|Bid||26.14 x 800|
|Ask||26.15 x 1000|
|Day's Range||25.75 - 26.50|
|52 Week Range||19.31 - 32.92|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||24.91|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.69|
The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Warning! GuruFocus has detected 2 Warning Sign with AAPL. CD&R Investment Associates IX, a 10% owner, bought 5,609,763 shares of Beacon Roofing Supply Inc. (BECN) for the price of $33.31 per share on March 14.
Every investor in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely,Read More...
Grocery stocks trade in a competitive, low-margin business. The average grocer sees a profit margin falling between 1% and 2%. Although that margin can rise as high as 6% for organic grocers, difficulties remain.Despite the struggles to profit, grocery stocks have attracted a great deal of interest. The Amazon (NASDAQ:AMZN) purchase of Whole Foods spurred a great deal of interest in grocery stocks. Despite Amazon's struggles with grocery delivery and its desire to build a second grocery chain, that interest has not abated.This sector also poses challenges for many investors. Many prominent chains such as Trader Joe's have never launched an IPO. Others, such as Publix offer stock that does not trade on public markets. Hence, relatively few grocers trade on the exchanges, and others, such as Walmart (NYSE:WMT), derive most profit from other retail operations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Dividend Stock Winners Despite this challenge, investors can find grocery stocks with profit potential. These stocks to buy trade at reasonable price-to-earnings ratios while posting the profit increases needed to boost stock prices over time. BJ's Wholesale (BJ)In the discussion of warehouse retail and grocery stocks, many often forget BJ's Wholesale (NYSE:BJ). Instead, attention often falls on Costco (NASDAQ:COST), which has led the warehouse retail sector for many years. Even Sam's Club, a division of Walmart, often receives more attention.Since BJ's operates warehouses primarily on the east coast, investors west of the Mississippi River often overlook the chain. Moreover, the company did not return to the public markets until its July 2018 IPO, giving investors further reason to ignore the warehouse retailer.However, the company operates 216 warehouses in 16 states, and it carries more grocery stock-keeping units (SKUs) than either rival.Moreover, BJ stock posts financials that would appeal more to buyers. The forward P/E ratio comes in at 15.5, lower than both Costco and Walmart. Wall Street also predicts a 10.5% increase in profits for the year. That almost matches Costco's predicted growth rate. For next year, analysts forecast 11.6% profit growth versus only 7.4% for Costco.BJ stock has challenges. High debt levels and negative stockholders' equity will likely slow expansion plans. Also, at a market cap of only $3.5 billion, it will remain a distant third behind its main rivals for years to come. Further, the investment thesis may fall apart if profits fall short of forecasts. However, as long as BJ's can keep growing its profits and improving its balance sheet, the future should brighten for BJ stock. Kroger (KR)Kroger (NYSE:KR) has long held a position as the nation's second-largest grocer. Due to Walmart's more diverse retail portfolio, Kroger stands as the largest pure-play grocer trading on the market today. The Cincinnati-based company operates 2,764 grocery stores across the country.Despite the massive footprint, investors sold off Kroger stock as fears of an Amazon takeover took hold. Most now believe investors overreacted to Amazon. Still, this threat has changed Kroger's strategy. Kroger spent $3 billion last year remodeling stores and on the "Restock Kroger" digital initiative. They expect that spending to grow to $3.2 billion this year.These changes have placed grocery stocks like Kroger in a position of transition. While unpopular, most analysts agree this spending has become necessary for Kroger to remain relevant. These sentiments became evident as Kroger missed earnings and revenue estimates in Q4. KR stock fell 9% on that news. Setbacks such as these have left KR trading at only 10.3 times forward earnings. * 7 Stocks to Buy With High ESG Momentum Still, analysts expect 4.7% profit growth this year and 7.7% the next. Moreover, the annual dividend of 56 cents per share has increased for the last ten years. This takes the yield to almost 2.3%. KR stock may struggle for now as it makes its transition. However, the low valuation along with the fruit that Restock Kroger will likely bear should bring profits to long-term investors. Target (TGT)Like in the general retail sector, Target (NYSE:TGT) also competes with Walmart and others in the grocery business. It has also followed the lead of Walmart, Kroger and other grocers in introducing grocery delivery and leveraging its omnichannel presence to compete with Amazon.For now, TGT stock is riding high. In its most recent quarterly report, the company beat earnings and revenue estimates. It also saw its best traffic and sales numbers since 2005. Its Food & Beverage category has shared in these benefits.Target has struggled with groceries in the past. However, an emphasis on fresh and organic foods has helped to turn this category around. Target generally has tried to build a more upscale image than its archrival Walmart. Hence, an emphasis on somewhat pricier and more exclusive foods serves this image well.Despite its reputation, the multiple on TGT stock is anything but upscale. Target trades at a forward P/E ratio of 12.2, well under the 19.6 forward P/E of Walmart. TGT now trades around $76 per share, and this accounts for the 26% surge the stock has experienced since its Dec. 24 low. Analysts also forecast 8% growth this year and 6.9% the next for the Minneapolis-based retailer. Moreover, the annual dividend of $2.56 per share yields about 3.4%. It has also risen for 51 consecutive years.Target's multiple may still lag that of Walmart. But with the company showing robust growth numbers and its grocery segment gaining momentum, TGT should perform well compared to other grocery stocks.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 * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 3 Grocery Stocks to Buy for Long-Term Growth Potential appeared first on InvestorPlace.
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influence over the U.S. grocery market was abundantly clear in this week's spate of quarterly retail earnings, with the big winners coming from those that are increasingly e-commerce driven and the laggards are having issues on the digital front. Online grocery sales in the U.S. are projected to increase about 26% this year, according to data aggregated by Statista, and could grow by nearly 40% by 2021. Amazon's $13.7 billion purchase of Whole Foods in the summer of 2017, adding brick-and-mortar to its prime grocery store and delivery business, has not only taken the retail giant into the heart of the food sales business, but also added immense pressure on rivals to hone their e-commerce offerings and increase their online footprints in order to win market share.
Costco earnings crushed Q2 views. Revenue slightly missed but same-store sales rose solidly. Costco stock rallied late Thursday.
The CEO discussed membership success, a focus on general merchandise, and unit growth in the company's recent earnings conference call.
Such selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 2,550,000 shares of the Company's common stock. BJ’s will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders and will bear the costs associated with the sale of such shares, other than underwriting discounts and commissions. A shelf registration statement relating to the offering was filed with the SEC on February 11, 2019 and it became effective on February 15, 2019 and a prospectus filed pursuant to Rule 424(b)(3) was filed on February 21, 2019.
BJ’s Wholesale Club Holdings, Inc. today announced that Chris Baldwin, Chairman and Chief Executive Officer, and Bob Eddy, Chief Financial and Administrative Officer, will participate in a fireside chat at the Bank of America Merrill Lynch 2019 Consumer and Retail Technology Conference at 11:20am ET on Tuesday, March 12, 2019, at the St.
BJ's Wholesale earnings and sales topped Q4 views Wednesday. BJ's Wholesale stock reversed lower. Larger rival Costco reports earnings Thursday.
Check out the companies making headlines midday Wednesday:General Electric GE — Shares of the global industrial company fell 7.9 percent Wednesday, adding to Tuesday's losses after issuing a gloomy outlook in 2019.
Abercrombie & Fitch, BJ's Wholesale Club, Qualcomm, Bristol-Myers Squibb and Uber are the companies to watch.
posted stronger-than-expected fourth quarter earnings Wednesday and issued firm 2019 guidance as U.S. retailers continue to outpace Wall Street estimates from the holiday period. Group revenues, BJ's said, slipped 3.9% to $3.42 billion, again topping the $3.36 billion estimate from Wall Street analysts. "We're pleased with our fourth quarter and full year performance, which exceeded our expectations for sales and earnings," said CEO Christopher Baldwin.
Check out the companies making headlines before the bell:General Electric GE — Bank of America/Merrill Lynch cut its price target on GE to $12 per share from $13 a share after GE CEO Larry Culp said the company's industrial cash flow would be negative this year.
Shares of BJ's Wholesale Club Holdings Inc. were indicated up over 1% in premarket trade Wednesday, after the membership-based warehouse retailer reported fiscal fourth-quarter profit and sales that beat expectations. Net income for the quarter to Feb. 2 fell to $64.3 million, or 46 cents a share, from $66.7 million, or 71 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to 44 cents from 36 cents, above the FactSet consensus of 36 cents. Total revenue declined 3.9% to $3.42 billion, but beat the FactSet consensus of $3.36 billion, as membership fee income jumped 11% to $73.1 million. Same-store sales rose 2.9%, beating expectations of 2.1% growth. For 2019, the company expects EPS of $1.42 to $1.50, surrounding the FactSet consensus of $1.47, and net sales of $12.9 billion to $13.2 billion, below expectations of $13.4 billion. The stock has rallied 12.7% over the past three months, while the SPDR S&P Retail ETF has gained 1.5% and the S&P 500 has tacked on 3.5%.
To listen to the call, dial (877)-274-0290 within the U.S. or (647)-689-5405 outside the U.S. and reference conference ID 3654578. It can be accessed by dialing (800) 585-8367 or (416) 621-4642 and referencing conference ID 3654578. Headquartered in Westborough, Massachusetts, BJ's Wholesale Club Holdings, Inc. is a leading operator of membership warehouse clubs in the Eastern United States.
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BJ's Wholesale Club Holdings was publicly traded until 2011, when private-equity firms Leonard Green & Partners L.P. and CVC Capital Partners took the company private in an all-cash deal valued at about $2.8 billion that saddled the company with more than $2 billion in debt. In November, BJ's Wholesale Club said third-quarter sales increased 4.3% to $3.2 billion.
While concerns around sluggish comps remain, a turnaround opportunity and defensive positioning make BJs Wholesale Club Holdings Inc (NYSE: BJ ) “an attractive investment idea for 2019,” according to Wells ...