Pre-Market Technical Scan on Retail-Department Stores Equities -- Macy's, Kohl's, J.C. Penney, and TJX Cos.
NEW YORK, Dec. 6, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on M, KSS, JCP, and TJX which is a click away at www.wallstequities.com/registration. Today's focus is shifted on the Retail-Department Stores space, which consists of companies engaged in the operation of department store chains, including auxiliary Internet and mail order facilities. The space is limited to department store retailers offering a diversified product line. Pre-market this morning, WallStEquities.com observes Macy's Inc. (NYSE: M), Kohl's Corp. (NYSE: KSS), J. C. Penney Co. Inc. (NYSE: JCP), and The TJX Cos. Inc. (NYSE: TJX). Get you free stock reports on these stock by registering now on Wall St. Equities at:
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Macy's
On Tuesday, shares in Cincinnati, Ohio-based Macy's Inc. recorded a trading volume of 16.16 million shares, which was above their three months average volume of 13.60 million shares. The stock ended the session 2.25% lower at $25.22. The Company's shares have gained 37.36% in the last one month and 13.76% over the previous three months. The stock is trading 22.14% above its 50-day moving average and 4.77% above its 200-day moving average. Moreover, shares of Macy's, which together with its subsidiaries, operates stores, Websites, and mobile applications, have a Relative Strength Index (RSI) of 74.45.
On December 01st, 2017, Macy's announced plans to hire additional 7,000 seasonal associates for positions at its Macy's stores nationwide for the 2017 Christmas and holiday season. Seasonal store associates serve customers on the selling floor and work in store operations positions, including fulfilling buy online, pick-up-in-store orders. Most seasonal positions are part-time, often with flexibility to fit the availability of the individuals hired. Get started with a complimentary subscription and access to the free report on M at:
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Kohl's
Menomonee Falls, Wisconsin headquartered Kohl's Corp.'s stock closed the day 3.77% lower at $48.26 with a total trading volume of 3.89 million shares. The Company's shares have advanced 14.82% in the past month and 13.90% in the previous three months. The stock is trading 9.94% and 18.77% 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 65.79.
On November 08th, 2017, Kohl's Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.55 per share. The dividend is payable on December 20th, 2017, to shareholders of record at the close of business on December 06th, 2017.
On November 10th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $46 a share to $47 a share. Free research on KSS can be accessed at:
www.wallstequities.com/registration/?symbol=KSS
J.C. Penney
Shares in Plano, Texas-based J.C. Penney Co. Inc. recorded a trading volume of 12.53 million shares. The stock ended yesterday's trading session 2.94% lower at $3.30. The Company's shares have advanced 39.24% in the past month. The stock is trading slightly below its 50-day moving average by 0.51%. Furthermore, shares of J.C. Penney, which through its subsidiary J.C. Penney Corporation, Inc., sells merchandise through department stores, have an RSI of 51.61.
On November 10th, 2017, J.C. Penney announced financial results for its fiscal third quarter ended October 28th, 2017. Total net sales decreased to $2.81 billion in Q3 2017; cost of goods sold, which excludes depreciation and amortization, was $1.85 billion; SG&A expenses declined to $840 million. Net loss for the quarter was ($128) million, adjusted net loss was ($102) million, and adjusted EBITDA was $108 million. Visit WallStEquities.com now and sign up for the free research on JCP at:
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TJX Cos.
Framingham, Massachusetts-based The TJX Cos. Inc.'s stock finished Tuesday's session 1.82% lower at $75.60. A total volume of 6.82 million shares was traded, which was above their three months average volume of 4.14 million shares. The Company's shares have advanced 10.20% in the last one month, 3.52% over the previous three months, and 0.63% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.46% and 2.66%, respectively. Additionally, shares of TJX Cos. have an RSI of 64.28.
On November 14th, 2017, TJX Cos. announced its results for Q3 and nine months ended October 28th, 2017. For Q3 FY18, net sales increased to $8.8 billion, net income was $641 million, and diluted earnings per share were $1.00. For the first nine months of FY18, net sales were $24.9 billion, net income was $1.7 billion, and diluted earnings per share were $2.67.
On November 15th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $76 a share to $70 a share. The free technical report on TJX is available at:
www.wallstequities.com/registration/?symbol=TJX
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