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Walgreens Boots Alliance, Inc. (WBA)

- NASDAQ
  • Today, 11:52 AM
    • Department store chains increased their market share of beauty sales by a full percentage point to 12.7% over the last five years in a positive sign for the sector.
    • The group made its gains in the high-end and niche parts of the beauty market, while conceding some parts of the mass market segment to Sally Beauty Holdings (NYSE:SBH), Ulta Salon (NASDAQ:ULTA), and Walgreens Boots Alliance (NASDAQ:WBA) on pricing.
    • J.C. Penney (NYSE:JCP) has been a leader with its striking partnership with Sephora (OTCPK:LVMUY, OTCPK:LVMHF), while Macy's (NYSE:M) +$200M acquisition of Bluemercury sets it up to hit luxury shoppers as well. Kohl's (NYSE:KSS) and Dillard's (NYSE:DDS) also are rolling out new beauty and fragrance lines. Beauty is seen as one of the few categories the chains can drive traffic in effectively with marketing.
    • Department stores commanded beauty market share of close to 14% before online sales and discounters started kicking into a higher gear.
    | 3 Comments
  • Fri, Aug. 21, 10:52 AM
    • Walgreens Boots Alliance (WBA -1.7%) will partner with Providence Health & Services to open 25 new in-store health clinics in Oregon and Washington.
    • The deal will mark the first time Walgreens has outsourced its retail clinics and could indicate a broader shift in strategy at the company.
    | Comment!
  • Tue, Aug. 18, 1:28 PM
    • Walgreens Boots Alliance (WBA -0.7%) plans to cut 370 jobs, according to Chicago Sun-Times.
    • The job eliminations will be outside of the drugstore operator's stores and will include 270 in Chicago where Walgreens is based.
    | 3 Comments
  • Thu, Jul. 16, 12:31 PM
    • UniQure (QURE -0.1%) initiated with Outperform rating by Cowen & Co.
    • Axovant Sciences (AXON +2.7%) initiated with Market Outperform rating and price target of $36 (103% upside) by JMP Securities.
    • Walgreens Boots Alliance (WBA +1.6%) upgraded to Outperform from Neutral by Credit Suisse. Price target raised to $110 (15% upside) from $90.
    • Celgene (CELG +3.1%) maintained with Buy rating by Nomura. Price target raised to $165 (22% upside) from $146. Receptos (RCPT -0.3%) downgraded to Neutral from Buy with a $232 (predictable) price target.
    | 1 Comment
  • Wed, Jul. 15, 12:36 PM
    • Moody's raises its outlook on the U.S. retail industry to Positive from Stable on its view operating income will improve by 5% to 6% over the next 12 to 18 months.
    • The ratings agency is focused on the expense side, seeing a leveraging of fixed costs and efficiency gains as helping to pad bottom lines.
    • Sectors seen leading the way for profit growth are dollar stores (FDO, DG, DLTR), drug stores (WBA, CVS, RAD), and home improvement chains (HD, LOW).
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK
    | 6 Comments
  • Fri, Jul. 10, 8:31 AM
    • Raymond James upgrades Walgreens Boots Alliance (NASDAQ:WBA) to Outperform from Perform.
    • The investment firm shifts Rite Aid (NYSE:RAD) to a Market Perform rating from Outperform.
    • RAD +0.23% premarket and WBA +1.94%.
    | 17 Comments
  • Thu, Jul. 9, 8:10 AM
    • Walgreens Boots Alliance (NASDAQ:WBA) names Stefano Pessina as its permanent CEO, earning praise for overseeing the integration of Walgreens and Boots Alliance that is "proceeding exceptionally well."
    • Pessina, formerly executive chairman at Alliance Boots, served as interim CEO of the newly-merged company following the retirement of former Walgreens CEO Greg Wasson, who left after the merger was completed last year.
    • Separately, WBA says it has acquired U.K.-based natural skin care brand Liz Earle Beauty from Avon (NYSE:AVP) for £140M.
    • Earlier: Walgreens Boots Alliance's FQ3
    | Comment!
  • Thu, Jul. 9, 7:28 AM
    • Walgreens Boots Alliance (NASDAQ:WBA) reports comparable-store sales rose 1.6% in FQ3.
    • Pharmacy sales grew 7% on a 3.8% gain in prescription count for the quarter.
    • Gross profit margin rate decreased 206 bps to 26%.
    • Adjsuted SG&A expense rate -240 bps to 20.1%.
    • Adjusted operating margin rate fell 22 bps to 6.07%.
    • Total drugstores count +8 Q/Q to 8,240.
    • FY2015 Guidance: Adjusted EPS: $3.70 to $3.80.
    • FY2016 Guidance: Adjusted EPS: $4.25 to $4.60.
    • WBA +2.72% premarket.
    | 1 Comment
  • Thu, Jul. 9, 7:01 AM
    • Walgreens Boots (NASDAQ:WBA): FQ3 EPS of $1.02 beats by $0.15.
    • Revenue of $28.79B (+48.4% Y/Y) misses by $840M.
    • Press Release
    | Comment!
  • Wed, Jul. 8, 5:30 PM
  • Mon, Jun. 1, 10:42 AM
    • Walgreens Boots Alliance (WBA -0.8%) announced Anthony Roberts will take over as the company's global chief information officer to replace Tim Theriault.
    • Theriault will stay on with Walgreens as a consultant and senior advisor.
    • The transition becomes effective tomorrow.
    | Comment!
  • Thu, May 21, 11:07 AM
    | 6 Comments
  • Thu, May 21, 9:17 AM
    • New additions to Goldman's hedge fund hotels - 50 stocks which most frequently appear among the largest ten holdings of hedge funds: AerCap (NYSE:AER), Assured Guaranty (NYSE:AGO), Baker Hughes (NYSE:BHI), Citizens Financial (NYSE:CFG), Colony Capital (NYSE:CLNY), Dresser-Rand (NYSE:DRC), Family Dollar (NYSE:FDO), Hospira (NYSE:HSP), Netflix (NASDAQ:NFLX), NXP Semi (NASDAQ:NXPI), Pharmacyclics (NASDAQ:PCYC), Visa (NYSE:V), and Walgreens (NASDAQ:WBA).
    • Since 2001, the basket has outperformed the S&P 500 in 66% of quarters by an average of 73 basis points. YTD, however, it has underperformed by nine bps. Goldman notes the current basket overweights Consumer Discretionary (22%) and underweights Consumer Staples (2%).
    • Looking at the full list, Actavis (NYSE:ACT) leads the way, with 77 funds naming the stock as a top 10 holding. Next up is Apple (NASDAQ:AAPL) with 69, then Facebook (NASDAQ:FB) at 42. For the entire list of 50, the average is 26 funds making a stock a top 10 holding.
    • The rest in order: Valeant (NYSE:VRX), Microsoft (NASDAQ:MSFT), DirecTV (NASDAQ:DTV), Citigroup (NYSE:C), Time Warner (NYSE:TWC), Delta (NYSE:DAL), Cheneire (NYSEMKT:LNG), Yahoo (NASDAQ:YHOO), Liberty Global (NASDAQ:LBTYK), AIG, SunEdison (NYSE:SUNE), Air Products (NYSE:APD), Amazon (NASDAQ:AMZN), GM, BofA (NYSE:BAC), JPMorgan (NYSE:JPM), Macquarie Infrastructure (NYSE:MIC), American Airlines (NASDAQ:AAL), Charter Communications (NASDAQ:CHTR), Google (GOOG, GOOGL), Ally Financial (NYSE:ALLY), NorthStar Realty (NYSE:NRF), Priceline (NASDAQ:PCLN), eBay (NASDAQ:EBAY), MasterCard (NYSE:MA), Alibaba (NYSE:BABA), Micron (NASDAQ:MU), Williams (NYSE:WMB), Gilead (NASDAQ:GILD), Berkshire Hathaway (BRK.A, BRK.B), Dolar General (NYSE:DG), NorthStar Asset (NYSE:NSAM), Brookdale Senior (NYSE:BKD), DISH Network (NASDAQ:DISH).
    • See also: Goldman updates list of hedge funds most-shorted stocks (May 21)
    | 19 Comments
  • Wed, May 20, 11:48 AM
    • Illinois customers of Walgreens will get their first crack at using the company's live doctor app at the end of this month.
    • The drugstore chain will charge $49 per consultation.
    • Walgreen Boots Alliance (WBA -0.7%) expects to roll out the virtual doctor app to 25 states by the end of the year.
    | 1 Comment
  • Thu, Apr. 30, 4:08 PM
    | 2 Comments
  • Thu, Apr. 23, 7:41 AM
    • UBS estimates a buyer would have to pay $95 to acquire Omnicare (NYSE:OCR).
    • Firm thinks Walgreens (NASDAQ:WBA) or Rite Aid (NYSE:RAD) could be interested, but are unlikely to pay up due to limited synergies.
    • OCR increased management comp. in the event of a change in control, a possible indicator the company may be sold.
    • Previously: Omnicare reportedly exploring sale; trading halted (Apr. 22)
    | 1 Comment
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Company Description
Walgreens Boots Alliance Inc operates drug-stores chain in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drug-stores, as well as mail, and by telephone and online.
Sector: Services
Industry: Drug Stores
Country: United States