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It’s been a tough time for most retailers thanks mainly to the “Amazon effect”. Most retail stocks were hammered earlier this year but some of them surged in August since results were not as bad as feared.
These stocks have seen some profit taking this month, which was to be expected. That has given investors another chance to look at these companies particularly since the consumer data has been so encouraging of late. It appears that the Americans may have finally started spending the money they save at gas pumps. And we know that the Fed will be in hurry to raise rates.
They own Victoria’s Secret and Bath & Body Works brands. These are both very strong, market leading brands and very loyal customers, making them somewhat immune to the Amazon effect.
Unlike most other mall based retailers which reported declining sales, L Brands sales actually grew 5% during the second quarter. Both revenues and earnings were ahead of the Zacks Consensus Estimates and they also raised their guidance for the year—so that’s a triple play stock.
The company has an excellent record of earnings beat—not a single miss in the last five years!
The stock has a Zacks Rank #2 (Buy) and a VGM score of “B” and to top it all the dividend yield is 3.27%. The expected EPS growth is 11.3% over the next 3-5 years.
Nordstrom is a leading fashion specialty retailer. They operate high end full prices stores as well as some discount stores.
Nordstrom delivered a big earnings beat but their sales were slightly shy of the Zacks Consensus Estimate. While sales at their full-price stores fell, sales at their discount stores, Nordstrom Rack and Hautelook surged. Solid expense control and inventory management aided results. The management raised earnings guidance for the year.
The stock has a Zacks Rank #2 (Buy) and a VGM score of “A”. It has a dividend yield of 2.96% and expected EPS growth of 9.7% over the next 3-5 years.
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It’s been a tough time for most retailers thanks mainly to the “Amazon effect”. Most retail stocks were hammered earlier this year but some of them surged in August since results were not as bad as feared.
These stocks have seen some profit taking this month, which was to be expected. That has given investors another chance to look at these companies particularly since the consumer data has been so encouraging of late. It appears that the Americans may have finally started spending the money they save at gas pumps. And we know that the Fed will be in hurry to raise rates.
L Brands (LB - Free Report)
They own Victoria’s Secret and Bath & Body Works brands. These are both very strong, market leading brands and very loyal customers, making them somewhat immune to the Amazon effect.
Unlike most other mall based retailers which reported declining sales, L Brands sales actually grew 5% during the second quarter. Both revenues and earnings were ahead of the Zacks Consensus Estimates and they also raised their guidance for the year—so that’s a triple play stock.
The company has an excellent record of earnings beat—not a single miss in the last five years!
The stock has a Zacks Rank #2 (Buy) and a VGM score of “B” and to top it all the dividend yield is 3.27%. The expected EPS growth is 11.3% over the next 3-5 years.
Nordstrom (JWN - Free Report)
Nordstrom is a leading fashion specialty retailer. They operate high end full prices stores as well as some discount stores.
Nordstrom delivered a big earnings beat but their sales were slightly shy of the Zacks Consensus Estimate. While sales at their full-price stores fell, sales at their discount stores, Nordstrom Rack and Hautelook surged. Solid expense control and inventory management aided results. The management raised earnings guidance for the year.
The stock has a Zacks Rank #2 (Buy) and a VGM score of “A”. It has a dividend yield of 2.96% and expected EPS growth of 9.7% over the next 3-5 years.