|Bid||215.00 x 800|
|Ask||224.00 x 900|
|Day's Range||218.77 - 222.11|
|52 Week Range||150.06 - 225.48|
|PE Ratio (TTM)||32.46|
|Earnings Date||Oct 4, 2018|
|Forward Dividend & Yield||2.28 (1.02%)|
|1y Target Est||225.77|
Most of the analysts covering Target (TGT) stock continue to have a neutral outlook. Target started fiscal 2018 on a strong note. Its top line sustained growth momentum, while traffic was at a record high. Also, Target’s bottom line returned to growth during the first quarter.
Amazon (AMZN) has launched a curbside pickup service for customers who shop online for groceries at its Whole Foods stores. The service is available to Amazon Prime subscribers and is initially rolling out in Sacramento, California, and Virginia Beach, Virginia. Amazon’s curbside pickup service lets customers collect their orders from a Whole Foods store of their choice without leaving the car.
Walmart (NYSE:WMT) reports earnings before the bell on Thursday and among the top things investors should be looking at are the valuations on Walmart stock. As a result, Walmart stock has moved higher in recent years. Because Walmart now trades at a higher valuation, the earnings report will likely not bring any news that would make Walmart stock a buy.
Target (TGT) impressed investors with its first-quarter bottom-line performance. The company’s EPS returned to the growth trajectory after seeing declines over the past several quarters. Moreover, analysts expect Target to sustain growth momentum and mark double-digit growth during the fiscal second quarter, which is encouraging.
Target’s (TGT) profit margins are one area where the company has failed to impress investors recently. Higher digital fulfillment costs related to growing e-commerce sales are taking a toll on margins. Plus, price investments to remain competitive further subdued margins.
Looking at the sector performance YTD (year-to-date), the consumer discretionary sector has performed better than the consumer staples sector and the S&P 500 Index. The S&P 500 Consumer Discretionary Index (14.2%) has outperformed the S&P 500 Index (5.9%) and the S&P 500 Consumer Staples Index (loss of 7.0%) on a YTD basis.
Target (TGT) is scheduled to announce its fiscal second-quarter results on Wednesday, August 22. Analysts’ estimates for the second quarter also portray a healthy picture, as analysts expect Target’s sales and earnings to mark both YoY (year-over-year) and sequential improvements. Target’s turnaround strategies are working.
NEW YORK, NY / ACCESSWIRE / August 10, 2018 / Rite Aid made big headlines yesterday after it was revealed that the drug store chain has called off its merger with Albertsons. Shares of Costco also went into the red. Rite Aid Corporation shares closed down 11.49% yesterday on significant trading volume of almost 103 million shares.
Most of the analysts covering Costco (COST) continue to maintain a “buy” rating on the stock. Costco’s underlying business remains strong, which is reflected through its industry-leading sales growth. Costco’s improved traffic and transaction size due to value offerings, square footage expansion, and high membership renewal rates are driving the company’s sales.
The stock market was broadly higher Thursday, as the major indexes neared their record highs. IPO stock Roku broke out past a buy point.
Small family operated dairy farms with cows freely grazing on verdant pastures are going out of business as large confined animal operations with thousands of animals lined up in assembly-line fashion are expanding into the organic market. Many traditional small-scale organic farmers are determined to fight back against the industry transformation by appealing to consumers to look closely at the organic milk they buy to make sure it comes from a farm that meets the idyllic expectations portrayed on the cartons. While the large operations say they're meeting U.S. Department of Agriculture standards for organic milk, the smaller farms say federal regulators under Republican and Democratic administrations have relaxed enforcement of strict organic standards for dairy farms, allowing confinement dairies to grow and put intense competition on small family operated dairies.
Shares of Costco Wholesale (COST) have rallied past many other retailers' this year, but the stock is down after the discounter reported July comparable sales. Where we were: Costco has long been a relatively steady story–in as much as one can exist in the retail world–that's commanded a premium, and the shares have easily outperformed the market year to date. Where we're headed: Despite today's drop, it will take more than one month of sales data to derail Costco's gains, and analysts are still upbeat about the retailer.
Costco Stock: What Can Investors Expect? Costco (COST) stock was trading at a forward PE multiple of 29.9x as August 8, which is ~15% higher than its four-year average multiple of 26.1x. The company is trading significantly higher than its peers. Walmart (WMT) stock was trading a forward PE multiple of 18.6x, while Target (TGT) shares were trading at a forward PE multiple of 15.4x.
Costco (COST) has been growing its sales and earnings at a stellar rate. The company hasn’t been fazed by the growing threat from e-commerce giants. Costco’s top line has grown at an average rate of 11.9% in the past five quarters. On average, the company’s adjusted EPS increased 17.9% during the same period.
Costco (COST) has been outperforming its peers with its sales performance. On average, the company’s comparable store sales or comps have risen 9.3% each month in the past year. Costco’s comps are impressive especially at a time when other big-box retailers are finding it hard to drive their comps amid the growing threat from Amazon (AMZN).
Many investors consider Costco (NASDAQ:COST) to be overvalued and ready for a correction. Over those same 21 years, he’s reduced his Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) stake from 18,090 Class A shares in 1999 (according to the earliest year the DEF 14A is available) to 4,845 today. If he was a slightly younger man, he’d probably have kept all of his Berkshire Hathaway shares, but as I said, I can’t pretend to know what he’s thinking.
ISSAQUAH, Wash., Aug. 08, 2018-- Costco Wholesale Corporation today reported net sales of $10.59 billion for the retail month of July, the four weeks ended August 5, 2018, an increase of 10.1 percent from ...
Walmart (WMT) has quickly transformed its business in the face of increased competition from Amazon (AMZN). The company is matching Amazon on every front, be it pricing, merchandise, or services, and offering more convenience to shoppers. Walmart has grown its e-commerce business significantly in the past couple of years and continues to do so to remain competitive.
Historically, Walmart’s (WMT) bottom-line performance has been impressive despite strong margin headwinds. Walmart started the year on a strong note as its bottom line rose 14.0% during the fiscal first quarter. In the fiscal second quarter, analysts expect the company to sustain that growth momentum and for its EPS to grow 13% YoY to $1.22.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting COST. Over the last month, growth of ETFs holding COST is favorable, with net inflows of $17.99 billion.
The stock market is affected by the laws of supply and demand, Jim Cramer reminded his Mad Money viewers Tuesday. Right now, we're in the middle of a serious stock shortage, Cramer proclaimed, and that means prices will head higher. This creates a hoard of automatic buyers, Cramer said, buyers that are less inclined to sell than those who pick individual stocks.