|Bid||127.52 x 800|
|Ask||127.58 x 800|
|Day's Range||125.13 - 127.86|
|52 Week Range||60.15 - 127.97|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||20.39|
|Earnings Date||Mar 3, 2020 - Mar 9, 2020|
|Forward Dividend & Yield||2.64 (2.10%)|
|1y Target Est||136.21|
Retail giant (COST) beat Wall Street estimates—by a lot. Costco (ticker: COST) might just be a victim of its own success. Wall Street was looking for $1.71 a share from about $36.4 billion in net sales.
Shares of Amazon (AMZN) have slipped 6% in the past six months, while the S&P 500 climbed 9%. So when will Wall Street and investors start to think about buying Amazon stock again?
Shares of The Children’s Place Inc. plummeted 23.1% on Wednesday after GlobalData Retail proposed that Target Corp. could derail the relaunch of Gymboree in spring 2020. “Target, for example, has made significant share gains in kidswear and has a strong overlap with the customer base of The Children’s Place,” Neil Saunders, managing director at GlobalData Retail, said. One of Target’s (TGT) children’s brands, Cat & Jack, is a billion-dollar label.
Home Depot’s investments in stores and online set up the retailer for long-term gains, analysts say.
Best Buy's (BBY) Building the New Blue: Chapter Two plan and buyouts are likely to keep its momentum alive in the near future. Also, a raised view for fiscal 2020 bodes well.
(Bloomberg Opinion) -- Many of the retail industry’s challenges in 2020 will be familiar, such as adapting to the rise of e-commerce and trade-related uncertainty from Washington. But the lineup of CEOs navigating those conditions will include many new faces.There were more CEO exits in the retail industry in 2019 than in any year since at least 2010, according to data from Challenger, Gray & Christmas.(1)The leadership shake-ups in retail don’t appear to fit any particular pattern. There were carefully choreographed, harmonious baton passes, such as Best Buy Co. naming Corie Barry to succeed Hubert Joly. There were bombshells such as Steve Easterbrook’s abrupt ouster from McDonald’s Corp. over an inappropriate relationship with an employee. There were rebukes of poor performance, such as Art Peck’s departure from Gap Inc. And there were some left-field surprises, such as Tractor Supply Co. poaching Hal Lawton from Macy’s Inc.Retail’s recent bout of turbulence at the top is not such an outlier in corporate America; Bloomberg Opinion’s Stephen Mihm recently noted an uptick in CEO departures overall in the past few months. But it adds a certain intrigue about which retailers will end up in the winners’ circle next year.Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.CEO changes that are reason for optimism: By the time activist investor pressure finally led Bed Bath & Beyond Inc. to dump longtime CEO Steven Temares, the move was long overdue. But the board has scored by luring Mark Tritton — the chief merchant at its on-fire competitor, Target Corp. — for the job. Tritton’s experience creating covetable private-label brands and reimagining store displays are exactly what the big-box home goods chain needs. Meanwhile, though Gap has not yet named a permanent successor for the now-departed Peck, the company may be better off without a leader who tried but failed for five years to revive its flagship brand.CEO changes that are reason for pessimism: The biggest headscratcher comes from Nike Inc., which announced that CEO Mark Parker is to be replaced in January by John Donahoe, a former ServiceNow and eBay Inc. executive. Sure, Donahoe knows Nike’s business from serving on its board, but his tech-centric resume is a weird fit for a company that thrives on its marketing savvy and merchandising expertise. There is potential for trouble, too, in the leadership plans of Under Armour Inc., where founder Kevin Plank is set to relinquish the CEO title to COO Patrik Frisk in the new year. Plank is to become chairman and “brand chief,” and Frisk will still report to Plank. This set-up is reminiscent of when Ralph Lauren first tried to step back from the CEO role of his namesake company while staying on in a creative position. The fashion mogul clearly had trouble releasing the reins, and it cost the company a highly capable CEO, Stefan Larsson.(2)Elsewhere in the apparel world, Ascena Retail Group Inc., corporate parent of Ann Taylor, Lane Bryant and other brands, probably will regret tapping an insider, Gary Muto, to replace David Jaffe. This company needs the kind of total overhaul that an outsider would be better equipped to pull off.CEO changes that promise business as usual: Electronics giant Best Buy is in good hands under Barry, a veteran executive of the chain who had served as its CFO and chief strategic growth officer. Thing is, the electronics giant was already in good hands under Joly, who had steered the chain through an improbable comeback. So expect steadiness for the retailer in the year ahead —by no means a bad thing. Same goes for McDonald’s: Even though it said goodbye to a successful CEO under far more soap-operatic circumstances, his replacement, Chris Kempczinski, is a close lieutenant poised to stick to the same playbook that has fueled the fast-food giant’s recent strength.CEO change wild card: It’s understandable that Tapestry Inc.’s board had lost confidence in recently departed CEO Victor Luis. The company that used to be named Coach has been struggling to boost the Kate Spade brand it acquired in 2017, a bad sign for a company intent on transforming into a luxury conglomerate. Luis has been replaced by Jide Zeitlin, a longtime Tapestry board member. He has little experience in the retail or fashion worlds, which is concerning. But his finance industry chops could prove invaluable in future deal-making — an essential ingredient in the company’s quest for growth.(1) The Challenger data in the chart is for the retail sector only. The apparel industry, which includes manufacturers such as Nike, is a separate category that also saw a particularly high number of exits in 2019. So far, apparel has 12 CEO exits, matching the 2015 annual total that was the highest this decade. Restaurants such as McDonald’s are included in the entertainment and leisure category in Challenger’s data.(2) Lauren seems to have settled into his new role alongside current CEO Patrice Louvet, who took that job in 2017 after Larsson’s exit.To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Michael Newman at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Dillard's (DDS) benefits from trendy product offerings as well as store growth and omni-channel efforts. The launch of Carvela's mainline footwear in its stores should boost holiday sales.
Ollie's Bargain (OLLI) third-quarter earnings improve 28.1% from the year-ago period. Higher net sales and better expense management contribute to year-over-year increase.
Dollar Tree (DLTR) is grappling with soft margins, high costs and tariffs. Nevertheless, its strategic initiatives like the Dollar Tree Plus! test and store-optimization efforts are encouraging.
Target is Yahoo Finance's 2019 Company of the Year. Target COO John Mulligan explains some of the big changes he has made to Target's business this year.
The S&P 500 Dividend Aristocrats—companies that have raised their dividends every year for at least 25 years—have returned 25.8% in 2019, compared with 26.4% for the S&P 500.
While it's easy to focus on Target's clothing and food sections as major traffic drivers, there's another department that's growing at a fast pace as well, its beauty and cosmetics shops. Yahoo Finance caught up with Target CEO Brian Cornell who had a lot to say about its remodeled beauty sections.
Yahoo Finance has named Target the 2019 company of the year, and Yahoo Finance's Brian Sozzi sat down with Target COO John Mulligan to discuss how key changes have helped the company this year.