17.89 0.00 (0.00%)
After hours: 4:53PM EDT
|Bid||17.86 x 1000|
|Ask||18.15 x 1000|
|Day's Range||17.54 - 17.94|
|52 Week Range||17.00 - 22.22|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||15.73|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.40 (2.25%)|
|1y Target Est||22.60|
Over the next month or so, school starts up again across the United States. And for parents, that means a frenzied rush of back-to-school shopping.As investors, how can we cash in on the excitement?Obviously, Amazon (NASDAQ:AMZN) has done a number on many brick-and-mortar retailers. But others are figuring out ways to prosper despite the rapidly changing retail landscape.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Here are four retail stocks to buy as summer vacations wind down. Retail Stocks to Buy: Ross Stores (ROST)An overarching theme in the so-called retail apocalypse has been the collapse of department stores such as Sears and Bon-Ton. It has certainly been the end of an era for the traditional department-store led regional mall.But Amazon hasn't ended clothes shopping at brick-and-mortar locations; much of the traffic has moved to non-mall retailers.And no group of these has done better than the off-department store clothing chains. Ross Stores (NASDAQ:ROST) is a perfect example of this category. Ross is set up in (generally) cheaper shopping center locations offering great branded products in no-frill stores at rock-bottom prices.Though Ross is a well-oiled supply chain and laser-focused on keeping overhead down, it can thrive in the new retail landscape. Its prices are competitive - if not better - than what you find online. Ross may not have the best consumer experience, but for people hunting for a bargain, it's the place to be.At 21.5x earnings, ROST stock isn't cheap, but it's not too expensive for a firm that is still growing rapidly. Additionally, ROST stock is just now approaching its high from last fall. Once it tops that, shares should break out technically to new highs. Macerich (MAC)If you like shopping at the mall, it's worth considering buying a mall REIT operator. Be careful in what you buy, however. Lower-end mall stocks have gotten pummeled as e-commerce has crushed many malls' fortunes.Analysts see the field dividing, however, with the strong malls getting stronger while weak malls fade and ultimately close or get redeveloped.Enter Macerich (NYSE:MAC). It is one of the strongest mall operators in the U.S. Its malls generate more than $700 per square foot of retail sales - that's 40% above the national average. If you live in a large metro area, there's a great chance that either Macerich or Simon Property (NYSE:SPG) owns the most luxurious mall or two near you.Why buy Macerich over the larger Simon? For one thing, Macerich's malls average even more sales per square foot than Simon. And like its sales, its dividend yield is bigger too - MAC stock pays a juicy 8.9% dividend now, compared to a more modest 5% from Simon.MAC stock has gotten cheap because it is relatively highly-levered. Investors fretted about whether it could maintain its dividend if a recession hit. But with the economy picking up and the Fed set to cut rates, Macerich should be fine on that front. * 7 Dependable Dividend Stocks to Buy Meanwhile, they've got several development projects in the works which should boost their cash flow - and ensure the dividend's safety - going forward. When you go to the mall, if you own MAC stock, you are, in a small way, helping pay yourself a dividend as you shop. Bloomin' Brands (BLMN)While you're out doing your back-to-school shopping, you may work up an appetite. That will lead you to my favorite sub-sector within retail: the restaurants. And thankfully, there's a tasty bargain on offer in this sector right now. That would be Bloomin' Brands (NASDAQ:BLMN). Bloomin' owns Outback Steakhouse, Carrabba's, and Bonefish Grill among its trademarks.BLMN stock fell from $22 earlier this year to just $17 now in large part due to analyst downgrades. These downgrades were based on fears about the impact of African Swine Fever. This disease has stricken tens of millions of pigs in China and other neighboring countries, causing the price of pork to spike. In theory, Bloomin' will have to pay more for meat, and thus its profits will drop - or so say the analysts.In practice, however, beef - not pork - is the main product Bloomin' sells, aside from its chain focused on fish. Sure, rising pork prices will be a minor negative, but there's no reason for BLMN stock to be down 25% when pork likely makes up just a couple percent (if that) of Bloomin's costs.One of the analysts that downgraded Bloomin' also cut their rating on Chipotle (NYSE:CMG) due to swine flu fears. Chipotle responded by saying that although it indeed sells a large amount of carnitas pork, the swine fever would have an inconsequential impact on its results. CMG stock bounced back up. Bloomin' will follow once investors figure out that the swine scare is no big deal for the company. Who goes to Outback to order a pork chop anyway? PriceSmart (PSMT)You may have noticed that Costco (NASDAQ:COST) has quietly been one of the top-performing retail stocks of the past decade. It's up eight-fold, in fact, since the early 2000s.For investors that missed Costco, there's good news - a copycat has taken the Costco model to Central and South America. It's called PriceSmart (NASDAQ:PSMT), and it operates in Colombia, Panama, Costa Rica, and other such countries using the same membership and low-cost retail model.Until recently, investors took the "Costco of Latin America" label a little too seriously, and bid PriceSmart stock up to the stratosphere. It often traded above 30x earnings despite relatively slow earnings growth. A recent drop in emerging market sentiment, along with PriceSmart struggling to find good new store locations, has finally taken the stock back to a more reasonable valuation. Additionally, an earnings misssent PSMT stock down to near its 52-week lows.While PriceSmart is now priced attractively for being a standalone operation, it has also become an intriguing takeover target. Walmart (NYSE:WMT) - the largest retailer in Mexico and Central America - might take a look. It's a natural bolt-on given that Walmart already runs that type of store with its Sam's Club franchise. Falabella - Chile's dominant retailer - has been expanding northward and could use more presence in Colombia. And Exito, Colombia's leading grocery and hypermarket player, could be another potential PriceSmart buyer.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 4 Retail Stocks to Buy in Time for the Back-to-School Rush appeared first on InvestorPlace.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
Bloomin’ Brands, Inc. will release results for the fiscal second quarter ended June 30, 2019, on Wednesday, July 31, 2019, at approximately 7:00 AM EDT, which will be followed by a conference call to review its financial results at 9:00 AM EDT the same day.
Deutsche Bank’s “buy” rating for Bloomin’ Brands (BLMN) appears to have increased investors’ confidence as Bloomin’ was trading in positive territory after the announcement.
Today, Deutsche Bank initiated coverage of Bloomin’ Brands (BLMN) with a “buy” rating and a 12-month price target of $24.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Bloomin' Brands, Inc. New York, June 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bloomin' Brands, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Today we will run through one way of estimating the intrinsic value of Bloomin' Brands, Inc. (NASDAQ:BLMN) by taking...
The goal was to address an industry-wide food waste problem — the U.S. restaurant industry creates 11.4 million tons of food waste each year, according to the nonprofit ReFED. Through the partnership, Chick-fil-A places its organic material, like food scraps, into a compost container that is collected weekly and broken down into nutrient-rich soil at a compost facility. It completes the circle.” Since 2017, Let Us Compost has collected 144,000 pounds of food waste from Todd’s Beechwood and Barnett Shoals restaurants, and will soon begin the process at his third restaurant, which recently opened in downtown Athens, Chick-fil-A said.
is the owner of five well-known restaurant brands serving middle- to high-end casual dining. The broad market sell-off of May 23 knocked almost 9% off BLMN's already reasonably priced shares. At around $18.45, the stock trades now for almost 17% less than it did exactly six years earlier, when earnings per share were almost one-third lower than expected in 2019.
Bloomin' Brands Inc NASDAQ/NGS:BLMNView full report here! Summary * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for BLMN with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 4. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BLMN had net inflows of $930 million 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 | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.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.
NEW YORK , May 28, 2019 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600: Corteva Inc. (NYSE: CTVA) ...
Shares of Chipotle Mexican Grill Inc. sank 6.0% in afternoon trade Thursday, after BMO Capital turned bearish on the fast-casual Mexican food chain, citing "underappreciated" risks associated with the outbreak of African swine fever. Analyst Andrew Strelzik cut his rating to underperform from market perform, and slashed his stock price target to $620, which is about 6.5% below current levels, from $675. "African swine fever likely will create a meaningful, multi-year upswing in protein prices and the potential magnitude and duration of impact across the restaurant industry is underestimated, in our view," Strelzik wrote in a note to clients. "We believe the potential magnitude and duration of ASF impacts to margins is underappreciated and [Chipotle] is among the restaurants most at risk." He also downgraded to Bloomin' Brands Inc. to underperform and cut his price target to $18 from $23, and the stock tumbled 9.4%. Chipotle's stock was still up 53.7% year to date and Bloomin' shares have advanced 2.3%, while the S&P 500 has gained 12.0%.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end. Resistance to antibiotics has been flagged as a major risk to public health and economic growth by policymakers and the investor action formed part of global efforts to fight back by curtailing their use in the foodchain. All the companies engaged now had a formal policy in place or were expected to release one soon, and some were even outpacing the demands of increasingly tougher local regulations, the report from FAIRR seen by Reuters showed.
Clearwater’s Tech Data Corp. is the top Tampa Bay area company on the annual Fortune 500 list, ranking No. 88 with $37 billion in revenue last year. Tech Data is one of eight Tampa Bay area companies to make the list, which is in its 65th year of publication. Here is how some of Tampa Bay’s largest companies ranked this year: No. 91 – Publix Super Markets, headquartered in Lakeland, which operates 1,215 supermarkets in seven Southeast states with 202,000 employees, reported $36 billion in revenue.
Some of the Tampa Bay area’s top public companies grew their bottom lines, while others saw small losses in income.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of December 31. The results of that effort will be put on display in this article, as […]