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:
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