|Bid||25.21 x 1200|
|Ask||25.33 x 1800|
|Day's Range||25.27 - 25.99|
|52 Week Range||25.01 - 67.75|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||8.21|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||1.48 (5.84%)|
|1y Target Est||34.00|
After a disappointing second-quarter earnings report, shares of Macy's plunged, and took shares of Kohl's, Nordstrom, and J.C. Penney down with them. Yahoo Finance's Myles Udland, Dan Roberts, and Brian Cheung discuss what the implications of the U.S.-China trade war could have on the retail sector in the coming months.
An annual gathering of central bankers in Wyoming and minutes from the latest policy meetings at the Federal Reserve and European Central Bank will give investors fresh insight into monetary policy, amid growing reservations about the health of the global economy. Leaders from the Fed and other major central banks will be in Jackson Hole, Wyoming, for a summit that will draw attention from investors looking for policy clues.
The inverted yield curve sparks recession worries. Macy's (M) and Walmart (WMT) earnings diverge. A Nvidia (NVDA) earnings preview. And why Hasbro (HAS) is a Zacks Rank 1 (Strong Buy) stock, all on today's episode of Free Lunch here at Zacks...
Macy’s Inc.’s disappointing second-quarter earnings report suggests that retail is in worse shape than we may have thought, said UBS analysts, and it could decline further.
Macy's (M) stock dropped 12.55% in trading Wednesday after reporting disappointing earnings before the bell. The stock is down a total of 45.1% YTD. However, from Q3 2017 through Q2 2018, the stock jumped 114.4%.
LOS ANGELES, Aug. 14, 2019 -- Glancy Prongay & Murray LLP (“GPM”) announces the continuation of its investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”).
Macy's slashed its profit guidance after Q2 earnings badly missed forecasts amid deep discounting. Shares plummeted Wednesday.
Shares of retailers are trading broadly, and in many cases sharply lower, as disappointing results from Macy's Inc. and growing concerns of an impending recessionary cycle weigh on the sector. The SPDR S&P Retail ETF dropped 3.9% in morning trading, putting it on track for an 8-month closing low, with 84 of 87 equity components trading lower. The retail ETF's (XRT) biggest loser was Macy's stock, which plummeted 16% to the lowest levels seen since February 2010, after the department-store chain missed second-quarter earnings expectations and lowered its outlook. Among the XRT's other biggest losers were shares of Nordstrom Inc. , which slumped 11%, and Kohl's Corp. , which tumbled 10%. Elsewhere, shares of Walmart Inc. slipped 0.3%, Target Corp. gave up 2.6% and Gap Inc. dropped 6.9%. The best performer was Monro Inc.'s stock , which rose 1.3%. The retail sector's selloff comes as the Dow Jones Industrial Average falls 583 points, as an inverted Treasury yield curve sparks fear that a recession may be looming. Separately, government data on July retail sales will be released on Thursday, before the open.
Nordstrom (JWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A company's return on assets (ROA) is a ratio that can help determine how efficient a company is at using its assets to generate profit.
Department-store earnings are on their way this week, but after big double-digit declines for major players in the sector, many investors likely won’t have high hopes for the reports.
Macy’s has issued another profit warning after it was forced to offer hefty discounts to shed merchandise, intensifying concerns on Wall Street over how department stores are coping in the age of ecommerce. Quarterly results from Macy’s on Wednesday showed its earnings almost halved from a year ago, putting shares in the S&P 500 company on track for their lowest close in nine years after dropping 14 per cent in morning trading. It sent shares in both Nordstrom and Kohl’s, which report results next week, down about 10 per cent. JCPenney, expected to post another quarterly loss on Thursday, was down 8 per cent.
Bankruptcies among longtime retailers like Toys R Us, Gymboree, Orchard Supply and Sears flooded the Bay Area's retail market with available space. It didn't take long for replacements to snap it up.