J.C. Penney Company, Inc. (NYSE:JCP)’s shares gained 2.42% to $8.87. The company is marketing a $500 million term loan as part of a $2.35 billion financing, according to a person with knowledge of the deal on June 3. The debt will be used to refinance an asset-backed revolving credit line, according to the person, who asked not to be identified without authorization to speak publicly. Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Barclays Plc and Goldman Sachs Group Inc. are arranging the loan, which is due in 2019, the person said. A lender meeting is scheduled for June 5 at 9 a.m. in New York. J.C. Penney Company, Inc. (NYSE:JCP), net profit margin is -11.60% and weekly performance is 9.72%. On last trading day company shares ended up $8.69. Analysts mean target price for the company is $2.33. J.C. Penney Company, Inc. (NYSE:JCP), distance from 50-day simple moving average (SMA50) is 1.35%.
The TJX Companies, Inc. (NYSE:TJX), Director Bernard Cammarata sold 50,000 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $56.22, for a total value of $2,811,000.00. Following the completion of the sale, the director now directly owns 2,234,198 shares in the company, valued at approximately $125,606,612. The TJX Companies, Inc. (NYSE:TJX), fell 1.05% in last trading session and ended the day on $55.47. TJX, Gross Margin is 7.70% and its return on assets is 20.80%. The TJX Companies, Inc. (NYSE:TJX), quarterly performance is -9.55%.
Kohl’s Corporation (NYSE:KSS), CFO Wesley S. Mcdonald sold 9,429 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $54.42, for a total value of $513,126.18. Following the completion of the sale, the chief financial officer now directly owns 128,991 shares in the company, valued at approximately $7,019,690. Kohl’s Corporation (NYSE:KSS), shares moved down 1.52% in last trading session and was closed at $52.37, while trading in range of $52.32 – 53.12. Kohl’s Corporation (NYSE:KSS), year to date (YTD) performance is -6.40%.
Macy’s, Inc. (NYSE:M), announced a quarterly dividend on Wednesday, May 14th, StockRatingsNetwork.com reports. Investors of record on Friday, June 13th will be paid a dividend of 0.3125 per share on Tuesday, July 1st. This represents a $1.25 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, June 11th. This is an increase from Macy’s’s previous quarterly dividend of $0.25. Macy’s, Inc. (NYSE:M), ended the last trading day at $57.99. Company weekly volatility is calculated as 1.43% and price to cash ratio as 11.17. Macy’s, Inc. (NYSE:M), showed a negative weekly performance of 2.86%.
On June 09, 2014, Chain of retail store operator on home appliances, Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), announced a sharp fall in its profit for the first quarter, as it continues to face combination of factors hurting its results. One among the reasons for dragging its bottom line is weak margin sales. The company’s sales slackened during the first quarter hurt by a fall in comparable store sales. The company reported a sharp drop of 75.5% in profit to $3.68 million or 16 cents a share from $15.0 million or 65 cents a share in the year-ago quarter. It cited three reasons for the fall in profit. Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), net profit margin is 3.10% and weekly performance is -8.21%. On last trading day company shares ended up $20.46. Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), distance from 50-day simple moving average (SMA50) is -8.34%.