Buffett's Berkshire Hathaway bets on struggling retailer ahead of earnings
A well-known department store chain has seen renewed investor interest after Warren Buffett’s Berkshire Hathaway revealed a new stake in the company. The stock price climbed above its 50-day average, while analysts adjusted their ratings ahead of the upcoming quarterly earnings report. The retailer’s shares began trading at $19.10, surpassing its 50-day moving average of $18.63. This rise followed Berkshire Hathaway’s disclosure of a fresh investment in the company. Since that announcement, the stock has outperformed broader market indices.
In April, Zacks Investment Research upgraded its rating from 'strong sell' to 'hold'. Despite this, Wall Street analysts maintain a consensus 'Reduce' recommendation, with an average price target of $18.90. Institutional investors and hedge funds currently hold 87.36% of the company’s outstanding shares.
The retailer will release its Q1 2027 financial results on May 27, 2027. Analysts expect earnings per share of $0.02 and revenue of $4.61 billion for the quarter. This follows a stronger Q4 2026, where the company reported earnings per share of $1.67 on $7.92 billion in sales.
A quarterly dividend of $0.1915 per share has also been announced, with payment scheduled for July 1. The company’s upcoming earnings report will provide further insight into its financial health. With Berkshire’s backing and a recent dividend declaration, investor attention remains focused on its performance. The stock’s movement and analyst ratings will likely reflect any shifts in market confidence.
