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NYU's Scott Galloway: Amazon Doesn't Need To Acquire Target
Thursday, January 4, 2018 - 4:51pm | 376Is Target Corporation (NYSE: TGT) a prime takeout candidate? According to Loup Ventures' Gene Munster, the answer is a yes, with Amazon.com, Inc. (NASDAQ: AMZN) the most likely buyer. But as is always the case with bold predictions, not everyone agrees. The Expert NYU Stern Professor Scott...
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Wells Fargo Calls A Peak In Discount Retail, Downgrades TJ Maxx's Parent Co.
Wednesday, January 3, 2018 - 12:39pm | 452The case for owning off-price retail stocks like TJX Companies Inc (NYSE: TJX) two years ago no longer applies today for one key reason, at least according to Wells Fargo. The Analyst Wells Fargo's Ike Boruchow downgraded TJX Companies' stock from Outperform to Market Perform...
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Nordstrom Troubles Are Priced In At This Point; JPMorgan Upgrades Stock
Tuesday, January 2, 2018 - 4:01pm | 3432017 wasn't doom and gloom for the entire retail and department sector and some Wall Street analysts are ready to become less bearish on underperforming names like Nordstrom, Inc. (NYSE: JWN). The Analyst JPMorgan's Matthew Boss upgraded Nordstrom's stock from Underweight to...
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Retail Watcher: Department Stores Aren't Dead Yet, But Face 'Assault' From Many Angles
Friday, November 24, 2017 - 9:59am | 414A firsthand visit to many malls makes it clear that department stores are struggling — but not yet dead. The Expert Bloomberg Gadfly's Sarah Halzack. The Thesis The department store sector is certainly "not in good shape" as evidenced by the cumulative hundreds of store...
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Morgan Stanley Thinks Ross Stores Was 'Stellar Across The Board'
Friday, November 17, 2017 - 10:22am | 376Ross Stores, Inc. (NASDAQ: ROST) reported Thursday its third quarter earnings, which exceeded expectations by a notable margin. The Analyst Morgan Stanley's Kimberly Greenberger maintains an Overweight rating on Ross Stores' stock with a price target boosted from $70 to $77. The Thesis...
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Macy's And Kohl's Earn Free Pass In Q3, But Need To Gives Consumers Reason To Shop In Q4
Thursday, November 9, 2017 - 2:05pm | 442Department store stocks were under heavy selling pressure on Thursday after Kohl's Corporation (NYSE: KSS) and Macy's Inc (NYSE: M) both reported earnings. The Expert Dana Telsey, retail expert and CEO of Telsey Advisory Group. The Strategy Kohl's and Macy's are both a "...
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Macy's Up, Kohl's Down Following Q3 Earnings
Thursday, November 9, 2017 - 9:39am | 418Two of the most notable department stores on Thursday reported earnings results, which resulted in their respective stocks moving in opposite directions. Macy's Shares of Macy's Inc (NYSE: M) were trading higher by around 2 percent. Macy's earned 23 cents per share in the third...
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Walmart's Crazy Christmas Plans
Wednesday, November 1, 2017 - 2:59pm | 364Wal-Mart Stores Inc (NYSE: WMT) is inviting everyone to one of its 20,000 parties at any of its 4,700 stores, Fortune reported. Walmart, looking to gain an advantage over its rival department stores during the holiday season, will host parties in its stores. The first party will take place on...
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The Concerning Mixed Message JC Penney Is Sending To Consumers Resulted In A Downgrade
Monday, October 30, 2017 - 9:46am | 414Despite a more than 60-percent decline since the start of 2017, shares of J C Penney Company Inc (NYSE: JCP) could see a further decline of more than 50 percent, according to Citi analysts. The firm's Paul Lejuez downgraded JC Penney's stock rating from Neutral to Sell with a price target slashed...
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8 Stocks To Follow On JC Penney's Concerning Outlook
Friday, October 27, 2017 - 8:39am | 510Shares of J C Penney Company Inc (NYSE: JCP) plummeted more than 25 percent early Friday morning and hit a new all-time low of $2.70 after the department store provided an update on its third-quarter performance and full-year guidance. JC Penney guided its third-quarter comparable-store sales to...
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Target Has A Plan To Reverse Last Year's Poor Holiday Sales
Tuesday, October 24, 2017 - 8:33am | 379One of the biggest victims of the difficult retail environment throughout the 2016 holiday season was Target Corporation (NYSE: TGT) as both total sales and comparable sales were in the red. But Target's management team has a different game plan to win the 2017 holiday season by continuing to focus...
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Target Impresses The Street In Q2 Report, Shares Gain 5%
Wednesday, August 16, 2017 - 8:24am | 428Target Corporation (NYSE: TGT) impressed investors in its second-quarter earnings report Wednesday, sending the stock higher by more than 5 percent — a strong move considering Target already issued guidance in early July. Target reported that it earned $1.23 per share in the quarter on...
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Retail Exec Says Retailers Are Using Amazon As A 'Convenient Scapegoat'
Thursday, April 6, 2017 - 3:16pm | 386Amazon.com, Inc. (NASDAQ: AMZN) is killing retail, right? Not necessarily, according to at least on retail executive. Steven Tanger, the CEO of Tanger Factory Outlet Centers Inc. (NYSE: SKT), was a guest on CNBC's "Squawk on the Street" segment on Thursday to explain why retailers are wrong in...
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Lineup Of Hottest Stocks To Short: A Mix Of The Usual Suspects And First-Timers
Tuesday, March 28, 2017 - 3:17pm | 696FIS Astec Analytics releases a weekly report detailing the hottest stocks investors have been shorting over the prior trading week. The latest report contains a combination of new entrants and names that were profiled in last week's report. Top Pick: Frontier Communications Moving up from the...
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The End Could Be Near For Sears
Wednesday, March 22, 2017 - 8:25am | 361Struggling department store Sears Holdings Corp (NASDAQ: SHLD) has on many occasions expressed to investors a game-plan to turn around its business, the most recent of which came in early February and prompted a 40 percent surge in Sears' stock. But on Tuesday night, the prospects of a long-...