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720100.0
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2012-09-05 00:00:00 UTC
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Nordstrom's Latest Store Plans - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/nordstroms-latest-store-plans-analyst-blog-2012-09-05
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nan
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nan
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The store expansion plans of leading fashion retailer, Nordstrom Inc. ( JWN ), are in full swing. The Seattle-based retailer, yesterday, announced that it has two new Nordstrom full-line stores in the pipeline, scheduled to be opened for the public in fall 2014.
These new namesake stores are planned to come up in The Woodlands Mall in The Woodlands, Texas and St. Johns Town Center in Jacksonville, Florida. The new Nordstrom stores will be two-level stores.
The Woodlands store will be located in the current Sears Holdings Corporation ( SHLD ) site in the mall, encompassing an area of 138,000 square-feet. Located north of Houston, The Woodlands Mall is the property of General Growth Properties Inc. ( GGP ) with a total retail space of 1.3 million square-feet. The mall also houses leading departmental stores like Macy's Inc. ( M ), Dillard's Inc. ( DDS ), and J. C. Penney Company Inc. ( JCP ).
Nordstrom's new full-line store in The Woodlands Mall will mark the opening of the company's fourth store in the greater Houston region. The company opened its first full-line store in the region at the Houston Galleria in Houston, in 2003.
Apart from this, the company has opened two Nordstrom Rack stores - one, at The Centre at Post Oak in Houston and another, at the Market at Town Center in Sugar Land.
The company's Jacksonville store will cover an area of 124,000 square-feet, catering to customers throughout the Northeast Florida region. Centrally-located St. Johns Town Center is an open air shopping center spread over an area of 1.1 million square-feet.
The shopping center is the combined property of Simon Property Group ( SPG ) and Ben Carter Properties. The new Nordstrom store will anchor a new wing on the southwest side of this popular shopping center.
Last month, the company had announced its plans of opening a new two-level Nordstrom Rack store at The Newbry in Boston, Massachusetts, which is scheduled to be inaugurated in spring 2013. The store will include a wide selection of apparels, accessories and shoes of the Nordstrom Rack store.
Additionally, in June 2012, the company had announced the opening of two new Nordstrom Rack stores -- one in its hometown Seattle, Washington, and the other in El Paso, Texas. The Seattle-based store is expected to open in November 2012, while the El Paso store is expected to start operating by the fall of 2013.
Nordstrom's latest store openings signify the company's commitment to expand its store network with the aim to drive its top-line growth. As of August 2, 2012, Nordstrom operated 117 Nordstrom full-line stores, 110 Nordstrom Rack, 2 Jeffrey boutiques, 1 treasure&bond store and 1 clearance store, thus bringing the total store count to 231.
Moreover, the company has targeted to open 16 new stores in fiscal 2012 consisting of 1 full-line store and 15 Nordstrom Rack Stores. The company has also planned to add 24 new Rack stores in fiscal 2013 and intends to operate 230 Rack stores by the end of 2016.
Nordstrom currently maintains a Zacks #2 Rank, which translates into a short-term Buy rating. However, our long-term recommendation on the stock remains Neutral.
DILLARDS INC-A (DDS): Free Stock Analysis Report
GENL GRWTH PPTY (GGP): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
SIMON PROPERTY (SPG): 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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The mall also houses leading departmental stores like Macy's Inc. ( M ), Dillard's Inc. ( DDS ), and J. C. Penney Company Inc. ( JCP ). DILLARDS INC-A (DDS): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this, the company has opened two Nordstrom Rack stores - one, at The Centre at Post Oak in Houston and another, at the Market at Town Center in Sugar Land.
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DILLARDS INC-A (DDS): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report To read this article on Zacks.com click here. The mall also houses leading departmental stores like Macy's Inc. ( M ), Dillard's Inc. ( DDS ), and J. C. Penney Company Inc. ( JCP ). Located north of Houston, The Woodlands Mall is the property of General Growth Properties Inc. ( GGP ) with a total retail space of 1.3 million square-feet.
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DILLARDS INC-A (DDS): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report To read this article on Zacks.com click here. The mall also houses leading departmental stores like Macy's Inc. ( M ), Dillard's Inc. ( DDS ), and J. C. Penney Company Inc. ( JCP ). As of August 2, 2012, Nordstrom operated 117 Nordstrom full-line stores, 110 Nordstrom Rack, 2 Jeffrey boutiques, 1 treasure&bond store and 1 clearance store, thus bringing the total store count to 231.
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The mall also houses leading departmental stores like Macy's Inc. ( M ), Dillard's Inc. ( DDS ), and J. C. Penney Company Inc. ( JCP ). DILLARDS INC-A (DDS): Free Stock Analysis Report GENL GRWTH PPTY (GGP): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SIMON PROPERTY (SPG): Free Stock Analysis Report To read this article on Zacks.com click here. Centrally-located St. Johns Town Center is an open air shopping center spread over an area of 1.1 million square-feet.
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f03e7570-1912-48e4-81be-cdb2a0604952
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720101.0
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2012-08-31 00:00:00 UTC
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Macy's Sustains Momentum - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-sustains-momentum-analyst-blog-2012-08-31
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nan
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nan
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Macy's Inc . ( M ), one of the leading department store retailers in the U.S., posted strong comparable-store sales (comps) for the four-week period ended August 25, 2012, surpassing managements' expectations.
Comparable-store sales improved 5.1% year over year for the month of August, while, total sales increased 5.7% to $1.81 billion compared with $1.71 billion in the comparable prior-year period.
The increase in comps was attributable to continued strength in its online business. Moreover, results were boosted by healthy back-to-school sales along with enhanced sales in Men's apparel, beauty products, women's shoes, home furnishings and handbags.
Year-to-date, Macy's sales increased 3.9% to $14.1 billion compared with $13.5 billion in the same period last year, while, same-store sales increased 3.8%.
Online sales, which include sales from macys.com and bloomingdales.com, surged 37.4% in August. On a year-to-date basis, online sales shot up 35.2% from the comparable period last year. The company seeks to expand both Macy's and Bloomingdale's brands online.
Despite secular headwinds, Macy's has been performing well in the current fiscal. The company has been taking a number of initiatives in order to increase its sales, profitability and cash flows. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
However, the company's customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels and high household debt levels, which may negatively impact their discretionary spending, and in turn the company's growth and profitability.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term Neutral recommendation on the stock. Moreover, Macy's holds a Zacks #3 Rank that translates into a short-term Hold rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. ( M ), one of the leading department store retailers in the U.S., posted strong comparable-store sales (comps) for the four-week period ended August 25, 2012, surpassing managements' expectations.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Year-to-date, Macy's sales increased 3.9% to $14.1 billion compared with $13.5 billion in the same period last year, while, same-store sales increased 3.8%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Comparable-store sales improved 5.1% year over year for the month of August, while, total sales increased 5.7% to $1.81 billion compared with $1.71 billion in the comparable prior-year period.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc .
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a7d1d09f-9b9e-4ab8-91be-b59bb41be59f
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720102.0
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2012-08-30 00:00:00 UTC
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Macy's Sales Trends So Far - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-sales-trends-so-far-analyst-blog-2012-08-30
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nan
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nan
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The U.S. economy is reeling under the ongoing financial crisis, which has gradually engulfed the global market. Amid this unstable environment, Macy's Inc. ( M ) has been able to maintain a decent sales run so far in 2012, and we believe it will carry the same momentum throughout the year. The company has been relentlessly striving to keep itself on the growth trajectory, while keeping an upbeat note amidst the lackluster economy.
Riding on Positive Comps
Between January to July 2012, Macy's has consistently registered comparable-store sales growth. In that period, comps growth touched a low of 1.2% and hit a high of 7.3%, thereby recording an average growth of approximately 3.6%.
In the first seven months of 2012, comps increased 2.4% in January, 4.6% in February, 7.3% in March, 1.2% in April, 4.2% in May, 1.2% in June and 4.1% in July.
Given the soft economic retrieval, monthly sales data for Macy's also portrayed a decent performance. The company, in the span of January to July 2012, registered a minimum sales growth of 0.4% and a maximum growth of 6.9%, reflecting an average growth of approximately 3.5% for the period. In the first seven months, sales growth was 2% in January, 5.5% in February, 6.9% in March, 0.4% in April, 4.1% in May, 0.8% in June and 5.1% in July.
Let's Conclude
Macy's departmental stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
However, the company's customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels and high household debt levels, which may negatively impact their discretionary spending, and in turn the company's growth and profitability.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. (DDS) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term Neutral recommendation on the stock. Moreover, Macy's holds a Zacks #3 Rank that translates into a short-term Hold rating.
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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.
|
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. (DDS) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. However, the company's customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels and high household debt levels, which may negatively impact their discretionary spending, and in turn the company's growth and profitability.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. (DDS) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. In the first seven months of 2012, comps increased 2.4% in January, 4.6% in February, 7.3% in March, 1.2% in April, 4.2% in May, 1.2% in June and 4.1% in July. PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. (DDS) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The company, in the span of January to July 2012, registered a minimum sales growth of 0.4% and a maximum growth of 6.9%, reflecting an average growth of approximately 3.5% for the period. However, the company's customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels and high household debt levels, which may negatively impact their discretionary spending, and in turn the company's growth and profitability.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. (DDS) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Riding on Positive Comps Between January to July 2012, Macy's has consistently registered comparable-store sales growth. The company, in the span of January to July 2012, registered a minimum sales growth of 0.4% and a maximum growth of 6.9%, reflecting an average growth of approximately 3.5% for the period.
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6bb70220-3eac-4b24-aa0f-d426d7a8b8fa
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720103.0
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2012-08-30 00:00:00 UTC
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Hain Celestial Group: Strong Buy - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/hain-celestial-group%3A-strong-buy-analyst-blog-2012-08-30
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nan
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nan
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Shares of Hain Celestial Group Inc. ( HAIN ) recently hit a new 52-week high after reporting solid fourth-quarter results, which included a 4.4% earnings surprise. In fact, Hain, a distributor of organic food and personal care products, has surpassed the Zacks Consensus Estimate for seven straight quarters with an average surprise of 5.6%.
Hain Celestial Group Inc. became a Zacks #1 Rank (Strong Buy) on August 25, 2012 due to rising earnings momentum. With a solid year-to-date return of 88.6% and a history of beating quarterly earnings estimates, this stock offers an attractive investment opportunity.
The Rank Driver
Robust fourth-quarter results, highest ever operating income and net income in the company's history, strong operating free cash flow and key acquisitions are the major rank drivers for this stock.
On August 22, 2012, Hain Celestial Group posted robust fourth-quarter with quarterly earnings of 47 cents a share, beating the Zacks Consensus by couple of cents. Quarterly earnings reflected a year-over-year growth of 30.6% from 36 cents reported in the comparable prior-year quarter on account of rise in consumption, expanded distribution and productivity savings along with pricing.
Net sales grew 22.3% to $350.7 million, reflecting high demand for natural organic products in spite of a weaker economy.
Management affirmed that Hain has posted the highest adjusted operating income in its 19-year history. Adjusted operating income jumped 26.6% year-over-year to $36.2 million in the quarter, while adjusted operating margin expanded 36 basis points to 10.3%, indicating a 210 basis points decline in SG&A as a percentage of sales.
Operating free cash flow for the fourth quarter came in at $36.8 million, a year-over-year growth of 152.3% compared with the prior-year quarter. This reflected the management's continued focus on improving the company's cash flows in order to invest in upcoming growth opportunities.
Acquisitions have played a key part in Hain's strategy of building market share. These acquisitions have not only widened the company's geographical presence, but also provided opportunities to cross-sell products in the U.S., Canadian, and European markets.
Adding to the series, the company announced the acquisition of leading packaged grocery brands from Premier Foods plc's, including Hartley's, Gale's Robertson's, Frank Cooper's and Sun-Pat. The £200 million ($316 million) cash and stock deal is expected to close by the end of October.
(Read full earnings report on: Hain Delivers Strong 4Q )
Outlook
The company expects to sustain strong momentum across all business segments as it remains well-positioned to capitalize on the growing global demand for organic products.
The company now expects sales to be in the range of $1.600 - $1.615 billion in fiscal 2013 (excluding results for the discontinued operations of private label chilled ready meals). Earnings are expected to be in the range of $2.10 - $2.20 a share. Moreover, the company anticipated gross margin to lie between 27.75% - 28% and SG&A as a percentage of sales is forecasted to be 17.25%.
Going forward, we believe that the company will be able to mitigate the cost pressures through increased productivity and efficient pricing.
EarningsEstimate Revisions
For fiscal 2013, Zacks Consensus Estimate increased 23.7% year over year to $2.30, reflecting 10 upward revisions out of 12 estimates over the last 30 days.
For the first-quarter of fiscal 2013, out of 12 estimates, four estimates went up while one of the estimates was trimmed over the same time frame, reflecting 41.4% increase to 41 cents.
Valuation
Hain Celestial Group currently trades at a forward P/E of 29.85x, a 59.1% premium to the peer group average of 18.76x. Also, on a price-to-book basis, the shares are trading at 3.18x, a 64.8% premium to the peer group average of 1.93x. Given the company's strong fundamentals, the premium valuation is justified.
Hain has a trailing 12-month Return on Investment (ROI) of 6.4% compared with the peer group average of 6.3%.
About the Company
Incorporated in 1993 and headquartered in Melville, New York, Hain Celestial produces, distributes, markets, and sells various natural and organic foods as well as personal care products in the United States, Canada and Europe. The company has a market capitalization of roughly $3.07 billion.
Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ) and Urban Outfitters Inc. ( URBN ).
DILLARDS INC-A (DDS): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
URBAN OUTFITTER (URBN): 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 Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ) and Urban Outfitters Inc. ( URBN ). DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, Hain, a distributor of organic food and personal care products, has surpassed the Zacks Consensus Estimate for seven straight quarters with an average surprise of 5.6%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ) and Urban Outfitters Inc. ( URBN ). The Rank Driver Robust fourth-quarter results, highest ever operating income and net income in the company's history, strong operating free cash flow and key acquisitions are the major rank drivers for this stock.
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DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ) and Urban Outfitters Inc. ( URBN ). The Rank Driver Robust fourth-quarter results, highest ever operating income and net income in the company's history, strong operating free cash flow and key acquisitions are the major rank drivers for this stock.
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Other Zacks #1 Rank retail stocks include Dillards Inc. ( DDS ) and Urban Outfitters Inc. ( URBN ). DILLARDS INC-A (DDS): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. The Rank Driver Robust fourth-quarter results, highest ever operating income and net income in the company's history, strong operating free cash flow and key acquisitions are the major rank drivers for this stock.
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6bd66b66-ad80-48bf-8669-7dc79df3f8d1
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720104.0
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2012-08-14 00:00:00 UTC
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Dillard's - Momentum
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DDS
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https://www.nasdaq.com/articles/dillards-momentum-2012-08-14
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nan
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nan
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Dillard's Inc. ( DDS ) gained significant momentum following outstanding fiscal second quarter 2012 results on August 8, which included an earnings surprise of 28.6%. Shares of this fashion, cosmetics and home furnishings retailer hit its 52-week high of $76.33 on August 9, and earnings estimates have moved higher in the past week.
Looking at the longer term, Dillard's has impressed investors with continuous earnings surprises over the last eight quarters. Also, the stock has gained a solid 69% since February this year. The recent results, its history of repeated earnings surprises and its solid stock growth in the last six months pushed this stock to a Zacks # 1 Rank (Strong Buy) on August 10.
Dillard's 2Q Profit Soars
Dillard's Inc. posted solid fiscal second-quarter 2012 earnings on the back of a robust sales performance, increased gross margin and prudent cost control measures. Earnings per share of 63 cents significantly outpaced the Zacks Consensus Estimate of 49 cents and more than doubled the prior-year quarter earnings of 30 cents.
Dillard's top line (including CDI Contractors LLC or CDI) jumped 3.2% to $1,487.9 million from $1,441.7 million in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1,456 million, compared with $1,426 million. The company's total revenue (including other income) of $1,525.2 million surpassed the Zacks Consensus Estimate of $1,466 million. Comparable store sales (comps) for the quarter were up 3%.
During the quarter, ladies accessories and lingerie were the outperforming categories, followed by shoes and cosmetics. Categories that witnessed the lowest sales included home and furniture and juniors' and children's apparel. The best performing region was Central, followed by East and West.
Gross margin from retail operations (excluding CDI) expanded 70 basis points to 34.3%, while consolidated gross margin (including CDI) advanced 40 basis points to 33.6%.
Operating expenses increased marginally (0.7%) to $398.8 million from $396.0 million in the prior-year quarter. However, operating expenses as a percentage of sales contracted 70 basis points to 26.8% in the quarter.
Earnings Estimates Advance Recently
The company's estimates for both fiscal 2012 and 2013 each witnessed a surge of 25 cents in the last 7 days. The Zacks Consensus Estimate for fiscal 2012 added about 4.3% to $6.00 per share in the past week, reflecting year-over-year growth of 42.5%. The Zacks Consensus Estimate for fiscal 2013 is up 4.0% to $6.50 per share over the same period, representing an 8.3% year-over-year jump.
Valuation Reasonable
Dillard's currently trades at a forward P/E of 12.4x, on par with the peer group average. The trailing 12-month ROE is 13.1%, significantly higher than the peer group average of 9.5%, indicating that the company reinvests its earnings more efficiently than its peer group. Moreover, the price-to-sales ratio reflects a discount of 1.8% to the peer group, with shares trading at a multiple of 0.56.
Charts Reach for the Sky
Shares of Dillard's have risen gradually in the last six months, gaining approximately 69% since February 1. Hitting a new 52-week high on August 9, shares now hover close to this mark.
Additionally, shares of Dillard's have consistently traded above the 200-day moving average since February 16 this year. The widening gap between the stock price line and the 200-day moving average show Dillard's enormous potential. Currently, the 50-day moving average of $65.18 also stands above the company's last traded price.
Moreover, this large department store chain has outperformed the S&P 500 since February 3. The year-to-date return for the stock is roughly 68.3% compared with the S&P 500's return of 10.0%. Volume is fairly strong, averaging roughly 872K daily.
Headquartered in Little Rock, Arkansas, Dillard's is a large department store chain, featuring fashion apparel and home furnishings. The company's primary product categories are: women's and junior's apparel; shoes; accessories and lingerie; men's clothing and accessories; cosmetics; home; and children's clothing. Its merchandise mix consists of both branded and private-label items. Dillard's currently operates 304 stores including 16 clearance centers and one Internet store across 29 states, all under the Dillard's brand name. The company was founded in 1938.
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 ) gained significant momentum following outstanding fiscal second quarter 2012 results on August 8, which included an earnings surprise of 28.6%. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this fashion, cosmetics and home furnishings retailer hit its 52-week high of $76.33 on August 9, and earnings estimates have moved higher in the past week.
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Dillard's Inc. ( DDS ) gained significant momentum following outstanding fiscal second quarter 2012 results on August 8, which included an earnings surprise of 28.6%. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of this fashion, cosmetics and home furnishings retailer hit its 52-week high of $76.33 on August 9, and earnings estimates have moved higher in the past week.
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Dillard's Inc. ( DDS ) gained significant momentum following outstanding fiscal second quarter 2012 results on August 8, which included an earnings surprise of 28.6%. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's 2Q Profit Soars Dillard's Inc. posted solid fiscal second-quarter 2012 earnings on the back of a robust sales performance, increased gross margin and prudent cost control measures.
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Dillard's Inc. ( DDS ) gained significant momentum following outstanding fiscal second quarter 2012 results on August 8, which included an earnings surprise of 28.6%. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Estimates Advance Recently The company's estimates for both fiscal 2012 and 2013 each witnessed a surge of 25 cents in the last 7 days.
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6cde9b57-850e-4ebf-b795-d9c4da3340c0
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720105.0
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2012-08-09 00:00:00 UTC
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Dillard's 2Q Profit Soars - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-2q-profit-soars-analyst-blog-2012-08-09
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nan
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nan
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted solid second-quarter 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. Earnings per share of 63 cents significantly outpaced the Zacks Consensus Estimate of 49 cents and more than doubled from the prior-year quarter earnings of 30 cents.
Sales & Comps
Dillard's top line (including CDI Contractors LLC or CDI) jumped 3.2% to $1,487.9 million from $1,441.7 million in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1,456 million compared with $1,426 million in the year-ago quarter. The company's total revenue (including other income) of $1,525.2 million surpassed the Zacks Consensus Estimate of $1,466 million. Comparable store sales (comps) for the quarter were up 3%.
During the quarter, ladies' accessories and lingerie were the outperforming categories, followed by shoes and cosmetics. Categories that witnessed the lowest sales included home and furniture and juniors' and children's apparel. The best performing region was Central, followed by East and West.
Operating Results
In the second quarter, gross margin from retail operations (excluding CDI) expanded 70 basis points to 34.3%, while consolidated gross margin (including CDI) augmented 40 basis points to 33.6%.
Dillard's operating expenses for the quarter increased marginally (0.7%) to $398.8 million from $396.0 million in the prior-year quarter. However, operating expenses as a percentage of sales contracted 70 basis points to 26.8% in the quarter.
Other Financial Details
Dillard's ended the second quarter with cash and cash equivalents of $162.5 million compared with $179.5 million in the prior fiscal year. As of July 28, 2012, the company's long-term debt and capital leases (including current portion) slipped to $622.8 million from $706.5 million as of July 30, 2011. For the six months ended July 28, 2012, the company generated net cash flow from operations of $152.8 million.
During the quarter, it bought back nearly 2.1 million shares worth $134.6 million. At quarter-end, the company had nearly $115.4 million worth authorization remaining under its share repurchase program.
Store Update
In the second quarter, Dillard's closed 1 store in the Hutchinson Mall in Hutchinson, Kansas. The company also announced the planned closure of its outlet in Southpark Mall in Colonial Heights, Virginia, slated for the third quarter of 2012.
As of July 28, 2012, Dillard's had about 285 Dillard's locations as well as 18 clearance centers operating in 29 states and an Internet store at www.dillards.com. Total square footage as of the quarter-end was 52.4 million.
Looking into 2012
Dillard's expects fiscal 2012 depreciation and amortization expenses to be about $258 million, while Rentals are projected at approximately $34 million. Moreover, the company expects to spend about $140 million toward capital expenditure in fiscal 2012, compared with $116 million spent in fiscal 2011.
Conclusion
Based on the company's strong performance over the last seven consecutive quarters, we expect it to continue posting earnings as well as revenue growth in the coming quarters.
Headquartered in Little Rock, Arkansas, Dillard's Inc. is a large departmental store chain, featuring fashion apparel and home furnishings in the United States.
Dillard's, which competes with Kohl's Corporation ( KSS ) and Macy's Inc. ( M ), maintains a Zacks #2 Rank, which translates into a short-term 'Buy' rating. Our long-term recommendation on the stock remains 'Outperform'.
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): 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 ), leading fashion apparel, cosmetics and home furnishings retailer, posted solid second-quarter 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The company also announced the planned closure of its outlet in Southpark Mall in Colonial Heights, Virginia, slated for the third quarter of 2012.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted solid second-quarter 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Operating Results In the second quarter, gross margin from retail operations (excluding CDI) expanded 70 basis points to 34.3%, while consolidated gross margin (including CDI) augmented 40 basis points to 33.6%.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted solid second-quarter 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Sales & Comps Dillard's top line (including CDI Contractors LLC or CDI) jumped 3.2% to $1,487.9 million from $1,441.7 million in the year-ago quarter.
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Dillard's Inc. ( DDS ), leading fashion apparel, cosmetics and home furnishings retailer, posted solid second-quarter 2012 earnings on the back of a robust sales performance combined with gross margin improvement as well as prudent cost control measures. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The company's total revenue (including other income) of $1,525.2 million surpassed the Zacks Consensus Estimate of $1,466 million.
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ef2f3bd4-a8ae-46e8-a45b-1010f563ccbb
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720106.0
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2012-08-09 00:00:00 UTC
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Market Wrap-Up for Aug.9 (EAT, KSS, DDS, CSCO, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-aug9-eat-kss-dds-csco-more-2012-08-09
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nan
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nan
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The markets couldn't muster up much of a trend in today's action. It's been a fairly quiet week from an overall earnings standpoint as we start to get most of the Q3 numbers in the books. Volume was once again very light.
Wall Street earnings reactions helped push shares of Dillard's ( DDS ) and Brinker International ( EAT ) higher, while shares of Tim Horton's ( THI ) and Kohl's ( KSS ) finished in the red. Meanwhile, Wall Street analyst upgrades helped push stocks like Cisco Systems ( CSCO ) and Baker Hughes ( BHI ) higher.
Growing Number of Retirees on the Hook for Student Debt
SmartMoney.com just ran a piece talking about the growing number of retirees who are seeing their social security checks getting docked because of delinquent federal student loans. In fact, the number has doubled from last year alone affecting roughly 115,000 retirees' Social Security checks. Deeper findings reveal the debt is tied mostly to their children's education costs. In other words, parents and grandparents who co-signed on their children's and grandchildren's student loans are now seeing their social security checks take an automatic hit when those loans aren't repaid.
The number of checks seeing reduced amounts is likely to spike in the next few years, too. Roughly 2.2 million student-loan debtors were 60 and older during the first quarter of 2012. Unfortunately I don't see how this trend will not continue for at least the next several years. According to a recent New York Fed report, borrowers currently in their 20s and 30s owe roughly $600 billion in student loans.
There are other factors affecting older Americans' student loan debt, as well. Many may have chosen a career path early in life that didn't work out too well from a salary standpoint. Others decided to go back to school to re-tool their skills in their 30′s, 40′s, and sometimes even in their 50′s. The hope, of course, is to invest in a career that will eventually pay enough to wipe away the loan debt relatively quickly.
I have been beating the drum loudly in my newsletter that parents (and grandparents) need to get their children on some sort of precise path regarding career options. The last thing any of us want is to see sky-high piles of debt for the younger generation, with little employment prospects after they do graduate. And we certainly don't want to put our retirement nest egg in potential jeopardy by sharing the cost of skyrocketing education costs. It's become more and more obvious that bad choices in a young person's professional career (or personal life, for that matter) will eventually affect more than just their own financial and personal well-being.
Most older folks going through these situations can tell you they never planned on being on the hook for the younger generation's bills. Thus the importance of making sound investment/financial decisions at every point in our lives. That way, you'll be prepared when the unexpected does happen.
25 Years of Dividend-Increasing Stocks
We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. Be sure to check out the latest list of names here .
Dividends Really Matter
Financial blog DailyReckoning.com recently took a look at the difference dividend payouts made in the overall return investors saw throughout the prior decades. Here are some of the highlights:
- The Nasdaq is down 28% since the end of 1999. Even the "blue chip" S&P 500 stocks are down 15% during that time frame…until you add back those "boring" dividends. With dividends included, the S&P 500′s 15% loss flips to a 6% gain.
- Without dividends, the S&P 500 index would have produced a loss for the 25 long years from August 1929 to August 1954. Then again, without dividends, the S&P 500 produced a 5% loss during the 13 years from September 1961 to September 1974. But with dividends included, the S&P's loss became a 46% gain.
- Over the course of the last half-century, dividends have contributed more than half of the stock market's total return - 56%, to be exact.
Of course, you can't discuss the potency of dividend investing without making mention of how awesome compound returns are. I can't stress enough the power of compound interest: you take a small amount of money and turn it into a large amount over time. Finding the right companies at the right price points which not only grow earnings, but also grow their dividend payouts as well!
New Watchlist Article Out Today
Be sure to check out our weekly Top 50 High-Yield Watchlist Names post that is out today, exclusively for Dividend.com Premium members. This list gives readers a good idea of what stocks we're watching behind the scenes here for potential upgrades.
Go Beyond This Newsletter
We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the "Big Three" benefits of our Premium service:
- The Best Dividend Stocks List is used by tens of thousands of investors to help build their own portfolios.
- Creating your own Watchlist allows you to track the performance, news, and upcoming dividend payouts of the particular stocks you care about.
- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a "Dividend Capture" trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.
We don't ask for a credit card to use our free trial, and we don't bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven't already subscribed!
Thanks for reading, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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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Wall Street earnings reactions helped push shares of Dillard's ( DDS ) and Brinker International ( EAT ) higher, while shares of Tim Horton's ( THI ) and Kohl's ( KSS ) finished in the red. Meanwhile, Wall Street analyst upgrades helped push stocks like Cisco Systems ( CSCO ) and Baker Hughes ( BHI ) higher. I have been beating the drum loudly in my newsletter that parents (and grandparents) need to get their children on some sort of precise path regarding career options.
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Wall Street earnings reactions helped push shares of Dillard's ( DDS ) and Brinker International ( EAT ) higher, while shares of Tim Horton's ( THI ) and Kohl's ( KSS ) finished in the red. Meanwhile, Wall Street analyst upgrades helped push stocks like Cisco Systems ( CSCO ) and Baker Hughes ( BHI ) higher. In fact, the number has doubled from last year alone affecting roughly 115,000 retirees' Social Security checks.
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Wall Street earnings reactions helped push shares of Dillard's ( DDS ) and Brinker International ( EAT ) higher, while shares of Tim Horton's ( THI ) and Kohl's ( KSS ) finished in the red. Growing Number of Retirees on the Hook for Student Debt SmartMoney.com just ran a piece talking about the growing number of retirees who are seeing their social security checks getting docked because of delinquent federal student loans. In other words, parents and grandparents who co-signed on their children's and grandchildren's student loans are now seeing their social security checks take an automatic hit when those loans aren't repaid.
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Wall Street earnings reactions helped push shares of Dillard's ( DDS ) and Brinker International ( EAT ) higher, while shares of Tim Horton's ( THI ) and Kohl's ( KSS ) finished in the red. There are other factors affecting older Americans' student loan debt, as well. 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more.
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33073552-04a4-478f-b1f4-da743f2d4362
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720107.0
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2012-08-08 00:00:00 UTC
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Macy's Beats, Ups Outlook - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-beats-ups-outlook-analyst-blog-2012-08-08
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nan
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nan
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Macy's Inc. ( M ) posted better-than-expected second-quarter 2012 results, thereby prompting management to raise fiscal 2012 earnings guidance. The company's relentless endeavors to keep itself on the growth trajectory have paid off in an economy, which is still not completely out of the woods.
The shares of Macy's jumped $1.37 or 3.7% to $38.37 during the pre-market trading session.
Let's Unveil the Picture
The quarterly earnings of 67 cents a share beat the Zacks Consensus Estimate of 64 cents, and soared 22% from 55 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration, robust online sales and effective cost management.
The Cincinnati, Ohio-based Macy's said that total sales grew 3% to $6,118 million in the quarter from $5,939 million in the year-ago period, and comfortably surpassed the Zacks Consensus Estimate of $6,100 million. Comparable-store sales for the quarter climbed 3%.
In spite of the macroeconomic headwinds and a temporary suspension in sales due to restoration of flagship stores in New York City, the company continued to perform well in the first half of 2012, and ended it on a winning note with July comparable-store sales rising 4.1%. Moreover, Macy's met management's expectations for the spring season.
Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum. For the quarter, online sales were up 36.1%. Online sales favorably impacted comparable-store sales by 1.7%. The company seeks to expand both Macy's and Bloomingdale's brands online.
Despite a 2.8% increase in cost of sales, gross profit in the quarter climbed 3.3% to $2,563 million, aided by top-line growth, whereas gross profit margin expanded 10 basis points to 41.9%. Operating income jumped 9.5% to $554 million, whereas operating margin increased 60 basis points to 9.1%.
Stores Update
Macy's during the quarter opened two new Bloomingdale's Outlet stores. Two new Macy's outlets were opened in the first half of 2012 in the Milwaukee and Salt Lake City areas. The company now plans to open three new Bloomingdale's Outlet stores and shutter a Macy's outlet in Santa Ana in the second half of the year.
Other Financial Aspects
Macy's ended the quarter with cash and cash equivalents of $1,604 million, long-term debt of $6,637 million, reflecting a debt-to-capitalization ratio of 52.9% and shareholders' equity of $5,903 million. During the first half of 2012, the company repaid debt of $797 million.
Macy's has been actively managing its cash flows, returning much of its free cash to shareholders via dividends or share repurchase activity, while maintaining a healthy balance sheet and credit ratios that are necessary for an investment-grade rating. The share repurchases and dividend increasing strategies not only enhance shareholders' return but also raise the market value of the stock.
During the first-half of 2012, the company paid dividend of $165 million. During the quarter, the company repurchased approximately 10.6 million shares, aggregating about $374 million.
So far in the fiscal year, Macy's has bought back approximately 16 million shares totaling about $588 million. The company at its disposal had approximately $764 million of share repurchase authorization remaining as of July 28, 2012.
Macy's generated net cash flow of $638 million from operating activities in the first-half of 2012 compared with $587 million in the year-ago period.
Strolling Through Guidance
Buoyed by Macy's healthy results management now expects fiscal 2012 earnings between $3.30 and $3.35, up from a range of $3.25 to $3.30 per share forecasted earlier. The current Zacks Consensus Estimate of $3.35 for fiscal year is in line with high-end of the guidance range. However, comparable-store sales growth forecast of about 3.7% for fiscal 2012 was kept unchanged.
Let's Conclude
The U.S. economy is still not fully recovered. Amid such a scenario, Macy's has been moving on and keeping its upbeat note. The company's sound fundamentals across its Macy's and Bloomingdale's business is mirrored through strong second quarter results, and management believes that it will sustain the rhythm in 2012, as the year presents enormous opportunities to enhance market share.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
However, the company's expansion in regions where it already serves could cannibalize its sales performance and bring down traffic counts at its existing stores in these areas. Consequently, this may have a negative impact on the company's overall performance. Moreover, a sluggish economic recovery and erratic consumer behavior remain causes for concern.
Macy's department stores sell a wide range of merchandise. Its products include men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term Neutral recommendation on the stock. Moreover, Macy's holds a Zacks #3 Rank that translates into a short-term Hold rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. The company's sound fundamentals across its Macy's and Bloomingdale's business is mirrored through strong second quarter results, and management believes that it will sustain the rhythm in 2012, as the year presents enormous opportunities to enhance market share.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Let's Unveil the Picture The quarterly earnings of 67 cents a share beat the Zacks Consensus Estimate of 64 cents, and soared 22% from 55 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration, robust online sales and effective cost management.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Let's Unveil the Picture The quarterly earnings of 67 cents a share beat the Zacks Consensus Estimate of 64 cents, and soared 22% from 55 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration, robust online sales and effective cost management.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. For the quarter, online sales were up 36.1%.
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653f7965-545d-438c-b451-914fd6738d06
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720108.0
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2012-08-07 00:00:00 UTC
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Earning Preview: Macy's - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/earning-preview%3A-macys-analyst-blog-2012-08-07
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nan
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Macy's Inc. ( M ), an S&P 500 company and one of the leading department store retailers in the U.S., is scheduled to report its second-quarter 2012 financial results on Wednesday, August 8, before the market opens.
The current Zacks Consensus Estimate for the quarter is 64 cents a share. The estimates in the current Zacks Consensus range between a low of 62 cents and a high of 66 cents a share. The Zacks Consensus estimates revenue at $6,104 million for the second quarter.
Recap of First-Quarter 2012
On May 9, 2012, Macy's delivered first-quarter 2012 results. The quarterly earnings of 43 cents a share beat the Zacks Consensus Estimate of 40 cents, and soared 43.3% from 30 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration and robust online sales.
Macy's said that total sales grew 4.3% to $6,143 million in the quarter from $5,889 million in the prior-year period, and comfortably surpassed the Zacks Consensus Estimate of $6,123 million. Comparable-store sales for the quarter climbed 4.4%.
Zacks Agreement & Magnitude
The Zacks Consensus Estimate for the second quarter of 2012 remained static in both the last 7 and 30 days, despite revisions in estimates made by 2 out of 14 analysts covering the stock in the respective periods. These revisions did not however, materially impact the Estimate.
The upward revision in the estimates was due to better-than-expected July comparable-store sales, which rose 4.1% despite the macroeconomic headwinds and a temporary suspension in sales due to refurbishment of flagship stores in New York City.
Positive Earnings Surprise History
With respect to earnings surprises, Macy's topped the Zacks Consensus Estimate over the last four quarters in the range of 3% to 100%. The average remained at 31.9%, indicating that the company surpassed the Zacks Consensus Estimate by the same magnitude in the trailing four quarters.
Closing Comment
Macy's department stores sell a wide range of merchandises. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
In an attempt to increase sales, profitability and cash flows, the company has been taking various initiatives such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
However, the company's expansion in regions where it already serves could cannibalize its sales performance and bring down traffic counts at its existing stores in these areas. Consequently, this may have a negative impact on the company's overall performance. Moreover, sluggish economic recovery and erratic consumer behavior also remain the causes for concern.
Currently, we maintain our long-term 'Neutral' recommendation on the stock. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) , Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #4 Rank that translates into a short-term 'Sell' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) , Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #4 Rank that translates into a short-term 'Sell' rating. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc. ( M ), an S&P 500 company and one of the leading department store retailers in the U.S., is scheduled to report its second-quarter 2012 financial results on Wednesday, August 8, before the market opens.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) , Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #4 Rank that translates into a short-term 'Sell' rating. The quarterly earnings of 43 cents a share beat the Zacks Consensus Estimate of 40 cents, and soared 43.3% from 30 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration and robust online sales.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) , Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #4 Rank that translates into a short-term 'Sell' rating. The quarterly earnings of 43 cents a share beat the Zacks Consensus Estimate of 40 cents, and soared 43.3% from 30 cents earned in the prior-year quarter on the back of My Macy's localization initiatives, omnichannel integration and robust online sales.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) , Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #4 Rank that translates into a short-term 'Sell' rating. The current Zacks Consensus Estimate for the quarter is 64 cents a share.
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29b99165-e893-43c0-b26b-ad0da8dd1184
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720109.0
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2012-08-03 00:00:00 UTC
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Macy's Keeps Up Momentum - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-keeps-up-momentum-analyst-blog-2012-08-03
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nan
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nan
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Macy's Inc. ( M ), one of the leading department store retailers in the U.S., posted strong comparable-store sales (comps) for the four-week period ended July 28, 2012, much better than analysts' expectations. The increase in comps was attributable to continued strength in its online business.
Same-store sales improved 4.1% year over year for the month of July. The company stated that total sales of $1.69 billion for the month of July 2012 reflected an increase of 5.1% from $1.61 billion in the comparable prior-year period.
In spite of the macro-economic headwinds and a temporary suspension in sales due to restoration of flagship stores in New York City, the company continued to perform well in the first half of 2012, reflecting healthy sales in the month of July. Moreover, Macy's met management's expectations for the spring season.
Year-to-date, Macy's sales jumped 3.7% to $12.3 billion compared with $11.8 billion in the same period last year. Macy's same-store sales also increased 3.7% year-to-date.
Online sales, which include sales from macys.com and bloomingdales.com, continued to grow at a rapid pace, surging 35.1% in July. On a year-to-date basis, online sales shot up 34.8% from the comparable period last year. The company seeks to expand both Macy's and Bloomingdale's brands online.
Macy's total sales grew 3% to $6.1 billion in the second-quarter 2012 from $5.9 billion in the prior-year period, while same-store sales climbed 3%. Online sales during the quarter soared 36.1%. The company currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
To Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel. It also deals with accessories, cosmetics, home furnishings and other consumer goods.
The company has been taking a number of initiatives in order to increase its sales, profitability and cash flows. These steps include integration of operations, consolidation of divisions as well as developing e-commerce business and online order fulfillment centers.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer needs and preferences.
However, the company's expansion in regions where it already serves could cannibalize its sales performance and bring down traffic counts at its existing stores in these areas. Consequently, this may have a negative impact on the company's overall performance.
Therefore, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. Moreover, we have a long-term Neutral recommendation on the stock.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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Therefore, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Inc. ( M ), one of the leading department store retailers in the U.S., posted strong comparable-store sales (comps) for the four-week period ended July 28, 2012, much better than analysts' expectations.
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Therefore, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. The company stated that total sales of $1.69 billion for the month of July 2012 reflected an increase of 5.1% from $1.61 billion in the comparable prior-year period.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. In spite of the macro-economic headwinds and a temporary suspension in sales due to restoration of flagship stores in New York City, the company continued to perform well in the first half of 2012, reflecting healthy sales in the month of July.
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Therefore, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Same-store sales improved 4.1% year over year for the month of July.
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7015d9b2-c794-4ba5-a2c3-4bca84f16205
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720110.0
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2012-08-01 00:00:00 UTC
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Stock Market News for August 1, 2012 - Market News
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DDS
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https://www.nasdaq.com/articles/stock-market-news-for-august-1-2012-market-news-2012-08-01
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nan
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nan
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Investors' cautious stance ahead of key economic announcements through this week left the benchmarks languishing in the red. Investors are apprehensive about what the central bank has to say about economic measures after its two-day policy meet concludes on Wednesday. Separately, the European Central Bank's meeting is scheduled on Thursday, and its outcome gained importance after Mario Draghi pledged last week to do "whatever it takes" to keep the euro-zone intact. Nonfarm payroll data is also slated for release this week.
The Dow Jones Industrial Average (DJI) dropped 0.5% and closed at 13,008.68. The Standard & Poor 500 (S&P 500) was down 0.4% and finished yesterday's trading session at 1,379.32. The tech-laden Nasdaq Composite Index slipped 0.2% to end at 2,939.52. The fear-gauge CBOE Volatility Index (VIX) gained 5% to settle at 18.93. Consolidated volumes on the New York Stock Exchange, the Nasdaq and the American Stock Exchange were 6.5 billion shares, lower than this year's daily average of 6.74 billion. Decliners dominated advancing stocks on the NYSE; as for 57% stocks that declined, 39% stocks ended higher.
Markets had no major headlines to guide them through the day. What affected investors' mood were their hopes and apprehensions about the outcome of the central banks' meet on both sides of the Atlantic and key jobs data. Investors had renewed hopes about a third round of quantitative easing (QE3) and a bagful of dismal economic readings strengthened those hopes.
Federal Reserve Chairman Ben Bernanke has been critical about the state of the economy in his latest congressional testimony in July. He noted that the pace of improvement in unemployment remains "frustratingly slow". He had also mentioned: "It may be possible that we will take additional action if we conclude we are not making progress towards higher levels of employment". Therefore, QE3 hopes were kept alive and investors have now adopted a wait and watch stance as the two-day policy meet of the Federal Reserve's policy makers concludes on Wednesday.
Meanwhile, the government is due to report nonfarm payroll data on Friday. Investors are keen to see what state the labor market is in. The report will follow initial claims data to be released by the Labor department on Thursday. In the previous report, the advance figure for seasonally adjusted initial claims had dropped 35,000 for the week ending July 21.
Apart from what is slated for release this week, yesterday the Conference Board reported an increase in Consumer Confidence Index. The index rebounded from a decline in June to rise to 65.9 in July. This was significantly higher than consensus estimates of 61.9 and June's reading of 62.7. Also, the Expectations Index was up to 79.1 in July from 73.4 in June. However, Lynn Franco, Director of Economic Indicators at The Conference Board, noted: "Despite this month's improvement in confidence, the overall Index remains at historically low levels. Consumers' attitude regarding current conditions was little changed in July, but their short-term expectations, which had declined last month, bounced back".
In tune with the decline in broader markets, the retail sector, that reflects consumer spending, also ended in the red. The SPDR S&P Retail (XRT) was down 0.6% and stocks including Macy's, Inc. (NYSE: M ), Saks Inc (NYSE: SKS ), Dillard's, Inc. (NYSE: DDS ), The Bon-Ton Stores, Inc. (NASDAQ: BONT ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ) and Family Dollar Stores, Inc. (NYSE: FDO ) declined 2.2, 1.6%, 2.4%, 0.8%, 0.7%, 1.1% and 0.9%, respectively.
On the other side of the pool, ECB President Mario Draghi's vow will now be put to the test as an ECB meeting in scheduled for Thursday. Investors now await concrete action or at least a plan arising out of Mario Draghi's comments last week to do "whatever it takes" to keep the Euro-zone intact. He had also sparked off hopes that the central bank would buy Spanish and Italian bonds. Reportedly, Mr. Draghi had commented: "While it will take another few days or even weeks to finalize the device in question, the ECB would prepare an operation coordinated with the states may limit the surge in interest rates of Spain, but also the Italy". However, Germany is against these measures. Investors are thus keen awaiting the next development in this connection and their wait and watch attitude restricted them from betting big.
BON-TON STORES (BONT): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
FAMILY DOLLAR (FDO): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
PRICESMART INC (PSMT): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
WAL-MART STORES (WMT): 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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The SPDR S&P Retail (XRT) was down 0.6% and stocks including Macy's, Inc. (NYSE: M ), Saks Inc (NYSE: SKS ), Dillard's, Inc. (NYSE: DDS ), The Bon-Ton Stores, Inc. (NASDAQ: BONT ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ) and Family Dollar Stores, Inc. (NYSE: FDO ) declined 2.2, 1.6%, 2.4%, 0.8%, 0.7%, 1.1% and 0.9%, respectively. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Separately, the European Central Bank's meeting is scheduled on Thursday, and its outcome gained importance after Mario Draghi pledged last week to do "whatever it takes" to keep the euro-zone intact.
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The SPDR S&P Retail (XRT) was down 0.6% and stocks including Macy's, Inc. (NYSE: M ), Saks Inc (NYSE: SKS ), Dillard's, Inc. (NYSE: DDS ), The Bon-Ton Stores, Inc. (NASDAQ: BONT ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ) and Family Dollar Stores, Inc. (NYSE: FDO ) declined 2.2, 1.6%, 2.4%, 0.8%, 0.7%, 1.1% and 0.9%, respectively. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, QE3 hopes were kept alive and investors have now adopted a wait and watch stance as the two-day policy meet of the Federal Reserve's policy makers concludes on Wednesday.
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The SPDR S&P Retail (XRT) was down 0.6% and stocks including Macy's, Inc. (NYSE: M ), Saks Inc (NYSE: SKS ), Dillard's, Inc. (NYSE: DDS ), The Bon-Ton Stores, Inc. (NASDAQ: BONT ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ) and Family Dollar Stores, Inc. (NYSE: FDO ) declined 2.2, 1.6%, 2.4%, 0.8%, 0.7%, 1.1% and 0.9%, respectively. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Decliners dominated advancing stocks on the NYSE; as for 57% stocks that declined, 39% stocks ended higher.
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The SPDR S&P Retail (XRT) was down 0.6% and stocks including Macy's, Inc. (NYSE: M ), Saks Inc (NYSE: SKS ), Dillard's, Inc. (NYSE: DDS ), The Bon-Ton Stores, Inc. (NASDAQ: BONT ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ) and Family Dollar Stores, Inc. (NYSE: FDO ) declined 2.2, 1.6%, 2.4%, 0.8%, 0.7%, 1.1% and 0.9%, respectively. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report FAMILY DOLLAR (FDO): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Decliners dominated advancing stocks on the NYSE; as for 57% stocks that declined, 39% stocks ended higher.
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37e4383b-d671-46b5-8940-6951e521ccb7
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720111.0
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2012-07-12 00:00:00 UTC
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Dillard's Maintained at Outperform - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-maintained-at-outperform-analyst-blog-2012-07-12
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nan
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nan
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We are maintaining our long-term Outperform recommendation on Arkansas, Little Rock based retailer Dillard's Inc. ( DDS ), on the back of the company's continued robust quarterly results.
The first quarter of 2012 marked the seventh consecutive quarter of comparable store sales and earnings per share growth for Dillard's. Quarterly earnings of $1.88 per share outpaced the Zacks Consensus Estimate of $1.67 per share and the prior-year quarter earnings of $1.27 per share. Comps also increased 5% during the quarter.
In addition, Dillard's witnessed an improvement in margins, mainly due to reduced operating expenses resulting from restructuring initiatives and inventory reduction efforts. Management has been taking such prudent steps with an aim boost its profitability.
The company has also been benefiting from improved inventory management by focusing more on conservative purchasing and efforts to better match the timing of receipts with demand, which ultimately resulted in reduced markdowns.
Moreover, Dillard's wholly-owned real estate investment trust (REIT) company and Captive Insurance Company will facilitate better risk management while enhancing its liquidity position. Further, Dillard's healthy balance sheet and adequate cash flows allow it to make shareholder friendly moves, such as acquisitions, dividends and share repurchases.
Finally, the newly modified credit line agreement is expected to further enhance its financial flexibility by allowing the company to borrow more funds at the same level of inventory pledged.
Dillard's, which competes with Kohl's Corporation ( KSS ) and Macy's Inc. ( M ), operated 287 Dillard's locations and 17 clearance centers across 29 states and an Internet store at www.dillards.com at the end of the first-quarter of fiscal 2012.
Based on the company's strong performance over the last seven consecutive quarters, we expect it to continue to post earnings as well as revenue growth in the coming quarters.
DILLARDS INC-A (DDS): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): 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 are maintaining our long-term Outperform recommendation on Arkansas, Little Rock based retailer Dillard's Inc. ( DDS ), on the back of the company's continued robust quarterly results. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The company has also been benefiting from improved inventory management by focusing more on conservative purchasing and efforts to better match the timing of receipts with demand, which ultimately resulted in reduced markdowns.
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DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. We are maintaining our long-term Outperform recommendation on Arkansas, Little Rock based retailer Dillard's Inc. ( DDS ), on the back of the company's continued robust quarterly results. 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.
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DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. We are maintaining our long-term Outperform recommendation on Arkansas, Little Rock based retailer Dillard's Inc. ( DDS ), on the back of the company's continued robust quarterly results. The first quarter of 2012 marked the seventh consecutive quarter of comparable store sales and earnings per share growth for Dillard's.
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We are maintaining our long-term Outperform recommendation on Arkansas, Little Rock based retailer Dillard's Inc. ( DDS ), on the back of the company's continued robust quarterly results. DILLARDS INC-A (DDS): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. The first quarter of 2012 marked the seventh consecutive quarter of comparable store sales and earnings per share growth for Dillard's.
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f732fe94-b875-464d-950c-6e54b0da0177
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720112.0
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2012-06-29 00:00:00 UTC
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Dillard's, Inc. Enters Oversold Territory - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/dillards-inc.-enters-oversold-territory-tale-of-the-tape-2012-06-29
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nan
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nan
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Dillard's, Inc. 's ( DDS ) share price has entered into oversold territory with a stochastic value of 18.924. The Zacks Consensus Estimate on the company's earnings for year ending January 2013 increased by 50 cents over the past two months to $5.75 per share. Dillard's, Inc. is a Zacks #1 Rank (" Strong Buy") company.
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. 's ( DDS ) share price has entered into oversold territory with a stochastic value of 18.924. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for year ending January 2013 increased by 50 cents over the past two months to $5.75 per share.
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Dillard's, Inc. 's ( DDS ) share price has entered into oversold territory with a stochastic value of 18.924. 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.
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Dillard's, Inc. 's ( DDS ) share price has entered into oversold territory with a stochastic value of 18.924. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for year ending January 2013 increased by 50 cents over the past two months to $5.75 per share.
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Dillard's, Inc. 's ( DDS ) share price has entered into oversold territory with a stochastic value of 18.924. DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate on the company's earnings for year ending January 2013 increased by 50 cents over the past two months to $5.75 per share.
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2e12d3a0-3779-4b16-8479-dbfb180a294c
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720113.0
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2012-06-21 00:00:00 UTC
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Macy's Decent Sales Ride So Far - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-decent-sales-ride-so-far-analyst-blog-2012-06-21
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nan
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nan
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Amidst an uneven economic recovery, Macy's Inc. ( M ) has been able to maintain a decent sales run so far in 2012, and we believe it will carry the same momentum over the year. The company has been relentlessly endeavoring to keep itself on the growth trajectory, while keeping an upbeat note in an economy that still lacks luster.
Riding on Positive Comps
During a period from January to May 2012, Macy's has consistently registered comparable-store sales growth. In that period, comps growth touched a low of 1.2% and hit a high of 7.3%, thereby recording an average growth of approximately 3.9%. In the first five months of 2012, comps increased 2.4% in January, 4.6% in February, 7.3% in March, 1.2% in April and 4.2% in May.
April sales were anticipated to be softer on account of the shift in Easter and the cosmetic event to March this year from April in the prior year. Moreover, the timing of Mother's Day in the latter part of May also proved unfavorable for April sales.
Given the soft economic retrieval, monthly sales data for Macy's also portrayed a decent performance. The company, in the span of January to May 2012, registered a minimum sales growth of 0.4% and a maximum growth of 6.9%, reflecting an average growth of approximately 3.8% for the period. In the first five months, sales growth was 2% in January, 5.5% in February, 6.9% in March, 0.4% in April and 4.1% in May.
Let's Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
However, the company's customers remain sensitive to macroeconomic factors including interest rate hikes, increase in fuel and energy costs, credit availability, unemployment levels and high household debt levels, which may negatively impact their discretionary spending, and in turn the company's growth and profitability.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term 'Neutral' recommendation on the stock. Moreover, Macy's holds a Zacks #3 Rank that translates into a short-term 'Hold' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. In the first five months of 2012, comps increased 2.4% in January, 4.6% in February, 7.3% in March, 1.2% in April and 4.2% in May.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The company, in the span of January to May 2012, registered a minimum sales growth of 0.4% and a maximum growth of 6.9%, reflecting an average growth of approximately 3.8% for the period.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. The company, in the span of January to May 2012, registered a minimum sales growth of 0.4% and a maximum growth of 6.9%, reflecting an average growth of approximately 3.8% for the period.
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2a5160cd-0935-48ed-89a2-6cf410b0a585
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720114.0
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2012-06-19 00:00:00 UTC
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Dow Soars 95 Points on Hopes for Economic Stimulus
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DDS
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https://www.nasdaq.com/articles/dow-soars-95-points-hopes-economic-stimulus-2012-06-19
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nan
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nan
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From the word go, the Dow Jones Industrial Average (DJI) took off and never really looked back, reclaiming all of yesterday's pullback with a near triple-digit surge. "Wall Street was abuzz with optimism today on hopes that the Fed will approve some type of stimulus when they announce their decision about interest rates tomorrow," observed Schaeffer's Senior Technical Strategist Ryan Detrick. "This morning's housing data further confirmed a slowing U.S. economy, and so expectations are very high for a fresh round of stimulus to be introduced."
Keep reading to see what else was on our radar today:
Expectational Analysis ® : Examining the upside potential for Dillard's ( DDS ).
Can the PowerShares QQQ Trust ( QQQ ) shed a light on which way the broad market will travel ?
The Street readies for the Federal Open Market Committee's assessment .
And now, a look at the numbers...
In afternoon trading, the Dow Jones Industrial Average (DJI - 12,837.33) rocketed some 157 points to a session peak of 12,898.94. But by the time the dust settled, the Dow pared some of its gains to close 95.5 points, or 0.8%, higher. All but seven of the 30 blue chips enjoyed upswings, as Bank of America ( BAC ) led the outperforming issues with a 4.5% jump. Hewlett-Packard's ( HPQ ) 1.1% deficit paced the losing components.
The S&P 500 Index (SPX - 1,357.98) notched a fourth consecutive win today, adding 13.2 points, or roughly 1%. Meanwhile, the Nasdaq Composite (COMP - 2,929.76) once again posted the best performance of its peers, rising 34.4 points, or 1.2%.
The CBOE Market Volatility Index (VIX - 18.38) found its way to a fractional win today, adding 0.3%, and landing just below its session peak of 18.62. However, today marked the VIX's second straight close below 20.
Today's highlight : "Oracle ( ORCL ) reported solid earnings and this put a bid under tech," said Detrick. "Small-cap stocks also had a great day. I love to see small-cap leadership for signs that a rally is healthy. At the same time, we're finally ready to hear what the Fed has to say." Ryan added, "Get your popcorn ready because tomorrow should be a fun ride."
Turning to today's major market stories...
The PowerShares QQQ Trust ( QQQ ) could hold clues about what's in store for the broader equities market .
Blue chips Walt Disney (DIS) and Home Depot (HD) achieved new record peaks today.
A shareholder wrote covered calls to protect their position on Teva Pharmaceutical (TEVA).
Several large blocks of Citigroup's (C) December calls were bought to open in morning trading.
An abundance of bearish sentiment could provide a contrarian boon for Dillard's ( DDS ) .
CLSA Asia-Pacific Markets adjusted its stance on Monster Beverage (MNST) and Oracle ( ORCL ) .
Short-term options players are counting on Kohl's (KSS) recent weakness to continue.
Weekly call options were exceedingly popular on Apple (AAPL) and First Solar (FSLR) , while J.C. Penney's (JCP) weekly put options flew off the shelf.
In a recent Bloomberg Radio interview , Ryan Detrick discussed a variety of topics, including contrarian analysis, sentiment, and key technical levels to keep an eye on.
For today's activity in commodities, options, and more, head to page 2.
Oil futures finished in positive territory today, catching a lift from the better-than-predicted Spanish bond auction and solid housing stats. Ahead of the Fed's announcement tomorrow, July-dated oil added 76 cents, or 0.9%, to end at $84.03 a barrel.
Gold futures settled with a second straight loss, as its safe-haven appeal was overshadowed by Spain's successful debt auction. But the dollar-denominated commodity's losses were limited thanks to an ailing greenback. By the close, August-dated gold sawed off $3.80, or 0.2%, to land at $1,623.20 an ounce.
Levels to Watch in Trading :
Dow Jones Industrial Average (DJI - 12,837.33) - support at 11,500; resistance at 14,000
S&P 500 Index (SPX - 1,357.98) - support at 1,100; resistance at 1,500
Nasdaq Composite (COMP - 2,929.76) - support at 2,400; resistance at 3,400
For today's notable annual highs and lows, click here .
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication 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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Keep reading to see what else was on our radar today: Expectational Analysis ® : Examining the upside potential for Dillard's ( DDS ). An abundance of bearish sentiment could provide a contrarian boon for Dillard's ( DDS ) . "Wall Street was abuzz with optimism today on hopes that the Fed will approve some type of stimulus when they announce their decision about interest rates tomorrow," observed Schaeffer's Senior Technical Strategist Ryan Detrick.
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Keep reading to see what else was on our radar today: Expectational Analysis ® : Examining the upside potential for Dillard's ( DDS ). An abundance of bearish sentiment could provide a contrarian boon for Dillard's ( DDS ) . In afternoon trading, the Dow Jones Industrial Average (DJI - 12,837.33) rocketed some 157 points to a session peak of 12,898.94.
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Keep reading to see what else was on our radar today: Expectational Analysis ® : Examining the upside potential for Dillard's ( DDS ). An abundance of bearish sentiment could provide a contrarian boon for Dillard's ( DDS ) . The CBOE Market Volatility Index (VIX - 18.38) found its way to a fractional win today, adding 0.3%, and landing just below its session peak of 18.62.
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Keep reading to see what else was on our radar today: Expectational Analysis ® : Examining the upside potential for Dillard's ( DDS ). An abundance of bearish sentiment could provide a contrarian boon for Dillard's ( DDS ) . However, today marked the VIX's second straight close below 20.
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8e41d9af-daad-43bc-b134-bf7a530c87d6
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720115.0
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2012-06-14 00:00:00 UTC
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Stock Market News for June 14, 2012 - Market News
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DDS
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https://www.nasdaq.com/articles/stock-market-news-for-june-14-2012-market-news-2012-06-14
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nan
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nan
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On Wednesday, benchmarks closed in the red after European concerns once again dominated proceedings. Alongside Spain's rising bond yields, Italy became the latest flashpoint after its borrowing costs also sprung sharply higher. Cyprus' finance minister further intensified concerns after he spoke about the possibility of seeking a bailout for the nation. Domestic developments too were hardly encouraging, as retail sales data dropped for the second consecutive month.
The Dow Jones Industrial Average (DJI) dropped 0.6% to close at 12,496.38. The Standard & Poor 500 (S&P 500) was down to 1,314.88, after plunging 0.7%. The tech-laden Nasdaq Composite Index lost 0.9% and finished yesterday's trading session at 2,818.61. The fear-gauge CBOE Volatility Index (VIX) gained 9.9% and settled at 24.27. It was a busy day on the Street as consolidated volumes on the New York Stock Exchange, Nasdaq and American Stock Exchange amounted to roughly 7.1 billion shares, higher than the 20-day moving average. Declining stocks outpaced the advancers on the NYSE; as for 66% stocks that dropped, 31% stocks moved up.
Benchmarks opened in the red but had strayed into the green for a brief period, before slumping further. Markets hardly had anything positive to cling on to as the lingering tension ahead of the Greek vote this weekend is constantly playing in the investors' mind. The nation had failed to form a government following the elections in late April. Throughout May, there were apprehensions that Greece, which has no government to negotiate a bailout package, would eventually exit the euro.
Concerns are being further intensified now as the nation prepares to go to polls for the second time in less than two months. What most investors are worried about are rumors of an anti-bailout party securing a majority to form the government. In that event, the nation would have to exit the euro, which would have far reaching effects on global markets. These concerns were reflected in bank deposits shrinking by €500-€800 million daily in the last few days ahead of the vote. A banker, who wished to remain anonymous said: "This includes cash withdrawals, wire transfers and investments into money market funds, German Bonds, U.S. Treasuries and EIB bonds". The nation had started withdrawing money from banks and was hoarding non-perishable food items instead.
Meanwhile, Cyprus also seems to be in need of a bailout and the nation's finance minister has said this was needed to support banks ahead of Greece's election. Cyprus is dependent on Greek results as the Cypriot banks' Greek branches might fast lose its deposits if Greece exits the euro. Fears of Greece exiting euro also forced Moody's to chop Cyprus' rating by two notches to Ba3. Also, Egan-Jones Ratings Co and Moody's Investors Service downgraded Spain's ratings. Moody's downgraded Spain from A3 to Baa3 and Egan-Jones, in its fourth downgrade in six weeks, reduced Spain's rating to CCC+ from B-.
Europe had more negatives to share and Italy has now been added to the list of nations suffering from inflating borrowing costs. The 10-year bond yield had sprung to 6.1% from 6.02%. For the yields on 12-month bonds, the nation had to shell out an interest rate of 3.972%, up from last month's 2.34%. Italy's incremental bond yields came to light a day after Spain recorded its highest euro-era borrowing costs. On Tuesday, the 10-year Spanish bond yield touched a high of 6.83% before moving down marginally, thus recording its highest level since Spain entered the euro. Yesterday, Spain's 10-year borrowing cost jumped further and settled at 6.71%. It is moving closer to the 7% rate, which is considered to be an 'unsustainable level'. We have noticed in the recent past that European nations with a 7% borrowing rate ultimately had to seek bailouts.
With cross-Atlantic tensions taking a toll, investors also failed to find any respite from the domestic arena. The U.S. Department of Commerce noted "that advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $404.6 billion, a decrease of 0.2 percent (±0.5%) from the previous month". This was the first time in two years that retail sales dropped for two consecutive months. The drop was also wider than consensus estimates, which projected a 0.1% decline.
The retail sector took a hit following the report and the SPDR S&P Retail (XRT) dropped 2.8%. As for the retail stocks, Costco Wholesale Corporation (NASDAQ: COST ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ), Expedia Inc (NASDAQ: EXPE ), Hibbett Sports, Inc. (NASDAQ: HIBB ), Macy's, Inc. (NYSE: M ) and Dillard's, Inc. (NYSE: DDS ) lost 1.2%, 1.0%, 1.5%, 2.7%, 3.1%, 4.5% and 2.8%, respectively.
COSTCO WHOLE CP (COST): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
EXPEDIA INC (EXPE): Free Stock Analysis Report
HIBBET SPORTS (HIBB): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
PRICESMART INC (PSMT): Free Stock Analysis Report
WAL-MART STORES (WMT): 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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As for the retail stocks, Costco Wholesale Corporation (NASDAQ: COST ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ), Expedia Inc (NASDAQ: EXPE ), Hibbett Sports, Inc. (NASDAQ: HIBB ), Macy's, Inc. (NYSE: M ) and Dillard's, Inc. (NYSE: DDS ) lost 1.2%, 1.0%, 1.5%, 2.7%, 3.1%, 4.5% and 2.8%, respectively. COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Markets hardly had anything positive to cling on to as the lingering tension ahead of the Greek vote this weekend is constantly playing in the investors' mind.
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As for the retail stocks, Costco Wholesale Corporation (NASDAQ: COST ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ), Expedia Inc (NASDAQ: EXPE ), Hibbett Sports, Inc. (NASDAQ: HIBB ), Macy's, Inc. (NYSE: M ) and Dillard's, Inc. (NYSE: DDS ) lost 1.2%, 1.0%, 1.5%, 2.7%, 3.1%, 4.5% and 2.8%, respectively. COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Also, Egan-Jones Ratings Co and Moody's Investors Service downgraded Spain's ratings.
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As for the retail stocks, Costco Wholesale Corporation (NASDAQ: COST ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ), Expedia Inc (NASDAQ: EXPE ), Hibbett Sports, Inc. (NASDAQ: HIBB ), Macy's, Inc. (NYSE: M ) and Dillard's, Inc. (NYSE: DDS ) lost 1.2%, 1.0%, 1.5%, 2.7%, 3.1%, 4.5% and 2.8%, respectively. COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. For the yields on 12-month bonds, the nation had to shell out an interest rate of 3.972%, up from last month's 2.34%.
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As for the retail stocks, Costco Wholesale Corporation (NASDAQ: COST ), Wal-Mart Stores, Inc. (NYSE: WMT ), PriceSmart, Inc. (NASDAQ: PSMT ), Expedia Inc (NASDAQ: EXPE ), Hibbett Sports, Inc. (NASDAQ: HIBB ), Macy's, Inc. (NYSE: M ) and Dillard's, Inc. (NYSE: DDS ) lost 1.2%, 1.0%, 1.5%, 2.7%, 3.1%, 4.5% and 2.8%, respectively. COSTCO WHOLE CP (COST): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report EXPEDIA INC (EXPE): Free Stock Analysis Report HIBBET SPORTS (HIBB): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PRICESMART INC (PSMT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Cyprus also seems to be in need of a bailout and the nation's finance minister has said this was needed to support banks ahead of Greece's election.
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dde42237-b16e-4eab-abd2-ae434d8c8b85
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720116.0
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2012-05-31 00:00:00 UTC
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May Comps Rise at Macy's - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/may-comps-rise-at-macys-analyst-blog-2012-05-31
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nan
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nan
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Cincinnati, Ohio-based Macy's Inc. ( M ), one of the leading department store retailers in the U.S., posted strong same-store sales for the four-week period ended May 26, 2012, much better than the analyst's expectations. The increase in sales was attributable to My Macy's localization initiatives, omnichannel integration and robust online and brick and mortar sales.
The company stated that total sales of $2.02 billion for the month of May 2012, reflected an increase of 4.1% from $1.94 billion in the comparable prior-year period. Same-store sales rose 4.2% year over year for the month.
Management believes that the company gained momentum during the month on the back of successful implementation of its fundamental strategies, as well as the training of employees with a focus on customer satisfaction.
Year-to-date, Macy's sales jumped 4.3% to $8.16 billion compared with $7.83 billion in the same period last year. For the first seventeen weeks ended in 2012, Macy's same-store sales also increased 4.3% over the prior-year period.
Online sales, which include sales from macys.com and bloomingdales.com, continued to grow in May, surging 42.3% and on a year-to-date basis, online sales shot up 35.7% from the comparable period last year. The company seeks to expand both Macy's and Bloomingdale's brands online.
Macy's total sales grew 4.3% to $6.14 billion in the first-quarter 2012 from $5.89 billion in the prior-year period while same-store sales climbed 4.4%. The company currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
To Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
Therefore, we have a long-term Outperform recommendation on the stock. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Cincinnati, Ohio-based Macy's Inc. ( M ), one of the leading department store retailers in the U.S., posted strong same-store sales for the four-week period ended May 26, 2012, much better than the analyst's expectations.
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However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. The company stated that total sales of $2.02 billion for the month of May 2012, reflected an increase of 4.1% from $1.94 billion in the comparable prior-year period.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. Online sales, which include sales from macys.com and bloomingdales.com, continued to grow in May, surging 42.3% and on a year-to-date basis, online sales shot up 35.7% from the comparable period last year.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), carries a Zacks #3 Rank that translates into a short-term Hold rating. The company stated that total sales of $2.02 billion for the month of May 2012, reflected an increase of 4.1% from $1.94 billion in the comparable prior-year period.
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eca7f94e-9e57-4b3d-bb87-9c73b7c58fd4
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720117.0
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2012-05-22 00:00:00 UTC
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Bon-Ton's Loss Widens, Outlook Cut - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/bon-tons-loss-widens-outlook-cut-analyst-blog-2012-05-22
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nan
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nan
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Bon-Ton Stores Inc ( BONT ) reported adjusted loss of $2.18 in the first quarter of 2012, well below the Zacks Consensus Estimate of break-even. The lower-than-expected results were due to sluggish sales and margin contraction.
On a reported basis, including gain from sale of property and severance cost, the company posted a loss of $2.23 per share, much wider than the loss of $2.01 per share in the year-ago quarter.
Total revenue of the departmental store chain fell 1.3% year over year to $640.8 million in the reported quarter, attributable to a 1.3% drop in the same-store sales. The comps suffered due to weak performance of categories like moderate traditional ladies sportswear, ladies outerwear and juniors.
Gross margin in the quarter contracted 120 basis points (bps) to 34.3%, attributed to increased net markdowns rate. EBITDA of the company also plunged $18.3 million to $4.8 million in the reported quarter.
Selling, general and administrative expenses, as a percentage of revenue, jumped 140 bps to 35.6% in the quarter, attributed to higher store, marketing, insurance and severance costs, partially offset by the profit from the sale of certain property.
Financial Position
Bon-Ton ended the quarter with cash and cash equivalents of $14.3 million, shareholders' equity of $91.8 million and long-term debt of $872.7 million.
Outlook
Bon-Ton, headquartered in York, Pennsylvania and Milwaukee, Wisconsin, trimmed its outlook for 2012. The company expects earnings in the range of loss of 95 cents per share to a profit 50 cents per share, down from its prior outlook of a profit of 15 cents to 75 cents per share and EBITDA is expected between $160 million and $190 million, below the previous guidance of $180 million-$200 million. Comparable store sales are estimated to be in the range of negative 1.5% to positive 1.0%, lower than the earlier estimate of positive 1% to 2%.
Our Take
The company reported disappointing results and also reduced its outlook. Hence, we expect a downward movement in estimates over the coming days. The Zacks Consensus Estimate is currently pegged at 13 cents for 2012 and a loss of 15 cents for 2013.
However, Bon-Ton is taking host of initiatives like shifting to profitable mix, increased focus on smaller market, cost saving efforts, expansion of updated merchandise and enhancement of marketing program to drive performance of the company.
Bon-Ton, which competes with companies like Dillard's Inc. ( DDS ), currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We also maintain our long-term Neutral recommendation on the stock.
BON-TON STORES (BONT): 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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Bon-Ton, which competes with companies like Dillard's Inc. ( DDS ), currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Gross margin in the quarter contracted 120 basis points (bps) to 34.3%, attributed to increased net markdowns rate.
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BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Bon-Ton, which competes with companies like Dillard's Inc. ( DDS ), currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. Gross margin in the quarter contracted 120 basis points (bps) to 34.3%, attributed to increased net markdowns rate.
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Bon-Ton, which competes with companies like Dillard's Inc. ( DDS ), currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, including gain from sale of property and severance cost, the company posted a loss of $2.23 per share, much wider than the loss of $2.01 per share in the year-ago quarter.
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BON-TON STORES (BONT): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report To read this article on Zacks.com click here. Bon-Ton, which competes with companies like Dillard's Inc. ( DDS ), currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. Selling, general and administrative expenses, as a percentage of revenue, jumped 140 bps to 35.6% in the quarter, attributed to higher store, marketing, insurance and severance costs, partially offset by the profit from the sale of certain property.
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84bcf248-e560-4e01-9d77-c99bb939a743
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720118.0
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2012-05-11 00:00:00 UTC
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Dillard’s Shares Rise as Q1 Earnings Easily Beat View (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-shares-rise-q1-earnings-easily-beat-view-dds-2012-05-11
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nan
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nan
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Thursday posted a 24% gain in first quarter earnings, easily topping analyst estimates and sending its shares higher in aftermarket trading.
The Little Rock, AR-based company reported first quarter net income of $95 million, or $1.89 per share, compared with $76.7 million, or $1.31 per share, in the year-ago period.
On average, Wall Street analysts expected a much smaller profit of $1.67 per share.
Revenue rose 5% from last year to $1.55 billion, while same-store sales also rose 5%.
Dillard's shares rose $3.81, or +5.8%, in premarket trading Friday.
The Bottom Line
Shares of Dillard's ( DDS ) have a .30% dividend yield, based on last night's closing stock price of $66.19. The stock has technical support in the $60 price area. The shares are trading at all-time highs.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Thursday posted a 24% gain in first quarter earnings, easily topping analyst estimates and sending its shares higher in aftermarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .30% dividend yield, based on last night's closing stock price of $66.19. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Thursday posted a 24% gain in first quarter earnings, easily topping analyst estimates and sending its shares higher in aftermarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .30% dividend yield, based on last night's closing stock price of $66.19. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Thursday posted a 24% gain in first quarter earnings, easily topping analyst estimates and sending its shares higher in aftermarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .30% dividend yield, based on last night's closing stock price of $66.19. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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The Bottom Line Shares of Dillard's ( DDS ) have a .30% dividend yield, based on last night's closing stock price of $66.19. Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Thursday posted a 24% gain in first quarter earnings, easily topping analyst estimates and sending its shares higher in aftermarket trading. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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9239d19f-79ac-45da-a521-6c4c440e3480
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720119.0
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2012-05-11 00:00:00 UTC
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Market Wrap-Up for May 11 (JPM, C, VZ, GS, T, WMT, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-may-11-jpm-c-vz-gs-t-wmt-more-2012-05-11
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nan
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nan
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Troubling news of a $2 billion trading loss out of JP Morgan ( JPM ) last evening had futures tumbling overnight, but the markets were able to stave off much of the bigger selling some may have been expecting. Part of the climb off the lows may have been bottom-fishing in the financials, but we would be careful putting much money in the financials at this point. We have limited exposure to the financials on our "Best Dividend Stocks" list.
Looking at today's main stock movers, following the dip in JP Morgan's ( JPM ), other financials like Morgan Stanley ( MS ), Citigroup ( C ), and Goldman Sachs ( GS ) had trouble attracting much investor interest. We did however see investor buying in shares of Verizon ( VZ ) and AT&T ( T ), with both catching Wall Street analyst upgrades this morning. Retailer Dillard's ( DDS ) hit all-time highs following the company's earnings results, but shares of fellow retailer Nordstrom Inc. ( JWN ) closed lower following their latest quarterly results.
You Know What's Really Hot Right Now?
As I keep a pulse on the latest trends that can affect our business here at Dividend.com, it's amazing to hear how many different "flavor of the day" platforms/ideas/"pivots" are out there.
"If you own a business, you can't afford to not be doing social media"
"You must have an app for that"
"You should start an internet radio show or Ustream"
"Forget the web, it's all about mobile"
That's not to say that some of the tools mentioned above aren't useful to some companies. It's just that the start-ups selling these services have the media wrapped around their fingers with all the latest (and costly) gimmicks that companies should be putting their money into. The race for more consumer "eyeballs" reminds me of the mania sweeping the business world back in the late 90′s. "Forget revenue, we can monetize later or just sell to one of the big players and let them worry about it." Once again, the dizzying amount of trends keep popping up on a daily basis. Much of the money spent on trying to catch up will be flushed down the toilet, as is usually the case. By the time a company builds a certain app, it will already be passe and quickly replaced by the next must-have corporate marketing weapon.
Sure, sometimes certain companies pop up and disrupt old industries. It happens, but not as much as the business media will have you believe.
Despite the hype, one thing can never be overlooked for too long, and that is making money!
How Does This Affect Investors?
There will be winners and losers when it comes to companies that maneuver in the right direction, but at the end of the day, placing big bets on the next great industry or company requires profits. There are times in the market where analysts will be able to convince investors that paying top dollar for growth will work when it comes to the names you own in your portfolio. However, those periods tend to be short and any hesitation on an investor's part to take action (buying or selling) is the difference between nerve-racking gains and painful losses.
For dividend investors, the biggest concern should be to look at businesses that can sustain their models through any of these cycles. This is what we are focused on every day here on Dividend.com. We are seeing "value" plays getting destroyed one at a time, and we are doing our best to keep investors away from companies that are going to be unable to respond well going forward.
You can certainly try and play on the fast track with all the hot money that races in and out of the daily action, or you can just avoid all the volatility and look to pick at names steadily that continue to produce consistent income for years to come. As a former trader, I can tell you, the competition for those daily dollars is fierce and not worth sacrificing the prospect of compound interest from wealth-generating assets (dividend stocks) that throw off income year after year.
Our Beat The Markets with Dividend Stocks eBook Has Arrived!
We just debuted our brand new 275-page eBook, exclusively on Dividend.com! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Dividend.com Premium subscribers.
Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It's a great way to get prepared for your investing next year! So head over to the Dividend.com Premium homepage now to download your copy.
A Look to Next Week and a Weekend Preview
Looking ahead to next week, earnings will continue to pile in, with reports from the likes of Home Depot ( HD ), Wal-Mart ( WMT ), and Target ( TGT ), just to name a few.
Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List .
Thanks for reading, and I'll see you this weekend! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in thefinancial newsloop that could affect them.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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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Retailer Dillard's ( DDS ) hit all-time highs following the company's earnings results, but shares of fellow retailer Nordstrom Inc. ( JWN ) closed lower following their latest quarterly results. Troubling news of a $2 billion trading loss out of JP Morgan ( JPM ) last evening had futures tumbling overnight, but the markets were able to stave off much of the bigger selling some may have been expecting. However, those periods tend to be short and any hesitation on an investor's part to take action (buying or selling) is the difference between nerve-racking gains and painful losses.
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Retailer Dillard's ( DDS ) hit all-time highs following the company's earnings results, but shares of fellow retailer Nordstrom Inc. ( JWN ) closed lower following their latest quarterly results. Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. 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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Retailer Dillard's ( DDS ) hit all-time highs following the company's earnings results, but shares of fellow retailer Nordstrom Inc. ( JWN ) closed lower following their latest quarterly results. As a former trader, I can tell you, the competition for those daily dollars is fierce and not worth sacrificing the prospect of compound interest from wealth-generating assets (dividend stocks) that throw off income year after year. Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there.
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Retailer Dillard's ( DDS ) hit all-time highs following the company's earnings results, but shares of fellow retailer Nordstrom Inc. ( JWN ) closed lower following their latest quarterly results. It happens, but not as much as the business media will have you believe. How Does This Affect Investors?
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a714e603-ae64-4b66-951a-e638d92f191b
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720120.0
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2012-05-07 00:00:00 UTC
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Macy's Sales Lose Momentum - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-sales-lose-momentum-analyst-blog-2012-05-07
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nan
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nan
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Macy's Inc. ( M ) has been trying every means to keep itself on the growth trajectory in an economy, which is gradually making its way out of the woods. The comparable-store sales for the month of April did lose momentum, but managed to record a marginal increase. The sales also came below analysts' expectations.
The leading department store retailer in the U.S. saw its comparable-store sales rising 1.2% in April 2012, following an increase of 7.3% in March 2012 and compared with a massive growth of 10.8% in April 2011.
Cincinnati, Ohio-based Macy's said that its total sales for the four-week period ended April 28, 2012, inched up 0.4% to $1,928 million from $1,920 million in the same month last year.
April sales were anticipated to be softer than March on account of the shift in Easter and the cosmetic event to the latter month from April in the prior year. Moreover, the timing of Mother's Day in the later part of May also proved unfavorable for April sales.
However, comparable-store sales for the combined March and April period jumped 4.4%, which dovetailed with the company's guidance range of 4.3% to 4.5%. Notably, the guidance was raised from a range of 3% to 3.5% on April 5.
Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in April, soaring 29.9%. The company seeks to expand both Macy's and Bloomingdale's brands online.
Macy's also declared its sales data for the first quarter of 2012. Sales for the quarter increased 4.4% to $6,147 million from $5,889 million reported in the prior-year quarter. Comparable-store sales also registered a growth of 4.4%. Online sales for the quarter surged 33.7%. The company will come out with its full-fledged earnings results on May 9. The current Zacks Consensus Estimate for the quarter under review is 39 cents a share.
Let's Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
Currently, we have a long-term 'Neutral' recommendation on the stock. However, Macy's holds a Zacks #1 Rank that translates into a short-term 'Strong Buy' rating.
DILLARDS INC-A (DDS): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in April, soaring 29.9%.
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DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The leading department store retailer in the U.S. saw its comparable-store sales rising 1.2% in April 2012, following an increase of 7.3% in March 2012 and compared with a massive growth of 10.8% in April 2011.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A (DDS): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. However, comparable-store sales for the combined March and April period jumped 4.4%, which dovetailed with the company's guidance range of 4.3% to 4.5%.
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e5d78195-c5ca-48d2-b28a-23080738bead
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720121.0
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2012-04-25 00:00:00 UTC
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Macy's Adds One More in Sarasota - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-adds-one-more-in-sarasota-analyst-blog-2012-04-25
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nan
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nan
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Macy's Inc. ( M ), the leading click & mortar retailer in the U.S., plans to open a new store in Sarasota, Florida in fall 2014 to expand its operational roots in the region.
The new store will offer the residents of Sarasota an additional avenue to own Macy's wide range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Management stated that the planned 160,000-square-foot store will employ 175 associates. Macy's currently operates through 3 locations in Sarasota.
Macy's sustained focus on price optimization, inventory management, merchandise planning and private label offering, positions it well to drive traffic, meet customer-oriented demand and improve the in-store shopping experience.
Macy's comparable-store sales rose 7.3% in March 2012, following an increase of 4.6% in February 2012 compared with a marginal growth of 0.9% in March 2011. As per the company, total sales for March grew 6.9% to $2,358 million from $2,206 million in the same month last year. The company expects comparable-store sales growth of about 3.5% for fiscal 2012.
Buoyed by better-than-expected March sales results, management hinted that comparable-store sales for the combined March and April period is expected to rise between 4.3% and 4.5%, up from 3% to 3.5% projected earlier. The guidance considers comps growth of 1% to 1.3% expected for the month of April.
Macy's also announced that sales for the month of April are likely to be softer than March due to rush in shops on account of early Easter and a shift in the cosmetic event. Moreover, Mother's Day in the later part of May will also prove unfavorable for April sales.
Macy's, which competes with J. C. Penney Company Inc . ( JCP ), Dillard's Inc . ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guamand Puerto Rico.
Currently, we have a long-term Neutral rating on the stock. However, Macy's holds a Zacks #1 Rank that translates into a short-term Strong Buy rating.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
SAKS INC ( SKS ): 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 ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guamand Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. The new store will offer the residents of Sarasota an additional avenue to own Macy's wide range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guamand Puerto Rico. The company expects comparable-store sales growth of about 3.5% for fiscal 2012.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guamand Puerto Rico. Macy's comparable-store sales rose 7.3% in March 2012, following an increase of 4.6% in February 2012 compared with a marginal growth of 0.9% in March 2011.
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( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guamand Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Management stated that the planned 160,000-square-foot store will employ 175 associates.
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41c69f92-c39b-40b7-b21d-a3bcd35d9239
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720122.0
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2012-04-16 00:00:00 UTC
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Dillard's Modifies Credit Facility - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-modifies-credit-facility-analyst-blog-2012-04-16
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nan
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nan
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Dillard's Inc. ( DDS ), one of the leading fashion apparel, cosmetics and home furnishings retailer in the U.S., has recently modified its old $1.0 billion senior secured revolving credit facility, which expired on December 12, 2012.
The amended revolving credit facility, financed by a consortium of investment bankers JP Morgan Securities LLC, a division of JPMorgan Chase & Company ( JPM ) and Wells Fargo Capital Finance LLC, a division of Wells Fargo & Company ( WFC ), now have a maturity date of April 11, 2017. The new credit line facility will facilitate the company to borrow more funds at the same level of inventory pledged.
The old credit line facility, which expires on December 12, 2012, has a maximum access of 85% of inventory amount. Interest rate applicable on the borrowing amount was either JP Morgan Base Rate minus 0.5% or LIBOR plus 1%. Moreover, Dillard's usually pays a commitment fee of 0.25% on committed amount less outstanding borrowings.
Under a revolving credit facility, a company is eligible to borrow again once it repays all dues under the old credit facility. The company may utilize this fund for general corporate purposes, including repayment of outstanding commercial papers, working capital and capital investment or acquisitions.
Prior to this on February 29, 2012, Dillard's board of directors approved a new $250 million share repurchase program, which reflects the company's sound financial position and well-defined future prospects.
Dillard's has always been committed to create value for its shareholders by returning capital in the form of dividends and share repurchase program. To improve shareholders' wealth, the company will repurchase shares from time to time depending on market conditions. These strategies will enhance shareholders' return while boosting the market value of the stock.
Our Recommendation
Based in Little Rock, Arkansas, Dillard's is a large departmental store chain, featuring fashion apparel and home furnishings in the United States.
The company is now contemplating on inventory management by focusing on purchasing activities and ensuring that the timing of receipts remains in sync with demand, resulting in reduced markdowns.
Moreover, Dillard's has recently taken a revolutionary step to enhance its liquidity position by forming a real estate investment trust company, which will open the avenues of debt and equity markets. Moreover, the company has also formed a wholly-owned captive insurance company, which will enable it to manage its risks more efficiently and provide access to more reinsurance markets. Further,Dillard's healthy cash flow and balance sheet will allow it to make shareholder friendly moves, including acquisitions, dividends, and share repurchases.
However, Dillard's operates its retail merchandise business under highly competitive conditions. Although, it is a large regional department store, the company has many competitors at the national level that compete with its individual stores, including specialty, off-price, discount, Internet and mail-order retailers such as Kohl's Corporation ( KSS ) and Macy's Inc. ( M ). If the company is unable to maintain its competitive position, it could experience downward pressure on prices, lower demand for products, reduced margins, and inability to take advantage of new business opportunities as well as loss of market share.
We retain a long-term 'Outperform' recommendation on Dillard's.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
JPMORGAN CHASE ( JPM ): Free Stock Analysis Report
KOHLS CORP ( KSS ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
WELLS FARGO-NEW ( WFC ): 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 ), one of the leading fashion apparel, cosmetics and home furnishings retailer in the U.S., has recently modified its old $1.0 billion senior secured revolving credit facility, which expired on December 12, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report WELLS FARGO-NEW ( WFC ): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Dillard's has recently taken a revolutionary step to enhance its liquidity position by forming a real estate investment trust company, which will open the avenues of debt and equity markets.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report WELLS FARGO-NEW ( WFC ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), one of the leading fashion apparel, cosmetics and home furnishings retailer in the U.S., has recently modified its old $1.0 billion senior secured revolving credit facility, which expired on December 12, 2012. The amended revolving credit facility, financed by a consortium of investment bankers JP Morgan Securities LLC, a division of JPMorgan Chase & Company ( JPM ) and Wells Fargo Capital Finance LLC, a division of Wells Fargo & Company ( WFC ), now have a maturity date of April 11, 2017.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report WELLS FARGO-NEW ( WFC ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), one of the leading fashion apparel, cosmetics and home furnishings retailer in the U.S., has recently modified its old $1.0 billion senior secured revolving credit facility, which expired on December 12, 2012. The amended revolving credit facility, financed by a consortium of investment bankers JP Morgan Securities LLC, a division of JPMorgan Chase & Company ( JPM ) and Wells Fargo Capital Finance LLC, a division of Wells Fargo & Company ( WFC ), now have a maturity date of April 11, 2017.
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Dillard's Inc. ( DDS ), one of the leading fashion apparel, cosmetics and home furnishings retailer in the U.S., has recently modified its old $1.0 billion senior secured revolving credit facility, which expired on December 12, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report WELLS FARGO-NEW ( WFC ): Free Stock Analysis Report To read this article on Zacks.com click here. Under a revolving credit facility, a company is eligible to borrow again once it repays all dues under the old credit facility.
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ec91092a-c238-4046-8462-9315f1f01ae8
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720123.0
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2012-04-09 00:00:00 UTC
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Macy's Sales Ups - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-sales-ups-analyst-blog-2012-04-09
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nan
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nan
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Macy's Inc. 's ( M ) relentless endeavors to keep itself on the growth trajectory have paid off well in an economy, which is gradually making its way out of the woods. The company has been moving on and keeping its upbeat note, as evident from the healthy sales results for the five-week period ended March 31, 2012.
The leading department store retailer in the U.S. saw its comparable-store sales rising 7.3% in March 2012, following an increase of 4.6% in February 2012 and compared with a marginal growth of 0.9% in March 2011.
Cincinnati, Ohio-based Macy's said that its total sales for March grew 6.9% to $2,358 million from $2,206 million in the same month last year.
Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in March, soaring 39%. The company seeks to expand both Macy's and Bloomingdale's brands online.
As of March 31, 2012, comparable-store sales climbed 6.1%, whereas total sales rose 6.3% to $4,218 million from $3,969 million in the same period last year. Online sales surged 35.6% during the period.
Macy's hinted that comparable-store sales benefitted from early Easter and a calendar shift in a cosmetics show to March this year compared to April in the prior year.
Buoyed by better-than-expected March sales results, management hinted that comparable-store sales for the combined March and April period is expected to rise between 4.3% and 4.5%, up from 3% to 3.5% projected earlier. The guidance considers comps growth of 1% to 1.3% expected for the month of April.
Macy's also informed that sales for the month of April are likely to be softer than March due to rush in shops in March on account of early Easter and a shift in the cosmetic event. Moreover, Mother's Day in the later part of May will also prove unfavorable for April sales.
Let's Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
Currently, we have a long-term 'Outperform' rating on the stock. However, Macy's holds a Zacks #3 Rank that translates into a short-term 'Hold' rating, and defines the weaker sales expectation for the month of April.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
SAKS INC ( SKS ): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. In an attempt to increase sales, profitability and cash flow, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Macy's hinted that comparable-store sales benefitted from early Easter and a calendar shift in a cosmetics show to March this year compared to April in the prior year.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Buoyed by better-than-expected March sales results, management hinted that comparable-store sales for the combined March and April period is expected to rise between 4.3% and 4.5%, up from 3% to 3.5% projected earlier.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) ,Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Online sales surged 35.6% during the period.
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17a7764c-4090-4064-999d-ee2234401705
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720124.0
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2012-03-06 00:00:00 UTC
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Zacks' Voice of the People highlights opportunities with The Merrill Lynch Retail HOLDRS ETF, Dillard's and Macy's - Press Releases
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DDS
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https://www.nasdaq.com/articles/zacks-voice-of-the-people-highlights-opportunities-with-the-merrill-lynch-retail-holdrs
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nan
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nan
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For Immediate Release
Chicago, IL - 03/06/2012 - Zacks highlights commentary from People and Picks Trader " inthemoneystocks " .
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Retail Strong But At Warning Level
Regardless of the market weakness today, retail is doing well. The Merrill Lynch Retail HOLDRS ETF ( RTH ) is trading at $40.00, +0.04 (+0.10%). This is one of the most extended sectors in the market but still showing strength.
Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. Retail has done well as economic news from the United States has been very strong. Anticipation of strong retail spending has propelled these stocks to multi year highs.
Based on current analysis, most of these plays are overbought. Any hiccup in economic news could send these stocks south very quickly. The key this week will be to watch the Non Farm Payrolls on Friday. Should these numbers disappoint, watch for retail to get weak quickly.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 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! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958 .
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock
People & Picks Manager
Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
Visit: www.Zacks.com
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
MACYS INC ( M ): 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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Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results.
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Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. About the Zacks Community In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members.
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Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. To learn more about People And Picks, visit http://at.zacks.com/?id=5957 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks.
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Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Retail Strong But At Warning Level Regardless of the market weakness today, retail is doing well.
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316220ce-8ad0-42e8-b6ac-04239876cf62
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720125.0
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2012-03-05 00:00:00 UTC
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Retail Strong But At Warning Level - Voice of the People
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DDS
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https://www.nasdaq.com/articles/retail-strong-warning-level-voice-people-2012-03-05
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nan
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Zacks highlights commentary from People and Picks Member «inthemoneystocks».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Featured Post
Retail Strong But At Warning Level
Regardless of the market weakness today, retail is doing well. The Merrill Lynch Retail HOLDRS ETF ( RTH ) is trading at $40.00, +0.04 (+0.10%). This is one of the most extended sectors in the market but still showing strength.
Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. Retail has done well as economic news from the United States has been very strong. Anticipation of strong retail spending has propelled these stocks to multi year highs.
Based on current analysis, most of these plays are overbought. Any hiccup in economic news could send these stocks south very quickly. The key this week will be to watch the Non Farm Payrolls on Friday. Should these numbers disappoint, watch for retail to get weak quickly.
Gareth Soloway
InTheMoneyStocks.com
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870
Follow us on Twitter: http://www.twitter.com/PeopleAndPicks
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 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! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867 .
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
MACYS INC ( M ): 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 like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. As a PhD in mathematics Len knew he could find patterns instock market datathat would lead to superior investment results.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. Gareth Soloway InTheMoneyStocks.com About the Zacks Community In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. To learn more about People And Picks, visit http://at.zacks.com/?id=7870 Follow us on Twitter: http://www.twitter.com/PeopleAndPicks About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks.
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Stocks like Dillard's, Inc. ( DDS ) and Macy's, Inc. ( M ) are higher today and still trading at or near 52 week highs. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. To learn more about People And Picks, visit http://at.zacks.com/?id=7870 Follow us on Twitter: http://www.twitter.com/PeopleAndPicks About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks.
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c6f274c8-50ad-4fc7-a31a-7ee1d8e292e8
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720126.0
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2012-03-02 00:00:00 UTC
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Macy's Sales Rise - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-sales-rise-analyst-blog-2012-03-02
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nan
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nan
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Macy's Inc. 's ( M ) relentless pursuit to keep itself on the growth trajectory have paid off well in an economy, which is gradually making its way out of the woods. The company has been moving on and keeping its upbeat note, as evident from the healthy sales results for the four-week period ended February 25, 2012.
The leading department store retailer in the U.S. saw its comparable-store sales rising 4.6% in February 2012, following an increase of 2.4% registered in January 2012 and 5.8% in February 2011.
Cincinnati, Ohio-based Macy's said that its total sales for February grew 5.5% to $1,860 million from $1,763 million in the same month last year. Apparel, accessories, shoes and cosmetics continues to show robust trends.
Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in February, soaring 31.3%. The company seeks to expand both Macy's and Bloomingdale's brands online.
Macy's hinted that comparable-store sales for the combined March and April period are expected to rise between 3% and 3.5%. With the pre-Easter period falling in March 2012, instead of April, as in the last year, the sales are expected to remain healthy in the month of March.
Consumer Confidence on High
Consumers seem to have gained confidence this year, and are opening their wallets, which led to a surge in sales at stores in February. Conference Board data suggests that Consumer Confidence Index rose to 70.8 in February 2012 from 61.5 in January, the highest level attained since February 2011, when the index touched 70.4.
The U.S. economy is showing some signs of resurrection, as evident from an improving job market, fall in the count of Americans claiming unemployment benefits and boost in consumer spending, which represents over 70% of the economy.
The unemployment rate dropped to 8.3% in January 2012, the lowest figure attained since February 2009. Moreover, according to Labor Department, the number of people seeking unemployment benefit fell by 2,000 to 351,000.
Let's Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
These helped Macy's to post better-than-expected fourth-quarter 2011 results. The quarterly earnings of $1.70 per share outperformed the Zacks Consensus Estimate of $1.65, and rose 6.9% from $1.59 earned in the prior-year quarter buoyed by My Macy's localization initiatives, omnichannel integration and robust online sales.
Macy's said that total sales grew 5.5% to $8,724 million in the quarter, and comfortably surpassed the Zacks Consensus Estimate of $8,696 million.
The company's sound fundamentals across its Macy's and Bloomingdale's businesses, are mirrored through strong fourth quarter results and management believes that it will sustain the rhythm in 2012, as the year presents ample opportunities to enhance market share.
Currently, we have a long-term Outperform rating on the stock. Moreover, Macy's holds a Zacks #2 Rank that translates into a short-term Buy rating.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
SAKS INC ( SKS ): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. The quarterly earnings of $1.70 per share outperformed the Zacks Consensus Estimate of $1.65, and rose 6.9% from $1.59 earned in the prior-year quarter buoyed by My Macy's localization initiatives, omnichannel integration and robust online sales.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Cincinnati, Ohio-based Macy's said that its total sales for February grew 5.5% to $1,860 million from $1,763 million in the same month last year.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ), Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. The leading department store retailer in the U.S. saw its comparable-store sales rising 4.6% in February 2012, following an increase of 2.4% registered in January 2012 and 5.8% in February 2011.
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0b3542c6-64c0-49d6-b3ad-ad068d4b3786
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720127.0
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2012-03-01 00:00:00 UTC
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
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DDS
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https://www.nasdaq.com/articles/zacks-1-rank-additions-for-thursday-tale-of-the-tape-2012-03-01
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nan
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nan
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
Bankrate Inc ( RATE )
Cytec Industries ( CYT )
Dillard's Inc ( DDS )
Duff & Phelps ( DUF )
Eagle Materials ( EXP )
View the entire Zacks #1 Rank List .
CYTEC INDS INC ( CYT ): Free Stock Analysis Report
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
DUFF&PHELPS CP ( DUF ): Free Stock Analysis Report
EAGLE MATERIALS ( EXP ): Free Stock Analysis Report
BANKRATE INC ( RATE ): 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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bankrate Inc ( RATE ) Cytec Industries ( CYT ) Dillard's Inc ( DDS ) Duff & Phelps ( DUF ) Eagle Materials ( EXP ) View the entire Zacks #1 Rank List . CYTEC INDS INC ( CYT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report DUFF&PHELPS CP ( DUF ): Free Stock Analysis Report EAGLE MATERIALS ( EXP ): Free Stock Analysis Report BANKRATE INC ( RATE ): 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.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bankrate Inc ( RATE ) Cytec Industries ( CYT ) Dillard's Inc ( DDS ) Duff & Phelps ( DUF ) Eagle Materials ( EXP ) View the entire Zacks #1 Rank List . CYTEC INDS INC ( CYT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report DUFF&PHELPS CP ( DUF ): Free Stock Analysis Report EAGLE MATERIALS ( EXP ): Free Stock Analysis Report BANKRATE INC ( RATE ): 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.
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CYTEC INDS INC ( CYT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report DUFF&PHELPS CP ( DUF ): Free Stock Analysis Report EAGLE MATERIALS ( EXP ): Free Stock Analysis Report BANKRATE INC ( RATE ): 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. Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bankrate Inc ( RATE ) Cytec Industries ( CYT ) Dillard's Inc ( DDS ) Duff & Phelps ( DUF ) Eagle Materials ( EXP ) View the entire Zacks #1 Rank List .
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bankrate Inc ( RATE ) Cytec Industries ( CYT ) Dillard's Inc ( DDS ) Duff & Phelps ( DUF ) Eagle Materials ( EXP ) View the entire Zacks #1 Rank List . CYTEC INDS INC ( CYT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report DUFF&PHELPS CP ( DUF ): Free Stock Analysis Report EAGLE MATERIALS ( EXP ): Free Stock Analysis Report BANKRATE INC ( RATE ): 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.
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183931ef-8e78-49c0-9a05-d0b0fbb1a281
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720128.0
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2012-02-24 00:00:00 UTC
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Dillard's Makes Strong 2011 Exit - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-makes-strong-2011-exit-analyst-blog-2012-02-24
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nan
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, posted strong fourth-quarter and fiscal 2011 earnings results. Quarterly earnings of $2.21 per share outpaced the Zacks Consensus Estimate of $2.00 per share and prior-year quarter earnings of $1.55 per share. On a reported basis, including one-time items, Dillard's reported fourth-quarter earnings of $2.77 per share compared with the prior-year quarter's earnings of $1.75 per share.
For fiscal 2011, Dillard's earnings of $4.21 per share topped the Zacks Consensus Estimate of $4.06 per share and the prior fiscal year earnings of $2.43 per share. On a GAAP basis, including one-time items, the company's yearly earnings came in at $8.52 per share compared with $2.67 per share in the prior- year period.
Sales & Comps
In the fourth quarter, Dillard's top line (including CDI Contractors LLC or CDI) inched up 1.9% to $1,970 million from $1,934 million in the year-ago quarter. Merchandise sales, excluding CDI, came in at $1,946 million compared with $1,912 million in the year-ago quarter. The company's total revenue (including other income) of $2,009.4 million outpaced the Zacks Consensus Estimate of $1,972 million.
Dillard's net sales (including CDI Contractors LLC or CDI) inched up 2.3% to $6,263.6 million for fiscal 2011 from $6,121 million in the prior year. Merchandise sales, excluding CDI, came in at $6,194 million compared with $6,020 million last year. The company's total annual revenue (including other income) of $6,399.8 million was above the Zacks Consensus Estimate of $6,265 million.
Comparable store sales (comps) growth for the fourth quarter was 3%, while full-year comps were up 4%.
Operating Results
During the quarter, both gross margin from retail operations (excluding CDI) and consolidated gross margin (including CDI) contracted 10 basis points from the year-ago quarter to 34.4% and 34.0%, respectively. For fiscal 2011, gross margin from retail operations improved 30 basis points from last year to 35.9%, while consolidated gross margin recorded an improvement of 50 basis points to 35.5%.
Dillard's operating expenses for the quarter declined marginally to $440.8 million from $441.6 million in the prior-year quarter. Consequently, operating expenses as a percentage of sales contracted 40 basis points to 22.4% in the fourth quarter.
In fiscal 2011, the company's operating expenses climbed $5.1 million from last year to $1,630.9 million. However, as percentage of sales, it declined 60 basis points to 26.0%.
Other Financial Details
Dillard's ended fiscal 2011 with cash and cash equivalents of $224.3 million compared with $343.3 million in the prior fiscal year. At year-end, the company's long-term debt and capital leases (including current portion) declined to $623.9 million from $708.6 million at year-end 2010. In fiscal 2011, net cash flow from operations came in at $501.1 million.
During the fourth quarter, Dillard's bought back nearly 2.1 million shares worth $98.8 million, brining the full-year share repurchases to 11.4 million shares for an aggregate of $491.1 million. As of the year-end 2011, the company had nearly $27.5 million worth authorization remaining under its $250 million share repurchase program.
Store Update
Dillard's closed fiscal 2011 with stores operating in 288 Dillard's locations and 16 clearance centers spanning 29 states and an Internet store at www.dillards.com. Total square footage as of the year-end was 52.7 million.
Based in Little Rock, Arkansas, Dillard's Inc. is a large departmental store chain, featuring fashion apparel and home furnishings in the United States.
The company's primary competitor Macy's Inc. ( M ) reported better-than-expected fourth-quarter and fiscal 2011 results on the back of strong holiday season sales, improved operating margin, and effective cost management. The quarterly earnings of $1.70 per share outshined the Zacks Consensus Estimate of $1.65, and rose 6.9% from $1.59 earned in the prior-year quarter. The company's fiscal 2011 earnings registered a growth of 36.5% to $2.88 per share, and came ahead of Zacks Consensus Estimate of $2.82.
Dillard's shares maintain a Zacks #3 Rank, which translates into a short-term 'Hold' rating. Our long-term recommendation on the stock remains 'Outperform'.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
MACYS INC ( M ): 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 ), a leading fashion apparel, cosmetics and home furnishings retailer, posted strong fourth-quarter and fiscal 2011 earnings results. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Based in Little Rock, Arkansas, Dillard's Inc. is a large departmental store chain, featuring fashion apparel and home furnishings in the United States.
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, posted strong fourth-quarter and fiscal 2011 earnings results. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, including one-time items, Dillard's reported fourth-quarter earnings of $2.77 per share compared with the prior-year quarter's earnings of $1.75 per share.
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, posted strong fourth-quarter and fiscal 2011 earnings results. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2011, Dillard's earnings of $4.21 per share topped the Zacks Consensus Estimate of $4.06 per share and the prior fiscal year earnings of $2.43 per share.
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Dillard's Inc. ( DDS ), a leading fashion apparel, cosmetics and home furnishings retailer, posted strong fourth-quarter and fiscal 2011 earnings results. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2011, Dillard's earnings of $4.21 per share topped the Zacks Consensus Estimate of $4.06 per share and the prior fiscal year earnings of $2.43 per share.
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c7316e23-fee1-498d-a0dc-158943c92652
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720129.0
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2012-02-23 00:00:00 UTC
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Market Wrap-Up for Feb.23 (HPQ, TGT, KSS, ADI, THI, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-feb23-hpq-tgt-kss-adi-thi-more-2012-02-23
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nan
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nan
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The markets continue to circle around the Dow 13K level as investors (and the media) root for the index to break through that big psychological barrier. Economic data was fairly quiet today, with the weekly jobless claims number coming in slightly better than expected.
Earnings took center stage today with a bevy of retailers reporting. Seeing positive investor sentiment were shares of Dillard's ( DDS ), Target ( TGT ) ( report here ) and Tim Horton's ( THI ). On the flipside, investors reacted negatively to results from Safeway ( SWY ) and Kohl's ( KSS ) ( full report here ). Also moving lower was shares of Hewlett Packard ( HPQ ) ( report here ). We did get a dividend increase from Kohl's as well as Analog Devices ( ADI ) ( more here ), which also reported earnings today.
Living to 100 Will Require Help from the Compound Interest Gods
Yesterday, Smart Money ran a piece highlighting data from the Bureau of Labor Statistics that estimated an American who lives to the age of 100 will spend $3.5 million in his or her lifetime. In fact, those in their 60′s spend more than older age groups, on everything from housing to clothes. The latest health statistics indicate the average 50 year-old today can expect to live until 81.
Here's an example of the beauty of compounding interest that dividend stocks can provide: Investing just $3,000 into dividend-paying stocks over the course of 5 years and re-investing the dividends over the course of 56 years will grow to over $1 million (based on historic 11% annual returns). Most people probably aren't thinking that far out, but consider the fact that we're talking about just a $3,000 total investment.
I can't stress enough the power of compound interest. You take a small amount of money and turn it into a large amount over time. Patience and consistency is required, but we all need to begin practicing some discipline if we are going to get the financial ship headed in the right direction.
About That Real Estate Data…
We heard a bit of positive chatter about the pick-up in existing home sales reported yesterday. While the uptick in sales volumes was a positive, the reality is that home prices also fell to their lowest levels in a decade. Distressed home sales, which includes homes in foreclosure and so-called "short sales" in which the home is sold for less than what is owed on the mortgage, made up 35% of sales in January.
These trends don't exactly indicate any sort of strength in the real estate market. If you just focused on yesterday's headline about sales volumes rising, however, you'd be inclined to think otherwise. I'm not here to beat up on real estate, but from an investment standpoint, I suggest folks look at homes only as places you want to live in. Only if real estate prices stabilize over the long term can a home purchase really be considered any sort of "investment."
The only proven investment tied to real estate are properties that throw off positive cash flow(multi-family buildings, office buildings, other commercial property). Most seasoned real estate investors look mainly at the cash flow when evaluating a property's investment potential. In some areas, you may see a premium added to the equation due to an expectation of price appreciation, but those are few and far between.
54% of Americans Have More in Emergency Savings Than Credit Card Debt
Bankrate just released results from a study that indicates Americans are beginning to save a bit more than they have in the past.
One key point that stood out was that high-income earners were the least likely to report more credit card debt than savings. It seems obvious that the more money you make, the less likely you will run into financial trouble, which is why I like to often write about the importance of career choices. When you understand what industries had the best earning potential, and what education and skills you should acquire to get those positions, you'll be set up for a strong financial foundation. In turn, that foundation allows you the comfort level to live well and invest. You can get by without a college education of course - just be prepared to work extremely hard to build up wealth over the long term.
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- Understanding their unique company structure
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- Why MLPs may not be suitable for retirement accounts
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- …and much more!
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25 Years of Dividend-Increasing Stocks
We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. Be sure to check out the latest list of names here .
Dividends Really Matter
Financial blog DailyReckoning.com recently took a look at the difference dividend payouts made in the overall return investors saw throughout the prior decades. Here are some of the highlights:
- The Nasdaq is down 28% since the end of 1999. Even the "blue chip" S&P 500 stocks are down 15% during that time frame…until you add back those "boring" dividends. With dividends included, the S&P 500′s 15% loss flips to a 6% gain.
- Without dividends, the S&P 500 index would have produced a loss for the 25 long years from August 1929 to August 1954. Then again, without dividends, the S&P 500 produced a 5% loss during the 13 years from September 1961 to September 1974. But with dividends included, the S&P's loss became a 46% gain.
- Over the course of the last half-century, dividends have contributed more than half of the stock market's total return - 56%, to be exact.
Of course, you can't discuss the potency of dividend investing without making mention of how awesome compound returns are. I can't stress enough the power of compound interest: you take a small amount of money and turn it into a large amount over time. Finding the right companies at the right price points which not only grow earnings, but also grow their dividend payouts as well!
New Watchlist Article Out Today
Be sure to check out our weekly Top 50 High-Yield Watchlist Names post that is out today, exclusively for Dividend.com Premium members. This list gives readers a good idea of what stocks we're watching behind the scenes here for potential upgrades.
Go Beyond This Newsletter
We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the "Big Three" benefits of our Premium service:
- The Best Dividend Stocks List is used by tens of thousands of investors to help build their own portfolios.
- Creating your own Watchlist allows you to track the performance, news, and upcoming dividend payouts of the particular stocks you care about.
- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a "Dividend Capture" trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.
We don't ask for a credit card to use our free trial, and we don't bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven't already subscribed!
Thanks for reading, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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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Seeing positive investor sentiment were shares of Dillard's ( DDS ), Target ( TGT ) ( report here ) and Tim Horton's ( THI ). The markets continue to circle around the Dow 13K level as investors (and the media) root for the index to break through that big psychological barrier. Economic data was fairly quiet today, with the weekly jobless claims number coming in slightly better than expected.
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Seeing positive investor sentiment were shares of Dillard's ( DDS ), Target ( TGT ) ( report here ) and Tim Horton's ( THI ). The only proven investment tied to real estate are properties that throw off positive cash flow(multi-family buildings, office buildings, other commercial property). I can't stress enough the power of compound interest: you take a small amount of money and turn it into a large amount over time.
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Seeing positive investor sentiment were shares of Dillard's ( DDS ), Target ( TGT ) ( report here ) and Tim Horton's ( THI ). Here's an example of the beauty of compounding interest that dividend stocks can provide: Investing just $3,000 into dividend-paying stocks over the course of 5 years and re-investing the dividends over the course of 56 years will grow to over $1 million (based on historic 11% annual returns). 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more.
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Seeing positive investor sentiment were shares of Dillard's ( DDS ), Target ( TGT ) ( report here ) and Tim Horton's ( THI ). In turn, that foundation allows you the comfort level to live well and invest. 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more.
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2012-02-21 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Macy's, Dillard's, Saks, Royal Caribbean Cruises and Carnival - Press Releases
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DDS
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-macys-dillards-saks-royal-caribbean-cruises-and
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nan
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For Immediate Release
Chicago, IL - February 21, 2012 - 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 Macy's, Inc. ( M ), Dillard's Inc. ( DDS ), Saks Incorporated ( SKS ), Royal Caribbean Cruises Ltd. ( RCL ) and Carnival Corporation's ( CCL ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
Earnings Preview: Macy's
Macy's, Inc. ( M ), one of the leading department store retailers in the United States, is scheduled to report its fourth quarter and fiscal 2011 financial results before the market opens on Tuesday, February 21, 2012.
The current Zacks Consensus Estimate for the quarter is $1.65 per share, which reflects growth of 3.8% from the prior-year quarter's earnings. Estimates currently range between a low of $1.64 and a high of $1.67 per share. The Zacks Consensus Estimate for revenue is at $8,700 million for the fourth quarter.
The Zacks Consensus Estimate for fiscal 2011 is $2.82 per share. Furthermore, analysts polled by Zacks expect full year revenue to be $26,391 million.
Recap of Third-Quarter 2011
Macy's posted third-quarter 2011 results that outpaced Zacks' expectations on the back of healthy sales, improved operating margin and effective cost management. Consequently, the company raised its full year earnings outlook.
The quarterly earnings of 32 cents per share outperformed the Zacks Consensus Estimate of 16 cents, and increased fourfold from 8 cents earned in the prior-year quarter, buoyed by My Macy's localization initiatives, omnichannel integration and robust online sales.
The Cincinnati, Ohio-based company said that total sales grew 4.1% to $5,853 million in the quarter from $5,623 million in the prior-year period. However, total revenue fell short of the Zacks Consensus Estimate of $5,882 million.
Comparable-store sales for the quarter climbed 4%, which met the lower end of the guidance range of 4% to 4.5%.
Zacks Agreement & Magnitude
Of the 15 analysts following the stock, six revised upward in the last 30 days for the fourth quarter of 2011, which led to an increase of 3 cents in the Zacks Consensus Estimate. For fiscal 2011, eight analysts moved up their estimates, also resulting in a rise of 3 cents in the Zacks Consensus Estimate. None of the analysts have made a downward revision to their estimates.
What Drives Estimate Revisions
Clearly, a positive sentiment is palpable among analysts, who remain optimistic about Macy's performance. Zacks Consensus Estimates have been on the rise with the majority of analysts remaining bullish on the stock.
Macy's said that sales for the fourth quarter rose 5.5% to $8,723 million, whereas for fiscal 2011 it climbed 5.6% to $26,404 million. Comparable-store sales climbed 5.2% and 5.3% for the fourth quarter and fiscal 2011, respectively. Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in the fourth quarter and fiscal 2011, soaring 40% and 39.6%, respectively.
The company went on to announce an increased earnings guidance, thereby further bolstering analysts' confidence in the stock, who tweaked their estimates to better align with management's projections.
Macy's now projects earnings in the range of $1.63 to $1.65 for the fourth quarter and between $2.81 and $2.83 for fiscal 2011. Management had earlier forecasted earnings between $1.55 and $1.60 for the fourth quarter and between $2.73 and $2.78 for the full year.
Positive Earnings Surprise History
With respect to earnings surprises, Macy's has topped the Zacks Consensus Estimate over the last four quarters in the range of 5.3% to 100%. The average remained at positive 47.3%.
To Conclude
The U.S. economy is still not out of the woods and the European debt-crisis continues to take its toll. Amid such an economic upheaval, Macy's has been moving on and keeping its upbeat note on the back of relentless endeavors to keep itself on a growth trajectory.
The company's sound fundamentals across its Macy's and Bloomingdale's business is mirrored through strong fourth quarter sales results. Management believes that it will sustain the tempo in 2012, as the year presents enormous opportunity to enhance market share.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term 'Outperform' rating on the stock. Moreover, Macy's holds a Zacks #1 Rank, which translates into a short-term 'Strong Buy' rating and correlates with our long-term view.
Royal Caribbean Downgraded
We recently downgraded our rating on Miami-based Royal Caribbean Cruises Ltd. ( RCL ) from Neutral to Underperform.
The second largest company in the cruise vacation industry was downgraded mainly based on a decline in bookings after the recent sinking of its peer Carnival Corporation's ( CCL ) ship and the expected increase in the cost structure.
We are a bit doubtful about the cruising sector in the near term after Carnival's ship Costa Concordia ran aground in mid-January on Italy's west coast. The disaster hit the industry in the wake of the wave season between January and March. The recent tragedy resulted in subdued bookings. Royal Caribbean's overall booking volumes in North America came down. In Europe, where the incident took place, the cut in bookings has been steeper. Business in APMEA was also down slightly. The company expects a 20% decline in new bookings during the peak of wave season.
The company made some changes related to the international distribution system and shifted some deployment for strategic purposes. This will have a positive impact on yields, but a negative effect on costs. Moreover, investment related to ship revitalization, international expansion and technology investments will drive yield improvements going forward but put pressure on cost structure at the current level.
While Royal Caribbean's new ships continue to perform well, going forward we expect them to cannibalize existing fleet sales, resulting in pressure on pricing as well as net yields.
Agreement - Estimate Revisions
Based on the above fundamentals, four out of 6 analysts' estimates moved southward over the last 30 days for the upcoming quarter. For fiscal 2012, all 10 analysts slashed their estimates.
Magnitude - Consensus Estimate Trend
Over the last 30 days, we noticed a drastic decline in estimates, which fell 18 cents for the upcoming quarter and 93 cents for fiscal 2012. The current Zacks Consensus Estimate for the third quarter and fiscal 2012 are pegged at 16 cents and $2.08, respectively.
Royal Caribbean currently retains a Zacks #5 Rank, which translates into a short-term 'Strong Sell' rating.
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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.
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CARNIVAL CORP ( CCL ): Free Stock Analysis Report
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
ROYAL CARIBBEAN ( RCL ): Free Stock Analysis Report
SAKS INC ( SKS ): 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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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Stocks recently featured in the blog include Macy's, Inc. ( M ), Dillard's Inc. ( DDS ), Saks Incorporated ( SKS ), Royal Caribbean Cruises Ltd. ( RCL ) and Carnival Corporation's ( CCL ). 9339 support@zacks.com http://www.zacks.com CARNIVAL CORP ( CCL ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROYAL CARIBBEAN ( RCL ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Macy's, Inc. ( M ), Dillard's Inc. ( DDS ), Saks Incorporated ( SKS ), Royal Caribbean Cruises Ltd. ( RCL ) and Carnival Corporation's ( CCL ). 9339 support@zacks.com http://www.zacks.com CARNIVAL CORP ( CCL ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROYAL CARIBBEAN ( RCL ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
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9339 support@zacks.com http://www.zacks.com CARNIVAL CORP ( CCL ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROYAL CARIBBEAN ( RCL ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Macy's, Inc. ( M ), Dillard's Inc. ( DDS ), Saks Incorporated ( SKS ), Royal Caribbean Cruises Ltd. ( RCL ) and Carnival Corporation's ( CCL ). Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
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Stocks recently featured in the blog include Macy's, Inc. ( M ), Dillard's Inc. ( DDS ), Saks Incorporated ( SKS ), Royal Caribbean Cruises Ltd. ( RCL ) and Carnival Corporation's ( CCL ). Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. 9339 support@zacks.com http://www.zacks.com CARNIVAL CORP ( CCL ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROYAL CARIBBEAN ( RCL ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here.
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720131.0
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2012-02-17 00:00:00 UTC
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Earnings Preview: Macy's - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/earnings-preview%3A-macys-analyst-blog-2012-02-17
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nan
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Macy's, Inc. ( M ), one of the leading department store retailers in the United States, is scheduled to report its fourth quarter and fiscal 2011 financial results before the market opens on Tuesday, February 21, 2012.
The current Zacks Consensus Estimate for the quarter is $1.65 per share, which reflects growth of 3.8% from the prior-year quarter's earnings. Estimates currently range between a low of $1.64 and a high of $1.67 per share. The Zacks Consensus Estimate for revenue is at $8,700 million for the fourth quarter.
The Zacks Consensus Estimate for fiscal 2011 is $2.82 per share. Furthermore, analysts polled by Zacks expect full year revenue to be $26,391 million.
Recap of Third-Quarter 2011
Macy's posted third-quarter 2011 results that outpaced Zacks' expectations on the back of healthy sales, improved operating margin and effective cost management. Consequently, the company raised its full year earnings outlook.
The quarterly earnings of 32 cents per share outperformed the Zacks Consensus Estimate of 16 cents, and increased fourfold from 8 cents earned in the prior-year quarter, buoyed by My Macy's localization initiatives, omnichannel integration and robust online sales.
The Cincinnati, Ohio-based company said that total sales grew 4.1% to $5,853 million in the quarter from $5,623 million in the prior-year period. However, total revenue fell short of the Zacks Consensus Estimate of $5,882 million.
Comparable-store sales for the quarter climbed 4%, which met the lower end of the guidance range of 4% to 4.5%.
Zacks Agreement & Magnitude
Of the 15 analysts following the stock, six revised upward in the last 30 days for the fourth quarter of 2011, which led to an increase of 3 cents in the Zacks Consensus Estimate. For fiscal 2011, eight analysts moved up their estimates, also resulting in a rise of 3 cents in the Zacks Consensus Estimate. None of the analysts have made a downward revision to their estimates.
What Drives Estimate Revisions
Clearly, a positive sentiment is palpable among analysts, who remain optimistic about Macy's performance. Zacks Consensus Estimates have been on the rise with the majority of analysts remaining bullish on the stock.
Macy's said that sales for the fourth quarter rose 5.5% to $8,723 million, whereas for fiscal 2011 it climbed 5.6% to $26,404 million. Comparable-store sales climbed 5.2% and 5.3% for the fourth quarter and fiscal 2011, respectively. Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in the fourth quarter and fiscal 2011, soaring 40% and 39.6%, respectively.
The company went on to announce an increased earnings guidance, thereby further bolstering analysts' confidence in the stock, who tweaked their estimates to better align with management's projections.
Macy's now projects earnings in the range of $1.63 to $1.65 for the fourth quarter and between $2.81 and $2.83 for fiscal 2011. Management had earlier forecasted earnings between $1.55 and $1.60 for the fourth quarter and between $2.73 and $2.78 for the full year.
Positive Earnings Surprise History
With respect to earnings surprises, Macy's has topped the Zacks Consensus Estimate over the last four quarters in the range of 5.3% to 100%. The average remained at positive 47.3%.
To Conclude
The U.S. economy is still not out of the woods and the European debt-crisis continues to take its toll. Amid such an economic upheaval, Macy's has been moving on and keeping its upbeat note on the back of relentless endeavors to keep itself on a growth trajectory.
The company's sound fundamentals across its Macy's and Bloomingdale's business is mirrored through strong fourth quarter sales results. Management believes that it will sustain the tempo in 2012, as the year presents enormous opportunity to enhance market share.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we have a long-term 'Outperform' rating on the stock. Moreover, Macy's holds a Zacks #1 Rank, which translates into a short-term 'Strong Buy' rating and correlates with our long-term view.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
SAKS INC ( SKS ): 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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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, Inc. ( M ), one of the leading department store retailers in the United States, is scheduled to report its fourth quarter and fiscal 2011 financial results before the market opens on Tuesday, February 21, 2012.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. The current Zacks Consensus Estimate for the quarter is $1.65 per share, which reflects growth of 3.8% from the prior-year quarter's earnings.
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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. The quarterly earnings of 32 cents per share outperformed the Zacks Consensus Estimate of 16 cents, and increased fourfold from 8 cents earned in the prior-year quarter, buoyed by My Macy's localization initiatives, omnichannel integration and robust online sales.
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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. The current Zacks Consensus Estimate for the quarter is $1.65 per share, which reflects growth of 3.8% from the prior-year quarter's earnings.
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2012-02-07 00:00:00 UTC
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Dillard's Posts Flat January Comps - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-posts-flat-january-comps-analyst-blog-2012-02-07
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nan
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Fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported total sales decline of 1% while comparable store sales remained flat year over year for the 27-day period ending on January 28, 2012. Total sales for the period plummeted to $363.5 million versus $366.4 million recorded in the comparable period last year.
Geographically, sales for the 27-day period dropped due to marginally below trend in the western region as well as significantly below trend in Central region. However, the company's Eastern region performance was flat year over year.
Product-wise, sales trends for shoes and home and furniture categories lived up to the company's expectations in the 27-day period. However, sales for men's apparel and accessories significantly missed expectations.
Fourth-Quarter 2011 Sales Performance
Dillard's total sales for the 13 week-period ended January 28, 2012 inched up 2% to $1,951.5 million compared with $1,914.6 million in the year-ago period. Comparable sales for the same period registered a year-over-year growth of 3%.
Fiscal 2011Sales Performance
For the 52 weeks ended January 28, 2012, the company's sales totaled $6,199.0 million, registering an increase of 3% from total sales of $6,020.3 million reported in the same period last year. Comparable store sales increased 4% for the 52-week period ended January 28, 2012.
This month's performance has broken Dillard's run of positive comps and sales growth since April 2011. Moreover, the company has also registered positive comparable and total sales growth in every quarter of fiscal 2011.
On the back of 2% growth in comparable sales for the first quarter of fiscal 2011, Dillard's earnings doubled to $1.31 per share. Similarly, the company's earnings reached 32 cents per share for second-quarter 2011, on the heels of 6% rise in comparable sales. The trend continued in the third quarter as well as earnings more than doubled to 50 cents per share primarily driven by a rise of 5% in comparable sales.
Peer Performance
Dillard's operates its retail merchandise business under highly competitive conditions. Despite being a large regional department store, the company has many competitors at the national level, who compete with the individual stores, including specialty, off-price, discount and Internet and mail-order retailers.
Among the company's peers, Kohl's Corporation ( KSS ) reported a marginal comparable sales growth of 0.6%, while net sales inched up 2.4% to $844 million during the five-week period ended January 28, 2012. Dillard's another competitor Ross Stores Inc. 's ( ROST ) comparable sales grew 5% and total sales surged 10% to $483 million compared with $441 million in prior-year period.
Our Take
We believe that the company's sales will improve in near term given its increased focus on online business. Dillard's has recently made a huge investment of $4 million in Acumen Brands, a Fayetteville, Arkansas-based ecommerce company.
As per the deal, Acumen Brands will provide technological marketing services which will boost Dillard's brand online. Further, the company has also announced to open a new Internet Fulfillment Center in Maumelle, Arkansas, in spring 2012.
We believe that the company benefits from its improvements in inventory management, focusing on more conservative purchasing and efforts to better match the timing of receipts with demand, ultimately resulting in reduced markdowns.
Dillard's has recently taken a revolutionary step to boost its liquidity position by forming a real estate investment trust company, which will open the avenues for debt and equity markets. Moreover, the company has also formed a wholly-owned captive insurance company, which we believe will enable it to manage its risks more efficiently while providing access to more reinsurance markets.
Dillard's shares maintain a Zacks #3 Rank, which translates into a short-term Hold rating. Our long-term recommendation on the stock remains Outperform.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
KOHLS CORP ( KSS ): Free Stock Analysis Report
ROSS STORES ( ROST ): 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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Fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported total sales decline of 1% while comparable store sales remained flat year over year for the 27-day period ending on January 28, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report To read this article on Zacks.com click here. The trend continued in the third quarter as well as earnings more than doubled to 50 cents per share primarily driven by a rise of 5% in comparable sales.
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Fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported total sales decline of 1% while comparable store sales remained flat year over year for the 27-day period ending on January 28, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report To read this article on Zacks.com click here. Fiscal 2011Sales Performance For the 52 weeks ended January 28, 2012, the company's sales totaled $6,199.0 million, registering an increase of 3% from total sales of $6,020.3 million reported in the same period last year.
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Fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported total sales decline of 1% while comparable store sales remained flat year over year for the 27-day period ending on January 28, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report To read this article on Zacks.com click here. Fiscal 2011Sales Performance For the 52 weeks ended January 28, 2012, the company's sales totaled $6,199.0 million, registering an increase of 3% from total sales of $6,020.3 million reported in the same period last year.
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Fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported total sales decline of 1% while comparable store sales remained flat year over year for the 27-day period ending on January 28, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report KOHLS CORP ( KSS ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's another competitor Ross Stores Inc. 's ( ROST ) comparable sales grew 5% and total sales surged 10% to $483 million compared with $441 million in prior-year period.
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29233d61-3e30-481b-bad2-6e6b4b7e9db7
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720133.0
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2012-02-02 00:00:00 UTC
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Dillard's to Expand Online Presence - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-to-expand-online-presence-analyst-blog-2012-02-02
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nan
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nan
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Dillard's Inc. ( DDS ), in a move to grow its online store at www.dillards.com, has invested about $4 million in Acumen Brands, a Fayetteville, Arkansas-based ecommerce company. Acumen Brands currently operates twelve online retailers supported by proprietary software and advanced fulfillment systems.
Under this strategic agreement, Dillard's and Acumen will put their resources together for the betterment of both Dillards.com and Acumen's twelve online sites. As per the deal, Acumen will provide technological marketing services while boosting Dillard's online charisma.
In return, Dillard's will offer the services of its Vice President Kent Burnett, who will provide strategic guidance while serving on Acumen's board. At Dillard's, Mr. Burnett, as a senior executive, is in charge of information technology and ecommerce.
Dillard's, a leading fashion apparel, cosmetics and home furnishings retailer,is continually working to expand its online presence as evident from its recent announcement of opening a new Internet Fulfillment Center in Maumelle, Arkansas, in spring 2012. Further, its partnership with Acumen marks a significant progress on this front.
Founded in 2009, Acumen now offers uniquely branded storefronts for a variety of professions and lifestyles including medical uniforms (www.scrubshopper.com), work wear (www.toughweld.com), and western wear (www.countryoutfitter.com).
Based in Little Rock, Arkansas, Dillard's Inc. is a large departmental store chain, featuring fashion apparel and home furnishings in the United States. Dillard's, which competes with Macy's Inc. ( M ) and J. C. Penny ( JCP ), operates 288 department stores and 16 clearance centers in 29 states. It also has an e-commerce website at www.dillards.com.
Dillard's shares maintain a Zacks #1 Rank, which translates into a short-term Strong Buy rating. Our long-term recommendation on the stock remains Outperform.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): 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 ), in a move to grow its online store at www.dillards.com, has invested about $4 million in Acumen Brands, a Fayetteville, Arkansas-based ecommerce company. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. In return, Dillard's will offer the services of its Vice President Kent Burnett, who will provide strategic guidance while serving on Acumen's board.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Dillard's Inc. ( DDS ), in a move to grow its online store at www.dillards.com, has invested about $4 million in Acumen Brands, a Fayetteville, Arkansas-based ecommerce company. Acumen Brands currently operates twelve online retailers supported by proprietary software and advanced fulfillment systems.
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Dillard's Inc. ( DDS ), in a move to grow its online store at www.dillards.com, has invested about $4 million in Acumen Brands, a Fayetteville, Arkansas-based ecommerce company. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Under this strategic agreement, Dillard's and Acumen will put their resources together for the betterment of both Dillards.com and Acumen's twelve online sites.
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Dillard's Inc. ( DDS ), in a move to grow its online store at www.dillards.com, has invested about $4 million in Acumen Brands, a Fayetteville, Arkansas-based ecommerce company. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. As per the deal, Acumen will provide technological marketing services while boosting Dillard's online charisma.
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60e0e4cb-5120-4367-b6b8-59ed6d0e4111
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720134.0
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2012-01-09 00:00:00 UTC
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Macy's Exits 2011 Up, Boosts Outlook - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-exits-2011-up-boosts-outlook-analyst-blog-2012-01-09
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nan
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nan
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The U.S. economy has long been grappling with the turbulent financial environment, which has gradually engulfed theglobal market Amid this economic upheaval, Macy's Inc. ( M ) has been moving on and keeping its upbeat note.
Macy's exited 2011 with a bang, and we believe it will sustain the same tempo in 2012. The company's relentless endeavors to keep itself on the growth trajectory have paid off in an economy, which is looking for ways to shield itself from a financial turmoil that seems to have no end. Early hours store openings, huge discounts, promotional activities and free shipping on online purchases were enough to lure customers.
Riding on Positive Comps
Macy's saw its comparable-store sales rising 6.2% for the five-week period ended December 31, 2011 that fared better than what analysts expected. The growth compared with comparable-store sales increases of 4.8% in November 2011 and 3.9% in December 2010.
For the 48-week period ended December 31, 2011, comps climbed 5.4%. Comparable-store sales for the combined November/December holiday sales period jumped 5.7%.
Cincinnati, Ohio-based Macy's said that its total sales for December grew 6.6% to $4,925 million compared with $4,618 million in the same month last year. For the 48-week period sales rose 5.8% to $25,070 million from $23,693 million reported in the prior-year period.
Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in December soaring 35.8%. The company seeks to expand both Macy's and Bloomingdale's brands online. For the 48-week period, online sales were up 39.7%. For the combined November/December period, online sales surged 40.3%.
In terms of performance, J. C. Penney Company Inc. ( JCP">JCP ) lagged far behind Macy's, posting a marginal growth of 0.3% in comparable-store sales.
Enhancing Shareholders' Return
Macy's has been actively managing its cash flows, returning much of its free cash to shareholders via dividends or share repurchase activity, while maintaining a healthy balance sheet and credit ratios that are necessary for an investment-grade rating. The share repurchases and dividend increasing strategies not only enhance shareholders' return but also raise the market value of the stock.
Increase in dividend, reflects the company's sound financial position and well-defined future prospects. The company recently announced a two-fold increase in its quarterly dividend of 10 cents to 20 cents a share. The increased dividend will be paid on April 2, 2012, to stockholders of record as on March 15, 2012. The last quarterly dividend hike was from 5 cents to 10 cents, which was paid in July 2011.
In addition, Macy's board of directors declared a new share repurchase program of $1 billion bringing the total authorization to $1.6 billion as of December 31, 2011. The company had bought back 9.1 million shares aggregating $250 million through December 31, 2011, after it resumed its share buyback activity in late August 2011.
Upbeat Guidance
Macy's is becoming one of the favorite stock pick. After posting better-than-expected sales results and declaring a dividend increase and share repurchase program, the company went on to announce increased sales and earnings guidance, thereby further bolstering investors' confidence in the stock.
Management now expects comps to increase between 5.3% and 5.5% in the fourth quarter and 5.3% in fiscal 2011. Earlier, the company had guided comps in the range of 4% to 4.5% for the fourth quarter and between 4.8% and 5% for the full year.
Macy's now projects earnings in the range of $1.55 to $1.60 for the fourth quarter and between $2.73 and $2.78 per share for fiscal 2011. Management had earlier forecast earnings between $1.52 and $1.57 for the fourth quarter and between $2.70 and $2.75 for the full year.
The currentZacks Consensus Estimate for the fourth quarter is $1.61 and for fiscal 2011 is $2.78.
The earnings guidance does not take into account $25 million to $30 million of anticipated costs in conjunction with the closure of Macy's and Bloomingdale's stores, recently announced.
Let's Conclude
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS">SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions, customer-centric localization initiatives, as well as developing e-commerce business and online order fulfillment centers. Moreover, Macy's continues to focus on price optimization, inventory management and merchandise planning to drive traffic.
Currently, we have a long-term Outperform rating on the stock. Moreover, Macy's holds aZacks #1 Rank that translates into a short-term Strong Buy rating, and correlates with our long-term view.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
SAKS INC ( SKS ): 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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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS">SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. The U.S. economy has long been grappling with the turbulent financial environment, which has gradually engulfed theglobal market Amid this economic upheaval, Macy's Inc. ( M ) has been moving on and keeping its upbeat note.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS">SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Enhancing Shareholders' Return Macy's has been actively managing its cash flows, returning much of its free cash to shareholders via dividends or share repurchase activity, while maintaining a healthy balance sheet and credit ratios that are necessary for an investment-grade rating.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS">SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Enhancing Shareholders' Return Macy's has been actively managing its cash flows, returning much of its free cash to shareholders via dividends or share repurchase activity, while maintaining a healthy balance sheet and credit ratios that are necessary for an investment-grade rating.
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Macy's, which competes with Dillard's Inc. ( DDS ) and Saks Incorporated ( SKS">SKS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report SAKS INC ( SKS ): Free Stock Analysis Report To read this article on Zacks.com click here. For the 48-week period, online sales were up 39.7%.
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fa75b716-8348-4f89-80b4-63c9424b6d06
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720135.0
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2012-01-09 00:00:00 UTC
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Dillard's Reports Robust Dec Comps - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/dillards-reports-robust-dec-comps-analyst-blog-2012-01-09
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nan
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nan
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Leading fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported a sales increase of 3% and comparable store sales increase of 4% for a 36-day period, which ended on January 1, 2012. Total sales for the period rose to $1.11 billion versus $1.08 billion r ecorded in the same period last year.
Geographically, sales for the 36-day period gained due to better-than-expected sales trends in the Central region, offset by slightly weak trend in the Eastern and Western regions. Product-wise, sales trends for shoes and cosmetics lived up to the company's expectations in the 36-day period. However, sales for home and furniture categories significantly missed expectations.
For the 48 weeks ended January 1, 2012, the company's sales numbers totaled $5.84 billion, again registering an increase of 3% from total sales of $5.65 billion in the same period last year. Comparable store sales increased 4% for the 48 weeks ended January 1, 2012.
Based in Little Rock, Arkansas, Dillard's Inc. is a large departmental store chain, featuring fashion apparel and home furnishings in the United States. Dillard's, which competes with Macy's Inc. ( M ) and J. C. Penny ( JCP ), operates 288 department stores and 16 clearance centers in 29 states. It also has an e-commerce website at www.dillards.com .
Dillard's shares maintain a Zacks #3 Rank, which translates into a short-term 'Hold' rating. Our long-term recommendation on the stock remains 'Outperform'.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): 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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Leading fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported a sales increase of 3% and comparable store sales increase of 4% for a 36-day period, which ended on January 1, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Product-wise, sales trends for shoes and cosmetics lived up to the company's expectations in the 36-day period.
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Leading fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported a sales increase of 3% and comparable store sales increase of 4% for a 36-day period, which ended on January 1, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. For the 48 weeks ended January 1, 2012, the company's sales numbers totaled $5.84 billion, again registering an increase of 3% from total sales of $5.65 billion in the same period last year.
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Leading fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported a sales increase of 3% and comparable store sales increase of 4% for a 36-day period, which ended on January 1, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. For the 48 weeks ended January 1, 2012, the company's sales numbers totaled $5.84 billion, again registering an increase of 3% from total sales of $5.65 billion in the same period last year.
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Leading fashion apparel, cosmetics and home furnishings retailer Dillard's Inc. ( DDS ) reported a sales increase of 3% and comparable store sales increase of 4% for a 36-day period, which ended on January 1, 2012. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Product-wise, sales trends for shoes and cosmetics lived up to the company's expectations in the 36-day period.
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e8e2afb3-54d3-4c9e-b7c5-035ae0ec5165
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720136.0
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2012-01-05 00:00:00 UTC
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Macy's Plans to Re-equip - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/macys-plans-to-re-equip-analyst-blog-2012-01-05
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nan
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nan
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In an economy fraught with risks, being well-equipped to face the unprecedented hurdles becomes the order of the day for every company. After the short-lived advantages from Thanksgiving, Black Friday and Christmas it's time again to face the ripple effect of the 2011 turmoil. The 2012 scenario will not be any different from the last year, and retailers must be ready to face a replay of soft consumer demand, plagued by an unhelpful job market.
Macy's Inc. 's ( M ) relentless endeavors to keep itself on the growth trajectory have had paid off in an uncertain economy and the recent announcement of closing the underperforming Macy's and Bloomingdale's stores and opening of new ones to tap the under-penetrated local markets, is just another step to face the headwinds in 2012.
It's true that the closing of stores will make many jobless in an economy where finding another job is proving to be a herculean task. But Macy's hinted that the displaced employees will be offered jobs in nearby stores or in the new ones to the greatest possible extent possible. However, those laid off will be provided with severance benefits.
Macy's anticipates to record $25 million to $30 million of costs in the fourth quarter of 2011, in conjunction with store closings. However, these costs were not taken into consideration, when the company had provided its earnings projections. Management had earlier guided earnings between $1.52 and $1.57 for the fourth quarter and between $2.70 and $2.75 per share for fiscal 2011.
Macy's Store Account
The 5 Macy's stores, which are slated for closure in early spring 2012 are located in West Ridge Mall, Topeka; Laurel Mall, Laurel; Parmatown, Parma; Hickory Hollow, Antioch; and Mall of the Mainland, Texas City. This will directly affect 375 staff associated with the stores.
In turn, the company plans to open five new Macy's stores - in Salt Lake City and Greendale in March 2012, Victorville in mid 2013, Gurnee in spring 2013 and The Bronx in fall 2013 or spring 2014 - which will create 841 jobs in total. The company will also open one replacement store in fall 2013 in Bay Shore, and will employ 180 associates.
The changes once implemented will result in 804 Macy's stores operating in 45 states, the District of Columbia, Puerto Rico and Guam.
Bloomingdale's Store Account
Management also plans to close down four Bloomingdale's stores in early spring 2012, located in Perimeter Mall, Atlanta; Oakbrook Home and Furniture, Oak Brook; White Flint, North Bethesda; and Mall of America, Bloomington. In consequence, 463 associates will lose their jobs.
The company also plans to open one Bloomingdale's store in Glendale Galleria in Glendale in fall 2013, and hire 175 workers. In addition, the company plans to open a new store in Stanford Shopping Center in Palo Alto, to be operational in spring 2014 as a replacement of an existing Bloomingdale's store in the same mall. The store will absorb all 180 associates working there.
The company did not stop here, and went on to announce the opening of 5 new Bloomingdale's Outlet stores, slated to open in 2012 that will require the hiring of 35 people for each store of 25,000 square feet. This will bring the total store count to 12. The company had earlier opened 3 Bloomingdale's Outlet stores in 2011 and 4 in 2010, the year when the concept was unveiled.
The planned openings and closures will result in a total of 38 full-line and home stores, and 12 Outlet stores. Bloomingdale's also has a licensing agreement with Al Tayer Group to carry out operations in Dubai.
Closing Comment
We believe Macy's will continue with its positive momentum as it enters 2012. The company's sustained focus on price optimization, inventory management, merchandise planning and private label offering positions it to drive traffic, meet customer-oriented demand and improve the shopping experience.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions as well as developing the e-commerce business and online order fulfillment centers.
Macy's, which competes with J. C. Penney Company Inc. ( JCP ) and Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Currently, we maintain our long-term Outperform recommendation on the stock. Moreover, Macy's holds a Zacks #1 Rank that translates into a short-term 'Strong Buy' rating, which correlates with our long-term view.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
MACYS INC ( M ): 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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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) and Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's sustained focus on price optimization, inventory management, merchandise planning and private label offering positions it to drive traffic, meet customer-oriented demand and improve the shopping experience.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) and Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Store Account The 5 Macy's stores, which are slated for closure in early spring 2012 are located in West Ridge Mall, Topeka; Laurel Mall, Laurel; Parmatown, Parma; Hickory Hollow, Antioch; and Mall of the Mainland, Texas City.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) and Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's Store Account The 5 Macy's stores, which are slated for closure in early spring 2012 are located in West Ridge Mall, Topeka; Laurel Mall, Laurel; Parmatown, Parma; Hickory Hollow, Antioch; and Mall of the Mainland, Texas City.
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Macy's, which competes with J. C. Penney Company Inc. ( JCP ) and Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the company plans to open a new store in Stanford Shopping Center in Palo Alto, to be operational in spring 2014 as a replacement of an existing Bloomingdale's store in the same mall.
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baeb6e65-dc17-4e73-961f-be3379c419d2
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720137.0
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2011-12-28 00:00:00 UTC
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Stock Market News for December 28, 2011 - Market News
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DDS
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https://www.nasdaq.com/articles/stock-market-news-for-december-28-2011-market-news-2011-12-28
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nan
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nan
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Markets opted to take a pause after a recent rally, as mixed economic data and a session featuring light volumes meant benchmarks ended Tuesday's session on a flat note. Given the Christmas overhang, consolidated volumes remained substantively low, and final minutes' movement took the Dow slightly lower to end its winning run of four consecutive trading days.
The Dow Jones Industrial Average (DJIA) slipped 2.6 points or 0.02% to finish the day at 12,291.35. The Standard & Poor 500 (S&P 500) also remained almost unchanged at 1,265.43, gaining 0.01%. The Nasdaq Composite Index was up 0.3% and finished yesterday's trading session at 2,625.20. The fear-gauge CBOE Volatility Index (VIX) went up 5.7% to settle at 21.91. Consolidated volumes on the New York Stock Exchange (NYSE), NYSE Amex and Nasdaq, were roughly 3.59 billion shares, which were significantly lower than the year's daily average of almost 7.9 billion shares. For 50% of the advancing stocks on the NYSE, 47% of the stocks traded lower. The remaining stocks were left unchanged.
Since last week, investors had been receiving Christmas gifts in the form of encouraging economic data. Housing and the jobs markets, two of the key elements of the economy, posted strong data last week. The jobs market showed significant strength, as data from U.S. Department of Labor provided investors with a welcome reprieve after initial claims dropped to a three and half year low.
However, a 9.3% rise in housing starts and building permits shooting up to its highest level since March 2010 were slightly offset by home sales data from the National Association Realtors (NAR) released on Wednesday. Additionally, data on revised home sale counts of 2007, according to which existing home sales were 14.3% worse than previously reported came as a disappointment to investors last week. Monday's markets were also guided by economic data, which included a joint release by the U.S. Census Bureau and the Department of Housing and Urban Development according to which new home sales had increased more than the consensus estimate.
It was the S&P/Case-Shiller Home Price Index data, which took the sheen away from markets' initial modest gains, as it reported a drop in home price in 19 of the 20 cities. The report stated: "Data through October 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed decreases of 1.1% and 1.2% for the 10- and 20-City Composites in October vs. September. Nineteen of the 20 cities covered by the indices also saw home prices decrease over the month. The 10- and 20-City Composites posted annual returns of -3.0% and -3.4% versus October 2010, respectively".
Since these are a group of indexes that track changes in home prices throughout the United States; this data holds immense value for investors. A drop in home prices, as reflected through the S&P/Case-Shiller Home Price Index naturally had an adverse impact on markets. The PHLX Housing Sector (HGX) was down 0.1% and stocks like KB Home (NYSE: KBH ), DR Horton Inc. (NYSE: DHI ), Beazer Homes USA Inc. (NYSE: BZH ), Comstock Homebuilding Companies Inc. (NASDAQ: CHCI ), Lennar Corp. (NYSE: LEN ) dropped 2.6%, 0.8%, 2.1%, 1.3% and 0.4%, respectively.
Earlier, strong consumer confidence data helped stocks register modest gains. Consumer data is another key indicator of the economy's health. Investors received a boost after the Commerce Department reported that U.S. consumer confidence had increased to 64.5 in December from 55.2 in November. The figure was also well ahead of the consensus projection of 59.3. In the report released by The Conference Board, Lynn Franco, Director of The Conference Board Consumer Research Center, stated: "After two months of considerable gains, the Consumer Confidence Index is now back to levels seen last spring (April 2011, 66.0). Consumers' assessment of current business and labor market conditions improved again. Looking ahead, consumers are more optimistic that business conditions, employment prospects, and their financial situations will continue to get better".
However, major retail stocks could not garner strong gains. While stocks like J. C. Penney Company, Inc. (NYSE: JCP ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) slipped 1.1%, 3.3% and 1.1%, respectively, others like Macy's, Inc. (NYSE: M ), Target Corp. (NYSE: TGT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) only managed gains of 0.3%, 0.8%, 2.5% and 0.5%, respectively.
BON-TON STORES ( BONT ): Free Stock Analysis Report
BEAZER HOMES ( BZH ): Free Stock Analysis Report
COMSTOCK HMBLDG ( CHCI ): Free Stock Analysis Report
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
D R HORTON INC ( DHI ): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
KB HOME (KBH): Free Stock Analysis Report
LENNAR CORP -A (LEN): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
TARGET CORP (TGT): 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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While stocks like J. C. Penney Company, Inc. (NYSE: JCP ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) slipped 1.1%, 3.3% and 1.1%, respectively, others like Macy's, Inc. (NYSE: M ), Target Corp. (NYSE: TGT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) only managed gains of 0.3%, 0.8%, 2.5% and 0.5%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report BEAZER HOMES ( BZH ): Free Stock Analysis Report COMSTOCK HMBLDG ( CHCI ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report D R HORTON INC ( DHI ): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Given the Christmas overhang, consolidated volumes remained substantively low, and final minutes' movement took the Dow slightly lower to end its winning run of four consecutive trading days.
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While stocks like J. C. Penney Company, Inc. (NYSE: JCP ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) slipped 1.1%, 3.3% and 1.1%, respectively, others like Macy's, Inc. (NYSE: M ), Target Corp. (NYSE: TGT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) only managed gains of 0.3%, 0.8%, 2.5% and 0.5%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report BEAZER HOMES ( BZH ): Free Stock Analysis Report COMSTOCK HMBLDG ( CHCI ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report D R HORTON INC ( DHI ): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. The PHLX Housing Sector (HGX) was down 0.1% and stocks like KB Home (NYSE: KBH ), DR Horton Inc. (NYSE: DHI ), Beazer Homes USA Inc. (NYSE: BZH ), Comstock Homebuilding Companies Inc. (NASDAQ: CHCI ), Lennar Corp. (NYSE: LEN ) dropped 2.6%, 0.8%, 2.1%, 1.3% and 0.4%, respectively.
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BON-TON STORES ( BONT ): Free Stock Analysis Report BEAZER HOMES ( BZH ): Free Stock Analysis Report COMSTOCK HMBLDG ( CHCI ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report D R HORTON INC ( DHI ): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. While stocks like J. C. Penney Company, Inc. (NYSE: JCP ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) slipped 1.1%, 3.3% and 1.1%, respectively, others like Macy's, Inc. (NYSE: M ), Target Corp. (NYSE: TGT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) only managed gains of 0.3%, 0.8%, 2.5% and 0.5%, respectively. It was the S&P/Case-Shiller Home Price Index data, which took the sheen away from markets' initial modest gains, as it reported a drop in home price in 19 of the 20 cities.
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While stocks like J. C. Penney Company, Inc. (NYSE: JCP ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) slipped 1.1%, 3.3% and 1.1%, respectively, others like Macy's, Inc. (NYSE: M ), Target Corp. (NYSE: TGT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) only managed gains of 0.3%, 0.8%, 2.5% and 0.5%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report BEAZER HOMES ( BZH ): Free Stock Analysis Report COMSTOCK HMBLDG ( CHCI ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report D R HORTON INC ( DHI ): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KB HOME (KBH): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. For 50% of the advancing stocks on the NYSE, 47% of the stocks traded lower.
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720138.0
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2011-12-21 00:00:00 UTC
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Macy's Sees Thriving Exit from '11 - Analyst Blog
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https://www.nasdaq.com/articles/macys-sees-thriving-exit-from-11-analyst-blog-2011-12-21
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Macy's Inc. ( M ) continues with its positive rhythm as it successfully approaches the end of another year, and we believe it will sustain the tempo as it enters 2012. The company's relentless endeavors to keep itself on a growth trajectory have paid off.
Riding on Positive Comps
From January to November 2011, Macy's has consistently registered comparable-store sales growth touching a low of 0.9% (in March) and reaching a high of 10.8% (in April), thereby recording an average growth of approximately 5.1%.
This is far better than its competitor J. C. Penney Company Inc. ( JCP ), which witnessed an average comps growth of a meager 0.8% in the same period. Between January and November 2011, J. C. Penney's comparable-store sales fell as low as 2.6% (in October) and rose as high as 6.4% (in February and April).
Monthly sales data has also been encouraging for Macy's, which has seen consistent growth. From January through November 2011, the company registered a minimum sales growth of 1.6% (in March) and a maximum growth of 10.9% (in April), compared to J. C. Penney, which experienced a steep sales decline of 6.6% (in October) and an increase of 3.4% (in April).
Black Friday Sales Bring Cheers
The Black Friday weekend sales brought cheers for retailers such as Macy's, Saks Incorporated ( SKS ), Ross Stores Inc. ( ROST ) and Limited Brands Inc. ( LTD ), which went on to post better-than-expected November comparable-store sales growth of 4.8%, 9.3%, 5% and 7%, respectively. Early hour store openings, huge discounts, promotional activities and free shipping on online purchases were enough to woo customers on Black Friday, which turned out to be a bonanza for both brick-and-mortar as well as e-commerce retailers.
The saying "early bird catches the worm" goes well with Macy's. For the first time, the retailer opened its doors at the stroke of midnight on Black Friday to attract customers.But J. C. Penney could not make the most of this opportunity. It followed its old tradition of opening stores at 4 a.m. on Black Friday. The decision hurt J. C. Penney's November comparable-store sales, which were down 2%.
Where Lies the Strength
Macy's sustained focus on price optimization, inventory management, merchandise planning and private label offering positions it to drive traffic, meet customer-oriented demand and improve the shopping experience.
In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, consolidation of divisions as well as developing the e-commerce business and online order fulfillment centers.
Online sales, which include sales from macys.com and bloomingdales.com, continued to show growth momentum in November, soaring 49.6%. With the innovation of new technologies, consumers have also advanced and are now using smartphones and tablets to search for merchandises and grab the best available deal, instead of going from shop to shop. Consequently, the company seeks to expand both Macy's and Bloomingdale's brands online. Year-to-date, online sales were up 40.9%.
We remain optimistic about the company's customer-centric localization initiative called "My Macy's". The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focused on local customer needs and preferences.
Let's Wrap Up
Macy's department stores sell a wide range of merchandise. Its products include men's, women's, and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.
After the Black Friday sales blast, there is skepticism in the market about whether the success of weekend sales will be replicated during Christmas and New Year, or whether consumers who have now become more rational about spending will tighten their purses. However, the efforts of retailers to convert store traffic into business cannot be decried as they are trying to lure customers. Given its track record, Macy's appears to be one of the forerunners.
Macy's, which competes with Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
The above analysis supports our affirmative view on the stock, and therefore we currently have a long-term Outperform recommendation on it. Moreover, Macy's holds a Zacks #1 Rank that translates into a short-term 'Strong Buy' rating, and correlates with our long-term view.
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
LIMITED BRANDS ( LTD ): Free Stock Analysis Report
MACYS INC ( M ): Free Stock Analysis Report
ROSS STORES ( ROST ): Free Stock Analysis Report
SAKS INC (SKS): 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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Macy's, which competes with Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report LIMITED BRANDS ( LTD ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Early hour store openings, huge discounts, promotional activities and free shipping on online purchases were enough to woo customers on Black Friday, which turned out to be a bonanza for both brick-and-mortar as well as e-commerce retailers.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report LIMITED BRANDS ( LTD ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. Riding on Positive Comps From January to November 2011, Macy's has consistently registered comparable-store sales growth touching a low of 0.9% (in March) and reaching a high of 10.8% (in April), thereby recording an average growth of approximately 5.1%.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report LIMITED BRANDS ( LTD ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Macy's, which competes with Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. From January through November 2011, the company registered a minimum sales growth of 1.6% (in March) and a maximum growth of 10.9% (in April), compared to J. C. Penney, which experienced a steep sales decline of 6.6% (in October) and an increase of 3.4% (in April).
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Macy's, which competes with Dillard's Inc. ( DDS ), currently operates approximately 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico. DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report LIMITED BRANDS ( LTD ): Free Stock Analysis Report MACYS INC ( M ): Free Stock Analysis Report ROSS STORES ( ROST ): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report To read this article on Zacks.com click here. Riding on Positive Comps From January to November 2011, Macy's has consistently registered comparable-store sales growth touching a low of 0.9% (in March) and reaching a high of 10.8% (in April), thereby recording an average growth of approximately 5.1%.
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720139.0
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2011-11-30 00:00:00 UTC
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Stock Market News for November 30, 2011 - Market News
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https://www.nasdaq.com/articles/stock-market-news-for-november-30-2011-market-news-2011-11-30
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The Dow and S&P 500 added modest gains for the second consecutive day following a positive consumer confidence report and a decline in Italian borrowing costs. However, the Nasdaq missed out on a seat in the green and logged its eighth consecutive fall out of the last nine trading sessions.
The Dow Jones Industrial Average (DJIA) edged up 0.3% to settle at 11,555.63. The Standard & Poor 500 (S&P 500) gained 0.2% and closed yesterday's trading at 1,195.19. The Nasdaq Composite Index failed to join the gainers and declined 0.5% to finish the day at 2,515.51. The fear-gauge CBOE Volatility Index (VIX) dropped further yesterday and is just over the key level of 30. The Street seemed less busy as consolidated volumes remained low once again with 6.73 billion shares changing hands on the New York Stock Exchanges, Amex and Nasdaq, versus the daily average of 7.96 billion shares. On the NYSE, decliners outnumbered the advancers by a ratio of 15 to 14.
It was not one of those familiar days when lingering European debt concern dampened investor sentiment. But domestic economic reports helped the markets register their second consecutive day of gains. Consumer confidence data not only topped the estimates but the index recorded its highest level since July this year. According to the Conference Board, the Consumer Confidence Index increased to 56.0 in November from 40.9 in October. The index also enjoyed an upward movement contrary to the downtrend in October and significantly topped the consensus estimates of a reading of 44.5. Additionally, the Present Situation Index increased to 38.3 from 27.1, and the Expectations Index jumped to 67.8 from 50.0.
The Director of The Conference Board Consumer Research Center, Lynn Franco, said: "Confidence has bounced back to levels last seen during the summer (July 2011, 59.2). Consumers' assessment of current conditions finally improved, after six months of steady declines. Consumers' apprehension regarding the short-term outlook for business conditions, jobs and income prospects eased considerably. Consumers appear to be entering the holiday season in better spirits, though overall readings remain historically weak".
The strong consumer confidence report comes a day after the markets posted strong gains spurred by record setting Black Friday weekend shopping. Retail data and consulting firm ShopperTrak confirmed a 6.6% hike in sales on Black Friday, reflecting a significant increase in the number of shoppers going to the stores or hitting the 'buy' button on retailer websites. According to The National Retail Federation, a record breaking 226 million shoppers hit stores and websites over the Black Friday weekend, significantly higher than 212 million last year.
While the retailers had a posted strong upward movement in their share prices on Monday, it was interesting to note their reactions following the consumer confidence reading. SPDR S&P Retail ( XRT ) shed 0.1% yesterday, but several retailers closed with significant gains. Among the gainers were J. C. Penney Company, Inc. (NYSE: JCP ), Wal-Mart Stores Inc. (NYSE: WMT ), Macy's, Inc. (NYSE: M ) and Target Corp. (NYSE: TGT ) and they were up 0.6%, 1.6%, 0.6% and 1.2%, respectively. However, they were countered by strong declines in stocks like Saks Incorporated (NYSE: SKS ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) which declined by 3.0%, 5.7%, 6.8% and 1.2%, respectively.
Meanwhile, investors chose to remain optimistic about European debt concerns as they expect the meet of the European officials to have a favorable outcome. Yesterday, in a bond auction, Italy paid over 7% on 10-year bond yields, a highly unsustainable level, but borrowing costs dropped somewhat from earlier highs. Surging borrowing costs is a significant headwind for the nation and Spain, Germany and France are also reeling under similar pressure.
BON-TON STORES ( BONT ): Free Stock Analysis Report
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
NORDSTROM INC ( JWN ): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
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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However, they were countered by strong declines in stocks like Saks Incorporated (NYSE: SKS ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) which declined by 3.0%, 5.7%, 6.8% and 1.2%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report 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 Dow and S&P 500 added modest gains for the second consecutive day following a positive consumer confidence report and a decline in Italian borrowing costs.
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However, they were countered by strong declines in stocks like Saks Incorporated (NYSE: SKS ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) which declined by 3.0%, 5.7%, 6.8% and 1.2%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report 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. Among the gainers were J. C. Penney Company, Inc. (NYSE: JCP ), Wal-Mart Stores Inc. (NYSE: WMT ), Macy's, Inc. (NYSE: M ) and Target Corp. (NYSE: TGT ) and they were up 0.6%, 1.6%, 0.6% and 1.2%, respectively.
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However, they were countered by strong declines in stocks like Saks Incorporated (NYSE: SKS ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) which declined by 3.0%, 5.7%, 6.8% and 1.2%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report 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 Dow and S&P 500 added modest gains for the second consecutive day following a positive consumer confidence report and a decline in Italian borrowing costs.
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However, they were countered by strong declines in stocks like Saks Incorporated (NYSE: SKS ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) which declined by 3.0%, 5.7%, 6.8% and 1.2%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report 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. Consumer confidence data not only topped the estimates but the index recorded its highest level since July this year.
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720140.0
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2011-11-29 00:00:00 UTC
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Market Wrap-Up for Nov.29 (TIF, DDS, HD, WMT, WHR, AMR, more)
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https://www.nasdaq.com/articles/market-wrap-nov29-tif-dds-hd-wmt-whr-amr-more-2011-11-29
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Despite the bankruptcy headline news surrounding American Airlines parent AMR Corp ( AMR ) (which wasn't a shocker, as I recently wondered aloud if the airline industry could be the next target of bailout talks), and the scary news out of Iran about potential hostage situation involving British embassy officials, the markets were still able to pop on better-than-expected consumer confidence data this morning.
By the way, according to MarketWatch, AMR's bankruptcy is the 100th airline bankruptcy filing since 1990. Sellers did get a but antsy as the day went on, pushing the indices to close mixed.
Several Dow components managed to put up some nice gains, including Home Depot ( HD ), Chevron ( CVX ), Coca-Cola ( KO ), and Wal-Mart Stores ( WMT ). Elsewhere on the positive side, a Wall Street analyst bullish call on oil-service related names had Schlumberger ( SLB ), National-Oilwell Varco ( NOV ), and Halliburton ( HAL ), all finishing in the green. On the flipside, we had sellers head for the exits in shares of Tiffany & Co. ( TIF ) following the jewelry giant's lackluster earnings guidance . Also, negative commentary from Wall Street analysts sank shares of Dillard's ( DDS ) lower, while appliance-maker Whirlpool ( WHR ) shares were also reeling following a price target cut .
Something to Consider Before You Pay off Your Mortgage
I had an interesting conversation with an old friend of mine yesterday. It just so happened we were talking about business and he was telling me about a new venture he was considering. His goal is to self-finance, using some of the equity in his home. He actually paid off his mortgage just a year ago, as he decided to take a hiatus from investing and was unsure about what to do with his money.
As he's going through this process, my friend has come to realize that he may have made a mistake in deciding to pay off his mortgage. You see, the money he could have used for the new business venture was now tied up in his house. He paid off the remainder of his home loan despite having a fixed attractive rate below 5%. He said the move was sort of spur of the moment, and that he thought he'd sleep better at night without any debt.
There's nothing wrong with paying off debts, but if you know you're going to need some cash (to start a business, buy something you want/need, etc.), bare in mind that borrowing money from the bank can be a difficult task these days. It also didn't help that my friend's recent home appraisal came back much lower than he anticipated - thus limiting his borrowing power even further.
In my opinion, the biggest factor to consider regarding paying off your mortgage is how that move may limit your ability to generate income. Residential real estate prices have been trending lower for the past several years, and could get stuck in that cycle for an extended period. So as an income-producing asset, your home fails to deliver much of any reward. However, if you have an attractive mortgage rate (most buyers/homeowners have rates in the 5% or below range), it would be wise to put your extra money to work for you. The key is to get started as soon as possible and put the power of compound interest to work for you with dividend-paying stocks .
Here's an example of the beauty of compounding interest that dividend stocks can provide: Investing just $3,000 into dividend-paying stocks over the course of 5 years and re-investing the dividends over the course of 56 years will grow to over $1 million (based on historic 11% annual returns). Most people probably aren't thinking that far out, but consider the fact that we're talking about just a $3,000 total investment. Now think about what you can accomplish if you put that much (or more) to work, year after year!
The Latest Real Estate Data (Not So Bullish)
According to the just released data on new home sales, the average price for new homes fell to the lowest level since September 2003. Almost half of all home sales in October were under $200K, and about 80% of home sales were under $300K. This point marks the lowest percentage under $300K since November 2002. Also just this morning, the S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 3.9% decline in the third quarter of 2011 over the third quarter of 2010.
One other crazy real-estate related note from yesterday's "Cyber-Money" mania. Dominion Homes, a home builder with a large presence in Ohio and Kentucky decided to take new home prices down quite dramatically. Their biggest deal was for homes priced originally at $250K, reduced to $169,900 for its Cyber Monday special.
These are not healthy real estate anecdotes, when you are considering the news from an investment standpoint. I stand by the idea of looking at your home as a place you love to live in rather than an investment asset. Now if you own and live in a multi-unit property, then it would be considered an investment. For most property owners, however, that isn't the case.
The bottom line? Enjoy your home, but look at assets that produce income to generate long-term wealth. For us that means quality dividend-paying stocks is the go-to place to get started!
Income, Income, Income
At Dividend.com, we maintain our focus on the best income-producing investments the markets have to offer during time of heightened volatility. We want to make sure we have only the most pullback-resistant names on our Best Dividend Stocks List . Also, if we see the market putting in what looks like a decent bottom, we will be prepared to scale up the list of stocks we like. Stay tuned and be sure to look for Dividend.com Premium member alerts along the way. Don't count on the government or your employer to set you up for a remarkable retirement. Take control, do your own research, and achieve your goals yourself!
Go Beyond This Newsletter
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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.
Created by Dividend.com
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, negative commentary from Wall Street analysts sank shares of Dillard's ( DDS ) lower, while appliance-maker Whirlpool ( WHR ) shares were also reeling following a price target cut . Despite the bankruptcy headline news surrounding American Airlines parent AMR Corp ( AMR ) (which wasn't a shocker, as I recently wondered aloud if the airline industry could be the next target of bailout talks), and the scary news out of Iran about potential hostage situation involving British embassy officials, the markets were still able to pop on better-than-expected consumer confidence data this morning. Several Dow components managed to put up some nice gains, including Home Depot ( HD ), Chevron ( CVX ), Coca-Cola ( KO ), and Wal-Mart Stores ( WMT ).
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Also, negative commentary from Wall Street analysts sank shares of Dillard's ( DDS ) lower, while appliance-maker Whirlpool ( WHR ) shares were also reeling following a price target cut . Elsewhere on the positive side, a Wall Street analyst bullish call on oil-service related names had Schlumberger ( SLB ), National-Oilwell Varco ( NOV ), and Halliburton ( HAL ), all finishing in the green. Here's an example of the beauty of compounding interest that dividend stocks can provide: Investing just $3,000 into dividend-paying stocks over the course of 5 years and re-investing the dividends over the course of 56 years will grow to over $1 million (based on historic 11% annual returns).
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Also, negative commentary from Wall Street analysts sank shares of Dillard's ( DDS ) lower, while appliance-maker Whirlpool ( WHR ) shares were also reeling following a price target cut . Here's an example of the beauty of compounding interest that dividend stocks can provide: Investing just $3,000 into dividend-paying stocks over the course of 5 years and re-investing the dividends over the course of 56 years will grow to over $1 million (based on historic 11% annual returns). The Latest Real Estate Data (Not So Bullish) According to the just released data on new home sales, the average price for new homes fell to the lowest level since September 2003.
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Also, negative commentary from Wall Street analysts sank shares of Dillard's ( DDS ) lower, while appliance-maker Whirlpool ( WHR ) shares were also reeling following a price target cut . In my opinion, the biggest factor to consider regarding paying off your mortgage is how that move may limit your ability to generate income. Enjoy your home, but look at assets that produce income to generate long-term wealth.
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f73eef3d-3d74-4e61-993d-9b9722f27315
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720141.0
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2011-11-28 00:00:00 UTC
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Stock Market News for November 28, 2011 - Market News
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DDS
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https://www.nasdaq.com/articles/stock-market-news-for-november-28-2011-market-news-2011-11-28
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Markets incurred losses for the seventh consecutive time after the European debt crisis in sight weighed down investor sentiment on Friday. Benchmarks not only logged their worst weekly performance in two weeks, but also suffered the worst Thanksgiving week since 1932. Earlier, markets had been trading higher spurred by hopes of the "Black Friday" syndrome.
The Dow Jones Industrial Average (DJIA) shed 0.2% to finish the day at 11,231.78. The Standard & Poor 500 (S&P 500) was down to 1,158.67, slipping 0.3%. The Nasdaq Composite Index ended trading on Friday at 2,441.51, after losing 0.8%. The fear-gauge CBOE Volatility Index (VIX) edged up to hover over 34. Markets remaining closed on Thursday because of the Thanksgiving Day holiday. On Friday, trading was closed at 1 p.m. on Friday, being "Black Friday". Historically, volumes have always remained low on the day after Thanksgiving, and only 3 billion shares changed hands on the New York Stock Exchange, Amex and Nasdaq. These were the lowest volumes since November 26 last year, which was also the day after Thanksgiving. Advancers were outnumbered by the decliners on the NYSE and the advance decline ratio was 1,280 to 1,661
While the losing streak continued into the seventh day, mentioning a mere weekly drop would be undermining the slump the benchmarks have been suffering. Benchmarks logged their worst Thanksgiving week since 1932. In what was also the markets worst weekly performance in two months, the Dow, S&P 500 and the Nasdaq plunged 4.8%, 4.7% and 5.1%, respectively. The European debt crisis is a constant overhang on the domestic markets, denting the benchmarks on more occasions than it has done any good.
In the latest addition to the worrying headlines from Europe, Belgium joined the league of euro-zone nations to suffer a downgrade as "protracted political uncertainty" and receding economic conditions compelled Standard & Poor's to cut the nation's long-term sovereign-credit rating by a notch. The rating agency chopped the rating down from AA-plus to AA. S&P stated: "We think the Belgian government's capacity to prevent an increase in general government debt, which we consider to be already at high levels, is being constrained by rapid private sector deleveraging both in Belgium and among many of Belgium's key trading partners".
Meanwhile, as incremental borrowing costs of the European nations continued to plague the domestic markets, the Italian 10-year yield moved up once again to hover over 7%. The Spanish 10-year yield is also in close range, with bigger economies like France and Germany also suffering from higher borrowing costs.
Markets were trading higher on Friday with hopes of the retailers cashing in on the profits from heavy shopping on Black Friday. However, with 20 minutes to spare, the benchmarks turned red, with European headlines once again running the mood. The retail sector did not enjoy gains on Friday with SPDR S&P Retail ( XRT ) dropping almost 1%. Retailers like J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) plunged 0.9%, 1.3%, 6.2%, 0.8% and 1.0%, respectively.
BON-TON STORES ( BONT ): Free Stock Analysis Report
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
PENNEY (JC) INC ( JCP ): Free Stock Analysis Report
NORDSTROM INC ( JWN ): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
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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Retailers like J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) plunged 0.9%, 1.3%, 6.2%, 0.8% and 1.0%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report 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. Markets incurred losses for the seventh consecutive time after the European debt crisis in sight weighed down investor sentiment on Friday.
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Retailers like J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) plunged 0.9%, 1.3%, 6.2%, 0.8% and 1.0%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report 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. Benchmarks not only logged their worst weekly performance in two weeks, but also suffered the worst Thanksgiving week since 1932.
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BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report 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. Retailers like J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) plunged 0.9%, 1.3%, 6.2%, 0.8% and 1.0%, respectively. Benchmarks not only logged their worst weekly performance in two weeks, but also suffered the worst Thanksgiving week since 1932.
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Retailers like J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ), Dillard's Inc. (NYSE: DDS ) and Nordstrom Inc. (NYSE: JWN ) plunged 0.9%, 1.3%, 6.2%, 0.8% and 1.0%, respectively. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report PENNEY (JC) INC ( JCP ): Free Stock Analysis Report NORDSTROM INC ( JWN ): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report 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. On Friday, trading was closed at 1 p.m. on Friday, being "Black Friday".
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fb7b5de0-a18c-4106-bcc9-115ff06f3629
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720142.0
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2011-11-23 00:00:00 UTC
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Bon-Ton Disappoints, Trims Outlook - Analyst Blog
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DDS
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https://www.nasdaq.com/articles/bon-ton-disappoints-trims-outlook-analyst-blog-2011-11-23
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nan
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nan
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Bon-Ton Stores Inc. ( BONT ) reported a loss of $1.21 per share in the third quarter of 2011, much wider than the Zacks Consensus Estimate of break-even results and the year-ago quarter loss of 36 cents. The lower-than-expected results were due to sluggish traffic, resulting in a 5.9% drop in the same-store sales.
Total revenue of the departmental store chain plummeted 6.3% year over year to $656.1 million in the reported quarter, attributable to poor sales of traditional merchandise apparel or moderate apparel. Moreover, the company's decision to implement price rise on some women and men's clothing due to higher costs further hurt revenues, as tough economic environment prevent consumers from spending higher.
However, to attract customers and boost sales in the upcoming holiday season, the company has recently deployed several strategic initiatives like pilot stores, expanded shoe departments and assortments, customer-first program and the increased market share of updated ladies merchandise.
The eCommerce business of the company continues to perform well with sales increasing 28% during the quarter.
Gross margin in the quarter contracted 80 basis points (bps) to 37.4%, attributed to increased net markdown rate. EBITDA of the company also decreased $23.7 million to $25.0 million in the reported quarter.
Selling, general and administrative (SG&A) expenses fell 0.3% to $234.9 million in the reported quarter as the company continues to focus on cost control and lower employee incentives. However, SG&A, as a percentage of revenue, surged 220 bps to 35.8% in the quarter due to higher spending in private brand marketing and eCommerce and lower sales volume.
Financial Position
Bon-Ton ended the quarter with cash and cash equivalents of $12.8 million, shareholders' equity of $90.5 million and long-term debt, excluding current maturities of $984.9 million. During the quarter, total debt reduced 5% year over year based on the company's continuous efforts to reduce debt.
Outlook
Bon-Ton, headquartered in York, Pennsylvania and Milwaukee, Wisconsin trimmed its financial outlook for 2011. The earnings guidance has been drastically cut down to the range of a loss of 65 cents to a gain of 25 cents versus the previous guidance of earnings of 70 cents to $1.00. EBITDA is expected between $190 million and $210 million, down from the previous guidance of $225 million-$235 million. Comparable store sales are estimated in the range of negative 3.3% to negative 1.6% versus the previous expectation of flat to up 1.0% for 2011. Gross margin for 2011 is expected to plunge 80 bps year over year versus the earlier forecast of down 70 bps to 80 bps year over year.
Our Take
Bon-Ton continues to make efforts to drive traffic in the upcoming holiday season and improve margins by controlling cost and closing underperforming stores. The company plans to close 5 stores, out of which four will shut down in 2012 and one in 2014. The company also foresees growth opportunities driven by renovation of 17 stores completed in the previous quarter and 2 new stores opened in the reported quarter. The company expects categories like cosmetics, cold-weather merchandise, ladies updated sportswear and shoe categories to perform solid in the upcoming quarter.
However, Bon-Ton continues to face cost inflation due to higher cotton prices and wages of Chinese labor and expects commodity pressure to persist till mid 2012. The retirement of the company's CEO, Bud Bergen, is expected to further add to the uncertainty going forward.
The company reported disappointing results and also reduced its fiscal outlook. Hence, we expect a downward movement in estimates over the coming days. The Zacks Consensus Estimate is currently pegged at a loss of 20 cents per share for 2011 and earnings of 51 cents per share for 2012.
One of Bon-Ton's primary competitors, Dillard's Inc. ( DDS ),a leading fashion apparel, cosmetics and home furnishings retailer, posted strong third quarter 2011 earnings of 48 cents per share, outpacing the Zacks Consensus Estimate of 38 cents per share and prior-year quarter earnings of 22 cents per share.
BON-TON STORES ( BONT ): Free Stock Analysis Report
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
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 of Bon-Ton's primary competitors, Dillard's Inc. ( DDS ),a leading fashion apparel, cosmetics and home furnishings retailer, posted strong third quarter 2011 earnings of 48 cents per share, outpacing the Zacks Consensus Estimate of 38 cents per share and prior-year quarter earnings of 22 cents per share. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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. However, to attract customers and boost sales in the upcoming holiday season, the company has recently deployed several strategic initiatives like pilot stores, expanded shoe departments and assortments, customer-first program and the increased market share of updated ladies merchandise.
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One of Bon-Ton's primary competitors, Dillard's Inc. ( DDS ),a leading fashion apparel, cosmetics and home furnishings retailer, posted strong third quarter 2011 earnings of 48 cents per share, outpacing the Zacks Consensus Estimate of 38 cents per share and prior-year quarter earnings of 22 cents per share. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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. During the quarter, total debt reduced 5% year over year based on the company's continuous efforts to reduce debt.
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One of Bon-Ton's primary competitors, Dillard's Inc. ( DDS ),a leading fashion apparel, cosmetics and home furnishings retailer, posted strong third quarter 2011 earnings of 48 cents per share, outpacing the Zacks Consensus Estimate of 38 cents per share and prior-year quarter earnings of 22 cents per share. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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. Bon-Ton Stores Inc. ( BONT ) reported a loss of $1.21 per share in the third quarter of 2011, much wider than the Zacks Consensus Estimate of break-even results and the year-ago quarter loss of 36 cents.
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One of Bon-Ton's primary competitors, Dillard's Inc. ( DDS ),a leading fashion apparel, cosmetics and home furnishings retailer, posted strong third quarter 2011 earnings of 48 cents per share, outpacing the Zacks Consensus Estimate of 38 cents per share and prior-year quarter earnings of 22 cents per share. BON-TON STORES ( BONT ): Free Stock Analysis Report DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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. Bon-Ton Stores Inc. ( BONT ) reported a loss of $1.21 per share in the third quarter of 2011, much wider than the Zacks Consensus Estimate of break-even results and the year-ago quarter loss of 36 cents.
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1c4d4161-caeb-49e0-b297-bf8c741c54dc
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720143.0
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2011-11-21 00:00:00 UTC
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Dillard's Inc. - Value
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DDS
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https://www.nasdaq.com/articles/dillards-inc-value-2011-11-21
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nan
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nan
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Dillard's Inc.DDS
Dillard's Beat By 26.3% in Q3
Zacks Consensus Estimates Rise
Still a Value Stock
Tracey Ryniec is the Value Stock Strategist for Zacks.com . She is also the Editor of the Turnaround Trader and Insider Trader services. You can follow her on twitter at traceyryniec .
DILLARDS INC-A ( DDS ): Free Stock Analysis Report
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 Dillard's Beat By 26.3% in Q3 Zacks Consensus Estimates Rise Still a Value Stock Tracey Ryniec is the Value Stock Strategist for Zacks.com . DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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 Dillard's Beat By 26.3% in Q3 Zacks Consensus Estimates Rise Still a Value Stock Tracey Ryniec is the Value Stock Strategist for Zacks.com . DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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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DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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. Dillard's Inc.DDS Dillard's Beat By 26.3% in Q3 Zacks Consensus Estimates Rise Still a Value Stock Tracey Ryniec is the Value Stock Strategist for Zacks.com . She is also the Editor of the Turnaround Trader and Insider Trader services.
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DILLARDS INC-A ( DDS ): Free Stock Analysis Report 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. Dillard's Inc.DDS Dillard's Beat By 26.3% in Q3 Zacks Consensus Estimates Rise Still a Value Stock Tracey Ryniec is the Value Stock Strategist for Zacks.com . She is also the Editor of the Turnaround Trader and Insider Trader services.
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d39418c5-571c-4caa-9052-4ec6bd7e1fe1
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720144.0
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2011-11-16 00:00:00 UTC
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Doom and Gloom: 9 Stocks That Everyone's Dumping
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DDS
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https://www.nasdaq.com/articles/doom-and-gloom-9-stocks-everyones-dumping-2011-11-16
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nan
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nan
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(Written by Rebecca Lipman. List compiled by Eben Esterhuizen, CFA. Institutional data sourced from Fidelity, short data from Yahoo! Finance.)
Economist David Rosenberg, known for his early predictions of the housing and credit bubbles as well as their prolonged effects on the economy, recently took to the airwaves to discuss his (grim) outlook for the US economy.
Rosenberg, who is Chief Economist and Strategist of Gluskin Sheff and former Chief North American Economist at Merrill Lynch, joined Consuelo Mack on Wealth Track to discuss his theory that we are 4 years into a depression that will likely last between 7 and 10 years.
Unlike most economists, Rosenberg feels validated in his use of the word “depression” over the more choice term, “recession.” He says a recession generally implies a contraction in the economy in the context of an expansion in credit, which is what we’ve been accustomed to for the better part of the past 50 years. What we’re seeing now is something different.
The Depression
Rosenberg theorizes that the US economy is in a depression state similar to what Japan has suffered in the past 20 years, seeing a secular contraction of credit. He also says the economy will begin contracting again in 2012 along with deteriorating employment and GDP growth levels.
“He bases this view on the idea that de-leveraging tends to coincide during a prolonged period of economic weakness that is not merely consistent with recession,” says Cullen Roche of Pragmatic Capitalism.
As evidence, he points out that the S&P is at the same level it was twelve years ago and that the US has experienced a decade worth of zero employment growth. Furthermore, there is an increasing number of economists, including the Federal Reserve, lowering their forecasts and predicting several more years of high unemployment, low interest rates, and slow economic growth.
The money market outlook is extremely fragile, he notes, but it doesn’t mean we’re going to continuously backslide into recession, just that this is an elongated period of very weak economic growth coming off the credit bubble that burst four years ago.
Investing Ideas
So, which companies are expected to see the biggest declines during this economic downturn?
For ideas we collected data on short seller trends, and identified a list of names that are being targeted by short sellers.
In addition, all of these companies have seen significant institutional selling during the current quarter.
Sophisticated investors, like short sellers and hedge funds, think there is significant downside to these names. And considering Rosenberg’s bearish view on the economy, these stocks may remain weak for quite some time.
Do you agree with this extreme pessimism? Use this list as a starting point for your own analysis.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. LDK Solar Co., Ltd. (LDK): Engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. Short float at 20.30%, which is equivalent to 10.63 days of average volume. Net institutional sales in the current quarter at -6.3M shares, which represents about 9.25% of the company's float of 68.09M shares. Shares shorted have increased from 27.62M to 31.68M over the last month, an increase which represents about 5.96% of the company's float of 68.09M shares.
2. Express Scripts Inc. (ESRX): Provides a range of pharmacy benefit management (PBM) services in North America. Short float at 16.01%, which is equivalent to 8.89 days of average volume. Net institutional sales in the current quarter at -20.6M shares, which represents about 4.27% of the company's float of 482.70M shares. Shares shorted have increased from 69.16M to 75.50M over the last month, an increase which represents about 1.31% of the company's float of 482.70M shares.
3. Barnes & Noble, Inc. (BKS): Operates as a content, commerce, and technology company in the United States. Short float at 31.65%, which is equivalent to 8.6 days of average volume. Net institutional sales in the current quarter at -3.9M shares, which represents about 14.48% of the company's float of 26.94M shares. Shares shorted have increased from 8.63M to 9.32M over the last month, an increase which represents about 2.56% of the company's float of 26.94M shares.
4. Comstock Resources Inc. (CRK): Engages in the acquisition, development, production, and exploration of oil and natural gas properties in the United States. Short float at 24.42%, which is equivalent to 8.17 days of average volume. Net institutional sales in the current quarter at -1.8M shares, which represents about 4.26% of the company's float of 42.22M shares. Shares shorted have increased from 10.23M to 10.91M over the last month, an increase which represents about 1.61% of the company's float of 42.22M shares.
5. Coinstar Inc. (CSTR): Provides automated retail solutions primarily in the United States, Canada, Puerto Rico, the United Kingdom, and Ireland. Short float at 32.24%, which is equivalent to 7.99 days of average volume. Net institutional sales in the current quarter at -920.9K shares, which represents about 3.44% of the company's float of 26.76M shares. Shares shorted have increased from 11.13M to 11.43M over the last month, an increase which represents about 1.12% of the company's float of 26.76M shares.
6. Tempur Pedic International Inc. (TPX): Distributes bedding products worldwide. Short float at 19.01%, which is equivalent to 6.79 days of average volume. Net institutional sales in the current quarter at -2.8M shares, which represents about 4.65% of the company's float of 60.25M shares. Shares shorted have increased from 8.54M to 11.35M over the last month, an increase which represents about 4.66% of the company's float of 60.25M shares.
7. Leap Wireless International Inc. (LEAP): Provides digital wireless services under the 'Cricket' brand name in the United States. Short float at 16.73%, which is equivalent to 5.85 days of average volume. Net institutional sales in the current quarter at -8.7M shares, which represents about 17.83% of the company's float of 48.80M shares. Shares shorted have increased from 12.35M to 13.51M over the last month, an increase which represents about 2.38% of the company's float of 48.80M shares.
8. Frontline Ltd. (FRO): Engages in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers. Short float at 24.74%, which is equivalent to 5.33 days of average volume. Net institutional sales in the current quarter at -4.8M shares, which represents about 9.32% of the company's float of 51.52M shares. Shares shorted have increased from 11.59M to 12.23M over the last month, an increase which represents about 1.24% of the company's float of 51.52M shares.
9. Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Short float at 18.53%, which is equivalent to 4.36 days of average volume. Net institutional sales in the current quarter at -2.6M shares, which represents about 8.61% of the company's float of 30.19M shares. Shares shorted have increased from 6.58M to 7.00M over the last month, an increase which represents about 1.39% of the company's float of 30.19M shares
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 an apparel and home furnishing retailer in the United States. Unlike most economists, Rosenberg feels validated in his use of the word “depression” over the more choice term, “recession.” He says a recession generally implies a contraction in the economy in the context of an expansion in credit, which is what we’ve been accustomed to for the better part of the past 50 years. Furthermore, there is an increasing number of economists, including the Federal Reserve, lowering their forecasts and predicting several more years of high unemployment, low interest rates, and slow economic growth.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Net institutional sales in the current quarter at -6.3M shares, which represents about 9.25% of the company's float of 68.09M shares. Net institutional sales in the current quarter at -20.6M shares, which represents about 4.27% of the company's float of 482.70M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Shares shorted have increased from 27.62M to 31.68M over the last month, an increase which represents about 5.96% of the company's float of 68.09M shares. Shares shorted have increased from 69.16M to 75.50M over the last month, an increase which represents about 1.31% of the company's float of 482.70M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. And considering Rosenberg’s bearish view on the economy, these stocks may remain weak for quite some time. Comstock Resources Inc. (CRK): Engages in the acquisition, development, production, and exploration of oil and natural gas properties in the United States.
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73b3f51e-6e3a-4b72-8528-6abd458537dc
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720145.0
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2011-11-11 00:00:00 UTC
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Dillard’s Q3 Profit Surges 85%, but Shares Plunge Following Report (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-q3-profit-surges-85-shares-plunge-following-report-dds-2011-11-11
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nan
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nan
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted better-than-expected third quarter earnings results, but investors still sold the shares in droves in premarket trading.
The Little Rock, AR-based company reported third quarter net income of $26.6 million, or 50 cents per share, compared with $14.4 million, or 22 cents per share, in the year-ago period. Excluding a one-time gain, adjusted profit was 48 cents per share.
Sales edged higher from last year to $1.38 billion.
On average, Wall Street analysts expected a smaller profit of 32 cents per share, although it wasn't immediately known whether that estimate was comparable to Dillard's reported results. Analysts also expected lower revenue of $1.34 billion for the period.
Dillards CEO William Dillard, II, commented "Our 5% comparable store sales performance provided strong income momentum as we maintained gross margin and leveraged our operating expenses."
Dillard's shares fell $3.16, or -5.7%, in premarket trading Friday.
The Bottom Line
Shares of Dillard's ( DDS ) have a .36% dividend yield, based on last night's closing stock price of $55.17. The stock has technical support in the $48-$50 price area. If the stock can firm up, we see overhead resistance around the all-time highs of $60-$61 a share.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted better-than-expected third quarter earnings results, but investors still sold the shares in droves in premarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .36% dividend yield, based on last night's closing stock price of $55.17. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted better-than-expected third quarter earnings results, but investors still sold the shares in droves in premarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .36% dividend yield, based on last night's closing stock price of $55.17. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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The Bottom Line Shares of Dillard's ( DDS ) have a .36% dividend yield, based on last night's closing stock price of $55.17. Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted better-than-expected third quarter earnings results, but investors still sold the shares in droves in premarket trading. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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The Bottom Line Shares of Dillard's ( DDS ) have a .36% dividend yield, based on last night's closing stock price of $55.17. Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted better-than-expected third quarter earnings results, but investors still sold the shares in droves in premarket trading. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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ec8e39c3-1c2d-44b0-bca5-3f1b65cd7d91
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720146.0
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2011-11-07 00:00:00 UTC
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Retailer Stocks: Sales Come in Worse Than Expected...Again
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DDS
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https://www.nasdaq.com/articles/retailer-stocks-sales-come-worse-expectedagain-2011-11-07
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nan
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nan
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(Written by Rebecca Lipman. List compiled by Eben Esterhuizen, CFA)
October generally kicks off the year’s holiday shopping season, so when several U.S store chains reported disappointing October sales on Thursday morning, it gave investors and retailers some cause for concern.
“Major retailers ranging from Macy’s (M) and Saks (SKS) to those catering to more frugal shoppers like Target (TGT) and J.C. Penney (JCP) all reported lower-than-expected sales at stores open at least a year,” reports Reuters.
“Even companies that have regularly beaten Wall Street forecasts had a disappointing October.”
This comes in contradiction to the stock market’s overall increase in October and a competitive price-slashing approach taken on by many retailers – positive indications consumers would be more likely to spend.
But continued market volatility, high unemployment, uncertainty about the future, a directionless government, and a “barrage of scary headlines” have won out.
“This uncertainty, the news changing every day, it causes a freeze,” said Wharton School professor Barbara Kahn to Reuters.
Source: Thomson Reuters, company reports. Figures in parentheses are losses.
Retailers Hold Out Hope For A Profitable Holiday Season
Although October is typically the third-smallest month for sales, retailers are desperate for sale boosts and have made a decision to start off the holiday shopping season earlier than ever. The highly anticipated October sale reports numbers are supposed to serve as a forecast for that all-important season.
Not all reports were dismal. “Bright spots included Kohl’s (KSS), which reported a 3.9 percent gain, and Nordstrom (JWN) and Zumiez (ZUMZ), which also beat forecasts.”
Retailers are surely hoping the October numbers do not serve as an indication of how the holiday sales will play out.
Investing Ideas: Extreme Pessimism
So, which retail / consumer stocks are most vulnerable to a slowdown in consumer spending?
To help you find ideas, we collected data on about 180 consumer stocks. Below we’ve listed the names that have seen significant institutional selling. In addition, all of these companies have seen a sharp increase in shares shorted over the last month.
Sophisticated investors, like short sellers and hedge funds, think these consumer stocks are in deep trouble–do you agree?
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Net institutional sales in the current quarter at -5.4M shares, which represents about 17.9% of the company's float of 30.16M shares. Shares shorted have increased from 6.58M to 7.00M over the last month, an increase which represents about 1.39% of the company's float of 30.16M shares.
2. 99 Cents Stores (NDN): Engages in the retail sale of consumable general merchandise with focus on name-brand products. Net institutional sales in the current quarter at -5.1M shares, which represents about 11.68% of the company's float of 43.65M shares. Shares shorted have increased from 4.29M to 5.93M over the last month, an increase which represents about 3.76% of the company's float of 43.65M shares.
3. The Cheesecake Factory Incorporated (CAKE): Operates upscale, casual, and full-service dining restaurants in the United States. Net institutional sales in the current quarter at -1.8M shares, which represents about 3.44% of the company's float of 52.31M shares. Shares shorted have increased from 10.39M to 11.09M over the last month, an increase which represents about 1.34% of the company's float of 52.31M shares.
4. Companhia Brasileira de Distribuicao (CBD): Operates as a retailer of food products, clothing, home appliances, and other products through its chain of hypermarkets, supermarkets, specialized and department stores, convenience stores, and the Internet in Brazil. Net institutional sales in the current quarter at -7.4M shares, which represents about 8.85% of the company's float of 83.66M shares. Shares shorted have increased from 4.16M to 6.03M over the last month, an increase which represents about 2.24% of the company's float of 83.66M shares.
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 an apparel and home furnishing retailer in the United States. “Even companies that have regularly beaten Wall Street forecasts had a disappointing October.” This comes in contradiction to the stock market’s overall increase in October and a competitive price-slashing approach taken on by many retailers – positive indications consumers would be more likely to spend. But continued market volatility, high unemployment, uncertainty about the future, a directionless government, and a “barrage of scary headlines” have won out.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. List compiled by Eben Esterhuizen, CFA) October generally kicks off the year’s holiday shopping season, so when several U.S store chains reported disappointing October sales on Thursday morning, it gave investors and retailers some cause for concern. Net institutional sales in the current quarter at -5.4M shares, which represents about 17.9% of the company's float of 30.16M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Shares shorted have increased from 6.58M to 7.00M over the last month, an increase which represents about 1.39% of the company's float of 30.16M shares. Shares shorted have increased from 4.29M to 5.93M over the last month, an increase which represents about 3.76% of the company's float of 43.65M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. List compiled by Eben Esterhuizen, CFA) October generally kicks off the year’s holiday shopping season, so when several U.S store chains reported disappointing October sales on Thursday morning, it gave investors and retailers some cause for concern. Source: Thomson Reuters, company reports.
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4c39d56a-87b5-4751-915b-803b91175d4d
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720147.0
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2011-11-03 00:00:00 UTC
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EU Rally: How Long Will it Last?
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DDS
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https://www.nasdaq.com/articles/eu-rally-how-long-will-it-last-2011-11-03
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nan
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nan
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(List compiled by Eben Esterhuizen, CFA)
This past Wednesday’s European Union summit wasn’t the first attempt to fix the EU debt crisis, and it’s hardly the first hopeful market rally to come with it. Without immediate and clear results, will the enthusiastic response fade away as quickly as it has done before?
The New York Times writes: “The market’s quick embrace of the latest effort to tackle Greece’s mammoth debt burden and restore confidence in the continent’s banks reflected hope that this plan was broader and more robust than previous ones.”
Not Everyone Is Convinced “This is it”
But is it? Skeptics question if the new reform will be sufficient to clear Greece’s debt, and if funds are large enough to hold up the banks. “Moreover, they add, plenty of things will have to go right to ensure its success, and plenty could go wrong to derail it.”
The Greek debt hovers around $340 billion while the package bookmarks “only” $200 billion for the country, most of which is owed to banks. Most importantly, Italy has yet to receive the attention it needs to address its $2 trillion in debt. From there, the problem extends to Portugal, Spain and Ireland.
Spanish and French bond interest rates narrowed only slightly while Italy’s 10-year bond inched from 6% yield down to 5.8% after the eurozone package was announced. The minute adjustments show that investors are slow to accept the new package’s ability to turn things around.
And if the euro zone package fails, how many more rallies founded on hope will the economy have to offer?
If You Expect a Continuation in the Rally
If you expect the market to continue to rally, you might want to look at the names that have been beaten up over the last quarter. By that logic, if everyone starts turning optimistic on the economy’s outlook, these stocks could see some strong rebounds.
To create this list we started with a list of about 200 companies that have seen significant institutional selling during the current quarter. To refine the list, we identified the names that have seen a sharp increase in shares shorted over the last quarter (i.e. short sellers betting these stocks are going to decline)
To further refine the list, we collected data on levered free cash flow, and identified the names that appear to be undervalued relative to enterprise value.
These companies appear to be undervalued relative to enterprise value, which raises an important question: Is this extreme pessimism justified, especially when you consider the rebounding sentiment in the stock market?
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
List sorted by relative size of institutional selling.
1. Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Institutional investors have changed holdings by net -5.5M shares during the current quarter, which represents about 18.24% of the company's float of 30.16M shares. Shares shorted have increased from 6.58M to 7.00M over the last month, an increase which represents about 1.39% of the company's float of 30.16M shares. Levered free cash flow at $418.21M vs. enterprise value at $3.49B (implies a LFCF/EV ratio at 11.98%).
2. Comtech Telecommunications Corp. (CMTL): Designs and produces a wide range of telecom systems and services. Institutional investors have changed holdings by net -1.9M shares during the current quarter, which represents about 8.33% of the company's float of 22.81M shares. Shares shorted have increased from 2.09M to 2.48M over the last month, an increase which represents about 1.71% of the company's float of 22.81M shares. Levered free cash flow at $81.65M vs. enterprise value at $431.90M (implies a LFCF/EV ratio at 18.9%).
3. Coinstar Inc. (CSTR): Provides automated retail solutions primarily in the United States, Canada, Puerto Rico, the United Kingdom, and Ireland. Institutional investors have changed holdings by net -1.6M shares during the current quarter, which represents about 5.98% of the company's float of 26.74M shares. Shares shorted have increased from 11.13M to 11.43M over the last month, an increase which represents about 1.12% of the company's float of 26.74M shares. Levered free cash flow at $219.51M vs. enterprise value at $1.79B (implies a LFCF/EV ratio at 12.26%)
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 an apparel and home furnishing retailer in the United States. (List compiled by Eben Esterhuizen, CFA) This past Wednesday’s European Union summit wasn’t the first attempt to fix the EU debt crisis, and it’s hardly the first hopeful market rally to come with it. The New York Times writes: “The market’s quick embrace of the latest effort to tackle Greece’s mammoth debt burden and restore confidence in the continent’s banks reflected hope that this plan was broader and more robust than previous ones.” Not Everyone Is Convinced “This is it” But is it?
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Institutional investors have changed holdings by net -5.5M shares during the current quarter, which represents about 18.24% of the company's float of 30.16M shares. Institutional investors have changed holdings by net -1.9M shares during the current quarter, which represents about 8.33% of the company's float of 22.81M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. To refine the list, we identified the names that have seen a sharp increase in shares shorted over the last quarter (i.e. short sellers betting these stocks are going to decline) To further refine the list, we collected data on levered free cash flow, and identified the names that appear to be undervalued relative to enterprise value. Institutional investors have changed holdings by net -5.5M shares during the current quarter, which represents about 18.24% of the company's float of 30.16M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Skeptics question if the new reform will be sufficient to clear Greece’s debt, and if funds are large enough to hold up the banks. To refine the list, we identified the names that have seen a sharp increase in shares shorted over the last quarter (i.e. short sellers betting these stocks are going to decline) To further refine the list, we collected data on levered free cash flow, and identified the names that appear to be undervalued relative to enterprise value.
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ce9959f9-5b76-4a9f-a48a-fdb6ab636ac8
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720148.0
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2011-09-21 00:00:00 UTC
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Contrarian Watch: Equity Withdrawals Surpass Outflows From Lehman Collapse
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DDS
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https://www.nasdaq.com/articles/contrarian-watch-equity-withdrawals-surpass-outflows-lehman-collapse-2011-09-21
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nan
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nan
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(Article by Becca Lipman. List compiled by Eben Esterhuizen, CFA. Institutional data sourced from Fidelity. Levered Free Cash Flow data sourced from Yahoo! Finance.)
Roughly $75 billion has been withdrawn from US equities in the trailing five months, eclipsing the $73 billion outflows in the five months following the Lehman Brothers collapse, reports Bloomberg. Investors who continue to abandon the markets are adding to the "$2.1 trillion rout in American stocks."
It seems retail investors are more bearish on stocks now than they were after the Lehman bankruptcy. Severe pessimism has taken hold. Bears argue that there is "no end in sight to the decline" that began in August. Investors see the market's unforgiving volatility and record high correlation to the political stage, and many prefer to retreat.
In contrast, bulls are finding a silver lining in what they see as an opportunity-rich market. They are acting like contrarian investors, going against the crowd and searching for opportunity in unpopular positions.
One common mindset of contrarians is that excessive sentiment (either bearish or bullish) can lead to a mispriced stock, which becomes an investing opportunity as the market corrects itself. That's not to say that pinpointing "excessive" sentiment is an easy task.
"Bulls say the retreat by individuals has been a reason to buy since the bull market began in March 2009 and withdrawals mean money is available to buy stocks in the future," according to Bloomberg.
Looking for contrarian ideas? We created a list using the contrarian mindset.
We started with a universe of about 200 stocks that have seen significant institutional selling during the current quarter and then identified the most undervalued stocks relative to free cash flow. To further refine the list, we collected data on short trends, and identified the companies that have seen a significant decrease in shares shorted over the last month, a bullish change.
Short sellers think most of the bad news is priced into these undervalued stocks that have been dumped by institutional investors--do you agree?
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
List sorted alphabetically.
1. Cephalon Inc. (CEPH): Engages in the discovery, development, and commercialization of products for central nervous system, inflammatory disease, pain, and oncology therapeutic areas. During the current quarter, institutional investors have changed their holdings by -13.2M shares, which represents about 18.67% of the company's float of 70.71M shares. Shares shorted have decreased from 11.39M to 9.92M over the last month, a decrease which represents about 2.08% of the company's float of 70.71M shares. Levered free cash flow at $675.44M vs. enterprise value at $6.40B (implies a LFCF/EV ratio at 10.55%).
2. Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. During the current quarter, institutional investors have changed their holdings by -4.0M shares, which represents about 13.67% of the company's float of 29.26M shares. Shares shorted have decreased from 7.55M to 7.03M over the last month, a decrease which represents about 1.78% of the company's float of 29.26M shares. Levered free cash flow at $418.21M vs. enterprise value at $3.24B (implies a LFCF/EV ratio at 12.91%).
3. Dex One Corporation (DEXO): Operates as a marketing solutions company. During the current quarter, institutional investors have changed their holdings by -4.6M shares, which represents about 11.67% of the company's float of 39.42M shares. Shares shorted have decreased from 5.25M to 4.73M over the last month, a decrease which represents about 1.32% of the company's float of 39.42M shares. Levered free cash flow at $369.10M vs. enterprise value at $2.49B (implies a LFCF/EV ratio at 14.82%).
4. Lexmark International Inc. (LXK): Develops, manufactures, and supplies printing and imaging solutions for offices. During the current quarter, institutional investors have changed their holdings by -8.5M shares, which represents about 10.85% of the company's float of 78.36M shares. Shares shorted have decreased from 8.43M to 6.82M over the last month, a decrease which represents about 2.05% of the company's float of 78.36M shares. Levered free cash flow at $277.29M vs. enterprise value at $1.84B (implies a LFCF/EV ratio at 15.07%).
5. Medifast Inc. (MED): Engages in the production, distribution, and sale of weight management and disease management products, and other consumable health and diet products in the United States. During the current quarter, institutional investors have changed their holdings by -918.8K shares, which represents about 7.82% of the company's float of 11.75M shares. Shares shorted have decreased from 4.20M to 3.90M over the last month, a decrease which represents about 2.55% of the company's float of 11.75M shares. Levered free cash flow at $24.47M vs. enterprise value at $203.88M (implies a LFCF/EV ratio at 12.%).
6. China Valves Technology, Inc. (CVVT): Engages in developing, manufacturing, and selling low, medium, and high-pressure metal valves for customers in the electricity, petroleum, chemical, water, gas, nuclear power station, and metal industries in China. During the current quarter, institutional investors have changed their holdings by -1.6M shares, which represents about 7.79% of the company's float of 20.53M shares. Shares shorted have decreased from 2.40M to 2.19M over the last month, a decrease which represents about 1.02% of the company's float of 20.53M shares. Levered free cash flow at $9.04M vs. enterprise value at $51.62M (implies a LFCF/EV ratio at 17.51%).
7. ReneSola Ltd. (SOL): Engages in the manufacture and sale of solar wafers and solar power products. During the current quarter, institutional investors have changed their holdings by -3.6M shares, which represents about 5.94% of the company's float of 60.63M shares. Shares shorted have decreased from 8.66M to 7.52M over the last month, a decrease which represents about 1.88% of the company's float of 60.63M shares. Levered free cash flow at $124.51M vs. enterprise value at $576.41M (implies a LFCF/EV ratio at 21.6%).
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.
|
Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. Investors see the market's unforgiving volatility and record high correlation to the political stage, and many prefer to retreat. One common mindset of contrarians is that excessive sentiment (either bearish or bullish) can lead to a mispriced stock, which becomes an investing opportunity as the market corrects itself.
|
Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. During the current quarter, institutional investors have changed their holdings by -13.2M shares, which represents about 18.67% of the company's float of 70.71M shares. During the current quarter, institutional investors have changed their holdings by -4.0M shares, which represents about 13.67% of the company's float of 29.26M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. During the current quarter, institutional investors have changed their holdings by -13.2M shares, which represents about 18.67% of the company's float of 70.71M shares. During the current quarter, institutional investors have changed their holdings by -4.0M shares, which represents about 13.67% of the company's float of 29.26M shares.
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Dillard's Inc. (DDS): Operates as an apparel and home furnishing retailer in the United States. It seems retail investors are more bearish on stocks now than they were after the Lehman bankruptcy. We created a list using the contrarian mindset.
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3b40adf0-a86e-429d-aa1b-a2aea51b759e
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720149.0
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2011-08-12 00:00:00 UTC
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Dillard’s Q2 Profit Rises, but Shares Fall (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-q2-profit-rises-shares-fall-dds-2011-08-12
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nan
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nan
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Apparel and home goods retailer Dillard's, Inc. ( DDS ) late Thursday posted better-than-expected second quarter earnings, aided by one-time gains resulting from the sale of its stake in a mall venture.
The Little Rock, Arkansas-based company reported second quarter net income of $17.6 million, or 32 cents per share, compared with just $6.8 million, or 10 cents per share, in the year-ago period. Excluding the one-time benefit, adjusted profit was 30 cents per share.
On average, Wall Street analysts expected a smaller profit of 25 cents per share.
Despite the seemingly positive earnings results, Dillard's shares fell $2.80, or -5.5%, in premarket trading Friday.
The Bottom Line
Shares of Dillard's Inc. ( DDS ) have a .39% dividend yield, based on last night's closing stock price of $50.75. The stock has technical support in the $43-$45 price area. If the shares can firm up, we see overhead resistance around the $54-$55 price levels.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Apparel and home goods retailer Dillard's, Inc. ( DDS ) late Thursday posted better-than-expected second quarter earnings, aided by one-time gains resulting from the sale of its stake in a mall venture. The Bottom Line Shares of Dillard's Inc. ( DDS ) have a .39% dividend yield, based on last night's closing stock price of $50.75. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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Apparel and home goods retailer Dillard's, Inc. ( DDS ) late Thursday posted better-than-expected second quarter earnings, aided by one-time gains resulting from the sale of its stake in a mall venture. The Bottom Line Shares of Dillard's Inc. ( DDS ) have a .39% dividend yield, based on last night's closing stock price of $50.75. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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Apparel and home goods retailer Dillard's, Inc. ( DDS ) late Thursday posted better-than-expected second quarter earnings, aided by one-time gains resulting from the sale of its stake in a mall venture. The Bottom Line Shares of Dillard's Inc. ( DDS ) have a .39% dividend yield, based on last night's closing stock price of $50.75. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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The Bottom Line Shares of Dillard's Inc. ( DDS ) have a .39% dividend yield, based on last night's closing stock price of $50.75. Apparel and home goods retailer Dillard's, Inc. ( DDS ) late Thursday posted better-than-expected second quarter earnings, aided by one-time gains resulting from the sale of its stake in a mall venture. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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f496305d-522c-4528-84df-6e3e0232b6eb
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720150.0
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2011-08-12 00:00:00 UTC
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Market Wrap-Up for Aug.12 (DDS, JWN, DV, WYNN, HD, WMT, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-aug12-dds-jwn-dv-wynn-hd-wmt-more-2011-08-12
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nan
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nan
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The current sentiment from market pundits is that stocks will rally whenever gold prices fall. As I mentioned the other day, this inverse relationship between stock prices and gold prices is no longer a given. In fact, gold prices have been climbing for years in lock-step with the equities markets since the March 2009 lows. I, for one, am not putting much stock into the traditional gold/stocks theory as we assess current market opportunities.
As we get set to wrap up another crazy week in the markets, we remain on our toes to make sure our "Best Dividend Stocks" List is populated only with the best possible current investment ideas. Be sure to check out this morning's post with further recommendation changes if you didn't read the e-mail alert we sent out earlier.
Looking at today's dividend movers, earnings played a factor in helping shares of Nordstrom Inc. ( JWN ) move higher. On the flip side, Dillard's ( DDS ), DeVry ( DV ), and J.C. Penney ( JCP ) saw some selling pressure from their results. Wall Street upgrades were once again out in earnest. Getting a boost from those upgrades were shares of Wynn Resorts ( WYNN ) (China gaming has carried the gains, but will the slowdown in Asia start becoming a factor?), and Wyndham Worldwide ( WYN ) (although the hotel and lodging sector showing signs of breaking down).
Jobs Remain Key
As politicians push the debt ceiling fiasco behind us (until the next time it comes up), I hope the focus shifts to getting the job market back in gear. Late yesterday, the Postal Service announced it will be looking to shed 120,000 jobs by 2015 as it tries to stem its recent losses. That amount of layoffs certainly won't help matters. A stronger job market is essential to getting the real estate market flowing in a normal pattern. What I mean by "normal" is that people can sell their house if need be. Right now, most of the inventory simply isn't moving.
Millions of baby boomers will likely look to sell their homes in coming years as they approach retirement. Unfortunately, many baby boomers have the bulk of their retirement locked up in their homes, figuring it was a safe haven to do so. Falling home prices are devastating to homeowners who have completely paid off their mortgages and have few other income sources to tap for retirement income. Home buyers right now are few and far between, and the flow of younger people into homes has been significantly disrupted. What's more, baby boomers aren't likely to invest more money into their homes through renovations. As you can see, the weak job market is major cloud hanging over our current economy.
The Reality of an Aging Population
The population here in the U.S. is aging and the strain on Social Security and Medicare has become front and center, but we've heard little in terms of solutions on how to tackle the problem. We've been sharing some of the more poignant data points we've uncovered with readers, and below is a partial recap of some of the most important stats.
- There were 36 million "senior" Americans in 2000. There will be 70 million by 2030. (Census Bureau)
- Back in 1950 each retiree's Social Security benefit was paid for by 16 workers. Today, each retiree's Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree.
- 35% of Americans over the age of 65 rely almost totally on Social Security alone.
Clearly, finding the right strategy for investing is essential (and we wholeheartedly believe in dividend investing as the solution for readers out there). Investing isn't a sprint, it's a marathon. Veer off course, and your road to success will get longer.
Soda's Gone Flat
Let's look at a recent example with a stock that was in the news yesterday. Sodastream ( SODA ) had been getting tons of coverage on CNBC, including a blindfold taste test with none other than Jim Cramer. We warned investors back in July about getting caught up in these "fad" stocks that they may see on television or read about in newspapers. Anyway, SODA reported earnings results yesterday and proceeded to drop from $68 a share to $46 by the end of the day. I can't stress it enough: leave the fad/hype stocks to traders willing to risk their capital. Instead, get back to the basics of building wealth utilizing compound interest and that is by buying assets that produce income.
Scaling into positions is the best approach for someone that has money they would like to put to work. You see, the job of investing is not a one-day hit-and-run event. It is, as I always tend to say, like taking care of a garden. If you begin to neglect the garden, it won't be long before the weeds sprout up everywhere and the harvest becomes less and less productive. Don't ever get bored. Stay methodical, look for opportunities, and remain on course by putting funds to work in quality dividend-paying stocks. We always aim to have the "recommended" stocks on our list as names we would either initiate a position in or even add to existing positions. More importantly, begin to use more and more of your savings if you can afford to, and start putting it to work for your retirement or other big event in your life.
Big Earnings Out Next Week
Looking ahead to next week, quarterly earnings will continue to trickle in as continue to see how well corporate America did in the second quarter. Watch for earnings results from the likes of Home Depot ( HD ), Wal-Mart Stores ( WMT ), and Hewlett Packard ( HPQ ), just to name a few.
Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading "Best Dividend Stocks" List .
Thanks for reading my newsletter, everybody! Please pass this on to anyone you think we can get inspired and educated about building wealth and using common sense to do so.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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 the flip side, Dillard's ( DDS ), DeVry ( DV ), and J.C. Penney ( JCP ) saw some selling pressure from their results. As we get set to wrap up another crazy week in the markets, we remain on our toes to make sure our "Best Dividend Stocks" List is populated only with the best possible current investment ideas. Watch for earnings results from the likes of Home Depot ( HD ), Wal-Mart Stores ( WMT ), and Hewlett Packard ( HPQ ), just to name a few.
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On the flip side, Dillard's ( DDS ), DeVry ( DV ), and J.C. Penney ( JCP ) saw some selling pressure from their results. (Census Bureau) - Back in 1950 each retiree's Social Security benefit was paid for by 16 workers. Today, each retiree's Social Security benefit is paid for by approximately 3.3 workers.
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On the flip side, Dillard's ( DDS ), DeVry ( DV ), and J.C. Penney ( JCP ) saw some selling pressure from their results. As we get set to wrap up another crazy week in the markets, we remain on our toes to make sure our "Best Dividend Stocks" List is populated only with the best possible current investment ideas. What's more, baby boomers aren't likely to invest more money into their homes through renovations.
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On the flip side, Dillard's ( DDS ), DeVry ( DV ), and J.C. Penney ( JCP ) saw some selling pressure from their results. As we get set to wrap up another crazy week in the markets, we remain on our toes to make sure our "Best Dividend Stocks" List is populated only with the best possible current investment ideas. Millions of baby boomers will likely look to sell their homes in coming years as they approach retirement.
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c6a3d896-9e94-4870-8064-57690ebbc71f
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720151.0
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2011-08-01 00:00:00 UTC
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DDS Stock Is Priced Right
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DDS
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https://www.nasdaq.com/articles/dds-stock-priced-right-2011-08-01
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nan
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nan
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Dillard's (NYSE: DDS ) - This chain of 300 department stores operates mostly in the South and Midwest. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines. These efforts have been so successful that a number of research firms have increased their rating on the company. And earnings are estimated to be at a rate of 6%, which is greater than the industry for both 2011 and 2012.
Technically the stock broke to a new high and then retreated on profit-taking to its 50-day moving average where it should be bought. The trading target for DDS is $67 to $70.
See Sam Collins' Daily Market Outlook: One Sector You May be Able to Count On See Serge Berger's Daily Market Outlook: How High Could a Rally Take Us? See Serge Berger's Trade of the Day: Short XLI on a Relief Rally
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 (NYSE: DDS ) - This chain of 300 department stores operates mostly in the South and Midwest. The trading target for DDS is $67 to $70. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines.
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Dillard's (NYSE: DDS ) - This chain of 300 department stores operates mostly in the South and Midwest. The trading target for DDS is $67 to $70. See Sam Collins' Daily Market Outlook: One Sector You May be Able to Count On See Serge Berger's Daily Market Outlook: How High Could a Rally Take Us?
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Dillard's (NYSE: DDS ) - This chain of 300 department stores operates mostly in the South and Midwest. The trading target for DDS is $67 to $70. These efforts have been so successful that a number of research firms have increased their rating on the company.
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The trading target for DDS is $67 to $70. Dillard's (NYSE: DDS ) - This chain of 300 department stores operates mostly in the South and Midwest. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines.
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7dee665b-286c-4c05-86cb-ef775b7f49d7
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720152.0
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2011-07-13 00:00:00 UTC
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Dillard’s Stock Will Have You Looking Sharp
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DDS
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https://www.nasdaq.com/articles/dillards-stock-will-have-you-looking-sharp-2011-07-13
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nan
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nan
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Dillard's (NYSE: DDS ) - This department store chain operates 300 stores mostly in the South andMidwest. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines.
These efforts have been so successful that a number of research firms have increased their rating on the company. Earnings are estimated to improve at a rate greater than the industry for both 2011 and 2012.
Technically, the stock has been hugging its 50-day moving average and bullish support line since April. But last week, it broke from a triple-top with a target of $67 to $70.
See Sam Collins' Daily Market Outlook: 3 Sectors Investors Should Pay Close Attention See Serge Berger's Daily Market Outlook: Defensive Market Suggests Wait-and-See Approach See Serge Berger's Trade of the Day: Coinstar Should Deliver More Than Chump Change
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 (NYSE: DDS ) - This department store chain operates 300 stores mostly in the South andMidwest. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines. Technically, the stock has been hugging its 50-day moving average and bullish support line since April.
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Dillard's (NYSE: DDS ) - This department store chain operates 300 stores mostly in the South andMidwest. See Sam Collins' Daily Market Outlook: 3 Sectors Investors Should Pay Close Attention See Serge Berger's Daily Market Outlook: Defensive Market Suggests Wait-and-See Approach See Serge Berger's Trade of the Day: Coinstar Should Deliver More Than Chump Change 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 (NYSE: DDS ) - This department store chain operates 300 stores mostly in the South andMidwest. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines. See Sam Collins' Daily Market Outlook: 3 Sectors Investors Should Pay Close Attention See Serge Berger's Daily Market Outlook: Defensive Market Suggests Wait-and-See Approach See Serge Berger's Trade of the Day: Coinstar Should Deliver More Than Chump Change 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 (NYSE: DDS ) - This department store chain operates 300 stores mostly in the South andMidwest. Management has concentrated on improving its profitability and has focused on a more attractive merchandise list while eliminating unprofitable lines. These efforts have been so successful that a number of research firms have increased their rating on the company.
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ea346e2f-392f-4f36-92d6-45d2d9acb3e6
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720153.0
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2011-05-13 00:00:00 UTC
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Dillard’s Shares Skyrocket as Q1 Earnings Blow Away Expectations (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-shares-skyrocket-q1-earnings-blow-away-expectations-dds-2011-05-13
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nan
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nan
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted much-better-than-expected first quarter earnings results, sending its shares soaring in premarket trading.
The Little Rock, AR-based company reported first quarter net income of $76.7 million, or $1.31 per share, compared with $48.8 million, or 68 cents per share, in the year-ago period.
Revenue edged slightly higher from last year to $1.47 billion.
On average, Wall Street analysts expected a much lower profit of 91 cents per share, on matching revenue of $1.47 billion.
The company noted it would begin to build inventory back up in its stores due to growing demand for its products.
Dillard's shares rose $6.68, or +14%, in premarket trading Friday.
The Bottom Line
Shares of Dillard's ( DDS ) have a .33% dividend yield, based on last night's closing stock price of $48.59. The stock has technical support in the $43-$45 price area. The shares are trading near all-time highs and have little overhead resistance.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted much-better-than-expected first quarter earnings results, sending its shares soaring in premarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .33% dividend yield, based on last night's closing stock price of $48.59. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted much-better-than-expected first quarter earnings results, sending its shares soaring in premarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .33% dividend yield, based on last night's closing stock price of $48.59. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted much-better-than-expected first quarter earnings results, sending its shares soaring in premarket trading. The Bottom Line Shares of Dillard's ( DDS ) have a .33% dividend yield, based on last night's closing stock price of $48.59. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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The Bottom Line Shares of Dillard's ( DDS ) have a .33% dividend yield, based on last night's closing stock price of $48.59. Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted much-better-than-expected first quarter earnings results, sending its shares soaring in premarket trading. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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c4bf173e-480c-475a-920c-12b0baa8a9a6
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720154.0
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2011-05-13 00:00:00 UTC
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Market Wrap-Up for May 13 (DDS, GS, AET, JPM, JWN, WMT, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-may-13-dds-gs-aet-jpm-jwn-wmt-more-2011-05-13
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nan
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nan
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The market saw an acceleration of selling as we headed into lunchtime, and investors decided to call it a week at that point.
There were a few bright spots, including retailer Dillard's ( DDS ), closing up 15% and hitting all-time highs after the company reported much better-than-expected earnings results this morning. Several leading healthcare plays closed with gains following Citigroup's sector upgrade this morning. Leading those gains were Aetna ( AET ) and Cigna ( CI ). Disappointing earnings from Nordstrom Inc. ( JWN ) and CA Inc. ( CA ) pushed those stocks lower.
Also weak were the financials, with names like JP Morgan ( JPM ) and Northern Trust ( NTRS ) leading the way lower. Goldman Sachs ( GS ) was down once again, building on yesterday's sell call from influential analyst Dick Bove, who sees federal investigation risks pushing shares lower. We continue to be super-selective in the financial space.
There was a great snippet in this year's annual shareholder letter from Warren Buffett to Berkshire Hathaway shareholders. Believe it or not, within the next 10 years, Berkshire Hathaway is likely to collect more dividends per year from their stake in Coca-Cola ( KO ) than what was their original investment in the company. Granted, Warren Buffett owns nearly 9% of the outstanding shares of Coca-Cola, but it still reminds us all how incredible compound interest is when it comes to building wealth. I couldn't venture to guess what the annual yield of his investment now produces, but you can bet it is certainly way into double-digits (not including any stock price appreciation!).
When it comes to compounding interest, the sooner you start, the better the returns will be. That's why it's key to pass on this information to the younger generations. You also need to remain methodical when it comes to putting capital to work. Look for the best names each month you can put some of your hard-earned money in.
You normally won't see amazing results in the first few years, but like in Warren Buffett's case above, many years later the yields will be fantastic as quality companies consistently raise their payouts.
If you are a late starter, you still have time to build a healthy nest egg. For example, if you are about to turn 50 years of age and don't have a dime in savings, you can start making a Roth IRA contribution ($5K/year currently, but in addition to the "standard" contribution limits, taxpayers age 50 and over are eligible to make a Roth IRA catch-up contribution of an additional $1K/year). If you were to invest $5K per year for every year in your 50s, each $5K you invest would grow into over $40K after 20 years (based on average annual returns of 11% for quality dividend-paying stocks). So you see, it's never too late to get started - as long as you're investing in the right dividend-paying stocks!
Whether you work for yourself or someone else, successful people continually look for opportunities to grow their capital, while the less successful put their financial security in the hands of others. It's never too early or too late to become a dividend investor. The key is once you start, you need to stay consistent and make money available to go to work for you. It really is that simple. Our Best Dividend Stocks List is always there to simplify the process of finding your next investment. Don't count on the government or your employer to set you up for a remarkable retirement - take control, do your own research, and create the comfortable lifestyle you dream about.
I always feel that optimism is a good thing. For investors, it doesn't hurt to start feeling better about where things are today economically, as opposed to the low spirits many felt when the banking system was imploding a few years ago. That doesn't mean to go crazy buying as many stocks as possible right this minute, but for some investors, it's high time to get over the "Wall Street is rigged and no one can make money in the markets" mentality. I've been analyzing the markets for a long time, so I'm certainly not naive enough to think that there aren't "insiders" out there that use underhanded means to profit immensely. But at the same time, nothing is preventing us small-time investors from making a bunch of money, too.
In summary, starting as early as possible, staying with a discipline to keep putting your money to work, and being patient and not touching the money is critical. Maxing out your contributions each year for your IRA's and 401K plans (if your employer matches) is also vital.
As we look ahead to next week's quarterly results, we will be getting reports from companies such as Home Depot ( HD ), Wal-Mart Stores ( WMT ), Deere ( DE ), and Abercrombie & Fitch ( ANF ), just to name a few.
Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List"What's New on Dividend.com Premium" post we published this week, as well. We've added a ton of new features to our service over the past few months!
Thanks for your support everybody and thanks for reading my newsletter too! Please pass this on to anyone you think we can get inspired and educated about building wealth and using common sense to do so.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
There were a few bright spots, including retailer Dillard's ( DDS ), closing up 15% and hitting all-time highs after the company reported much better-than-expected earnings results this morning. Goldman Sachs ( GS ) was down once again, building on yesterday's sell call from influential analyst Dick Bove, who sees federal investigation risks pushing shares lower. For investors, it doesn't hurt to start feeling better about where things are today economically, as opposed to the low spirits many felt when the banking system was imploding a few years ago.
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There were a few bright spots, including retailer Dillard's ( DDS ), closing up 15% and hitting all-time highs after the company reported much better-than-expected earnings results this morning. Disappointing earnings from Nordstrom Inc. ( JWN ) and CA Inc. ( CA ) pushed those stocks lower. There was a great snippet in this year's annual shareholder letter from Warren Buffett to Berkshire Hathaway shareholders.
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There were a few bright spots, including retailer Dillard's ( DDS ), closing up 15% and hitting all-time highs after the company reported much better-than-expected earnings results this morning. For example, if you are about to turn 50 years of age and don't have a dime in savings, you can start making a Roth IRA contribution ($5K/year currently, but in addition to the "standard" contribution limits, taxpayers age 50 and over are eligible to make a Roth IRA catch-up contribution of an additional $1K/year). If you were to invest $5K per year for every year in your 50s, each $5K you invest would grow into over $40K after 20 years (based on average annual returns of 11% for quality dividend-paying stocks).
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There were a few bright spots, including retailer Dillard's ( DDS ), closing up 15% and hitting all-time highs after the company reported much better-than-expected earnings results this morning. If you were to invest $5K per year for every year in your 50s, each $5K you invest would grow into over $40K after 20 years (based on average annual returns of 11% for quality dividend-paying stocks). So you see, it's never too late to get started - as long as you're investing in the right dividend-paying stocks!
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f4f936a6-30c5-438f-b87b-41aa7578b0b0
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720155.0
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2011-03-21 00:00:00 UTC
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Trader hits sell button on Dillard's
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DDS
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https://www.nasdaq.com/articles/trader-hits-sell-button-dillards-2011-03-21
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nan
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nan
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Dillard's seems to be rolling over, and one investor is hitting the sell button.
optionMONSTER's Depth Charge tracking program detected the purchase of 5,000 May 35 puts for $1.30 and the sale of an equal number of May 38 calls for an average premium of $3.92. Volume was more than 8 times open interest in both strikes.
The investor, who probably owns shares in the department-store company, collected a credit of $2.62. The resulting position will let them exit the stock at a maximum price of $40.62 if it's anywhere over $38 on expiration.
Below that level, they've locked in a minimum price of $37.62 thanks to the credit and the puts at the 35 strike. The trade is an example of how options can be used to manage risk. The drawback of the strategy is that they relinquish any gains if DDS stages a sharp rally. See our Education Section for more.
The shares are up 1.87 percent to $40 in early afternoon trading. They more than doubled between August and last month, but gapped lower on March 3 after same-store sales missed estimates.
DDS has been flattening since the beginning of the year, and in January reversed after hitting a 13-year high above $44. That turnaround, plus the bearish gap this month, could make some chart watchers bearish on the name.
Overall options volume in the stock is 21 times greater than average so far today.
(Chart courtesy of tradeMONSTER)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
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 has been flattening since the beginning of the year, and in January reversed after hitting a 13-year high above $44. The drawback of the strategy is that they relinquish any gains if DDS stages a sharp rally. optionMONSTER's Depth Charge tracking program detected the purchase of 5,000 May 35 puts for $1.30 and the sale of an equal number of May 38 calls for an average premium of $3.92.
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The drawback of the strategy is that they relinquish any gains if DDS stages a sharp rally. DDS has been flattening since the beginning of the year, and in January reversed after hitting a 13-year high above $44. That turnaround, plus the bearish gap this month, could make some chart watchers bearish on the name.
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The drawback of the strategy is that they relinquish any gains if DDS stages a sharp rally. DDS has been flattening since the beginning of the year, and in January reversed after hitting a 13-year high above $44. optionMONSTER's Depth Charge tracking program detected the purchase of 5,000 May 35 puts for $1.30 and the sale of an equal number of May 38 calls for an average premium of $3.92.
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The drawback of the strategy is that they relinquish any gains if DDS stages a sharp rally. DDS has been flattening since the beginning of the year, and in January reversed after hitting a 13-year high above $44. The investor, who probably owns shares in the department-store company, collected a credit of $2.62.
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d575ce51-16c9-4cc5-8fe4-3cccbd942f68
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720156.0
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2011-02-23 00:00:00 UTC
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Dillard’s Q4 Profit Surges 38% on Higher Sales (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-q4-profit-surges-38-higher-sales-dds-2011-02-23
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nan
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nan
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Tuesday said its fourth quarter profit jumped 38% from last year on higher sales, beating analyst estimates.
The Little Rock, AR-based company reported forth quarter net income of $109.6 million, or $1.75 per share, compared with $79.5 million, or $1.08 per share, in the year-ago period. Excluding special items, adjusted profit was $1.55 per share.
On average, Wall Street analysts expected a smaller profit of $1.38 per share.
Dillard's also said that quarterly revenue rose more than 5% from last year to $1.98 billion, while same-store sales jumped 7%. Same-store sales are a key indicator of a retailer's health, since they measure the performance of stores open at least one year.
Dillard's shares rose $2.05, or +5.1%, in premarket trading Wednesday.
The Bottom Line
Shares of Dillard's ( DDS ) have a .40% dividend yield, based on last night's closing stock price of $40.45. The stock has technical support in the $35 price area. If the shares can build on today's news, we see overhead resistance around the $42-$45 price levels.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Tuesday said its fourth quarter profit jumped 38% from last year on higher sales, beating analyst estimates. The Bottom Line Shares of Dillard's ( DDS ) have a .40% dividend yield, based on last night's closing stock price of $40.45. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Tuesday said its fourth quarter profit jumped 38% from last year on higher sales, beating analyst estimates. The Bottom Line Shares of Dillard's ( DDS ) have a .40% dividend yield, based on last night's closing stock price of $40.45. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Tuesday said its fourth quarter profit jumped 38% from last year on higher sales, beating analyst estimates. The Bottom Line Shares of Dillard's ( DDS ) have a .40% dividend yield, based on last night's closing stock price of $40.45. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) late Tuesday said its fourth quarter profit jumped 38% from last year on higher sales, beating analyst estimates. The Bottom Line Shares of Dillard's ( DDS ) have a .40% dividend yield, based on last night's closing stock price of $40.45. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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191e6409-b3a8-4c83-a815-31d4a9908573
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720157.0
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2011-01-24 00:00:00 UTC
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Collar trade bets Dillard run will end
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DDS
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https://www.nasdaq.com/articles/collar-trade-bets-dillard-run-will-end-2011-01-24
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nan
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nan
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One investor is heading for the exit as Dillard's trades at its highest level since 1998.
optionMONSTER's Depth Charge tracking system detected the sale of 5,000 March 39 calls for $3.70 and the purchase of 5,000 March 36 puts for $1.12. There was no open interest in either strike when the session began.
The trade was probably the work of an investor who has been long the stock and is now looking to protect gains. Selling the calls and buying the puts allows the trader to collect a credit of $2.58 and will ensure a minimum exit price of $38.58 on the shares. It also caps the potential upside at $41.58.
DDS fell 0.15 percent to $40.67 in early afternoon trading. The department-store operator has rallied 55 percent in the last three months amid strong same-store sales growth as bears covered short positions. Its last earnings release on Nov. 12 showed a big profit gain as margins widened.
The rally has brought the stock back to its peaks from 1997 and 1998. Some chart watchers may expect resistance at these levels that will slow further advances.
Today's trade, known as a collar, reflects that belief. It pushed total options volume in DDS to 24 times greater than average. (See our Education section)
(Chart courtesy of tradeMONSTER)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
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 fell 0.15 percent to $40.67 in early afternoon trading. It pushed total options volume in DDS to 24 times greater than average. Selling the calls and buying the puts allows the trader to collect a credit of $2.58 and will ensure a minimum exit price of $38.58 on the shares.
|
DDS fell 0.15 percent to $40.67 in early afternoon trading. It pushed total options volume in DDS to 24 times greater than average. One investor is heading for the exit as Dillard's trades at its highest level since 1998. optionMONSTER's Depth Charge tracking system detected the sale of 5,000 March 39 calls for $3.70 and the purchase of 5,000 March 36 puts for $1.12.
|
DDS fell 0.15 percent to $40.67 in early afternoon trading. It pushed total options volume in DDS to 24 times greater than average. One investor is heading for the exit as Dillard's trades at its highest level since 1998. optionMONSTER's Depth Charge tracking system detected the sale of 5,000 March 39 calls for $3.70 and the purchase of 5,000 March 36 puts for $1.12.
|
DDS fell 0.15 percent to $40.67 in early afternoon trading. It pushed total options volume in DDS to 24 times greater than average. One investor is heading for the exit as Dillard's trades at its highest level since 1998. optionMONSTER's Depth Charge tracking system detected the sale of 5,000 March 39 calls for $3.70 and the purchase of 5,000 March 36 puts for $1.12.
|
eced4f8e-9d28-4495-a4bd-7e23a97f08e8
|
720158.0
|
2010-11-29 00:00:00 UTC
|
Are There Deals to be had in Retail Stocks?
|
DDS
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https://www.nasdaq.com/articles/are-there-deals-be-had-retail-stocks-2010-11-29
|
nan
|
nan
|
Recession be damned, Americans appear determined to spend what they can this holiday season.
MarketWatch reports that the National Retail Federation survey indicated that the number of shoppers jumped 8.7 percent over the four day holiday weekend, and that average spending rose 6.4 percent.
Hopefully the rise in spending was done responsibly. The recession should have taught many consumers the downfall of too much leverage. If they have learned their lesson they won't foolishly run up debt in the countdown to Hanukkah, Christmas or Kwanza.
Now with the Black Friday kickoff to the shopping season in the books, retailers have a better idea of what to expect for the rest of the year.
And it appears that a little luxury is on many shopping lists. According to the MasterCard Advisors' SpendingPulse survey, in the first 18 days of November luxury goods sales were up 6.7 percent and jewelry spending increased 8.1 percent over the same period last year.
So far I haven't seen any jewelry stocks that truly interest me, although I still like this gold grading company that pays an 8.9 percent dividend .
The wealthy probably fared better than many others in this latest recession, so I've been looking at where they shop to see if I can find small cap stock bargains for investors.
***A stock that should interest value investors is Dillard's ( DDS ), a regional department store chain which shot up 53 percent in the past three months. Dillard's pays a .5 percent dividend, and while projected sales growth is pretty flat, earnings are growing. I think the company still has room to grow, as this Forbes blog points out. Dillard's has a forward P/E of 14, indicating that shares are more reasonably priced as compared to competitors.
Another stock I'm looking at is Ann Taylor Stores ( ANN ), which is predicting its fourth-quarter sales will approach $500 million. The women's apparel retailer also expects same-store sales for the holiday quarter to grow between 5 and 9 percent. The stock, trading in the mid-$20s, has a forward P/E of 17. Friedman, Billings & Ramsey analysts just bumped up their 12-month price target by $3, to $30 indicating that the stock has over 10 percent upside.
Back on October 8, I wrote about Buckle ( BKE ) in Shopping for a Bargain in Premium Apparel . The company sells premium denim, mostly to the teen market. The stock is up nearly 25 percent since my article and with a forward P/E of 14 still looks like a bargain.
I predicted that the company appeared to be in a position to pay a special dividend like it did in 2009. That prediction was accurate, and in fact Buckle will pay a $2.50 per share special dividend on December 21. It's a well-run company that's still an attractive play.
***Because of the large number of people I've heard from that missed my Black Friday sale this weekend, I've decided to extend the sale for Small Cap Investor PRO until tonight at 11:59 pm eastern time. This offer gives you Small Cap Investor PRO for 50 percent off the regular subscription price!
Just follow this link and you'll be ushered through our system so you can start taking advantage of our small cap stock research today - no lines, and no waiting.
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.
|
***A stock that should interest value investors is Dillard's ( DDS ), a regional department store chain which shot up 53 percent in the past three months. If they have learned their lesson they won't foolishly run up debt in the countdown to Hanukkah, Christmas or Kwanza. Just follow this link and you'll be ushered through our system so you can start taking advantage of our small cap stock research today - no lines, and no waiting.
|
***A stock that should interest value investors is Dillard's ( DDS ), a regional department store chain which shot up 53 percent in the past three months. MarketWatch reports that the National Retail Federation survey indicated that the number of shoppers jumped 8.7 percent over the four day holiday weekend, and that average spending rose 6.4 percent. The wealthy probably fared better than many others in this latest recession, so I've been looking at where they shop to see if I can find small cap stock bargains for investors.
|
***A stock that should interest value investors is Dillard's ( DDS ), a regional department store chain which shot up 53 percent in the past three months. MarketWatch reports that the National Retail Federation survey indicated that the number of shoppers jumped 8.7 percent over the four day holiday weekend, and that average spending rose 6.4 percent. According to the MasterCard Advisors' SpendingPulse survey, in the first 18 days of November luxury goods sales were up 6.7 percent and jewelry spending increased 8.1 percent over the same period last year.
|
***A stock that should interest value investors is Dillard's ( DDS ), a regional department store chain which shot up 53 percent in the past three months. Recession be damned, Americans appear determined to spend what they can this holiday season. So far I haven't seen any jewelry stocks that truly interest me, although I still like this gold grading company that pays an 8.9 percent dividend .
|
519269e2-fd5a-4f02-8d84-576f00b1b8c7
|
720159.0
|
2010-10-18 00:00:00 UTC
|
5 Fatal Mistakes Value Investors Make
|
DDS
|
https://www.nasdaq.com/articles/5-fatal-mistakes-value-investors-make-2010-10-18
|
nan
|
nan
|
Value stocks have long been regarded as safer investments than growth stocks. They tend to sport lower valuations and are often dogged by low expectations. So any stumbles can be taken in stride. But investors need to do their homework before pouncing on avalue stock too quickly. A little digging may reveal more insights that take the shine off of any value play.
Here are some key items to watch out for.
1. When losses sinkbook value . Investors tend to take a shine to stocks that are trading at less than book value (which means that the company's market value is less than shareholder's equity -- found on the bottom of the balance sheet). Trouble is, if that company is losing money, or taking major write-offs, then shareholder's equity is likely to erode. To be safe, look for "below book" stocks that are actually profitable, so shareholder's equity (book value) will keep rising. (For further reading on "below book" stocks, check out this article )
2.Cash flow that never becomes cash. Analysts will often tout certain stocks that appear cheap on the basis of their cash flow . Indeed cash flow can be a very good metric, as it proves that a company can generate ample excess returns from operations. And while a company is growing at fast clip, it makes sense for management to re-invest that cash flow back into the business.
Yet some companies seem perpetually stuck in that mode, always pushing the money into the business in order to keep up with competition. So that cash flow never translates into rising cash levels. For example, solar panel maker SunPower (Nasdaq: SPWRA) consistently generates positive operating cash flow, but heavy investments mean that free cash flow is always negative. That has forced the company to repeatedly sell more shares to stay afloat, diluting the stake of existing shareholders.
3. An uncertaindividend yield . Dividend stocks are often seen as value stocks. Their high yields provide an attractive source of income even if their shares have limited capital appreciation potential. But many investors mistakenly buy stocks with unusually high dividend yields. And extremely high yields -- in excess of 10%, for example -- can be a sign that thedividend will need to be cut. At the depths of the economic crisis, media firm Gannett ( GCI ) offered a $1.42 annualdividend , even as its stock moved below $7, implying a dividend yield in excess of 20%. Management soon had to cut thedividend by 90%, anddividend chasers that didn't see it coming were burned. So it's important to see how operations are faring. If business has just turned south, a seemingly attractivedividend may be at risk.
4. The lowP/E trap. Stocks with low price-to-earnings (P/E) ratios often represent the best value. But only ifearnings are flat or rising. Yet some investors buy low P/E stocks without noticing thatearnings are in the midst of a long-term decline. Internet access provider Earthlink (Nasdaq: ELNK) might have looked awfully tempting last year, when its shares traded for around $7 and earnings per share ( EPS ) looked set to come in above $2.50. That translated to a P/E ratio below three. But remember, as a new investor, you're paying for futureearnings . And in Earthlink's case, profits are sinking fast as it loses customers. Sales are likely to fall -18% this year and another -15% next year. EPS is likely to be less than $1 this year, and could fall to $0.50 by 2012. Shares now trade for a richer 17 times that 2012 profit forecast, and that's no bargain.
5.Overvalued assets on thebalance sheet . This is a twist on the first item noted in this article, that book value should be taken with a grain of salt. Many companies carry assets on their books that don't necessarily relate to actual real world values. Some investors like to cite department store retailer Dillard's ( DDS ) as a compelling value play, as the company is valued at $1.8 billion, but the value of its realestate holdings is $2.7 billion -- +50% higher. Yet it's unreasonable to assume that the company would find any buyers paying full value for its realestate while the world is awash in unused retail space. If theeconomy sharply improves, and many empty retail stores are re-occupied, then Dillard's would likely get moreappreciation for its realestate . But not right now.
Action to Take --> "Stocks are cheap for a reason" is a tried-and-true investing axiom. So when you come across avalue stock , look for reasons against the stock, not for it. If you can't find any major problems among the financial statements or with investor assumptions about the future, then the Value stock is likely to prove rewarding.
-- David Sterman
David Sterman started his career in equity research at Smith Barney, culminating in a position as Senior Analyst covering European banks. David has also served as Director of Research at Individual Investor and a Managing Editor at TheStreet.com. Read More...
Disclosure: Neither David Sterman nor StreetAuthority, LLC hold positions in any securities mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Some investors like to cite department store retailer Dillard's ( DDS ) as a compelling value play, as the company is valued at $1.8 billion, but the value of its realestate holdings is $2.7 billion -- +50% higher. At the depths of the economic crisis, media firm Gannett ( GCI ) offered a $1.42 annualdividend , even as its stock moved below $7, implying a dividend yield in excess of 20%. Yet it's unreasonable to assume that the company would find any buyers paying full value for its realestate while the world is awash in unused retail space.
|
Some investors like to cite department store retailer Dillard's ( DDS ) as a compelling value play, as the company is valued at $1.8 billion, but the value of its realestate holdings is $2.7 billion -- +50% higher. To be safe, look for "below book" stocks that are actually profitable, so shareholder's equity (book value) will keep rising. For example, solar panel maker SunPower (Nasdaq: SPWRA) consistently generates positive operating cash flow, but heavy investments mean that free cash flow is always negative.
|
Some investors like to cite department store retailer Dillard's ( DDS ) as a compelling value play, as the company is valued at $1.8 billion, but the value of its realestate holdings is $2.7 billion -- +50% higher. Investors tend to take a shine to stocks that are trading at less than book value (which means that the company's market value is less than shareholder's equity -- found on the bottom of the balance sheet). To be safe, look for "below book" stocks that are actually profitable, so shareholder's equity (book value) will keep rising.
|
Some investors like to cite department store retailer Dillard's ( DDS ) as a compelling value play, as the company is valued at $1.8 billion, but the value of its realestate holdings is $2.7 billion -- +50% higher. To be safe, look for "below book" stocks that are actually profitable, so shareholder's equity (book value) will keep rising. Dividend stocks are often seen as value stocks.
|
e3051e30-9e0a-4ee7-abad-c92edc29e131
|
720160.0
|
2010-07-16 00:00:00 UTC
|
The Very Best Value Plays for Patient Investors
|
DDS
|
https://www.nasdaq.com/articles/very-best-value-plays-patient-investors-2010-07-16
|
nan
|
nan
|
Long before the days of growth stocks, investors used to search for value in stocks that were trading for less than the net assets on their balance sheets. It was a tried-and-true formula for protecting your downside while searching for upside.
The stock market's original gurus - Columbia Business School's Benjamin Graham and David Dodd - laid out a pretty simple premise in their 1934 book Security Analysis : Since we have no crystal ball that tells us where a business is headed, we can only place a value on things we already know. And we know that if a company chose to shut down tomorrow, sell off its assets, pay off its debts, and turn it all into cash, we can get a sense of what value exists. This is a company's tangible book value , which excludes non-cash balance sheet items such as goodwill and amortization. And as those esteemed authors noted, if the stock market's value of a company (known as market capitalization) is less than that tangible book value, then you've got a potential bargain.
In theory, a stock's value should never fall below tangible book value, because investors should bid shares back up right to the point where those two values are equal -- also known as "trading at book." But the market is never that efficient. Sometimes, a stock will fall below its intrinsic worth and trade well below tangible book value. In bull markets, you can always find a few dozen stocks trading below book. And in markets like the current one, you'll find hundreds.
In some instances, investors are right to ignore stated book value. For example, if a company is losing money, cash will decline and so will book value. Alcoa ( AA ) , which kicks off earnings season every quarter, is a fine example. Tangible book value has fallen from $12.76 per share at the end of 2007 to a recent $7.40. Shares fell down to just $5 at the height of the economic crisis, because investors knew that tangible book value would keep shrinking in the face of open-ended losses.
In other instances, a company will carry assets at their cost, but those assets may no longer be worth as much. For example, oil refiners Valero ( VLO ) and Western Refining ( WNR ) spent billions of dollars to build massive facilities to produce gasoline and diesel fuel. But the industry is awash in too much capacity, and neither firm would get all of its money back if they wanted to sell some of those refineries.
In some extreme instances, these stocks not only trade below book value, but below cash levels. Telecom equipment maker Sycamore Networks (Nasdaq: SCMR) is valued by investors at roughly $500 million. Yet Sycamore has roughly $635 million in short and long-term investments.
Presumably, a rival could come along and pay a 25% premium to the company's current market value and get the whole business for free by sucking out that cash. This is a clear instance where Graham & Dodd would be scratching their heads.
I ran a screen and found hundreds of stocks trading below book. I've greatly condensed that list for you by, among other things, placing a $500 million minimum on market value. I've also eliminated a number of financial services firms due to anomalies associated with the stated values of their assets and liabilities (though we retained some financial names on the list that do represent clearly-valued balance sheet items).
Ingram Micro ( IM )
As the table shows, some stocks trade for sharp discounts to book value. And many of these stocks have likely found a floor, even if the rest of the market slumps further. For example, shares of Ingram Micro, the world's largest distributor of office equipment and electronics, have fallen to just 85% of tangible book value on fears that European sales will slump in coming quarters.
But value investors should be ready to pounce. That's because tangible book value has risen from $10.59 in 2004 to a recent $18.32. Almost all of that gain is attributable to a rising cash hoard, which now approaches $1 billion. And that figure is likely to keep rising, as Ingram Micro should remain nicely profitable, even if European sales slump. Ingram Micro has never lost money (excluding a one-time charge in 2009) in its history.
Dillard's ( DDS )
There are two things you need to know about this long-standing department store chain. Management has a very spotty track record in terms of sales and profit growth, and the company is sitting on a gold mine in terms of real estate . The company's portfolio of stores is likely worth at least the $3 billion that it is being valued on its books. Yet the whole company is valued at less than half of that figure.
Dillard's results are sharply improved this year, as earnings per share should more than double. But the country is still awash in too much retail space. So Dillard's would need to wait before trying to raise cash by selling any stores. But if it comes to that, investors should note that many of Dillard's stores are situated in prime locations. Meanwhile, the whole company is valued at just 69% of tangible book value.
Royal Caribbean ( RCL )
A cruise ship just isn't worth as much anymore. They cost oodles of money to build, and are currently being packed in with discount-seeking bargain hunters. Many ships are barely generating more profits than the loans taken out to pay for them. Part of the problem stems from a glut of cruise ships that were built while the economy was humming. It takes several years to build a ship, so new ones kept coming, even as the economy slumped.
But over time, demand for cruises should catch up with supply, and the value of the cruise ships built by Royal Caribbean will start to rise back to the value of their construction costs. Shares would need to rise by 21% just to get back up to tangible book value.
Action to Take --> These value situations require patience. Indeed, Graham & Dodd preached " Buy and Hold ." In the meantime, these stocks are likely to fall by less than other stocks that trade far above book value. So you get (eventual) reward without too much risk. Of these companies profiled, Ingram Micro is the most likely to see tangible book value keep rising, while investors in Royal Caribbean and Dillard's will need to wait for the market for their assets (ships and real estate , respectively) to become better appreciated.
InvestingAnswers
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.
|
Dillard's ( DDS ) There are two things you need to know about this long-standing department store chain. Shares fell down to just $5 at the height of the economic crisis, because investors knew that tangible book value would keep shrinking in the face of open-ended losses. For example, shares of Ingram Micro, the world's largest distributor of office equipment and electronics, have fallen to just 85% of tangible book value on fears that European sales will slump in coming quarters.
|
Dillard's ( DDS ) There are two things you need to know about this long-standing department store chain. This is a company's tangible book value , which excludes non-cash balance sheet items such as goodwill and amortization. In theory, a stock's value should never fall below tangible book value, because investors should bid shares back up right to the point where those two values are equal -- also known as "trading at book."
|
Dillard's ( DDS ) There are two things you need to know about this long-standing department store chain. And as those esteemed authors noted, if the stock market's value of a company (known as market capitalization) is less than that tangible book value, then you've got a potential bargain. In theory, a stock's value should never fall below tangible book value, because investors should bid shares back up right to the point where those two values are equal -- also known as "trading at book."
|
Dillard's ( DDS ) There are two things you need to know about this long-standing department store chain. Meanwhile, the whole company is valued at just 69% of tangible book value. Shares would need to rise by 21% just to get back up to tangible book value.
|
a23eab3e-dc20-463b-955c-414f5ecd8c0b
|
720161.0
|
2010-07-12 00:00:00 UTC
|
The Very Best Value Plays for Patient Investors
|
DDS
|
https://www.nasdaq.com/articles/very-best-value-plays-patient-investors-2010-07-12
|
nan
|
nan
|
Long before the days of growth stocks, investors used to search for value in stocks that were trading for less than the net assets on their balance sheets. It was a tried-and-true formula for protecting your downside while searching for upside.
The stock market's original gurus - Columbia Business School's Benjamin Graham and David Dodd - laid out a pretty simple premise in their 1934 book Security Analysis : Since we have no crystal ball that tells us where a business is headed, we can only place a value on things we already know. And we know that if a company chose to shut down tomorrow, sell off its assets, pay off its debts, and turn it all into cash, we can get a sense of what value exists. This is a company's tangible book value , which excludes non-cash balance sheet items such as goodwill and amortization. And as those esteemed authors noted, if the stock market's value of a company (known as market capitalization) is less than that tangible book value, then you've got a potential bargain.
In theory, a stock's value should never fall below tangible book value, because investors should bid shares back up right to the point where those two values are equal -- also known as "trading at book." But the market is never that efficient. Sometimes, a stock will fall below its intrinsic worth and trade well below tangible book value. In bull markets, you can always find a few dozen stocks trading below book. And in markets like the current one, you'll find hundreds.
In some instances, investors are right to ignore stated book value. For example, if a company is losing money, cash will decline and so will book value. Alcoa (NYSE: AA ) , which kicks off earnings season every quarter, is a fine example. Tangible book value has fallen from $12.76 per share at the end of 2007 to a recent $7.40. Shares fell down to just $5 at the height of the economic crisis, because investors knew that tangible book value would keep shrinking in the face of open-ended losses.
In other instances, a company will carry assets at their cost, but those assets may no longer be worth as much. For example, oil refiners Valero (NYSE: VLO ) and Western Refining (NYSE: WNR ) spent billions of dollars to build massive facilities to produce gasoline and diesel fuel. But the industry is awash in too much capacity, and neither firm would get all of its money back if they wanted to sell some of those refineries.
In some extreme instances, these stocks not only trade below book value, but below cash levels. Telecom equipment maker Sycamore Networks (Nasdaq: SCMR ) is valued by investors at roughly $500 million. Yet Sycamore has roughly $635 million in short and long-term investments.
Presumably, a rival could come along and pay a 25% premium to the company's current market value and get the whole business for free by sucking out that cash. This is a clear instance where Graham & Dodd would be scratching their heads.
I ran a screen and found hundreds of stocks trading below book. I've greatly condensed that list for you by, among other things, placing a $500 million minimum on market value. I've also eliminated a number of financial services firms due to anomalies associated with the stated values of their assets and liabilities (though we retained some financial names on the list that do represent clearly-valued balance sheet items).
Ingram Micro (NYSE: IM )
As the table shows, some stocks trade for sharp discounts to book value. And many of these stocks have likely found a floor, even if the rest of the market slumps further. For example, shares of Ingram Micro, the world's largest distributor of office equipment and electronics, have fallen to just 85% of tangible book value on fears that European sales will slump in coming quarters.
But value investors should be ready to pounce. That's because tangible book value has risen from $10.59 in 2004 to a recent $18.32. Almost all of that gain is attributable to a rising cash hoard, which now approaches $1 billion. And that figure is likely to keep rising, as Ingram Micro should remain nicely profitable, even if European sales slump. Ingram Micro has never lost money (excluding a one-time charge in 2009) in its history.
Dillard's (NYSE: DDS )
There are two things you need to know about this long-standing department store chain. Management has a very spotty track record in terms of sales and profit growth, and the company is sitting on a gold mine in terms of real estate . The company's portfolio of stores is likely worth at least the $3 billion that it is being valued on its books. Yet the whole company is valued at less than half of that figure.
Dillard's results are sharply improved this year, as earnings per share should more than double. But the country is still awash in too much retail space. So Dillard's would need to wait before trying to raise cash by selling any stores. But if it comes to that, investors should note that many of Dillard's stores are situated in prime locations. Meanwhile, the whole company is valued at just 69% of tangible book value.
Royal Caribbean (NYSE: RCL )
A cruise ship just isn't worth as much anymore. They cost oodles of money to build, and are currently being packed in with discount-seeking bargain hunters. Many ships are barely generating more profits than the loans taken out to pay for them. Part of the problem stems from a glut of cruise ships that were built while the economy was humming. It takes several years to build a ship, so new ones kept coming, even as the economy slumped.
But over time, demand for cruises should catch up with supply, and the value of the cruise ships built by Royal Caribbean will start to rise back to the value of their construction costs. Shares would need to rise by 21% just to get back up to tangible book value.
Action to Take --> These value situations require patience. Indeed, Graham & Dodd preached " Buy and Hold ." In the meantime, these stocks are likely to fall by less than other stocks that trade far above book value. So you get (eventual) reward without too much risk. Of these companies profiled, Ingram Micro is the most likely to see tangible book value keep rising, while investors in Royal Caribbean and Dillard's will need to wait for the market for their assets (ships and real estate , respectively) to become better appreciated.
-- David Sterman
David Sterman has worked as an investment analyst for nearly two decades. He started his career in equity research at Smith Barney, culminating in a position as Senior Analyst covering European banks. David has also served as Director of Research at Individual Investor and has made numerous media appearances over the years, primarily on CNBC and Bloomberg TV. David has a master's degree in management from Georgia Tech. Read More...
Disclosure: Neither David Sterman nor StreetAuthority, LLC hold positions in any securities mentioned in this article.
StreetAuthority
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Dillard's (NYSE: DDS ) There are two things you need to know about this long-standing department store chain. For example, shares of Ingram Micro, the world's largest distributor of office equipment and electronics, have fallen to just 85% of tangible book value on fears that European sales will slump in coming quarters. Of these companies profiled, Ingram Micro is the most likely to see tangible book value keep rising, while investors in Royal Caribbean and Dillard's will need to wait for the market for their assets (ships and real estate , respectively) to become better appreciated.
|
Dillard's (NYSE: DDS ) There are two things you need to know about this long-standing department store chain. This is a company's tangible book value , which excludes non-cash balance sheet items such as goodwill and amortization. But over time, demand for cruises should catch up with supply, and the value of the cruise ships built by Royal Caribbean will start to rise back to the value of their construction costs.
|
Dillard's (NYSE: DDS ) There are two things you need to know about this long-standing department store chain. And as those esteemed authors noted, if the stock market's value of a company (known as market capitalization) is less than that tangible book value, then you've got a potential bargain. In theory, a stock's value should never fall below tangible book value, because investors should bid shares back up right to the point where those two values are equal -- also known as "trading at book."
|
Dillard's (NYSE: DDS ) There are two things you need to know about this long-standing department store chain. Meanwhile, the whole company is valued at just 69% of tangible book value. Shares would need to rise by 21% just to get back up to tangible book value.
|
a59addd6-d9be-47a5-a9e3-58b2bba36714
|
720162.0
|
2010-06-03 00:00:00 UTC
|
Friday's Jobs Report Looms Large for Retail Stocks
|
DDS
|
https://www.nasdaq.com/articles/fridays-jobs-report-looms-large-retail-stocks-2010-06-03
|
nan
|
nan
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Investors have been parsing retail sales data for May, but if they want to know the real direction for the group, they'll need to check out the monthly snapshot of employment trends, which will be released Friday morning. The U.S. economy has begun adding jobs at a meaningful clip in recent months. But if job growth stalls out, it's hard to envision any upside for retail stocks. (The May job reading should initially seem quite impressive, thanks to massive hiring for the census. But investors will watch for job creation outside of the census. Estimates currently call for 150,000 non-census jobs being created in May).
Far healthier than before
When the economy slumped a few years back, retailers were caught off guard. Inventories and operating expenses were far too high, forcing many retailers to sharply cut back. They eventually did, and that has triggered a solid rebound in profits and working capital . It's been quite some time since retailers were in such a healthy shape. Gone are the days of massive markdowns to move goods out of the warehouse.
You get a sense of that health by looking at the SPDR Retail ETF( PCX ) , which sharply plunged in late 2008 but now stands right where it was back in 2007, when sales were strong. The key difference between now and then: sales remain stuck at lower levels, but so do inventories and expenses. So profits have rebounded. Trouble is, all the low-hanging fruit has been picked, so for retailers to power earnings higher, they'll need to see sales rise back toward 2007 levels. If and when that happens, the sector should post record profit levels.
Diverging Fortunes
Against that macro backdrop, individual retailers face varying trends. For example, those that cater to teens are having a tough time as disposable income for the demographic is weak -- especially with the paucity of summer jobs available. Only Aeropostale ( ARO ) has been able to pry cash from their purses. Shares are getting a +5% lift today as the retailer announced that same-store sales were modestly higher in May from a year ago, even though the year-ago results were quite robust.
Yet the clouds looming over the entire sector have kept a lid on shares: they still only trade for around 11 times projected fiscal (January) 2011 profits, even as those profits are expected to be more than +20% higher than fiscal 2010 results. Among teenagers, a hot brand can stay that way for some time. In the middle of the last decade, Abercrombie & Fitch ( ANF ) was a teen favorite - and stayed that way for a number of years. Now it's Aeropostale's time in the teen spotlight.
Best in Class stay that Way
Amid a month of lackluster sales, it should come as no surprise that Kohl's ( KSS ) posted another round of impressive comps. The department store retailer has been hitting its sales targets for a seeming eternity, and in the process, taking market share from former industry leaders such as Dillard's ( DDS ) .
A combination of modest same-store sales gains and a small expansion in its store base should enable Kohl's to boost sales +7% to +10% this year, and profits at a +15% clip. If and when the unemployment rate starts to drop, the stage would be set for continued impressive gains from Kohl's, which wins more converts from rivals with each passing quarter. Shares trade for a reasonable 14 times projected fiscal (January) 2011 profits. That multiple is likely to expand closer to 20 when job growth is on a sustainable path. That works out to be +35% upside from current levels.
Well-heeled shoppers have returned in force: same store sales at Saks ( SKS ) and privately-held Neiman Marcus both rose +5% in May. Saks recently posted first-quarter profits that were more than double the consensus forecast, thanks to a turnaround in same-store sales, which had been negative for seven straight quarters. The retailer is coming up against fairly weak comparisons from last year, and should continue to post impressive gains as we saw in May. Rising sales are helping Saks to avoid discounting, which is supporting gross margins. They rose 400 basis points from a year ago in the first quarter.
But Saks has more work to do. The company is likely to only reach break-even this year, and may not earn more than $0.25 or $0.30 a share next year. Shares trade for more than 30 times the high end of that range. That profit picture obscures an otherwise very healthy operating outlook. If consumer spending resumes back to 2007 levels, which may not happen before 2012 or 2013, Saks could start to earn $0.50 or even $0.75 a share. In that context, shares appear reasonably priced. But with unemployment remaining at stubbornly high levels, that's not a bet many are willing to make just yet.
Action to Take --> Shares of a lot of retailers have pulled back in recent weeks, and are unlikely to rally if Friday's unemployment report indicates a painfully slow job recovery. Yet if we see a strong jobs number, many of these recent laggards could show real leadership once again. If you take a longer view, and want to stick with proven operators that can do well in any economic climate, then you may want to consider Kohl's and Aeropostale.
-- David Sterman
Staff Writer
StreetAuthority
Disclosure: David Sterman does not own shares of any security mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
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 department store retailer has been hitting its sales targets for a seeming eternity, and in the process, taking market share from former industry leaders such as Dillard's ( DDS ) . Investors have been parsing retail sales data for May, but if they want to know the real direction for the group, they'll need to check out the monthly snapshot of employment trends, which will be released Friday morning. Action to Take --> Shares of a lot of retailers have pulled back in recent weeks, and are unlikely to rally if Friday's unemployment report indicates a painfully slow job recovery.
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The department store retailer has been hitting its sales targets for a seeming eternity, and in the process, taking market share from former industry leaders such as Dillard's ( DDS ) . Inventories and operating expenses were far too high, forcing many retailers to sharply cut back. Shares trade for a reasonable 14 times projected fiscal (January) 2011 profits.
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The department store retailer has been hitting its sales targets for a seeming eternity, and in the process, taking market share from former industry leaders such as Dillard's ( DDS ) . Shares are getting a +5% lift today as the retailer announced that same-store sales were modestly higher in May from a year ago, even though the year-ago results were quite robust. Yet the clouds looming over the entire sector have kept a lid on shares: they still only trade for around 11 times projected fiscal (January) 2011 profits, even as those profits are expected to be more than +20% higher than fiscal 2010 results.
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The department store retailer has been hitting its sales targets for a seeming eternity, and in the process, taking market share from former industry leaders such as Dillard's ( DDS ) . Inventories and operating expenses were far too high, forcing many retailers to sharply cut back. Now it's Aeropostale's time in the teen spotlight.
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d24b7ad1-46fa-48ec-9ea0-0f5a0362165c
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720163.0
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2010-05-15 00:00:00 UTC
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Dividend Stock Leaders and Laggards from the Week of May 10-14 (IBM, NEM, V, MA, BP, CMI, more)
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DDS
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https://www.nasdaq.com/articles/dividend-stock-leaders-and-laggards-week-may-10-14-ibm-nem-v-ma-bp-cmi-more-2010-05-15
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Here are some of the biggest dividend stock winners and losers from the week that just ended.
CompanyFri. CloseWeekly
% ChangeDillard's Inc. ( DDS ).76+19.71%Sotheby's Holdings Inc. ( BID ).59+14.56%Ingersoll-Rand ( IR ).75+9.96%Cummins Inc. ( CMI ).55+9.55%Newmont Mining Corporation (holding Company) ( NEM ).68+8.04%International Business Machines Corporation ( IBM )1.19+7.44%Plains All American Pipeline L.p. ( PAA ).03+6.90%BP PLC ( BP ).87-4.46%Mastercard Incorporated ( MA )2.45-4.77%Visa Inc ( V ).26-6.11%Monsanto Company ( MON ).61-7.58%
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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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CloseWeekly % ChangeDillard's Inc. ( DDS ).76+19.71%Sotheby's Holdings Inc. ( BID ).59+14.56%Ingersoll-Rand ( IR ).75+9.96%Cummins Inc. ( CMI ).55+9.55%Newmont Mining Corporation (holding Company) ( NEM ).68+8.04%International Business Machines Corporation ( IBM )1.19+7.44%Plains All American Pipeline L.p. ( PAA ).03+6.90%BP PLC ( BP ).87-4.46%Mastercard Incorporated ( MA )2.45-4.77%Visa Inc ( V ).26-6.11%Monsanto Company ( MON ).61-7.58% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here . Here are some of the biggest dividend stock winners and losers from the week that just ended. Created by Dividend.com 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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CloseWeekly % ChangeDillard's Inc. ( DDS ).76+19.71%Sotheby's Holdings Inc. ( BID ).59+14.56%Ingersoll-Rand ( IR ).75+9.96%Cummins Inc. ( CMI ).55+9.55%Newmont Mining Corporation (holding Company) ( NEM ).68+8.04%International Business Machines Corporation ( IBM )1.19+7.44%Plains All American Pipeline L.p. ( PAA ).03+6.90%BP PLC ( BP ).87-4.46%Mastercard Incorporated ( MA )2.45-4.77%Visa Inc ( V ).26-6.11%Monsanto Company ( MON ).61-7.58% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Created by Dividend.com 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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CloseWeekly % ChangeDillard's Inc. ( DDS ).76+19.71%Sotheby's Holdings Inc. ( BID ).59+14.56%Ingersoll-Rand ( IR ).75+9.96%Cummins Inc. ( CMI ).55+9.55%Newmont Mining Corporation (holding Company) ( NEM ).68+8.04%International Business Machines Corporation ( IBM )1.19+7.44%Plains All American Pipeline L.p. ( PAA ).03+6.90%BP PLC ( BP ).87-4.46%Mastercard Incorporated ( MA )2.45-4.77%Visa Inc ( V ).26-6.11%Monsanto Company ( MON ).61-7.58% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here . CompanyFri. Created by Dividend.com 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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CloseWeekly % ChangeDillard's Inc. ( DDS ).76+19.71%Sotheby's Holdings Inc. ( BID ).59+14.56%Ingersoll-Rand ( IR ).75+9.96%Cummins Inc. ( CMI ).55+9.55%Newmont Mining Corporation (holding Company) ( NEM ).68+8.04%International Business Machines Corporation ( IBM )1.19+7.44%Plains All American Pipeline L.p. ( PAA ).03+6.90%BP PLC ( BP ).87-4.46%Mastercard Incorporated ( MA )2.45-4.77%Visa Inc ( V ).26-6.11%Monsanto Company ( MON ).61-7.58% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here . Here are some of the biggest dividend stock winners and losers from the week that just ended. CompanyFri.
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80ec3e45-ba51-4959-b56f-908d707cfbf6
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720164.0
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2010-05-14 00:00:00 UTC
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Friday's Stock Market Winners: Hain Celestial, Pozen, Dillard's
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DDS
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https://www.nasdaq.com/articles/fridays-stock-market-winners-hain-celestial-pozen-dillards-2010-05-14
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nan
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Among the biggest winners in Friday's early trading are Hain Celestial (Nasdaq: HAIN) , Pozen (Nasdaq: POZN) and Dillard's ( DDS ) .
Pozen Showing Some Strength after Early May Losses
This morning's sharply lower stock market is muting the upside for stocks that might have otherwise posted sharp gains today. Among the modest gainers: Pozen (Nasdaq: POZN) , which has been the source of give-and-take among investors. Food and Drug Administration ( FDA ) approval of the company's arthritis drug, Vimovo, was warmly greeted by investors in early May, but then shares slumped in later sessions, falling roughly -30%.
But investors are missing some clear positives. First, Vimovo may benefit from the fact that France-based NiCox saw a key arthritis drug get swatted down by the FDA earlier this week. Second, investors may be overlooking the fact that Pozen has another drug that treats ulcers that has scored very well in Phase 1 trials.
Action to Take --> Shares have ticked up a bit the past two sessions, and could have been up more sharply on Friday were it not for the heavy selling take place in the broader market. This is a rare biotech with a just-approved drug that could gain real traction, and another in the pipeline with blockbuster potential. Tale advantage of the noise to pick up shares in this promising upstart. But note that this is a speculative play and should be a small part of your portfolio. Also note that Pozen is unlikely to be sustainably profitable before 2013.
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Hain Celestial Higher on Interestfrom Icahn
Last week, I anticipated that a cycle of lower earnings forecasts would cause shares of Hain Celestial (Nasdaq: HAIN) to drift lower. Well, fiscal (June) 2010 profit forecasts have dropped by a bit, but a well-respected investor has a different view of the stock. Carl Icahn has been a steady buyer in recent days: since bottoming last Thursday, shares have risen in every single session, and are up another +5% today, as Icahn officially filed a 13-D with the Securities & Exchange Commission . Icahn tends to pick companies that possess promising assets or brands, and then prods management to make shareholder-friendly changes.
Action to Take --> Wait for Icahn to articulate his beef with management before getting a sense of what to do with the stock.
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Dillards' Gain: A False Dawn?
Shares of retailer Dillard's ( DDS ) are one of the few stocks making major gains today. Shares are up nearly +11% after the retailer released respectable financial results earlier this morning. For a long time, the only reason to appreciate Dillard's was for its massive real estate holdings, which often accounted for more than the share price. Shares have since quadrupled, and this is no longer a real estate value play.
Yet as a retail play, Dillard's still brings little cheer. First-quarter profits were quite impressive, though solely due to cost cuts. Quarterly same-store sales rebounded +2% from a year ago, but sales were absolutely dismal back then, and analysts had been hoping for a smarter snapback in sales. In truth, Dillard's has lost much of its cache as rivals such as Kohl's ( KSS ) and Target ( TGT ) continue to steal away customers.
More than eight million shares of the company's stock had been held short, which partially explains today's gains as shorts are forced to cover their positions. Shorts tend to like this stock as management developed a reputation as ineffectual retail operators. Nothing from today's report should change that perception.
Action to Take --> A paltry +2% same-store sales gain after miserable sales a year earlier tells you this retailer has not yet learned how to win back many of the customers lost over the years. The shorts were right, but early. Take no action now, as shares are likely to tread water. But if the broader retail sector softens, Dillard's, with its uninspiring merchandise, may feel the pain even more than others, as was the case in this last downturn. The stock, at that point, would make a very appealing short candidate.
-- David Sterman
Contributor
StreetAuthority
Disclosure: David Sterman does not own shares of any security mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
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 biggest winners in Friday's early trading are Hain Celestial (Nasdaq: HAIN) , Pozen (Nasdaq: POZN) and Dillard's ( DDS ) . Shares of retailer Dillard's ( DDS ) are one of the few stocks making major gains today. First, Vimovo may benefit from the fact that France-based NiCox saw a key arthritis drug get swatted down by the FDA earlier this week.
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Among the biggest winners in Friday's early trading are Hain Celestial (Nasdaq: HAIN) , Pozen (Nasdaq: POZN) and Dillard's ( DDS ) . Shares of retailer Dillard's ( DDS ) are one of the few stocks making major gains today. ------------------------------------ Hain Celestial Higher on Interestfrom Icahn Last week, I anticipated that a cycle of lower earnings forecasts would cause shares of Hain Celestial (Nasdaq: HAIN) to drift lower.
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Shares of retailer Dillard's ( DDS ) are one of the few stocks making major gains today. Among the biggest winners in Friday's early trading are Hain Celestial (Nasdaq: HAIN) , Pozen (Nasdaq: POZN) and Dillard's ( DDS ) . ------------------------------------ Hain Celestial Higher on Interestfrom Icahn Last week, I anticipated that a cycle of lower earnings forecasts would cause shares of Hain Celestial (Nasdaq: HAIN) to drift lower.
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Shares of retailer Dillard's ( DDS ) are one of the few stocks making major gains today. Among the biggest winners in Friday's early trading are Hain Celestial (Nasdaq: HAIN) , Pozen (Nasdaq: POZN) and Dillard's ( DDS ) . Shares have since quadrupled, and this is no longer a real estate value play.
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e7407a2f-dd9e-4a42-97d6-7abb5b621fc0
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720165.0
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2010-05-14 00:00:00 UTC
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Dillard’s Profit Soars on Lower Costs; Shares Rise (DDS)
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DDS
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https://www.nasdaq.com/articles/dillards-profit-soars-lower-costs-shares-rise-dds-2010-05-14
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nan
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nan
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted a sharply higher first quarter profit, driven by lower costs amid slightly lower revenue.
The Little Rock, AR-based company reported first quarter net income of $48.8 million, or 68 cents per share, compared with $7.7 million, or 10 cents per share, in the year-ago period. Excluding one-time charges, adjusted profit was 70 cents per share.
Revenue less than 1% from last year, to $1.48 billion.
On average, Wall Street analysts expected a much smaller profit of 51 cents per share, albeit on slightly higher revenue of $1.52 billion.
The company said in a statement that "We are encouraged by our solid first quarter performance as we report good results in our key operational areas including inventory management and cost control."
Dillard's shares rose $1.28, or +5%, in premarket trading Friday.
The Bottom Line
Shares of DDS have a dividend yield of .62%, based on last night's closing stock price of $25.72. The stock has technical support in the $22-$23 price area. If the shares can firm up, we see overhead resistance around the $28-$30 price levels. We would remain on the sidelines for now.
Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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 Bottom Line Shares of DDS have a dividend yield of .62%, based on last night's closing stock price of $25.72. Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted a sharply higher first quarter profit, driven by lower costs amid slightly lower revenue. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted a sharply higher first quarter profit, driven by lower costs amid slightly lower revenue. The Bottom Line Shares of DDS have a dividend yield of .62%, based on last night's closing stock price of $25.72. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted a sharply higher first quarter profit, driven by lower costs amid slightly lower revenue. The Bottom Line Shares of DDS have a dividend yield of .62%, based on last night's closing stock price of $25.72. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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Apparel and home furnishings retailer Dillard's, Inc. ( DDS ) on Friday posted a sharply higher first quarter profit, driven by lower costs amid slightly lower revenue. The Bottom Line Shares of DDS have a dividend yield of .62%, based on last night's closing stock price of $25.72. Dillard's, Inc. ( DDS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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8bd52dd1-ccc2-4fc2-aba2-0c3ae6f63761
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720166.0
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2010-05-14 00:00:00 UTC
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Market Wrap-Up for May 14 (MA, V, COF, AXP, CLF, DDS, more)
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DDS
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https://www.nasdaq.com/articles/market-wrap-may-14-ma-v-cof-axp-clf-dds-more-2010-05-14
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nan
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The market is pulled back fairly hard today. We have a continued drop in the Euro currency that can soon begin to have an impact on company earnings for many S&P 500 names.
We removed some more names from our "recommended" list earlier today, so be sure to check out the post if you did not read the e-mail alert we sent out.
We saw selling over many sectors today, with names like Mastercard ( MA ) and Visa ( V ) getting hit quite hard on credit card legislation worries. Capital One Financial ( COF ) and American Express ( AXP ) were also lower on the potential threat. Commodity-related names dropped, with U.S. Steel ( X ) and Cliffs Natural Resources ( CLF ) leading the way lower. Earnings plays like Nordstrom Inc. ( JWN ) and CA, Inc. ( CA ) finished in the red following Wall Street's reaction to their results. Dillard's ( DDS ) bucked the downtrend after the company posted better-than-expected results. Another trend we continue to take note of is the rising volume we see on down days. The NYSE traded 5.9 Billion shares by the close, while the NASDAQ ended with 2.51 Billion shares changing hands.
As we look ahead to next weekend, we will see an increased number of big companies reporting results, such as Hewlett Packard ( HPQ ) , Home Depot ( HD ) , Target ( TGT ) , and Deere ( DE ) , just to name a few.
Be sure to check out Dividend.com Premium to stay up-to-date on names that are going on and coming off the various watchlists we showcase.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
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 ( DDS ) bucked the downtrend after the company posted better-than-expected results. We removed some more names from our "recommended" list earlier today, so be sure to check out the post if you did not read the e-mail alert we sent out. We saw selling over many sectors today, with names like Mastercard ( MA ) and Visa ( V ) getting hit quite hard on credit card legislation worries.
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Dillard's ( DDS ) bucked the downtrend after the company posted better-than-expected results. We removed some more names from our "recommended" list earlier today, so be sure to check out the post if you did not read the e-mail alert we sent out. 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 ( DDS ) bucked the downtrend after the company posted better-than-expected results. We removed some more names from our "recommended" list earlier today, so be sure to check out the post if you did not read the e-mail alert we sent out. 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 ( DDS ) bucked the downtrend after the company posted better-than-expected results. The market is pulled back fairly hard today. We have a continued drop in the Euro currency that can soon begin to have an impact on company earnings for many S&P 500 names.
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c641b3c4-5321-48df-8610-4c18bbd7684d
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720167.0
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2022-10-13 00:00:00 UTC
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ETF of the Week: WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
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DDWM
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https://www.nasdaq.com/articles/etf-of-the-week%3A-wisdomtree-dynamic-currency-hedged-international-equity-fund-ddwm
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nan
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VettaFi's vice chairman Tom Lydon discussed the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) on this week's "ETF of the Week" podcast with Chuck Jaffe of "Money Life.
Investors have been hesitant to put money in anything outside of the U.S. But a hedged opportunity makes a lot of sense, given the dollar's current strength.
Lydon noted that there are a bunch of reasons to look at DDWM. U.S. equities are on sale compared to the highs a year ago, but he stressed that many U.S. investors have domestic bias. According to Lydon, international stocks were on sale at 30%, and international equities have seen a much more muted correction than U.S. equities. Lydon said, "What this ETF does is it selects good companies in developed markets in a diversified way, but most importantly, and this is where the currency hedge comes in if you go back and you look year to date, where would have been an area where you would have made money? Because there weren't that many. It would have been the U.S. dollar."
The dollar is at multi-year highs compared to foreign currencies. Given the widespread geopolitical tension, lots of money is coming into the dollar as investors consider it a safe haven. "That's great," Lydon said, "However, at one point in time, these foreign markets will come back." According to Lydon, these foreign companies are still very much on sale, and the dollar's historic strength combined with the great valuations are an intoxicating combination. "The only headwind they have is that their current currency is so much weaker than the dollar. This strategy does everything to take that out of the equation, so all you are doing is investing in the stocks themselves, and you don't have exposure to the currency."
Jaffe sees this as a prime example of "smart beta." He noted, "this would seem to be a good time to be hedging."
When markets experience a 20% tumble, the rebound often occurs within twelve months, according to Lydon, and is frequently double digits. "It doesn't mean it always happens," he said, "but it's terrible to think that people would hold off on buying good companies outside the U.S. because they are concerned about the currency risk within those specific companies."
WisdomTree has done an exceptional job removing the currency risk in this fund, according to Lydon, and when asked by Jaffe if this fund was a way to diversify international exposures, given the hedge angle, Lydon said, "it absolutely is, and I think a lot of people wished they we relooking at these types of strategies a year ago." As an example of the depth of the discounts, Lydon noted that if a European company is down 20% and the Euro is down 20%, then those ETFs are down 40%.
Listen to the Entire "ETF of the Week" Episode Featuring Tom Lydon:
For more podcast episodes featuring Tom Lydon, visit our podcasts category.
Read more on ETFtrends.com.
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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VettaFi's vice chairman Tom Lydon discussed the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) on this week's "ETF of the Week" podcast with Chuck Jaffe of "Money Life. Lydon noted that there are a bunch of reasons to look at DDWM. Lydon said, "What this ETF does is it selects good companies in developed markets in a diversified way, but most importantly, and this is where the currency hedge comes in if you go back and you look year to date, where would have been an area where you would have made money?
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VettaFi's vice chairman Tom Lydon discussed the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) on this week's "ETF of the Week" podcast with Chuck Jaffe of "Money Life. Lydon noted that there are a bunch of reasons to look at DDWM. According to Lydon, international stocks were on sale at 30%, and international equities have seen a much more muted correction than U.S. equities.
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VettaFi's vice chairman Tom Lydon discussed the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) on this week's "ETF of the Week" podcast with Chuck Jaffe of "Money Life. Lydon noted that there are a bunch of reasons to look at DDWM. Lydon said, "What this ETF does is it selects good companies in developed markets in a diversified way, but most importantly, and this is where the currency hedge comes in if you go back and you look year to date, where would have been an area where you would have made money?
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VettaFi's vice chairman Tom Lydon discussed the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) on this week's "ETF of the Week" podcast with Chuck Jaffe of "Money Life. Lydon noted that there are a bunch of reasons to look at DDWM. dollar."
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71f528ea-d50b-43b1-bab8-598e97fd09ae
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720168.0
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2022-10-04 00:00:00 UTC
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Smart ETF Strategies for International Market Exposure Today
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DDWM
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https://www.nasdaq.com/articles/smart-etf-strategies-for-international-market-exposure-today
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nan
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nan
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Exchange traded fund investors should consider the benefits of currency hedging in international allocations to help access a “truer” exposure to foreign markets.
In the upcoming webcast, What’s Your Strategy for International Allocations? Seeking Opportunities Against Geopolitical Risk and the Strong Dollar, Jeremy Schwartz, global chief investment officer at WisdomTree, argued that exposure to currency risk can add or detract from developed international returns. Investors who own developed international unhedged have suffered historically heightened volatility compared to hedged strategies. Currently, the higher interest rates in the U.S. compared to abroad mean investors are also receiving positive carry by hedging as well.
Schwartz noted that several factors may affect the currency markets through either momentum, interest rates, or value. For example, there is a tendency for currencies to appreciate following a previous appreciation and depreciate after prior depreciation. Herding speculators, flight to safety as a result of market shocks, delta hedging from banks, and divergence in market participant beliefs about currency fair value can amplify currency trends.
Looking at government and monetary policies, Schwartz pointed out that current account deficit countries offer higher real interest rates to attract foreign capital into the economy. Exporters of capital are rewarded through interest rates for taking on currency risk as currency does not depreciate by as much as implied by the FX forward rate pricing.
Schwartz also explained WisdomTree's approach to currency hedge ratios. which are based on market signals. For instance, the Momentum Signal shows that when the 10-day moving average of a currency’s spot price versus the U.S. dollar is weaker than the 240-day moving average or a currency is depreciating, a hedge ratio of 33.3% is applied to the index.
The interest rates signal shows that if the implied interest rate in the U.S. is greater than that of a targeted currency using one-month FX forward rates, a hedge ratio of 33.3% is applied to the index.
Additionally, a Value Signal shows:
If a currency is greater than 20% overvalued against the PPP level and until it crosses PPP, the hedge ratio of 33.3% is applied to the Index.
When a currency is between 20% undervalued and until it crosses one of these levels, the hedge ratio is set to 16.667% (or ½ of the signal total hedge ratio) for the Index.
When an individual currency is greater than 20% undervalued against PPP and until it crosses PPP, the hedge ratio is set to zero to the Index.
This more dynamic currency-hedged approach could help increase returns when investing in international markets, according to Schwartz.
"Since inception, our Dynamic model has tended to add value versus unhedged strategies. During periods of stress, the U.S. dollar has tended to appreciate, exacerbating drawdowns for unhedged positions," Schwartz said.
Specifically, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) seeks to track the performance of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations in the value of the applicable foreign currencies relative to the U.S. dollar. The underlying index is comprised of companies incorporated in 15 developed European countries, Japan, Australia, Hong Kong, Israel, and Singapore. The underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month.
Schwartz also added that the high dividend factor has shined in a down market, with dividend stocks outperforming the value, minimum value, minimum volatility, momentum, quality, and growth factors so far in 2022.
Separately, Liqian Ren, director of Modern Alpha at WisdomTree, highlighted the benefits of ex-state-owned companies, which can be key to long-term growth in the emerging markets. Government-owned companies tend to run their businesses with somewhat different priorities, geared more towards the broader focus of the government’s agenda than on what would be most beneficial and profitable for the individual company. This can have significant repercussions over a longer time horizon, with SOEs underperforming their non-SOE peers.
Investors can also target non-SOE through the WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE).
Financial advisors who are interested in learning more about international investing strategies can watch the webcast here on demand.
Read more on ETFtrends.com.
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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Specifically, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) seeks to track the performance of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations in the value of the applicable foreign currencies relative to the U.S. dollar. Looking at government and monetary policies, Schwartz pointed out that current account deficit countries offer higher real interest rates to attract foreign capital into the economy. The underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month.
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Specifically, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) seeks to track the performance of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations in the value of the applicable foreign currencies relative to the U.S. dollar. Seeking Opportunities Against Geopolitical Risk and the Strong Dollar, Jeremy Schwartz, global chief investment officer at WisdomTree, argued that exposure to currency risk can add or detract from developed international returns. When an individual currency is greater than 20% undervalued against PPP and until it crosses PPP, the hedge ratio is set to zero to the Index.
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Specifically, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) seeks to track the performance of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations in the value of the applicable foreign currencies relative to the U.S. dollar. For instance, the Momentum Signal shows that when the 10-day moving average of a currency’s spot price versus the U.S. dollar is weaker than the 240-day moving average or a currency is depreciating, a hedge ratio of 33.3% is applied to the index. The interest rates signal shows that if the implied interest rate in the U.S. is greater than that of a targeted currency using one-month FX forward rates, a hedge ratio of 33.3% is applied to the index.
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Specifically, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) seeks to track the performance of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations in the value of the applicable foreign currencies relative to the U.S. dollar. Exporters of capital are rewarded through interest rates for taking on currency risk as currency does not depreciate by as much as implied by the FX forward rate pricing. The interest rates signal shows that if the implied interest rate in the U.S. is greater than that of a targeted currency using one-month FX forward rates, a hedge ratio of 33.3% is applied to the index.
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0728dc35-a21c-4541-82d0-b35ac6d8418b
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720169.0
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2022-10-03 00:00:00 UTC
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What’s Your Strategy for International Allocations? Seeking Opportunities Against Geopolitical Risk and the Strong Dollar
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DDWM
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https://www.nasdaq.com/articles/whats-your-strategy-for-international-allocations-seeking-opportunities-against
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nan
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nan
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International allocations face many headwinds in 2022, including a strong U.S. dollar and rising geopolitical tensions. However, many investors are doubling down on their risk by investing in unhedged strategies.
In the upcoming webcast, What’s Your Strategy for International Allocations? Seeking Opportunities Against Geopolitical Risk and the Strong Dollar, Jeremy Schwartz, global chief investment officer at WisdomTree, and Liqian Ren, director of Modern Alpha at WisdomTree, will engage in a discussion on the benefits of currency hedging in international allocations to help access a “truer” exposure to foreign markets.
For example, the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and WisdomTree Europe Hedged Equity ETF (HEDJ) have been popular ways to play developed overseas markets while hedging against foreign exchange currency risks.
Specifically, the WisdomTree Japan Hedged Equity Fund seeks to provide exposure to the Japanese equity market while hedging exposure to fluctuations between the U.S. dollar and the yen.
The WisdomTree Europe Hedged Equity Fund seeks to provide exposure to the European equity market while hedging exposure to fluctuations between the U.S. dollar and the euro.
The underlying indices are designed to have higher returns than an equivalent non-currency hedged investment when the local currency is weakening relative to the U.S. dollar. Conversely, the underlying indices will have lower returns than an equivalent unhedged investment when the local currency is rising relative to the U.S. dollar.
Additionally, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is another strategy that investors can look to access a broader international market exposure.
The WisdomTree Dynamic Currency Hedged International Equity Fund seeks to track the performance of dividend-paying companies in the industrialized world outside of the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. Specifically, the underlying index is comprised of companies incorporated in 15 developed European countries, Japan, Australia, Hong Kong, Israel, and Singapore.
In addition, DDWM is a more dynamic strategy where the underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month.
Financial advisors who are interested in learning more about international investing strategies can register for the Tuesday, October 4 webcast here.
Read more on ETFtrends.com.
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 addition, DDWM is a more dynamic strategy where the underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month. Additionally, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is another strategy that investors can look to access a broader international market exposure. The underlying indices are designed to have higher returns than an equivalent non-currency hedged investment when the local currency is weakening relative to the U.S. dollar.
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Additionally, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is another strategy that investors can look to access a broader international market exposure. In addition, DDWM is a more dynamic strategy where the underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month. Specifically, the WisdomTree Japan Hedged Equity Fund seeks to provide exposure to the Japanese equity market while hedging exposure to fluctuations between the U.S. dollar and the yen.
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Additionally, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is another strategy that investors can look to access a broader international market exposure. In addition, DDWM is a more dynamic strategy where the underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month. Seeking Opportunities Against Geopolitical Risk and the Strong Dollar, Jeremy Schwartz, global chief investment officer at WisdomTree, and Liqian Ren, director of Modern Alpha at WisdomTree, will engage in a discussion on the benefits of currency hedging in international allocations to help access a “truer” exposure to foreign markets.
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Additionally, the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is another strategy that investors can look to access a broader international market exposure. In addition, DDWM is a more dynamic strategy where the underlying benchmark is designed to remove from the index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% every month. Specifically, the WisdomTree Japan Hedged Equity Fund seeks to provide exposure to the Japanese equity market while hedging exposure to fluctuations between the U.S. dollar and the yen.
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7f8c45da-0fb6-469b-b116-f7c6bf444003
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720170.0
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2022-08-03 00:00:00 UTC
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Understanding How a Strong Dollar Impacts Global Economies
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DDWM
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https://www.nasdaq.com/articles/understanding-how-a-strong-dollar-impacts-global-economies
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nan
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nan
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The U.S. dollar continuing to strengthen can be extremely problematic for other countries’ economies, impacting the U.S. trade deficit and adding persistent inflationary pressures abroad. It was such a problem in the 1980s that the Plaza Accord was struck in 1985 between the U.S., France, Germany, the U.K., and Japan to intentionally depreciate the U.S. dollar and improve the U.S. trade deficit.
Exchange rates now sit at levels close to pre-Plaza Accord for the British pound, while the Japanese yen is at levels that haven’t been experienced often in the last 25 years, and the euro has broken parity with the U.S. dollar in the last month, explained Jeff Weniger, CFA and head of equity strategy at WisdomTree, in a recent blog post.
“Coming out of the global financial crisis, these four majors—the dollar, sterling, euro and yen—each had CPI-based real effective exchange rates that were largely in balance. As the dollar strengthened over the years, that has changed, with EUR and JPY showing up on the cheap side on this metric,” Weniger wrote.
Image source: WisdomTree blog
The British pound is currently at a weakness level last seen after the Brexit vote in 2016, and if it continues its current trajectory, it could hit pre-Plaza Accord levels. The yen, while not anywhere near the weakness it saw in the 1970s, when it ran anywhere between ¥200–300 to the U.S. dollar, is still pushing levels last experienced in 2002’s devaluation, and it could conceivably reach the levels of the 1998 aftermath of Long Term Capital Management’s collapse.
In the U.S., the plummeting valuations of the largest growth stocks, seen most easily through the performance of the Nasdaq Composite in 2022, follow a curve with a great deal of similarity to “Stages of a Mania,” as Weniger demonstrated through a side-by-side comparison.
Image source: WisdomTree blog
“If the coming years present a scenario in which U.S. stocks must unwind a bull market that got too far out of hand, maybe owning beleaguered overseas markets is the way to navigate it,” Weniger theorized.
WisdomTree has a bevy of funds for investing internationally, including currency-hedged options such as the WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG); rules-based hedging strategies through the WisdomTree Dynamic Currency-Hedged International Equity Fund (DDWM) and the WisdomTree International Multi-Factor Fund (DWMF); and non-hedged options such as the WisdomTree Japan Small Cap Dividend Fund (DFJ) and the WisdomTree Europe Quality Dividend Growth Fund (EUDG).
For more news, information, and strategy, visit the Modern Alpha Channel.
Read more on ETFtrends.com.
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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WisdomTree has a bevy of funds for investing internationally, including currency-hedged options such as the WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG); rules-based hedging strategies through the WisdomTree Dynamic Currency-Hedged International Equity Fund (DDWM) and the WisdomTree International Multi-Factor Fund (DWMF); and non-hedged options such as the WisdomTree Japan Small Cap Dividend Fund (DFJ) and the WisdomTree Europe Quality Dividend Growth Fund (EUDG). The U.S. dollar continuing to strengthen can be extremely problematic for other countries’ economies, impacting the U.S. trade deficit and adding persistent inflationary pressures abroad. “Coming out of the global financial crisis, these four majors—the dollar, sterling, euro and yen—each had CPI-based real effective exchange rates that were largely in balance.
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WisdomTree has a bevy of funds for investing internationally, including currency-hedged options such as the WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG); rules-based hedging strategies through the WisdomTree Dynamic Currency-Hedged International Equity Fund (DDWM) and the WisdomTree International Multi-Factor Fund (DWMF); and non-hedged options such as the WisdomTree Japan Small Cap Dividend Fund (DFJ) and the WisdomTree Europe Quality Dividend Growth Fund (EUDG). Image source: WisdomTree blog The British pound is currently at a weakness level last seen after the Brexit vote in 2016, and if it continues its current trajectory, it could hit pre-Plaza Accord levels. Image source: WisdomTree blog “If the coming years present a scenario in which U.S. stocks must unwind a bull market that got too far out of hand, maybe owning beleaguered overseas markets is the way to navigate it,” Weniger theorized.
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WisdomTree has a bevy of funds for investing internationally, including currency-hedged options such as the WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG); rules-based hedging strategies through the WisdomTree Dynamic Currency-Hedged International Equity Fund (DDWM) and the WisdomTree International Multi-Factor Fund (DWMF); and non-hedged options such as the WisdomTree Japan Small Cap Dividend Fund (DFJ) and the WisdomTree Europe Quality Dividend Growth Fund (EUDG). Exchange rates now sit at levels close to pre-Plaza Accord for the British pound, while the Japanese yen is at levels that haven’t been experienced often in the last 25 years, and the euro has broken parity with the U.S. dollar in the last month, explained Jeff Weniger, CFA and head of equity strategy at WisdomTree, in a recent blog post. Image source: WisdomTree blog The British pound is currently at a weakness level last seen after the Brexit vote in 2016, and if it continues its current trajectory, it could hit pre-Plaza Accord levels.
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WisdomTree has a bevy of funds for investing internationally, including currency-hedged options such as the WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG); rules-based hedging strategies through the WisdomTree Dynamic Currency-Hedged International Equity Fund (DDWM) and the WisdomTree International Multi-Factor Fund (DWMF); and non-hedged options such as the WisdomTree Japan Small Cap Dividend Fund (DFJ) and the WisdomTree Europe Quality Dividend Growth Fund (EUDG). The U.S. dollar continuing to strengthen can be extremely problematic for other countries’ economies, impacting the U.S. trade deficit and adding persistent inflationary pressures abroad. Exchange rates now sit at levels close to pre-Plaza Accord for the British pound, while the Japanese yen is at levels that haven’t been experienced often in the last 25 years, and the euro has broken parity with the U.S. dollar in the last month, explained Jeff Weniger, CFA and head of equity strategy at WisdomTree, in a recent blog post.
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4e6e5455-c2f0-4fad-906f-4285f01467c8
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720171.0
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2022-07-06 00:00:00 UTC
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The Advisors Guide to Currency Hedging When the Dollar Is Strong
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DDWM
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https://www.nasdaq.com/articles/the-advisors-guide-to-currency-hedging-when-the-dollar-is-strong
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nan
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nan
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The U.S. dollar has once again hit new highs today, reaching levels not seen in 20 years while the euro moved directly opposite to fall to 20-year lows, reported Reuters.
The converse movement of the two currencies is all tied to the complexities surrounding energy in Europe and the soaring energy prices affecting the European economy. The dollar index, an index that tracks the dollar compared to six different currencies, was above 107, a reading that was last recorded in December 2002. Year-to-date the index is up 12% and is trending toward its strongest year since 2014.
"You have traditional macro factors that are driving dollar strength right now rather than a risk-averse move," said Shaheb Jalinoos, global head of macro trading strategy for Credit Suisse. "High interest rates in the U.S. and a trade shift which is beneficial to the U.S. adds to sustainability of the dollar’s strength.”
Image source: Reuters
Global Currency Hedging Opportunities With WisdomTree
Currency hedging is essentially like insurance for international investments. A fund that utilizes currency hedging will include a portion specifically targeted to neutralize changes in the value of the currency’s exchange rate, thus allowing investors to capture the total return of their equity investment. The dollar carries a negative correlation to the S&P 500, at -0.46 as of May, while foreign currencies have become increasingly correlated to the S&P 500.
WisdomTree offers a variety of currency hedged options, from broader markets to targeted country exposures, and even drills down into small-cap opportunities within countries, some of the most direct investments possible into the value opportunities within another country’s economy.
For broader, currency hedged investment opportunities, there is the WisdomTree Europe Hedged Equity Fund (HEDJ), which gives exposure to dividend-paying companies within the Eurozone, and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) which invests in dividend-paying growth companies in developed countries ex-U.S. and Canada.
A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend-paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates.
Targeted country ETFs with currency hedges are the popular WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree Germany Hedged Equity Fund (DXGE), which both invest in dividend-paying companies that have an exporter tilt.
For small-cap exposure, options include the WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS), the WisdomTree Europe Hedged SmallCap Equity Fund (EUSC), and the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).
For more news, information, and strategy, visit the Modern Alpha Channel.
Read more on ETFtrends.com.
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 popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend-paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. The U.S. dollar has once again hit new highs today, reaching levels not seen in 20 years while the euro moved directly opposite to fall to 20-year lows, reported Reuters. "High interest rates in the U.S. and a trade shift which is beneficial to the U.S. adds to sustainability of the dollar’s strength.” Image source: Reuters Global Currency Hedging Opportunities With WisdomTree Currency hedging is essentially like insurance for international investments.
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A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend-paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. For broader, currency hedged investment opportunities, there is the WisdomTree Europe Hedged Equity Fund (HEDJ), which gives exposure to dividend-paying companies within the Eurozone, and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) which invests in dividend-paying growth companies in developed countries ex-U.S. and Canada. Targeted country ETFs with currency hedges are the popular WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree Germany Hedged Equity Fund (DXGE), which both invest in dividend-paying companies that have an exporter tilt.
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A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend-paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. For broader, currency hedged investment opportunities, there is the WisdomTree Europe Hedged Equity Fund (HEDJ), which gives exposure to dividend-paying companies within the Eurozone, and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) which invests in dividend-paying growth companies in developed countries ex-U.S. and Canada. Targeted country ETFs with currency hedges are the popular WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree Germany Hedged Equity Fund (DXGE), which both invest in dividend-paying companies that have an exporter tilt.
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A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend-paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. The dollar index, an index that tracks the dollar compared to six different currencies, was above 107, a reading that was last recorded in December 2002. "High interest rates in the U.S. and a trade shift which is beneficial to the U.S. adds to sustainability of the dollar’s strength.” Image source: Reuters Global Currency Hedging Opportunities With WisdomTree Currency hedging is essentially like insurance for international investments.
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1f0ed381-b29c-4b30-ad01-170071ceaf56
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720172.0
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2022-05-12 00:00:00 UTC
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An Advisor’s Guide to Currency Hedging and Why It Matters Again
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DDWM
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https://www.nasdaq.com/articles/an-advisors-guide-to-currency-hedging-and-why-it-matters-again
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nan
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nan
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Currency hedging hasn’t been a high priority for years for many investors that have international allocations, but as market volatility becomes more the norm and the U.S. undergoes a cycle of Fed tightening to fight inflation, suddenly, the conversion rates and currency fluctuations matter a lot more for international equity investments.
U.S. markets up until last year had been in a long-established bull run, with historically low interest rates, and it’s something that was mirrored in many countries around the world, with low interest rate policies largely the norm. With the onset of the COVID-19 pandemic, global supply chain issues, and now the war in Ukraine heavily impacting the global economy, countries have addressed the economic difficulties in a range of ways that has coalesced into fiscal tightening occurring in some countries and relaxing in others.
This is the kind of environment that currency hedging was designed for, in which fluctuating valuations of currencies can eat into returns for investors allocating internationally if there is no protection in place.
So what exactly is currency hedging? In essence, it’s like insurance for international investments; a fund that utilizes currency hedging will include a portion specifically targeted to neutralize changes in the value of the currency’s exchange rate, thus allowing investors to capture the total return of their equity investment.
“We argue that a strategic case for hedging currency risk is easily described by just wanting local market returns and not wanting to bet on a currency direction. If you are benchmarking to a worldview that starts with international investments from a foreign stock + foreign currency stack, hedging currency risk adds a U.S. dollar return stream to help neutralize that embedded foreign currency exposure,” writes Jeremy Schwartz, CFA, global CIO for WisdomTree, in their blog.
Why the dollar, you might ask? It turns out that the U.S. dollar actually has a negative correlation to the S&P 500, charted over a rolling 36-month time period from 1991-2021; the most recent calculation of that correlation is -0.46. By utilizing the U.S. dollar, it inherently provides better diversification for portfolios than gold (0.20), investment-grade bonds (0.12), and Treasuries (-0.32) in recent years, Schwartz explains.
Image source: WisdomTree Blog
In comparison, foreign currencies have become increasingly correlated to the S&P 500 over that same timeline, providing less diversification opportunities. Schwartz believes that currency hedged strategies will provide strong diversification potential for investors, given both the negative dollar correlation and the current Fed cycle.
The Currency Hedged Suite from WisdomTree
WisdomTree offers a variety of currency hedged options, from broader markets to targeted country exposures, and even drills down into small-cap opportunities within countries, some of the most direct investments possible into the value opportunities within another country’s economy.
For broader, currency hedged investment opportunities, there is the WisdomTree Europe Hedged Equity Fund (HEDJ), which gives exposure to dividend paying companies within the Eurozone, and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) invests in dividend paying growth companies in developed countries ex-U.S. and Canada.
A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates.
Targeted country ETFs with currency hedges are the popular WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree Germany Hedged Equity Fund (DXGE), which both invest in dividend paying companies that have an exporter tilt.
For small-cap exposure, options include the WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS), the WisdomTree Europe Hedged SmallCap Equity Fund (EUSC), and the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).
For more news, information, and strategy, visit the Modern Alpha Channel.
Read more on ETFtrends.com.
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 popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. By utilizing the U.S. dollar, it inherently provides better diversification for portfolios than gold (0.20), investment-grade bonds (0.12), and Treasuries (-0.32) in recent years, Schwartz explains. Image source: WisdomTree Blog In comparison, foreign currencies have become increasingly correlated to the S&P 500 over that same timeline, providing less diversification opportunities.
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A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. For broader, currency hedged investment opportunities, there is the WisdomTree Europe Hedged Equity Fund (HEDJ), which gives exposure to dividend paying companies within the Eurozone, and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) invests in dividend paying growth companies in developed countries ex-U.S. and Canada. Targeted country ETFs with currency hedges are the popular WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree Germany Hedged Equity Fund (DXGE), which both invest in dividend paying companies that have an exporter tilt.
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A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. For broader, currency hedged investment opportunities, there is the WisdomTree Europe Hedged Equity Fund (HEDJ), which gives exposure to dividend paying companies within the Eurozone, and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) invests in dividend paying growth companies in developed countries ex-U.S. and Canada. Targeted country ETFs with currency hedges are the popular WisdomTree Japan Hedged Equity Fund (DXJ) and the WisdomTree Germany Hedged Equity Fund (DXGE), which both invest in dividend paying companies that have an exporter tilt.
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A popular choice for investors has been the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM), which invests in dividend paying companies from industrialized companies globally ex-U.S. and China, all while dynamically hedging for the currency ratio using a rules-based process that takes into account value, momentum, and interest rates. So what exactly is currency hedging? Schwartz believes that currency hedged strategies will provide strong diversification potential for investors, given both the negative dollar correlation and the current Fed cycle.
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26eb845a-052a-4f0f-8460-ffb64e1be7e2
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720173.0
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2022-04-12 00:00:00 UTC
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As U.S. Inflation Soars, Consider Dividends Overseas
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DDWM
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https://www.nasdaq.com/articles/as-u.s.-inflation-soars-consider-dividends-overseas
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nan
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nan
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The Consumer Price Index came in higher than anticipated at 8.5% for March, and while stock markets in the U.S. initially rallied in the hopes that it might be the peak, many economists believe that inflation could remain substantial through the end of the year.
The increases to consumer prices have happened at a rate not seen since stagflation in the 1970s and ‘80s, and while core inflation rose slower at 6.5%, it is still the highest since August 1982, reports CNBC. Wages fell further behind costs, with real average hourly earnings dropping 0.8% for March, which could continue to add to mounting inflationary pressures.
“Overall, this report is encouraging, at the margin, though it is far too soon to be sure that the next few core prints will be as low; much depends on the path of used vehicle prices, which is very hard to forecast with confidence,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
As the U.S. faces six more interest rate increases, investors are searching for income opportunities in areas beyond fixed income, and an increasingly popular choice has been in dividend-paying companies. While volatility continues both in U.S. markets and abroad, investing in profit-making companies can be a feasible option to weather the storm of uncertainty.
For investors looking beyond U.S. markets for allocation, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) could be an excellent option, as it offers exposure to dividend-paying companies in the developed, international markets ex-U.S. and Canada, while hedging for currency exposure.
The Benefits of Currency Hedging
Currency hedging is becoming increasingly important amidst volatility as various countries begin to enact diverging fiscal policies. Jeremy Schwarz, CFA and Global CIO of WisdomTree, believes that the U.S. dollar offers one of the best diversifiers and hedges for portfolios with its -0.46 correlation to the S&P 500 over the previous 36 months.
Image source: WisdomTree blog
“While I am arguing you should bet less on currencies by adopting a strategic currency hedged framework, I also believe currency hedged strategies offer the more interesting diversifying property for the current Fed cycle and the negative correlation the dollar brings,” Schwarz writes in a WisdomTree blog.
DDWM seeks to track the WisdomTree Dynamic Currency Hedged International Equity Index, an index that is dividend-weighted and comprised of companies incorporated in Europe, Japan, Australia, Hong Kong, Israel, or Singapore. Companies that pay larger dividends are weighted heavier with sector and country representation capped at 25% (except real estate, with a 15% cap).
The index hedges for currency fluctuations, ranging anywhere from 0%-100%, and updates the hedge ratios monthly. Hedge ratios are determined by three quantitative signals that are all equally weighted for consideration: momentum, interest rate differentials, and value. By hedging the currency, it seeks to limit losses driven by depreciation of foreign currencies compared to the U.S. dollar and also capture gains when foreign currencies appreciate compared to the U.S. dollar.
DDWM carries an expense ratio of 0.40% and can be used to replace or complement active or passive strategies in international, developed, all-cap allocations.
For more news, information, and strategy, visit the Modern Alpha Channel.
Read more on ETFtrends.com.
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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For investors looking beyond U.S. markets for allocation, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) could be an excellent option, as it offers exposure to dividend-paying companies in the developed, international markets ex-U.S. and Canada, while hedging for currency exposure. DDWM seeks to track the WisdomTree Dynamic Currency Hedged International Equity Index, an index that is dividend-weighted and comprised of companies incorporated in Europe, Japan, Australia, Hong Kong, Israel, or Singapore. DDWM carries an expense ratio of 0.40% and can be used to replace or complement active or passive strategies in international, developed, all-cap allocations.
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For investors looking beyond U.S. markets for allocation, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) could be an excellent option, as it offers exposure to dividend-paying companies in the developed, international markets ex-U.S. and Canada, while hedging for currency exposure. DDWM seeks to track the WisdomTree Dynamic Currency Hedged International Equity Index, an index that is dividend-weighted and comprised of companies incorporated in Europe, Japan, Australia, Hong Kong, Israel, or Singapore. DDWM carries an expense ratio of 0.40% and can be used to replace or complement active or passive strategies in international, developed, all-cap allocations.
|
For investors looking beyond U.S. markets for allocation, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) could be an excellent option, as it offers exposure to dividend-paying companies in the developed, international markets ex-U.S. and Canada, while hedging for currency exposure. DDWM seeks to track the WisdomTree Dynamic Currency Hedged International Equity Index, an index that is dividend-weighted and comprised of companies incorporated in Europe, Japan, Australia, Hong Kong, Israel, or Singapore. DDWM carries an expense ratio of 0.40% and can be used to replace or complement active or passive strategies in international, developed, all-cap allocations.
|
For investors looking beyond U.S. markets for allocation, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) could be an excellent option, as it offers exposure to dividend-paying companies in the developed, international markets ex-U.S. and Canada, while hedging for currency exposure. DDWM seeks to track the WisdomTree Dynamic Currency Hedged International Equity Index, an index that is dividend-weighted and comprised of companies incorporated in Europe, Japan, Australia, Hong Kong, Israel, or Singapore. DDWM carries an expense ratio of 0.40% and can be used to replace or complement active or passive strategies in international, developed, all-cap allocations.
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7c6f2e37-2312-482f-999d-2de13e1df407
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720174.0
|
2021-08-20 00:00:00 UTC
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Looking to Cash In on a Stronger U.S. Dollar?
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DDWM
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https://www.nasdaq.com/articles/looking-to-cash-in-on-a-stronger-u.s.-dollar-2021-08-20
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nan
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nan
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Many equity-focused investors may not be aware of this, but the U.S. dollar is one of this year's best-performing currencies.
In fact, the dollar is standing out against the backdrop of other traditional hedges (gold and some bonds) vexing investors. While some investors believe the dollar and stocks move inverse of each other, a strong dollar can be positive for equities in some circumstances, including with currency-hedged exchange traded funds.
Currency-hedged ETFs garnered plenty of attention during the Federal Reserve's tapering regime and subsequent strong dollar environment in 2013-14. However, these funds could be worth revisiting today for investors seeking ex-U.S. equity exposure. The WisdomTree Developed International Factor Portfolio provides exposure to multiple currency hedging strategies.
A Stronger Dollar
The WisdomTree model portfolio could be alluring for advisors and clients for another reason: The dollar is benefiting from elevated turbulence in the domestic bond market this year.
“Since the start of the year the dollar has been more likely to rise when bond market volatility is rising,” notes BlackRock. “At the same time, rising bond market volatility has increasingly been correlated with higher equity volatility. Put differently, the dollar and equities are frequently responding to the same underlying factor, but in different directions.”
On the other hand, the model portfolio provides strong dollar benefits as they relate to ex-U.S. developed market stocks – an asset class that's almost too inexpensive to ignore these days.
The WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is the largest holding in the model portfolio at weight of 30%. The $165.53 million DDWM offers several advantages in a strong dollar setting.
First, the ETF provides exposure to stocks in 21 countries and a dozen currencies, confirming that it covers a lot of bases at the geographical and currency levels. Second, DDWM's currency methodology is dynamic, meaning WisdomTree can trim long dollar exposure if the greenback slumps. Third, DDWM is dividend weighted – a plus when plenty of developed markets outside the U.S. are boosting payouts.
Confirming that it indeed benefits from a strong dollar, DDWM is beating the widely followed MSCI EAFE Index by 300 basis points this year.
The other currency hedged holding in this model portfolio is the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ). DXJ, which benefits as the dollar strengthens against the Japanese yen, accounts for 5% of the model portfolio.
For more on how to implement model portfolios, visit our Model Portfolio Channel.
Read more on ETFtrends.com.
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 WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is the largest holding in the model portfolio at weight of 30%. Confirming that it indeed benefits from a strong dollar, DDWM is beating the widely followed MSCI EAFE Index by 300 basis points this year. The $165.53 million DDWM offers several advantages in a strong dollar setting.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is the largest holding in the model portfolio at weight of 30%. The $165.53 million DDWM offers several advantages in a strong dollar setting. Second, DDWM's currency methodology is dynamic, meaning WisdomTree can trim long dollar exposure if the greenback slumps.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is the largest holding in the model portfolio at weight of 30%. The $165.53 million DDWM offers several advantages in a strong dollar setting. Second, DDWM's currency methodology is dynamic, meaning WisdomTree can trim long dollar exposure if the greenback slumps.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) is the largest holding in the model portfolio at weight of 30%. The $165.53 million DDWM offers several advantages in a strong dollar setting. Second, DDWM's currency methodology is dynamic, meaning WisdomTree can trim long dollar exposure if the greenback slumps.
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01a9ea1c-f96c-4909-9af3-898ab1c9ffee
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720175.0
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2021-06-10 00:00:00 UTC
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Why Should Investors Consider European Stock ETFs?
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DDWM
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https://www.nasdaq.com/articles/why-should-investors-consider-european-stock-etfs-2021-06-10
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nan
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nan
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As measured by the S&P Europe 350 Index, European equities are outperforming their U.S. counterparts in what feels like the first time in an eternity.
Advisors may be apprehensive about allocating to European stocks. After all, the asset class has been a long-standing disappointment, and there's no need to take on international equity and currency risk when U.S. stocks are getting the job done.
Yet there are reasons to believe this year could be different, and for advisors still leery about European equities, the WisdomTree Developed International Factor Portfolio is an idea to evaluate. The model portfolio holds five developed international exchange traded funds, none of which are dedicated European products, in effect limiting some risk in these developed markets.
Still, there are reasons to consider the model portfolio over the near-term because things are looking up for European assets.
“Since the beginning of November, when hopes of COVID-19 vaccines began to boost confidence in the recovery, Eurozone stocks have returned 46.5%, compared with 30.6% for U.S. stocks,” notes Charles Schwab's Jeffrey Kleintop. “The Eurozone has outperformed even though vaccination programs lagged those in the United States. Ending restrictive lockdowns, ramped up bond buying by the European Central Bank (ECB), and the nearing rollout of Europe’s largest-ever stimulus plan should aid growth heading into the second half of 2021.”
Reasons to Believe
Europe was slower to roll out government stimulus programs than the U.S. and its efforts to effectively distribute coronavirus vaccines have left much to be desired. However, those ominous scenarios could imply that as Europe plays catch-up on the coronavirus relief front, stocks there could have more upside ahead. Some data points confirm things are heading in the right direction in Europe.
“France’s index of business confidence climbed to its highest in three years in May. Similarly, Germany’s IFO survey of business expectations showed its strongest reading since January 2011,” adds Schwab's Kleintop. “Even more importantly, consumers seem set to unleash pent up demand. Thanks to worker furlough programs relatively few workers lost their jobs in the Eurozone.”
Among the components in the WisdomTree model portfolio levered to a possible European equity resurgence are the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) and the WisdomTree International Quality Dividend Growth Fund (CBOE: IQDG).
DDWM allocates close to 60% of its geographic weight to European equities, including both Eurozone and non-Eurozone nations. The fund is a currency hedged fund, but it's not static, meaning it can adjust its currency positions. The $239.68 million IQDG has a Europe weight of north of 60% spread across 13 countries and is a quality play on rebounding ex-US developed market dividends.
For more on how to implement model portfolios, visit our Model Portfolio Channel.
Read more on ETFtrends.com.
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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Thanks to worker furlough programs relatively few workers lost their jobs in the Eurozone.” Among the components in the WisdomTree model portfolio levered to a possible European equity resurgence are the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) and the WisdomTree International Quality Dividend Growth Fund (CBOE: IQDG). DDWM allocates close to 60% of its geographic weight to European equities, including both Eurozone and non-Eurozone nations. Yet there are reasons to believe this year could be different, and for advisors still leery about European equities, the WisdomTree Developed International Factor Portfolio is an idea to evaluate.
|
Thanks to worker furlough programs relatively few workers lost their jobs in the Eurozone.” Among the components in the WisdomTree model portfolio levered to a possible European equity resurgence are the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) and the WisdomTree International Quality Dividend Growth Fund (CBOE: IQDG). DDWM allocates close to 60% of its geographic weight to European equities, including both Eurozone and non-Eurozone nations. As measured by the S&P Europe 350 Index, European equities are outperforming their U.S. counterparts in what feels like the first time in an eternity.
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Thanks to worker furlough programs relatively few workers lost their jobs in the Eurozone.” Among the components in the WisdomTree model portfolio levered to a possible European equity resurgence are the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) and the WisdomTree International Quality Dividend Growth Fund (CBOE: IQDG). DDWM allocates close to 60% of its geographic weight to European equities, including both Eurozone and non-Eurozone nations. The model portfolio holds five developed international exchange traded funds, none of which are dedicated European products, in effect limiting some risk in these developed markets.
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Thanks to worker furlough programs relatively few workers lost their jobs in the Eurozone.” Among the components in the WisdomTree model portfolio levered to a possible European equity resurgence are the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM) and the WisdomTree International Quality Dividend Growth Fund (CBOE: IQDG). DDWM allocates close to 60% of its geographic weight to European equities, including both Eurozone and non-Eurozone nations. The model portfolio holds five developed international exchange traded funds, none of which are dedicated European products, in effect limiting some risk in these developed markets.
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3e0eeef2-5754-4c31-a39d-f583de51ee2a
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720176.0
|
2020-11-11 00:00:00 UTC
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Does Your Portfolio Need a Jolt in Overseas Markets?
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DDWM
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https://www.nasdaq.com/articles/does-your-portfolio-need-a-jolt-in-overseas-markets-2020-11-11
|
nan
|
nan
|
International equities, including ex-US developed markets fare, are expected to get their momentum back with Joe Biden in the White House.
While there's only so much an American president can do to jolt overseas markets, advisors can position for an ex-US developed markets resurgence with WisdomTree's Developed International Model Portfolio.
“This model portfolio is designed for investors with a long-term horizon looking for exposure to a broad universe of Developed International equities primarily using factor focused ETFs,” according to the issuer. “The selected ETFs provide certain factor tilts that have the potential to generate excess return relative to comparable cap-weighted benchmarks over longer-term holding periods. The strategies may use both WisdomTree and non-WisdomTree ETFs.”
Modeling for Multi-Factor Success
With more looking to foreign markets as a way to diversify away from U.S. equities, investors will face certain risks associated with international exposure. Nevertheless, there are a number of smart beta global exchange traded fund strategies that can help investors better manage risks. The five funds in the Developed International model portfolio included multi-factor, dividend, and currency hedged strategies.
International markets have the potential to provide growth and diversification in different economic cycles, and with valuations on the group compelling, the asset class could be ready to shine as the new White House takes a less combative tone toward European trading partners.
One of the components in the Developed International model portfolio is the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM).
Unlike other popular currency-hedged ETF offerings with a static foreign exchange hedge, the Dynamic Currency Hedged Equity Fund will hedge currency fluctuations in the relative value of the foreign currencies against the USD, ranging from a 0% to 100% hedge based on interest rate differentials, valuations, and relative price momentum of the foreign currencies compared to the USD. This may help the so-called dynamic currency-hedged ETF adjust to changes in the dollar ahead.
A fully hedged portfolio position has historically diminished returns when the U.S. dollar depreciates or international currencies strengthens. Since a hedged portfolio shorts foreign currencies, investors would miss out on the added boost if international currencies appreciate, a relevant point considering the dollar is weak thanks to Federal Reserve policy.
For more on how to implement model portfolios, visit our Model Portfolio Channel.
Read more on ETFtrends.com.
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 of the components in the Developed International model portfolio is the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM). “This model portfolio is designed for investors with a long-term horizon looking for exposure to a broad universe of Developed International equities primarily using factor focused ETFs,” according to the issuer. “The selected ETFs provide certain factor tilts that have the potential to generate excess return relative to comparable cap-weighted benchmarks over longer-term holding periods.
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One of the components in the Developed International model portfolio is the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM). The five funds in the Developed International model portfolio included multi-factor, dividend, and currency hedged strategies. Unlike other popular currency-hedged ETF offerings with a static foreign exchange hedge, the Dynamic Currency Hedged Equity Fund will hedge currency fluctuations in the relative value of the foreign currencies against the USD, ranging from a 0% to 100% hedge based on interest rate differentials, valuations, and relative price momentum of the foreign currencies compared to the USD.
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One of the components in the Developed International model portfolio is the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM). The five funds in the Developed International model portfolio included multi-factor, dividend, and currency hedged strategies. Unlike other popular currency-hedged ETF offerings with a static foreign exchange hedge, the Dynamic Currency Hedged Equity Fund will hedge currency fluctuations in the relative value of the foreign currencies against the USD, ranging from a 0% to 100% hedge based on interest rate differentials, valuations, and relative price momentum of the foreign currencies compared to the USD.
|
One of the components in the Developed International model portfolio is the WisdomTree Dynamic Currency Hedged International Equity Fund (CBOE: DDWM). The five funds in the Developed International model portfolio included multi-factor, dividend, and currency hedged strategies. Unlike other popular currency-hedged ETF offerings with a static foreign exchange hedge, the Dynamic Currency Hedged Equity Fund will hedge currency fluctuations in the relative value of the foreign currencies against the USD, ranging from a 0% to 100% hedge based on interest rate differentials, valuations, and relative price momentum of the foreign currencies compared to the USD.
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0ae09c41-ae0a-4b5c-8762-329fdf58d750
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720177.0
|
2018-08-29 00:00:00 UTC
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Is WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) a Hot ETF Right Now?
|
DDWM
|
https://www.nasdaq.com/articles/is-wisdomtree-dynamic-currency-hedged-international-equity-fund-ddwm-a-hot-etf-right-now
|
nan
|
nan
|
The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
Fund Sponsor & Index
Managed by Wisdomtree, DDWM has amassed assets over $246.18 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index before fees and expenses.
The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada & the US, & it remove from index performance the impact of changes to the value of foreign currencies relative to the USD with a hedge ratio ranging from 0 to 100% on a monthly basis.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.35%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 3.42%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
When you look at individual holdings, China Mobile Ltd accounts for about 1.38% of the fund's total assets, followed by Hsbc Holdings Plc (HSBA) and Bp Plc (BP/).
The top 10 holdings account for about 12.53% of total assets under management.
Performance and Risk
The ETF has lost about -0.28% so far this year and is up roughly 6.10% in the last one year (as of 08/29/2018). In the past 52-week period, it has traded between $28.72 and $31.95.
The fund has a beta of 0.59 and standard deviation of 12.99% for the trailing three-year period. With about 850 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center .
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
WISDMTR-DCH INT (DDWM): ETF Research Reports
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.
|
DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index before fees and expenses. The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $246.18 M, making it one of the average sized ETFs in the Broad Developed World ETFs.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index before fees and expenses. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $246.18 M, making it one of the average sized ETFs in the Broad Developed World ETFs.
|
The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $246.18 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index before fees and expenses.
|
The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $246.18 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index before fees and expenses.
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3b501032-f20c-4d39-ac56-6aebfbe5e880
|
720178.0
|
2018-08-06 00:00:00 UTC
|
Is WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) a Hot ETF Right Now?
|
DDWM
|
https://www.nasdaq.com/articles/wisdomtree-dynamic-currency-hedged-international-equity-fund-ddwm-hot-etf-right-now-2018-0
|
nan
|
nan
|
The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Managed by Wisdomtree, DDWM has amassed assets over $235.64 M, making it one of the average sized ETFs in the Broad Developed World ETFs. This particular fund, before fees and expenses, seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index.
The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada & the US, & it remove from index performance the impact of changes to the value of foreign currencies relative to the USD with a hedge ratio ranging from 0 to 100% on a monthly basis.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Annual operating expenses for this ETF are 0.35%, making it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 3.42%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
Looking at individual holdings, Hsbc Holdings Plc (HSBA) accounts for about 1.40% of total assets, followed by Bp Plc (BP/) and China Mobile Ltd.
The top 10 holdings account for about 12.64% of total assets under management.
Performance and Risk
The fund's year-to-date return has lost about -0.35%, and is up roughly 4.98% in the last one year (as of 08/06/2018). DDWM has traded between $28.70 and $31.95 in the past 52-week period.
The ETF has a beta of 0.59 and standard deviation of 13.08% for the trailing three-year period. With about 848 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center .
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
WISDMTR-DCH INT (DDWM): ETF Research Reports
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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The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $235.64 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM has traded between $28.70 and $31.95 in the past 52-week period.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $235.64 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM has traded between $28.70 and $31.95 in the past 52-week period.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $235.64 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM has traded between $28.70 and $31.95 in the past 52-week period.
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The WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) made its debut on 01/07/2016, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market. Fund Sponsor & Index Managed by Wisdomtree, DDWM has amassed assets over $235.64 M, making it one of the average sized ETFs in the Broad Developed World ETFs. DDWM has traded between $28.70 and $31.95 in the past 52-week period.
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afde4765-b67b-48ca-824a-93962c878791
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720179.0
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2018-06-13 00:00:00 UTC
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Is WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) a Hot ETF Right Now?
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DDWM
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https://www.nasdaq.com/articles/wisdomtree-dynamic-currency-hedged-international-equity-fund-ddwm-hot-etf-right-now-2018-1
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nan
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nan
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A smart beta exchange traded fund, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) debuted on 01/07/2016, and offers broad exposure to the Broad Developed World ETFs category of the U.S. equity market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
The fund is managed by Wisdomtree. DDWM has been able to amass assets over $505.01 M, making it one of the average sized ETFs in the Broad Developed World ETFs. Before fees and expenses, DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index.
The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada & the US, & it remove from index performance the impact of changes to the value of foreign currencies relative to the USD with a hedge ratio ranging from 0 to 100% on a monthly basis.
Cost & Other Expenses
For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.
Operating expenses on an annual basis are 0.35% for DDWM, making it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 1.96%.
Sector Exposure and Top Holdings
It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
When you look at individual holdings, Royal Dutch Shell Plc Class B (RDSB) accounts for about 1.89% of the fund's total assets, followed by Bp Plc (BP/) and Hsbc Holdings Plc (HSBA).
DDWM's top 10 holdings account for about 14.01% of its total assets under management.
Performance and Risk
DDWM has lost about -0.98% so far this year, and as of 06/13/2018, is up about 7.14% in the last one year. In the past 52-week period, the fund has traded between $28.31 and $31.95.
The ETF has a beta of 0.57 and standard deviation of 13.26% for the trailing three-year period. With about 789 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center .
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
WISDMTR-DCH INT (DDWM): ETF Research Reports
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 smart beta exchange traded fund, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) debuted on 01/07/2016, and offers broad exposure to the Broad Developed World ETFs category of the U.S. equity market. Before fees and expenses, DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index. Operating expenses on an annual basis are 0.35% for DDWM, making it on par with most peer products in the space.
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A smart beta exchange traded fund, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) debuted on 01/07/2016, and offers broad exposure to the Broad Developed World ETFs category of the U.S. equity market. Before fees and expenses, DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index. DDWM has been able to amass assets over $505.01 M, making it one of the average sized ETFs in the Broad Developed World ETFs.
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A smart beta exchange traded fund, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) debuted on 01/07/2016, and offers broad exposure to the Broad Developed World ETFs category of the U.S. equity market. DDWM has been able to amass assets over $505.01 M, making it one of the average sized ETFs in the Broad Developed World ETFs. Before fees and expenses, DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index.
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A smart beta exchange traded fund, the WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) debuted on 01/07/2016, and offers broad exposure to the Broad Developed World ETFs category of the U.S. equity market. DDWM has been able to amass assets over $505.01 M, making it one of the average sized ETFs in the Broad Developed World ETFs. Before fees and expenses, DDWM seeks to match the performance of the WisdomTree Dynamic Currency Hedged International Equity Index.
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ec9ea839-de84-4b7f-b19b-f67446336e4a
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720180.0
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2018-05-18 00:00:00 UTC
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DDWM, FKU: Big ETF Outflows
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DDWM
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https://www.nasdaq.com/articles/ddwm-fku-big-etf-outflows-2018-05-18
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Dynamic Currency Hedged International Equity Fund, where 6,000,000 units were destroyed, or a 34.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust United Kingdom AlphaDEX Fund, which lost 100,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
VIDEO: DDWM, FKU: Big ETF 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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VIDEO: DDWM, FKU: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Dynamic Currency Hedged International Equity Fund, where 6,000,000 units were destroyed, or a 34.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust United Kingdom AlphaDEX Fund, which lost 100,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
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VIDEO: DDWM, FKU: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Dynamic Currency Hedged International Equity Fund, where 6,000,000 units were destroyed, or a 34.3% decrease week over week. 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: DDWM, FKU: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Dynamic Currency Hedged International Equity Fund, where 6,000,000 units were destroyed, or a 34.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust United Kingdom AlphaDEX Fund, which lost 100,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
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VIDEO: DDWM, FKU: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Dynamic Currency Hedged International Equity Fund, where 6,000,000 units were destroyed, or a 34.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust United Kingdom AlphaDEX Fund, which lost 100,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
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9cdaa7b3-f066-4eb0-89dd-41069e30ac58
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720181.0
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2017-01-04 00:00:00 UTC
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6 Successful ETF Launches of 2016
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DDWM
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https://www.nasdaq.com/articles/6-successful-etf-launches-2016-2017-01-04
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nan
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nan
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The ETF industry has gained immense popularity within just over 20 years. Though the pace of rollout slackened a bit year over year in 2016 as we saw close to 240 launches compared with approximately 300 seen in 2015, it was way higher than about 180 ETF initiations in 2014, 150 in 2013 and 170 rollouts in 2012 (read: Too Many ETFs Flying in the Market? ).
All these have tallied to 1,958 ETFs so far. Not only this, a considerable number of ETFs are in the pipeline, pointing to growing investor interest for exchange-traded products in this market.
The credit goes mainly to a wide range of innovative and fresh-themed products in the space, which hold investors' attention despite the peaks and troughs of the market (read: 6 ETF Ideas Most Favored by Issuers in 2016 ).
Below are six ETFs launched in 2016 that amassed a decent asset base.
WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $300.0 million
It forayed into the ETF universe in January 2016 and saw huge success. It focuses on the performance of dividend-paying companies in the industrialized world, barring Canada & the U.S., and rules out the effect of foreign currency translations relative to the USD from the index performance with a hedge ratio ranging from 0-100% on a monthly basis, as per the issuer .
With the currency market remaining extremely volatile in 2016 following moderation in the greenback, strength in yen and plunge in pound on Brexit in the first half and a recovery in the U.S. dollar in the second half, a dynamic currency-hedging technique was sure to win (read: Europe After Brexit: 5 Keys to Investing with ETFs ).
As of September 30, 2016, the fund's aggregate hedge ratio is 52.21%, with pound being the most hedged by 82.61%. The fund charges 35 bps in fees and has solid exposure in the U.K., Japan and France.
SPDR SSGA Gender Diversity Index ETF SHE - $272.5 million
The fund has generated about $272.5 million of assets since it debuted in March. It tracks the SSGA Gender Diversity Index and looks to focus on large-cap companies with female employees in senior leadership positions (read: Women Leaders ETFs Head to Head: WIL vs. SHE ).
First Trust Dorsey Wright Dynamic Focus 5 ETF FVC - $255.6 million
FVC is the dynamic version of the popular First Trust Focus 5 ETF FV that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
FVC offers a lower risk quotient than FV's strategy as the former uses cash as represented by 1-3 month U.S. Treasury bills. In a volatile market scenario, focus on lower-risk products has greater chances of outperforming. The fund entered the ETF world in March and charges 79 bps in fees.
Franklin LibertyQ Emerging Markets ETF FLQE- $248.3 million
The 203-security fund hit the market in June having invested in emerging market with favorable exposure to multiple investment style factors. The net expense ratio of the fund 55 bps in fees. South Korea (15.98%) and Taiwan (14.5%) get a double-digit weight in the fund.
Principal U.S. Small Cap Index ETF PSC- $245.4 million
The 441-security fund entered the market in September. The underlying index of the fund - the Nasdaq U.S. Small Cap Select Leaders Index - looks to track the small-cap U.S. stocks (both growth and value stock) with the "potential for high degrees of sustainable shareholder yield, pricing power and strong momentum, while adjusting for liquidity and quality as determined by a quantitative model." The fund charges 38 bps in fees.
IQ Enhanced Core Plus Bond U.S. ETF AGGP - $210.8 million
The underlying index of the fund looks to track the U.S. dollar-denominated fixed income universe by focusing on a momentum investing strategy (read: Top Performing Bond ETFs of 1H ).
The fund takes a fund-of funds approach with iShares Iboxx $ Investment Grade Corporate Bond ETF (16.68%), SPDR Bloomberg Barclays High Yield Bond ETF (14.00%) and Vanguard Intermediate-Term Corporate Bond ETF (12.9%) taking the top three spots. The fund charges 35 bps in fees and has roped in about $210.8 million after making a debut in May.
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FT-DORSEY WFFF (FV): ETF Research Reports
WISDMTR-DCH INT (DDWM): ETF Research Reports
FL-EMRG MARKETS (FLQE): ETF Research Reports
SPDR-SSGA GD (SHE): ETF Research Reports
FT-DRSY WDF5 (FVC): ETF Research Reports
PRINC-US SC IDX (PSC): ETF Research Reports
IQ-ENH CR PBUS (AGGP): ETF Research Reports
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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WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $300.0 million It forayed into the ETF universe in January 2016 and saw huge success. Click to get this free report FT-DORSEY WFFF (FV): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FL-EMRG MARKETS (FLQE): ETF Research Reports SPDR-SSGA GD (SHE): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports PRINC-US SC IDX (PSC): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. The credit goes mainly to a wide range of innovative and fresh-themed products in the space, which hold investors' attention despite the peaks and troughs of the market (read: 6 ETF Ideas Most Favored by Issuers in 2016 ).
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Click to get this free report FT-DORSEY WFFF (FV): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FL-EMRG MARKETS (FLQE): ETF Research Reports SPDR-SSGA GD (SHE): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports PRINC-US SC IDX (PSC): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $300.0 million It forayed into the ETF universe in January 2016 and saw huge success. First Trust Dorsey Wright Dynamic Focus 5 ETF FVC - $255.6 million FVC is the dynamic version of the popular First Trust Focus 5 ETF FV that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
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Click to get this free report FT-DORSEY WFFF (FV): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FL-EMRG MARKETS (FLQE): ETF Research Reports SPDR-SSGA GD (SHE): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports PRINC-US SC IDX (PSC): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $300.0 million It forayed into the ETF universe in January 2016 and saw huge success. First Trust Dorsey Wright Dynamic Focus 5 ETF FVC - $255.6 million FVC is the dynamic version of the popular First Trust Focus 5 ETF FV that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
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WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $300.0 million It forayed into the ETF universe in January 2016 and saw huge success. Click to get this free report FT-DORSEY WFFF (FV): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FL-EMRG MARKETS (FLQE): ETF Research Reports SPDR-SSGA GD (SHE): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports PRINC-US SC IDX (PSC): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. SPDR SSGA Gender Diversity Index ETF SHE - $272.5 million The fund has generated about $272.5 million of assets since it debuted in March.
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5bdc6c67-162b-4d03-81c2-6478f874f76e
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720182.0
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2016-12-22 00:00:00 UTC
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The 3 Best New ETFs That Will Keep Your Wallet Stuffed
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DDWM
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https://www.nasdaq.com/articles/the-3-best-new-etfs-that-will-keep-your-wallet-stuffed
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nan
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nan
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InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips
This has been another brisk year in terms of launches of new exchange-traded funds. As of Dec. 20, nearly 200 new ETFs have come to the market this year with 15 coming to market in just the first half of December.
Source: Investment Zen via Flickr (Modified)
It seems like every year brings a steady stream of new ETFs and every year, new ETFs face the same set of hurdles. The obstacles faced by new ETFs include, but by no means are limited to, fighting with entrenched competition for investors' assets, convincing investors that the nuanced, sometimes complex concepts offered by new ETFs are worth learning about and more.
Actually, the biggest hurdle faced by many new ETFs is the fact they are new. In what epitomizes herd mentality, many investors, including professionals, avoid new ETFs simply because of these funds' rookie status. More often than not, they are waiting for other investors to contribute assets to a new ETF to validate the fund, but if that does not happen, new ETFs can languish with paltry assets under management totals and scare investors away for extended periods of time.
On the other hand, not all new ETFs are to be avoided. In fact, some of this year's best new ETFs still merit consideration by investors. In searching for 2016's best new ETFs, the focus was not entirely on assets gained, but admittedly, it is not coincidental that investors have rapidly validated the concepts behind these new ETFs.
The 12 Best Fidelity 401k Funds to Own
The following are three new ETFs that are worth your money.
Best New ETFs: SPDR SSGA Gender Diversity ETF (SHE)
Expense Ratio:
One of the most fertile areas for new ETFs has been environmental, social and governance investing. Scores of the new ETFs that came to market in 2016, including at least five in December, are considered ESG funds. However, SPDR SSGA Gender Diversity ETF (NYSEARCA: SHE ) has been one of the dominant names among this year's crop of new ESG ETFs.
Home to 185 stocks, ESG follows the SSGA Gender Diversity Index. Put simply, SHE's index aims to hold companies with that have a higher percentage of women in senior management and c-level executive roles than competing companies. Historical data make the case for why SHE could prove to be one of this year's best new ETFs: "According to a 2015 MSCI study that explored global trends in gender diversity on corporate boards between December 2009 and August 2015, companies with at least three female board members outperformed others in overall return on equity by more than 36 percent."
SHE's top 10 holdings include familiar names such as PepsiCo, Inc. (NYSE: PEP ), Pfizer Inc. (NYSE: PFE ) and Amgen Inc. (NASDAQ: AMGN ).
Best New ETFs: WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)
Expense Ratio:
The WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM ) is one of 2016's best new ETFs for several reasons, but two immediately surface when examining DDWM. First, it is clear there is an audience for this new ETF, as highlighted by more than $300 million in assets under management.
AUM is a superficial metric, but DDWM addresses a relevant need for some investors looking to fill international positions within their portfolios. Prior to the advent of dynamically hedged ETFs such as DDWM, investors had only two choices: To be completely unhedged at the currency level or to be fully hedged with an ETF such as the WisdomTree Europe Hedged Equity Fund (NYSEARCA: HEDJ ).
DDWM is one of this year's best new ETFs because it removes the need for investors to attempt to time periods of dollar strength and weakness. Using a dynamic currency hedge, DDWM does the currency dirty work for investors.
The 10 Best S&P 500 Stocks of 2016
DDWM holds dividend-paying stocks from the U.K., Japan and France, among other major ex-U.S. developed markets.
Best New ETFs: Vanguard International Dividend Appreciation ETF (VIGI)
Expense Ratio:
Plenty of investors are familiar with the Vanguard Dividend Appreciation ETF (NYSEARCA: VIG ) as confirmed by that ETF's status as the largest U.S. dividend ETF. Well, VIG got an international cousin when Vanguard International Dividend Appreciation ETF (NASDAQ: VIGI ) debuted in February.
VIGI "emphasizes stocks exhibiting dividend growth and seeks to track the Nasdaq International Dividend Achievers Select Index, which comprises more than 200 all-cap developed and emerging markets stocks with a track record of increasing annual dividend payments," according to Vanguard.
In keeping with Vanguard's tradition of low fees, VIGI is less expensive than 78% of competing funds. This new ETF mixes developed and emerging economies with European nations accounting for over 38% of the lineup and emerging markets chiming in at nearly 23%.
VIGI is up nearly 1% since its debut and has been a decent asset gatherer with $230.5 million in AUM as of Nov. 30.
At the time of this writing, Todd Shriber did not own any of the aforementioned securities.
The post The 3 Best New ETFs That Will Keep Your Wallet Stuffed 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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AUM is a superficial metric, but DDWM addresses a relevant need for some investors looking to fill international positions within their portfolios. DDWM is one of this year's best new ETFs because it removes the need for investors to attempt to time periods of dollar strength and weakness. Best New ETFs: WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) Expense Ratio: The WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM ) is one of 2016's best new ETFs for several reasons, but two immediately surface when examining DDWM.
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Best New ETFs: WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) Expense Ratio: The WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM ) is one of 2016's best new ETFs for several reasons, but two immediately surface when examining DDWM. AUM is a superficial metric, but DDWM addresses a relevant need for some investors looking to fill international positions within their portfolios. Prior to the advent of dynamically hedged ETFs such as DDWM, investors had only two choices: To be completely unhedged at the currency level or to be fully hedged with an ETF such as the WisdomTree Europe Hedged Equity Fund (NYSEARCA: HEDJ ).
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Best New ETFs: WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) Expense Ratio: The WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM ) is one of 2016's best new ETFs for several reasons, but two immediately surface when examining DDWM. AUM is a superficial metric, but DDWM addresses a relevant need for some investors looking to fill international positions within their portfolios. Prior to the advent of dynamically hedged ETFs such as DDWM, investors had only two choices: To be completely unhedged at the currency level or to be fully hedged with an ETF such as the WisdomTree Europe Hedged Equity Fund (NYSEARCA: HEDJ ).
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Best New ETFs: WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) Expense Ratio: The WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM ) is one of 2016's best new ETFs for several reasons, but two immediately surface when examining DDWM. AUM is a superficial metric, but DDWM addresses a relevant need for some investors looking to fill international positions within their portfolios. Prior to the advent of dynamically hedged ETFs such as DDWM, investors had only two choices: To be completely unhedged at the currency level or to be fully hedged with an ETF such as the WisdomTree Europe Hedged Equity Fund (NYSEARCA: HEDJ ).
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09d1350e-b33d-464f-b5cf-2f1ecc698197
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720183.0
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2016-09-23 00:00:00 UTC
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ETF Boot Camp Draws Inspiration from ‘Shark Tank’
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DDWM
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https://www.nasdaq.com/articles/etf-boot-camp-draws-inspiration-shark-tank-2016-09-23
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nan
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nan
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As the exchange traded fund universe expands and money managers fill out the missing spaces with new investments, some exchange traded fund strategies have fallen out of favor and closed down, but a number of ETF ideas have stuck.
In the upcoming in-person ETF Boot Camp conference, Ethan Powell, Founder & President of Impact Shares, Akash Ganapathi, Co-Founder of Trill Financial, and Michael Venuto, Investing Officer & Co-Founder of Toroso Investments, will head up the ETF Shark Tank panel. Drawing inspiration form the popular CNBC show of the same name, the panel will hear short pitches from different prospective ETF issuers looking to launch the next killer ETF concept.
SEE MORE: ETF Boot Camp: Where Money Managers Can Gain ETF Industry Edge
"One more thing to look forward to at the Boot Camp is a panel called the ETF Shark Tank," Tom Lydon, publisher of ETF Trends, told Joe Anthony , President of Gregory FCA and a panelist at the ETF Boot Camp. "We're going to have three new innovative ETF ideas pitched to a group of ETF experts who will try to run them through the gamut to see if they have what it takes to bring those ETFs to market. We're going to have fun with that one.
Trending on ETF Trends
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What Trouble Lurks for the Euro ETF?
The Shifting ETF Regulatory Landscape
Mining ETFs Could Mount Another Rally
QDF: Don't Question Quality With This Dividend ETF
New ETF issuers, especially smaller money managers entering the trade, face stiff competitions as the industry matures. There are now 1,939 U.S.-listed ETFs on the market from 122 fund sponsors with $2.4 trillion in assets under management, according to XTF data. So far this year, 187 new funds have launched, but 95 ETFs have delisted.
In August, there were 10 new ETFs launched. However, last month was one of the biggest months for ETF closures, with 41 taken off the market, and more announced closures in September.
Nevertheless, the ETF industry is still going strong. According to BlackRock data, global exchange traded products attracted $39.8 billion in net inflows over August and added $213.4 billion in inflows for the year ended August. U.S.-listed ETFs have brought in $153.1 billion in net inflows year-to-date.
The most popular new ETF launches of 2016 include an eclectic bunch. So far this year, the SPDR Gender Diversity Index ETF (NYSEArca: SHE) attracted $278.8 million, WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) a brought in $276.1 million, IQ Enhanced Core Plus Bond U.S. ETF(NYSEArca: AGGP) has $247.2 million in assets under management and First Trust Dorsey Wright Dynamic Focus 5 ETF (NasdaqGM: FVC) holds $232.0 million.
Money managers who are interested in learning more about the ETF industry and the investment vehicle can attend the in-person third annual ETF Boot Camp in New York on September 29-30 . Want 50% off? Sign-up with a colleague and both use promo code "buddy" at checkout.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
This article was provided by our partner Tom Lydon of etftrends.com.
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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So far this year, the SPDR Gender Diversity Index ETF (NYSEArca: SHE) attracted $278.8 million, WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) a brought in $276.1 million, IQ Enhanced Core Plus Bond U.S. ETF(NYSEArca: AGGP) has $247.2 million in assets under management and First Trust Dorsey Wright Dynamic Focus 5 ETF (NasdaqGM: FVC) holds $232.0 million. As the exchange traded fund universe expands and money managers fill out the missing spaces with new investments, some exchange traded fund strategies have fallen out of favor and closed down, but a number of ETF ideas have stuck. In the upcoming in-person ETF Boot Camp conference, Ethan Powell, Founder & President of Impact Shares, Akash Ganapathi, Co-Founder of Trill Financial, and Michael Venuto, Investing Officer & Co-Founder of Toroso Investments, will head up the ETF Shark Tank panel.
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So far this year, the SPDR Gender Diversity Index ETF (NYSEArca: SHE) attracted $278.8 million, WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) a brought in $276.1 million, IQ Enhanced Core Plus Bond U.S. ETF(NYSEArca: AGGP) has $247.2 million in assets under management and First Trust Dorsey Wright Dynamic Focus 5 ETF (NasdaqGM: FVC) holds $232.0 million. In the upcoming in-person ETF Boot Camp conference, Ethan Powell, Founder & President of Impact Shares, Akash Ganapathi, Co-Founder of Trill Financial, and Michael Venuto, Investing Officer & Co-Founder of Toroso Investments, will head up the ETF Shark Tank panel. SEE MORE: ETF Boot Camp: Where Money Managers Can Gain ETF Industry Edge "One more thing to look forward to at the Boot Camp is a panel called the ETF Shark Tank," Tom Lydon, publisher of ETF Trends, told Joe Anthony , President of Gregory FCA and a panelist at the ETF Boot Camp.
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So far this year, the SPDR Gender Diversity Index ETF (NYSEArca: SHE) attracted $278.8 million, WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) a brought in $276.1 million, IQ Enhanced Core Plus Bond U.S. ETF(NYSEArca: AGGP) has $247.2 million in assets under management and First Trust Dorsey Wright Dynamic Focus 5 ETF (NasdaqGM: FVC) holds $232.0 million. SEE MORE: ETF Boot Camp: Where Money Managers Can Gain ETF Industry Edge "One more thing to look forward to at the Boot Camp is a panel called the ETF Shark Tank," Tom Lydon, publisher of ETF Trends, told Joe Anthony , President of Gregory FCA and a panelist at the ETF Boot Camp. The Shifting ETF Regulatory Landscape Mining ETFs Could Mount Another Rally QDF: Don't Question Quality With This Dividend ETF New ETF issuers, especially smaller money managers entering the trade, face stiff competitions as the industry matures.
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So far this year, the SPDR Gender Diversity Index ETF (NYSEArca: SHE) attracted $278.8 million, WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) a brought in $276.1 million, IQ Enhanced Core Plus Bond U.S. ETF(NYSEArca: AGGP) has $247.2 million in assets under management and First Trust Dorsey Wright Dynamic Focus 5 ETF (NasdaqGM: FVC) holds $232.0 million. SEE MORE: ETF Boot Camp: Where Money Managers Can Gain ETF Industry Edge "One more thing to look forward to at the Boot Camp is a panel called the ETF Shark Tank," Tom Lydon, publisher of ETF Trends, told Joe Anthony , President of Gregory FCA and a panelist at the ETF Boot Camp. So far this year, 187 new funds have launched, but 95 ETFs have delisted.
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2016-07-08 00:00:00 UTC
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The Zacks Analyst Blog Highlights: SPDR SSGA Gender Diversity Index, WisdomTree Dynamic Currency Hedged International Equity, First Trust Dorsey Wright Dynamic Focus 5, UBS AG FI Enhanced Global High Yield and IQ Enhanced Core Plus Bond U.S.
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-spdr-ssga-gender-diversity-index-wisdomtree-dynamic
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For Immediate Release
Chicago, IL - July 08, 2016 - 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 SPDR SSGA Gender Diversity Index ETF ( SHE ), WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ), First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC ), UBS AG FI Enhanced Global High Yield ETN ( FIHD ) and IQ Enhanced Core Plus Bond U.S. ETF ( AGGP ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
5 Successful New ETFs of 1H16
The ETF industry is growing by leaps and bounds. Issuers seem not to leave any stone unturned and appear steadfast in rolling out new products in tandem with investors' demand or market sentiment.
This took the industry to a phenomenal size of $2.23 trillion, contributed by about 1,658 ETFs. Novelty in product launches holds the key as issuers are extremely proactive in bringing about products on varied themes.
In the first half of 2016, as many as 126 ETFs were launched. Though the start was not great with the first quarter seeing just 46 new ETFs, the next three months was stellar in terms of issuances. As many as 80 funds entered the market with June seeing the highest addition of 31.
Among the new ETFs that hit the market in the last three months, the highest grossing one was initiated in March followed by a product that hit the market in February. Let's take a look at the other winning ETFs that scooped up assets in the first half of 2016, and look to be big winners for their issuers down the road.
SPDR SSGA Gender Diversity Index ETF ( SHE ) - $270.7 million
The fund has generated about $270.1 million of assets since it debuted in March. It tracks the SSGA Gender Diversity Index and looks to focus on large-cap companies with female employees in senior leadership positions (read: Women Leaders ETFs Head to Head: WIL vs. SHE ).
The fund holds 138 stocks in its basket and has an expense ratio of 0.20%. The fund's portfolio is well diversified with none holding more than 6.48%. From a sectoral perspective, financials (17.2%), health care (16.7%) and information technology (15.8%) occupy the top three positions.
WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) - $238.9 million
It forayed into the ETF universe in February and has seen huge success. It focuses on the performance of dividend-paying companies in the industrialized world, barring Canada & the U.S., and rules out the effect of foreign currency translations relative to the USD from the index performance with a hedge ratio ranging from 0-100% on a monthly basis, as per the issuer .
With the currency market remaining extremely volatile this year following moderation in USD, strength in yen and plunge in pound on Brexit, a dynamic currency-hedging technique is sure to win (read: Europe After Brexit: 5 Keys to Investing with ETFs ).
As of July 1, 2016, the fund's aggregate hedge ratio is 50.68%, with pound being the most hedged by 74.86%. The fund charges 35 bps in fees and has solid exposure in the U.K., Japan and France.
First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC ) - $161.2 million
FVC is the dynamic version of the popular First Trust Focus 5 ETF that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
FVC offers a lower risk quotient than FV's strategy as the former uses cash as represented by 1-3 month U.S. Treasury bills. In the current volatile market scenario, focus on lower-risk products has greater chances of outperforming. The fund entered the ETF world in March and charges 79 bps in fees.
UBS AG FI Enhanced Global High Yield ETN ( FIHD ) - $115.84 million
With record low yield prevailing in theglobal marketon a flight to safety spurred by overall growth issues and now Brexit, investors' craving for high-yield products makes sense. This led this note, which debuted in February, to amass about $115.8 million.
The underlying index of the note is MSCI World High Dividend Yield USD Gross Total Return Index. Investors should note that MSCI World High Dividend Yield index had an annual dividend yield of 3.97% as of May 31, 2016 (read: 7 Dividend ETF Winners of 1H16 Worth a Watch in 2H ).
IQ Enhanced Core Plus Bond U.S. ETF ( AGGP ) - $122.9 million
The underlying index of the fund looks to track the U.S. dollar-denominated fixed income universe by focusing on a momentum investing strategy. In any case, fixed income investing has been on a tear this year with broader market turmoil having an upper hand (read: Top Performing Bond ETFs of 1H ).
The fund takes a fund-of funds approach with iShares Iboxx $ Investment Grade Corporate Bond ETF (27.58%), Vanguard Mortgage-Backed Securities ETF (25.9%) and Vanguard Intermediate-Term Corporate Bond ETF (21.2%) each taking over 20% of the basket. The fund charges 35 bps in fees and has roped in about $122.9 million in less than two months.
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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock 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.
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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
SPDR-SSGA GD (SHE): ETF Research Reports
WISDMTR-DCH INT (DDWM): ETF Research Reports
FT-DRSY WDF5 (FVC): ETF Research Reports
UBS-FI EGHY (FIHD): ETF Research Reports
IQ-ENH CR PBUS (AGGP): ETF Research Reports
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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WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) - $238.9 million It forayed into the ETF universe in February and has seen huge success. Stocks recently featured in the blog include SPDR SSGA Gender Diversity Index ETF ( SHE ), WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ), First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC ), UBS AG FI Enhanced Global High Yield ETN ( FIHD ) and IQ Enhanced Core Plus Bond U.S. ETF ( AGGP ). Click to get this free report SPDR-SSGA GD (SHE): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here.
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Stocks recently featured in the blog include SPDR SSGA Gender Diversity Index ETF ( SHE ), WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ), First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC ), UBS AG FI Enhanced Global High Yield ETN ( FIHD ) and IQ Enhanced Core Plus Bond U.S. ETF ( AGGP ). Click to get this free report SPDR-SSGA GD (SHE): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) - $238.9 million It forayed into the ETF universe in February and has seen huge success.
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Stocks recently featured in the blog include SPDR SSGA Gender Diversity Index ETF ( SHE ), WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ), First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC ), UBS AG FI Enhanced Global High Yield ETN ( FIHD ) and IQ Enhanced Core Plus Bond U.S. ETF ( AGGP ). Click to get this free report SPDR-SSGA GD (SHE): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) - $238.9 million It forayed into the ETF universe in February and has seen huge success.
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Stocks recently featured in the blog include SPDR SSGA Gender Diversity Index ETF ( SHE ), WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ), First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC ), UBS AG FI Enhanced Global High Yield ETN ( FIHD ) and IQ Enhanced Core Plus Bond U.S. ETF ( AGGP ). WisdomTree Dynamic Currency Hedged International Equity Fund ( DDWM ) - $238.9 million It forayed into the ETF universe in February and has seen huge success. Click to get this free report SPDR-SSGA GD (SHE): ETF Research Reports WISDMTR-DCH INT (DDWM): ETF Research Reports FT-DRSY WDF5 (FVC): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here.
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62e59f49-c252-435d-a369-5bbbe5933668
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720185.0
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2016-07-07 00:00:00 UTC
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5 Successful New ETFs of 1H16
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DDWM
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https://www.nasdaq.com/articles/5-successful-new-etfs-of-1h16-2016-07-07
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nan
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nan
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The ETF industry is growing by leaps and bounds. Issuers seem not to leave any stone unturned and appear steadfast in rolling out new products in tandem with investors' demand or market sentiment.
This took the industry to a phenomenal size of $2.23 trillion, contributed by about 1,658 ETFs. Novelty in product launches holds the key as issuers are extremely proactive in bringing about products on varied themes.
In the first half of 2016, as many as 126 ETFs were launched. Though the start was not great with the first quarter seeing just 46 new ETFs, the next three months was stellar in terms of issuances. As many as 80 funds entered the market with June seeing the highest addition of 31.
Among the new ETFs that hit the market in the last three months, the highest grossing one was initiated in March followed by a product that hit the market in February. Let's take a look at the other winning ETFs that scooped up assets in the first half of 2016, and look to be big winners for their issuers down the road.
SPDR SSGA Gender Diversity Index ETF ( SHE ) - $270.7 million
The fund has generated about $270.1 million of assets since it debuted in March. It tracks the SSGA Gender Diversity Index and looks to focus on large-cap companies with female employees in senior leadership positions (read: Women Leaders ETFs Head to Head: WIL vs. SHE ).
The fund holds 138 stocks in its basket and has an expense ratio of 0.20%. The fund's portfolio is well diversified with none holding more than 6.48%. From a sectoral perspective, financials (17.2%), health care (16.7%) and information technology (15.8%) occupy the top three positions.
WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $238.9 million
It forayed into the ETF universe in February and has seen huge success. It focuses on the performance of dividend-paying companies in the industrialized world, barring Canada & the U.S., and rules out the effect of foreign currency translations relative to the USD from the index performance with a hedge ratio ranging from 0-100% on a monthly basis, as per the issuer .
With the currency market remaining extremely volatile this year following moderation in USD, strength in yen and plunge in pound on Brexit, a dynamic currency-hedging technique is sure to win (read: Europe After Brexit: 5 Keys to Investing with ETFs ).
As of July 1, 2016, the fund's aggregate hedge ratio is 50.68%, with pound being the most hedged by 74.86%. The fund charges 35 bps in fees and has solid exposure in the U.K., Japan and France.
First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC )- $161.2 million
FVC is the dynamic version of the popular First Trust Focus 5 ETF ( FV ) that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
FVC offers a lower risk quotient than FV's strategy as the former uses cash as represented by 1-3 month U.S. Treasury bills. In the current volatile market scenario, focus on lower-risk products has greater chances of outperforming. The fund entered the ETF world in March and charges 79 bps in fees.
UBS AG FI Enhanced Global High Yield ETN FIHD - $115.84 million
With record low yield prevailing in theglobal marketon a flight to safety spurred by overall growth issues and now Brexit, investors' craving for high-yield products makes sense. This led this note, which debuted in February, to amass about $115.8 million.
The underlying index of the note is MSCI World High Dividend Yield USD Gross Total Return Index. Investors should note that MSCI World High Dividend Yield index had an annual dividend yield of 3.97% as of May 31, 2016 (read: 7 Dividend ETF Winners of 1H16 Worth a Watch in 2H ).
IQ Enhanced Core Plus Bond U.S. ETFAGGP - $122.9 million
The underlying index of the fund looks to track the U.S. dollar-denominated fixed income universe by focusing on a momentum investing strategy. In any case, fixed income investing has been on a tear this year with broader market turmoil having an upper hand (read: Top Performing Bond ETFs of 1H ).
The fund takes a fund-of funds approach with iShares Iboxx $ Investment Grade Corporate Bond ETF (27.58%), Vanguard Mortgage-Backed Securities ETF (25.9%) and Vanguard Intermediate-Term Corporate Bond ETF (21.2%) each taking over 20% of the basket. The fund charges 35 bps in fees and has roped in about $122.9 million in less than two 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 >>
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
WISDMTR-DCH INT (DDWM): ETF Research Reports
UBS-FI EGHY (FIHD): ETF Research Reports
IQ-ENH CR PBUS (AGGP): ETF Research Reports
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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WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $238.9 million It forayed into the ETF universe in February and has seen huge success. Click to get this free report WISDMTR-DCH INT (DDWM): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. IQ Enhanced Core Plus Bond U.S. ETFAGGP - $122.9 million The underlying index of the fund looks to track the U.S. dollar-denominated fixed income universe by focusing on a momentum investing strategy.
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WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $238.9 million It forayed into the ETF universe in February and has seen huge success. Click to get this free report WISDMTR-DCH INT (DDWM): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC )- $161.2 million FVC is the dynamic version of the popular First Trust Focus 5 ETF ( FV ) that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
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Click to get this free report WISDMTR-DCH INT (DDWM): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $238.9 million It forayed into the ETF universe in February and has seen huge success. First Trust Dorsey Wright Dynamic Focus 5 ETF ( FVC )- $161.2 million FVC is the dynamic version of the popular First Trust Focus 5 ETF ( FV ) that invests in the top five ranked First Trust sector and industry ETFs as identified by their relative strength rankings.
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WisdomTree Dynamic Currency Hedged International Equity Fund DDWM - $238.9 million It forayed into the ETF universe in February and has seen huge success. Click to get this free report WISDMTR-DCH INT (DDWM): ETF Research Reports UBS-FI EGHY (FIHD): ETF Research Reports IQ-ENH CR PBUS (AGGP): ETF Research Reports To read this article on Zacks.com click here. Among the new ETFs that hit the market in the last three months, the highest grossing one was initiated in March followed by a product that hit the market in February.
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2023-12-16 11:00:00 UTC
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Deere (DE) Gains From Pricing Actions Despite Elevated Costs
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DE
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https://www.nasdaq.com/articles/deere-de-gains-from-pricing-actions-despite-elevated-costs
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Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results.
However, inflated material and labor costs are anticipated to impact the company's margins. Supply-chain challenges are other woes. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds.
Higher Sales & Positive Pricing Actions Drive Results
Deere’s row-crop tractor orders are booked through most of the fiscal second quarter of 2024 and four-wheel drive tractors are sold out through the end of the fiscal third quarter. Its order books are about 45% full. This reflects improved demand in its markets.
The need to replace aging equipment will also support Deere’s top-line performance. Demand for its construction equipment will be supported by increased infrastructure spending.
The company is assessing cost structure by reviewing organization efficiency and footprint assessment, which, in turn, will help improve margins. Its price realization action is expected to offset higher material and freight costs.
Deere’s smart industrial strategy is helping customers manage escalating input costs, while improving their yields. The company is focused on driving capital allocation decisions, intensifying investments in precision agriculture, and enhancing capabilities in the aftermarket and retrofit business. Deere has implemented actions to strengthen its financial position and preserve liquidity.
Strategic Investments Support Margins
Deere remains well-poised for growth over the long term, backed by steady investments in new products and geographies. The company will benefit from a concerted focus on launching products with advanced technologies and features, which provides it with a competitive edge. These investments will aid its customers in achieving improved profitability, productivity and sustainability through the effective use of technology.
It remains focused on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process.
The company is seeing strong demand from its new product launches like ExactRate planter applied fertilizer systems and AutoPath. ExactRate signifies the precision application of fertilizer, while AutoPath leverages Deere's onboard technology linked to its operation center throughout a customer's entire production cycle.
AutoPath will strengthen automated farming in the future with its new features and technologies as part of the company’s Precision Agriculture software package strategies.
Deere also launched its groundbreaking See & Spray Ultimate in March 2022. It can identify the difference between a weed and a healthy crop plant, and only spray the weed and lower chemical use.
Positive Farm Fundamentals to Aid Growth
The U.S. Department of Agriculture projects a net farm income of $141.3 billion for 2023, suggesting a 23% decline from that reported in 2022. The decline is mainly due to lower direct government payments.Despite this decline, net farm income in 2023 will be higher than the 2003-2022 average. This will continue to support Deere’s margin.
The farm size has been on the rise in the United States, which requires more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
In the years to come, the demand for agricultural equipment will be fueled by increased global demand for food from both population growth and an increasing proportion of the population aspiring for better living standards. Drought and water scarcity issues in the United States and other parts of the world support the need for efficient irrigation.
Higher Costs & Supply Constraints Remain Woes
Deere has been affected by rising material, labor and logistical costs. Also, supply-chain issues led to delays in deliveries of some parts, causing partially completed machinery to stack up at assembly plants as the company waited for the parts to arrive.
This resulted in factories becoming less efficient lately. Consequently, overhead spending has been high. Higher SG&A and R&D spendings are also weighing on Deere’s margins.
Price Performance
Deere’s shares have fallen 4.6% in the past six months compared with the industry’s 7.8% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 36.9% in the past six months.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.3% in the past six months.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 12.5% in six months.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : 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.
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Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. The company is focused on driving capital allocation decisions, intensifying investments in precision agriculture, and enhancing capabilities in the aftermarket and retrofit business. ExactRate signifies the precision application of fertilizer, while AutoPath leverages Deere's onboard technology linked to its operation center throughout a customer's entire production cycle.
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Higher Sales & Positive Pricing Actions Drive Results Deere’s row-crop tractor orders are booked through most of the fiscal second quarter of 2024 and four-wheel drive tractors are sold out through the end of the fiscal third quarter. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #4 (Sell). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters.
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This reflects improved demand in its markets. Positive Farm Fundamentals to Aid Growth The U.S. Department of Agriculture projects a net farm income of $141.3 billion for 2023, suggesting a 23% decline from that reported in 2022. Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters.
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6412a25d-71d7-4fc5-b502-0861836f4e42
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720187.0
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2023-12-16 10:00:00 UTC
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Wall Street Bulls Look Optimistic About Deere (DE): Should You Buy?
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DE
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-deere-de%3A-should-you-buy-0
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nan
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nan
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Deere (DE).
Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms. An ABR of 1.80 approximates between Strong Buy and Buy.
Of the 20 recommendations that derive the current ABR, 12 are Strong Buy, representing 60% of all recommendations.
Brokerage Recommendation Trends for DE
Check price target & stock forecast for Deere here>>>
The ABR suggests buying Deere, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is DE Worth Investing In?
Looking at the earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has declined 13.1% over the past month to $28.48.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Deere with a grain of salt.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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
Deere & Company (DE) : 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.
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In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for Deere with a grain of salt. Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Brokerage Recommendation Trends for DE Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock.
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24306d3f-c006-48dc-95bc-497d3b2387e6
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720188.0
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2023-12-16 09:00:00 UTC
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Validea Detailed Fundamental Analysis - DE
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DE
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https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-de-17
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% 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.
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.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
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.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. DEERE & COMPANY (DE) is a large-cap value stock in the Constr. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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946eb8f2-d574-494d-82e9-f66bbdef8b11
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720189.0
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2023-12-15 00:00:00 UTC
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DE Quantitative Stock Analysis
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DE
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-8
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% 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.
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.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
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.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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8c4772c4-4631-43d0-a82a-268b4d1115b7
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720190.0
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2023-12-14 00:00:00 UTC
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Noteworthy Friday Option Activity: DE, NKE, GNRC
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DE
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-de-nke-gnrc
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 10,159 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.1% of DE's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $440 strike put option expiring January 17, 2025, with 388 contracts trading so far today, representing approximately 38,800 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $440 strike highlighted in orange:
Nike (Symbol: NKE) saw options trading volume of 30,147 contracts, representing approximately 3.0 million underlying shares or approximately 42.5% of NKE's average daily trading volume over the past month, of 7.1 million shares. Particularly high volume was seen for the $118 strike put option expiring December 22, 2023, with 1,483 contracts trading so far today, representing approximately 148,300 underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $118 strike highlighted in orange:
And Generac Holdings Inc (Symbol: GNRC) saw options trading volume of 5,271 contracts, representing approximately 527,100 underlying shares or approximately 42.3% of GNRC's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $125 strike call option expiring December 15, 2023, with 559 contracts trading so far today, representing approximately 55,900 underlying shares of GNRC. Below is a chart showing GNRC's trailing twelve month trading history, with the $125 strike highlighted in orange:
For the various different available expirations for DE options, NKE options, or GNRC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Cheap Blue Chip Stocks
Top Ten Hedge Funds Holding MSF
VUZI Historical Stock Prices
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 $440 strike put option expiring January 17, 2025, with 388 contracts trading so far today, representing approximately 38,800 underlying shares of DE. Particularly high volume was seen for the $118 strike put option expiring December 22, 2023, with 1,483 contracts trading so far today, representing approximately 148,300 underlying shares of NKE. Particularly high volume was seen for the $125 strike call option expiring December 15, 2023, with 559 contracts trading so far today, representing approximately 55,900 underlying shares of GNRC.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 10,159 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $440 strike highlighted in orange: Nike (Symbol: NKE) saw options trading volume of 30,147 contracts, representing approximately 3.0 million underlying shares or approximately 42.5% of NKE's average daily trading volume over the past month, of 7.1 million shares. Below is a chart showing NKE's trailing twelve month trading history, with the $118 strike highlighted in orange: And Generac Holdings Inc (Symbol: GNRC) saw options trading volume of 5,271 contracts, representing approximately 527,100 underlying shares or approximately 42.3% of GNRC's average daily trading volume over the past month, of 1.2 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 10,159 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $440 strike highlighted in orange: Nike (Symbol: NKE) saw options trading volume of 30,147 contracts, representing approximately 3.0 million underlying shares or approximately 42.5% of NKE's average daily trading volume over the past month, of 7.1 million shares. Below is a chart showing NKE's trailing twelve month trading history, with the $118 strike highlighted in orange: And Generac Holdings Inc (Symbol: GNRC) saw options trading volume of 5,271 contracts, representing approximately 527,100 underlying shares or approximately 42.3% of GNRC's average daily trading volume over the past month, of 1.2 million shares.
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Below is a chart showing DE's trailing twelve month trading history, with the $440 strike highlighted in orange: Nike (Symbol: NKE) saw options trading volume of 30,147 contracts, representing approximately 3.0 million underlying shares or approximately 42.5% of NKE's average daily trading volume over the past month, of 7.1 million shares. Particularly high volume was seen for the $118 strike put option expiring December 22, 2023, with 1,483 contracts trading so far today, representing approximately 148,300 underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $118 strike highlighted in orange: And Generac Holdings Inc (Symbol: GNRC) saw options trading volume of 5,271 contracts, representing approximately 527,100 underlying shares or approximately 42.3% of GNRC's average daily trading volume over the past month, of 1.2 million shares.
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df207ce3-b459-4701-a4c3-4f83f85fbd83
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720191.0
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2023-12-14 00:00:00 UTC
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IVW, ELV, DE, LRCX: Large Outflows Detected at ETF
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DE
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https://www.nasdaq.com/articles/ivw-elv-de-lrcx%3A-large-outflows-detected-at-etf
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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 iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $122.8 million dollar outflow -- that's a 0.3% decrease week over week (from 492,250,000 to 490,600,000). Among the largest underlying components of IVW, in trading today Elevance Health Inc (Symbol: ELV) is off about 3.5%, Deere & Co. (Symbol: DE) is down about 0.9%, and Lam Research Corp (Symbol: LRCX) is higher by about 0.9%. For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average:
Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. 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 »
Also see:
CTSO YTD Return
EQWL Dividend History
CMPS Videos
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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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. 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 » Also see: CTSO YTD Return EQWL Dividend History CMPS Videos 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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For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average: Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. 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). Click here to find out which 9 other ETFs experienced notable outflows » Also see: CTSO YTD Return EQWL Dividend History CMPS Videos 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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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $122.8 million dollar outflow -- that's a 0.3% decrease week over week (from 492,250,000 to 490,600,000). For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average: Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. 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.
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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 iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $122.8 million dollar outflow -- that's a 0.3% decrease week over week (from 492,250,000 to 490,600,000). For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average: Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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82cecade-16a5-48e2-a83a-5716dba65628
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720192.0
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2023-12-14 00:00:00 UTC
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4 Growing Dividend Stocks to Buy Now
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DE
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https://www.nasdaq.com/articles/4-growing-dividend-stocks-to-buy-now
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nan
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nan
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In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of December. Dividend stocks can provide stability during rough times like today. I chose a mix of companies in different industries that could provide significant upside for long-term investors.
*Stock prices used were from the trading day of Dec. 14, 2023. The video was published on Dec. 15, 2023.
Should you invest $1,000 in ExxonMobil right now?
Before you buy stock in ExxonMobil, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ExxonMobil wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Neil Rozenbaum has positions in Deere. The Motley Fool has positions in and recommends Starbucks. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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 this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of December. I chose a mix of companies in different industries that could provide significant upside for long-term investors. The 10 stocks that made the cut could produce monster returns in the coming years.
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Before you buy stock in ExxonMobil, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ExxonMobil wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has positions in Deere.
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Before you buy stock in ExxonMobil, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ExxonMobil wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has positions in Deere.
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Before you buy stock in ExxonMobil, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ExxonMobil wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has positions in Deere. In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of December.
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7f8dc24b-405b-4545-8f77-2ae6e61f79a6
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720193.0
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2023-12-13 00:00:00 UTC
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Guru Fundamental Report for DE
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DE
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https://www.nasdaq.com/articles/guru-fundamental-report-for-de-33
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nan
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nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% 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.
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.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
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.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. DEERE & COMPANY (DE) is a large-cap value stock in the Constr. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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54083dac-3dc7-444b-bc7f-0cb8f0cee1ab
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720194.0
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2023-12-11 00:00:00 UTC
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DE Quantitative Stock Analysis
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DE
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https://www.nasdaq.com/articles/de-quantitative-stock-analysis-7
|
nan
|
nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% 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.
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.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
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.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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a895bc3a-0447-4a68-a92b-f4e7ce4c8f6d
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720195.0
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2023-12-09 00:00:00 UTC
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3 Dividend Stocks Trading at 52-Week Lows
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DE
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https://www.nasdaq.com/articles/3-dividend-stocks-trading-at-52-week-lows
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nan
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nan
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I have always stated that stocks should not be bought just because they trade at a 52-week low. A new 52-week low does not make a particular stock cheap.
In today's video I will look at three dividend stocks trading at their 52-week lows and examine their metrics to determine if the stock is cheap or not. One of those stocks is Pfizer (NYSE: PFE).
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Dec. 7, 2023. The video was published on Dec. 8, 2023.
Should you invest $1,000 in Pfizer right now?
Before you buy stock in Pfizer, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Mark Roussin, CPA has positions in Bristol Myers Squibb and Deere. The Motley Fool has positions in and recommends Bristol Myers Squibb and Pfizer. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy.
Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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 10 stocks that made the cut could produce monster returns in the coming years. I have always stated that stocks should not be bought just because they trade at a 52-week low. In today's video I will look at three dividend stocks trading at their 52-week lows and examine their metrics to determine if the stock is cheap or not.
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Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Mark Roussin, CPA has positions in Bristol Myers Squibb and Deere. I have always stated that stocks should not be bought just because they trade at a 52-week low.
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In today's video I will look at three dividend stocks trading at their 52-week lows and examine their metrics to determine if the stock is cheap or not. Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Mark Roussin, CPA has positions in Bristol Myers Squibb and Deere.
|
Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them. I have always stated that stocks should not be bought just because they trade at a 52-week low. In today's video I will look at three dividend stocks trading at their 52-week lows and examine their metrics to determine if the stock is cheap or not.
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9306253c-a41e-4135-8ad1-1d09da2d17e6
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720196.0
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2023-12-08 00:00:00 UTC
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Validea Detailed Fundamental Analysis - DE
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DE
|
https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-de-16
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nan
|
nan
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Below is Validea's guru fundamental report for DEERE & COMPANY (DE). Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
DEERE & COMPANY (DE) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating using this strategy is 88% 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.
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.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: PASS
ADVERTISING TO ASSETS: FAIL
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: PASS
Detailed Analysis of DEERE & COMPANY
DE Guru Analysis
DE Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top Large-Cap Growth Stocks
Factor-Based Stock Portfolios
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
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.
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Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. 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. Below is Validea's guru fundamental report for DEERE & COMPANY (DE).
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DE rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. DEERE & COMPANY (DE) is a large-cap value stock in the Constr. Detailed Analysis of DEERE & COMPANY DE Guru Analysis DE Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing.
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8156f630-65b2-457e-a346-5244f342bbd5
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720197.0
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2023-12-07 00:00:00 UTC
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Noteworthy Thursday Option Activity: SMAR, MCD, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-smar-mcd-de
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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 SmartSheet Inc (Symbol: SMAR), where a total volume of 4,904 contracts has been traded thus far today, a contract volume which is representative of approximately 490,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.4% of SMAR's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $50 strike call option expiring December 15, 2023, with 1,248 contracts trading so far today, representing approximately 124,800 underlying shares of SMAR. Below is a chart showing SMAR's trailing twelve month trading history, with the $50 strike highlighted in orange:
McDonald's Corp (Symbol: MCD) saw options trading volume of 13,052 contracts, representing approximately 1.3 million underlying shares or approximately 44.3% of MCD's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $282.50 strike put option expiring December 08, 2023, with 756 contracts trading so far today, representing approximately 75,600 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $282.50 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 8,645 contracts, representing approximately 864,500 underlying shares or approximately 43.2% of DE's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $400 strike call option expiring January 19, 2024, with 494 contracts trading so far today, representing approximately 49,400 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $400 strike highlighted in orange:
For the various different available expirations for SMAR options, MCD options, or DE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Pioneer Natural Resources YTD Return
TLND Stock Predictions
PTK Options Chain
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 $50 strike call option expiring December 15, 2023, with 1,248 contracts trading so far today, representing approximately 124,800 underlying shares of SMAR. Especially high volume was seen for the $282.50 strike put option expiring December 08, 2023, with 756 contracts trading so far today, representing approximately 75,600 underlying shares of MCD. Particularly high volume was seen for the $400 strike call option expiring January 19, 2024, with 494 contracts trading so far today, representing approximately 49,400 underlying shares of DE.
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Especially high volume was seen for the $50 strike call option expiring December 15, 2023, with 1,248 contracts trading so far today, representing approximately 124,800 underlying shares of SMAR. Below is a chart showing SMAR's trailing twelve month trading history, with the $50 strike highlighted in orange: McDonald's Corp (Symbol: MCD) saw options trading volume of 13,052 contracts, representing approximately 1.3 million underlying shares or approximately 44.3% of MCD's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing MCD's trailing twelve month trading history, with the $282.50 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 8,645 contracts, representing approximately 864,500 underlying shares or approximately 43.2% of DE's average daily trading volume over the past month, of 2.0 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SmartSheet Inc (Symbol: SMAR), where a total volume of 4,904 contracts has been traded thus far today, a contract volume which is representative of approximately 490,400 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing SMAR's trailing twelve month trading history, with the $50 strike highlighted in orange: McDonald's Corp (Symbol: MCD) saw options trading volume of 13,052 contracts, representing approximately 1.3 million underlying shares or approximately 44.3% of MCD's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing MCD's trailing twelve month trading history, with the $282.50 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 8,645 contracts, representing approximately 864,500 underlying shares or approximately 43.2% of DE's average daily trading volume over the past month, of 2.0 million shares.
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Especially high volume was seen for the $50 strike call option expiring December 15, 2023, with 1,248 contracts trading so far today, representing approximately 124,800 underlying shares of SMAR. Below is a chart showing SMAR's trailing twelve month trading history, with the $50 strike highlighted in orange: McDonald's Corp (Symbol: MCD) saw options trading volume of 13,052 contracts, representing approximately 1.3 million underlying shares or approximately 44.3% of MCD's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing MCD's trailing twelve month trading history, with the $282.50 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 8,645 contracts, representing approximately 864,500 underlying shares or approximately 43.2% of DE's average daily trading volume over the past month, of 2.0 million shares.
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bfc8fd29-e646-4ca7-8280-f38f654e75d4
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720198.0
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2023-12-07 00:00:00 UTC
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Deere (DE) Rewards Shareholders With a 9% Dividend Hike
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DE
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https://www.nasdaq.com/articles/deere-de-rewards-shareholders-with-a-9-dividend-hike
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nan
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nan
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Deere & Company’s DE board hiked its quarterly cash dividend by 9%. Deere will now pay a quarterly cash dividend of $1.47 per share, up from the prior rate of $1.35 per share. The new quarterly dividend brings the company’s annualized dividend rate to $5.88 per share. The quarterly dividend will be paid out on Feb 8 to shareholders of record as of Dec 29, 2023.
The company’s previous dividend hike of 8% was announced in August 2023. The revised dividend of $1.47 per share will take DE’s dividend yield from the current 1.48% to 1.61%. The company has a payout ratio of around 16%.
Over the five years, the company raised its dividend five times, registering a five-year dividend growth rate of 14.6%. Deere’s five-year average dividend yield of 1.48% is higher than the industry’s 1.27%. Over the past five years, the company’s payout has averaged 14.6%, higher than the industry’s 13.91% payout.
Deere’s peer AGCO Corporation AGCO has a five-year average dividend yield of 1.01%. Based on payout over the past five years, AGCO has managed to outscore Deere with an average ratio of 37.3%. AGCO has increased its dividend four times in the past five years. Its five-year dividend growth rate of 15.1% is also higher than Deere’s.
Deere recently reported fourth-quarter fiscal 2023 (ended Oct 29, 2023) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share. The bottom line increased 11% from the prior-year quarter’s levels, backed by favorable market conditions and price realization.
Net sales of equipment operations (comprising Agriculture and Turf, Construction and Forestry) were down 4% year over year to $13.8 billion but surpassed the consensus estimate of $13.6 billion. Total net sales (including financial services and others) were $15.4 billion, down 1% year over year.
Deere reported cash and cash equivalents of $7.46 billion at the end of fiscal 2023 compared with $4.77 billion recorded at fiscal 2022 end. Cash flow from operating activities was $8.6 billion in fiscal 2023 compared with $4.7 billion in the prior fiscal.
Deere projects year-over-year declines in all its segments in fiscal 2024, reflecting its anticipation of weak demand. Net income for fiscal 2024 is expected to be between $7.75 billion and $8.25 billion. The midpoint of the guidance indicates a year-over-year slump of 21%.
Price Performance
Deere’s shares have lost 17.5% in a year compared with the industry’s 21.1% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR and Applied Industrial Technologies AIT.
CR currently sports a Zacks Rank #1 (Strong Buy) and AIT carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has remained unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. Shares of CR have rallied 33.7% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pegged at $9.43 per share, which indicates year-over-year growth of 7.8%. Earnings estimates have moved up 4% in the past 60 days. The company’s shares have rallied 27.2% in a year.
Only $1 to See All Zacks' Buys and Sells
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Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
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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.
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Based on payout over the past five years, AGCO has managed to outscore Deere with an average ratio of 37.3%. Deere projects year-over-year declines in all its segments in fiscal 2024, reflecting its anticipation of weak demand. Deere & Company’s DE board hiked its quarterly cash dividend by 9%.
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Deere reported cash and cash equivalents of $7.46 billion at the end of fiscal 2023 compared with $4.77 billion recorded at fiscal 2022 end. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere recently reported fourth-quarter fiscal 2023 (ended Oct 29, 2023) earnings of $8.26 per share, beating the Zacks Consensus Estimate of earnings of $7.49 per share. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #3 (Hold). Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere will now pay a quarterly cash dividend of $1.47 per share, up from the prior rate of $1.35 per share. Deere & Company’s DE board hiked its quarterly cash dividend by 9%. The new quarterly dividend brings the company’s annualized dividend rate to $5.88 per share.
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720199.0
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2023-12-06 00:00:00 UTC
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Daily Dividend Report: PCAR,AWK,PWR,MA,DE
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DE
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https://www.nasdaq.com/articles/daily-dividend-report%3A-pcarawkpwrmade
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PACCAR's Board of Directors today declared an extra cash dividend of three dollars and twenty cents per share, payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023.
American Water Works announced today that its board of directors declared a quarterly cash dividend payment of $0.7075 per share of common stock, payable on March 1, 2024, to all shareholders of record as of February 8, 2024. This quarterly dividend is a continuation of the increase in the annualized dividend approved by the Board and announced in April 2023.
Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis, which represents an approximately 12.5% increase from Quanta's last quarterly cash dividend paid in October 2023. The dividend is payable on January 12, 2024, to stockholders of record as of January 2, 2024.
Mastercard today announced that its Board of Directors has declared a quarterly cash dividend of 66 cents per share, a 16 percent increase over the previous dividend of 57 cents per share. The cash dividend will be paid on February 9, 2024 to holders of record of its Class A common stock and Class B common stock as of January 9, 2024. The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $11 billion of its Class A common stock. The new share repurchase program will become effective at the completion of the company's previously announced $9 billion program. As of December 1, 2023, the company had approximately $3.5 billion remaining under the current approved share repurchase program.
The Deere Board of Directors today declared a quarterly dividend of $1.47 per share payable February 8, 2024, to stockholders of record on December 29, 2023. The new quarterly rate represents an additional 12 cents per share over the previous level of $1.35.
VIDEO: Daily Dividend Report: PCAR,AWK,PWR,MA,DE
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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PACCAR's Board of Directors today declared an extra cash dividend of three dollars and twenty cents per share, payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023. American Water Works announced today that its board of directors declared a quarterly cash dividend payment of $0.7075 per share of common stock, payable on March 1, 2024, to all shareholders of record as of February 8, 2024. The Deere Board of Directors today declared a quarterly dividend of $1.47 per share payable February 8, 2024, to stockholders of record on December 29, 2023.
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Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis, which represents an approximately 12.5% increase from Quanta's last quarterly cash dividend paid in October 2023. Mastercard today announced that its Board of Directors has declared a quarterly cash dividend of 66 cents per share, a 16 percent increase over the previous dividend of 57 cents per share. The Deere Board of Directors today declared a quarterly dividend of $1.47 per share payable February 8, 2024, to stockholders of record on December 29, 2023.
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American Water Works announced today that its board of directors declared a quarterly cash dividend payment of $0.7075 per share of common stock, payable on March 1, 2024, to all shareholders of record as of February 8, 2024. Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis, which represents an approximately 12.5% increase from Quanta's last quarterly cash dividend paid in October 2023. Mastercard today announced that its Board of Directors has declared a quarterly cash dividend of 66 cents per share, a 16 percent increase over the previous dividend of 57 cents per share.
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Quanta Services announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis, which represents an approximately 12.5% increase from Quanta's last quarterly cash dividend paid in October 2023. Mastercard today announced that its Board of Directors has declared a quarterly cash dividend of 66 cents per share, a 16 percent increase over the previous dividend of 57 cents per share. The Deere Board of Directors today declared a quarterly dividend of $1.47 per share payable February 8, 2024, to stockholders of record on December 29, 2023.
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4f9c38bd-25e3-4324-8544-ce45b33fc275
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