|Bid||2.52 x 500|
|Ask||2.60 x 15000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 9, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.32|
This morning, WallStEquities.com has initiated research coverage on J.C. Penney Co. Inc. (NYSE: JCP), Kohl’s Corp. (NYSE: KSS), Macy’s Inc. (NYSE: M), and Sears Holdings Corp. (NASDAQ: SHLD). Companies in the Department Stores space sell a large range of items ranging from apparel and sporting goods to paint and furniture.
Coresight Research had forecast sales could reach at minimum $3.4 billion globally, which would set a new record and surpass Amazon's Cyber Monday sales.
J.C. Penney will open a 75,000-square-foot store at Kings Plaza in Brooklyn next month, allowing it to test how some of its key growth initiatives will work in a smaller space.
Investors are skeptical of Nordstrom's ambitious new growth strategy. Its shares dropped more than 5 percent on the news.
Amazon.com Inc.’s Prime Day-related discounts are already in place ahead of the July 16 start of the shopping event, leading competing retailers to push discounts and new offerings of their own and launch the back-to-school shopping season weeks ahead of years past. Data from the Cardlytics 2018 Back-to-School Spend Report shows that the spending for the shopping season has been pushed up by Prime Day by nearly a month. The Cardlytics data also shows that Prime Day shoppers are more valuable, spending 17% more at bricks-and-mortar stores and 16% more at bricks-and-mortar.
The event has pushed other retailers, like Target and Best Buy, to offer deep discounts during the summer months to compete.
Cowen and Co. downgraded Nordstrom's shares as same-store sales at the upscale retailer's brick-and-mortar stores decline and its discount division, Nordstrom Rack, faces pressure.
With temperatures rising, what prices will be falling? Shopping expert Trae Bodge of Slickdeals has tips on what to buy this summer. Which items are available at bargain prices now, and what should you wait for to get the best deals?
JCPenney (JCP) stock is currently rated as a “hold” by a majority of analysts covering the mid-tier department store chain. On June 27, 14 of 17 analysts (82.0%) gave “hold” recommendations for JCPenney stock. The stock was rated as a “buy” by one analyst, and two analysts gave “sell” recommendations.
Can Investors Expect JCPenney Stock to Recover? JCPenney (JCP) is struggling to improve its margins due to weak sales, growth in its lower-margin online sales, and investments to support strategic initiatives. This decline in JCP’s fiscal first-quarter gross margin was caused by an increase in online clearance selling, continued growth in the company’s online business, and increased markdowns.
JCPenney (JCP) started fiscal 2018 on a slow note and posted adjusted EPS of -$0.22 in the fiscal first quarter. In comparison, its adjusted EPS reached $0.01 in the fiscal first quarter of 2017.
Can Investors Expect JCPenney Stock to Recover? JCPenney’s (JCP) net sales declined 4.3% to $2.6 billion in the fiscal first quarter, which ended on May 5. JCPenney pointed to the unfavorable weather in April as a reason for its weak sales in the quarter.
On June 27, JCPenney (JCP) stock fell 23.7% on a YTD (year-to-date) basis. The company’s stock has declined 21.5% since the announcement of its fiscal first-quarter results.
NEW YORK, NY / ACCESSWIRE / June 25, 2018 / J.C. Penney shares slumped on Friday, despite a former executive remarking on the recent Supreme Court ruling to allow states to impose sales tax on online retailers being a good thing. Shares of Macy's also slumped on a "neutral" rating from UBS. J. C. Penney Company, Inc. shares closed down 5.07% on about 25.9 million shares traded on Friday.