Why Macy's and Kohl's Shares Tanked on Better-Than-Expected Reports
In this MarketFoolery segment, host Mac Greer, David Kretzmann of Supernova and Rule Breakers, and Ron Gross of Motley Fool Total Income consider the latest news from the retail sector, with Macy's (NYSE: M) and Kohl's (NYSE: KSS) turning in second-quarter reports that were less bad than analysts feared. But even though these department stores are doing what they need to do to adapt to the rise of e-commerce, the market apparently wasn't buying their upbeat spin. The question retail investors may be asking themselves is whether these stocks are priced right for adding to their portfolios right now.
A full transcript follows the video.
Source: Fool.com
Macy's Inc. Stock
€15.42
0.010%
Our community is currently high on Macy's Inc. with 6 Buy predictions and 3 Sell predictions.
With a target price of 17 € there is a slightly positive potential of 10.28% for Macy's Inc. compared to the current price of 15.42 €.
