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Hannah To Step Down; J.C. Penney Names New Chief Financial Officer
Thursday, February 13, 2014 - 2:23pm | 216Read More...J.C. Penney's (NYSE: JCP) Chief Financial Officer, Ken Hannah, said that he is leaving the company effective March 24. Neither Hannah, nor the company, offered a reason for the executive's departure. The company on Thursday named Ed Record as Hannah's successor and will also assume the title of...
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J.C. Penney: We're Back, Baby!
Tuesday, February 4, 2014 - 1:20pm | 364Read More...J.C. Penney (NYSE: JCP) on Tuesday reported that it has seen a two percent increase in same-store sales during the fourth quarter. J.C. Penney's announcement is significant because it marks the first time since the second quarter of 2011 that it showed a positive comp for the quarter. "While 2013...
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J.C. Penney Share Price Falls Wednesday, Rises Thursday
Thursday, January 9, 2014 - 12:45pm | 621Read More...In a mere two paragraph-long statement entitled, “Comments on Holiday Performance,” J.C. Penney (NYSE: JCP) didn’t have much to say. The market did, with JCP shares closing down more than 10 percent on the day Wednesday, closing at $7.37, off by $0.82. In the statement, the company said it...
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UPDATE: Sterne Agee Downgrades Family Dollar Stores on Expected Challenges Ahead
Friday, December 6, 2013 - 10:06am | 122Read More...In a report published Friday, Sterne Agee analyst Charles Grom downgraded the rating on Family Dollar Stores (NYSE: FDO) from Neutral to Underperform, and lowered the price target from $62.00 to $56.00. In the report, Sterne Agee noted, “We are downgrading shares of FDO to Underperform with a new...
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Fresh Market Shares Respond Following Disappointing Q3 Earnings
Friday, November 22, 2013 - 3:33pm | 549Read More...Shares of The Fresh Market (NASDAQ: TFM) respond following disappointing third quarter fiscal 2013 earnings. On Thursday, The Fresh Market reported that net sales increased 13.4 percent to $364.5 million and comparable store sales increased 3.1 percent compared to 3Q12. The company reported third...
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UPDATE: Sterne Agee Downgrades The Fresh Market On Struggles To Build Brand Equity
Friday, November 22, 2013 - 8:48am | 137Read More...In a report published Friday, Sterne Agee analyst Charles Grom downgraded The Fresh Market (NASDAQ: TFM) from a Buy rating to a Neutral rating and lowered the price target from $59.00 to $44.00. In the report, Sterne Agee says "TFM is a great concept in markets where shoppers know the brand....
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UPDATE: Sterne Agee Downgrades J.C. Penney on Multiple Negative Factors
Tuesday, October 8, 2013 - 10:28am | 127Read More...In a report published Tuesday, Sterne Agee analyst Charles Grom downgraded the rating on J.C. Penney Company (NYSE: JCP) from Buy to Neutral, and lowered the price target from $18.00 to $9.00. In the report, Sterne Agee noted, “While we always framed the JCP call as ‘not for the faint of heart,'...
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UPDATE: Sterne Agee Upgrades Five Below on Great Long-Term Potential
Thursday, October 3, 2013 - 9:32am | 120Read More...In a report published Thursday, Sterne Agee analyst Charles Grom upgraded the rating on Five Below (NASDAQ: FIVE) from Neutral to Buy, and raised the price target from $44.00 to $56.00. In the report, Sterne Agee noted, “We're upgrading FIVE to Buy and raising our EPS estimates/PT to $56 (from $44...
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UPDATE: Sterne Agee Downgrades Vitamin Shoppe on Slowed Traffic/NSP
Friday, September 13, 2013 - 9:13am | 130Read More...In a report published Friday, Sterne Agee analyst Charles Grom downgraded the rating on Vitamin Shoppe (NYSE: VSI) from Buy to Neutral, and lowered the price target from $54.00 to $45.00. In the report, Sterne Agee noted, “Once a model of consistency, something seems off with the VSI model as...
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UPDATE: Sterne Agee Initiates Coverage On Vitamin Shoppe on Expected Mean Revision
Thursday, June 6, 2013 - 6:35am | 94Read More...In a report published on Wednesday, Sterne Agee analyst Charles Grom initiated coverage on Vitamin Shoppe (NYSE: VSI) with a Buy rating and a price target of $54.00. In the report, Sterne Agee stated, "While we respect the bear case, at ~16-17x forward EPS (an all-time low since its '09 IPO) and...
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UPDATE: Sterne Agee Initiates Nordstrom With Buy on Effective Model In Retail
Thursday, June 6, 2013 - 6:34am | 89Read More...In a report published on Wednesday, analysts from Sterne Agee initiated coverage on Nordstrom (NYSE: JWN) with a Buy rating and $70 PT. In the report, lead analyst Charles Grom commented that, "A key tenet to our Barbell Strategy is to recommend retailers with LT structural advantages and with its...
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UPDATE: Sterne Agee Initiates Macy's With Buy, Says Company is 'Firing On All Cylinders'
Wednesday, June 5, 2013 - 5:16pm | 142Read More...In a report published on Wednesday, analysts at Sterne Agee initiated coverage on Macy's (NYSE: M) with a Buy rating and a $60 PT. In the report lead, analyst Charles Grom commented that, "While the bear case has been that SSS can't continue on this trajectory (+4.6%; '10-'12), we believe M is in...
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UPDATE: Sterne Agee Initiates JC Penney at Buy, Believes the Company will Return to 'Glory Days'
Wednesday, June 5, 2013 - 5:14pm | 133Read More...In a report published on Wednesday, analysts at Sterne Agee initiated coverage on JC Penney (NYSE: JCP) with a Buy rating and $23.00 price target. In the report, lead analyst Charles Grom commented that, "With bankruptcy off the table and new CEO Mike Ullman calling the shots, we think the table...
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UPDATE: Sterne Agee Initiates Saks at Neutral on Management's Re-Positioning
Wednesday, June 5, 2013 - 5:10pm | 86Read More...In a report published on Wednesday, Sterne Agee analyst Charles Grom initiated coverage on Saks (NYSE: SKS) with a Neutral rating and a price target of $13. In the report, Sterne Agee stated, "We're big fans of the Saks management team and like the steps they're taking to reposition the...
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UPDATE: Sterne Agee Initiates Five Below With Neutral on Positive Differentiating Factors
Wednesday, June 5, 2013 - 5:07pm | 149Read More...In a report published Wednesday, analysts from Sterne Agee initiated coverage on Five Below (NASDAQ: FIVE) with a Neutral rating and $39.00 price target. In the report, lead analyst Charles Grom commented that, "FIVE's execution is strong with a few underlying principles: (1) a value-oriented...
