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Macy's Stock Gains 6% Following Q4 Beat
Tuesday, February 23, 2016 - 9:27am | 327Read More...Shares of Macy's, Inc. (NYSE: M) were trading higher by more than 6 percent after the company reported its fourth quarter results. Macy's said it earned $2.09 per share in the fourth quarter on revenue of $8.869 billion. Wall Street analysts were expecting the company to earn $1.89 per...
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Macy's Lowers Its Q4 And Full Year Guidance
Friday, January 29, 2016 - 9:38am | 396Read More...Macy's Inc. (NYSE: M) announced on Friday it has completed a previously announced and expected real estate transaction with Tishman Speyer that will enable the re-creation of its Brooklyn store on Fulton Street. Macy's owns and operates the first four floors and lower level of its nine-...
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Activist: Macy's Real Estate Worth $21 Billion, Operating Business Trading At 'Negative Value'
Monday, January 11, 2016 - 11:47am | 293Read More...Shares of Macy's, Inc. (NYSE: M) were trading higher by more than 4 percent on Monday after Starboard Value, an activist investment firm and Macy's shareholder delivered a letter to the company. Jeffrey Smith, Starboard Value's Managing Member, wrote in the letter that the investment firm remains "...
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Macy's Crashed Following Its Troubled Outlook: Are Analysts Bullish?
Thursday, November 12, 2015 - 11:43am | 1102Read More...Shares of Macy's, Inc. (NYSE: M) plummeted to new 52-week lows of $39.75 on Wednesday after the company reported a downbeat third quarter and also lowered its full year outlook. Macy's stock hasn't dipped below the $40 per share mark since February 2013. With shares trading...
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Retailers Begin To Step Into Earnings Spotlight This Week
Sunday, November 8, 2015 - 12:44pm | 775Read More...Big retailers begin to report quarterly results this week, including J.C. Penney and Macy's. Other highlights will include reports from tech giants Applied Materials and Cisco Systems. Bottom line growth is expected from most of the week's other prominent reports. If the current earnings season...
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Cisco, Kohl's, J.C. Penney Highlight Earnings This Week
Sunday, August 9, 2015 - 5:19pm | 854Read More...After CVS Health and Office Depot kicked off the retail earnings parade last week with strong and so-so results, respectively, more big retailers take their turns in the earnings spotlight this week. Wall Street analysts are looking for modest growth from Kohl's Corporation (NYSE: KSS) and a...
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Digging Into Macy's Valuation
Tuesday, May 12, 2015 - 11:21am | 769Read More...Macy's, Inc. (NYSE: M) reports fiscal Q1 earnings Tuesday, May 12 after the market closes. Prudena's models suggest that the stock is appropriately priced at $66.03. Analyst opinion is largely neutral, in agreement with the models. Consensus earnings estimates call for $0.62 EPS on $6....
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Major Retailers Highlight This Week's Earnings Outlook
Sunday, May 10, 2015 - 11:31am | 822Read More...As the earnings season begins to wind down, it is time for the big retailers to start sharing their most recent quarterly results. Consensus estimates from Wall Street analysts call for year-on-year earnings growth from Macy's, Inc. (NYSE: M), but for earnings declines from Kohl's...
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IPO Outlook: Party City Pumps Up This Week's IPO Market
Monday, April 13, 2015 - 3:22pm | 1094Read More...The first quarter of 2015 was the worst quarter for companies going public in the last three years. The negative results were due mostly to an influx of private funding for companies and macro events. Despite the recent slowdown, investors may have something to party about with a mix of six...
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Did Macy's Really Blame Poor Sales On Netflix And Lipstick?
Thursday, March 26, 2015 - 10:24am | 254Read More...Macy's, Inc. (NYSE: M) Chief Financial Officer Karen Hoguet on Tuesday blamed the company's weakness in the luxury retail market on Netflix Inc. (NASDAQ: NFLX) and lipstick. Seriously. The executive's comments were made at an industry conference, and picked up by MarketWatch...
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Bank Of America: Michael Kors Is 'Most Attractive' Vs. Peers
Wednesday, March 18, 2015 - 11:17am | 331Read More...In a report published Wednesday, Bank of America analyst Robert Ohmes suggested that Michael Kors Holdings Ltd (NYSE: KORS) shareholders consider weather, foreign exchange, damage to its e-commerce distribution center and port disruption concerns as a buying opportunity. Ohmes stated that...
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Earnings Expectations For The Week: Retailers On Parade
Monday, February 23, 2015 - 7:46am | 1073Read More...Wal-Mart Stores, Inc. (NYSE: WMT) kicked off retail earnings season last week, though its strong quarterly earnings were overshadowed by news of its wage hike. More big retailers take turns in the earnings spotlight this week, including Home Depot Inc (NYSE: HD), J C Penney Company Inc (NYSE:...
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Brain Sozzi Saw 3 Retailers Making Deep Discounts On Super Saturday
Monday, December 22, 2014 - 5:21pm | 363Read More...Analyst Brian Sozzi commented on Monday that "Based on a walk-through of close to 30 stores in the New York area over the weekend, some of the companies that should be most concerned are" Coach Inc (NYSE: COH), Mattel, Inc. (NASDAQ: MAT) and Abercrombie & Fitch...
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What's The Most Popular Foursquare Location In New York? Here's The Top 20
Friday, December 19, 2014 - 9:12am | 470Read More...Foursquare helps identify great places (restaurants, bars, pubs, shows, etc.) in a localized vicinity. Based on the things the user has previously liked, and other users’ endorsements, the app provides personalized recommendations for spots that suit the users' interests....
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How Thanksgiving Sales 'Started Off With A Bang, But Ended With A Whimper'
Monday, December 1, 2014 - 6:28pm | 675Read More...Brean Capital noted that “Thanksgiving weekend sales started off with a bang, but ended with a whimper. "Based on preliminary estimates from ShopperTrak," it wrote, "which estimated the combined sales for the 2-day period of Thanksgiving Day and Black Friday were down 0.5...
