Apple Looking to Get Warm with Sam’s Club Members

Consumers can already purchase Apple (NASDAQ:AAPL) products in Sam’s Club (NYSE:WMT) warehouses, but the two companies may soon expand their partnership, with Apple looking to place its Apple Store-in-program in the warehouse chain.

Apple already has its Store-in-programs at Target (NYSE:TGT) and Best Buy (NYSE:BBY), and according to 9to5Mac, is targeting Sam’s Club as its next retailer. The Apple Store-in-program includes a small Apple Store-like layout within a larger retail store. For example, Best Buy displays Apple products on tables similar to those at Apple stores, while customers are helped by trained Apple specialists.

Discussions are still in the early stages and no timeline has been set. Whether Sam’s Club parent Walmart (NYSE:WMT) is also in discussions to offer Apple stations in Walmart branded stores is as yet unknown.

Here’s how these stocks are trading on the news:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $494.16, up $17.48, or 3.67%. They have traded in a 52-week range of $310.50 to $469.75. Volume today was 26,483,753 shares versus a 3-month average volume of 12,391,900 shares. The company’s trailing P/E is 14.04, while trailing earnings are $35.14 per share.

Wal-Mart Stores Inc. (NYSE:WMT): WMT shares recently traded at $62.11, up $0.49, or 0.8%. They have traded in a 52-week range of $48.31 to $62.63. Volume today was 4,156,108 shares versus a 3-month average volume of 8,972,200 shares. The company’s trailing P/E is 13.13, while trailing earnings are $4.72 per share.

Target Corp. (NYSE:TGT): TGT shares recently traded at $52.74, up $0.17, or 0.32%. They have traded in a 52-week range of $45.28 to $56.00. Volume today was 2,325,178 shares versus a 3-month average volume of 6,100,560 shares. The company’s trailing P/E is 12.28, while trailing earnings are $4.30 per share.

Best Buy Co. Inc. (NYSE:BBY): BBY shares recently traded at $25.33, down $0.07, or 0.28%. They have traded in a 52-week range of $21.79 to $34.12. Volume today was 2,913,866 shares versus a 3-month average volume of 6,594,800 shares. The company’s trailing P/E is 8.72, while trailing earnings are $2.90 per share.

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To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com