Rite Aid Corporation is a retail drugstore chain. The Company's segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company's Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog. It sells brand and generic prescription drugs, as well as an assortment of front-end products, including health and beauty aids, personal care products, seasonal merchandise, and a private brand product line. Its front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and numerous other everyday and convenience products. The Company's Pharmacy Services segment consists of EnvisionRx, which provides a range of pharmacy benefit services.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Retail - Drugs without Grocery
- Sub-Industry: Drug Retail
- Symbol: NYSE:RAD
- CUSIP: 76775410
- Web: www.riteaid.com
- Market Cap: $2.51 billion
- Outstanding Shares: 1,046,826,000
- 50 Day Moving Avg: $2.37
- 200 Day Moving Avg: $3.38
- 52 Week Range: $2.21 - $8.77
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -20.00
- P/E Growth: 0.80
- Annual Revenue: $32.44 billion
- Price / Sales: 0.08
- Book Value: $0.54 per share
- Price / Book: 4.44
- EBIDTA: $999.93 million
- Net Margins: -0.21%
- Return on Equity: 0.52%
- Return on Assets: 0.03%
- Debt-to-Equity Ratio: 12.87%
- Current Ratio: 1.65%
- Quick Ratio: 0.73%
- Average Volume: 34.37 million shs.
- Beta: 1.81
- Short Ratio: 0.89
Frequently Asked Questions for Rite Aid Corporation (NYSE:RAD)
What is Rite Aid Corporation's stock symbol?
Rite Aid Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAD."
How were Rite Aid Corporation's earnings last quarter?
Rite Aid Corporation (NYSE:RAD) released its quarterly earnings results on Thursday, June, 29th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.04. The business had revenue of $7.78 billion for the quarter, compared to analyst estimates of $8.29 billion. Rite Aid Corporation had a negative net margin of 0.21% and a positive return on equity of 0.52%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. View Rite Aid Corporation's Earnings History.
When will Rite Aid Corporation make its next earnings announcement?
Where is Rite Aid Corporation's stock going? Where will Rite Aid Corporation's stock price be in 2017?
9 equities research analysts have issued 12 month target prices for Rite Aid Corporation's stock. Their predictions range from $2.00 to $6.50. On average, they expect Rite Aid Corporation's stock price to reach $3.77 in the next twelve months. View Analyst Ratings for Rite Aid Corporation.
Are investors shorting Rite Aid Corporation?
Rite Aid Corporation saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 124,229,529 shares, an increase of 1.2% from the August 15th total of 125,695,019 shares. Based on an average daily volume of 16,200,772 shares, the short-interest ratio is presently 7.7 days. Approximately 11.9% of the company's stock are sold short.
Who are some of Rite Aid Corporation's key competitors?
Some companies that are related to Rite Aid Corporation include Dunkin' Brands Group (DNKN), Liberty Interactive Corporation (LVNTA), AutoNation (AN), Foot Locker (FL), Cabela's (CAB), Williams-Sonoma (WSM), Caseys General Stores (CASY), Signet Jewelers Limited (SIG), Bed Bath & Beyond (BBBY), Penske Automotive Group (PAG), The Michaels Companies (MIK), Metro AG (MTTRY), Wendy's Company (The) (WEN), Cracker Barrel Old Country Store (CBRL), Stamps.com (STMP), Texas Roadhouse (TXRH), Tech Data Corporation (TECD) and Tempur Sealy International (TPX).
Who are Rite Aid Corporation's key executives?
Rite Aid Corporation's management team includes the folowing people:
- John T. Standley, Chairman of the Board, Chief Executive Officer
- Kenneth A. Martindale, President - Rite Aid Corporation, Chief Executive Officer - Rite Aid stores
- Darren W. Karst, Chief Financial Officer, Senior Executive Vice President, Chief Administrative Officer
- David Abelman, Executive Vice President - Marketing
- Bryan Everett, Executive Vice President - Store Operations
- Jocelyn Z. Konrad, Executive Vice President - Pharmacy
- Enio Anthony Montini Jr., Executive Vice President - Merchandising and Distribution
- Douglas E. Donley, Chief Accounting Officer, Senior Vice President
- Michael N. Regan, Lead Independent Director
- Joseph B. Anderson Jr., Independent Director
Who owns Rite Aid Corporation stock?
Rite Aid Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.05%), BlackRock Inc. (4.02%), Franklin Resources Inc. (3.24%), FMR LLC (2.76%), State Street Corp (1.51%) and APG Asset Management N.V. (1.43%). View Institutional Ownership Trends for Rite Aid Corporation.
Who sold Rite Aid Corporation stock? Who is selling Rite Aid Corporation stock?
Rite Aid Corporation's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Mason Capital Management LLC, Swiss National Bank, OMERS ADMINISTRATION Corp, UBS Asset Management Americas Inc., GABELLI & Co INVESTMENT ADVISERS INC. and Coronation Fund Managers Ltd.. View Insider Buying and Selling for Rite Aid Corporation.
Who bought Rite Aid Corporation stock? Who is buying Rite Aid Corporation stock?
Rite Aid Corporation's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, OxFORD Asset Management LLP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, State of New Jersey Common Pension Fund D, GMT Capital Corp, Quantitative Investment Management LLC, Victory Capital Management Inc. and Symons Capital Management Inc.. View Insider Buying and Selling for Rite Aid Corporation.
How do I buy Rite Aid Corporation stock?
Shares of Rite Aid Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Rite Aid Corporation's stock price today?
MarketBeat Community Rating for Rite Aid Corporation (NYSE RAD)MarketBeat's community ratings are surveys of what our community members think about Rite Aid Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Rite Aid Corporation stock can currently be purchased for approximately $2.40.
Consensus Ratings for Rite Aid Corporation (NYSE:RAD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 5 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$3.77 (57.03% upside)|
Analysts' Ratings History for Rite Aid Corporation (NYSE:RAD)
(Data available from 9/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/19/2017||Royal Bank of Canada||Initiated Coverage||Sector Perform -> Sector Perform||$2.50||High|
|9/11/2017||Loop Capital||Initiated Coverage||Hold -> Hold||$2.50||High|
|7/20/2017||Mizuho||Downgrade||Buy -> Neutral||$2.95||Medium|
|7/3/2017||Cowen and Company||Reiterated Rating||Outperform||$4.70||High|
|6/30/2017||Bank of America Corporation||Reiterated Rating||Underperform||$2.00||High|
|6/30/2017||Evercore ISI||Initiated Coverage||Sell -> Underperform||$2.50||High|
|3/20/2017||Credit Suisse Group||Reiterated Rating||Outperform||$6.50||Low|
|3/6/2017||Deutsche Bank AG||Reiterated Rating||Hold||$9.00 -> $6.50||N/A|
|6/17/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||N/A|
|1/7/2016||Jefferies Group LLC||Boost Price Target||Hold||$9.00||N/A|
|10/29/2015||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$9.00 -> $9.00||N/A|
Earnings History for Rite Aid Corporation (NYSE:RAD)Earnings History by Quarter for Rite Aid Corporation (NYSE RAD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|6/29/2017||Q1 2018||($0.01)||($0.05)||$8.29 billion||$7.78 billion||View||N/A|
|12/22/2016||Q317||$0.04||$0.02||$8.23 billion||$8.09 billion||View||N/A|
|9/22/2016||Q2||$0.03||$0.03||$8.09 billion||$8.03 billion||View||N/A|
|6/16/2016||Q117||$0.05||$0.01||$8.23 billion||$8.18 billion||View||N/A|
|4/7/2016||Q416||$0.06||$0.07||$8.47 billion||$8.27 billion||View||N/A|
|12/17/2015||Q316||$0.06||$0.06||$8.20 billion||$8.15 billion||View||N/A|
|9/17/2015||Q216||$0.03||$0.02||$7.60 billion||$7.66 billion||View||Listen|
|6/18/2015||Q116||$0.03||$0.04||$6.65 billion||$6.60 billion||View||Listen|
|4/8/2015||Q415||$0.07||$0.12||$6.79 billion||$6.85 billion||View||N/A|
|12/18/2014||Q315||$0.05||$0.10||$6.55 billion||$6.70 billion||View||Listen|
|9/18/2014||Q215||$0.06||$0.13||$6.49 billion||$6.52 billion||View||Listen|
|6/19/2014||Q115||$0.05||$0.04||$6.43 billion||$6.47 billion||View||Listen|
|4/10/2014||Q414||$0.04||$0.10||$6.54 billion||$6.60 billion||View||Listen|
|12/19/2013||Q314||$0.04||$0.04||$6.30 billion||$6.36 billion||View||Listen|
|9/19/2013||Q2 2014||($0.04)||$0.03||$6.27 billion||$6.30 billion||View||Listen|
|6/20/2013||Q1 2014||$0.09||$0.09||$6.27 billion||$6.30 billion||View||Listen|
|4/11/2013||Q4 2013||($0.02)||$0.13||$6.47 billion||$6.50 billion||View||Listen|
|12/20/2012||Q3 2013||($0.03)||$0.07||$6.28 billion||$6.24 billion||View||Listen|
|9/20/2012||Q213||($0.07)||($0.05)||$6.20 billion||$6.20 billion||View||N/A|
|12/16/2010||($0.13)||($0.09)||$6.20 billion||$6.20 billion||View||N/A|
Earnings Estimates for Rite Aid Corporation (NYSE:RAD)
2017 EPS Consensus Estimate: $0.18
2018 EPS Consensus Estimate: $0.22
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Rite Aid Corporation (NYSE:RAD)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Rite Aid Corporation (NYSE:RAD)
Insider Ownership Percentage: 2.29%Insider Trades by Quarter for Rite Aid Corporation (NYSE:RAD)
Institutional Ownership Percentage: 52.62%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/15/2016||Douglas E Donley||SVP||Sell||34,106||$7.77||$265,003.62|| |
|7/9/2015||Tony Montini||EVP||Sell||353,194||$8.38||$2,959,765.72|| |
|4/15/2015||Joseph B Anderson Jr||Director||Sell||150,000||$8.25||$1,237,500.00|| |
|4/13/2015||Robert K Thompson||EVP||Sell||95,850||$8.33||$798,430.50|| |
|4/10/2015||Douglas E Donley||CAO||Sell||59,404||$8.21||$487,706.84|| |
|4/10/2015||Marcy Syms||Director||Sell||150,000||$8.26||$1,239,000.00|| |
|12/29/2014||Tony Montini||EVP||Sell||49,525||$7.47||$369,951.75|| |
|12/23/2014||Tony Montini||EVP||Sell||259,750||$6.92||$1,797,470.00|| |
|12/22/2014||John T Standley||CEO||Sell||1,700,000||$6.82||$11,594,000.00|| |
|12/22/2014||Kenneth Martindale||COO||Sell||1,043,400||$6.80||$7,095,120.00|| |
|12/22/2014||Robert Ivan Thompson||EVP||Sell||149,231||$6.80||$1,014,770.80|| |
|7/3/2014||Robert Ivan Thompson||EVP||Sell||249,583||$7.48||$1,866,880.84|| |
|6/24/2014||Joseph B Anderson Jr||Director||Sell||26,667||$7.05||$188,002.35|| |
|6/23/2014||Robert Ivan Thompson||EVP||Sell||510,000||$7.06||$3,600,600.00|| |
|4/22/2014||Marc Strassler||EVP||Sell||224,800||$7.12||$1,600,576.00|| |
|4/21/2014||Frank Vitrano||EVP||Sell||1,913,925||$7.08||$13,550,589.00|| |
|4/16/2014||Robert Ivan Thompson||EVP||Sell||25,566||$7.03||$179,728.98|| |
|2/19/2014||John Standley||CEO||Sell||1,200,000||$6.23||$7,476,000.00|| |
|2/19/2014||Kenneth Martindale||COO||Sell||666,667||$6.23||$4,153,335.41|| |
|1/21/2014||Douglas Donley||SVP||Sell||24,173||$5.79||$139,961.67|| |
|1/3/2014||John Standley||CEO||Sell||600,000||$5.48||$3,288,000.00|| |
|1/3/2014||Kenneth Martindale||COO||Sell||333,333||$5.48||$1,826,664.84|| |
|10/18/2013||Robert K Thompson||EVP||Sell||250,000||$5.27||$1,317,500.00|| |
|10/17/2013||Douglas E Donley||SVP||Sell||88,700||$5.27||$467,449.00|| |
|10/17/2013||Marc A Strassler||EVP||Sell||100,000||$5.31||$531,000.00|| |
|10/14/2013||Frank Vitrano||CFO||Sell||1,982,900||$5.00||$9,914,500.00|| |
|10/4/2013||Tony Montini||EVP||Sell||414,500||$5.21||$2,159,545.00|| |
|9/25/2013||Robert Ivan Thompson||EVP||Sell||400,000||$4.81||$1,924,000.00|| |
|7/18/2013||Robert K Thompson||EVP||Sell||401,655||$3.01||$1,208,981.55|| |
|7/16/2013||David Jessick||Insider||Sell||100,000||$2.93||$293,000.00|| |
|7/16/2013||Marc A Strassler||EVP||Sell||375,000||$2.96||$1,110,000.00|| |
|7/12/2013||Douglas E Donley||SVP||Sell||6,899||$2.80||$19,317.20|| |
|7/11/2013||Douglas E Donley||SVP||Sell||75,378||$2.78||$209,550.84|| |
|7/11/2013||Robert Ivan Thompson||EVP||Sell||375,000||$2.75||$1,031,250.00|| |
|6/26/2013||Jean Coutu Group (Pjc) Inc.||Major Shareholder||Sell||40,500,000||$2.75||$111,375,000.00|| |
Headline Trends for Rite Aid Corporation (NYSE:RAD)
Latest Headlines for Rite Aid Corporation (NYSE:RAD)
Rite Aid Corporation (RAD) Chart for Wednesday, September, 20, 2017