|Bid||108.52 x 1400|
|Ask||112.85 x 900|
|Day's Range||107.76 - 109.44|
|52 Week Range||81.02 - 119.71|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
The FDA's Center for Drug Evaluation and Research unit said in a letter dated Nov. 6 that an inspection of Dollar Tree's corporate headquarters raised red flags. The regulatory body inspected Dollar Tree's head office in Chesapeake, Virginia in early January and found "violative conditions" at multiple foreign drug makers who supplied drugs to the dollar store's distribution network. The letter went on to state it found "significant violations" of current good manufacturing practice regulations for finished pharmaceuticals.
The Food and Drug Administration announced that it has issued a warning letter to Dollar Tree Inc. about potentially unsafe drugs being sold on the discount retailer's shelves. The letter, sent to Greenbrier International Inc., which does business as Dollar Tree, describes multiple violations of manufacturing practices used to produce Dollar Tree's Assured Brand over-the-counter drugs, as well as other drugs sold at Family Dollar and Dollar Tree stores. Both chains are part of the Dollar Tree portfolio. Among the violations are the receipt of inferior-quality drugs from manufacturers and contract manufacturers that received FDA warning letters in 2016, 2018, and 2019, which would place these manufacturers on import alert. Dollar Tree was made aware of these letters when they were sent. The warning letters sent to contract manufacturers "show a pattern of serious violations of the law, such as not testing raw materials or finished drugs for pathogens and quality." The FDA has made recommendations to Dollar Tree for corrective action. Dollar Tree, along with Dollar General Corp. were fined a total of $1.2 million this summer for selling obsolete, expired goods. Dollar Tree stock is up 19.6% for the year to date while the S&P 500 index is up 23.4% for the period.
The waning weeks of earnings season are upon us, which means many major retailers are next in line to open their Q3 books. As they lay out the goods, analysts will be looking for the impact of the “two Cs”—consumer spending and consumer confidence—on places known to clothe and feed those customers. Roughly 40% of consumers have already started shopping, the National Retail Federation reported recently.
The ratings on the six P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 3.0% of the current pooled balance, compared to 4.6% at Moody's last review. Moody's base expected loss plus realized losses is now 3.0% of the original pooled balance, compared to 4.5% at the last review.
In a computer-generated pattern recognition study going back to 1963, the flat base made up a third of bases among a large set of the best growth stocks.
Amazon (NASDAQ:AMZN) stock took center stage when the company reported third-quarter earnings after the bell on Oct. 24. Analysts projected revenue to come in at $68.7 billion and earnings to come in at $4.46 per share. Unfortunately, the company missed badly on earnings per share, dropping AMZN stock in after-hours trading.Source: Ioan Panaite / Shutterstock.com With Amazon continuing to pump money into their fulfillment centers, this and other ongoing issues foreshadowed an EPS miss. This is leading some to suggest that the Amazon stock price, which is down over 20% from its July high of $2,020.99, is not a buy at this point.However, I'm of the mindset that Amazon stock remains a buy today, tomorrow, and for a long time in the future.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMZN Is Doubling Down on One-Day ShippingThe company continues to pump money into their fulfillment operations. As I mentioned in an earlier article on Amazon, between 2010 and 2018, Amazon paid $61.7 billion in shipping and fulfillment costs. That equates to approximately 25% of AMZN revenues. * 7 Stocks to Buy With 100% Upside Potential Analysts are anticipating that one-day shipping will continue to be a drag on Amazon's earnings when they issue their report. However, the expression "in for a penny, in for a pound" certainly applies in this case. Rather than walking away from one-day shipping, Amazon is doubling down.Among its targets are the bargain store chains that seemed protected from Amazon's reach. The company is now offering Prime members free shipping on items that are less than $5. Amazon has stayed out of the discount chain arena for economic reasons. The postage to ship many of these items would be more costly than the item by itself.That no longer seems to be a concern with Amazon's "add on" program. This program allowed consumers to "add on" select inexpensive items to orders of $25 or more. In 2018, AMZN started listing select groups of items under $5 or $10 that could qualify for free shipping on their own. Is This a Shot at Target and Walmart as Well?Certainly companies like Dollar General (NYSE:DG) and Dollar Tree (NASDAQ:DLTR) stand to be affected. But this may also be a shot across the bow at retailers like Target (NYSE:TGT) and Walmart (NYSE:WMT).These retailers have been credited for making in-roads against Amazon. One of the reasons is because they can attract customers to purchase low-cost items either as necessities or as impulse buys. Either way, these small items were helping boost their sales numbers. That could now be in danger.More importantly, it also illustrates that Amazon is willing to do whatever it takes to ensure that consumers will never have to leave their house again. We're even talking about "boring" household items like cotton balls or toothpaste. Resistance Is FutileI'm not much of a shopper. I don't mind going to a store to pick out clothes. And I will usually opt for immediacy over convenience. So, as a customer, Amazon and I have been on two different paths. And it made me skeptical of the meteoric rise of the Amazon stock price. I mean what goes up must come down and all that jazz. At some point, customers would have to say enough is enough.But that hasn't happened. In fact, it's been quite the opposite.I live in an area that would seemingly be among the last to benefit from next-day shipping. But every day, I see Prime trucks in my subdivision, in my community, literally everywhere I go. They're not going to my house, but it doesn't matter. Amazon has cracked the code. And it appears other retailers will have no choice but to follow suit.Earlier this summer, the startup Verishop made its debut to free one-day shipping for all purchases. The company does not require a membership fee or a minimum purchase amount. It's a bold strategy that co-founder and CEO Imran Khan thinks is the future of retail. "I completely believe that over the next decade, one-day, free shipping will be standard," said Khan. "That's how the world is moving…and I think every retailer has to embrace that." Amazon Stock Continues to Build New MoatsI may not be a customer, but I'm a believer. More importantly, as an investor, I've stopped trying to second guess Amazon stock. This is a company that isn't worried about protecting its existing moats; instead, it's building new ones. There's something admirable about that. It's a bold strategy to be sure, and it may result in Amazon looking like a very different company.But at least one analyst believes the Amazon stock price could reach $3,000 by 2024. And I believe they may just be right.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With 100% Upside Potential * 7 Reasons to Buy Microsoft Stock Now * 3 Consumer Staples Stocks to Buy for Conservative Investors The post Go Long on Amazon Stock Regardless of Earnings appeared first on InvestorPlace.
(Bloomberg) -- Activist investor Starboard Value contends Box Inc. has underperformed its competitors due to a slowing growth rate and poor profitability and could be an attractive takeover target.Starboard sees the software maker as having multiple avenues to unlock value, including accelerating growth, striking a better balance between its sales growth and profitability, or potentially even seeking a buyer.“We believe this company is very, very attractive and could be acquired,” Starboard Chief Executive Officer Jeff Smith said Thursday at the C4K Investors Conference in Toronto.Box’s shares rose as much as 4.5% in New York trading. They closed up 3.7% to $16.36, giving the company a market value of $2.42 billion.Starboard disclosed a 7.5% stake in Redwood City, California-based Box last month, putting more pressure on the company, which has struggled to accelerate sales and become more profitable.Preferred AvenueSmith said later Thursday in an interview with Bloomberg TV his preferred avenue for the company to create value wasn’t through a sale. He acknowledged several potential strategic buyers, such as Adobe Inc. or Oracle Corp., along with private equity firms, may be interested in acquiring Box.A representative for Box declined to comment.Box is facing problems similar to those of other companies whose organic growth has slowed while having trouble shifting their model, Smith said. Box hasn’t met lofty sales growth targets that are common in the cloud-computing market, as it tries to transition to a broader software suite from from its current data-storage products.“The issue comes when you’re promising more growth than you’re achieving and you’re not able to pivot and balance that profitability and instead, as you may see in Box, you instead continue to spend more and more dollars chasing that growth,” Smith said. “Those companies that are reaching that level really need to also understand how to balance profitability.”Starboard has been one of the busiest activists this year, launching 10 campaigns, according to data compiled by Bloomberg. Those targets have included Dollar Tree Inc., EBay Inc., Bristol-Myers Squibb Co. and Papa John’s International Inc., where Smith was appointed chairman in February.(Updates with closing share price in fourth paragraph.)\--With assistance from Michael Bellusci, Erik Schatzker, Nico Grant and Josh Friedman.To contact the reporters on this story: Scott Deveau in New York at firstname.lastname@example.org;Hema Parmar in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alan Goldstein at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
American Eagle (AEO) keeps up with the tradition of hiring seasonal employees for the holiday season with plans to recruit nearly 10,000 part-time associates this year.
Retailers will surely be looking for green shoots of consumer spending in hopes for improved business activities during the festive period.
Dollar Tree (DLTR) is benefiting from its initiatives like the Dollar Tree Plus! test and store-optimization efforts. Also, the company's robust comps trend bodes well.
Sasser sold $8 million in shares of the discount retailer earlier this month. Dollar Tree stock recently hit a 52-week intraday high.
Checks at Dollar Tree, Inc’s (NASDAQ: DLTR ) DT Plus! test stores indicate positive customer response and competitive pricing of items, according to UBS. The Analyst UBS analyst Michael Lasser maintained ...
We at Insider Monkey have gone over 730 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of June 28th. In this article, we look at what those funds think of Dollar Tree, Inc. (NASDAQ:DLTR) based on that […]
Dollar Tree (DLTR) plans to hire more than 25,000 seasonal workers to cater to the holiday rush at its namesake and Family Dollar stores.
Dollar Tree Inc. said Wednesday that it will hire more than 25,000 permanent and seasonal associates at a jobs event it will host on October 16. The hires will span across the Dollar Tree and Family Dollar banners, and the jobs will be filled nationwide. The company has 15,000 stores across the country with plans to open hundreds of locations each year. Dollar Tree stock has rallied 35.8% over the past year, outpacing the S&P 500 index , which has gained 0.4%.
In order to increase traffic, Dollar General (DG) is focusing on both consumables and non-consumables categories. The company is also offering better-for-you products at affordable prices.
The agency is concerned about acne medications and other products from overseas manufacturers that might violate federal standards.