|Bid||23.45 x 1300|
|Ask||23.46 x 3100|
|Day's Range||23.43 - 23.84|
|52 Week Range||23.43 - 32.74|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||6.26|
|Earnings Date||Jun 19, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||0.56 (2.17%)|
|1y Target Est||28.17|
Shares of Kroger are trending after an upgrade to 'Outperform' by Bernstein. The firm raised its price to $33, citing the company's restock initiative. Bernstein says "the pieces are coming together to execute the rest of Restock Kroger and to take their position as a serious omnichannel player."
It’s been a rough couple of months for Kroger Co. shareholders. But one analyst is optimistic about where it’s headed in the future and said Kroger might be likely to make a major acquisition.
Procter & Gamble has introduced reusable packaging that includes metal or glass bottles, which will be picked up from the homes of consumers who order brands via a new e-commerce site.
Let's see if investors should buy Costco (COST) stock ahead of its quarterly earnings release on Thursday, May 30 after Walmart and Target impressed?
Eight Cincinnati-based public companies are among the largest in the world, according to the 17th annual ranking by Forbes Media.
As we saw in the April retail sales report, people continue to eat, as evidenced by the 2.1% year-over-year increase in grocery store retail sales and the 5.7% increase in food service and drinking place retail sales. It also means looking for companies that have defensive business models and enviable dividend yields. Again, people need to eat, and during periods of slowing growth, uncertainty and restrained disposable income growth, as we've seen in recent month, consumers tend to favor grocery stores over dining out.
Costco Wholesale (NASDAQ:COST) is back where it was in more ways than one. The Costco stock price has reached new all-time highs of late, eclipsing levels reached last September. And once again, COST stock, as impressive as it has been, looks like it might be getting too expensive.Source: Shutterstock It's a replay of where COST sat last September. As I wrote at the time, just a few sessions after those all-time highs, analysts had turned cautious on Costco stock. The earnings multiples driving the Costco price were at decade-long peaks just two weeks ahead of earnings.Those earnings would be solid, but COST stock sold off anyway. By mid-December, amid a market rout, it had lost a quarter of its value.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt seems unlikely that history will repeat to that extent, barring another market-wide sell-off. But COST does seem to be in a precarious position with earnings on the way next week. The reaction to the report seems likely to focus on one key metric, and the Costco stock price already is assuming quite a bit of success. * 7 Stocks to Buy for Over 20% Upside Potential Here We Go AgainThere's little question that Costco's business is one of the best in all of American industry. It's one of the few companies seemingly immune to Amazon.com (NASDAQ:AMZN), as I wrote last year. Sales growth continues to be impressive: Costco already has reported comparable sales, which included 5.4% growth in April and 6.6% through 35 weeks YTD.The question comes down to valuation. Certainly, investors so far have been rewarded for paying up for COST stock, which has tripled over the past seven years or so. But even by past standards, Costco stock is expensive, trading at 29x next year's EPS. Even historically bullish analysts haven't been able to keep up: the average target price of $250 is just a dollar above Monday's close.Again, this is pretty much exactly where COST stock sat eight months ago. And it didn't turn out well. Will this time be different? Margins and COST StockWhat will determine the answer to that question likely will be one metric: margins. Again, Costco already has disclosed same-store sales growth, so there will be little in the way of surprises on the top line. As such, it's the earnings number on which investors will focus.And margins have been a bit volatile of late. Costco beat EPS expectations by a whopping 31 cents with its Q2 report, which led COST stock higher the next day and for several weeks after. But the stock tumbled after a modest Q1 miss with analysts focusing intently on margins on the post-earnings conference call.In the current environment, that focus may only heighten. Rival Walmart (NYSE:WMT) is raising prices because of tariffs. Will Costco have to do the same? Will it be able to do the same? Or does its hyper-efficient model mean that tariff troubles at Walmart, pricing pressure at Kroger (NYSE:KR), and spending concerns at Target (NYSE:TGT) all will work to the company's advantage? Watching Costco Stock After EarningsTo be sure, it's exceedingly unlikely that the report is going to lead to a major move in Costco. Options markets at the moment price in just a 4% move between now and next Friday. Again, this is a wonderful business, and the argument will come down to valuation.But in this market, at least from a short-term standpoint, Costco does look a bit dicey. There's going to be some disruption to the company from tariffs. Walmart posted a blowout quarter and yet trades modestly below pre-earnings levels. And at nearly 30x next year's earnings, valuation may be at or near a ceiling.Longer-term, admittedly, investors still can't go wrong with Costco stock. But for even the best stocks, valuation matters. COST itself proved that back in September. And while history may not repeat, investors should remember that even a very strong quarter looks priced in.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Costco Stock Looks Dicey Now, but Solid Over the Long Term appeared first on InvestorPlace.
Kroger Stock Up after Bernstein Upgrade(Continued from Prior Part)Stock performanceAfter an upgrade from Bernstein, Kroger (KR) was trading higher today. As of 1:40 PM ET, the stock was trading 1.2% higher than yesterday’s closing price.
Kroger Stock Up after Bernstein UpgradeThe upgradeToday, Bernstein upgraded Kroger (KR) from “market perform” to “outperform,” and it also raised its 12-month price target to $33, which represents a potential upside of 37.1% from its stock
The market has rebounded after yesterday's decline as optimism over the U.S. economy offsets the trade war news. Among the stocks trending today are The Boeing Company (NYSE:BA), Alphabet Inc (NASDAQ:GOOG), Tesla Inc. (NASDAQ:TSLA), Uber Technologies, Inc. (NYSE:UBER), and The Kroger Co. (NYSE:KR) . Let's take a closer look and analyze how the smart money is positioned among each stock. Our […]
CINCINNATI, May 21, 2019 /PRNewswire/ -- The Kroger Co. (KR) and Loop, the revolutionary circular e-commerce platform developed by TerraCycle, today announced an exclusive grocery retail partnership agreement in the United States, advancing Kroger's zero-waste vision by reducing single-use plastics in the environment. Through this partnership, Kroger and Loop will pilot the new reusable packaging system, enabling customers in select markets to purchase more than 100 products from leading consumer brands that have been redesigned with durable containers. "Our commitment to innovative solutions on our path to Zero Hunger | Zero Waste aligns perfectly with Loop's mission to create a convenient circular packaging platform for consumers," said Jessica Adelman, Kroger's group vice president of corporate affairs.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Beyond Meat, Inc. (BYND) and its recent IPO that has seen it destroy Uber (UBER) and Lyft (LYFT).
Exclusive three-month beta program access now available to emerging hedge funds attending 2019 Battle of the Quants conference NEW YORK , May 20, 2019 /PRNewswire/ -- Thasos, an alternative data intelligence ...
Let's see if investors should consider buying Walmart (WMT) stock as it ramps up its fight against Amazon (AMZN).
The convenience store operator that acquired more than 750 stores from Cincinnati-based Kroger Co. last year has added 140 people at its U.S. headquarters in Cincinnati since then and has plans to move its offices to another downtown location. Meanwhile, it's growing again by recently agreeing to another acquisition.
It's time to take a look at why Target stock might be worth buying as the company heads into its first quarter 2019 earnings results on Wednesday, May 22.
Kroger Co. is teaming with a private equity firm to create a new platform to invest in consumer product brands.
The Kroger Co. (KR) and Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, today announced the formation of PearlRock Partners, a new platform that will identify, invest in and help grow the next generation of leading consumer product brands. PearlRock Partners will be one of the largest data-driven investment vehicles focused on consumer brands. The platform will be a part of Kroger’s alternative profit streams portfolio.
Greater Cincinnati stocks plunged along with the stock market Monday amid the escalating trade battle between the U.S. and China.