Snap Up These 4 Retail Stocks as Holiday Season Sales Boom
Zacks Investment Research | Dec 28, 2021 12:27AM ET
The holiday season turned out to be a blissful one as consumers continued to fill their shopping carts. Even supply chain challenges and rising prices could not take away the sheen of the season. Stimulus measures, pent-up savings, and eagerness among consumers to venture out and shop fueled demand across a diverse set of categories. No doubt, retailers seemed to have addressed logistics as well as inventory issues to meet the festive demand efficiently, be it offline or online.
U.S. Holiday Retail Sales Surge/h3
A report by Mastercard (NYSE:MA) SpendingPulse indicates that TGT has been making investments to enhance omni-channel capabilities, develop new brands, refurbish stores and expand same-day delivery options to provide a seamless shopping experience to customers. Markedly, this general merchandise retailer has been making multiple changes to its business model to adapt and stay relevant in the ever-evolving retail landscape.
Impressively, Target has a trailing four-quarter earnings surprise of 19.7%, on average. This Zacks Rank #2 company has an estimated long-term earnings growth rate of 14.4%. The Zacks Consensus Estimate for Target’s current financial year sales and EPS suggests growth of 13.9% and 40%, respectively, from the year-ago period.
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