Berkshire Hathaway bets big on a struggling department store chain
Berkshire Hathaway has taken a new stake in a well-known department store chain. The move comes as the retailer prepares to release its first-quarter results for 2027. Despite a cautious outlook from analysts, the company’s shares have recently climbed above key averages.
The retailer’s stock opened at $19.10, surpassing its 50-day moving average of $18.63. This rise follows Berkshire Hathaway’s disclosure of a fresh position in the company. Other major investors, including Marshall Wace, Invesco, and Bridgewater Associates, have also increased their holdings.
In its last quarterly report, the chain beat expectations with earnings per share of $1.67 and sales of $7.92 billion. For the upcoming Q1 2027, Wall Street forecasts a modest profit of $0.02 per share on revenue of $4.61 billion. The results will be announced on May 27, 2027, with a conference call scheduled for June 3, 2026, at 8:00 AM Eastern Time. Analysts currently rate the stock as a consensus 'Reduce,' with an average price target of $18.90. Despite this, the company has declared a quarterly dividend of $0.1915 per share, payable on July 1.
The retailer’s shares have outperformed broader market indices since Berkshire’s investment became public. With earnings due next month and a dividend payment approaching, investors will watch closely for further developments. The company’s performance in Q1 2027 will be a key test of its resilience.
