How Does Macy’s Valuation Compare?
Forward price-to-earnings multiple As of March 23, Macy’s (M) was trading at a 12-month forward PE (price-to-earnings) multiple of 8.1x. The company is currently trading at a lower valuation multiple…
Drop in earnings Macy’s (M) weak sales have caused its adjusted earnings to fall for two consecutive fiscal years. Excluding the impact of one-time items such as asset impairment and…
Analyst recommendations As of March 23, Macy’s (M) stock was rated as “hold” by 18, or 82%, of the 22 analysts covering it. Four analysts rated the stock a “buy,”…
Weak sales Macy’s (M) same-store sales have fallen for eight consecutive quarters. Same-store sales growth is a key performance metric for retailers. It measures the change in sales of a…
Focus on digital channel Department stores are facing huge competition from online retailers such as Amazon (AMZN), which are eating away at their market share. Macy’s (M) and its department…
Macy’s has seen some tough times over the last two fiscal years, with sales declining. In this series, we’ll discuss the company’s efforts to improve its sales, online channel, and earnings.
JCPenney opened 61 new Sephora locations and operated 577 Sephora stores within JCPenney locations by the end of fiscal 2016. The company plans to open 70 new Sephora stores in fiscal 2017.
On February 28, 2017, 12 out of 25 analysts had a “hold” recommendation for JCPenney (JCP) stock, 11 analysts had a “buy” recommendation, and two analysts had a “sell” recommendation.
JCPenney (JCP) expects its same-store sales growth in fiscal 2017 to range from -1.0% to 1.0%.
JCPenney (JCP) expects its fiscal 2017 gross margin to rise 20–40 basis points compared to fiscal 2016.
JCPenney (JCP) delivered adjusted earnings per share of $0.64 in fiscal 4Q16, which ended on January 28, 2017. JCP beat the consensus analyst estimate of $0.61.
As of February 24, 2017, 17 out of 29 analysts had “hold” recommendations on Nordstrom (JWN) stock. Seven analysts had “buy” recommendations on the stock.
On February 24, 2017, Nordstrom’s (JWN) 12-month forward PE (price-to-earnings) ratio rose 8.9% to 15.6x in response to the company’s fiscal 4Q16 results.
Nordstrom’s (JWN) bottom line has been under pressure due to the investments it’s been making in its growth strategies, including its expansion in Canada.
Nordstrom’s (JWN) gross margin expanded to 36.0% in fiscal 4Q16 from 34.9% in fiscal 4Q15. In fiscal 2016, Nordstrom’s gross margin contracted 7 basis points to 34.9%.
Nordstrom (JWN) generated revenue of $4.3 billion in fiscal 4Q16. The company missed analysts’ consensus revenue estimate of $4.4 billion.
Upscale department store chain Nordstrom delivered adjusted earnings per share of $1.27 in fiscal 4Q16. The company exceeded Wall Street analysts’ consensus EPS estimate.
Nordstrom’s stock price surged 5.7% to $46.46 on February 24, 2017, in reaction to the company’s fiscal 4Q16 results, which reflected the period that ended on January 28, 2017.
JCPenney (JCP) has been able to trim down its losses in each of the first three quarters of fiscal 2016 despite pressure on its top line.
As of February 17, 2017, JCPenney stock is rated a “buy” by 48.0%, or 12 of 25, analysts covering the stock.