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Activist Investor Urges Macy's To Rethink Strategy, Prioritize Shareholder Returns
Monday, December 9, 2024 - 7:36pm | 438It’s no secret Macy’s Inc (NYSE:M) had its fair share of challenges in the last decade. Activist investor Barington Capital issued a press release on Monday urging the 166-year-old department store company to focus on its real estate portfolio while repurchasing shares. The Press...
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4 Nordstrom Analysts React To Mixed Q1 Earnings: 'We Remain Skeptical'
Wednesday, May 25, 2022 - 12:18pm | 542Nordstrom, Inc. (NYSE: JWN) shares traded higher by 11% on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance. On Tuesday, Nordstrom reported a first-quarter adjusted EPS loss of 6 cents, slightly missing consensus analyst estimates of a 5-cent...
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Why BofA Is Bullish On Kohl's
Wednesday, October 21, 2020 - 5:05pm | 272Department store Kohl's Corporation (NYSE: KSS) said in a recent investor presentation that it expects to fully return to pre-pandemic operating margin levels and this is a bullish signal, according to BofA Securities. The Kohl's Analyst: Lorraine Hutchinson maintains a Buy...
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The Early Reaction To Target's Blowout Q2, 195% Online Sales Growth
Wednesday, August 19, 2020 - 10:47am | 557Shares of Target Corporation (NYSE: TGT) gained more than 12% Wednesday morning after reporting second-quarter results that came in well above expectations. Q2 Recap: Target said it earned $3.38 per share versus the $1.62 consensus estimate. Same-store sales were a record high of 24.3%...
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BofA Turns Bullish On Kohl's, Highlights Recovery Trends, Balance Sheet
Wednesday, July 8, 2020 - 10:27am | 376Multiple department stock stocks are down around 60% since the start of 2020, but differentiated stores like Kohl's Corporation (NYSE: KSS) have upside potential moving forward, according to BofA Securities. The Kohl's Analyst: Lorraine Hutchinson upgraded Kohl's from Neutral to Buy...
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Quarantine 'Crushing' Both Good, Bad Retailers, Cramer Says
Thursday, April 23, 2020 - 8:05am | 473The coronavirus is "crushing" both good and bad retailers, as consumers are starting to realize they could easily live without a Kohl's Corporation (NYSE: KSS), CNBC's Jim Cramer said Wednesday on "Mad Money." Kohl's Borrows Funds, Suspends Dividend Kohl's...
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Cramer Says Macy's And Kohl's Have 'Self-Inflicted Wounds'
Tuesday, December 10, 2019 - 1:27pm | 399Department stores like Kohl's Corporation (NYSE: KSS) and Macy's Inc (NYSE: M) suffer from "self-inflicted wounds" and simply can't compete against the likes of Amazon.com, Inc. (NASDAQ: AMZN), according to CNBC's Jim Cramer. Kohl's and Macy's need to offer...
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Cramer On Macy's: Consumers Are Spending Their Money Elsewhere
Thursday, August 15, 2019 - 9:21am | 462Macy's Inc (NYSE: M) reported second-quarter results that sent shares tumbling to a new multi-year low, but there's no reason to believe this is indicative of a looming recession, according to Jim Cramer. What Happened Macy's earned 28 cents a share, which fell short of expectations by...
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Why Kohl's Expanded Relationship With Amazon Could Be A 'Game Changer'
Wednesday, April 24, 2019 - 10:47am | 613Kohl's Corporation (NYSE: KSS) announced an expansion of its partnership with Amazon.com, Inc. (NASDAQ: AMZN) across 1,150 stores in the United States. Is the new relationship a "game changer" for Kohl's? The Analysts UBS' Jay Sole maintains a Neutral rating on Kohl's with...
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Bought Something On Amazon? You Can Soon Return It At Any Kohl's Location
Tuesday, April 23, 2019 - 10:16am | 386Kohl's Corporation (NYSE: KSS) announced an expanded relationship with Amazon.com, Inc. (NASDAQ: AMZN) in which it will accept Amazon returns at all stores in the coming months. What Happened As part of a partnership that started in 2017, Amazon customers could bring their unwanted or...
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Argus: Don't Shop For JCPenney Stock
Friday, November 16, 2018 - 11:16am | 394Despite falling nearly 60 percent over the past year, Argus said in a downgrade note that J C Penney Company Inc (NYSE: JCP) still carries "elevated risk" from a technical and fundamental perspective. The Analyst Analyst John Eade downgraded J.C. Penney from Hold to...
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Sears To Close 72 More Stores As The Retailer Continues To Struggle
Thursday, May 31, 2018 - 12:31pm | 366Struggling department store chain Sears Holdings Corp (NASDAQ: SHLD) disappointed investors with another round of store closures in conjunction with its first-quarter results, which sent shares lower by 10 percent. What Happened Sears said Thursday it lost $3.93 per share in the first...
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Kroger, Target Trade Higher Amid Report The Companies Are Discussing A Merger
Friday, March 23, 2018 - 9:17am | 504Shares of Kroger Co (NYSE: KR) spiked more than 8 percent Thursday morning amid a report the grocer giant is in merger talks with department store Target Corporation (NYSE: TGT). What Happened Target and Kroger are in merger talks at a time when the entire grocery and food sector is looking at...
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Why Credit Suisse Favors Target Over Walmart
Monday, February 26, 2018 - 3:14pm | 665Investors that want some exposure to mega-cap department stores have a few options at their disposal, most notably Target Corporation (NYSE: TGT) and Walmart Inc (NYSE: WMT). The choice betweent the two is clear, according to Credit Suisse: Target. The Analyst Credit Suisse's Seth Sigman...
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Dicks Sporting Goods Faces An Unlikely Competitor, Barclays Says
Monday, February 5, 2018 - 5:40pm | 502Dicks Sporting Goods Inc (NYSE: DKS) may not be the Best Buy Co Inc (NYSE: BBY) of the sporting goods industry after all, according to a new Barclays report. The Analyst Matthew McClintock downgraded Dicks Sporting Goods from Equal Weight to Underweight and lowered the price...