|Bid||87.66 x 800|
|Ask||87.69 x 1400|
|Day's Range||86.65 - 87.97|
|52 Week Range||54.04 - 90.39|
|PE Ratio (TTM)||15.35|
|Earnings Date||Nov 13, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||2.56 (2.91%)|
|1y Target Est||89.06|
Amazon founder and CEO Jeff Bezos says big businesses and institutions should be scrutinized, but not vilified. Yahoo Finance's Seana Smith, Dion Rabouin, Ethan Wolff-Mann, and Pras Subramanian weigh in.
On Aug. 1, Hanesbrands Inc. (HBI) announced that it would not be renewing a contract to sell an exclusive line of Champion activewear to Target (TGT). The stock dropped more than 20% that day, because at the moment, the big-box retailer accounts for 13% of Hanesbrands total sales, and 25% in the activewear segment. Warning! GuruFocus has detected 3 Warning Signs with HBI.
We highlight three discount retailers which have performed better than the industry, courtesy of a favorable economic backdrop and solid strategies.
Same-day delivery will also include beer, wine, and spirits from participating Target stores. Shipt’s growth to the Central Coast gives nearly 350,000 households across the four metro areas access to products delivered by Shipt in as little as one hour.
As the season accounts for a sizeable chunk of yearly revenues and profits, retail bellwethers will go the extra mile to woo bargain hunters.
Analysts’ ratings for Kroger (KR) were unchanged after its Q2 results release, and it has stayed at 2.4 on a scale of 1 (“strong buy”) to 5 (“sell”). However, Credit Suisse cut the company’s price target from $33 to $32. Walmart’s (WMT), Costco’s (COST), and Target’s (TGT) ratings are 2.4, 2.0, and 2.7, respectively.
Costco (COST) has impressed with its financial performance so far this year. Costco’s high membership renewal rates and continued investment in pricing to widen the value gap between itself and its competitors have made it immune to the growing threat from e-commerce companies. Recently, analyst Karen Short of Barclays downgraded Costco stock to an “equal weight” from an “overweight,” citing the company’s high valuation.
Which Sectors Are Worried about Rising US–China Trade Tensions? Most of the $200.0 billion in Chinese imports targeted by the next round of tariffs are expected to include consumer products. With the additional $267.0 billion in product tariffs proposed by President Trump, these tariffs could eventually cover almost all imports from China.
As discussed, Kroger (KR) reported its fiscal Q2 2018 results September 13, beating analysts’ bottom-line estimate but missing their sales expectation. The sales miss was significant for investors, as competitors Walmart (WMT) and Target (TGT) had recently posted strong quarters. While Target recorded its best comps growth in 13 quarters, Walmart’s sales comps were its best in ten years. Kroger, on the other hand, once again missed analysts’ sales comps estimate despite strong macros.
American baby showers just won a reprieve from an unlikely source: President Donald Trump. The Trump administration excluded several big-ticket children’s items including playpens, car booster seats and highchairs from the final list of $200 billion of Chinese goods set for tariffs. The eleventh-hour exclusion marks a partial reprieve for American families bracing for higher prices as the mid-term elections approach and a win for companies like Target Corp. trying to capture a bigger piece of the growing U.S. baby-goods industry.
The number of openings of all types surpassed the number of hires from March through June for the first time in a decade, according to the Bureau of Labor Statistics. Kohl’s Corp. and J.C. Penney Co. started hiring seasonal workers in June—about three months earlier than usual. This year, as an added incentive, Penney’s will give its part-time hourly workers one week of paid time off a year.
As it approaches the holiday season, the retail giant looks to add 600 new employees in Albuquerque and 675 in New Mexico.
The obituaries that were written for the retail sector may have been premature. The shares of several major chain stores, including Home Depot (NYSE:HD) stock, have gained significant ground during the latest rally. Home Depot stock is now at an all-time high.
Procter & Gamble Co.’s Native deodorant brand, which gained traction as an online-only startup before being acquired by P&G last year, made its debut in Target stores today.
In fiscal Q2 2018, Kroger’s (KR) top line grew 1% YoY (year-over-year) to $27.87 billion, missing analysts’ estimate by $90 million and marking the first quarterly sales miss for the supermarket chain in eight quarters. It was also the company’s slowest growth in 11 quarters. Its total sales (excluding fuel, its divested convenience store business, and its merger with Home Chef) improved 1.8% YoY.
Just in time for the holiday season, Hatchimals is releasing the latest addition to its lineup, HatchiBabies, launching October 5. Hatchimals are egg-shaped toys that hatch to reveal a creature inside. HatchiBabies will be revealed as a boy or girl once they emerge from the egg. Hatchimals are on the "top toy" lists for the holidays at Target Corp. . And Hatchimals made the list of hot collectibles at Walmart Inc. Toy sales were up for the first half of the year thanks to the liquidation of Toys 'R' Us, according to NPD Group data. Hatchimals is hosting a launch party in Los Angeles on October 5, which has been designated Hatchimals Day. HatchiBabies will have a manufacturer's suggested retail price (MSRP) of $59.99. Hatchimals are part of the Spin Master Corp. portfolio of toys. Spin Master shares are down 2.1% for the year so far while the S&P 500 index has rallied 8.3% for the period.
Kroger (NYSE:KR) suffered an alarming decline, losing nearly 10% on Thursday. Not only that, the volatility is likely not over for Kroger stock. On paper and without context, Kroger managed a solid earnings beat for the second quarter.
Gap Inc. said Monday that it will hire 65,000 seasonal associates across its Gap, Banana Republic, Old Navy and Athleta brands for the 2018 holiday season. Workers will work in stores, in call centers, and in distribution centers. Gap didn't specify its seasonal hiring numbers last year. The company will host a hiring event on October 6 in the U.S. and on October 13 in Canada, though Athleta and the Phoenix distribution center will only accept applications online. Target Corp. and Macy's Inc. are among the other retailers who have announced their seasonal hiring plans. Gap shares have fallen 19% in 2018 while the S&P 500 index has rallied 8.4% for the period.
TV host, model, social media star and cookbook author Chrissy Teigen will add domestic lifestyle influencer to her resume when she debuts a cookware collection at Target later this month. The Cravings by Chrissy Teigen collection will feature “all the essentials that Chrissy uses to prep, cook and serve up her favorite recipes,” the company said in a statement, including a cast iron Dutch oven, serveware, cutlery and glassware. Items in the 40-piece collection range in price from $4 to $140 (for 12-piece cookware set).
Target Corp. has begun stocking Native Deodorant, an upstart brand of deodorants and soaps, in the latest example of the retailer partnering with brands that got their start online.
CENTURY CITY, Calif. , Sept. 17, 2018 /PRNewswire/ -- Television's biggest night took place in Century City, CA Sunday, September 16 th , where the entertainment industry came together for the 12 th annual ...
Online startups selling personal-care products from razors to deodorant are trying a radical new way to reach customers: the bricks-and-mortar retailer. More small, internet-only consumer brands are turning to physical retail space for growth, a shift that is happening as companies encounter the limitations of selling directly to consumers and as retailers become more open to lesser-known brands. Rising costs to advertise online are also driving brands back to stores as they find that buying shelf space, either with a dedicated store or by moving into an existing retailer, is a cheaper way to gain notice.
Microsoft (NASDAQ:MSFT) isn’t the old and boring dinosaur that we used to know. Microsoft’s advanced technology has propelled Microsoft stock higher by 32% this year and more than 50% over the past 12 months. Helping lead that drive is Microsoft’s cloud business, Azure, as it continues to rack up year-over-year revenue growth in excess of 90% each quarter.