Macy's (M) Tops Q1 EPS by 13c, Revenue Beats; 'Raises Earnings & Sales Guidance for Fiscal 2018'
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Macy's (M) Declares $0.3775 Quarterly Dividend; 4.5% Yield
May 18, 2018 9:44 AM EDTMacy's (NYSE: M) declared a quarterly dividend of $0.3775 per share, or $1.51 annualized.
The dividend will be payable on July 2, 2018, to stockholders of record on June 15, 2018, with an ex-dividend date of June 14, 2018.
The annual yield on the dividend is 4.5 percent.
For a... More
Macy's (M) PT Raised to $35 at RBC Capital
May 17, 2018 6:52 AM EDTRBC Capital raised its price target on Macy's (NYSE: M) to $35.00 (from $31.00) while maintaining a Sector Perform rating.
... MoreJ.C. Penney (JCP), Nordstrom (JWN), Others on Watch After Macy's (M) Q1 Comps Tops Consensus at 4.2% vs 1%
May 16, 2018 8:04 AM EDTJ.C. Penney (NYSE: JCP), Nordstrom (NYSE: JWN) were in focus Wednesday after Macy's (NYSE: M) reported Q1 comps on an owned plus licensed basis that tops consensus at 4.2% vs 1% expected.
Other retailers like Target (NYSE: TGT) and Kohl's Corp. (NYSE: KSS) also gained
... MoreWall St. gains as small-cap Russell 2000 hits record
May 16, 2018 7:57 AM EDTBy Stephen Culp
(Reuters) - Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics.
Smaller companies continued this year's trend of outperforming their larger rivals with the Russell 2000 reaching a record high. The index ended up 1 percent.
"Small caps present a cleaner play than large caps on two fundamental market drivers: lower corporate taxes and a stronger US economy," research firm DataTrek wrote in its... More
