TGT - Target Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
88.47
+1.67 (+1.92%)
As of 1:22PM EDT. Market open.
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Previous Close87.53
Open87.42
Bid88.15 x 1800
Ask88.20 x 800
Day's Range87.11 - 88.50
52 Week Range60.15 - 90.39
Volume2,527,044
Avg. Volume5,220,501
Market Cap45.326B
Beta (3Y Monthly)0.84
PE Ratio (TTM)15.48
EPS (TTM)5.72
Earnings DateAug 21, 2019
Forward Dividend & Yield2.64 (3.04%)
Ex-Dividend Date2019-08-20
1y Target Est88.20
Trade prices are not sourced from all markets
  • Here's how much Amazon Prime Day is expected to rake in this year
    Yahoo Finance3 hours ago

    Here's how much Amazon Prime Day is expected to rake in this year

    Amazon Prime Day 2019 is more than a quarter of the way through, and analysts are already expecting this year’s sales extravaganza to be the company’s biggest yet.

  • Amazon's stock is 'not without risk': Analyst
    Yahoo Finance23 hours ago

    Amazon's stock is 'not without risk': Analyst

    Amazon may be in the middle of its Prime Day shopping bonanza, but that doesn’t mean the stock is without risk.

  • Amazon Prime Day will showcase one-day delivery
    MarketWatch1 hour ago

    Amazon Prime Day will showcase one-day delivery

    Amazon.com Inc. Prime Day is not just a big day for retail sales at the e-commerce giant, it’s also serving as a major debut for Amazon’s one-day delivery promise for Prime members. Amazon (AMZN)  announced in April that it was cutting its free two-day shipping offer in half for Prime members at a cost of $800 million in the second quarter. A quarter of the U.S. plans to purchase something during the Prime Day event, according to the latest data from YouGov, which surveyed 27,422 adults.

  • The Zacks Analyst Blog Highlights: Amazon.com, Target and Walmart
    Zacks3 hours ago

    The Zacks Analyst Blog Highlights: Amazon.com, Target and Walmart

    The Zacks Analyst Blog Highlights: Amazon.com, Target and Walmart

  • Benzinga3 hours ago

    Tuesday's Market Minute: Prime Day: The New Black Friday

    When Amazon.com, Inc. (NASDAQ: AMZN ) launched Prime Day in 2015, the e-commerce giant changed online shopping like no company before. Four years later, other mega retailers have decided to benefit from ...

  • Target Keeps Tab of Changes in Retail Landscape to Stay Afloat
    Zacks4 hours ago

    Target Keeps Tab of Changes in Retail Landscape to Stay Afloat

    Target's (TGT) strategic efforts help result in robust traffic, favorable store comps and surge in comparable digital sales.

  • Goldman Sachs: 3 Big Box Retailers Primed for Gains
    TipRanks5 hours ago

    Goldman Sachs: 3 Big Box Retailers Primed for Gains

    We hear so much about online retail that it’s easy to lose sight of some important facts: brick-and-mortar stores aren’t going to disappear completely. Customers still like to walk inside, pick up the floor model, or watch a real-life demonstration. While online retail offers convenience, brick-and-mortar offers experience.In 2018, physical retailers brought in $714 billion in sales, a 3.2% increase from 2017, compared to $679 billion in annual online retailer sales. Online’s faster growth rate, 9.6% from 2017, shows that it will soon take the lead, but brick-and-mortar’s sheer size makes a strong case for permanence.Three major big-box style retailers have recently gotten the thumbs-up from Goldman Sachs. Let’s unpack the TipRanks data, and find out why. Costco Corporation (COST)Costco has taken the club-model big-box warehouse store to its greatest success. The retailer has over 100 million members, with a 90% resubscription rate. While club membership is required to shop, Costco has benefits from high levels of repeat visits and bulk purchases; its membership shops frequently and buys a lot. The warehouse-floor layout of the stores helps keep down overhead and stocking costs, while offering high volume keeps prices down for customers.This successful model, in a colorful comparison by five-star financial blogger Luke Lango, has created an “offline version of Amazon (AMZN)… [The] loyal membership base will continue to power healthy results for the retailer for the foreseeable future…” Those results have pushed COST shares well above their average price target, prompting top analysts to reevaluate the stock in the past week.Goldman’s five-star analyst Kate McShane initiated her coverage on COST on July 11 with a buy rating and price target of $290, saying, “The club model continues to have some of the best attributes within retail.” Her target suggests a 3.36% upside to the stock’s current price; at the time she set it, the upside was almost 5%.COST has been on an upward surge as the analysts have been raising their price target on the stock. To give two examples, Loop Capital’s Laura Champine bumped her target to $300 “after [COST’s] June comps data and the encouraging sequential improvement in traffic growth in May…” while Baird’s Peter Benedict set a $290 target, saying, “[COST] is a growth staple as management continues to boost its competitive position.”Costco’s analyst consensus rating is a moderate buy, based on 9 buys and 5 holds assigned in the last three months. As mentioned above, the stock’s share price has powered through the average price target in recent trading sessions. Market analysts have begun setting new targets in the $290 to $300 range, but the average remains at $269. A $290 target will give the stock a 3.36% upside.>>Click Here to see the full list of Analyst Ratings Target Corporation (TGT)Goldman gives its best rating to Target, adding the stock to its Americas Conviction buy list. Target has been posting excellent comp sales growth in recent quarters, along with fast growth of the store’s online segment. Looking forward, Target’s upfront costs on store improvements and online initiatives will start to drop in the next few quarters, giving the company an additional boost to the bottom line.This is the background that sparked McShane’s interest in the stock, getting her to start coverage with a $102 price target. In her research note, she says, “Target is starting to benefit meaningfully from door closures, and an inflection in operating income growth should drive accelerating earnings growth.” Her price target suggests an upside of 17.5%.McShane is not the only analyst taking a favorable view of Target. After the Q1 earnings, JPMorgan’s Christopher Horvers set a $100 price target and buy rating on the stock, saying, “Target’s 4.8% comps is one of the best so far in large cap retail’s first-quarter.” Horver’s target implies a 15% upside potential for TGT.Target maintains a moderate buy from the analyst consensus, based on 6 buys and 7 holds. Shares are selling for $86.80, so the average price target of $89.18 indicates a modest 2.74% upside potential.>>Click Here to see the full list of Analyst Ratings Walmart, Inc. (WMT)Sam Walton’s retail giant has been having a good year. WMT stock is up 23% year-to-date, a solid performance built on a foundation similar to Target’s. Walmart has been streamlining in-store operations, improving reshelving and stocking times along with face-to-face customer service. The store improvements have gone hand-in-hand with an e-commerce initiative. In a creative twist, Walmart leveraged its existing network of stores to cut delivery costs from the online end – customers can purchase online, and pick-up at the store. It’s a viable and convenient option, given that almost everyone in America lives within 10 miles of a Walmart location.The company’s self-reinvention prompted McShane to note WMT’s improved same-store comp sales and traffic growth. As with Target, she also noted that the company faced front-loaded expenses when implementing the changes, but as those expenses moderate profits will improve. She believes WMT stock will continue its upward trend, and sets a $123 price target as she initiates coverage. Her target shows confidence in a 7% upside.Walmart has been attracting positive analyst attention for the past month and more. On June 24, KeyBanc’s Edward Yruma noted Walmart’s acquisition of the PhonePe P2P money transfer app, and specifically pointed out a potential $14 billion valuation in the medium term. He raised his price target by 4%, to $125, and reiterated his “continued confidence in WMT’s ability to innovate.” His price target indicates an upside of 8.7%.Overall, WMT gets another moderate buy from the analyst consensus, based on 9 buys, 2 holds, and 1 sell rating. The stock’s average price target of $115.33 gives a mere 0.3% upside to the current price of $114.98, but with analysts improving their ratings and raising targets, that upside may increase in coming weeks.>>Click Here to see the full list of Analyst RatingsThe retailers detailed here fall into two patterns for success: the warehouse membership model, and the traditional retail model with improvements. Both are viable paths to corporate success and returns for investors.Visit TipRanks’ Top Analysts page, to learn more about Wall Street’s best market watchers.

  • 3 Reasons to Buy Amazon Stock Right Now
    InvestorPlace5 hours ago

    3 Reasons to Buy Amazon Stock Right Now

    Amazon (NASDAQ:AMZN) is on fire right now, and the company continues to edge toward its $1 trillion market cap. Amazon stock has consistently outperformed its competitors by taking a customer-first approach and aggressively entering new markets.Source: ShutterstockAmazon doesn't succeed in all its endeavors and the company tends to focus on speed at the sacrifice of accuracy. But listed below are three things AMZN is getting right in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Amazon Prime DaySimilar to Black Friday, Prime Day is the company's annual shopping holiday for its Prime subscribers. Typically, the holiday comes in mid-July and offers prime members big discounts on both physical and digital products. We're in the middle of it right now.Every year, the event seems to get bigger and more elaborate and it would seem that Prime Day 2019 will be the biggest event yet. The company extended the event to 48 hours and is offering it in over 18 different countries. Even non-Prime customers can sign up for a free trial and take advantage of the savings. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Investors should care a lot about Prime Day because it's an important event for the company and will play a huge role in Amazon's third-quarter results. Last year, Prime customers worldwide purchased over 100 million products. While workers are striking during Prime Day this year, the event should still be big for Amazon stock. AMZN Stock to Offer Free One-Day ShippingWhen Amazon announced it would begin offering free one-day shipping to its Prime customers, competitors like Walmart (NYSE:WMT) and Target (NYSE:TGT) saw their stock prices plummet. The company has continually pushed the boundaries on what it offers its customers in terms of shipping.AMZN is already offering free one-day shipping on over 10 million items. And the company hasn't announced when it will be available on all items but the company will spend an additional $800 million to make it happen. It has forced Walmart, at least, to try to match the offer.This is an important move for Amazon because the company's main selling point with its customers is convenience. Unlike Target or Walmart, Amazon doesn't have a store that customers can visit if they need to pick something up. But the company does have a large fulfillment network, so faster shipping is the best way to draw in new Prime customers. Amazon Will Play a Bigger Role in the Logistics IndustryFedEx (NYSE:FDX) surprised a lot of people when it announced it wouldn't be renewing its contract with Amazon for air shipments. Other companies could follow suit though Amazon has been steadily moving away from using shipping carriers like the U.S. Postal Service and UPS (NYSE:UPS) anyway. Amazon has been preparing to enter the logistics industry for many years now. In May 2019, Amazon delivered 48% of its own shipments. By comparison, Amazon was responsible for 15% of its own shipments just a couple years ago.In 2018, the total U.S. domestic package market was $106 billion and nearly one-third of that is e-commerce shipments. This means that in the coming years, there's a ton of growth potential for Amazon's logistics business. Amazon Stock Is Still a BuyWall Street analysts expect that AMZN will report sales of $62.51 billion for its current fiscal quarter. This would be impressive enough on its own but Amazon's biggest asset is its diversity.The company is already a leader in e-commerce, digital retail and cloud computing. And Amazon never stops thinking about the future. It's always looking for the next industry to break into. This makes AMZN stock a good long-term investment and gives the company a huge competitive advantage.As of this writing, Jamie Johnson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Reasons to Buy Amazon Stock Right Now appeared first on InvestorPlace.

  • Benzinga6 hours ago

    'Fast Money' Traders Talk Retail: Costco, Target And More

    Guy Adami said on Monday's " Fast Money " he likes Costco Wholesale Corporation (NASDAQ: COST ) after hitting an-all time high. He also says Home Depot Inc (NYSE: HD ) is Amazon.com, Inc. (NASDAQ: ...

  • Porch Pirates Spot Opening in Prime Day Bonanza
    Bloomberg9 hours ago

    Porch Pirates Spot Opening in Prime Day Bonanza

    (Bloomberg) -- Amazon’s Prime Day gives shoppers an opportunity to flex their deal-spotting muscles ahead of Black Friday. It also gives package thieves their own chance to warm up.Although the weeks between Thanksgiving and Christmas see far more parcel deliveries—and therefore, more brazen from-the-stoop thefts, Prime Day’s limited 48-hour window creates a concentrated opening for “porch pirates” to make their move, said Brody Buhler, managing director of Accenture’s post and parcel industry group.It’s hard to pin down exactly how many cardboard boxes are pilfered from plain sight around the invented summer buying spree, since customers can report thefts to one of three sources—the local police department, the retailer or the mail carrier—and those reports aren’t tallied centrally. But according to research from video-doorbell company Ring, 19% of U.S. households had a package stolen at some point in 2017 with an average value of $140 per package. Nextdoor, a social-networking app for neighborhoods, says user comments about package theft spiked 85% between July 18 and 20 last year, the main delivery period for Prime Day packages.“Criminals know about Prime Day—everyone has access to the internet these days,” said James Crecco, a police captain in Jersey City, New Jersey.The police department in Jersey City partnered with Amazon in December to run a sting operation and track down package thieves after hearing from a swelling number of victims of porch piracy. Within just seven minutes of placing the first package, officers made an arrest and ultimately caught 23 robbers over an 11-day period. The department has been thinking about implementing a similar plan in the days following Prime Day, though Crecco said it was waiting to see if Amazon would partner again before renewing the program.Of course, on-the-porch delivery isn’t a new phenomenon in the U.S., with Montgomery Ward launching its dry goods mail-order business while Ulysses S. Grant was president and Sears, Roebuck and Co.’s iconic catalog serving as America’s consumer bible for a century. But the proliferation of e-commerce brought delivery of goods—and chances to pilfer them—to a whole new level. E-commerce accounted for more than 10% of all retail and food service sales in the first quarter, up from about 3% in 1999, according to the Commerce Department. Orders come in all year long, especially as grocery delivery expands, but they’re concentrated around big shopping events. During last year’s Prime Day, members bought more than 100 million products. Amazon has expanded this year’s extravaganza to 48 hours from 36 last year, with Coresight Research forecasting Amazon raking in $5.8 billion globally in sales, up from an estimated $3.9 billion in 2018.“Criminals know about Prime Day—everyone has access to the internet these days.”And that’s just the orders placed on Amazon itself. With rivals from Target Corp. to one-time mail-order king Sears itself leaning into the event, logistics providers will be extra busy in the coming days.The growth of porch piracy has led a number of states, including California, South Carolina, Michigan and New Jersey, to propose bills for stricter penalties for package thieves. In Texas, the problem became so prevalent that state representatives formed a mail theft task force in 2017 and have since passed legislation that makes certain degrees of package theft a felony. Related: Amazon Workers Plan Prime Day Strike at Minnesota WarehouseWhen packages do go missing, most major mail carriers agree to be liable for about $100, leaving the retailer to refund the remaining dollar amount or send a new item. Accenture finds that 70% of consumers won’t return to an online store after a bad delivery experience, which has retailers putting more pressure on logistics companies to give customers what they want, including tracking and delivery flexibility to ensure their wares arrive unscathed.When online shopping first became popular, the “focus was on price, then it became on free shipping, then fast shipping and now consumer-controlled shipping that can be altered until 10 minutes before the package arrives,” Accenture’s Buhler said. The demand for control over delivery comes from concerns about theft combined with increased demand for convenience, he said.Theft's a pervasive problem, and retailers have tried a variety of deterrents but are still looking for the perfect solution. For instance, to attract grocery customers, Walmart Inc. is experimenting with staffers, sporting wearable cameras, arriving in company-owned cars to unpack food in customers’ kitchens. Others are trying to leave deliveries in shoppers’ garages or the trunks of their cars. But with each new test, questions linger about privacy and efficiency, plus one-off issues like escaping pets or malfunctioning apps that deny the employee entry.Amazon itself offers Amazon Lockers, keyless entry and click-and-collect “counters” to give buyers more ways to control how they receive their orders. Amazon Logistics also gives Prime members the opportunity to track the arrival of their packages in real time and to receive a photo of where the box was dropped, the company said. A spokeswoman declined to comment further or share company data on thefts. Rising fear about package theft has helped usher in a new industry altogether: porch security. Brad Ruffkess, a former Coca-Cola Co. employee, installed security cameras at his Atlanta home and watched two boxes get stolen off of his doorstep within weeks of each other in 2017. Frustrated by the limited protection options available, Ruffkess founded BoxLock Inc., a WiFi-connected lock that lets delivery drivers place packages in secure parcel boxes outside users’ homes.BoxLock launched on Prime Day last year and sold out within hours of being posted to the Amazon website, he said. Other innovations that seek to keep porch pirates from their loot include secure parcel mailboxes, in-home package drops, Nest and Ring cameras, and alternative delivery locations through programs like UPS My Choice.“There’s still a lot more innovation to come in package security as e-commerce continues to grow,” Buhler said. “When it gets up to 20% of total shopping and there are so many more packages on people’s doorsteps, we’ll see even more innovation in protecting deliveries.”Back in Jersey City, a booming waterfront metropolis just over the Hudson River from Manhattan, package theft is evenly distributed among high and lower-income neighborhoods, Captain Crecco said, calling it one of the “rare crimes that crosses every economic demographic.” The trick to stopping it is making sure it’s not so simple to pull off for minor criminals looking for a low-effort pull. “It’s easy and criminals aren’t looking for a lot of work,” he said.To contact the author of this story: Olivia Rockeman in New York at orockeman1@bloomberg.netTo contact the editor responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Target (TGT) Stock Sinks As Market Gains: What You Should Know
    Zacks20 hours ago

    Target (TGT) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Target (TGT) closed at $86.80, marking a -0.83% move from the previous day.

  • Kroger Gains Edge, Food 4 Less Brings Home Delivery Service
    Zacks20 hours ago

    Kroger Gains Edge, Food 4 Less Brings Home Delivery Service

    Kroger's (KR) subsidiary Food 4 Less starts a new home delivery service. Groceries will be delivered at the customers' doorstep on the same day at their preferred time.

  • Target Names Hari Govind Senior Vice President of Technology Infrastructure and Operations
    PR Newswire21 hours ago

    Target Names Hari Govind Senior Vice President of Technology Infrastructure and Operations

    MINNEAPOLIS, July 15, 2019 /PRNewswire/ -- Target Corporation (TGT) has named Hari Govind as senior vice president of infrastructure and operations for the company's technology team. In this role, Govind will oversee cloud-and-compute capabilities, network connectivity and operations for the technology that powers Target's stores, digital channels, distribution centers and office locations. Govind joins Target from Facebook, where he was the group manager on the Infrastructure team, leading strategy and execution to help scale platforms for Facebook, Messenger, Instagram, WhatsApp and Oculus.

  • Amazon Shoppers Snatch Up Deals on Potato Chips and Toilet Paper
    Bloomberg21 hours ago

    Amazon Shoppers Snatch Up Deals on Potato Chips and Toilet Paper

    (Bloomberg) -- Amazon.com Inc. shoppers are snatching up potato chips, crackers, toilet paper and other non-perishable grocery store items to take advantage of the online retailer’s Prime Day deals, which could be bad news for Costco Wholesale Corp. and Walmart Inc.Sales of consumable products on Amazon during the first nine hours of Prime Day -- a two-day sale that began Monday -- are about triple what they are on a typical sales day, according to CommerceIQ, which helps hundreds of consumer brands sell products on the e-commerce site.The results show Prime Day’s appeal stretches beyond electronics, appliances and other big-ticket purchases shoppers usually put off until there’s a big promotion. Sales of car seats, appliances and toys were up four to five times a typical day, according to CommerceIQ, which is about the usual rate for a sales event.Shoppers will spend $5.8 billion on Amazon over the two days, according to an estimate from Coresight Research. That’s an 11% increase from last year’s 36-hour sale when converted to spending per hour. Amazon launched Prime Day in 2015 as a way to lure new Prime members, who pay monthly or yearly fees in exchange for shipping discounts and other perks like video streaming.The uptick in spending shows Amazon Prime Day continues to have strong appeal to shoppers despite competing sales events offered by rivals from Walmart to Target Corp. and EBay Inc.Amazon doesn’t disclose specific sales information about Prime Day. Some companies are able to gain insights through their own sales on the site or estimations based on sales rankings and other information Amazon discloses.To contact the reporter on this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reutersyesterday

    UPDATE 3-Amazon rivals ride on Prime Day marketing as protests unfold

    Amazon.com Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver of sales. Walmart Inc, Target Corp and eBay Inc all run their own special promotions to coincide with the annual sale, which this year Amazon has stretched to two days. Target announced deal days which will run on the same days as Prime Day - July 15 and 16.

  • 9 Retail Stocks Goldman Sachs Says Are Ready to Rip
    InvestorPlaceyesterday

    9 Retail Stocks Goldman Sachs Says Are Ready to Rip

    Retail stocks have been a tough trade in 2019. While the S&P 500 is up nearly 20% year-to-date, the SPDR S&P Retail ETF (NYSEARCA:XRT) is up just 3%, as retail stocks have been weighed by sluggish consumer spending in early 2019 and overarching trade conflicts. The sum of those headwinds has weighed on revenues and margins, and profit growth rates in the consumer discretionary sector actually dropped into negative territory in the first quarter of 2019, while S&P 500 earnings rose 4%.But, Goldman Sachs thinks things are about to get a whole lot better for a whole lot of retail stocks.The thesis?InvestorPlace - Stock Market News, Stock Advice & Trading TipsGoldman Sachs believes that: 1) the macro consumer economic environment is improving, supported by low unemployment and strong wage gains, and that such improvement will re-accelerate retail revenue growth rates; 2) trade issues are being overblown in the near term and have a chance to cool off in the medium to long term; and 3) after years of investing into their e-commerce operations, big box retailers are ready to reap the operating income growth rewards of those investments. * 10 Stocks Driving the Market to All-Time Highs (And Why) Owing to these three core beliefs, Goldman Sachs has a Buy rating on several retail stocks. Which stocks made the cut? And will those stocks actually outperform from here? Let's take a closer look at nine retail stocks that Goldman thinks are ready to rally. Target (TGT)Source: Mike Mozart via Flickr (Modified)The Bull Thesis: Goldman's top pick is Target (NYSE:TGT), and the thesis here is pretty straight-forward. Target has invested big into its e-commerce and omni-channel business over the past few years. Now, the company's e-commerce business is the fastest growing online retail business among big name retailers, and Target's comparable sales growth has also been among the best in the business over the past few quarters. Thus, these investments are paying off in the form of supercharged top-line growth. Over the next few quarters, the cost base from these investments will start to moderate, too, and supercharged revenue growth will be accompanied by supercharged profit growth. That profit growth will converge on a reasonable valuation (14-times forward earnings) to spark a nice rally in TGT stock.Does It Hold Water? Yes. TGT stock is one of my favorite retail stocks for the foreseeable future, too, because this company is firing on all cylinders, continues to be relentlessly innovative, has big profit growth potential in the medium term, and continues to trade at a relatively discounted valuation. That combination ultimately implies that Target stock has runway to move higher over the next few quarters. Costco (COST)Source: Shutterstock The Bull Thesis: Another big box retailer that Goldman is bullish on is Costco (NASDAQ:COST). Much like Target, the bull thesis on COST stock is pretty straightforward, too. With Costco, you have the offline version of Amazon (NASDAQ:AMZN), which has leveraged low price appeal to create a huge base of loyal Costco members that shop at Costco often and in heavy volume. That loyal membership base will continue to power healthy results for the retailer for the foreseeable future, so long as consumer economic conditions remain favorable. If they do, those healthy results will in turn continue to drive COST stock higher. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Does It Hold Water? Yes. But, with one important catch: valuation. Unlike other retail stocks on this list, COST stock isn't dirt cheap. Instead, it's the opposite of dirt cheap. It's an expensive stock, at 34-times forward earnings for what projects as a 10% profit grower over the next several years. That isn't a terribly attractive combination, so in the the near term, valuation friction may limit further gains in COST stock. Walmart (WMT)Source: Shutterstock The Bull Thesis: Goldman is also bullish on the 800 pound gorilla in the retail world: Walmart (NYSE:WMT). The Walmart thesis is very similar to the Target thesis. Walmart has aggressively reinvented itself over the past several years as an omni-channel retailer with a red-hot e-commerce business, enhanced in-store presentations and multiple omni-channel capabilities like "buy online, pick up in store". This reinvention has powered decade-best comparable sales and traffic growth at Walmart over the past few quarters. But, this reinvention has also been expensive, and weighed on margins. Going forward, the cost base from these investments should moderate, and robust profit growth should come back into the picture. As it does, WMT stock should trend higher.Does It Hold Water? Yes. Much like TGT stock, WMT stock will head higher over the next few quarters as robust revenue growth and margin improvement will converge on a still reasonable valuation (23-times forward earnings) to drive share price out-performance. Home Depot (HD)Source: Shutterstock The Bull Thesis: In the home improvement space, Goldman is bullish on shares of Home Depot (NYSE:HD). Home improvement market fundamentals are favorable, driven by low rates, low unemployment, strong wage gains and good credit. Home Depot is the leader in this market, and has been for some time. As such, as home improvement spend increases over the next few quarters, Home Depot's growth rates should move higher. As those growth rates move higher, HD stock should trend higher, too. * 7 Dependable Dividend Stocks to Buy Does It Hold Water? Yes. The valuation supporting HD stock remains reasonable, as the stock trades at just 21-times forward earnings for what projects as roughly 10% profit growth over the next several years. That favorable valuation, coupled with favorable market fundamentals and continued strong numbers, will keep HD stock on a healthy uptrend for the foreseeable future. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)The Bull Thesis: Goldman likes home improvement retailer Lowe's (NYSE:LOW), too, for the same reasons they like Home Depot. The home improvement market is supported by strong fundamentals at the current moment. Over the next few quarters, those strong fundamentals should drive higher home improvement spend. Some of that spend will land at Home Depot. Some of it will land at Lowe's. As such, Lowe's growth trend should improve into the back half of 2019. As it does, LOW stock should move higher.Does It Hold Water? Yes. LOW stock was unfairly beaten up in May on margin concerns in its Q1 earnings report. But, those margin headwinds are ephemeral, and should ease going forward. As they do, that easing will couple with strong top-line momentum (Lowe's also reported its best comp in recent memory last quarter) to produce robust profit growth. Simultaneously, LOW stock trades at a discount relative to HD stock (19-times forward earnings for LOW, versus 21-times for HD). This relative discount plus strong profit growth should equal big returns for LOW stock in the back half of 2019. BJ's (BJ)Source: Shutterstock The Bull Thesis: In the smaller cap retail world, Goldman is bullish on BJ's (NYSE:BJ). The bull thesis on BJ stock rests on two things. First, the macro consumer economic environment is improving, and supports strong consumer spend in the back half of 2019. Second, BJ's is a wholesale club retailer, and the club model of leveraging low price appeal to create a loyal membership base (from which you generate substantial revenue) is a winning model -- see Amazon and Costco. Thus, BJ's has a winning strategy in a market gaining momentum, and that implies healthy growth potential for BJ stock going forward. * 7 Companies Apple Should Consider Buying Does It Hold Water? Yes. BJ's is basically like a mini-Costco with an East Coast focus and very low prices, meaning that this warehouse retailer has cut out a sustainable niche for itself in the discounted retail segment. Further, BJ stock trades at just 15-times forward earnings (versus a 34-times forward multiple for COST), so there's substantial room for multiple expansion here in the event that BJ's continues to report healthy numbers (which it should). O'Reilly Automotive (ORLY)Source: JJBers via Flickr (modified)The Bull Thesis: Goldman also has a buy rating on O'Reilly Automotive (NYSE:ORLY). O'Reilly Automotive is an auto parts retailer which has grown revenues at a fairly steady mid-single-digit rate for the past several years, during which the auto parts market in the U.S. has grown at a low-single-digit rate. Because of this track record of above-market growth, Goldman likes ORLY stock in the back half of 2019, when the auto parts segment should benefit from increased demand as rates drop and the auto market rebounds.Does It Hold Water? Yes. So long as the U.S. consumer economy remains healthy and stable (as it projects to for the foreseeable future), then you can count on O'Reilly to deliver stable mid-single-digit revenue growth alongside gradual margin expansion. That combination on top of a 22-times forward multiple should produce healthy returns in ORLY stock going forward, especially with depressed interest rates broadly inflating equity valuations. Tractor Supply (TSCO)The Bull Thesis: Back to the home improvement world, Goldman also likes home improvement and agricultural goods retailer Tractor Supply (NASDAQ:TSCO). The bull thesis on TSCO is simple. Macro conditions in the home improvement and agriculture markets are favorable, and Tractor Supply's retail locations are largely rural and insulated from being disrupted by the big-box same-day-delivery push. This insulation coupled with favorable market conditions should drive sustained healthy profit growth over the next few years, and keep TSCO stock on a winning path. * 10 Stocks to Buy for Less Than Book Does It Hold Water? Yes. The valuation on TSCO stock, while not cheap, is certainly reasonable, at 23-times forward earnings for what projects as double-digit profit growth (comprised of mid-single-digit revenue growth and gradual margin expansion). So long as interest rates remain low, this combination of a ~20 forward multiple and ~10% profit growth should work for TSCO stock. Williams-Sonoma (WSM)Source: Mike Mozart via FlickrThe Bull Thesis: Tariff concerns have been a huge headache for Williams-Sonoma (NYSE:WSM), but Goldman thinks that the kitchenware and home furnishings retailer is ready to bounce back. Trade tensions are cooling, and with a truce on new tariffs between the two countries, it seems the worst of the trade war damage has already been inflicted. Going forward, the numbers here should get better, especially as buying conditions in the U.S. improve, too. This improvement should drive a nice rebound in WSM stock.Does It Hold Water? Yes. Of all the retail stocks on this list, WSM is among one of the cheapest, at just 13-times forward earnings. To be sure, that's because revenue growth and profit growth are relatively muted here (WSM projects as a mid single-digit profit grower). But, that growth trajectory could inflect higher as trade issues become old news. In the event that happens, sentiment will improve, and WSM stock will benefit from substantial multiple expansion.As of this writing, Luke Lango was long TGT, AMZN, WMT, HD and LOW. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 9 Retail Stocks Goldman Sachs Says Are Ready to Rip appeared first on InvestorPlace.

  • Prime Day Sale Kicks Off: Here Are the Big Winners
    Zacksyesterday

    Prime Day Sale Kicks Off: Here Are the Big Winners

    Amazon might witness the highest Prime Day sales this year, topping $5 billion.

  • Ross Stores (ROST) Hits 52-Week High, Can the Run Continue?
    Zacksyesterday

    Ross Stores (ROST) Hits 52-Week High, Can the Run Continue?

    Ross Stores (ROST) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Amazon rivals ride on Prime Day marketing as protests unfold
    Reutersyesterday

    Amazon rivals ride on Prime Day marketing as protests unfold

    Amazon.com Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver of sales. Walmart Inc, Target Corp and eBay Inc all run their own special promotions to coincide with the annual sale, which this year Amazon has stretched to two days. Target announced deal days which will run on the same days as Prime Day - July 15 and 16.

  • Bed Bath & Beyond’s Struggles Deepen
    Motley Fool3 days ago

    Bed Bath & Beyond’s Struggles Deepen

    The growth outlook just got cloudier for this specialty retailer.

  • Up 35% YTD, Target Stock Is Still Undervalued
    InvestorPlace4 days ago

    Up 35% YTD, Target Stock Is Still Undervalued

    Target (NYSE:TGT) shares have been on fire in 2019. Shares in the retailer are up 35% year-to-date, from about $66 in January to approximately $87 today. While the stock continues to trade a lower valuation than its peers, investors have more confidence in its future prospects.Source: Shutterstock Regarding the future, Target faces many headwinds. The never-ending growth of Amazon (NASDAQ:AMZN), threatens the "big box" retail model. Within the big box realm, competition from Wal-Mart (NYSE:WMT) also threatens Target's long term prospects. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond But do not take the low valuation of TGT stock to mean weak prospects. Read on to find out why Target may still be a buy after a 35% rally.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Target's Strategy Is Paying OffPressure from Amazon has prompted Target and Wal-Mart to invest billions in order to stay relevant. As stated in their March 5, 2019 CFO presentation, after sales declines in 2016, Target was motivated to change course in order to resume growth.Unlike Wal-Mart's acquisition-driven strategy (Jet.com, Flipkart), Target focused on store reinvestment. The company remodeled stores, expanded their selection of owned and exclusive brands, and adapted to Amazon-related "same day delivery" pressures.In late 2017, Target acquired delivery service Shipt for $550 million. The Shipt purchase provided the infrastructure to offer same-day delivery in the majority of their stores. The success of this deal highlights Target's ability to remain relevant in an Amazon-dominated retail environment.Target's strategy has paid off. Comp sales and traffic were both up 5% in 2018. This indicates Target is making the right moves to protect their market share. Solid Future Prospects for TGTTarget's guidance calls for low-single digit sales growth in the next year. While this is not too exciting, it does indicate confidence Target can at least keep up in an increasingly e-commerce-driven retail environment.Target continues to expand in the e-commerce realm. Digital sales are up from $3.9 billion in 2017 to $5.3 billion in 2018.For brick and mortar stores, Target's "small format" strategy helps maintain market share. Opening smaller locations in affluent, densely populated areas maintains Target's image as the cosmopolitan big box store.Based on the Target CEO's presentation in March, Target has the highest concentration of small-format stores in the New York, Washington, D.C., Los Angeles, and San Francisco metro areas. Heavy presence in America's most affluent areas continues to be a positive factor in Target's future growth and profitability. Valuation: Target Stock Trades at a Discount to PeersTGT stock trades at lower earnings multiples than competitors Wal-Mart and Costco (NASDAQ:COST): * Forward P/E: TGT trades at 14x forward earnings. WMT trades at 22.5x forward earnings, and COST trades at 32.7x forward earnings. * EV/EBITDA (trailing 12 months): TGT's EV/EBITDA ratio is 8.4, while WMT and COST trade at EBITDA multiples over 10 (12.2 for WMT, 19.5 for COST).Despite this valuation discrepancy, TGT has higher EBITDA margins (10.1%) than both WMT (6.8%) and COST (4.2%), and has a net income margin of about 4.5% (compared to 1.6% for WMT, 2.4% for COST).The TGT stock discount continues to be a mystery. In a recent article, InvestorPlace contributor Will Healy pointed out a strong reason behind the discrepancy. With the failure of their Canadian expansion a few years back, Mr. Market still lacks confidence the company can continue to grow.But what Target lacks in "growth story," it makes up for in value. Not only is TGT stock undervalued relative to its peers; Target stock is a solid dividend play. TGT Continues to Be a Dividend AristocratTarget stock has paid a dividend since 1971. Not only that, the dividend has a 5-year CAGR of 9.79%.Compared to peers, TGT stock pays a higher dividend. Target's yield of 3% beats out WMT (1.8%) and COST (0.96%).Despite plowing billions of dollars back into the business, Target continues to make return of capital a high priority. In 2016 and 2017, the company bought back $3.2 billion worth of TGT stock. These buybacks helped boost EPS by about 8% (TTM EPS of $5.74, versus EPS of $5.32 in 2018).As stated in the CFO presentation, Target is committed to returning excess cash within the limits of their middle-A credit rating. This highlights Target's continued prudent capital allocation beneficial in the short-term (buybacks/dividends) and the long-term (store reinvestment). Bottom Line: TGT Stock Has Risks, But Is Still a BuyThe Amazon-driven "retail apocalypse" is a long-term risk to Target stock. But strategic moves are helping Target keep up in a tough retail environment.Despite solid earnings, TGT stock is still a bargain relative to peers. Add in a healthy buyback policy and high-yielding dividend, and Target stock offers investors a strong opportunity.Target's next earnings call is in August. Investors buying the stock today face the risk of priced-in expectations, and could see declines if earnings fail to excite investors.This makes Target stock a cautious buy. There may be better value purchasing shares down the road, but investors today may still want to initiate a position at the current price.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Up 35% YTD, Target Stock Is Still Undervalued appeared first on InvestorPlace.

  • Walmart Online Unit Seeks New Executive While Losses Pile Up
    Bloomberg4 days ago

    Walmart Online Unit Seeks New Executive While Losses Pile Up

    (Bloomberg) -- Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead.The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com Inc., Target Corp. and other rivals. The yet-to-be-named executive will also work to stem the online businesses’ mounting losses in an increasingly competitive digital arena.The vacancy was created when Scott Hilton, a senior vice president and Lore’s longtime lieutenant, left the company in May, according to an internal memo obtained by Bloomberg. Hilton, whose departure hadn’t been previously reported, didn’t reply to an emailed request for comment.Longtime LieutenantHilton met Lore about 14 years ago when both were students at the University of Pennsylvania’s Wharton business school, the memo said. He became Lore’s first employee at Quidsi, the e-commerce startup that included Diapers.com and was acquired by Amazon in 2011. Not long after, Lore left Amazon to launch Jet.com, bringing Hilton with him.When Jet was acquired by Walmart for $3.3 billion in 2016, Lore, Hilton and other Jet leaders assumed senior posts at its online business. They revamped Walmart’s digital offerings with millions of new products, a sleeker website and free two-day delivery for orders of $35 or more.“Scott created a retail organization that has brought on some incredible leaders, new brands, significantly expanded our assortment and designed and built the tools that have set us on a course to enable Walmart to efficiently scale and compete in the ever-evolving retail arena,” Lore said in the memo announcing Hilton’s departure.Walmart’s U.S. online business has grown, becoming a viable second fiddle to Amazon after the division’s revenue expanded 40% last year. But the business continues to be in the red, with losses expected this year of about $1.7 billion, up from $1.4 billion last year, according to Morgan Stanley estimates.Web StrugglesA portion of the retailer’s web traffic has also declined, according to data tracker SimilarWeb, falling by about a third between June 2017 and June 2019. SimilarWeb measures so-called non-bounced traffic, or customer visits that go beyond the landing page.A big reason for the falloff is that Walmart’s customers are increasingly using its shopping apps, particularly for grocery orders, rather than its website. And even as Walmart.com’s traffic has declined, sales are up as customers buy more items on each visit and purchase higher-priced goods, like the Lord & Taylor apparel it started offering last year.A Walmart.com spokesman said the SimilarWeb data was “completely incorrect,” adding that overall traffic to Walmart.com “has increased significantly during that time period.”SimilarWeb, in response, said it’s unaware of how the retailer reports on its digital activity.It confirmed that overall digital activity is up, while data for Walmart.com from web browsers only has shown a slight decline.Walmart shares rose 0.5% to $114.49 at 3:28 p.m. Friday in New York.To help streamline things, Walmart brought Jet fully under its umbrella last month. It has also encouraged consumers to pick up their online orders at the store, saving Walmart money on home-delivery costs. More recently, it has rolled out a next-day delivery service that’s now in 28 states, according to data tracker Marketplace Pulse, which Lore claims is less expensive to operate as orders typically come in one box from a nearby warehouse.Hilton’s departure follows that of Chief Technology Officer Jeremy King, who left in March for Pinterest Inc. and has been replaced by tech-industry veteran Suresh Kumar, who started work this week. Other dot-com executives have also moved on in recent weeks, such as Darren MacDonald, a vice president and general manager of entertainment products, who became chief digital and innovation officer at Petco in June.The management reshuffles come as the company looks to counter next week’s Prime Day, a manufactured web-sales holiday created by Amazon that’s become part of every retailer’s calendar.(Updates with shares and SimilarWeb comment in 11th, 12th paragraphs.)To contact the reporter on this story: Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Anne Riley Moffat, Eric PfannerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.