|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||45.24 - 47.45|
|52 Week Range||5.42 - 48.70|
|Beta (5Y Monthly)||2.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||52.95|
Say goodbye to the old Macy's store in the outskirts of town.
Insightful trends about how some of the industry’s biggest names are shouldering the pandemic.
Wells Fargo analysts are forecasting a February retail slowdown due to a number of factors including the end of stimulus spending and winter storms that preclude in-store spending and stall e-commerce delivery times. "We'd also note that late-February is normally when retailers begin flowing in receipts of Spring merchandise to stores, so cold/snowy weather may mean a delayed start to Spring demand," analysts led by Ike Boruchow wrote. "Furthermore, though California lifted it's more-extreme restrictions that were reinstated in January, recent news of new COVID strains spreading in the region will likely have an averse impact on the state's recovery." COVID-related lockdowns in Europe have also been a first-quarter headwind. According to the research group's proprietary "Boruchow Buyside Barometer," Farfetch Ltd tops the ranking followed by Coach parent Tapestry Inc. and Michael Kors parent Capri Holdings Ltd. . Athleisure also continues to have a good showing with Foot Locker Inc. and Under Armour Inc. moving up the ranks and Nike Inc. continuing to rate high on the list. The SPDR S&P Retail ETF has gained 78.8% over the past year, far outpacing the benchmark S&P 500 index , which is up 16.6% for the period.