JC Penney Co Inc
JCPenney: Insight into Its Roller Coaster Journey
This series on JCPenney will provide insight into the company’s business and its turnaround strategy, key growth initiatives, stock price movement, and valuation.
The Outlook for JCPenney Beyond Chapter 11 Bankruptcy Remains Uncertain
A Closer Look at Kohl’s Q3 Bottom-line Performance
Kohl’s (KSS) reported its third-quarter results for fiscal 2018 on November 20. The third-quarter adjusted EPS came in at $0.98, easily beating analysts’ estimate of $0.96.
Treasury Yields Fell as September US Industrial Production Dipped
Treasury yields fell across the yield curve for the week ended October 16, as US industrial production for September declined. Demand for safe-haven assets rose amid global uncertainty.
How Burlington Stores Plans to Boost Its Sales
Burlington Stores’ (BURL) off-price model helped it deliver same-store sales growth for the 19th consecutive quarter in fiscal 3Q17.
Key Department Store Stocks Underperform in the Market
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%.
Can Nordstrom’s Productivity Efforts Give Higher 1Q16 Margins?
In April 2016, Nordstrom announced certain operating model improvements to generate savings of about $60 million in fiscal 2016.
Why market reactions to the China-Vietnam tensions are mixed
Though the recent tensions in the South China Sea seem to have gathered much attention, the markets don’t seem to have factored in the conflict.
Why TJX Companies Stock Is up Over 3%
The stock price of leading off-price retailer TJX Companies (TJX) was up 1.8% as of 10:53 AM EST today. The company announced its results for the first quarter of fiscal 2019.
What Impacted JCPenney’s Fiscal 4Q16 Sales?
JCPenney (JCP) expects its same-store sales growth in fiscal 2017 to range from -1.0% to 1.0%.
Analysts’ Views on JCPenney Stock, Pre-fiscal 1Q18 Results
Currently, most analysts covering JCPenney (JCP) stock recommend “hold.”
Why Most Analysts Have ‘Hold’ Ratings on Nordstrom
On August 2, 2016, Nordstrom’s (JWN) stock price had fallen by 18.7% to $40.74 on a YTD (year-to-date) basis.
Why Lululemon Stock Is Rising Today
Lululemon Athletica (LULU) stock was up over 3.0% in pre-market trading today after the company raised its guidance for the fourth quarter of fiscal 2018.
Department Stores Performed the Worst in November’s Retail Report
The department store index performed the worst of all retail subsector indexes in November, falling by 12.3%.
JCPenney Looks for Growth beyond Apparel
JCPenney’s (JCP) same-store sales declined by 0.4% in 1Q16 ended April 30, 2016.
Can Macy’s Initiatives Boost 2Q15 Same-Store Sales Growth?
Macy’s is expanding its beauty business through the opening of Bluemercury shops within its stores. Macy’s acquired the luxury beauty product and spa services retailer for $210 million in March 2015.
A Closer Look at JCPenney’s Mixed Fiscal 4Q17 Results
As of March 6, 2018, JCPenney (JCP) stock has risen 19% to $3.76 on a YTD (year-to-date) basis.
Kohl’s Stock Fell 18.8% on News of Weak Fiscal 4Q15 Sales
As of February 4, 2016, 14 of the 24 analysts covering Kohl’s have a “hold” recommendation for the stock, eight analysts have a “buy” recommendation, and two analysts gave a “sell” recommendation.
Will Macy’s and Its Peers Rejoice This Holiday Season?
According to data released by the NRF (National Retail Federation) on December 14, 2016, retail sales rose 5.0% on a year-over-year basis in November.
How Do Most Analysts Currently Rate Kohl’s?
13 out of 24 analysts have “hold” recommendations on Kohl’s. Eight analysts have “buy” recommendations, and three analysts have “sell” recommendations.
What Are Analysts Recommending for Kohl’s Stock?
Most of the analysts who have provided recommendations on Kohl’s (KSS) have maintained “buy” ratings on its stock.
What’s Kohl’s Valuation after First-Quarter Results?
As of May 22, Kohl’s (KSS) was trading at a 12-month forward PE ratio of 11.2x. After the announcement of its first-quarter results on May 22, its valuation multiple has fallen 8.3%.
Consumer Sentiment Is down in March after 11-Year High
The Consumer Sentiment Index for March 2015 declined to 93 from 95.4 in the month of February due to slightly higher gas prices and bad weather.
How JCPenney Intends to Improve Its Margins
In fiscal Q1 2018, JCPenney’s (JCP) gross margin declined about 240 basis points on a year-over-year basis to 33.8%.
Will Kohl’s Stock Gain Momentum on Q4 Results?
Kohl’s (KSS) peer Macy’s (M) announced better-than-expected fiscal 2018 fourth quarter results on February 26, which led to a rise in stock prices for key players in the department store sector.
How JCPenney’s Sales Fared in Fiscal 4Q17
JCPenney’s (JCP) sales grew 1.8% in fiscal 4Q17 but missed analysts’ consensus estimate by 0.4%.
Department Stores on the Street: What the Analysts Recommend
Most department stores, including JCPenney (JCP), Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS), have consensus “hold” ratings for their respective stocks.
What Impacted JCPenney’s Profitability in Fiscal Q2 2018?
JCPenney reported lower-than-expected adjusted EPS of -$0.38 in the second quarter of fiscal 2018 compared to analysts’ expectation of -$0.06.
Analyzing JCPenney’s Margins in Fiscal 2Q17
JCPenney’s (JCP) gross margin fell by 200 basis points to 35.1% in fiscal 2Q17—compared to 37.1% in fiscal 2Q16.
Department Stores’ Sales Sent Mixed Signals in Fiscal 3Q15
Department stores’ results for fiscal 3Q15, which ended October 31, 2015, conveyed mixed signals to investors. Macy’s reported a 5.2% fall in 3Q15 sales.
Soros Fund Management opens a 1Q14 position in Devon Energy
George Soros’ Soros Fund Management added a new position in Devon Energy (DVN) that accounts for 0.50% of the fund’s 1Q 2014 portfolio.
Johnson Redbook Index Reflects Sluggish US Same-Store Sales
Subdued US same-store sales are not a favorable indicator for department stores. In 1Q15, which ended May 2, 2015, Macy’s (M) reported a 0.7% fall in same-store sales.
Macy’s Online Sales Expected to Grow in 2Q15
Macy’s announced that it is rolling out same-day delivery of products purchased on its macys.com and bloomingdales.com websites, as well as on its mobile-enabled websites, to nine additional markets.
Macy’s Investors Disappointed in 2015: Stock Falls More Than 46%
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.
How Macy’s Plans to Boost Its Future Sales
Sales under pressure As discussed earlier in this series, Macy’s sales continued to fall for the seventh straight quarter in 3Q16. In 3Q16, which ended on October 29, 2016, Macy’s same-store sales fell 3.3% on an owned basis. The company’s same-store sales fell 2.7% in the quarter on an owned plus licensed basis. Macy’s is […]
Comparing Macy’s Valuations to Its Peers’
In this article, we’ll use the 12-month forward PE (price-to-earnings) ratio to assess Macy’s current valuation and compare it with its peers’.
Must-know update: DE Shaw increases its position in Sears Holdings
DE Shaw increased its position in specialty retailer Sears Holdings (SHLD) from 0.01% to 0.07% in 4Q 2013.
What Are Target’s Key Growth Drivers?
Besides the booming digital business, Target’s (TGT) focus on exclusivity through “only-at-target” brands has been a key sales-driving factor.
Assessing Macy’s Stock Price Movement in 2015
As of August 4, Macy’s stock price appreciated by 4.4% to $68.57 compared with the beginning of 2015.
Why Operating Margin Expansion Might Be a Tough Task for Macy’s
Macy’s (M) operating margin in 3Q15 declined to 4.4% from 6.8% in the comparable quarter of the previous year. The company’s 3Q15 operating margin was also lower than its peers.
Efforts to Improve Macy’s Same-Store Sales Growth
At the Goldman Sachs Global Retailing Conference, Macy’s senior management discussed the company’s initiatives to improve Macy’s same-store sales.
Kohl’s, JCPenney Slide amid Weak Holiday Sales
Kohl’s stock plunged 9.5% while JCPenney was down 11% today at 1:01 PM ET. These department store chains announced dismal holiday sales.
A Detailed Discussion of Kohl’s 2017 Sales Numbers
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.
Will Kohl’s Q1 Results Reflect Its Plight amid COVID-19?
Kohl’s will likely report its first-quarter results on May 19. The mid-tier department store chain temporarily closed its stores starting on March 19.
TJX Companies: Pricing Strategy Benefits US Sales in 2Q16
In the first six months of fiscal 2016, HomeGoods accounted for 12.2% of the consolidated net sales of TJX Companies. That’s up from 11.2% in the comparable period of the previous year.
JCPenney’s Stock Rises by 14.7% on 4Q15 Earnings Beat
JCPenney’s earnings were ahead of the consensus Wall Street analysts’ estimate of $0.21 per share.
Kohl Investors Welcome Expansion of Partnership with Amazon
Kohl’s (KSS) stock surged 11.9% on April 23 in reaction to news of its expanded partnership with Amazon (AMZN).
JCPenney Hopes Key Executive Appointments Will Lead to Turnaround
JCPenney (JCP) stock rose 1.5% on January 15 in reaction to the mid-tier department store chain’s announcement of key executive appointments.
Analysts Downgrade Macy’s Stock on Weak Outlook
Bank of America Merill Lynch downgraded Macy’s stock to an “underperform” after the department store reported weak holiday sales.
Is Sears on the Verge of Liquidation?
According to a CNBC report, Sears Holdings (SHLDQ) might have one day to save itself from being liquidated.
Fall in Jobless Claims Might Benefit Department Stores
Initial jobless claims for the week ending June 13 came in at 267,000 on a seasonally adjusted basis—better than consensus economists’ estimate of 275,000.
JCPenney Stock Still in the Red, Analysts Mostly Say ‘Hold’
Nine out of 25 analysts have a “buy” recommendation for JCPenney’s (JCP) stock, ten have a “hold” recommendation, and six gave a “sell” recommendation.
Conference Board Indicates Upbeat Consumer Confidence in March
In March, the Consumer Confidence Index surged to 101.3. In February, it dropped to 98.8 from 103.8 in January. The CSI fell to 93.0 from 95.4 in February.
Nordstrom Missed 4Q15 Sales Guidance on Weak Full-Line Store Sales
The 4Q15 sales of upscale department store Nordstrom (JWN) came in at $4.19 billion, missing the consensus analysts’ estimate of $4.22 billion. In this series, we will discuss the company’s earnings, store growth plans, planned capital spending, and the outlook for fiscal 2016.
Sears Has a Shot at Survival Only if Lampert’s Bid Gets Approval
Sears Holdings (SHLDQ) has been in the limelight for all the wrong reasons.
Why JCPenney Considers Its Private Brands to Be Vital
JCPenney (JCP) considers its private brands as key sales drivers. Some of the company’s popular private brands are St. John’s Bay, Arizona, Okie Dokie, Total Girl, and Xersion.
How Do Kohl’s Margin Numbers Stack Up?
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.
JCPenney’s Bottom Line Continued to Improve in 2Q16
JCPenney’s strategic initiatives helped improve its bottom line in all of the quarters in fiscal 2015 and in 1Q16. IJJ has 0.4% exposure to JCPenney.
JCPenney Gets Sporty, Partners with Fanatics
On June 7, JCPenney (JCP) announced its partnership with Fanatics—a leading licensed sports merchandise retailer.
Consumer Post-Earnings Coverage for November 6–10, 2017
Nordstrom (JWN) announced its fiscal 3Q17 results on November 9, 2017, after the market closed. Revenue rose 2.5% to $3.6 billion YoY (year-over-year), which was 1.4% higher than the estimate.
JCPenney’s 4Q15 Sales Should Benefit from Strong Holiday Results
JCPenney (JCP) reported same-store sales growth of 3.9% in November and December—the 2015 holiday season.
JCPenney’s Turnaround Strategy Helps Narrow 2Q15 Loss
JCPenney (JCP) trimmed its adjusted loss per share in fiscal 2Q15 to $0.41 compared to $0.75 in the corresponding quarter last year.
JCPenney’s 1Q16: Sales Fall after 5 Straight Quarters of Growth
JCPenney’s (JCP) sales fell by 1.6% to $2.8 billion in 1Q16, amid a challenging retail environment.
Why Nordstrom Stock Fell on July 10
Nordstrom (JWN) stock fell 2.7% on July 10 following a rating downgrade by KeyBanc Capital Markets to “sector weight” from “overweight.”
An Interesting Alliance: Macy’s Partnership with Best Buy
On September 8, Macy’s partnership with Best Buy was announced. Macy’s will open licensed Best Buy shops within ten of its stores.
JCPenney’s Stock Up by 42% in 2016 as Analysts See More Upside
Of the 26 analysts covering JCPenney’s stock, 11 analysts have a “buy” recommendation and 11 analysts have a “hold” recommendation. Four analysts have issued a “sell” rating.
Why JCPenney Stock Rallied in the First Half of 2015
The rise in JCPenney stock is influenced by its improved financials and renewed expectations about growth prospects. In fiscal 2014, JCPenney reported same-store sales growth of 4.4%.
Macy’s Valuation Falls in Reaction to Its 1Q17 Results
Macy’s (M) 12-month forward PE (price-to-earnings multiple) fell 15.1% to 7.2x on May 11, 2017, in reaction to its disappointing 1Q17 performance.
What Analysts Expect from Kohl’s Fiscal 2019 Sales
Kohl’s (KSS) net sales fell 3.4% to $6.54 billion in the fourth quarter of fiscal 2018.
Nordstrom Stock Fell, Revenue Outlook Shadowed Strong Q3 Results
Nordstrom (JWN) stock fell 9% in after-hours trading on November 16 following the announcement of its third-quarter results.
JCPenney: Why Most Analysts Rate the Stock a ‘Buy’
As we mentioned in Part 1 of this series, JCPenney’s (JCP) stock has risen 24.7% since the start of the year to $8.69 as of June 28.
Burlington Stores Enhances Women’s Apparel, Home, Beauty Assortments
Burlington Stores puts a high emphasis on certain merchandise categories like ladies apparel, home and bath, cosmetics, and fragrances.
ETFs with holdings in Macy’s: How should I invest?
Some ETFs with holdings in Macy’s include one of the most popular ETFs in this category, the Consumer Discretionary Select Sector SPDR Fund (XLY).
Can Target Save Toys R Us from the Retail Graveyard?
Target has just announced a partnership with Toys R Us parent company Tru Kids Brands to manage online sales and order fulfillment.
JCPenney’s Sales Fall in 1Q16: How Did It Trim Its Losses?
JCPenney (JCP) was able to trim its losses in 1Q16 ended April 30, 2016, despite lower sales.
Why Macy’s and Other Department Store Stocks Fell Yesterday
On May 7, the stocks of Macy’s, Nordstrom (JWN), Kohl’s (KSS), and JCPenney (JCP) fell 3.8%, 2.0%, 4.3%, and 3.5%, respectively.
Is Analyst Pessimism for Kohl’s Stock Increasing?
Kohl’s stock has been seeing increased pessimism among analysts lately. Jefferies downgraded its rating for the stock yesterday, followed by Cowen today.
JCPenney: What Does the Company Expect for Its Gross Margin?
JCPenney’s (JCP) gross margin expanded to 34.1% in 4Q15 ended January 30, 2016, compared with 33.8% in 4Q15.
Nordstrom Stock Fell in After-Hours Trading
On May 17, Nordstrom reported 0.6% growth in its comps on a YoY basis, which sent the stock down ~7% in after-hours trading.
Employment Cost Index Up 0.7% in First Quarter
The employment cost index increased by 0.7% for the first quarter of 2015 on a seasonally adjusted basis. This was higher than economists’ consensus expectation of 0.6%.
Macy’s Could Benefit from Higher Demand for Consumer Electronics
Macy’s is likely to benefit from its partnership with Best Buy given the growing demand for consumer electronics.
Kohl’s Stock Fell 4.8% in the Last Trading Session
Kohl’s (KSS) stock fell 4.8% on January 10. Investors were disappointed with the sales growth deceleration during the holiday season.
Macy’s Stock: Why Do Most Analysts Rate It a ‘Hold’?
On February 2, 2017, 19 out of 22 analysts covering Macy’s (M) stock had “hold” recommendations, and three analysts had “buy” recommendations.
JCPenney Brings Appliances Back to Stores after Over 3 Decades
JCPenney (JCP) will be bringing a leading assortment of major appliances to 22 pilot stores effective February 1, 2016.
How Wall Street Analysts View JCPenney before Its Fiscal 2Q17 Results
On August 4, JCPenney (JCP) stock was rated “hold” by 14 of 23 analysts. JCP stock is rated “buy” by seven analysts and “sell” by two analysts.
Macy’s International Growth: Bloomingdale’s to Open in Kuwait
Macy’s (M) is gearing up for further international expansion with its plan to open its first Bloomingdale’s store in Kuwait.
Sears Could See Double-Digit Revenue Fall in First Quarter
Sears Holdings (SHLD) is expected to report a revenue decline of 33.6% to $2.9 billion in the first quarter.
What investors need to know about PVH’s operations
In the apparel industry, operators are focusing on the retail side of their business. Through retail operations, companies generate higher margins.
Must-know: Does e-commerce mean the end of malls?
General Growth CEO Sandeep Mathrani spent a lot of time on the conference call discussing the impact of e-commerce on his company (and mall REITs in general).
Behind Ulta Beauty’s Strong Sales Growth in Fiscal 1Q17
Sales for Ulta Beauty (ULTA) rose 22.5% to $1.31 billion in fiscal 1Q17. It exceeded the consensus Wall Street analysts’ sales estimate of $1.28 billion.
JCPenney: Analysts’ Recommendations and Target Price
As of July 13, 15 analysts covering JCPenney (JCP) stock have a “hold” rating. Seven analysts have a “buy” rating, while two analysts have a “sell” rating.
Macy’s Closes Brooklyn Real Estate Transaction
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.
Apple Pay Should Benefit Immensely from Starbucks Partnership
Some Starbucks stores will start accepting Apple Pay by the end of this year. Apple Pay’s complete rollout at 7,500 Starbucks stores will happen by the end of next year.
JCPenney Has Potential $800 Million Rescue Deal to Avoid Bankruptcy
Weak Sales: Specific to Macy’s or Other Department Stores, Too?
Macy’s (M) has missed consensus Wall Street sales estimates in each of the first three quarters of fiscal 2015, which will end January 30, 2016.
Could Nordstrom’s Fourth-Quarter Results Beat Expectations?
Nordstrom (JWN) is set to declare its fiscal 2018 fourth-quarter results after markets close on February 28.
Why Deckers Is Reducing Its Store Footprint
Deckers (DECK) is emphasizing retail store closures despite labeling them as a vital component of the company’s omnichannel strategy.
Soros Fund Management buys a new position in Baker Hughes
Soros Fund Management added a new position in Baker Hughes Inc. (BHI) that accounts for 0.67% of the fund’s 1Q 2014 portfolio.
Must-Know: Factors that Might Impact Macy’s 1Q15 Earnings
Macy’s 1Q15 earnings might be impacted by restructuring plans, investment in digital retailing channels, and costs related to store closings and openings.
Nordstrom’s Mixed Fiscal 4Q17 Results
Nordstrom (JWN) stock rose 5.1% to $53.04 on March 2, 2018, in reaction to the company’s fiscal 4Q17 results.