|Bid||70.25 x 600|
|Ask||70.26 x 100|
|Day's range||70.12 - 71.62|
|52-week range||48.56 - 78.70|
|PE ratio (TTM)||13.19|
|Earnings date||23 May 2018|
|Forward dividend & yield||2.48 (3.47%)|
|1y target est||76.31|
Wall Street investment bank KeyBanc Capital Markets recently upgraded its rating on eBay (EBAY) stock to “overweight” from “sector-weight.” KeyBanc sees eBay stock closing the year at $50 per share. In a research note cited by MarketWatch, analyst Ed Yruma of KeyBanc shared details on why the firm is bullish on eBay.
American businesses are investing record amounts in solar, according to a new report from the Solar Energy Industries Association.
Although Amazon’s (AMZN) decision to open a physical bookstore in the Georgetown neighborhood may have been motivated by Washington’s underserved book market, a physical presence in Georgetown could bring more benefits to the company. Georgetown is one of the wealthiest neighborhoods in Washington, D.C., and that could mean that a good number of residents there already subscribe to the Amazon Prime program. Perhaps planting a bookstore in Georgetown could help Amazon attract more Georgetown households to Prime or capture more spending from existing Prime customers in the neighborhood.
Amazon (AMZN) opened its first physical bookstore in Washington, DC, in March 2018. The company now boasts more than a dozen so-called Amazon Books outlets. The Washington-area bookstore also expands Amazon’s portfolio of physical stores, which now include more than 450 Whole Foods stores.
Target stores in Florida and Texas are now offering drive-up service. The retail chain announced Tuesday customers can buy items without leaving their car. The service began last fall in Minneapolis, where the company is headquartered.
The Supreme Court sounded concerned Tuesday about doing away with a rule that has meant shoppers don't always get charged sales tax when they hit "checkout" online. The justices were hearing ...
During the “Multicultural Beauty Panel” at Target’s Manhattan offices today, executives from the chic-cheap discounter pronounced its commitment to serving the unmet beauty needs of women of color. Its salvo: The launch of 150 exclusive products designed expressly for the multicultural consumer, delivered by eight entrepreneurial brands founded by women of color. The collections, which debut in select stores next month, are a long time coming, said Christina Hennington, Target’s senior vice president of essentials and beauty.
Target Corp. said Tuesday that it will add eight cosmetic brands to its online selection that cater to darker skin tones starting April 17. The brands, which include Coloured Raine, Everyhue Beauty, and Haleys, will add more than 150 items to Target's merchandise lineup. Target shares are up 11.4% for the year to date, outpacing the S&P 500 index which is up 1.2% for the period.
Amazon (AMZN) increased Prime program membership fee for monthly subscribers in January, and the upcoming 1Q18 report is expected to reflect the effects of the fee hike. Prime membership comes with numerous benefits, such as free delivery of items purchased on Amazon’s online retail site as well as grocery purchases from Whole Foods Market. Amazon acquired Whole Foods for $13.7 billion last year to bolster its position in the grocery sector, which is largely held by traditional retailers such as Walmart (WMT) and Kroger (KR).
Costco (COST) stock is showing a trend reversal and has risen 5.4% in the last three trading days. On April 16, 2018, Wells Fargo upgraded Costco stock to “outperform” from “market perform” and raised its target price to $220 from $195. Raymond James raised its price target to $205 from $202.
According to Recode, citing data from research company L2, Amazon’s (AMZN) portfolio of private-label brands has expanded rapidly in the past year, a sign that its private brand venture could be bearing fruit. Amazon launched its first private-label brands in 2009, but that was followed by a few years of break. It is estimated that Amazon launched at least 60 private-label brands between the start of 2017 and the end of March 2018.
Analysts covering Office Depot (ODP) stock continue to be on the sidelines. Office Depot has been struggling since the shift to digital has wreaked havoc on the demand of paper-based office supplies. Currently, analysts’ 12-month average target price for Office Depot stock is $3.10, which reflects a 50.5% upside to the stock as of April 10, 2018.
Most analysts covering Costco (COST) maintain a positive outlook on the company’s prospects. Costco has impressed investors with its stellar sales growth driven by rising traffic, particularly in the US, and its higher transaction size. Plus, value pricing and vast offerings have supported the company’s top-line growth. Moreover, Costco’s increased membership-fee income, sales leverage, and focus on cost-saving measures have driven double-digit growth in its bottom line.
Costco (COST) stock has historically been trading at a premium multiple compared to Walmart (WMT) and Target (TGT) thanks to its higher growth rate. As of April 11, 2018, Costco stock was trading at a forward PE (price-to-earnings) multiple of 25.4x, which is significantly higher than that of peers.