Five retail stocks to explore as customers flock to stores

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Five retail stocks to explore as customers flock to stores

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 Five retail stocks to explore as customers flock to stores
Image source: Kamil Macniak, Shutterstock

Highlights

  • The Shopify Inc. (NYSE: SHOP) stock price surged around 35% YTD.
  • The Best Buy Co., Inc. (NYSE: BBY) logged revenue of US$11.84 billion in Q2.
  • The stock value of Macy's Inc (NYSE: M) jumped over 100% YTD.

Retail companies provide a wide range of durable and no-durable ready-to-use products. Their product portfolio includes both personal and household goods like clothes, kitchen appliances, electronic goods, groceries, etc. Also, these companies may have both online and physical stores. Here we explore five retail stocks that are in the limelight of late.

Shopify Inc. (NYSE: SHOP)


The Ottawa-based firm’s total revenue surged 57 percent YoY to US$1.1 billion in the second quarter of fiscal 2021. Its operating income was US$139.4 million compared to US$0.3 million in the year-ago quarter.


In addition, it reported a net income of US$879.1 million or US$6.90 per diluted share, compared to US$36 million or US$0.29 per diluted share in the same period the earlier year.


The Shopify stock closed at US$1538.51 on August 24. SHOP rose around 35 percent YTD. Its market cap is US$193.03 billion, the P/E ratio is 79.86, and the forward P/E one year is 968.24. Its earnings per share (EPS) are US$19.37. The 52-week highest and the lowest stock prices were US$1,650.00 and US$839.40. Its share volume on August 24 was 1,356,758.

 

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Naked Brand Group Limited (NASDAQ: NAKD)

The New York-based company’s revenue was NZ$80.03 million for the fiscal year ended January 31, 2021, compared to NZ$90.06 million in the previous fiscal year. Its gross profit came in at NZ$33.89 million compared to NZ$33.81 million in the year ended on January 31, 2020.The stock of the apparel and swimwear company was priced at US$0.625 at the close on August 24. The NAKD stock rose around 153 percent YTD. Its market cap is US$574 million. The 52-week highest and the lowest stock prices were US$3.40 and US$0.07. Its share volume on August 24 was 128,921,800.

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Best Buy Co., Inc. (NYSE: BBY)

The Minnesota-based firm reported Q2 earnings on Tuesday. Its revenue was US$11.84 billion compared to US$9.91 billion in the year-ago quarter. Its gross profit came in at US$2.81 billion.

The net earnings were US$734 million or US$2.90 per diluted share in Q2, 2021, compared to US$432 million, or US$1.65 per diluted share in the same quarter the earlier year.


The stock of this consumer electronics company closed at US$121.49 on August 24. The BBY stock rose around 11 percent YTD. Its market cap is US$30.82 billion, the P/E ratio is 14.4, and the forward P/E one year is 13.15. Its earnings per share (EPS) are US$8.55.

The 52-week highest and the lowest stock prices were US$128.57 and US$95.93. Its share volume on August 24 was 11,896,880.

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Camping World Holdings, Inc. (NYSE: CWH)

The Illinois-based firm’s revenue jumped 28.3 percent YoY to US$2.062 billion in Q2, 2021. Its gross profit was US$759.8 million, up 55.5 percent from the year-ago quarter.

The net income surged 50.8 percent YoY to US$246.1 million or US$2.33 per diluted share, in Q2 of fiscal 2021. Its adjusted EBITDA came in at US$333.3 million, an increase of US$112.6 million from the year-ago quarter.

The CWH stock was trading at US$39.45 at the close on August 24. The stock rose around 40 percent YTD. Its market cap is US$3.40 billion, the P/E ratio is 7.07, and the forward P/E one year is 6.50. Its earnings per share (EPS) are US$5.51. The 52-week highest and the lowest stock prices were US$48.50 and US$22.60. Its share volume on August 24 was 2,937,770.

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Macy's Inc (NYSE: M)

The company’s net sales were US$5.6 billion in Q2, 2021, compared to US$3.5 billion in the year-ago quarter. Its operating income came in at US$597 million compared to a loss of US$631 million in the same period in the prior year. 


Macy’s net income was US$345 million or US$1.08 per diluted share compared to a net loss of US$431 million or US$1.39 per diluted share in the year-ago quarter.


The stock of the departmental store operator closed at US$23.48 on August 24. The stock value of Macy's rose 100 percent YTD. Its market cap is US$7.26 billion, the P/E ratio is 14.47, and the forward P/E one year is 6.04. Its earnings per share (EPS) are US$1.61.

The 52-week highest and lowest stock prices were US$22.63 and US$5.57. Its share volume on August 24 was 23,134,590.

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Bottom Line

Many retailers had turned their focus to online sales during the lockdowns. As a result, e-commerce grew at a rapid pace. These companies have recorded strong revenue in the recent quarters even as they ramped up their operations post restrictions. Experts believe the retail sector will continue to gain momentum with more customers flocking the stores.

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