NEW YORK, June 9, 2017 /PRNewswire/ --
DailyStockTracker.com evaluates the following four department stores stocks: J.C. Penney Co. Inc. (NYSE: JCP), Macy's Inc. (NYSE: M), Kohl's Corp. (NYSE: KSS), and The TJX Cos. Inc. (NYSE: TJX). According to IBISWorld, over the five years to 2022, increased competition from ecommerce businesses and the continued transition of Department Stores to supercenters will pressure industry revenue. However, improved consumer spending and disposable income will encourage spending at department stores, which will offset some of the period's declines. Daily Stock Tracker published free research reports on these stocks today at:
Plano, Texas-based J.C. Penney Co. Inc.'s shares dropped 4.80%, closing Thursday's trading session at $4.56. The stock recorded a trading volume of 16.18 million shares. The Company's shares are trading 14.39% below their 50-day moving average. Additionally, shares of J.C. Penney, which through its subsidiary J.C. Penney Corp., Inc., sells merchandise through department stores, have a Relative Strength Index (RSI) of 36.47.
On May 15th, 2017, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $11 a share to $7 a share.
On June 01st, 2017, J.C. Penney announced that Marvin R. Ellison, Chairman and Chief Executive Officer, will participate in a fireside chat at the 37th Annual Piper Jaffray Consumer Conference on June 14th, 2017 in New York. The fireside chat is scheduled for approximately 30 minutes starting at 10:15 a.m. ET, and will be available via webcast which may be accessed on the Company's investor relations website. See our free and comprehensive research report on JCP at:
On Thursday, shares in Cincinnati, Ohio-based Macy's Inc. recorded a trading volume of 18.77 million shares, which was above their three months average volume of 7.63 million shares. The stock declined 0.18%, ending the day at $21.77. The Company's shares are trading below their 50-day moving average by 19.23%. Furthermore, shares of Macy's, which together with its subsidiaries, operates stores, Websites, and mobile applications, have an RSI of 25.73.
On June 01st, 2017, Macy's announced the appointment of Yasir Anwar to the role of Executive Vice President and Chief Technology Officer, effective immediately. In this new role, Anwar will oversee all technology functions for the Company. He will be responsible for the teams that build the end-to-end ecommerce experience, enterprise-shared services, infrastructure, field services, and functional IT support.
On June 07th, 2017, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $30 a share to $25 a share. M free research report is just a click away at:
Menomonee Falls, Wisconsin headquartered Kohl's Corp.'s stock finished the day 2.30% lower at $35.32. A total volume of 8.39 million shares was traded, which was above their three months average volume of 4.67 million shares. Shares of the Company are trading below their 50-day moving average by 8.91%. Additionally, shares of Kohl's, which operates department stores in the US, have an RSI of 34.79.
On May 12th, 2017, research firm UBS reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $44 a share to $38 a share.
On June 06th, 2017, Kohl's announced a donation of $160,000 to Ronald McDonald House Charities® of Eastern Wisconsin, Inc. (RMHC) to further the organization's mission of keeping families together, while children are receiving medical treatment at Milwaukee-area hospitals. The funding, as part of the Company's ongoing support of the organization, will amplify RMHC Eastern Wisconsin's programs and resources, as well as introduce a hospitality cart at Children's Hospital of Wisconsin, in support of the organization's goal of positively impacting 2,400 families this year. Sign up for your complimentary report on KSS at:
Shares in Framingham, Massachusetts-based The TJX Cos. Inc. ended yesterday's session 1.90% lower at $72.78. The stock recorded a trading volume of 5.14 million shares, which was above its three months average volume of 3.81 million shares. The Company's shares are trading 4.78% below their 200-day moving average. Moreover, shares of TJX Cos., which operates as an off-price apparel and home fashions retailer in the US and internationally, have an RSI of 36.05.
On May 17th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On June 05th, 2017, TJX Cos. announced the declaration of a quarterly dividend on its common stock of $.3125 per share, payable on August 31st, 2017, to shareholders of record on August 10th, 2017. Register for free on DailyStockTracker.com and download the latest research report on TJX at:
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