|Bid||0.00 x 1000|
|Ask||247.70 x 800|
|Day's Range||245.87 - 249.78|
|52 Week Range||140.63 - 252.23|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||24.13|
|Earnings Date||Aug. 18, 2020|
|Forward Dividend & Yield||6.00 (2.41%)|
|Ex-Dividend Date||Jun. 03, 2020|
|1y Target Est||250.85|
Here are three companies in the out-of-favor retail and financial sectors that are solid names whose stocks are trading toward the bottom of their historical valuation ranges. The Home Depot (NYSE: HD) has been one of the essential retailers that have remained open during the COVID-19 crisis. This means more interest in fixer-uppers, which is good news for Home Depot.
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Emily Flippen and Ron Gross about the latest news from Wall Street. They talk about the work-from-home culture and the changes it brings.
Mixed Outlook for Retail Building Products Amid Coronavirus
In this episode of MarketFoolery, Chris Hill and Motley Fool analyst Ron Gross discuss all things retail. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Ron Gross: Good to see you, Mr. Chris Hill.
U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. President Donald Trump's warning on Thursday that the U.S. would react strongly to China's plan for a national security law in Hong Kong raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. The rhetoric knocked Wall Street off multi-month highs, although the main indexes were still set to add between 2.8% and 3.1% for the week on optimism over a vaccine and the easing of virus-related curbs.
Yahoo Finance chats with Walmart U.S. CEO John Furner about the state of the world's large retailer amidst the COVID-19 pandemic.
Discover how Walmart (NYSE: WMT) is winning in the retail space and some other retail news. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Jason Moser: Good to see you.
Tim Rood, Former Fannie Mae Executive and SitusAMC Managing Director, joins Yahoo Finance’s Seana Smith to break down April existing home sales data.
Target's digital sales benefited from the COVID-19 scare, and helped demonstrate the retailer's ability to perform in tough times.
Hearth, Patio & Barbecue Association Director Emily McGee joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the summer barbecue season will pan out this summer.
(Bloomberg Opinion) -- It’s no surprise to hear that retailers’ online sales are surging through the coronavirus pandemic. But would you guess that for some of the biggest winners, it’s their physical stores that gave those sales a boost? Even as consumers grapple with stay-at-home orders and their own fears of contagion, a surprisingly large number are willing to pick up their digital orders at a store. Target Corp. on Wednesday said sales through its curbside drive-up option — shoppers order online, pick up at a store — increased 1,000% in April compared to a year earlier. More than 2 million customers tested out the drive-up feature for the first time, the big-box retailer said, and the volume was so strong that there were more orders collected that way in the first quarter than in all of 2019. Sales through Lowes.com were up 80% in the three months ended May 1, and more than half of those online orders were picked up in a store, the home-improvement retailer said on Wednesday. Walmart Inc. and Home Depot Inc., which both reported results on Tuesday, observed the same trends. “It’s time we stop referring to our Supercenter pickup and delivery capability as online grocery because it’s becoming much more,” Walmart CEO Doug McMillon said on the company’s earnings call. There are a couple of takeaways from this. First, it seems that for all the hand-wringing over the lasting impact to physical retail real estate from the pandemic, stores still have a role to play, when used appropriately. As skyrocketing demand snarled logistics networks and caused huge delays in deliveries, customers were willing to be flexible to get the items they needed. Practically speaking, there’s not a huge difference risk-wise between retrieving a box from your front porch and picking one up from the curb of a store. Having that option may have helped the likes of Target, Walmart, Home Depot and Lowe’s capture sales from customers who were stumped by sold-out notices at online-only retailers or who previously did most of their shopping at a physical location. Notably, Walmart cited customers aged 50 years and older as a demographic that saw significant growth. Meanwhile, Women’s Wear Daily has reported that Amazon.com Inc. is exploring a potential deal with bankrupt retailer J.C. Penney Co. It's not exactly clear what the Internet giant's intention would be, but one possibility is that it could be a bid to add more options for online-order distribution such as curbside pickup.The nature of square footage may have to evolve; Target talked about the need to add more parking spots and storage space. And this model isn’t going to work for all retailers; those that didn’t have an effective digital strategy beforehand may be caught irreversibly flat-footed. Lowe’s Cos. CEO Marvin Ellison sounded audibly relieved that his company had invested in improving its e-commerce capabilities when it did. “What we’re seeing is that the customers simply want to shop the way that they choose to, and in the past, we couldn’t accommodate that,” Ellison said on Lowe’s earnings call on Wednesday. “When we started to get requests from customers for curbside, we put that up and going in three days. This time last year, it would have been impossible to do that because we didn't have the infrastructure.” There's reason to believe customer buy-in for curbside or in-store pickup will hold: 40% of drive-up customers at Target have made a repeat purchase. This puts the margin pressure that retailers faced in the pandemic quarter in perspective. Profitability at Target and Walmart was squeezed by both the types of items customers were ordering — food and essentials are less lucrative than more discretionary items like clothing — and by the shift toward digital. But having the customers pick up their own orders is much more profitable than delivering the products to their homes. Online ordering may account for more than 17% of retail sales in the U.S. this year, up from 13.9% in 2019, according to GlobalData. If retailers can continue to convert a meaningful portion of that demand into pickup versus delivery, it will provide an offset to the inherently higher supply-chain operating costs of a digital model. Target customers that use its drive-up option for the first time also tend to spend more at the company overall than they did previously, the company said. Asked what kind of permanent changes he envisions in the post-pandemic world, Target CEO Brian Cornell said his “highlight and takeaway is stores are vitally important and stores will continue to play a really important role to America as we go forward." Who would have thought that a virus outbreak that's relegated so much of our lives to our homes would put such a premium on brick-and-mortar? This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Ed Clissold, Chief U.S. Strategist for Ned Davis Research, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss overall markets, the need for more stimulus in the economy as unemployment remains high, the home improvement sector including Lowe's and Home Depot and retailers like Target.
Lowe's (NYSE: LOW) efforts to increase sales, pump up digital, and become a serious threat to Home Depot's (NYSE: HD) hold on the top spot in home improvement are paying off in a big way as the COVID-19 pandemic sent shoppers to town in the home improvement area. Home Depot's comps increased 6.4% with U.S. comps rising 7.5% during the same period. As an essential business, Lowe's has been allowed to keep its stores open, but digital became more important as people stayed at home.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the latest earnings reports for Lowe’s, Home Depot, Target, and Walmart with Morgan Stanley Retail Analyst Simeon Gutman.
Investors had high hopes for Home Depot's (NYSE: HD) first-quarter earnings report even though the COVID-19 pandemic pressured most of the retail industry. The chain responded to the pandemic by cutting store hours and making other moves aimed at limiting customer traffic, yet expectations were for robust sales growth as many consumers used the shelter-in-place time to work on home projects. Home Depot's report confirmed this bullish reading and showed that the market leader was a key shopping destination over the last few months.
Investors had expected Walmart (NYSE: WMT) to report strong sales growth in its fiscal 2021 first quarter (which ended May 1) given the rush to stockpile food and other essential products in March, but the retail giant blew those expectations away. Walmart posted comparable sales growth of 10%, with U.S. e-commerce sales jumping 74%. Sales were up at all three of its business segments, rising by about 10% at Walmart U.S. and Sam's Club and increasing 3.4% at international stores.
Costco (NASDAQ: COST) and Lowe's (NYSE: LOW) are both large, national retail chains that were deemed essential services and have stayed open throughout the COVID-19 pandemic. Costco's bread and butter is, well, bread and butter, and other consumer staples (often sold in bulk), while Lowe's product line focus is home improvement. While they're not direct competitors, Costco's stores sell a good amount of general home improvement products, but Lowe's is the niche reseller.
Investors will be paying close attention to quarterly results from home improvement chain Lowe’s and Target and the Federal Open Market Committee’s (FOMC) meeting minutes in a busy Wednesday.