20.27 -0.07 (-0.35%)
After hours: 4:26PM EDT
|Bid||20.03 x 800|
|Ask||20.38 x 1100|
|Day's Range||19.83 - 20.54|
|52 Week Range||19.83 - 45.13|
|Beta (3Y Monthly)||2.20|
|PE Ratio (TTM)||6.59|
|Earnings Date||Dec 5, 2019 - Dec 9, 2019|
|Forward Dividend & Yield||1.20 (5.91%)|
|1y Target Est||27.44|
Retail credit cards have some of the highest interest rates on the market — and those rates are reaching new heights. The average annual percentage rate (APR) for retail cards now stands at 26.01%, up 37 basis points from a year ago, according to a separate report from CreditCards.com. Interest rates on retail cards have risen over the past year even as the prime rate, which most credit-card issuers use to set their APRs, has fallen 25 basis points over the past year.
Ordinarily, you'd imagine that a trade war with the world's second-biggest economy would be net negative for the retail industry. But for big-box retailers like Target (NYSE:TGT) and Walmart (NYSE:WMT), 2019 has been one of the best years so far. Since January's opening price, Target stock finds itself up over 71%, while WMT has gained a respectable 29%.Source: Robert Gregory Griffeth / Shutterstock.com That said, not all big-box retailers have found the current environment favorable. A notable example is Big Lots (NYSE:BIG), which appears to have finally found a bottom. However, it took a loss of nearly 20% before investors apparently saw some contrarian value in its shares. So, what makes TGT stock stand out in what should be a broader headwind in retail?Primarily, I believe that Target owns a moat in the big-box space. Like sector king Walmart, TGT offers discounts to shoppers thanks to its vast scale. It's also a one-stop shop for various needs, including groceries, health and wellness products, clothing, and electronics. Unlike Walmart, though, Target caters to a more affluent customer. Therefore, Target stock levers an economic cushion similar to Costco Wholesale (NASDAQ:COST).InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, because Target owns a moat, it's able to dictate favorable terms with its suppliers. While other retail companies desperately explore ways to minimize customer impact from the U.S.-China trade war, Target imposes its solution: bluntly, management tells its suppliers to foot the bill. * 10 Hot Stocks Staging Huge Reversals While that might sound like a net negative for TGT stock due to a combative relationship, Target has been doing this for years without recourse, as the charts demonstrate.But before you think Target stock is unstoppable, you might want to consider the retailer's inventory overflow situation. Target Stock Vulnerable to Operational RiskEarlier this month, Business Insider broke a disturbing story about Target's in-store operational efficiency, or lack thereof. Recently, management quietly cut overnight and backroom shift hours in stores across the nation. Apparently, this was done to increase floor support for customers.However, this move had an unintended consequence. With fewer workers - which Target refers to as "team members" - manning the backroom, the inventory overflow has become untenable. In some cases, heaps of products are stacked on top of each other, making the backroom a fire hazard. Also, guest photographs reveal that excess inventory sometimes spills out into the salesroom floor.Here's the dirty little secret: even in the best of times, Target's backrooms - where I once worked during my college years - were shoddy. In order to get thing done on time, many workers cut corners on safety protocols.Ordinarily, such a situation shouldn't impact TGT stock. After all, I'm fairly certain that all big-box retailers experience these inefficiencies to varying degrees. However, I've never seen anything like what Business Insider recently reported.The magnitude of this problem is such that I believe it can negatively impact Target stock if left unchecked. While most folks consider backroom duty as a lowly job, it's an important one for Target. Without hardworking and competent backroom team members, a store will constantly encounter inaccurate inventory counts. Eventually, that leads to very angry guests, who may take their dollars elsewhere.Plus, let's talk about the obvious: these are large-scale worker's comp cases ready to drop Target stock at a moment's notice. During my Target tenure, I witnessed team member injuries occur in clean backrooms. What we're seeing here is beyond the pale. The Root of the Problem Remains UnresolvedTo be fair, Target responded immediately to the backroom overflow problem. However, responding to a situation doesn't necessarily equate to forwarding an effective solution. Instead, the root cause - cutting overnight and backroom hours - remains unresolved.Indeed, Target's response - sending safety inspectors and demanding changes - may exacerbate the inventory overflow. That's because the team members responsible for the clean up are probably overworked as it is. With headquarters raising wages but cutting hours, the company is forcing out many well-trained employees.And with the craziness that the remaining team members are tasked to resolve, the attrition rate will surely spike. Thus, an effort to cut overhead will negatively affect operational efficiencies and accuracy.Let's also note that the busy holiday shopping season is only a month away. If Target doesn't get their act together quickly, TGT stock is at risk for completely dumb and avoidable reasons.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post The Really Dumb Reason Why Target Stock Is at Risk appeared first on InvestorPlace.
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock...
COLUMBUS, Ohio, Oct. 11, 2019 /PRNewswire/ -- Big Lots, Inc. (BIG) today announced the appointment of Andrej Mueller as Executive Vice President of Business Strategy. A native of Munich, Germany, Mr. Mueller has more than 15 years of experience in the consumer industry. Commenting on today's announcement, Bruce Thorn, President and CEO of Big Lots stated, "We are excited to welcome to the Company an executive with Andrej's breadth of experience.
COLUMBUS, Ohio, Sept. 23, 2019 /PRNewswire/ -- Big Lots announced today the launch of its fall point-of-sale campaign, "Give Big for Kids" that will benefit Nationwide Children's Hospital. Now through October 27, Big Lots customers can donate $1, $2, $5, or more at checkout. This past spring, Big Lots concluded its seventh point-of-sale fundraising campaign on behalf of Nationwide Children's. A total of $2.6 million was raised in more than 1,400 stores that employ over 35,000 Big Lots associates.
The transformation at discount retailer Big Lots (BIG) continues to look good; in addition, the company is managing tariff issues well, asserts Hilary Kramer, editor of Value Authority.
COLUMBUS, Ohio, Sept. 4, 2019 /PRNewswire/ -- Big Lots, Inc. (BIG) announced today it is participating in the Goldman Sachs 26th Annual Global Retailing Conference being held in New York City, New York. Bruce Thorn, President & CEO, Jonathan Ramsden, Executive Vice President, Chief Financial & Administrative Officer, and Andrew Regrut, Vice President, Investor Relations, are scheduled to participate in a fireside chat on Thursday, September 5, 2019 which will be broadcast live beginning at approximately 11:20 a.m. Eastern Time. This live audio webcast will be available through the Investor Relations section of our website at https://www.biglots.com/corporate/investors/.
Bulls wouldn't go down without a fight, but they weren't strong enough to keep the markets elevated heading into the long holiday weekend. Here are our top stock trades after a busy Friday. Top Stock Trades for Tomorrow 1: Campbell SoupCould the setup "be" any more perfect in Campbell Soup (NYSE:CPB) for earnings?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOkay, so moving on from our very touching Friends tribute as it approaches its 25-year anniversary in a few weeks, the setup really was perfect in CPB.Shares were forming a tight ascending triangle, a bullish technical pattern where rising uptrend support squeezes the stock against a static level of resistance. That resistance was in play around $42.50. * 7 Stocks to Buy Down 10% in the Past Week CPB exploded over that level on Friday, racing up to $48 where it hit stiff, multi-year resistance.I would love to see the stock maintain above the 200-week moving average now and build on its recent momentum in the holiday-shortened trading week to start September. If it can, look to see if we get another run up to $48. On a retreat, see that $42.50 holds as support, as well as the 10-week moving average. Top Stock Trades for Tomorrow 2: AmbarellaAmbarella (NASDAQ:AMBA) is also putting together a strong rally on Friday, up almost 20% on the day. The move vaults shares over $50 resistance and the 200-day moving average at $48.80.Bulls now must see these two levels hold as support. Further, the stock now has room to rally up to $65, another 15% above current levels. Top Stock Trades for Tomorrow 3: Marvel TechnologyFirst it was up, then it was down, then Marvel Technology (NASDAQ:MRVL) was near flat going into Friday's close.The stock was rejected by the 20-day and 50-day moving averages, as well as downtrend resistance (blue line). Investors now need to see $23 hold as support. If it holds, a retest of resistance is in the cards.If it fails, the May lows at $21.25 may be on the table. Further, the 200-day is down at $21 and rising, while the 50% retracement is near $21 as well. Over $25 and MRVL can gain upside momentum. Top Stock Trades for Tomorrow 4: Dell TechnologiesDell Technologies (NYSE:DELL) is jumping almost 10% on the day, but is now ping-ponging between a few key levels.The good news: Dell stock is back over the 20-day moving average and the key $50 level. It's also out of that nasty downtrend channel (blue lines).The bad news: The 50-day moving average and the 61.8% retracement both rejected Dell stock, sending shares lower.Bulls now needs to maintain above $50 and the 20-day moving average. If they can, it will increase the odds of taking out Friday's high, and thus the 50-day moving average and 61.8% retracement. From there, it puts $58 back on the table.Bears need to crack $50 and the 20-day, putting $46 back on the table. Top Stock Trades for Tomorrow 5: Big LotsLike Dell, Big Lots (NYSE:BIG) is bouncing between a few key levels on the charts. Unlike Dell though, BIG is not ending the day on a high note. Shares are up more than 2% and above $22.50, but are well off session highs at $25.74.Shares were promptly rejected from the key $25.50 to $26 area, as well as the 50-day moving average.While up on the day, the action was not very encouraging. If it can maintain above the 20-day moving average and downtrend resistance (blue line), bulls still have a case to make. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off However, I'd much rather wait to see BIG over the 50-day moving average, putting $26 back on the table. Below the 20-day and $20 is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 5 Top Stock Trades for Tuesday: CPB, AMBA, MRVL, BIG appeared first on InvestorPlace.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Ulta Beauty Inc (NASDAQ: ULTA ) shares were ...
Big Lots reported a large beat on adjusted earnings per share, but investors seem hesitant to buy its turnaround-and-growth story.
Big Lots, Inc. (NYSE: BIG) reported second-quarter earnings of 53 cents per share on Friday, which beat the analyst consensus estimate of 40 cents by 32.5%. The retailer reported quarterly sales of $1.25 billion, which met the analyst consensus estimate.