WBA - Walgreens Boots Alliance, Inc.
| Previous Close | 53.47 |
| Open | 53.34 |
| Bid | 52.75 x 3200 |
| Ask | 53.10 x 4000 |
| Day's Range | 52.64 - 53.42 |
| 52 Week Range | 52.64 - 86.31 |
| Volume | 6,291,055 |
| Avg. Volume | 7,199,280 |
| Market Cap | 48.165B |
| Beta (3Y Monthly) | 0.78 |
| PE Ratio (TTM) | 9.89 |
| EPS (TTM) | 5.33 |
| Earnings Date | Jun 26, 2019 - Jul 1, 2019 |
| Forward Dividend & Yield | 1.76 (2.78%) |
| Ex-Dividend Date | 2019-05-17 |
| 1y Target Est | 60.67 |
- CNBC Videos•2 days ago
Walgreens is raising the minimum age to buy tobacco in its stores to 21
Walgreens announced Tuesday that it will raise the minimum age to purchase tobacco in its stores to 21. This new rule will go into effect on Sep. 1, and follows calls from Sen. Majority Leader Mitch McConnell to raise the minimum smoking age to 21. CVS Health stopped selling cigarettes in its stores altogether in 2014.
- Yahoo Finance Video•3 days ago
Stocks in the green but Harley-Davidson Q1 profits fall
Stocks are on the rise as companies report Q1 earnings but Motorcycle giant Harley-Davidson Yahoo Finance's Ines Ferre reports from the NYSE.
- TheStreet.com•1 hour ago
3 Top Healthcare Stocks Ripe For the Buying
Negative headlines scare people and make for good ratings numbers. The need and desire for healthcare services is destined to grow exponentially. What's been holding back the shares of otherwise fine companies?
- Market Realist•23 hours ago
How Analysts Rate CVS Stock
What to Expect from CVS Health’s First-Quarter Results(Continued from Prior Part)Valuation summary CVS Health (CVS) stock is trading at 7.8x its 2019 estimated EPS of $6.79, which seems low given the long-term growth prospects. Barring near-term
- Market Realist•yesterday
What to Expect from CVS Health’s First-Quarter Results
What to Expect from CVS Health’s First-Quarter ResultsEarnings likely to remain pressured CVS Health (CVS) plans to announce its first-quarter results on Wednesday, May 1. Analysts’ estimates indicate that CVS Health’s top line is likely to
- MarketWatch•yesterday
Happy Returns completes $11 million financing round with PayPal among investors
Happy Returns, which provides e-commerce package return services, has completed an $11 million round of financing, and PayPal Holdings Inc. is among the investors. Happy Returns, founded in 2015, has more than 350 Return Bars in 63 U.S. metro areas and partnerships with retailers like Sur La Table and PaperSource. The company has raised $25 million since its founding. E-commerce returns have become a focus of the retail industry with companies like Walgreens Boots Alliance Inc. adding the service to thousands of its stores, and Kohl's Corp. and Amazon.com Inc. expanding their partnership for returns. PayPal stock has rallied 27.5% in 2019 while the S&P 500 index is up 16.8% for the period.
- InvestorPlace•yesterday
The New Cigarette Policy Shows Why Walgreens Stock Is Broken
Walgreens Boots Alliance (NASDAQ:WBA) is having a rough go of it lately. Walgreens stock trades at its lowest levels in almost six years. Sales are declining, so are earnings.Source: Mike Mozart via FlickrThe company's decision this week to raise the buying age for tobacco to 21 in its stores doesn't really change the case for Walgreens stock. Walgreens may be giving up some sales, but it's likely a small amount of total revenue. Cigarette sales likely aren't high-margin, either, meaning the impact on profits likely will be even smaller.But that doesn't mean the decision is immaterial to WBA stock. The problem for Walgreens, and one key reason why WBA shares have struggled so much of late, is that the company simply isn't executing well. The change in tobacco policy is just one symptom of that ongoing problem. As cheap as Walgreens stock looks, that execution needs to improve before investors look to buy the dip here.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell Before They Give Back 2019 Gains Walgreens Moves the Cigarette Age to 21Walgreens' move to raise the buying age for tobacco to 21 didn't come out of the blue. Rather, it came because the Food & Drug Administration (FDA) was breathing down the company's neck. The agency announced in February that Walgreens was the top violator among pharmacies that sell tobacco products, with 22% of locations making illegal sales.To be fair, Walgreens is the largest pharmacy seller of tobacco products by far. Rival CVS Health (NYSE:CVS) stopped selling tobacco back in 2014, and smaller Rite Aid (NYSE:RAD) now is following Walgreens' lead. At the same time, however, this is an ongoing problem for Walgreens which dates back nearly a decade and includes some 240 penalties incurred just since 2010.The inability to control tobacco sales on its own might not seem like a big problem. But in conjunction with disappointing results of late, it certainly seems like something is not working at the store level for Walgreens. Instead of simply fixing the tobacco problem and avoiding fines, Walgreens is making a blanket policy change.Again, the issue isn't necessarily financial. When CVS ended tobacco sales, on conference calls at the time it cited a 5-8 point hit to sales growth. But it also highlighted better margins: cigarette sales simply aren't that profitable.But Walgreens' current struggles mean the company needs all the help it can get. More broadly, even with WBA stock at a multi-year low, Walgreens needs a turnaround at the store level. The decision to raise the buying age isn't comforting on that front. Why WBA Stock Is Id Scraping LowsTobacco aside, Walgreens sales simply are headed in the wrong direction particularly outside of pharmacy. According to SEC filings, comparable retail sales dropped 1.0% in fiscal 2017 and 2.4% the following year. Performance has been even worse in the first two quarters of this fiscal year: a 3.5% drop including a 3.8% decline in the disappointing Q2.Admittedly, there are some industry-wide factors at play. CVS and Rite Aid are seeing similar struggles in terms of retail sales and their stock prices. CVS stock is near a six-year low, though its acquisition of Aetna hasn't helped. Rite Aid just executed a reverse stock split and trades near a ten-year low.All three chains are struggling with retail sales. Pressures from generic drug pricing are hitting pharmacy revenue but the companies aren't getting the corresponding savings on the cost side. Amazon.com (NASDAQ:AMZN) looms after its acquisition of PillPack. And grocers like Kroger (NYSE:KR) are looking to pharmacy and convenience sales to boost their own weakening growth profiles.But industry headwinds alone aren't enough of an excuse for Walgreens. Execution clearly isn't good, given declining sales. The company radically overhauled its Balance Rewards program last year. The Rite Aid acquisition hardly looks smart, given a non-zero chance Walgreens could have picked up stores out of bankruptcy. (And bear in mind that it was the FTC that kept Walgreens from acquiring the entire chain).Simply put, Walgreens needs to do better at the store level. But Walgreens Stock Is Cheap…Even with those concerns, however, Walgreens stock is tempting. WBA trades at less than 9x FY19 EPS estimates. The balance sheet is much cleaner than that of CVS post-Aetna or Rite Aid. Amazon might be a threat at some point, but so far all has been quiet on that front.Drug pricing pressures may ease at some point. It remains to be seen how PBMs (pharmacy benefit managers) will be treated, and how those changes will echo down to the retail level.The story here isn't over. All hope isn't lost, and there's an intriguing case to buy the dip here. But for WBA stock to rally, store-level performance needs to improve. And investors might want to see some evidence of that improvement before jumping in with both feet.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The New Cigarette Policy Shows Why Walgreens Stock Is Broken appeared first on InvestorPlace.
- MarketWatch•2 days ago
Walgreens and other retailers to install cameras that guess your age, gender and mood
A camera could be watching you. It’s a new technology being trotted out to retailers, where cameras try to guess your age, gender or mood as you walk by. The intent is to use the information to show you targeted real-time ads on in-store video screens.
- Zacks•2 days ago
2 Top-Notch Tech Bigwigs to Buy Ahead of Earnings
Microsoft and Amazon are well poised to for this earnings season on growing cloud infrastructure.
- MarketWatch•2 days ago
Benchmark initiates coverage of Charlotte's Web with buy rating
Benchmark initiated coverage of Colorado-based cannabis company Charlotte's Web Holdings Inc. with a buy rating and a $25 price target that is 25% above its current trading level. Analyst Mike Hickey listed a range of positives for the stock, including an early move advantage in the CBD market, a vertically integrated business model with a large 2018 hemp harves, and the rapid expansion of its retail network. "CWEB is a US market share leader and pure play in the CBD market, with an established brand, 4,000-plus domestic retail distribution locations and significant online sales," Hickey wrote in a note. The analyst also lauded the recent 2018 Farm bill, which legalized hemp, which he now expects will become a significant agricultural commodity. The company is expecting to benefit from the CBD market, which The Hemp Business Journal is expecting to become a nearly $7 billion market by 2023. Companies including CVS , Rite Aid and Walgreens have started selling CBD-infused products, although these are not yet allowed by the U.S. Food and Drug Administration. The FDA took over regulation of CBD from the DEA when hemp was legalized and it has said companies cannot add the substance to food or drinks for now. However, some companies have moved ahead anyway, as they are not expecting enforcement actions. Charlotte's Web shares have gained 81% in the year to date, while the S&P 500 has gained 11.9%.
- Business Wire•2 days ago
More Than One Million Pounds of Unwanted Medication Collected: Walgreens, Leading Health Care Organizations Reach Milestone with Safe Medication Disposal Program
Walgreens today announced updates on its comprehensive efforts to combat the opioid epidemic. The company’s first of its kind safe medication disposal program has collected and safely disposed of more than 1.2 million pounds of unwanted prescriptions, including controlled substances and other medications, reaching a significant milestone in only three years since the effort began.
- Barrons.com•2 days ago
Dow Futures Are Up, and Oh, So Close, to a Record
WEEKDAY TRADER 6:24 a.m. The Dow Jones Industrial Average looks set to open 21 points higher after closing up 145 points, or 0.6%, on Tuesday. Wednesday morning, Dow futures were up 0.2%, while S&P 500 futures were flat.
- Reuters•2 days ago
PRESS DIGEST- New York Times business news - April 24
- Drugstore chain Walgreens will stop selling tobacco products to customers under 21, the company announced on Tuesday, weeks after the Food and Drug Administration accused the company of repeatedly selling tobacco products to minors. - CBS Corp has called off the search for a new chief executive officer and extended the contract of its interim chief, Joseph Ianniello, through the end of the year, the company announced on Tuesday. - The United States Federal Aviation Administration said Tuesday that Wing, the drone-delivery unit of Alphabet Inc , had received the agency's first approval to use drones to carry and deliver packages commercially.
Reuters•2 days agoWalgreens, Rite Aid set minimum age to sell tobacco products at 21 years
U.S. Senate Majority leader Mitch McConnell last week disclosed plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18.. McConnell's proposal comes as states and cities across the United States have moved to raise the legal age for purchasing tobacco in an effort to prevent addiction at young ages. Lawmakers in New York state and Maryland have also approved legislation.
- TheStreet.com•3 days ago
Walgreens Raises Tobacco Buying Age to 21
is taking the next step in preventing youth smoking by raising the minimum age for purchasing tobacco products at its stores to 21 beginning Sept. 1. quickly followed suit saying it would implement the change within 90 days. "We've seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults," said Richard Ashworth, Walgreens president of operations.
- Associated Press•3 days ago
Business Highlights
The stock market went on a harrowing round trip the last seven months, but it may be in a healthier place after it. The S&P 500 is back to a record high for the first time since Sept. 20 after following up a nearly 20% plunge late last year with a nearly mirror-opposite rebound. The S&P 500 closed at an all-time high Tuesday, marking the stock market's recovery from a nosedive at the end of last year.
- American City Business Journals•3 days ago
Walgreens will only sell tobacco to customers over 21
Walgreens said Tuesday that it will only sell tobacco products to consumers over the age of 21. The move is in response to a recent report from the U.S. Food and Drug Administration that said the Deerfield, Illinois-based pharmacy had about 1,800 violations for selling tobacco products to kids across the United States. “We’ve seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults,” Richard Ashworth, Walgreens president of operations, said in a statement.
- CNBC•3 days ago
Rite Aid raises tobacco buying age to 21, following Walgreens' lead
Rite Aid RAD will raise the minimum age to buy tobacco products to 21 within the next 90 days, the company announced Tuesday. "Raising the age for purchasing tobacco products is an important step in our efforts to ensure that these products do not fall into the hands of children and teens," Rite Aid Chief Operating Officer Bryan Everett said in a statement.
Associated Press•3 days agoWalgreens to hike minimum age for store tobacco sales
Walgreens has decided to raise its minimum age for tobacco sales several weeks after a top federal official chastised the drugstore chain for violating laws restricting access to cigarettes and other tobacco products.
Motley Fool•3 days agoAgree Realty Corp (ADC) Q1 2019 Earnings Call Transcript
ADC earnings call for the period ending March 31, 2019.
- Benzinga•3 days ago
Walgreens Lifts Tobacco Age Limit To 21, Cigarette Stocks Mostly Unaffected
The legal age for purchasing tobacco products in the U.S. is 18, but Walgreens is setting its own policy in reaction to the FDA's specific demands for the retailer to do more in curbing underage smoking. The FDA said in early February that Walgreens is the biggest violator among pharmacy chains who sell tobacco products. Walgreens said in a press release that its new policy of restricting tobacco sales to customers over 21 can be helpful in reducing tobacco use among teens and young adults.
- MarketWatch•3 days ago
Walgreens to require customers be 21 years old to buy tobacco products
Walgreens Boots Alliance Inc. said Tuesday it will begin requiring customers to be at least 21 years old to buy tobacco products in all of its stores, starting Sept. 1. The move comes after Senate Majority Leader Mitch McConnell (Repub-Ky.) said earlier this month he will introduce legislation to raise the age to buy tobacco and vaping products to 21 from 18, although members of the military would be exempted. "We've seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults," said Richard Ashworth, Walgreens president of operations. Walgreens stock fell 0.9% in morning trade. It has tumbled 21.5% year to date, while the Dow Jones Industrial Average has gained 14.1%.
- Business Wire•3 days ago
Walgreens to Implement New Tobacco 21 Policy to Further Prevent Youth Access to Tobacco Products
Walgreens is implementing a new, chain-wide policy that will require customers to be at least 21 years old in order to purchase tobacco products in its stores, the company announced today. The policy will be effective Sept. 1, 2019, and is the most recent step in an ongoing effort to further prevent youth access to tobacco products. “We’ve seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults,” said Richard Ashworth, Walgreens president of operations.
- CNBC•3 days ago
Walgreens to raise tobacco buying age to 21 in September amid FDA pressure
The FDA put Walgreens "on notice" in February, accusing the pharmacy chain of violating rules that prohibit selling cigarettes and other tobacco products to underage buyers.
- MarketWatch•3 days ago
Kohl's will accept Amazon returns at all its stores, stock soars
Kohl's Corp. stock soared 7.7% in Tuesday trading after the retailer announced that it would now accept Amazon.com Inc. returns at all its stores. Kohl's first announced that it would pilot the returns program in September 2017, operating in 100 stores in Los Angeles, Chicago and Milwaukee. Now customers will be able to return Amazon merchandise to all 1,150 Kohl's locations. Kohl's is also carrying Amazon products in more than 200 stores. Convenient returns have become a focus for a number of companies and retailers, including Walgreens Boots Alliance Inc. , which is working with Narvar to accept returns at its locations. Kohl's stock has rallied 9.5% in 2019, while the S&P 500 index is up 16.2% for the period.
