On October 3, Target (TGT) stock traded at a forward price-to-earnings multiple of 13.2x, which is significantly below the S&P 500 Index’s (SPX-INDEX) forward PE of 18.2x.
Analysts issue a score of 3.0 on Target (TGT) stock on a scale of 1.0 to 5.0. A score of 1.0 reflects a “strong buy” while a score of 5.0 implies a “strong sell.”
Target has returned ~$5.0 billion to its shareholders during the last fiscal year in the form of share buybacks ($3.7 billion) and dividends ($1.3 billion).
Following its strong fiscal 1H17 results, Target’s management lifted its fiscal 2017 adjusted outlook during the fiscal 2Q17 conference call.
During fiscal 2Q17, Target’s gross margin contracted 40 basis points. Its EBIT margin decreased 90 basis points on a year-over-year basis.
Target recently entered into a partnership with Magnolia to launch its new home and style brand, Hearth & Hand.
Year-to-date, Target (TGT) stock has fallen 18.9% through October 3. TGT stock is starting to revive as its digital business grew 32% in fiscal 2Q17.
Walmart’s Jet.com announced that it would roll out private-label brand Uniquely J to cater to the needs of Millennials living in metropolitan areas.
Walmart’s acquisition of Parcel looks to be another strategic addition aimed at strengthening its digital capabilities to compete with Amazon, Target, and Costco.
Most of the analysts covering Conagra (CAG) stock maintained a positive stance.
Conagra Brands (CAG) managed to expand margins despite challenges.
Net sales for Conagra’s Grocery & Snacks segment fell 2% to $746 million.
Conagra Brands’ (CAG) fiscal 1Q18 sales of $1.8 billion came in ahead of analysts’ estimate but fell 4.8% YoY (year-over-year).
Conagra Brands (CAG) reported better-than-expected fiscal 1Q18 earnings on September 28, 2017.
As of September 28, 2017, Constellation Brands (STZ) stock was rated a “buy” by 13 of 19 (68.0%) analysts. The company was assigned a “hold” rating by six analysts.
As of September 28, 2017, Constellation Brands (STZ) was trading at 12-month forward PE (price-to-earnings) ratio of 24.1x.
Constellation Brands (STZ) exceeded analysts’ expectations in all quarters of fiscal 2016 and fiscal 2017 and in fiscal 1Q18.
Constellation Brands (STZ) is expanding its beer, wine, and spirits portfolio in the high-end or premium space.
A strong imported beer portfolio has been driving Constellation Brands’ (STZ) sales growth. In fiscal 1Q18, sales rose 3.4% on a year-over-year basis.
Constellation Brands (STZ) is scheduled to announce its fiscal 2Q18 results on October 5, 2017. As of September 28, STZ stock has risen an impressive 30.0% on a YTD basis.