ReportWire

Tag: Retail/Wholesale

  • E Fund Management Co. Ltd. Boosts Stake in Starbucks Co. (NASDAQ:SBUX)

    E Fund Management Co. Ltd. Boosts Stake in Starbucks Co. (NASDAQ:SBUX)

    E Fund Management Co. Ltd. lifted its stake in Starbucks Co. (NASDAQ:SBUX – Free Report) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,347 shares of the coffee company’s stock after purchasing an additional 204 shares during the period. E Fund Management Co. Ltd.’s holdings in Starbucks were worth $883,000 at the end of the most recent reporting period.

    Several other hedge funds and other institutional investors have also recently modified their holdings of SBUX. Gryphon Financial Partners LLC increased its stake in shares of Starbucks by 96.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,213 shares of the coffee company’s stock worth $508,000 after purchasing an additional 2,558 shares in the last quarter. TrinityPoint Wealth LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $230,000. Hillsdale Investment Management Inc. increased its stake in shares of Starbucks by 5.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 3,269 shares of the coffee company’s stock worth $314,000 after purchasing an additional 180 shares in the last quarter. Assetmark Inc. increased its stake in shares of Starbucks by 14.5% in the 4th quarter. Assetmark Inc. now owns 95,372 shares of the coffee company’s stock worth $9,157,000 after purchasing an additional 12,089 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Starbucks by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 12,697 shares of the coffee company’s stock worth $1,219,000 after buying an additional 324 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

    Starbucks Trading Down 0.3 %

    Shares of NASDAQ:SBUX opened at $96.12 on Thursday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The company has a 50-day moving average price of $85.77 and a 200 day moving average price of $83.98. The company has a market cap of $108.92 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.38 and a beta of 0.96.

    Starbucks (NASDAQ:SBUX – Get Free Report) last announced its earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Starbucks Co. will post 3.56 EPS for the current year.

    Insider Buying and Selling at Starbucks

    In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jorgen Vig Knudstorp purchased 380 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $91.50 per share, with a total value of $34,770.00. Following the purchase, the director now directly owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company’s stock.

    Wall Street Analyst Weigh In

    A number of brokerages have issued reports on SBUX. DZ Bank lowered Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price target for the company. in a research note on Wednesday, August 21st. The Goldman Sachs Group began coverage on Starbucks in a research note on Thursday, June 13th. They issued a “buy” rating and a $100.00 price target for the company. Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $81.00 to $110.00 in a research note on Tuesday, August 13th. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $120.00 in a research note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Starbucks from a “hold” rating to a “buy” rating and increased their price target for the stock from $85.00 to $118.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $100.08.

    Get Our Latest Stock Report on SBUX

    Starbucks Profile

    (Free Report)

    Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.

    Read More

    Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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

    ABMN Staff

    Source link

  • PFG Investments LLC Sells 1,127 Shares of Dollar General Co. (NYSE:DG)

    PFG Investments LLC Sells 1,127 Shares of Dollar General Co. (NYSE:DG)

    PFG Investments LLC cut its position in shares of Dollar General Co. (NYSE:DG – Free Report) by 32.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,365 shares of the company’s stock after selling 1,127 shares during the period. PFG Investments LLC’s holdings in Dollar General were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

    Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Dollar General by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,391 shares of the company’s stock valued at $164,684,000 after purchasing an additional 51,937 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Dollar General by 3.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,996 shares of the company’s stock valued at $2,039,000 after acquiring an additional 551 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Dollar General by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,557 shares of the company’s stock worth $1,299,000 after acquiring an additional 407 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Dollar General by 21.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,485 shares of the company’s stock worth $31,421,000 after purchasing an additional 42,066 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Dollar General by 38.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 81,248 shares of the company’s stock valued at $11,046,000 after purchasing an additional 22,656 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

    Insider Activity at Dollar General

    In other news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dollar General news, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

    Analysts Set New Price Targets

    DG has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Barclays decreased their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, August 30th. Wells Fargo & Company reduced their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Finally, Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $113.95.

    Check Out Our Latest Report on DG

    Dollar General Stock Performance

    Shares of DG stock opened at $83.21 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The business has a 50-day simple moving average of $113.67 and a 200-day simple moving average of $132.50. The stock has a market cap of $18.30 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45.

    Dollar General (NYSE:DG – Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

    Dollar General Announces Dividend

    The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

    About Dollar General

    (Free Report)

    Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

    Featured Articles

    Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DG – Free Report).

    Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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

    ABMN Staff

    Source link

  • WP Advisors LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

    WP Advisors LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

    WP Advisors LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504 shares of the retailer’s stock after selling 72 shares during the period. WP Advisors LLC’s holdings in Costco Wholesale were worth $1,278,000 as of its most recent SEC filing.

    A number of other hedge funds have also modified their holdings of COST. Vanguard Group Inc. grew its stake in Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after acquiring an additional 473,702 shares during the period. Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $3,628,694,000. Capital World Investors grew its stake in Costco Wholesale by 8.1% in the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after acquiring an additional 285,533 shares during the period. Fisher Asset Management LLC grew its stake in Costco Wholesale by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock worth $1,844,581,000 after acquiring an additional 85,398 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Costco Wholesale by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock worth $1,754,489,000 after acquiring an additional 77,345 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

    Costco Wholesale Stock Performance

    Shares of COST stock opened at $892.38 on Friday. Costco Wholesale Co. has a 12 month low of $539.31 and a 12 month high of $918.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm has a market capitalization of $395.62 billion, a P/E ratio of 55.29, a P/E/G ratio of 5.98 and a beta of 0.78. The company’s fifty day moving average price is $854.20 and its two-hundred day moving average price is $794.02.

    Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. During the same quarter in the previous year, the business posted $3.43 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

    Costco Wholesale Announces Dividend

    The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

    Insider Transactions at Costco Wholesale

    In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

    Wall Street Analyst Weigh In

    COST has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Loop Capital lifted their target price on shares of Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Argus boosted their price objective on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, Barclays boosted their price objective on shares of Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $824.50.

    Check Out Our Latest Stock Report on Costco Wholesale

    Costco Wholesale Profile

    (Free Report)

    Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

    Featured Stories

    Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).

    Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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

    ABMN Staff

    Source link

  • Swedbank AB Reduces Stake in Starbucks Co. (NASDAQ:SBUX)

    Swedbank AB Reduces Stake in Starbucks Co. (NASDAQ:SBUX)

    Swedbank AB reduced its position in Starbucks Co. (NASDAQ:SBUX – Free Report) by 3.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 549,996 shares of the coffee company’s stock after selling 20,215 shares during the period. Swedbank AB’s holdings in Starbucks were worth $42,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Starbucks by 1.4% in the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 46,155 shares of the coffee company’s stock worth $3,593,000 after buying an additional 635 shares during the last quarter. ERn Financial LLC boosted its stake in shares of Starbucks by 7.1% in the 2nd quarter. ERn Financial LLC now owns 4,836 shares of the coffee company’s stock worth $376,000 after buying an additional 322 shares during the last quarter. Westside Investment Management Inc. lifted its position in Starbucks by 3.3% during the second quarter. Westside Investment Management Inc. now owns 13,220 shares of the coffee company’s stock valued at $1,039,000 after purchasing an additional 422 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in Starbucks by 1.8% during the second quarter. Brown Lisle Cummings Inc. now owns 8,302 shares of the coffee company’s stock valued at $646,000 after purchasing an additional 150 shares in the last quarter. Finally, Manchester Financial Inc. lifted its position in Starbucks by 5.3% during the second quarter. Manchester Financial Inc. now owns 27,482 shares of the coffee company’s stock valued at $2,139,000 after purchasing an additional 1,392 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

    Wall Street Analysts Forecast Growth

    Several equities analysts have recently commented on the company. DZ Bank downgraded Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Friday, May 3rd. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $120.00 in a research report on Wednesday. Baird R W upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Piper Sandler upgraded Starbucks from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $85.00 to $103.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Starbucks from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.79.

    Check Out Our Latest Stock Report on SBUX

    Insider Activity

    In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Insiders have sold 10,540 shares of company stock worth $879,291 in the last ninety days. Company insiders own 1.98% of the company’s stock.

    Starbucks Stock Performance

    NASDAQ SBUX opened at $94.81 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The firm has a market capitalization of $107.44 billion, a P/E ratio of 26.12, a PEG ratio of 1.80 and a beta of 0.94. The stock has a 50-day simple moving average of $78.23 and a two-hundred day simple moving average of $84.00.

    Starbucks (NASDAQ:SBUX – Get Free Report) last posted its earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the firm earned $1.00 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Starbucks Co. will post 3.55 earnings per share for the current year.

    Starbucks Announces Dividend

    The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

    About Starbucks

    (Free Report)

    Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.

    Read More

    Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX – Free Report).

    Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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

    ABMN Staff

    Source link

  • Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $53.00

    Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $53.00

    Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its target price reduced by stock analysts at Loop Capital from $58.00 to $53.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price objective indicates a potential upside of 6.40% from the stock’s current price.

    CMG has been the subject of a number of other reports. The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley increased their target price on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Chipotle Mexican Grill from $72.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.88.

    Read Our Latest Research Report on CMG

    Chipotle Mexican Grill Stock Performance

    NYSE:CMG opened at $49.81 on Thursday. The firm has a 50-day simple moving average of $125.36 and a 200-day simple moving average of $79.52. Chipotle Mexican Grill has a one year low of $35.37 and a one year high of $69.26. The firm has a market cap of $68.41 billion, a P/E ratio of 52.99, a P/E/G ratio of 2.07 and a beta of 1.24.

    Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 46.17%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.65 earnings per share. On average, research analysts predict that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.

    Institutional Inflows and Outflows

    Several institutional investors have recently made changes to their positions in CMG. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. Finally, ICA Group Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

    Chipotle Mexican Grill Company Profile

    (Get Free Report)

    Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

    Featured Articles

    Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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

    ABMN Staff

    Source link

  • Norden Group LLC Purchases 11,736 Shares of Walmart Inc. (NYSE:WMT)

    Norden Group LLC Purchases 11,736 Shares of Walmart Inc. (NYSE:WMT)

    Norden Group LLC grew its stake in Walmart Inc. (NYSE:WMT – Free Report) by 242.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,578 shares of the retailer’s stock after purchasing an additional 11,736 shares during the period. Norden Group LLC’s holdings in Walmart were worth $998,000 as of its most recent SEC filing.

    Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Baker Avenue Asset Management LP grew its position in Walmart by 26.0% in the 3rd quarter. Baker Avenue Asset Management LP now owns 5,324 shares of the retailer’s stock worth $852,000 after purchasing an additional 1,099 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Walmart by 30.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 9,414 shares of the retailer’s stock valued at $1,506,000 after acquiring an additional 2,206 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of Walmart by 0.3% during the 3rd quarter. Townsquare Capital LLC now owns 58,333 shares of the retailer’s stock valued at $9,329,000 after acquiring an additional 158 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Walmart by 1.5% during the 3rd quarter. Essex Financial Services Inc. now owns 9,017 shares of the retailer’s stock valued at $1,442,000 after acquiring an additional 132 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of Walmart by 5.2% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 30,105 shares of the retailer’s stock valued at $4,815,000 after acquiring an additional 1,490 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

    Analysts Set New Price Targets

    A number of research firms have commented on WMT. Citigroup boosted their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Barclays boosted their price target on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. TD Cowen boosted their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Raymond James boosted their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Jefferies Financial Group boosted their target price on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.47.

    Get Our Latest Report on WMT

    Walmart Stock Up 2.6 %

    Walmart stock opened at $70.04 on Friday. The stock has a market capitalization of $563.37 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 3.93 and a beta of 0.50. The company has a 50 day moving average of $64.93 and a 200-day moving average of $59.90. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $70.15. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

    Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current fiscal year.

    Insider Buying and Selling

    In related news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by company insiders.

    Walmart Profile

    (Free Report)

    Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

    See Also

    Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).

    Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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

    ABMN Staff

    Source link

  • Home Depot (NYSE:HD) Shares Down 1.9%

    Home Depot (NYSE:HD) Shares Down 1.9%

    The Home Depot, Inc. (NYSE:HD – Get Free Report)’s stock price was down 1.9% on Monday . The company traded as low as $337.49 and last traded at $337.60. Approximately 485,141 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,442,971 shares. The stock had previously closed at $344.24.

    Analyst Ratings Changes

    A number of equities research analysts have commented on the company. HSBC decreased their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. TD Cowen dropped their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Finally, Evercore ISI lifted their price objective on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $378.42.

    Check Out Our Latest Analysis on HD

    Home Depot Stock Performance

    The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company has a market cap of $332.16 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The stock has a 50 day moving average price of $338.51 and a two-hundred day moving average price of $352.69.

    Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same period last year, the company posted $3.82 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

    Home Depot Dividend Announcement

    The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

    Insider Activity at Home Depot

    In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

    Hedge Funds Weigh In On Home Depot

    A number of hedge funds and other institutional investors have recently modified their holdings of HD. Bare Financial Services Inc purchased a new stake in Home Depot in the fourth quarter worth $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter worth $27,000. Keener Financial Planning LLC purchased a new stake in Home Depot in the fourth quarter worth $31,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

    Home Depot Company Profile

    (Get Free Report)

    The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

    Further Reading

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

    ABMN Staff

    Source link

  • Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by New England Research & Management Inc.

    Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by New England Research & Management Inc.

    New England Research & Management Inc. lifted its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 160.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,923 shares of the retailer’s stock after buying an additional 4,882 shares during the quarter. New England Research & Management Inc.’s holdings in Walmart were worth $477,000 as of its most recent filing with the SEC.

    Several other hedge funds have also recently bought and sold shares of WMT. Lazard Asset Management LLC lifted its position in Walmart by 13.5% in the 3rd quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after purchasing an additional 8,747 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Walmart by 1.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 175,658 shares of the retailer’s stock valued at $28,093,000 after buying an additional 2,180 shares during the period. Axxcess Wealth Management LLC increased its stake in Walmart by 99.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 62,881 shares of the retailer’s stock valued at $10,057,000 after buying an additional 31,296 shares during the period. AXQ Capital LP acquired a new position in Walmart during the 3rd quarter valued at about $1,311,000. Finally, Augustine Asset Management Inc. increased its stake in Walmart by 10.8% during the 3rd quarter. Augustine Asset Management Inc. now owns 5,250 shares of the retailer’s stock valued at $840,000 after buying an additional 511 shares during the period. 26.76% of the stock is currently owned by institutional investors.

    Insider Buying and Selling at Walmart

    In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.20, for a total value of $895,125.00. Following the completion of the sale, the executive vice president now directly owns 645,540 shares in the company, valued at $44,025,828. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.20, for a total transaction of $895,125.00. Following the completion of the transaction, the executive vice president now directly owns 645,540 shares in the company, valued at approximately $44,025,828. The disclosure for this sale can be found here. Insiders sold 14,502,762 shares of company stock worth $951,475,618 over the last ninety days. 45.58% of the stock is currently owned by insiders.

    Analyst Upgrades and Downgrades

    Several equities analysts have commented on WMT shares. Jefferies Financial Group raised their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Stifel Nicolaus raised their target price on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research note on Friday, May 17th. HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Citigroup lifted their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.97.

    Read Our Latest Stock Report on WMT

    Walmart Stock Performance

    WMT stock opened at $67.71 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market cap of $544.63 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.91 and a beta of 0.52. The firm has a 50 day simple moving average of $64.07 and a 200 day simple moving average of $59.35. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04.

    Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

    Walmart Profile

    (Free Report)

    Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

    Further Reading

    Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).

    Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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

    ABMN Staff

    Source link

  • DGS Capital Management LLC Has $965,000 Position in Walmart Inc. (NYSE:WMT)

    DGS Capital Management LLC Has $965,000 Position in Walmart Inc. (NYSE:WMT)

    DGS Capital Management LLC lifted its stake in Walmart Inc. (NYSE:WMT – Free Report) by 297.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,044 shares of the retailer’s stock after purchasing an additional 12,006 shares during the period. DGS Capital Management LLC’s holdings in Walmart were worth $965,000 at the end of the most recent quarter.

    Other institutional investors have also recently bought and sold shares of the company. Valley Brook Capital Group Inc. grew its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares during the period. Core Wealth Advisors Inc. grew its holdings in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Motco grew its holdings in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the period. Tealwood Asset Management Inc. grew its holdings in Walmart by 200.0% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,754 shares of the retailer’s stock worth $346,000 after acquiring an additional 3,836 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after acquiring an additional 15,448 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

    Walmart Trading Up 0.2 %

    NYSE:WMT opened at $68.41 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $550.26 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.89 and a beta of 0.52. The firm has a fifty day simple moving average of $63.56 and a two-hundred day simple moving average of $59.05. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

    Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

    Insider Activity

    In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders sold 14,451,722 shares of company stock worth $947,990,915 over the last three months. 45.58% of the stock is currently owned by insiders.

    Wall Street Analyst Weigh In

    Several equities analysts have recently issued reports on WMT shares. Royal Bank of Canada boosted their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Evercore ISI boosted their price target on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Oppenheimer boosted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

    View Our Latest Analysis on Walmart

    About Walmart

    (Free Report)

    Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

    Read More

    Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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

    ABMN Staff

    Source link

  • Bath & Body Works (NYSE:BBWI) Issues FY25 Earnings Guidance

    Bath & Body Works (NYSE:BBWI) Issues FY25 Earnings Guidance

    Bath & Body Works (NYSE:BBWI – Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $3.05 and $3.35 for the period, compared to the consensus EPS estimate of $3.31. The company issued revenue guidance of flat to down 2.5% to ~$7.24-7.43 billion, compared to the consensus revenue estimate of $7.41 billion. Bath & Body Works also updated its FY 2024 guidance to 3.050-3.350 EPS.

    Wall Street Analysts Forecast Growth

    A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Bath & Body Works from $44.00 to $45.00 and gave the stock a neutral rating in a research report on Tuesday, April 9th. Wells Fargo & Company increased their price objective on Bath & Body Works from $42.00 to $48.00 and gave the company an equal weight rating in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on Bath & Body Works from $49.00 to $56.00 and gave the company a buy rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Bath & Body Works from $53.00 to $57.00 in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded Bath & Body Works from an underweight rating to a neutral rating and increased their price objective for the company from $40.00 to $53.00 in a research report on Friday, May 17th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $48.20.

    Get Our Latest Research Report on BBWI

    Bath & Body Works Stock Down 12.6 %

    NYSE:BBWI opened at $45.28 on Wednesday. Bath & Body Works has a 12-month low of $27.30 and a 12-month high of $52.99. The firm has a market capitalization of $10.13 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.66 and a beta of 1.90. The stock’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $44.03.

    Bath & Body Works Announces Dividend

    The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.77%. Bath & Body Works’s dividend payout ratio is currently 20.78%.

    Insider Transactions at Bath & Body Works

    In other news, insider Thomas E. Mazurek sold 4,285 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total value of $209,493.65. Following the transaction, the insider now directly owns 45,992 shares in the company, valued at approximately $2,248,548.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.

    About Bath & Body Works

    (Get Free Report)

    Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.

    Featured Stories

    Earnings History and Estimates for Bath & Body Works (NYSE:BBWI)

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

    ABMN Staff

    Source link

  • Hsbc Holdings PLC Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

    Hsbc Holdings PLC Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

    Hsbc Holdings PLC decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,491 shares of the company’s stock after selling 42,625 shares during the period. Hsbc Holdings PLC owned about 0.10% of Burlington Stores worth $12,593,000 at the end of the most recent quarter.

    Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in Burlington Stores by 44.0% during the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock worth $106,316,000 after acquiring an additional 239,955 shares during the last quarter. Norges Bank bought a new position in shares of Burlington Stores during the fourth quarter valued at about $145,471,000. Clearbridge Investments LLC boosted its holdings in Burlington Stores by 19.3% during the fourth quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after purchasing an additional 101,950 shares during the last quarter. Cooper Creek Partners Management LLC grew its position in Burlington Stores by 716.8% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock worth $82,644,000 after purchasing an additional 536,038 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Burlington Stores by 96.7% in the 4th quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares during the last quarter.

    Insider Activity at Burlington Stores

    In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

    Burlington Stores Trading Up 1.9 %

    Shares of BURL opened at $240.05 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.61 and a current ratio of 1.07. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $243.64. The firm has a 50 day moving average price of $197.09 and a 200-day moving average price of $194.09. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 1.32 and a beta of 1.54.

    Burlington Stores (NYSE:BURL – Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.44 earnings per share for the current year.

    Wall Street Analysts Forecast Growth

    Several equities analysts have recently issued reports on BURL shares. Citigroup upped their target price on Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company upped their price objective on Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird lifted their target price on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets raised their price target on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley lowered their price target on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.13.

    View Our Latest Stock Analysis on BURL

    About Burlington Stores

    (Free Report)

    Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.

    Recommended Stories

    Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL – Free Report).

    Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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

    ABMN Staff

    Source link

  • Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Nations Financial Group Inc. IA ADV

    Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Nations Financial Group Inc. IA ADV

    Nations Financial Group Inc. IA ADV reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 49.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,650 shares of the apparel retailer’s stock after selling 1,600 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Ross Stores were worth $228,000 at the end of the most recent reporting period.

    Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Ross Stores by 3.4% in the fourth quarter. Franklin Resources Inc. now owns 4,931,795 shares of the apparel retailer’s stock valued at $682,511,000 after acquiring an additional 161,202 shares during the period. Wellington Management Group LLP grew its holdings in shares of Ross Stores by 19.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,121,854 shares of the apparel retailer’s stock worth $465,563,000 after acquiring an additional 673,670 shares during the period. Norges Bank acquired a new position in Ross Stores during the fourth quarter worth $523,185,000. Northern Trust Corp boosted its position in Ross Stores by 1.9% during the third quarter. Northern Trust Corp now owns 3,677,191 shares of the apparel retailer’s stock worth $415,339,000 after purchasing an additional 68,518 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Ross Stores by 4.5% in the third quarter. Invesco Ltd. now owns 2,229,488 shares of the apparel retailer’s stock valued at $251,821,000 after purchasing an additional 95,386 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

    Ross Stores Stock Performance

    Shares of ROST opened at $137.64 on Wednesday. The company has a market capitalization of $46.34 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.03. Ross Stores, Inc. has a one year low of $100.66 and a one year high of $151.12. The company’s fifty day moving average price is $136.63 and its 200 day moving average price is $138.00.

    Ross Stores (NASDAQ:ROST – Get Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.83 billion. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, analysts expect that Ross Stores, Inc. will post 5.93 earnings per share for the current year.

    Ross Stores Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, June 11th. Ross Stores’s payout ratio is currently 24.79%.

    Ross Stores announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 5th that authorizes the company to repurchase $2.10 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

    Analysts Set New Price Targets

    A number of equities analysts have issued reports on ROST shares. The Goldman Sachs Group lifted their target price on shares of Ross Stores from $143.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Citigroup boosted their price target on Ross Stores from $147.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. UBS Group raised their price objective on Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Loop Capital raised their price target on Ross Stores from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, TD Cowen increased their price objective on shares of Ross Stores from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.58.

    Get Our Latest Stock Report on Ross Stores

    Insider Buying and Selling at Ross Stores

    In other news, CMO Brian R. Morrow sold 10,734 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $146.00, for a total transaction of $1,567,164.00. Following the completion of the transaction, the chief marketing officer now owns 62,711 shares of the company’s stock, valued at $9,155,806. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael K. Kobayashi sold 13,860 shares of Ross Stores stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $147.46, for a total transaction of $2,043,795.60. Following the sale, the insider now directly owns 61,657 shares in the company, valued at approximately $9,091,941.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Brian R. Morrow sold 10,734 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $146.00, for a total transaction of $1,567,164.00. Following the completion of the transaction, the chief marketing officer now directly owns 62,711 shares of the company’s stock, valued at approximately $9,155,806. The disclosure for this sale can be found here. Insiders sold a total of 71,097 shares of company stock valued at $10,396,178 in the last ninety days. Company insiders own 2.10% of the company’s stock.

    About Ross Stores

    (Free Report)

    Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

    Read More

    Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST – Free Report).

    Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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

    ABMN Staff

    Source link

  • Benjamin F. Edwards & Company Inc. Takes Position in Tapestry, Inc. (NYSE:TPR)

    Benjamin F. Edwards & Company Inc. Takes Position in Tapestry, Inc. (NYSE:TPR)

    Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,192 shares of the luxury accessories retailer’s stock, valued at approximately $117,000.

    A number of other hedge funds also recently bought and sold shares of TPR. Vanguard Group Inc. grew its holdings in shares of Tapestry by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 31,554,418 shares of the luxury accessories retailer’s stock valued at $907,190,000 after purchasing an additional 173,111 shares during the last quarter. FMR LLC grew its position in Tapestry by 2.0% during the 3rd quarter. FMR LLC now owns 14,018,492 shares of the luxury accessories retailer’s stock worth $403,032,000 after acquiring an additional 280,959 shares during the last quarter. Victory Capital Management Inc. increased its stake in Tapestry by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,763 shares of the luxury accessories retailer’s stock worth $196,183,000 after purchasing an additional 305,658 shares during the period. Ninety One UK Ltd lifted its position in Tapestry by 12.7% in the fourth quarter. Ninety One UK Ltd now owns 5,321,308 shares of the luxury accessories retailer’s stock valued at $195,877,000 after purchasing an additional 597,715 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Tapestry by 28.2% in the third quarter. Ameriprise Financial Inc. now owns 5,249,047 shares of the luxury accessories retailer’s stock worth $150,916,000 after purchasing an additional 1,154,808 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

    Analysts Set New Price Targets

    Several brokerages have weighed in on TPR. StockNews.com raised shares of Tapestry from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, February 29th. Raymond James increased their price objective on Tapestry from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. OTR Global reissued a “mixed” rating on shares of Tapestry in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on Tapestry from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average price target of $48.71.

    View Our Latest Stock Report on TPR

    Tapestry Trading Down 0.7 %

    NYSE TPR opened at $40.07 on Friday. The stock’s fifty day moving average price is $43.49 and its 200-day moving average price is $38.80. The company has a current ratio of 6.59, a quick ratio of 5.68 and a debt-to-equity ratio of 2.77. The stock has a market cap of $9.19 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.83 and a beta of 1.61. Tapestry, Inc. has a 12 month low of $25.99 and a 12 month high of $48.80.

    Tapestry (NYSE:TPR – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The luxury accessories retailer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. Tapestry had a net margin of 13.15% and a return on equity of 39.78%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts forecast that Tapestry, Inc. will post 4.23 EPS for the current fiscal year.

    Tapestry Announces Dividend

    The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, June 7th. Tapestry’s dividend payout ratio is currently 37.04%.

    About Tapestry

    (Free Report)

    Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

    Featured Articles

    Want to see what other hedge funds are holding TPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tapestry, Inc. (NYSE:TPR – Free Report).

    Institutional Ownership by Quarter for Tapestry (NYSE:TPR)

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

    ABMN Staff

    Source link

  • Savant Capital LLC Has $498,000 Stake in eBay Inc. (NASDAQ:EBAY)

    Savant Capital LLC Has $498,000 Stake in eBay Inc. (NASDAQ:EBAY)

    Savant Capital LLC increased its position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,411 shares of the e-commerce company’s stock after buying an additional 262 shares during the quarter. Savant Capital LLC’s holdings in eBay were worth $498,000 as of its most recent SEC filing.

    Other hedge funds have also modified their holdings of the company. CVA Family Office LLC bought a new position in eBay in the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. acquired a new position in eBay during the third quarter worth $46,000. Cambridge Trust Co. raised its position in eBay by 135.0% during the fourth quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after acquiring an additional 675 shares in the last quarter. NBC Securities Inc. acquired a new stake in eBay in the third quarter valued at $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of eBay in the 3rd quarter valued at about $71,000. 87.48% of the stock is currently owned by institutional investors.

    eBay Price Performance

    eBay stock opened at $49.65 on Monday. The firm has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.98 and a beta of 1.31. The stock’s 50 day moving average is $50.81 and its 200 day moving average is $44.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 2.44. eBay Inc. has a one year low of $37.17 and a one year high of $52.93.

    eBay (NASDAQ:EBAY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the company posted $0.87 earnings per share. eBay’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts expect that eBay Inc. will post 3.75 EPS for the current year.

    eBay Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is 21.51%.

    eBay declared that its board has initiated a share buyback program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

    Analysts Set New Price Targets

    Several research firms have recently commented on EBAY. Deutsche Bank Aktiengesellschaft upped their target price on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. UBS Group increased their price objective on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets boosted their target price on shares of eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Morgan Stanley decreased their price target on shares of eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Piper Sandler lifted their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $51.35.

    Check Out Our Latest Research Report on EBAY

    Insider Activity at eBay

    In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total value of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

    eBay Profile

    (Free Report)

    eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.

    Featured Stories

    Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).

    Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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

    ABMN Staff

    Source link

  • Van ECK Associates Corp Has $6.59 Million Position in Fastenal (NASDAQ:FAST)

    Van ECK Associates Corp Has $6.59 Million Position in Fastenal (NASDAQ:FAST)

    Van ECK Associates Corp lifted its holdings in Fastenal (NASDAQ:FAST – Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 101,713 shares of the company’s stock after purchasing an additional 5,509 shares during the quarter. Van ECK Associates Corp’s holdings in Fastenal were worth $6,588,000 as of its most recent SEC filing.

    Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fastenal by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,830,951 shares of the company’s stock valued at $751,780,000 after buying an additional 423,112 shares during the period. Morgan Stanley increased its holdings in Fastenal by 4.1% during the 3rd quarter. Morgan Stanley now owns 8,582,669 shares of the company’s stock worth $468,957,000 after purchasing an additional 337,168 shares in the last quarter. Northern Trust Corp raised its stake in shares of Fastenal by 5.9% in the 3rd quarter. Northern Trust Corp now owns 7,444,498 shares of the company’s stock valued at $406,767,000 after purchasing an additional 413,572 shares during the period. Invesco Ltd. raised its stake in shares of Fastenal by 16.5% in the 3rd quarter. Invesco Ltd. now owns 6,745,302 shares of the company’s stock valued at $368,563,000 after purchasing an additional 957,091 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Fastenal by 9.3% during the third quarter. Royal Bank of Canada now owns 6,651,629 shares of the company’s stock worth $363,445,000 after buying an additional 568,372 shares during the period. 81.38% of the stock is owned by institutional investors.

    Analyst Upgrades and Downgrades

    A number of analysts have recently issued reports on the stock. Loop Capital lowered their price objective on shares of Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a report on Monday, April 15th. HSBC raised their target price on shares of Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Robert W. Baird dropped their price target on shares of Fastenal from $77.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.67.

    Check Out Our Latest Report on FAST

    Fastenal Price Performance

    Fastenal stock opened at $68.43 on Friday. The company has a current ratio of 4.83, a quick ratio of 2.49 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $73.21 and its 200-day moving average is $67.01. Fastenal has a 12 month low of $52.85 and a 12 month high of $79.04. The company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 3.57 and a beta of 1.07.

    Fastenal (NASDAQ:FAST – Get Free Report) last announced its earnings results on Thursday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Fastenal will post 2.12 EPS for the current year.

    Fastenal Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, April 24th. Fastenal’s dividend payout ratio (DPR) is 77.23%.

    Insiders Place Their Bets

    In other Fastenal news, Director Daniel L. Johnson acquired 3,350 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was acquired at an average price of $68.38 per share, for a total transaction of $229,073.00. Following the purchase, the director now directly owns 10,595 shares of the company’s stock, valued at $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Fastenal news, Director Daniel L. Johnson acquired 3,350 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was acquired at an average price of $68.38 per share, for a total transaction of $229,073.00. Following the purchase, the director now directly owns 10,595 shares of the company’s stock, valued at $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony Paul Broersma sold 5,586 shares of Fastenal stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $69.34, for a total transaction of $387,333.24. The disclosure for this sale can be found here. Insiders sold 36,082 shares of company stock worth $2,584,060 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

    Fastenal Profile

    (Free Report)

    Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

    Recommended Stories

    Want to see what other hedge funds are holding FAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastenal (NASDAQ:FAST – Free Report).

    Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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

    ABMN Staff

    Source link

  • Truist Financial Corp Lowers Stake in Performance Food Group (NYSE:PFGC)

    Truist Financial Corp Lowers Stake in Performance Food Group (NYSE:PFGC)

    Truist Financial Corp cut its stake in Performance Food Group (NYSE:PFGC – Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,758 shares of the food distribution company’s stock after selling 12,233 shares during the period. Truist Financial Corp owned about 0.13% of Performance Food Group worth $13,468,000 as of its most recent SEC filing.

    Other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in shares of Performance Food Group by 16.1% in the 3rd quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company’s stock worth $373,684,000 after purchasing an additional 879,232 shares in the last quarter. Earnest Partners LLC boosted its stake in Performance Food Group by 162.5% in the third quarter. Earnest Partners LLC now owns 768,432 shares of the food distribution company’s stock worth $45,230,000 after buying an additional 475,683 shares in the last quarter. Palestra Capital Management LLC grew its position in Performance Food Group by 25.1% during the third quarter. Palestra Capital Management LLC now owns 2,259,010 shares of the food distribution company’s stock valued at $132,965,000 after acquiring an additional 453,453 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Performance Food Group by 333.1% during the third quarter. The Manufacturers Life Insurance Company now owns 504,311 shares of the food distribution company’s stock worth $29,684,000 after acquiring an additional 387,869 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Performance Food Group by 225.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 528,462 shares of the food distribution company’s stock worth $31,105,000 after acquiring an additional 365,997 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

    Performance Food Group Price Performance

    Shares of Performance Food Group stock opened at $68.43 on Thursday. The business has a 50 day moving average of $73.25 and a 200 day moving average of $68.78. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The company has a market cap of $10.65 billion, a PE ratio of 24.97, a P/E/G ratio of 0.93 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05.

    Performance Food Group (NYSE:PFGC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. As a group, equities research analysts forecast that Performance Food Group will post 4.26 earnings per share for the current year.

    Wall Street Analysts Forecast Growth

    Several equities analysts recently commented on the stock. Stephens increased their target price on shares of Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Barclays boosted their target price on Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley raised their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets increased their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

    Check Out Our Latest Research Report on PFGC

    About Performance Food Group

    (Free Report)

    Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.

    Featured Articles

    Want to see what other hedge funds are holding PFGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performance Food Group (NYSE:PFGC – Free Report).

    Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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

    ABMN Staff

    Source link

  • Sapient Capital LLC Invests $220,000 in Williams-Sonoma, Inc. (NYSE:WSM)

    Sapient Capital LLC Invests $220,000 in Williams-Sonoma, Inc. (NYSE:WSM)

    Sapient Capital LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,091 shares of the specialty retailer’s stock, valued at approximately $220,000.

    A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cerity Partners LLC raised its position in shares of Williams-Sonoma by 53.9% during the fourth quarter. Cerity Partners LLC now owns 11,393 shares of the specialty retailer’s stock worth $2,299,000 after purchasing an additional 3,988 shares during the period. GHP Investment Advisors Inc. raised its position in Williams-Sonoma by 16.0% during the fourth quarter. GHP Investment Advisors Inc. now owns 9,223 shares of the specialty retailer’s stock valued at $1,861,000 after buying an additional 1,269 shares during the period. Stiles Financial Services Inc raised its position in Williams-Sonoma by 60.8% during the fourth quarter. Stiles Financial Services Inc now owns 6,650 shares of the specialty retailer’s stock valued at $1,342,000 after buying an additional 2,514 shares during the period. WESPAC Advisors LLC acquired a new position in Williams-Sonoma during the fourth quarter valued at $552,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Williams-Sonoma during the fourth quarter valued at $2,307,000. 99.29% of the stock is owned by institutional investors and hedge funds.

    Insider Buying and Selling at Williams-Sonoma

    In other Williams-Sonoma news, CEO Marta Benson sold 17,816 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $308.19, for a total value of $5,490,713.04. Following the completion of the transaction, the chief executive officer now owns 68,597 shares of the company’s stock, valued at approximately $21,140,909.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $283.74, for a total value of $5,674,800.00. Following the completion of the transaction, the chief executive officer now owns 505,509 shares of the company’s stock, valued at approximately $143,433,123.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Marta Benson sold 17,816 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $308.19, for a total value of $5,490,713.04. Following the completion of the transaction, the chief executive officer now directly owns 68,597 shares of the company’s stock, valued at $21,140,909.43. The disclosure for this sale can be found here. Insiders sold a total of 41,145 shares of company stock valued at $12,182,219 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

    Williams-Sonoma Stock Down 0.1 %

    Shares of NYSE:WSM opened at $288.60 on Tuesday. The business has a 50 day moving average price of $263.77 and a 200 day moving average price of $210.51. Williams-Sonoma, Inc. has a twelve month low of $109.44 and a twelve month high of $319.78. The company has a market cap of $18.50 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.43 and a beta of 1.69.

    Williams-Sonoma (NYSE:WSM – Get Free Report) last announced its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, beating the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company earned $5.50 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts anticipate that Williams-Sonoma, Inc. will post 15.37 EPS for the current year.

    Williams-Sonoma Increases Dividend

    The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 19th will be paid a dividend of $1.13 per share. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.52 annualized dividend and a yield of 1.57%. Williams-Sonoma’s dividend payout ratio is presently 24.71%.

    Analyst Ratings Changes

    Several research analysts recently weighed in on the company. Robert W. Baird upped their price target on Williams-Sonoma from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Loop Capital upped their price target on Williams-Sonoma from $220.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Royal Bank of Canada boosted their target price on Williams-Sonoma from $261.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Barclays boosted their target price on Williams-Sonoma from $146.00 to $232.00 and gave the company an “underweight” rating in a research note on Friday, March 15th. Finally, Morgan Stanley upgraded Williams-Sonoma from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $155.00 to $270.00 in a research note on Thursday, March 14th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average price target of $249.31.

    Read Our Latest Stock Analysis on Williams-Sonoma

    Williams-Sonoma Profile

    (Free Report)

    Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

    See Also

    Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).

    Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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

    ABMN Staff

    Source link

  • Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Dfpg Investments LLC

    Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Dfpg Investments LLC

    Dfpg Investments LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,055 shares of the e-commerce giant’s stock after purchasing an additional 25,041 shares during the quarter. Amazon.com makes up approximately 2.3% of Dfpg Investments LLC’s portfolio, making the stock its 4th biggest position. Dfpg Investments LLC’s holdings in Amazon.com were worth $29,851,000 as of its most recent SEC filing.

    Several other institutional investors have also recently added to or reduced their stakes in the business. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Fiduciary Planning LLC lifted its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

    Amazon.com Stock Performance

    NASDAQ AMZN opened at $178.87 on Friday. The business’s 50-day moving average price is $168.24 and its 200 day moving average price is $150.01. The company has a market capitalization of $1.86 trillion, a PE ratio of 61.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a twelve month low of $96.29 and a twelve month high of $181.41.

    Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. On average, research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

    Insider Transactions at Amazon.com

    In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now owns 1,994,182 shares in the company, valued at $358,952,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,010 shares of company stock worth $5,505,133,106 in the last three months. 12.30% of the stock is currently owned by company insiders.

    Analyst Ratings Changes

    A number of brokerages have weighed in on AMZN. Oppenheimer boosted their price objective on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen boosted their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt boosted their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Wolfe Research boosted their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $197.95.

    Check Out Our Latest Analysis on Amazon.com

    Amazon.com Company Profile

    (Free Report)

    Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

    Featured Articles

    Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

    Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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

    ABMN Staff

    Source link

  • Hudson Bay Capital Management LP Invests $4.10 Million in Williams-Sonoma, Inc. (NYSE:WSM)

    Hudson Bay Capital Management LP Invests $4.10 Million in Williams-Sonoma, Inc. (NYSE:WSM)

    Hudson Bay Capital Management LP bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) in the third quarter, Holdings Channel reports. The fund bought 26,398 shares of the specialty retailer’s stock, valued at approximately $4,102,000.

    A number of other hedge funds have also made changes to their positions in WSM. Loomis Sayles & Co. L P boosted its position in shares of Williams-Sonoma by 129.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Denali Advisors LLC acquired a new stake in Williams-Sonoma in the third quarter valued at approximately $32,000. Bessemer Group Inc. increased its position in Williams-Sonoma by 863.6% during the fourth quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock worth $25,000 after buying an additional 190 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Williams-Sonoma by 820.0% during the third quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 205 shares during the last quarter. Finally, Quarry LP lifted its position in Williams-Sonoma by 229.8% during the 1st quarter. Quarry LP now owns 277 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

    Analyst Ratings Changes

    Several research firms recently weighed in on WSM. Bank of America increased their target price on shares of Williams-Sonoma from $222.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Wedbush boosted their price target on shares of Williams-Sonoma from $230.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their price objective on shares of Williams-Sonoma from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Loop Capital restated a “hold” rating and set a $220.00 target price (up previously from $200.00) on shares of Williams-Sonoma in a report on Tuesday, March 5th. Finally, Evercore ISI lifted their price target on Williams-Sonoma from $160.00 to $175.00 and gave the company an “in-line” rating in a report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $188.81.

    View Our Latest Report on Williams-Sonoma

    Williams-Sonoma Stock Up 0.7 %

    WSM opened at $285.90 on Friday. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.93 and a beta of 1.66. The company has a 50-day simple moving average of $219.31 and a 200 day simple moving average of $185.31. Williams-Sonoma, Inc. has a twelve month low of $109.44 and a twelve month high of $292.40.

    Williams-Sonoma (NYSE:WSM – Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, beating the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the business posted $5.50 EPS. Williams-Sonoma’s revenue for the quarter was down 7.1% on a year-over-year basis. Sell-side analysts anticipate that Williams-Sonoma, Inc. will post 14.72 EPS for the current fiscal year.

    Williams-Sonoma Increases Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 19th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, April 18th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 annualized dividend and a dividend yield of 1.58%. Williams-Sonoma’s dividend payout ratio is 24.71%.

    Insider Buying and Selling

    In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $201.92, for a total transaction of $4,038,400.00. Following the completion of the sale, the chief executive officer now directly owns 525,509 shares in the company, valued at approximately $106,110,777.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

    Williams-Sonoma Company Profile

    (Free Report)

    Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

    Read More

    Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).

    Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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

    ABMN Staff

    Source link

  • Nordstrom (NYSE:JWN) PT Raised to $20.00 at Piper Sandler

    Nordstrom (NYSE:JWN) PT Raised to $20.00 at Piper Sandler

    Nordstrom (NYSE:JWN – Get Free Report) had its price objective increased by analysts at Piper Sandler from $17.00 to $20.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. Piper Sandler’s price objective would suggest a potential upside of 18.34% from the stock’s current price.

    Other research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of Nordstrom from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 28th. StockNews.com upgraded shares of Nordstrom from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group reduced their price objective on shares of Nordstrom from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Citigroup reduced their price objective on shares of Nordstrom from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Telsey Advisory Group boosted their price objective on shares of Nordstrom from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.00.

    Read Our Latest Report on Nordstrom

    Nordstrom Trading Down 3.6 %

    Shares of JWN stock opened at $16.90 on Wednesday. The company’s 50-day moving average price is $19.04 and its 200-day moving average price is $16.60. The company has a current ratio of 1.02, a quick ratio of 0.29 and a debt-to-equity ratio of 3.08. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.90 and a beta of 2.59. Nordstrom has a twelve month low of $12.88 and a twelve month high of $23.53.

    Nordstrom (NYSE:JWN – Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The specialty retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Nordstrom had a net margin of 0.91% and a return on equity of 49.30%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, equities analysts predict that Nordstrom will post 1.89 earnings per share for the current year.

    Institutional Trading of Nordstrom

    Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Nordstrom during the second quarter worth approximately $29,000. Hexagon Capital Partners LLC increased its stake in shares of Nordstrom by 77.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,989 shares of the specialty retailer’s stock worth $37,000 after buying an additional 869 shares during the period. Advisory Services Network LLC increased its stake in shares of Nordstrom by 315.9% during the first quarter. Advisory Services Network LLC now owns 2,487 shares of the specialty retailer’s stock worth $40,000 after buying an additional 1,889 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Nordstrom during the third quarter worth approximately $45,000. Finally, Dark Forest Capital Management LP increased its stake in shares of Nordstrom by 194.2% during the first quarter. Dark Forest Capital Management LP now owns 3,195 shares of the specialty retailer’s stock worth $52,000 after buying an additional 2,109 shares during the period. 62.56% of the stock is currently owned by hedge funds and other institutional investors.

    About Nordstrom

    (Get Free Report)

    Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; and clearance stores under the Last Chance name.

    See Also

    Analyst Recommendations for Nordstrom (NYSE:JWN)

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

    ABMN Staff

    Source link