First-Hour Retail Stock Movers (CHS, TGT, Macy's, Inc., JCP)

Chico's FAS, Inc. (NYSE:CHS) plunges 11.37% to $12.55. The company reported first-quarter net income of $35.4 million or $0.20 per share, compared to $14.49 million or $0.08 per share last year. Net sales grew to $481.59 million from $410.64 million in the same quarter a year earlier. Consolidated comparable store sales increased 14.9% for the quarter compared to a 3.2% decrease for the like period last year.

Subscribe to daily free stock newsletter by visiting:  http://www.pennystockpickreport.com/

Target Corporation (NYSE:TGT) gains 0.20% to $54.33.  The company said Wednesday that its first-quarter profit rose a better-than-expected 29% as consumers opened their wallets for non-essential items including apparel. Net income rose to $671 million, or 90 cents a share, in the three months ended May 1, from $522 million, or 69 cents, a year earlier.

Macy's, Inc. (NYSE:M) is up 2.29% to $21.86.  Goldman Sachs upgraded Macy's from Neutral to Buy.

J.C. Penney Company, Inc. (NYSE:JCP) increases 0.79% to $26.86. The stock is down over 14% in the last one month of trading sessions. The 52-week range of the stock is $23.92-$37.21.

About http://www.pennystockpickreport.com/

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.