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Stock Market & Financial Investment News

News For WMT;TGT;M From The Last 14 Days
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February 5, 2016
06:23 EDTM20 companies make alliance to keep down healthcare costs, WSJ says
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February 4, 2016
10:28 EDTMKohl's slumps after cutting forecast on lower than planned sales, margins
Shares of Kohl's (KSS) are plunging after the department store retailer cut its earnings per share guidance for fiscal year 2015 based on lower than planned sales for the quarter and "significantly" lower gross margins. WHAT'S NEW: Kohl's said this morning that comparable store sales for the fourth quarter increased 0.4%, with total quarterly sales rising 0.8%. The company said that despite a "very strong" holiday selling season, sales were "very volatile and less than planned" in the quarter. Additionally, Kohl's said the holiday season results were offset by a "very slow start" to Q4 in November as well as a weaker than expected January due to soft demand for cold-weather goods that led to lower store traffic. Looking ahead, Kohl's cut its FY15 EPS view to $3.95-$4.00, excluding losses from debt repayment, against analysts' consensus estimate of $4.30. Kohl's previously expected FY15 EPS to be at the low end of its $4.40-$4.60 range. Kohl's said it lowered its guidance as a result of lower than expected quarterly sales and "significantly lower than planned" gross margin. Kohl's is expected to report Q4 results on February 25. WHAT'S NOTABLE: Kohl's is considering whether to hire an investment bank to advise the company on alternatives including going private or a break up, The Wall Street Journal reported on January 11, citing a source. Kohl's executives are said to be open to a strategic review, the source said. ALSO NOTABLE: Retailer Ralph Lauren (RL) this morning said that while international net revenue grew 6% in constant currency in its third quarter, North America revenue declined 4%, due in part to warmer temperatures for the fall and holiday season. ANALYST OPINIONS: Buckingham yesterday upgraded Kohl's to Buy from Neutral, as the firm expected Kohl's SSS to rise by a low single digit percentage level in Q4. Analysts at Stifel said on January 11 that Kohl's could be worth as much as $95 in a takeover. PRICE ACTION: Kohl's is down over 14% to $43.72 in morning trading. OTHERS TO WATCH: Ralph Lauren is down over 17.5% to trade near $95 per share. Department store peers Macy's (M) and J.C. Penney (JCP) are down 3% and 2%, respectively, this morning.
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
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February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
February 1, 2016
16:17 EDTMPVH, G-III Apparel announce license agreement for Tommy Hilfiger womenswear
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14:05 EDTMMacy's announces senior executive changes amid 'evolving' consumer preferences
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08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
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January 29, 2016
15:00 EDTMMacy's puts Etsy shop in Herald Square store, Fortune reports
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08:27 EDTMMacy's volatility flat into trimming guidance
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08:05 EDTMMacy's cuts Q4 EPS view to $1.85-$1.90 ex-charges from $2.18-$2.23
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08:05 EDTMMacy's cuts FY15 EPS view to $3.54-$3.59 ex-items from $3.85-$3.90
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08:03 EDTMMacy's revises Q4, FY15 earnings guidance
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08:03 EDTMMacy's completes Brooklyn store redevelopment transaction
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06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
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January 25, 2016
16:49 EDTWMTMurphy USA announces $500M share buyback, shift in Walmart relationship
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