|Bid||0.00 x 4000|
|Ask||0.00 x 2900|
|Day's Range||21.86 - 22.39|
|52 Week Range||20.02 - 41.99|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||6.21|
|Earnings Date||Aug 13, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||1.51 (6.89%)|
|1y Target Est||23.62|
Rating Action: Moody's affirms ten classes of UBSCM 2012- C1. Global Credit Research- 15 Jul 2019. Approximately $1.04 billion of structured securities affected.
The ratings on three principal and interest (P&I) classes were upgraded primarily due to Moody's expectation of additional increases in credit support resulting from the payoff of loans approaching maturity that are well positioned for refinance. The ratings on four P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 0.1% of the current pooled balance, the same as at Moody's last review.
Rating Action: Moody's affirms seven classes of BACM 2015- UBS7. Global Credit Research- 15 Jul 2019. Approximately $549.6 million of structured securities affected.
Welcome to Wall Street’s version of the Fyre Festival. Or, as Vincent Deluard of INTL FCStone puts it, the “faking-it economy,” where you’ll find capitalism without capital” and “employers without employees.”
Mission Control … Snoopy is cleared for launch in 5, 4, 3, 2, 1, Let’s Have a Parade™! On Thursday, November 28, 2019, Snoopy, the world’s most beloved beagle, returns to the sky above New York City for the 93rd annual Macy’s Thanksgiving Day Parade®. Celebrating the wonder of space flight, Snoopy, decked in astronaut gear, will launch his new mission in celebration of the 50th anniversary of the moon landing this year and future missions to the moon and beyond. Snoopy is the longest running giant character balloon in the Macy’s Parade and this newest design marks the eighth version of the beloved Charles M. Schulz comic character.
The retailer continues to evolve as it works to compete in a fast-changing marketplace. The STORY concept is its latest effort to be different.
(Bloomberg Opinion) -- If you’ve spent any time in the Instagram fashion bubble recently, you probably know that Nordstrom Inc. is holding a massive promotional event that kicks into high gear on Friday. It’s called the Anniversary Sale, and it’s a weeks-long run of price reductions on new merchandise that the retailer has done a remarkable job of getting the fashion influencer-set to hype.(2)This time around, the deals bonanza represents an especially important test for the department store. Some of it has to do with the timing. Wall Street sentiment has curdled on this chain in recent months. In fact, Nordstrom is the worst-performing stock in the S&P 500 Index year-to-date. (Fellow department store heavyweights Macy’s Inc. and Kohl’s Corp., it should be noted, aren’t far behind.)A particularly sharp drop in share price came after its first-quarter earnings report, which rightly set off alarm bells for investors. Sales sank 3.5% from a year earlier in that period as a result of a raft of missteps: It changed how it distributed rewards to loyalty program members and that didn’t go well; it was out of stock on key beauty items; and didn’t have the right mix of entry-level and higher-price items in its women’s clothing business. That pricing issue might be a particular concern. UBS retail analyst Jay Sole wrote in a July research note that, in his recent customer survey, 5% more shoppers said Nordstrom has become more expensive than said so last year. Of course, Nordstrom isn’t aiming to be a discount retailer; weakening price perception would be a worse finding for, say, Kohl’s. But this still represents a risk that Nordstrom is alienating one-time devotees and could fail to attract younger shoppers. The Anniversary Sale, with its bounty of deals, is a good opportunity to chip away at that perception. But I’m going to be watching more than the price tags. It’ll be important to see whether Nordstrom is able to stay in-stock on those entry-price items, as well as particularly trendy ones, through the early days of the sale. I’ll also have an eye out for any website glitches that might frustrate online shoppers. During last year’s event, the company had to apologize for website problems; the site also had issues the previous year amid the surge in visits. Nordstrom needs to demonstrate it has learned from those mistakes and has invested technology resources appropriately to move past them.Big sale events sometimes can seem meaningless these days, when the likes of Gap Inc. and Macy’s seem to be having a promotion practically every day of the week. And another splashy deals event – Amazon.com Inc.’s coming Prime Day – seems to be taking up quite a lot of retail-industry oxygen.But the Anniversary Sale really matters for Nordstrom. The company indicated as much in its annual report:“Due to our Anniversary Sale in July and the holidays in the fourth quarter, our sales are typically higher in the second and fourth quarters than in the first and third quarters of the fiscal year. Any factor that negatively impacts these selling seasons could have an adverse effect on our results of operations for the entire year.”I still think Nordstrom has many advantages compared to its apparel-industry peers, including its not-bloated store fleet, its strong customer service, and its potentially potent idea for small-format local service centers. But for now, Nordstrom badly needs a win in the second quarter. Strong execution of this deals event will help determine whether it gets one.(1) Loyalty members who are top-tier spenders got access to the sale previously, but Friday is the kickoff for the masses, when any Nordstrom cardholder can start shopping.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Procter & Gamble Co. slipped to fourth-largest advertiser in the United States in 2018 – down from No. 2 the previous year despite spending almost as much, according to new estimates by Advertising Age.
Four of the market's premier retail brick and mortar stocks - Macy's Inc. (M), Gap Inc. (GPS), Kohl's Corp. (KSS) and Nordstrom Inc. (JWN) - have seen their shares plunge this year, all making the list of the S&P 500’s five worst performing stocks year-to-date (YTD). Meanwhile, the broader market has rallied to new highs, with the S&P 500 up 19.4% in 2019. Meanwhile, the traditional retailers will have to move quickly to fight off newer competitors adapt to new commerce trends to catch up, as outlined in a recent Wall Street Journal report.
Cincinnati-based retailer Macy's Inc. is partnering with two giant outdoors brands for the next chapter of its experiential retail concept Story.
Macy's new store-within-a-store concept has unveiled its new theme for the summer — one that the retail giant hopes will continue to draw customers to its brick-and-mortar locations.
Five years in the making. That is essentially the time it has taken for the S&P 500 to hit a milestone mark at 3,000 for the first time in its history. The stock gauge first closed at 2,000 on Aug. 26, 2014, according to Dow Jones Market Data.
The stock market is having its best year since 1997. Retail stocks, though, didn't get an invite to the party. Year-to-date, the S&P 500 is up a whopping 18%. As for retail stocks, the SPDR S&P Retail ETF (NYSEARCA:XRT) is up a meager 3%.Let's put this in context. The unemployment rate in the U.S. is at record lows. Wage growth is running at decade highs. Consumer confidence and sentiment have surged higher in 2019. Rates have dropped. Credit is good. Households aren't overly leveraged. Everything is going right for the U.S. consumer.Yet, despite everything going right, retail stocks are still up just 3% year-to-date, versus an 18% gain for the S&P 500. Why? The trade war, and a sluggish consumer in early 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, the U.S.-China trade war has been put on hold. It looks increasingly likely that a deal will be struck soon. At the same time, the Fed projects to cut rates this summer, and that should goose the economy and reinvigorate the consumer.Thus, the two headwinds that have killed retail stocks year-to-date, could reverse course this summer, and turn into tailwinds by the end of the year. That reversal ultimately means that retail stocks have big upside potential over the next several months from today's depressed levels. * 10 Stocks to Buy on College Students' Radars Which retail stocks should you buy to play this retail recovery rally? Let's take a look. Foot Locker (FL)Source: Mike Mozart via Flickr Athletic footwear retailer Foot Locker (NYSE:FL) has had a tough time over the past few years. The athletic retail market has shifted from wholesale retail to direct retail, and that shift has meant lower sales volume through wholesale retail distributors like Foot Locker. But, this shift has normalized over the past few quarters. As it has, Foot Locker's numbers have improved, and the stock has moved higher.The trade war knocked this FL recovery off course in 2019. Foot Locker is at the epicenter of the trade war, since the athletic footwear industry outsources a lot of production to China. As such, higher tariffs on China imports stand to significantly and adversely impact Foot Locker's numbers. Investors have been persistently nervous about this, and FL stock has dropped as trade tensions have hung around.Those trade tensions are now de-escalating. A deal looks likely soon. At the same time, the Fed is going to cut rates, and that will reinvigorate a sluggish consumer. The financial implications for Foot Locker? Stronger comparable sales growth and higher margins. That combination should ultimately spark a big rally in FL stock, which presently trades at an anemic 8-times forward earnings multiple. Macy's (M)Source: Mike Mozart via FlickrMuch like Foot Locker, mall retail giant Macy's (NYSE:M) has had a tough time over the past several years as the retail world has shifted from wholesale to direct. This shift has pushed consumers to direct-focused retail platforms like Amazon (NASDAQ:AMZN). Macy's has had trouble keeping up. Sales, margin and profit trends have been weak. Macy's stock has also been weak.Adverse secular trends coupled with trade war headwinds have pushed Macy's stock to depressed levels in 2019. We are talking 7-times forward earnings and a 7%-plus dividend yield. In other words, the sentiment is so negative surrounding Macy's stock that the stock is now essentially priced for profit trends to remain weak forever. * 10 Best Stocks for 2019: A Volatile First Half That won't happen. A trade deal and rate cuts will provide a big tailwind to the retail industry in the back half of 2019. This rising tide will lift all boats, even the beaten-up ones like Macy's. As such, Macy's profit trends will improve throughout the course of 2019, and as they do, Macy's stock should rally in a big way given its presently depressed valuation. Crocs (CROX)Source: Shutterstock Unlike Foot Locker and Macy's, sandal footwear brand Crocs (NASDAQ:CROX) has actually experienced tremendous success over the past few years. The brand orchestrated a huge operational turnaround in the mid-2010's through narrowing the product portfolio and focusing on the company's classic foam clog. Doing so reinvigorated revenue growth and cut expenses from the operating model, which produced robust profit growth. That robust profit growth propelled CROX stock from $6 in mid-2017, to over $30 by early 2019.The CROX turnaround hit a road-bump in early 2019. First quarter numbers weren't good. Sales growth slowed and gross margins tightened. The outlook wasn't great, either. Broadly, Crocs reported early 2019 numbers that implied that the best of the CROX turnaround is over. Investors proceeded to dump CROX stock. The stock now trades 35% off its 2019 highs.But, since those ugly early 2019 numbers, U.S. labor markets have remained healthy, rates have plunged, and trade tensions have eased. Plus, consumer interest with respect to Crocs has only surged higher since then, and the company just scored a big partnership with Vera Bradley.In other words, recent data implies that the best of the CROX turnaround is not over, the company the will report strong second-quarter numbers soon, and CROX stock is due for a nice recovery rally. Nordstrom (JWN)Source: Shutterstock Similar to Macy's, mall retail giant Nordstrom (NYSE:JWN) has struggled over the past several years to drive traffic gains against the backdrop of a consumer exodus from physical to digital shopping channels. These struggles got really bad in early 2019. The company recently reported awful first-quarter numbers that included negative comparable sales growth and margin compression. Management also cut the full year 2019 guide. In response, JWN stock tumbled.But, really bad early 2019 numbers were an anomaly produced by ephemeral headwinds, such as poor execution on a new loyalty program and a lack of digital marketing spend. Those two hiccups have been remedied. As such, it is likely that Nordstrom's numbers improve meaningfully into the summer, especially with trade tensions cooling, the labor market healthy and a rate cut on the way. * The 7 Best Long-Term Stocks to Buy for 2019 and Beyond Improving numbers should spark a rally in JWN stock. The stock trades 50% off recent highs. It's also at a decade-low valuation level. This combination of fundamental improvements and a depressed valuation give the stock ample firepower to shoot higher over the next few months. Canada Goose (GOOS)Source: Shutterstock Luxury outdoor apparel brand Canada Goose (NYSE:GOOS) was once one of Wall Street's favorite retail stocks, due to its robust growth trajectory. Then, the company reported sub-par fourth-quarter numbers that comprised of slowing growth trends and delivered a disappointing long-term growth guide. The implication? The growth trajectory here isn't as robust as everyone thought it was. GOOS stock subsequently dropped.But, Canada Goose is still a 20%-plus revenue growth company with a healthy and expanding margin profile. Net net, that should drive 20%-plus profit growth, versus an average long-term profit growth rate across the retail segment of below 10%. For that sub-10% growth, retail stocks are trading at 18-times forward earnings. For more than double that growth potential (20%-plus profit growth), GOOS stock is trading at less than double the retail average valuation (30-times forward earnings).Thus, relative to other retail stocks, GOOS stock now gives investors more bang for their buck. As such, as the broader retail industry rallies over the next several months thanks to cooling trade tensions and rate cuts, GOOS stock should generate alpha relative to its peers due to its attractive fundamentals and favorable valuation. Dollar General (DG)Source: Mike Mozart via FlickrYou want to buy off-price retail giant Dollar General (NYSE:DG) because this company has found a winning strategy in the dynamic retail landscape, and it will continue to leverage that winning strategy to drive high-quality profit growth over the next several years.Over the past decade, Dollar General has honed in on becoming a go-to off price destination for consumer staples products. Because consumers always need to buy consumer staples products, and because consumers always love low prices, this retailing strategy has produced strong sales and profit growth for Dollar General over the past several years.This strong growth continued in early 2019, when the rest of retail broadly reported bad numbers. It's also expected to persist for the rest of the year, as management delivered a healthy full-year 2019 guide in the company's last earnings report. The implication? Dollar General will continue to leverage its winning off-price retailing strategy to drive big profit growth for the next several quarters and years, regardless of how the rest of the retail shapes up. * 7 Simple Ways for Young Investors to Invest Their First $1,000 So long as the profit growth trend here remains favorable, DG stock should continue to move higher. As such, the smart move here is to stick with the rally in DG stock for the foreseeable future. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)The bull thesis on Lowe's (NYSE:LOW) is pretty simple. For all intents and purposes, Home Depot (NYSE:HD) and Lowe's are largely the same company, so their stocks should trade at similar valuations. Normally, they do. But, every once in a while, LOW stock trades at a sizable discount to HD stock. Whenever this valuation discrepancy arises, it's usually a signal to buy LOW stock (so long as the economic backdrop remains favorable).That's exactly where we are today. HD stock trades north of 20-times forward earnings. LOW stock trades at just 18-times forward earnings. That's the biggest valuation discrepancy between these two stocks over the past three years. Meanwhile, the economic backdrop is favorable (low rates, full labor market, big wage gains, etc.), and Lowe's actually just out-comped Home Depot last quarter.Net net, LOW stock presently trades at a sizable discount to HD stock, but the fundamentals say it shouldn't. Ultimately, the fundamentals will win out here, meaning LOW stock is due for a nice rally over the next few months.As of this writing, Luke Lango was long FL, M, AMZn, CROX, JWN and LOW. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 7 Retail Stocks to Buy for the Second Half of 2019 appeared first on InvestorPlace.
Macy's will offer its customers "an outdoor-inspired playground that places an editorial focus on entertaining, bringing the outside indoors, as well as recreational activities."
Macy's Inc. is launching its latest experiential shopping experience with help from Dick's Sporting Goods Inc. and Scotts Miracle-Gro Co. on Tuesday: Outdoor Story. The selection of curated items will focus on bringing the outdoors inside, and include more than 70 brands and events like indoor gardening workshops. Macy's acquired Story in May 2018 and made its founder, Rachel Shechtman, brand experience officer. Story would change its store design and merchandise every few weeks. Story at Macy's is currently in 36 locations around the country. Outdoor Story will run until September. Macy's stock has taken a 27.2% tumble in 2019, Dick's Sporting Goods is up 18.3% and Scotts Miracle-Gro has rallied nearly 63%. The S&P 500 index is up 18.7% for 2019 so far.
Retail firms have learnt the hard way that quality supersedes quantity and overexposure though higher number of stores often fail to yield the desired effect.
Retail firms have learnt the hard way that quality supersedes quantity and overexposure though higher number of stores often fail to yield the desired effect.
Financial markets are starting to show some warning signs of a coming slowdown: housing starts are slowing, higher tariffs are stifling expansion, and estimates of 2019 growth have fallen from near-3% to 1%. While most economists are not saying a recession is on – yet – the investing landscape is growing ominous.Which means, it’s a good time to find reliable dividends. These are the stocks that will ensure an income for you when markets go south. Let’s look at some of the best dividend stocks available, see what makes their payouts so great, and find out Wall Street’s top analysts and financial bloggers think of them. Macy’s, Inc. (M)Like the rest of the US department store segment, Macy’s has seen hard times of late. Starting in 2015, the company closed more than 150 under-performing locations, and reported six consecutive quarters of declining sales.Those dark days may be behind the retail giant, however, which still operates nearly 600 suburban stores, primarily under the Macy’s and Bloomingdales names. Macy’s ended its last fiscal year in February with its first comp-store sales growth in five years, a deep reduction in debt load, and a free cash flow that remains over $1 billion annually. It’s an impressive turnaround for the chain.The turnaround assures the company’s near- to mid-term future, but for investors its most important aspect may be that it also assures the company’s dividend. While the payout is only $1.51 per share annualized, the share price of $21.27 puts the yield at an impressive 7.1%. In fact, M’s dividend yield is the fourth highest among S&P 500 companies. And remember that $1 billion free cash flow? It’s more than double the amount needed to cover the annual payout, which in fiscal 2019 totaled $463 million.With a high yield, safe payout, and low share price, Macy’s is a swing and a hit for dividend investors. Five-star financial blogger Bill Zettler lays out the supports for Macy’s case clearly: “Macy’s is successfully addressing threats to their retail business, paying down debt every year, and posses real estate holdings worth more than 3 times [the company’s] market value.”Analyst Robert Drbul, of Guggenheim, set a ‘buy’ rating on the stock, and noted, “We think annual comp gains of ~1% are achievable as initiatives such as Backstage continue to perform well, positively impacting brick and mortar sales… The company’s strategic initiatives continue to fuel growth, while digital remained strong and benefitted from online sales and mobile growth…” Drbul gives the stock a price target of $30, suggesting an upside of 41% in the next 12 months.Macy’s overall has a ‘Hold’ from the analyst consensus, based on 1 buy, 2 holds, and 1 sell given in the past three months. Shares are trading at $21 with an average price target of $24, indicative of a 12% upside potential. The company’s name recognition, established market niche, and recent financial stabilization are all supportive factors.View M Price Target & Analyst Ratings Detail McDonald’s Corporation (MCD)The fast food leader has benefitted from smart leadership and an effective business plan in recent years, as it recovered from declining sales and income losses early this decade. New initiatives, including store remodeling, menu streamlining, improvements to ingredients, and automated ordering kiosks all had the desired effects, and since the end of 2015 years McDonald’s has seen a consistent upward trend in share price.The rising share price has brought MCD’s dividend up to $4.64, or $1.16 per share in quarterly payouts, despite a modest yield of only 2.18%. And the company has maintained that regular payout while also implementing a $6 billion infrastructure improvement effort in its stores. It’s a measure of the company’s strong cash flow and profitable business model that it has managed both.Market watchers have been attracted to McDonald’s in recent quarters, impressed by the company’s ability to adapt to a changing fast food environment while maintaining its image and reputation. The five-star blogger Luke Lango wrote, in recommending MCD as one of his favorite food stocks, “McDonald’s has continued to improve its menu and service over the past the several months and years. These improvements put the company in a favorable position to grow for the foreseeable future...”Jefferies analyst Andy Barish is also bullish on MCD. He says, “…fresh beef Quarter Pounders, bundling promotions, delivery, and kiosks are all aiding McDonald's check growth,” while describing that check growth as “remaining robust.” Barish sets a ‘buy’ rating on the stock, along with a $230 price target. His price target represents a 2% increase, and suggests an 8% upside to the stock.With 16 buys and 5 holds assigned in the last quarter, MCD stock has a ‘Strong Buy’ analyst consensus rating. Shares are trading for $212, which gives it a modest 2.44% upside based on the average price target of $218. The reliable dividend, high in absolute dollars despite a low yield, makes this stock a winner for income investors.View MCD Price Target & Analyst Ratings Detail Altria Group, Inc. (MO)Altria is a classic “sin stock.” The company is the parent of the famous Marlboro cigarette brand, and is moving into the legal cannabis industry with an ambitious $1.8 billion investment in Canada’s Cronos Group (TSE:CRON). The Cronos investment gives Altria a 45% stake in the marijuana company, North America’s fourth largest cannabis producer. In addition to cannabis, Altria has a 10% stake in the Anheuser-Busch Inbev (BUD) brewery company, and owns 35% of JUUL, a growing brand of e-cigarette.Cigarettes are still the core of Altria’s business, even with the company’s various related investments, and increasing social pressures toward non-smoking have pushed MO shares down in recent years. Share price has fallen from near $70 in June to 2017 to just under $50 today. At the same time, due to the addictive nature of Altria’s products, the company has been able to maintain cash flow by increasing prices. And Altria keeps investors happy by sharing that cash flow through a generous dividend.Altria pays out a notable $3.20 per share, in four quarterly payments of 80 cents each. The stock’s yield is an impressive 6.51%, putting Altria right behind Macy’s among the S&P 500’s top dividend payers, and the company has made increases to its dividend 53 times over the last 49 years. The last increase was made in October of 2018. Staying power counts in the financial world, as is clear from Warren Buffett’s dictum, “Our favorite holding period is forever.” In terms of longevity, yield, and absolute dollars, Altria’s dividend is a true champion.Altria’s longevity and dividend have attracted attention from financial blogger David Pinsen, who describes the stock as a core around which to build a “bulletproof” portfolio. He chose the stock for its combination of high returns, especially the dividend.Reviewing Altria for Wells Fargo, analyst Bonnie Herzog also sees the stock as a compelling choice. She gives it a ‘buy’ rating, noting the pricing increase on Marlboro but more importantly noting the increased in EPS forecast to $5.05 by 2020. Stating the case for MO, she says, “We increasingly believe MO has multiple levers to pull to offset decelerating cigarette volumes and drive increased profitability including; strong pricing power, cost savings and JUUL service agreement payments.” Her price target, $65, show her confidence in the stock; it suggests a 32% upside potential.Altria gets a ‘Moderate Buy’ from the analyst consensus, based on 2 buys, 1 hold, and 1 sell set during the last three months. Shares are trading for $49.19, and the average price target is $55.33. This gives the stock a potential for 12% upside in the next year.View MO Price Target & Analyst Ratings DetailLearn more about these dividend champs with TipRanks’ Stock Comparison tool. You can lay them out side-by-side, to see which is best for your investment portfolio.
The Zacks Analyst Blog Highlights: Nordstrom, Kohl's, Macy's, Simon Property and Planet Fitness