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JCP

J.C. Penney

$1.25

0.01 (0.81%)

, WMT

Walmart

$102.80

0.38 (0.37%)

07:51
04/17/19
04/17
07:51
04/17/19
07:51

J.C. Penney names Steve Whaley as principal accounting officer, controller

J. C. Penney Company (JCP) said Steve Whaley has been named senior vice president, principal accounting officer and controller, reporting to Bill Wafford, executive vice president, CFO, effective April 29. He will lead the company's accounting operations and financial reporting functions, and will have oversight over the JCPenney finance and support services teams in Salt Lake City, Utah, and Bangalore, India. He will work closely with leaders of the organization to develop and execute strategic financial decisions designed to meet near and long-term financial objectives. Whaley was with Walmart (WMT) for over 11 years where he served as the senior vice president and controller, principal accounting officer. The Company also named Laurene Gandolfo as senior vice president for home product design and development reporting to Michelle Wlazlo, executive vice president, chief merchant. Gandolfo joins JCPenney on April 22 from Macy's (M), where she most recently served as executive vice president of men's and kids' private brands. Additionally, Trish Adams will serve as a strategic advisor to JCPenney, supporting the company's transformation office led by Truett Horne, senior vice president, chief transformation officer.

JCP

J.C. Penney

$1.25

0.01 (0.81%)

WMT

Walmart

$102.80

0.38 (0.37%)

M

Macy's

$24.57

(0.00%)

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JCP J.C. Penney
$1.25

0.01 (0.81%)

01/16/19
FBCO
01/16/19
NO CHANGE
Target $50
FBCO
Neutral
Nordstrom price target lowered to $50 from $55 at Credit Suisse
Credit Suisse analyst Michael Binetti lowered his price target for Nordstrom (JWN) to $50 from $55 on weak full-price holiday adding to already clearance filled January. With Nordstrom adding to industry markdown issues, the analyst sees negative reads for J.C. Penney (JCP), Kohl's (KSS), Gap (GPS), but positive for Burlington Stores (BURL), Ross Stores (ROST), and TJX (TJX). Binetti reiterates a Neutral rating on Nordstrom shares.
01/09/19
FBCO
01/09/19
NO CHANGE
FBCO
J.C. Penney looks best positioned to gain share from Sears, says Credit Suisse
Looking at potential near-term same-store sales lift Softlines Retail peers could see from share gains based on proximity to Sears (SHLD) stores amid a possible liquidation, Credit Suisse analyst Michael Binetti says J.C. Penney (JCP) and Burlington Stores (BURL) seem best positioned to gain share in 2019 due to close proximity. And while J.C. Penney looks best positioned to gain share from Sears, the analyst thinks the recent stock run-up is "a short-term bounce." Binetti does not see this as sustainable customer acquisition for J.C. Penney given the increased risk of closing destabilized malls, limited visibility to an improved merchandise strategy, and leverage constraints to growth investing. Overall, the analyst believes that while there may be some near-term share benefit, a Sears liquidation could be a bigger tipping point that will accelerate closures of already weakening U.S. C&D malls.
11/16/18
11/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Neutral from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying peak growth has passed. 2. J.C. Penney (JCP) downgraded to Sell from Hold at Argus with analyst John Eade saying he anticipates continued losses for the stock for the next two years while also warning that at a current share price below $2, the company is operating with a more elevated risk. 3. Nvidia (NVDA) was downgraded to Neutral from Buy at B. Riley FBR and to Buy from Conviction Buy at Goldman Sachs. 4. Michael Kors (KORS) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he is "concerned" that ongoing challenges with inventory management and replenishment at the company's namesake brand and softness within fashion watches will weigh on top-line trends and potentially margins, just as management begins the integration of Versace. 5. TSMC (TSM) was downgraded to Equal Weight from Overweight at Morgan Stanley while UMC (UMC) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/18
ARGS
11/16/18
DOWNGRADE
ARGS
Sell
J.C. Penney downgraded to Sell from Hold at Argus
Argus analyst John Eade downgraded J.C. Penney to Sell, anticipating continued losses for the stock for the next two years while also warning that at a current share price below $2, the company is operating with a more elevated risk. The analyst states that while J.C Penney has made efforts to "restructure its merchandise assortment, close underperforming stores, and bolster its Omnichannel business, its operating results continue to deteriorate." Eade cites the company's margin deterioration coming from store closings, poor inventory management, and "steep discounting" intended to clear excess inventory. The analyst also sees J.C. Penney operating against "intense" competition from a wide range of retailers and suffering from weak mall traffic, while also facing a very expensive "arms race" to improve e-commerce capabilities.
WMT Walmart
$102.80

0.38 (0.37%)

04/08/19
PIPR
04/08/19
NO CHANGE
Target $2070
PIPR
Overweight
Piper teen survey shows Amazon Prime adoption 'once again' increased
Piper Jaffray's survey of 8,000 U.S. teens showed improved Amazon mindshare, 50% versus 47% in the fall 2018 survey, and that Prime adoption, "once again," increased, analyst Michael Olson tells investors in a research note. 76% of respondents indicated their family had a Prime membership versus 74% in the fall 2018 survey, says the analyst. This indicates the number of U.S. Prime households would be in the 85M range and growing, albeit at a decelerating rate, adds Olson. He believes this "massive scale is crucial, as it makes it very difficult for competitors, such as Wal-Mart, to change consumer habits." The analyst reiterates an Overweight rating on Amazon.com with a $2,070 price target.
04/02/19
DBAB
04/02/19
UPGRADE
Target $15
DBAB
Buy
Deutsche Bank upgrades Hostess Brands to Buy, boosts price target to $15
Deutsche Bank analyst Rob Dickerson upgraded Hostess Brands (TWNK) to Buy from Hold and raised his price target for the shares to $15 from $12. Management execution, a turnaround to profitability in the Chicago bakery and improved pricing could return Hostess to "top-tier revenue growth" this year, Dickerson tells investors in a research note. He believes the lapping of the Walmart (WMT) merchandising issues in Q2 and better pricing offsetting higher freight costs and wage inflation should boost the company's results.
04/02/19
JEFF
04/02/19
NO CHANGE
Target $76
JEFF
Buy
Green Dot pullback brings good buying opportunity, says Jefferies
Jefferies analyst John Hecht believes the pullback in shares of Green Dot (GDOT) represents a good opportunity to buy the stock. Green Dot trades 25% below its three year average multiple amid "overdone" concerns around the Walmart (WMT) renewal and fears about slowing revenue and account growth, Hecht tells investors in a research note. The analyst says that while the WalMart MoneyCard private label program renewal represents an overhang, he expects Green Dot to keep the program. He considered a scenario with increased commissions for the MoneyCard, and still only sees a "modest" potential impact on earnings. Hecht lowered his price target for Green Dot to $76 from $100 and keeps a Buy rating on the shares.
04/01/19
SBSH
04/01/19
UPGRADE
Target $18
SBSH
Neutral
Bed Bath & Beyond upgraded to Neutral from Sell at Citi
Citi analyst Geoff Small upgraded Bed Bath & Beyond (BBBY) to Neutral from Sell and raised his price target for the shares to $18 from $10 after taking over coverage of the name. Citi transferred coverage of Broadlines & Hardlines Retail names to Small. The analyst assumed coverage with Buy ratings on AutoZone (AZO), BJ's Wholesale (BJ), Home Depot (HD), Lowe's (LOW), O'Reilly Automotive (ORLY) and Walmart (WMT). The U.S. consumer remains on "solid footing" amid low unemployment, rising wages, declining gas prices, manageable levels of debt, and elevated consumer confidence, Small tells investors in a research note. However, he points out that we are in the ninth year of the current economic expansion and "the possibility of a macroeconomic slowdown cannot be ignored." The analyst prefers retailers operating in "defensive sectors that are less susceptible to disruption by online competitors," namely auto parts, broadlines and home improvement retail. Small also assumed Advance Auto Parts (AAP), Best Buy (BBY), Costco (COST) and Office Depot (ODP) with Neutral ratings.
M Macy's
$24.57

(0.00%)

04/03/19
STPT
04/03/19
UPGRADE
STPT
Buy
Macy's upgraded to Buy from Hold at Standpoint Research
02/20/19
WEDB
02/20/19
NO CHANGE
Target $65
WEDB
Neutral
Dillard's price target lowered to $65 from $70 at Wedbush
Wedbush analyst Jen Redding lowered his price target for Dillard's (DDS) to $65 from $70 as she leans cautiously into earnings, with her data models showing revenues a touch below consensus, elevated e-commerce inventories, and lackluster consumer spending fueled by a late tax return season, likely compounding pressures for the beleaguered department store group. Though shares depreciated less than Macy's (M), Nordstrom (JWN), and Kohl's (KSS) for the period November 5 through January 31, the analyst attributes relative outperformance compared to the peer group as owing to Dillard's low profile presence on the street, and limited availability of data points versus investor expectations for an upcoming positive catalyst. Redding reiterates a Neutral rating on Dillard's shares.
02/12/19
CLVD
02/12/19
NO CHANGE
CLVD
Macy's sales softened in January, says Cleveland Research
02/06/19
OTRG
02/06/19
DOWNGRADE
OTRG
Mixed
Macy's downgraded to Mixed from Positive at OTR Global

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FCAU

Fiat Chrysler

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TSLA

Tesla

$273.25

2.13 (0.79%)

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SPDR S&P 500 ETF Trust

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BA

Boeing

$380.02

2.48 (0.66%)

08:41
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BA

Boeing

$380.02

2.48 (0.66%)

08:36
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BA

Boeing

$380.02

2.48 (0.66%)

08:29
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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
04/21/19
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MSC Industrial management to meet with William Blair »

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PINS

Pinterest

$24.46

(0.00%)

13:04
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HUM

Humana

$240.65

7.645 (3.28%)

, CI

Cigna

$148.95

3.46 (2.38%)

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Health insurers stocks now look like a buy, Barron's says »

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Humana

$240.65

7.645 (3.28%)

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Cigna

$148.95

3.46 (2.38%)

ANTM

Anthem

$239.63

3.38 (1.43%)

UNH

UnitedHealth

$221.74

4.93 (2.27%)

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CVS Health

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0.08 (0.15%)

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TSLA

Tesla

$273.25

2.13 (0.79%)

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AMD

AMD

$27.68

0.18 (0.65%)

, INTC

Intel

$58.49

-0.08 (-0.14%)

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AMD

$27.68

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Intel

$58.49

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QCOM

Qualcomm

$79.89

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AAPL

Apple

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SAM

Boston Beer

$266.90

0.89 (0.33%)

12:37
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SPOT

Spotify

$139.53

1.88 (1.37%)

12:30
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BA

Boeing

$380.02

2.48 (0.66%)

, HRL

Hormel Foods

$40.38

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BA

Boeing

$380.02

2.48 (0.66%)

HRL

Hormel Foods

$40.38

-0.37 (-0.91%)

PPC

Pilgrim's Pride

$25.79

0.03 (0.12%)

SAFM

Sanderson Farms

$141.70

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TSN

Tyson Foods

$73.49

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CCL

Carnival

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RCL

Royal Caribbean

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NCLH

Norwegian Cruise Line

$56.93

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WFTBF

West Fraser Timber

$0.00

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IFSPF

Interfor

$0.00

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CFPZF

Canfor

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
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MSC Industrial management to meet with William Blair »

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KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

19:48
04/19/19
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Kingsway Financial announces receipt of notification letter from NYSE »

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AWK

American Water

$104.63

2.32 (2.27%)

19:46
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American Water signs contract to acquire East Pasadena Water Company »

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FSNN

Fusion

$0.24

0.0048 (2.01%)

19:45
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Fusion sees being delisted following receipt of Nasdaq delisting notice »

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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
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Public Storage announces change of Chief Legal Officer »

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V

Visa

$160.14

-0.33 (-0.21%)

19:40
04/19/19
04/19
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19:40
Hot Stocks
Visa board elects Visa CEO Al Kelly as Chair »

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NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
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Navidea announces one-for-twenty reverse stock split »

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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

19:37
04/19/19
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19:37
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Top Image sees voluntarily delisting to be complete before Nasdaq deadline »

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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

19:33
04/19/19
04/19
19:33
04/19/19
19:33
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