The Meaning Behind Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Below is a list of notable value stocks in the consumer cyclical sector:
- Genesco GCO - P/E: 6.69
- Hibbett HIBB - P/E: 8.36
- Destination XL Group DXLG - P/E: 5.04
- Sonder Holdings SOND - P/E: 2.36
- G-III Apparel Group GIII - P/E: 3.81
This quarter, Genesco experienced an increase in earnings per share, which was $0.59 in Q2 and is now $1.65. Hibbett saw an increase in earnings per share from 1.86 in Q2 to $1.94 now. Its most recent dividend yield is at 1.53%, which has decreased by 0.12% from 1.65% in the previous quarter.
Destination XL Group has reported Q3 earnings per share at $0.16, which has decreased by 50.0% compared to Q2, which was 0.32. This quarter, Sonder Holdings experienced a decrease in earnings per share, which was $-0.2 in Q2 and is now $-0.35. Most recently, G-III Apparel Group reported earnings per share at $1.35, whereas in Q2 earnings per share sat at $0.39.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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