|Bid||145.03 x 800|
|Ask||175.38 x 900|
|Day's Range||174.11 - 177.13|
|52 Week Range||102.15 - 186.15|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||30.61|
|Earnings Date||May 20, 2019 - May 24, 2019|
|Forward Dividend & Yield||0.24 (0.14%)|
|1y Target Est||194.61|
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 15 S&P 500 stocks among hedge funds at […]
Strong industrial market demand and continued growth in core product offerings will likely aid Fastenal's (FAST) Q1 earnings. Unfavorable product mix, pricing & higher product expenses are concerns.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use Ad...
A trio of top auto parts retail stocks are in buy range: O'Reilly Auto Parts, Monro stock and Genuine Parts. No. 1 Copart is slightly extended.
There are reasons for investors to be optimistic about Dollar Tree (NASDAQ:DLTR). While the company's 2015 purchase of Family Dollar hasn't quite worked out as expected, new plans to fix that unit, and new initiatives in the legacy business, suggest potential upside in DLTR stock.The catch is that Dollar Tree stock seems already have priced in at least some of that success. Initial FY2020 (ending January 2021) EPS guidance suggests about a 17x forward EPS multiple. That's in line with rival Dollar General (NYSE:DG) -- but that guidance assumes results are going to get better starting in the second half of this year. * 8 Best Stocks to Buy for an April Rally I've long preferred DG to DLTR stock, and at similar valuations, that's still the case. Dollar General is a better operator. Dollar Tree still needs to get to that point -- and even if it does, it doesn't look any cheaper. As as result, I'd like to see Dollar Tree stock a lot cheaper before turning bullish.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Improvement On the Way for DLTR StockDollar Tree clearly overpaid for Family Dollar. Plans to accelerate same-store sales growth at the chain haven't quite worked out. Same-store sales for the Family Dollar banner rose just 0.1% in fiscal 2018, after a 0.4% increase the year before. In contrast, Dollar Tree stores grew comps 3.5% in FY17 and 3.3% last year.Further highlighting the problems, Dollar Tree took a non-cash $2.7 billion goodwill impairment change on the Family Dollar acquisition in Q4. And it's closing as many as 390 stores next year, assuming it can't squeeze rent reductions from landlords. Another 200 stores are being rebranded as Dollar Tree locations.In hindsight, the failed acquisition is bad news. But looking forward, the struggles at Family Dollar represent an opportunity. Any improvement in the chain -- or benefits from the rebranding -- can accelerate growth and boost Dollar Tree's overall prospects.The store closures should help margins. Existing stores are being moved to a new model, known internally as H2. Under the new model, merchandise offerings are improved, including $1 Dollar Tree-branded merchandising. Early tests have been hugely successful, per the Q4 release. The addition of alcohol sales and expanded freezers should help as well. Management expects a 1.5-point boost to comp store sales once the initiatives are fully in place. That's a big number for a chain that has barely grown same-store sales at all of late. Earnings Growth Should Help Dollar Tree StockIt will take some time for the efforts to bear fruit. Management actually is guiding for operating income to decline year-over-year in the first half before an improvement in the second half. Full-year adjusted EPS is expected to slip, in part due to a higher tax rate. * The Elite 8 Stocks to Buy for Massive Outperformance But in fiscal 2020, Dollar Tree expects earnings growth to accelerate markedly, with initial guidance for a 14-18% EPS increase. That suggests something in the range of $6.20 per share -- and a roughly 17x forward P/E multiple for DLTR stock.Against mid-teens earnings per share growth, that figure seems cheap. And there are potentially levers to pull beyond remodeling and rebranding Family Dollar stores. Management is testing price points beyond the $1 figure, a suggestion made by activist Starboard Value. Starboard has had some big wins in recent years -- among them Advance Auto Parts (NYSE:AAP) and Olive Garden owner Darden Restaurants (NYSE:DRI) -- and DLTR could benefit from its expertise in targeting consumers.Family Dollar's multi-year disappointment suggests a revitalized business could have years of growth ahead of it. And Dollar Tree has managed to do well despite strength at Walmart (NYSE:WMT), which hasn't always been the case.There is good news here along with room for more good news. In that context, the 17x forward EPS multiple for DLTR stock might look cheap. Is DG Still The Better Play?That said, Dollar General stock trades at a roughly similar forward multiple. And it's worth noting that there's quite a bit of uncertainty to Dollar Tree's FY20 guidance. The company is projecting a big uptick in comps from the H2 model and other initiatives. That uptick isn't guaranteed - and neither is the 14-18% growth management sees coming next year.In contrast, DG investors can pay roughly the same multiple for steadier, and probably more certain, performance, with a two-year growth rate that actually looks a bit stronger.Admittedly, investor preferences might be different among the two stocks. Dollar Tree stock, given Starboard's presence and the efforts at Family Dollar, likely has more upside in the best-case scenario. It also has higher risk.From here, DG is the steadier, safer, and better bet. But others might see it differently - and Dollar Tree has enough options to prove me, and other DLTR stock skeptics, wrong.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post Potential for Improvement Seems Already Priced Into Dollar Tree Stock appeared first on InvestorPlace.
DALLAS, April 01, 2019 -- Tuesday Morning Corporation (NASDAQ: TUES), a leading off-price retailer with nearly 710 stores across the United States specializing in selling.
AutoZone (NYSE:AZO) just approved $1 billion more for buybacks of AutoZone stock. Over time, the auto- parts retailer has delivered positive returns for the owners of AZO stock through this strategy.Source: time anchor via Flickr (Modified)However,these buybacks have strained the company's balance sheet. Moreover, the attitudes of the young towards auto repairs, as well as changing technology, have created concerns about AZO stock and its peers. Given AutoZone's risks and potential headwinds, I would advise against buying AZO. * 7 Marijuana Stocks to Play the CBD Trend At first glance, AutoZone stock looks like a solid pick. In good times and in bad, people need working cars. When a part needs to be replaced, customers willingly spend money to keep their vehicles on the road.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, with a forward price-earnings (PE) ratio of 15.5, AZO stock is hardly expensive. O'Reilly Automotive (NASDAQ:ORLY), Advance Auto Parts (NYSE:AAP), and Genuine Parts Company (NYSE:GPC) all trade at higher multiples. AutoZone Stock Faces New ThreatsHowever, when one looks under the hood of AZO, things look less pretty. As my InvestorPlace colleague Josh Enomoto points out, the young tend to outsource more of their repair work. Also, at a time in which cars have become computers on wheels, more of the work requires trained technicians with advanced degrees.Also, with the industry trending toward electric cars with fewer parts, consumers could have less need for auto-parts dealers in general. Potential competition from the likes of Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) also remains a threat.In fairness, all of these negatives will also affect AZO's direct peers. Moreover, if changing trends threaten their future, those headwinds have not appeared in their profit forecasts. Of the four major parts dealers, analysts expect every one except Genuine Parts to post average-annual-profit growth of at least 12.5% per year over the next five years.However, of the four primary auto-parts retailers, AZO has the weakest balance sheet. For one, its current liabilities exceed its current assets. In layman's terms, this means the company cannot easily meet its current obligations. This situation has persisted for years, and AZO keeps itself in business by allowing its accounts payable to keep growing. Of AZO's major peers, O'Reilly is the only other one to have followed this strategy. Buybacks Could Endanger AutoZone StockIn this sector, only AZO maintains negative stockholders' equity. Put simply, this means AZO owes more than its net worth. This occurred because of its aggressive stock buyback strategy. Now, with the board of directors approving another $1 billion worth of buybacks of AutoZone stock on Mar. 20, those who own AZO should become even more concerned.This figure nearly matches the almost $1.34 billion the company earned in net income in the previous fiscal year. Since beginning its stock -repurchase program in 1998, the company has authorized $21.9 billion in share buybacks. As a result, it has spent an amount on buybacks of AutoZone stock that nearly matches the company's $24.9 billion market cap.AZO's peers also conduct share buybacks. However, they have not undermined stockholders' equity in the process. For this reason, if revenue growth turned negative within the auto parts industry, AZO would probably be hurt more than its peers. The negative equity could force the company to dump massive amounts of AZO stock in an environment of falling prices, merely to shore up its balance sheet.To avoid this potential issue, investors can pay Advance Auto's 17.7 forward multiple and profit from its higher growth. They could buy also GCP stock, which has a forward multiple of 17.4, and benefit from its 2.8% dividend yield and its 62 straight years of payout hikes. In either case, investors would be substantially safer than with AutoZone stock and only pay a slightly higher multiple. The Bottom Line on AutoZone StockAZO's balance sheet makes AutoZone stock a high-risk play despite its modest valuation. Given the recession-proof nature of the company's products and the past growth of AutoZone stock, one might consider AZO a buy.However, fewer customers are repairing their own cars and the competition it faces could squeeze its profit margins further. Moreover, the company has taken buybacks of AutoZone stock to such an extreme that stockholders' equity has turned negative.With that negative equity, the auto-parts retailer faces the danger of having to dump AutoZone stock if it needs cash to stabilize its balance sheet. So until AZO stabilizes itself, investors should stay away from AutoZone stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post AutoZone Stock Needs Preventative Maintenance, Not More Stock Buybacks appeared first on InvestorPlace.
Today we'll look at Advance Auto Parts, Inc. (NYSE:AAP) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as thatRead More...
Auto parts retailer Advance Auto Parts Inc. (AAP) could deliver further stock price growth after rising 47% over the past year. The company is implementing a revised strategy that will see it invest increasingly in its omnichannel offering as well as in a variety of new products. This could improve its competitive advantage and boost customer engagement levels.
Advance Auto Parts (AAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Advance Auto Parts Inc NYSE:AAPView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for AAP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AAP. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold AAP had net inflows of $2.36 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In this article, I will take a look at Advance Auto Parts, Inc.'s (NYSE:AAP) most recent earnings update (29 December 2018) and compare these latest figures against its performance overRead More...
The market may not be past the tipping point yet, but yesterday's loss certainly pushes it to the brink. With Wednesday's loss, the S&P 500 is now resting right on its 20-day moving average line, feeling a sentiment headwind.General Electric (NYSE:GE) did much of the damage, losing nearly 8% of its value as investors continue to digest its lackluster cash flow outlook for the year now underway. Advanced Micro Devices (NASDAQ:AMD) took a big bite out of the market too, though, just because increasingly nervous investors continue to file out of their most aggressive trades.There were some winners too. Roku (NASDAQ:ROKU) jumped 4.5% thanks to Guggenheim's improved price target, while Abercrombie & Fitch (NYSE:ANF) bolted more than 20% higher following an earnings report that suggests the retailer may be salvaged after all.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere just weren't enough of the right, big names to push the market into positive territory.Headed into Thursday's session, the stock charts of Advance Auto Parts (NYSE:AAP), LyondellBasell Industries (NYSE:LYB) and Omnicell (NASDAQ:OMCL) are your better trading bets. Here's why. Omnicell (OMCL)Omnicell has been on fire since the middle part of last year, even sidestepping the worst of December's marketwide weakness to fight its way to record highs earlier this month. * 9 Trade War Stocks to Sell on U.S.-China Deal News All good things must eventually come to an end though, even if only temporarily. As rewarding as OMCL has been of late, we're now seeing all the telltale signs that a pullback from an overbought condition is already underway. Click to Enlarge • The daily chart speaks for itself. While it catapulted higher early last month, the stock has struggled to hold onto those gains. Wednesday's loss was particularly big.• It's not something that can be plotted, but the divergence between the white 200-day moving average line and the stock's price reached a typical maximum of 35% last month, essentially matching September's and November's pre-pullback divergence.• Zooming out to a weekly chart we can see Omnicell has moved into overbought territory with its RSI and stochastic indicators, leaving it ripe for a pullback as has been the case with past clues of the same. A pullback to the 200-day average around $67 may be required to burn off all the froth. Advance Auto Parts (AAP)Advance Auto Parts shares haven't reached their breaking point yet, but they're getting close. As of yesterday's action, a key technical floor is being tested for a second time this year. This time, however, it's starting that test in the shadow of a major bearish clue. Click to Enlarge • The technical support in question is the 200-day moving average line, plotted in white on both stock charts. Any move lower from here would pull AAP below that long-term line for the first time since 2017.• Such a breakdown may already be a foregone conclusion. The tall reversal bar from Feb. 19, highlighted on the daily chart, suggests the pivot has already been made from a net-bullish to a net-bearish environment.• Though the stage is set, it's a setup that practically requires a break below the 200-day moving average line before becoming actionable. LyondellBasell Industries (LYB)We put LyondellBasell Industries on the radar back in early February, when it started to act like it was going to work its way out of a downtrend. It wasn't quite ready for prime-time at the time, but it was inching closer.That potential breakout move never really went anywhere. But, after Wednesday's session, LyondellBasell are closer to a breakout thrust than they've been in months. One more good day could seal the deal. Click to Enlarge • The "setup" is the horizontal trading range that has taken shape since the beginning of the year. The upper edge of that range is plotted in yellow on both stock charts, while the lower boundary is plotted in blue.• Although LYB stock didn't poke through the upper ceiling yet, as of Wednesday, the stock's above the gray 100-day moving average line for the first time in weeks.• Underscoring the new-found bullishness is the volume surge behind yesterday's gain. The bulls had been waiting in the wings, but the swell of volume suggests there's a crowd of willing buyers on standby.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Blue-Chip Stocks That Will Lose You Money * 7 Cheap Stocks Under $5 That Could Soar * 7 Stocks Under $10 You Shouldn't Buy Compare Brokers The post 3 Big Stock Charts for Thursday: Omnicell, Advance Auto Parts and LyondellBasell appeared first on InvestorPlace.
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Magna's (MGA) revenues beat estimates while that of Sonic Automotive (SAH), Copart (CPRT) and AutoNation (AN) miss.
While revenues of BorgWarner (BWA) and American Axle (AXL) beat, Cooper Tire (CTB) misses estimates. Revenues of Genuine Parts (GPC) and Advance Auto Parts (AAP) meet estimates.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Advance Auto Parts, Inc. (NYSE:AAP) saw a double-digit share priceRead More...
In Advance Auto Parts’ first earnings call as a Raleigh-based company, execs at the Fortune 500 retailer noted their cost-cutting plan is working.
shares were up 4% in trading Tuesday after the auto parts company topped earnings and revenue estimates despite the fact that it also provided an estimate for full-year same-store sales growth that was below analysts' expectations.
Advance Auto Parts Inc. reported Tuesday a fourth-quarter profit that beat expectations, but same-store sales that came up a bit short. The auto parts retailer's stock was still inactive in premarket trade. Net income fell to $53.4 million, or 74 cents a share, from $184.5 million, or $2.49 a share, in the same period a year ago, which included benefits of tax reform. Excluding non-recurring items, adjusted earnings per share came to $1.17, above the FactSet consensus of $1.13. Sales rose 3.3% to $2.11 billion, matching the FactSet consensus, while same-store sales growth of 3.6% was just below expectations of a 3.4% rise. For 2019, the company expects net sales of $9.65 billion to $9.80 billion, compared with the FactSet consensus of $9.78 billion, and expects same-store sales to increase 1.0% to 2.5%, surrounding the FactSet consensus of 2.0% growth. The stock has lost 4.4% over the past three months, while the S&P 500 has gained 3.2%.