Top online retailers were higher on the stock market during Wednesday following the release of Adobe Analytics' report on U.S. online spending for the first 20 days of November.
As reported by Bloomberg.com Wednesday, online customers have spent $31.9 billion in the first 20 days of November, reflecting a 17% growth compared to the same period of 2017, according to Adobe Analytics. Wednesday was on track to beat Monday’s season record for online shopping of $2 billion.
The top online retailers commenced their war early this season, using free-shipping promotions to attract customers online. Amazon (AMZN, Financial) has waved the $25 minimum for non-Prime members while Target (TGT, Financial) has offered free two-day shipping galore till Dec. 22.
Adobe Analytics also reconfirmed its prediction of $124.1 billion in online spending for the full season of November and December combined.
Amazon.com Inc. closed at $1,516.73 on Wednesday for a 1.42% increase from the previous day. The stock has climbed 30% so far this year and has a market capitalization of $731.23 billion. The stock has a price-book ratio of 18.76 versus an industry median of 1.63, a price-sales of 3.42 versus an industry median of 0.68 and a price-earnings ratio of 84.97 compared to an industry median of 19.95.
The 52-week range is $1,124.74 to $2,050.50. The company generated cash flow of nearly $27 billion over the last 12-months of operations and has cash on hand of about $60.87 per share or nearly $30 billion, but the company is not distributing a dividend.
The recommendation rating is 1.7 out of 5 and the average target price is $2,136.26 per share.
Target Corp. (TGT, Financial) was $69.26 per share at close Wednesday, reflecting a 0.33% increase from Tuesday. The share price is up 24% so far this year and falls within a 52-week range of $55.25 to $90.39. The market capitalization is about $36.14 billion, the price-book ratio is 3.32 versus an industry median of 1.73, the price-sales ratio is 0.5 versus an industry median of 0.48 and the price-earnings ratio is 11.54 compared to an industry median of 18.85.
GuruFocus has assigned a financial strength rating of 6 out of 10 and a profitability and growth rating of 7 out of 10. The company does distribute dividends. The forward dividend yield is 3.71% compared to an industry median of 2.22% as of Nov. 21.
The recommendation rating is 2.6 out of 5 and the average target price is $85.15 per share.
eBay Inc. (EBAY, Financial) closed at $28.34 per share on Wednesday. The share price jumped 0.64% from the previous day, but it decreased 21% so far this year. The 52-week range is $26.36 to $46.99 and the market capitalization of the stock is $27.11 billion.
The price-book ratio is 3.94 versus an industry median of 1.63, the price sales ratio is 2.81 versus an industry median of 0.68 and the price-to-owner-earnings ratio is 15.29 compared to an industry median of 19.71.
The profitability and growth rating of eBay is 5 out of 10, GuruFocus indicated. The financial strength is at 5 out of 10. The company has nearly $5 billion in cash on hand or $5.03 per share, and the trailing 12-month operating cash flow is about $2.41 billion. eBay is not distributing a dividend.
The recommendation rating is 2.4 out of 5 and the average target price is $36.99 per share.
Etsy Inc. (ETSY, Financial) closed at $44.02 per share on Wednesday, jumping 1.87% from Tuesday. The share price increased 115% so far this year. The market capitalization is about $5.3 billion, the price-book ratio is 13.32 versus an industry median of 1.63, the price-sales ratio is 10.29 versus an industry median of 0.68 and the price-earnings ratio is 67.75 versus an industry median of 19.95.
The 52-week range is $16.13 to $55.71. GuruFocus has assigned a profitability and growth rating of 7 out of 10 and a financial strength rating of 6 out of 10. Etsy is not distributing a dividend.
The recommendation rating is 2.3 out of 5 and the average target price is $53.73 per share.
Disclosure: I have no positions in any security mentioned in this article.
