|Bid||53.80 x 100|
|Day's Range||54.27 - 55.16|
|52 Week Range||48.56 - 79.33|
|PE Ratio (TTM)||11.26|
|Earnings Date||Aug 16, 2017|
|Dividend & Yield||2.48 (4.50%)|
|1y Target Est||58.20|
CEO Brian Cornell says it “validated the fact that stores still matter.”
The e-commerce giant agreed last month to acquire high-end grocer Whole Foods for $13.7 billion. Amazon would leverage its Prime ecosystem to cut traditionally sky-high Whole Foods prices for Prime customers. By doing so, Amazon would offer Whole Foods goods at Wal-Mart Stores Inc (NYSE:WMT) prices.
Shares of some of the world's biggest retail companies--including Macy's, Walmart, and Target--jumped on Tuesday, marking a rare day of positive trading for this struggling sector.