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M

Macy's

$23.03

-0.49 (-2.08%)

08:02
08/10/17
08/10
08:02
08/10/17
08:02

Macy's backs FY17 adjusted EPS view $2.90-$3.15, consensus $3.29

Macy's, Inc. reaffirms its previously provided guidance for full-year 2017. The company expects comparable sales on an owned basis to decline between 2.2 percent and 3.3 percent, with comparable sales on an owned plus licensed basis to decline between 2.0 percent and 3.0 percent. Total sales are expected to be down between 3.2 percent and 4.3 percent in fiscal 2017 , consensus $24.67B. Total sales for fiscal 2017 reflect a 53rd week, whereas comparable sales are on a 52-week basis. Adjusted earnings per diluted share of between $3.37 and $3.62 are expected in 2017, excluding the impact of the anticipated settlement charges and net premiums and fees associated with debt repurchases. Excluding the impact of the anticipated fourth quarter gain on the sale of the Union Square Men's building in San Francisco and the anticipated settlement charges and net premiums and fees associated with debt repurchases, adjusted earnings per diluted share of $2.90 to $3.15 are expected in 2017.

  • 10

    Aug

M Macy's
$23.03

-0.49 (-2.08%)

06/21/17
GDHS
06/21/17
NO CHANGE
GDHS
Nike-Amazon pact yet another department store headwind, says Gordon Haskett
Gordon Haskett analyst noted the reports of Nike (NKE) nearing a deal to sell directly on Amazon (AMZN), which he said wouldn't impact trends overnight but would represent another headwind for department stores, particularly J.C. Penney (JCP) and Kohl's (KSS), where the brand has a larger penetration than at Macy's (M) and Nordstrom (JWN). He keeps an Accumulate rating on Nordstrom, a Hold rating on Macy's and Reduce rating on both J.C. Penney and Kohl's.
06/07/17
GSCO
06/07/17
NO CHANGE
Target $25
GSCO
Neutral
Macy's price target lowered to $25 from $28 at Goldman Sachs
Goldman analyst Lindsay Drucker Mann lowerd Macy's price target to $25 from $28 to reflect weaker margin trends and operating earnings following the company's Investor Day. The analyst is encouraged by the detail around strategic initiatives and has confidence in -3-4% FY17 comp guidance range. Shares are Neutral rated.
05/12/17
COWN
05/12/17
NO CHANGE
Target $29
COWN
Market Perform
Macy's financial modeling worrisome, says Cowen
Cowen analyst Oliver Chen said the rapid transformation of consumers' shopping preferences presents ongoing challenges to Macy's and other retailers. He said the company needs to reinvent promotional techniques that currently are yielding poor store traffic and higher markdowns. Chen said from a financial modeling perspective he is worried, leading him to maintain his Market Perform rating on Macy's shares and cut his price target to $29 from $44.
05/12/17
SBSH
05/12/17
NO CHANGE
Target $23
SBSH
Neutral
Macy's price target lowered to $23 from $30 at Citi
Citi analyst Paul Lejuez lowered his price target for Macy's to $23 saying the company's results yesterday "stood out as extremely weak" amid disappointing quarters across the sector. The analyst keeps a Neutral rating on the shares.

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URI

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CVX

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DE

Deere

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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

06:34
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PacWest Bancorp

$44.13

-1.63 (-3.56%)

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CATY

Cathay General

$34.97

-0.94 (-2.62%)

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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

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DE

Deere

$123.98

-2.65 (-2.09%)

06:33
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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

06:32
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Earnings
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  • 18

    Aug

PM

Philip Morris

$115.93

-1.8 (-1.53%)

06:32
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MTZ

MasTec

$39.20

0.45 (1.16%)

, PWR

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$33.83

-0.44 (-1.28%)

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HIBB

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PWR

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$33.83

-0.44 (-1.28%)

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UMPQ

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$17.02

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  • 23

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PNM

PNM Resources

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EVH

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TNXP

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