|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||74.29 - 76.30|
|52 Week Range||48.56 - 78.70|
|PE Ratio (TTM)||15.80|
|Earnings Date||Mar 6, 2018|
|Forward Dividend & Yield||2.48 (3.36%)|
|1y Target Est||75.42|
When the biggest toy retailer in the U.S. went bankrupt last September, analysts parsing through the wreckage came to the conclusion that Target would be among the biggest beneficiaries. Of the 182 Toys "R" Us stores scheduled to close in the first half of 2018, 93 percent are within a 15-minute drive of at least one Target store, UBS analyst Arpine Kocharyan said and analysts say the department-store chain should see more traffic as a result. Target has also launched a number of exclusive toys including a board game based on Bob Ross's Joy of Painting TV show and introduced a line of action figures based on characters from Netflix's (NFLX.O) smash hit "Stranger Things".
Several Target Corp. investors think the company should take a step back from trying to boost its toy sales after the fall of Toys R Us, according to a report from Reuters. When Toys R Us declared Chapter 11 bankruptcy last year, the conventional wisdom was the development could benefit Target, as the Minneapolis-based retailer already focuses plenty on babies and moms. Target already has a pretty solid toy business, and has rolled out plenty of exclusive toys and games in recent years, ranging from an Oregon Trail card game to toys based on "Star Wars" and "Stranger Things" franchises.
Amid Walmart and Amazon's private label expansions, Target's latest trademark filings reveal possible additions to its slew of new store brands in 2018
Sometimes, sympathy sell-offs in the stock market make no sense. Retail giant Walmart Inc (NYSE:WMT) reported worse than expected quarterly numbers while delivering a weaker than expected 2018 profit guide. WMT stock sunk and dragged its most direct competitor, Target Corporation (NYSE:TGT) with it. This makes TGT stock a buy.
While e-commerce sales are growing, stores will always play an important role in a retailer's overall strategy, according to Target CEO Brian Cornell.
What impacted Walmart’s EPS? Walmart (WMT) reported weaker-than-expected fiscal 4Q18 earnings (period ended January 31, 2018). Walmart’s adjusted EPS (earnings per share) of $1.33 per share missed analysts’ estimate of $1.37 due to price investments, an adverse mix as a result of a growing share of e-commerce sales, and higher transportation costs.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 20. Index (PMI) data, output in the Consumer Services sector is rising.
Walmart (WMT) reported sales of $136.3 billion in fiscal 4Q18, which easily surpassed analysts’ expectations of $134.9 billion and increased 4.1% YoY (year-over-year). Strong sales in its US business segment drove the company’s top line in fiscal 4Q18. Walmart posted improved comparable store sales or comps across all its business segments.
Fitbit (FIT) recently agreed to acquire the cloud-based health start-up Twine Health for an undisclosed amount. Twine Health was founded in 2014, and it has raised $9.8 million in funding to date, according to CrunchBase. Twine is a cloud-based health platform for chronic disease management and connects patients with doctors and health administrators.
When privately-held grocery chain Albertson’s announced earlier this week it was acquiring Rite Aid Corporation (NYSE:RAD), the buyout was tacitly scored as another victory for Amazon. See, Amazon stock owners recognized the buyout for exactly what it was: another desperate team-up to slow down the never-ending invasion of the e-commerce giant. It’s too little, too late for Rite Aid and Albertson’s to collectively regain relevancy with consumers at this point.
A guy who says he doesn't really like business now counts hundreds of executives as devotees, in Silicon Valley and beyond.
As we noted in the first part of this series, Walmart (WMT) stock fell more than 10.0% on February 20, 2018, as its e-commerce sales growth rate slowed. In October 2017, Walmart stated that it expected its fiscal 2018 e-commerce sales to reach $11.5 billion, which the company achieved. A slowdown in its digital arm’s sales growth rate was expected, as the company’s previous year’s Jet acquisition registered high growth during the first three quarters of fiscal 2018.
The mega-retailer is launching a new online home shopping experience in the coming weeks that will let users discover items based on their style. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Dion Rabouin debate whether or not this can reverse Walmart’s falling stock price.