ReportWire

Tag: Colgate-Palmolive

  • Colgate-Palmolive (NYSE:CL) Lowered to Hold at Hsbc Global Res

    Colgate-Palmolive (NYSE:CL) Lowered to Hold at Hsbc Global Res

    [ad_1]

    Hsbc Global Res cut shares of Colgate-Palmolive (NYSE:CL – Free Report) from a strong-buy rating to a hold rating in a research note published on Friday, Zacks.com reports.

    A number of other research analysts have also issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Colgate-Palmolive from $95.00 to $105.00 and gave the stock a buy rating in a research note on Monday, July 22nd. Bank of America boosted their price objective on shares of Colgate-Palmolive from $100.00 to $110.00 and gave the stock a buy rating in a report on Wednesday, July 10th. TD Cowen initiated coverage on shares of Colgate-Palmolive in a report on Tuesday, July 23rd. They set a buy rating and a $110.00 price objective on the stock. Citigroup boosted their price objective on shares of Colgate-Palmolive from $103.00 to $112.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Finally, Evercore ISI boosted their price objective on shares of Colgate-Palmolive from $100.00 to $106.00 and gave the company an outperform rating in a research report on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $99.42.

    Get Our Latest Report on CL

    Colgate-Palmolive Trading Up 1.5 %

    Shares of Colgate-Palmolive stock opened at $100.88 on Friday. Colgate-Palmolive has a 52-week low of $67.62 and a 52-week high of $101.42. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 13.21. The company’s 50-day simple moving average is $95.96 and its 200-day simple moving average is $90.34. The firm has a market cap of $82.77 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 3.57 and a beta of 0.39.

    Colgate-Palmolive (NYSE:CL – Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Colgate-Palmolive had a net margin of 14.21% and a return on equity of 470.19%. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Colgate-Palmolive will post 3.55 earnings per share for the current year.

    Colgate-Palmolive Dividend Announcement

    The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $0.50 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.00 annualized dividend and a dividend yield of 1.98%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 63.29%.

    Insider Activity

    In other Colgate-Palmolive news, insider John W. Kooyman sold 3,497 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $93.47, for a total transaction of $326,864.59. Following the transaction, the insider now directly owns 3,181 shares in the company, valued at approximately $297,328.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Sally Massey sold 12,226 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $94.06, for a total value of $1,149,977.56. Following the transaction, the insider now directly owns 13,924 shares in the company, valued at approximately $1,309,691.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John W. Kooyman sold 3,497 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $93.47, for a total transaction of $326,864.59. Following the completion of the transaction, the insider now owns 3,181 shares in the company, valued at $297,328.07. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

    Institutional Inflows and Outflows

    Large investors have recently modified their holdings of the business. Signaturefd LLC increased its holdings in shares of Colgate-Palmolive by 26.5% in the 2nd quarter. Signaturefd LLC now owns 17,705 shares of the company’s stock worth $1,718,000 after acquiring an additional 3,711 shares during the period. Arjuna Capital increased its holdings in shares of Colgate-Palmolive by 0.8% in the 2nd quarter. Arjuna Capital now owns 38,004 shares of the company’s stock worth $3,688,000 after acquiring an additional 314 shares during the period. Bank OZK acquired a new stake in shares of Colgate-Palmolive in the 2nd quarter worth about $212,000. Main Street Research LLC increased its holdings in shares of Colgate-Palmolive by 1.5% in the 2nd quarter. Main Street Research LLC now owns 6,939 shares of the company’s stock worth $673,000 after acquiring an additional 100 shares during the period. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive in the 2nd quarter worth about $291,000. 80.41% of the stock is currently owned by institutional investors.

    Colgate-Palmolive Company Profile

    (Get Free Report)

    Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.

    See Also

    Analyst Recommendations for Colgate-Palmolive (NYSE:CL)

    Receive News & Ratings for Colgate-Palmolive Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Colgate-Palmolive and related companies with MarketBeat.com’s FREE daily email newsletter.

    [ad_2]

    ABMN Staff

    Source link

  • E-commerce is witnessing the Amazon-ification of Shein, as the fast-fashion behemoth woos skincare and toy brands

    E-commerce is witnessing the Amazon-ification of Shein, as the fast-fashion behemoth woos skincare and toy brands

    [ad_1]

    E-commerce giant Shein is spreading its arms to envelope more than just the fashion and apparel for which it’s known—and it’s starting to look like another familiar online market platform in the process.

    Shein is wooing brands such as household goods conglomerate Colgate-Palmolive, toy maker Hasbro, and skincare brands to sell their products in its marketplace, Reuters reported Tuesday. The company, known for affordable and stylish clothes—albeit made with concerns about labor practices and its environmental impact—is taking steps to create a platform that is everything to everyone.

    “Everybody associates Shein with fashion, but we are doing all verticals,” Christina Fontana, Shein’s senior director of brand operations for Europe, Middle East and Africa, said at a Paris conference on April 17, according to Reuters.

    “Our consumers want brands, [so] if that’s what they’re looking for, that’s what we’re going to give them,” she added.

    Shein’s outward expansion is a clear tactic to take a bigger piece of the e-commerce pie, Steve Tadelis, economic analysis and policy professor at the University of California at Berkeley, told Fortune. 

    Shein has the largest fast-fashion market share in the U.S, and its annual profit doubled to $2 billion in 2023 from the year before. It’s eyeing an IPO and a whopping $90 billion valuation. While the size of its retail empire still pales in comparison to Amazon’s stranglehold on 38% of the U.S. e-commerce market, Tadelis said Shein will want to go after the industry leader. 

    “It shouldn’t be surprising that with all of the regulators around the world and talking about the Amazon monopoly that needs to be reined in, well, Shein is now taking a bite out of their apple and will probably take more of those bites,” he said.

    Shein’s big wins

    Shein, a China-based fast-fashion platform founded by billionaire Sky Xu in 2008, has skyrocketed to success and 45 million monthly users through its massive and efficient production and distribution strategies.

    Using AI and electronic monitoring, Shein is able to identify online trends, turn to its suppliers to manufacture small batches of products, then take initial sales data to decide to mass produce a product. The system nearly guarantees the company has its finger on the pulse of trends and can deliver goods fast, though it’s gotten into hot water over allegations of copyright infringement and data scraping, as well as the proliferation of counterfeit product listings.

    Even as regulatory bodies, like the European Union’s European Commission, have tried to put checks and balances on the company to stymie its questionable business practices, Shein may have found a way around that. 

    John Deighton, professor emeritus at the Harvard Business School, told Fortune that Shein’s strategy of incorporating more brand names onto its platform will only help the company dodge increased attention: The site could soon be flooded with thousands of listings from familiar and trusted products, such as Colgate toothpaste and Play-Doh, essentially telling regulatory bodies there’s nothing to see here.

    “They won’t get caught up by the scrutiny,” Deighton said.

    Butting heads with Amazon

    Shein’s behind-the-scenes methodology makes expanding beyond fashion a natural next step, Tadelis argued. With an efficient infrastructure in place, Shein is able to be more nimble in expanding outward from apparel.

    “I really think this is a smart business decision of saying, ‘We have an amazing logistics network, let’s start expanding it into other areas where we could procure cheap products,’” he added.

    Rui Ma, tech analyst and COO of market research platform AlphaWatch.AI, told Fortune that Shein’s secure spot in apparel offers another advantage in its race to beat Amazon. Fashion is a notoriously finicky sector, and Amazon, despite dipping its toe into the world of apparel, hasn’t been able to see the same success as Shein, Ma said.

    “It’s been very—historically—very difficult to match up demand supply,” she said. “It’s not been a particularly easy category.”

    But as Shein takes pages out of Amazon’s playbook, Amazon is simultaneously doing the same to Shein. Amazon announced last December it would slash seller fees from 17% to 5% for apparel under $15, with apparel between $15 to $20 triggering a 10% fee, starting in January. The company said on Monday its packages are getting delivered faster than ever: 60% of orders placed in 60 major U.S. cities arrived the same day or day after the order was placed. According to the company, that’s part of its longstanding efforts to stay on top of the e-commerce market and tend to customer needs. Shein customers may have to wait 14 days for their orders to arrive.

    Tadelis believes this is par for the course. Just as in most markets, company philosophies start to converge on each other when one finds an effective formula.

    “There’s no surprise that these things are looking more alike,” he said. “Because once there’s a good, winning strategy … then you’re going to see imitators.”

    For the consumer, there will certainly appear to be copycatting and similarities in promotions and perks across e-commerce platforms. But Ma said, don’t be fooled by Shein’s bid to mime its competitors. The site might start to look a lot like Amazon in its offerings, but behind the scenes, it’s very much sticking with its unique logistics network.

    “It might feel the same to us as consumers. It’s going to become more of an everything store,” she told Fortune. “But how it builds that experience, I think the logic is very different from Amazon.”

    [ad_2]

    Sasha Rogelberg

    Source link