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J. C. Penney Sales Rise - Analyst Blog
Tuesday, December 7, 2010 - 2:43pm | 552J. C. Penney Company Inc. (JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the four-week period ended November 27, 2010. The company's comparable-store sales for November 2010 climbed 9.2...
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Kohl's Announces the Early Renewal of Simply Vera Vera Wang Long-Term License Agreement
Tuesday, December 7, 2010 - 9:33am | 66Kohl's Corporation (NYSE: KSS) today announced the early renewal of its long-term license agreement to be the exclusive provider and marketer in the United States of all Simply Vera Vera Wang merchandise, a premium lifestyle collection. Kohl's also announced its plans to expand Simply Vera Vera...
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Dillard's November Sales Up - Analyst Blog
Monday, December 6, 2010 - 3:08pm | 535Dillard's Inc. (DDS) reported an 8% increase in same stores sales for the four weeks ended November 27, 2010. Results of the reported month compare favorably with same stores sales declining 11% for the four weeks ended November 28, 2009. Merchandise sales for the period increased 7% to gross $...
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Dillard's November Sales Up - Analyst Blog
Monday, December 6, 2010 - 2:21pm | 535Dillard's Inc. (DDS) reported an 8% increase in same stores sales for the four weeks ended November 27, 2010. Results of the reported month compare favorably with same stores sales declining 11% for the four weeks ended November 28, 2009. Merchandise sales for the period increased 7% to gross $...
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Citi Reiterates Buy On J.C. Penney (JCP)
Monday, December 6, 2010 - 8:50am | 130Citi Investment Research is reiterating its Buy rating and $41 price target on J.C. Penney Company, Inc. (NYSE: JCP) after meeting with management. In the research sent to investors, Citi writes, "Management was optimistic based on the improvement in comps that it has experienced since August (excl...
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Top Home Run Ideas in Three Out of Favor Groups
Sunday, December 5, 2010 - 2:11pm | 953'The time of maximum pessimism is the best time to buy.' Sir John Templeton Investors who had the courage to bet big on automotive and retailing shares at the depth of the Great Recession have reaped rich rewards. While bundled products like Fidelity Select Automotive (FSAVX) and SPDR Retail (XRT)...
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Piper Jaffray Raises Kohl's Estimates; PT Goes From $61 To $62
Friday, December 3, 2010 - 9:31am | 61Piper Jaffray is raising its Q4E EPS on Kohl's Corporation (NYSE: KSS) from $1.64 to $1.67 as it now expects same store sales for the quarter to increase 4.5% versus its prior estimate of 4.0%. “Our new price target is $62 based on 14x our revised FY12E EPS of $4.41,” Piper Jaffray writes. Kohl's...
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Piper Jaffray Raises J.C. Penney PT From $28 to $31
Friday, December 3, 2010 - 9:26am | 34Piper Jaffray is increasing its price target on shares of J.C. Penney Company, Inc. (NYSE: JCP) from $28 to $31. J.C. Penney Company closed Thursday at $34.47.
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Jefferies Raises Kohl's PT To $63 From $60
Friday, December 3, 2010 - 8:45am | 43Jefferies & Company is raising its price target on Kohl's Corporation (NYSE: KSS) to $63 from $60. Jefferies said that this is “based on share selling at 14.5x our FY12 EPS estimate of $4.30.” Kohl's Corporation currently trades at $55.03.
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September 2010 Part II?
Thursday, December 2, 2010 - 8:04pm | 940Ascendere Model Portfolio Daily Update: December 2, 2010 Subscribe to access the full report: This content is for members only. New Actions Required: None. Of Note: UBS initiated coverage of Ares Capital Corporation (ARCC) with a buy rating and $18 price target, continuing the trend of model...
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Market Roundup (DLM, JCP, AAPL, GOOG, MSFT, MU, SKS)
Thursday, December 2, 2010 - 1:41pm | 238Shares of Del Monte Foods Co (NYSE: DLM) rose about 0.16% after the company reported upbeat FQ2 earnings. The company's earnings came in at $0.41 per share, up from $0.31 per share, in the year-ago quarter. The company's sales dropped to $941 million from $959 million. However, analysts expected...
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Nordstrom Declines. Watch This Level.
Thursday, December 2, 2010 - 11:50am | 49Nordstrom Inc.(NYSE: JWN) is a leading high end retailer that is declining by over $1.10 to $42.33. This stock is one of the few retail stocks that are trading lower this morning. JWN will have short term intra-day support around the $42.00 level.
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News Summary
Thursday, December 2, 2010 - 10:48am | 166US Energy stocks rose, along with the wider equity markets. The NYSE Arca Oil Index (XOI) gained about 0.28%, while the NYSE Arca Natural Gas Index (XNG) rose about 0.32%. The Philadelphia Oil Service Index (OSX) moved up about 3.12%. Shares of Kroger Co (NYSE: KR) lost about 8% after the company...
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Kohl's (KSS) Trading Strategies for Bulls and Bears
Thursday, December 2, 2010 - 10:26am | 1842With the holiday shopping season now officially unleashed, analysts and investors are reviewing the nation's publicly traded retailers. Early this week, Bank of America adjusted its 12-month price target on Kohl's (NYSE:KSS) to $60 from $55, maintaining a “buy” rating. The firm said November...
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Saks Incorporated November Sales up 5.3%
Thursday, December 2, 2010 - 9:35am | 77Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $254.9 million for the four weeks ended November 27, 2010 compared to $245.1 million for the four weeks ended November 28, 2009, a 4.0% increase. Comparable store sales increased 5.3% for the month. On a year-to-date...