Dillards Inc

Dillard’s (NYSE:DDS) stock gained around 9% in after-hours trading on Thursday following its lower-than-expected first-quarter results.

On November 14, Greenlight Capital filed its 13F. In the third quarter, the company bought a fresh stake in NeuBase Therapeutics.

Billionaire David Einhorn is prominent in the hedge fund industry for his bold investment strategies.

In contrast to last year, Greenlight Capital’s performance this year has been improving. In 2018, GLRE fell 34%, vastly underperforming the markets.

David Einhorn’s Greenlight Capital (GLRE) initiated a new stake in Teekay LNG Partners (TGP) during the first quarter of 2019.

On January 16, Kohl’s (KSS) 12-month forward PE ratio was 12.1x. Meanwhile, Nordstrom (JWN), Macy’s (M), and Dillard’s (DDS) have PE ratios of 12.1x, 7.3x, and 11.2x, respectively.

On November 20, Kohl’s Corporation (KSS) posted its third-quarter results. Net sales of $4.37 billion and adjusted EPS of $0.98 beat the consensus estimates.

On September 17, Kohl’s was trading at a 12-month forward PE multiple of ~14.0x.

On May 14, Kohl’s (KSS) was trading at a 12-month forward PE (price-to-earnings) multiple of 11.4x.

Retail stocks closed higher on Monday, December 4, 2017, probably in reaction to the Senate’s passing its tax reform bill early Saturday morning.

At the Goldman Sachs Global Retailing Conference, Macy’s senior management discussed the company’s initiatives to improve Macy’s same-store sales.

As of August 15, Kohl’s was trading at a 12-month forward PE (price-to-earnings) ratio of 11.7x.

Nordstrom (JWN) has been aggressively investing in its growth initiatives, including expansion into Canada and the strengthening of its online business.

JCPenney (JCP) has been implementing several initiatives to improve its sales growth.

JCPenney’s (JCP) same-store sales declined by 0.4% in 1Q16 ended April 30, 2016.

Kohl’s (KSS) disappointed its investors with lower-than-expected sales of about $4.0 billion in 1Q16.

The 28.6% decline in Macy’s 1Q16 adjusted EPS was higher compared to a 14.2% decline in 4Q15 adjusted EPS and a 6.7% decline in 1Q15 adjusted EPS.

Macy’s (M) gross margin in fiscal 4Q15 declined by 290 basis points on a year-over-year basis. Weak holiday sales and higher markdowns impacted Macy’s gross margin.

In 4Q15, Kohl’s reported sales growth of 0.8% in comparison to 1.2% in 3Q15 and 3.9% in 4Q14.

JCPenney’s (JCP) gross margin expanded to 34.1% in 4Q15 ended January 30, 2016, compared with 33.8% in 4Q15.

Macy’s (M) 12-month forward PE (price-to-earnings) ratio increased by 2.5% to 11.0x on February 23, the day the company announced its fiscal 4Q15 and fiscal 2015 results.

Macy’s fiscal 4Q15 adjusted EPS (earnings per share) came in at $2.10, exceeding the consensus Wall Street estimate of $1.70, which excluded the impact of one-time items.

In Macy’s fiscal 4Q15, which ended January 30, 2016, the company’s gross margin declined to 37.4% from 40.3% in fiscal 4Q14.

Macy’s reported fiscal 4Q15 net sales of $8.9 billion, exceeding the consensus Wall Street estimate of $8.8 billion.

As of February 19, 2016, Kohl’s was trading at a 12-month forward PE ratio of 10.4x. Its valuation multiple has fallen by 0.8% since the start of 2016.

13 out of 24 analysts have “hold” recommendations on Kohl’s. Eight analysts have “buy” recommendations, and three analysts have “sell” recommendations.

Kohl’s is scheduled to report its fiscal 4Q15 and 2015 results on February 25, 2016. On February 4, the company provided an update on its fiscal 4Q15 sales.

Aside from expected markdowns on merchandise, Macy’s margins in fiscal 4Q15 are likely to have been impacted by investments in several growth initiatives.

On January 29, 2016, Macy’s (M) announced the completion of its transaction with Tishman Speyer for the redevelopment of its Brooklyn, New York, store on Fulton Street.

JCPenney’s stock was trading at $6.79—down 2.6% since the beginning of 2016. The S&P 500 Index and the SPDR S&P Retail ETF (XRT) have fallen 5.4% and 5.7%.

JCPenney (JCP) will be bringing a leading assortment of major appliances to 22 pilot stores effective February 1, 2016.

Analysts’ 12-month price target for Nordstrom’s stock is $56.60.

Nordstrom’s same-store sales at both its full-line stores and off-price Nordstrom Rack stores fell in 3Q15.

The November business inventories to sales ratio stood at 1.4, compared with 1.3 in November 2014.

On January 6, 2016, Macy’s (M) announced measures to enhance productivity and improve performance. It aims to bring down selling, general, and administrative expenses by $400 million.

Macy’s (M) stock price has fallen a whopping 46.7% this year. On December 21, 2015, Macy’s share price fell to $35.02. It touched its 52-week low of $34.50 on December 17.

As of December 15, Kohl’s was trading at a forward PE multiple of 10.2x. Kohl’s is trading at a premium valuation compared to Macy’s and Dillard’s.

After disappointing investors in 2Q15, Kohl’s bounced back in 3Q15, beating the consensus Wall Street analyst earnings and sales estimates in 3Q15.

As of 3Q15, Kohl’s total debt stood at $5.1 billion. Its total debt also declined in fiscal 2014 to $4.8 billion from $4.9 billion in fiscal 2013.

Kohl’s is directing its investments more toward revamping its existing stores and in IT rather than in new stores.

Kohl’s aims to achieve $21 billion in sales by 2017 with the help of its new “Greatness Agenda” strategy.

In fiscal 2014 ended January 31, 2015, women’s apparel accounted for 30% of Kohl’s net sales.

For the full-year fiscal 2016 ending January 30, 2016, TJX Companies expects a gross margin of 28.5%, unchanged from fiscal 2015.

Off-price retailer TJX Companies reported its results for fiscal 3Q16 on November 17, 2015. Its sales of $7.8 billion beat the consensus Wall Street analyst sales estimate of $7.7 billion.

Dillard’s peers have outperformed based on PE, PBV, and PS. However, Dillard’s is ahead of its peers based on EPS and net profit margin.

As of November 4, Nordstrom’s stock price has fallen by 11.3% to $66.42 since the announcement of the company’s 2Q15 results on August 13.

As at the end of fiscal 2014 ended January 31, 2015, Ross Stores had a total debt level of $398.4 million, compared to $150 million in fiscal 2013.

JCPenney’s (JCP) turnaround efforts that commenced in 2013 have helped improve its same-store sales.

Mike Ullman implemented several initiatives as part of a turnaround strategy that aimed to bring back JCPenney’s consumers and improve its financial position.

As of September 4, department store stocks for Macy’s fell by 11.1% since the start of 2015. Despite 1H15 sales growth, Nordstrom’s stock also fell by 7%.

Nordstrom reported a 9.4% rise in total revenue for 1H15. The sales growth was due to growth from full-line stores, online businesses, and off-price stores.

The US Census Bureau’s latest report revealed a 0.8% decline in July US department store sales, compared to June 2015. Sales showed YoY declines of 2.7%.

After the June figures not meeting the expectations, investors had a smile on their faces when the July retail sales number increased 0.6% month-over-month, beating the consensus of 0.5%.

JCPenney (JCP) trimmed its adjusted loss per share in fiscal 2Q15 to $0.41 compared to $0.75 in the corresponding quarter last year.

Nordstrom’s (JWN) sales in 2Q15 increased by 9.1% to $3.7 billion from the comparable quarter of the previous year.

Macy’s margins in 2Q15 were affected by a 150 basis point increase in selling, general, and administrative expenses, or SG&A, as a percentage of sales.

The unemployment rate in the month of February 2015 moved down to 5.5% from 5.7% in January.

The Johnson Redbook Index and the Retail Economist-Goldman Sachs Weekly Chain Store Sales Index are two key retail sales indices that measure same-store sales on a weekly basis.

Macy’s stock has underperformed peers like Dillard’s, Kohl’s, and Nordstrom, which have appreciated by 35%, 30%, and 28.2%, respectively.

Department stores like Macy’s (M) are focusing on improving their inventory management so as to maintain the optimal level of inventory, bring down costs, and avoid stock-outs.

Macy’s (M) has been implementing productivity measures to improve its operating margins in order to offset the impact of stagnant sales amid intense competition.

Macy’s same-store sales growth slowed down to 0.7% in fiscal 2014 compared to 1.9% in fiscal 2013 and 3.70% in fiscal 2012.

Macy’s (M) is a leading department store chain that operates about 823 stores in 45 states, the District of Columbia, Guam, and Puerto Rico.

On top of technology upgrades and fulfillment centers, Nordstrom has allocated 25% of its future spending to expand Canadian and Manhattan stores.

In fiscal 2015, it plans to open four full-line stores in the US and two in Canada. Nordstrom also plans to open 27 more Nordstrom Rack stores in the US.

Nordstrom’s Rack stores sell clearance and end-of-season merchandise at deep discounts. Today there are 167 Nordstrom Rack stores across the US.

Nordstrom’s online business has been registering about 30% growth annually for the past three years.

This article discusses Nordstrom’s Trunk Club acquisition.

Nordstrom’s debt levels have decreased over the past three years.

This article discusses Nordstrom’s inventory management in comparison to that of its industry peers.

Nordstrom’s multichannel strategy and best-in-class customer service have made the company famous.

Nordstrom’s capital expenditure from fiscal 2009 to fiscal 2013 was $2.2 billion.

Nordstrom’s operating margin declined from 11.5% in fiscal 2011 to 11.1% in fiscal 2012 and 10.8% in fiscal 2013.

Nordstrom Rack stores sell clearance and end-of-season designer merchandise at a 30% to 70% discount.

In fiscal 2013, the company’s Retail segment contributed 97% of Nordstrom’s revenues of $12.5 billion, while the Credit segment accounted for only 3%.

This article discusses ETFs with holdings in Nordstrom.

This article provides a brief overview of Nordstrom’s growth story.

Macy’s is taking measures to improve inventory management, including its My Macy’s program that customizes merchandise according to local preferences.

Coach, Inc. (COH) distributes products through wholesale and direct-to-customer channels. It runs wholesale shops-within-shops at major department stores.

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