|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||25.93 - 27.09|
|52 Week Range||17.41 - 33.73|
|PE Ratio (TTM)||11.74|
|Earnings Date||Feb 27, 2018|
|Forward Dividend & Yield||1.51 (5.75%)|
|1y Target Est||26.69|
A business attorney who has appeared as a commentator on CNBC said Cincinnati-based Macy's Inc.'s decision to launch a new inclusive line, which includes hijabs , could draw new customers to the company. Brian Kindsvater, writing in Seeking Alpha , wrote that the hijab is a controversial garment but that shouldn't scare Macy's (NYSE: M) investors. Meeting unmet customer needs is part of Macy's new North Star strategy.
The board of directors of Macy's, Inc. today declared a regular quarterly dividend of 37.75 cents per share on Macy's common stock, payable April 2, 2018, to shareholders of record at the close of business on March 15, 2018.
The significant growth in Macy’s 3Q17 adjusted EPS came despite lower revenue due to the company’s efficient inventory management. Macy’s effective tax rate was 27.7% in 3Q17 compared to 42.3% in fiscal 3Q16. For 4Q17, which ended on February 3, 2018, analysts expect Macy’s adjusted EPS to rise about 32.7% on a year-over-year basis to $2.68.
An assortment of retailers are set to report results over the next few weeks. One of the first ones up is Macy’s Inc (NYSE: M ), which is scheduled to report fourth-quarter earnings before market open ...
An assortment of retailers are set to report results over the next few weeks. One of the first ones up is Macy’s, which is scheduled to report fourth-quarter earnings before market open on Tuesday, February 27.
Macy’s (M) and its department store peers have been focusing on streamlining their operations and improving their margins to enhance profitability. Macy’s gross margin improved by ten basis points to 39.9% in 3Q17, which ended on October 28, 2017. Macy’s operating margin expanded 40 basis points to 2.3% in 3Q17.
Department store chain Macy’s (M) is scheduled to report its fiscal 4Q17 results on February 27, 2018. The holiday season includes November and December and is a part of the fiscal fourth quarter for retailers. In fiscal 3Q17, which ended on October 28, 2017, Macy’s sales declined 6.1% on a year-over-year basis to $5.3 billion.
Macy's (M) has undertaken a slew of measures revolving around stores closures, cost containment and investment in omni-channel capabilities to drive performance in the fiscal fourth quarter.
Consequently, Walmart’s results will probably continue to be lackluster or worse going forward. Meanwhile, the valuation of WMT stock is still high compared to that of other major retailers. Consequently, investors should sell their WMT stock.
Even though markets have begun to stabilize in the wake of the recent sell-off, investors need to remain just as vigilant in their pursuit of stocks poised to top earnings estimates. For instance, Walmart (WMT) was cruising along until it fell short of Q4 earnings estimates before markets opened on Tuesday. Its stock price has sunk more than 12% since then.
Former Macy's Inc. CEO and chairman Terry Lundgren stopped by CNBC to let the network know what he's been up to since retiring from the Cincinnati-based retail giant (NYSE: M). Lundgren, looking relaxed in a turtleneck sweater and vest, told CNBC's Andrew Ross Sorkin that he has actually been investing in retail stock since his retirement from the industry. "I never bought a retail stock ever until the day I retired, and then all of a sudden I did," Lundgren said.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
With an ROE of 16.29%, Macy’s Inc (NYSE:M) outpaced its own industry which delivered a less exciting 12.08% over the past year. On the surface, this looks fantastic since weRead More...
The reduction in the corporate tax rate will boost Macy's cash flow. It could also encourage the company to become more aggressive about selling off non-core real estate.
Based on a quarterly services revenue run rate of $8.5 billion, which is what Apple (AAPL) generated in services revenue in fiscal 1Q18 (December quarter), Apple’s 2018 services revenue could be $34 billion. Since Apple is aiming for at least $48 billion in services revenue by 2020, $34 billion in services revenue in 2018 would leave it with a gap of $14 billion to cover in two years.
Moody's Investors Service has affirmed the ratings on seven classes in CSAIL 2015-C2 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2015-C2 as follows: Cl. A-1, Affirmed ...
Regional department store chain Bon-Ton filed for bankruptcy earlier this month. Find out why the company's business has been eroding for years with little hope in sight even if it avoids a liquidation.
Moody's Investors Service, ("Moody's") has affirmed the ratings on ten classes in Wells Fargo Commercial Mortgage Trust 2014-LC16, Commercial Mortgage Pass-Through Certificates, Series 2014-LC16 ...
Most businesses have a lot to gain from the new tax law, but the retail space in particular is cheering the impact it'll have on their bottom lines.
Moody's Investors Service, ("Moody's") has affirmed the ratings on fourteen classes of UBS-Barclays Commercial Mortgage Trust 2013-C6, Commercial Mortgage Pass-Through Certificates, as follows: ...
Macy's, TJX, and Best Buy are due. Plus, personal consumption, the ISM index, auto sales, and the second estimate of fourth-quarter GDP.
Yahoo Finance's Seana Smith, Dan Roberts and Dion Rabouin on Toys "R" Us reportedly closing 200 stores and what retailers need to do to compete with Amazon.