TMCnet News
Highest P/E Ratio in the Department Stores Industry Detected in Shares of Saks (SKS, JWN, DDS, M, KSS)Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Department Stores industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Saks ranks highest with a a P/E ratio of 24.35. Following is Nordstrom with a a P/E ratio of 16.53. Dillard's ranks third highest with a a P/E ratio of 14.10. Macy's follows with a a P/E ratio of 11.54, and Kohl's rounds out the top five with a a P/E ratio of 9.64. SmarTrend recommended that its subscribers protect gains by selling shares of Kohl's on November 12th, 2012 by issuing a Downtrend alert when the shares were trading at $51.43. Since that call, shares of Kohl's have fallen 18.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |