|Bid||106.00 x 1000|
|Ask||106.67 x 1800|
|Day's Range||106.60 - 108.55|
|52 Week Range||60.15 - 110.94|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||17.66|
|Earnings Date||Nov 20, 2019|
|Forward Dividend & Yield||2.64 (2.45%)|
|1y Target Est||110.15|
Nike (NKE) is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. So let's see what investors should expect from the sportswear powerhouse...
(Bloomberg) -- Ever since Amazon.com Inc. bought Whole Foods in 2017 for $13.7 billion, shoppers and investors alike have wondered how the e-commerce giant would integrate the upscale grocer into its sprawling online operation. Now, after two years of tinkering, Amazon is betting big on quick delivery from Whole Foods.In August, the company began a pilot project in select cities including Denver and Portland, Oregon. Mining the purchase histories of Whole Foods shoppers who use their Prime memberships for discounts, Amazon zeroed in on items they buy routinely in physical stores. Then, the company began suggesting the same products on its main website with an enticement: free two-hour delivery. Previously, Prime subscribers looking for speedy grocery delivery needed to download a separate Prime Now app, which limited use of the service. Amazon is betting that offering the service on the main site will pull in more shoppers. The Prime Now app had only 1.8 million monthly average users in August, according to monitoring firm App Annie. Amazon’s website draws more than 200 million unique monthly visitors while its primary shopping app attracts 125 million users on average each month.As it has done before, Amazon wants to change shopping habits—in this case getting consumers more comfortable buying perishable products like bananas and yogurt online. That’s crucial if Amazon is to take on Walmart Inc. in the $840 billion U.S. grocery market.Encouraged by what it calls “very positive” customer feedback, the company has quickly extended the service to almost 30 cities, including Los Angeles, Houston and Detroit. “Most grocery customers buy the same things over and over again,” an Amazon spokeswoman said in an e-mail after Bloomberg asked about the program. “The past purchases feature enables customers to quickly add favorite products to their cart.”The industry is grappling with how best to mesh physical and online grocery stores, a topic that drew 3,000 executives to the GroceryShop conference in Las Vegas in mid-September for panels on delivery, the future of stores and consumer behavior.Despite trying upend the grocery market for more than a decade, Amazon remains a tiny player. Walmart and its Sam’s Club capture 25% of all grocery spending in the U.S., according to Morgan Stanley, compared with 2% for Amazon and Whole Foods. Walmart has more than 4,500 U.S. stores, about 10 times the number of Whole Foods locations.Meanwhile, competition is intensifying. Walmart and Target Corp. are both investing in delivery options as well as in-store pickup of online orders, all geared toward time-strapped customers looking to simplify their errands. Walmart this month announced it was expanding its $98 annual grocery delivery service to 1,400 cities, undercutting Amazon Prime's $119 annual fee.Persuading shoppers to buy fresh food online isn’t Amazon’s sole challenge. Getting groceries to customers quickly is another. Offering two-hour delivery requires Amazon to show shoppers only products that are close to them, which isn’t easy because the 25-year-old website was designed to let anyone with an internet connection buy a product anywhere in the world. For that reason, Amazon launched its two-hour delivery service Prime Now in 2015 as a separate app detached from the main website, according to a personal familiar with the matter. That enabled Amazon to get the service up and running more quickly but limited participation because users had to download a new app. Moreover, Prime Now has offered a narrow selection of convenience store-style staples. The expanded service could help solve those challenges. Shoppers in cities where the option is available see a Whole Foods storefront on Amazon’s website. The storefront offers visitors discounts to entice them to try fast delivery of perishables and shows them previous purchases they made in stores. An optional filter lets them limit their search to what’s on the shelf in nearby Whole Foods locations in case they’d rather pick up the order themselves. “Amazon has been critiqued for not making full use of the Whole Foods acquisition, and this is about to change that,” says Juozas Kaziukenas, founder of New York e-commerce research firm Marketplace Pulse. “Having local stores act as two-hour delivery hubs is exactly why Amazon acquired the company.”(Updates with Prime Now app data. )\--With assistance from Matthew Boyle.To contact the author of this story: Spencer Soper in Seattle at email@example.comTo contact the editor responsible for this story: Robin Ajello at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Target's (TGT) healthy cash flow generation capability and efficient capital allocation efforts help it to enhance shareholder value. The company announces share repurchase plan of $5 billion.
An Atlanta woman is taking on Target’s use of plastic bags in a “Theresa versus Goliath” campaign. Theresa Carter, a native of Minnesota who is now living in Atlanta, has started an entity called “Customers who care.” In April, she launched a Change.org petition urging Target Corp. (NYSE: TGT) to stop the use of plastic bags. When asked why she chose Target, she explained that she is a regular shopper at the country’s seventh largest retailer, and it has limited alternatives to its single-use plastic bags.
Over a pint of beer at a pub in London’s wealthy Belgravia district, British business tycoon Jim Ratcliffe drew up his most audacious plan yet. The billionaire founder of chemicals giant Ineos decided to resurrect the Land Rover Defender — a classic four-wheel drive off-roader based on the original 1948 model, a reliable workhorse favoured by farmers and army battalions, with the Queen among its fans. at a new factory in South Wales in Bridgend from 2021, in contrast to fellow Brexiter James Dyson, who is seeking to build a car from scratch in Singapore.
The SPDR S&P 500 ETF (NYSEARCA:SPY) hit a new 52-week high in Thursday's session, but did not do so with overwhelming confidence. We'll have to see how the action shakes out over the next few days and weeks, after the Fed cut rates on Wednesday. Here are our top stock trades. Top Stock Trades for Tomorrow 1: GogoDid this trade in Gogo (NYSE:GOGO) pay off or what? We highlighted it in early September as a top stock trade and these Twitter traders crushed it too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Shares are finally taking a breather. I want to see if the $6 level will now act as support. There it will find prior resistance and the 50-week moving average. If it does and GOGO takes out this week's high, a run to $8+ is on the table.Below $6 and Gogo will need some time to reset. Top Stock Trades for Tomorrow 2: AlibabaThis was another one we highlighted earlier this month, as Alibaba (NYSE:BABA) approached $179 to $180 resistance.With uptrend support creating a series of higher lows, this ascending triangle was prepped for a breakout. On Thursday we got that breakout, but BABA stock failed to hold much of its gains on the day.Investors now need to see if $179 to $180 will act as support. If it does, they need to see BABA then take out Thursday's highs. If it fails as support, it very well could be a failed breakout, in which case the 20-day moving average and uptrend support become the must-hold levels. Top Stock Trades for Tomorrow 3: TargetTarget (NYSE:TGT) stock continues to show impressive relative strength since reporting blowout earnings in mid-August, which is why I'm looking for it to be a market leader going forward.Shares are being buoyed by the 20-day moving average and are putting in a series of higher lows. I'm looking for a breakout over $110 now. Over $110.94 -- the prior highs -- and TGT can really gain some momentum. Top Stock Trades for Tomorrow 4: U.S. SteelU.S. Steel (NYSE:X) is keeping up the ugliness, falling more than 10% on the day.The silver lining is that shares are rallying off the lows. But with so many bearish trends, it's hard to get excited about this one. If X breaks its lows from last month, a plunge into no man's land could be next.This name doesn't excite me until it's over $13.50. Top Stock Trades for Tomorrow 5: Monster BeverageWe were looking for this one to "go" earlier this month, but each time Monster Beverage (NASDAQ:MNST) has fizzled out on its breakout attempt.The plus side is that it continues to put in higher lows, as uptrend support squeezes it higher. Let's see if shares can take out last week's highs near $59.56. If it can, the 50-day moving average and $60.50 are the next upside targets. * 8 Dividend Stocks to Buy for a Recession On the downside, see that MNST doesn't fall below $57.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOGO via options. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 5 Top Stock Trades for Friday: GOGO, BABA, TGT appeared first on InvestorPlace.
Target Corp. on Thursday announced plans to buy back another $5 billion in its own shares, the latest in a long series of bets the retailer is making on its own business.
Target stock has outshone the market this year, and a new $5 billion share-repurchase plan is the latest reward for investors who have stuck with the retailer.
Given the sharp rise in Target stock, the upside could be limited. However, we expect Target to continue to post healthy comps and earnings growth.
In fact, imposition of tariffs has left some of the retailers with no other choice than to go for selective price increases, while trying not to hurt sales during the holiday season.
The List 4 tariffs sparked concerns for the retail sector and American consumers making everyday goods expensive. Some retailers lowered outlooks for the current year due to the tariff woes.
Shares of Target Corp. were indicated up nearly 4% in premarket trading Thursday, after the discount retailer said it authorized a new $5 billion stock repurchase program. The company said it will begin buybacks under the new program once the current $5 billion is completed, which is expected in fiscal 2020. Based on Wednesday's stock closing price of $106.97, the new program could represent about 46.74 million shares, or 9.15% of the shares outstanding. Target also declared a regular quarterly dividend of 66 cents a share. That implies a dividend yield of 2.47%, compared with the yield for the SPDR S&P Retail ETF of 1.55% and the implied yield for the S&P 500 of 1.95%. Target's stock has soared 62% year to date, while the retail ETF has gained 3.3% and the S&P 500 has climbed 20%.
MINNEAPOLIS, Sept. 19, 2019 /PRNewswire/ -- Target Corporation (TGT) today announced that its board of directors has declared a quarterly dividend of 66 cents per common share. The dividend is payable December 10, 2019, to shareholders of record at the close of business November 20, 2019. The 4th quarter dividend will be the Company's 209th consecutive dividend paid since October 1967 when the Company became publicly held. Also today, Target Corporation announced that its board of directors has authorized a new $5 billion share repurchase program.
The Cheesecake Factory Inc. is ramping up hiring for a new restaurant en route to the area near Walt Disney World. The Calabasas, California-based chain (Nasdaq: CAKE) is seeking more than 300 staff members for its standalone restaurant that will go into the 450,000-square-foot Vineland Pointe shopping center being developed by New York-based O’Connor Capital Partners. This will be Cheesecake Factory's third Central Florida restaurant when it opens on Nov. 19, joining The Mall at Millenia in Orlando and in the Winter Park Village shopping center.