|Bid||85.62 x 1100|
|Ask||88.00 x 800|
|Day's Range||85.53 - 86.60|
|52 Week Range||60.15 - 90.39|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||14.97|
|Forward Dividend & Yield||2.64 (3.08%)|
|1y Target Est||N/A|
General Mills, Target, Apple, Southwest Airlines and Netflix are the companies to watch.
Centers from Northgate to Tacoma are going through major changes to remain relevant in the dynamic environment that includes rising rent and employee costs as well as competing with Amazon. As the retail landscape changes, Susan Zimmerman, a retail real estate expert and senior vice president of Kidder Mathews, said the repurposing of malls is the market's biggest change. At Northgate Mall, though, retail will remain, even as it reduces its 1 million square feet by 40 percent.
(Bloomberg) -- Forever 21 Inc. has added investment bank Lazard Ltd. and law firm Kirkland & Ellis to its roster of advisers as the fashion chain tries to turn itself around, according to people with knowledge of the situation.The retailer is looking for ways to avoid becoming another victim of an industry slump that has seen a series of chains shutter stores or go out of business. A spokeswoman for Forever 21 declined to comment. Representatives for Lazard and Kirkland & Ellis didn’t provide comment.Management has been busy over the past few weeks, holding discussions with lenders including Apollo Global Management LLC and interviewing potential advisers. Forever 21 is exploring financing that would shore up its liquidity and ensure co-founder Do Won Chang maintains control, people with knowledge of the matter said earlier this month.The company, based in Los Angeles, focuses on younger shoppers looking for trendy clothes at affordable prices. Competitors from Hennes & Mauritz AB to Target Corp. to new online sellers have crowded into its niche, weighing on profits. Founded in 1984, Forever 21 now operates more than 800 stores in the U.S., Europe, Asia and Latin America, mainly in the U.S.Any pullback by the company could add to pressure on retail landlords, who are already reeling from rising vacancies as stores have gone bankrupt, sold off outlets or both. This year, Payless Inc. elected to liquidate its North American operations, while Ascena Retail Group Inc. decided to wind down its Dressbarn clothing chain. Shopping centers and Main Streets are pocked with empty storefronts.Forever 21 rents mall space from Macerich Co., Taubman Centers Inc., Simon Property Group Inc. and the Pennsylvania Real Estate Investment Trust, among others, according to filings.(Updates with store information from paragraph 3.)To contact the reporters on this story: Eliza Ronalds-Hannon in New York at firstname.lastname@example.org;Lauren Coleman-Lochner in New York at email@example.comTo contact the editors responsible for this story: Rick Green at firstname.lastname@example.org, Dan Wilchins, Christopher DeRezaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
July sales are heating up as retailers look to slow Amazon.com Inc.’s Prime Day momentum, and drive consumers to their sites with deals of their own. Amazon (AMZN) is hosting its Prime Day shopping event across two days this year, July 15 and 16. The e-commerce giant says there will be more than one million deals across 18 countries, including price discounts on televisions and Amazon devices.
Zacks.com featured highlights include: Rent-A-Center, Comcast, Group 1 Automotive, CDW and Target
Ollie's Bargain (OLLI) strong closeout merchandise availability, store growth potential and tight expense management bodes well.
Amazon announced yesterday its “Prime Day” deals would extend for a full 48 hours July 15 and 16, but eBay and Target aren’t just going to sit back and watch the dollars pile up: they’re countering with promotions of their own. CNBC reported that Amazon had failed to secure enough servers to handle the traffic surge, and the glitch prompted Amazon to launch a scaled-down back-up front page, temporarily suspend international traffic, and add servers manually.
Casey's (CASY) is on track with its Value Creation Plan, which includes fleet card program. Also, the company is benefiting from store expansion.
Target Corp. could've picked any time for its two-day summer sale. It picked July 15 and 16, the same days that Amazon is holding its annual 'Prime Day' event. And if you think that's a coincidence, go get some coffee because you're still dreaming.
Simon Property Group (SPG) navigating through the retail apocalypse by actively restructuring its portfolio, aiming at premium acquisitions and transformative redevelopments.
In this daily bar chart of TGT, below, we can see three significant price gaps. The trading volume does not show a bullish nor bearish pattern in my opinion, and the daily On-Balance-Volume (OBV) line did move above the April high but has not broken above the September peak for this indicator. The trend-following Moving Average Convergence Divergence (MACD) oscillator has recently crossed to the downside for a take-profits sell signal.
Kohl's (KSS) is losing sheen due to rising expenses and soft comps. These headwinds have compelled the company to trim view for 2019.
Two big names in their respective industries top analyst projections, while Target sets its sights on a monster rival.
Target Corp. late Tuesday announced its first-ever "Target Deal Days," scheduled for July 15 and 16, to build upon the success of last year's one-day sales event. Amazon.com Inc. had announced earlier Tuesday its Prime Day event will fall on the same dates, stretching over two days for the first time. Target's event will include "rarely-on-sale, exclusive home, apparel and toy brands" as well as discounts and new deals each day, the company said in a press release. Target's One-Day Sale last year was one of the company's biggest online sales day, the retailer said. Shares of Target and Amazon were flat in the extended session after ending the regular trading day down 1.2% and 1.9%.
We seek companies that generate high and consistent free cash flow. Much like commerce in the 13th century, patience is required to allow free cash flow to grow your capital over decades
Target (TGT) posted impressive comps in the past several quarters, which drove its top line. On average, the company's comps have increased more than 4.7% in the past six quarters.
In addition to Twitter and Square's successful IPOs, this investor has exited investments in startups that were acquired by Target, Silicon Valley Bank, Twilio and Stripe.
Well like Target (TGT) there are other prominent retailers that are riding on the wave of favorable consumer environment and strategic endeavors.
Target stock trades at a forward PE ratio of 14.5x. Target stock is trading at a discount of 37% compared to Walmart’s forward PE ratio of 23.0x.
TJX Companies (TJX) is gaining momentum on the back of strong merchandising and brand strategies combined with effective marketing efforts.
Investors target stocks that have been on a bullish run lately. Stocks seeing price strength have a high chance of carrying the momentum forward.