Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 6:Stifel Financial Corp. (SF) : This financial services and bank holding company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.Stifel Financial Corp has a price-to-earnings ratio (P/E) of 10.92 compared with 21.00 for the industry. The company possesses a Value Score of A.J Sainsbury plc (JSAIY) : This retail ...

Sainsbury’s is to cut around 1,500 roles as it starts to unroll its plan to save around £1 billion of costs. The grocer flagged its cost savings target in a strategy update on 7 February without giving any details, but today said the cuts would be at its contact centre in Widnes, in-store bakeries and local fulfilment centres. “As we move into the next phase of our strategy, we are making some difficult, but necessary decisions,” chief executive Simon Roberts said. “I know today’s news is unsettling for aff ...

J Sainsbury PLC (LSE:SBRY) shares slumped around 5% on Wednesday after the group’s new strategy update left some analysts underwhelmed due to its lack of detail. Under the plan, Sainsbury is aiming to cut costs by £1 billion within three years, while growing its food volumes. “It’s not hard to dream up such a wish list to improve the company’s fortunes,” said Russ Mould, investment director at AJ Bell. “Achieving the goal is another matter and it will cost money – something the market typically hates.” Sain ...

J Sainsbury PLC (LSE:SBRY) launched a new three-year strategy focusing on improving its food volumes while managing costs effectively, while shareholder returns remains a key area. Under the new three-year plan, the UK’s second-largest supermarket is aiming to grow food volumes ahead of the market, improve customer satisfaction and implement £1 billion in cost savings. A strong balance sheet means Sainsbury’s will increase its reinvestment into the company, but also allows for greater shareholder returns. £ ...

Sainsbury's cash plans and how it is going to use its strong balance sheet will be on investors’ minds at Wednesday's Strategy Update Day, suggests analyst Clive Black at house broker Shore Capital. “No doubt the group’s shareholders will be interested in future priorities for the firm, including capital allocation.” Black adds that while second-guessing what might be said at these events is 'not wise', he expects chief executive Simon Roberts to outline broad plans for the period covering April 2024-March ...

Morgan Stanley (NYSE:MS) has made Tesco PLC its top pick in European Retail in a wide-ranging note that includes an upgrade for J Sainsbury PLC (LSE:SBRY) but downgrades for H&M, Primark-owner, AB Foods and Kingfisher. The investment bank said its thesis for the year ahead is simple.  As price inflation moderates across geographies, top line growth will become increasingly reliant on volumes.  “We expect retailers who are in the sweet spot to be rewarded by the market, as volume-led top line growth should c ...

Investors with an interest in Retail - Supermarkets stocks have likely encountered both J. Sainsbury PLC (JSAIY) and Wal-Mart de Mexico SAB de CV (WMMVY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank pu ...

Both Marks and Spencer Group PLC (LSE:MKS) and J Sainsbury PLC (LSE:SBRY) have announced a new round of price cuts as they look to win back market share from discounters Aldi and Lidl. Sainsbury’s brought the total items part of its Aldi price match to over 550 this month, while almost 6,000 products can now be bought cheaper with Nectar points. This means the UK’s second-largest supermarket invested £220 million into lowering prices over the financial year and £780 million over the last three years. Produc ...

J Sainsbury PLC (LSE:SBRY) on Thursday said it was planning a phased withdrawal from its core banking business. The decision follows a review of its Financial Services division and comes ahead of the food retailer’s strategy update on February 7. Chief Executive Simon Roberts said: “"We have been clear since we launched our Food First strategy in 2020 that we would concentrate our efforts on our core retail businesses and today's announcement reflects that strategic focus.”  “It's business as usual for now ...

J Sainsbury PLC (LSE:SBRY) did a lot right in 2023 and when it came to reporting its Christmas figures it seemed like it was continuing in the right direction. Sales growth was strong due to strong grocery demand; its outlook for 2024 was reiterated; its ‘Food First’ strategy is coming along nicely; and it even picked three percentage points of market share along the way. So why have shares dropped more than 6%? Too much optimism It should be noted that this slip comes at a time when Sainsbury’s shares are ...