NEW YORK, December 2, 2016 /PRNewswire/ --
This morning, Stock-Callers.com revisits the Department Stores space, which as per Moody's Investors Service, is fighting to stay relevant in a world in which consumers have rapidly prioritized value and convenience as pricing becomes more transparent. Moody's expects the industry to post an approx. 11% decline in aggregate operating income this year. Let us now review the following stocks and see how they have fared over the last few trading sessions: J. C. Penney Co. Inc. (NYSE: JCP), Macy's Inc. (NYSE: M), Kohl's Corp. (NYSE: KSS), and The TJX Cos. Inc. (NYSE: TJX). Learn more about these stocks by accessing their free research reports at:
J. C. Penney
Plano, Texas-based J.C. Penney Co. Inc.'s shares rose 0.63%, finishing Thursday's trading session at $9.53. A total volume of 14.92 million shares was traded, which was above their three months average volume of 14.89 million shares. The stock has advanced 12.38% in the past month, 0.95% in the previous three months, and 43.09% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 5.76% and 2.56%, respectively. Moreover, shares of J.C. Penney, which through its subsidiary, J.C. Penney Corporation, Inc., sells merchandise through department stores in the US, have a Relative Strength Index (RSI) of 57.14.
On December 1st, 2016, J.C. Penney announced that the company's ecommerce website now features over 40% more online toys, apparel and home merchandise, along with exciting new product categories not found in stores. The Company now offers free same-day pick up in over 1,000 J.C. Penney stores nationwide and most orders can be shipped to any J.C. Penney store in the country. Free research report on JCP is available at:
On Thursday, shares in Cincinnati, Ohio-based Macy's Inc. recorded a trading volume of 5.25 million shares, and ended the session 0.52% higher at $42.42. The stock has gained 15.15% in the last one month, 17.98% over the previous three months, and 25.00% since the start of this year. The Company's shares are trading 10.79% above their 50-day moving average and 13.99% above their 200-day moving average. Furthermore, shares of Macy's, which together with its subsidiaries, operates stores, Websites, and mobile applications in the US, have an RSI of 61.24.
On November 10th, 2016, Macy's announced that it is forming a strategic alliance with Brookfield Asset Management, to create increased value in its real estate portfolio. Under the alliance, Brookfield will have an exclusive right for up to 24 months to create a "pre-development plan" for each of approximately 50 Macy's real estate assets, with an option for Macy's to continue to identify and add assets into the alliance. The complimentary research report on M can be downloaded at:
Shares in Menomonee Falls, Wisconsin headquartered Kohl's Corp. closed the day at $54.92, up 2.02% from the last trading session. The stock recorded a trading volume of 4.23 million shares, which was above its three months average volume of 3.69 million shares. The Company's shares have gained 25.70% in the last one month, 26.49% in the previous three months, and 19.44% on an YTD basis. The stock is trading 17.42% and 28.99% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Kohl's, which operates department stores in the US, have an RSI of 71.73.
On November 10th, 2016, Kohl's reported Q3 2016 sales of $4.33 billion, down 2.3% from sales of $4.43 billion in Q3 2015. In Q3 2016, the company's gross margin increased 2 basis points on a y-o-y basis to 37.1%. Kohl's posted net income (excluding non-recurring items) of $142 million for Q3 2016 compared to net income of $144 million in Q3 2015.
On November 15th, 2016, research firm Buckingham Research downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and access our complete research report on KSS at:
The TJX Cos.
At the closing bell yesterday, shares in Framingham, Massachusetts headquartered The TJX Cos. Inc. ended 0.86% lower at $77.67. A total volume of 3.49 million shares was traded, which was higher than their three months average volume of 3.32 million shares. The stock has advanced 7.56% in the last one month, 0.28% in the previous three months, and 10.99% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 3.93% and 2.08%, respectively. Furthermore, shares of TJX Cos., which operates as an off-price apparel and home fashions retailer in the US and internationally, have an RSI of 58.33.
On November 16th, 2016, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $84 a share to $85 a share. Get free access to your research report on TJX at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA