|Bid||1,042.63 x 1000|
|Ask||1,043.50 x 800|
|Day's Range||1,023.29 - 1,043.23|
|52 Week Range||597.00 - 1,074.67|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||19.39|
|Earnings Date||May 20, 2019 - May 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,037.24|
Discouraging news from O’Reilly Automotive is dragging down shares of auto-parts companies. Same-store sales came in at the low end of the forecast range, and revenue was lower than expected.
In first-quarter 2019, Tesla (TSLA), O'Reilly Automotive (ORLY) and Genuine Parts's (GPC) earnings and sales miss quarterly estimates.
O'Reilly earnings, revenue and same-store sales missed first-quarter estimates. O'Reilly stock tumbled late after the auto parts retailer closed in a buy zone.
Well like Costco (COST) there are other prominent retailers that are riding on the wave of favorable consumer environment and strategic endeavors.
A longtime exec with AutoZone Inc. will be in charge of the 61st AutoZone Liberty Bowl. Bill Giles, AutoZone's chief financial officer and executive vice president of finance and information technology, customer satisfaction, was named the president of the 2019 AutoZone Liberty Bowl Festival Association during a Monday evening press conference at the Sheraton Memphis Downtown Hotel. Giles, who was named CFO of the Year by the Memphis Business Journal in 2010, began at AutoZone in 2006 as executive vice president and CFO.
Rating Action: Moody's upgrades three classes of RCCMT 2014-1. Global Credit Research- 23 Apr 2019. Approximately $20.3 million of structured securities affected.
“We’ve identified 14 projects that we will do if we can. Basically, we aren’t going to take on any debt, and we are only going to do what we can pay for.”
Dalio’s Bridgewater Warns about Peak Margins—Should You Care?(Continued from Prior Part)A turning point for corporate margins? In its research, Bridgewater Associates has presented several arguments to support its view that current US corporate
MBJ's data shows that an area’s fortunes improve exponentially if it can claim multiple corporate HQs, extending to impacts on home values and rental rates.
Volkswagen (VWAGY) discloses the plan to build fully-electric sports utility vehicles for the China market. This move is likely to help it compete with Tesla's (TSLA) Model X.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical, we'll show how AutoZone, Inc.'s (NYSE:AZO) P/E ratio could help you assess the value on offer. AutoZone has...
Higher construction activity and solid contribution from industrial vending and Onsite locations aid Fastenal (FAST) to post better-than-expected Q1 results.
General Motors (GM), Ford (F) and Toyota (TM) collaborate with the automotive engineering group, SAE International, to lay down autonomous vehicle safety guiding principles.
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.
The Zacks Analyst Blog Highlights: General Motors, Ford, CarMax, Lear, Tesla, Harley-Davidson and AutoZone
General Motors Company (GM), Toyota Motor Company (TM), Nissan Motor Co. (NSANY) and other auto giants in the United States release sales figures. The sales trajectory persistently declines.
AutoZone (AZO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Retail stocks face pressure as customers spend less. On April 1, the Commerce Department reported that February retail sales had fallen by 0.2%. Moreover, sales declined by 1.6% during December at the height of the Christmas shopping season. For this reason, even the 0.7% sales increase in January failed to bring sales above seasonally adjusted levels.The rise of e-commerce driven by Amazon (NASDAQ:AMZN) has added to the concerns. Thanks to many brick-and-mortar retailers turning to omnichannel strategies, fears of an "Amazon takeover" have abated. However, shifts in consumer tastes and spending continue as billions of square feet in the retail space lies empty. * 10 Best ETFs for 2019: A Close Race at the Front Amid slower sales and changing retail trends, investors should think twice about remaining in the following five retail stocks:InvestorPlace - Stock Market News, Stock Advice & Trading Tips AutoZone (AZO)Source: time anchor via Flickr (Modified)At first glance, AutoZone (NYSE:AZO) does not look like one of the retail stocks to sell. Its forward price-to-earnings ratio is about 19.6. Also, even though Wall Street predicts a profit reduction of 1.6% for the year, they see 22.8% in earnings growth for next year. Furthermore, consumers need running cars. Hence they will generally spend what it takes on parts regardless of the state of the economy.However, trends have emerged that could undermine this recession-proof business. Both millennials and Generation Z have shown a decreased interest in working on their own cars. Moreover, Amazon and other e-commerce retailers have considered entering this business. A smaller customer base and increased competition spell trouble for both AutoZone and its peers.Another problem plaguing AZO stock involves its balance sheet. Current liabilities have long exceeded current assets, calling into question the company's ability to pay its immediate bills.Moreover, rising debt and spending on stock buybacks have left the company with negative stockholders' equity. This trend continues as management approved another $1 billion in stock buybacks in March. If the company saw a sustained drop in sales, they might have to dump repurchased stock back on the market to shore up the balance sheet. Such a move would devastate AZO stock.Investors have long viewed the auto parts business as a stable, recession-proof business. However, between a lessened interest in home auto repairs and the poor shape of AutoZone's balance sheet, investors should sell AZO stock before it experiences its own breakdown. Bed, Bath and Beyond (BBBY)Source: Mike Mozart via FlickrBed, Bath, and Beyond (NASDAQ:BBBY) has become one of the retail stocks that appears poised to become another victim of the e-commerce onslaught.The Simpsons once parodied the retailer when it featured a gun store named, "Bloodbath and Beyond." Unfortunately, that name may describe the worsening state of the company. A long-term debt burden of almost $1.5 billion may have appeared light when the company traded at its 2015 high of around $75 per share. However, BBBY stock now trades at about $17 per share. This has taken its market cap to about 2.3 billion, about 20% below BBBY's book value.BBBY stock has moved higher recently as activist investors have taken an interest in the company. Many hope for an omnichannel strategy that succeeded for a company with a similar stock symbol, Best Buy (NYSE:BBY). * 10 Tech Stocks That Transformed Their Business Our own Luke Lango states that consumers no longer need Bed, Bath and Beyond as consumers can find their products at a Target (NYSE:TGT) or Amazon at lower prices. I agree. This explains why moves by activist investors to turn around the company will likely fail. Also, even if they find a way to succeed, the benefits may not accrue to BBBY stock. Given the remote chance of recovery, I would recommend running away from BBBY before the real bloodbath ensues. GameStop (GME)Source: Shutterstock Like BBBY, GameStop (NYSE:GME) could turn into one of the retail stocks permanently hurt by changing shopping trends. Unfortunately for GME stock bulls, GameStop has become the Blockbuster Video of the gaming industry.Yes, more consumers are buying games from online retailers such as Amazon; however, I do not think GME can blame Amazon for its woes. How consumers increasingly buy games has become a more serious threat to GME stock.Today, customers receive more of their games via downloads or streaming media in some cases. This freezes gaming retailers out regardless of how well they run their business. In such a world, the existence of GameStop no longer makes sense.GME stock has fallen from the high of over $45 per share it saw in 2015 to about $10 per share today. This has taken the forward P/E ratio to around 5. For this reason, some might attempt a contrarian bet.I wouldn't.Yes, activist investors may attempt to save the company. Or, they could find a new line of business that would bring customers back. Still, either strategy has only a slim chance of success.Sometimes the only way to win is not to play the game. GME stock investors should accept that fact before it is game over. Macy's (M)Source: Shutterstock Macy's (NYSE:M) has become another venerable store struggling to succeed in today's retail world. The retailer operates primarily in malls, a retail format that has seen a significant decline in recent years.As mall traffic has fallen, M stock has dropped as well. Macy's stock traded at around $70 per share in 2015. Today, M stock trades at just under $25 per share.In fairness, it has not fallen to the low levels of retail stocks such as Sears (OTCMKTS:SHLDQ) or JCPenney (NYSE:JCP). Also, investors should note that it still earns a profit. Moreover, it generates sufficient cash flows to maintain its $1.51 per share annual dividend. Admittedly, many investors will stay in M stock or even buy it merely for the 6% yield.However, this dividend, which had increased annually for years, did not rise in 2018. Also, analysts expect little change in revenues for both this year and next. They also forecast that profits will fall by 25.6% this fiscal year (2020) and 4.5% in fiscal 2021. For now, analysts expect shrinking earnings for the foreseeable future. If this decline continues, it could bode poorly for the dividend, and by extension, M stock. * 7 China ETFs to Consider Right Now If profits resume their move higher, M stock will become a lucrative bargain. Still, unless and until Macy's can boost earnings, investors should stay away. Walmart (WMT)Source: Shutterstock Walmart (NYSE:WMT) successfully fought off the so-called "retail apocalypse," turning its physical stores and improved online presence into a successful omnichannel strategy. In its latest quarter, U.S. e-commerce sales grew by 43%. WMT stock, which traded close to $57 per share at the height of the fears over Amazon, has now almost reached the $100 per share level. As a result, its forward P/E ratio comes in at about 19.6.However, outside of the e-commerce improvements, Walmart remains little-changed. Walmart struggles with both market saturation at home and a string of failures trying to expand outside of North America. This remains worrisome as Walmart could find its growth potential limited without a successful offshore strategy.Also, efforts to improve worker pay and benefits, while probably needed, will likely weigh on profits in the near term. For the overall company, analysts forecast revenue growth of only 2.9% this fiscal year and 3.3% the next. They also expect profits to fall by 3.1% this year before rising by 5% next year.Walmart will remain one of the largest retail stocks as its successful e-commerce strategy addresses a strategic threat. However, with negligible earnings growth supporting a 19.6 forward P/E, WMT has become overpriced.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 * 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 5 Struggling Retail Stocks That Won't Catch a Break appeared first on InvestorPlace.