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J.C. Penney Company Hits 52-Week High (JCP)
Monday, April 11, 2011 - 11:23am | 38J.C. Penney Company (NYSE: JCP) has hit a 52-week high in today's trading. At last check the year-to-date performance of J.C. Penney Company has been a gain of 21%.
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Options Brief: Saks Incorporated (SKS)
Friday, April 8, 2011 - 10:57am | 89Shares of Saks Incorporated (NYSE: SKS) are higher on the session by 0.85%, trading at $11.82. Overall put volume is now running at 6.20x the daily average, with 0% of all puts traded being purchases on the offer. 7,952 contracts have traded on the session so far. Saks Incorporated is a fashion...
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Morgan Stanley PT Adjustments (ACI, EC, JCP, M, JWN, BTU)
Friday, April 8, 2011 - 9:30am | 95Morgan Stanley is making price target adjustments to the following companies: Arch Coal Inc. (NYSE: ACI): PT goes from $40 to $43. Ecopetrol SA (NYSE: EC): PT goes from $41 to $43. J. C. Penney Company, Inc. (NYSE: JCP): PT goes from $27 to $28. Macy's (NYSE: M): PT goes from $48 to $49....
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Citi Raises KSS Target To $70, M Target To $32; Lowers TGT Target To $68
Friday, April 8, 2011 - 7:23am | 75Citi is raising its TP for Kohl's Corp. (NYSE: KSS) from $69 to $70, as well as its target for Macy's (NYSE: M) to from $31 to $32. Citi is also lowering its target on shares of Target Corp. (NYSE: TGT), which drops from $69 to $68. Kohl's Corp. closed at $54.76; Macy's closed at $25.40; Target...
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UPDATE: Piper Jaffray Raises PT on J.C. Penney Company to $32 (JCP)
Friday, April 8, 2011 - 7:14am | 158Piper Jaffray is out with its report today on J.C. Penney (NYSE: JCP), raising its PT from $31 to $32. In a note to clients, Piper Jaffray writes, "We are raising our FQ1 EPS estimate as sales for the first two months of the quarter have tracked ahead of expectations. March same store sales fell 0...
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Today's Action Had Some Buying on the Dips 04-07-2011
Thursday, April 7, 2011 - 6:55pm | 961Cusick's Corner The news today that Japan experienced yet another earthquake spooked the market, triggering selling. There were initial reports that their nuclear facilities did not suffer any damage so the sell-off did not last long and there was buying on the dips, which helped the markets trade...
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Market Holds Its Ground 04-07-2011
Thursday, April 7, 2011 - 6:54pm | 963Cusick Corner The market braced itself for the news in Japan and has held its ground. But the market is whippy and the fact that it's overbought is looking like it has started to wane, leaving me with uncertainty into the After Hours. I have written over the last few weeks about some strategic...
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Macy's Trading Halt Occurred After One 5,681-Share Trade At $23.25 At Time Stamp Of 11:31:54 (M)
Thursday, April 7, 2011 - 11:41am | 23Macy's (NYSE: M) trading halt occurred after one 5,681-share trade at $23.25 at time stamp of 11:31:54.
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Trading Resumes: Macy's (M)
Thursday, April 7, 2011 - 11:38am | 13Trading Resumes: Macy's (NYSE: M)
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Trading Halted: Macy's, Circuit Breaker
Thursday, April 7, 2011 - 11:35am | 15Trading Halted: Macy's (NYSE: M), Circuit Breaker
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The Most Comprehensive Same-Store Sales Recap Of April 7, 2011 Ever
Thursday, April 7, 2011 - 10:10am | 711March same-store sales have been released for the retail sector and overall the results are positive, with the majority of reports exceeding the Street consensus. Factors stated by retailers as affecting March's numbers include this year's Easter timing three weeks later in 2011 than in 2010, the...
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Macy's Expects Same-Store Sales Up 8-9% vs. 3% Prior Est. for April (M)
Thursday, April 7, 2011 - 8:45am | 21Macy's Expects Same-Store Sales Up 8-9% vs. 3% Prior Est. for April (NYSE: M)
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J.C. Penney Company, Inc. March Sales Down 0.3%
Thursday, April 7, 2011 - 8:32am | 99J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the five-week period ended April 2, 2011, decreased 0.3 percent. Online sales through jcp.com increased 7.6 percent over last year, while total company sales decreased 4.0 percent for the month. As expected...
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Saks Incorporated March Comparable Store Sales up 11.1%
Thursday, April 7, 2011 - 8:32am | 77Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $260.2 million for the five weeks ended April 2, 2011 compared to $238.2 million for the five weeks ended April 3, 2010, a 9.2% increase. Comparable store sales increased 11.1% for the month. On a quarter-to-date...
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Kohl's Corporation March Comparable Store Sales 6.5%
Thursday, April 7, 2011 - 8:32am | 37Kohl's Corporation (NYSE: KSS) reported today that for the five-week month ended April 2, 2011 total sales decreased 4.9 percent and comparable store sales decreased 6.5 percent from the five-week month ended April 3, 2010.