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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:32 EDTBONT, DDS, SHLD, KSS, JCPDillard's falls after quarterly profit significantly trails expectations
Shares of fashion apparel, cosmetics and home furnishing retailer Dillard's (DDS) are falling after the company's fourth quarter profit significantly trailed expectations. WHAT'S NEW: This morning, Dillard's reported Q4 adjusted EPS of $2.69 and revenue of $2.03B, compared to analysts' consensus estimates of $3.00 and $2.09B, respectively. The company reported its same store sales increased 4% in the quarter. ANALYST REACTION: This morning, research firm Buckingham said Dillard's shares remain a compelling value and that the firm would be buyers of the stock on weakness. Buckingham said it was encouraged by the company's ability to produce comparable sales in-line with better performing retailers despite a difficult, highly promotional environment. Buckingham maintained a Buy rating on the shares with a $112 price target. However, the firm added that its price target and estimates were under review. PRICE ACTION: In late morning trading, Dillard's fell $4.88, or about 5.5%, to $84.45 on nearly three times its average daily trading volume. Including today's slide, the stock is virtually flat over the past twelve months. OTHERS TO WATCH: Other diversified retailers include Bon-Ton Stores (BONT), Kohl's (KSS), J.C. Penney (JCP) and Sears (SHLD).
News For DDS;JCP;SHLD;BONT;KSS From The Last 14 Days
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May 14, 2015
07:03 EDTKSSKohl's reports Q1 EPS 63c, consensus 55c
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07:02 EDTKSSKohl's says sales accelerated in March/April period after weak February
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06:52 EDTJCPJ.C. Penney target upped to $15 after Q1 results at Piper Jaffray
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May 13, 2015
16:39 EDTJCPJ.C. Penney gross margin helped by penetration of private brands
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16:34 EDTJCPJ.C. Penney saw slowdown in late April versus its expectations
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16:28 EDTJCPJ.C. Penney sees FY15 free cash flow breakeven
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16:26 EDTJCPJ.C. Penney reports Q1 gross margin 36.4%
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16:13 EDTJCPJ.C. Penney narrows FY15 SSS view to up 4%-5% from up 3%-5%
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16:09 EDTJCPJ.C. Penney reports Q1 EPS (57c), consensus (77c)
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15:15 EDTJCPJ.C. Penney May 9 straddle priced for 8.2% movement into Q1
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15:05 EDTKSSNotable companies reporting before tomorrow's open
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15:04 EDTJCPNotable companies reporting after market close
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12:54 EDTJCPEarnings Watch: J.C. Penney sees Q1 SSS up 3.5%-4.5%
J.C. Penney (JCP) is scheduled to report first quarter earnings after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. J.C. Penney operates about 1,100 retail stores and jcp.com. EXPECTATIONS: Analysts are looking for a loss per share of (77c) on revenue of $2.87B, according to First Call. The consensus range for EPS is (96c)-(61c) on revenue of $2.78B-$2.92B. LAST QUARTER: J.C. Penney reported fourth adjusted earnings per share of breakeven against estimates for 11c, on revenue of $3.89B against estimates for $3.87B. Comparable store sales were up 4.4%. The company forecast fiscal year 2015 SSS up 3%-5% and said it expected gross margin to improve 50 to 100 basis points versus 2014 and free cash flow to be flat. On its Q4 earnings conference call, the company said that it expected Q1 sales to be impacted less than 1% due to the West Coast port slowdown. NEWS: On March 17, AdAge said Chief Marketing Officer Debra Berman would leave the company immediately. Later that day, Bloomberg reported that General Cousnel Janet Dhillon would also leave the company, which was confirmed by J.C. Penney on March 20. On April 28, J.C. Penney appointed Mary Beth West as executive vice president and Chief Customer & Marketing Officer, effective June 1. In an April regulatory filing, J.C. Penney said it became aware that a senior company official "inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the company’s comparable store sales results for Q1 to date, which are approximately 6%." The company said it expects Q1 SSS up 3.5%-4.5%, which takes into account the shift of Easter into March. The retailer said it would introduce Sephora to 25 additional stores starting on May 1. In April, New York Attorney General Eric Schneiderman sent letters warning J.C. Penney and other retailers that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. STREET RESEARCH: Following the release of J.C. Penney's Q4 results, Deutsche Bank said J.C. Penney remained a "show me story" until liquidity is improved. Craig-Hallum said J.C. Penney's 2015 gross margin outlook supports its view the company's 2017 financial targets are "unattainable." In March, JPMorgan raised its price target for the retailer to $10 from $8 and said management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. Baird said J.C. Penney's business is on "more stable footing," but believes meaningful free cash flow growth will be challenging. PRICE ACTION: Over the last three months, J.C. Penney shares are up over 7.45%. In early afternoon trading ahead of Wednesday's Q1 report, J. C. Penney is down 2.5% to $8.66.
May 12, 2015
16:01 EDTJCPOptions Update; May 12, 2015
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15:44 EDTBONTGabelli reports 13.94% stake in Bon-Ton Stores
11:37 EDTJCPStocks with call strike movement; TWTR JCP
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07:36 EDTKSSKohl's Q1 estimates, price target raised at Jefferies
Jefferies raised its Q1 earnings per share estimate for Kohl's to 56c from 54c and its comp estimate to 3.0% from 2.5% after its research indicate the company had a "solid" quarter. The firm believes Kohl's various sales initiatives continued to drive traffic. Jefferies raised its price target for shares to $85 from $82 and reiterates a Buy rating on the name.
May 11, 2015
16:00 EDTJCPOptions Update; May 11, 2015
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May 10, 2015
13:43 EDTKSSKohl's may continue to outperform, Barron's says
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May 8, 2015
10:59 EDTJCPJ.C. Penney May volatility elevated into Q1 and outlook
J.C. Penney May call option implied volatility is at 84, June is at 52, August is at 47, November is at 44; compared to its 90-week average of 50, suggesting large near term price movement into the expected release of Q1 results on May 15.
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