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719800.0
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2017-08-24 00:00:00 UTC
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These 3 Stocks Just Raised Their Dividends
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DDS
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https://www.nasdaq.com/articles/these-3-stocks-just-raised-their-dividends-2017-08-24
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Like its predecessor, last week was a fairly slow and uneventful one for dividend raises. Several companies did declare higher payouts, but they were the exception rather than the rule. The market is taking its usual late summer nap, so it's no surprise there isn't a lot of activity in this respect.
Nevertheless, I scrounged up the usual trio for this installment of our series. Without further ado...
Dillard's
Department store operator Dillard's (NYSE: DDS) has elected to lift its quarterly distribution by 43% to $0.10 per share.
The good news followed some bad. Earlier this month Dillard's posted a Q2 that had some ugly numbers, particularly a bottom line that landed in the red to the tune of $17 million, against a $12 million profit in the same period a year ago. Both comparable-store sales and total revenue declined marginally. A notable uptick in inventory was to blame for the declines.
Yet Dillard's dividend burden remains fairly light. We can't calculate a reasonable payout ratio for Q2 given the bottom-line deficit, but if we stretch back a year, the current trailing 12-month figure stands at a very modest 7%.
DDS EPS Diluted (TTM) data by YCharts
Analysts clearly believe that Dillard's will get its act together and work through its inventory issues. On average, they're forecasting a per-share profit of $3.57 for this year, and $3.92 in the following frame. That's down substantially from the latest annual figure of $4.93, but still in the black. So from an income investor perspective, I think this dividend is safe for now, despite the company's struggles.
Dillard's new dividend will be distributed on Oct. 30 to stockholders of record as of Sept. 29. At the most recent closing stock price the new amount would yield 0.7%, well below the nearly 2% of dividend-paying stocks on the S&P 500.
Pinnacle Foods
Another double-digit raiser is packaged-foods purveyor Pinnacle Foods (NYSE: PF) . The company is boosting its payout by 14% to just under $0.33 per share.
Hopefully, that'll calm investors who've experienced a bumpy ride with their company so far this year. A hoped-for merger with ConAgra Brands didn't materialize as many investors hoped, and some recent fundamentals haven't been impressive. In Q2, Pinnacle's net sales slipped by almost 2% on a year-over-year basis (to just under $745 million).
However, on an adjusted basis net profit for the quarter rose substantially, to $63 million ($0.53 per share) from the year-ago tally of slightly under $50 million. Management attributed much of this to the company's shift toward higher-margin products. Optimism is in the air despite that uninspiring revenue figure, as the company is forecasting EPS growth of around 19% for the full fiscal year.
PF Net Income (TTM) data by YCharts
If we plug the new dividend figure into the Q2 adjusted EPS, we get a figure of 61% -- perhaps a bit high, but not outrageous enough to worry about, in my opinion. Pinnacle's FCF, meanwhile, has lately been more than enough to cover the payout. I'd say this dividend is secure at the moment.
Pinnacle Foods will pay its next distribution on Oct. 9 to shareholders of record as of Aug. 29. It would yield a theoretical 2.1%.
First American Financial
Another member of the recent double-digit dividend raise club is First American Financial (NYSE: FAF) . The company, which makes the bulk of its living by selling title insurance to homeowners, is lifting its payout by 12% to $0.38 per share.
As the housing market goes, so goes First American Financial. Luckily for the company and its stockholders, the market is still humming along. As a result, in the most recently reported quarter the top line expanded by 7% on a year-over-year basis to $1.45 billion.
Those pleasant market tailwinds, combined with effective cost savings, meant net income saw a more impressive leap (by almost 20%) to just over $122 million. Both line items handily beat the average analyst estimates.
FAF Net Income (TTM) data by YCharts
Even with the beefy raise, First American Financial's dividend is well within its means; the payout ratio for the new distribution on the latest quarter's EPS is only 35%. The company's operating and free cash flow are robust, with the latter easily covering what it spends on dividends. The housing market isn't going to be buoyant forever, but I think the company's financials are strong enough to withstand a slump.
I'd count on this dividend at least being maintained over the next few years, then.
First American Financial will hand out its freshly raised dividend on Sept. 15 to investors of record as of Sept. 8. This would yield 3.2% on the latest closing share price.
10 stocks we like better than Dillard's
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Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends First American Financial. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Without further ado... Dillard's Department store operator Dillard's (NYSE: DDS) has elected to lift its quarterly distribution by 43% to $0.10 per share. DDS EPS Diluted (TTM) data by YCharts Analysts clearly believe that Dillard's will get its act together and work through its inventory issues. We can't calculate a reasonable payout ratio for Q2 given the bottom-line deficit, but if we stretch back a year, the current trailing 12-month figure stands at a very modest 7%.
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Without further ado... Dillard's Department store operator Dillard's (NYSE: DDS) has elected to lift its quarterly distribution by 43% to $0.10 per share. DDS EPS Diluted (TTM) data by YCharts Analysts clearly believe that Dillard's will get its act together and work through its inventory issues. PF Net Income (TTM) data by YCharts If we plug the new dividend figure into the Q2 adjusted EPS, we get a figure of 61% -- perhaps a bit high, but not outrageous enough to worry about, in my opinion.
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Without further ado... Dillard's Department store operator Dillard's (NYSE: DDS) has elected to lift its quarterly distribution by 43% to $0.10 per share. DDS EPS Diluted (TTM) data by YCharts Analysts clearly believe that Dillard's will get its act together and work through its inventory issues. PF Net Income (TTM) data by YCharts If we plug the new dividend figure into the Q2 adjusted EPS, we get a figure of 61% -- perhaps a bit high, but not outrageous enough to worry about, in my opinion.
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Without further ado... Dillard's Department store operator Dillard's (NYSE: DDS) has elected to lift its quarterly distribution by 43% to $0.10 per share. DDS EPS Diluted (TTM) data by YCharts Analysts clearly believe that Dillard's will get its act together and work through its inventory issues. In Q2, Pinnacle's net sales slipped by almost 2% on a year-over-year basis (to just under $745 million).
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719801.0
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2017-08-21 00:00:00 UTC
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Dillard's Strategies on Track, Boosts Shareholders' Returns
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DDS
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https://www.nasdaq.com/articles/dillards-strategies-on-track-boosts-shareholders-returns-2017-08-21
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nan
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nan
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In a bid to impress investors, Dillard's, Inc.DDS has recently approved a quarterly dividend hike of 42.9% to 10 cents per share compared with the previous payout of 7 cents. The new dividend will be paid on Class A and Class B common stock on Oct 30, to shareholders of record as on Sep 29, 2017.
Moreover, the company's constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and e-commerce business bode well. Its focus on increasing productivity, enhancing domestic operations and boosting shareholder's return are also noteworthy.
In fact, these attributes are well reflected in the company's stock price movement. Shares of Dillard's have rallied 9.7% in the last three months against the industry 's decline by an equivalent rate. Also, its shares have outperformed the broader Retail-Wholesale sector that gained a meager 0.5% and is currently placed at the bottom 6% of the Zacks classified sectors (15 out of 16).
Let's Delve Deep
Strategic Endeavors
Dillard's enjoys a niche position among fashion apparel, cosmetics and home furnishing retailers. We believe that the company's strategy of offering fashion-forward and trendy products, store remodels and omnichannel initiatives acts as a catalyst for attracting more customers, consequently leading to overall growth.
Furthermore, Dillard's efforts to increase its shareholders' value are evident from dividend payout of $4.5 million in the first half of fiscal 2017. Also, it bought back 1.4 million shares for $69.5 million in the fiscal second quarter, which represents a total of 3.1 million shares for $160.6 million on a year-to-date basis. Along with this, this Zacks Rank #3 (Hold) company had authorization worth $93.2 million remaining as of Jul 29, 2017.
Concerns/Hurdles
However, Dillard's incurred loss of 58 cents per share in the most recent quarter, which lagged the Zacks Consensus Estimate of 21 cents. In fact, its bottom line has also fallen short of the estimates in three of the trailing four quarters, with an average miss of 100.8%. Management blamed the quarterly loss on considerable markdowns in the quarter. Though its top line dropped year over year, the same surpassed the Zacks Consensus Estimate.
We note that the Zacks Consensus Estimate of $3.37 for fiscal 2017 and $3.12 for fiscal 2018 has moved down 64 cents and 57 cents, respectively, over the last 30 days.
Furthermore, Dillard's has been plagued with the persistent challenging trends in the apparel retail segment. Also, stiff competition and consumers' changing preferences toward online shopping are weighing down on its performance.
Bottom Line
Although Dillard's is facing a number of challenges now, management is striving hard to spark a turnaround in its performance.
Still Interested in the Retail Space-
A few better-ranked stocks in the broader Retail sector are The Children's Place, Inc. PLCE , The Gap, Inc. GPS and Canada Goose Holdings Inc. GOOS carrying a Zacks rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Children's Place, with a long-term earnings growth rate of 9% has pulled off an average positive earnings surprise of 16.3% in the last four quarters.
Gap, Inc., with a long-term earnings growth rate of 8% has delivered an average positive earnings surprise of 9.3% in the last four quarters.
Canada Goose Holdings, with a long-term earnings growth rate of 34.1% has delivered positive earnings surprise of 33.3% in the last reported quarter.
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Gap, Inc. (The) (GPS): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a bid to impress investors, Dillard's, Inc.DDS has recently approved a quarterly dividend hike of 42.9% to 10 cents per share compared with the previous payout of 7 cents. Click to get this free report Gap, Inc. (The) (GPS): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Let's Delve Deep Strategic Endeavors Dillard's enjoys a niche position among fashion apparel, cosmetics and home furnishing retailers.
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Click to get this free report Gap, Inc. (The) (GPS): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. In a bid to impress investors, Dillard's, Inc.DDS has recently approved a quarterly dividend hike of 42.9% to 10 cents per share compared with the previous payout of 7 cents. Still Interested in the Retail Space- A few better-ranked stocks in the broader Retail sector are The Children's Place, Inc. PLCE , The Gap, Inc. GPS and Canada Goose Holdings Inc. GOOS carrying a Zacks rank #2 (Buy).
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Click to get this free report Gap, Inc. (The) (GPS): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. In a bid to impress investors, Dillard's, Inc.DDS has recently approved a quarterly dividend hike of 42.9% to 10 cents per share compared with the previous payout of 7 cents. Concerns/Hurdles However, Dillard's incurred loss of 58 cents per share in the most recent quarter, which lagged the Zacks Consensus Estimate of 21 cents.
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In a bid to impress investors, Dillard's, Inc.DDS has recently approved a quarterly dividend hike of 42.9% to 10 cents per share compared with the previous payout of 7 cents. Click to get this free report Gap, Inc. (The) (GPS): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Furthermore, Dillard's efforts to increase its shareholders' value are evident from dividend payout of $4.5 million in the first half of fiscal 2017.
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2017-08-21 00:00:00 UTC
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7 Dividend Stocks Increasing Payouts – KSU NDSN DDS CBU FAF PF BMI
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DDS
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https://www.nasdaq.com/articles/7-dividend-stocks-increasing-payouts-ksu-ndsn-dds-cbu-faf-pf-bmi-2017-08-21
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The S&P 500 Index dipped down at the end of the week as investors digested increasing political tensions and a terrorist attack in Barcelona. However, a handful of dividend stocks continued powering through and issued a vote of confidence in their businesses in the form of dividend raises.
Seven notable dividend stocks increased their payouts over the last week, including two financial services firms, two industrial products manufacturers, a large railroad business and a department store.
Here are seven dividend stocks increasing payouts .
Kansas City Southern (NYSE: KSU ) grew its quarterly dividend from 33 cents per share to 36 cents, representing a raise of 9%. The railway company will pay out its higher dividends to shareholders of record as of Sept. 11 on Oct. 4. KSU shares trade ex-dividend on Sept. 8.
KSU Dividend Yield: 1.36%
Nordson Corporation (NASDAQ: NDSN ) increased its quarterly dividend by 11%, raising its payment to 30 cents per share from 27 cents. Shareholders of record as of Aug. 22 will receive their higher dividends on Sept. 5 from the adhesives dispenser manufacturer. NDSN shares will be ex-dividend on Aug. 18.
NDSN Dividend Yield: 0.96%
Badger Meter, Inc. (NYSE: BMI ) increased its quarterly dividend by 13% to 13 cents per share from 11.5 cents. Shareholders of record as of Aug. 31 will receive dividends from the manufacturer of flow measurement and control products on Sept. 15. The company's shares will go ex-dividend on Aug. 29.
BMI Dividend Yield: 1.18%
Pinnacle Foods Inc (NYSE: PF ) increased its quarterly dividend by 14%, raising its payment to 32.5 cents per share from 28.5 cents. Shareholders of record as of Aug. 29 will receive dividends from the branded food products company on Oct. 9. The company's shares will go ex-dividend on Aug. 25.
PF Dividend Yield: 2.17%
The 10 Best Dividend Stocks in Tech
First American Financial Corp (NYSE: FAF ) announced a 12% increase to its quarterly dividend, raising it from 34 cents per share to 38 cents. Dividends will be paid from the title insurance provider on Sept. 15 to shareholders of record as of Sept. 8. FAF shares become ex-dividend on Sept. 7.
FAF Dividend Yield: 3.15%
Community Bank Systems, Inc. (NYSE: CBU ) announced a 6% increase to its quarterly dividend, raising it from 32 cents per share to 34 cents. Dividends will be paid from the banking and financial services firm on Oct. 10 to shareholders of record as of Sept. 15. CBU shares become ex-dividend on Sept. 14.
CBU Dividend Yield: 2.63%
Dillard's, Inc. (NYSE: DDS ) raised its quarterly dividend by 43%, increasing it from 7 cents per share to 10 cents. The department store will pay its higher dividend to shareholders of record as of Sept. 29 on Oct. 30. DDS shares will trade ex-dividend on Sept. 28.
DDS Dividend Yield: 0.51%
As of this writing, Brian Bollinger did not hold a position in any of the aforementioned securities.
More From Simply Safe Dividends
Best High Dividend Stocks - August 2017
Warren Buffett's Top Dividend Stocks
The post 7 Dividend Stocks Increasing Payouts - KSU NDSN DDS CBU FAF PF BMI appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDS Dividend Yield: 0.51% As of this writing, Brian Bollinger did not hold a position in any of the aforementioned securities. CBU Dividend Yield: 2.63% Dillard's, Inc. (NYSE: DDS ) raised its quarterly dividend by 43%, increasing it from 7 cents per share to 10 cents. DDS shares will trade ex-dividend on Sept. 28.
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More From Simply Safe Dividends Best High Dividend Stocks - August 2017 Warren Buffett's Top Dividend Stocks The post 7 Dividend Stocks Increasing Payouts - KSU NDSN DDS CBU FAF PF BMI appeared first on InvestorPlace . CBU Dividend Yield: 2.63% Dillard's, Inc. (NYSE: DDS ) raised its quarterly dividend by 43%, increasing it from 7 cents per share to 10 cents. DDS shares will trade ex-dividend on Sept. 28.
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CBU Dividend Yield: 2.63% Dillard's, Inc. (NYSE: DDS ) raised its quarterly dividend by 43%, increasing it from 7 cents per share to 10 cents. More From Simply Safe Dividends Best High Dividend Stocks - August 2017 Warren Buffett's Top Dividend Stocks The post 7 Dividend Stocks Increasing Payouts - KSU NDSN DDS CBU FAF PF BMI appeared first on InvestorPlace . DDS shares will trade ex-dividend on Sept. 28.
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CBU Dividend Yield: 2.63% Dillard's, Inc. (NYSE: DDS ) raised its quarterly dividend by 43%, increasing it from 7 cents per share to 10 cents. DDS shares will trade ex-dividend on Sept. 28. More From Simply Safe Dividends Best High Dividend Stocks - August 2017 Warren Buffett's Top Dividend Stocks The post 7 Dividend Stocks Increasing Payouts - KSU NDSN DDS CBU FAF PF BMI appeared first on InvestorPlace .
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2017-08-16 00:00:00 UTC
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Kohl's & Macy's Fall Despite Upbeat Q2 Earnings: Here's Why
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DDS
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https://www.nasdaq.com/articles/kohls-macys-fall-despite-upbeat-q2-earnings%3A-heres-why-2017-08-16
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nan
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nan
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Last week, retail majors Kohl's CorporationKSS and Macy's Inc.M reported their quarterly results wherein both delivered better-than-expected earnings and revenues. Despite delivering upbeat results, both companies' shares tanked, as they are still struggling with industry specific headwinds.
Let's delve into the details.
Better-Than-Expected Quarterly Results
On Aug 10, both Kohl's Corp. and Macy's posted second-quarter fiscal 2017 results.
Kohl's reported adjusted earnings of $1.24 per share, beating the Zacks Consensus Estimate by 4.2% and prior-year quarter earnings by 2% owing to improved sales in all lines of business, strong inventory and expense management. Net sales of $4.144 billion marginally beat the Zacks Consensus Estimate of $4.138 billion. However, it dipped 0.9% from the prior-year quarter due to a challenging sales environment and lower comparable store sales (comps).
On the other hand, Macy's posted adjusted earnings of 48 cents a share that topped the Zacks Consensus Estimate of 45 cents but declined substantially from 54 cents reported in the year-ago period. Total sales of this Cincinnati, OH-based company also came ahead of the estimate after missing the same in the preceding two quarters. However, the company's top and bottom lines continued to decline year over year.
Comps on an owned-plus-licensed basis dipped 2.5%, while on an owned basis comps fell 2.8%. Gross profit in the quarter declined 6.6% year over year, whereas gross margin contracted 60 basis points to 40.3%. Operating income plunged 18%, while adjusted operating margin shriveled 90 basis points to 5.5% in the quarter.
Improved Comps
We note that these companies have delivered lower comps in the second quarter, but the decline was narrower than expected. While Kohl's posted comps decline of 0.4%, it was narrower than management's expectation of 1.5% fall, backed by increased traffic momentum and improvement in transactions in the month of July. Macy's comps declined 2.5%, narrower than the 3.2% fall.
Initiatives Which Boosted Sales
Both Kohl's and Macy's are making efforts to strengthen their position in the retail space, amid competitive pressure from both brick-and-mortar discount stores and online retailers, such as Amazon.com, Inc. AMZN .
In an attempt to augment sales, profitability and cash flows, Macy's has been taking steps such as cost cutting, integration of operations as well as developing its e-Commerce business and Macy's Backstage off-price business, along with the expansion of Bluemercury and online order fulfillment centers. Moreover, as a part of store rationalization program, the company plans to shut down underperforming stores.
Kohl's has also been making continuous efforts to improve its base business. Lately, the company has started offering more outside famous brands and cutting down on the number of in-house clothing brands it sells. Kohl's has started selling Under Armour products, as well as Clarks shoes and is looking for other brands to add to store aisles. The company also plans to continue selling the best-selling of its private-label brands, such as Sonoma, Croft & Barrow and Apt. 9, in order to drive traffic. Kohl's has also undertaken several initiatives to reduce its inventory to boost profits.
Despite the efforts, shares of both the stocks have been declining over the last few quarters. If we look into the share price performance of these stocks over the last one year, we note that while Kohl's fell 17.3%, while Macy's plummeted 50.2%, in comparison to the industry , which declined 40.9%. We believe waning mall traffic and increased online competition has grappled the overall industry and is hurting these stocks.
Both Kohl's and Macy's currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Other than Kohl's and Macy's, retailers like J. C. Penney Company, Inc. JCP and Dillard's Inc. DDS also failed to impress investors with their quarterly numbers, pulling down the shares.
Challenges Galore
We note that the retail sector has been witnessing rapid changes of late. Customers now prefer online shopping than buying goods from stores. Thus the e-Commerce business is improving and is acquiring substantial market share of brick-and-mortar stores. This in turn has adversely impacted the store traffic. Retailers are focusing on improving their e-Commerce businesses to tap in on the growing popularity of online shopping. However, by no means are they able to compete with Amazon.com, which dominates the e-Commerce market space.
The retail industry is also facing major challenges from a still-strong U.S. dollar, volatile commodity costs and uncertain economic environment. A strong dollar has resulted in lower spending from foreign tourists and is impacting retailers' overseas operations. Lower spending on apparel and accessories and a general slowdown in consumer spending are hurting sales at department stores. A highly promotional environment is also forcing retailers to slash prices thus impacting margins negatively.
Bottom Line
Though the companies have reported better-than-expected results, we remain skeptical about the stocks, as the retail chains still have a number of deterrents to overcome. While we are encouraged with the initiatives taken by the companies to grow their sales and market shares, we would still prefer to wait and watch these stocks as retailers will still have to compete against the back-to-school and holiday sales.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other than Kohl's and Macy's, retailers like J. C. Penney Company, Inc. JCP and Dillard's Inc. DDS also failed to impress investors with their quarterly numbers, pulling down the shares. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. While Kohl's posted comps decline of 0.4%, it was narrower than management's expectation of 1.5% fall, backed by increased traffic momentum and improvement in transactions in the month of July.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Other than Kohl's and Macy's, retailers like J. C. Penney Company, Inc. JCP and Dillard's Inc. DDS also failed to impress investors with their quarterly numbers, pulling down the shares. Kohl's reported adjusted earnings of $1.24 per share, beating the Zacks Consensus Estimate by 4.2% and prior-year quarter earnings by 2% owing to improved sales in all lines of business, strong inventory and expense management.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Other than Kohl's and Macy's, retailers like J. C. Penney Company, Inc. JCP and Dillard's Inc. DDS also failed to impress investors with their quarterly numbers, pulling down the shares. Kohl's reported adjusted earnings of $1.24 per share, beating the Zacks Consensus Estimate by 4.2% and prior-year quarter earnings by 2% owing to improved sales in all lines of business, strong inventory and expense management.
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Other than Kohl's and Macy's, retailers like J. C. Penney Company, Inc. JCP and Dillard's Inc. DDS also failed to impress investors with their quarterly numbers, pulling down the shares. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Last week, retail majors Kohl's CorporationKSS and Macy's Inc.M reported their quarterly results wherein both delivered better-than-expected earnings and revenues.
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2017-08-15 00:00:00 UTC
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Should Investors Expect More Pain Ahead for Retail ETFs?
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DDS
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https://www.nasdaq.com/articles/should-investors-expect-more-pain-ahead-retail-etfs-2017-08-15
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Bricks-and-mortar retailers have been under pressure for long as these have been facing constant threats from digitalization. The surge in web-based shopping is wreaking havoc on departmental stores with lackluster sales, store closures and filings of bankruptcy.
Source: Shutterstock
As of now, online retail sales make up about one-tenth of total retail and about 5% of annual e-commerce revenue in the U.S. The space is developing fast with the increased usage of smartphones and other mobile Internet devices.
As per Statista , in 2013, 41.3% of global internet users had purchased products online; the figure is expected to grow to 46.4% by 2017. More than the U.S., the real growth opportunities lay in the under-penetrated emerging markets.
Notably, shares of Macy's Inc (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dillard's, Inc. (NYSE: DDS ) dropped recently after their earnings releases thanks to same-store sales declines .
The U.S. retailers are closing down stores at the quickest clip in over a decade. Bankruptcies are being filed at a dreadful pace. SPDR S&P Retail ETF (NYSEARCA: XRT ) lost about 3.4% in the last 10 days.
Short sellers and options traders now expect more upheaval in the U.S. retail sector, as per the source . So far this year, XRT has seen inflows of only $81.1 million in assets and since the start of April, the fund shed about $172.9 million in assets, as per etf.com.
4 Retail Earnings Predictions You Won't Want to Miss
Investors are shorting the companies more aggressively than other stocks within the S&P 500 index, according to data from research firm IHS Markit. Going by the Wall Street Journal article, the number of bearish put options outstanding has risen 25% since the beginning of April, while the number of bullish options has tumbled 26%, as per Trade Alert.
What About Upcoming Retail Sales Event?
There are several events when retail sales see a surge. One such event is back-to-school/ college season which continues from mid-July through early/mid-September. NRF's annual survey conducted by Prosper Insights & Analytics showed that total collective spending is expected to touch $83.6 billion - its second-highest level on record. The figure is up over 10% from the year-ago period. However, about 45.5% of these shopping is likely to be done online.
As per Earning Trends issued on August 9, 2017, retail earnings are likely to drop 0.9% in Q2 on 4.1% revenue growth. For the upcoming third quarter, earnings are likely to decline 1.2% on 4.8% revenue growth.
A Technical Look at the Retail ETF - XRT
If we take a look at XRT - a popular retail ETF on the market - the downtrend is clearly visible. The fund was down over 10% this year (as of August 11, 2017).
The Relative Strength Index for XRT is presently 41.57 suggesting that the fund is approaching an oversold territory. The short-term moving average (9-day) for XRT is below the long-term average (200-day) suggesting bearishness for this ETF. The current price of XRT is trading below the parabolic SAR (PSAR) indicating a bearish trend for the product.
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The post Should Investors Expect More Pain Ahead for Retail ETFs? appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notably, shares of Macy's Inc (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dillard's, Inc. (NYSE: DDS ) dropped recently after their earnings releases thanks to same-store sales declines . 4 Retail Earnings Predictions You Won't Want to Miss Investors are shorting the companies more aggressively than other stocks within the S&P 500 index, according to data from research firm IHS Markit. NRF's annual survey conducted by Prosper Insights & Analytics showed that total collective spending is expected to touch $83.6 billion - its second-highest level on record.
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Notably, shares of Macy's Inc (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dillard's, Inc. (NYSE: DDS ) dropped recently after their earnings releases thanks to same-store sales declines . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bricks-and-mortar retailers have been under pressure for long as these have been facing constant threats from digitalization. What About Upcoming Retail Sales Event?
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Notably, shares of Macy's Inc (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dillard's, Inc. (NYSE: DDS ) dropped recently after their earnings releases thanks to same-store sales declines . Source: Shutterstock As of now, online retail sales make up about one-tenth of total retail and about 5% of annual e-commerce revenue in the U.S. A Technical Look at the Retail ETF - XRT If we take a look at XRT - a popular retail ETF on the market - the downtrend is clearly visible.
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Notably, shares of Macy's Inc (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dillard's, Inc. (NYSE: DDS ) dropped recently after their earnings releases thanks to same-store sales declines . The surge in web-based shopping is wreaking havoc on departmental stores with lackluster sales, store closures and filings of bankruptcy. Source: Shutterstock As of now, online retail sales make up about one-tenth of total retail and about 5% of annual e-commerce revenue in the U.S.
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a4989e35-5a90-451f-9a14-234f12637662
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719805.0
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2017-08-14 00:00:00 UTC
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More Pain Ahead for Retail ETFs?
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DDS
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https://www.nasdaq.com/articles/more-pain-ahead-retail-etfs-2017-08-14
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nan
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nan
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Bricks-and-mortar retailers have been under pressure for long as these have been facing constant threats from digitalization. The surge in web-based shopping is wreaking havoc on departmental stores with lackluster sales, store closures and filings of bankruptcy (read: Forget Broader Retail; Bet on Online Retail ETFs ).
As of now, online retail sales make up about one tenth of total retail and about 5% of annual e-commerce revenue in the U.S. The space is developing fast with the increased usage of smartphones and other mobile Internet devices.
As per statista , in 2013, 41.3% of global internet users had purchased products online; the figure is expected to grow to 46.4% by 2017. More than the U.S., the real growth opportunities lay in the under-penetrated emerging markets.
Notably, shares of Macy's M , Kohl's corp. KSS and Dillard's DDS dropped recently after their earnings releases thanks to same-store sales declines (read: 3 ETFs & Stocks to Buy Post June Retail Sales ).
The U.S. retailers are closing down stores at the quickest clip in over a decade. Bankruptcies are being filed at a dreadful pace. SPDR S&P Retail ETFXRT lost about 3.4% in the last 10 days.
Short sellers and options traders now expect more upheaval in the U.S. retail sector, as per the source . So far this year, XRT has seen inflows of only $81.1 million in assets and since the start of April, the fund shed about $172.9 million in assets, as per etf.com.
Investors are shorting the companies more aggressively than other stocks within the S&P 500 index, according to data from research firm IHS Markit. Going by the Wall Street Journal article, the number of bearish put options outstanding has risen 25% since the beginning of April, while the number of bullish options has tumbled 26%, as per Trade Alert.
What About Upcoming Retail Sales Event?
There are several events when retail sales see a surge. One such event is back-to-school/ college season which continues from mid-July through early/mid-September. NRF's annual survey conducted by Prosper Insights & Analytics showed that total collective spending is expected to touch $83.6 billion - its second-highest level on record. The figure is up over 10% from the year-ago period. However, about 45.5% of these shopping is likely to be done online.
As per Earning Trend s issued on August 9, 2017, retail earnings are likely to drop 0.9% in Q2 on 4.1% revenue growth. For the upcoming third quarter, earnings are likely to decline 1.2% on 4.8% revenue growth.
A Technical Look at the Retail ETF - XRT
If we take a look at XRT - a popular retail ETF on the market - the downtrend is clearly visible. The fund was down over 10% this year (as of August 11, 2017).
The Relative Strength Index for XRT is presently 41.57 suggesting that the fund is approaching an oversold territory. The short-term moving average (9-day) for XRT is below the long-term average (200-day) suggesting bearishness for this ETF. The current price of XRT is trading below the parabolic SAR (PSAR) indicating a bearish trend for the product.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
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SPDR-SP RET ETF (XRT): ETF Research Reports
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notably, shares of Macy's M , Kohl's corp. KSS and Dillard's DDS dropped recently after their earnings releases thanks to same-store sales declines (read: 3 ETFs & Stocks to Buy Post June Retail Sales ). Click to get this free report SPDR-SP RET ETF (XRT): ETF Research Reports Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Investors are shorting the companies more aggressively than other stocks within the S&P 500 index, according to data from research firm IHS Markit.
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Click to get this free report SPDR-SP RET ETF (XRT): ETF Research Reports Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, shares of Macy's M , Kohl's corp. KSS and Dillard's DDS dropped recently after their earnings releases thanks to same-store sales declines (read: 3 ETFs & Stocks to Buy Post June Retail Sales ). The surge in web-based shopping is wreaking havoc on departmental stores with lackluster sales, store closures and filings of bankruptcy (read: Forget Broader Retail; Bet on Online Retail ETFs ).
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Click to get this free report SPDR-SP RET ETF (XRT): ETF Research Reports Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, shares of Macy's M , Kohl's corp. KSS and Dillard's DDS dropped recently after their earnings releases thanks to same-store sales declines (read: 3 ETFs & Stocks to Buy Post June Retail Sales ). The surge in web-based shopping is wreaking havoc on departmental stores with lackluster sales, store closures and filings of bankruptcy (read: Forget Broader Retail; Bet on Online Retail ETFs ).
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Click to get this free report SPDR-SP RET ETF (XRT): ETF Research Reports Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, shares of Macy's M , Kohl's corp. KSS and Dillard's DDS dropped recently after their earnings releases thanks to same-store sales declines (read: 3 ETFs & Stocks to Buy Post June Retail Sales ). The surge in web-based shopping is wreaking havoc on departmental stores with lackluster sales, store closures and filings of bankruptcy (read: Forget Broader Retail; Bet on Online Retail ETFs ).
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283be971-7541-45a5-bdeb-430599840484
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719806.0
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2017-08-12 00:00:00 UTC
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Validea Benjamin Graham Strategy Daily Upgrade Report - 8/12/2017
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DDS
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https://www.nasdaq.com/articles/validea-benjamin-graham-strategy-daily-upgrade-report-8122017-2017-08-12
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nan
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nan
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The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
DILLARD'S, INC. ( DDS ) is a small-cap value stock in the Retail (Department & Discount) industry. The rating according to our strategy based on Benjamin Graham changed from 71% to 86% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard's stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company's segments include the Retail operations segment and the Construction segment. The Retail operations segment includes the operation of the Company's retail department stores. The Construction segment includes the operations of CDI Contractors, LLC ( CDI ), a general contracting construction company. CDI's business includes constructing and remodeling stores for the Company. As of January 28, 2017, the Company operated retail department stores in 29 states, primarily in the southwest, southeast and midwest regions of the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FUJIFILM HOLDINGS CORP. (ADR) ( FUJIY ) is a large-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Benjamin Graham changed from 86% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions. The Company's segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations. The Imaging Solutions segment consists of photo imaging, and optical device and electronic imaging products. The Information Solutions segment includes products used in medical systems, pharmaceuticals, regenerative medicine, life sciences, flat panel display (FPD) materials, industrial products, electronic materials, recording media and graphic systems. The Document Solutions segment includes office products, office printers, production services and global services. The Company's products include FUJI DRI-CHEM IMMUNO AG1, LASEREO, SYNAPSE Vendor Neutral Archive (VNA), FDR D-EVO II, SonoSite iViz, X FUJIFILM Index, FUJIFILM X-T2 and Instax Cameras Index.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Benjamin Graham has returned 338.97% vs. 144.03% for the S&P 500. For more details on this strategy, click here
About Benjamin Graham : The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DILLARD'S, INC. ( DDS ) is a small-cap value stock in the Retail (Department & Discount) industry. The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man.
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DILLARD'S, INC. ( DDS ) is a small-cap value stock in the Retail (Department & Discount) industry. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here FUJIFILM HOLDINGS CORP. (ADR) ( FUJIY ) is a large-cap value stock in the Medical Equipment & Supplies industry. The Company's segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations.
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DILLARD'S, INC. ( DDS ) is a small-cap value stock in the Retail (Department & Discount) industry. The Company's segments include the Retail operations segment and the Construction segment. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Benjamin Graham has returned 338.97% vs. 144.03% for the S&P 500.
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DILLARD'S, INC. ( DDS ) is a small-cap value stock in the Retail (Department & Discount) industry. The Company's segments include the Retail operations segment and the Construction segment. Company Description: FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions.
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f2d77813-d046-4094-8f67-7f8f93b3c3cf
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719807.0
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2017-08-11 00:00:00 UTC
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Blue Apron and Snap Slump, Retail Woes, Nvidia Earnings Recap
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DDS
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https://www.nasdaq.com/articles/blue-apron-and-snap-slump-retail-woes-nvidia-earnings-recap-2017-08-11
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nan
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( 0:20 ) - North Korean Tensions On The Rise
( 2:10 ) - Blue Apron Earnings Report
( 5:40 ) - Snap Earnings Report
( 9:10 ) - Retail Sector Earnings Breakdown
( 13:00 ) - Nvidia Earnings Report
( 17:00 ) - Episode Roundup: Podcast@Zacks.com
On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Intern Ben Rains-filling in for Maddy Johnson-take on this week's biggest stories, including earnings from newly-public Blue Apron and Snap Inc., the continued struggles of retail stores, and a recap of Nvidia's latest results.
Before jumping into this week's top financial headlines, Ryan and Ben took some time to discuss the volatility and overall hesitation throughout the global markets that resulted from increased geopolitical tensions. The relationship between North Korea and the United States appears to be at a breaking point, and investors took a healthy pause this week because of the recent developments.
Of course, there were several other headlines to cover as well. Earnings season is wrapping up, but investors did see fresh reports from two of this year's biggest IPOs: Blue Apron APRN and Snap Inc. SNAP . It was a disappointing first-ever earnings report for Blue Apron, and Snap didn't fare very well in its second-ever report. As a result, these struggling new stocks look poised to keep on struggling.
Read more here: Snap Stock Plummets on Q2 Earnings and Revenue Miss & Investors React to Blue Apron's Abysmal First Earnings Report
On the topic of disappointment, that's exactly what investors were dealt by several major retail earnings reports this week. Once again, department store giants like Macy's M , Kohl's KSS , and Dillard's DDS plummeted after the markets were quick to punish the brand's for continued same-store sales declines. Despite what some may see as small improvements in certain areas of retail, investors weren't buying it this week.
Get the full scoop: Retail Earnings Roundup: Macy's, Kohl's, Dillard's Plummet
Finally, the hosts turned their attention to investor-favorite Nvidia's NVDA earnings results. Despite a massive earnings beat and solid revenue figures, Nvidia shares dropped as the markets picked apart its strong second-quarter results. Want to know why? Tune in to find out!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com . Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes .
As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
Want morestock market analysisfrom this author? Make sure to follow @ Ryan_McQueeney on Twitter!
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Snap Inc. (SNAP): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
BLUE APRON HLDG (APRN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Once again, department store giants like Macy's M , Kohl's KSS , and Dillard's DDS plummeted after the markets were quick to punish the brand's for continued same-store sales declines. Click to get this free report Snap Inc. (SNAP): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report BLUE APRON HLDG (APRN): Free Stock Analysis Report To read this article on Zacks.com click here. Before jumping into this week's top financial headlines, Ryan and Ben took some time to discuss the volatility and overall hesitation throughout the global markets that resulted from increased geopolitical tensions.
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Click to get this free report Snap Inc. (SNAP): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report BLUE APRON HLDG (APRN): Free Stock Analysis Report To read this article on Zacks.com click here. Once again, department store giants like Macy's M , Kohl's KSS , and Dillard's DDS plummeted after the markets were quick to punish the brand's for continued same-store sales declines. ( 0:20 ) - North Korean Tensions On The Rise ( 2:10 ) - Blue Apron Earnings Report ( 5:40 ) - Snap Earnings Report ( 9:10 ) - Retail Sector Earnings Breakdown ( 13:00 ) - Nvidia Earnings Report ( 17:00 ) - Episode Roundup: Podcast@Zacks.com On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Intern Ben Rains-filling in for Maddy Johnson-take on this week's biggest stories, including earnings from newly-public Blue Apron and Snap Inc., the continued struggles of retail stores, and a recap of Nvidia's latest results.
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Click to get this free report Snap Inc. (SNAP): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report BLUE APRON HLDG (APRN): Free Stock Analysis Report To read this article on Zacks.com click here. Once again, department store giants like Macy's M , Kohl's KSS , and Dillard's DDS plummeted after the markets were quick to punish the brand's for continued same-store sales declines. ( 0:20 ) - North Korean Tensions On The Rise ( 2:10 ) - Blue Apron Earnings Report ( 5:40 ) - Snap Earnings Report ( 9:10 ) - Retail Sector Earnings Breakdown ( 13:00 ) - Nvidia Earnings Report ( 17:00 ) - Episode Roundup: Podcast@Zacks.com On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Intern Ben Rains-filling in for Maddy Johnson-take on this week's biggest stories, including earnings from newly-public Blue Apron and Snap Inc., the continued struggles of retail stores, and a recap of Nvidia's latest results.
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Once again, department store giants like Macy's M , Kohl's KSS , and Dillard's DDS plummeted after the markets were quick to punish the brand's for continued same-store sales declines. Click to get this free report Snap Inc. (SNAP): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report BLUE APRON HLDG (APRN): Free Stock Analysis Report To read this article on Zacks.com click here. ( 0:20 ) - North Korean Tensions On The Rise ( 2:10 ) - Blue Apron Earnings Report ( 5:40 ) - Snap Earnings Report ( 9:10 ) - Retail Sector Earnings Breakdown ( 13:00 ) - Nvidia Earnings Report ( 17:00 ) - Episode Roundup: Podcast@Zacks.com On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Intern Ben Rains-filling in for Maddy Johnson-take on this week's biggest stories, including earnings from newly-public Blue Apron and Snap Inc., the continued struggles of retail stores, and a recap of Nvidia's latest results.
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d2893c34-858b-4ead-87f8-f7f7177875e7
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719808.0
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2017-08-11 00:00:00 UTC
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Why NVIDIA, Dillard's, and Fossil Group Slumped Today
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DDS
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https://www.nasdaq.com/articles/why-nvidia-dillards-and-fossil-group-slumped-today-2017-08-11
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nan
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nan
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Friday was a solid day for the stock market, which enjoyed a slight recovery from more substantial losses over the preceding trading sessions during the week. Investors seemed generally to be at least a bit more comfortable with the geopolitical situation globally, and some favorable news on the earnings front supported the idea that the U.S. economy will be able to keep growing even if tensions rise outside the financial markets. Yet some companies faced their own specific obstacles today, and NVIDIA (NASDAQ: NVDA) , Dillard's (NYSE: DDS) , and Fossil Group (NASDAQ: FOSL) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.
NVIDIA can't clear a big hurdle
Shares of NVIDIA dropped 5% after the graphics chip specialist didn't do well enough in its second-quarter financial results to satisfy growth-hungry investors. At first glance, NVIDIA's performance looked stellar , with revenue climbing by more than half and net income more than doubling from year-ago levels. Yet the stock has soared roughly 150% over the past year, and part of what was driving those gains were even higher hopes about the chipmaker's prospects. Going forward, NVIDIA still has a lot going for it, including gains on initiatives to tap into key themes like data centers and artificial intelligence. Shareholders might have to get used to the idea that even great results won't always push the stock higher after it having seen such extensive gains already.
Dillard's misses the retail rebound
Dillard's stock finished down 6% in the wake of the company's second-quarter financial report. The department store retailer reported a loss for the quarter, facing headwinds in the form of a 1% drop in comparable-store sales and an inflated level of inventory that it had to liquidate at discounted prices during the quarter. Investors should also be aware that Dillard's stock is going through some unusual fluctuations , perhaps because of extensive short-selling activity that in turn has led to short-term squeezes and big share-price gains. Fundamentally, Dillard's faces many of the same challenges as its retail peers, and it hasn't consistently been able to address them as well as some of its rivals have.
Fossil keeps slipping
Finally, shares of Fossil Group lost another 7%, adding to its poor performance earlier in the week. The watchmaker reported extremely weak results for its second quarter, including a 13% overall decline in revenue on an 11% drop in retail comparable sales. Fossil is hopeful for the long-term prospects of its connected wearables business, but the retailer is seeing demand dry up for its traditional lines of watches, as well as accessories like leather and jewelry. Without quick action to mount a better turnaround, Fossil has some investors worried about more dire consequences for the watchmaker's long-term prospects.
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Dan Caplinger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Nvidia. The Motley Fool recommends Fossil Group, Inc. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Yet some companies faced their own specific obstacles today, and NVIDIA (NASDAQ: NVDA) , Dillard's (NYSE: DDS) , and Fossil Group (NASDAQ: FOSL) were among the worst performers on the day. Investors seemed generally to be at least a bit more comfortable with the geopolitical situation globally, and some favorable news on the earnings front supported the idea that the U.S. economy will be able to keep growing even if tensions rise outside the financial markets. Investors should also be aware that Dillard's stock is going through some unusual fluctuations , perhaps because of extensive short-selling activity that in turn has led to short-term squeezes and big share-price gains.
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Yet some companies faced their own specific obstacles today, and NVIDIA (NASDAQ: NVDA) , Dillard's (NYSE: DDS) , and Fossil Group (NASDAQ: FOSL) were among the worst performers on the day. Dillard's misses the retail rebound Dillard's stock finished down 6% in the wake of the company's second-quarter financial report. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Yet some companies faced their own specific obstacles today, and NVIDIA (NASDAQ: NVDA) , Dillard's (NYSE: DDS) , and Fossil Group (NASDAQ: FOSL) were among the worst performers on the day. NVIDIA can't clear a big hurdle Shares of NVIDIA dropped 5% after the graphics chip specialist didn't do well enough in its second-quarter financial results to satisfy growth-hungry investors. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Yet some companies faced their own specific obstacles today, and NVIDIA (NASDAQ: NVDA) , Dillard's (NYSE: DDS) , and Fossil Group (NASDAQ: FOSL) were among the worst performers on the day. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor , has tripled the S&P 500!
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2017-08-10 00:00:00 UTC
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Dillard’s, Inc. (DDS) Stock Takes Big Hit on Q2 Earnings Miss
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DDS
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https://www.nasdaq.com/articles/dillards-inc-dds-stock-takes-big-hit-q2-earnings-miss-2017-08-10
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Dillard's, Inc. (NYSE: DDS ) stock took a hit today after the retailer reported second-quarter earnings below estimates.
Source: Shutterstock
Losses per share of 58 cents in the second quarter of 2017 was bad news for DDS stock. Theses losses come in far below its earnings per share of 35 cents from the second quarter of 2016. They also failed to reach Wall Street's earnings per share estimate of 19 cents for the quarter.
Dillard's, Inc. also reported revenue of $1.48 billion for the second quarter of the year. This is down from its revenue of $1.49 billion from the same time last year. However, it did just barely beat analysts' revenue estimate of $1.44 billion for the second quarter of 2017.
A net loss of $17.1 million was reported by Dillard's, Inc. in the second quarter of the year. The company reported net income of $12.1 million during the same period of the year prior.
Dillard's, Inc. notes that its total merchandise sales for the second quarter of 2017 were down by 1% when compared to the same time last year. It says that comparable store sales were also down by 1% during the quarter.
7 Blue-Chip Stocks That Can Still Beat the Street
Dillard's, Inc. is expecting depreciation and amortization for 2017 to be $240 million, which is down from 2016's $244 million. It is also looking for rentals in 2017 to be $28 million, net interest and debt expense of $63 million and capital expenditures of $125 million. Rentals in 2016 were $26 million, net interest and debt expense was$63 million and capital expenditures were $105 million in 2016.
DDS stock was down 14% as of Thursday morning and is flat year-to-date.
More From InvestorPlace
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10 Worrisome Stocks That Will Fall Hardest in the Next Correction
As of this writing, William White did not hold a position in any of the aforementioned securities.
The post Dillard's, Inc. (DDS) Stock Takes Big Hit on Q2 Earnings Miss appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Source: Shutterstock Losses per share of 58 cents in the second quarter of 2017 was bad news for DDS stock. The post Dillard's, Inc. (DDS) Stock Takes Big Hit on Q2 Earnings Miss appeared first on InvestorPlace . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dillard's, Inc. (NYSE: DDS ) stock took a hit today after the retailer reported second-quarter earnings below estimates.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dillard's, Inc. (NYSE: DDS ) stock took a hit today after the retailer reported second-quarter earnings below estimates. Source: Shutterstock Losses per share of 58 cents in the second quarter of 2017 was bad news for DDS stock. DDS stock was down 14% as of Thursday morning and is flat year-to-date.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dillard's, Inc. (NYSE: DDS ) stock took a hit today after the retailer reported second-quarter earnings below estimates. Source: Shutterstock Losses per share of 58 cents in the second quarter of 2017 was bad news for DDS stock. DDS stock was down 14% as of Thursday morning and is flat year-to-date.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dillard's, Inc. (NYSE: DDS ) stock took a hit today after the retailer reported second-quarter earnings below estimates. Source: Shutterstock Losses per share of 58 cents in the second quarter of 2017 was bad news for DDS stock. DDS stock was down 14% as of Thursday morning and is flat year-to-date.
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2017-08-10 00:00:00 UTC
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Retail Earnings Take Center Stage, Plus July PPI
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DDS
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https://www.nasdaq.com/articles/retail-earnings-take-center-stage-plus-july-ppi-2017-08-10
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Thursday, August 10th, 2017
A big day for retail earnings reports today kicks off with department store major Macy's M ahead of the bell, as well as economic metrics hitting the tape at the Fed will be looking closely, specifically Initial Jobless Claims and July's Producer Price Index (PPI). Let us begin.
On the headline, Zacks Rank #3 (Hold)-rated Macy's beat earnings estimates by 2 cents to 48 cents per share. However, strip away debt repurchases, non-cash settlements and stock-based compensation and this result reduces to 38 cents per share. Revenues clearly came in ahead of expectations to $5.55 billion from $5.50 billion in the Zacks consensus estimate.
Macy's shares are up 2.5% following the earnings report, as the company has also reaffirmed full-year 2017 guidance for both sales and earnings, and plan no additional enhancements before the end of the year. Remember the retailing giant is in the processing of shuttering some stores nationwide, which is helping keep down costs as online retail continues its seep into brick-and-mortar institutions.
Another department-store retailer, Kohl's KSS , beat estimates on both top and bottom lines this morning: $1.24 per share beat the $1.19 we were looking for, and revenues of $4.144 billion topped the $4.138 billion expected. Year-over-year comps were down in the quarter 0.4%, though compare this to the -2.7% in Q1, and Kohl's business looks to be picking up a bit sequentially.
And Zacks Rank #3-rated Dillard's DDS posted a surprise loss in the quarter, swinging to -58 cents per share as opposed to the +19 cents expected. Sales came in slightly under expectations to $1.427 billion from the Zacks consensus estimate of $1.435 billion. Shares are tumbling more than 13% following the earnings release.
Continuing the retail earnings narrative after today's close, we await results from Zacks Rank #2-rated Nordstrom JWN .
Thursday Econ Data
As we see every Thursday morning, Initial Jobless Claims hit the tape ahead of the opening bell. Again we see sub-250K new claims: 244K last week is up from the slightly upwardly revised 241K the previous week. Continuing claims continued to dwindle further south of 2 million to 1.951 million; the prior week posted 1.967 million.
And July PPI showed much weaker-than-expected results, swinging to a loss in the month to -0.1% - analysts had been looking for +0.2%. Ex-food & energy is still -0.1%. Year over year, PPI is 1.9% (1.8% ex-food & energy). These figures are all well off expectations; we had been looking for year-over-year PPI growth definitely over 2%. Trade was down 0.5%, Transportation -0.8%, Energy -0.3. All of this amounts to lower-than-expected inflation building on the enterprise side. Tomorrow brings the Consumer Price Index (CPI) results, so we'll see how these numbers line up.
These numbers, of course, help prognosticators understand when the next Fed rate hike will take place. Currently, chances of a September hike are extremely low compared to earlier this year, and numbers like today's PPI will not change this. Even December - considered by many economists to be the most likely time for a rate hike in the medium-term, has also slipped to just under a 34% chance. Meaning we may see interest rates stay pat for the remainder of 2017; as long as inflation metrics continue to look weak, this is what we most likely will see.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
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Nordstrom, Inc. (JWN): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And Zacks Rank #3-rated Dillard's DDS posted a surprise loss in the quarter, swinging to -58 cents per share as opposed to the +19 cents expected. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Thursday, August 10th, 2017 A big day for retail earnings reports today kicks off with department store major Macy's M ahead of the bell, as well as economic metrics hitting the tape at the Fed will be looking closely, specifically Initial Jobless Claims and July's Producer Price Index (PPI).
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. And Zacks Rank #3-rated Dillard's DDS posted a surprise loss in the quarter, swinging to -58 cents per share as opposed to the +19 cents expected. Thursday, August 10th, 2017 A big day for retail earnings reports today kicks off with department store major Macy's M ahead of the bell, as well as economic metrics hitting the tape at the Fed will be looking closely, specifically Initial Jobless Claims and July's Producer Price Index (PPI).
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. And Zacks Rank #3-rated Dillard's DDS posted a surprise loss in the quarter, swinging to -58 cents per share as opposed to the +19 cents expected. Thursday, August 10th, 2017 A big day for retail earnings reports today kicks off with department store major Macy's M ahead of the bell, as well as economic metrics hitting the tape at the Fed will be looking closely, specifically Initial Jobless Claims and July's Producer Price Index (PPI).
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And Zacks Rank #3-rated Dillard's DDS posted a surprise loss in the quarter, swinging to -58 cents per share as opposed to the +19 cents expected. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Thursday, August 10th, 2017 A big day for retail earnings reports today kicks off with department store major Macy's M ahead of the bell, as well as economic metrics hitting the tape at the Fed will be looking closely, specifically Initial Jobless Claims and July's Producer Price Index (PPI).
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2017-08-10 00:00:00 UTC
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Street Color: US Stocks: Focus on Retail
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https://www.nasdaq.com/articles/street-color-us-stocks-focus-retail-2017-08-10
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Early stocks chatter says there is some loathe on small cap financials again out of the gate with SPDR S&P Regional Bank ETF down 1% and smashed downside below the 200-day moving average. The focus is on retail amid big earnings from Kohl's ( KSS ), Macy's ( M ) and Dillard's ( DDS ) thus the SPDR S&P Retail ETF is hit under 50-day moving average too. Nordstrom ( JWN ) reports tonight.
(Street Color alerts are derived from real time chats with market professionals subscribed to the Ask Alyce Premium Chat on Bloomberg and Symphony. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The focus is on retail amid big earnings from Kohl's ( KSS ), Macy's ( M ) and Dillard's ( DDS ) thus the SPDR S&P Retail ETF is hit under 50-day moving average too. Early stocks chatter says there is some loathe on small cap financials again out of the gate with SPDR S&P Regional Bank ETF down 1% and smashed downside below the 200-day moving average. This information is believed to be from reliable sources but may include rumor and speculation.
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The focus is on retail amid big earnings from Kohl's ( KSS ), Macy's ( M ) and Dillard's ( DDS ) thus the SPDR S&P Retail ETF is hit under 50-day moving average too. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The focus is on retail amid big earnings from Kohl's ( KSS ), Macy's ( M ) and Dillard's ( DDS ) thus the SPDR S&P Retail ETF is hit under 50-day moving average too. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The focus is on retail amid big earnings from Kohl's ( KSS ), Macy's ( M ) and Dillard's ( DDS ) thus the SPDR S&P Retail ETF is hit under 50-day moving average too. Early stocks chatter says there is some loathe on small cap financials again out of the gate with SPDR S&P Regional Bank ETF down 1% and smashed downside below the 200-day moving average. Nordstrom ( JWN ) reports tonight.
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2017-08-10 00:00:00 UTC
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Dillard's (DDS) Stock Plunges on Q2 Loss, View Reiterated
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https://www.nasdaq.com/articles/dillards-dds-stock-plunges-on-q2-loss-view-reiterated-2017-08-10
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Shares of Dillard's Inc.DDS have slumped 15.5% in the pre-market trading session, following the company's second-quarter fiscal 2017 results, wherein it reported a loss. Well, this marked the company's second straight quarter of bottom-line miss.
Q2 Numbers
The company reported a loss of 58 cents per share, which compares unfavorably with the year-ago period earnings of 35 cents, as well as the Zacks Consensus Estimate of 21 cents. Management blamed the quarterly loss on considerable markdowns in the quarter.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote
Dillard's total revenue (including service charges and other income) of $1,463.8 million dropped 1.7% from the year-ago quarter, while it surpassed the Zacks Consensus Estimate of $1,417.4 million.
Dillard's net sales (including CDI Contractors LLC or CDI) dipped 1.7% year over year to $1,427.2 million in the reported quarter. Merchandise sales, excluding CDI, slipped 1% to roughly $1,385 million. Merchandise comparable-store sales for the 13-week period ended Jul 29, 2017 were also down 1% from the year-ago period.
While ladies' apparel category displayed slight improvement in the quarter, sales at the juniors and children's apparel, ladies' accessories, lingerie and men's apparel and accessories categories were in line with the company's trend. Further, Dillard's performance remained soft across shoes, cosmetics, home and furniture. The Eastern region was the best performer, trailed by the Western and Central regions, respectively.
Consolidated gross margin contracted 217 basis points (bps), while gross margin from retail operations (excluding CDI) fell 235 bps due to higher markdowns.
Dillard's SG&A expenses (as a percentage of sales) escalated 100 bps to 28.2%. In dollar terms, SG&A expenses climbed 1.7% to $401.6 million.
Financial Details
Dillard's ended the quarter with cash and cash equivalents of $135.1 million, long-term debt and capital leases (excluding current portions) of $368.8 million and total shareholders' equity of $1,602.7 million. Merchandise inventories improved 1.8% year over year to $1,527.4 million.
During the first half of the fiscal, the company generated net cash flow from operations of $22.1 million and incurred $4.5 million in dividends. It bought back 1.4 million shares for $69.5 million in the second quarter. On a year-to-date basis, Dillard's repurchased 3.1 million shares for $160.6 million. With this, the company has authorization worth $93.2 million remaining as of Jul 29.
Store Update
As of Jul 29, 2017, Dillard's had about 268 namesake outlets and 25 clearance centers operating in 29 states, as well as an online store at www.dillards.com. Dillard's total square footage, as of Jul 29 was 49.1 million.
Fiscal 2017 View Reaffirmed
Dillard's retained its fiscal 2017 forecasts. The company expects rentals of approximately $28 million. In fiscal 2016, the company's rentals amounted to $26 million. Net interest and debt expenses are anticipated to be nearly $63 million, flat with fiscal 2016 level. Further, the company projects capital expenditures of about $125 million for fiscal 2017 compared with $105 million in fiscal 2016. Depreciation and amortization expenses for fiscal 2017 are expected at $240 million compared with $244 million in the prior year.
Dillard's currently carries a Zacks Rank #3 (Hold). The stock has jumped 17% on a year-to-date basis, faring better than the industry 's 24.3% slump. However, today's performance may turn the tables around for the stock.
Still Interested in Retail? Check these 3 Trending Picks
J.C. Penney Company, Inc. JCP , with a long-term EPS growth rate of 16% has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Build-A-Bear Workshop Inc. BBW , also carrying a Zacks Rank #2 (Buy), has long-term EPS growth rate of 22.5%,
Five Below Inc. FIVE , with a long-term EPS growth rate of 28.5%, carries a Zacks Rank #2.
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Build-A-Bear Workshop, Inc. (BBW): Free Stock Analysis Report
Five Below, Inc. (FIVE): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's Inc.DDS have slumped 15.5% in the pre-market trading session, following the company's second-quarter fiscal 2017 results, wherein it reported a loss. Click to get this free report Build-A-Bear Workshop, Inc. (BBW): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report To read this article on Zacks.com click here. Check these 3 Trending Picks J.C. Penney Company, Inc. JCP , with a long-term EPS growth rate of 16% has a Zacks Rank #1 (Strong Buy).
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Click to get this free report Build-A-Bear Workshop, Inc. (BBW): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc.DDS have slumped 15.5% in the pre-market trading session, following the company's second-quarter fiscal 2017 results, wherein it reported a loss. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote Dillard's total revenue (including service charges and other income) of $1,463.8 million dropped 1.7% from the year-ago quarter, while it surpassed the Zacks Consensus Estimate of $1,417.4 million.
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Click to get this free report Build-A-Bear Workshop, Inc. (BBW): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc.DDS have slumped 15.5% in the pre-market trading session, following the company's second-quarter fiscal 2017 results, wherein it reported a loss. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote Dillard's total revenue (including service charges and other income) of $1,463.8 million dropped 1.7% from the year-ago quarter, while it surpassed the Zacks Consensus Estimate of $1,417.4 million.
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Shares of Dillard's Inc.DDS have slumped 15.5% in the pre-market trading session, following the company's second-quarter fiscal 2017 results, wherein it reported a loss. Click to get this free report Build-A-Bear Workshop, Inc. (BBW): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report To read this article on Zacks.com click here. However, today's performance may turn the tables around for the stock.
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2017-08-10 00:00:00 UTC
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Dillard's, Inc.'s Dreadful Second Quarter Shows the Importance of Inventory Management
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DDS
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https://www.nasdaq.com/articles/dillards-incs-dreadful-second-quarter-shows-importance-inventory-management-2017-08-10
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It wasn't surprising that Dillard's (NYSE: DDS) performed poorly in the second quarter of fiscal 2017. After all, department store sales have been falling in recent years. Furthermore, Dillard's hasn't been as diligent about reducing its inventory as rivals like Macy's (NYSE: M) and Kohl's (NYSE: KSS) .
Nevertheless, the scale of Dillard's Q2 earnings wipeout was shocking. The company posted a $0.58 per share loss, whereas every Wall Street analyst following the company had expected it to be profitable. This just goes to show that struggling department stores must be more careful than ever to maintain lean inventories.
Dillard's lives on the edge
During Q1, Dillard's reported seemingly solid earnings results. While the company did experience some pressure on sales, gross margin recovered relative to a weak performance in the first quarter of fiscal 2016.
Furthermore, Dillard's aggressive share buyback program helped cushion the blow to earnings per share. EPS barely declined, slipping to $2.12 from $2.17 a year earlier. Following the Q1 earnings report, investors initially dumped Dillard's stock amid a big sell-off for the department store sector. However, the stock then rallied more than 80% between mid-May and late July, driven by a massive short squeeze .
However, there was trouble brewing beneath the surface. Although Dillard's posted solid gross margin results in the first quarter, it ended the period with inventory up 4% year over year. Given that Dillard's has reported a long string of sales declines, this inventory increase should have been a big red flag to investors.
Everything comes crashing down
Sure enough, Dillard's paid the price last quarter. While the company reported a modest 1% decline in comparable store sales, gross margin plunged by 235 basis points year over year. (One percentage point equals 100 basis points.)
That's why Dillard's posted a steep loss last quarter, compared to EPS of $0.35 a year earlier. Year to date, EPS has fallen to $1.62, compared to $2.55 in the first half of fiscal 2016.
Additionally, Dillard's free cash flow fell to -$38 million in the first half of 2017 from $46 million a year earlier. Of course, Dillard's tends to generate virtually all of its free cash flow in the fourth quarter. The point is simply that free cash flow is on a downward trajectory, which will eventually put a damper on the company's share buybacks.
Looking ahead, the third quarter could be tough as well -- albeit not as bad as last quarter. Dillard's ended July with inventory up about 2% year over year.
Macy's and Kohl's post better results
Macy's and Kohl's also reported that comparable store sales fell in the second quarter. Kohl's saw a relatively modest 0.4% comp sales decline, while Macy's experienced a steeper 2.5% comp sales decline (including licensed departments within its stores).
Fortunately, both companies have been carefully managing inventory levels in light of their weak sales trends. Kohl's and Macy's both ended the first quarter with inventory down about 2% year over year. As a result, Kohl's gross margin declined just 6 basis points year over year in Q2. Meanwhile, Macy's reported a manageable 55 basis point gross margin decline, despite facing significant headwinds from a wave of discounting in the cosmetics business.
Macy's and Kohl's both reported earnings results slightly ahead of analysts' estimates. Adjusted EPS declined about 11% year over year at Macy's, while Kohl's had a slight year-over-year increase in EPS. They both exited the quarter with inventory down year over year, as well.
Somewhat surprisingly, investors still weren't satisfied with Macy's and Kohl's second quarter results. As of noon Thursday, Macy's shares had fallen 9%, while Kohl's stock was down 6%. Still, that was better than Dillard's stock's 14% plunge. There could be even more share price declines ahead for Dillard's unless it quickly gets its inventory back in line.
10 stocks we like better than Dillard's
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Adam Levine-Weinberg owns shares of Kohl's and Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It wasn't surprising that Dillard's (NYSE: DDS) performed poorly in the second quarter of fiscal 2017. Following the Q1 earnings report, investors initially dumped Dillard's stock amid a big sell-off for the department store sector. The point is simply that free cash flow is on a downward trajectory, which will eventually put a damper on the company's share buybacks.
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It wasn't surprising that Dillard's (NYSE: DDS) performed poorly in the second quarter of fiscal 2017. While the company reported a modest 1% decline in comparable store sales, gross margin plunged by 235 basis points year over year. Macy's and Kohl's post better results Macy's and Kohl's also reported that comparable store sales fell in the second quarter.
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It wasn't surprising that Dillard's (NYSE: DDS) performed poorly in the second quarter of fiscal 2017. Although Dillard's posted solid gross margin results in the first quarter, it ended the period with inventory up 4% year over year. While the company reported a modest 1% decline in comparable store sales, gross margin plunged by 235 basis points year over year.
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It wasn't surprising that Dillard's (NYSE: DDS) performed poorly in the second quarter of fiscal 2017. While the company reported a modest 1% decline in comparable store sales, gross margin plunged by 235 basis points year over year. Macy's and Kohl's post better results Macy's and Kohl's also reported that comparable store sales fell in the second quarter.
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719814.0
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2017-08-10 00:00:00 UTC
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What Happened in the Stock Market Today
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https://www.nasdaq.com/articles/what-happened-stock-market-today-2017-08-10
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Stocks fell for the third day in a row amid continued tensions with North Korea, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) accelerating yesterday's downward momentum.
Today's stock market
Data source: Yahoo! Finance.
Gold stocks jumped again as prices for the precious metal soared to a two-month high, helping the Market Vectors Gold Miners ETF (NYSEMKT: GDX) climb 2.1%. Meanwhile, bank stocks suffered through another difficult session, with the SPDR S&P Bank ETF (NYSEMKT: KBE) declining 2.6%.
As for individual stocks, earnings reports from Dillard's (NYSE: DDS) and DineEquity (NYSE: DIN) had shares of the two companies moving in opposite directions today.
Dillard's disappoints with a surprise loss
Shares of Dillard's plunged 15.9% after the department store chain announced weak second-quarter results.
Revenue fell 1.7% year over year to $1.427 billion, including a 1% decline in comparable-store sales. On the bottom line, that translated to a net loss of $17.1 million, or $0.58 per share, compared to net income of $12.1 million, or $0.35 per share in the same year-ago period. Analysts, on average, were expecting Dillard's to generate net income of $0.19 per share on higher revenue of $1.44 billion.
CEO William Dillard explained, "Significant markdowns led to a disappointing loss as we dealt with inventory, which was up 2% at quarter end."
To be fair, that should put Dillard's in a better position heading into the fall and back-to-school season. But given its relative underperformance through the bulk of the summer, it's no surprise to see investors aggressively bidding down the stock today.
DineEquity satisfies with healthy progress
DineEquity stock spiked more than 15% in Thursday's early trading, then settled to close up around 4.1% after the parent company of Applebee's and IHOP revealed significantly better-than-expected second-quarter results.
That's not to say DineEquity's performance looked strong at first glance. Quarterly revenue slumped 3.2% year over year to $155.2 million, including systemwide comparable same-restaurant sales declines of 2.6% at IHOP and 6.2% at Applebee's. Adjusted net income also fell 20.1% to $23 million, while adjusted earnings per diluted share dropped 18.2% to $1.30. But analysts, on average, were only expecting DineEquity to achieve adjusted earnings of $1.17 per share on roughly the same revenue.
"We are investing in the empowerment of our brands by improving overall franchisee financial health, closing underperforming restaurants and enhancing the supply chain," explained DineEquity's chairman and interim CEO, Richard Dahl. "We are focusing on operations and elevating the guest experience, whether in our restaurants or off-premise."
Going forward, Dahl also noted that this year will be a transitional one for Applebee's as DineEquity makes investments in its "overall long-term brand health." As for IHOP, Dahl believes the breakfast-oriented concept "remains on solid ground, despite soft sales during the quarter."
In a separate press release -- and keeping in mind DineEquity's former longtime CEO, Julia Stewart, stepped down in early March -- DineEquity announced the appointment of Steve Joyce as its new CEO, effective Sept. 12, 2017. Joyce previously served as CEO of Choice Hotels , where he helped the company hone its growth strategy, gain significant market share, and expand into new markets.
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Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As for individual stocks, earnings reports from Dillard's (NYSE: DDS) and DineEquity (NYSE: DIN) had shares of the two companies moving in opposite directions today. Stocks fell for the third day in a row amid continued tensions with North Korea, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) accelerating yesterday's downward momentum. CEO William Dillard explained, "Significant markdowns led to a disappointing loss as we dealt with inventory, which was up 2% at quarter end."
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As for individual stocks, earnings reports from Dillard's (NYSE: DDS) and DineEquity (NYSE: DIN) had shares of the two companies moving in opposite directions today. Revenue fell 1.7% year over year to $1.427 billion, including a 1% decline in comparable-store sales. On the bottom line, that translated to a net loss of $17.1 million, or $0.58 per share, compared to net income of $12.1 million, or $0.35 per share in the same year-ago period.
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As for individual stocks, earnings reports from Dillard's (NYSE: DDS) and DineEquity (NYSE: DIN) had shares of the two companies moving in opposite directions today. DineEquity satisfies with healthy progress DineEquity stock spiked more than 15% in Thursday's early trading, then settled to close up around 4.1% after the parent company of Applebee's and IHOP revealed significantly better-than-expected second-quarter results. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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As for individual stocks, earnings reports from Dillard's (NYSE: DDS) and DineEquity (NYSE: DIN) had shares of the two companies moving in opposite directions today. Analysts, on average, were expecting Dillard's to generate net income of $0.19 per share on higher revenue of $1.44 billion. Quarterly revenue slumped 3.2% year over year to $155.2 million, including systemwide comparable same-restaurant sales declines of 2.6% at IHOP and 6.2% at Applebee's.
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65aa6d62-f860-412b-8c17-14288444e21a
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719815.0
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2017-08-10 00:00:00 UTC
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Thursday's ETF with Unusual Volume: MDYV
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DDS
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https://www.nasdaq.com/articles/thursdays-etf-unusual-volume-mdyv-2017-08-10
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The SPDR S&P 400 Mid Cap Value ETF ( MDYV ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 32,000. Shares of MDYV were off about 0.8% on the day.
Components of that ETF with the highest volume on Thursday were Southwestern Energy ( SWN ), trading up about 0.2% with over 12.9 million shares changing hands so far this session, and Endo International ( ENDP ), off about 3.2% on volume of over 8.5 million shares. Live Nation Entertainment ( LYV ) is the component faring the best Thursday, up by about 9.3% on the day, while Dillard's ( DDS ) is lagging other components of the SPDR S&P 400 Mid Cap Value ETF, trading lower by about 16.9%.
VIDEO: Thursday's ETF with Unusual Volume: MDYV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Live Nation Entertainment ( LYV ) is the component faring the best Thursday, up by about 9.3% on the day, while Dillard's ( DDS ) is lagging other components of the SPDR S&P 400 Mid Cap Value ETF, trading lower by about 16.9%. The SPDR S&P 400 Mid Cap Value ETF ( MDYV ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 32,000. Components of that ETF with the highest volume on Thursday were Southwestern Energy ( SWN ), trading up about 0.2% with over 12.9 million shares changing hands so far this session, and Endo International ( ENDP ), off about 3.2% on volume of over 8.5 million shares.
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Live Nation Entertainment ( LYV ) is the component faring the best Thursday, up by about 9.3% on the day, while Dillard's ( DDS ) is lagging other components of the SPDR S&P 400 Mid Cap Value ETF, trading lower by about 16.9%. The SPDR S&P 400 Mid Cap Value ETF ( MDYV ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 32,000. VIDEO: Thursday's ETF with Unusual Volume: MDYV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Live Nation Entertainment ( LYV ) is the component faring the best Thursday, up by about 9.3% on the day, while Dillard's ( DDS ) is lagging other components of the SPDR S&P 400 Mid Cap Value ETF, trading lower by about 16.9%. The SPDR S&P 400 Mid Cap Value ETF ( MDYV ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 32,000. Components of that ETF with the highest volume on Thursday were Southwestern Energy ( SWN ), trading up about 0.2% with over 12.9 million shares changing hands so far this session, and Endo International ( ENDP ), off about 3.2% on volume of over 8.5 million shares.
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Live Nation Entertainment ( LYV ) is the component faring the best Thursday, up by about 9.3% on the day, while Dillard's ( DDS ) is lagging other components of the SPDR S&P 400 Mid Cap Value ETF, trading lower by about 16.9%. The SPDR S&P 400 Mid Cap Value ETF ( MDYV ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 32,000. Shares of MDYV were off about 0.8% on the day.
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2a173450-7cab-4800-b2cb-b53af116f7cf
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719816.0
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2017-08-10 00:00:00 UTC
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Thursday Sector Laggards: Construction Materials & Machinery, Department Stores
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https://www.nasdaq.com/articles/thursday-sector-laggards-construction-materials-machinery-department-stores-2017-08-10
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In trading on Thursday, construction materials & machinery shares were relative laggards, down on the day by about 3.5%. Helping drag down the group were shares of Forterra ( FRTA ), down about 51.3% and shares of Masonite International ( DOOR ) off about 21.9% on the day.
Also lagging the market Thursday are department stores shares, down on the day by about 3.3% as a group, led down by Dillard's ( DDS ), trading lower by about 17.9% and Macy's ( M ), trading lower by about 10%.
VIDEO: Thursday Sector Laggards: Construction Materials & Machinery, Department Stores
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are department stores shares, down on the day by about 3.3% as a group, led down by Dillard's ( DDS ), trading lower by about 17.9% and Macy's ( M ), trading lower by about 10%. In trading on Thursday, construction materials & machinery shares were relative laggards, down on the day by about 3.5%. VIDEO: Thursday Sector Laggards: Construction Materials & Machinery, Department Stores The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are department stores shares, down on the day by about 3.3% as a group, led down by Dillard's ( DDS ), trading lower by about 17.9% and Macy's ( M ), trading lower by about 10%. In trading on Thursday, construction materials & machinery shares were relative laggards, down on the day by about 3.5%. VIDEO: Thursday Sector Laggards: Construction Materials & Machinery, Department Stores The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are department stores shares, down on the day by about 3.3% as a group, led down by Dillard's ( DDS ), trading lower by about 17.9% and Macy's ( M ), trading lower by about 10%. VIDEO: Thursday Sector Laggards: Construction Materials & Machinery, Department Stores The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are department stores shares, down on the day by about 3.3% as a group, led down by Dillard's ( DDS ), trading lower by about 17.9% and Macy's ( M ), trading lower by about 10%. In trading on Thursday, construction materials & machinery shares were relative laggards, down on the day by about 3.5%. Helping drag down the group were shares of Forterra ( FRTA ), down about 51.3% and shares of Masonite International ( DOOR ) off about 21.9% on the day.
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719817.0
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2017-08-07 00:00:00 UTC
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What's in the Cards for Wendy's (WEN) this Earnings Season?
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https://www.nasdaq.com/articles/whats-in-the-cards-for-wendys-wen-this-earnings-season-2017-08-07
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Fast-food chain, The Wendy's CompanyWEN , is slated to release second-quarter 2017 results on Aug 9, before the market opens.
Last quarter, the company delivered a positive earnings surprise of 12.50%. In fact, Wendy's has surpassed estimates in three of the trailing four quarters, with an average positive surprise of 5.63%.
Let's see how things are shaping up for this announcement.
Wendy's Company (The) Price and EPS Surprise
Wendy's Company (The) Price and EPS Surprise | Wendy's Company (The) Quote
Factors to Consider
The first quarter of 2017 marked the 17th consecutive quarter of same-store sales growth for Wendy's, indicating long-term strength and relevance of the brand. We expect the company to maintain the trend in the second quarter, through its solid menu pipeline, limited time offers (LTO), marketing initiatives and increased emphasis on core and price value offerings.
Additionally, increased investments in technology like mobile payment, mobile ordering and customer self-order kiosks are expected to quicken service, resulting in increased customer count. Meanwhile, re-imaging of restaurants is anticipated to increase traffic and drive higher sales.
We note that Wendy's has been witnessing year-over-year revenue decline over the last few quarters due to reduced number of company-operated restaurants, resulting from the company's system optimization initiative. Although the initiative was completed in fourth-quarter 2016, the company experienced a slump in revenues in first-quarter 2017 too. It remains to be seen if the company could realize the benefits of optimization in the to-be-reported quarter or if the trend of declining revenues would continue.
Meanwhile, increased costs related to other sales-boosting initiatives and persistent higher wages, could weigh on margins. Furthermore, a soft consumer spending environment in the U.S. restaurants space might further hurt traffic and thereby comps in the quarter.
Earnings Whispers
Our proven model does not conclusively show earnings beat for Wendy's this quarter. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below.
Zacks ESP: Wendy's has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 13 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Wendy's sports a Zacks Rank #2, which increases the predictive power of ESP. However, the company's 0.00% ESP makes surprise prediction difficult.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revision.
Stocks to Consider
Here are some companies in the broader Retail-Wholesale sector to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
Alibaba Group Holding Limited BABA has an Earnings ESP of +4.11% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3.
Nordstrom, Inc. JWN has an Earnings ESP of +3.28% and a Zacks Rank #3.
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Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
Wendy's Company (The) (WEN): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wendy's Company (The) (WEN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We note that Wendy's has been witnessing year-over-year revenue decline over the last few quarters due to reduced number of company-operated restaurants, resulting from the company's system optimization initiative.
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Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wendy's Company (The) (WEN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Wendy's Company (The) Price and EPS Surprise Wendy's Company (The) Price and EPS Surprise | Wendy's Company (The) Quote Factors to Consider The first quarter of 2017 marked the 17th consecutive quarter of same-store sales growth for Wendy's, indicating long-term strength and relevance of the brand.
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Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wendy's Company (The) (WEN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Wendy's Company (The) Price and EPS Surprise Wendy's Company (The) Price and EPS Surprise | Wendy's Company (The) Quote Factors to Consider The first quarter of 2017 marked the 17th consecutive quarter of same-store sales growth for Wendy's, indicating long-term strength and relevance of the brand.
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Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Wendy's Company (The) (WEN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
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2017-08-05 00:00:00 UTC
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Activist Investors Are Now Shopping at Department Stores
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DDS
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https://www.nasdaq.com/articles/activist-investors-are-now-shopping-department-stores-2017-08-05
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U.S. department store chains have been reporting steady sales declines and a sharp erosion in profitability since the beginning of 2015. Even the best-run companies in the industry have been hurt by plunging mall traffic and off-price retailers' market share gains.
That said, many of the top department store companies have valuable real estate portfolios. The resulting combination of high asset values and weak earnings has drawn the attention of numerous activist investors.
Macy's (NYSE: M) attracted interest from Starboard Value a couple of years ago. However, the activist fund exited the investment earlier this year, as sales declines accelerated at Macy's. More recently, Hudson's Bay (TSX: HBC) and Dillard's (NYSE: DDS) have become targets for real estate-focused activist investors. Let's take a look at whether the activist campaigns at these two companies hold any promise for investors.
A big fight is brewing at Hudson's Bay
In June, Land and Buildings Investment Management announced that it had taken a 4.3% stake in Hudson's Bay. In addition to owning its namesake chain in Canada, Hudson's Bay also owns the upscale Lord & Taylor and Saks Fifth Avenue chains in the U.S., the Gilt and Saks OFF 5th off-price brands, and the Galeria Kaufhof chain in Europe.
In its initial open letter to the Hudson's Bay board, Land and Buildings called for the company to focus on monetizing its real estate . "Hudson's Bay is a real estate company, full stop. If there is a smarter and better use of any or all of the locations, stores should be closed and redeveloped and put toward their optimal use."
This perspective is understandable, given the company's recent track record. Hudson's Bay posted an adjusted loss of more than $237 million last year (based on Aug. 4, exchange rate). So far, it is on pace to report an even bigger loss in 2017.
Management at Hudson's Bay doesn't appear to be changing course, though. The company has gotten appraisals for its valuable flagship stores in Manhattan and formed joint ventures to hold many of its other properties. These joint ventures could one day be spun off as separate companies. However, management has no appetite for closing or downsizing stores just to sell the real estate.
As a result, Land and Buildings is becoming more aggressive. In a new open letter issued last week, the investment firm made specific recommendations for major changes that could boost the company's stock price. It also threatened to start a proxy battle to depose the board of directors if its proposals are ignored.
Dillard's also gets activist interest
Dillard's is also starting to get activist investors' attention for the second time in the past few years. According to Jeffrey Pierce of Snow Park Capital Partners, Dillard's real estate alone could be worth more than $200 per share, or about $6 billion: nearly three times the current stock price.
Snow Park hasn't been quite as explicit as Land and Buildings, but it seems to have a similar point of view. Many of Dillard's stores are in high-value malls, and it could be more profitable to rent out the space to other retailers than for Dillard's to operate its own stores.
Snow Park isn't advocating any drastic moves yet. However, it will probably change its tune if Dillard's financial results continue going downhill .
Hudson's Bay is the better bet for investors
In recent years, Hudson's Bay has gotten outside appraisals pegging the value of its real estate at more than three times its recent stock price. Furthermore, half of that real estate value (net of mortgages) comes from the two Manhattan flagship stores -- and thus isn't tied up in the future of indoor malls.
There is pretty clearly a lot of untapped value at Hudson's Bay. It shouldn't be hard for Land and Buildings to win support from other investors and thereby force management and the board to unlock some of that value through a new real estate strategy.
Dillard's looks like a much less attractive target. First of all, it is still controlled by the Dillard family , which is unlikely to agree to a plan that drastically shrinks or eliminates the retail operations in order to sell or rent out the underlying real estate.
Additionally, Snow Park may be overvaluing Dillard's real estate. In early 2016, Starboard Value pegged the value of Macy's owned non-flagship stores at $117/square foot and its distribution centers at $59/square foot. Applying those valuations, Dillard's real estate would be worth $5.4 billion. But Macy's has significantly better real estate than Dillard's and the recent downturn in mall traffic has probably reduced the value of many of these properties.
Therefore the value of Dillard's real estate is probably closer to $4 billion than Snow Park's $6 billion estimate. There may be some real estate opportunity in Dillard's, but Hudson's Bay is a much juicier target for activist investors -- and individuals who want to come along for the ride.
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Adam Levine-Weinberg owns shares of Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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More recently, Hudson's Bay (TSX: HBC) and Dillard's (NYSE: DDS) have become targets for real estate-focused activist investors. In a new open letter issued last week, the investment firm made specific recommendations for major changes that could boost the company's stock price. According to Jeffrey Pierce of Snow Park Capital Partners, Dillard's real estate alone could be worth more than $200 per share, or about $6 billion: nearly three times the current stock price.
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More recently, Hudson's Bay (TSX: HBC) and Dillard's (NYSE: DDS) have become targets for real estate-focused activist investors. Even the best-run companies in the industry have been hurt by plunging mall traffic and off-price retailers' market share gains. That said, many of the top department store companies have valuable real estate portfolios.
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More recently, Hudson's Bay (TSX: HBC) and Dillard's (NYSE: DDS) have become targets for real estate-focused activist investors. Hudson's Bay is the better bet for investors In recent years, Hudson's Bay has gotten outside appraisals pegging the value of its real estate at more than three times its recent stock price. There may be some real estate opportunity in Dillard's, but Hudson's Bay is a much juicier target for activist investors -- and individuals who want to come along for the ride.
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More recently, Hudson's Bay (TSX: HBC) and Dillard's (NYSE: DDS) have become targets for real estate-focused activist investors. Management at Hudson's Bay doesn't appear to be changing course, though. Dillard's also gets activist interest Dillard's is also starting to get activist investors' attention for the second time in the past few years.
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2017-08-04 00:00:00 UTC
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Fogo de Chao (FOGO) Q2 Earnings: Disappointment in Store?
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DDS
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https://www.nasdaq.com/articles/fogo-de-chao-fogo-q2-earnings%3A-disappointment-in-store-2017-08-04
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Fogo de Chao, Inc.FOGO is set to report its second-quarter 2017 results on Aug 8, after the market closes . In fact, this will mark the leading Brazilian steakhouse's ninth quarterly earnings release since it began trading on NASDAQ in Jun 2015.
Last quarter, the company posted in-line earnings. However, its trailing four-quarter average earnings surprise is a negative 0.41%.
Let's see how things are shaping up for this announcement.
Fogo de Chao, Inc. Price and EPS Surprise
Fogo de Chao, Inc. Price and EPS Surprise | Fogo de Chao, Inc. Quote
Factors to Consider
Fogo de Chao specializes in fire-roasting high-quality meats, using the centuries old Southern Brazilian cooking technique of churrasco. It also offers several varieties of meat − beef, lamb, chicken, pork and seafood − to suit the palate of diners. In fact, the company's unique South American style of cooking on an open flame has helped it gain enormous popularity.
Notably, the top line in the to-be-reported quarter is likely benefit from initiatives like menu innovation, introduction of value platforms, daypart expansion, marketing through various channels, re-imaging of restaurants and unit development efforts. In fact, the company expects its Brazil remodel program to provide a lift to revenue of approximately 2-3% on average.
Meanwhile, the use of social media to increase brand awareness and thereby drive traffic, might also prove incremental to sales. Furthermore, the company's roll out of its most significant bar menu enhancements in the U.S. is expected to bolster revenue growth.
Although the company has been experiencing increased labor costs in relation to specialized training for the various initiatives, labor cost pressure is expected to ease in the to-be-reported quarter.
Meanwhile, higher preopening costs and expenses related to sales initiatives are likely to weigh on second-quarter profits. In addition, a challenging sales environment in the U.S. restaurant space is likely to hurt comps while sales in Brazil are expected to continue reflecting the impact of the sustained economic recession. Also, foreign currency fluctuations may further mar top-line growth.
Earnings Whispers
Our proven model does not conclusively show earnings beat for Fogo de Chao this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below.
Zacks ESP: Fogo de Chao has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 23 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Fogo de Chao carries a Zacks Rank #4 (Sell).
As it is we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revision.
Stocks to Consider
Here are some companies in the broader Retail-Wholesale sector to consider as our model shows that they have the right combination of elements to post earnings beat this quarter:
Alibaba Group Holding Limited BABA has an Earnings ESP of +4.11% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Nordstrom, Inc. JWN has an Earnings ESP of +3.28% and a Zacks Rank #3.
Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
Fogo de Chao, Inc. (FOGO): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Fogo de Chao, Inc. (FOGO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, this will mark the leading Brazilian steakhouse's ninth quarterly earnings release since it began trading on NASDAQ in Jun 2015.
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Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Fogo de Chao, Inc. (FOGO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Fogo de Chao, Inc. Price and EPS Surprise Fogo de Chao, Inc. Price and EPS Surprise | Fogo de Chao, Inc. Quote Factors to Consider Fogo de Chao specializes in fire-roasting high-quality meats, using the centuries old Southern Brazilian cooking technique of churrasco.
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Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Fogo de Chao, Inc. (FOGO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Fogo de Chao, Inc. Price and EPS Surprise Fogo de Chao, Inc. Price and EPS Surprise | Fogo de Chao, Inc. Quote Factors to Consider Fogo de Chao specializes in fire-roasting high-quality meats, using the centuries old Southern Brazilian cooking technique of churrasco.
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Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis Report Fogo de Chao, Inc. (FOGO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Although the company has been experiencing increased labor costs in relation to specialized training for the various initiatives, labor cost pressure is expected to ease in the to-be-reported quarter.
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f5f2acf0-7599-44fe-8e71-b59e752b4149
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719820.0
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2017-08-03 00:00:00 UTC
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5 Retail Stocks with High Earnings Beat Predictability
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DDS
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https://www.nasdaq.com/articles/5-retail-stocks-with-high-earnings-beat-predictability-2017-08-03
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nan
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nan
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The earnings season is in full swing with results from 350 S&P 500 members already out. But Retail-Wholesale sector earnings are yet to gain steam and will take center stage as the reporting cycle nears its last leg. The sector has gained 16.6% so far in the year and has comfortably outperformed the S&P 500 index that advanced 10.7%.
Per the most recent Earnings Outlook , about 39% of the total S&P 500 companies in the sector have reported results, wherein 62.5% beat earnings estimates and 68.8% surpassed revenue expectations. The report also suggests that the sector is expected to record top-line growth of 4% but is likely to witness earnings decline of 1.6% this season.
Thus, though investors are cautious, they are still looking to replenish their portfolio in a favorable economic scenario, with the GDP breezing past the $19 trillion mark. We believe that the encouraging economic data and friendlier fiscal and regulatory policies from the current regime bode well for the sector.
Sector's Correlation with the Economy
The U.S. economy rebounded in the second quarter and more than doubled from the first quarter. A pick-up in consumer spending and an uptick in business investment in software, research and equipment boosted economic growth. Consumer outlays in particular improved on a steady job market and healthier household finances.
Per the Bureau of Economic Analysis, the real gross domestic product (GDP) "advance" estimate for the second quarter of 2017 improved at an annual rate of 2.6% compared with a 1.2% rise witnessed in the preceding quarter. This indicated that the sluggish start to the year was primarily due to seasonal factors such as adverse weather conditions and delay in tax refunds.
Consumer spending, which accounts for about two-thirds of the U.S. economic activity, increased 2.8% in in the second quarter buoyed by the strongest labor market in years. As per reports, the U.S. economy has created over 16 million new jobs since 2010 that has helped lower unemployment rate to 4.4%. In fact, the U.S. job market roared back to life in June, with a better-than-expected 222,000 job additions in the month.
The rebound in oil prices from all-time lows, improving labor market and gradual recovery in the housing market signal that the economy is on a recovery mode. These factors are favorable for retailers and definitely play a crucial role in improving consumer confidence, which rose to 121.1 in July from June's reading of 117.3.
Changing Retail Dynamics
The retail landscape has been witnessing a sea change with the focus gradually shifting to online shopping. This transition in consumer shopping pattern is compelling retailers to fast adapt to the changes in the ecosystem. Retailers now have no option left but to keep pace with the changing retail scenario or get eliminated. They are now focusing more on enhancing their omni-channel capabilities, optimizing store fleet and restructuring activities. We note that U.S. retail sales fell for the second straight month in June (down 0.2%). But sales at non-store retailers inched up 0.4% sequentially and increased 9.2% from the prior-year period.
Likely Winners this Season
The Retail-Wholesale sector has not been an outstanding performer and identifying the winners is definitely a herculean task. Given the numerous stocks in the sector that almost always muddle one's stock-picking prowess, the Zacks methodology could offer some relief. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP , the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
An earnings beat boosts investors' confidence in the stock, which is reflected in its rapid price appreciation. These stocks could therefore turn out to be great additions to your portfolio ahead of their earnings releases.
Dollar General Corporation ( DG ), which is expected to report its second-quarter fiscal 2017 results on Aug 24, is a solid bet with a long-term earnings growth rate of 10.6%. The Zacks Consensus Estimate for the quarter is pegged at $1.08. The company delivered an average positive earnings surprise of 1.4% over the trailing four quarters. This discount retailer has an Earnings ESP of +0.93% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. This fashion apparel, cosmetics, and home furnishing retailer has a Zacks Rank #3 and an Earnings ESP of +30.00%. The Zacks Consensus Estimate for the quarter stands at 10 cents. The company has a long-term earnings growth rate of 2.6%.
Another lucrative option is Nordstrom, Inc. ( JWN ), the fashion specialty retailer, which provides apparel, shoes, cosmetics, and accessories. The stock carries a Zacks Rank #3 and has an Earnings ESP of +3.28%. The Zacks Consensus Estimate for second-quarter fiscal 2017 is pegged at 61 cents. The company registered an average positive earnings surprise of 41% over the trailing four quarters and has a long-term earnings growth rate of 6%. The company is slated to report results on Aug 10.
Another stock that you may consider is L Brands, Inc. ( LB ) with a Zacks Rank #3 and an Earnings ESP of +2.38%. The Zacks Consensus Estimate for second-quarter fiscal 2017 is pegged at 42 cents. The company delivered an average positive earnings surprise of 11.1% over the trailing four quarters and has a long-term earnings growth rate of 11.3%. This specialty retailer of women's intimate and other apparel, beauty and personal care products is slated to report its financial numbers on Aug 16.
Investors can even count on Costco Wholesale Corporation ( COST ) with a Zacks Rank #3 and an Earnings ESP of +0.50%. The Zacks Consensus Estimate for the quarter is pegged at $2.00. The company, which operates membership warehouses, has a long-term earnings growth rate of 9.5%. The company is scheduled to report its fourth-quarter fiscal 2017 results on Oct 5.
These five stocks are not the only ones to bet on. With the help of the Zacks Stock Screener and some permutation and combination, you can find out other retail stocks that have the potential to beat the market.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
L Brands, Inc. (LB): Free Stock Analysis Report
Dollar General Corporation (DG): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dollar General Corporation ( DG ), which is expected to report its second-quarter fiscal 2017 results on Aug 24, is a solid bet with a long-term earnings growth rate of 10.6%.
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Dollar General Corporation ( DG ), which is expected to report its second-quarter fiscal 2017 results on Aug 24, is a solid bet with a long-term earnings growth rate of 10.6%.
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP , the chance of a positive earnings surprise is as high as 70%.
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We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dollar General Corporation ( DG ), which is expected to report its second-quarter fiscal 2017 results on Aug 24, is a solid bet with a long-term earnings growth rate of 10.6%.
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19b5b33f-a582-4e20-ba95-83bbfd6a00a0
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719821.0
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2017-08-03 00:00:00 UTC
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Need Help With Medical Bills?
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DDS
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https://www.nasdaq.com/articles/need-help-medical-bills-2017-08-03
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nan
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nan
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Sixty percent of the nearly one million personal bankruptcies filed
in the United States last year resulted from medical bills.
-- Steven Brill, America's Bitter Pill: Money, Politics, Backroom Deals,
and the Fight to Fix Our Broken Healthcare System (2014)
Most of us know how steep medical bills can be, but Mr. Brill points out just how damaging they often become, leading millions into bankruptcy over the years. Whether you've been a patient in a hospital, or are just struggling to pay healthcare costs despite your health insurance, there are programs that can help.
Here are some ways to get help with medical bills and keep them under control.
Minimize big medical bills
One great strategy is to try to avoid big healthcare bills in the first place. Getting as healthy as you can get, and staying that way, is one way to do so -- but it's not foolproof. Even fit and healthy people can get sick, or suffer injuries.
Being smart about your health insurance is another approach. For example, it can make good sense to get a plan with a high deductible, especially if you're healthy and expect low healthcare bills. Remember, though, that if a health crisis strikes, you'll be on the hook for some hefty cash outlays. Can you afford them? Give that some thought.
Be sure that you understand how your plan works, too. Many plans will cost you less when you see in-network doctors and/or are cared for at in-network facilities. It can pay to be sure that any care you're getting, including diagnostic tests and procedures, is entirely within your network. If a biopsy is sent to an out-of-network pathologist for evaluation, you may receive a surprising bill.
When it comes to prescription drugs, most insurers have lists of drugs that are preferred and for which they'll charge you less. Use that list, and share it with your doctor, so that he or she can keep it in mind when prescribing medicine. Whenever possible, generic alternatives are usually the best bet. It's also worth asking your doctor if he or she has any free samples of prescribed medicine. They often do, and that's free -- often saving patients a small bundle.
Many times, though, you'll do all you can to reduce your healthcare bills, but you can end up with steep bills anyway -- or with the prospect of steep bills around the corner -- for care you know you need. Fortunately, there are some programs and solutions that can help. (And remember, too, that many medical expenses may end up as tax deductions , especially if they're substantial.)
Check for errors!
The first thing to do if you're holding a steep healthcare bill is to examine it closely for errors. It's not uncommon at all for there to be mistakes that many people will not see, and will just pay for without realizing it. According to U.S. News and World Report: "A surprisingly large proportion of medical bills contain clerical errors that result in overcharges -- anywhere from 50% to 80% -- depending on who you ask. A recent NerdWallet analysis found that 49% of Medicare claims had errors, while medical billing advocates will tell you 80% of the claims they analyze have errors."
The folks at NerdWallet found common errors to include duplicate charges, canceled tests or procedures, incorrect quantities, and "upcoding" -- which is illegal, but happens anyway. This occurs when a provider, such as a hospital, enters a code for a higher-level (and more costly) service than the one you received.
Negotiate
Hospital and doctor bills are not set in stone. Many providers are willing to negotiate with you -- especially if it means getting paid something instead of getting paid nothing. It won't always work, but it's usually worth trying to get your bill reduced.
It can help to research what a typical cost is for a certain service, and then ask to be charged that. You may even be able to negotiate with your health-insurance company -- and at least get an extended payment plan. Some providers may be willing to accept less if you simply offer what you can pay today, as it will assure them of some payment, and save them the trouble of chasing payment later.
Don't expect them to accept $10 instead of $5,000, though. Get a copy in writing of any agreement reached. Providers or insurers may be able to connect you with helpers, such as social workers, who can help you, too.
Seek assistance in disputes
If you're not coming to any agreement in a dispute over healthcare costs, you might contact your state's insurance commissioner. They can often help -- or they might be able to steer you to some help.
The Affordable Care Act (Obamacare)
As I write this, Obamacare is under attack and may soon not exist in its current form, if at all. But for now, it does, and it can be a great help, offering a range of plans and subsidies for those who need help paying for premiums. Click over to www.healthcare.gov and learn about plans available to you, and when you can sign up. For most people, the Open Enrollment Period for a 2018 plan runs from November 1, 2017 to December 15, 2017.
Hospital care
Hospitals are not all alike. Some are for-profit and some are non-profit. You can probably guess which kind is most likely to offer free or reduced-cost care for those who need it.
It's best to look into what help is available before you check in to a hospital, so do some digging early, if you can. Even for-profit hospitals may have some kind of program to alleviate the financial burden of medical bills, or some kind of discounted-care program.
Prescription help
Yes, some medications cost an arm and a leg. Know, though, that some of the companies that make and sell these drugs also have programs to help financially strapped people -- typically ones without prescription-drug coverage -- get medicine for free, or at a reduced rate.
You might have to check with each company, and you may end up needing your physician to fill out and send in some forms for you. Two sites that can be of particular help: RXAssist.org and Partnership for Prescription Assistance . Also, check out The Assistance Fund and the Patient Access Network Foundation (PAN) .
Specific diseases
If your steep medical bills are due to your dealing with a particular disease, there may be organizations or programs that can help you. A little Googling online can turn up some possibilities. Below are some examples of organizations or programs that help people deal with certain diseases, as well as some that offer broader aid, generally for people of limited financial means:
Source: qlinkwireless.com.
Dental care
If you're elderly, disabled, or not well, you may qualify for free or discounted dental care from the Donated Dental Services (DDS) program , which is a network of more than 15,000 dentists nationwide.
Vision care
If you are, or your child is, aged 18 or younger, and either one of you is uninsured and in a low-income household, you may be able to get free vision examinations and glasses from Sight for Students . EyeCare America , Vision USA , and New Eyes for the Needy offer eye care from volunteer eye specialists and/or glasses to qualifying people. If you can't afford cataract surgery, Mission Cataract USA may offer it to you.
Hearing care
You can look into available help with hearing problems via the Hearing Loss Association of America, and if you are or care for someone aged 19 or younger with a hearing or listening aid, you may qualify for financial help from The HIKE Fund .
Find available assistance
There are many more programs to help those struggling with medical bills -- and facing other problems, too. You can (anonymously!) look up government benefits (both federal and state) that you might qualify for by visiting Benefits.gov . Social workers specializing in healthcare issues may be able to help, too.
Hire an advocate
There are people you can hire -- medical billing advocates and private patient advocates -- who can do a lot of the work negotiating with healthcare providers to resolve steep bills. Some can help oversee your care, too, as they know lots of ways to improve your care, such as finding clinical trials you might qualify for, or monitoring your bedside care, or even helping you with decisions you're asked to make.
They don't generally work for free, though, and they may charge you a percentage of what they save you, or hundreds or thousands of dollars. Even so, that can be well worth it, as they can improve your care, take a lot of work and worry off your plate, and save you more than they cost you.
Crowdfunding
This may seem like an extreme step, and it may feel uncomfortable, but if you're really stuck, you might appeal to the generosity of strangers through a crowdfunding site such as GoFundMe and YouCaring . Try to spread word of your campaign online, in order to reach as many possible helpers as possible.
Fund an emergency fund
Finally, a great way to be able to pay surprisingly large medical bills is to be prepared for the possibility of them -- by having a fully stocked emergency fund. It's generally advised that such a fund hold at least three to nine months' worth of all your living expenses, including housing, food, transportation, utilities, etc. It can save you if you experience a sudden job loss -- or also a medical emergency.
Clearly, there is a lot of assistance available if you need help paying your medical bills. Finding the help you need is easier said than done, though, so the list of resources and suggestions above should help.
The $16,122 Social Security bonus most retirees completely overlook
If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,122 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how to learn more about these strategies .
The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dental care If you're elderly, disabled, or not well, you may qualify for free or discounted dental care from the Donated Dental Services (DDS) program , which is a network of more than 15,000 dentists nationwide. According to U.S. News and World Report: "A surprisingly large proportion of medical bills contain clerical errors that result in overcharges -- anywhere from 50% to 80% -- depending on who you ask. The folks at NerdWallet found common errors to include duplicate charges, canceled tests or procedures, incorrect quantities, and "upcoding" -- which is illegal, but happens anyway.
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Dental care If you're elderly, disabled, or not well, you may qualify for free or discounted dental care from the Donated Dental Services (DDS) program , which is a network of more than 15,000 dentists nationwide. EyeCare America , Vision USA , and New Eyes for the Needy offer eye care from volunteer eye specialists and/or glasses to qualifying people. Hire an advocate There are people you can hire -- medical billing advocates and private patient advocates -- who can do a lot of the work negotiating with healthcare providers to resolve steep bills.
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Dental care If you're elderly, disabled, or not well, you may qualify for free or discounted dental care from the Donated Dental Services (DDS) program , which is a network of more than 15,000 dentists nationwide. Many times, though, you'll do all you can to reduce your healthcare bills, but you can end up with steep bills anyway -- or with the prospect of steep bills around the corner -- for care you know you need. Even for-profit hospitals may have some kind of program to alleviate the financial burden of medical bills, or some kind of discounted-care program.
|
Dental care If you're elderly, disabled, or not well, you may qualify for free or discounted dental care from the Donated Dental Services (DDS) program , which is a network of more than 15,000 dentists nationwide. Whether you've been a patient in a hospital, or are just struggling to pay healthcare costs despite your health insurance, there are programs that can help. Even for-profit hospitals may have some kind of program to alleviate the financial burden of medical bills, or some kind of discounted-care program.
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554cacdc-c520-458e-b40a-d1d3476849ed
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719822.0
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2017-08-02 00:00:00 UTC
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Potbelly (PBPB) Q2 Earnings: Is a Disappointment in Store?
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DDS
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https://www.nasdaq.com/articles/potbelly-pbpb-q2-earnings%3A-is-a-disappointment-in-store-2017-08-02
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nan
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nan
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Potbelly CorporationPBPB is set to report second-quarter fiscal 2017 results on Aug 4, after the market closes .
Last quarter, the company delivered a positive earnings surprise of 25.00%. In fact, this Chicago-based casual-dining restaurant's earnings outpaced the Zacks Consensus Estimate in all of the trailing four quarters, with an average beat of 46.07%.
Let's see how things are shaping up for this announcement.
Potbelly Corporation Price and EPS Surprise
Potbelly Corporation Price and EPS Surprise | Potbelly Corporation Quote
Factors to Consider
Potbelly had been reporting positive comps over the last few quarters. But the challenging operating environment in the U.S. restaurants space led to a decline in comps in first-quarter fiscal 2017. In fact, this difficult industry backdrop continues to persist and is expected to affect the to-be-reported quarter's results too.
Nevertheless, Potbelly persists to undertake several initiatives that can aid in navigating through the tough environment. Evidently, it continues to develop a pipeline that will complement its core menu, while maintaining its operational efficiency. Further, the company has been using catering coordinators to manage its back-line operations and canvas business outside to drive sales. Notably, Potbelly's continuous expansions add greatly to the top line and are also expected to do so in the to-be-reported quarter.
Moreover, the company's investment in technology like its new app, which was launched in the fiscal first quarter, is also expected to boost growth across its business through increased convenience. Additionally, the recent launch of its customer engagement program - Potbelly Perks -should drive traffic as it enhances consumer loyalty.
However, increased labor expenses due to minimum wage increases across some of the markets in which the company operates, might prove to be a headwind. We note that the company's rising cost structure is likely to hurt margins in the fiscal second quarter.
Potbelly also expects the recent shut down of its MidwayInternationalAirport outlet to pose a large threat to its business in the quarter, as it was the highest volume location.
Earnings Whispers
Our proven model does not conclusively show earnings beat for Potbelly this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as elaborated below.
Zacks ESP: Potbelly has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 12 cents per share. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Potbelly has a Zacks Rank #4 (Sell).
As it is we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies in the broader Retail-Wholesale sector to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
Alibaba Group Holding Limited BABA has an Earnings ESP of +4.11% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
YUM! Brands, Inc. YUM has an Earnings ESP of +1.64% and a Zacks Rank #2.
Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
Yum! Brands, Inc. (YUM): Free Stock Analysis Report
Potbelly Corporation (PBPB): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Brands, Inc. (YUM): Free Stock Analysis Report Potbelly Corporation (PBPB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, this Chicago-based casual-dining restaurant's earnings outpaced the Zacks Consensus Estimate in all of the trailing four quarters, with an average beat of 46.07%.
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Brands, Inc. (YUM): Free Stock Analysis Report Potbelly Corporation (PBPB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Potbelly Corporation Price and EPS Surprise Potbelly Corporation Price and EPS Surprise | Potbelly Corporation Quote Factors to Consider Potbelly had been reporting positive comps over the last few quarters.
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Brands, Inc. (YUM): Free Stock Analysis Report Potbelly Corporation (PBPB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Potbelly Corporation Price and EPS Surprise Potbelly Corporation Price and EPS Surprise | Potbelly Corporation Quote Factors to Consider Potbelly had been reporting positive comps over the last few quarters.
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Dillard's, Inc. DDS has an Earnings ESP of +30.00% and a Zacks Rank #3. Brands, Inc. (YUM): Free Stock Analysis Report Potbelly Corporation (PBPB): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company's investment in technology like its new app, which was launched in the fiscal first quarter, is also expected to boost growth across its business through increased convenience.
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0e4537dc-39e6-4fa9-8f9e-86915037dfe0
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719823.0
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2017-07-31 00:00:00 UTC
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Dillard's Stock Is Soaring: Stay Far Away
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DDS
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https://www.nasdaq.com/articles/dillards-stock-soaring-stay-far-away-2017-07-31
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nan
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nan
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Thus far, 2017 has been a bad year for department stores. Weak sales results and concerns about competition sent most department store stocks plunging in the first several months of the year.
However, department store stocks have started to bounce back in the past few months. For example, Kohl's (NYSE: KSS) stock has recovered almost half of its losses for the year since early June. But shares of regional department store Dillard's (NYSE: DDS) have gone much higher. Since hitting a multi-year low in mid-May, Dillard's stock has soared more than 70%.
Dillard's vs. Kohl's YTD Stock Performance, data by YCharts .
This doesn't reflect strong operating performance. Instead, Dillard's seems to be experiencing a massive " short squeeze ," as investors who shorted Dillard's stock are rushing in a panic to cover their positions. There's no telling when the short squeeze will end, so Dillard's stock could have more upside. But once the panic buying ends, Dillard's share price will probably plunge again.
Earnings power melts away
A few years ago, Dillard's stock was soaring for good reason. Through a combination of careful inventory management and stingy capital spending, Dillard's consistently posted strong free cash flow. It then used most of that cash to buy back stock. As a result, its share count has declined by nearly 60% since the beginning of 2010, which has boosted earnings per share.
This strategy was effective as long as net income and free cash flow were rising -- or at least stable. However, adjusted net income peaked at $328 million in fiscal year 2014. Since then, steady declines in sales have whittled away the company's earnings power.
Dillard's posted a 2% year-over-year comp sales decline in fiscal year 2015, followed by a 5% decline in fiscal year 2016. As a result, adjusted net income plunged to just $173 million last year.
First-quarter results: Not terrible, but not great
In the first quarter of 2017, Dillard's comp sales decreased 4%, and net income fell to $66.3 million from $77.4 million a year earlier. Thanks to the company's share buybacks, EPS barely budged, slipping to $2.12 from $2.17 a year earlier. Despite these fairly respectable results, Dillard's stock cratered after the earnings report came out, as poor results from department store giant Macy's spooked investors.
Kohl's also posted disappointing sales results for the first quarter, with comp sales down 2.7%. However, adjusted EPS soared 26% year over year, the result of a combination of higher gross margin, solid cost control, and a lower share count.
Kohl's stock also declined following its Q1 earnings report, even though its EPS of $0.39 came in well ahead of the average analyst estimate of $0.29. This was pretty clearly an overreaction on investors' part, paving the way for a rebound.
Runaway gains for Dillard's
Sure enough, Kohl's stock has marched more than 15% higher since mid-June, recovering all of its post-earnings losses. Initially, Dillard's stock followed a relatively similar trajectory. However, in the past three weeks, it suddenly zoomed higher, surging from a closing price of $54.02 on July 10 to $78.87 by the end of last week.
This has the look of a classic short squeeze. In recent months, more than half of Dillard's "float" -- its publicly-traded shares -- have been sold short. Thus, there aren't many shares available for purchase to meet the potential demand if short-sellers stampede for the exits.
In this short-squeeze scenario, the stock's fundamentals don't matter much. If Dillard's stock price rises far enough, many short-sellers will get margin calls from their brokers. Unless they have more capital available to cover their losses, they will be forced to close out their positions -- no matter how overvalued the stock may appear to be.
The gains won't last
Right now, Dillard's stock trades for nearly 17 times its projected 2017 earnings. This seems rather high for a company with declining revenue and earnings. Given management's reluctance to make significant investments in the business, Dillard's isn't likely to make a comeback in the foreseeable future.
Despite this poor outlook for Dillard's, it's too dangerous to short the stock. The ongoing short squeeze could easily drive Dillard's stock to even more irrational levels.
On the other hand, buying Dillard's shares here would be extremely risky. The stock seems overvalued already, so once the short squeeze ends -- whenever that is -- Dillard's shares are likely to fall back to earth. Investors should just avoid this roller-coaster stock entirely.
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Adam Levine-Weinberg owns shares of Kohl's and Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But shares of regional department store Dillard's (NYSE: DDS) have gone much higher. Weak sales results and concerns about competition sent most department store stocks plunging in the first several months of the year. Through a combination of careful inventory management and stingy capital spending, Dillard's consistently posted strong free cash flow.
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But shares of regional department store Dillard's (NYSE: DDS) have gone much higher. Dillard's posted a 2% year-over-year comp sales decline in fiscal year 2015, followed by a 5% decline in fiscal year 2016. First-quarter results: Not terrible, but not great In the first quarter of 2017, Dillard's comp sales decreased 4%, and net income fell to $66.3 million from $77.4 million a year earlier.
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But shares of regional department store Dillard's (NYSE: DDS) have gone much higher. Instead, Dillard's seems to be experiencing a massive " short squeeze ," as investors who shorted Dillard's stock are rushing in a panic to cover their positions. Despite these fairly respectable results, Dillard's stock cratered after the earnings report came out, as poor results from department store giant Macy's spooked investors.
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But shares of regional department store Dillard's (NYSE: DDS) have gone much higher. This doesn't reflect strong operating performance. But once the panic buying ends, Dillard's share price will probably plunge again.
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a082ea5e-dfc3-4a3b-928c-2e14ccdc4c62
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719824.0
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2017-07-26 00:00:00 UTC
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Dillard's (DDS) Catches Eye: Stock Gains 8.2% in Session
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DDS
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https://www.nasdaq.com/articles/dillards-dds-catches-eye%3A-stock-gains-8.2-in-session-2017-07-26
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nan
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nan
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Dillard's, Inc.DDS was a big mover last session, as its shares rose over 8% on the day. The move came after a new report suggested that the stock appears to be heading for an "infinity squeeze" akin to Volkswagen's legendary short squeeze in 2008. This led to too far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 34% in the past one-month time frame.
The company has seen one negative estimate revision in the last 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Dillard's currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Dillard's, Inc. Price
Dillard's, Inc. Price | Dillard's, Inc. Quote
A better-ranked stock in the broader Retail-Wholesale space is Aaron's, Inc. AAN , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is DDS going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaries,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Aaron's, Inc. (AAN): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc.DDS was a big mover last session, as its shares rose over 8% on the day. Is DDS going up? Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS was a big mover last session, as its shares rose over 8% on the day. Is DDS going up?
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Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS was a big mover last session, as its shares rose over 8% on the day. Is DDS going up?
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Click to get this free report Aaron's, Inc. (AAN): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS was a big mover last session, as its shares rose over 8% on the day. Is DDS going up?
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676dd8c7-5a39-4726-a822-7e2edf29c942
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719825.0
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2017-07-25 00:00:00 UTC
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Dillard's (DDS) Stock Soars on Report of Imminent "Infinity Squeeze"
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DDS
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https://www.nasdaq.com/articles/dillards-dds-stock-soars-report-imminent-infinity-squeeze-2017-07-25
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nan
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nan
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Shares of Dillard's DDS soared more than 8% in morning trading Tuesday after a new report suggested that the stock appears to be heading for an "infinity squeeze" akin to Volkswagen's VLKAY legendary short squeeze in 2008.
According to Richard Pearson of MOXReports , a combination of alarmingly high short interest and a lack of shares available for purchase could lead to a short squeeze of epic proportions on DDS.
"It seems that this 'double whammy' of rising short against falling float had escaped the attention of short sellers who should have been paying attention," Pearson wrote.
"The third leg of this 'triple whammy' is this: Of the 12.88 million share float, as much as 6 million shares are in the hands of index funds (including Blackrock, Vanguard and others) who are typically unable to sell in meaningful size, even when the share price rises sharply."
Pearson points to a series of relatively unnoticed share buybacks by Dillard's as the cause for the reduced float. Citing Bloomberg figures, he notes that this has caused short interest to rise to 69.9% of float, and his thesis suggests that short sellers will be hard-pressed to cover given the limited supply of available shares.
Hypothetically, this would mean that existing holders could hold out for significantly higher prices as shorts look to close their positions.
It is also worth noting that Dillard's short interest ratio-also known as days to cover-is above eight days right now . In other words, it would take short sellers roughly eight days to close out of all of their positions assuming normal volume levels. Not exactly an enviable position, and something that could create a dreaded "short squeeze" in the process.
A typical short squeeze happens when a positive development suggests that a turnaround is on the horizon for a heavily-shorted stock. If a stock starts to rise rapidly, shorts will want out of their positions, and if enough shorts buy back the stock, its price moves even higher.
For more information on how short squeezes work, check out this recent episode of the Dutram Report podcast, hosted by Zacks ETF Strategist Eric Dutram:
In his report, Pearson compares the current situation with Dillard's to that of Volkswagen in October 2008. In what would become one of the most incredible short squeezes of all time, Volkswagen's stock skyrocketed nearly 400% in a matter of days, briefly making the German automaker the most valuable company in the world.
How did this happen? Well, earlier that year, Porsche-which owned about 31% of VW-publicly stated that it did not intend to increase its stake. The German state of Lower Saxony owned about 20% of VW at the time, and Porsche presumably thought it would be too costly or difficult to acquire the other shares on the market.
However, in late October, Porsche revealed that it actually did up its stake to about 74% of shares outstanding. With about 13% of the company on loan to short sellers, the market had a big math problem, and shorts incurred billions of dollars in losses.
In the case of Dillard's, Pearson is arguing that the company's own share buybacks have created a situation that is akin to Porsche's surprising decision to buy up all of Volkswagen's available shares.
Pearson's full report is interesting, and I would encourage readers to check it out if they are interested in hearing more about his theory. There are several elements of the Dillard's situation that are characteristically different than the Volkswagen situation, but if Pearson's math is correct, he could be on to something.
Want morestock market analysisfrom this author? Make sure to follow @ Ryan_McQueeney on Twitter!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
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Volkswagen AG (VLKAY): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's DDS soared more than 8% in morning trading Tuesday after a new report suggested that the stock appears to be heading for an "infinity squeeze" akin to Volkswagen's VLKAY legendary short squeeze in 2008. According to Richard Pearson of MOXReports , a combination of alarmingly high short interest and a lack of shares available for purchase could lead to a short squeeze of epic proportions on DDS. Click to get this free report Volkswagen AG (VLKAY): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Volkswagen AG (VLKAY): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's DDS soared more than 8% in morning trading Tuesday after a new report suggested that the stock appears to be heading for an "infinity squeeze" akin to Volkswagen's VLKAY legendary short squeeze in 2008. According to Richard Pearson of MOXReports , a combination of alarmingly high short interest and a lack of shares available for purchase could lead to a short squeeze of epic proportions on DDS.
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Shares of Dillard's DDS soared more than 8% in morning trading Tuesday after a new report suggested that the stock appears to be heading for an "infinity squeeze" akin to Volkswagen's VLKAY legendary short squeeze in 2008. Click to get this free report Volkswagen AG (VLKAY): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. According to Richard Pearson of MOXReports , a combination of alarmingly high short interest and a lack of shares available for purchase could lead to a short squeeze of epic proportions on DDS.
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Shares of Dillard's DDS soared more than 8% in morning trading Tuesday after a new report suggested that the stock appears to be heading for an "infinity squeeze" akin to Volkswagen's VLKAY legendary short squeeze in 2008. According to Richard Pearson of MOXReports , a combination of alarmingly high short interest and a lack of shares available for purchase could lead to a short squeeze of epic proportions on DDS. Click to get this free report Volkswagen AG (VLKAY): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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74540175-4cfb-4670-abf9-4d3a142d4588
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719826.0
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2017-07-24 00:00:00 UTC
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Commit To Buy Dillard's At $67.50, Earn 30.3% Annualized Using Options
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DDS
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https://www.nasdaq.com/articles/commit-buy-dillards-6750-earn-303-annualized-using-options-2017-07-24
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nan
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nan
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $67.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $67.50 strike, which has a bid at the time of this writing of $6.50. Collecting that bid as the premium represents a 9.6% return against the $67.50 commitment, or a 30.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $67.50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Dillard's Inc. sees its shares decline 0.6% and the contract is exercised (resulting in a cost basis of $61.00 per share before broker commissions, subtracting the $6.50 from $67.50), the only upside to the put seller is from collecting that premium for the 30.3% annualized rate of return.
Worth considering, is that the annualized 30.3% figure actually exceeds the 0.4% annualized dividend paid by Dillard's Inc. by 29.9%, based on the current share price of $67.37. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 0.62% to reach the $67.50 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Dillard's Inc., and highlighting in green where the $67.50 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the November put at the $67.50 strike for the 30.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Dillard's Inc. (considering the last 251 trading day closing values as well as today's price of $67.37) to be 46%. For other put options contract ideas at the various different available expirations, visit the DDS Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Monday, the put volume among S&P 500 components was 805,835 contracts, with call volume at 805,835, for a put:call ratio of 0.70 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $67.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $67.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $67.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield. Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $67.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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7ca1f9e9-fca0-42b0-86dd-991c2f0ed073
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719827.0
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2017-07-21 00:00:00 UTC
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Notable Friday Option Activity: NAT, VFC, DDS
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DDS
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https://www.nasdaq.com/articles/notable-friday-option-activity-nat-vfc-dds-2017-07-21
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nordic American Tankers Ltd (Symbol: NAT), where a total volume of 7,782 contracts has been traded thus far today, a contract volume which is representative of approximately 778,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 85% of NAT's average daily trading volume over the past month, of 915,010 shares. Especially high volume was seen for the $7 strike put option expiring July 21, 2017 , with 3,011 contracts trading so far today, representing approximately 301,100 underlying shares of NAT. Below is a chart showing NAT's trailing twelve month trading history, with the $7 strike highlighted in orange:
VF Corp. (Symbol: VFC) options are showing a volume of 21,194 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 82.2% of VFC's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $57.50 strike put option expiring August 18, 2017 , with 6,581 contracts trading so far today, representing approximately 658,100 underlying shares of VFC. Below is a chart showing VFC's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
And Dillard's Inc. (Symbol: DDS) saw options trading volume of 6,979 contracts, representing approximately 697,900 underlying shares or approximately 74.3% of DDS's average daily trading volume over the past month, of 938,790 shares. Particularly high volume was seen for the $80 strike call option expiring August 18, 2017 , with 1,018 contracts trading so far today, representing approximately 101,800 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for NAT options , VFC options , or DDS options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $80 strike call option expiring August 18, 2017 , with 1,018 contracts trading so far today, representing approximately 101,800 underlying shares of DDS. Below is a chart showing VFC's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Dillard's Inc. (Symbol: DDS) saw options trading volume of 6,979 contracts, representing approximately 697,900 underlying shares or approximately 74.3% of DDS's average daily trading volume over the past month, of 938,790 shares. Below is a chart showing DDS's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for NAT options , VFC options , or DDS options , visit StockOptionsChannel.com.
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Below is a chart showing VFC's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Dillard's Inc. (Symbol: DDS) saw options trading volume of 6,979 contracts, representing approximately 697,900 underlying shares or approximately 74.3% of DDS's average daily trading volume over the past month, of 938,790 shares. Particularly high volume was seen for the $80 strike call option expiring August 18, 2017 , with 1,018 contracts trading so far today, representing approximately 101,800 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for NAT options , VFC options , or DDS options , visit StockOptionsChannel.com.
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Below is a chart showing VFC's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Dillard's Inc. (Symbol: DDS) saw options trading volume of 6,979 contracts, representing approximately 697,900 underlying shares or approximately 74.3% of DDS's average daily trading volume over the past month, of 938,790 shares. Particularly high volume was seen for the $80 strike call option expiring August 18, 2017 , with 1,018 contracts trading so far today, representing approximately 101,800 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for NAT options , VFC options , or DDS options , visit StockOptionsChannel.com.
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Below is a chart showing VFC's trailing twelve month trading history, with the $57.50 strike highlighted in orange: And Dillard's Inc. (Symbol: DDS) saw options trading volume of 6,979 contracts, representing approximately 697,900 underlying shares or approximately 74.3% of DDS's average daily trading volume over the past month, of 938,790 shares. Particularly high volume was seen for the $80 strike call option expiring August 18, 2017 , with 1,018 contracts trading so far today, representing approximately 101,800 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for NAT options , VFC options , or DDS options , visit StockOptionsChannel.com.
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38e84fbe-3c9d-4f9b-97df-7f799ec0fe86
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719828.0
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2017-07-18 00:00:00 UTC
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Options Traders Expect Huge Moves in Dillard's (DDS) Stock
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DDS
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https://www.nasdaq.com/articles/options-traders-expect-huge-moves-in-dillards-dds-stock-2017-07-18
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nan
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nan
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Investors in Dillard's, Inc.DDS need to pay close attention to the stock based on moves in the options market lately. That is because the July 21 st , 2017 $45 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Dillard's shares, but what is the fundamental picture for the company? Currently, Dillard's is a Zacks Rank #3 (Hold) in the Retail - Regional Department Storesindustry that ranks in the Bottom 13% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 9 cents per share to 10 cents in that period.
Given the way analysts feel about Dillard's right now, this huge implied volatility could mean there's a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Each week, our very own Dave Bartosiak gives his top options trades. Check out his recent live analysis and options trade for the TSLA earnings report completely free. See it here: Tesla Earnings Preview with Options Trade Ideas or check out the embedded video below for more details:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Dillard's, Inc.DDS need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Investors in Dillard's, Inc.DDS need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Dillard's, Inc.DDS need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Dillard's, Inc.DDS need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
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719829.0
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2017-07-17 00:00:00 UTC
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Zacks.com featured highlights: Dean Foods, Barnes & Noble, Brookdale Senior Living, Dillard's and Plains GP Holdings
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DDS
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https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-dean-foods-barnes-noble-brookdale-senior-living-dillards
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For Immediate Release
Chicago, IL - July 17, 2017 - Stocks in this week's article include Dean Foods Company (NYSE: DF - Free Report ), Barnes & Noble, Inc. (NYSE: BKS - Free Report ), Brookdale Senior Living Inc. (NYSE: BKD - Free Report ), Dillard's Inc. (NYSE: DDS - Free Report ) and Plains GP Holdings, L.P. (NYSE: PAGP - Free Report ).
Screen of the Week of Zacks Investment Research:
5 Broker-Favorite Stocks Your Portfolio Must Have
As the second-quarter reporting cycle gets underway, investors would look to add stocks that have the potential to surpass earnings expectations in the quarter. This is because an earnings beat generally leads to stock price appreciation.
Investors, after all, are driven by the sole objective of generating handsome returns from their portfolio. None of them want their hard-earned money to go down the drain.
However, the task of including potential outperformers in one's portfolio is not an easy one. In fact, equity market tricks are not easy to master with a deluge of stocks flooding the space at any point of time. The task becomes even more daunting when one tries to select a winning portfolio without proper guidance. Given time constraints, it is in the best interest of investors to be guided by experts in the field.
Seek Broker Advice
The concerned experts are brokers. Generally, three types of brokers (sell-side, buy-side and independent) are present in the investment world, with sell-side analysts being most common. They are employed by various brokerage firms to provide unbiased opinion to investors on the stocks under their coverage after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors. Brokers, irrespective of their types, do intense research on stocks in their coverage before coming up with recommendations.
Brokers/analysts attend company conference calls/presentations and scrutinize every detail available publicly before advising investors about their course of action (buy, sell or hold a stock).
Be Guided by Earnings Estimate Revisions
Brokers arrive at their recommendation on a stock after thoroughly analyzing the nitty-gritty. Therefore, it is natural for investors, on seeing brokers improve their recommendation on a particular stock, to believe that there is a solid reason/logic behind it. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons - favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario. To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Revenue Performance is Important
While we have talked about the bottom line in detail, the top line (revenue portion) cannot be ignored. Actually, according to many market watchers a revenue beat is more creditable for a company than a mere earnings outperformance, especially in an environment of revenue weakness due to macroeconomic headwinds like a strong dollar or lackluster demand for travel (which will hurt travel-focused companies).
To address top-line concerns, we have included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75 : This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10 : The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5 : A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days : Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000 : This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com : This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
Dean Foods Company (NYSE: DF - Free Report ), based in Dallas, TX, is a leading processor and distributor of milk and other dairy products in the U.S. as well as a leading manufacturer of various specialty food products. This Zacks Rank #3 (Hold) company has a healthy 11% expected EPS growth rate for 3-5 years.
Barnes & Noble, Inc. (NYSE: BKS - Free Report ), is a leading U.S. retail bookseller as well as a prominent retailer of content and educational products. Earnings per share for the current year are projected to increase 30.23% on a year-over-year basis. The company carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Brentwood, TN-based Brookdale Senior Living Inc. (NYSE: BKD - Free Report ) is a leading owner and operator of senior living facilities throughout the United States. Currently, the company has a Zacks Rank #3 and an expected EPS growth rate of 13% for the next 3-5 years.
Dillard's Inc. (NYSE: DDS - Free Report ) is a large departmental store chain featuring fashion apparel and home furnishings. The Zacks Consensus Estimate for the current quarter has increased 1 cent to 10 cents per share over the last month. The stock carries a Zacks Rank #3.
Plains GP Holdings, L.P. (NYSE: PAGP - Free Report ) , through its subsidiaries, is involved primarily in the transportation, storage and marketing of crude oil and refined products. The Zacks Consensus Estimate for this Zacks Rank #3 stock has increased 2 cents to 24 cents per share over the last seven days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dean Foods Company (DF): Free Stock Analysis Report
Barnes & Noble, Inc. (BKS): Free Stock Analysis Report
Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Plains Group Holdings, L.P. (PAGP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc. (NYSE: DDS - Free Report ) is a large departmental store chain featuring fashion apparel and home furnishings. For Immediate Release Chicago, IL - July 17, 2017 - Stocks in this week's article include Dean Foods Company (NYSE: DF - Free Report ), Barnes & Noble, Inc. (NYSE: BKS - Free Report ), Brookdale Senior Living Inc. (NYSE: BKD - Free Report ), Dillard's Inc. (NYSE: DDS - Free Report ) and Plains GP Holdings, L.P. (NYSE: PAGP - Free Report ). Get the full Report on DF - FREE Get the full Report on BKS - FREE Get the full Report on BKD - FREE Get the full Report on DDS - FREE Get the full Report on PAGP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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For Immediate Release Chicago, IL - July 17, 2017 - Stocks in this week's article include Dean Foods Company (NYSE: DF - Free Report ), Barnes & Noble, Inc. (NYSE: BKS - Free Report ), Brookdale Senior Living Inc. (NYSE: BKD - Free Report ), Dillard's Inc. (NYSE: DDS - Free Report ) and Plains GP Holdings, L.P. (NYSE: PAGP - Free Report ). Get the full Report on DF - FREE Get the full Report on BKS - FREE Get the full Report on BKD - FREE Get the full Report on DDS - FREE Get the full Report on PAGP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Dean Foods Company (DF): Free Stock Analysis Report Barnes & Noble, Inc. (BKS): Free Stock Analysis Report Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Plains Group Holdings, L.P. (PAGP): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - July 17, 2017 - Stocks in this week's article include Dean Foods Company (NYSE: DF - Free Report ), Barnes & Noble, Inc. (NYSE: BKS - Free Report ), Brookdale Senior Living Inc. (NYSE: BKD - Free Report ), Dillard's Inc. (NYSE: DDS - Free Report ) and Plains GP Holdings, L.P. (NYSE: PAGP - Free Report ). Get the full Report on DF - FREE Get the full Report on BKS - FREE Get the full Report on BKD - FREE Get the full Report on DDS - FREE Get the full Report on PAGP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Dean Foods Company (DF): Free Stock Analysis Report Barnes & Noble, Inc. (BKS): Free Stock Analysis Report Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Plains Group Holdings, L.P. (PAGP): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - July 17, 2017 - Stocks in this week's article include Dean Foods Company (NYSE: DF - Free Report ), Barnes & Noble, Inc. (NYSE: BKS - Free Report ), Brookdale Senior Living Inc. (NYSE: BKD - Free Report ), Dillard's Inc. (NYSE: DDS - Free Report ) and Plains GP Holdings, L.P. (NYSE: PAGP - Free Report ). Dillard's Inc. (NYSE: DDS - Free Report ) is a large departmental store chain featuring fashion apparel and home furnishings. Get the full Report on DF - FREE Get the full Report on BKS - FREE Get the full Report on BKD - FREE Get the full Report on DDS - FREE Get the full Report on PAGP - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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2017-07-17 00:00:00 UTC
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4 Surprise Retail Stocks May Blow Away Earnings Expectations
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DDS
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https://www.nasdaq.com/articles/4-surprise-retail-stocks-may-blow-away-earnings-expectations-2017-07-17
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Retail stocks have mostly been left for dead. From J C Penney Company Inc (NYSE: JCP ) to Macy's Inc (NYSE: M ) to Sears Holdings Corp (NASDAQ: SHLD ), things look bleak.
But not all retail stocks are toast. Some analysts are actually looking forward to earnings from a few key stocks this quarter including Nordstrom, Inc. (NYSE: JWN ) and Dillard's, Inc. (NYSE: DDS ) and Costco Wholesale Corporation (NASDAQ: COST ).
8 Mergers That Could Dethrone Amazon
The second-quarter retail earnings season has just started. It's that time of the year again when the investor community is busy comparing estimates with actual outcomes. Among the 16 Zacks categorized sectors, we are focusing on Retail-Wholesale today. The sector has gained 12.8% so far in the year and has comfortably outperformed the S&P 500 index that advanced 8.4%. We believe that the favorable economic indicators and friendlier fiscal and regulatory policies from the current regime bode well for the sector.
Retail Stocks Earnings - Setting the Tone for the Sector
The rebound in oil prices from all-time lows, improving labor market and gradual recovery in the housing market signal that the economy is on a recovery mode. Per the Labor Department, the economy added 222,000 jobs in June, up from 152,000 and 207,000 in May and April, respectively, while the unemployment rate was 4.4%. These factors are favorable for retailers and definitely play a crucial role in raising buyers' confidence.
Consumer confidence, which ebbed some time back, took an unexpected "U" turn in June, indicating that the economy remains well on track, barring a few hiccups. Steady job additions and gradual wage acceleration offer a perfect background to drive consumer confidence and pave the way for another rate hike this year. Consumer Confidence Index rose to 118.9 in June from May's reading of 117.6. We expect this positive sentiment to translate into higher consumer spending that may help revive sales.
7 Blue-Chip Stocks at High Risk for Earnings Crashes
The retail landscape has been witnessing a sea change with the focus gradually shifting to online shopping. This transition in consumer shopping pattern is compelling retailers to fast adapt to the changes in the ecosystem. Retailers now have no option left but to keep pace with the changing retail scenario or get eliminated. They are now focusing more on enhancing their omni-channel capabilities, optimizing store fleet and restructuring activities.
We note that U.S. retail sales in May recorded the steepest drop (down 0.3%) in 16 months. But sales at non-store retailers inched up 0.8% sequentially and increased 10.2% from the prior-year period. Kiplinger's latest forecast shows that retail sales, excluding gasoline, are expected to jump 3.5% in 2017. The report further suggests that e-commerce sales are expected to increase 15% this year compared with 13% in 2016.
Initial Days of the Retail Earnings Season
The second-quarter 2017 earnings season has just begun with 23 S&P 500 members or 4.6% of the index's total membership having reported their quarterly results as of Jul 7, according to the latest Zacks Earnings Preview report.
Per the report, of the 23 S&P 500 companies that have come up with their quarterly numbers, approximately 82.6% have delivered positive earnings surprises, while 87% beat top-line expectations. According to the report, earnings of S&P 500 companies that have reported so far are up 26.1% from the same-period last year, while revenues have increased 8.3%.
About 14.3% of the S&P 500 companies in the Retail-Wholesale sector have reported their results, wherein 66.7% beat earnings and revenue estimates. While earnings rose 9% year over year, revenues climbed 4.9%. According to the report, the sector is expected to record top-line growth of 3.8% but is likely to witness earnings decline of 0.4% this season.
Likely Winners Among Retail Stocks
The Retail-Wholesale sector has not been an outstanding performer and identifying the winners is definitely a herculean task. Given the numerous stocks in the sector that almost always muddle one's stock-picking prowess, the Zacks methodology could offer some relief. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP, the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
8 Mergers That Could Dethrone Amazon
An earnings beat boosts investors' confidence in the stock, which is reflected in its rapid price appreciation. These stocks could therefore turn out to be great additions to your portfolio ahead of their earnings releases.
We suggest investing in Dillard's, Inc. (NYSE: DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. This fashion apparel, cosmetics, and home furnishing retailer has a Zacks Rank #3 and an Earnings ESP of +40.00%. The Zacks Consensus Estimate for the quarter currently stands at 10 cents. The company has a long-term earnings growth rate of 2.6%.
Another lucrative option is Nordstrom, Inc. (NYSE: JWN ), the fashion specialty retailer, which provides apparel, shoes, cosmetics, and accessories. The stock carries a Zacks Rank #3 and has an Earnings ESP of +6.56%. The Zacks Consensus Estimate for the quarter is pegged at 61 cents. The company registered an average positive earnings surprise of 41% over the trailing four quarters and has a long-term earnings growth rate of 6%. The company is slated to report its second-quarter fiscal 2017 results on Aug 10.
Another stock that you may consider is L Brands, Inc. (NYSE: LB ) with a Zacks Rank #3 and an Earnings ESP of +2.38%. The Zacks Consensus Estimate for the quarter is pegged at 42 cents. The company delivered an average positive earnings surprise of 11.1% over the trailing four quarters and has a long-term earnings growth rate of 11.3%. This specialty retailer of women's intimate and other apparel, beauty and personal care products is slated to report second-quarter fiscal 2017 financial numbers on Aug 16.
Investors can even count on Costco Wholesale Corporation (NASDAQ: COST ) with a Zacks Rank #3 and an Earnings ESP of +0.50%. The Zacks Consensus Estimate for the quarter is pegged at $1.99. The company, which operates membership warehouses, has a long-term earnings growth rate of 9.7%. The company is scheduled to report its fourth-quarter fiscal 2017 results on Oct 5.
These five stocks are not the only ones to bet on. With the help of the Zacks Stock Screener and some permutation and combination, you can find out other retail stocks that have the potential to beat the market.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
More From InvestorPlace
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7 A-Rated Stocks to Buy for 2017's Second Half
The post 4 Surprise Retail Stocks May Blow Away Earnings Expectations appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some analysts are actually looking forward to earnings from a few key stocks this quarter including Nordstrom, Inc. (NYSE: JWN ) and Dillard's, Inc. (NYSE: DDS ) and Costco Wholesale Corporation (NASDAQ: COST ). We suggest investing in Dillard's, Inc. (NYSE: DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Steady job additions and gradual wage acceleration offer a perfect background to drive consumer confidence and pave the way for another rate hike this year.
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Some analysts are actually looking forward to earnings from a few key stocks this quarter including Nordstrom, Inc. (NYSE: JWN ) and Dillard's, Inc. (NYSE: DDS ) and Costco Wholesale Corporation (NASDAQ: COST ). We suggest investing in Dillard's, Inc. (NYSE: DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP, the chance of a positive earnings surprise is as high as 70%.
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Some analysts are actually looking forward to earnings from a few key stocks this quarter including Nordstrom, Inc. (NYSE: JWN ) and Dillard's, Inc. (NYSE: DDS ) and Costco Wholesale Corporation (NASDAQ: COST ). We suggest investing in Dillard's, Inc. (NYSE: DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Initial Days of the Retail Earnings Season The second-quarter 2017 earnings season has just begun with 23 S&P 500 members or 4.6% of the index's total membership having reported their quarterly results as of Jul 7, according to the latest Zacks Earnings Preview report.
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Some analysts are actually looking forward to earnings from a few key stocks this quarter including Nordstrom, Inc. (NYSE: JWN ) and Dillard's, Inc. (NYSE: DDS ) and Costco Wholesale Corporation (NASDAQ: COST ). We suggest investing in Dillard's, Inc. (NYSE: DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. The report further suggests that e-commerce sales are expected to increase 15% this year compared with 13% in 2016.
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2017-07-12 00:00:00 UTC
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Macy's Stock Is Being Unfairly Punished -- and That's an Opportunity
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DDS
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https://www.nasdaq.com/articles/macys-stock-being-unfairly-punished-and-thats-opportunity-2017-07-12
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Macy's (NYSE: M) has been one of the worst-performing stocks of 2017, having declined about 40% year to date. Yet while Macy's clearly faces significant challenges due to changing consumer habits, its stock price has been driven far below its intrinsic value.
Macy's stock took its latest plunge on Monday, falling 7% after The Wall Street Journal ran a story highlighting how department stores (including Macy's) had recently begun discounting cosmetics , breaking with long-standing practice.
However, Macy's stock has been irrationally beaten down this year, perhaps thanks to the company's prominence as the No. 1 department store operator. Shares of Dillard's (NYSE: DDS) -- a company that faces the same trends but gets a lot less media scrutiny -- have fallen just 9% this year. As a result, Macy's shares are dramatically undervalued.
Macy's vs. Dillard's 2017 Stock Performance, data by YCharts .
Macy's vs. Dillard's: It's the same story
The outperformance of Dillard's shares relative to Macy's stock during 2017 might seem to imply that Dillard's is insulated from the trends battering Macy's and other department stores. Yet both companies are in the same boat, for better or worse.
During fiscal 2016, comp sales declined 3.5% at Macy's. Dillard's posted an even steeper comp sales decline of approximately 5%. Macy's also had a somewhat higher adjusted pre-tax margin (excluding both asset sale gains and restructuring costs) of 5.1%, compared to 4.2% for Dillard's.
Last quarter, Dillard's posted a slightly better sales performance, with a 4% comp sales decline, compared to Macy's 4.6% decline. However, it benefited last quarter from being less weather-sensitive than Macy's. The vast majority of Dillard's stores are in the southern part of the U.S., whereas Macy's has heavy exposure to the Northeast and Midwest. Adjusting for this factor, the relative sales trends at Macy's and Dillard's haven't changed much in 2017.
On balance, Macy's is performing a little better than Dillard's right now. It has also made much bigger technology investments than Dillard's, which bodes well for Macy's long-term prospects. The most plausible explanation for why Macy's stock is underperforming Dillard's stock this year is that investors are singling it out and selling it as a proxy for all department-store stocks.
Rehashing old news
Another reason Macy's stock slide looks suspicious is that the stock often seems to plunge based on news stories that aren't actually "news."
For example, Macy's shares fell 8% after CFO Karen Hoguet stated in June that gross margin would probably decline more than the company had initially expected in fiscal 2017. However, Hoguet had previously discussed Macy's margin challenges at length on the first-quarter earnings call in May. Furthermore, the company's EPS guidance hasn't changed.
Similarly, Macy's executives have previously discussed the pricing pressure in cosmetics that The Wall Street Journal examined in its recent story. The story didn't provide any new information that would justify the sharp sell-off in Macy's stock.
Real estate remains a key source of value
Lastly, even if Macy's retail operations are more troubled than previously believed, the company can still fall back on its enormous real estate value. While some Macy's properties in lower-quality malls may be losing value because of the retail slump, the bulk of its real estate value is concentrated in urban flagship locations and top-tier malls . Macy's is steadily squeezing out value from this real estate portfolio.
During Macy's investor meeting last month, real estate chief Doug Sesler described a variety of projects the company is working on. It will take many years for Macy's to monetize its excess real estate, but pundits who think the company is ignoring its real estate are way off base.
Based on the recent Macy's stock price, the company's enterprise value has fallen to around $12 billion: less than most estimates of its real estate value alone. As Macy's continues to work through its turnaround plan and real estate monetization initiatives during the next few years, the share price is likely to fully recover from its irrational 2017 sell-off.
10 stocks we like better than Macy's
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Adam Levine-Weinberg owns shares of Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's (NYSE: DDS) -- a company that faces the same trends but gets a lot less media scrutiny -- have fallen just 9% this year. For example, Macy's shares fell 8% after CFO Karen Hoguet stated in June that gross margin would probably decline more than the company had initially expected in fiscal 2017. Similarly, Macy's executives have previously discussed the pricing pressure in cosmetics that The Wall Street Journal examined in its recent story.
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Shares of Dillard's (NYSE: DDS) -- a company that faces the same trends but gets a lot less media scrutiny -- have fallen just 9% this year. Macy's stock took its latest plunge on Monday, falling 7% after The Wall Street Journal ran a story highlighting how department stores (including Macy's) had recently begun discounting cosmetics , breaking with long-standing practice. Last quarter, Dillard's posted a slightly better sales performance, with a 4% comp sales decline, compared to Macy's 4.6% decline.
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Shares of Dillard's (NYSE: DDS) -- a company that faces the same trends but gets a lot less media scrutiny -- have fallen just 9% this year. Macy's stock took its latest plunge on Monday, falling 7% after The Wall Street Journal ran a story highlighting how department stores (including Macy's) had recently begun discounting cosmetics , breaking with long-standing practice. Macy's vs. Dillard's: It's the same story The outperformance of Dillard's shares relative to Macy's stock during 2017 might seem to imply that Dillard's is insulated from the trends battering Macy's and other department stores.
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Shares of Dillard's (NYSE: DDS) -- a company that faces the same trends but gets a lot less media scrutiny -- have fallen just 9% this year. Macy's vs. Dillard's: It's the same story The outperformance of Dillard's shares relative to Macy's stock during 2017 might seem to imply that Dillard's is insulated from the trends battering Macy's and other department stores. Last quarter, Dillard's posted a slightly better sales performance, with a 4% comp sales decline, compared to Macy's 4.6% decline.
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acdf1b07-ead6-4ba4-b015-ac8add96be91
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719832.0
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2017-07-12 00:00:00 UTC
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5 Retail Picks Likely to Emerge Winners this Earnings Season
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DDS
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https://www.nasdaq.com/articles/5-retail-picks-likely-emerge-winners-earnings-season-2017-07-12
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nan
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nan
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The second-quarter earnings season has just started. It's that time of the year again when the investor community is busy comparing estimates with actual outcomes. Prior to the releases, investors are keen on rebalancing their portfolio to include stocks that are likely to trump estimates. This leads to the obvious question of how to find the potential winners?
Among the 16 Zacks categorized sectors, we are focusing on Retail-Wholesale today. The sector has gained 12.8% so far in the year and has comfortably outperformed the S&P 500 index that advanced 8.4%. We believe that the favorable economic indicators and friendlier fiscal and regulatory policies from the current regime bode well for the sector.
Factors Setting the Tone for the Sector
The rebound in oil prices from all-time lows, improving labor market and gradual recovery in the housing market signal that the economy is on a recovery mode. Per the Labor Department, the economy added 222,000 jobs in June, up from 152,000 and 207,000 in May and April, respectively, while the unemployment rate was 4.4%. These factors are favorable for retailers and definitely play a crucial role in raising buyers' confidence.
Consumer confidence, which ebbed some time back, took an unexpected "U" turn in June, indicating that the economy remains well on track, barring a few hiccups. Steady job additions and gradual wage acceleration offer a perfect background to drive consumer confidence and pave the way for another rate hike this year. Consumer Confidence Index rose to 118.9 in June from May's reading of 117.6. We expect this positive sentiment to translate into higher consumer spending that may help revive sales.
Changing Retail Dynamics
The retail landscape has been witnessing a sea change with the focus gradually shifting to online shopping. This transition in consumer shopping pattern is compelling retailers to fast adapt to the changes in the ecosystem. Retailers now have no option left but to keep pace with the changing retail scenario or get eliminated. They are now focusing more on enhancing their omni-channel capabilities, optimizing store fleet and restructuring activities.
We note that U.S. retail sales in May recorded the steepest drop (down 0.3%) in 16 months. But sales at non-store retailers inched up 0.8% sequentially and increased 10.2% from the prior-year period. Kiplinger's latest forecast shows that retail sales, excluding gasoline, are expected to jump 3.5% in 2017. The report further suggests that e-commerce sales are expected to increase 15% this year compared with 13% in 2016.
Initial Days of the Earnings Season
The second-quarter 2017 earnings season has just begun with 23 S&P 500 members or 4.6% of the index's total membership having reported their quarterly results as of Jul 7, according to the latest Zacks Earnings Preview report.
Per the report, of the 23 S&P 500 companies that have come up with their quarterly numbers, approximately 82.6% have delivered positive earnings surprises, while 87% beat top-line expectations. According to the report, earnings of S&P 500 companies that have reported so far are up 26.1% from the same-period last year, while revenues have increased 8.3%.
About 14.3% of the S&P 500 companies in the Retail-Wholesale sector have reported their results, wherein 66.7% beat earnings and revenue estimates. While earnings rose 9% year over year, revenues climbed 4.9%. According to the report, the sector is expected to record top-line growth of 3.8% but is likely to witness earnings decline of 0.4% this season.
Likely Winners for the Season
The Retail-Wholesale sector has not been an outstanding performer and identifying the winners is definitely a herculean task. Given the numerous stocks in the sector that almost always muddle one's stock-picking prowess, the Zacks methodology could offer some relief. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP , the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
An earnings beat boosts investors' confidence in the stock, which is reflected in its rapid price appreciation. These stocks could therefore turn out to be great additions to your portfolio ahead of their earnings releases.
McDonald's Corporation ( MCD ), which is slated to report its second-quarter 2017 results on Jul 25, is a solid bet with a long-term earnings growth rate of 9.3%. The Zacks Consensus Estimate for the quarter is pegged at $1.62. The company delivered an average positive earnings surprise of 7% over the trailing four quarters. This restaurant operator has an Earnings ESP of +4.94% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. This fashion apparel, cosmetics, and home furnishing retailer has a Zacks Rank #3 and an Earnings ESP of +40.00%. The Zacks Consensus Estimate for the quarter currently stands at 10 cents. The company has a long-term earnings growth rate of 2.6%.
Another lucrative option is Nordstrom, Inc. ( JWN ), the fashion specialty retailer, which provides apparel, shoes, cosmetics, and accessories. The stock carries a Zacks Rank #3 and has an Earnings ESP of +6.56%. The Zacks Consensus Estimate for the quarter is pegged at 61 cents. The company registered an average positive earnings surprise of 41% over the trailing four quarters and has a long-term earnings growth rate of 6%. The company is slated to report its second-quarter fiscal 2017 results on Aug 10.
Another stock that you may consider is L Brands, Inc. ( LB ) with a Zacks Rank #3 and an Earnings ESP of +2.38%. The Zacks Consensus Estimate for the quarter is pegged at 42 cents. The company delivered an average positive earnings surprise of 11.1% over the trailing four quarters and has a long-term earnings growth rate of 11.3%. This specialty retailer of women's intimate and other apparel, beauty and personal care products is slated to report second-quarter fiscal 2017 financial numbers on Aug 16.
Investors can even count on Costco Wholesale Corporation ( COST ) with a Zacks Rank #3 and an Earnings ESP of +0.50%. The Zacks Consensus Estimate for the quarter is pegged at $1.99. The company, which operates membership warehouses, has a long-term earnings growth rate of 9.7%. The company is scheduled to report its fourth-quarter fiscal 2017 results on Oct 5.
These five stocks are not the only ones to bet on. With the help of the Zacks Stock Screener and some permutation and combination, you can find out other retail stocks that have the potential to beat the market.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
L Brands, Inc. (LB): Free Stock Analysis Report
Costco Wholesale Corporation (COST): Free Stock Analysis Report
McDonald's Corporation (MCD): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Steady job additions and gradual wage acceleration offer a perfect background to drive consumer confidence and pave the way for another rate hike this year.
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. McDonald's Corporation ( MCD ), which is slated to report its second-quarter 2017 results on Jul 25, is a solid bet with a long-term earnings growth rate of 9.3%.
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Initial Days of the Earnings Season The second-quarter 2017 earnings season has just begun with 23 S&P 500 members or 4.6% of the index's total membership having reported their quarterly results as of Jul 7, according to the latest Zacks Earnings Preview report.
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We also suggest investing in Dillard's, Inc. ( DDS ), which is expected to release its second-quarter fiscal 2017 results on Aug 10. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The report further suggests that e-commerce sales are expected to increase 15% this year compared with 13% in 2016.
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99366f7d-d93d-478f-b637-02714ab4aa40
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719833.0
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2017-06-30 00:00:00 UTC
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Notable Friday Option Activity: DDS, NVDA, STLD
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DDS
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https://www.nasdaq.com/articles/notable-friday-option-activity-dds-nvda-stld-2017-06-30
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dillard's Inc. (Symbol: DDS), where a total volume of 6,357 contracts has been traded thus far today, a contract volume which is representative of approximately 635,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.3% of DDS's average daily trading volume over the past month, of 944,945 shares. Especially high volume was seen for the $60 strike call option expiring August 18, 2017 , with 2,056 contracts trading so far today, representing approximately 205,600 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $60 strike highlighted in orange:
NVIDIA Corp (Symbol: NVDA) saw options trading volume of 144,667 contracts, representing approximately 14.5 million underlying shares or approximately 52.2% of NVDA's average daily trading volume over the past month, of 27.7 million shares. Particularly high volume was seen for the $145 strike put option expiring June 30, 2017 , with 9,934 contracts trading so far today, representing approximately 993,400 underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $145 strike highlighted in orange:
And Steel Dynamics Inc. (Symbol: STLD) options are showing a volume of 15,589 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 49.8% of STLD's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $38 strike call option expiring July 21, 2017 , with 13,192 contracts trading so far today, representing approximately 1.3 million underlying shares of STLD. Below is a chart showing STLD's trailing twelve month trading history, with the $38 strike highlighted in orange:
For the various different available expirations for DDS options , NVDA options , or STLD options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $60 strike call option expiring August 18, 2017 , with 2,056 contracts trading so far today, representing approximately 205,600 underlying shares of DDS. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dillard's Inc. (Symbol: DDS), where a total volume of 6,357 contracts has been traded thus far today, a contract volume which is representative of approximately 635,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.3% of DDS's average daily trading volume over the past month, of 944,945 shares.
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Below is a chart showing DDS's trailing twelve month trading history, with the $60 strike highlighted in orange: NVIDIA Corp (Symbol: NVDA) saw options trading volume of 144,667 contracts, representing approximately 14.5 million underlying shares or approximately 52.2% of NVDA's average daily trading volume over the past month, of 27.7 million shares. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dillard's Inc. (Symbol: DDS), where a total volume of 6,357 contracts has been traded thus far today, a contract volume which is representative of approximately 635,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.3% of DDS's average daily trading volume over the past month, of 944,945 shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dillard's Inc. (Symbol: DDS), where a total volume of 6,357 contracts has been traded thus far today, a contract volume which is representative of approximately 635,700 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DDS's trailing twelve month trading history, with the $60 strike highlighted in orange: NVIDIA Corp (Symbol: NVDA) saw options trading volume of 144,667 contracts, representing approximately 14.5 million underlying shares or approximately 52.2% of NVDA's average daily trading volume over the past month, of 27.7 million shares. That number works out to 67.3% of DDS's average daily trading volume over the past month, of 944,945 shares.
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Below is a chart showing DDS's trailing twelve month trading history, with the $60 strike highlighted in orange: NVIDIA Corp (Symbol: NVDA) saw options trading volume of 144,667 contracts, representing approximately 14.5 million underlying shares or approximately 52.2% of NVDA's average daily trading volume over the past month, of 27.7 million shares. Below is a chart showing STLD's trailing twelve month trading history, with the $38 strike highlighted in orange: For the various different available expirations for DDS options , NVDA options , or STLD options , visit StockOptionsChannel.com. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dillard's Inc. (Symbol: DDS), where a total volume of 6,357 contracts has been traded thus far today, a contract volume which is representative of approximately 635,700 underlying shares (given that every 1 contract represents 100 underlying shares).
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3d32779e-4e32-436a-bb46-834394607e73
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719834.0
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2017-06-29 00:00:00 UTC
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DDS Makes Bullish Cross Above Critical Moving Average
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DDS
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https://www.nasdaq.com/articles/dds-makes-bullish-cross-above-critical-moving-average-2017-06-29
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nan
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nan
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $57.86, changing hands as high as $59.40 per share. Dillard's Inc. shares are currently trading up about 4.7% on the day. The chart below shows the one year performance of DDS shares, versus its 200 day moving average:
Looking at the chart above, DDS's low point in its 52 week range is $45.51 per share, with $77.70 as the 52 week high point - that compares with a last trade of $59.11.
According to the ETF Finder at ETF Channel, DDS makes up 1.54% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.1% on the day Thursday.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $57.86, changing hands as high as $59.40 per share. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $45.51 per share, with $77.70 as the 52 week high point - that compares with a last trade of $59.11. According to the ETF Finder at ETF Channel, DDS makes up 1.54% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.1% on the day Thursday.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $57.86, changing hands as high as $59.40 per share. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $45.51 per share, with $77.70 as the 52 week high point - that compares with a last trade of $59.11. According to the ETF Finder at ETF Channel, DDS makes up 1.54% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.1% on the day Thursday.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $57.86, changing hands as high as $59.40 per share. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $45.51 per share, with $77.70 as the 52 week high point - that compares with a last trade of $59.11. According to the ETF Finder at ETF Channel, DDS makes up 1.54% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.1% on the day Thursday.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $57.86, changing hands as high as $59.40 per share. According to the ETF Finder at ETF Channel, DDS makes up 1.54% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 0.1% on the day Thursday. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $45.51 per share, with $77.70 as the 52 week high point - that compares with a last trade of $59.11.
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b904acc0-0f84-454b-81a4-848108783c2d
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719835.0
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2017-06-20 00:00:00 UTC
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Dillard's (DDS) Stock Gains Momentum: Can it Continue?
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DDS
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https://www.nasdaq.com/articles/dillards-dds-stock-gains-momentum%3A-can-it-continue-2017-06-20
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nan
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nan
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Dillard's Inc.DDS has been in good stead driven by its constant efforts to capitalize on growth opportunities in brick-and-mortar stores and eCommerce business. Further, the company's focus on increasing productivity, enhancing domestic operations and boosting shareholder value remain noteworthy.
These attributes along with an earnings beat delivered in the most recent quarter have aided the stock to display a solid performance lately. Notably, this Zacks Rank #3 (Hold) stock showcases a 14.8% growth since reporting earnings on May 11, outdoing the Zacks categorized Retail - Regional Department stores industry's fall of 1.6%. Further, the stock has managed to outperform the broader industry on a year-to-date basis as well. While the stock has declined 12.5%, the industry has slumped 31.3%.
Further, the stock is supported by a Value Style Score of "A" and long-term earnings growth rate of 2.6%, which justify its growth prospects.
Factors Aiding Performance
Dillard's enjoys a niche position among fashion apparel, cosmetics and home furnishing retailers. We believe that the company's strategy of offering fashion-forward and trendy products acts as a catalyst for attracting more customers, leading to top and bottom-line growth.
Driven by efforts to uphold growth at the brick-and-mortar stores, the company is likely to gain from better brand relations, focus on in-trend categories, store remodels and rewarding store personnel. Alongside, the company focuses on enhancing merchandise assortments and effective inventory management to boost growth across the eCommerce business. Further, the company's strong balance sheet and cash flow provide the financial flexibility to take up shareholder-friendly moves as well as engage in store and online business expansion.
Concerns/Hurdles
However, the company has been plagued with the persistent challenging trends in the apparel retail segment. While the company posted an earnings beat in first-quarter fiscal 2017, it has a murky surprise history. Evidently, Dillard's earnings lagged the Zacks Consensus Estimate in five out of the past six quarters.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote
Moreover, both the top line and bottom line fell year over year in first-quarter fiscal 2017 mainly due to soft sales across significant categories and higher SG&A expenses. Also, both merchandise sales and comps dropped from last year. We believe that persistent industry headwinds like stiff competition and consumers' changing preferences toward online shopping may also prove to be hurdles.
Stocks to Consider
Meanwhile, investors may consider better-ranked stocks in the retail sector like The Children's Place Inc. PLCE , J.Jill Inc. JILL and Canada Goose Holdings Inc. GOOS . While Children's Place and J.Jill sports a Zacks Rank #1 (Strong Buy), Canada Goose carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Children's Place has an average positive earnings surprise of 36.6% in the trailing four quarters. The stock has a long-term growth rate of 8%.
J.Jill has witnessed positive estimate revisions in the last 30 days. The stock has a long-term growth rate of 19.8%.
Canada Goose, with long-term earnings per share growth rate of 32.8%, has surged 31.5% year to date.
Looking for Stocks with Skyrocketing Upside?
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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
J.Jill, Inc. (JILL): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc.DDS has been in good stead driven by its constant efforts to capitalize on growth opportunities in brick-and-mortar stores and eCommerce business. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report J.Jill, Inc. (JILL): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. We believe that the company's strategy of offering fashion-forward and trendy products acts as a catalyst for attracting more customers, leading to top and bottom-line growth.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report J.Jill, Inc. (JILL): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS has been in good stead driven by its constant efforts to capitalize on growth opportunities in brick-and-mortar stores and eCommerce business. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote Moreover, both the top line and bottom line fell year over year in first-quarter fiscal 2017 mainly due to soft sales across significant categories and higher SG&A expenses.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report J.Jill, Inc. (JILL): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS has been in good stead driven by its constant efforts to capitalize on growth opportunities in brick-and-mortar stores and eCommerce business. Notably, this Zacks Rank #3 (Hold) stock showcases a 14.8% growth since reporting earnings on May 11, outdoing the Zacks categorized Retail - Regional Department stores industry's fall of 1.6%.
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Dillard's Inc.DDS has been in good stead driven by its constant efforts to capitalize on growth opportunities in brick-and-mortar stores and eCommerce business. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report J.Jill, Inc. (JILL): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this Zacks Rank #3 (Hold) stock showcases a 14.8% growth since reporting earnings on May 11, outdoing the Zacks categorized Retail - Regional Department stores industry's fall of 1.6%.
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e976ed5c-c506-4be0-beed-fb1e01e33abd
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719836.0
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2017-06-15 00:00:00 UTC
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Why Is Dillard's (DDS) Up 15% Since the Last Earnings Report?
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DDS
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https://www.nasdaq.com/articles/why-is-dillards-dds-up-15-since-the-last-earnings-report-2017-06-15
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nan
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nan
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It has been about a month since the last earnings report for Dillard's, Inc.DDS . Shares have added about 15% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Dillard's Tops Q1 Earnings, Results Fall Y/Y
Dillard's released first-quarter fiscal 2017 results, wherein the company posted earnings of $2.12 per share, which came ahead of the Zacks Consensus Estimate of $1.98, while it fell nearly 2.3% from $2.17 in the year-ago quarter primarily due to soft sales.
Dillard's total revenue (including service charges and other income) of $1,452.9 million dropped 5.6% from the year-ago quarter and surpassed the Zacks Consensus Estimate of $1,450 million.
Dillard's net sales (including CDI Contractors LLC or CDI) declined 5.7% year over year to $1,418.1 million in the reported quarter. Merchandise sales, excluding CDI, fell 4.3% to roughly $1,386 million. Merchandise comparable-store sales for the 13-week period ended Apr 29, 2017 were down 4% from the year-ago period.
While ladies' apparel category displayed strongest performance in the quarter, followed by juniors and children's apparel category - Dillard's performance remained soft across cosmetics, home and furniture, and ladies' accessories and lingerie. The best performing region was Western, trailed by the Eastern and Central regions, respectively.
Consolidated gross margin expanded 108 basis points (bps), while gross margin from retail operations (excluding CDI) rose 65 bps.
Dillard's selling, general and administrative (SG&A) expenses (as a percentage of sales) escalated 160 bps to 28.1%. In dollar terms, SG&A expenses remained nearly flat at $398.5 million.
Financial Details
Dillard's ended the quarter with cash and cash equivalents of $301.5 million, long-term debt and capital leases (excluding current portions) of $529.9 million and total shareholders' equity of $1,690.4 million. Inventory improved 4% year over year to $1,713.9 million.
During the quarter, the company generated net cash flow from operations of $77.4 million and incurred $93 million on dividends and share buybacks. It bought back 1.7 million shares for $91.1 million in the fiscal first quarter. With this, the company has authorization worth $162.7 million remaining as of Apr 29, 2017, under its $500 million share repurchase plan announced in Feb 2016.
Store Update
During the quarter, Dillard's opened its new 180,000 square feet replacement store in Nashville, Tennessee. Also, it purchased 2 stores - including a former Macy's, Inc. (M) store in Utah, and a store in Texas. Both these stores are anticipated to open in fall 2017.
As of Apr 29, 2017, Dillard's had about 268 namesake outlets and 25 clearance centers operating in 29 states, as well as an online store at www.dillards.com. Dillard's total square footage, as of the end of fiscal 2016, was 49.2 million.
Fiscal 2017 Outlook
For fiscal 2017, Dillard's now expects rentals of approximately $28 million, compared with $25 million projected earlier. In fiscal 2016, the company's rentals amounted to $26 million.
Management retained its other forecasts. Net interest and debt expenses are anticipated to be nearly $63 million, flat with fiscal 2016 level. Further, the company projects capital expenditures of about $125 million for fiscal 2017 compared with $105 million in fiscal 2016. Depreciation and amortization expenses for fiscal 2017 are expected at $240 million compared with $244 million in the prior year.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.
Dillard's, Inc. Price and Consensus
Dillard's, Inc. Price and Consensus | Dillard's, Inc. Quote
VGM Scores
At this time, Dillard's stock has a nice Growth Score of 'B', though it is lagging a lot on the momentum front with a 'F'. However, the stock was allocated a grade of 'A' on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'B'. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate that the stock is more suitable for value investors than growth investors.
Outlook
The stock has a Zacks Rank #3 (Hold). We are expecting an inline return from the stock in the next few months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been about a month since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback?
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It has been about a month since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Tops Q1 Earnings, Results Fall Y/Y Dillard's released first-quarter fiscal 2017 results, wherein the company posted earnings of $2.12 per share, which came ahead of the Zacks Consensus Estimate of $1.98, while it fell nearly 2.3% from $2.17 in the year-ago quarter primarily due to soft sales.
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It has been about a month since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Tops Q1 Earnings, Results Fall Y/Y Dillard's released first-quarter fiscal 2017 results, wherein the company posted earnings of $2.12 per share, which came ahead of the Zacks Consensus Estimate of $1.98, while it fell nearly 2.3% from $2.17 in the year-ago quarter primarily due to soft sales.
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It has been about a month since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. It bought back 1.7 million shares for $91.1 million in the fiscal first quarter.
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4236e571-c522-4e9c-a82f-e368cdd0b72b
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719837.0
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2017-06-13 00:00:00 UTC
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Is Dillard's, Inc. (DDS) a Great Stock for Value Investors?
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DDS
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https://www.nasdaq.com/articles/is-dillards-inc.-dds-a-great-stock-for-value-investors-2017-06-13
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nan
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nan
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Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let's put Dillard's, Inc. DDS stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:
PE Ratio
A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock's current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.
On this front, Dillard has a trailing twelve months PE ratio of 11.01, as you can see in the chart below:
P/S Ratio
Another key metric to note is the Price/Sales ratio. This approach compares a given stock's price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.
Right now, Dillard has a P/S ratio of about 0.27. This is far lower than the S&P 500 average, which comes in at 3.14 right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value Outlook
In aggregate, Dillard currently has a Zacks Value Style Score of 'A', putting it into the top 20% of all stocks we cover from this look. This makes Dillard a solid choice for value investors.
What About the Stock Overall?
Though Dillard might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of 'B' and a Momentum score of 'F'. This gives DDS a Zacks VGM score-or its overarching fundamental grade-of 'B'. (You can read more about the Zacks Style Scores here >> )
Meanwhile, the company's recent earnings estimates have been pretty discouraging. The current quarter has seen one estimate going higher in the past sixty days compared to two lower, while the full year estimate has seen one upward and three downward movements in the same time period.
This has had just a small impact on the consensus estimate as the current quarter consensus estimate has declined by 50% in the past two months, while the full year estimate has inched lower by 2.3%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Dillard's, Inc. Price and Consensus
Dillard's, Inc. Price and Consensus | Dillard's, Inc. Quote
This negative trend is why the stock has just a Zacks Rank #3 (Hold) despite strong value metrics and why we are looking for in-line performance from the company in the near term
Bottom Line
Dillard is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Moreover, a strong industry rank (Top 43% out of more than 250 industries) further strengthens its growth potential.
So, value investors might want to wait for estimates and analyst sentiment to turn around in this name first, but once that happens, this stock could be a compelling pick
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One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let's put Dillard's, Inc. DDS stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives DDS a Zacks VGM score-or its overarching fundamental grade-of 'B'. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Let's put Dillard's, Inc. DDS stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives DDS a Zacks VGM score-or its overarching fundamental grade-of 'B'.
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Let's put Dillard's, Inc. DDS stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives DDS a Zacks VGM score-or its overarching fundamental grade-of 'B'. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Let's put Dillard's, Inc. DDS stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks: PE Ratio A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This gives DDS a Zacks VGM score-or its overarching fundamental grade-of 'B'. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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53102ebb-6880-4cb2-8e17-7f05f9d1c6be
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719838.0
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2017-06-09 00:00:00 UTC
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Department Store Stocks Aren’t Dead Yet
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DDS
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https://www.nasdaq.com/articles/department-store-stocks-arent-dead-yet-2017-06-09
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nan
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nan
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Back in the day, department stores were anchors for shopping malls with their wide array of products including clothing, accessories, and home goods. Nowadays, internet-connected shoppers are staying home more often as they buy online and department store companies have been shutting down or closing stores in response. That doesn't mean that these mainstays of the American retail industry are dead , though.
The situation
In the last decade, online retailers have been growing sales by double digits, outpacing the modest 2% to 3% growth the overall retail industry has had. Department stores have been dragging that average down, though, as revenue has gone backward. Many have started offering merchandise online as well, but it hasn't yet offset falling traffic in stores.
It is important to note, though, that results in this difficult time for traditional retailers have been mixed. While some chains have been slow to adapt to changing trends, others have embraced them and are still healthy.
Chart by author. Data source: Yahoo! Finance.
Sears Holdings -- which runs both the Sears and Kmart brands -- is in especially dire straits and is at risk of going under, and J.C. Penney and Macy's have received considerable attention as they close down a large number of stores to match their footprint with sales demand. However, no major closures have been announced by the smallest player, Dillard's, nor upscale clothier Nordstrom this year, and Kohl's is taking a different approach by reducing the size of its locations rather than closing them down.
It is also noteworthy that with the exception of struggling Sears Holdings and a rebounding J.C. Penney, each chain is still profitable and pays a dividend to shareholders. While that could of course change, that's quite the contrast from the doom-and-gloom picture that has been painted.
The long and the short here is that disruption by technology is creating winners and losers. Yet as the wave of store closures continues and retailers shift to an online format, department stores have said that the need for a physical format is still important to business.
Why we still need brick-and-mortar stores
The most obvious reason for the physical store's importance is that some things need to be seen, felt, and tried on. Clothing and accessories, the main merchandise at department stores, are a prime example. Management at many stores has also maintained that keeping storefronts in key areas is part of a good advertising campaign and keeps the brand front of mind.
Online shopping isn't always about convenience, either. In a survey conducted by Pew Research Center, 65% of American's said they shop on price first. The internet has thus become a convenient way to find the best price and conduct other product research first before making a purchase, be that online or in-store.
Department stores have been slow to adapt, but now that they are incorporating a digital strategy with their existing real estate (called "omni-channel" in the industry), that could pave the way to recovery. While many shoppers value the time savings of the digital experience, many more still get their retail therapy in-store and use the internet as a means to enhance their shopping experience rather than fully replace it.
What investors should consider
Some income investors might be tempted to buy stocks like Macy's and Kohl's because of their high-yielding dividends, but keep in mind those yields are high because the businesses are struggling and share prices have fallen. That potentially puts those dividends at risk.
The "out-of-favor" status for the department store sector of the retail industry makes it better suited for investors looking for a rebound story. Beware, though, not all will survive or stop the bleeding. Beleaguered Sears Holdings, and to a lesser extent J.C. Penney, is living proof of that. Finding the right blend of physical and digital store strategy could take some time. For those with a lower appetite for risk, Nordstrom is a compelling consideration as the company has continued to grow sales despite its peers' woes.
Long-term winners will be those able to balance investment in new business technology with discounting, all the while maintaining healthy profit margins.
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Nicholas Rossolillo has no position in any stocks mentioned. The Motley Fool recommends Nordstrom. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Back in the day, department stores were anchors for shopping malls with their wide array of products including clothing, accessories, and home goods. However, no major closures have been announced by the smallest player, Dillard's, nor upscale clothier Nordstrom this year, and Kohl's is taking a different approach by reducing the size of its locations rather than closing them down. Department stores have been slow to adapt, but now that they are incorporating a digital strategy with their existing real estate (called "omni-channel" in the industry), that could pave the way to recovery.
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Nowadays, internet-connected shoppers are staying home more often as they buy online and department store companies have been shutting down or closing stores in response. It is also noteworthy that with the exception of struggling Sears Holdings and a rebounding J.C. Penney, each chain is still profitable and pays a dividend to shareholders. Yet as the wave of store closures continues and retailers shift to an online format, department stores have said that the need for a physical format is still important to business.
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Nowadays, internet-connected shoppers are staying home more often as they buy online and department store companies have been shutting down or closing stores in response. Sears Holdings -- which runs both the Sears and Kmart brands -- is in especially dire straits and is at risk of going under, and J.C. Penney and Macy's have received considerable attention as they close down a large number of stores to match their footprint with sales demand. Yet as the wave of store closures continues and retailers shift to an online format, department stores have said that the need for a physical format is still important to business.
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While some chains have been slow to adapt to changing trends, others have embraced them and are still healthy. Finding the right blend of physical and digital store strategy could take some time. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Nordstrom wasn't one of them!
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c0d805de-0121-4821-bede-cb317330000a
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719839.0
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2017-06-07 00:00:00 UTC
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Macy's Slumps on Margin Woes: 3 Retailers that Followed Suit
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DDS
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https://www.nasdaq.com/articles/macys-slumps-on-margin-woes%3A-3-retailers-that-followed-suit-2017-06-07
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nan
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nan
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The stock market runs on sentiment and any unforeseen event in a particular sector has a rippling effect on others with a clear reflection on major indices that bear the brunt. The case is more or less the same for specific sectors that often see good or bad performance by one player influencing the performance of others. Yesterday, the major indices - Dow Jones Industrial Average, Nasdaq and S&P 500 shed 47.81, 20.63, and 6.77 points, respectively. A host of reasons may have influenced the entire trading session. But for now we are concentrating on one stock, Macy's, Inc.M that kept investors on tenterhooks.
Macy's Flop Show
Shares of Macy's nosedived 8.2% yesterday and even hit a 52-week low of $21.86 - before recovering by just 4 cents - after this department store retailer warned investors that its margins may continue to feel the pinch. Management now envisions fiscal 2017 gross margin to contract 60-80 basis points, while for the second quarter it expects the same to shrivel by 100 basis points from the year-ago period.
A glimpse of Macy's share price movement reveals that it has plunged 49.2% in the past six months compared with the Zacks categorized Retail - Regional Department Stores industry's decline of 46%. In contrast, the Zacks categorized Retail-Wholesale sector has advanced 10.7%.
What's Giving it a Hard Time?
A challenging retail landscape, soft store traffic and stiff competition from online retailers, particularly Amazon.com, Inc. AMZN , have been hurting Macy's performance. This is quite visible from its first-quarter fiscal 2017 results, wherein sales and earnings per share declined 7.5% and 40% year over year, respectively. While net sales decreased 7.4%, 3.9%, 4.2% and 4% in the first, second, third and fourth quarters of fiscal 2016, respectively; earnings per share declined 28.6%, 15.6%, 69.6% and 3.3% during the respective quarters.
Additionally, management at its first quarter conference call had stated that it expects total sales to decline in the band of 3.2-4.3% and expects comps on an owned plus licensed basis to decrease in the range of 2-3% during fiscal 2017. This Zacks Rank #3 (Hold) company also projected adjusted earnings in the range of $2.90-$3.15 per share compared with $3.11 posted in fiscal 2016.
Macy's Plan of Action
Macy's has announced a slew of measures revolving around stores closures, cost containment, real estate strategy and investment in omni-channel capabilities to enhance sales, profitability and cash flows. Additionally, management is developing its e-commerce business, Macy's Backstage off-price business and expanding Bluemercury and online order fulfillment centers.
Management is realigning operations and focusing on curtailing costs. It informed that these measures are likely to result in annual savings of about $550 million, and would allow the company to invest an additional $250 million in enhancing digital business, store-related growth initiatives, Bluemercury, Macy's Backstage and China.
Domino Effect
Had the impact of Macy's gross margin warning remained confined to the stock alone, it would have been less of a concern. Instead, investors pressed the panic button that took a toll on other retail stocks.
Shares of Kohl's CorporationKSS , which operates department stores, dropped 5.8% yesterday. Last month, this Zacks Rank #3 company came up with first-quarter fiscal 2017 adjusted earnings of 39 cents a share that surpassed the Zacks Consensus Estimate of 28 cents.
J. C. Penney Company, Inc.JCP also felt the heat as its shares tumbled 4.1%. The operator of department stores had posted better-than-expected first-quarter fiscal 2017 results last month. This Zacks Rank #3 company delivered quarterly earnings of 6 cents that were far better than the Zacks Consensus Estimate of a loss of 22 cents.
Shares of Dillard's, Inc.DDS , which operates as fashion apparel, cosmetics, and home furnishing retailer, declined 3.4%. This Zacks Rank #3 company reported first-quarter fiscal 2017 results last month, wherein earnings of $2.12 beat the Zacks Consensus Estimate of $1.98.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Were Investors too Hasty?
Macy's cautionary outlook about gross margin rung an alarm for other department store retailers and even did not spare the broader retail sector. We note that gross margin in the first quarter had contracted 100 basis points to 38.1%, and management expects the deterioration to continue, albeit at an equivalent rate. Nevertheless, Macy's kept its comps and earnings per share projection intact, and investors should have acknowledged the same before punishing the stocks.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's, Inc.DDS , which operates as fashion apparel, cosmetics, and home furnishing retailer, declined 3.4%. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. The stock market runs on sentiment and any unforeseen event in a particular sector has a rippling effect on others with a clear reflection on major indices that bear the brunt.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's, Inc.DDS , which operates as fashion apparel, cosmetics, and home furnishing retailer, declined 3.4%. Last month, this Zacks Rank #3 company came up with first-quarter fiscal 2017 adjusted earnings of 39 cents a share that surpassed the Zacks Consensus Estimate of 28 cents.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's, Inc.DDS , which operates as fashion apparel, cosmetics, and home furnishing retailer, declined 3.4%. Macy's Flop Show Shares of Macy's nosedived 8.2% yesterday and even hit a 52-week low of $21.86 - before recovering by just 4 cents - after this department store retailer warned investors that its margins may continue to feel the pinch.
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Shares of Dillard's, Inc.DDS , which operates as fashion apparel, cosmetics, and home furnishing retailer, declined 3.4%. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Flop Show Shares of Macy's nosedived 8.2% yesterday and even hit a 52-week low of $21.86 - before recovering by just 4 cents - after this department store retailer warned investors that its margins may continue to feel the pinch.
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4a93e52b-2942-47c4-86a1-b3dc296dc51e
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719840.0
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2017-05-29 00:00:00 UTC
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Amazon.com, Inc. (AMZN) Didn’t Kill Brick and Mortar Retailers — They Killed Themselves
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DDS
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https://www.nasdaq.com/articles/amazon.com-inc.-amzn-didnt-kill-brick-and-mortar-retailers-they-killed-themselves-2017-05
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Happy 20th birthday, Amazon.com, Inc. (NASDAQ: AMZN ), and congratulations to investors who were lucky enough to capture any part of the 49,000% return AMZN stock has dished out since its inception. That journey was an interesting one, to be sure, and at times it was perilous. But, the company's success can't be denied.
Source: Mike Seyfang via Flickr
A lot has happened during that time, too. While Amazon has grown, with the exception of Wal-Mart Stores Inc (NYSE: WMT ) it's pretty clear other retailers have shrunk thanks to the lower prices and greater assortment of products Amazon offers. Even Wal-Mart has felt a headwind.
With 20 years of subjective evidence to look back on, however - through the lens of my unique perspective - I can honestly say that Amazon's role in the demise of retailing as we know it was smaller than the role those retailers played for themselves in their demise.
From a Unique Perspective
To illustrate that my opinion is not an unqualified one, prior to starting my career in the investment world, I was in retail. I held management positions with Mercantile Stores prior to its acquisition by Dillard's, Inc. (NYSE: DDS ) in 1998, and I held a position with Saks , which has since become part of the Hudson Bay family.
The Top 10 S&P 500 Dividend Stocks to Buy Now
That was back before e-commerce was a thing… some would say the golden age of retailing. Customer service was the primary weapon of choice, yet tasteful-but-competitive pricing played a big part of the in-store mindset.
And, as a guy who spent some time on the front lines before going into a brick-and-mortar store turned into a miserable experience, I can honestly say the deterioration of the customer experience is the root reason Amazon has thrived and AMZN stock has mustered a quintuple-digit gain in two decades.
Remember When?
Anyone over the age of 50 (which isn't me, yet, but it's close) will likely recall a time when you could visit a home goods store and smell bread baking just to draw a crowd to that retailer's breadmakers. Indeed, most of the hottest merchandise bought in a box was generally on display out of its box for all retailers, where a would-be buyer could really get a feel for what he or she was curious about. And, anyone 50 or older remembers a time when store employees would look you in the eye and at least muster a modicum of interest in offering some sort of service to the patron. Most stores encouraged their sales crews to make a point of delighting their customers.
Perhaps more than anything though, consumers were willing to fight traffic and a crowded mall not to make a specific purchase, but to see what new merchandise was available since their last visit.
In other words, there was a time when shopping was something of a social adventure, even if nothing was purchased. Now, however, it's just a miserable (and often boring) experience.
Part of that is unavoidable. The internet has largely made it clear what's on a store's shelves or racks. The other part, though - the pleasant people part - is an area where most retailer's have dropped the ball. It's simply not acceptable for a service employee to be conducting personal business via text on their smartphone while "on the clock," yet it happens on a rather regular basis. In that same vein, palpable contempt for customers, rather than a genuine interest in assisting them, has become the new norm for too many shopping venues.
In this regard I'm sympathetic to retailers, as replacement employees dismissed for attitude problems are often replaced by someone no more attentive. Nevertheless, this makes it tough to remain a faithful patron of a store.
In simpler terms, shoppers didn't give up on brick-and-mortar retailing and flock to Amazon for an enjoyable experience - consumers are always up for a diversion. Brick-and-mortar retailers gave up on shoppers.
Looking Ahead for AMZN
I've said it before and I'll say it again: There will come a time when other retailers finally figure out how to compete with Amazon.
To be fair, there are exceptions to the new retailing norm. Case in point: Disney Stores, operated (of course) by Walt Disney Co (NYSE: DIS ). Anyone who's been to one of its theme parks and inside one of its mall stores can't help but see the similarities. At both, customers are revered as guests and employees understand that their role is to provide an almost magical experience .
3 Dividend Stocks to Buy for 12 Months of Retirement Income
The point is, it can be done. It's just that it's not being done. Most retailers are so busy playing defense they forgot how to play offense. They've really forgotten that, when it's all said and done, employees make or break a customer experience. That's not to say Amazon has never delivered a bad customer experience. But, it's a rarity, and not by accident .
Conversely, trying to get that smartphone-distracted sales associate to fix his or her own mistakes at your nearby department store is a lot like pulling your own teeth. And, unfortunately, that's not a rarity.
Until the rest of the retail world figures this out, AMZN stock is well-positioned to keep moving forward.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.
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The post Amazon.com, Inc. (AMZN) Didn't Kill Brick and Mortar Retailers - They Killed Themselves appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I held management positions with Mercantile Stores prior to its acquisition by Dillard's, Inc. (NYSE: DDS ) in 1998, and I held a position with Saks , which has since become part of the Hudson Bay family. Anyone over the age of 50 (which isn't me, yet, but it's close) will likely recall a time when you could visit a home goods store and smell bread baking just to draw a crowd to that retailer's breadmakers. It's simply not acceptable for a service employee to be conducting personal business via text on their smartphone while "on the clock," yet it happens on a rather regular basis.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. I held management positions with Mercantile Stores prior to its acquisition by Dillard's, Inc. (NYSE: DDS ) in 1998, and I held a position with Saks , which has since become part of the Hudson Bay family. Anyone who's been to one of its theme parks and inside one of its mall stores can't help but see the similarities.
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I held management positions with Mercantile Stores prior to its acquisition by Dillard's, Inc. (NYSE: DDS ) in 1998, and I held a position with Saks , which has since become part of the Hudson Bay family. While Amazon has grown, with the exception of Wal-Mart Stores Inc (NYSE: WMT ) it's pretty clear other retailers have shrunk thanks to the lower prices and greater assortment of products Amazon offers. And, as a guy who spent some time on the front lines before going into a brick-and-mortar store turned into a miserable experience, I can honestly say the deterioration of the customer experience is the root reason Amazon has thrived and AMZN stock has mustered a quintuple-digit gain in two decades.
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I held management positions with Mercantile Stores prior to its acquisition by Dillard's, Inc. (NYSE: DDS ) in 1998, and I held a position with Saks , which has since become part of the Hudson Bay family. While Amazon has grown, with the exception of Wal-Mart Stores Inc (NYSE: WMT ) it's pretty clear other retailers have shrunk thanks to the lower prices and greater assortment of products Amazon offers. And, anyone 50 or older remembers a time when store employees would look you in the eye and at least muster a modicum of interest in offering some sort of service to the patron.
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24f888a8-35c0-42d2-8116-a513ca54ef69
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719841.0
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2017-05-29 00:00:00 UTC
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A Foolish Take: The Future Looks Murky for Department Store Chains
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DDS
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https://www.nasdaq.com/articles/foolish-take-future-looks-murky-department-store-chains-2017-05-29
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nan
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nan
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The past few years have been rough for department stores, which once enjoyed a steady flow of foot traffic as the anchors of sprawling malls. The rise of online shopping caused mall traffic to plummet, while "fast fashion" retailers like H&M lured away apparel shoppers.
Department store chains like J.C. Penney (NYSE: JCP) , Sears (NASDAQ: SHLD) , Macy's (NYSE: M) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) reacted to that shift with store closings, discounts, and e-commerce investments. But based on their comparable-store sales growth in fiscal 2016, those efforts haven't stopped the bleeding.
Each of these companies has offered turnaround plans. J.C. Penney is selling more home improvement items, beauty products, and athletic apparel. Sears plans to cut over a billion dollars in expenses to stay afloat. Macy's is experimenting with stores within stores, private-label products, and more discounts. Nordstrom is expanding its off-price brands, and Dillard's is relying on its relative strength in women's apparel.
Those plans haven't impressed investors. That's why all five stocks have posted double-digit declines over the past five years. Unless these companies dramatically pivot their businesses away from big brick-and-mortar stores and malls, that pain could continue for the foreseeable future.
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Leo Sun has no position in any stocks mentioned. The Motley Fool recommends Nordstrom. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Department store chains like J.C. Penney (NYSE: JCP) , Sears (NASDAQ: SHLD) , Macy's (NYSE: M) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) reacted to that shift with store closings, discounts, and e-commerce investments. The past few years have been rough for department stores, which once enjoyed a steady flow of foot traffic as the anchors of sprawling malls. The rise of online shopping caused mall traffic to plummet, while "fast fashion" retailers like H&M lured away apparel shoppers.
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Department store chains like J.C. Penney (NYSE: JCP) , Sears (NASDAQ: SHLD) , Macy's (NYSE: M) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) reacted to that shift with store closings, discounts, and e-commerce investments. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Department store chains like J.C. Penney (NYSE: JCP) , Sears (NASDAQ: SHLD) , Macy's (NYSE: M) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) reacted to that shift with store closings, discounts, and e-commerce investments. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Department store chains like J.C. Penney (NYSE: JCP) , Sears (NASDAQ: SHLD) , Macy's (NYSE: M) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) reacted to that shift with store closings, discounts, and e-commerce investments. The past few years have been rough for department stores, which once enjoyed a steady flow of foot traffic as the anchors of sprawling malls. Macy's is experimenting with stores within stores, private-label products, and more discounts.
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719842.0
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2017-05-23 00:00:00 UTC
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Daily Dividend Report: HRL, EXR, DDS, EXP, CASH
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DDS
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https://www.nasdaq.com/articles/daily-dividend-report-hrl-exr-dds-exp-cash-2017-05-23
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Hormel Foods, a multinational marketer of consumer-branded food and meat products, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at seventeen cents a share on May 22, 2017, will be paid August 15, 2017, to stockholders of record at the close of business on July 17, 2017. The August 15 payment will be the 356th consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption.
Extra Space Storage announced today that the Company's board of directors has declared a quarterly dividend of $0.78 per share on the common stock of the Company for the second quarter 2017. The dividend is payable on June 30, 2017 to stockholders of record at the close of business on June 15, 2017.
Dillard's announced that the Board of Directors declared a cash dividend of $0.07 per share on the Class A and Class B Common Stock of the Company payable July 31, 2017 to shareholders of record as of June 30, 2017.
The Board of Directors of Eagle Materials has declared a quarterly cash dividend of $0.10 per share, payable on July 21, 2017, to stockholders of record of its Common Stock at the close of business on June 21, 2017.
Meta Financial Group, announced that the Company will pay a cash dividend of $0.13 per share for the third fiscal quarter of 2017. This dividend will be payable on July 3, 2017 to shareholders of record as of June 7, 2017.
VIDEO: Daily Dividend Report: HRL, EXR, DDS, EXP, CASH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: Daily Dividend Report: HRL, EXR, DDS, EXP, CASH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Hormel Foods, a multinational marketer of consumer-branded food and meat products, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at seventeen cents a share on May 22, 2017, will be paid August 15, 2017, to stockholders of record at the close of business on July 17, 2017. The Board of Directors of Eagle Materials has declared a quarterly cash dividend of $0.10 per share, payable on July 21, 2017, to stockholders of record of its Common Stock at the close of business on June 21, 2017.
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VIDEO: Daily Dividend Report: HRL, EXR, DDS, EXP, CASH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Extra Space Storage announced today that the Company's board of directors has declared a quarterly dividend of $0.78 per share on the common stock of the Company for the second quarter 2017. Dillard's announced that the Board of Directors declared a cash dividend of $0.07 per share on the Class A and Class B Common Stock of the Company payable July 31, 2017 to shareholders of record as of June 30, 2017.
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VIDEO: Daily Dividend Report: HRL, EXR, DDS, EXP, CASH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Hormel Foods, a multinational marketer of consumer-branded food and meat products, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at seventeen cents a share on May 22, 2017, will be paid August 15, 2017, to stockholders of record at the close of business on July 17, 2017. Dillard's announced that the Board of Directors declared a cash dividend of $0.07 per share on the Class A and Class B Common Stock of the Company payable July 31, 2017 to shareholders of record as of June 30, 2017.
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VIDEO: Daily Dividend Report: HRL, EXR, DDS, EXP, CASH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Hormel Foods, a multinational marketer of consumer-branded food and meat products, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at seventeen cents a share on May 22, 2017, will be paid August 15, 2017, to stockholders of record at the close of business on July 17, 2017. Extra Space Storage announced today that the Company's board of directors has declared a quarterly dividend of $0.78 per share on the common stock of the Company for the second quarter 2017.
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1957fe06-3b30-4d29-b503-1805f98129da
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719843.0
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2017-05-15 00:00:00 UTC
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Week Ahead: Can Retail Rebound?
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DDS
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https://www.nasdaq.com/articles/week-ahead-can-retail-rebound-2017-05-15
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nan
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Retail stocks had a bad week last week. A big earnings miss and gloomy forecasts from JC Penney (JCP) on Friday came hot on the heels of similar stories from Macy’s (M), Kohl’s (KSS), Dillard’s (DDS) and Nordstrom (JWN) on Thursday, and the sector as a whole took a massive beating.
Even positive retail sales on Friday didn’t help as the 0.4 percent increase was less that the 0.6 percent expected and came mainly from the auto, home improvement, and online sectors. As a result, XRT, the retail sector SPDR ETF, lost over 5 percent in the last two days of the week.
Conventional wisdom is that the sector is dying before our very eyes and there is no doubt that retail is in the midst of revolutionary change, but positioning for a rebound this week would be a smart idea.
If that seems like a contradiction to you then you are right. It is a contradiction, but a common one that is inherent in the distinction between investing and trading. One of the hardest things to understand for those who make the transition from long term investor to trader is that sometimes short term opportunities exist in the opposite direction to that of your long term view.
Retail, or more specifically big box brick and mortar retailers, may well look like a questionable investment right now. Change is always painful to some and at this point, there is no way to know who will survive and thrive as transition comes. That makes the risks in the sector too great for most investors.
That doesn’t mean, however, that stocks in the sector cannot be oversold and that seems to be the case right now. First and foremost, it is important to understand that as dire as things may seem, traditional retail is not, at this time, in an existential crisis. It feels that way largely because the companies concerned are such household names, but if you look at last week’s earnings, there is one significant silver lining:
The names mentioned above missed expectations but, in a traditionally slow retail quarter, all of them, even the struggling JC Penney, made money.
That would indicate that the measures being taken by management to rationalize and to strengthen their online presence are beginning to bear fruit. Just because the ex-auto and home improvement growth revealed on Friday came in e-commerce does not mean that Amazon (AMZN) was the only place that anybody shopped.
The real takeaway from the last few months’ consumer confidence and retail sales numbers is that finally, after nearly a decade of deleveraging, American consumers are beginning to spend again. On the basis that a rising tide lifts all boats, that indicates that the predictions of doom are overdone.
Even if you are more inclined to look at the big black cloud in front of that silver lining, a solid case can be made for trading into a long position in XRT this week based on the way markets typically behave. Stock prices naturally tend to overreact to news, and for that reason, rarely move in a straight line. That tendency is exaggerated when bad news (or good for that matter) comes at a rapid pace, as happened last week. Momentum is powerful but almost inevitably leads to a retracement.
There is no doubt that department store retail is not what it once was and that the future is uncertain. At this point though, a bounce in retail stocks this week looks far more likely than further losses and there is money to be made by positioning for that regardless of your long term view.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A big earnings miss and gloomy forecasts from JC Penney (JCP) on Friday came hot on the heels of similar stories from Macy’s (M), Kohl’s (KSS), Dillard’s (DDS) and Nordstrom (JWN) on Thursday, and the sector as a whole took a massive beating. Conventional wisdom is that the sector is dying before our very eyes and there is no doubt that retail is in the midst of revolutionary change, but positioning for a rebound this week would be a smart idea. Even if you are more inclined to look at the big black cloud in front of that silver lining, a solid case can be made for trading into a long position in XRT this week based on the way markets typically behave.
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A big earnings miss and gloomy forecasts from JC Penney (JCP) on Friday came hot on the heels of similar stories from Macy’s (M), Kohl’s (KSS), Dillard’s (DDS) and Nordstrom (JWN) on Thursday, and the sector as a whole took a massive beating. It feels that way largely because the companies concerned are such household names, but if you look at last week’s earnings, there is one significant silver lining: The names mentioned above missed expectations but, in a traditionally slow retail quarter, all of them, even the struggling JC Penney, made money. Even if you are more inclined to look at the big black cloud in front of that silver lining, a solid case can be made for trading into a long position in XRT this week based on the way markets typically behave.
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A big earnings miss and gloomy forecasts from JC Penney (JCP) on Friday came hot on the heels of similar stories from Macy’s (M), Kohl’s (KSS), Dillard’s (DDS) and Nordstrom (JWN) on Thursday, and the sector as a whole took a massive beating. Even positive retail sales on Friday didn’t help as the 0.4 percent increase was less that the 0.6 percent expected and came mainly from the auto, home improvement, and online sectors. It feels that way largely because the companies concerned are such household names, but if you look at last week’s earnings, there is one significant silver lining: The names mentioned above missed expectations but, in a traditionally slow retail quarter, all of them, even the struggling JC Penney, made money.
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A big earnings miss and gloomy forecasts from JC Penney (JCP) on Friday came hot on the heels of similar stories from Macy’s (M), Kohl’s (KSS), Dillard’s (DDS) and Nordstrom (JWN) on Thursday, and the sector as a whole took a massive beating. Retail stocks had a bad week last week. One of the hardest things to understand for those who make the transition from long term investor to trader is that sometimes short term opportunities exist in the opposite direction to that of your long term view.
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719844.0
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2017-05-15 00:00:00 UTC
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JC Penney (JCP) Tanks After Q1 Earnings, Follows Retail Suit
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DDS
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https://www.nasdaq.com/articles/jc-penney-jcp-tanks-after-q1-earnings-follows-retail-suit-2017-05-15
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nan
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Of late retail giants like Macy's, Inc. M , Kohl's Corporation KSS , Nordstrom, Inc. JWN and Dillard's, Inc. DDS have witnessed sharp decline in share price as these retailers failed to impress investors with their quarterly numbers. The story turned out same for J. C. Penney Company, Inc.JCP , as it reported fiscal first-quarter 2017, following which its stock plunged 14%. In fact, the stock has witnessed a decline of 50.4% in the past six months, wider than the Zacks categorized Retail-Regional Departmental Stores industry's slump of 40.2%.
Let's Unveil the Picture
J. C. Penney posted adjusted earnings of 6 cents compared with Zacks Consensus Estimate of a loss of 22 cents. In the prior-year quarter, the company had reported adjusted loss of 32 cents. However, on a GAAP basis, the company delivered net loss of $180 million or 58 cents, wider than the net loss of $68 million or 22 cents reported in the year-ago quarter. The company not only reported widening net loss but also dismal comparable sales and revenues.
The company's total net sales of $2,706 million missed the Zacks Consensus Estimate of $2,758 million and declined 3.7% year over year, after witnessing a decrease of 0.9% in the preceding quarter. Further, weakness in apparel continues to affect the company's overall sales. Notably, J. C. Penney's sales have missed the estimate for the fifth consecutive quarter. Comparable-store sales (comps) decreased 3.5%, compared with a decline of 0.4% in the prior-year quarter.
Sturdy performance was witnessed across Sephora, Home, Salon and Fine Jewelry divisions. Management remains optimistic about roll out of appliances, new Sephora locations, center core refreshes, in-store.com fulfillment and buy online, pick up in store same day initiative.
Gross profit in the quarter decreased 3.4% to $983 million, while gross margin expanded 10 basis points (bps) to 36.3%. J. C. Penney's adjusted EBITDA improved to $255 million from $153 million in the prior-year quarter, while adjusted EBITDA margin increased 400 bps to 9.4%.
J.C. Penney Company, Inc. Holding Company Price, Consensus and EPS Surprise
J.C. Penney Company, Inc. Holding Company Price, Consensus and EPS Surprise | J.C. Penney Company, Inc. Holding Company Quote
Strategic Initiatives
In an effort, to achieve sustainable growth J. C. Penney had earlier announced strategic initiatives, wherein it shut down 138 stores and is further planning to close two distribution centers. These strategic efforts will not only help the company to align its brick-and-mortar presence but will also help it utilize capital resources in locations where it has ample opportunity.
The closure of stores, which represents nearly 13-14% of the company's store portfolio, is likely to hurt total annual sales by 5%. Further, EBITDA will come down by less than 2% but most importantly it will not affect net income.
These stores were not only reporting dismal comps in comparison with the remaining store base but were also being operated at higher cost. The company anticipates annual saving of nearly $200 million from the store closure program.
Financial Details
J. C. Penney ended the quarter with cash and cash equivalents of $363 million, long-term debt of $4,066 million and shareholders' equity of $1,205 million. Merchandise inventory levels increased 0.8% to $2,949 million.
Moreover, in the reported quarter, the company used $293 million of free cash flow compared with $421 million used in the prior-year quarter. Further, it incurred capital expenditures of $83 million in the quarter, up from $39 million in the year-ago quarter.
2017 Outlook
Management reiterated fiscal 2017 guidance. The company expects comps to be in the range of down 1% to up 1%, while gross margin is projected to expand between 20 bps and 40 bps compared with fiscal 2016. Adjusted earnings per share are estimated to be in the range of 40-65 cents. The Zacks Consensus Estimate for fiscal 2017 is currently pegged at 49 cents.
Moreover, the company expects to generate free cash flow between $300 million and $400 million in fiscal 2017. Inventory is projected to decline by 5% or above in comparison with fiscal 2016.
At present, J. C. Penney carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Nordstrom, Inc. (JWN): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of late retail giants like Macy's, Inc. M , Kohl's Corporation KSS , Nordstrom, Inc. JWN and Dillard's, Inc. DDS have witnessed sharp decline in share price as these retailers failed to impress investors with their quarterly numbers. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Management remains optimistic about roll out of appliances, new Sephora locations, center core refreshes, in-store.com fulfillment and buy online, pick up in store same day initiative.
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Of late retail giants like Macy's, Inc. M , Kohl's Corporation KSS , Nordstrom, Inc. JWN and Dillard's, Inc. DDS have witnessed sharp decline in share price as these retailers failed to impress investors with their quarterly numbers. The company's total net sales of $2,706 million missed the Zacks Consensus Estimate of $2,758 million and declined 3.7% year over year, after witnessing a decrease of 0.9% in the preceding quarter.
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Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Of late retail giants like Macy's, Inc. M , Kohl's Corporation KSS , Nordstrom, Inc. JWN and Dillard's, Inc. DDS have witnessed sharp decline in share price as these retailers failed to impress investors with their quarterly numbers. The company's total net sales of $2,706 million missed the Zacks Consensus Estimate of $2,758 million and declined 3.7% year over year, after witnessing a decrease of 0.9% in the preceding quarter.
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Of late retail giants like Macy's, Inc. M , Kohl's Corporation KSS , Nordstrom, Inc. JWN and Dillard's, Inc. DDS have witnessed sharp decline in share price as these retailers failed to impress investors with their quarterly numbers. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. However, on a GAAP basis, the company delivered net loss of $180 million or 58 cents, wider than the net loss of $68 million or 22 cents reported in the year-ago quarter.
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719845.0
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2017-05-12 00:00:00 UTC
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Stock Market News for May 12, 2017
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https://www.nasdaq.com/articles/stock-market-news-for-may-12-2017-2017-05-12
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nan
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Benchmarks finished in the red on Thursday dragged down by retail stocks which suffered after Macy reported weaker than expected quarterly results. Meanwhile, weak earnings performance by Snap subdued investors' confidence which ultimately had an adverse impact on the Nasdaq.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.
The Dow Jones Industrial Average (DJI) declined 0.1% to close at 20,919.42. The S&P 500 fell 0.2% to close at 2,394.44. The tech-laden Nasdaq Composite Index declined 0.2% to close at 6,115.96. A total of around 6.7 billion shares were traded on Thursday, in line with the last 20-session average. Decliners outnumbered advancing stocks on the NYSE by a 1.58 to 1 ratio.
Macy's Shares Drop
Shares of Macy's, Inc. M tanked 17% and dragged down the consumer discretionary sector, following the release of the company's weaker-than-expected first quarter 2017 earnings results. Macy's succumbed to a negative earnings surprise of 31.4% in the first quarter of fiscal 2017. Total sales also fell short of the estimate for the second quarter in row. Further, the company's top and bottom lines continued to decline year over year.
Macy's reported first-quarter adjusted earnings of $0.24 a share that missed the Zacks Consensus Estimate of $0.35 and declined substantially from $0.40 reported in the year-ago period. The company generated revenues of $5,338 million that fell short of the Zacks Consensus Estimate of $5,469 million, and declined 7.5% year over year.
In fact in the past six months, Macy's shares have declined roughly 29.4% compared with the Zacks categorized Retail-Regional Department Stores industry that plunged 29.8%. Analysts pointed out that the overall industry is grappling with waning mall traffic and increased online competition. Macy's reaffirmed its fiscal 2017 outlook, and continues to expect total sales to decline in the range of 3.2% to 4.3%. ( Read More )
Meanwhile, Kohl's Corporation KSS reported first quarter 2017 results with earnings beating the Zacks Consensus Estimate. However, revenues missed the same. The company reported revenues of $3.843 billion, missing the Zacks Consensus Estimate of $3.864 billion. Also, it declined 3.2% from the prior-year quarter due to a challenging sales environment and lower comparable store sales. However, the company's adjusted earnings of $0.39 per share surpassed the Zacks Consensus Estimate of $0.28. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Lower spending on apparel and accessories and a general slowdown in consumer spending are hurting sales at department stores. Kohl's and its competitors have struggling in an intensely competitive market from online retailers. Shares of the company declined 7.8%.
Weak performances from Macy's and Kohl's Corporation had a negative impact on investors' sentiment, which ultimately had an adverse impact on the broader market.
Snap Dragged Down the Nasdaq
Shares of Snap Inc SNAP tanked 21.5% following the release of its first earnings report as a public company. Investors remained concerned over the company's long-term prospects as the first-quarter 2017 results clearly depict a slowdown in user base and revenue growth rate.
For the quarter, Snap reported loss per share of $2.31, much wider than the year-ago quarter's loss of just $0.14. The year-over-year disappointing comparison was mainly due to stock compensation expenses related to its recently concluded IPO, which inflated the overall costs and expenses.
The company posted revenues of $149.6 million, registering a whopping 286% year-over-year jump. However, on a sequential basis, revenues were down 10%, which, according to the company, may be due to seasonal impact on advertising, which comprises the bulk of its revenues.
Notably, the company added only 5 million active daily users in fourth-quarter 2016, as well as last quarter, which happens to be the lowest since third-quarter 2014. User growth holds the key in attracting advertisers, which is the primary source of revenues for Snap. A slowdown in user base growth rate may look unattractive to advertisers.
Stocks that made Headlines
TELUS Surpasses Earnings and Revenue Estimates in Q1
Leading Canadian telecom operator TELUS Corp. TU reported impressive financial results in the first quarter of 2017, wherein both the top and bottom line outpaced the Zacks Consensus Estimate. ( Read More )
Why Dillard's Crashed 17.5% Despite Q1 Earnings Beat
Shares of Dillard's Inc. DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. ( Read More )
Delta Rewards Investors with Dividend Hike & New Buyback
Delta Air Lines, Inc. DAL recently announced in a regulatory filing that its board of directors has approved a new share repurchase program worth $5 billion. ( Read More )
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks ""Strong Sells"" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Snap Inc. (SNAP): Free Stock Analysis Report
TELUS Corporation (TU): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( Read More ) Why Dillard's Crashed 17.5% Despite Q1 Earnings Beat Shares of Dillard's Inc. DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report TELUS Corporation (TU): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Benchmarks finished in the red on Thursday dragged down by retail stocks which suffered after Macy reported weaker than expected quarterly results.
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( Read More ) Why Dillard's Crashed 17.5% Despite Q1 Earnings Beat Shares of Dillard's Inc. DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report TELUS Corporation (TU): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. ( Read More ) Meanwhile, Kohl's Corporation KSS reported first quarter 2017 results with earnings beating the Zacks Consensus Estimate.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report TELUS Corporation (TU): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. ( Read More ) Why Dillard's Crashed 17.5% Despite Q1 Earnings Beat Shares of Dillard's Inc. DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Macy's reported first-quarter adjusted earnings of $0.24 a share that missed the Zacks Consensus Estimate of $0.35 and declined substantially from $0.40 reported in the year-ago period.
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( Read More ) Why Dillard's Crashed 17.5% Despite Q1 Earnings Beat Shares of Dillard's Inc. DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report TELUS Corporation (TU): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. The company generated revenues of $5,338 million that fell short of the Zacks Consensus Estimate of $5,469 million, and declined 7.5% year over year.
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2017-05-12 00:00:00 UTC
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These 3 Department Stores Beat Expectations on Thursday -- but Investors Didn't Care
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https://www.nasdaq.com/articles/these-3-department-stores-beat-expectations-thursday-investors-didnt-care-2017-05-12
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On Thursday morning, top U.S. department store chain Macy's (NYSE: M) reported a steep earnings-per-share decline for the first quarter, missing analysts' estimates by a wide margin.
However, Macy's wasn't the only department store to reveal its first-quarter results on Thursday. Kohl's (NYSE: KSS) , Dillard's (NYSE: DDS) , and Nordstrom (NYSE: JWN) also released their earnings reports -- and all three beat analysts' EPS expectations.
That didn't matter to investors, though. All four department store stocks were pummeled on Thursday, falling anywhere from 8% (Kohl's) to 18% (Dillard's).
Department Stores Thursday Stock Performance. Data by YCharts .
Kohl's boosts earnings by keeping costs in check
In the first quarter, sales fell 3.2% year over year at Kohl's, primarily due to a 2.7% decline in comparable-store sales. Nearly all of the sales pressure came in February, perhaps due to delays in the processing of tax refunds. According to Kohl's CEO Kevin Mansell, sales dipped just 1% in the March-April period, compared to an 8% drop in February.
Despite the sales pressure, Kohl's adjusted EPS surged 26% year over year, reaching $0.39. This easily beat the average analyst estimate of $0.29. Solid cost control was a key driver of the strong earnings performance: Kohl's reduced its operating expenses by about 3% year over year. Gross margin also improved from 35.5% to 36.4% as the company did a better job of managing its inventory.
Investors essentially ignored these cost savings and gross margin improvements at Kohl's, instead focusing on its sales decline, which was greater than expected. As a result, the stock fell about 8% during the day.
Gross margin gains keep Dillard's on track
Like most of its peers, Dillard's reported disappointing revenue results for the first quarter. Total revenue declined 5.6% year over year to $1.45 billion on a 4% comp sales decline, missing the average analyst estimate of $1.47 billion.
On the bright side, gross margin from Dillard's retail operations increased by 65 basis points (0.65 percentage points) year over year. Additionally, Dillard's share buyback program led to a roughly 12% decrease in the company's diluted share count. As a result, EPS fell just 2% year over year to $2.12, ahead of the average analyst estimate of $2.02.
While these results weren't spectacular, they weren't terrible, either. Nevertheless, investors dumped Dillard's stock on Thursday, causing it to plunge nearly 18%.
Nordstrom's profit bounces back
Lastly, Nordstrom reported solid first-quarter earnings results after the market closed on Thursday afternoon. Revenue increased 3.2% despite a 0.8% comp sales slump, because Nordstrom continues to open new stores, particularly for its Nordstrom Rack off-price chain. The total revenue figure was roughly in line with analysts' estimates, although many investors had hoped for stronger comp sales results.
Meanwhile, Nordstrom's adjusted EPS soared 19% to $0.43, far ahead of the average analyst estimate of just $0.27. Higher credit card income was the main driver of this earnings growth.
Nordstrom is by far the best-positioned department store chain today, precisely because of its efforts to diversify away from its full-line mall-based stores. Investors weren't satisfied, though. Nordstrom shares plunged nearly 8% during the day on Thursday -- before the earnings release -- and then fell another 4% after hours.
The best deals at the mall
The 17% sell-off at Macy's on Thursday seems like an overreaction, but at least investors' ire could be explained by Macy's sharp earnings decline. By contrast, while the first-quarter earnings reports from Kohl's, Dillard's, and Nordstrom made it clear that department stores are still under pressure, all three chains posted solid earnings results -- including big EPS increases at Kohl's and Nordstrom.
Thus, Thursday's sell-off could make this a good time to pick up department store stocks at a steep discount. Shares of Kohl's, Dillard's, and Nordstrom are cheap compared to the broader market. Moreover, all three have shown a remarkable ability to keep earnings afloat despite the challenging sales trends affecting the department store industry.
10 stocks we like better than Nordstrom
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Adam Levine-Weinberg owns shares of Macy's and Nordstrom. The Motley Fool recommends Nordstrom. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Kohl's (NYSE: KSS) , Dillard's (NYSE: DDS) , and Nordstrom (NYSE: JWN) also released their earnings reports -- and all three beat analysts' EPS expectations. On Thursday morning, top U.S. department store chain Macy's (NYSE: M) reported a steep earnings-per-share decline for the first quarter, missing analysts' estimates by a wide margin. Investors essentially ignored these cost savings and gross margin improvements at Kohl's, instead focusing on its sales decline, which was greater than expected.
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Kohl's (NYSE: KSS) , Dillard's (NYSE: DDS) , and Nordstrom (NYSE: JWN) also released their earnings reports -- and all three beat analysts' EPS expectations. On Thursday morning, top U.S. department store chain Macy's (NYSE: M) reported a steep earnings-per-share decline for the first quarter, missing analysts' estimates by a wide margin. Total revenue declined 5.6% year over year to $1.45 billion on a 4% comp sales decline, missing the average analyst estimate of $1.47 billion.
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Kohl's (NYSE: KSS) , Dillard's (NYSE: DDS) , and Nordstrom (NYSE: JWN) also released their earnings reports -- and all three beat analysts' EPS expectations. Kohl's boosts earnings by keeping costs in check In the first quarter, sales fell 3.2% year over year at Kohl's, primarily due to a 2.7% decline in comparable-store sales. By contrast, while the first-quarter earnings reports from Kohl's, Dillard's, and Nordstrom made it clear that department stores are still under pressure, all three chains posted solid earnings results -- including big EPS increases at Kohl's and Nordstrom.
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Kohl's (NYSE: KSS) , Dillard's (NYSE: DDS) , and Nordstrom (NYSE: JWN) also released their earnings reports -- and all three beat analysts' EPS expectations. However, Macy's wasn't the only department store to reveal its first-quarter results on Thursday. Department Stores Thursday Stock Performance.
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2017-05-12 00:00:00 UTC
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Why Dillard's (DDS) Crashed 17.5% Despite Q1 Earnings Beat
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DDS
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https://www.nasdaq.com/articles/why-dillards-dds-crashed-17.5-despite-q1-earnings-beat-2017-05-12
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Shares of Dillard's Inc.DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. While earnings surpassed estimates this time, it wasn't enough to appease investors who have long been troubled by the company's murky past performance. Evidently, Dillard's earnings lagged the Zacks Consensus Estimate in five out of the past six quarters.
Consequently, this Zacks Rank #4 (Sell) stock has tumbled 19.8% in the past one year, underperforming the Zacks categorized Retail-Regional Department Stores industry that dropped 1.7%. Will Dillard's first-quarter performance raise investors' apprehensions?
The company posted earnings of $2.12 per share, which came ahead of the Zacks Consensus Estimate of $1.98, while it fell nearly 2.3% from $2.17 in the year-ago quarter primarily due to soft sales.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote
Dillard's total revenue (including service charges and other income) of $1,452.9 million dropped 5.6% from the year-ago quarter and surpassed the Zacks Consensus Estimate of $1,450 million.
Dillard's net sales (including CDI Contractors LLC or CDI) declined 5.7% year over year to $1,418.1 million in the reported quarter. Merchandise sales, excluding CDI, fell 4.3% to roughly $1,386 million. Merchandise comparable-store sales for the 13-week period ended Apr 29, 2017 were down 4% from the year-ago period.
While ladies' apparel category displayed strongest performance in the quarter, followed by juniors and children's apparel category, Dillard's performance remained soft across cosmetics, home and furniture, and ladies' accessories and lingerie. The Western region was the best performer, trailed by the Eastern and Central regions, respectively.
Consolidated gross margin expanded 108 basis points (bps), while gross margin from retail operations (excluding CDI) rose 65 bps.
Dillard's SG&A expenses (as a percentage of sales) escalated 160 bps to 28.1%. In dollar terms, SG&A expenses remained nearly flat at $398.5 million.
Financial Details
Dillard's ended the quarter with cash and cash equivalents of $301.5 million, long-term debt and capital leases (excluding current portions) of $529.9 million and total shareholders' equity of $1,690.4 million. Inventory improved 4% year over year to $1,713.9 million.
During the quarter, the company generated net cash flow from operations of $77.4 million and incurred $93 million on dividends and share buybacks. It bought back 1.7 million shares for $91.1 million in the fiscal first quarter. With this, the company has authorization worth $162.7 million remaining as of Apr 29, 2017, under its $500 million share repurchase plan announced in Feb 2016.
Store Update
During the quarter, Dillard's opened its new 180,000 square feet replacement store in Nashville, TN. Also, it purchased 2 stores - including a former Macy's, Inc. M store in Utah, and a store in Texas. Both these stores are anticipated to open in fall 2017.
As of Apr 29, 2017, Dillard's had about 268 namesake outlets and 25 clearance centers operating in 29 states, as well as an online store at www.dillards.com. Dillard's total square footage, as of the end of fiscal 2016, was 49.2 million.
Fiscal 2017 Outlook
For fiscal 2017, Dillard's now expects rentals of approximately $28 million, compared with $25 million projected earlier. In fiscal 2016, the company's rentals amounted to $26 million.
Management retained its other forecasts. Net interest and debt expenses are anticipated to be nearly $63 million, flat with fiscal 2016 level. Further, the company projects capital expenditures of about $125 million for fiscal 2017 compared with $105 million in fiscal 2016. Depreciation and amortization expenses for fiscal 2017 are expected at $240 million compared with $244 million in the prior year.
Key Picks in the Retail Space
Better-ranked stocks in the retail sector include The Children's Place Inc. PLCE , sporting a Zacks Rank #1 (Strong Buy) and Big Lots, Inc. BIG carrying a Zacks Rank #2 (Buy).
Children's Place, with a long-term earnings growth rate of 8%, has an average earnings surprise of 39% over the trailing four quarters.
Big Lots has outperformed our earnings estimate by an average of 83.1% in the last four quarters. Moreover, it has a long-term earnings growth rate of 13.5%.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Big Lots, Inc. (BIG): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Dillard's Inc.DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. While earnings surpassed estimates this time, it wasn't enough to appease investors who have long been troubled by the company's murky past performance.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc.DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote Dillard's total revenue (including service charges and other income) of $1,452.9 million dropped 5.6% from the year-ago quarter and surpassed the Zacks Consensus Estimate of $1,450 million.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Dillard's Inc.DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote Dillard's total revenue (including service charges and other income) of $1,452.9 million dropped 5.6% from the year-ago quarter and surpassed the Zacks Consensus Estimate of $1,450 million.
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Shares of Dillard's Inc.DDS plunged 17.5% yesterday, following the company's first-quarter fiscal 2017 results, wherein both top and bottom lines declined year over year. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big Lots, Inc. (BIG): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The company posted earnings of $2.12 per share, which came ahead of the Zacks Consensus Estimate of $1.98, while it fell nearly 2.3% from $2.17 in the year-ago quarter primarily due to soft sales.
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2017-05-11 00:00:00 UTC
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Thursday's ETF Movers: GDXJ, XRT
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https://www.nasdaq.com/articles/thursdays-etf-movers-gdxj-xrt-2017-05-11
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In trading on Thursday, the Junior Gold Miners ETF ( GDXJ ) is outperforming other ETFs, up about 3% on the day. Components of that ETF showing particular strength include shares of Continental Gold (CNL.CA), up about 36.1% and shares of Silvercorp Metals (SVM.CA), up about 13% on the day.
And underperforming other ETFs today is the SPDR S&P Retail ETF ( XRT ), off about 2.2% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Macy's ( M ), lower by about 14.2%, and shares of Dillard's ( DDS ), lower by about 14% on the day.
VIDEO: Thursday's ETF Movers: GDXJ, XRT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among components of that ETF with the weakest showing on Thursday were shares of Macy's ( M ), lower by about 14.2%, and shares of Dillard's ( DDS ), lower by about 14% on the day. Components of that ETF showing particular strength include shares of Continental Gold (CNL.CA), up about 36.1% and shares of Silvercorp Metals (SVM.CA), up about 13% on the day. VIDEO: Thursday's ETF Movers: GDXJ, XRT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among components of that ETF with the weakest showing on Thursday were shares of Macy's ( M ), lower by about 14.2%, and shares of Dillard's ( DDS ), lower by about 14% on the day. In trading on Thursday, the Junior Gold Miners ETF ( GDXJ ) is outperforming other ETFs, up about 3% on the day. VIDEO: Thursday's ETF Movers: GDXJ, XRT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among components of that ETF with the weakest showing on Thursday were shares of Macy's ( M ), lower by about 14.2%, and shares of Dillard's ( DDS ), lower by about 14% on the day. In trading on Thursday, the Junior Gold Miners ETF ( GDXJ ) is outperforming other ETFs, up about 3% on the day. VIDEO: Thursday's ETF Movers: GDXJ, XRT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among components of that ETF with the weakest showing on Thursday were shares of Macy's ( M ), lower by about 14.2%, and shares of Dillard's ( DDS ), lower by about 14% on the day. In trading on Thursday, the Junior Gold Miners ETF ( GDXJ ) is outperforming other ETFs, up about 3% on the day. Components of that ETF showing particular strength include shares of Continental Gold (CNL.CA), up about 36.1% and shares of Silvercorp Metals (SVM.CA), up about 13% on the day.
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2017-05-11 00:00:00 UTC
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Mid-Day Market Update: Snap Tumbles After Q1 Report; Sangamo Shares Surge
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https://www.nasdaq.com/articles/mid-day-market-update-snap-tumbles-after-q1-report-sangamo-shares-surge-2017-05-11
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Midway through trading Thursday, the Dow traded down 0.57 percent to 20,823.37 while the NASDAQ declined 0.75 percent to 6,083.35. The S&P also fell, dropping 0.64 percent to 2,384.40.
Leading and Lagging Sectors
Non-cyclical consumer goods & services sector was the top gainer in the US market on Thursday. Top gainers in the sector included TETRA Technologies, Inc. (NYSE: TTI ), CARBO Ceramics Inc. (NYSE: CRR ), and Atwood Oceanics, Inc. (NYSE: ATW ).
In trading on Thursday, cyclical consumer goods & services shares were relative laggards, down on the day by about 0.98 percent. Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 13 percent, and Dillard's, Inc. (NYSE: DDS ), down 13 percent.
Top Headline
Macy's Inc (NYSE: M ) reported weaker-than-expected results for its first quarter.
Macy's said it earned $0.24 per share in the first quarter on revenue of $5.33 billion; Analysts were expecting the company to earn $0.34 per share on revenue of $5.55 billion.
Equities Trading UP
Sangamo Therapeutics Inc (NASDAQ: SGMO ) shares shot up 45 percent to $6.32 after the company reported a strategic collaboration with Pfizer Inc. (NYSE: PFE ) for Hemophilia A Phase 1/2 therapy program. The company also posted a narrower-than-expected quarterly loss.
Shares of Real Industry Inc (NASDAQ: RELY ) got a boost, shooting up 27 percent to $3.10 following Q1 results. Real Industry reported a Q1 loss of $0.43 per share on revenue of $337.1 million.
LivePerson, Inc. (NASDAQ: LPSN ) shares were also up, gaining 18 percent to $9.40. LivePerson posted in-line quarterly earnings, while sales exceeded estimates.
Equities Trading DOWN
ITUS Corp (NASDAQ: ITUS ) shares dropped 36 percent to $1.09. ITUS disclosed that it has priced its 3.5 million share offering at $1.05 per share.
Shares of Snap Inc (NYSE: SNAP ) were down around 19 percent to $18.64. Snap reported a Q1 loss of $2.31 per share, versus a year-ago loss of $0.14 per share. Its sales for the quarter came in at $149.64 million Daily active users grew to 166 million, up from 122 million in the year-ago period. JP Morgan lowered the price target on Snap from $24.00 to $20.00, while Citigroup cut the price target from $27.00 to $24.00.
Conatus Pharmaceuticals Inc (NASDAQ: CNAT ) was down, falling around 20 percent to $5.61. Conatus Pharmaceuticals priced its underwritten public offering of 5,200,000 shares at $5.50 per share.
Commodities
In commodity news, oil traded up 1.56 percent to $48.07 while gold traded up 0.62 percent to $1,226.50.
Silver traded up 0.42 percent Thursday to $16.275, while copper rose 0.70 percent to $2.512.
Eurozone
European shares were lower today. The eurozone's STOXX 600 dropped 0.73 percent, the Spanish Ibex Index fell 1.88 percent, while Italy's FTSE MIB Index fell 0.94 percent. Meanwhile the German DAX declined 0.67 percent, and the French CAC 40 slipped 0.71 percent while U.K. shares fell 0.11 percent.
Economics
U.S. initial jobless claims dropped 2,000 to 236,000 for the latest week. However, economists were expecting claims 245,000 to reach in the week.
The Producer Price Index rose 0.5 percent for April, versus economists' expectations for a 0.2 percent growth.
Supplies of natural gas increased 45 billion cubic feet for the week ended May 5, the U.S. Energy Information Administration reported. Analysts expected a gain of 53 billion cubic feet.
The Treasury is set to auction 30-year bonds at 1:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 13 percent, and Dillard's, Inc. (NYSE: DDS ), down 13 percent. In trading on Thursday, cyclical consumer goods & services shares were relative laggards, down on the day by about 0.98 percent. Equities Trading UP Sangamo Therapeutics Inc (NASDAQ: SGMO ) shares shot up 45 percent to $6.32 after the company reported a strategic collaboration with Pfizer Inc. (NYSE: PFE ) for Hemophilia A Phase 1/2 therapy program.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 13 percent, and Dillard's, Inc. (NYSE: DDS ), down 13 percent. Macy's said it earned $0.24 per share in the first quarter on revenue of $5.33 billion; Analysts were expecting the company to earn $0.34 per share on revenue of $5.55 billion. Equities Trading DOWN ITUS Corp (NASDAQ: ITUS ) shares dropped 36 percent to $1.09.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 13 percent, and Dillard's, Inc. (NYSE: DDS ), down 13 percent. Macy's said it earned $0.24 per share in the first quarter on revenue of $5.33 billion; Analysts were expecting the company to earn $0.34 per share on revenue of $5.55 billion. The eurozone's STOXX 600 dropped 0.73 percent, the Spanish Ibex Index fell 1.88 percent, while Italy's FTSE MIB Index fell 0.94 percent.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 13 percent, and Dillard's, Inc. (NYSE: DDS ), down 13 percent. Midway through trading Thursday, the Dow traded down 0.57 percent to 20,823.37 while the NASDAQ declined 0.75 percent to 6,083.35. LivePerson, Inc. (NASDAQ: LPSN ) shares were also up, gaining 18 percent to $9.40.
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719850.0
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2017-05-11 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Lower; Macy's Profit Misses Expectations
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DDS
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-lower-macys-profit-misses-expectations-2017-05-11
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Following the market opening Thursday, the Dow traded down 0.60 percent to 20,818.33 while the NASDAQ declined 0.68 percent to 6,087.65. The S&P also fell, dropping 0.60 percent to 2,385.12.
Leading and Lagging Sectors
Non-cyclical consumer goods & services sector was the top gainer in the US market on Thursday.
In trading on Thursday, cyclical consumer goods & services shares were relative laggards, down on the day by about 0.99 percent. Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 12 percent, and Dillard's, Inc. (NYSE: DDS ), down 10 percent.
Top Headline
Macy's Inc (NYSE: M ) reported weaker-than-expected results for its first quarter.
Macy's said it earned $0.24 per share in the first quarter on revenue of $5.33 billion; Analysts were expecting the company to earn $0.34 per share on revenue of $5.55 billion.
Equities Trading UP
Sangamo Therapeutics Inc (NASDAQ: SGMO ) shares shot up 52 percent to $6.60 after the company reported a strategic collaboration with Pfizer Inc. (NYSE: PFE ) for Hemophilia A Phase 1/2 therapy program. The company also posted a narrower-than-expected quarterly loss.
Shares of Real Industry Inc (NASDAQ: RELY ) got a boost, shooting up 20 percent to $2.95 following Q1 results. Real Industry reported a Q1 loss of $0.43 per share on revenue of $337.1 million.
LivePerson, Inc. (NASDAQ: LPSN ) shares were also up, gaining 16 percent to $9.25. LivePerson posted in-line quarterly earnings, while sales exceeded estimates.
Equities Trading DOWN
ITUS Corp (NASDAQ: ITUS ) shares dropped 36 percent to $1.05. ITUS disclosed that it has priced its 3.5 million share offering at $1.05 per share.
Shares of MannKind Corporation (NASDAQ: MNKD ) were down around 23 percent to $1.24 after climbing 42.86 percent on Wednesday. MannKind reported downbeat Q1 results.
Conatus Pharmaceuticals Inc (NASDAQ: CNAT ) was down, falling around 21 percent to $5.53. Conatus Pharmaceuticals priced its underwritten public offering of 5,200,000 shares at $5.50 per share.
Commodities
In commodity news, oil traded up 1.23 percent to $47.91 while gold traded up 0.19 percent to $1,221.20.
Silver traded up 0.05 percent Thursday to $16.215, while copper rose 0.66 percent to $2.51.
Eurozone
European shares were lower today. The eurozone's STOXX 600 dropped 0.42 percent, the Spanish Ibex Index fell 1.37 percent, while Italy's FTSE MIB Index fell 0.23 percent. Meanwhile the German DAX declined 0.11 percent, and the French CAC 40 slipped 0.17 percent while U.K. shares fell 0.03 percent.
Economics
U.S. initial jobless claims dropped 2,000 to 236,000 for the latest week. However, economists were expecting claims 245,000 to reach in the week.
The Producer Price Index rose 0.5 percent for April, versus economists' expectations for a 0.2 percent growth.
The Energy Information Administration's weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
The Treasury is set to auction 30-year bonds at 1:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 12 percent, and Dillard's, Inc. (NYSE: DDS ), down 10 percent. In trading on Thursday, cyclical consumer goods & services shares were relative laggards, down on the day by about 0.99 percent. Equities Trading UP Sangamo Therapeutics Inc (NASDAQ: SGMO ) shares shot up 52 percent to $6.60 after the company reported a strategic collaboration with Pfizer Inc. (NYSE: PFE ) for Hemophilia A Phase 1/2 therapy program.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 12 percent, and Dillard's, Inc. (NYSE: DDS ), down 10 percent. In trading on Thursday, cyclical consumer goods & services shares were relative laggards, down on the day by about 0.99 percent. Macy's said it earned $0.24 per share in the first quarter on revenue of $5.33 billion; Analysts were expecting the company to earn $0.34 per share on revenue of $5.55 billion.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 12 percent, and Dillard's, Inc. (NYSE: DDS ), down 10 percent. Shares of MannKind Corporation (NASDAQ: MNKD ) were down around 23 percent to $1.24 after climbing 42.86 percent on Wednesday. The eurozone's STOXX 600 dropped 0.42 percent, the Spanish Ibex Index fell 1.37 percent, while Italy's FTSE MIB Index fell 0.23 percent.
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Meanwhile, top losers in the sector included Macy's Inc (NYSE: M ), down 12 percent, and Dillard's, Inc. (NYSE: DDS ), down 10 percent. Following the market opening Thursday, the Dow traded down 0.60 percent to 20,818.33 while the NASDAQ declined 0.68 percent to 6,087.65. Top Headline Macy's Inc (NYSE: M ) reported weaker-than-expected results for its first quarter.
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390fe846-0e90-4c6a-ad89-d5689ac2ae89
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719851.0
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2017-05-11 00:00:00 UTC
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Dillard's (DDS) Surpasses Q1 Earnings & Revenue Forecasts
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DDS
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https://www.nasdaq.com/articles/dillards-dds-surpasses-q1-earnings-revenue-forecasts-2017-05-11
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Dillard's, Inc.DDS came out with first-quarter fiscal 2017 results, wherein earnings of $2.12 surpassed the Zacks Consensus Estimate of $1.98, while it declined 2.3% from $2.17 per share recorded in the year-ago period.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable in the past 30 days. However, Dillard's performance in the trailing four quarters gives a negative picture. In the trailing four quarters, excluding the quarter under review, the company underperformed the Zacks Consensus Estimate by an average of 11.6%.
Dillard's, Inc. Price and EPS Surprise
Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote
Revenues: Dillard's generated total revenue of $1,452.9 million, beating the Zacks Consensus Estimate of $1,450 million, but down 5.6% year over year. Further, comparable store sales descended 4% in the quarter.
Key Events: Dillard's repurchased 1.7 million Class A shares worth nearly $91.1 million during the first quarter, as part of its buyback plan of $500 million announced in Feb 2016. As of Apr 29, 2017, the company had authorization worth $162.7 million remaining under the plan.
Zacks Rank: Currently, Dillard's carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc.DDS came out with first-quarter fiscal 2017 results, wherein earnings of $2.12 surpassed the Zacks Consensus Estimate of $1.98, while it declined 2.3% from $2.17 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Dillard's, Inc.DDS came out with first-quarter fiscal 2017 results, wherein earnings of $2.12 surpassed the Zacks Consensus Estimate of $1.98, while it declined 2.3% from $2.17 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. Price and EPS Surprise Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote Revenues: Dillard's generated total revenue of $1,452.9 million, beating the Zacks Consensus Estimate of $1,450 million, but down 5.6% year over year.
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Dillard's, Inc.DDS came out with first-quarter fiscal 2017 results, wherein earnings of $2.12 surpassed the Zacks Consensus Estimate of $1.98, while it declined 2.3% from $2.17 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. Price and EPS Surprise Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote Revenues: Dillard's generated total revenue of $1,452.9 million, beating the Zacks Consensus Estimate of $1,450 million, but down 5.6% year over year.
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Dillard's, Inc.DDS came out with first-quarter fiscal 2017 results, wherein earnings of $2.12 surpassed the Zacks Consensus Estimate of $1.98, while it declined 2.3% from $2.17 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. In the trailing four quarters, excluding the quarter under review, the company underperformed the Zacks Consensus Estimate by an average of 11.6%.
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bf4bbc43-0be3-48b5-b990-81b173ce16f7
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719852.0
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2017-05-11 00:00:00 UTC
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Why Department Store Stocks Got Clobbered Today
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DDS
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https://www.nasdaq.com/articles/why-department-store-stocks-got-clobbered-today-2017-05-11
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What happened
Department store stocks were plummeting again Thursday after Macy's (NYSE: M) and Kohl's (NYSE: KSS) delivered weak revenue figures in their first-quarter reports.
The results weighed on peers including Nordstrom (NYSE: JWN) , J.C. Penney (NYSE: JCP) , Dillard's (NYSE: DDS) , which also reported earnings Thursday morning, J.C. Penney (NYSE: JCP) , and Sears Holdings (NASDAQ: SHLD) .
As of 11:54 a.m. EDT, those stocks were down anywhere from 6.1% to 13.8%.
So what
Macy's, which is generally considered the leader of the industry and the quintessential department store chain, set the tone with its report.
It was another ugly quarter for Macy's as comparable sales fell 5.2% at owned stores and 4.6% when licensed stores were included. That, along with its recent store closures, pushed overall revenue down 7.5% to $5.34 billion, which missed expectations of $5.47 billion.
Things were even worse on the bottom line as adjusted earnings per share fell from $0.40 to $0.24, well below the analyst consensus at $0.34. In other words, Macy's sales and profits are evaporating much faster than the experts had anticipated. Inventories also rose 4.2% in the quarter, a sign that the company had expected greater traffic. That should also lead to more markdowns in the current quarter.
Nonetheless, CEO Jeff Gennette said results were "consistent with expectations," and the company maintained its full-year guidance of a decline of 2%-3% in comparable sales and EPS of $3.37 to $3.62. Excluding the sale of its San Francisco Union Square men's stores, EPS would be $2.90 to $3.15. That compares to $3.11 a year ago.
Despite the weak numbers, Gennette touted the performance of pilot programs in categories like jewelry and women's shoes, and said it would work to stabilize its brick-and-mortar locations. Macy's continues to open free standing BlueMercury beauty stores and off-price Backstage inside of existing Macy's, while it closes some of its full-line stores .
At Kohl's, meanwhile, the stock was up briefly when the market opened as the retailer beat earnings estimates in spite of weak sales results, but quickly went into the red as investors turned sour on the department store sector.
Kohl's said comparable store sales fell 2.7% in the quarter, a modest improvement from a 3.9% decline a year ago, and overall sales fell 3.2% to $3.84 billion, which missed estimates at $3.9 billion. On the bottom line, however, adjusted earnings per share increased from $0.31 a year ago to $0.39 as gross margins improved and SG&A costs fell and it reduced its share count by 7%. Analysts had instead expected earnings per share to fall to $0.29.
CEO Kevin Mansell said, "We are encouraged by significant improvement in sales and traffic for the March and April period, after a weak February start to the first quarter." He also noted strong inventory management, which led to increased gross margins.
Now what
The latest results make it clear that the headwinds in the department store sector remain strong . E-commerce has removed much of the need to visit all-encompassing stores like these mall anchors, and these retailers continue to lose share to off-price merchants like TJX Companies and fast fashion retailers like H&M and Uniqlo. The structural disadvantages are beginning to look overwhelming, especially as the company mainly sells other brands, rather than proprietary product, that are widely available in other stores and online.
It's clear why these stocks are trading in tandem. The forces affecting them are greater than the individual advantage of any one company. We'll learn more when Nordstrom reports earnings Thursday night and J.C. Penney does Friday morning, but the long-term picture continues to look bleak.
10 stocks we like better than Macy's
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Jeremy Bowman owns shares of J.C. Penney. The Motley Fool recommends Nordstrom. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The results weighed on peers including Nordstrom (NYSE: JWN) , J.C. Penney (NYSE: JCP) , Dillard's (NYSE: DDS) , which also reported earnings Thursday morning, J.C. Penney (NYSE: JCP) , and Sears Holdings (NASDAQ: SHLD) . Despite the weak numbers, Gennette touted the performance of pilot programs in categories like jewelry and women's shoes, and said it would work to stabilize its brick-and-mortar locations. At Kohl's, meanwhile, the stock was up briefly when the market opened as the retailer beat earnings estimates in spite of weak sales results, but quickly went into the red as investors turned sour on the department store sector.
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The results weighed on peers including Nordstrom (NYSE: JWN) , J.C. Penney (NYSE: JCP) , Dillard's (NYSE: DDS) , which also reported earnings Thursday morning, J.C. Penney (NYSE: JCP) , and Sears Holdings (NASDAQ: SHLD) . Kohl's said comparable store sales fell 2.7% in the quarter, a modest improvement from a 3.9% decline a year ago, and overall sales fell 3.2% to $3.84 billion, which missed estimates at $3.9 billion. On the bottom line, however, adjusted earnings per share increased from $0.31 a year ago to $0.39 as gross margins improved and SG&A costs fell and it reduced its share count by 7%.
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The results weighed on peers including Nordstrom (NYSE: JWN) , J.C. Penney (NYSE: JCP) , Dillard's (NYSE: DDS) , which also reported earnings Thursday morning, J.C. Penney (NYSE: JCP) , and Sears Holdings (NASDAQ: SHLD) . It was another ugly quarter for Macy's as comparable sales fell 5.2% at owned stores and 4.6% when licensed stores were included. At Kohl's, meanwhile, the stock was up briefly when the market opened as the retailer beat earnings estimates in spite of weak sales results, but quickly went into the red as investors turned sour on the department store sector.
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The results weighed on peers including Nordstrom (NYSE: JWN) , J.C. Penney (NYSE: JCP) , Dillard's (NYSE: DDS) , which also reported earnings Thursday morning, J.C. Penney (NYSE: JCP) , and Sears Holdings (NASDAQ: SHLD) . Inventories also rose 4.2% in the quarter, a sign that the company had expected greater traffic. At Kohl's, meanwhile, the stock was up briefly when the market opened as the retailer beat earnings estimates in spite of weak sales results, but quickly went into the red as investors turned sour on the department store sector.
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719853.0
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2017-05-10 00:00:00 UTC
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Is Dillard's (DDS) Likely to Disappoint in Q1 Earnings?
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DDS
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https://www.nasdaq.com/articles/is-dillards-dds-likely-to-disappoint-in-q1-earnings-2017-05-10
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nan
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Dillard's Inc.DDS is expected to report first-quarter 2017 results on May 11, 2017. The big question facing investors is whether this department store chain featuring fashion apparel and home furnishings will be able to deliver a positive earnings surprise in the quarter to be reported.
Last quarter, the company reported negative earnings surprise of 20.9%. In fact, the company has missed the Zacks Consensus Estimate in three of the trailing four quarters, with an average negative surprise of 11.6%. Let's see how things are shaping up for this announcement.
Dillard's, Inc. Price and EPS Surprise
Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote
Factors Influencing This Quarter
Dillard's has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online. Additionally, raw material price volatility, macroeconomic challenges and competition remain major concerns for the company. These factors have been weighing on financial performance for a while now.
Evidently, Dillard's lagged earnings estimates for the second straight quarter in fourth-quarter fiscal 2016. Further, it posted lower-than-expected sales in the last reported quarter, after posting four straight beats. Moreover, both the top line and bottom line plunged year over year.
Going forward, we believe the challenging trends in the retail sector will persist as brick-and-mortar stores continue to lose sheen to the rising online businesses. Further, Dillard's fiscal 2017 outlook indicates significant cost pressures, which might hurt margins and earnings.
However, Dillard's niche position among fashion apparel, cosmetics and home furnishing retailers cannot be ignored. Driven by efforts to uphold growth at the brick-and-mortar stores, the company is likely to gain from better brand relations, focus on in-trend categories, store remodels and rewarding store personnel. Alongside, the company focuses on enhancing merchandise assortments and effective inventory management to boost growth across the eCommerce business.
Though the company's shares continue to decline on account of the challenges in the retail space, it has considerably outperformed the Zacks categorized Retail - Regional Department Stores industry. Year to date, the stock dipped nearly 9.3%, while the broader industry declined 21.9%.
Earnings Whispers
Our proven model does not conclusively show that Dillard's is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Dillard's currently has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.98. You may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Dillard's currently has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks that Warrant a Look
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Home Depot Inc HD , slated to release earnings on May 16, currently has an Earnings ESP of +1.24% and a Zacks Rank #2 (Buy).
Wal-Mart Stores Inc. WMT , scheduled to release earnings on May 18, currently has an Earnings ESP of +1.04% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Best Buy Co. Inc. BBY , scheduled to release earnings on May 25, currently has an Earnings ESP of +12.50% and a Zacks Rank #2.
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Home Depot, Inc. (The) (HD): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc.DDS is expected to report first-quarter 2017 results on May 11, 2017. Click to get this free report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The big question facing investors is whether this department store chain featuring fashion apparel and home furnishings will be able to deliver a positive earnings surprise in the quarter to be reported.
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Click to get this free report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS is expected to report first-quarter 2017 results on May 11, 2017. Dillard's, Inc. Price and EPS Surprise Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote Factors Influencing This Quarter Dillard's has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online.
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Click to get this free report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS is expected to report first-quarter 2017 results on May 11, 2017. Dillard's, Inc. Price and EPS Surprise Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote Factors Influencing This Quarter Dillard's has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online.
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Dillard's Inc.DDS is expected to report first-quarter 2017 results on May 11, 2017. Click to get this free report Home Depot, Inc. (The) (HD): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Last quarter, the company reported negative earnings surprise of 20.9%.
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719854.0
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2017-05-10 00:00:00 UTC
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Why Macy’s Inc (M) Stock Still Has a Chance to Breathe Again
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DDS
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https://www.nasdaq.com/articles/why-macys-inc-m-stock-still-has-a-chance-to-breathe-again-2017-05-10
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If it wasn't obvious before, it should be now. In the retail sector, you are either online or you are out of line. Although exceptions exist - Best Buy Co Inc (NYSE: BBY ) is a prime example - the brick-and-mortar format is excruciatingly frustrating. In particular, Macy's Inc (NYSE: M ) is finding out that consumers are no longer willing to pay brand premiums.
Year-to-date, Macy's stock is down 17%. Rival Nordstrom, Inc . (NYSE: JWN ) is comparatively superior at 3% YTD.
However, JWN's technical picture has been awfully volatile over the past two years. Any victory in the markets is likely short-lived. Luxury department store Dillard's, Inc . (NYSE: DDS ) is also experiencing similar woes, with shares down 7.4% YTD.
Here's the scary thought about the luxury discretionary sector - consumption is up, way up. According to the U.S. Bureau of Economic Analysis, personal expenditures in the first quarter of 2017 jumped 4.8% from the year-ago quarter. In fact, this is the biggest jump we've seen in first-quarter consumption this decade.
These expenditure figures are a credibility boost for President Trump, but they're worrisome for Macy's and M stock investors. The American people are clearly opening their wallets again. The real issue is where they're spending their money. If we look at the charts, it's not at the iconic retailer.
To their credit, management has been working hard to return value to Macy's stock. The company is shedding dead weight through store closures , and they're continuously improving their e-commerce channels. Will these efforts pay off for their upcoming earnings report?
Managing Expectations for Macy's Stock Earnings
For the first quarter of their fiscal year 2018, M stock is expected to hit an earnings-per-share target of 34 cents. Given the bearish circumstances of the retail market, this is on the optimistic range. At the top end, analysts forecasted a 40 cent EPS target, while the bottom is pegged at 25 cents.
7 Stocks to Buy Now for BIG Summer Outperformance
In the prior year Q1, M stock registered an EPS of 40 cents, beating the consensus estimate of 36 cents. However, any beat will be difficult to achieve this time around, especially one with a near-12% positive surprise. Particularly concerning is the declining trend of their holiday earnings. Although Macy's beat Q4 estimates last year, its results were lower than FY2016 and FY2015 figures.
That compounds the problem created by e-commerce competitors - namely, reduction in foot traffic. And if consumers can't be bothered with shopping at Macy's during the holidays, where will M stock make it up?
The revenue side of the equation doesn't help the overall picture. For Q1, analyst estimates range from $5.4 billion to $5.7 billion, with consensus landing at $5.5 billion. Based on prior sales results, Macy's stock could very well hit the consensus. However, that's all that the famed retailer has been doing. At some point, investors will want to see some productivity.
M Stock Might Be on the Road to Recovery
On a technical scale, I wouldn't expect too many fireworks to erupt from the M stock earnings report. Over the last four Q1 reports, Macy's shares averaged a loss of 1%, as a next-day response to the results. Therefore, the historical trend suggests a negative reaction, but a small one. This makes sense, considering that the "big one" is the retailer's Q4 report.
Why Amazon.com, Inc. (AMZN) Stock Has More Than 25% Upside
Moving forward, the general sentiment towards Macy's stock is obviously not pleasant. However, the bullish argument asserts that much of the bad news is already baked in. With a leaner, meaner Macy's, it's more difficult for Amazon.com, Inc . (NASDAQ: AMZN ) to render appreciable damage.
Click to Enlarge As SlingShot editors John Jagerson and Wade Hansen note, M stock has broken down into a consolidation range. This sideways price action has been in play for the past month, from which they expect a breakout.
Looking at Macy's stock from a wider scale, I agree. M shares might be in the middle of forming a rounding bottom pattern. The volatility's intensity has definitely subsided since the tumbling that began in July 2015. Subsequent selloffs were intense, but nowhere near what we saw almost two years ago.
This analysis doesn't guarantee the stoppage of further pain. However, as a contrarian play, I think M stock offers a reasonable risk-to-reward balance. Wall Street is acclimated to the retail ugliness. If Macy's management can further impress the markets through a solid recovery strategy, M shares could be a strong opportunity.
As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities.
More From InvestorPlace
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The post Why Macy's Inc (M) Stock Still Has a Chance to Breathe Again appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(NYSE: DDS ) is also experiencing similar woes, with shares down 7.4% YTD. These expenditure figures are a credibility boost for President Trump, but they're worrisome for Macy's and M stock investors. The company is shedding dead weight through store closures , and they're continuously improving their e-commerce channels.
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(NYSE: DDS ) is also experiencing similar woes, with shares down 7.4% YTD. InvestorPlace - Stock Market News, Stock Advice & Trading Tips If it wasn't obvious before, it should be now. Managing Expectations for Macy's Stock Earnings For the first quarter of their fiscal year 2018, M stock is expected to hit an earnings-per-share target of 34 cents.
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(NYSE: DDS ) is also experiencing similar woes, with shares down 7.4% YTD. Managing Expectations for Macy's Stock Earnings For the first quarter of their fiscal year 2018, M stock is expected to hit an earnings-per-share target of 34 cents. 7 Stocks to Buy Now for BIG Summer Outperformance In the prior year Q1, M stock registered an EPS of 40 cents, beating the consensus estimate of 36 cents.
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(NYSE: DDS ) is also experiencing similar woes, with shares down 7.4% YTD. Year-to-date, Macy's stock is down 17%. However, JWN's technical picture has been awfully volatile over the past two years.
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2017-05-10 00:00:00 UTC
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Department Store Stocks Earnings on May 11: M, KSS, DDS
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DDS
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https://www.nasdaq.com/articles/department-store-stocks-earnings-on-may-11%3A-m-kss-dds-2017-05-10
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With the Q1 earnings season drawing to a close, quarterly numbers from most comapnies are already on board. Notably, the majority of the companies have delivered positive surprises, making this earnings season the highest in terms of growth since many years. As per the latest Earnings Preview report of May 5, only about 18% of the S&P 500 members are yet to report their earnings. As per the report, earnings of total S&P 500 companies are expected to improve 12.7% with revenues increasing 6.2%, from the year-ago period.
The report further suggests that out of the 412 S&P 500 companies that have come up with their quarterly numbers, approximately 73.3% reported positive earnings surprise, while 67.7% beat top-line estimates. Notably, the earnings of the companies that have reported so far are up by 14.2% from the year-ago period while revenues increased 7.3%.
The performance of the index is not restricted to a single sector and out of the 16 Zacks sectors, three are expected to witness a decline in earnings this season with Transportation and Autos likely to be the major drags. The Retail-Wholesale sector, which occupies the bottom most position of the Zacks Classified sectors, is anticipated to witness a decline of 2.2% in total earnings while revenues are expected to advance 3.3%.
As of May 5, 42.9% of the S&P 500 companies in the Retail-Wholesale segment have reported earnings. Out of these, 61.1% companies have posted an earnings beat, while 66.7% surpassed revenue estimates.
Department Store stocks forms part of the Retail-Wholesale sector. Bearing these factors in mind, let's see what awaits the following department stocks when they release their quarterly results on May 11.
Macy's, Inc.M a leading department store in the U.S is slated to report first-quarter 2017 earnings before the stock market opens. Macy's has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 35 cents. Further, the company's Zacks Rank #3 (Hold) was recently downgraded to Zacks Rank #4 (Sell), It is to be noted that we caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions. Thus, our proven model does not conclusively show earnings beat for Macy'sthis quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 for this to happen. You may uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Macy's Inc Price, Consensus and EPS Surprise
Macy's Inc Price, Consensus and EPS Surprise | Macy's Inc Quote
Nevertheless, the company posted a positive earnings surprise of 2.5% in the preceding quarter. In order to improve sales, profits and cash flows, the company has been focusing on integration of operations as well as developing eCommerce business and Macy's Backstage off-price business. However, Macy's dwindling top-line and bottom-line results remain the primary threat for investors. A competitive retail landscape, a mature domestic market and cautious consumer spending also continue to pose concerns. (Read more: Will Q1 Earnings Hold a Surprise for Macy's Stock? )
Another Department Store stock, Kohl's CorporationKSS is scheduled to report first-quarter earnings before the markets open. The company has an earnings ESP of +3.70% as the Most Accurate estimate of 28 cents in pegged higher than the Zacks Consensus Estimate of 27 cents. However, the company's Zacks Rank #4 makes surprise prediction difficult. You can see the complete list of today's Zacks #1 Rank stocks here .
Kohl's Corporation Price, Consensus and EPS Surprise
Kohl's Corporation Price, Consensus and EPS Surprise | Kohl's Corporation Quote
The company has outpaced the Zacks Consensus Estimate earnings in three out of the trailing four quarters, with an average positive surprise of 7.98%. However, maintaining the positive earnings streak seems to be challenging given the sluggish top-line performance as well as difficult retail sales scenario. Despite Kohl's continuous efforts to improve base business, its strategic initiative, 'Greatness Agenda' is failing to deliver positive results. (Read more: Will Sluggish Comps Dampen Kohl's Earnings in Q1? ).
Now, let's take a sneak peek at Dillard's, Inc.DDS , anticipated to release first-quarter earnings report. The company has a Zacks Rank #4 and an earnings ESP of 0.00% since both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.98. In the trailing four quarters, the company posted a negative average earnings surprise of 11.6%.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote
Dillard's has been loosing ground lately due to challenges in the apparel retail segment Competition, price volatility and the rapidly changing consumer preferences have impacted the company's financial performance. Challenging trends in the sector are expected to persist as brick-and-mortar stores continue to lose sheen to the rising online businesses. Nevertheless, Dillard's position in the sector offers it opportunities in both online and offline businesses. Strategies such as enhancing merchandise assortments and effective inventory management are expected to boost growth across its eCommerce business. (Read more: Is Dillard's Likely to Disappoint in Q1 Earnings? ).
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Macy's Inc (M): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now, let's take a sneak peek at Dillard's, Inc.DDS , anticipated to release first-quarter earnings report. Click to get this free report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the majority of the companies have delivered positive surprises, making this earnings season the highest in terms of growth since many years.
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Click to get this free report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Now, let's take a sneak peek at Dillard's, Inc.DDS , anticipated to release first-quarter earnings report. Macy's Inc Price, Consensus and EPS Surprise Macy's Inc Price, Consensus and EPS Surprise | Macy's Inc Quote Nevertheless, the company posted a positive earnings surprise of 2.5% in the preceding quarter.
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Click to get this free report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Now, let's take a sneak peek at Dillard's, Inc.DDS , anticipated to release first-quarter earnings report. Macy's Inc Price, Consensus and EPS Surprise Macy's Inc Price, Consensus and EPS Surprise | Macy's Inc Quote Nevertheless, the company posted a positive earnings surprise of 2.5% in the preceding quarter.
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Now, let's take a sneak peek at Dillard's, Inc.DDS , anticipated to release first-quarter earnings report. Click to get this free report Macy's Inc (M): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. The report further suggests that out of the 412 S&P 500 companies that have come up with their quarterly numbers, approximately 73.3% reported positive earnings surprise, while 67.7% beat top-line estimates.
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2017-05-09 00:00:00 UTC
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Noteworthy Tuesday Option Activity: AVGO, DDS, LULU
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-avgo-dds-lulu-2017-05-09
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Broadcom Ltd (Symbol: AVGO), where a total volume of 8,860 contracts has been traded thus far today, a contract volume which is representative of approximately 886,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.9% of AVGO's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $240 strike call option expiring June 02, 2017 , with 928 contracts trading so far today, representing approximately 92,800 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $240 strike highlighted in orange:
Dillard's Inc. (Symbol: DDS) saw options trading volume of 2,386 contracts, representing approximately 238,600 underlying shares or approximately 42% of DDS's average daily trading volume over the past month, of 568,595 shares. Especially high volume was seen for the $62.50 strike call option expiring August 18, 2017 , with 2,050 contracts trading so far today, representing approximately 205,000 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $62.50 strike highlighted in orange:
And lululemon athletica inc (Symbol: LULU) saw options trading volume of 12,966 contracts, representing approximately 1.3 million underlying shares or approximately 41.2% of LULU's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $52.50 strike call option expiring May 12, 2017 , with 1,676 contracts trading so far today, representing approximately 167,600 underlying shares of LULU. Below is a chart showing LULU's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
For the various different available expirations for AVGO options , DDS options , or LULU options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $62.50 strike call option expiring August 18, 2017 , with 2,050 contracts trading so far today, representing approximately 205,000 underlying shares of DDS. Below is a chart showing AVGO's trailing twelve month trading history, with the $240 strike highlighted in orange: Dillard's Inc. (Symbol: DDS) saw options trading volume of 2,386 contracts, representing approximately 238,600 underlying shares or approximately 42% of DDS's average daily trading volume over the past month, of 568,595 shares. Below is a chart showing DDS's trailing twelve month trading history, with the $62.50 strike highlighted in orange: And lululemon athletica inc (Symbol: LULU) saw options trading volume of 12,966 contracts, representing approximately 1.3 million underlying shares or approximately 41.2% of LULU's average daily trading volume over the past month, of 3.1 million shares.
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Below is a chart showing AVGO's trailing twelve month trading history, with the $240 strike highlighted in orange: Dillard's Inc. (Symbol: DDS) saw options trading volume of 2,386 contracts, representing approximately 238,600 underlying shares or approximately 42% of DDS's average daily trading volume over the past month, of 568,595 shares. Below is a chart showing DDS's trailing twelve month trading history, with the $62.50 strike highlighted in orange: And lululemon athletica inc (Symbol: LULU) saw options trading volume of 12,966 contracts, representing approximately 1.3 million underlying shares or approximately 41.2% of LULU's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $62.50 strike call option expiring August 18, 2017 , with 2,050 contracts trading so far today, representing approximately 205,000 underlying shares of DDS.
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Below is a chart showing AVGO's trailing twelve month trading history, with the $240 strike highlighted in orange: Dillard's Inc. (Symbol: DDS) saw options trading volume of 2,386 contracts, representing approximately 238,600 underlying shares or approximately 42% of DDS's average daily trading volume over the past month, of 568,595 shares. Below is a chart showing DDS's trailing twelve month trading history, with the $62.50 strike highlighted in orange: And lululemon athletica inc (Symbol: LULU) saw options trading volume of 12,966 contracts, representing approximately 1.3 million underlying shares or approximately 41.2% of LULU's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $62.50 strike call option expiring August 18, 2017 , with 2,050 contracts trading so far today, representing approximately 205,000 underlying shares of DDS.
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Below is a chart showing AVGO's trailing twelve month trading history, with the $240 strike highlighted in orange: Dillard's Inc. (Symbol: DDS) saw options trading volume of 2,386 contracts, representing approximately 238,600 underlying shares or approximately 42% of DDS's average daily trading volume over the past month, of 568,595 shares. Especially high volume was seen for the $62.50 strike call option expiring August 18, 2017 , with 2,050 contracts trading so far today, representing approximately 205,000 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $62.50 strike highlighted in orange: And lululemon athletica inc (Symbol: LULU) saw options trading volume of 12,966 contracts, representing approximately 1.3 million underlying shares or approximately 41.2% of LULU's average daily trading volume over the past month, of 3.1 million shares.
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2017-04-21 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Amazon, Macy's, JC Penney's, Kohl's and Dillard's
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DDS
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-amazon-macys-jc-penneys-kohls-and-dillards-2017-04-21
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For Immediate Release
Chicago, IL - April 21, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Amazon (NASDAQ: AMZN- Free Report ), Macy's (NYSE: M- Free Report ), JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ) and Dillard's (NYSE: DDS- Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Amazon Has Patented On-Demands Clothing: Here's Why
Most of us are generally familiar with the concept of just-in-time inventory, but ecommerce giant Amazon (NASDAQ: AMZN- Free Report ) is now set to take that concept to a whole new level. At least as far as apparel/fashion is concerned.
This Zacks Rank #3 (Hold) company has won a patent for on-demand clothing that it applied for back in 2015.
Patent Details
Two of the inventors, Aaron Barnet and Nancy Liang are co-founders of the 3-D printing startup Mixee Labs that the company bought back in Feb 2015. So 3D printing will likely play a role.
The patent is essentially for an entire system of manufacturing apparel from the point of collecting orders by a "computing device"; deciding on the most efficient method of production based on geography, fabric type, assembly process or other criteria; printing the fabric, cutting and so forth.
The patent reads: "Once various textile products are printed, cut and assembled according to the orders, they can be processed through a quality check, photographed for placement in an electronic commerce system, shipped to customers and/or stored in a materials handling facility for order fulfillment. By aggregating orders from various geographic locations and coordinating apparel assembly processes on a large scale, the embodiments provide new ways to increase efficiency in apparel manufacturing."
It's also careful to mention that the technology won't be limited to clothing alone but can be applied to fabric products, accessories (e.g., scarves, gloves, hats, bags, belts, etc.), footwear, bedding, curtains, towels, etc., in a wide variety of materials including, but not limited to paper, plastic, leather, rubber and other materials.
What Could Amazon Be Up To?
It's exciting to think that we could choose our print, cut and make of clothing and then have somebody deliver our choice to our doorstep. But that is likely not Amazon's intention because it won't help drive efficiency or lower cost, and would most definitely be a very cumbersome project.
On the other hand, consider that Amazon already deals with a large number of third-party sellers that use its Fulfilled by Amazon (FBA) service. Amazon also said that active sellers in FBA grew 70% year-over-year in 2016 and fulfilled units (both FBA and otherwise) grew 40%. That means Amazon is stocking a steadily increasing amount of inventory at its warehouses to help it quickly handle both deliveries and returns. If it can collaborate with sellers to make the process more efficient, it could save costs while also increasing customer satisfaction.
The other possibility (a strong one) is that Amazon would like to further expand its own fabric categories from the eight it currently has and take its in-house brands to new fast-growing geographies.
Conclusion
What exactly Amazon intends to do with this technology is of course an open question right now. But a couple of years back, John Blackledge of Cowen & Co expected the company to become the largest clothing retailer by 2017-end, overtaking Macy's (NYSE: M- Free Report ) and also leaving other retailers like JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ), Dillard's (NYSE: DDS- Free Report ) and Epic Stores in the dust. Amazon doesn't break out these sales but patents like this one indicate that its plans are deep. So after books and electronics, apparel could really be the next big thing for the ecommerce giant.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include Amazon (NASDAQ: AMZN- Free Report ), Macy's (NYSE: M- Free Report ), JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ) and Dillard's (NYSE: DDS- Free Report ). But a couple of years back, John Blackledge of Cowen & Co expected the company to become the largest clothing retailer by 2017-end, overtaking Macy's (NYSE: M- Free Report ) and also leaving other retailers like JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ), Dillard's (NYSE: DDS- Free Report ) and Epic Stores in the dust. Get the full Report on AMZN - FREE Get the full Report on M - FREE Get the full Report on JCP - FREE Get the full Report on KSS - FREE Get the full Report on DDS - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Stocks recently featured in the blog include Amazon (NASDAQ: AMZN- Free Report ), Macy's (NYSE: M- Free Report ), JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ) and Dillard's (NYSE: DDS- Free Report ). But a couple of years back, John Blackledge of Cowen & Co expected the company to become the largest clothing retailer by 2017-end, overtaking Macy's (NYSE: M- Free Report ) and also leaving other retailers like JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ), Dillard's (NYSE: DDS- Free Report ) and Epic Stores in the dust. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Amazon (NASDAQ: AMZN- Free Report ), Macy's (NYSE: M- Free Report ), JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ) and Dillard's (NYSE: DDS- Free Report ). Get the full Report on AMZN - FREE Get the full Report on M - FREE Get the full Report on JCP - FREE Get the full Report on KSS - FREE Get the full Report on DDS - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Macy's Inc (M): Free Stock Analysis Report J.C. Penney Company, Inc. Holding Company (JCP): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Amazon (NASDAQ: AMZN- Free Report ), Macy's (NYSE: M- Free Report ), JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ) and Dillard's (NYSE: DDS- Free Report ). But a couple of years back, John Blackledge of Cowen & Co expected the company to become the largest clothing retailer by 2017-end, overtaking Macy's (NYSE: M- Free Report ) and also leaving other retailers like JC Penney's (NYSE: JCP- Free Report ), Kohl's (NYSE: KSS- Free Report ), Dillard's (NYSE: DDS- Free Report ) and Epic Stores in the dust. Get the full Report on AMZN - FREE Get the full Report on M - FREE Get the full Report on JCP - FREE Get the full Report on KSS - FREE Get the full Report on DDS - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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2017-04-20 00:00:00 UTC
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New Strong Sell Stocks for April 20th
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DDS
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-april-20th-2017-04-20
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Dillard's, Inc.DDS is a major fashion apparel and home furnishings retailer. The Zacks Consensus Estimate for its current year earnings has been revised 0.6% downward over the last 30 days.
Dr. Reddy's Laboratories LimitedRDY is an integrated pharmaceutical company globally. The Zacks Consensus Estimate for its current year earnings has been revised 7.7% downward over the last 30 days.
Ford Motor CompanyF is an automobile manufacturing company. The Zacks Consensus Estimate for its current year earnings has been revised 4.5% downward over the last 30 days.
VTTI ENERGY PARTNERS LPVTTI is an energy company. The Zacks Consensus Estimate for its current year earnings has been revised 8.4% downward over the last 30 days.
Texas Roadhouse, Inc.TXRH is a restaurant chain company. The Zacks Consensus Estimate for its current year earnings has been revised 0.6% downward over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ford Motor Company (F): Free Stock Analysis Report
Dr. Reddy's Laboratories Ltd (RDY): Free Stock Analysis Report
VTTI Energy Partners LP (VTTI): Free Stock Analysis Report
Texas Roadhouse, Inc. (TXRH): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Dillard's, Inc.DDS is a major fashion apparel and home furnishings retailer. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Dr. Reddy's Laboratories Ltd (RDY): Free Stock Analysis Report VTTI Energy Partners LP (VTTI): Free Stock Analysis Report Texas Roadhouse, Inc. (TXRH): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 0.6% downward over the last 30 days.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Dr. Reddy's Laboratories Ltd (RDY): Free Stock Analysis Report VTTI Energy Partners LP (VTTI): Free Stock Analysis Report Texas Roadhouse, Inc. (TXRH): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Dillard's, Inc.DDS is a major fashion apparel and home furnishings retailer. The Zacks Consensus Estimate for its current year earnings has been revised 0.6% downward over the last 30 days.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Dr. Reddy's Laboratories Ltd (RDY): Free Stock Analysis Report VTTI Energy Partners LP (VTTI): Free Stock Analysis Report Texas Roadhouse, Inc. (TXRH): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Dillard's, Inc.DDS is a major fashion apparel and home furnishings retailer. The Zacks Consensus Estimate for its current year earnings has been revised 0.6% downward over the last 30 days.
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Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Dr. Reddy's Laboratories Ltd (RDY): Free Stock Analysis Report VTTI Energy Partners LP (VTTI): Free Stock Analysis Report Texas Roadhouse, Inc. (TXRH): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Dillard's, Inc.DDS is a major fashion apparel and home furnishings retailer. View the entire Zacks Rank #5 List .
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5feb263f-3503-43ae-9a24-31f9cd1af319
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719859.0
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2017-04-10 00:00:00 UTC
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Dillard's in the Red: Can Strategies Reinforce Growth?
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DDS
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https://www.nasdaq.com/articles/dillards-in-the-red%3A-can-strategies-reinforce-growth-2017-04-10
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nan
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nan
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Dillard's Inc.DDS has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online. Additionally, raw material price volatility, macroeconomic challenges and competition remain major concerns for the company. These factors have been weighing on its financial performance for a while now.
Evidently, Dillard's lagged earnings estimates for the second straight quarter in fourth-quarter fiscal 2016. Looking further behind, we note that the company has missed earnings estimates in five of the trailing six quarters, delivering an average negative surprise of 11.6% in the trailing four quarters. Further, it posted lower-than-expected sales in the last reported quarter, after posting four straight beats. Moreover, both the top line and bottom line plunged year over year.
Plagued by the challenges in the retail space and the disappointing financial performance, shares of this Zacks Rank #4 (Sell) company has underperformed the Zacks categorized Retail-Wholesale sector. Year to date, the stock declined nearly 19.4%, while the broader sector gained 7.1%.
Furthermore, a look at the company's estimates reveals a considerable downside in the last seven days. The Zacks Consensus Estimate has dipped 3 cents for both first-quarter fiscal 2017 and fiscal 2017 to $1.98 and $4.44, respectively.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote
What Lies Ahead?
Going forward, we believe the challenging trends in the retail sector will persist as brick-and-mortar stores continue to lose sheen to the rising online businesses. Further, the fiscal 2017 outlook indicates significant cost pressures, which might hurt margins and earnings.
However, Dillard's niche position among fashion apparel, cosmetics and home furnishing retailers cannot be ignored. Driven by efforts to uphold growth at the brick-and- mortar stores, the company is likely to gain from better brand relations, focus on in-trend categories, store remodels and rewarding store personnel.
Alongside, the company focuses on enhancing merchandise assortments and effective inventory management to boost growth across the eCommerce business. We expect both the top line and bottom line to gain not only from increasing productivity at the existing stores, but also by developing a leading omni-channel platform and enhancing domestic operations in the years ahead.
Bottom Line
Dillard's focus on increasing productivity, enhancement of domestic operations and growth strategies, along with shareholder-friendly moves can go long way in mitigating the effects of soft traffic at stores. Nonetheless, the impact of the aforementioned constrains on the company's performance and the bleak outlook raise questions on the near-term performance .
Therefore, we would like to see more pronounced effects of the company's initiatives on performance before becoming favorable about the stock.
Key Picks
Meanwhile, investors may consider better-ranked stocks in the broader Retail-Wholesale sector including Big 5 Sporting Goods Corp. BGFV , The Children's Place Inc. PLCE , both sporting a Zacks Rank #1 (Strong Buy) and Foot Locker Inc. FL , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Big 5 Sporting, with a long-term earnings growth rate of 12%, has surged 41.7% in the last one year.
Children's Place has gained 8.5% year to date. Moreover, it has a long-term earnings growth rate of 8%.
Foot Locker has jumped 21.5% in the past one year. The stock has a long-term earnings growth rate of 9.7%.
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Foot Locker, Inc. (FL): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc.DDS has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Bottom Line Dillard's focus on increasing productivity, enhancement of domestic operations and growth strategies, along with shareholder-friendly moves can go long way in mitigating the effects of soft traffic at stores.
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Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote What Lies Ahead?
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Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online. Key Picks Meanwhile, investors may consider better-ranked stocks in the broader Retail-Wholesale sector including Big 5 Sporting Goods Corp. BGFV , The Children's Place Inc. PLCE , both sporting a Zacks Rank #1 (Strong Buy) and Foot Locker Inc. FL , carrying a Zacks Rank #2 (Buy).
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Dillard's Inc.DDS has been losing ground lately primarily due to persistently challenging trends in the apparel retail segment on account of the changing preferences of customers from offline to online. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Evidently, Dillard's lagged earnings estimates for the second straight quarter in fourth-quarter fiscal 2016.
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9c3c06e3-5114-4151-9bc0-dba09e57e733
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719860.0
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2017-03-28 00:00:00 UTC
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Dillard's, Inc. Is Deeply Undervalued -- but It Could Stay That Way
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DDS
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https://www.nasdaq.com/articles/dillards-inc-deeply-undervalued-it-could-stay-way-2017-03-28
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nan
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nan
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Just two years ago, Dillard's (NYSE: DDS) was flying high on rising margins and a massive share buyback binge. Indeed, profitability bounced back quickly after the Great Recession. Furthermore, the company reduced its share count by more than 50% between January 2010 and January 2016.
These factors all caused Dillard's stock to rocket higher by 4,000% between early 2009 and early 2015. However, investors who bought Dillard's stock more recently have been deeply disappointed. The shares have lost two-thirds of their value since peaking in April 2015.
Dillard's stock performance, March 2009-present. Data source: YCharts .
At its recent price of around $47, Dillard's stock is extremely cheap. However, that doesn't necessarily make it a great stock to buy, because ordinary shareholders are at the mercy of the founding family. Specifically, the Dillard family may be unwilling to sell the company even if that would be the best outcome for shareholders.
The retail business is in bad shape
For the past two years, the core department-store business has performed very poorly. Comparable-store sales fell 2% in fiscal 2015 and then slumped 5% in fiscal 2016. These sales declines have driven rapid margin erosion. Adjusted net income plunged from $328 million in fiscal 2014 to just $173 million last year.
Nearly every U.S. department-store company has posted weak sales and earnings results since 2015. However, the results at Dillard's have been particularly bad. For example, industry leader Macy's (NYSE: M) posted a more moderate 2.9% comp sales decline last year.
It's hard to pinpoint exactly why Dillard's is falling behind. However, one strong possibility is that penny-pinching on capital investments -- a strategy that freed up lots of cash for share buybacks in recent years -- is finally coming back to haunt Dillard's .
The outlook for 2017 looks equally bleak. Mall traffic is expected to continue falling. Meanwhile, Dillard's has even more inventory on hand than it had a year ago, despite its downward sales trend. This situation could lead to margin-sapping clearance discounts.
But Dillard's has valuable assets
While the core business has stumbled in recent years, the stock doesn't reflect the full value of its assets. Indeed, Dillard's currently trades for a little less than 90% of book value. Furthermore, book value almost certainly understates the company's real estate value.
Dillard's currently reports $1.8 billion of property and equipment on its balance sheet. Yet a November 2014 presentation by activist investment fund Marcato Capital Management suggested that the company's real estate could be worth about three times that amount.
That may be an overly ambitious valuation. Starboard Value (a different activist fund) has estimated that the mall-based stores Macy's owns are worth an average of $117 per square foot. Dillard's stores might be worth closer to $100 per square foot, given that Macy's routinely generates more sales per square foot than its smaller rival.
Still, Dillard's owns 44.1 million square feet of its store real estate. At $100 per square foot, those properties would be worth about $4.4 billion. In total, Dillard's net assets are probably worth about twice as much as its current market cap.
It's all up to the family
In theory, the high asset value means investors could make a huge profit if the company were to wind down its operations, sell off its assets, and return all of its capital to shareholders. But in practice, companies rarely if ever do that.
For Dillard's, this kind of result is even less likely, because the company is still controlled by the founding family. The Dillard family presumably likes having its name on a prominent department store. That practically rules out an orderly liquidation. It also reduces the odds of a sale to a competitor that might want to retire the Dillard's brand.
That said, there is one potential acquirer lurking. Richard Baker, executive chairman of Hudson's Bay Company , is supposedly friendly with the Dillard family. Baker has bought up several department-store chains across the world in recent years and has reportedly been interested in Dillard's in the past.
Furthermore, Baker seems to be in a deal-making mood. Earlier this year, he made a long-shot bid to buy Macy's. More recently, he has started negotiating with privately held Neiman Marcus.
The four oldest Dillard children, who hold the top four executive positions at Dillard's, are all at least 65 years old. Perhaps if the retail business continues to decline, they will opt to sell rather than signing up for a years-long turnaround process.
Then again, maybe not. The company's prospects over the next few years could be dictated by the family's whims. Investors simply can't be confident that the company will actually realize the value of its substantial asset base.
10 stocks we like better than Dillard's
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Adam Levine-Weinberg owns shares of Macy's and is short November 2017 $47.5 puts on Dillard's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Just two years ago, Dillard's (NYSE: DDS) was flying high on rising margins and a massive share buyback binge. It also reduces the odds of a sale to a competitor that might want to retire the Dillard's brand. However, one strong possibility is that penny-pinching on capital investments -- a strategy that freed up lots of cash for share buybacks in recent years -- is finally coming back to haunt Dillard's .
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Just two years ago, Dillard's (NYSE: DDS) was flying high on rising margins and a massive share buyback binge. It also reduces the odds of a sale to a competitor that might want to retire the Dillard's brand. The retail business is in bad shape For the past two years, the core department-store business has performed very poorly.
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Just two years ago, Dillard's (NYSE: DDS) was flying high on rising margins and a massive share buyback binge. It also reduces the odds of a sale to a competitor that might want to retire the Dillard's brand. But Dillard's has valuable assets While the core business has stumbled in recent years, the stock doesn't reflect the full value of its assets.
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Just two years ago, Dillard's (NYSE: DDS) was flying high on rising margins and a massive share buyback binge. It also reduces the odds of a sale to a competitor that might want to retire the Dillard's brand. Still, Dillard's owns 44.1 million square feet of its store real estate.
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2e75360c-73fc-49e3-945e-f87dd9147c27
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719861.0
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2017-03-24 00:00:00 UTC
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Dillard's (DDS) Down 15% Since Earnings Report: Can It Rebound?
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DDS
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https://www.nasdaq.com/articles/dillards-dds-down-15-since-earnings-report%3A-can-it-rebound-2017-03-24
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nan
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nan
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A month has gone by since the last earnings report for Dillard's, Inc.DDS . Shares have lost about 15% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Dillard's Q4 Earnings and Sales Miss
Dillard's reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Results were primarily hurt by the persistently challenging trends in the apparel retail segment.
The company posted adjusted earnings of $1.85 per share, which lagged the Zacks Consensus Estimate of $2.34 and plunged nearly 17.8% from $2.25 in the year-ago quarter. Earnings lagged primarily due to soft sales stemming from weak traffic trends attributed to industry challenges, mainly owing to change in consumer preference from offline to online shopping.
Including one-time items, the company reported earnings per share of $1.72, down 25.5% from $2.31 earned in the prior-year quarter.
Dillard's total revenue (including service charges and other income) of $1,983.9 million dropped 6.3% from the year-ago quarter and missed the Zacks Consensus Estimate of $1,999 million.
Dillard's net sales (including CDI Contractors LLC or CDI) declined 6.7% year over year to $1,935.6 million in the reported quarter. Merchandise sales, excluding CDI, fell 6.2% to roughly $1,896 million. Merchandise comparable-store sales for the 13-week period ended Jan 28, 2017 were down 6% from the comparable period ended Jan 30, 2016.
During the reported quarter, sales at all of the company's categories decreased. While ladies' apparel, men's apparel and accessories were among the relatively stronger categories, home & furniture, and shoes remained considerably weak. The best performing region was Eastern, trailed by the Western and Central regions, respectively.
Consolidated gross margin expanded 24 basis points (bps), while gross margin from retail operations (excluding CDI) rose 8 bps.
Dillard's selling, general and administrative (SG&A) expenses (as a percentage of sales) escalated 160 bps to 23.3%. In dollar terms, consolidated SG&A expenses reflected a marginal 0.5% growth to $451.6 million. Higher SG&A expenses in the quarter were due to a rise in selling payroll and services purchased expenses, partly neutralized by savings in several expense categories.
Financial Details
Dillard's ended fiscal 2016 with cash and cash equivalents of $347 million, long-term debt and capital leases (excluding current portions) of $530.1 million and total shareholders' equity of $1,717.4 million. Inventory improved 2.3% year over year to $1,406.4 million.
In fiscal 2016, the company generated net cash flow from operations of $517.2 million. It bought back 1.3 million shares for $80.6 million in the fiscal fourth quarter, bringing the fiscal year repurchases to 3.8 million shares for $246.2 million. With this, the company has authorization worth $253.8 million remaining as of Jan 28, 2017, under its $500 million share repurchase plan announced in Feb 2016.
Store Update
As of Jan 28, 2017, Dillard's had about 268 namesake outlets and 25 clearance centers operating in 29 states, as well as an online store at www.dillards.com. Dillard's total square footage, as of the end of fiscal 2016, was 49.2 million.
Fiscal 2017 Outlook
For fiscal 2017, Dillard's expects rentals of approximately $25 million compared with $26 million in fiscal 2016. Further, net interest and debt expenses are anticipated to be nearly $63 million, flat with fiscal 2016 level.
The company projects capital expenditures of about $125 million for fiscal 2017 compared with $105 million in fiscal 2016. Depreciation and amortization expenses for fiscal 2017 are expected at $240 million compared with $244 million in the prior year.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There has been one downward revision for the current quarter.
Dillard's, Inc. Price and Consensus
Dillard's, Inc. Price and Consensus | Dillard's, Inc. Quote
VGM Scores
At this time, Dillard's stock has a poor Growth Score of 'F', however its Momentum is doing a lot better with an 'A'. Charting a somewhat similar path, the stock was allocated a grade of 'B' on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'C'. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate that the stock is more suitable for momentum investors than value investors.
Outlook
Estimates have been broadly trending downward for the stock. The magnitude of this revision has been net zero. It's no surprise that the stock has a Zacks Rank #5 (Strong Sell). We are expecting a below average return from the stock in the next few months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A month has gone by since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
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A month has gone by since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Q4 Earnings and Sales Miss Dillard's reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year.
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A month has gone by since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Q4 Earnings and Sales Miss Dillard's reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year.
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A month has gone by since the last earnings report for Dillard's, Inc.DDS . Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Q4 Earnings and Sales Miss Dillard's reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year.
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0eafa59d-4c52-4644-a3cd-aaa95c0ed8d9
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719862.0
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2017-03-16 00:00:00 UTC
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Should You Get Rid of Dillard's (DDS) Now?
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DDS
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https://www.nasdaq.com/articles/should-you-get-rid-of-dillards-dds-now-2017-03-16
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nan
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nan
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Dillard's, Inc.DDS , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in DDS.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $5.46 a share a month ago to its current level of $4.36.
Also, for the current quarter, Dillard's has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to $1.96 a share from $2.22 over the past 30 days.
Dillard's, Inc. Price and Consensus
Dillard's, Inc. Price and Consensus | Dillard's, Inc. Quote
The stock also has seen some pretty dismal trading lately, as the share price has dropped 12.2% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Retail - Wholesale sector, you may instead consider a better-ranked stock - Alibaba Group Holding Limited BABA . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank stocks here .
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Dillard's, Inc. (DDS): Free Stock Analysis Report
Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One such stock that you may want to consider dropping is Dillard's, Inc.DDS , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in DDS. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Dillard's, Inc.DDS , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in DDS.
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One such stock that you may want to consider dropping is Dillard's, Inc.DDS , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here. A Zacks Rank #5 (Strong Sell) further confirms weakness in DDS.
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Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here. One such stock that you may want to consider dropping is Dillard's, Inc.DDS , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in DDS.
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bb3ed0a6-bb2d-4a4d-8c3b-a8671105b42b
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719863.0
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2017-03-10 00:00:00 UTC
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3 Biotech Stocks to Buy in March
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DDS
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https://www.nasdaq.com/articles/3-biotech-stocks-buy-march-2017-03-10
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nan
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Which biotech stocks look like smart picks right now? That's the question we posed to three of The Motley Fool's healthcare contributors.
All three answered with small-cap biotech stocks. Spark Therapeutics (NASDAQ: ONCE) , Albany Molecular Research (NASDAQ: AMRI) , and Concert Pharmaceuticals (NASDAQ: CNCE) stood out as great choices to buy in March. Here's why.
A spark for spring
Keith Speights (Spark Therapeutics): Spark Therapeutics is a clinical-stage biotech -- for now. That could change pretty soon. The company plans to complete its submission of a Biologics License Application (BLA) for voretigene neparvovec (known affectionately as VN by its friends) quickly enough that a Food and Drug Administration decision could be in the cards by the end of 2017.
In a late-stage clinical study, 93% of patients with inherited retinal disease (IRD) caused by mutations in the RPE65 gene experienced gains in functional vision over one year. Nearly three-quarters (72%) of those patients achieved maximum vision improvement. No serious adverse events were found in the study. Although anything can happen in the regulatory process, I'd say the odds of Spark winning approval look quite good.
The biotech could have even more positive news in the future. Several potential catalysts are coming in 2017. Initial results from a phase 1/2 study of experimental drug SPK-7001 in treating another rare genetic eye disease, choroideremia, are expected early this year.
A couple of phase 1/2 studies are also underway for Spark's pipeline candidates targeting hemophilia. The biotech is collaborating with Pfizer on a study evaluating SPK-9001 in treating hemophilia B. Another gene therapy, SPK-8011, is being tested as a potential treatment for hemophilia A. Updates from both studies are expected by mid-2017.
Thinking small can lead to big rewards
Sean Williams (Albany Molecular Research): When thinking about companies in the biotech industry with big growth potential, sometimes you have to think small. My suggestion of a biotech to consider buying in March lands squarely on beaten-down small-cap Albany Molecular Research, which is a company that works via contracts to discover new drugs, run clinical trials, and manufacture pharmaceutical products.
Recently, it's taken quite the nosedive following its fourth-quarter earnings report and the release of its 2017 outlook. Its adjusted Q4 results included earnings of $0.34 per share and $191.3 million in sales, a 51% increase. However, Wall Street had been looking for $221 million in sales and $0.48 in Q4 EPS. What's more, its forecast for 2017 called for $1.08 to $1.20 in EPS on $710 million to $740 million in sales versus the consensus of $1.30 in EPS on $763.4 million in sales. It clearly wasn't what investors were looking for, and Albany Molecular's share price has dipped more than 20% since.
However, I believe now could be the time to gobble up shares of the company.
I suspect that Wall Street analysts were inadequately prepared to factor in the company's multiple acquisitions made in 2016. Albany Molecular acquired Euticals for $358 million in stock and completed its purchase of Gadea Pharmaceuticals for $174 million. These acquisitions significantly expanded its advanced pharmaceutical ingredients (API) and drug discovery services (DDS) businesses. Sales growth in 2016 amounted to 42%, and it'll amount to an estimated 28% (7% when accounting solely for organic growth prospects) this year. Wall Street may have simply been a bit too bullish about Albany Molecular's acquired businesses, but it's likely underscoring the company's high-single-digit long-term organic growth prospects.
In addition to strong growth in API and DDS, contracted manufacturing is expected to grow by a high-single-digit percentage through 2019 according to a report from Visiongain in February 2015.
Based on Albany Molecular's high-single-digit organic growth rate and forward P/E of 12, the company appears to be fairly cheap. What's more, as long as drugmakers retain their pricing power and the Trump administration has more on its plate than it can handle (pushing the prospect of drug price reform out even further), demand for drug service outsourcing is likely to remain strong.
It's a small-cap stock in the biotech arena I'd encourage investors to look at more closely.
Do the neutron dance
Cory Renauer (Concert Pharmaceuticals Inc.): Until recently, one of this little biotech's candidates looked like a potential threat to Vertex Pharmaceuticals '(NASDAQ: VRTX) cystic fibrosis drug Kalydeco. Concert's CTP-656 is essentially identical to Kalydeco with one important difference that allows it to stay in the bloodstream at effective levels longer than the original. The hydrogen atoms in the compound have been swapped out for deuterium, which is basically hydrogen that contains a neutron.
Vertex recorded $703 million in Kalydeco sales last year. Rather than fret over potential competition from Concert's candidate, Vertex recently inked a deal to acquire CTP-656 for $160 million up front, plus $90 million if it earns approval down the road.
CTP-656 isn't the only big drug Concert has in the works. In 2013, Celgene entered an agreement that could lead to the licensing of CTP-730, a deuterated version of Otezla, an oral psoriasis drug that generated $1.02 billion in sales last year. If the big biotech exercises its option to license CTP-730, Concert would be eligible for some hefty milestone payments and a royalty percentage on potential sales.
Concert's stock popped roughly 75% when it announced the Vertex deal. With some big irons in the fire, this stock looks poised for some more big gains ahead.
10 stocks we like better than Vertex Pharmaceuticals
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*Stock Advisor returns as of February 6, 2017
Keith Speights owns shares of Celgene and Pfizer. The Motley Fool owns shares of and recommends Celgene. The Motley Fool recommends Vertex Pharmaceuticals. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although anything can happen in the regulatory process, I'd say the odds of Spark winning approval look quite good. These acquisitions significantly expanded its advanced pharmaceutical ingredients (API) and drug discovery services (DDS) businesses. In addition to strong growth in API and DDS, contracted manufacturing is expected to grow by a high-single-digit percentage through 2019 according to a report from Visiongain in February 2015.
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Although anything can happen in the regulatory process, I'd say the odds of Spark winning approval look quite good. These acquisitions significantly expanded its advanced pharmaceutical ingredients (API) and drug discovery services (DDS) businesses. In addition to strong growth in API and DDS, contracted manufacturing is expected to grow by a high-single-digit percentage through 2019 according to a report from Visiongain in February 2015.
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Although anything can happen in the regulatory process, I'd say the odds of Spark winning approval look quite good. These acquisitions significantly expanded its advanced pharmaceutical ingredients (API) and drug discovery services (DDS) businesses. In addition to strong growth in API and DDS, contracted manufacturing is expected to grow by a high-single-digit percentage through 2019 according to a report from Visiongain in February 2015.
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Although anything can happen in the regulatory process, I'd say the odds of Spark winning approval look quite good. These acquisitions significantly expanded its advanced pharmaceutical ingredients (API) and drug discovery services (DDS) businesses. In addition to strong growth in API and DDS, contracted manufacturing is expected to grow by a high-single-digit percentage through 2019 according to a report from Visiongain in February 2015.
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233badc7-99ee-429e-a860-520dfb816ecd
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719864.0
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2017-03-07 00:00:00 UTC
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Why Dillard's (DDS) Is Losing Sheen Post-Q4 Earnings
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DDS
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https://www.nasdaq.com/articles/why-dillards-dds-is-losing-sheen-post-q4-earnings-2017-03-07
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nan
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nan
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Dillard's, Inc.DDS has exhibited a bearish run in the last one year. Shares of this Zacks Rank #5 (Strong Sell) company have underperformed both the Zacks categorized Retail - Regional Department Stores industry and the broader sector. Over the past year, the stock declined nearly 40%, while the industry fell 29.1%. On the other hand, the broader Retail-Wholesale sector of which they are part of, gained 11.4% during the said time period.
Further, the stock has touched a 52-week low of $51.16 on Mar 6, though it eventually closed a little higher at $51.40. We note that since Feb 21, when the company came out with its fourth-quarter fiscal 2016 results, the stock declined 4%.
A glance at Dillard's trailing price-to-earnings (P/E) ratio reveals that the stock seems overvalued when compared with the industry. The stock has a trailing 12-month P/E ratio of 10.20, which is below the median level of 10.83 and the high level of 13.77 scaled in the past one year. On the contrary, the trailing 12-month P/E ratio for the industry is 7.39.
Let's Delve Deeper
We note that Dillard's has been facing persistent challenging trends in the apparel retail segment due to the changing preferences of customers from offline to online. This resulted in the company's second consecutive earnings miss when it reported fourth-quarter fiscal 2016 results.
Also, sales in the quarter lagged estimates after four straight beats. Further, both the top and bottom lines plunged year over year. (Read more: Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss )
The company posted adjusted earnings of $1.85 per share, which missed the Zacks Consensus Estimate of $2.34 and fell nearly 17.8% from the year-ago quarter. Earnings lagged due to soft sales stemming from weak traffic trends attributed to industry challenges, mainly owing to change in consumer preference from offline to online shopping. Moreover, Dillard's fiscal 2017 outlook indicates significant cost pressures, which might hurt margins and earnings.
Consequently, estimates have witnessed a downward revision in the past 30 days. The Zacks Consensus Estimate of $4.36 and $4.17 for fiscal 2017 and 2018 has declined by $1.10 and 82 cents, respectively, during the same period.
Dillard's, Inc. Price and Consensus
Dillard's, Inc. Price and Consensus | Dillard's, Inc. Quote
Dillard's delivered negative earnings surprises of 15.6%, 13.0% and 20.9% in the first, third and fourth quarters of fiscal 2016, respectively. Further, it posted an average miss of 11.6% in the past four quarters.
Soft economic recovery, stiff competition along with other macroeconomic challenges in the retail merchandise space may weigh upon the company's financial performance.
Key Picks
Investors looking for better-ranked stocks in the broader Retail-Wholesale sector may select Big 5 Sporting Goods Corp. BGFV , The Children's Place, Inc. PLCE and MarineMax, Inc. HZO .
Big 5 Sporting, with a long-term earnings growth rate of 12%, has gained 31.4% in the past one year. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
The Children's Place, with a long-term earnings growth rate of 10.3% carries a Zacks Rank #2 (Buy). The stock has also surged 45.5% in the past one year.
MarineMax, a Zacks Rank #2 stock, has posted an impressive average beat of 131.2% in the trailing four quarters. In addition, the stock rose 20.4% in the past one year.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report
MarineMax, Inc. (HZO): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc.DDS has exhibited a bearish run in the last one year. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report MarineMax, Inc. (HZO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Let's Delve Deeper We note that Dillard's has been facing persistent challenging trends in the apparel retail segment due to the changing preferences of customers from offline to online.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report MarineMax, Inc. (HZO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS has exhibited a bearish run in the last one year. (Read more: Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss ) The company posted adjusted earnings of $1.85 per share, which missed the Zacks Consensus Estimate of $2.34 and fell nearly 17.8% from the year-ago quarter.
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Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report MarineMax, Inc. (HZO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS has exhibited a bearish run in the last one year. (Read more: Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss ) The company posted adjusted earnings of $1.85 per share, which missed the Zacks Consensus Estimate of $2.34 and fell nearly 17.8% from the year-ago quarter.
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Dillard's, Inc.DDS has exhibited a bearish run in the last one year. Click to get this free report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report MarineMax, Inc. (HZO): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Over the past year, the stock declined nearly 40%, while the industry fell 29.1%.
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719865.0
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2017-03-03 00:00:00 UTC
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Bear of the Day: Macy's (M)
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DDS
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https://www.nasdaq.com/articles/bear-day-macys-m-2017-03-03
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People think I hate retailers because I'm always dogging on them. Honestly, I don't hate retailers at all. I just hate retailers that are going to lose shareholders money. The game has changed and if you want to get foot traffic in your brick-and-mortar retail store you're going to need to have a reason for people to come in. Having minimally staffed stores with messy shelves where shoppers come in and fend for themselves is not going to attract the masses. Delivering a superior in-store customer experience is what's going to bring them in. Ultimately, we all want to feel like we are being taken care of.
Today's Bear of the Day has had a tough time delivering that superior in-store experience. Macy's ( M ) has seen their earnings forecasts drop considerably over the last few years. Increased competition from online retailers and other retail giants are having a negative effect on their business. Macy's of course operates Macy's stores but also owns Bloomingdale's and Bluemercury. The company was founded back in 1830 and operates approximately 880 stores.
A quick look at the detailed estimates page on Zacks reveals why it's been knocked down to a Zacks Rank #5 (Strong Sell). Over the last sixty days, five analysts have dropped their EPS estimate for Macy's while only three have increased their number. If you look at next year, two analysts have dropped their estimates while none have increased. That negative sentiment dropped the current year Zacks Consensus Estimate from $3.48 to $3.36. Next year's number has dipped from $3.68 all the way down to $2.87. No growth in EPS means bleak prospects in the short term.
Investors have certainly taken note of the downside movement. The stock has slid down from just over $45 in late November to under $29 in January. A decent earnings report has the stock butting up against $33 right now but the range has contracted over the last couple of weeks. This implies a breakout in either direction is likely in the short-term.
Looking for other stocks in the regional department store industry? Don't. The industry is in the Bottom 4% of our Zacks Industry Rank. Other Zacks Rank #5 (Strong Sell) stocks in the same business include Dillard's ( DDS ) and Kohl's ( KSS ).
8 Stocks with Huge Profit Potential
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Macy's Inc (M): Free Stock Analysis Report
Kohl's Corporation (KSS): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Zacks Rank #5 (Strong Sell) stocks in the same business include Dillard's ( DDS ) and Kohl's ( KSS ). Click to get this free report Macy's Inc (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. 8 Stocks with Huge Profit Potential Just released: Driverless Cars: Your Roadmap to Mega-Profits Today.
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Other Zacks Rank #5 (Strong Sell) stocks in the same business include Dillard's ( DDS ) and Kohl's ( KSS ). Click to get this free report Macy's Inc (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. A quick look at the detailed estimates page on Zacks reveals why it's been knocked down to a Zacks Rank #5 (Strong Sell).
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Other Zacks Rank #5 (Strong Sell) stocks in the same business include Dillard's ( DDS ) and Kohl's ( KSS ). Click to get this free report Macy's Inc (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Over the last sixty days, five analysts have dropped their EPS estimate for Macy's while only three have increased their number.
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Other Zacks Rank #5 (Strong Sell) stocks in the same business include Dillard's ( DDS ) and Kohl's ( KSS ). Click to get this free report Macy's Inc (M): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. People think I hate retailers because I'm always dogging on them.
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f776d612-39fa-40de-a1b7-1e0cdbb3d77c
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719866.0
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2017-02-28 00:00:00 UTC
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Bear of the Day: Dillard's (DDS)
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DDS
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https://www.nasdaq.com/articles/bear-day-dillards-dds-2017-02-28
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It has been a very challenging environment for mall based retailers due to declining traffic, rising trend for online shopping and increasing competition from off-price fashion chains. Of late, concerns regarding the impact of border adjustment tax on retailers are also making investors nervous.
Founded in 1938, Dillard's Inc (DDS) is a large departmental store chain featuring fashion apparel, cosmetics and home furnishings. The company went public in 1969 and it currently operated about 300 stores across 29 states. Their merchandise includes both national and exclusive brands.
Disappointing Results
The retailer reported disappointing results for Q4, with both sales and earnings missing estimates and also declining year over year.
Adjusted earnings of $1.85 per share were significantly below the Zacks Consensus Estimate of $2.34 and down about 17.8% year-over-year.
"Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges," said the CEO.
Falling Estimates
Analysts have been cutting their estimates for the company after quarterly results. Zacks Consensus Estimates for the current and the next fiscal year are now $4.36 per share and $4.17 per share respectively, down from $5.00 per share and $4.77 per share respectively, before the results. Declining estimates sent the stock back to Zacks Rank # 5 last week.
The company has missed Zacks Consensus Estimates in three out of the last four quarters, with an average quarterly surprise of 5.4%.
The Bottom Line
Declining store traffic and rising trend towards online shopping to present challenges for retailers. The Zacks industry rank for Retail-Regional Department Stores is currently 251 out of 265 (Bottom 5%).
There is no Zacks Rank #1 or #2 stock in this industry as of now.
More Stocks to Sell. Now.
Beyond our Bear Stock of the Day, today's list of 220 Zacks Rank #5 Strong Sells demand even more urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. Many appear to be sound investments but, since 1988, such stocks have actually performed more than 11X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Founded in 1938, Dillard's Inc (DDS) is a large departmental store chain featuring fashion apparel, cosmetics and home furnishings. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. It has been a very challenging environment for mall based retailers due to declining traffic, rising trend for online shopping and increasing competition from off-price fashion chains.
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Founded in 1938, Dillard's Inc (DDS) is a large departmental store chain featuring fashion apparel, cosmetics and home furnishings. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. "Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges," said the CEO.
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Founded in 1938, Dillard's Inc (DDS) is a large departmental store chain featuring fashion apparel, cosmetics and home furnishings. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Consensus Estimates for the current and the next fiscal year are now $4.36 per share and $4.17 per share respectively, down from $5.00 per share and $4.77 per share respectively, before the results.
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Founded in 1938, Dillard's Inc (DDS) is a large departmental store chain featuring fashion apparel, cosmetics and home furnishings. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. "Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges," said the CEO.
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1f276f9f-b4bd-4152-bb4c-bbb7a779d843
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719867.0
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2017-02-22 00:00:00 UTC
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Stock Market News for February 22, 2017
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DDS
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https://www.nasdaq.com/articles/stock-market-news-for-february-22-2017-2017-02-22
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nan
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nan
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U.S. stocks rose to fresh record highs on Tuesday, thanks to upbeat earnings reports from Wal-Mart and Home Depot. U.S. equities were also able to kick off the week on a positive note following a key naming by the Trump administration. The Dow logged its eighth straight session of closing records, its longest winning streak since Jul 20, 2016, while the day's gains were broad based as all 11 of the S&P 500's sectors ended in the green.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.
The Dow Jones Industrial Average (DJI) advanced 0.6% to close at 20,743. The S&P 500 also gained 0.6% to close at 2,365.38. The tech-laden Nasdaq Composite Index closed at 5,865.95, increasing 0.5%. The fear-gauge CBOE Volatility Index (VIX) went up 0.5% to settle at 11.55. A total of around 6.7 billion shares were traded on Tuesday, below the last 20-session average of 6.8 billion. Separately, the Dow and S&P 500 have logged 10 record closes for this year, while the Nasdaq has scored 19.
Strong Corporate Earnings
Wal-Mart Stores, Inc. ( WMT ) posted fourth quarter earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.29 per share. The company's revenues of $130.9 billion marginally beat the Zacks Consensus Estimate of $130.6 billion.
The multinational retailer delivered positive comps at Wal-Mart U.S., after delivering negative comps since the third quarter of fiscal 2013. Moreover, traffic improved for the eighth consecutive quarter, owing to the company's efforts to modernize stores for higher footfall and improvement in consumer spending. Wal-Mart U.S. comps increased 1.8% in the fourth quarter, driven by 1.4% growth in traffic and 0.4% increase in ticket. Shares of Wal-Mart Stores gained 3%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Home Depot Inc. ( HD ) also reported better-than-expected bottom-line results for fourth-quarter fiscal 2016, retaining its four-year long trend of beating earnings estimates. The company posted fiscal fourth-quarter earnings of $1.44 per share, which escalated 23.1% from $1.17 in the year-ago quarter and beat the Zacks Consensus Estimate of $1.33.
Net sales advanced 5.8% to $22,207 million from $20,980 million in the year-ago quarter. However, the top line fell short of the Zacks Consensus Estimate of $21,806 million. Nevertheless, the company's overall comps increased 5.8%, while comps in the U.S. grew 6.3%. Sales growth can be attributable to a 2.9% increase in both number of customer transactions and average ticket. Further, a 5.7% upside in sales per square foot helped the results (read more: Home Depot Tops Q4 Earnings, Updates Capital Strategy ).
Trump's Brilliant Choice
President Donald Trump's appointment of Lt. Gen. H.R. McMaster to be his national security adviser also boosted investors' sentiment. Many consider McMaster to be the smartest and most capable army officer of his generation, someone who has led the troops in the 1991 Gulf War and the Iraq War. His deep thinking and loads of experience is expected to serve him well in the complex job of national security adviser.
Stocks in the News
Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss
Dillard's Inc. ( DDS ) reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. ( Read More )
DISH Network Tops Q4 Earnings, Misses on Revenues
DISH Network Corp. ( DISH ) declared mixed financial results in the fourth quarter of 2016 wherein the bottom line surpassed the Zacks Consensus Estimate while the top line lagged the same. ( Read More )
Just Released - Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dillard's, Inc. (DDS): Free Stock Analysis Report
DISH Network Corporation (DISH): Free Stock Analysis Report
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
Home Depot, Inc. (The) (HD): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks in the News Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss Dillard's Inc. ( DDS ) reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report DISH Network Corporation (DISH): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report To read this article on Zacks.com click here. The Dow logged its eighth straight session of closing records, its longest winning streak since Jul 20, 2016, while the day's gains were broad based as all 11 of the S&P 500's sectors ended in the green.
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Stocks in the News Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss Dillard's Inc. ( DDS ) reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report DISH Network Corporation (DISH): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report To read this article on Zacks.com click here. Strong Corporate Earnings Wal-Mart Stores, Inc. ( WMT ) posted fourth quarter earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.29 per share.
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Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report DISH Network Corporation (DISH): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks in the News Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss Dillard's Inc. ( DDS ) reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Strong Corporate Earnings Wal-Mart Stores, Inc. ( WMT ) posted fourth quarter earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.29 per share.
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Stocks in the News Dillard's Plunges 8.3% on Q4 Earnings and Sales Miss Dillard's Inc. ( DDS ) reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report DISH Network Corporation (DISH): Free Stock Analysis Report Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report Home Depot, Inc. (The) (HD): Free Stock Analysis Report To read this article on Zacks.com click here. The S&P 500 also gained 0.6% to close at 2,365.38.
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2017-02-22 00:00:00 UTC
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Macy's, Inc. Reports Weak Q4 Earnings, but Dillard's Earnings Were Even Worse
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DDS
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https://www.nasdaq.com/articles/macys-inc-reports-weak-q4-earnings-dillards-earnings-were-even-worse-2017-02-22
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On Tuesday morning, Macy's (NYSE: M) and Dillard's (NYSE: DDS) kicked off earnings season for the department-store sector. As expected, Macy's reported fairly glum results for the final quarter of fiscal 2016 and gave a downbeat forecast for 2017.
However, fourth-quarter results at Macy's looked good by comparison with the ugly earnings report from Dillard's. While Macy's is simply being hurt by falling mall traffic, Dillard's appears to be paying the price for its unwillingness to invest in its stores and e-commerce site.
Macy's meets low expectations
At the beginning of 2016, Macy's management forecast that earnings would stabilize after declining significantly in 2015. The company's initial guidance called for full-year 2016 EPS of $3.80-$3.90, compared with $3.77 in fiscal 2015.
Mall traffic trends, however, worsened as the year progressed. Uncooperative weather also stymied sales for much of 2016. Macy's was ultimately forced to reduce its guidance twice during the year. As of early January, the company projected that comparable-store sales (including licensed departments) would fall 2.5%-3% for the full year, leading to adjusted EPS of $2.95-$3.10.
In all, Macy's full-year comp sales declined 2.9%. In Q4 specifically, comp sales slipped 2.1% year over year. Nevertheless, adjusted EPS came in slightly ahead of Macy's updated guidance, at $3.11.
Dillard's wipes out -- again
Meanwhile, Dillard's reported yet another disappointing quarter. Comp sales plunged 6% in the fourth quarter and fell 5% for the full year. As a result, the company's profit margin continued to erode. Q4 adjusted EPS fell to $1.85 from $2.25 a year earlier. That was far below the average analyst estimate of $2.26.
Net income at Dillard's has now plummeted by nearly 50% since 2014. The negative impact on EPS has been only partially offset by share buybacks.
Bulls might take comfort in the fact that operating cash flow grew by double digits last year, rising from $450 million to $517 million. However, this cash flow growth was driven by a $156 million increase in accounts payable and accrued expenses. This increase isn't sustainable. (At some point, Dillard's has to pay its suppliers.) At best, accounts payable will remain flat in 2017, leading to much lower operating cash flow. At worst, the buildup in payables will be reversed, eviscerating cash flow this year.
The retail environment will remain challenging
As usual, Dillard's did not provide sales or earnings guidance for the coming year. Macy's did provide a forecast for 2017, and it wasn't pretty. The company expects comp sales to fall by another 2%-3%, because of a continuation of the weak trends experienced recently.
Macy's projects that adjusted EPS will rise to a range of $3.37-$3.62, ahead of the average analyst estimate of $3.20. However, that includes about $0.85 in asset sale gains. Excluding those gains, EPS would be down slightly year over year.
Given that sales trends have been significantly worse at Dillard's relative to Macy's, the 2017 outlook for Dillard's isn't very promising. Last month, Macy's announced a major restructuring program that is expected to reduce costs by $550 million this year, of which $250 million will be reinvested in growth initiatives. Unless Dillard's has similar cost-cutting opportunities, it could face another round of severe margin compression this year.
Is Dillard's falling into a death spiral?
For years, Dillard's has boosted its free cash flow by cutting capital investments to the bone. That strategy is now coming back to haunt it. In a market where all department stores are hurting, Dillard's is having the most trouble attracting customers. As a result, the company's profit margin is collapsing.
In 2016, the pre-tax margin at Dillard's was a little more than 4%, down from about 6% in 2015. This figure will decline further in 2017, barring a miraculous turnaround in its sales trajectory. Given that Dillard's has always kept a tight leash on spending, it may not have as much room as Macy's to offset sales declines with cost cuts.
Furthermore, Dillard's ended 2016 with inventory up about 2% year over year, compared with being down 2% at Macy's. With sales declining at a steady clip, department stores should be reducing their inventory. The inventory glut at Dillard's could put additional pressure on its profit margin.
The one advantage Dillard's has over Macy's is a stronger balance sheet. However, low debt isn't a solution if the problem is that Dillard's is losing relevance with consumers. Unless Dillard's can stabilize sales, its profit margin will continue sinking at a rapid rate -- and the company could fall into the red within a few years.
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Adam Levine-Weinberg owns shares of Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Tuesday morning, Macy's (NYSE: M) and Dillard's (NYSE: DDS) kicked off earnings season for the department-store sector. While Macy's is simply being hurt by falling mall traffic, Dillard's appears to be paying the price for its unwillingness to invest in its stores and e-commerce site. As of early January, the company projected that comparable-store sales (including licensed departments) would fall 2.5%-3% for the full year, leading to adjusted EPS of $2.95-$3.10.
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On Tuesday morning, Macy's (NYSE: M) and Dillard's (NYSE: DDS) kicked off earnings season for the department-store sector. As of early January, the company projected that comparable-store sales (including licensed departments) would fall 2.5%-3% for the full year, leading to adjusted EPS of $2.95-$3.10. In all, Macy's full-year comp sales declined 2.9%.
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On Tuesday morning, Macy's (NYSE: M) and Dillard's (NYSE: DDS) kicked off earnings season for the department-store sector. Given that sales trends have been significantly worse at Dillard's relative to Macy's, the 2017 outlook for Dillard's isn't very promising. Furthermore, Dillard's ended 2016 with inventory up about 2% year over year, compared with being down 2% at Macy's.
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On Tuesday morning, Macy's (NYSE: M) and Dillard's (NYSE: DDS) kicked off earnings season for the department-store sector. As of early January, the company projected that comparable-store sales (including licensed departments) would fall 2.5%-3% for the full year, leading to adjusted EPS of $2.95-$3.10. The company expects comp sales to fall by another 2%-3%, because of a continuation of the weak trends experienced recently.
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2017-02-22 00:00:00 UTC
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Dillard's (DDS) Plunges 8.3% on Q4 Earnings and Sales Miss
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DDS
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https://www.nasdaq.com/articles/dillards-dds-plunges-8.3-on-q4-earnings-and-sales-miss-2017-02-22
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Dillard's Inc.DDS reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Results were primarily hurt by the persistent challenging trends in the apparel retail segment.
Consequently, shares of this department store chain declined nearly 8.3% yesterday. Moreover, Dillard's shares have declined 31.7% in the past one year, underperforming the Zacks categorized Retail-Regional Department Stores industry that dropped 18.9% in the same time frame.
The company posted adjusted earnings of $1.85 per share, which lagged the Zacks Consensus Estimate of $2.34 and plunged nearly 17.8% from $2.25 in the year-ago quarter. Earnings lagged primarily due to soft sales stemming from weak traffic trends attributed to industry challenges, mainly owing to change in consumer preference from offline to online shopping.
FindTheCompany | Graphiq
Including one-time items, the company reported earnings per share of $1.72, down 25.5% from $2.31 earned in the prior-year quarter.
Dillard's total revenue (including service charges and other income) of $1,983.9 million dropped 6.3% from the year-ago quarter and missed the Zacks Consensus Estimate of $1,999 million.
Dillard's net sales (including CDI Contractors LLC or CDI) declined 6.7% year over year to $1,935.6 million in the reported quarter. Merchandise sales, excluding CDI, fell 6.2% to roughly $1,896 million. Merchandise comparable-store sales for the 13-week period ended Jan 28, 2017 were down 6% from the comparable period ended Jan 30, 2016.
During the reported quarter, sales at all of the company's categories decreased. While ladies' apparel, men's apparel and accessories were among the relatively stronger categories, home & furniture, and shoes remained considerably weak. The best performing region was Eastern, trailed by the Western and Central regions, respectively.
Consolidated gross margin expanded 24 basis points (bps), while gross margin from retail operations (excluding CDI) rose 8 bps.
Dillard's selling, general and administrative (SG&A) expenses (as a percentage of sales) escalated 160 bps to 23.3%. In dollar terms, consolidated SG&A expenses reflected a marginal 0.5% growth to $451.6 million. Higher SG&A expenses in the quarter were due to a rise in selling payroll and services purchased expenses, partly neutralized by savings in several expense categories.
Financial Details
Dillard's ended fiscal 2016 with cash and cash equivalents of $347 million, long-term debt and capital leases (excluding current portions) of $530.1 million and total shareholders' equity of $1,717.4 million. Inventory improved 2.3% year over year to $1,406.4 million.
In fiscal 2016, the company generated net cash flow from operations of $517.2 million. It bought back 1.3 million shares for $80.6 million in the fiscal fourth quarter, bringing the fiscal year repurchases to 3.8 million shares for $246.2 million. With this, the company has authorization worth $253.8 million remaining as of Jan 28, 2017, under its $500 million share repurchase plan announced in Feb 2016.
Store Update
As of Jan 28, 2017, Dillard's had about 268 namesake outlets and 25 clearance centers operating in 29 states, as well as an online store at www.dillards.com. Dillard's total square footage, as of the end of fiscal 2016, was 49.2 million.
Fiscal 2017 Outlook
For fiscal 2017, Dillard's expects rentals of approximately $25 million compared with $26 million in fiscal 2016. Further, net interest and debt expenses are anticipated to be nearly $63 million, flat with fiscal 2016 level.
The company projects capital expenditures of about $125 million for fiscal 2017 compared with $105 million in fiscal 2016. Depreciation and amortization expenses for fiscal 2017 are expected at $240 million compared with $244 million in the prior year.
Dillard's, Inc. Price, Consensus and EPS Surprise
Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote
Zacks Rank
Currently, Dillard's carries a Zacks Rank #4 (Sell). Better-ranked stocks in the retail sector include The Children's Place Inc. PLCE , Kate Spade & Company KATE , both sporting a Zacks Rank #1 (Strong Buy) and Zumiez Inc. ZUMZ , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Children's Place, with a long-term earnings growth rate of 10.3%, has surged nearly 17.7% in the last six months.
Kate Spade has gained nearly 23.4% in the past six months. Moreover, it has a long-term earnings growth rate of 28.3%.
Zumiez has jumped 21.2% in the last six months. The stock has a long-term earnings growth rate of 15%.
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Zumiez Inc. (ZUMZ): Free Stock Analysis Report
Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
Dillard's, Inc. (DDS): Free Stock Analysis Report
Kate Spade & Company (KATE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc.DDS reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kate Spade & Company (KATE): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Dillard's shares have declined 31.7% in the past one year, underperforming the Zacks categorized Retail-Regional Department Stores industry that dropped 18.9% in the same time frame.
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Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kate Spade & Company (KATE): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Dillard's, Inc. Price, Consensus and EPS Surprise Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote Zacks Rank Currently, Dillard's carries a Zacks Rank #4 (Sell).
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Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kate Spade & Company (KATE): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Financial Details Dillard's ended fiscal 2016 with cash and cash equivalents of $347 million, long-term debt and capital leases (excluding current portions) of $530.1 million and total shareholders' equity of $1,717.4 million.
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Dillard's Inc.DDS reported a dismal fourth-quarter fiscal 2016, wherein both sales and earnings lagged estimates and plunged year over year. Click to get this free report Zumiez Inc. (ZUMZ): Free Stock Analysis Report Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report Dillard's, Inc. (DDS): Free Stock Analysis Report Kate Spade & Company (KATE): Free Stock Analysis Report To read this article on Zacks.com click here. It bought back 1.3 million shares for $80.6 million in the fiscal fourth quarter, bringing the fiscal year repurchases to 3.8 million shares for $246.2 million.
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795671e5-8da1-4f6b-9c1e-9d384993a4e4
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719870.0
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2017-02-21 00:00:00 UTC
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Stock Futures Trade Higher on Upbeat Retail Earnings
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DDS
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https://www.nasdaq.com/articles/stock-futures-trade-higher-upbeat-retail-earnings-2017-02-21
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Stocks were set to open higher Tuesday as upbeat retail Q4 earnings and higher oil prices sets the blue-chip index up for a seventh consecutive day higher.
Before the open, Macy's ( M ) along with Dow component stocks Walmart ( WMT ) and Home Depot ( HD ) reported better-than-expected quarterly results, offsetting a miss from Dillard's ( DDS ).
Oil futures are also giving a lift to stock futures as prospects for further production cuts from members of the Organization of the Petroleum Exporting Countries raised the price per barrel for brent crude oil futures by 1.50% to a seven-week high. Oil's domestic benchmark, West Texas Intermediate, is nearly 2% higher Tuesday.
Economic data includes the purchasing manager's manufacturing and services sector flash indices for February, both of which are expected to show gains from the final January indices.
Additionally, Fed officials giving speeches on Tuesday include Minneapolis Fed president Neel Kashkari, Philadelphia Fed president Patrick Harker (who on Friday put a March rate hike back in play), and San Francisco Fed president John Williams. Kashkari and Harker are both voting members this year, while Williams is an alternate.
-Dow Jones Industrial up 0.28%
-S&P 500 futures up 0.20%
-Nasdaq 100 futures up 0.18%
SENTIMENT
Nikkei up 0.68%
Hang Seng down 0.76%
Shanghai Composite up 0.41%
FTSE-100 down 0.25%
DAX-30 up 0.56%
PRE-MARKET SECTOR WATCH
(+/-) Large cap tech: Higher
(+/-) Chip stocks: Higher
(+/-) Software stocks: Higher
(+/-) Hardware stocks: Higher
(+/-) Internet stocks: Higher
(+/-) Oil stocks: Higher
(+/-) Biotech stocks: Higher
(+/-) Drug stocks: Lower
(+/-) Financial stocks: Higher
(+/-) Retail stocks: Higher
(+/-) Industrial stocks: Higher
(+/-) Airlines: Higher
(+/-) Autos: Higher
UPSIDE MOVERS:
(+) EYEG (+38.55%) Agreed to exclusive marketing agreement with Valeant ( VRX ) for Eye Gate II Delivery System and EGP-437
(+) DGAS (+20.76%) Agrees to be acquired Peoples Gas for $30.50 per share
(+) PLKI (+15.97%) To be acquired by Restaurant Brands International (QSR)
(+) TROX (+15.55%) Announced acquisition of Cristal's TiO2 business for $1.673 billion in cash, reported lighter-than-expected Q4 loss
DOWNSIDE MOVERS:
(-) CDTX (-33.62%) Topical formulation of CD101 failed to demonstrate a sufficient treatment effect in phase 2 clinical trial
(-) FCX (-4.58%) Failed to reach agreement with Indonesia to resume copper concentrate exports
(-) DDS (-4.44%) Q4 comparable sales down 5.4%, misses on revenue and earnings expectations
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before the open, Macy's ( M ) along with Dow component stocks Walmart ( WMT ) and Home Depot ( HD ) reported better-than-expected quarterly results, offsetting a miss from Dillard's ( DDS ). (-) CDTX (-33.62%) Topical formulation of CD101 failed to demonstrate a sufficient treatment effect in phase 2 clinical trial (-) FCX (-4.58%) Failed to reach agreement with Indonesia to resume copper concentrate exports (-) DDS (-4.44%) Q4 comparable sales down 5.4%, misses on revenue and earnings expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (+) EYEG (+38.55%) Agreed to exclusive marketing agreement with Valeant ( VRX ) for Eye Gate II Delivery System and EGP-437 (+) DGAS (+20.76%) Agrees to be acquired Peoples Gas for $30.50 per share (+) PLKI (+15.97%) To be acquired by Restaurant Brands International (QSR) (+) TROX (+15.55%) Announced acquisition of Cristal's TiO2 business for $1.673 billion in cash, reported lighter-than-expected Q4 loss
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(-) CDTX (-33.62%) Topical formulation of CD101 failed to demonstrate a sufficient treatment effect in phase 2 clinical trial (-) FCX (-4.58%) Failed to reach agreement with Indonesia to resume copper concentrate exports (-) DDS (-4.44%) Q4 comparable sales down 5.4%, misses on revenue and earnings expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Before the open, Macy's ( M ) along with Dow component stocks Walmart ( WMT ) and Home Depot ( HD ) reported better-than-expected quarterly results, offsetting a miss from Dillard's ( DDS ). Stocks were set to open higher Tuesday as upbeat retail Q4 earnings and higher oil prices sets the blue-chip index up for a seventh consecutive day higher.
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(-) CDTX (-33.62%) Topical formulation of CD101 failed to demonstrate a sufficient treatment effect in phase 2 clinical trial (-) FCX (-4.58%) Failed to reach agreement with Indonesia to resume copper concentrate exports (-) DDS (-4.44%) Q4 comparable sales down 5.4%, misses on revenue and earnings expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Before the open, Macy's ( M ) along with Dow component stocks Walmart ( WMT ) and Home Depot ( HD ) reported better-than-expected quarterly results, offsetting a miss from Dillard's ( DDS ). Additionally, Fed officials giving speeches on Tuesday include Minneapolis Fed president Neel Kashkari, Philadelphia Fed president Patrick Harker (who on Friday put a March rate hike back in play), and San Francisco Fed president John Williams.
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Before the open, Macy's ( M ) along with Dow component stocks Walmart ( WMT ) and Home Depot ( HD ) reported better-than-expected quarterly results, offsetting a miss from Dillard's ( DDS ). (-) CDTX (-33.62%) Topical formulation of CD101 failed to demonstrate a sufficient treatment effect in phase 2 clinical trial (-) FCX (-4.58%) Failed to reach agreement with Indonesia to resume copper concentrate exports (-) DDS (-4.44%) Q4 comparable sales down 5.4%, misses on revenue and earnings expectations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Stocks were set to open higher Tuesday as upbeat retail Q4 earnings and higher oil prices sets the blue-chip index up for a seventh consecutive day higher.
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2017-02-21 00:00:00 UTC
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Dillard's (DDS) Misses on Q4 Earnings & Revenue Estimates
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DDS
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https://www.nasdaq.com/articles/dillards-dds-misses-on-q4-earnings-revenue-estimates-2017-02-21
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Dillard's, Inc . DDS came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.85 came way below the Zacks Consensus Estimate of $2.34, alongside declining 17.8% from $2.25 per share recorded in the year-ago period.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has trended downwards over the past 30 days. Moreover, Dillard's performance in the trailing four quarters gives a negative picture. In the trailing four quarters, excluding the quarter under review, the company underperformed the Zacks Consensus Estimate by an average of 9.3%.
Dillard's, Inc. Price and EPS Surprise
Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote
Revenues: Dillard's generated net sales of $1,935.6 million that lagged the Zacks Consensus Estimate of $1,999 million, and dropped 6.7% year over year. Further, comparable store sales descended 6% in the quarter.
Key Events: Dillard's repurchased Class A shares worth $80.6 million during the fourth quarter, as part of its buyback plan of $500 million. During fiscal 2016, the company made buybacks worth $246.2 million, leaving shares worth $253.8 million available for repurchase, as of Jan 28, 2017.
Zacks Rank: Currently, Dillard's carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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Dillard's, Inc. (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDS came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.85 came way below the Zacks Consensus Estimate of $2.34, alongside declining 17.8% from $2.25 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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DDS came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.85 came way below the Zacks Consensus Estimate of $2.34, alongside declining 17.8% from $2.25 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. Price and EPS Surprise Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote Revenues: Dillard's generated net sales of $1,935.6 million that lagged the Zacks Consensus Estimate of $1,999 million, and dropped 6.7% year over year.
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DDS came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.85 came way below the Zacks Consensus Estimate of $2.34, alongside declining 17.8% from $2.25 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc. Price and EPS Surprise Dillard's, Inc. Price and EPS Surprise | Dillard's, Inc. Quote Revenues: Dillard's generated net sales of $1,935.6 million that lagged the Zacks Consensus Estimate of $1,999 million, and dropped 6.7% year over year.
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DDS came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of $1.85 came way below the Zacks Consensus Estimate of $2.34, alongside declining 17.8% from $2.25 per share recorded in the year-ago period. Click to get this free report Dillard's, Inc. (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc .
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2017-02-21 00:00:00 UTC
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What Happened in the Stock Market Today
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https://www.nasdaq.com/articles/what-happened-stock-market-today-2017-02-21
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Stocks rose on Tuesday as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) indexes finished higher by over 0.5%.
Today's stock market
Data source: Yahoo! Finance.
Financial stocks saw some of the heaviest trading, yet the popular Financial Select Sector SPDR ETF (NYSEMKT: XLF) still trailed the broader market slightly with a 0.5% increase. Gold prices held steady, but that didn't stop the highly leveraged bet on the precious metal, Direxion Daily Gold Miners Bull 3X ETF (NYSEMKT: NUGT) , from falling 2%.
As for individual stocks, Home Depot (NYSE: HD) and Dillard's (NYSE: DDS) both made large moves following the retailers' respective quarterly earnings announcements.
Home Depot beats expectations
Home Depot shares pushed further into record territory after the home improvement giant trounced its own quarterly revenue and profit forecasts . Comparable-store sales improved by 6% thanks to a solid mix of increased customer traffic and higher spending per visit. That was good enough to raise comps by 5.6% for the full year, beating executives' target of 4.9%.
Earnings also came in ahead of guidance by spiking 18% to $6.45 for the year as opposed to the 16% increase management forecast in mid-November. CEO Craig Menear cited "a healthy housing market and strong customer demand" for helping produce the surprising gains.
The retailer continued to set itself apart from rivals by posting stellar e-commerce figures. Sales rose 19% in that category -- up from a 17% increase in the prior quarter.
Home Depot's results keep it on track to meet its long-term target of passing $100 billion of annual revenue by 2018. And, because profitability is expanding at the same time, the retailer is flush with excess cash. In response, management announced plans to deliver a large portion of those funds back to shareholders as it raised Home Depot's dividend by 29% while increasing its targeted payout ratio to 55% of earnings from 50%.
Dillard's is hit by a customer traffic slump
Dillard's stock slumped 8.3% following disappointing earnings results. Declines in shopper traffic at malls contributed to a 6% drop in comparable-store sales over the key holiday period, the retailer said. All sales categories shrank, with home and furniture and shoes faring the worst.
The good news is that the company held the line on prices, and so gross profit margin improved slightly. Unfortunately for the business, though, increased expenses overwhelmed that tiny improvement to send profitability far lower. Net profit margin for the fiscal year dipped to 2.7% of sales from 4.1% a year ago.
"Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges," CEO William Dillard said in a press release. In response, the company is boosting its branding efforts and pouring more cash into improving the shopper experience both online and in stores.
A quick sales rebound doesn't look likely if shoppers continue opting for online purchases over a trip to the mall. However, with nearly $350 million in cash on the books, Dillard's at least has some flexibility to make investments in the business while continuing to return cash to shareholders through aggressive stock repurchase spending.
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* Stock Advisor returns as of 1/30/2017
Demitrios Kalogeropoulos owns shares of Home Depot. The Motley Fool recommends Home Depot. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As for individual stocks, Home Depot (NYSE: HD) and Dillard's (NYSE: DDS) both made large moves following the retailers' respective quarterly earnings announcements. CEO Craig Menear cited "a healthy housing market and strong customer demand" for helping produce the surprising gains. In response, management announced plans to deliver a large portion of those funds back to shareholders as it raised Home Depot's dividend by 29% while increasing its targeted payout ratio to 55% of earnings from 50%.
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As for individual stocks, Home Depot (NYSE: HD) and Dillard's (NYSE: DDS) both made large moves following the retailers' respective quarterly earnings announcements. Dillard's is hit by a customer traffic slump Dillard's stock slumped 8.3% following disappointing earnings results. "Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges," CEO William Dillard said in a press release.
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As for individual stocks, Home Depot (NYSE: HD) and Dillard's (NYSE: DDS) both made large moves following the retailers' respective quarterly earnings announcements. Home Depot beats expectations Home Depot shares pushed further into record territory after the home improvement giant trounced its own quarterly revenue and profit forecasts . Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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As for individual stocks, Home Depot (NYSE: HD) and Dillard's (NYSE: DDS) both made large moves following the retailers' respective quarterly earnings announcements. Sales rose 19% in that category -- up from a 17% increase in the prior quarter. The good news is that the company held the line on prices, and so gross profit margin improved slightly.
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b13737c9-9e66-4b9c-b5ca-636427f7c49e
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719873.0
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2017-02-11 00:00:00 UTC
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Macy's Last Line of Defense: Everyone Else at the Mall
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DDS
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https://www.nasdaq.com/articles/macys-last-line-defense-everyone-else-mall-2017-02-11
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nan
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nan
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Shares of Macy's (NYSE: M) have lost more than half of their value since mid-2015, as the world's largest department-store company has been hit hard by declining mall traffic. Macy's has been reporting comp-sales declines for two full years. Recently, rumors have been swirling that management may be ready to throw in the towel and sell the company .
It's true that Macy's is facing significant declines in revenue and earnings. It expects comp sales to decline by about 3% in fiscal 2016, while earnings per share will be down by almost a third relative to the peak of $4.40 in fiscal 2014. But as the strongest company in a fragmented industry, Macy's is well-positioned to profit from consolidation and the disappearance of weaker rivals in the coming years.
A surprisingly fragmented industry
Among mall-based department stores, Macy's and J.C. Penney (NYSE: JCP) are the two behemoths. Macy's currently has more than 700 locations in the U.S.; J.C. Penney has more than 1,000. However, they face a wide array of smaller competitors in the mid-price tier. (I am not even counting Sears Holdings for the purposes of this analysis, as it has already retreated from many of the typical department-store merchandise categories.)
Bon-Ton Stores Free Cash Flow (Annual) , data by YCharts .
To stay solvent, Bon-Ton has cut investments to the bone. This will make it harder to drive a sales recovery in the future.
Finally, Bon-Ton Stores has more than $500 million of debt maturing in December 2018. If mall traffic continues to decline, it's unlikely that the company will be able to refinance that debt. This could set the stage for a bankruptcy filing -- perhaps followed by a sale or liquidation of the entire company.
Macy's Free Cash Flow (TTM) , data by YCharts .
It's possible that mall traffic will continue to shrink, as the bears expect. But if that's true, it will have an even bigger impact on Macy's competitors. Ultimately, this is likely to force some of the smaller players to merge with rivals in order to keep up. Weaker companies like Bon-Ton could disappear entirely.
This process will lead to a more concentrated and more profitable department store industry. As the largest department-store company in the U.S., Macy's will be a big beneficiary.
10 stocks we like better than Macy's
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Macy's wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of February 6, 2017
Adam Levine-Weinberg owns shares of J.C. Penney and Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Macy's (NYSE: M) have lost more than half of their value since mid-2015, as the world's largest department-store company has been hit hard by declining mall traffic. But as the strongest company in a fragmented industry, Macy's is well-positioned to profit from consolidation and the disappearance of weaker rivals in the coming years. A surprisingly fragmented industry Among mall-based department stores, Macy's and J.C. Penney (NYSE: JCP) are the two behemoths.
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A surprisingly fragmented industry Among mall-based department stores, Macy's and J.C. Penney (NYSE: JCP) are the two behemoths. Bon-Ton Stores Free Cash Flow (Annual) , data by YCharts . Macy's Free Cash Flow (TTM) , data by YCharts .
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Shares of Macy's (NYSE: M) have lost more than half of their value since mid-2015, as the world's largest department-store company has been hit hard by declining mall traffic. But as the strongest company in a fragmented industry, Macy's is well-positioned to profit from consolidation and the disappearance of weaker rivals in the coming years. 10 stocks we like better than Macy's When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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It's true that Macy's is facing significant declines in revenue and earnings. But as the strongest company in a fragmented industry, Macy's is well-positioned to profit from consolidation and the disappearance of weaker rivals in the coming years. That's right -- they think these 10 stocks are even better buys.
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84c01114-dc02-4c9d-a0a0-e6cad29439f0
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719874.0
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2017-01-27 00:00:00 UTC
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Dillard's Enters Oversold Territory (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-enters-oversold-territory-dds-2017-01-27
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $54.61 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 61.2. A bullish investor could look at DDS's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDS shares:
Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $54.74.
According to the ETF Finder at ETF Channel, DDS makes up 1.24% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 1% on the day Friday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $54.61 per share. A bullish investor could look at DDS's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDS shares: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $54.74.
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In trading on Friday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $54.61 per share. The chart below shows the one year performance of DDS shares: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $54.74. A bullish investor could look at DDS's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Friday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $54.61 per share. The chart below shows the one year performance of DDS shares: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $54.74. A bullish investor could look at DDS's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Friday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $54.61 per share. According to the ETF Finder at ETF Channel, DDS makes up 1.24% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading lower by about 1% on the day Friday. A bullish investor could look at DDS's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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cb3bbc07-7139-45f1-b91f-be82e7aecd00
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719875.0
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2017-01-12 00:00:00 UTC
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Commit To Purchase Dillard's At $50, Earn 15.1% Annualized Using Options
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DDS
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https://www.nasdaq.com/articles/commit-purchase-dillards-50-earn-151-annualized-using-options-2017-01-12
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nan
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nan
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $56.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $50 strike, which has a bid at the time of this writing of $4.50. Collecting that bid as the premium represents a 9% return against the $50 commitment, or a 15.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Dillard's Inc. sees its shares fall 11.7% and the contract is exercised (resulting in a cost basis of $45.50 per share before broker commissions, subtracting the $4.50 from $50), the only upside to the put seller is from collecting that premium for the 15.1% annualized rate of return.
Interestingly, that annualized 15.1% figure actually exceeds the 0.5% annualized dividend paid by Dillard's Inc. by 14.6%, based on the current share price of $56.58. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 11.65% to reach the $50 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.5% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Dillard's Inc., and highlighting in green where the $50 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the August put at the $50 strike for the 15.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Dillard's Inc. (considering the last 252 trading day closing values as well as today's price of $56.58) to be 39%. For other put options contract ideas at the various different available expirations, visit the DDS Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 965,790 contracts, with call volume at 965,790, for a put:call ratio of 0.74 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $56.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.5% annualized dividend yield.
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $56.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.5% annualized dividend yield.
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Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $56.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.5% annualized dividend yield.
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In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.5% annualized dividend yield. Investors eyeing a purchase of Dillard's Inc. (Symbol: DDS) shares, but cautious about paying the going market price of $56.58/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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ea898765-8598-4f4a-a945-aefb019733f1
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719876.0
|
2017-01-10 00:00:00 UTC
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Why Shares of Macy's, J.C. Penney, and Dillard's Crashed in December
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DDS
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https://www.nasdaq.com/articles/why-shares-macys-jc-penney-and-dillards-crashed-december-2017-01-10
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nan
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nan
|
What happened
Back in November, several department stores issued better-than-feared earnings reports for the third quarter. This led to big gains for most department store stocks over the next few weeks.
However, investors started to sour on the sector in December as reports of weak holiday sales and mall traffic started to circulate. As a result, shares of Macy's (NYSE: M) , J.C. Penney (NYSE: JCP) , and Dillard's (NYSE: DDS) all fell by double digits last month, according to data from S&P Global Market Intelligence . Macy's stock fell by 15% during December, while shares of J.C. Penney and Dillard's each sank 12%.
Macy's, J.C. Penney, and Dillard's December Stock Performance, data by YCharts .
So what
The steep declines in department store stocks began during the week of Dec. 12. On Wednesday of that week, the U.S. Commerce Department reported fairly disappointing retail sales data for November.
The downtrend accelerated on Dec. 16, when analysts at JPMorgan Chase downgraded Nordstrom (NYSE: JWN) stock. By the end of the month, Macy's, J.C. Penney, and Dillard's had given up essentially all of their gains from November.
It's unusual for an analyst downgrade of one stock to impact a whole sector so dramatically. However, the JPMorgan analysts cited Nordstrom's management as saying that traffic trends at the company's full-line stores were at the worst levels since 1972 .
Mall traffic has been declining for several years. Image source: The Motley Fool.
This comment shows just how much e-commerce is disrupting mall-based retailers. After all, the U.S. economy is growing at a reasonable clip. Macy's, J.C. Penney, and Dillard's have far more stores in underperforming malls than Nordstrom, so if Nordstrom is hurting, they are probably facing even bigger headwinds.
Late in December, several news outlets reported that holiday spending had picked up in the week before Christmas after a slow start to the month. However, that wasn't enough to reinvigorate department store stocks.
Now what
With 20-20 hindsight, department store investors' November euphoria appears to have been misguided. In the first week of January, Macy's and J.C. Penney both reported disappointing sales results for the holiday season. For the combined November-December period, comp sales fell 2.1% at Macy's and 0.8% at J.C. Penney. Kohl's and Sears Holdings have also reported weak holiday season sales results in the past week.
Dillard's, which is notoriously tight-lipped, hasn't issued a holiday sales release. However, given that it has had an even worse sales trajectory than Macy's and J.C. Penney for the past couple of quarters, its prospects don't look bright.
J.C. Penney has managed to maintain its annual earnings guidance, presumably due to strong cost control. However, Macy's was forced to slash its full-year earnings forecast, even though it only missed its sales target by a small amount.
Looking ahead, Macy's plans to close up to 100 stores in order to proactively address changing shopping trends. The company's established e-commerce business may allow it to remain successful even if it must significantly shrink its store network in the coming years.
Macy's will close up to 15% of its stores to cut costs. Image source: The Motley Fool.
J.C. Penney has been more resistant to closing stores. Management believes that having a robust store network is critical to building up the company's e-commerce business. Furthermore, J.C. Penney hopes to capitalize on store closures at Macy's and Sears by stealing those competitors' customers.
As for Dillard's, the outlook is murkier. Since the Great Recession, Dillard's secret to success has been holding down costs, inventory, and capital spending. Unlike Macy's and J.C. Penney, it has spent very little money on renovating stores or building a robust e-commerce operation.
This approach has allowed Dillard's to return huge sums of cash to shareholders. If the company can stabilize its sales soon, its tight-fisted approach to spending will allow it to continue buying back lots of stock. However, Dillard's may not have the tools necessary to fix its sales performance -- in which case there could be more pain ahead for shareholders.
10 stocks we like better than Macy's
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Macy's wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of January 4, 2017
Adam Levine-Weinberg owns shares of J.C. Penney, Macy's, and Nordstrom. The Motley Fool recommends Nordstrom. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a result, shares of Macy's (NYSE: M) , J.C. Penney (NYSE: JCP) , and Dillard's (NYSE: DDS) all fell by double digits last month, according to data from S&P Global Market Intelligence . However, the JPMorgan analysts cited Nordstrom's management as saying that traffic trends at the company's full-line stores were at the worst levels since 1972 . Late in December, several news outlets reported that holiday spending had picked up in the week before Christmas after a slow start to the month.
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As a result, shares of Macy's (NYSE: M) , J.C. Penney (NYSE: JCP) , and Dillard's (NYSE: DDS) all fell by double digits last month, according to data from S&P Global Market Intelligence . However, investors started to sour on the sector in December as reports of weak holiday sales and mall traffic started to circulate. In the first week of January, Macy's and J.C. Penney both reported disappointing sales results for the holiday season.
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As a result, shares of Macy's (NYSE: M) , J.C. Penney (NYSE: JCP) , and Dillard's (NYSE: DDS) all fell by double digits last month, according to data from S&P Global Market Intelligence . Macy's stock fell by 15% during December, while shares of J.C. Penney and Dillard's each sank 12%. Macy's, J.C. Penney, and Dillard's December Stock Performance, data by YCharts .
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As a result, shares of Macy's (NYSE: M) , J.C. Penney (NYSE: JCP) , and Dillard's (NYSE: DDS) all fell by double digits last month, according to data from S&P Global Market Intelligence . On Wednesday of that week, the U.S. Commerce Department reported fairly disappointing retail sales data for November. Kohl's and Sears Holdings have also reported weak holiday season sales results in the past week.
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ca637a64-2cf8-46f3-882a-77170be3cdc6
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719877.0
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2017-01-05 00:00:00 UTC
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Dillard's Becomes Oversold (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-becomes-oversold-dds-2017-01-05
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $56.00 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 60.9. A bullish investor could look at DDS's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDS shares:
Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $55.64.
According to the ETF Finder at ETF Channel, DDS makes up 1.38% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading lower by about 3% on the day Thursday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $56.00 per share. A bullish investor could look at DDS's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDS shares: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $55.64.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $56.00 per share. The chart below shows the one year performance of DDS shares: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $55.64. A bullish investor could look at DDS's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $56.00 per share. The chart below shows the one year performance of DDS shares: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $88.58 as the 52 week high point - that compares with a last trade of $55.64. A bullish investor could look at DDS's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $56.00 per share. According to the ETF Finder at ETF Channel, DDS makes up 1.38% of the SPDR S&P Retail ETF (Symbol: XRT) which is trading lower by about 3% on the day Thursday. A bullish investor could look at DDS's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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239dc5ee-41c9-4009-a385-727e14b86880
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719878.0
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2017-01-05 00:00:00 UTC
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Kohl's, Macy's Plummet on Dismal Holiday Season Sales
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DDS
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https://www.nasdaq.com/articles/kohls-macys-plummet-dismal-holiday-season-sales-2017-01-05
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nan
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nan
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On Thursday, department store stalwarts Kohl's Corp. KSS and Macy's M are plummeting after both companies announced disappointing holiday season sales. As of 11:27 AM EST, KSS stock is down 19.36% while M stock is down 14.54%.
Kohl's reported a 2.1% drop in comparable sales in the fiscal months of November and December combined, which included e-commerce and stores open for at least one year, a huge disappointment for a company who implemented several new turnaround initiatives. These consisted of launching a mobile app, selling the Apple Watch, a bigger push in athleisure, and using its stores to fill online shopping orders.
The company had already seen its comps fall 2.8% in the first three quarters of the year, and as a result, Kohl's has slashed its full year fiscal 2016 earnings guidance from $3.12 to $3.32 per share to $2.92 to $2.97 per share.
Like Kohl's, Macy's also reported a 2.1% drop in comparable sales for November and December, prompting the retailer to slash its full year profit forecast as well. The department store now expects its profit for the fiscal year ending at the end of this month to be $2.95 to $3.10 per share, well below its previous forecast of $3.15 to $3.40 per share.
But Macy's has gone one step further: it is closing 63 stores this spring, eliminating 10,000 jobs in the process. Of the total jobs being cut, 3,900 jobs will be at stores being shut down as part of a plan announced last August top close 100 of its 730 namesake stores. An additional 6,200 jobs will be eliminated due to streamlining and cutting costs, as Macy's turns its focus towards its online business; digital sales increased by a double-digit percentage over the holiday season.
Other retailers and department stores are feeling the somber holiday pressure today. In midday trading, JCPenney Inc. JCP is down 6.73%, Nordstrom Inc. JWN is down 8.87%, Dillard's Inc. DDS is down 11.11%, and even Target Corp. TGT is feeling the effect, down 2.43%.
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NORDSTROM INC (JWN): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In midday trading, JCPenney Inc. JCP is down 6.73%, Nordstrom Inc. JWN is down 8.87%, Dillard's Inc. DDS is down 11.11%, and even Target Corp. TGT is feeling the effect, down 2.43%. Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. Kohl's reported a 2.1% drop in comparable sales in the fiscal months of November and December combined, which included e-commerce and stores open for at least one year, a huge disappointment for a company who implemented several new turnaround initiatives.
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Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. In midday trading, JCPenney Inc. JCP is down 6.73%, Nordstrom Inc. JWN is down 8.87%, Dillard's Inc. DDS is down 11.11%, and even Target Corp. TGT is feeling the effect, down 2.43%. On Thursday, department store stalwarts Kohl's Corp. KSS and Macy's M are plummeting after both companies announced disappointing holiday season sales.
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Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. In midday trading, JCPenney Inc. JCP is down 6.73%, Nordstrom Inc. JWN is down 8.87%, Dillard's Inc. DDS is down 11.11%, and even Target Corp. TGT is feeling the effect, down 2.43%. Kohl's reported a 2.1% drop in comparable sales in the fiscal months of November and December combined, which included e-commerce and stores open for at least one year, a huge disappointment for a company who implemented several new turnaround initiatives.
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In midday trading, JCPenney Inc. JCP is down 6.73%, Nordstrom Inc. JWN is down 8.87%, Dillard's Inc. DDS is down 11.11%, and even Target Corp. TGT is feeling the effect, down 2.43%. Click to get this free report NORDSTROM INC (JWN): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report To read this article on Zacks.com click here. On Thursday, department store stalwarts Kohl's Corp. KSS and Macy's M are plummeting after both companies announced disappointing holiday season sales.
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719879.0
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2017-01-05 00:00:00 UTC
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Midday Update: Stocks Pressured by Soft Holiday Sales, Slumping Oil Prices
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https://www.nasdaq.com/articles/midday-update-stocks-pressured-soft-holiday-sales-slumping-oil-prices-2017-01-05
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The benchmark averages slipped into negative territory in sympathy with oil futures after the Energy Information Administration said gasoline and distillate stockpiles swelled in the latest survey week.
Additionally, stocks were also under pressure after several large retailers reported disappointing holiday sales, and Sears ( SHLD ) announced plans to shutter another 150 stores in reaction to plummeting same-store sales.
Macy's ( M ) and Kohl's ( KSS ) both reported weaker-than-expected sales for the months of November and December, prompting the department stores to lower their full-year profit forecasts for 2016. The news weighed on the entire retail sector with shares of Dillard's ( DDS ), Nordstrom ( JWN ) and JC Penney (JCP) trading Thursday with outsized losses.
Economic data failed to increase investor's appetite for equities despite a significant drop in initial jobless claims, and a healthy data from the services sector of the economy.
Automated Data Processing found that the private sector added 153,000 new jobs in December, missing expectations for a gain of 172,000, but still indicative of the strength in the labor market.
Initial jobless claims plummeted 30,000 for the week ended Dec. 31 to 235,000 total claims, well below expectations for a decline of just 5,000.
The purchasing manager's final December index for the services sector retreated to 53.9 from 54.6 in November, but was up from the flash reading of 53.4.
Finally, the Institute for Supply Management non-manufacturing index was unchanged in December at 57.2, but beat expectations to decline slightly to 56.8.
European markets ended Thursday slightly higher with the UK's FTSE-100 closing at a record high on gains in home builder stocks, and Euro-zone bourses were mixed on corresponding gains in the joint currency. Investors worry that a rising euro will eat into profits for multi-national corporations and European exporters.
Crude oil was down $0.12 to $53.14 per barrel. Natural gas was down $0.05 to $3.20 per 1 million BTU. Gold was up was up $17.60 to $1,182.90 an ounce, while silver was up $0.11 to $16.66 an ounce. Copper was down $0.02 to $2.54 per pound.
Among energy ETFs, the United States Oil Fund was up 0.35% to $11.62 with the United States Natural Gas Fund was down 1.54% to $8.02. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was up 5.66% to 23.16 while SPDR Gold Shares were up 1.67% to $112.72. The iShares Silver Trust was up 1.00% to $15.74.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was down 21.19 points (-0.19%) to 11,225.87
Dow Jones Industrial Index was down 91.35 points (-0.45%) to 19,851.95
S&P 500 was down 6.13 points (-0.27%) to 2,264.62
Nasdaq Composite Index was down 3.43 points (-0.06%) to 5,473.58
GLOBAL SENTIMENT
FTSE 100 was up 5.57 points (+0.08%) to 7,195.31
DAX was up 0.63 points (+0.00%) to 11,584.94
CAC 40 was up 1.24 points (+0.03%) to 4,900.64
Nikkei 225 was down 73.47 points (-0.37%) to 19,520.69
Hang Seng Index was up 322.22 points (+1.4%) to 22,456.69
Shanghai China Composite Index was up 6.62 points (+0.21%) to 3,165.41
NYSE SECTOR INDICES
NYSE Energy Sector Index was down 12.45 points (-0.12%) to 11,654.34
NYSE Financial Sector Index was down 46.51 points (-0.65%) to 7,072.72
NYSE Healthcare Sector Index was up 87.22 points (+0.72) to 12,154.33
UPSIDE MOVERS
(+) ETRM (+89.72%) Disclosed its vBloc neurometabolic therapy is now available at MedStar Health and Roper St. Francis in S. Carolina
(+) CEB (+20.80%) To be acquired by Gartner (IT) for $2.6 billion
(+) PIRS (+22.42%) Forges a collaboration with France-based Servier
(+) CTIC (+16.12%) Full clinical hold on pacritinib has been removed
DOWNSIDE MOVERS
(-) AEZS (-23.62%) Macrilen failed to achieve phase 3 objective, company evaluating whether to continue development
(-) KSS (-20.08%) Cuts 2016 earnings forecast
(-) M (-13.88%) Lowers 2016 earnings forecast
(-) TRV (-1.64%) Downgraded at Morgan Stanley to underweight from equalweight
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The news weighed on the entire retail sector with shares of Dillard's ( DDS ), Nordstrom ( JWN ) and JC Penney (JCP) trading Thursday with outsized losses. The benchmark averages slipped into negative territory in sympathy with oil futures after the Energy Information Administration said gasoline and distillate stockpiles swelled in the latest survey week. (+) ETRM (+89.72%) Disclosed its vBloc neurometabolic therapy is now available at MedStar Health and Roper St. Francis in S. Carolina (+) CEB (+20.80%) To be acquired by Gartner (IT) for $2.6 billion (+) PIRS (+22.42%) Forges a collaboration with France-based Servier (+) CTIC (+16.12%) Full clinical hold on pacritinib has been removed
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The news weighed on the entire retail sector with shares of Dillard's ( DDS ), Nordstrom ( JWN ) and JC Penney (JCP) trading Thursday with outsized losses. European markets ended Thursday slightly higher with the UK's FTSE-100 closing at a record high on gains in home builder stocks, and Euro-zone bourses were mixed on corresponding gains in the joint currency. Among energy ETFs, the United States Oil Fund was up 0.35% to $11.62 with the United States Natural Gas Fund was down 1.54% to $8.02.
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The news weighed on the entire retail sector with shares of Dillard's ( DDS ), Nordstrom ( JWN ) and JC Penney (JCP) trading Thursday with outsized losses. NYSE Composite Index was down 21.19 points (-0.19%) to 11,225.87 Dow Jones Industrial Index was down 91.35 points (-0.45%) to 19,851.95 S&P 500 was down 6.13 points (-0.27%) to 2,264.62 Nasdaq Composite Index was down 3.43 points (-0.06%) to 5,473.58 FTSE 100 was up 5.57 points (+0.08%) to 7,195.31 DAX was up 0.63 points (+0.00%) to 11,584.94 CAC 40 was up 1.24 points (+0.03%) to 4,900.64 Nikkei 225 was down 73.47 points (-0.37%) to 19,520.69 Hang Seng Index was up 322.22 points (+1.4%) to 22,456.69 Shanghai China Composite Index was up 6.62 points (+0.21%) to 3,165.41
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The news weighed on the entire retail sector with shares of Dillard's ( DDS ), Nordstrom ( JWN ) and JC Penney (JCP) trading Thursday with outsized losses. Macy's ( M ) and Kohl's ( KSS ) both reported weaker-than-expected sales for the months of November and December, prompting the department stores to lower their full-year profit forecasts for 2016. Automated Data Processing found that the private sector added 153,000 new jobs in December, missing expectations for a gain of 172,000, but still indicative of the strength in the labor market.
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2017-01-03 00:00:00 UTC
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Will Dillard's Growth Efforts Help Gain Momentum in 2017?
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https://www.nasdaq.com/articles/will-dillards-growth-efforts-help-gain-momentum-in-2017-2017-01-03
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Dillard's, Inc.DDS is well positioned to benefit from growth opportunities in both its brick-and-mortar stores and eCommerce business, which will help to retain its existing customers and attract new ones. Also, the company has created a niche for itself through its stringent focus on offering fashionable products and adding value through exceptional customer care service.
As a leading player among fashion apparel, cosmetics and home furnishing retailers, Dillard's offers a broad array of merchandise at its stores. These stores feature products from both national and exclusive brands. The company is likely to gain from better brand relations, focus on in-trend categories, store remodels and rewarding store personnel.
Alongside, the company focuses on enhancing merchandise assortments and effective inventory management to boost growth across its eCommerce business. We expect its top line and bottom line to gain not only from increasing productivity at the existing stores, but also by developing a leading omni-channel platform and enhancing its domestic operations in the years ahead.
DILLARDS INC-A Price and Consensus
DILLARDS INC-A Price and Consensus | DILLARDS INC-A Quote
However, Dillard's reverted to its negative surprise trend in third-quarter fiscal 2016 as earnings missed estimates and plunged year over year mainly due to soft sales performance. Results were also hurt by the persistent challenging trends in the apparel retail segment as well as gross margin contraction. Further, Dillard's fiscal 2016 outlook indicates significant cost pressures, which might hurt margins and earnings. (Read more: Dillard's Q3 Earnings Miss on Soft Sales, Stock Down )
Consequently, the Zacks Consensus Estimate for fiscal 2016 and fiscal 2017 has declined 3.8% to $5.59 and 3.4% to $5.46, respectively, over the past 60 days.
Moreover, the retail industry is expected to remain challenging as brick-and-mortar stores continue to lose sheen to the rise of online businesses. In addition, raw material price volatility, macroeconomic challenges and competitive threat remain major concerns for the company.
Nonetheless, Dillard's focus on increasing productivity, enhancement of domestic operations and the aforementioned growth strategies, along with shareholder-friendly moves, are likely to help the company in sustaining its momentum. Moreover, estimates have been stable, of late, ahead of the fourth-quarter earnings release. Further, we note that its shares have increased nearly 3% in the past six months, outperforming the Zacks categorized Retail-Wholesale sector's rise of 1%.
Zacks Rank & Key Picks
Dillard's currently has a Zacks Rank #3 (Hold). Some better-ranked stocks include The Children's Place, Inc. PLCE , Christopher & Banks Corporation CBK and Kohl's Corporation KSS .
The Children's Place, with a long-term earnings growth rate of 10.3%, has gained 25.9% in the past six months. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Christopher & Banks, a Zacks Rank #1 stock, has surged a whopping 61.4% in the past three months. Moreover, it has a long-term earnings growth rate of 15%.
Kohl's, which carries a Zacks Rank #2 (Buy) has a long-term earnings growth rate of 7%. Also, the stock has increased 30.2% in the past six months.
Zacks' Top 10 Stocks for 2017
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CHILDRENS PLACE (PLCE): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc.DDS is well positioned to benefit from growth opportunities in both its brick-and-mortar stores and eCommerce business, which will help to retain its existing customers and attract new ones. Click to get this free report CHILDRENS PLACE (PLCE): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here. As a leading player among fashion apparel, cosmetics and home furnishing retailers, Dillard's offers a broad array of merchandise at its stores.
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Click to get this free report CHILDRENS PLACE (PLCE): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS is well positioned to benefit from growth opportunities in both its brick-and-mortar stores and eCommerce business, which will help to retain its existing customers and attract new ones. DILLARDS INC-A Price and Consensus DILLARDS INC-A Price and Consensus | DILLARDS INC-A Quote However, Dillard's reverted to its negative surprise trend in third-quarter fiscal 2016 as earnings missed estimates and plunged year over year mainly due to soft sales performance.
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Click to get this free report CHILDRENS PLACE (PLCE): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS is well positioned to benefit from growth opportunities in both its brick-and-mortar stores and eCommerce business, which will help to retain its existing customers and attract new ones. DILLARDS INC-A Price and Consensus DILLARDS INC-A Price and Consensus | DILLARDS INC-A Quote However, Dillard's reverted to its negative surprise trend in third-quarter fiscal 2016 as earnings missed estimates and plunged year over year mainly due to soft sales performance.
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Dillard's, Inc.DDS is well positioned to benefit from growth opportunities in both its brick-and-mortar stores and eCommerce business, which will help to retain its existing customers and attract new ones. Click to get this free report CHILDRENS PLACE (PLCE): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report CHRISTOPHER&BNK (CBK): Free Stock Analysis Report To read this article on Zacks.com click here. (Read more: Dillard's Q3 Earnings Miss on Soft Sales, Stock Down ) Consequently, the Zacks Consensus Estimate for fiscal 2016 and fiscal 2017 has declined 3.8% to $5.59 and 3.4% to $5.46, respectively, over the past 60 days.
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719881.0
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2016-12-20 00:00:00 UTC
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Tuesday Sector Leaders: Department Stores, Non-Precious Metals & Non-Metallic Mining Stocks
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https://www.nasdaq.com/articles/tuesday-sector-leaders-department-stores-non-precious-metals-non-metallic-mining-stocks
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In trading on Tuesday, department stores shares were relative leaders, up on the day by about 3.7%. Leading the group were shares of Freds ( FRED ), up about 77.8% and shares of Dillards ( DDS ) up about 4.7% on the day.
Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 1.6% as a group, led by Century Aluminum Company ( CENX ), trading higher by about 8.1% and Cliffs Natural Resources ( CLF ), trading higher by about 6.4% on Tuesday.
VIDEO: Tuesday Sector Leaders: Department Stores, Non-Precious Metals & Non-Metallic Mining Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Freds ( FRED ), up about 77.8% and shares of Dillards ( DDS ) up about 4.7% on the day. In trading on Tuesday, department stores shares were relative leaders, up on the day by about 3.7%. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 1.6% as a group, led by Century Aluminum Company ( CENX ), trading higher by about 8.1% and Cliffs Natural Resources ( CLF ), trading higher by about 6.4% on Tuesday.
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Leading the group were shares of Freds ( FRED ), up about 77.8% and shares of Dillards ( DDS ) up about 4.7% on the day. In trading on Tuesday, department stores shares were relative leaders, up on the day by about 3.7%. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 1.6% as a group, led by Century Aluminum Company ( CENX ), trading higher by about 8.1% and Cliffs Natural Resources ( CLF ), trading higher by about 6.4% on Tuesday.
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Leading the group were shares of Freds ( FRED ), up about 77.8% and shares of Dillards ( DDS ) up about 4.7% on the day. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 1.6% as a group, led by Century Aluminum Company ( CENX ), trading higher by about 8.1% and Cliffs Natural Resources ( CLF ), trading higher by about 6.4% on Tuesday. VIDEO: Tuesday Sector Leaders: Department Stores, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the group were shares of Freds ( FRED ), up about 77.8% and shares of Dillards ( DDS ) up about 4.7% on the day. In trading on Tuesday, department stores shares were relative leaders, up on the day by about 3.7%. VIDEO: Tuesday Sector Leaders: Department Stores, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2016-12-14 00:00:00 UTC
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The Arctic Blast Could Send Department Store Sales and Profits Soaring
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https://www.nasdaq.com/articles/arctic-blast-could-send-department-store-sales-and-profits-soaring-2016-12-14
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It's hard to describe the sell-off in most department store stocks during late 2015 and early 2016 as anything other than a panic. Between mid-May of 2015 and mid-May of 2016, shares of Macy's (NYSE: M) , Kohl's (NYSE: KSS) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) all lost about half of their value. Even J.C. Penney (NYSE: JCP) shares posted a double-digit decline, despite the company's significant turnaround progress.
Department Store Stock Performance, May 2015-May 2016. Data source: YCharts .
Some of this sell-off was justified, as department stores have lost ground to nimbler competitors. But some of it represented an overreaction to weather-inflicted sales and earnings declines. With bitterly cold weather sweeping across the country this month, department stores are poised for a strong rebound in sales and earnings in the fourth quarter.
Department store sales trends have been deteriorating
During 2015, department stores delivered mixed results. J.C. Penney was a positive outlier, posting a 4.5% full-year increase in comp sales as it continued to regain customers following its failed strategy shift of 2012-2013. Nordstrom also performed well during the first half of the year, but sales slowed beginning in August. By Q4, Nordstrom's full-line comp sales were up just 0.2% year over year.
Meanwhile, Kohl's posted sluggish 0.7% comp sales growth for the full year. Still, that was better than the 2% and 2.5% full-year comp sales declines recorded at Dillard's and Macy's, respectively.
Despite easier comparisons, sales trends have gotten worse this year. Through the first three quarters of fiscal 2016, comp sales declined at a low-to-mid single-digit rate at Macy's, Kohl's, Nordstrom, and Dillard's. Even J.C. Penney only managed a 0.3% comp sales increase during that period.
Most department stores have reported comp sales declines this year. Image source: The Motley Fool.
Don't underestimate the weather
Rising competition from e-commerce businesses like Amazon.com and off-price retailers such as TJX Companies clearly played a role in department stores' poor results in 2015 and the first three quarters of 2016. However, these companies were already formidable competitors in the years before that, and department stores were able to coexist with them then.
Thus, other factors have probably contributed to department stores' poor results. Chief among them is unfavorable weather.
Last year was the warmest winter on record in the U.S. Between December and February, average temperatures were about 5 degrees warmer than normal. This severely hurt sales of cold-weather apparel at department stores. Ultimately, they had to offer huge margin-killing clearance discounts to get rid of the excess merchandise at the end of the season.
After the weather was unseasonably warm between December and February, a six-week cold spell began in March -- just when department stores start selling spring merchandise. Because of this double-whammy, Q1 was the worst quarter of the past two years for department stores.
Department stores got walloped again by unfavorable weather last quarter. The U.S. experienced the warmest September on record, discouraging consumers from buying fall-weather merchandise. Cooler temperatures arrived too late in the quarter for retailers to make up for the weak September.
The weather is finally cooperating
In the past week or so, frigid temperatures have started to sweep across the U.S, with even more cold weather on the way. This is a welcome event for department store investors, as it should spark strong sales of winter apparel.
Cold weather could reinvigorate department stores' sales this quarter. Image source: The Motley Fool.
Two years ago, the U.S. had a cold and snowy winter, and it drove strong sales growth for nearly every department store chain. Macy's, Kohl's, J.C. Penney, Nordstrom, and Dillard's all reported comp sales growth of 2.5% to 4.5% that quarter.
Sales of cold-weather merchandise plunged by more than $200 million year over year at Macy's during the mild winter of 2015-2016. Even if the company recovers just half of that lost sales volume, it will have a big positive impact on revenue this quarter.
Furthermore, department stores entered this quarter with very lean inventories relative to a year earlier. As a result, pricing should be much stronger, driving profit margins higher across the industry.
Department stores' susceptibility to weather-related trends is a clear weakness compared to other retailers. But the weather does cooperate sometimes. The past year and a half was particularly tough from a weather standpoint. By contrast, investors may be surprised by the speed and strength of the recovery in department store earnings this quarter and in 2017.
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Adam Levine-Weinberg owns shares of J.C. Penney, Macy's, and Nordstrom and is long January 2018 $60 calls and short January 2018 $90 calls on The TJX Companies. The Motley Fool owns shares of and recommends Amazon.com. The Motley Fool recommends Nordstrom. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Between mid-May of 2015 and mid-May of 2016, shares of Macy's (NYSE: M) , Kohl's (NYSE: KSS) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) all lost about half of their value. With bitterly cold weather sweeping across the country this month, department stores are poised for a strong rebound in sales and earnings in the fourth quarter. Don't underestimate the weather Rising competition from e-commerce businesses like Amazon.com and off-price retailers such as TJX Companies clearly played a role in department stores' poor results in 2015 and the first three quarters of 2016.
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Between mid-May of 2015 and mid-May of 2016, shares of Macy's (NYSE: M) , Kohl's (NYSE: KSS) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) all lost about half of their value. Macy's, Kohl's, J.C. Penney, Nordstrom, and Dillard's all reported comp sales growth of 2.5% to 4.5% that quarter. Adam Levine-Weinberg owns shares of J.C. Penney, Macy's, and Nordstrom and is long January 2018 $60 calls and short January 2018 $90 calls on The TJX Companies.
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Between mid-May of 2015 and mid-May of 2016, shares of Macy's (NYSE: M) , Kohl's (NYSE: KSS) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) all lost about half of their value. Department store sales trends have been deteriorating During 2015, department stores delivered mixed results. Most department stores have reported comp sales declines this year.
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Between mid-May of 2015 and mid-May of 2016, shares of Macy's (NYSE: M) , Kohl's (NYSE: KSS) , Nordstrom (NYSE: JWN) , and Dillard's (NYSE: DDS) all lost about half of their value. By Q4, Nordstrom's full-line comp sales were up just 0.2% year over year. Most department stores have reported comp sales declines this year.
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9e0d3978-f56d-43c1-963c-275dd25449de
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719883.0
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2016-12-09 00:00:00 UTC
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Why Dillard's, Inc. Stock Jumped 17% in November
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DDS
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https://www.nasdaq.com/articles/why-dillards-inc-stock-jumped-17-november-2016-12-09
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nan
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DDS data by YCharts
So what
Dillard's surged despite reporting weak results in its third-quarter report. Comparable sales dipped 4%, and overall revenue fell 4.5% to $1.41 billion, edging out expectations of $1.4 billion. On the bottom line, earnings per share compressed from $1.03 to $0.67, missing estimates at $0.77.
CEO William Dillard II summed up the quarter, saying, "Our sales decline continued to weigh heavily on profitability during the third quarter. As we work through this tough time, we are focused on improving customer experience through attracting and maintaining premium brands while providing exceptional service."
Dillard's stock rose as a number of department store chains like Kohl's and Nordstrom reported better-than-expected results, and that was enough to turn industry sentiment bullish heading into the holiday season, as even stocks like J.C. Penney , which had a weak quarter, still rose.
Now what
Dillard's has been spending aggressively on share buybacks, reducing its outstanding stock by 13% in the past year. That's helped prop up declining earnings per share, but the company may be better off using that money to invest in the business rather than returning it to shareholders. Dillard's had net income of just $22.8 million in the previous quarter, but repurchased $53.1 million of stock, a trend that is simply not sustainable, especially since it only has $80 million in cash on its balance sheet.
The holiday quarter is a big one for department stores, but I'd consider selling Dillard's after last month's gain as the sales slide is going to be hard to reverse and the company is throwing away much-needed cash on buybacks.
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Jeremy Bowman has no position in any stocks mentioned. The Motley Fool recommends Nordstrom. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDS data by YCharts So what Dillard's surged despite reporting weak results in its third-quarter report. As we work through this tough time, we are focused on improving customer experience through attracting and maintaining premium brands while providing exceptional service." That's helped prop up declining earnings per share, but the company may be better off using that money to invest in the business rather than returning it to shareholders.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DDS data by YCharts So what Dillard's surged despite reporting weak results in its third-quarter report. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.
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DDS data by YCharts So what Dillard's surged despite reporting weak results in its third-quarter report. Dillard's stock rose as a number of department store chains like Kohl's and Nordstrom reported better-than-expected results, and that was enough to turn industry sentiment bullish heading into the holiday season, as even stocks like J.C. Penney , which had a weak quarter, still rose. Dillard's had net income of just $22.8 million in the previous quarter, but repurchased $53.1 million of stock, a trend that is simply not sustainable, especially since it only has $80 million in cash on its balance sheet.
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DDS data by YCharts So what Dillard's surged despite reporting weak results in its third-quarter report. Dillard's stock rose as a number of department store chains like Kohl's and Nordstrom reported better-than-expected results, and that was enough to turn industry sentiment bullish heading into the holiday season, as even stocks like J.C. Penney , which had a weak quarter, still rose. The holiday quarter is a big one for department stores, but I'd consider selling Dillard's after last month's gain as the sales slide is going to be hard to reverse and the company is throwing away much-needed cash on buybacks.
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a032d6b5-ac6e-49a2-a065-4b6d86389bb6
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719884.0
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2016-12-09 00:00:00 UTC
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New Strong Sell Stocks for December 9th
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DDS
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-9th-2016-12-09
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Badger Meter, Inc.BMI manufactures and sells flow measurement and control technologies related products. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 30 days.
Delta Air Lines, Inc.DAL provides scheduled air transportation for passengers and cargo in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has declined 4.8% over the last 30 days.
Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It has seen the Zacks Consensus Estimate for its current year earnings being revised 3.4% downward over the last 30 days.
Express, Inc.EXPR operates as a specialty apparel and accessories retailer. The Zacks Consensus Estimate revision for its current year earnings was a negative of 25.4% over the last 30 days.
Fiesta Restaurant Group, Inc . FRGI owns, operates, and franchises fast-casual restaurants. The Zacks Consensus Estimate for its current year earnings has moved 1.7% lower over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DELTA AIR LINES (DAL): Free Stock Analysis Report
BADGER METER (BMI): Free Stock Analysis Report
EXPRESS INC (EXPR): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FIESTA RESTRNT (FRGI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FIESTA RESTRNT (FRGI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 30 days.
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Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FIESTA RESTRNT (FRGI): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. The Zacks Consensus Estimate revision for its current year earnings was a negative of 25.4% over the last 30 days.
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Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FIESTA RESTRNT (FRGI): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 30 days.
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Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. Click to get this free report DELTA AIR LINES (DAL): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report EXPRESS INC (EXPR): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FIESTA RESTRNT (FRGI): Free Stock Analysis Report To read this article on Zacks.com click here. FRGI owns, operates, and franchises fast-casual restaurants.
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dec65237-364e-414e-9e69-50d898b45ef3
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719885.0
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2016-12-07 00:00:00 UTC
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New Strong Sell Stocks for December 7th
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DDS
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-7th-2016-12-07
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
BJ's Restaurants, Inc.BJRI owns and operates casual dining restaurants in the United States. The Zacks Consensus Estimate for its current year earnings has been revised 0.5% downward over the last 30 days.
C.H. Robinson Worldwide, Inc.CHRW a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The Zacks Consensus Estimate for its current year earnings has declined 0.3% over the last 30 days.
Convergys CorporationCVG provides customer management services to communications and media, technology, financial services, retail, and healthcare industries in North America and internationally. It has seen the Zacks Consensus Estimate for its current year earnings being revised 3.7% downward over the last 30 days.
Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. The Zacks Consensus Estimate revision for its current year earnings was a negative of 3.7% over the last 30 days.
Federated National Holding CompanyFNHC through its subsidiaries, engages in insurance underwriting, distribution, and claims processing in the United States. The Zacks Consensus Estimate for its current year earnings has moved 41.1% lower over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CH ROBINSON WWD (CHRW): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
CONVERGYS CORP (CVG): Free Stock Analysis Report
FEDERATED NATL (FNHC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. Click to get this free report CH ROBINSON WWD (CHRW): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report FEDERATED NATL (FNHC): Free Stock Analysis Report To read this article on Zacks.com click here. It has seen the Zacks Consensus Estimate for its current year earnings being revised 3.7% downward over the last 30 days.
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Click to get this free report CH ROBINSON WWD (CHRW): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report FEDERATED NATL (FNHC): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: BJ's Restaurants, Inc.BJRI owns and operates casual dining restaurants in the United States.
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Click to get this free report CH ROBINSON WWD (CHRW): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report FEDERATED NATL (FNHC): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. The Zacks Consensus Estimate for its current year earnings has been revised 0.5% downward over the last 30 days.
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Dillard's, Inc.DDS operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. Click to get this free report CH ROBINSON WWD (CHRW): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report CONVERGYS CORP (CVG): Free Stock Analysis Report FEDERATED NATL (FNHC): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: BJ's Restaurants, Inc.BJRI owns and operates casual dining restaurants in the United States.
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947e58b7-e5e7-40fa-af2c-91556671213e
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719886.0
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2016-11-30 00:00:00 UTC
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3 REITs With Big Insider Buying (DDR, STAG, HPP)
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DDS
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https://www.nasdaq.com/articles/3-reits-with-big-insider-buying-ddr-stag-hpp-2016-11-30
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
First-level investors mistakenly think that real estate investment trust (REIT) profits will be hurt if rates rise. In three instances, they're dead wrong - and missing out on big, secure dividends with upside to boot.
At these REITs, top insiders - who of course know better than armchair observers - are currently buying up their own shares like crazy. While corporate insiders may sell stock for many reasons, they only buy because they believe the payout is safe and price is likely to rise.
In the short run, the "rates up, REITs down" theory puts on quite the show. If you hold REITs in your portfolio, I can tell you how it's trading (up or down) on any given day by considering only one number: the 10-Year Treasury Rate.
When the 10-Year's yield rises, REITs usually fall. And when its yield drops, REITs usually rally.
This relationship tends to hold up over multiple days, weeks and even months:
A Short-Run See Saw Between REITs and T-Bill Yields
But as time passes, this counterbalance falls apart.
The theory goes that because REITs borrow money to grow their property empires, they need cheap cash. And while easy money is certainly favorable, it isn't a "must have" criterion for the landlord. They will simply raise the rent when the lease is up for renewal, passing on their higher borrowing costs to their tenants.
The Best Investments for 2017
Senior execs know when their firms are ready to raise the rent - and the most confident ones are right now gobbling up their own shares for their personal accounts!
Here are three REITs where insiders are putting their money where their mouths are.
REITs With Big Insider Buying: DDR Corp (DDR)
DDR Corp's ( DDR ) C-level executive Alexander Otto has been enthusiastically adding to his already-massive pile of shares this month. He's been buying alongside other insiders - combined they've purchased over 531,000 shares (about $8 million worth) for their personal accounts.
DDR owns 352 malls across the U.S. Lately it's been a better buy than popular (and often overvalued) retail REIT Realty Income Corp ( O ). DDR has delivered 138% payout growth over the last five years, more than triple O's 39%. Its execs are taking advantage of an all-time high in their stock's current yield:
DDR Insiders Buy Their Yield "Breakout"
REITs With Big Insider Buying: Stag Industrial Inc (STAG)
Stag Industrial Inc ( STAG ) owns, operates and rents 290 standalone industrial buildings, most of which are warehouses or distribution centers. These properties are in hot demand thanks to the e-commerce megatrend (think about all the online gifts purchased this holiday season - most of them will ship from a warehouse):
E-Commerce Sales Booming in America
Insiders have taken advantage of share price weakness throughout 2016 to load up their personal accounts with STAG stock.
The 7 Best Tech Stocks in the World
Over the past 12 months, they've purchased more than 46,000 shares.
REITs With Big Insider Buying: Hudson Pacific Properties Inc (HPP)
Hudson Pacific Properties Inc ( HPP ) meanwhile has seen even more furious buying. Insiders have purchased 800,000 shares (about 0.67% of float) over the past year. The company hiked its dividend by 60% in late 2015, and management remains bullish.
HPP acquires and develops posh office spaces on the West Coast, focusing on Silicon Valley, Seattle and Los Angeles. These business markets are booming, and HPP's insiders are excited to personally profit from this big trend.
And These 3 CEOs Are Buying Their Own Recession-Proof Stock
As I alluded to earlier, while I like insider buying, I love seeing the guy at the top of the food chain putting his personal money where his mouth is.
And today, three CEOs are backing up their personal trucks and buying as much stock in their REITs as they can get their hands on!
I don't blame them. All three businesses are recession-proof, and should continue to cruise no matter what happens in Trump's first 100 days or beyond. These companies have captive, growing audiences - and they'll be able to continue raising the rent without a problem.
And best of all, these stocks pay current yields up to 9% . They are cornerstones of my "no withdrawal" portfolio , which lets retirees and near-retirees generate enough income from dividends that they never have to sell a share of stock.
I'm sure you've considered this strategy. Maybe you're dismayed that it's impossible to execute with rates near historic lows. After all, with paltry dividends, there's not enough income to live off.
That's why a different approach - a contrarian one - is needed today. We must locate yields that are 7% or 8% or higher, and also make sure they're secure. And what better way to do this than to follow CEOs buying their own out-of-favor, high yielding shares!
I'd love to share the names and tickers of these three insider-loved recession-proof REITs with you. Click here and I'll explain in my full analysis - and I'll also outline my entire "no withdrawal" strategy so that you can live off dividends alone.
The post 3 REITs With Big Insider Buying (DDR, STAG, HPP) appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This relationship tends to hold up over multiple days, weeks and even months: A Short-Run See Saw Between REITs and T-Bill Yields But as time passes, this counterbalance falls apart. The Best Investments for 2017 Senior execs know when their firms are ready to raise the rent - and the most confident ones are right now gobbling up their own shares for their personal accounts! HPP acquires and develops posh office spaces on the West Coast, focusing on Silicon Valley, Seattle and Los Angeles.
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REITs With Big Insider Buying: DDR Corp (DDR) DDR Corp's ( DDR ) C-level executive Alexander Otto has been enthusiastically adding to his already-massive pile of shares this month. Its execs are taking advantage of an all-time high in their stock's current yield: DDR Insiders Buy Their Yield "Breakout" REITs With Big Insider Buying: Stag Industrial Inc (STAG) Stag Industrial Inc ( STAG ) owns, operates and rents 290 standalone industrial buildings, most of which are warehouses or distribution centers. REITs With Big Insider Buying: Hudson Pacific Properties Inc (HPP) Hudson Pacific Properties Inc ( HPP ) meanwhile has seen even more furious buying.
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REITs With Big Insider Buying: DDR Corp (DDR) DDR Corp's ( DDR ) C-level executive Alexander Otto has been enthusiastically adding to his already-massive pile of shares this month. Its execs are taking advantage of an all-time high in their stock's current yield: DDR Insiders Buy Their Yield "Breakout" REITs With Big Insider Buying: Stag Industrial Inc (STAG) Stag Industrial Inc ( STAG ) owns, operates and rents 290 standalone industrial buildings, most of which are warehouses or distribution centers. REITs With Big Insider Buying: Hudson Pacific Properties Inc (HPP) Hudson Pacific Properties Inc ( HPP ) meanwhile has seen even more furious buying.
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When the 10-Year's yield rises, REITs usually fall. He's been buying alongside other insiders - combined they've purchased over 531,000 shares (about $8 million worth) for their personal accounts. And These 3 CEOs Are Buying Their Own Recession-Proof Stock As I alluded to earlier, while I like insider buying, I love seeing the guy at the top of the food chain putting his personal money where his mouth is.
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8088c629-71cd-4d92-be2d-70afb2ae44f4
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719887.0
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2016-11-16 00:00:00 UTC
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New Strong Sell Stocks for November 16th
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DDS
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-november-16th-2016-11-16
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
• Whirlpool Corp.WHR manufactures and markets a full line of major appliances and related products, primarily for home use. The Zacks Consensus Estimate for its current year earnings has been revised 3.1% downward over the last 30 days.
• LendingTree, Inc.TREE is a leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. The Zacks Consensus Estimate for its current year earnings has declined nearly 4.4% over the last 30 days.
• Fair Isaac CorporationFICO develops analytic, software, and data management products and services. It has seen the Zacks Consensus Estimate for its current year earnings being revised 6.2% downward over the last 30 days.
• Dillard's Inc.DDS is one of the nation's largest fashion apparel and home furnishings retailers. The Zacks Consensus Estimate revision for its current year earnings was a negative of 11.4% over the last 30 days.
• Clearwater Paper CorporationCLW produces pulp and paperboard. The Zacks Consensus Estimate for its current year earnings has moved 9.1% lower over the last 30 days.
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FAIR ISAAC INC (FICO): Free Stock Analysis Report
WHIRLPOOL CORP (WHR): Free Stock Analysis Report
LENDINGTREE INC (TREE): Free Stock Analysis Report
CLEARWATER PAPR (CLW): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Dillard's Inc.DDS is one of the nation's largest fashion apparel and home furnishings retailers. Click to get this free report FAIR ISAAC INC (FICO): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report LENDINGTREE INC (TREE): Free Stock Analysis Report CLEARWATER PAPR (CLW): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: • Whirlpool Corp.WHR manufactures and markets a full line of major appliances and related products, primarily for home use.
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Click to get this free report FAIR ISAAC INC (FICO): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report LENDINGTREE INC (TREE): Free Stock Analysis Report CLEARWATER PAPR (CLW): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. • Dillard's Inc.DDS is one of the nation's largest fashion apparel and home furnishings retailers. The Zacks Consensus Estimate revision for its current year earnings was a negative of 11.4% over the last 30 days.
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Click to get this free report FAIR ISAAC INC (FICO): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report LENDINGTREE INC (TREE): Free Stock Analysis Report CLEARWATER PAPR (CLW): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. • Dillard's Inc.DDS is one of the nation's largest fashion apparel and home furnishings retailers. The Zacks Consensus Estimate for its current year earnings has been revised 3.1% downward over the last 30 days.
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• Dillard's Inc.DDS is one of the nation's largest fashion apparel and home furnishings retailers. Click to get this free report FAIR ISAAC INC (FICO): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report LENDINGTREE INC (TREE): Free Stock Analysis Report CLEARWATER PAPR (CLW): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List .
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6e29db8b-4d38-4696-aded-24448d14e314
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719888.0
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2016-11-14 00:00:00 UTC
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Nordstrom Soars in Q3, While Dillard's Falls Further Behind
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DDS
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https://www.nasdaq.com/articles/nordstrom-soars-q3-while-dillards-falls-further-behind-2016-11-14
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nan
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Department stores kicked off earnings season on a positive note on Thursday morning, and Nordstrom (NYSE: JWN) continued the parade of good news on Thursday afternoon. The upscale retailer posted solid sales growth and a strong margin performance for Q3.
Nordstrom's sales and earnings beat expectations in Q3. Image source: Nordstrom.
However, smaller department store chain Dillard's (NYSE: DDS) didn't fare as well, posting another decline in sales and a sharp drop in net income. The contrasting results from these two chains show that Nordstrom's heavy investments are starting to pay off, whereas Dillard's may be falling behind due to its stingy investing habits.
Nordstrom has a successful quarter
Last quarter, Nordstrom benefited from the timing of its Anniversary Sale -- its biggest sale event of the year -- which helped it grow revenue 7.2% year over year on a 2.4% increase in comparable store sales. Adjusted EPS reached $0.84, up from $0.57 a year earlier.
However, there was more to Nordstrom's strong results than the timing of this sale. First, looking at the second and third quarters combined to neutralize the impact of the sale's timing, Nordstrom still posted respectable sales growth of 3.3%, on a 0.4% comp sales increase.
Second, Nordstrom's gross margin rose to 34.8% from 33.9% in Q3 2015. The company has done a much better job of managing its inventory in the past two quarters, thereby avoiding the need for margin-sapping clearance discounts. Indeed, by the end of Q3, inventory was flat year over year, whereas it was up 12% to start the year. This improvement in inventory management should help Nordstrom continue to post strong profitability in the next few quarters.
Third, Nordstrom has improved its cost structure this year, recognizing that its sales growth is moderating. This will allow the company to maintain and even gradually expand its profit margin with mid-single-digit sales growth.
Trunk Club has been a money loser for Nordstrom thus far. Image source: Nordstrom.
During Q3, Nordstrom did have to take a $197 million writedown on Trunk Club, a promising start-up that it bought two years ago. While Trunk Club is still growing at a healthy rate, Nordstrom has had trouble getting the business to turn a profit. However, its recent decision to integrate the Trunk Club and Nordstrom supply chains should help in that respect.
Dillard's troubles continue
Meanwhile, Dillard's is still struggling to stay relevant. Over the past year, Dillard's has faced slumping sales and a collapse in its profit margin. Through the first three quarters of fiscal 2016, adjusted net income has plummeted 37% year over year. In Q3, adjusted EPS plunged to $0.67 from $1.03 a year earlier, missing analysts' expectations.
Dillard's will face easier comparisons going forward, but it's troubling that its sales and earnings trend didn't improve at all in Q3. The only good news the company has been able to offer lately is that it continues to buy back lots of stock as its share price has fallen. But unless Dillard's can stabilize its profitability, these share buybacks won't increase shareholder value.
It pays to invest
Nordstrom raised its full-year adjusted earnings guidance on Thursday, based on its strong Q3 results.
Looking ahead to 2017, Nordstrom will continue to benefit from solid e-commerce growth thanks to its massive investments in technology and fulfillment. Furthermore, its investments in rapidly expanding the Nordstrom Rack off-price chain and opening stores in Canada should start to mature in 2017, driving an increase in profitability.
The Nordstrom Rack chain has expanded dramatically in recent years. Image source: The Motley Fool.
While Nordstrom has been investing heavily for the past few years to adapt to the changing retail environment, Dillard's has been extremely frugal. For example, Dillard's currently plans to spend just $100 million on capex this year, compared to $800 million or more at Nordstrom -- despite the fact that Dillard's has significantly more retail square footage.
Dillard's tight-fisted approach to capex has allowed it to produce plenty of free cash flow in recent years. Now it may be paying the price. The recent sales trends at Dillard's aren't all that different from what Nordstrom is experiencing in its full-line stores. But Nordstrom can fall back on its fast-growing online and off-price businesses for growth. By contrast, if mall traffic continues to decline, there could be a lot more pain ahead for Dillard's.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, smaller department store chain Dillard's (NYSE: DDS) didn't fare as well, posting another decline in sales and a sharp drop in net income. Furthermore, its investments in rapidly expanding the Nordstrom Rack off-price chain and opening stores in Canada should start to mature in 2017, driving an increase in profitability. But here's why you should ignore the election: Investing geniuses Tom and David Gardner have spent a long time beating the market no matter who's in the White House.
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However, smaller department store chain Dillard's (NYSE: DDS) didn't fare as well, posting another decline in sales and a sharp drop in net income. The upscale retailer posted solid sales growth and a strong margin performance for Q3. Nordstrom has a successful quarter Last quarter, Nordstrom benefited from the timing of its Anniversary Sale -- its biggest sale event of the year -- which helped it grow revenue 7.2% year over year on a 2.4% increase in comparable store sales.
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However, smaller department store chain Dillard's (NYSE: DDS) didn't fare as well, posting another decline in sales and a sharp drop in net income. Nordstrom has a successful quarter Last quarter, Nordstrom benefited from the timing of its Anniversary Sale -- its biggest sale event of the year -- which helped it grow revenue 7.2% year over year on a 2.4% increase in comparable store sales. First, looking at the second and third quarters combined to neutralize the impact of the sale's timing, Nordstrom still posted respectable sales growth of 3.3%, on a 0.4% comp sales increase.
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However, smaller department store chain Dillard's (NYSE: DDS) didn't fare as well, posting another decline in sales and a sharp drop in net income. The only good news the company has been able to offer lately is that it continues to buy back lots of stock as its share price has fallen. Image source: The Motley Fool.
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2016-11-11 00:00:00 UTC
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Stock Market News for November 11, 2016
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https://www.nasdaq.com/articles/stock-market-news-for-november-11-2016-2016-11-11
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Benchmarks closed mostly in the green on Thursday as investors scooped up shares of large banks. The U.S. banking sector soared to levels not seen since the midst of 2008 financial crisis. A possible move towards lighter regulation and increase in fiscal spending helped banks gain traction.
Pharmaceutical stocks also gained on the prospect that a Trump administration will be less restrictive on drug pricing than Clinton. However, some of the world's largest tech companies tanked as investors continue to adjust for Trump's upset victory in the presidential election. Decline in tech shares dragged the Nasdaq down.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.
The Dow Jones Industrial Average (DJI) gained 218.19 points or 1.2%, to close at 18,807.88, after hitting an all-time high of 18,873.66. The S&P 500 advanced 0.2% to close at 2,167.48. The tech-laden Nasdaq Composite Index closed at 5,208.80, decreasing 0.8%. The fear-gauge CBOE Volatility Index (VIX) surged 4.7% to settle at 15.06. A total of around 12.3 billion shares were traded on Thursday, far above the last 20-session average of 7.3 billion shares. Decliners outpaced advancing stocks on the NYSE. For 53% stocks that declined, 46% advanced.
Banks Rally
Trump's presidency is expected to boost financials because of his plan to increase fiscal spending to fund infrastructure projects. The 10-year Treasury yield has moved north on expectations that Trump will significantly boost fiscal outlays.
Trump noted in his victory speech, "We are going to fix our inner cities, and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We're going to rebuild our infrastructure, and we will put millions of our people to work as we rebuild it."
Banks, meantime, have been facing revenue pressure in a stricter regulatory landscape following the 2008 financial crisis. However, under Trump's regime, a repeal or considerable changes in the Dodd-Frank Act, which has been limiting operational flexibility and includes several provisions, might drive the bottom line of banks to some extent.(read more: 3 Reasons Why President Trump Sounds Good to Banks ).
Shares of Bank of America Corp ( BAC ), Wells Fargo & Co. ( WFC ) and J.P. Morgan Chase ( JPM ) gained 4.4%, 7.6% and 4.6%, respectively. You can seethe complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Drug Stocks Gain
While tougher action on drug pricing by Hillary Clinton had clouded the outlook for the industry this year, investors think that a Trump presidency could bring to an end the "draconian" new pricing rules on drugs in the wake of scandals over prices.
Trump's intention to repeal and replace Obamacare coupled with freeing up cash currently held overseas for tax reasons is also expected to boost the industry. Shares of Pfizer Inc. ( PFE ) and Merck & Co. ( MRK ) increased 4.3% and 1.2%, respectively (read more: 5 Top Biotech Stocks to Buy on Trump Victory ).
Tech Stocks Tank
Tech companies are currently worried about the probable changes to manufacturing and distribution that the Trump would introduce. He has already expressed his willingness for Apple Inc. ( AAPL ) to build its products in the U.S, instead of places such as China. Shares of the Cupertino-based tech giant slipped 1.9% on Thursday (read more: Why Tech Stocks Are Tanking Today ).
Stocks That Made Headlines
Dillard's Q3 Earnings Miss on Soft Sales, Stock Down
Dillard's Inc. ( DDS ) reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. ( Read More )
Nordstrom Raises View on Q3 Earnings Beat, Stock Up
Shares of Nordstrom Inc. ( JWN ) increased 4.4% in the after-market trading session, after the company posted superb third-quarter fiscal 2016 results, followed by a raised fiscal 2016 earnings outlook. ( Read More )
Michael Kors Beats on Q2 Earnings, Outlook Bleak
Michael Kors Holdings Ltd. ( KORS ) continued with its positive earnings surprise streak for the sixth consecutive quarter, when it posted second-quarter fiscal 2017 results. ( Read More )
Disney Q4 Earnings Miss; Stock Up on Optimistic View
The Walt Disney Company ( DIS ) - reported weaker-than-expected earnings and revenues in fourth-quarter fiscal 2016 after beating estimates in the previous quarter. ( Read More )
Petrobras Swings to Surprise Q3 Loss, Stock Tumbles
Petrobras ( PBR ) announced third-quarter loss of $5,380 million, wider than the $1,062 million loss incurred in the year-earlier quarter. ( Read More )
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DILLARDS INC-A (DDS): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks That Made Headlines Dillard's Q3 Earnings Miss on Soft Sales, Stock Down Dillard's Inc. ( DDS ) reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Click to get this free report PETROBRAS-ADR C (PBR): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report PFIZER INC (PFE): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report To read this article on Zacks.com click here. Banks Rally Trump's presidency is expected to boost financials because of his plan to increase fiscal spending to fund infrastructure projects.
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Stocks That Made Headlines Dillard's Q3 Earnings Miss on Soft Sales, Stock Down Dillard's Inc. ( DDS ) reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Click to get this free report PETROBRAS-ADR C (PBR): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report PFIZER INC (PFE): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report To read this article on Zacks.com click here. ( Read More ) Nordstrom Raises View on Q3 Earnings Beat, Stock Up Shares of Nordstrom Inc. ( JWN ) increased 4.4% in the after-market trading session, after the company posted superb third-quarter fiscal 2016 results, followed by a raised fiscal 2016 earnings outlook.
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Stocks That Made Headlines Dillard's Q3 Earnings Miss on Soft Sales, Stock Down Dillard's Inc. ( DDS ) reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Click to get this free report PETROBRAS-ADR C (PBR): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report PFIZER INC (PFE): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report To read this article on Zacks.com click here. ( Read More ) Nordstrom Raises View on Q3 Earnings Beat, Stock Up Shares of Nordstrom Inc. ( JWN ) increased 4.4% in the after-market trading session, after the company posted superb third-quarter fiscal 2016 results, followed by a raised fiscal 2016 earnings outlook.
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Stocks That Made Headlines Dillard's Q3 Earnings Miss on Soft Sales, Stock Down Dillard's Inc. ( DDS ) reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Click to get this free report PETROBRAS-ADR C (PBR): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report MICHAEL KORS (KORS): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report PFIZER INC (PFE): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report To read this article on Zacks.com click here. Decline in tech shares dragged the Nasdaq down.
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2016-11-11 00:00:00 UTC
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Dillard's (DDS) Q3 Earnings Miss on Soft Sales, Stock Down
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https://www.nasdaq.com/articles/dillards-dds-q3-earnings-miss-on-soft-sales-stock-down-2016-11-11
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Dillard's Inc.DDS reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Results were primarily hurt by the persistent challenging trends in the apparel retail segment. In response, shares of this department store chain were down nearly 7% in yesterday's after-hours session.
The company posted earnings of 67 cents per share, which missed the Zacks Consensus Estimate of 77 cents and plunged nearly 35% from $1.03 in the year-ago quarter. Earnings lagged primarily due to soft sales stemming from weak traffic trends that are attributed to consumer preference shifting more to online shopping as well as gross margin contraction.
FindTheCompany | Graphiq
Dillard's total revenue (including service charges and other income) of $1,406.5 million slipped 4.5% from the year-ago quarter but was ahead of the Zacks Consensus Estimate of $1,400.1 million.
Dillard's net sales (including CDI Contractors LLC or CDI) declined 4.8% year over year to $1,365.6 million in the reported quarter. Merchandise sales, excluding CDI, fell 4.3% to roughly $1,323 million. Merchandise comparable-store sales for the 13-week period ended Oct 29, 2016 were down 4% from the comparable period ended Oct 31, 2015.
During the reported quarter, sales at all of the company's categories decreased. While home & furniture, juniors' & children's apparel, ladies' apparel, and men's clothing & accessories were among the relatively stronger categories, ladies' accessories & lingerie, cosmetics and shoes were considerably weak. The best performing region was Western, trailed by the Central and Eastern region areas, respectively.
Consolidated gross margin contracted 73 basis points (bps), while gross margin from retail operations (excluding CDI) contracted 100 bps.
Dillard's selling, general and administrative (SG&A) expenses (as a percentage of sales) escalated 130 bps to 30.1%. In dollar terms, however, consolidated SG&A expenses inched down 0.5% to $410.5 million. Lower expenses were backed by a fall in several expense categories including advertising and services purchased, which were almost neutralized by higher payroll and insurance costs.
Financial Details
Dillard's ended the quarter with cash and cash equivalents of $80.5 million, long-term debt and capital leases (excluding current portions) of $617.5 million and total shareholders' equity of $1,736.2 million. Inventory dipped 2% year over year to $1,902 million.
During the first nine months of fiscal 2016, the company generated net cash flow from operations of $125.9 million. It bought back 0.9 million shares for $53.1 million in the fiscal third-quarter. With this, the company has authorization worth $334.4 million remaining as of Oct 29, 2016, under its $500 million share repurchase plan announced in Feb 2016.
Store Update
During the quarter, the company inaugurated a replacement store in Four Seasons Town Centre in Greensboro, NC.
As of Oct 29, 2016, Dillard's had about 271 namesake outlets and 23 clearance centers operating in 29 states, as well as an online store at www.dillards.com. Dillard's total square footage, as of the end of the fiscal second-quarter, was 49.6 million.
Fiscal 2016 Outlook
For fiscal 2016, Dillard's expects rentals of approximately $27 million, while net interest and debt expenses are anticipated to be nearly $63 million, compared with $61 million in fiscal 2015.
The company projects capital expenditures of about $100 million for fiscal 2016 compared with $166 million in fiscal 2015. Depreciation and amortization expenses for fiscal 2016 are expected at $245 million compared with $250 million in the prior year.
DILLARDS INC-A Price, Consensus and EPS Surprise
DILLARDS INC-A Price, Consensus and EPS Surprise | DILLARDS INC-A Quote
Zacks Rank
Currently, Dillard's carries a Zacks Rank #4 (Sell). Better-ranked stocks in the retail sector include Foot Locker Inc. FL , The Gap Inc. GPS and Zumiez Inc. ZUMZ , each with a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Foot Locker, with a long-term earnings growth rate of 9.9%, has surged nearly 10.1% year-to-date.
Gap has gained nearly 15.7% year-to-date. Moreover, it has a long-term earnings growth rate of 9.4%.
Zumiez has jumped 59.4% year-to-date. The stock has a long-term earnings growth rate of 15%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
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DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc.DDS reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings lagged primarily due to soft sales stemming from weak traffic trends that are attributed to consumer preference shifting more to online shopping as well as gross margin contraction.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Consolidated gross margin contracted 73 basis points (bps), while gross margin from retail operations (excluding CDI) contracted 100 bps.
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Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Financial Details Dillard's ended the quarter with cash and cash equivalents of $80.5 million, long-term debt and capital leases (excluding current portions) of $617.5 million and total shareholders' equity of $1,736.2 million.
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Dillard's Inc.DDS reported dismal third-quarter fiscal 2016 earnings, which missed estimates and plunged year over year mainly due to soft sales performance. Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. It bought back 0.9 million shares for $53.1 million in the fiscal third-quarter.
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2016-11-11 00:00:00 UTC
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Consumer Sector Update for 11/11/2016: LOCK,GS,VDTH,DISH,DDS
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https://www.nasdaq.com/articles/consumer-sector-update-11112016-lockgsvdthdishdds-2016-11-11
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Top Consumer Stocks
WMT -0.27%
MCD -0.13%
DIS +2.96%
CVS -2.82%
KO +0.27%
Consumer stocks were ending mixed today, with shares of consumer staples companies in the S&P 500 declining about 0.1% while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.6%.
In company news, shares of LifeLock ( LOCK ) jumped out to a 32-month high on Friday following reports the identify theft protection firm was in talks to take itself private.
The company has tapped Goldman Sachs ( GS ) to assist with the sales process, which already has attracted several buyout firms including TPG as potential suitors, according to Bloomberg, citing people familiar with the matter.
Lifelock similarly was reported in August to have been exploring strategic options in a bid to fend off activist hedge fund Elliott Management, which had previously disclosed a 5.1% stake in company and was seeking a dialogue with its executives and directors about ways to enhance shareholder value. At the time, Reuters reported the company had hired Evercore Partners to evaluate its opportunities.
LOCK shares were up more than 8% at $19.13 each in late Friday trade, this morning spiking to their best price since March 2014 at $20.03 a share.
In other sector news,
(+) VDTH, Agrees to merge with India-based Dish TV, with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in Dish TV Videocon Ltd.
(-) DDS, Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. Revenue falls 4.8% over year-ago levels to $1.37 bln, also missing analyst consensus by around $40 mln.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) VDTH, Agrees to merge with India-based Dish TV, with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in Dish TV Videocon Ltd. (-) DDS, Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. In company news, shares of LifeLock ( LOCK ) jumped out to a 32-month high on Friday following reports the identify theft protection firm was in talks to take itself private. The company has tapped Goldman Sachs ( GS ) to assist with the sales process, which already has attracted several buyout firms including TPG as potential suitors, according to Bloomberg, citing people familiar with the matter.
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In other sector news, (+) VDTH, Agrees to merge with India-based Dish TV, with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in Dish TV Videocon Ltd. (-) DDS, Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. In company news, shares of LifeLock ( LOCK ) jumped out to a 32-month high on Friday following reports the identify theft protection firm was in talks to take itself private. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) VDTH, Agrees to merge with India-based Dish TV, with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in Dish TV Videocon Ltd. (-) DDS, Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. Consumer stocks were ending mixed today, with shares of consumer staples companies in the S&P 500 declining about 0.1% while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.6%. In company news, shares of LifeLock ( LOCK ) jumped out to a 32-month high on Friday following reports the identify theft protection firm was in talks to take itself private.
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In other sector news, (+) VDTH, Agrees to merge with India-based Dish TV, with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in Dish TV Videocon Ltd. (-) DDS, Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. Top Consumer Stocks Consumer stocks were ending mixed today, with shares of consumer staples companies in the S&P 500 declining about 0.1% while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.6%.
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719892.0
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2016-11-11 00:00:00 UTC
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Consumer Sector Update for 11/11/2016: CWH,DIS,DDS
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DDS
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https://www.nasdaq.com/articles/consumer-sector-update-11112016-cwhdisdds-2016-11-11
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nan
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Top Consumer Stocks
WMT -0.51%
MCD -0.03%
DIS +2.78%
CVS -2.63%
KO +0.39%
Consumer stocks have turned mixed in afternoon trade, with shares of consumer staples companies in the S&P 500 down about 0.1% after recently hanging on to a 0.1% rise while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.4%.
In company news, Camping World Holdings ( CWH ) advanced Friday after the specialty retailer last night reported Q3 net income and sales topping Wall Street expectations.
Excluding one-time items, the company earned $0.94 per share, rising 17.7% over the same quarter last year and beating the Capital IQ consensus by $0.49 per share. Net sales climbed 4.5% over year-ago levels to $1.01 billion, edging past the analyst mean by around $30 million.
Separately, Camping World late Thursday also said it used $200.4 million in proceeds from its Oct. 7 initial public offering of stock to pay down outstanding debt owed under its senior secured credit facility. The company also was able to use its reduced leverage to refinance its remaining debt, receiving a new, seven-year $645 million term loan facility as well as a five-year $35 million revolving debt package.
CWH shares were up almost 5% at $23.37 apiece, earlier climbing to a session high of $23.49 a share.
In other sector news,
(+) VDTH, (+8.6%) Agrees to merge with Dish Network Corp ( DISH ), with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in the combined Dish TV Videocon Ltd.
(-) DDS, (-2.6%) Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. Revenue falls 4.8% over year-ago levels to $1.37 bln, while total sales rise to $1.41 billion, about $34,000 shy of the consensus.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) VDTH, (+8.6%) Agrees to merge with Dish Network Corp ( DISH ), with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in the combined Dish TV Videocon Ltd. (-) DDS, (-2.6%) Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. In company news, Camping World Holdings ( CWH ) advanced Friday after the specialty retailer last night reported Q3 net income and sales topping Wall Street expectations. Separately, Camping World late Thursday also said it used $200.4 million in proceeds from its Oct. 7 initial public offering of stock to pay down outstanding debt owed under its senior secured credit facility.
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In other sector news, (+) VDTH, (+8.6%) Agrees to merge with Dish Network Corp ( DISH ), with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in the combined Dish TV Videocon Ltd. (-) DDS, (-2.6%) Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. In company news, Camping World Holdings ( CWH ) advanced Friday after the specialty retailer last night reported Q3 net income and sales topping Wall Street expectations. Net sales climbed 4.5% over year-ago levels to $1.01 billion, edging past the analyst mean by around $30 million.
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In other sector news, (+) VDTH, (+8.6%) Agrees to merge with Dish Network Corp ( DISH ), with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in the combined Dish TV Videocon Ltd. (-) DDS, (-2.6%) Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. Consumer stocks have turned mixed in afternoon trade, with shares of consumer staples companies in the S&P 500 down about 0.1% after recently hanging on to a 0.1% rise while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.4%. Excluding one-time items, the company earned $0.94 per share, rising 17.7% over the same quarter last year and beating the Capital IQ consensus by $0.49 per share.
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In other sector news, (+) VDTH, (+8.6%) Agrees to merge with Dish Network Corp ( DISH ), with VDTH shareholders receiving 2.02 shares of the merged entity for each share they now own and resulting in a 44.6% stake in the combined Dish TV Videocon Ltd. (-) DDS, (-2.6%) Non-GAAP Q3 EPS of $0.67 trails Street view by $0.09 per share. Consumer stocks have turned mixed in afternoon trade, with shares of consumer staples companies in the S&P 500 down about 0.1% after recently hanging on to a 0.1% rise while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.4%. Excluding one-time items, the company earned $0.94 per share, rising 17.7% over the same quarter last year and beating the Capital IQ consensus by $0.49 per share.
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dc588946-6621-4afa-96eb-97a4a98d5932
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719893.0
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2016-11-10 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - DDS
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DDS
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-dds-2016-11-10
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nan
|
nan
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $66.88, changing hands as high as $72.32 per share. Dillard's Inc. shares are currently trading up about 11.6% on the day. The chart below shows the one year performance of DDS shares, versus its 200 day moving average:
Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $89.46 as the 52 week high point - that compares with a last trade of $71.64.
According to the ETF Finder at ETF Channel, DDS makes up 1.67% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading up by about 1.5% on the day Thursday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $66.88, changing hands as high as $72.32 per share. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $89.46 as the 52 week high point - that compares with a last trade of $71.64. According to the ETF Finder at ETF Channel, DDS makes up 1.67% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading up by about 1.5% on the day Thursday.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $66.88, changing hands as high as $72.32 per share. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $89.46 as the 52 week high point - that compares with a last trade of $71.64. According to the ETF Finder at ETF Channel, DDS makes up 1.67% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading up by about 1.5% on the day Thursday.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $66.88, changing hands as high as $72.32 per share. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $89.46 as the 52 week high point - that compares with a last trade of $71.64. According to the ETF Finder at ETF Channel, DDS makes up 1.67% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading up by about 1.5% on the day Thursday.
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In trading on Thursday, shares of Dillard's Inc. (Symbol: DDS) crossed above their 200 day moving average of $66.88, changing hands as high as $72.32 per share. According to the ETF Finder at ETF Channel, DDS makes up 1.67% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (Symbol: FXD) which is trading up by about 1.5% on the day Thursday. The chart below shows the one year performance of DDS shares, versus its 200 day moving average: Looking at the chart above, DDS's low point in its 52 week range is $54.37 per share, with $89.46 as the 52 week high point - that compares with a last trade of $71.64.
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a53e08e7-a694-4dbd-abe0-0562ba14273e
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719894.0
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2016-10-14 00:00:00 UTC
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Why Macy’s Inc (M), HP Inc (HPQ) and Twitter Inc (TWTR) Are 3 of Today’s Worst Stocks
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DDS
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https://www.nasdaq.com/articles/why-macys-inc-m-hp-inc-hpq-and-twitter-inc-twtr-are-3-of-todays-worst-stocks-2016-10-14
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nan
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nan
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks got Friday's trading started on a firmly bullish foot. They didn't end it quite as bullishly though, recognizing that September's solid retail sales report upped the odds of a rate hike in the near future . By the time the session ended, the S&P 500 was at 2,132.98, up a mere 0.02%.
A lethargic day would have been preferable to what owners of Twitter Inc (NYSE: TWTR ), Macy's Inc (NYSE: M ) and HP Inc (NYSE: HPQ ) had to deal with though. These three names dished out more losses than most every other stock.
Here's what went wrong for each.
HP Inc (HPQ)
More of the same isn't necessarily a good thing for personal computing and printer giant HP … the sister to enterprise-oriented Hewlett Packard Enterprise Co (NYSE: HPE ) after the two split late last year . HPQ shares fell 4.4% on Friday to top off what ended up being a 7% pullback for the week after the company delivered disappointing news on Thursday.
For fiscal 2017, HP now anticipates earning something between $1.55 and $1.65 per share of HPQ, versus analyst estimates of $1.61. As a further result of the tepid demand that resulted in tepid guidance, the company also announced it was aiming to lay off between 3,000 and 4,000 employees over the course of the next three years.
7 Stocks That Will Hit the Skids by Christmas
CEO Dion Weisler explained , "Our core markets are challenged and macro economic conditions are in flux right now." And, he's right. IT market data and analysis firm Gartner said earlier this week that PC shipments fell 5.7% during the third quarter of the year.
Macy's Inc (M)
It's not exactly a big secret that department store name Macy's is in trouble. M shares have fallen 47% since their mid-2015 peak, mostly in step with the beginning of shrinking sales and earnings.
One would have thought that more than a year later, a new baseline to build on would have been established. One would have been wrong in thinking that, however. According to an analyst note from JPMorgan's Matthew Boss today, who said of Macy's "[We are] lowering 3Q SSS & EPS - Reducing Dec '17 PT to $40. We are lowering our 3Q EPS to $0.36 or $0.06 below the Street at $0.42 reducing our SSS to -3.0%."
M fell 3.3% today, while rivals Dillard's, Inc. (NYSE: DDS ) and Kohl's Corporation (NYSE: KSS ) also fell in the wake of industry-wide concerns from JPMorgan.
Twitter Inc ( TWTR )
Last but not least, as if the 29% pullback Twitter shares had suffered since Oct. 5 when Alphabet Inc (NASDAQ: GOOG , NASDAQ: GOOGL ), Apple Inc. (NASDAQ: AAPL ) and Walt Disney Co (NYSE: DIS ) all reportedly bowed out of the potential bidding war wasn't enough, TWTR lost another 5% of its value when the last potential buyer - Salesforce.com, Inc. (NYSE: CRM ) - confirmed it too wasn't interested in acquiring the microblogging company.
CEO Marc Benioff simply explained that Twitter is "not the right fit for us for many different reasons."
With no knight in shining armor to deliver a rescue of the struggling company, Twitter will be left to its own devices to determine what the company is supposed to be and why advertisers might pay for it. The market's not so sure a good answer is in the cards though.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.
More From InvestorPlace
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The post Why Macy's Inc (M), HP Inc (HPQ) and Twitter Inc (TWTR) Are 3 of Today's Worst Stocks appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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They didn't end it quite as bullishly though, recognizing that September's solid retail sales report upped the odds of a rate hike in the near future . M fell 3.3% today, while rivals Dillard's, Inc. (NYSE: DDS ) and Kohl's Corporation (NYSE: KSS ) also fell in the wake of industry-wide concerns from JPMorgan. HPQ shares fell 4.4% on Friday to top off what ended up being a 7% pullback for the week after the company delivered disappointing news on Thursday.
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They didn't end it quite as bullishly though, recognizing that September's solid retail sales report upped the odds of a rate hike in the near future . M fell 3.3% today, while rivals Dillard's, Inc. (NYSE: DDS ) and Kohl's Corporation (NYSE: KSS ) also fell in the wake of industry-wide concerns from JPMorgan. InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks got Friday's trading started on a firmly bullish foot.
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They didn't end it quite as bullishly though, recognizing that September's solid retail sales report upped the odds of a rate hike in the near future . M fell 3.3% today, while rivals Dillard's, Inc. (NYSE: DDS ) and Kohl's Corporation (NYSE: KSS ) also fell in the wake of industry-wide concerns from JPMorgan. A lethargic day would have been preferable to what owners of Twitter Inc (NYSE: TWTR ), Macy's Inc (NYSE: M ) and HP Inc (NYSE: HPQ ) had to deal with though.
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They didn't end it quite as bullishly though, recognizing that September's solid retail sales report upped the odds of a rate hike in the near future . M fell 3.3% today, while rivals Dillard's, Inc. (NYSE: DDS ) and Kohl's Corporation (NYSE: KSS ) also fell in the wake of industry-wide concerns from JPMorgan. A lethargic day would have been preferable to what owners of Twitter Inc (NYSE: TWTR ), Macy's Inc (NYSE: M ) and HP Inc (NYSE: HPQ ) had to deal with though.
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1169df46-8ea1-4992-afa3-995ee17f8cce
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719895.0
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2016-10-13 00:00:00 UTC
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Commit To Buy Dillard's At $55, Earn 10.1% Annualized Using Options
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DDS
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https://www.nasdaq.com/articles/commit-buy-dillards-55-earn-101-annualized-using-options-2016-10-13
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nan
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nan
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Investors considering a purchase of Dillard's Inc. (Symbol: DDS) shares, but tentative about paying the going market price of $64.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $55 strike, which has a bid at the time of this writing of $3.30. Collecting that bid as the premium represents a 6% return against the $55 commitment, or a 10.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $55 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Dillard's Inc. sees its shares decline 15% and the contract is exercised (resulting in a cost basis of $51.70 per share before broker commissions, subtracting the $3.30 from $55), the only upside to the put seller is from collecting that premium for the 10.1% annualized rate of return.
Worth considering, is that the annualized 10.1% figure actually exceeds the 0.4% annualized dividend paid by Dillard's Inc. by 9.7%, based on the current share price of $64.67. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 15.02% to reach the $55 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Dillard's Inc., and highlighting in green where the $55 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the May 2017 put at the $55 strike for the 10.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Dillard's Inc. (considering the last 253 trading day closing values as well as today's price of $64.67) to be 37%. For other put options contract ideas at the various different available expirations, visit the DDS Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 756,738 contracts, with call volume at 965,599, for a put:call ratio of 0.78 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors considering a purchase of Dillard's Inc. (Symbol: DDS) shares, but tentative about paying the going market price of $64.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Dillard's Inc. (Symbol: DDS) shares, but tentative about paying the going market price of $64.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
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Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Dillard's Inc. (Symbol: DDS) shares, but tentative about paying the going market price of $64.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
|
In the case of Dillard's Inc., looking at the dividend history chart for DDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield. Investors considering a purchase of Dillard's Inc. (Symbol: DDS) shares, but tentative about paying the going market price of $64.67/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DDS's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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d5434225-c7f2-4d15-a520-764bbf2862cc
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719896.0
|
2016-10-10 00:00:00 UTC
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Notable ETF Outflow Detected - XRT, CAB, LAD, DDS
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DDS
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-xrt-cab-lad-dds-2016-10-10
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Retail ETF (Symbol: XRT) where we have detected an approximate $90.1 million dollar outflow -- that's a 16.8% decrease week over week (from 12,200,226 to 10,150,226). Among the largest underlying components of XRT, in trading today Cabela's Inc (Symbol: CAB) is up about 0.2%, Lithia Motors Inc (Symbol: LAD) is up about 0.3%, and Dillard's Inc. (Symbol: DDS) is lower by about 0.1%. For a complete list of holdings, visit the XRT Holdings page » The chart below shows the one year price performance of XRT, versus its 200 day moving average:
Looking at the chart above, XRT's low point in its 52 week range is $37.80 per share, with $47.06 as the 52 week high point - that compares with a last trade of $44.21. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XRT, in trading today Cabela's Inc (Symbol: CAB) is up about 0.2%, Lithia Motors Inc (Symbol: LAD) is up about 0.3%, and Dillard's Inc. (Symbol: DDS) is lower by about 0.1%. For a complete list of holdings, visit the XRT Holdings page » The chart below shows the one year price performance of XRT, versus its 200 day moving average: Looking at the chart above, XRT's low point in its 52 week range is $37.80 per share, with $47.06 as the 52 week high point - that compares with a last trade of $44.21. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XRT, in trading today Cabela's Inc (Symbol: CAB) is up about 0.2%, Lithia Motors Inc (Symbol: LAD) is up about 0.3%, and Dillard's Inc. (Symbol: DDS) is lower by about 0.1%. For a complete list of holdings, visit the XRT Holdings page » The chart below shows the one year price performance of XRT, versus its 200 day moving average: Looking at the chart above, XRT's low point in its 52 week range is $37.80 per share, with $47.06 as the 52 week high point - that compares with a last trade of $44.21. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of XRT, in trading today Cabela's Inc (Symbol: CAB) is up about 0.2%, Lithia Motors Inc (Symbol: LAD) is up about 0.3%, and Dillard's Inc. (Symbol: DDS) is lower by about 0.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Retail ETF (Symbol: XRT) where we have detected an approximate $90.1 million dollar outflow -- that's a 16.8% decrease week over week (from 12,200,226 to 10,150,226). For a complete list of holdings, visit the XRT Holdings page » The chart below shows the one year price performance of XRT, versus its 200 day moving average: Looking at the chart above, XRT's low point in its 52 week range is $37.80 per share, with $47.06 as the 52 week high point - that compares with a last trade of $44.21.
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Among the largest underlying components of XRT, in trading today Cabela's Inc (Symbol: CAB) is up about 0.2%, Lithia Motors Inc (Symbol: LAD) is up about 0.3%, and Dillard's Inc. (Symbol: DDS) is lower by about 0.1%. For a complete list of holdings, visit the XRT Holdings page » The chart below shows the one year price performance of XRT, versus its 200 day moving average: Looking at the chart above, XRT's low point in its 52 week range is $37.80 per share, with $47.06 as the 52 week high point - that compares with a last trade of $44.21. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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0d4826ec-d836-4b46-a1b9-4f4b24c38d67
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719897.0
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2016-10-07 00:00:00 UTC
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Will Dillard's (DDS) Continue to Surge Higher?
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DDS
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https://www.nasdaq.com/articles/will-dillards-dds-continue-to-surge-higher-2016-10-07
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nan
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nan
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As of late, it has definitely been a great time to be an investor in Dillard's, Inc. DDS . The stock has moved higher by 8% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider DDS's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as DDS has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From this look, the company's future is quite favorable; as DDS has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . As of late, it has definitely been a great time to be an investor in Dillard's, Inc. DDS . We certainly think that this might be the case, particularly if you consider DDS's recent earnings estimate revision activity.
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From this look, the company's future is quite favorable; as DDS has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Dillard's, Inc. DDS .
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From this look, the company's future is quite favorable; as DDS has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Click to get this free report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Dillard's, Inc. DDS .
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From this look, the company's future is quite favorable; as DDS has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . As of late, it has definitely been a great time to be an investor in Dillard's, Inc. DDS . We certainly think that this might be the case, particularly if you consider DDS's recent earnings estimate revision activity.
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7a4d74e2-2957-4b2f-afa9-297b92a56eb0
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719898.0
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2016-09-29 00:00:00 UTC
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Dillard's (DDS) Worth Watching: Stock Moves 5.3% Higher
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DDS
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https://www.nasdaq.com/articles/dillards-dds-worth-watching%3A-stock-moves-5.3-higher-2016-09-29
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nan
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nan
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Dillard's Inc.DDS was a big mover last session, as the company saw its shares rise above 5% on the day. The stock rallied after the company was upgraded to "outperform" from "neutral" by Credit Suisse. This breaks the recent trend of the company since Aug 31, as the stock is now trading above the volatile price range of $56.36 to $60.64 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Dillard's currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
DILLARDS INC-A Price
DILLARDS INC-A Price | DILLARDS INC-A Quote
A better-ranked Retail-Regional Departmental Stores stock is Macy's, Inc. M , which holds a Zacks Rank #1 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is DDS going up? Or down? Predict to see what others think: Up or Down
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MACYS INC (M): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dillard's Inc.DDS was a big mover last session, as the company saw its shares rise above 5% on the day. Is DDS going up? Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS was a big mover last session, as the company saw its shares rise above 5% on the day. Is DDS going up?
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Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS was a big mover last session, as the company saw its shares rise above 5% on the day. Is DDS going up?
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Click to get this free report MACYS INC (M): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc.DDS was a big mover last session, as the company saw its shares rise above 5% on the day. Is DDS going up?
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98d829bd-0625-4f36-9a5f-1654e72487e3
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719899.0
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2016-09-28 00:00:00 UTC
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Why BlackBerry Ltd (BBRY), Dillard’s, Inc. (DDS) and Exxon Mobil Corporation (XOM) Are 3 of Today’s Best Stocks
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DDS
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https://www.nasdaq.com/articles/why-blackberry-ltd-bbry-dillards-inc.-dds-and-exxon-mobil-corporation-xom-are-3-of-todays
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nan
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nan
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks soared Wednesday with a big assist from the Organization of Petroleum Exporting Countries (OPEC), which agreed to its first output reduction in eight years. Not surprisingly, energy - the seventh-largest sector weight in the S&P 500 - clobbered the broader market.
Still, the major indices didn't do too poorly for themselves. The S&P 500 climbed 0.52%, the Dow Jones Industrial Average added 0.6% and the Nasdaq Composite notched a gain of 0.24%.
Exxon Mobil Corporation (NYSE: XOM ) was an unsurprising beneficiary from Wednesday's news. But BlackBerry Ltd (NASDAQ: BBRY ), Dillard's, Inc. (NYSE: DDS ) also stood out from the pack.
Here's why:
BlackBerry Ltd (BBRY)
BlackBerry, arguably one of the forefathers of the smartphone phenomenon, said it isn't doing hardware - at least, not how it used to.
The 10 Best Blue-Chip Dividend Stocks to Buy for Q4
BlackBerry will now outsource production of handsets , and investors cheered the news, sending BBRY stock higher by 5.7% on more than six times the average daily volume.
BBRY was once the dominant purveyor of smartphones, but that dominance eroded when the iPhone launched nine years ago. The popularity of BlackBerry devices further tumbled as users transitioned to Android devices and corporations, once reliable BBRY customers, allowed employees to use iPhones and Android devices in place of BlackBerry products.
Canada-based BlackBerry will now focus on software and security offerings.
The news came alongside a breakeven quarter against analysts' expectations for a 5-cent loss.
Dillard's, Inc. (DDS)
Department store operator Dillard's soared 5.3% on more than double the usual turnover following some positive analyst commentary.
Credit Suisse analysts Michael Exstein and Christine Lee upgraded DDS stock to "outperform" from "neutral." The analysts also unveiled a $70 price target on DDS, implying significant upside for the shares from Wednesday's close.
DDS "has focused on localization of merchandising and remains the only regional buying structure in the industry. While we do not expect a significant improvement in reported profitability, we believe the company will continue to reduce overall debt and buy back stock," said Credit Suisse in a note posted by Barron's .
The news brought DDS further up the latest hill in its roller-coaster 2016. Shares hit the 50-day moving average around $62.50 before retreating to close at $61.20.
In the same note, the analysts downgraded Macy's Inc (NYSE: M ) to "neutral" with a $40 price target.
Exxon Mobil Corporation (XOM)
Shares of XOM surged on more than double the average daily volume following news of the OPEC production cut.
Texas-based Exxon Mobil, a member of the Dow Jones Industrial Average, benefited alongside rival oil producers after after OPEC said it would pare output to 32.5 million to 33 million barrels per day, or roughly 750,000 barrels a day less than it produced last month . It took two days of "round-the-clock talks," and the exact details of the deal won't be finalized until November.
OPEC accounts for about 40% of global oil production. While the cartel is reducing output, production in Russia has surged to a post-Soviet era record.
Brent crude rose as much as 6.5% in London, Bloomberg reports.
XOM stock finished 4.4% higher in an aggressive break above shares' 200-day moving average, which Exxon had been battling as resistance after it fell as support mid-month. Shares now are up against the 50-day MA.
As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities.
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The post Why BlackBerry Ltd (BBRY), Dillard's, Inc. (DDS) and Exxon Mobil Corporation (XOM) Are 3 of Today's Best Stocks appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Credit Suisse analysts Michael Exstein and Christine Lee upgraded DDS stock to "outperform" from "neutral." But BlackBerry Ltd (NASDAQ: BBRY ), Dillard's, Inc. (NYSE: DDS ) also stood out from the pack. Dillard's, Inc. (DDS) Department store operator Dillard's soared 5.3% on more than double the usual turnover following some positive analyst commentary.
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More From InvestorPlace Why Alibaba Stock Could Be the Next Facebook (BABA, FB) 3 Vanguard Funds for a Prosperous Fourth Quarter 7 Make-or-Break Earnings Reports in October The post Why BlackBerry Ltd (BBRY), Dillard's, Inc. (DDS) and Exxon Mobil Corporation (XOM) Are 3 of Today's Best Stocks appeared first on InvestorPlace . But BlackBerry Ltd (NASDAQ: BBRY ), Dillard's, Inc. (NYSE: DDS ) also stood out from the pack. Dillard's, Inc. (DDS) Department store operator Dillard's soared 5.3% on more than double the usual turnover following some positive analyst commentary.
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More From InvestorPlace Why Alibaba Stock Could Be the Next Facebook (BABA, FB) 3 Vanguard Funds for a Prosperous Fourth Quarter 7 Make-or-Break Earnings Reports in October The post Why BlackBerry Ltd (BBRY), Dillard's, Inc. (DDS) and Exxon Mobil Corporation (XOM) Are 3 of Today's Best Stocks appeared first on InvestorPlace . But BlackBerry Ltd (NASDAQ: BBRY ), Dillard's, Inc. (NYSE: DDS ) also stood out from the pack. Dillard's, Inc. (DDS) Department store operator Dillard's soared 5.3% on more than double the usual turnover following some positive analyst commentary.
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More From InvestorPlace Why Alibaba Stock Could Be the Next Facebook (BABA, FB) 3 Vanguard Funds for a Prosperous Fourth Quarter 7 Make-or-Break Earnings Reports in October The post Why BlackBerry Ltd (BBRY), Dillard's, Inc. (DDS) and Exxon Mobil Corporation (XOM) Are 3 of Today's Best Stocks appeared first on InvestorPlace . But BlackBerry Ltd (NASDAQ: BBRY ), Dillard's, Inc. (NYSE: DDS ) also stood out from the pack. Dillard's, Inc. (DDS) Department store operator Dillard's soared 5.3% on more than double the usual turnover following some positive analyst commentary.
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c2e0290b-e515-4230-898e-7b7e458b3f34
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