Posted on Tuesday, October 27th, 2020 by MarketBeat Staff
There are more than 500 national retailers traded on the NYSE and the NASDAQ. Given the sheer number of big box stores, warehouse clubs, restaurant chains and other retail stores listed on public markets, it can be hard to identify which retailers are going to outperform the market.
Fortunately, some of Wall Street's top analysts have already done most of the work for us.
Every year, analyst issue approximately 4,200 distinct recommendations for retail companies. Analysts may not always get their "buy" ratings right, but it's worth taking a hard look when several analysts from different brokerages and research firm are giving "strong buy" and "buy" ratings to the same retailer.
This slide show lists the 8 retail companies that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.
#1 - Academy Sports and Outdoors (
NYSE:ASO)
Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $20.67 (39.6% Upside)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells a range of sporting and outdoor recreation products, including sporting equipment, apparel, footwear, camping gear, patio furniture, outdoor cooking equipment, and hunting and fishing gears primarily under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, and Outdoor Gourmet brand names.
Read More #2 - Prosus (
OTCMKTS:PROSY)
Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 8 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A
Prosus N.V. engages in the e-commerce and internet businesses. It operates internet platforms, such as classifieds, payments and fintech, food delivery, travel, education, etail, health, social, and other internet platforms. It has operations in the Americas, Africa, Central and Eastern Europe, and Asia.
Read More #3 - NetSTREIT (
NASDAQ:NTST)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 9 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $21.39 (18.6% Upside)
NetSTREIT is a Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring Single-Tenant Net Lease Retail properties nationwide. The growing portfolio consists of high quality single tenant real estate properties net leased to e-commerce resistant tenants with healthy balance sheets.
Read More #4 - GrowGeneration (
NASDAQ:GRWG)
Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $16.14 (10.2% Downside)
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools.
Read More #5 - Amazon.com (
NASDAQ:AMZN)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 46 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $3,495.59 (9.0% Upside)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
Read More #6 - Dollar General (
NYSE:DG)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 19 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $215.43 (1.6% Upside)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry products; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
Read More #7 - AutoZone (
NYSE:AZO)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 17 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $1,330.00 (15.5% Upside)
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
Read More #8 - Restaurant Brands International (
NYSE:QSR)
Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 16 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $61.28 (10.6% Upside)
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
Read More #9 - McDonald's (
NYSE:MCD)
Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 22 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $222.44 (0.8% Downside)
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.
#10 - Mercadolibre (
NASDAQ:MELI)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 15 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $1,101.69 (14.0% Downside)
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.
Read More #11 - Canadian Tire (
OTCMKTS:CDNAF)
Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 4 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $142.33 (20.9% Upside)
Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting goods, and petroleum under the Canadian Tire, PartSource, Petroleum, Gas+, Party City, Mark's, Mark's Work Wearhouse, L'Ãquipeur, Helly Hansen, SportChek, Sports Experts, Atmosphere, Pro Hockey Life, National Sports, Sports Rousseau, and Hockey Experts banners.
Read More #12 - Walmart (
NYSE:WMT)
Consensus Rating: Buy
Rating Score: 2.6
Ratings Breakdown: 26 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $141.35 (0.6% Downside)
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
Read More #13 - Target (
NYSE:TGT)
Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 20 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $141.64 (10.3% Downside)
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
Read More #14 - Jumia Technologies (
NYSE:JMIA)
Consensus Rating: Hold
Rating Score: 2.0
Ratings Breakdown: 1 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $10.00 (44.5% Downside)
Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets.
Read More #15 - Sleep Country Canada (
OTCMKTS:SCCAF)
Consensus Rating: Buy
Rating Score: 2.6
Ratings Breakdown: 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $18.60 (24.7% Upside)
Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.
Read More
7 Tech Stocks To Buy On Sale
This too shall pass. Those four words should be taped to the computer screen of every investor. If you own shares of the tech sector, you’ve seen your portfolio take quite a hit. Tech stocks were largely immune from the effects of the pandemic.
However, as investors are looking to rebalance their portfolios, tech stocks were obvious targets for some profit-taking. And at the end of the day, that’s what I believe the latest tech selloff amounts to. Stocks don’t move in one direction all the time. Sure, there may be some saber-rattling about breaking up big tech. But with an election in less than two months, nobody will have the political will to do anything.
That doesn’t mean that it’s all going to be smooth sailing. Sure, the Federal Reserve did its part by promising low-interest rates until the end of time (or at least through 2023 whatever comes first). But the rest of 2020 is likely to be volatile for stocks.
First, there’s still the novel coronavirus hanging around. It’s not going to simply disappear after election day. That will take some combination of a vaccine and/or therapeutic. And all the likely candidates seem to be getting farther away the deeper into clinical trials they get.
And we have an election. But we are not likely to know the winner of the election on election night. In fact, for those who remember the spectacle of “hanging chads”, this election could make that one look like amateur hour.
The bottom line is there will be uncertainty. But there are always gains to be found, particularly now that their stock price has come down a little bit. Here are seven tech stocks that you can look to add or increase a position in now that they’re trading at a discount.
View the "7 Tech Stocks To Buy On Sale" Here.
