In the ever-evolving world of retail, where consumer preferences shift rapidly and market dynamics are in a constant state of flux, identifying strong retail stocks can be a daunting task. These resilient retail giants exhibit robust financial performance, strategic agility, and a strong track record of adapting to changing consumer behaviors.
Here are three “Strong Buy” retail stocks from Wall Street –
Performance Food Group Company – SYM: PFGC
Recent Price: $55.95
Price Target: $76.20
Firms with Buy Rating: Morgan Stanley, Jefferies, Truist Financial
Description: Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience.
Ulta Beauty, Inc. – SYM: ULTA
Recent Price: $421.49
Price Target: $546.39
Firms with Buy Rating: Piper Sandler, Raymond James, J.P. Morgan
Description: Ulta Beauty, Inc. operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services. The company’s private label products comprises Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. It also distributes its products through its stores, website, and mobile applications. The company was incorporated in 1990 and is based in Bolingbrook, Illinois.
Academy Sports and Outdoors, Inc. – SYM: ASO
Recent Price: $51.32
Price Target: $68.69
Firms with Buy Rating: UBS, Wells Fargo, J.P. Morgan
Description: Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, camping accessories and equipment, sunglasses, backpacks, and sports bags; fishing products including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment including baseball, football, basketball, soccer, golf, racket sports, and volleyball; recreation products, which includes patio furniture, outdoor cooking, trampolines, play sets, watersports, and pet equipment, as well as wheeled goods including bicycles, skateboards, and other ride-on toys; and electronics, watches, and front-end products, such as consumables, batteries, etc. The company’s apparel division provides range of products, which includes outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor, and athletic apparel; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls athletic footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O’rageous, Game Winner, Outdoor Gourmet, and Freely brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas.