|Day's Range||21.91 - 22.32|
|52 Week Range||21.51 - 45.41|
|PE Ratio (TTM)||12.01|
|Dividend & Yield||1.51 (6.78%)|
|1y Target Est||N/A|
Prime Wardrobe is Amazon's latest foray into the fashion market. Should department stores be worried?
News that Amazon.com, Inc. (NASDAQ:AMZN) would buy Whole Foods Market, Inc. (NASDAQ:WFM) sent retail stocks, especially those reliant on selling food, sharply lower on June 9. For the online retailer, adding bricks and mortar assets to its retail channel makes sense strategically for the company. Market participants clearly did not expect the WFM stock acquisition.
There's more to value investing than buying stocks that look cheap.