it from looking at the shares' reaction, which had their worst day in more than a year.
Most retailers’ shares were pushed into the red on August 15 despite an upbeat retail sales report from the National Retail Federation.
U.S. stock futures are rebounding this morning on easing global tensions. Stocks are rebounding on the promise of resumed U.S./China trade talks and a $15 billion investment in Turkey by Qatar. Strong quarterly reports from Walmart (NYSE:WMT) and Cisco Systems (NASDAQ:CSCO) are also helping boost sentiment.
Chipotle Mexican Grill (NYSE:CMG) advanced more than 6% following a big upgrade from Morgan Stanley. As Thursday’s action gets going, AT&T (NYSE:T), Hormel Foods (NYSE:HRL) and International Paper (NYSE:IP) are shaping up as the top trading bets.
Gerald Storch, Storch Advisors CEO and former Toys R Us CEO, discusses the transition and rebound in the retail sector as Walmart's quarterly earnings come in strong. CNBC's Courtney Reagan also weighs in.