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NYSE:RADRite Aid Stock Price, Forecast & News

$13.79
+0.77 (+5.91 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$12.77
Now: $13.79
$13.81
50-Day Range
$11.43
MA: $13.19
$15.85
52-Week Range
$5.04
Now: $13.79
$23.88
Volume3.48 million shs
Average Volume5.68 million shs
Market Capitalization$754.38 million
P/E RatioN/A
Dividend YieldN/A
Beta0.92
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 an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and provides preventative services, such as screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 11, 2019, the company operated 2,469 stores in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
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Rite Aid logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.8Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.99 out of 5 stars


Industry, Sector and Symbol

Industry Drug stores & proprietary stores
Sub-IndustryDrug Retail
SectorRetail/Wholesale
CUSIP76775410
Phone717-761-2633

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.93 billion
Cash Flow$6.83 per share
Book Value$12.31 per share

Profitability

Net Income$-452,170,000.00

Miscellaneous

Employees48,000
Market Cap$754.38 million
Next Earnings Date6/24/2020 (Estimated)
OptionableOptionable

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Rite Aid (NYSE:RAD) Frequently Asked Questions

How has Rite Aid's stock been impacted by COVID-19 (Coronavirus)?

Rite Aid's stock was trading at $14.13 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RAD shares have decreased by 2.4% and is now trading at $13.79. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Rite Aid?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Rite Aid.

When is Rite Aid's next earnings date?

Rite Aid is scheduled to release its next quarterly earnings announcement on Wednesday, June 24th 2020. View our earnings forecast for Rite Aid.

How were Rite Aid's earnings last quarter?

Rite Aid Co. (NYSE:RAD) posted its earnings results on Thursday, April, 16th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.22. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.61 billion. Rite Aid had a negative net margin of 2.06% and a positive return on equity of 0.87%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. View Rite Aid's earnings history.

When did Rite Aid's stock split? How did Rite Aid's stock split work?

Shares of Rite Aid reverse split on 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 closing bell on Friday, April 19th 2019. An investor that had 100 shares of Rite Aid 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 issued an update on its FY21 earnings guidance on Thursday, April, 16th. The company provided EPS guidance of ($0.22) - $0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.19. The company issued revenue guidance of $22.5-22.9 billion, compared to the consensus revenue estimate of $22.53 billion.

What price target have analysts set for RAD?

3 brokers have issued 12-month price objectives for Rite Aid's stock. Their forecasts range from $12.00 to $12.00. On average, they expect Rite Aid's stock price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 13.0%. View analysts' price targets for Rite Aid.

Has Rite Aid been receiving favorable news coverage?

News stories about RAD stock have trended somewhat positive on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Rite Aid earned a coverage optimism score of 1.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutRite Aid.

Are investors shorting Rite Aid?

Rite Aid saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,940,000 shares, an increase of 5.1% from the April 15th total of 13,260,000 shares. Based on an average daily trading volume, of 5,790,000 shares, the short-interest ratio is currently 2.4 days. Currently, 26.2% of the company's stock are sold short. View Rite Aid's Current Options Chain.

Who are some of Rite Aid's key competitors?

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), Celgene (CELG), Akorn (AKRX), Bank of America (BAC), Mr. Cooper Group (COOP), Cleveland-Cliffs (CLF), Advanced Micro Devices (AMD), General Electric (ge), Lantronix (LTRX) and Micron Technology (MU).

Who are Rite Aid's key executives?

Rite Aid's management team includes the following people:
  • Ms. Jocelyn Zazyczny Konrad, Exec. VP & Chief Pharmacy Officer (Age 50)
  • Ms. Heyward Rutledge Donigan B.A., Pres CEO & Director (Age 59)
  • Mr. Matthew Schroeder, CFO & Exec. VP (Age 50)
  • Mr. James J. Peters, Chief Operating Officer (Age 48)
  • Mr. Brian Hoover, Chief Accounting Officer (Age 55)

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. (7.97%), Invesco Ltd. (5.20%), State Street Corp (3.34%), Parametric Portfolio Associates LLC (1.75%), Geode Capital Management LLC (1.39%) and Creative Planning (0.92%). View institutional ownership trends for Rite Aid.

Which major investors are selling Rite Aid stock?

RAD stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Creative Planning, Morgan Stanley, Morgan Stanley, Paloma Partners Management Co, JS Capital Management LLC, Engineers Gate Manager LP, and Russell Investments Group Ltd.. View insider buying and selling activity for Rite Aid.

Which major investors are buying Rite Aid stock?

RAD stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Balyasny Asset Management LLC, Parametric Portfolio Associates LLC, Invesco Ltd., State Street Corp, Thrivent Financial for Lutherans, and Bank of New York Mellon Corp. View insider buying and selling activity for Rite Aid.

How do I buy shares of Rite Aid?

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

What is Rite Aid's stock price today?

One share of RAD stock can currently be purchased for approximately $13.79.

How big of a company is Rite Aid?

Rite Aid has a market capitalization of $754.38 million and generates $21.93 billion in revenue each year. The company earns $-452,170,000.00 in net income (profit) each year or $0.15 on an earnings per share basis. Rite Aid employs 48,000 workers across the globe.

What is Rite Aid's official website?

The official website for Rite Aid is www.riteaid.com.

How can I contact Rite Aid?

Rite Aid's mailing address is 30 Hunter Lane, Camp Hill PA, 17105. The company can be reached via phone at 717-761-2633 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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