|Bid||87.73 x 2900|
|Ask||87.74 x 800|
|Day's range||86.65 - 87.97|
|52-week range||54.04 - 90.39|
|PE ratio (TTM)||15.36|
|Earnings date||13 Nov 2018 - 19 Nov 2018|
|Forward dividend & yield||2.56 (2.91%)|
|1y target est||89.06|
We highlight three discount retailers which have performed better than the industry, courtesy of a favorable economic backdrop and solid strategies.
Same-day delivery will also include beer, wine, and spirits from participating Target stores. Shipt’s growth to the Central Coast gives nearly 350,000 households across the four metro areas access to products delivered by Shipt in as little as one hour.
As the season accounts for a sizeable chunk of yearly revenues and profits, retail bellwethers will go the extra mile to woo bargain hunters.
Analysts’ ratings for Kroger (KR) were unchanged after its Q2 results release, and it has stayed at 2.4 on a scale of 1 (“strong buy”) to 5 (“sell”). However, Credit Suisse cut the company’s price target from $33 to $32. Walmart’s (WMT), Costco’s (COST), and Target’s (TGT) ratings are 2.4, 2.0, and 2.7, respectively.
Costco (COST) has impressed with its financial performance so far this year. Costco’s high membership renewal rates and continued investment in pricing to widen the value gap between itself and its competitors have made it immune to the growing threat from e-commerce companies. Recently, analyst Karen Short of Barclays downgraded Costco stock to an “equal weight” from an “overweight,” citing the company’s high valuation.
The Great Recession conditioned consumers to wait for a deal. That's had a huge impact on making or breaking retailers in the past decade.
Which Sectors Are Worried about Rising US–China Trade Tensions? Most of the $200.0 billion in Chinese imports targeted by the next round of tariffs are expected to include consumer products. With the additional $267.0 billion in product tariffs proposed by President Trump, these tariffs could eventually cover almost all imports from China.
As discussed, Kroger (KR) reported its fiscal Q2 2018 results September 13, beating analysts’ bottom-line estimate but missing their sales expectation. The sales miss was significant for investors, as competitors Walmart (WMT) and Target (TGT) had recently posted strong quarters. While Target recorded its best comps growth in 13 quarters, Walmart’s sales comps were its best in ten years. Kroger, on the other hand, once again missed analysts’ sales comps estimate despite strong macros.
The number of openings of all types surpassed the number of hires from March through June for the first time in a decade, according to the Bureau of Labor Statistics. Kohl’s Corp. and J.C. Penney Co. started hiring seasonal workers in June—about three months earlier than usual. This year, as an added incentive, Penney’s will give its part-time hourly workers one week of paid time off a year.
In fiscal Q2 2018, Kroger’s (KR) top line grew 1% YoY (year-over-year) to $27.87 billion, missing analysts’ estimate by $90 million and marking the first quarterly sales miss for the supermarket chain in eight quarters. It was also the company’s slowest growth in 11 quarters. Its total sales (excluding fuel, its divested convenience store business, and its merger with Home Chef) improved 1.8% YoY.
Now, some strategists say the stock is simply too rich at current levels to buy in, with a price-earnings ratio of a little over 30 times forward earnings — and the technicals are equally bleak to some.
Online startups selling personal-care products from razors to deodorant are trying a radical new way to reach customers: the bricks-and-mortar retailer. More small, internet-only consumer brands are turning to physical retail space for growth, a shift that is happening as companies encounter the limitations of selling directly to consumers and as retailers become more open to lesser-known brands. Rising costs to advertise online are also driving brands back to stores as they find that buying shelf space, either with a dedicated store or by moving into an existing retailer, is a cheaper way to gain notice.
Ryan McQueeney and Maddy Johnson recap Apple's latest iPhone reveal event and preview the holiday shopping season by looking at seasonal hiring trends and upcoming video games. Later, the hosts discuss AMD's crazy momentum.
Wells Fargo downgraded Costco (COST) stock to “market perform” from “outperform” due to the company’s high valuation multiple. Wells Fargo analyst Edward Kelly stated that Costco shares have soared to record highs and seem fully priced. In Will Valuations Stall Uptrend in COST, WMT, and TGT?, we underscored the fact that Costco, Target (TGT), and Walmart (WMT) look pricey given the recent run in their stock prices. Following the downgrade, Costco shares were trading 1.9% lower on September 14.
(KR)’s (KR) results may point to more grocery share gains for (WMT) (WMT) and (TGT) (TGT), argues Credit Suisse. Where we were: Kroger was the worst-performing stock in the S&P 500 on Thursday, following its lackluster second-quarter results. Where we’re headed: Big-box stores’ gains in the food space may be sustainable, says Credit Suisse, which expects bigger, deep-pocketed players to dominate.
Target's (TGT) launch of same-day delivery of groceries, electronics, toys and other product assortments in New York and Pennsylvania through Shipt is likely to generate higher revenues, going ahead.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Target (TGT) have what it takes? Let's find out.
On September 13, IBM (IBM) extended its existing technology partnership with India-based leading fashion and lifestyle company Aditya Birla Fashion and Retail (ABFRL). The ten-year partnership deal may help ABFRL minimize costs, boost store productivity, and assist in opening new stores.
Disappointing sales and weak guidance just sent Kroger spiraling in its worst daily performance in six months.
Target plans to hire more than 120,000 people for the busy holiday shopping season, a 20 percent increase from last year. Target says it will pay workers $12 an hour, a dollar more an hour than last year. With a strong job market, retailers will likely face a harder time attracting workers for the holidays since workers can be pickier about where they work.
Target (TGT) announced Thursday that it is set to hire 20% more seasonal workers during the upcoming holiday shopping period, with a sizeable amount dedicated to online order fulfillment. Target, along with Walmart (WMT) and other retail powers are coming off a strong second quarter. Now, TGT stock looks like it might be worth buying ahead of what could be a big holiday shopping season.