Black Friday Shopping Boom Ahead

According to a holiday shopping survey by the International Council of Shopping Centers and Goldman Sachs (NYSE:GS), about 34% shoppers said that they plan to shop on Black Friday — the day after Thanksgiving that marks the traditional start to the holiday shopping season. The new desire for shopping is up from 31% in 2010 and 26% in 2009.

This should be encouraging news for companies such as Target Corp (NYSE:TGT), Macy’s (NYSE:M), Gap (NYSE:GPS), JC Penny (NYSE:JCP), Walmart (NYSE:WMT), and other retailers (NYSEARCA:XRT) which are planning to open store doors at midnight that day.

“Consumers are gearing up for the holiday promotions and lots will be riding on the traditional start to the holiday season on the day after Thanksgiving,” said Michael Niemira, ICSC’s chief economist. “Prior to Black Friday, there will be plenty of promotions which may entice consumers in the coming weeks as well.”

Here’s how these retailers are trading now:

  • Target Corp. (NYSE:TGT): The shares recently traded at $53.05, up $0.22, or 0.42%. Its market capitalization is $35.82 billion. They have traded in a 52-week range of $45.28 to $60.97. Volume today was 4,968,391 shares versus a 3-month average volume of 7,536,330 shares. The company’s trailing P/E is 12.60, while trailing earnings are $4.21 per share. The company pays a dividend of $1.20 per share for a dividend yield of 2.30%. About the company: Target Corporation operates general merchandise discount stores in the United States. The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards. Get the most recent company news and stock data here >>
  • Macy’s, Inc. (NYSE:M): The shares recently traded at $32.14, down $0.21, or 0.65%. Its market capitalization is $13.73 billion. They have traded in a 52-week range of $21.69 to $32.67. Volume today was 11,726,214 shares versus a 3-month average volume of 9,638,840 shares. The company’s trailing P/E is 13.20, while trailing earnings are $2.43 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.30%. About the company: Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods. Get the most recent company news and stock data here >>
  • Gap Inc. (NYSE:GPS): The shares recently traded at $19.99, up $0.09, or 0.45%. Its market capitalization is $10.20 billion. They have traded in a 52-week range of $15.08 to $23.73. Volume today was 6,488,112 shares versus a 3-month average volume of 8,115,170 shares. The company’s trailing P/E is 10.90, while trailing earnings are $1.83 per share. The company pays a dividend of $0.45 per share for a dividend yield of 2.30%. About the company: The Gap, Inc., is an international specialty retailer operating retail and outlet stores. The Company sells casual apparel, accessories and personal care products for men, women, and children. The Gap operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. Get the most recent company news and stock data here >>
  • J. C. Penney Company, Inc. (NYSE:JCP): The shares recently traded at $33.75, up $0.31, or 0.93%. Its market capitalization is $7.20 billion. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 3,219,666 shares versus a 3-month average volume of 6,010,870 shares. The company’s trailing P/E is 19.78, while trailing earnings are $1.71 per share. The company pays a dividend of $0.80 per share for a dividend yield of 2.50%. About the company: J.C. Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. JCPenney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings. Get the most recent company news and stock data here >>
  • Wal-Mart Stores Inc. (NYSE:WMT): The shares recently traded at $59.35, up $1.41, or 2.43%. Its market capitalization is $204.56 billion. They have traded in a 52-week range of $48.31 to $59.40. Volume today was 19,579,027 shares versus a 3-month average volume of 14,096,500 shares. The company’s trailing P/E is 12.63, while trailing earnings are $4.70 per share. The company pays a dividend of $1.46 per share for a dividend yield of 2.60%. About the company: Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company’s discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart’s markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally. Get the most recent company news and stock data here >>

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