|Bid||21.77 x 4000|
|Ask||21.80 x 1300|
|Day's Range||21.23 - 22.20|
|52 Week Range||21.08 - 41.99|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||6.14|
|Earnings Date||Aug 13, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||1.51 (6.41%)|
|1y Target Est||25.79|
Let's see if investors should consider buying TJX stock before its Q1 earnings results after retail bellwethers Walmart (WMT) and Macy's (M) showed positive same-store sales growth and continued e-commerce expansion.
Goldman Sachs Upgrades Macy’s Stock after Its Q1 Results(Continued from Prior Part)What dragged on Macy’s gross margin?Macy’s (M) gross margin contracted ~80 basis points to 38.2% in the first quarter of fiscal 2019, which ended on May 4. The
Coming off of a first quarter that saw sales continue to grow and earnings that smashed Wall Street estimates, Macy's Inc. CEO Jeff Gennette came to Cincinnati to host the retailer's annual shareholder meeting on Friday.
Goldman Sachs Upgrades Macy’s Stock after Its Q1 Results(Continued from Prior Part)Same-store sales growthMacy’s (M) same-store sales grew 0.6% on an owned basis and 0.7% on an owned-plus-licensed basis in the first quarter of fiscal 2019, which
Goldman Sachs Upgrades Macy’s Stock after Its Q1 ResultsRating upgradeOn May 16, Goldman Sachs upgraded Macy’s (M) stock to a “neutral” from “sell.” Goldman Sachs upgraded its rating for Macy’s stock after Macy’s fiscal 2019
The board of directors of Macy's, Inc. today declared a regular quarterly dividend of 37.75 cents per share on Macy's, Inc.’s common stock, payable July 1, 2019, to shareholders of record at the close of business on June 14, 2019.
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The ratings on the principal and interest (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 6.4% of the current pooled balance, compared to 4.4% at Moody's last review. Moody's base expected loss plus realized losses is now 5.0% of the original pooled balance, compared to 4.3% at the last review.
Did April's US Retail Sales Report Fail to Impress?(Continued from Prior Part)What led to disappointing retail sales in April?Consumer spending has been trending downward this year with the US economy facing headwinds like slower tax refunds and
Walmart (NYSE:WMT) reported earnings last night and so far WMT stock is holding a rally on the headline.Source: Shutterstock WMT beat earnings even though they were lower than last year's this time. Revenues were higher than last year's but the company missed its forecast. Management cited currency headways that may have interfered with this report card. WMT had some good news on comparable sales, especially in the U.S. which beat estimates.In summary, Walmart delivered more good news than bad so the bulls have the upper hand … for now. So that brings us to the big question: is Walmart stock a buy here?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe answer, for the most part, is yes. I would suggest holding onto your longs, but don't chase it unless the investment time frame is long term. This is not a knock against the company's prospects as I am a fan of it. But it's a concern with the price action at these levels.So let me justify my answer: The stock market is still suffering from a massive trade war between the U.S. and China so they do have a host headwinds. This is a big unknown. WMT will probably pass the costs along to the consumers, but since margins are already thin there they will probably need to negotiate better sourcing terms if possible. * 10 Stocks to Sell Before They Tank Your Portfolio So it is not the time to get aggressive chasing Walmart stock up 3%.Walmart's management team is a proven winner. They are making many correct moves to adapt to the changing retail environment. They are pursuing e-commerce aggressively; for example, they just announced next-day shipping and beat Amazon (NASDAQ:AMZN) to the punch. Their advertising segment is also growing. These are hot topics for AMZN and Facebook (NASDAQ:FB) to name two.Some of these changes until they mature will be a drag on profitability. This includes e-commerce as it becomes a larger portion of the total business. It's not cheap to enter and grow a business that is so competitive already.I am not bearish on the stock. In fact, if you own it, I would suggest keeping it. It's a good defensive position in a jittery stock market. But its valuation is close to full as it sells at a price-to-earnings ratio of 42X. This is 25% more expensive than Costco (NASDAQ:COST). I don't see the panic to build a new big position now.Short-term traders could try and scalp momentum moves. Above $104, it could catch a second leg higher as it would invite momentum buyers. But for that purpose there are better vehicles.This morning, management delivered a report that confirms that they are executing well on their plan. But there are still risks that loom. This week Macy's (NYSE:M) sold off hard on its earnings results. I believe that most brick-and-mortar retailers are still struggling to survive the AMZN effect. Some of them will not make it, but Walmart will is not one to struggle. WMT will thrive in spite of Amazon. Bottom Line on WMT StockWalmart has become more aggressive in its fight against AMZN. Just this week it announced free overnight delivery for orders? AMZN had announced a similar benefit, but WMT beat them to the market. Clearly, they know that it's a fight that they need to win.Not many retailers can do this to AMZN. WMT built its empire by growing with very thin margins. It has been the low price leader for decades. So when Amazon came to the scene, WMT was best ready for the fight. The only other major retailer with a similar advantage is Costco. So it's no coincidence that these three stocks are thriving. * 7 Stocks to Buy that Lost 10% Last Week So the bottom line is that the fundamental opportunity for Walmart has never been better. They have the new technology to streamline their business even further and the money to make it happen. So, long term it's a stock to own as it will be higher … I just don't see the reason to chase it until it breaks out from $104.These are turbulent times for as long as the U.S. and China are in a full-blown economic war and they are fighting it in the social sphere. Stocks will whipsaw by tweets and state media blurbs. This is likely to linger for at least late June when the two presidents can meet during the G20 meetings.But the resolution is most likely not possible for months to come. So I should be cautious when taking on new bullish positions. I should start with partials so I'd have room to add in case gthe price goes against the thesis.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. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy Compare Brokers The post Walmart Stock Is a Buy … If It Meets These Requirements appeared first on InvestorPlace.
Investment banking giant Goldman Sachs upgraded Macy's Inc.'s stock after previously calling the Cincinnati-based retailer's turnaround plans "insufficient."
(M) stock (M) is drifting lower again on Thursday, a day after better-than-expected first-quarter results did little to stem negative investor sentiment about the department store. Macy’s has fallen 28% year to date and is off nearly 37% in the trailing 12-month period. Retail hasn’t kept pace with the overall market in 2019, with the (XRT) (XRT) up just 6%, but department stores in general haven’t even been able to match those gains in large part.
Macy's Inc (NYSE: M )'s stock has fallen more than 40 percent since Goldman Sachs first initiated coverage of the retailer, but the firm now says the risk-reward profile is "less skewed to the downside." ...
The largest U.S. department store operator is one of the first to comment publicly on the damage that U.S. President Donald Trump imposing tariffs on all remaining imports from China, another $300 billion worth of goods, could have on business. In Macy's case, the potential tariffs would impact both its private and national brands, said Macy's Chief Executive Officer Jeff Gennette. Gennette said any escalation of tit-for-tat tariffs was not factored into the company's annual outlook and that the company would do what it could to minimize the effect on customers.
We're currently ruled by tariffs and trade, with the Fed playing second fiddle. So when weak retail sales numbers came in, it freaked people out and set the stage for a terrific romp, especially after we learned the president's auto tariffs might be delayed.