|Bid||23.55 x 1200|
|Ask||23.75 x 1800|
|Day's Range||23.47 - 23.70|
|52 Week Range||22.73 - 41.99|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||6.63|
|Earnings Date||May 14, 2019 - May 20, 2019|
|Forward Dividend & Yield||1.51 (6.32%)|
|1y Target Est||25.86|
DSW Inc.'s plan to focus on private-label merchandise through its Camuto Group acquisition comes with a risk, according to Canaccord Genuity analysts. DSW, which has changed its name to Designer Brands with a new ticker, "DBI," that will go into effect April 2, announced during its Tuesday investor day that it will focus on exclusive merchandise. "This increase in private label goods made by Camuto will over time replace the 700 labels (20% of the mix today) that do not warrant shelf space," Canaccord wrote. "While we see the potential behind this strategy, we also see risks DSW may not be accounting for, namely risk to Camuto's private label wholesale business with Dillard's and Macy's." Canaccord analysts are concerned that Dillard's Inc. and Macy's Inc. would move their business elsewhere to reduce competition. "[T]hat is just what we are seeing evidence of with Steve Madden having won a portion of the Dillard's private-label business," Canaccord said. Canaccord rates DSW shares hold with a $25 price target, down from $28. DSW stock closed Wednesday down nearly 13%, and are down 4.5% in Wednesday trading. Shares have sunk 14.5% in 2019. The S&P 500 index has gained 12.6% for the year to date.
Macy's Inc NYSE:MView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NegativeShort interest is moderately high for M with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on March 15. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding M is favorable, with net inflows of $20.18 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. M credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The ratings on nine 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 4.2% of the current pooled balance, compared to 5.3% at Moody's last review. Moody's base expected loss plus realized losses is now 2.0% of the original pooled balance, compared to 2.6% at the last review.
The ratings on six 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 5.2% of the current pooled balance, compared to 5.7% at Moody's last review. Moody's base expected loss plus realized losses is now 5.1% of the original pooled balance, compared to 5.7% at the last review.
Ames Watson LLC, a Bethesda-based holding company, is looking to revamp the customer experience of Lids Sports Group, a licensed sports apparel franchise the firm just acquired for $100 million. While Lids is primarily known for selling sports team-emblazoned hats as its name suggests, Ames Partners' Lawrence Berger and Tom Ripley said they want to emphasize other sports gear to help counter a sales decline in retail malls. Since closing on the deal six weeks ago, Ames Watson's first move was to consolidate Indianapolis-based Lids Sports Group with another portfolio company, Fanzz, a sports apparel retailer the Bethesda company purchased last year.
Macy's Inc. said it will lay off 57 information technology workers at various locations in New York City beginning in June. In a filing with the New York State Department of Labor, Macy's said the 57 workers will be laid off between June 9 and June 22. The bulk of the layoffs — 27 — will take place at Macy's flagship store at Herald Square, 151 West 34th St. The New York Post reported that the cuts will take place in a business unit that supports IT systems, including laptops, point-of-sale devices, and sales reports, and that Macy's will use outsourced vendor NCR to do those jobs in the future.
How Is JCPenney Stock Positioned in 2019?(Continued from Prior Part)Dismal sales in fiscal 2018JCPenney’s (JCP) revenue (net sales and credit income) declined 8.4% to $3.79 billion in the fiscal 2018 fourth quarter but stayed ahead of analysts’
The ratings on six 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 1.1% of the current pooled balance, compared to 1.4% at Moody's last review. Moody's base expected loss plus realized losses is now 0.5% of the original pooled balance, compared to 0.6% at the last review.
This spring, Macy’s is celebrating beauty in all its forms, expanding and redefining the word through a deeply personal campaign and fresh fashion assortment that speaks to individuality. The seasonal transition encourages a new outlook on self-expression, encompassing fashion, beauty and home at Macy’s. Inspired by the sea with hues of blue and white, the combination creates a feeling of coastal cool, while an elevated palette of pastels and metallic add an air of sophistication. Macy’s Presents The Edit is the digital destination to explore these trends, as well as find inspiration and dive into must-have It List items curated by the experts in Macy’s Fashion Office.
Rating Action: Moody's affirms eight classes of CSMC 2016- NXSR. Global Credit Research- 08 Mar 2019. Approximately $446.3 million of structured securities affected.
Investors looking for long-term investments may want to keep track of women’s progress—both inside American corporations and in the broader economy.
Walmart, Macy's, Nordstrom and Kohl's are sending execs to South by Southwest to tout new technologies and how they're keeping up with the changing retail landscape.
The ratings on the four most senior P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio and Moody's stressed debt service coverage ratio (DSCR), are within acceptable ranges. Factors that could lead to an upgrade of the ratings include a significant amount of loan paydowns or amortization, an increase in defeasance or an improvement in loan performance.
NEW YORK (AP) — The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in December that raised concerns that shoppers were hunkering down everywhere.
Kohl’s Impresses with Strong Fiscal 2019 OutlookPerformance in Q4Kohl’s (KSS) stock was up 5.1% as of 9:49 am ET today as the company announced a better-than-expected outlook for fiscal 2019. Kohl’s reported its Q4 of fiscal 2018—which
This spring, Journey to Paradisios will be cleared for launch as marvelous celestial blooms await spectators during the annual Macy’s Flower Show®. This year’s space-inspired floral fantasy returns to Macy’s (NYSE:M) on Sunday, March 24 through Sunday, April 7, 2019. The sci-fi splendor lands this spring at three Macy’s flagship locations nationwide including Herald Square in New York City, State Street in Chicago, and Union Square in San Francisco.
Several major U.S. companies are reducing their large debt loads, in a move that may be good for stock and bond prices alike.
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The higher losses are driven by the deterioration in performance of the Independence Mall Loan and the high expected loss severity from the reported sale of the asset. The ratings on four P&I classes were affirmed because the ratings are consistent with Moody's expected loss. Moody's rating action reflects a base expected loss of 67.5% of the current pooled balance, compared to 56.2% at Moody's last review.
While Macy's stock has been slowly climbing as it beat analyst estimates for fourth-quarter 2018 earnings, one aspect of its business quietly grew by leaps and bounds last year.
As part of a series of presentations from five of Macy’s, Inc.’s (NYSE:M) top female executives at the annual Shoptalk conference in Las Vegas, today the company announced the upcoming launch of three key initiatives bringing new experiences to its stores and mobile app. Five of Macy’s, Inc.’s top female executives took the stage at Shoptalk in Las Vegas to share key insights and their unique business perspectives at the annual gathering of technology and retail brands and executives.