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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:32 EDTDDS, JCP, SHLD, BONT, KSSDillard'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
Check below for free stories on DDS;JCP;SHLD;BONT;KSS the last two weeks.
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July 31, 2014
16:10 EDTBONTBon-Ton Stores names Kathryn Bufano as CEO
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06:55 EDTJCPJ.C. Penney turnaround 'very much underway,' says Piper Jaffray
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July 25, 2014
15:32 EDTBONTGabelli raises stake in Bon-Ton Stores to 15.26% from 14.19%
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July 18, 2014
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter

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