|Bid||104.01 x 800|
|Ask||106.89 x 1800|
|Day's Range||103.02 - 104.83|
|52 Week Range||85.54 - 118.45|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||15.40|
|Earnings Date||Mar 13, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||1.16 (1.10%)|
|1y Target Est||116.25|
Market sentiment looks like it will ring in the new year with a grouchy disposition. For 2019, portfolio-building strategies are increasingly focusing on defensive stocks. And why not? There are a host of headwinds facing stocks as we head into the new year, be it high share prices, interest rates, slowing economic growth across the world or trade uncertainty, among other negative factors. "For equity investors, risk is high and the margin of safety is low because stock valuations are elevated compared with history," Goldman Sachs Chief Equity Strategist David Kostin recently told investors. No wonder defense is in. Companies from sectors such as health care and consumer staples offer goods and services that people need no matter what the economy is doing, which leads to more reliable revenues and profits. Still, even outside those sectors, there are a few resilient blue chips that either dominate their market so completely or offer such diversified product lines that they can hang in most market environments. These are the kinds of stocks investors want to pile into. Here are seven "Strong Buy" defensive stocks to buy as we head into 2019. We used TipRanks' Stock Screener to pinpoint "safer" stocks that Wall Street's analyst community is overwhelmingly bullish on at the moment. Just remember: No stock is completely insulated from broad-market downdrafts, including these. But all seven should broadly stand up well during a longer-term period of instability. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Dollar General has been outperforming Dollar Tree as rural economies are improving while folks in the suburbs are returning to retail malls to buy more upscale items. From an equity money manager prospective, Dollar General pays a dividend, Dollar Tree does not. Dollar General's dividend is only 1.13% but at least it offers one.
To maintain a steady inventory supply, Five Below has been focusing on its distribution centers. The capital expenditure will mainly be used for new stores and the company’s planned distribution center.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Five Below (FIVE) reported a third-quarter adjusted EPS of $0.24—26.3% better than analysts’ consensus estimate. On a YoY (year-over-year) basis, the adjusted EPS rose 33.3%. Higher sales and interest income and a reduced income tax burden supported the bottom-line growth despite higher costs.
Since Five Below (FIVE) reported its strong third-quarter results on December 5, there have been two target price changes. On December 6, RBC lowered the target price from $134.00 to $120.00. Credit Suisse slashed the target price by $10.00 to $115.00. Five Below’s mean target price is $128.53, which indicates a 26.3% upside to its price as of December 6. Among the 18 analysts tracking Five Below, ~56.0% recommended a “buy,” while 44.0% recommended a “hold.”
There has only been one target price change for Ollie’s Bargain Outlet Holdings (OLLI) since it reported its strong results for the third quarter on December 4. RBC slashed OLLI’s price target to $89.00 from $95.00. We expect a few more revisions in the coming days.
As of December 4, Ollie’s Bargain Outlet Holdings (OLLI) was trading at a 12-month forward PE multiple of 42.5x. Meanwhile, Dollar General (DG), Dollar Tree (DLTR), and Five Below (FIVE) are trading at 12-month forward PEs of 15.8x, 15.0x, and 36.5x, respectively, as of December 4. A comparison of forward PEs can help investors make investment decisions for similar companies.
Ollie’s Bargain Outlet Holdings (OLLI) announced strong third-quarter results on December 4 after market hours. Despite better-than-expected results, the stock fell 5.5% in aftermarket trading that day. However, on a YTD basis, Ollie’s stock was up 63.1% as of December 4.
Ollie’s Bargain Outlet Holdings (OLLI) reported third-quarter adjusted EPS of $0.32, which was 3.2% better than analysts’ consensus estimate. On a YoY basis, adjusted EPS rose 45.4%. On a reported basis, its EPS were $0.40, up 29% YoY. Higher sales and a lower interest and income tax burden supported bottom-line growth.
Ollie’s Bargain Outlet Holdings (OLLI) reported its third quarter of fiscal 2018 results on December 4. New store openings and strong comps were the major catalysts behind the rise. Its third-quarter comps were up 4.6% against a 2.1% increase in the corresponding quarter of 2017. Ollie’s is estimating 37 net new store openings in fiscal 2018.
Like most retailers, Dollar General (DG) reported a contraction in its gross margin in the third quarter of fiscal 2018, which ended on November 2. Dollar Tree’s gross margin took a hit from a higher LIFO (“Last In, First Out”) provision, a higher proportion of consumables (which carry a lower margin than other categories), higher markdowns, and a rise in transportation costs.
Dollar General’s (DG) sales grew 8.7% to $6.42 billion in the third quarter of fiscal 2018, which ended on November 2. The company’s third-quarter sales beat analysts’ estimate of $6.38 billion.
Dollar General’s (DG) third quarter of fiscal 2018 EPS of $1.31 beat analysts’ estimate of $1.26. The company’s adjusted EPS exclude the impact of hurricanes and disaster-related expenses of $0.05 per share. Dollar General’s third-quarter adjusted EPS grew 33.7% year-over-year.
With one quarter remaining in the fiscal year, the company is forced to revise its full-year guidance due to extreme weather impacts.
For Dollar General’s (DG) third quarter of fiscal 2018, which ended on November 2, the company reported adjusted earnings and sales ahead of analysts’ expectations. As of November 4, Dollar General stock was up 11.9% year-to-date, outperforming the S&P 500 Index, which had risen 1.0%. It also performed better than rival Dollar Tree (DLTR), which is down 19.6%.