NEW YORK, June 9, 2017 /PRNewswire/ --
DailyStockTracker.com evaluates the following four department
stores stocks: J.C. Penney Co. Inc. (NYSE: JCP), Macy's Inc.
(NYSE: M), Kohl's Corp. (NYSE: KSS), and The TJX Cos. Inc. (NYSE:
TJX). According to IBISWorld, over the five years to 2022,
increased competition from ecommerce businesses and the continued
transition of Department Stores to supercenters will pressure
industry revenue. However, improved consumer spending and
disposable income will encourage spending at department stores,
which will offset some of the period's declines. Daily Stock
Tracker published free research reports on these stocks today
at:
http://dailystocktracker.com/register/
J.C. Penney
Plano, Texas-based J.C. Penney
Co. Inc.'s shares dropped 4.80%, closing Thursday's trading session
at $4.56. The stock recorded a
trading volume of 16.18 million shares. The Company's shares are
trading 14.39% below their 50-day moving average. Additionally,
shares of J.C. Penney, which through
its subsidiary J.C. Penney Corp., Inc., sells merchandise through
department stores, have a Relative Strength Index (RSI) of
36.47.
On May 15th, 2017,
research firm Telsey Advisory Group reiterated its 'Outperform'
rating on the Company's stock with a decrease of the target price
from $11 a share to $7 a share.
On June 01st, 2017,
J.C. Penney announced that
Marvin R. Ellison, Chairman and
Chief Executive Officer, will participate in a fireside chat at the
37th Annual Piper Jaffray Consumer Conference on
June 14th, 2017 in New
York. The fireside chat is scheduled for approximately 30
minutes starting at 10:15 a.m. ET,
and will be available via webcast which may be accessed on the
Company's investor relations website. See our free and
comprehensive research report on JCP at:
http://dailystocktracker.com/registration/?symbol=JCP
Macy's
On Thursday, shares in Cincinnati,
Ohio-based Macy's Inc. recorded a trading volume of 18.77
million shares, which was above their three months average volume
of 7.63 million shares. The stock declined 0.18%, ending the day at
$21.77. The Company's shares are
trading below their 50-day moving average by 19.23%. Furthermore,
shares of Macy's, which together with its subsidiaries, operates
stores, Websites, and mobile applications, have an RSI of
25.73.
On June 01st, 2017,
Macy's announced the appointment of Yasir
Anwar to the role of Executive Vice President and Chief
Technology Officer, effective immediately. In this new role, Anwar
will oversee all technology functions for the Company. He will be
responsible for the teams that build the end-to-end ecommerce
experience, enterprise-shared services, infrastructure, field
services, and functional IT support.
On June 07th, 2017,
research firm Telsey Advisory Group reiterated its 'Outperform'
rating on the Company's stock with a decrease of the target price
from $30 a share to $25 a share. M free research report is just a
click away at:
http://dailystocktracker.com/registration/?symbol=M
Kohl's
Menomonee Falls, Wisconsin
headquartered Kohl's Corp.'s stock finished the day 2.30% lower at
$35.32. A total volume of 8.39
million shares was traded, which was above their three months
average volume of 4.67 million shares. Shares of the Company are
trading below their 50-day moving average by 8.91%. Additionally,
shares of Kohl's, which operates department stores in the US, have
an RSI of 34.79.
On May 12th, 2017,
research firm UBS reiterated its 'Neutral' rating on the Company's
stock with a decrease of the target price from $44 a share to $38
a share.
On June 06th, 2017,
Kohl's announced a donation of $160,000 to Ronald McDonald House Charities®
of Eastern Wisconsin,
Inc. (RMHC) to further the organization's mission of keeping
families together, while children are receiving medical treatment
at Milwaukee-area hospitals. The
funding, as part of the Company's ongoing support of the
organization, will amplify RMHC Eastern Wisconsin's programs and
resources, as well as introduce a hospitality cart at Children's
Hospital of Wisconsin, in support
of the organization's goal of positively impacting 2,400 families
this year. Sign up for your complimentary report on KSS at:
http://dailystocktracker.com/registration/?symbol=KSS
TJX Cos.
Shares in Framingham,
Massachusetts-based The TJX Cos. Inc. ended yesterday's
session 1.90% lower at $72.78. The
stock recorded a trading volume of 5.14 million shares, which was
above its three months average volume of 3.81 million shares. The
Company's shares are trading 4.78% below their 200-day moving
average. Moreover, shares of TJX Cos., which operates as an
off-price apparel and home fashions retailer in the US and
internationally, have an RSI of 36.05.
On May 17th, 2017,
research firm Morgan Stanley upgraded the Company's stock rating
from 'Equal-Weight' to 'Overweight'.
On June 05th, 2017, TJX
Cos. announced the declaration of a quarterly dividend on its
common stock of $.3125 per share,
payable on August 31st,
2017, to shareholders of record on August
10th, 2017. Register for free on
DailyStockTracker.com and download the latest research report on
TJX at:
http://dailystocktracker.com/registration/?symbol=TJX
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