Target
The big-box retailer has had a tough year, but holiday numbers show things may be turning around in a big way. Target Corp. (NYSE: TGT) operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy and frozen items. It offers apparel, accessories, home décor products, electronics, toys, seasonal offerings, food and other merchandise, as well as beauty and household essentials.
Target also provides in-store amenities, such as Target Café, Target Optical, Starbucks and other food service offerings.
Target’s online sales rose 44% from Black Friday to Cyber Monday, according to Slice Research. That online strength is expected to carry into December.
Shareholders receive a 2.61% dividend. J.P. Morgan’s $201 target price is well above the $176.40 consensus target. Wednesday’s closing print for Target stock was $167.07.
Walmart
The giant retailer continued its massive online sales growth for the holiday season and remains a great inflation-fighting stock to own. Walmart Inc. (NYSE: WMT) is the world’s largest retailer, operating retail stores under the formats of Walmart Stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States, as well as a growing e-commerce business. Internationally Walmart also operates locations in several countries, including Argentina, Brazil, Canada, China, Japan, Mexico and the United Kingdom.
Each week, nearly 260 million customers and members visit the company’s 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. It had fiscal 2021 revenue of nearly $560 billion, and Walmart employs approximately 2.2 million associates worldwide.
While Walmart did not quite get the massive market share that Amazon enjoyed, it did grab 10% of online spending between Black Friday and Cyber Monday. And that fits right in with the 50% increase in online shopping for the company in the most recent quarter.
Walmart stock comes with a 1.46% dividend. The target price at Morgan Stanley is $165. The consensus target is $160.27, and shares closed at $152.42 on Wednesday.
It comes as no surprise that the companies that have spent the past decade focusing on the emerging cyber retail trends would be the ones that reap the biggest benefits when the holiday season rolls around. While the final numbers are not in until January, it is a good bet that these five will end up in the winners’ circle come the new year.
Originally published at 24/7 Wall St.
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