Macy’s (NYSE:M)- Recommended Momentum ‘How’ and ‘Why’: Staffing 360 Solutions (NASDAQ:STAF)

Macy’s, Inc. (NYSE:M) [Trend Analysis] luring active investment momentum, shares a gain 0.25% to $30.90. Chattanooga, Tenn.-based CBL & Associates Inc., plans to buy three shuttering Macy’s store buildings and redevelop them, including a Louisville location. The three stores, totaling about 444,000 square feet, will be purchased by CBL (NYSE:CBL) from Macy’s Inc. (NYSE: M) for a projected cost of $5 million, a sale that should close in the first quarter.

The Macy’s stores targeted for purchase and redevelopment include the Jefferson Mall store in Louisville; the Parkdale Mall store in Beaumont, Texas; and the Eastland Mall store in Bloomington, Ill. Those stores are slated to close by March 31. The total volume of 941553 shares held in the session was surprisingly higher than its average volume of 6407.22 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -23.70%, and looking further price to next year’s EPS is 5.47%. While take a short look on price to sales ratio, that was 0.36 and price to earnings ratio of 14.09 attracting passive investors.

Several matter pinch shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF) [Trend Analysis], as shares surging 1.24% to $0.81 with a share volume of 3977. Staffing 360 Solutions, Inc. (NASDAQ: STAF) declared that the Company’s financial results will be declared via press release the morning of Wednesday, January 11, 2017, followed by its earnings conference call at 9:00 am Eastern Time. The Company’s Form 10-Q will be filed before the deadline in mid-January, for the fiscal quarter ended November 30, 2016.

“We are off to a solid start in 2017, having just pre-declared another quarter of double digit incomegrowth year-over-year,” stated Brendan Flood, Executive Chairman of Staffing 360 Solutions.

“We also just issued the news of our successful refinancing of $2.7 million of maturing debt this week, which extends the maturity date over 21 months, with a conversion price of $3.00 per share, showing a strong vote of confidence from one of our largest senior lenders. We look forward to sharing more details of our recent developments, additional insight into our financial results, as well as our strategic initiatives as we position ourselves for a stronger balance sheet and continued growth in 2017.”

The stock is going forward its 52-week low with 30.63% and moving down from its 52-week high price with -82.99%. To have technical analysis views, liquidity ratio of a company was calculated 0.60 as evaluated with its debt to equity ratio of 1.08. The float short ratio was 0.54%, as compared to sentiment indicator; Short Ratio was 0.24.


About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

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