Stockholder Rights Plan, Earnings, and Dividends - Research Report on J.C. Penney, Tiffany, Macy's, Abercrombie & Fitch, and TJX

NEW YORK, August 30, 2013 /PRNewswire/ --

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Today, Analysts Corner announced new research reports highlighting J.C. Penney Company, Inc. (NYSE: JCP), Tiffany & Co. (NYSE: TIF), Macy's, Inc. (NYSE: M), Abercrombie & Fitch Co. (NYSE: ANF), and The TJX Companies, Inc. (NYSE: TJX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

J.C. Penney Company, Inc. Research Report

On August 22, 2013, J.C. Penney Company, Inc. (J.C. Penney) announced that after a series of assessment and consultation with external advisors, its Board of Directors has adopted a stockholder rights plan. J.C. Penney reported that the one-year stockholder rights plan is specifically designed to meet the purpose of protecting against any potential future use of coercive or abusive takeover techniques. The Company also reported that the plan will help to ensure that stockholders are not deprived of the opportunity to realize the full and fair value of their investment. J.C. Penney further stated that the plan will be in effect until August 20, 2014, unless the rights redeemed or exchanged for shares of common stock by the Company on an earlier date. The Full Research Report on J.C. Penney Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/500f_JCP]

Tiffany & Co. Research Report

On August 27, 2013, Tiffany & Co. (Tiffany) released its Q2 FY 2013 financial results (period ended July 31, 2013). The Company's net sales were up 4.4% YoY to $925.9 million, and earnings from operations grew 14.4% YoY to $176.9 million during the quarter. Net earnings were up 16.3% YoY to $106.8 million, while diluted EPS increased 15.3% YoY to $0.83, in Q2 FY 2013. Michael J. Kowalski, Chairman and CEO of Tiffany, commented, "Total sales growth met our objective due to solid performance in most regions, and with particular strength in our statement and fine jewelry product categories. We were pleased with the results of our efforts to improve gross margin which, combined with well-controlled expenses, yielded a solid increase in operating margin." Kowalski added, "We are pleased to have achieved healthy earnings growth in the first half of the year. Looking forward, we are equally excited about the initiatives we are pursuing in product development, marketing communications and store expansion, all intended to further enhance Tiffany's strong brand position and take fuller advantage of its long-term growth opportunities in the global luxury market." The Full Research Report on Tiffany & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6928_TIF]

Macy's, Inc. Research Report

On August 23, 2013, Macy's Inc. (Macy's) announced that its Board of Directors has declared a regular quarterly dividend of $0.25 per common share. According to the Company, the dividend is payable on October 1, 2013 to shareholders of record at the close of business on September 13, 2013. The Full Research Report on Macy's, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/b69d_M]

Abercrombie & Fitch Co. Research Report  

On August 22, 2013, Abercrombie & Fitch Co. (Abercrombie & Fitch) released its Q2 FY 2013 financial results (period ended August 3, 2013). The Company's net sales were down 0.6% YoY to $945.7 million during the quarter. Net income was down 33.3% YoY to $11.4 million and diluted EPS declined 30% YoY to $0.14, in Q2 FY 2013. Commenting on the results, Mike Jeffries, CEO and Chairman of the Board of Abercrombie & Fitch Co., said, "The second quarter was more difficult than expected due to weaker traffic and continued softness in the female business, consistent with what others have reported. In that context we are planning sales, inventory and expenses conservatively for the remainder of the year."  He added, "Despite the challenging environment, we are very pleased by strong growth in our direct-to-consumer business and continued strong growth in China. We have also made excellent progress on our profit improvement initiative during the quarter, and we now expect savings from this initiative to exceed $100 million annually. In addition, we are nearing completion of our long-term strategic review, and we are confident that this will provide us with a clear roadmap for sustainable growth in sales, profitability and return on invested capital." The Full Research Report on Abercrombie & Fitch Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/40f0_ANF]

The TJX Companies, Inc. Research Report

On August 20, 2013, The TJX Companies, Inc. (TJX) released its Q2 FY 2014 financial results (period ended August 3, 2013). The Company's net sales were up 8.4% YoY to $6.4 billion during the quarter. Net income was grew 13.9% YoY to $479.6 million, and diluted EPS was up 17.9% YoY to $0.66, in Q2 FY 2014. The Company expects diluted EPS to be in the range of $0.69 to $0.72 in Q3 FY 2014 and in the range of $2.74 to $2.80 for full-year FY 2014. The Full Research Report on The TJX Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/bed1_TJX]

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