How Does JCPenney Plan to Seek Sales Growth in Fiscal 2017?
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.
JCPenney (JCP) missed analysts’ sales expectations in each of the first three quarters of fiscal 2016 when sales growth was -1.6%, 1.5%, and -1.4%, respectively.
JCPenney (JCP) is scheduled to announce its fiscal 4Q16 and fiscal 2016 results on February 24, 2017. It has been able to improve its bottom line in the first three quarters.
12-month forward price-to-earnings ratio As of February 17, Nordstrom (JWN) was trading at a 12-month forward PE (price-to-earnings) ratio of 14.9x. The 12-month forward PE ratio is computed by dividing…
Stock price movement As of February 17, Nordstrom’s stock price had fallen 4.7% to $45.69 on a YTD (year-to-date) basis. The department store chain’s stock fell 3.8% in 2016, underperforming…
Pressure on bottom line After falling for six consecutive quarters, Nordstrom’s adjusted earnings grew in fiscal 3Q16. However, analysts expect the company’s 4Q16 adjusted earnings to fall on a year-over-year…
Upscale department store chain Nordstrom (JWN) is scheduled to report its fiscal 4Q16 results on February 23, after the market closes.