Most Consumer Staples Are Underperforming but not Walmart and Costco
Written by Emily J. Thompson, Senior Investment Analyst
Source: barron's
- Economic Concerns: Americans are worried about the economy as retail sales in April remained flat compared to March, affecting consumer stocks.
- Stock Performance: While Consumer Staples ETF is up 9% this year, it lags behind the broader market. The Consumer Discretionary ETF is in the red for 2024.
- Retail Giants' Success: Retail giants like Costco and Walmart have seen their shares rise by nearly 30% this year, outperforming the market and trading at record highs.
- Consumer Behavior: Consumers are seeking bargains at Walmart and Costco due to stretched budgets, impacting traditional consumer goods firms negatively.
- Investor Trends: Investors may favor Walmart and Costco over traditional staples companies, leading to a potential market lag for the latter.
Analyst Views on PG
Wall Street analysts forecast PG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PG is 164.50 USD with a low forecast of 150.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
7 Hold
0 Sell
Moderate Buy
Current: 149.930
Low
150.00
Averages
164.50
High
180.00
Current: 149.930
Low
150.00
Averages
164.50
High
180.00
About PG
The Procter & Gamble Company is focused on providing branded consumer packaged goods to consumers across the world. The Company’s segments include Beauty, Grooming, Health Care, Fabric & Home Care and Baby, Feminine & Family Care. The Company’s products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. It also sells direct to individual consumers. It has operations in approximately 70 countries. It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax, Bounty and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
