|Bid||340.71 x 1800|
|Ask||341.49 x 1000|
|Day's Range||339.63 - 344.73|
|52 Week Range||268.00 - 345.12|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||40.78|
|Earnings Date||Sep 24, 2020|
|Forward Dividend & Yield||2.80 (0.82%)|
|Ex-Dividend Date||Jul 30, 2020|
|1y Target Est||338.48|
Costco (COST) closed at $340.91 in the latest trading session, marking a -0.7% move from the prior day.
Hostess CEO Andy Callahan chats with Yahoo Finance about what the Twinkie maker has been up to during the COVID-19 pandemic.
Kroger (NYSE:KR) stock was underperforming for years before the novel coronavirus hit. No more. It opens for trade on Aug. 7 at about $35 a share. That's a 21% gain for 2020, against 2.3% for the S&P 500 index, and 11% for Walmart (NYSE:WMT), the country's biggest grocer.Source: Jonathan Weiss / Shutterstock.com Kroger operates under dozens of brands, from Fred Meyer in Portland to Ralph's in Los Angeles, and from King Soopers in Denver to Harris Teeter in North Carolina. As a result, most people don't realize it's America's second-biggest grocery chain, with 10% of the U.S. market. Its share is twice that of Costco Wholesale (NASDAQ:COST), which has 5%, and five times that of Amazon's (NASDAQ:AMZN) Whole Foods, at 2%.Thanks to the virus, this fact has gotten through investors' heads and made Kroger a hot stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hot CompanyDuring the April quarter this also made Kroger a hot company. Sales zoomed to $41.55 billion. That's a gain of 11.5% over the same quarter of 2019. Profits also rose sharply, to $1.54 per share, up from 95 cents a year earlier.Can it do that again? The spring quarter is usually Kroger's best. Analysts are only expecting revenue of $29.3 billion when Kroger next reports earnings Sept. 17. That would still be 5% ahead of last year. Net income is expected to be 50 cents per share, up from 37 cents last year.Kroger has gone from being the forgotten store of the middle class to essential during the pandemic. The center of the market, where packaged goods like canned meat, cereal, and ketchup are located, has gone from cold to hot as well.The virus also has the media talking about Kroger again, often in the same breath as Walmart. Kroger has been bottling its own milk for years, a trend that has destroyed dairy aisle "name brands" like Dean Foods and Borden. Suddenly, the media notices. * 7 Travel Stocks to Buy Banking On Pent-Up Demand When talking about mask requirements, Kroger is also being mentioned in the same breath as Walmart. The same is true with the coin shortage. Kroger had always been there. It's just being noticed now. After the PandemicThe question for investors is, what happens after the pandemic passes? Will Kroger go back to being the forgotten home of the forgotten middle class?That depends on what the grocer does now.Kroger didn't bring out its first unified brand message until late last year. It's now combining all advertising under a single national team, which will handle all channels, and all Kroger brands. This includes streaming and internet-based ads, where Kroger data is being used to target ads on Roku (NASDAQ:ROKU) streaming boxes.More controversial are Kroger's plans for home delivery. These still focus on automated warehouses from Ocado Group (OTCMKTS:OCDDY), a British company it partnered with two years ago. It's a contrast to Walmart, which has been handling online fulfillment directly through its stores. Kroger stores do pick-up, too. They just don't do it as well. They also don't do it profitably. Ocado warehouses are designed to do it profitably. The Bottom Line on Kroger StockI spent much of last year pounding the table for Kroger stock, writing that it wasn't being appreciated and praised the Ocado deal. This was thanks to Kroger's performance through the 2010s. It still trades for 10% less than it did five years ago. From a high of $41 a share in late 2015 it fell to a low of $20 in 2017.Now it's closer to fair value. The price-to-earnings ratio is 13.5, and the 18 cents per share dividend yields 2.05%. Whether its pandemic gains are temporary or permanent is still unknown, but the slow-motion turnaround looks real.Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Once-Stuck Kroger Stock Gets Out of First Gear as Essential During Virus appeared first on InvestorPlace.
Costco crushed July sales estimates as the retailer's coronavirus recovery continues and consumers flock online to shop.
The U.S. may be in a nasty recession, but Sonos is still seeing very strong demand for its high-end smart speakers.
Costco’s July results show sales and traffic growth, even as analysts think other retailers experienced a deceleration during the month.
The stock’s recent gains have been eye popping, propelled by a new business. But the company still isn’t near what it once was.
|Maintains||Stifel: to Buy||8/6/2020|
|Maintains||Citigroup: to Neutral||8/6/2020|
|Maintains||Deutsche Bank: to Hold||7/30/2020|
|Maintains||Oppenheimer: to Outperform||7/9/2020|
|Maintains||Deutsche Bank: to Hold||7/9/2020|
|Maintains||Morgan Stanley: to Overweight||6/25/2020|
Sector(s): Consumer Defensive
Industry: Discount Stores
Full Time Employees: 149,000
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, and deli products, as well as produce; and apparel and small appliances. It also operates gas stations, pharmacies, optical dispensing centers, food courts, and hearing-aid centers; and offers business delivery, travel, and various other services online in various countries. As of September 1, 2019, the company operated 782 warehouses, including 543 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in South Korea, 13 in Taiwan, 11 in Australia, 2 in Spain, 1 in Iceland, 1 in France, and 1 in China. It also operates e-commerce Websites in the United States, Canada, the United Kingdom, Mexico, South Korea, and Taiwan. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.