|Bid||24.01 x 900|
|Ask||25.49 x 1300|
|Day's Range||24.21 - 24.88|
|52 Week Range||22.47 - 41.99|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||4.53|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||1.51 (6.02%)|
|1y Target Est||27.47|
Major consumer companies including Unilever, Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. The companies are pitching new online subscription services, which promise stable revenues, lower delivery costs and valuable data about customers. The world's biggest packaged food company, Nestle, whose Nespresso coffee is already a sizeable subscription business, recently launched a subscription programme for nutritional drinks in Japan and expanded ReadyRefresh, an online bottled water service, in the United States.
Kohl’s Growth Prospects in 2019(Continued from Prior Part)Margin performance For the first three quarters of 2018, Kohl’s (KSS) gross margin expanded by 40 basis points to 37.8%, mostly due to higher full-price sales amid rising expenses.
Kohl’s Growth Prospects in 2019Future expectationsFor the fourth quarter of fiscal 2018, Wall Street analysts expect Kohl’s (KSS) sales to fall 2.7% YoY (year-over-year) to $6.59 billion. For fiscal 2018, analysts forecast sales growth of 1.1%
The past month's rousing market rally has been a rising tide lifting all boats. Every sector has participated in the broad-based boom, and some industries have even reclaimed all that was lost during December's disaster. The action in retail stocks has been particularly strong with many attractive stocks to buy. To assess the action, we'll use the SPDR Retail ETF (NYSE:XRT), which counts all of the sector's biggest companies among its holdings. Since bottoming at $38.10, XRT has climbed 15% to test the descending 50-day moving average. Two bullish developments from the past week suggest further upside could be in the offing. First, the down-gap caused by lousy earnings news from Macy's (NYSE:M) on Jan. 10 was rapidly reversed showing dip buyers remain aggressive. Second, XRT's ability to hold firm in the face of overhead resistance suggests sellers are thus far powerless to turn the fund lower. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Top 10 Global Stock Ideas for 2019 From RBC Capital With that said, here are three retail stocks to buy that stand out among the rest in the space. ### Bed Bath and Beyond (BBBY) Bed Bath and Beyond (NASDAQ:BBBY) entered this month's earnings release in desperate need of a positive catalyst. Deteriorating fundamentals have driven BBBY stock down as much as 87% from its 2013 peak before the recent rebound. Fortunately, the company was able to deliver earnings that beat estimates (18 cents versus 17 cents) and report improved guidance for 2019. The stock soared almost 30% in the three days after earnings before pulling back on profit-taking. This three-day retracement is creating an attractive low-risk entry for traders anticipating further upside. BBBY is now above its 20-day and 50-day moving averages, so bulls have wrested control of the short-term trend. And volume patterns look constructive with large volume accompanying the breakout and light volume during this week's retreat. Once BBBY breaks above a prior day's high, buy the May $14/$19 bull call spread for around $1.75. The risk is limited to $1.75, and the reward is limited to $3.25. ### Nike (NKE) The technical posture of Nike (NYSE:NKE) has improved considerably since Christmas. With the 18% rally off the lows, NKE stock has climbed back above all major moving averages, returning to key horizontal resistance near $79. This level has kept a lid on the shares ever since October, which means its eventual break will signal a major victory for bulls. It will also set Nike shares up for a run toward their 2018 high of $86.04. * 10 Growth Stocks With the Future Written All Over Them Implied volatility has come in considerably, making long premium plays more tempting than short ones. Buy the March $80/$85 bull call spread for around $1.50. The risk is limited to $1.50, and the reward is capped at $3.50. ### Lululemon Athletica (LULU) Source: ThinkorSwim Lululemon (NASDAQ:LULU) rounds out today's trio and carries one of the best looking charts in the retail sector. Its recent trend reversal higher received a boost on Monday when the company raised its guidance for fourth-quarter earnings. LULU stock gapped up and has continued climbing each day since. It's now testing an important horizontal resistance threshold around $147. Breaking above it should clear the runway for a ramp toward its all-time high of $164.79. And with all major moving averages now rising beneath the price, I see few reasons why LULU won't continue pushing north. To bank on the continued upside, buy the March $145/$155 bull call spread for $4.25. The risk is limited to $4.25, and the reward is limited to $5.75. As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to protect your portfolio against a crash. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post 3 Retail Stocks to Buy As They Rise From the Ashes appeared first on InvestorPlace.
Macy's, J.C. Penney, Nordstrom and Kohl's each have given Wall Street a glimpse at how they performed this holiday season. And it doesn't look good.
Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores and attempt sell its Janie and Jack business, intellectual property and online business. "The company has worked diligently in recent months to explore options for Gymboree Group and its brands, and we are saddened and highly disappointed that we must move ahead with a wind-down of the Gymboree and Crazy 8 businesses," CEO Shaz Kahng said in a prepared statement.
Dividend investing is back in fashion as wild price swings in the stock market and prolonged uncertainties weigh on investor sentiment. Retail companies enjoyed a strong holiday season but online sales continue to eat into brick-and-mortar shops’ margins. Brazil came third as the nation’s stock market soared to all-time highs on positive momentum. Biotechnology shares marked a major reversal on mergers and encouraging trial data. Small caps closed the list as some investors are adding them back to their portfolios. Check out our previous Trends edition at Trending: Brazil Welcomes New President in Hope of Economic Resurgence.
Consumers were whipping out their credit cards more, but long term, is that going to be enough to let traditional chains prosper?
Building on a long history of women in leadership roles at Macy’s, Inc. (NYSE:M), the rich diversity of Macy’s, Inc.’s senior management will be in focus at the Shoptalk 2019 conference this March. The Shoptalk conference will be held at The Venetian in Las Vegas from March 3-6, 2019, with Macy’s, Inc. executives slated to discuss the breadth of the brand’s omnichannel customer experiences, vendor diversity, technology enhanced customer product experiences and next-generation retail formats. Diversity and Inclusion are core to our success, and I am so proud to have this incredible lineup represent us at this year’s Shoptalk conference,” said Jeff Gennette, Macy’s, Inc. chairman & chief executive officer.
Rating Action: Moody's affirms five classes and downgrades four classes of COMM 2012- LC4. Global Credit Research- 16 Jan 2019. Approximately $660.2 million of structured securities affected.
Goldman Sachs downgraded Nordstrom Inc. to neutral from buy as same-store sales growth on full-priced merchandise decelerates. Goldman has a $50 price target on Nordstrom stock. The downgrade follows the luxury retailer's holiday season sales announcement, which shows full-price same-store sales increased 0.3% compared with 1.9% growth for the third-quarter year-to-date. Nordstrom said full-price sales were below expectations. "Following two releases in which full-price comps have disappointed versus our expectations, we have fading confidence in the outlook for the core department store business, and see choppy gross margins as likely offsetting good news on costs as the company cycles generational investments," Goldman analysts led by Alexandra Walvis wrote in a note. The news follows disappointing results from retailers including Macy's Inc.. Nordstrom shares have sunk 8.4% in Wednesday premarket trading, and are down 24.5% over the past three months. The S&P 500 index has lost 7.1% in the last three months.
Nordstrom’s Holiday Sales: Another Department Store DisappointsNordstrom stock downNordstrom (JWN) stock declined about 4% in after-hours trading on January 15 after the company reported weak same-store sales for the holiday period. Nordstrom
JCPenney Hopes Key Executive Appointments Will Lead to TurnaroundNew leadership positionsJCPenney (JCP) stock rose 1.5% on January 15 in reaction to the mid-tier department store chain’s announcement of key executive appointments. JCPenney
As Jeff Gennette, the CEO of Macy's, laid out, there simply wasn't good follow through after Black Friday at the venerable chain. When he cut numbers, he cited specific categories of weakness: women's sportswear, fashion jewelry (not fine jewelry, which did well) fashion watches and cosmetics.
Nordstrom said Tuesday evening that it now expects its diluted earnings per share for fiscal 2018 to fall on the low end of a prior range of $3.27 to $3.37.
Compensation Advisory Partners Associate Ryan Colucci and Founding Partner Melissa Burek By John Jannarone 100x? 1000x? The ratio of CEO compensation to median employee income can be a staggering figure – one that some companies feared would cause uproar among staff and journalists when they were widely reported in public filings over the last year. […]
Last time I traded Macy's (NYSE:M) was off the price action before and after the May 2018 earnings reports. I won on two trades. First I went long on a dip to $29 per share which was then support. Then another long bet off the earnings beat that management delivered soon thereafter. Now Macy's stock is in trouble with is a completely different outlook. Today's I will argue against the rush to own the stock even after such a big fall. Before you send me your hate mail, let me explain. My issue is with the the company prospects, not the shorter term stock action. Those who want to trade it for the short term need not be bothered by my comments. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Even though the retail sector had a strong holiday season, somehow Macy's failed to capitalize on a U.S. consumer who is fully employed and on a spending spree. The stock collapsed last week when the company downgraded its own forecast. Since then it has not yet found footing. Usually candles of the size of that one from Jan. 10 are rarely a one day event. Those who tried to catch the falling machete lost some digits. So is now a better time to try and invest in Macy's stock? The short answer is No, there is no hurry yet. * 8 Dividend Stocks With Growth on the Horizon But to elaborate, I'd say that there are better opportunities to risk my money elsewhere -- even within the retail sector. I fail to see the catalyst that would turn Macy's into a must-own undervalued stock. Not after what management just told us. Even if it bounced now, M stock will not rally on its own so. It will need the general markets to be also rallying for it to move. It does happen that out-of-favor stocks can rebound alone, but not when the company basically told us that for the short term things are tough. I'd rather be long markets than risk my money on Macy's. The $29 prior support zone is likely to become forward resistance for months to come. Let me explain the reasons why I think that Macy's stock has a tough slog ahead of it before it becomes a viable long term risk. ### Reasons to Beware Macy's Stock Brick-and-mortar retailers like Macy's have never recovered from the decimation that Amazon (NASDAQ:AMZN) inflicted on them over the past decade. Last summer, experts in the media wrongly assumed that they had figured AMZN out. But I took issue to that then, and this downgrade is proof. Macy's management may be growing their online sales but I argue that it's actually killing them faster. Why? They are not taking back sales that they lost to AMZN, they are merely migrating their own foot traffic online. So in essence they are contributing to making their stores even more obsolete than they currently are. Moreover, bringing the sales online is one thing but doing it profitably is another. AMZN and Walmart (NYSE:WMT) before it both built their empires on thin margins so they are experts at it. M is still a novice and hence is inefficient. Macy's still hasn't figured out how to compete profitably with AMZN online. They are stuck between a brick and a hard place. So something has to change, because whatever they are doing is not yet working. Those take time; hence the non-urgency to invest in it for the long term. Not all retail is the same. Yesterday morning we got more proof from Lululemon (NASDAQ:LULU) that this is not a general retail problem, it's a disaster unfolding in the traditional physical centers like Macy's and JC Penny (NYSE:JCP) to name two. LULU raised its outlook and the stock soared 5.73% on the headline. Macy's and JCP stocks fell -1.34% and -1.52% on the same day. Technically and up until last week, M stock had been performing better than the SPDR S&P Retail ETF (NYSEARCA:XRT). But now it's no longer a contest. Macy's stock is still sliding off last week news. LULU and stocks like Nike (NYSE:NKE) which control their own product lines are by far the most attractive to investors these days. Those two are up 80% and 20% respectively in the past year. I have nothing against Macy's the company. But I truly think that they have a big hole from which to dig out to compete in the new online trend at equal levels with AMZN, and they are doing it with a spoon. The stock could catch a bounce, but there is a good chance it falls closer to $22 per share -- especially if the indices decide to retest the February lows. They need to change their strategy. Meanwhile, the good news is that the long term charts show that price is approaching prior long-term pivot levels and those tend to lend support. So if I am already long Macy's it's probably too late to sell. But I am not in a hurry to buy it or add to a position here. Those who absolutely want to better do partial orders in case I am right about this. Click here and enjoy a free video and more of my market thesis and get an ongoing free copy of my weekly newsletters. 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. Compare Brokers The post Macyas Stock Is Stuck Between Brick-and-Mortar and Cyberspace appeared first on InvestorPlace.
CNBC's Courtney Reagan reports from the National Retail Federation annual convention in New York City on the discussion among the retail industry's key players.