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US-England World Cup game seen by 19.98M on US television
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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
US-England World Cup game seen by 19.98M on US television
Bird flu prompts slaughter of 1.8M chickens in Nebraska
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
US-England World Cup game seen by 19.98M on US television
Bird flu prompts slaughter of 1.8M chickens in Nebraska
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
US-England World Cup game seen by 19.98M on US television
Bird flu prompts slaughter of 1.8M chickens in Nebraska
NYSE:RAD

Rite Aid - RAD Stock Forecast, Price & News

$5.43
+0.15 (+2.84%)
(As of 11/25/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.20
$5.44
50-Day Range
$3.86
$7.57
52-Week Range
$3.84
$15.62
Volume
696,749 shs
Average Volume
1.70 million shs
Market Capitalization
$306.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.75

Rite Aid MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
30.9% Downside
$3.75 Price Target
Short Interest
Healthy
18.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.85
Upright™ Environmental Score
News Sentiment
0.25mentions of Rite Aid in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.11) to ($0.08) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.11 out of 5 stars

Retail/Wholesale Sector

216th out of 219 stocks

Drug Stores & Proprietary Stores Industry

6th out of 6 stocks

RAD stock logo

About Rite Aid (NYSE:RAD) Stock

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and general merchandise, pet care, and a variety of other everyday and convenience products, as well as brand and generic prescription drugs; and a private brand product line. It also operates retail pharmacies and clinics; and offers healthcare services, including administering immunizations for COVID-19, the flu, shingles, and others; assists its customers with high blood pressure, cholesterol, and diabetes; provides guidance on combating obesity and tobacco addiction; and educates customers on managing medications and potential side effects. In addition, this segment offers healthcare coaching and disease management services to health plans and employers. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. As of February 26, 2022, the company operated 2,450 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania.

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RAD Stock News Headlines

Rite Aid: Time For A Recovery Buy
4 Secrets to Saving Money at Rite Aid
RAD Rite Aid Corporation
Why Rite Aid's Shares Jumped 15.3% on Tuesday
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RAD Company Calendar

Last Earnings
9/29/2022
Today
11/27/2022
Next Earnings (Estimated)
12/20/2022
Fiscal Year End
2/28/2023

Industry, Sector and Symbol

Industry
Drug stores & proprietary stores
Sub-Industry
Drug Retail
CUSIP
76775410
Employees
53,000
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$3.75
High Stock Price Forecast
$4.50
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
-30.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
2 Analysts

Profitability

Net Income
$-538,480,000.00
Pretax Margin
-3.55%

Debt

Sales & Book Value

Annual Sales
$24.57 billion
Cash Flow
$7.99 per share
Book Value
$1.78 per share

Miscellaneous

Free Float
55,257,000
Market Cap
$306.96 million
Optionable
Optionable
Beta
1.17

Social Links


Key Executives

  • Ms. Heyward Rutledge Donigan B.A. (Age 61)
    Pres, CEO & Director
    Comp: $3.36M
  • Mr. Matthew C. Schroeder (Age 52)
    CFO & Exec. VP
    Comp: $1.66M
  • Mr. Paul D. Gilbert (Age 55)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.05M
  • Mr. Brian T. Hoover (Age 57)
    Chief Accounting Officer & Sr. VP
  • Mr. Justin L. Mennen (Age 41)
    Exec. VP and Chief Technology & Digital Officer
  • Byron Purcell
    VP of Investor Relations & Treasurer
  • Joy Errico Seusing
    Sr. VP & Chief Communications Officer
  • Mr. Frank G. Vitrano (Age 67)
    Chief Strategic Bus. Devel. Officer
  • Ms. Jessica Kazmaier (Age 44)
    Exec. VP & Chief HR Officer
  • Mr. Christopher S. Hall (Age 57)
    Sr. VP of Pharmacy Services













RAD Stock - Frequently Asked Questions

Should I buy or sell Rite Aid stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 2 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" RAD shares.
View RAD analyst ratings
or view top-rated stocks.

What is Rite Aid's stock price forecast for 2023?

2 Wall Street research analysts have issued 1 year target prices for Rite Aid's stock. Their RAD share price forecasts range from $3.00 to $4.50. On average, they anticipate the company's share price to reach $3.75 in the next twelve months. This suggests that the stock has a possible downside of 30.9%.
View analysts price targets for RAD
or view top-rated stocks among Wall Street analysts.

How have RAD shares performed in 2022?

Rite Aid's stock was trading at $14.69 at the beginning of the year. Since then, RAD shares have decreased by 63.0% and is now trading at $5.43.
View the best growth stocks for 2022 here
.

When is Rite Aid's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 20th 2022.
View our RAD earnings forecast
.

How were Rite Aid's earnings last quarter?

Rite Aid Co. (NYSE:RAD) released its quarterly earnings results on Thursday, September, 29th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.07. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.86 billion. Rite Aid had a negative net margin of 3.58% and a negative trailing twelve-month return on equity of 260.98%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.41) EPS.

When did Rite Aid's stock split?

Rite Aid shares reverse split on the morning of Monday, April 22nd 2019. The 1-20 reverse split was announced on Wednesday, April 10th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, April 19th 2019. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What guidance has Rite Aid issued on next quarter's earnings?

Rite Aid updated its FY 2023 earnings guidance on Monday, October, 24th. The company provided earnings per share (EPS) guidance of -$1.52--$0.97 for the period, compared to the consensus earnings per share estimate of -$1.39. The company issued revenue guidance of $23.60 billion-$24.00 billion, compared to the consensus revenue estimate of $23.36 billion.

What is Heyward Donigan's approval rating as Rite Aid's CEO?

169 employees have rated Rite Aid Chief Executive Officer Heyward Donigan on Glassdoor.com. Heyward Donigan has an approval rating of 58% among the company's employees. This puts Heyward Donigan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Rite Aid own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rite Aid investors own include Century Aluminum (CENX), Bank of America (BAC), Akorn (AKRX), Advanced Micro Devices (AMD), Cleveland-Cliffs (CLF), Mr. Cooper Group (COOP), General Electric (GE), Micron Technology (MU) and CVS Health (CVS).

What is Rite Aid's stock symbol?

Rite Aid trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAD."

Who are Rite Aid's major shareholders?

Rite Aid's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.32%), Vanguard Group Inc. (7.13%), State Street Corp (3.26%), Two Sigma Advisers LP (1.75%), Two Sigma Investments LP (0.98%) and Nuveen Asset Management LLC (0.95%). Insiders that own company stock include Heyward R Donigan and Jocelyn Z Konrad.
View institutional ownership trends
.

How do I buy shares of Rite Aid?

Shares of RAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rite Aid's stock price today?

One share of RAD stock can currently be purchased for approximately $5.43.

How much money does Rite Aid make?

Rite Aid (NYSE:RAD) has a market capitalization of $306.96 million and generates $24.57 billion in revenue each year. The company earns $-538,480,000.00 in net income (profit) each year or ($15.95) on an earnings per share basis.

How many employees does Rite Aid have?

The company employs 53,000 workers across the globe.

Does Rite Aid have any subsidiaries?
The following companies are subsidiares of Rite Aid: 1515 West State Street Boise Idaho LLC, 1740 Associates LLC, 4042 Warrensville Center Road—Warrensville Ohio Inc., 5277 Associates Inc., 5600 Superior Properties Inc., Advance Benefits LLC, Apex Drug Stores Inc., Ascend Health Technology LLC, Bartell Drugs, Broadview and Wallings—Broadview Heights Ohio Inc., Design Rx Holdings LLC, Design Rx LLC, Design Rxclusives LLC, Drug Palace Inc., EDC Drug Stores Inc., Eckerd Corporation, Edgehill Drugs, Elixir Holdings LLC, Elixir Insurance Company, Elixir Pharmacy LLC, Elixir Puerto Rico Inc., Elixir Rx Options LLC, Elixir Rx Solutions LLC, Elixir Rx Solutions LLC, Elixir Rx Solutions of Nevada LLC, Elixir Savings LLC, Envision Pharmaceutical, First Florida Insurers of Tampa LLC, GDF Inc., Genovese Drug Stores Inc., Gettysburg and Hoover-Dayton Ohio LLC, Grand River & Fenkell LLC, Harco, Harco Inc., Health Dialog, Health Dialog Services Corporation, Hunter Lane LLC, ILG – 90 B Avenue Lake Oswego LLC, JCG Holdings USA Inc., JCG PJC USA LLC, K&B Alabama Corporation, K&B Incorporated, K&B Industries, K&B Louisiana Corporation, K&B Mississippi Corporation, K&B Services Incorporated, K&B Tennessee Corporation, K&B Texas Corporation, LMW – 90B Avenue Lake Oswego Inc., Lakehurst and Broadway Corporation, Laker Software LLC, Maxi Drug Inc., Maxi Drug North Inc., Maxi Drug South L.P., Maxi Green Inc., Munson & Andrews LLC, Name Rite LLC, P.J.C. Distribution Inc., P.J.C. Realty Co. Inc., PCS Health Systems, PDS-1 Michigan Inc., PJC Lease Holdings Inc., PJC Manchester Realty LLC, PJC Peterborough Realty LLC, PJC Realty MA Inc., PJC Revere Realty LLC, PJC Special Realty Holdings Inc., PJC of Massachusetts Inc., PJC of Rhode Island Inc., PJC of Vermont Inc., Perry Distributors Inc., Perry Drug Stores Inc., RCMH LLC, RDS Detroit Inc., READ’s Inc., RediClinic, RediClinic Associates Inc., RediClinic LLC, RediClinic US LLC, RediClinic of DC LLC, RediClinic of DE LLC, RediClinic of Dallas Forth-Worth LLC, RediClinic of MD LLC, RediClinic of PA LLC, RediClinic of VA LLC, Richfield Road – Flint Michigan LLC, Rite Aid Drug Palace Inc., Rite Aid Hdqtrs. Corp., Rite Aid Hdqtrs. Funding Inc., Rite Aid Lease Management Company, Rite Aid Online Store Inc., Rite Aid Payroll Management Inc., Rite Aid Realty Corp., Rite Aid Rome Distribution Center Inc., Rite Aid Specialty Pharmacy LLC, Rite Aid Transport Inc., Rite Aid of Connecticut Inc., Rite Aid of Delaware Inc., Rite Aid of Georgia Inc., Rite Aid of Indiana Inc., Rite Aid of Kentucky Inc., Rite Aid of Maine Inc., Rite Aid of Maryland Inc., Rite Aid of Michigan Inc., Rite Aid of New Hampshire Inc., Rite Aid of New Jersey Inc., Rite Aid of New York Inc., Rite Aid of North Carolina Inc., Rite Aid of Ohio Inc., Rite Aid of Pennsylvania LLC, Rite Aid of South Carolina Inc., Rite Aid of Tennessee Inc., Rite Aid of Vermont Inc., Rite Aid of Virginia Inc., Rite Aid of Washington D.C. Inc., Rite Aid of West Virginia Inc., Rite Investments Corp., Rite Investments Corp. LLC, Rx Choice Inc., Rx Initiatives LLC, Rx USA Inc., The Bartell Drug Company, The Jean Coutu Group PJC USA Inc., The Lane Drug Company, Thrift Drug Inc., Thrifty Corporation, Thrifty PayLess Inc., and Tonic Procurement Solutions LLC.
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How can I contact Rite Aid?

Rite Aid's mailing address is 30 Hunter Lane, Camp Hill PA, 17105. The official website for the company is www.riteaid.com. The company can be reached via phone at (717) 761-2633, via email at investor@riteaid.com, or via fax at 717-975-5871.

This page (NYSE:RAD) was last updated on 11/27/2022 by MarketBeat.com Staff