In this episode of Industry Focus: Consumer Goods, Motley Fool analysts Asit Sharma and Emily Flippen break down two recent retail earnings reports and discuss how the businesses are performing, their expectations for the future, and where they’ve each gone wrong in their past analysis.
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This video was recorded on August 31, 2021.
Emily Flippen: Welcome to Industry Focus. Today is Tuesday, August 31st, and I’m the host of this episode, Emily Flippen. Today I’m joined by Motley Fool Senior Analyst Asit Sharma as we talk about some retail earnings news. Hey, Asit, thanks for joining.
Asit Sharma: Emily, thanks for having me. I must say this morning, I’m in a sporting mood.
Flippen: It’s a good pun for what we’re going to talk about, and for our listeners who listen to both Industry Focus as well as one of our other podcasts and Motley Fool Money may be at least for our first story here, a little bit repetitive. That’s because I covered this story on Motley Fool Money last week and was reminded that I probably owed our Industry Focus audience an apology on this business, which I roasted, I guess, last year. Around this time, last year I did pull Dick’s Sporting Goods (NYSE:DKS) across the coals, and I’ll tell you one thing: if 2021 has taught me something, it’s taught me how to be very humble, because Dick’s has performed extremely well this year.
Best Performing Stocks To Buy For 2023: ZAIS Group Holdings, Inc.(ZAIS)
Prior to March 2015, we were a publicly traded special purpose acquisition corporation called HF2 Financial Management Inc. (“HF2”). On March 17, 2015, we completed a business combination transaction with ZAIS Group Parent, LLC (“ZGP”) (the “Business Combination”), whereby we acquired a 66.5% interest in ZGP and changed our name to ZAIS Group Holdings, Inc. In the Business Combination, HF2 made a $78.2 million cash contribution to ZGP and effected the transfer of all its outstanding shares of Class B common stock to the members of ZGP (including Christian Zugel, the former managing member of ZGP and the founder and Chief Investment Officer of ZAIS Group, LLC (“ZAIS Group”), and certain related parties, collectively, the “ZGP Founder Members”). We are now a publicly traded holding company conducting substantially all of our operations through our principal operating subsidiary, ZAIS Group, an investment advisory and asset management firm focused on specialized credit. Advisors’ Opinion:
- [By Joseph Griffin]
Gp Zgp (NASDAQ:ZAIS) major shareholder Z Acquisition Llc bought 6,500,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was bought at an average price of $4.10 per share, with a total value of $26,650,000.00. Following the completion of the acquisition, the insider now owns 6,500,000 shares in the company, valued at $26,650,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Best Performing Stocks To Buy For 2023: SurModics Inc.(SRDX)
SurModics, Inc. provides drug delivery and surface modification technologies to the healthcare industry. The company offers surface modification coating technologies to enhance access, deliverability, and predictable deployment of medical devices, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device for the coronary, peripheral, neuro-vascular, and urology markets. It also provides a range of drug delivery technologies for injectable therapeutics, including microparticles, nanoparticles, and implants addressing a range of clinical applications, such as ophthalmology, oncology, dermatology, and neurology. In addition, the company provides in vitro diagnostic component products and technologies comprising microarray slide technologies, protein stabilization reagents, substrates, polymers and reagent chemicals, and antigens for diagnostic test kits and biomedical research applications. SurModics, Inc. market s its technologies and products worldwide through direct sales force consisting of sales professionals. The company was founded in 1979 and is headquartered in Eden Prairie, Minnesota.
Advisors’ Opinion:
- [By Joseph Griffin]
Shares of SurModics, Inc. (NASDAQ:SRDX) have been assigned an average recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $80.33.
- [By Max Byerly]
Lombard Medical Technologies (OTCMKTS: EVARF) and SurModics (NASDAQ:SRDX) are both small-cap medical companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, analyst recommendations, risk, institutional ownership, dividends, valuation and earnings.
Best Performing Stocks To Buy For 2023: American Assets Trust, Inc.(AAT)
American Assets Trust, Inc., incorporated on July 16, 2010, is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The Company operates through four segments: retail, office, multifamily and mixed-use. The Company’s portfolio consists of approximately 10 retail shopping centers; over seven office properties; a mixed-use property consisting of approximately 370-room all-suite hotel and a retail shopping center, and approximately five multifamily properties. The Company owns land at over five of its properties that it classifies as held for development and construction in progress. The Company’s markets include San Diego; the San Francisco Bay Area; Portland, Oregon; Bellevue, Washington, and Oahu, Hawaii.
Retail
The Company’s retail segment includes rental of retail space and other tenant services, including tenant reimbursements, parking and storage space rental. The Company’s retail properties include Carmel Country Plaza, Del Monte Center, Carmel Mountain Plaza, Geary Marketplace, South Bay Marketplace, The Shops at Kalakaua, Waikele Center, Lomas Santa Fe Plaza, Alamo Quarry Market and Solana Beach Towne Centre.
Office
The Company’s office segment products include rental of office space and other tenant services, including tenant reimbursements, parking and storage space rental. The Company’s office properties include Torrey Reserve Campus, Lloyd District Portfolio, Solana Beach Corporate Centre, City Center Bellevue, The Landmark at One Market, One Beach Street and First & Main.
Multifamily
The Company’s multifamily segment products include rental of apartments and other tenant services. The Company’s multifamily properties include Loma Palisades, Imperial Beach Gardens, Mariner’s Point, Santa Fe Park RV Resort and Hassalo on Eighth. The multifamily portfolio includes over four apartment properties, as well as an RV resort with a total of over 1,580 units (including approximately 120 RV spaces), which are available for lease. Approximately 73.4% of these properties are leased.
Mixed-use
The Company’s mixed-use segment products include rental of retail space and other tenant services, including tenant reimbursements parking and storage space rental and operation of approximately 370-room all-suite hotel. The Company’s mixed-use property includes Waikiki Beach Walk Retail and Embassy Suites Hotel. The mixed-use property consists of approximately 97,000 rentable square feet of retail space. The retail portion of the property is approximately 100% leased.
Advisors’ Opinion:
- [By Max Byerly]
Get a free copy of the Zacks research report on American Assets Trust (AAT)
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- [By Shane Hupp]
Get a free copy of the Zacks research report on American Assets Trust (AAT)
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- [By Max Byerly]
Several large investors have recently modified their holdings of AAT. Eii Capital Management Inc. raised its position in American Assets Trust by 8.6% in the 4th quarter. Eii Capital Management Inc. now owns 4,851 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 385 shares during the last quarter. Nisa Investment Advisors LLC raised its position in American Assets Trust by 200.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 750 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. State of Alaska Department of Revenue raised its position in American Assets Trust by 2.5% in the 4th quarter. State of Alaska Department of Revenue now owns 25,181 shares of the real estate investment trust’s stock valued at $1,009,000 after buying an additional 624 shares during the last quarter. Macquarie Group Ltd. raised its position in American Assets Trust by 16.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,800 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 1,800 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in American Assets Trust by 23.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 12,002 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 2,300 shares during the last quarter. 95.34% of the stock is currently owned by institutional investors.
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- [By Stephan Byrd]
Shares of American Assets Trust, Inc (NYSE:AAT) have received an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $40.75.
Best Performing Stocks To Buy For 2023: Rockley Photonics Holdings Limi(RKLY)
Rockley Photonics Holding Limited develops and supplies silicon photonics in the United Kingdom and internationally. It offers mobile platform for various solutions, such as photonic and electronic integrated circuits, sensing algorithms, artificial intelligence and cloud analytics, photonic and electronic co-packaging, firmware/software, and system architecture and hardware design that are used in health monitoring and machine vision for data communications. The company was founded in 2013 and is headquartered in England, the United Kingdom.
Advisors’ Opinion:
- [By ]
Cowen started coverage on shares of Rockley Photonics (NYSE:RKLY) in a report published on Thursday morning, The Fly reports. The brokerage issued an outperform rating and a $22.00 price objective on the stock.
