The S&P 500 and Dow Jones Industrial Average are pushing new highs as we close the first week of trading of 2017. Although the tailwind of the Trump rally has been incredibly strong, there are still companies holding back this rally. In fact, the Dow was just barely short of hitting the 20,000 mark for the first time.
24/7 Wall Street has picked out a few companies posting some of the largest losses for the past week. Some companies are hitting lows and creating huge shareholder losses.
We have included a little color on why each stock has lagged, as well as a recent trading history, consensus analyst price target and a 52-week trading range.
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Kohl’s
Kohl’s Corp. (KSS) reported that its comparable sales dropped by 2.1% in the fiscal months of November and December 2016 combined, compared to the same period from last year. Total sales for the combined fiscal November and December period decreased a total of 2.7%.
The company now expects its fiscal 2016 diluted earnings per share (EPS) to be in the range of $3.60 to $3.65, down from the previously stated guidance of $3.80 to $4.00 per diluted share. The consensus estimates from Thomson Reuters are $3.71 in EPS and $18.72 billion in revenue.
Over the course of the week, Kohl’s shares dropped 16% to close at $41.43. The stock has a consensus price target of $46.57 and a 52-week range of $33.87 to $59.67.
Macy’s
When it reported its comparable sales as well, Macy’s Inc. (NYSE: M) found itself in a similar boa. It does not look good going forward in the immediate future, with Terry Lundgren stepping down from the CEO position. In fact it could be argued that . This major retailer announced that its comparable sales on an owned plus licensed basis declined by 2.1% in the months of November and December 2016 combined, compared to last year. On an owned basis, comparable sales declined by 2.7% in the combined November/December period.
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The company also maintained its previously provided full-year sales guidance of a 2.5% to 3.0% decline in comparable sales on an owned plus licensed basis, and it expects to come in at the lower end of that guidance. Macy’s also expects 2016 full year EPS to be in the range of $2.95 to $3.10, versus the previous guidance of $3.15 to $3.40. The consensus estimates call for $3.11 in EPS and $25.92 billion in revenue.
Last week, Macy’s stock fell nearly 14% to end up at $30.82 a share. The consensus price target is $37.60, and the 52-week range is $29.94 to $45.50.