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The Zacks Analyst Blog Highlights: Kohl's, Shoe Carnival, Movado Group and Dollar General
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For Immediate Release
Chicago, IL – November 23, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Kohl's Corporation (KSS - Free Report) , Shoe Carnival, Inc. (SCVL - Free Report) , Movado Group Inc. (MOV - Free Report) and Dollar General Corporation (DG - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Satisfy Your Black Friday Itch by Buying These Black Friday Stocks
An optimistic economic outlook coupled with improved consumer confidence could boost retail stocks this holiday season. More consumers are expected to visit brick-and-mortar stores to grab promotions and deals.
Therefore, this might be a good time to invest in some retail stocks as these could gain from well-prepared retailers and enthusiastic consumers.
More Consumers Likely to Shop
According to an annual survey by National Retail Federation (NRF) and Prosper Insights & Analytics, 164 million consumers could go shopping Thanksgiving Day through Cyber Monday. NRF further forecasted that holiday retail sales this November and December will rise 4.3-4.8% from last year’s sales figures.
The survey revealed that about 34 million consumers plan to shop on Thanksgiving Day while 116 million will splurge on Black Friday. Small Business Saturday might witness 67 million customers, followed by 32 million hitting the stores on Sunday. The shopping season will end on Cyber Monday, with an approximate 75 million customers expected to visit retail websites looking for bargains.
An increasing number of brick-and-mortar stores are now staying open on Thanksgiving to cash in on the pre-Black-Friday rush. Some of the large retailers that will open late afternoon on Thanksgiving Day are the likes of Walmart, Macy’s, DICK’s Sporting Goods, Best Buy and Target.
“Whether it’s heading to the stores after finishing their turkey or going online on Cyber Monday, consumers will be shopping all weekend and retailers will be ready to meet the demand,” said Matthew Shay, NRF President and CEO.
Strong US Economy to Favor Retailers
Per a holiday retail survey by Deloitte, consumers feel optimistic about the economy, their household finances and plans to spend over the holiday weekend. Consumers are extremely focused on value and price, which will go well with retailers since they are in good shape.
Consumer confidence increased in October to 137.9, following a modest gain in September. This reflects consumers’ optimism about their well-being. The labor market scenario is positive too, with non-farm payroll rising much more than expected in October, the Labor department cited earlier in November. The economy added 250,000 new jobs across major industries, much higher than analysts’ estimate of 190,000. The hiring was broad-based with no major industry responsible for layoffs.
Employee wages grew at an annual rate of 3.1% in October, up from September’s 2.8%. Private sector workers’ hourly earnings hit $27.30 in October, increasing 83 cents from a year ago. This annual wage growth is the strongest since April 2009. The country’s labor participation rate inched up as well, from 62.7% in September to 62.9% in October.
The above factors indicate that consumers are extremely bullish on the economy, which could well reflect in their spending plans for the holiday season.
4 Retail Stocks to Buy
We have hand-picked a few retail stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). All the stocks have outperformed their respective industries this year.
Kohl's Corporation is one of the most engaging retailers in America and carries a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 30.8% compared with the Zacks Retail - Regional Department Stores industry’s projected rise of 19.1%. The Zacks Consensus Estimate for the company’s current-year earnings rose 0.5% in the last 60 days.
Shoe Carnival, Inc. is one of the largest footwear retailers in the United States. The company carries a Zacks Rank #1. The company’s expected earnings growth rate for the current year is 59.7% compared with the Zacks Retail - Apparel And Shoes industry’s projected rise of 11.5%. The Zacks Consensus Estimate for the company’s current-year earnings increased 10.1% in the last 60 days.
Movado Group Inc. is one of the premium watchmakers worldwide. The company carries a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 27% compared with the Zacks Retail – Jewelry industry’s estimated rise of 7.9%. The Zacks Consensus Estimate for the company’s current-year earnings advanced 0.7% in the last 60 days.
Dollar General Corporation is a discount retailer and carries a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 35.9% compared with the Zacks Retail – Discount Stores industry’s projected rise of 18.8%. The Zacks Consensus Estimate for the company’s current-year earnings hasn’t changed in the last 60 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Kohl's, Shoe Carnival, Movado Group and Dollar General
For Immediate Release
Chicago, IL – November 23, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Kohl's Corporation (KSS - Free Report) , Shoe Carnival, Inc. (SCVL - Free Report) , Movado Group Inc. (MOV - Free Report) and Dollar General Corporation (DG - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Satisfy Your Black Friday Itch by Buying These Black Friday Stocks
An optimistic economic outlook coupled with improved consumer confidence could boost retail stocks this holiday season. More consumers are expected to visit brick-and-mortar stores to grab promotions and deals.
Therefore, this might be a good time to invest in some retail stocks as these could gain from well-prepared retailers and enthusiastic consumers.
More Consumers Likely to Shop
According to an annual survey by National Retail Federation (NRF) and Prosper Insights & Analytics, 164 million consumers could go shopping Thanksgiving Day through Cyber Monday. NRF further forecasted that holiday retail sales this November and December will rise 4.3-4.8% from last year’s sales figures.
The survey revealed that about 34 million consumers plan to shop on Thanksgiving Day while 116 million will splurge on Black Friday. Small Business Saturday might witness 67 million customers, followed by 32 million hitting the stores on Sunday. The shopping season will end on Cyber Monday, with an approximate 75 million customers expected to visit retail websites looking for bargains.
An increasing number of brick-and-mortar stores are now staying open on Thanksgiving to cash in on the pre-Black-Friday rush. Some of the large retailers that will open late afternoon on Thanksgiving Day are the likes of Walmart, Macy’s, DICK’s Sporting Goods, Best Buy and Target.
“Whether it’s heading to the stores after finishing their turkey or going online on Cyber Monday, consumers will be shopping all weekend and retailers will be ready to meet the demand,” said Matthew Shay, NRF President and CEO.
Strong US Economy to Favor Retailers
Per a holiday retail survey by Deloitte, consumers feel optimistic about the economy, their household finances and plans to spend over the holiday weekend. Consumers are extremely focused on value and price, which will go well with retailers since they are in good shape.
Consumer confidence increased in October to 137.9, following a modest gain in September. This reflects consumers’ optimism about their well-being. The labor market scenario is positive too, with non-farm payroll rising much more than expected in October, the Labor department cited earlier in November. The economy added 250,000 new jobs across major industries, much higher than analysts’ estimate of 190,000. The hiring was broad-based with no major industry responsible for layoffs.
Employee wages grew at an annual rate of 3.1% in October, up from September’s 2.8%. Private sector workers’ hourly earnings hit $27.30 in October, increasing 83 cents from a year ago. This annual wage growth is the strongest since April 2009. The country’s labor participation rate inched up as well, from 62.7% in September to 62.9% in October.
The above factors indicate that consumers are extremely bullish on the economy, which could well reflect in their spending plans for the holiday season.
4 Retail Stocks to Buy
We have hand-picked a few retail stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). All the stocks have outperformed their respective industries this year.
Kohl's Corporation is one of the most engaging retailers in America and carries a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 30.8% compared with the Zacks Retail - Regional Department Stores industry’s projected rise of 19.1%. The Zacks Consensus Estimate for the company’s current-year earnings rose 0.5% in the last 60 days.
Shoe Carnival, Inc. is one of the largest footwear retailers in the United States. The company carries a Zacks Rank #1. The company’s expected earnings growth rate for the current year is 59.7% compared with the Zacks Retail - Apparel And Shoes industry’s projected rise of 11.5%. The Zacks Consensus Estimate for the company’s current-year earnings increased 10.1% in the last 60 days.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Movado Group Inc. is one of the premium watchmakers worldwide. The company carries a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 27% compared with the Zacks Retail – Jewelry industry’s estimated rise of 7.9%. The Zacks Consensus Estimate for the company’s current-year earnings advanced 0.7% in the last 60 days.
Dollar General Corporation is a discount retailer and carries a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 35.9% compared with the Zacks Retail – Discount Stores industry’s projected rise of 18.8%. The Zacks Consensus Estimate for the company’s current-year earnings hasn’t changed in the last 60 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.