Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- 3 Top-Ranked Consumer ETFs to Buy Now
- This Week's Top Value Stocks
- RTI: When Will We Finally See a Pullback?
- RTI: When is the Fed's "Taper Telegraph" Coming?
- Insurance Industry Stock Outlook - May 2013
- Top Stocks with Big Potential Catch-Up Moves
- Roundtable Top Picks of the Week
- The Mega-Rally Rolls On
- Biotechnology ETF Investing 101
- AWS 5/22: Will Bernanke Show His Hand?
- PFP 5/22: Singular Stock Focus Continues
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/22/2013
| Company Name | Symbol | %Change |
|---|---|---|
| ALLIANCE FIB | AFOP | 15.75% |
| A M R CP | AAMRQ | 8.29% |
| SANTARUS INC | SNTS | 6.85% |
| JAZZ PHARMAC | JAZZ | 6.33% |
| OLD SECOND B | OSBC | 5.64% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
The company also recently announced its first dividend hike in three years. It is a Zacks #2 Rank (Buy) stock.
Company Description
Ruddick Corporation operates two subsidiaries: Harris Teeter, Inc., a regional supermarket chain in the southeastern and mid-Atlantic United States, and American & Efird (A&E), a global manufacturer and distributor of industrial sewing thread, embroidery thread and technical textiles.
Harris Teeter is definitely the bigger of the two, accounting for 93% of total revenue in the fourth quarter of 2010.
Fourth Quarter Results
Ruddick reported fourth quarter earnings per share of 64 cents, a 31% increase over the same quarter in 2009. This beat the Zacks Consensus Estimate by 8 cents.
Total sales for the fourth quarter increased 13.5% over the same quarter in 2009 due in part to an extra week of operations in the quarter. The Harris Teeter division saw sales growth of 12.5% due to incremental sales from new stores and the extra week. Same-store sales were down 0.1%.
A&E sales jumped 30.2% year-over-year thanks to a rebound in retail sales of the apparel and automobile industries.
Meanwhile, the overall gross margin inched up from 29.2% of sales to 29.4%, while operating profit increased 30%.
Outlook
The company stated that it remains cautious in its expectations for 2011 due to the current economic environment.
Nonetheless, estimates moved higher off the strong quarter. The Zacks Consensus Estimate for 2011 is $2.45, representing 7% EPS growth over 2009. The 2012 is $2.70, equating to 10% growth.
Dividend
Ruddick recently raised its quarterly dividend for the first time since 2007 - from 12 cents a share to 13 cents. It marks just the fourth increase since 2000, however.
The stock currently yields about 1.4%.
Valuation
Shares are trading at 15.5x forward estimates, a discount to the industry average of 17.1x. Its PEG ratio is a reasonable 1.3.
The price to book ratio of 2.1 is also slightly below the industry average of 2.3.
Ruddick Corporation was founded in 1891 and is headquartered in Charlotte, North Carolina. It has a market cap of $1.9 billion.
Todd Bunton is the Growth & Income Stock Strategist for Zacks.com.
Read the full reports :
Snapshot Report on HTSI