75.40 +0.01 (0.01%)
After hours: 6:26PM EDT
|Bid||75.21 x 800|
|Ask||75.55 x 1100|
|Day's range||74.50 - 77.24|
|52-week range||50.04 - 79.59|
|PE ratio (TTM)||14.14|
|Earnings date||22 Aug 2018|
|Forward dividend & yield||2.48 (3.45%)|
|1y target est||77.19|
Bloomberg New Energy Finance is now out with its yearly outlook — one that puts green energy in the driver seat and coal deep in the ground. Meanwhile, wind and solar electricity will make up 50% of the world’s energy mix — a function of the falling price of the underlying technologies as well as $548 billion being invested in storage capacity by 2050. On top of that, the report says that CO2 emissions will fall by 38% during that time.
The department store chain is also about to start testing mini Sears shops, selling appliances, inside its Kmart locations.
How Did the Consumer Sector Fare Last Week? On June 11, Newell Brands (NWL) announced an expansion to its stock repurchase authorization. H&R Block (HRB) announced its fiscal fourth-quarter results after the market closed on June 12.
Costco’s (COST) earnings per share have seen double-digit growth over the past five quarters. In comparison, Walmart (WMT) has also improved its EPS. Target’s (TGT) EPS returned to a growth trend during the recently reported fiscal first quarter.
Costco (COST) has posted impressive sales performance over the past several quarters and has outperformed both Walmart (WMT) and Target (TGT). During the recently concluded quarter, Costco’s comps (comparable store sales) in the US grew 7.7% (excluding the changes in fuel prices and currency movements). This is higher than Walmart’s 2.1% growth (excluding fuel) and Target’s 3.0% increase.
At a time when retail giants like Walmart (WMT), Target (TGT), and Amazon (AMZN) are fiercely competing for a greater share of consumer spending, Costco (COST) is enjoying smooth sailing. When Amazon disrupted the grocery space with its 2017 Whole Foods acquisition, Wall Street analysts were most concerned about the prospects for Costco stock.
While Amazon's acquisition of Whole Foods has rattled the grocery industry, it has brought new business models and partnerships for Google.
Amazon (AMZN) might have forever changed the grocery industry exactly one year ago when the e-commerce giant bought Whole Foods for roughly $14 billion on June 16, 2017. Today, grocery delivery is commonplace across the entire industry.
Target (TGT) is trying to gain customers by coming up with new service offerings. The company is going the extra mile to provide the same-day delivery option to customers.
Walmart (WMT) stock was trading at a forward PE (price-to-earnings) multiple of 17.3x as of June 13, which is higher than that of Target (TGT) but significantly below Costco (COST). Moreover, the company is trading almost on par with the S&P 500 Index (SPY). Given the company’s 2.5% dividend yield and its expected 9.1% increase in fiscal 2019 EPS, Walmart’s valuation seems fair. In comparison, Target and Costco stock were trading at forward PE multiples of 14.6x and 27.3x, respectively.
Walmart and Target shoppers aren’t passing on the opportunity to shop at Amazon.com, too. The overlap between the retailers—people who shopped at either of the traditional retailers, as well as the fast-growing digital giant—continues to trend upward, according to a chart published Thursday by Cowen & Co. analysts. Both numbers were down from Q4, but still reflected an upward trend since the start of 2013.
Similar to how we protect ourselves online through VPN services, Privacy.com offers virtual payment cards that act like a VPN when it scrambles your IP address, shielding your true account information from possible scammers. Online banking is huge. For the longest time we would hold up our Apple iPhones and Google Android devices and say "this is more secure", but that was just a pipe dream.
Target (TGT) shares have risen 19.6% on a YTD (year-to-date) basis as of June 13. Target has outperformed its peers in terms of the growth rate. The company’s strong digital business and accelerating comps growth rate have been driving the stock higher.
Recently, Target (TGT) announced 3.2% growth in its quarterly dividend to $0.64 from $0.62 per share. The increase marks the 47th consecutive year that the company has increased its dividend. Target has a strong history of returning a substantial amount of cash to its shareholders in the form of dividends and shares. Target’s dividend growth rate has fallen, which you can see in the above graph.
Of the 26 analysts covering Target (TGT), 17 recommend “hold.” Target’s strategic growth efforts are gaining traction and driving its comps higher. However, continued margin pressure related to its investments in growth measures and increased competition are keeping most analysts at bay.
Could Target Stock Outperform Walmart and Costco This Year? As shown in the graph below, Target’s earnings have disappointed investors, with its growth initiatives impacting its profitability. Target lowered prices on thousands of products to attract traffic, which pressured margins, and in turn, its bottom line.
Could Target Stock Outperform Walmart and Costco This Year? One thing that’s hurting Target (TGT) stock is the company’s continuously subdued underperformance. Higher digital investments and online order fulfillment expenses have further pressured retailers’ margins, especially Target’s and Walmart’s (WMT). As shown in the graph below, Target’s margins have stayed narrow over the past several quarters, limited by lower pricing and higher digital fulfillment costs.
Could Target Stock Outperform Walmart and Costco This Year? Target (TGT) turned around its sales and sustained its growth momentum in the fiscal first quarter. Target’s net sales have improved in the past four quarters, with comps growing at a healthy rate, as shown in the graph below.
Could Target Stock Outperform Walmart and Costco This Year? Target’s (TGT) turnaround strategy has picked up the pace and is expected to support the company’s sales and earnings growth in future quarters. Also, Bank of America Merrill Lynch analyst Robert Ohmes has listed Target as one of the bank’s top stock picks.
Macy's stock is on a tear, tracking for the best annual performance since 2009, but some are skeptical about the prospects.