WBA - Walgreens Boots Alliance, Inc.
| Previous Close | 50.90 |
| Open | 51.15 |
| Bid | 49.94 x 2900 |
| Ask | 51.27 x 1200 |
| Day's Range | 50.68 - 51.40 |
| 52 Week Range | 49.12 - 86.31 |
| Volume | 3,772,776 |
| Avg. Volume | 5,055,645 |
| Market Cap | 46.015B |
| Beta (3Y Monthly) | 0.80 |
| PE Ratio (TTM) | 9.97 |
| EPS (TTM) | 5.11 |
| Earnings Date | Oct 9, 2019 - Oct 14, 2019 |
| Forward Dividend & Yield | 1.83 (3.60%) |
| Ex-Dividend Date | 2019-08-19 |
| 1y Target Est | 57.47 |
- MarketWatch
SmileDirectClub is going public: 5 things to know about the teeth-straightening startup
Teeth-straightening startup SmileDirectClub Inc. has filed to go public. The Nashville-based company is looking to raise $100 million in its public offering, according to an S-1 the company filed last week. The company has applied to list on Nasdaq under the ticker symbol “SDC,” and J.P. Morgan and Citigroup are the lead underwriters on the deal. SmileDirectClub ships clear aligners directly to customers, whose progress is monitored remotely by licensed dentists or orthodontists.
- American City Business Journals
A year after $50M investment, PerkSpot expands its office (PHOTOS)
PerkSpot, a Chicago-based startup that makes an HR tech platform, recently expanded its River North office as it gears up to nearly double its staff in the coming months.
- InvestorPlace
Kroger Express: Kroger and Walgreens Partnership to Expand This Fall
The Kroger and Walgreens partnership is expanding this fall with more Kroger Express locations.Source: Jonathan Weiss / Shutterstock.com Kroger (NYSE:KR) and Walgreens (NASDAQ:WBA) are going to expand the pilot of Kroger Express to include locations in Knoxville, Tenn. This expansion will have 35 Walgreens stores in the area begin carrying Kroger's Our Brands products.According to a news release detailing the expanding Kroger and Walgreens partnership, many of these stores will offer roughly 2,700 products from Kroger. However, there will be some locations with a more limited selection of 2,300 goods.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe types of products that customers will be able to find at Walgreens stores through Kroger Express will range greatly. This includes meat, produce, dairy, frozen foods, Home Chef meal options and more.The Kroger and Walgreens partnership also includes other benefits for customers to take advantage of. Among these is the option for Kroger Pickup at locations that support Kroger Express. This allows customers to order products ahead of time and simply pick them up at the store.Another part of the Kroger and Walgreens partnership includes the latter's products starting to show up in the former's stores. This will have 17 Kroger locations carrying a curated selection of products from Walgreens. * 10 Marijuana Stocks to Ride High on the Farm Bill "Walgreens customers have responded very favorably to the Kroger Express pilot in Northern Kentucky," Richard Ashworth, President of Operations at Walgreens, said in a statement. "As a result, we're exploring more ways to offer customers an enhanced, more convenient shopping experience."KR stock was up 1% and WBA stock was up slightly as of Wednesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio As of this writing, William White did not hold a position in any of the aforementioned securities.The post Kroger Express: Kroger and Walgreens Partnership to Expand This Fall appeared first on InvestorPlace.
- InvestorPlace
Blue Apron Stock Continues to Leave Investors Famished
Despite its occasional short-term spikes, Blue Apron (NYSE:APRN) stock continues its trend downward. So far, new food offerings, changes in management, and a reverse stock split have failed to rescue Blue Apron stock.Demographic, lifestyle, and technology trends have helped drive demand for meal kits. As a result, one can understand the emergence of Blue Apron. However, unless APRN can find a way to stand out from its peers, any move higher by Blue Apron stock will amount to little more than selling opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Blue Apron Stock Continues to DeclineNothing seems to change for Blue Apron stock. The shares' continuous overall declines have sometimes been interrupted by temporary rebounds. Thus far, APRN has suffered a 1-15 reverse stock split in June, as well as a decline of nearly 96% from its split-adjusted IPO price of $150 per share.APRN's decision to bring in a new CEO made investors optimistic about Blue Apron stock for a short time. However, that rally quickly faded. By the way, Blue Apron also hired a new CEO in 2017. * 10 Marijuana Stocks to Ride High on the Farm Bill APRN stock also gained temporary traction when the company added products from Beyond Meat (NASDAQ:BYND) to its menu. Again, that gain quickly faded. Such behavior appears to show that every move higher by APRN stock seems to be a great time to sell the shares. Blue Apron Does Not Stand Out in the Meal-Kit BusinessThat said, investors should not confuse my criticism of APRN stock with pessimism about meal kits in general. The meal-kit market grew by 36% in under a year. InvestorPlace columnist Josh Enomoto mentioned that millennials love eating out but hate driving. As a result, by enabling consumers to order meal kits through an app, APRN has supposedly created a powerful, positive catalyst for APRN stock.However, there is a great deal of competition within the meal-kit sector, and this goes far beyond the emergence of HelloFresh, which incidentally has partnered with Walgreens Boots Alliance (NASDAQ:WBA). Larger, deep-pocketed grocers such as Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Kroger (NYSE:KR), have also entered the meal-kit business. Also, as InvestorPlace contributor Luke Lango points out, meal kits' growth could slow to the single-digit-percentage range by 2023 if estimates by Packaged Facts prove correct.Unfortunately for APRN stock bulls, nothing about Blue Apron differentiates it from any other meal-kit provider out there. And let's be honest, any halfway-motivated culinary school graduate (and some non-graduates) could develop such kits and package them. The only thing narrower than the moat for Blue Apron stock is the company's opportunity for a recovery. APRN's Financials Paint a Bleak PictureAny serious look at the company's financials confirms its challenges. Bulls may point to the 54.3% reduction in the company's per-share losses that analysts, on average, forecast for this year. However, if APRN does meet that estimate, Blue Apron will lose $4.32 per share this year instead of the $9.45 per share of losses it sustained last year.Moreover, its losses only shrunk this year because it cut its spending on marketing. These spending cuts will probably help lower its 2019 revenue to analysts' average estimate of $473.31 million. Blue Apron's top line cam in at $667.6 million in 2018.As things stand now, Wall Street analysts expect the company to continue to lose money through at least 2023. However, Blue Apron stock will fall to $0 long before that time unless Blue Apron changes its course quickly. Perhaps the company can find a way to increase revenues despite its lower marketing spending. Also, Blue Apron could attract more business by finding a large partner like Walgreens. Still, unless something changes, APRNs results will likely continue to worsen. The Bottom Line on Blue Apron StockSo far, every short-lived rally by APRN stock has proven to have been a great time to sell the shares. Blue Apron stock's lack of traction may appear strange, as it remains a well-known name in a growing industry. Meal kits should continue to grow in popularity for the foreseeable future. However, nothing is proprietary about Blue Apron's approach. Consequently, players large and small have entered this business, leaving APRN without any apparent competitive advantage.Thus far, cutting marketing spending to save money has only led to lower revenues for APRN. It is not too late for a new, unique offering or a key alliance with a larger player to rescue APRN stock. Still, as things stand now, APRN stock has produced feasting for shorts and famine for longs.Unless the company makes significant changes soon, investors with bullish positions in Blue Apron stock could be forced to get their meal kits from a soup kitchen instead of from APRN.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Blue Apron Stock Continues to Leave Investors Famished appeared first on InvestorPlace.
- Zacks
Walgreens (WBA) Expands Partnership With Retail Giant Kroger
The extended partnership deal with Kroger will help Walgreens (WBA) strengthen its market presence.
- Zacks
Walgreens Boots Alliance (WBA) Outpaces Stock Market Gains: What You Should Know
Walgreens Boots Alliance (WBA) closed at $51.16 in the latest trading session, marking a +1.35% move from the prior day.
- Market Realist
Kroger and Walgreens Expand Their Strategic Partnership
Today, Kroger (KR) and Walgreens Boots Alliance (WBA) announced the expansion of their strategic partnership. Let's look at the details.
- American City Business Journals
Kroger expands Walgreens partnership
Kroger Co. is expanding its partnership with drug store chain Walgreens to another market after its successful test of the concept in Northern Kentucky.
- Business Wire
Walgreens Honored on Fortune Magazine’s 2019 Change the World List
Company’s innovative program recognized for encouraging people to engage in healthy habits
- InvestorPlace
New Rite Aid CEO Needs More Than Amazon Partnership to Drive RAD Stock Higher
News that struggling drugstore chain Rite Aid (NYSE:RAD) has selected a new CEO wasn't the change shareholders were hoping for, if the recent RAD stock price plunge is any indication. Shares have fallen more than 20% since the 12th of August, when the company announced Heyward Donigan would be replacing John Standley as CEO, effective immediately.Source: Shutterstock Of course, poor performance may have been in the cards anyway. Rite Aid stock has been losing ground since the beginning of 2017, when Walgreens Boots Alliance (NASDAQ:WBA) first started to waffle on its plans to acquire the struggling company. By early 2018, the deal was pared back to only 1932 stores, and a price tag of only $3.6 billion.It's not enough cash for the company, now only 2500 stores strong, to buy its way out of the trouble it found itself in a few years back. Thank the competition from bigger CVS Health (NYSE:CVS) as well as Walgreens for that.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks Under $5 to Buy for Fall New leadership sometimes breathes new life into an old company though. In that light, Donigan's placement may well mark a turning point for Rite Aid, and by extension, for RAD stock.On the other hand, the crux of Rite Aid's woes aren't particularly elusive. The company lacks the scale Walgreens and CVS Health now enjoy, further exacerbating the fact that the drugstore chain has to spend too much for too little. Rite Aid Needs to Think BiggerIt's not from a lack of trying that Rite Aid has been unable to dig its way out of trouble. If nothing else, it has willingly been creative.Case in point: In June, it allowed Amazon (NASDAQ:AMZN) to establish parcel pickup lockers in 100 stores, with plans to offer online shopping deliveries at 1500 stores by the end of the year. That added foot traffic might lead more consumers into Rite Aid stores, where they just might make a separate purchase. The company is also testing telehealth options.The growth prospects of such initiatives are modest. Amazon's package pickup program may only draw a handful of additional consumers into any given store on any given day. Meanwhile, CVS plans to open actual medical clinics within 1500 of its 6200 stores by 2021 … an arguably better option than a virtual doctor's visit.Ergo, Rite Aid's biggest problem -- the aforementioned lack of scale -- remains a big problem. That is, it's not selling enough goods at the right price to adequately pay its bills. Selling stores to rival Walgreens rather than fixing those locales may have ultimately worsened the problem.Quantitative information affirms the qualitative idea. RAD Stock by the NumbersIt's curious. On a gross margin basis, Rite Aid outperforms or at least mirrors its rival pharmacy chains. In other words, the difference between its cost of merchandise and its retail price of that merchandise sold is as it should be.Where Rite Aid falls oddly short is in span between the income statement's gross profit figure and its EBITDA (earnings before interest, taxed and depreciation) figure. The pharmacy chain is only converting about half the revenue into earnings that its chief rivals are. The company's EBITDA rate, as a percentage of sales, are consistently less than half.There's only one key line between those two numbers on an income statement, by the way … selling and general/administrative expenses. Rite Aid's are considerably more than CVS Health's, and notably higher than Walgreens'. While the differences may look and feel modest for other types of industries, in the retailing arena where margins tend to be thin, the differentials are significant.Donigan's first task may be simply to figure out where that SG&A money is going.Some cost-cutting on that front may be able to restore an ever-shrinking cash flow that has limited the company's capacity to invest in its own growth. In fact, after years of steady declines, the company's operating cash flow has turned negative as of 2019. Bottom Line for RAD StockEasier said than done, to be fair. Some expenses are static and don't scale. Advertising expenses, for instance, cost from one organization to another regardless of how many stores are benefitting from those ads.Also bear in mind that Rite Aid operates a pharmacy benefits management outfit, and CVS is now teamed up with health insurer Aetna. The margin profiles described above aren't perfect apples-to-apples comparisons.These companies are akin enough to take note of the surprisingly wide scope of EBITDA margin and administration spending disparities. They're more alike than different and the numbers should be closer together.Only time will tell if patient owners of RAD stock will eventually be rewarded for that patience, just as only time will tell if Heyward Donigan will accept the fact that her company is smaller than its rivals, and must adjust accordingly where she can.There's little doubt, however, as to where and how Rite Aid is missing an opportunity. And the RAD stock price rebound may struggle to last until costs are curbed, even if culling those costs makes things tough.As of the time of this writing, James Brumley did not hold a position in any of the aforementioned securities. To learn more about James, visit his site at jamesbrumley.com, or follow him on twitter at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post New Rite Aid CEO Needs More Than Amazon Partnership to Drive RAD Stock Higher appeared first on InvestorPlace.
- MarketWatch
Kroger Express, Kroger Pickup pilot at Walgreens expanding to Knoxville
Kroger Co. said Monday that it will expand its Kroger Express and Kroger Pickup pilot program to 35 stores in the Knoxville, Tenn. area. These stores will feature items that vary by location, but will include merchandise from Kroger's Our Brands. Other items can include fresh meat and produce and Home Chef meal kits. Most will feature all of the 2,300 items found at a Kroger Express, some will include as many as 2,700 items. Kroger Pickup allows customers to order digitally and pickup in stores. The Knoxville pilot will also include an expansion of a pilot that will put Walgreens' owned-brand items like No7 in 17 Kroger stores this fall. The original pilot for this program launched in northern Kentucky last year. Kroger stock has fallen 17.6% for the year to date, Walgreens stock has has taken a 26.8% tumble, and the S&P 500 index is up 15.2% for the period.
- PR Newswire
Kroger and Walgreens to Expand Exploratory Pilot to Knoxville, Tennessee
Retailers introduce Kroger Express in 35 additional Walgreens stores and launch Walgreens' owned-brand health and beauty products in 17 Kroger stores CINCINNATI and DEERFIELD, Ill. , Aug. 19, 2019 /PRNewswire/ ...
- GuruFocus.com
Stocks That Fell to 3-Year Lows in the Week of Aug. 16
Wells Fargo tops the list Continue reading...
- GuruFocus.com
Walgreens Boots Alliance Inc (WBA) EVP, Global CAO and GC Marco Patrick Anthony Pagni Sold $10. ...
EVP, Global CAO and GC of Walgreens Boots Alliance Inc (30-Year Financial, Insider Trades) Marco Patrick Anthony Pagni (insider trades) sold 215,323 shares of WBA on 08/14/2019 at an average price of $50.48 a share. Continue reading...
- MarketWatch
Walgreens Boots, JPMorgan Chase share gains lead Dow's 262-point rally
DOW UPDATE The Dow Jones Industrial Average is rallying Friday morning with shares of Walgreens Boots and JPMorgan Chase delivering the strongest returns for the price-weighted average. Shares of Walgreens Boots (WBA) and JPMorgan Chase (JPM) have contributed to the index's intraday rally, as the Dow (DJIA) is trading 262 points (1.
- MarketWatch
Dow climbs 160 points on gains in shares of Intel, Walgreens Boots
DOW UPDATE Shares of Intel and Walgreens Boots are posting positive momentum Friday morning, lifting the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 160 points (0.
- InvestorPlace
Dow Jones Today: When Listless Is a Good Thing
A day after stocks were slammed, the major U.S. equity benchmarks struggled for direction Thursday. After some of the volatility investors have recently been coping with, today's lethargy was arguably a welcomed respite.If anything today's action was surprisingly positive when considering trade tensions are still commanding headlines. Earlier this week, there was some thawing in trade hostilities when the U.S. pledged to back off imposing tariffs set to go into effect in early September until mid-December. Additionally, it looked like the U.S. and China would at least entertain good faith talks ahead of negotiations slated to commence in a couple of weeks.However, the World Trade Organization (WTO) said today that China can seek sanctions against the U.S. for tariffs already being applied to Chinese imports. Predictably, the U.S. doesn't agree with the WTO and is vowing to appeal the ruling.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks Under $5 to Buy for Fall China is not being shy about its plans to retaliate against the U.S. should any new duties against its goods be applied next month, so trade does remain a pivotal factor for investors to watch in the coming weeks.With those factors in mind, the Nasdaq Composite losing 0.09% and the S&P 500 adding just 0.25% were performances that weren't too shabby. The Dow Jones Industrial Average rose just 0.39%, but again, that's OK given recent showings. Dow Earnings StoriesEarnings season is in its latter stages, but there were a couple of notable reports out today from Dow components. Starting with the better of the two, Walmart (NYSE:WMT) surged 6.13% on volume that was more than double the daily average, after the largest U.S. retailer reported quarterly earnings per share of $1.27, beating Wall Street's forecast by five cents.The company also said same-store sales rose 2.8%, beating the estimate of 2.07% growth. Importantly, there was some good news on the online front, too."Online sales surged 37%, in line with the previous quarter's increase and higher than the company's expectation of 35%," according to Reuters. "Walmart's online expansion has come at a cost to profitability and losses at the U.S. e-commerce business could rise to about $1.7 billion this year from $1.4 billion in 2018, according to estimates from Morgan Stanley."While Walmart was one of the Dow's best performers today, Cisco Systems (NASDAQ:CSCO) was one of the worst, slumping 8.61% on volume that was more than double the daily average in what was one of the stock's worst intraday showings in several years.Cisco gave tepid guidance for the current quarter, prompting a spate of bearish responses by sell-side analysts. At least three analysts lowered price targets on Cisco, with one warning the company may need to rein spending on stock buybacks unless it wants to take on more debt. DJIA Bottom Line: Glimmers of HopeI'll repeat what I frequently say, that being that one decent day or not-so-bad day doesn't make a trend, but there some positive vibes to consider. For one, none other than Warren Buffett continues piling into bank stocks, a group that has been battered in recent weeks.That's relevant in this space because financial services account for 15% of the Dow Jones Industrial Average, the index's third-largest sector weight behind technology and industrials.Second, consumer data in the U.S. remains buoyant, arguably too buoyant to signal an imminent recession. Yes, inverted yield curves cannot simply be glossed over, but nor can consumer spending, and its current pace, consumer data isn't flashing recession warning signs. Just two of the Dow's consumer-sensitive stocks closed lower today and one of those was Walgreens Boost Alliance (NASDAQ:WBA), a name that has been a dog and locked in a bear market for much of this year.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Dow Jones Today: When Listless Is a Good Thing appeared first on InvestorPlace.
- MarketWatch
Dow flat despite losses for shares of Cisco, Walgreens Boots
DOW UPDATE The Dow Jones Industrial Average is down Thursday morning with shares of Cisco and Walgreens Boots seeing the biggest drops for the price-weighted average. Shares of Cisco (CSCO) and Walgreens Boots (WBA) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 6 points lower (0.
- GuruFocus.com
US Indexes Close Lower Wednesday With Inverted Yield Curve Concerns
S&P; 500 down 2.93% Continue reading...
- MarketWatch
Dow Inc., Walgreens Boots share losses contribute to Dow's 730-point drop
DOW UPDATE Shares of Dow Inc. and Walgreens Boots are seeing declines Wednesday afternoon, leading the Dow Jones Industrial Average slump. The Dow (DJIA) was most recently trading 730 points, or 2.8%, lower, as shares of Dow Inc.
- MarketWatch
Dow Inc., Walgreens Boots share losses lead Dow's nearly 650-point fall
DOW UPDATE The Dow Jones Industrial Average is slumping Wednesday afternoon with shares of Dow Inc. and Walgreens Boots delivering the stiffest headwinds for the blue-chip average. The Dow (DJIA) was most recently trading 646 points lower (-2.
- MarketWatch
Dow down nearly 750 points on losses in shares of Dow Inc., Walgreens Boots
DOW UPDATE Shares of Dow Inc. and Walgreens Boots are posting losses Wednesday afternoon, leading the Dow Jones Industrial Average slump. The Dow (DJIA) was most recently trading 746 points (2.8%) lower, as shares of Dow Inc.
- MarketWatch
Dow's 636-point fall led by losses in shares of Dow Inc., Walgreens Boots
DOW UPDATE Shares of Dow Inc. and Walgreens Boots are trading lower Wednesday afternoon, propelling the Dow Jones Industrial Average into a slump. Shares of Dow Inc. (DOW) and Walgreens Boots (WBA) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 636 points (2.
- Yahoo Finance Video
Why the leading CBD oil maker CV Sciences just won a new overweight rating: CEO
Piper Jaffray initiates CV Sciences with an overweight rating and a price target that reflects an upside of more than 60%. CV Sciences CEO Joe Dowling joins Yahoo Finance's Zack Guzman and Sibile Marcellus, along with Carleton English, New York Post Hedge Fund Reporter, to discuss.
