|Bid||23.66 x 800|
|Ask||23.74 x 4000|
|Day's Range||23.43 - 23.87|
|52 Week Range||22.44 - 32.74|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||6.29|
|Earnings Date||Jun 20, 2019|
|Forward Dividend & Yield||0.56 (2.34%)|
|1y Target Est||28.09|
Kroger (KR) exceeded analysts’ earnings expectations in the first three quarters of fiscal 2018 but lagged estimates in the fourth quarter. Its fourth-quarter adjusted EPS fell 23.8% to $0.48, lagging analysts’ expectations by $0.04.
Investing.com - The FOMC took a lot of uncertainty out of the stock market today, not only keeping rates steady but telegraphing its intention enough for a rate cut to be fully priced in for next month.
For all the headlines it caused, the two-day outage at Target (NYSE:TGT) checkouts barely registered with investors.Source: Mike Mozart via Flickr (Modified)All told, TGT stock lost about 1.5% in the past two days, after thousands of people abandoned their shopping carts and just walked out of stores over the weekend.The cash register outage came just a month after stellar earnings sent the stock shooting upward, from barely $70 per share on May 16 to nearly $90 per share a month later. The company in May said same-store sales grew 4.8% on 4.3% comparable traffic growth for the three months ending in April.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince then, Target has gone from strength to strength. It raised the dividend slightly, re-launched its in-house media company as Roundel, and announced same-day delivery through Shipt, a grocery delivery service acquired in 2017. Macro vs. Micro for TargetUnlike the massive 2013 data breach that eventually cost CEO Gregg Steinhafel his job in 2016, the two-hour outage on June 14 was seen as a problem caused by regular maintenance. A second, smaller problem processing credit cards on Father's Day was blamed on vendor NCR (NYSE:NCR). * 7 Value Stocks to Buy for the Second Half Rather than attack Target as negligent, most analysts chose to focus on how any company could be hit by such problems, given how dependent they are on giant, interconnected computing systems. There was a sigh of relief that no Target customer data was lost.Target's strategy under current CEO Brian Cornell has been to match its larger rivals in technology but differentiate itself with smaller stores inside urban centers, something Walmart (NYSE:WMT) abandoned earlier in the decade.While the fallout from the tech outage is likely to be brief, Target shares will be hit by general market turbulence. Consider that the Morgan Stanley (NYSE:MS) business conditions index is forecasting a recession ahead.A spike in jobless claims and a bad employment report for May are far more likely to impact Target shares or rivals like Walmart and Kroger (NYSE:KR) than the weekend's problems. Wait for ItIn general, conditions at stores like Target, once called "discount" stores, have been improving. Sales for May are up 3.2% year-over-year. While shopping malls continue to dwindle, stand-alone discounters like Target continue to rack up gains.Historians will note that Target itself emerged from the now-defunct Dayton-Hudson department store chain. The remaining stores rebranded as Marshall Field's and became part of what's now Macy's (NYSE:M) in 2005.Target, meanwhile, has been called Walmart's primary competitor. Even though the Arkansas-based chain is more than seven times its size, Target is more profitable. It brought $3 billion out of $75 billion in sales last year to the net income line. Compare that to $6 billion on $514 billion for Walmart. Despite this, and a dividend yielding 3.1% after its latest raise, Target currently sells for just 15 times trailing earnings. That's less than half Walmart's figure. Both are worth about 60 cents for each dollar of sales. The Bottom Line on TGT StockThe macro news is bound to overwhelm the micro news in the short term. Target's glitch is being treated as just that and, sadly, isn't a buying opportunity.If the economy doesn't collapse, Target under CEO Brian Cornell is in good shape, and a bargain for investors seeking income. If there is a recession, Target is well-positioned to get through it, but you might want to wait to see how deep the current fear goes before jumping in.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now 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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post The Target Stock Dip Was Barely a Blip appeared first on InvestorPlace.
Kroger’s (KR) sales growth has been deteriorating for the past four quarters. In the fourth quarter of fiscal 2018, which ended on February 2, 2019, Kroger’s sales fell 9.5% to $28.1 billion and lagged analysts’ estimate of $28.4 billion.
Kroger (KR) stock was down 11.4% YTD (year-to-date) on June 17. In comparison, the stocks of its peers Walmart (WMT), Target (TGT), and Costco (COST) were up 17.2%, 31.9%, and 28.3%, respectively, YTD.
Points (PTS.TO) (PCOM), the global leader in powering loyalty commerce, today announced a multi-year partnership with Home Chef, one of the largest meal kit delivery companies in the U.S. United Airlines’ MileagePlus members will now earn frequent flyer miles when they sign up and make their first Home Chef purchase. “We’re thrilled to be partnering with Points and United as our launch program,” said Rich DeNardis, Chief Revenue Officer, Home Chef. When members sign up for Home Chef’s weekly deliveries of fresh, perfectly-portioned ingredients, they combine incredible home cooking with earning more of their chosen loyalty program points or miles, starting with United Airlines’ MileagePlus.
Kroger (KR) is making investments to expand grocery offerings and e-commerce presence. However, incremental investments may keep margins under pressure.
The past year has been a rough one for Micron (NASDAQ: MU) stock investors. Shares of Micron stock are down 45% from a year ago, but long-term investors should be considering buying the dip.Source: Micron The memory market has been weak, and Micron has certainly suffered. However, there are at least three reasons why the worst has now passed for MU stock, according to Bank of America analyst Simon Woo. MU Stock Is Fairly ValuedDespite ongoing weakness in the memory market, Micron's big sell-off has the stock valued attractively. In fact, the stock has recently traded at or below projected book values for fiscal 2019 through fiscal 2021. The stock's PE ratio of 3.0, its forward PE ratio of 7.8 and its price-to-free cash flow ratio of 4.7 are all absurdly low.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Stocks to Buy for $20 or Less Sure, given the market weakness one could argue these valuation metrics deserve to be low. After all, revenue and net income were down 20.6% and 51.0% last quarter, respectively. However, assuming you believe the pricing weakness in the NAND and DRAM markets will eventually recover, Micron stock has no business at its current valuation.Many of the stocks trading at single-digit earnings multiples are facing secular, not cyclical headwinds. Companies like Macy's (NYSE: M), Kroger (NYSE: KR) and HP (NYSE: HP) arguably deserve their low single-digit earnings multiples. Micron does not. 2\. Micron Is Still ProfitableDespite a cyclical downturn in the memory market, a softening global economy and a trade war between the U.S. and China, Micron is still profitable. It's a perfect storm for Micron bears at the moment. Yet the company reported $1.42 in EPS last quarter.Maybe it will take a quarter or two for the market to stabilize and for Micron's business to return to growth. In the meantime, how much more downside can traders expect out of a stock that has relatively strong underlying fundamentals?China accounts for roughly half of Micron's sales, and the recently blacklisted Huawei accounts for 13%. Bank of America is projecting a 20% quarter-over-quarter decline in DRAM prices in the fiscal fourth quarter. Yet even though everything is going wrong for Micron, Woo says the company will likely maintain operating margins above 20%.Fiscal 2019 through 2021 EPS will be in the $3 to $5 range, according to Woo. Even assuming the $3 low end of that estimate range, it still means the stock is trading at a forward PE of under 11. Maybe there's not tremendous upside if Micron's numbers disappoint. But it's very difficult to see much wiggle room to the downside from current levels. 3\. Expectations Are Extremely LowOne of the reasons why it will take a lot for Micron to trigger additional selling volume is because expectations are already so low. Woo says Micron will likely report a modest earnings miss later this month. However, the stock is already down 12.4% in the past month and 15.7% in the past three.Woo says even a guidance cut from Micron management might not move the stock."A bearish guidance at the 3Q FY19 results call and consequent consensus estimate cuts should not be a surprise for investors," Woo said.In addition, minimal debt, positive free cash flow and disciplined capital spending provide plenty of cushion for Micron's business. The company has the financial flexibility to weather the storm."We do not expect consensus estimate cuts or bearish guidance (for Nov'19-end quarter) to be a negative surprise, given investors' low expectations," Woo sais.Finally, potential bullish catalysts, such as a trade war deal, are certainly not priced into MU stock. In fact, Woo says DRAM pricing should stabilize and begin to rise again throughout fiscal 2020. He estimates Micron will return to earnings growth beginning in the fiscal first quarter. Bottom Line on Micron StockYes, things have been bad for Micron. Yes, the memory market is still very weak. But semiconductor investors know the industry is prone to cyclical downturns. The current downturn has been rough for Micron. However, all things considered, its business has held up relatively well.Secular demand for memory hardware isn't going away anytime soon. Micron's market will improve, and investors will once again appreciate the stock's value. Traders who buy now may be getting in a bit early. But with valuation providing a near-term floor, the risk-reward balance is firmly skewed to the upside.Bank of America has a "buy" rating and $43 price target for MU stock.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 3 Reasons to Keep Ignoring Bad News and Keep Buying Buy Micron Stock appeared first on InvestorPlace.
Many retailers have had a difficult start to 2019. Grocers like Kroger, meanwhile, are seeing intensified competition from their pure-play counterparts, as well as from Target, Walmart, and all-digital entrants such as Amazon.
is expected to report adjusted net income of $589.4 million, or 71 cents a share, on sales of $37.3 billion before the market opens on Thursday, based on a FactSet survey of 18 analysts. Kroger is currently trading at a price-to-forward-earnings ratio of 10.6 based on the 12-month estimates of 19 analysts surveyed by FactSet.
The markets will be looking for guidance related to online sales and in-store foot traffic in the supermarket chain's upcoming report.
Kroger Co NYSE:KRView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for KR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding KR are favorable, with net inflows of $8.59 billion. Additionally, the rate of inflows 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 swap | NeutralThe current level displays a neutral indicator. KR credit default swap spreads are within the middle of their range for the last three years.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.
CINCINNATI, June 17, 2019 /PRNewswire/ -- The Kroger Co. (KR) today announced Kroger Technology has been named to Computerworld magazine's Top 100 Best Places to Work in IT for 2019. For the third consecutive year, Kroger's technology team has been recognized by the annual list for having an innovative, industry-leading workplace culture. "It is an inspiring time to be a part of Kroger Technology, a team leading disruption and transformation to improve the customer experience," said Yael Cosset, senior vice president and chief information officer.
Kroger Co. has quietly launched a fast-delivery grocery service, testing it first in two Greater Cincinnati stores.
INDIANAPOLIS, June 17, 2019 /PRNewswire/ -- The Kroger Co. (KR) today announced its Central division associates in Indiana ratified a new labor agreement with the United Food and Commercial Workers Union (UFCW) Local 700. As part of Restock Kroger, the Kroger Family of Companies is investing an incremental $500 million in associate wages, training and development across the business. The improvements support Kroger's continued efforts to accelerate pay and benefits.
Last week was quite eventful for the cannabis industry, with Colorado reaching $1.0 billion in sales and Kroger Co (NYSE: KR ) announcing plans to start carrying CBD products. Here’s what you should keep ...
All Veritas Farms products come from the 140-acre farm the company owns and operates in Pueblo, Colorado.
Investors will be keeping an eye on earnings reports from Adobe and others, Slack Technologies IPO on Thursday, and the Fed interest-rate decision on Wednesday.
In Canada, a committee in the House of Commons called for the decriminalization of the possession of small amounts of drugs, while the U.S. House of Representatives rejected an amendment that Rep. Alexandria Ocasio-Cortez (D-NY) had introduced, which sought to make it easier for scientists to study Schedule I controlled substances like psilocybin – found in mushrooms, MDMA and cannabis. The Church of England said its £8.3 billion ($10.5 billion) Church Commissioners for England fund would start investing in cannabis, cannabis CPG company Coda Signature closed a $24.4 million Series A funding round, and Medicine Man Technologies, Inc. (OTC: MDCL) announced the acquisition of Colombian company Green Equity S.A.S. – marking its third deal this month.
Investing.com - The Federal Reserve policy meeting is expected to be the biggest event for markets this week. Expectations for a rate cut have increased in recent weeks as President Donald Trump's trade policies fueled fears over the prospect of a U.S. recession.
Overall, the first quarter has been relatively strong for retailers, so let's look at what investors should expect from Kroger to see if they should consider buying KR stock heading into its Q1 earnings release.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.U.S. equity markets are climbing again. After weakness in May, broad market indices have rallied in June -- for reasons that aren't obvious. Earnings reports haven't been much of a driver; the earnings calendar has been light. External factors still seem somewhat bearish.It may be that fears of a trade war are being balanced by hopes for another Fed rate cut. The May sell-off may have been enough to entice investors. With Treasury yields plunging and overseas risks rising, it may be that investors simply see nowhere else to find returns.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor now, at least, investors seem willing to stick with U.S. equities. With a month to go until earnings season kicks in again, it remains to be seen whether that will remain the case.In the meantime, there are some interesting earnings reports to watch next week -- even if the calendar remains too light to move the entire market. A tech giant will try to prove its turnaround is underway. A cannabis leader will try to jumpstart a sector that has struggled in recent months. And one of the nation's most important retailers should give clues as to the health of the U.S. consumer. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Investor eyes likely will stay on politics next week, but savvy investors should keep a close eye on these earnings reports as well, even if they may not make headlines. Earnings Reports to Watch: Oracle (ORCL)Source: Shutterstock Earnings Report Date: Wednesday, June 19, after market closeSimply put, recent earnings from Oracle (NYSE:ORCL) haven't been good enough. Oracle actually has beaten expectations in the last two quarters, but revenue declined year-over-year in each period. The company's long-awaited shift to the cloud hasn't played out.Given that, ORCL stock actually has held up reasonably well, touching an all-time high earlier this year. But investor patience might be running out. I asked over a year ago whether Oracle was the next Microsoft (NASDAQ:MSFT) -- a tech giant ready to reclaim former glory -- or the next IBM (NYSE:IBM), unable to quite keep pace with the technological change around it.Oracle still hasn't answered that question, but it gets another chance on Wednesday afternoon. A big fiscal-fourth-quarter report, including some level of revenue growth, might stoke optimism and allow ORCL to reclaim those all-time highs. Anything less at a time when cloud demand should be soaring, and investors might get sick of waiting for Oracle to show progress on its turnaround. Kroger (KR)Source: Shutterstock Earnings Report Date: Thursday, June 20, before market openGrocery stores, including Kroger (NYSE:KR), plunged two years ago when Amazon.com (NASDAQ:AMZN) acquired Whole Foods Market. That deal perhaps hasn't been as transformative as some thought it might be - but since then, sentiment toward grocery stocks has appeared muted. KR stock did manage to rally from late 2017 lows -- but a 10% decline so far this year has the stock back where it traded two years ago.But what the Amazon-Whole Foods deal obscured was the fact that Kroger itself had sent the industry reeling just the day before. A disastrous fiscal Q1 report sent KR shares tumbling 18% and brought other grocery stocks down with it. As that report showed, Kroger earnings can impact its peers and even its competitors.For both Kroger and the grocery sector, Q1 FY20 results seem particularly important. Kroger reported more margin pressure with its fiscal Q4 report in March. Walmart (NYSE:WMT), Costco Wholesale (NASDAQ:COST) and even Target (NYSE:TGT) continue to show strength. A second straight miss -- particularly if accompanied by more margin pressure -- will suggest that Kroger is struggling to compete. That in turn suggests that smaller chains like Weis Markets (NYSE:WMK) and Ingles Markets (NASDAQ:IMKTA) may have their own problems going forward. * 7 High-Quality Cheap Stocks to Buy With $10 With those stocks all selling off of late, expectations for Kroger earnings likely are low. But the company will need to at least meet those expectations -- or else investors might start questioning not just KR stock, but the entire sector. Canopy Growth (CGC)Source: Shutterstock Earnings Report Date: Thursday, June 20, after market closeAfter a big rally to start 2019, shares of cannabis play Canopy Growth (NYSE:CGC) have drifted mostly downward. That includes a 20%+ decline from late April highs. Other major pot plays have seen similar trends. With growth slowing in the Canadian recreational market, and no other significant catalyst on the horizon, the optimism surrounding cannabis stocks at least seems to have moderated.We'll see if Canopy Growth -- the most valuable direct cannabis play out there -- can resurrect some of that optimism on Thursday afternoon. Certainly, Canopy earnings are likely to move the entire sector.And in the context of recent reports, Canopy is carrying a lot of weight. Aurora Cannabis (NYSE:ACB) missed revenue estimates in its fiscal Q3 last month. Cronos (NASDAQ:CRON) earnings were underwhelming.The sector clearly needs some good news. At the moment, it looks like it's up to Canopy Growth to provide it.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) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.