38.17 -0.04 (-0.10%)
Pre-Market: 8:03AM EDT
|Bid||37.97 x 2200|
|Ask||38.19 x 800|
|Day's Range||36.09 - 38.24|
|52 Week Range||17.41 - 41.99|
|PE Ratio (TTM)||7.10|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||1.51 (4.19%)|
|1y Target Est||36.23|
While Dillard's stock is a lot cheaper than it was a week ago, it still doesn't look like a bargain for investors.
The department store chain delivered profit and revenue beats for the second quarter, plus higher guidance. But the stock sank as investors reassessed the retailer's longer-term performance.
JCPenney’s (JCP) net sales fell 7.5% on a YoY (year-over-year) basis to $2.76 billion in the fiscal second quarter, which ended on August 4. The company’s fiscal second-quarter revenue (made up of retail net sales and credit income) fell 7.8% to $2.83 billion and missed analysts’ estimate of $2.86 billion. JCPenney’s 7.8% revenue fall in the quarter was steeper than its 4.1% fall in the fiscal first quarter.
JCPenney’s (JCP) dismal performance in the fiscal second quarter, which ended on August 4, triggered downward revisions to its price target by many analysts. The mid-tier department store chain disappointed investors with a significant fall in its fiscal second-quarter net sales and a poor outlook.
Macy’s (NYSE:M) second quarter results, reported on Tuesday, indicate that its positive catalysts remain intact. Investors should buy M stock, as these catalysts should continue to boost its results going forward, while its valuation is extremely attractive and lower than that of many brick-and-mortar retailers. The sharp drop in Macy’s stock on Wednesday was irrational and has created an extremely attractive entry point.
Despite reporting solid earnings and raising guidance on Wednesday, Macy's Inc. (NYSE:M) was punished by investors, who seemed to shrug off clear signs the company is reaping rewards from its aggressive revamping and adaptation strategy. Warning! GuruFocus has detected 2 Warning Sign with M. Click here to check it out. Macy's reported second-quarter earnings of 70 cents per share, beating analysts' expectations of 51 cents per share, and revenue of $5.57 billion, topping the $5.5 billion analysts had anticipated.
Macy’s (M) reported improved gross and operating margins in the fiscal second quarter despite lower sales. Macy’s gross margin expanded 80 basis points to 40.4% in the fiscal second quarter. Efficient inventory management helped the company improve its gross margin in the fiscal second quarter.
Macy's and Walmart both had good news for investors this week, but Walmart's shares rallied 9.3 percent while Macy's sank 16 percent. Before Macy's reported earnings Wednesday, its shares had more than doubled over the last year. Walmart WMT and Macy's M both had exceptionally good news for investors when they released their second-quarter earnings this week.
Although Macy’s fiscal second-quarter sales of $5.57 billion exceeded analysts’ estimate of $5.55 billion, its stock declined 1.1% year-over-year. Nordstrom (JWN), on the other hand, delivered impressive sales growth of 7.1% to $3.98 billion in the fiscal second quarter. Macy’s adjusted EPS grew 52.2% to $0.70 in the fiscal second quarter and beat analysts’ expectation of $0.51.
Wall Street analysts revised their price target for Macy’s (M) after the company reported its fiscal second quarter results on August 15. Although Macy’s beat analysts’ expectations, investors weren’t happy with the decline in the company’s fiscal second-quarter sales after two consecutive quarters of sales growth. Macy’s stock declined 15.9% on August 15 but recovered 1.9% on August 16.