|Bid||51.75 x 900|
|Ask||52.99 x 3000|
|Day's Range||51.48 - 54.08|
|52 Week Range||37.79 - 54.97|
|PE Ratio (TTM)||19.00|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||1.48 (2.87%)|
|1y Target Est||53.00|
U.S. stock futures rose on Thursday, Aug. 16, after China said it was set to resume trade talks with the United States. China said it would send a delegation to Washington later this month for talks. The visit was at the invitation of the U.S., the Chinese Commerce Ministry said.
Shares of Macy's (M) were down nearly 14% in afternoon trading Wednesday after the department store giant's second-quarter revenue fell short of expectations. Wall Street's attention will now shift to its industry rivals, Nordstrom (JWN) and J.C. Penney (JCP), which are both due to post their latest quarterly earnings reports tomorrow.
Analysts surveyed by Factset Inc. are predicting earnings per share of 84 cents on sales of $3.965 billion with same-store sales expected to rise 0.8%. Shares of Nordstrom were down more than 5% Wednesday, ending the trading day at $51.86.
A Macy's sell-off is a temporary setback on the path to further gains for retail, says one strategist.
This week is a busy one for retail stocks, as a host of big names in the industry report their quarterly results in the wake of better than expected consumer spending power in the U.S. With wages up 2.7% and the unemployment rate at 20-year lows, many believe that Americans loosened their purse strings and spent more over the past few months. On Thursday, we will learn whether upscale department store chain Nordstrom (NYSE:JWN) was able to continue that trend, as it will report its second-quarter results. When investors examine Nordstrom’s results, they will be keeping a close eye on JWN’s management of its off-price brand.
Macy’s (M) stock fell 12.7% as of 11:35 AM EST today, August 15. Macy’s exceeded analysts’ sales and earnings expectations for fiscal Q2, which ended on August 4. Its adjusted EPS of $0.70 in fiscal Q2 2018 handily exceeded analysts’ expectation of $0.51.
Shares of retailers took a thrashing Wednesday with Macy's and JC Penney leading the pack, tumbling by as much as 14.3 percent and 11 percent, respectively, in early morning trading.
Undoubtedly, one of the biggest surprises of this year is the retail industry. Specifically, iconic department stores like Macy’s (NYSE:M) have proven doubters wrong in the best possible way: making them rue the opportunity cost of not joining the fun. Just prior to its second-quarter fiscal 2019 earnings report, M stock was up nearly 66% year-to-date.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? As of August 13, Kohl’s stock price is up 40.9% on a YTD (year-to-date) basis. Kohl’s stock has been rising as its strategic initiatives gain traction.
Kohl’s (KSS) is slated to announce second-quarter results on August 21. Analysts expect adjusted EPS growth of 32.3% to $1.64 for the second quarter. Lower tax and share repurchases are likely to cushion bottom-line numbers along with 2.7% growth expected in net sales.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Tuesday's trending market topics from the floor of the New York Stock Exchange.
Retail stocks are mostly having a pretty good year, and two department-store names are breaking out into buy territory on Tuesday.
Nordstrom (JWN) has exceeded analysts’ earnings estimates in seven of the past nine quarters. Nordstrom is scheduled to announce its fiscal second-quarter results on August 16. Nordstrom’s fiscal first-quarter adjusted EPS of $0.51 handily exceeded analysts’ consensus expectation of $0.43.
Nordstrom (JWN) has exceeded analysts’ revenue expectations for the last five years. In the first quarter of fiscal 2018, which ended on May 5, Nordstrom reported revenue of $3.56 billion and surpassed analysts’ expectation of $3.46 billion. Nordstrom’s revenue is comprised of its retail net sales and credit card revenues.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? Kohl’s (KSS) is slated to announce second-quarter results on August 21. Analysts expect Kohl’s to report net sales growth of 2.7% to $4.26 billion in the second quarter.
On August 10, Wedbush initiated coverage of Nordstrom (JWN) stock with a “neutral” rating and a price target of $55. As of August 13, Nordstrom stock was rated a “hold” by 17 of the 24 analysts (71%) covering the stock. Five analysts rated it a “buy,” and five rated it a “sell.” Nordstrom is scheduled to announce its fiscal second-quarter results after the markets close on August 16.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? Kohl’s current dividend yield of 3.2% is based on a closing price of $76.42 as of August 13. The dividend yield represents cash flow received by an investor for each dollar invested in the company’s stock.
Spending at retailers is predicted to climb at least 4.5%, compared with a prior forecast range of 3.8% to 4.4%, per the National Retail Federation.
Will Kohl’s Second-Quarter Results Meet Wall Street Expectations? Analysts remain on the sidelines about Kohl’s (KSS) ahead of its upcoming second-quarter results on August 21. For the fiscal second quarter, Wall Street analysts have projected net sales to grow 2.7% to $4.3 billion.
It's retail's time to shine this earnings season with industry leaders Walmart, Nordstrom and Home Depot each set to report quarterly results this week. Only one retailer looks like a win to this technician.
Investing.com - Investors will stay focused on Turkey's deepening currency crisis and the fallout across global markets in week ahead to see if any more news materializes after Washington's latest sanctions on Ankara battered the lira and triggered a move out of riskier assets.
J.P. Morgan Analyst Matt Boss breaks down what to expect from a big week of retail earnings, with reports expected from Home Depot, Macy's, Walmart, Nordstrom and J.C. Penney.