Could Macy's New CEO Give Investors Hope in 2017?
Forward price-to-earnings multiple As of March 23, Macy’s (M) was trading at a 12-month forward PE (price-to-earnings) multiple of 8.1x. The company is currently trading at a lower valuation multiple…
Analyst recommendations As of March 23, Macy’s (M) stock was rated as “hold” by 18, or 82%, of the 22 analysts covering it. Four analysts rated the stock a “buy,”…
After PVH Corp (PVH) reported solid 4Q16 results on March 22, beating the consensus estimates, the stock jumped 8.5% and closed at $98.55 on March 23.
As of March 22, Clorox (CLX) was trading at a 12-month forward PE ratio of 24.7x—at a premium to the S&P 500 Consumer Staples Index and the S&P 500 (SPX).
Over the past four years, Clorox returned about $2 billion to investors through share repurchases and dividends.
Clorox (CLX) commands a strong portfolio of brands that are either category leaders or have substantial market shares in their respective categories.
Despite the soft start to its current fiscal quarter, Clorox (CLX) has begun to make a strong comeback with its fiscal 2Q17 earnings.
Clorox’s sales of $1.4 billion in fiscal 2Q17 represents a 4.5% YoY rise—its highest growth in the past four years.
Clorox stock has risen 14.3% on a YTD basis as of March 22, and the stock has risen about 9.6% since it announced its strong fiscal 2Q17 results.
Wall Street analysts have a consensus price target of $31 for Micron Technology (MU) stock, which it may achieve if it reports better-than-expected guidance for 3Q17.
Advanced Micro Devices stock has been one of the top-growing stocks in calendar 2017, rising 35.5% in February 2017. The stock also rose 5.5% on March 19.
China Mobile (CHL) stock rose 3.9% on March 20, 2017, to close at $58.52. It had risen 5.3% one day previously, on March 19.
FireEye stock rose ~8% on March 20, 2017, to close at $11.61, after Bank of America analyst Tal Liani upgraded the stock from “neutral” to “buy.”
Frontier Communications (FTR) stock fell 2.4% on March 20 and 4% on March 19. By comparison, the stock fell 7% in the week ended March 10.
Hardware tech firm Juniper (JNPR) fell 1.7% on March 20, 2017. The stock also fell 1.2% on March 19, without any apparent indicator.
On March 20, Target was trading at a 12-month forward PE ratio of 13.6x—lower than the S&P 500 Index’s (SPX) PE ratio of 18.8x.
Target (TGT) has a strong track record of rewarding investors with higher dividends and share repurchases.
Target is planning to invest $2 billion in the current fiscal year and about $7 billion over the next three years.
Target reported sluggish fiscal 4Q16 results on February 28, missing Wall Street’s expectations. Its total sales of $20.7 billion represent a 4.3% YoY fall.
Fiscal 2016 was a tough year for Target (TGT), and 2017 isn’t looking much better.