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Redbook Shows US Same-Store Sales Gained More Than 5% Last Week

On Tuesday, the Redbook Index revealed U.S. same-store sales increased 5.4% for the week ended Sept. 14, 2019, compared to the same week in 2018.

It was also 50 basis points higher than the comparable week in August.

Following the announcement, shares of several large retailers either lost some shine or were tepid at close on Tuesday.

Shares of Walmart Inc. (NYSE:WMT) rose 0.81% to close at $116.51 on Tuesday for a market capitalization of $331.39 billion. The stock has gained 25% so far this year, outperforming the S&P 500 Index by 5.2%.


The retail giant has a 52-week range of $85.78 to $118.19, a price-earnings ratio of 26.24 versus the industry median of 19.99, a price-book ratio of 4.75 versus the industry median of 1.58 and a price-sales ratio of 0.65 versus the industry median of 0.43.

Currently, Walmart pays a quarterly dividend of 53 cents per share, producing a forward dividend yield of 1.83% compared to the S&P 500 Index's yield of 1.87% as of Sept. 17.

Shares of The Kroger Co. (NYSE:KR) closed 1.27% lower at $25.65 on Tuesday for a market capitalization of $20.49 billion. The stock has fallen 7% so far this year, underperforming the S&P 500 by 26.6%.

The grocery store chain has a 52-week range of $20.70 to $31.98, a price-earnings ratio of 12.64 versus the industry median of 19.99, a price-book ratio of 2.39 versus the industry median of 1.58 and a price-sales ratio of 0.17 versus the industry median of 0.43.

On Sept. 1, Kroger paid a quarterly dividend of 16 cents per share, up 14.3% from the previous payment on June 1, producing a forward dividend yield of 2.46% versus the industry median of 2.1% and the S&P 500's yield of 1.87%.

Wall Street issued an overweight recommendation rating, which suggests the stock will outperform the market within 52 weeks. It has an average target price of $26.71, reflecting 4.3% upside.

Shares of Costco Wholesale Corp. (NASDAQ:COST) rose 0.94% to close at $291.41 on Tuesday for a market capitalization of $128.16 billion. The stock has climbed 43% so far this year, outperforming the S&P 500 by 23%.

The retailer, which operates warehouses that sell goods in bulk, has a 52-week range of $189.51 to $307.34, a price-earnings ratio of 35.76 versus the industry median of 19.99, a price-book ratio of 8.86 versus the industry median of 1.58 and a price-sales ratio of 0.86 versus the industry median of 0.43.

Currently, the retailer pays a quarterly dividend of 65 cents per common share, generating a forward dividend yield of 0.9% versus the industry median of 2.1% and the S&P 500's yield of 1.87%.

Wall Street issued an overweight recommendation rating for shares of Costco with an average target price of $290.13, reflecting 0.52% downside from the closing price on Tuesday.

Shares of The Home Depot Inc. (HD) closed at $230.21 on Tuesday, down 0.34% from the previous close, for a market capitalization of $252.12 billion. The stock has risen 34% year to date, outperforming the S&P 500 by 14%.

The home improvement retailer has a 52-week range of $158.09 to $235.49, a price-earnings ratio of 22.93 versus the industry median of 16.94 and a price-sales ratio of 2.34 versus the industry median of 0.53. The price-book ratio is -217.18.

Home Depot will pay a quarterly dividend of $1.36 per share on Sept. 19, up 32.04% year over year, producing a forward dividend yield of 2.36% versus the industry median of 2.88% and the S&P 500's yield of 1.87%.

Wall Street issued an overweight recommendation rating for shares of Home Depot with an average target price of $227.41, reflecting 1.7% downside from the closing price on Tuesday.

Disclosure: I have no positions in any securities mentioned.

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This article first appeared on GuruFocus.