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Macy's Shows 20 Percent Profit on Strong Q1 Sales
Wednesday, May 15, 2013 - 1:43pm | 524Read More...Cool temperatures and consumer economic concerns did not dampen enthusiasm of shoppers at Macy’s Inc. (NYSE: M) during Q1. At least, not too much. The company reported a 20 percent bump in profit and is increasing its dividend to 25 cents from the current 20 cents, according to The Associated...
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Is J.C. Penney Waging a $1.75 Billion Turnaround?
Monday, April 29, 2013 - 11:00am | 525Read More...First, last Thursday, George Soros bought a nearly eight percent stake in J.C. Penney Corp. (NYSE: JCP). Then came word Friday afternoon, confirmed by J.C. Penney Monday morning that Goldman Sachs (NYSE: GS) has secured $1.75 billion in financing for the company, according to Reuters. What’s...
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KPMG Resigns as Auditor for Herbalife and Skechers Following Disclosure of Insider Trading
Tuesday, April 9, 2013 - 3:27pm | 513Read More...When trading on Herbalife (NYSE: HLF) was halted early Tuesday, speculation on Wall Street became the hottest new game in town. The game didn’t last long. Herbalife auditor KPMG told Herbalife late Monday that it was resigning, effective immediately, as Herbalife’s independent accountant after...
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Why Some Malls Thrive While Others Lag Behind
Friday, April 5, 2013 - 7:48am | 564Read More...It’s a tale of two types of malls. One, a neighborhood strip mall, typically anchored by a grocery or drugstore. The other, a large regional shopping center, anchored by several large retailers like Sears (NASDAQ: SHLD), J.C. Penney (NYSE: JCP), and Macy’s (NYSE: M) with smaller specialty...
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A Rundown of the Bad News for J.C. Penney in Just the Past Week
Thursday, March 7, 2013 - 1:03pm | 481Read More...Last week, investors learned that, in 2012, J.C. Penney (NYSE: JCP) lost nearly $1 billion with sales dropping off by a staggering $4 billion. Over the past five trading days, JCP stock has lost 35 percent of its value with major shareholder and JCP board member, Steven Roth, of Vornado Realty...
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Bank Of America Raised PT From $30 to $35 And EPS Estimate From $1.98 To $2.16 On J.C. Penney (JCP)
Tuesday, May 17, 2011 - 8:06am | 135Read More...In a recent report, Bank of America has increased the price target on J.C. Penney (NYSE: JCP) from $30.00 to $35.00 and the EPS estimate from $1.98 to $2.16 on the company after 1Q11 EPS was $0.04 ahead of Bank of America's $0.24 forecast. The guidance was also raised but the Underperform rating...
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UPDATE: Piper Jaffray Color On JCP FQ4 Results
Monday, February 28, 2011 - 8:33am | 140Read More...Piper Jaffray, which lowered its PT on shares of J.C. Penney Company, Inc. (NYSE: JCP), is providing some color on the stock. “On Friday JCP reported FQ4 results in line with expectations and provided FQ1guidance below consensus,” Piper Jaffray writes. “In addition, the company provided its initial...
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Piper Jaffray Lowers PT On J.C. Penney To $31
Monday, February 28, 2011 - 8:20am | 29Read More...Piper Jaffray has lowered the price target on J.C. Penney Company (NYSE: JCP) from $32 to $31 and maintains its Neutral rating.
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Piper Jaffray Raises PT On J.C. Penney To $32
Friday, February 4, 2011 - 9:48am | 30Read More...Piper Jaffray has raised the price target on the J.C. Penney Company (NYSE: JCP) from $31 to $32 and maintains its Neutral rating.
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Gilford Securities Upgrades JCP To Buy from Hold
Friday, January 28, 2011 - 12:41pm | 109Read More...Gilford Securities is upgrading J.C. Penney Company, Inc. (NYSE: JCP) to Buy from Hold. “With earnings far below pre-recession levels, Penney is doing poorly relative to retailers whose profits have rebounded robustly. JCP's catch-up phase may have begun,” Gilford Securities writes. “Management...
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Citigroup Reiterates Buy On JCP
Tuesday, January 25, 2011 - 8:43am | 93Read More...The strategic actions announced by J.C. Penney Company, Inc. (NYSE: JCP) are an indication that the company is working collaboratively with its largest shareholders to more efficiently allocate resources, Citigroup reports. “We were pleased to see the company capitalize on this low-hanging fruit,...
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J.C. Penney (JCP) Shares Climb 7%
Friday, February 19, 2010 - 8:29pm | 96Read More...Shares of J.C. Penney Company, Inc. (NYSE: JCP) climbed more than 7% after the retailer released a better than expected 4th quarter earnings report. J.C. Penney Company reported that it earned $200 million, or 84 cents per share, down from $211 million, or 95 cents per share, during the same...
