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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:32 EDTSHLD, KSS, JCP, BONT, DDSDillard'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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March 25, 2015
07:58 EDTKSSKohl's price target raised to $85 from $80 at BofA/Merrill
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March 23, 2015
10:18 EDTSHLDSears Holdings volatility at low end of 44-month range as shares trend higher
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March 20, 2015
09:01 EDTJCPJ.C. Penney says general counsel Janet Dhillon to leave company
J.C. Penney said in a filing that effective March 20, Janet Dhillon, Executive Vice President, General Counsel and Secretary, is leaving J. C. Penney Company.
March 19, 2015
13:46 EDTKSSEarnings Preview: Nike sees Q3 constant dollar revenue growth in low teens
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March 18, 2015
13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
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12:46 EDTKSSKohl's management to meet with Piper Jaffray
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12:35 EDTSHLDSears supply chain under pressure, WSJ says
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March 17, 2015
15:41 EDTJCPJ.C. Penney General Counsel Janet Dhillon leaving, Bloomberg says
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06:57 EDTJCPJ.C. Penney CMO leaves company, effective immediately, AdAge reports
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