The Daily Money: Dollar General boycott is next
The Daily Money: Dollar General boycott is next
Good morning! This is Betty Lin-Fisher with today's edition of The Daily Money.
Dollar General is the next retailer to face a protest over its retreat of diversity, equity and inclusion efforts.Pastor Jamal-Harrison Bryant, who has led the Black faith community in a boycott of Target, says an electronic protest of Dollar General is next.At the same time, Bryant says the Target boycott is moving to a Target blackout, which will be indefinite.Here are more details in my USA TODAY exclusive story.
Do you want to be a centenarian?
Do you want to live to be 100? It turns out not a lot of people want to hit that century mark, according to a new survey.
It also begs the question: Will your retirement nest egg last until you are 100?
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Know a graduate? Krispy Kreme will give that graduate a free dozen doughnuts for a year. There is a catch, though. Grads need to show up in their cap and gowns today to get a "Dough-ploma" certificate while supplies last.
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- Yahoo
Effort to improve transportation in Bluefield moving ahead
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Business Insider
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Companies are dialing back their Pride Month celebrations — and angering both the left and the right
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Should You Invest $1,000 in TGT today?
Target has struggled to meet the needs of cost-conscious customers. A turnaround could take several years to fully materialize. The retail giant's dividend is still ultra-safe. 10 stocks we like better than Target › Target (NYSE: TGT) is a passive income powerhouse with more than five decades of annual dividend raises and an enticing 4.8% yield. But even with the high payout, Target has lost investors money over the last five years while the S&P 500 (SNPINDEX: ^GSPC) has more than doubled with dividends included. Here's why Target is under pressure, and whether the dividend stock is a buy right now. Retailers like Target have been under pressure as consumers tighten spending amid inflation and economic uncertainty. Data from the University of Michigan shows that consumer sentiment is hovering around its lowest level since 2022. Some companies have capitalized on consumer needs by providing products and services consumers want at affordable prices. For example, Walmart and Costco Wholesale have steadily grown revenue while sustaining good margins despite macro challenges. Target has had some success with promotions and partnerships, but is still seeing an overall decline in foot traffic. The divergence between Target's stock price and Walmart's and Costco's over the last two to three years illustrates the degree to which investor confidence has weakened for Target relative to these other names. Target slashed its guidance in its most recent earnings announcement. The company is now on track for a third consecutive fiscal year of adjusted earnings-per-share (EPS) declines. With Target's sales and earnings falling, investors have understandably grown skeptical of the company's ability to execute. Target has built up a bad track record of overpromising and underdelivering, so it's hard to put too much faith in its guidance. To Target's credit, management acknowledged the poor results and is focusing on turning the business around rather than appeasing investors. The company plans to leverage efficiency improvements and a revamped product lineup to get customers in stores and return to meaningful sales growth. Target has the tools to pull it off, but the retailer has to manage costs better, align inventory with buyer behavior trends, and limit steep discounts that have crushed its margins in recent years. Target's flaws are glaring and ongoing, but it would be a mistake to overlook the qualities that could make the stock a good buy in June. Target's sales and earnings may be ticking down, but it is still a highly profitable business that generates cash flow. In fact, Target's EPS and free cash flow (FCF) per share remain significantly higher than its dividend per share, even though Target has raised its dividend for 53 consecutive years. Typically, when a company's stock price tanks and its dividend yield goes up, it's because earnings are declining and the dividend begins to look unaffordable. However, Target is in a unique situation where its dividend is highly affordable despite the stock price being around six-year lows and the yield ballooning. Another good way of measuring dividend affordability is comparing the FCF yield to the dividend yield. FCF yield takes FCF per share and divides it by the stock price, similar to how dividend yield is dividend per share divided by the stock price. FCF yield basically shows the theoretical dividend a company could pay if it used all of its FCF on dividends. Target's FCF yield is a sky-high 8.2% -- much more than its 4.8% dividend yield. So while the company isn't growing, it is still a very profitable business that is well positioned to grow its dividend. Investing $1,000 in Target demonstrates a belief in management's ability to turn the company around and leverage Target's strengths rather than expose its weaknesses. The company's main weakness is that it can't compete with Walmart, Costco, or Amazon in terms of price, but it can find a happy medium centered around an enjoyable customer experience at a good value. The Target Circle loyalty program and Target's exclusive and limited-time partnerships will be instrumental in pulling off the turnaround. In the meantime, investors can rest easy knowing that the dividend is affordable, even with the high yield. A $1,000 investment in Target would produce about $48 in dividend income per year, which is significantly more than the $13 or so you could expect from an S&P 500 index fund. Add it all up, and Target stands out as a solid buy for value and income investors today. Before you buy stock in Target, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Target wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Costco Wholesale, Target, and Walmart. The Motley Fool has a disclosure policy. Should You Invest $1,000 in TGT today? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
