|Bid||2.80 x 600|
|Ask||3.16 x 1000|
|Day's Range||2.89 - 3.02|
|52 Week Range||2.35 - 5.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 17, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.94|
Additional Sears store closures and the liquidation of Bon-Ton could help J.C. Penney accelerate its sales growth later this year. That would be great news for J.C. Penney stock.
CoStar Group has calculated already more than 90 million square feet of retail space (including Bon-Ton) is set to close this year.
In an environment where retailers ranging from Macy’s (M) to JCPenney (JCP) to Sears (SHLD) are closing stores to cut down costs, Five Below is on a store opening spree. The company has upped its store openings target to 2,500 locations by 2020 from 2,000 projected earlier. The company expects new store openings to be the biggest catalyst that will help the company to achieve sales growth of 20% by 2020.
LONDON, UK / ACCESSWIRE / April 16, 2018 / Active-Investors.com has just released a free earnings report on J. C. Penney Co., Inc. (NYSE: JCP ). If you want access to this report all you need to do is ...
NEW YORK, NY / ACCESSWIRE / April 13, 2018 / Shares of J. C. Penney and Bed Bath and Beyond were two retailers dragged into the red on Thursday after the latter reported fourth quarter results and a dismal ...
Why Has Kohl's Stock Price Surged 23% in 2018? Most of the analysts who have provided recommendations on Kohl’s (KSS) have maintained “buy” ratings on its stock. Following Kohl’s 4Q17 results announcement on March 1, 2018, many analysts have revised their target prices for the stock.
On April 5, 2018, Kohl’s (KSS) was trading at a 12-month forward PE (price-to-earnings multiple) of 12.6x. Following its 4Q17 results, the company’s valuation multiple fell 9.7%.
Kohl’s Corporation (KSS) beat analysts’ estimates for adjusted EPS (earnings per share) in all quarters of 2017 except for one. For 4Q17, Kohl’s adjusted EPS were was $1.87, topping analysts’ consensus estimate of $1.77. On a reported basis, its EPS rose 95.1% to $2.81 in 4Q17.
In 4Q17, Kohl’s (KSS) reported a gross profit of $2.3 billion, up 10.7% on a YoY (year-over-year) basis, driven by higher revenue. Kohl’s SG&A (selling, general, and administrative) expenses rose 7.3% to $1.5 billion in 4Q17 mainly due to the additional week in 2017. The company’s SG&A expenses as a percentage of its sales improved 40 basis points to 21.5%.
Kohl’s (KSS) reported better sales numbers than analysts’ projections for three of its reported quarters in 2017, but it missed expectations in one quarter. In 1Q17, its sales were $3.8 billion, which missed analysts’ consensus estimate by 1.6%. In 2Q17 and 3Q17, its sales were $4.1 billion and $4.3 billion, respectively, beating analysts’ estimates by 0.4% and 0.8%, respectively.
The company also operates 12 FILA outlet stores and four off-aisle clearance stores. The company considers stores to be a vital component of its sales growth strategy. Kohl’s has also adopted the practice of standard to small strategy, under which it aims to improve inventory management.
Why Has Kohl's Stock Price Surged 23% in 2018? Department store retailer Kohl’s (KSS) has surged 23.4% on a YTD (year-to-date) basis as of April 5, 2018. A robust performance over the holiday season and an improved outlook have been the driving factors of this rise.
Amazon’s (AMZN) expansion in the retail space sent tremors across the industry. Alongside Walmart, large retailers like Costco (COST) and Target (TGT) adjusted their businesses and continue to thrive, especially Costco, which is witnessing double-digit sales and earnings growth.
The company argues that a reduction in stores is in sync with the changes that the retail sector is undergoing currently. The company expects most of the store closures to come through natural lease expirations. Under the restructuring plan announced in 2016, the company has shut down 27 retail outlets as of December 31, 2017.
Best Buy has drawn criticism for using Retail Equation to generate consumers’ ‘risk score.’ Other retailers using the firm include J.C. Penney, Sephora, CVS and Victoria’s Secret.
Investors need to pay close attention to J. C. Penney (JCP) stock based on the movements in the options market lately.
Even in light of recent tax reform, which was a windfall for many U.S. corporations, a number of high-profile companies are still giving employees the ax.
As volatility has taken Wall Street by storm this week, one unlikely stock has managed to avoid the wreckage: Nordstrom. Its best days are ahead of it, according to one market watcher.