We continue to buy and patiently harvest broadly diversified portfolios of undervalued stocks for their long-term appreciation potential, says Jason Clark; in The Prudent Speculator, he looks at three consumer-related ideas.

Shares of Hasbro (HAS) advanced 10% after the maker and seller of toys reported earnings and revenue that beat analyst expectations.

HAS reported earnings of $1.31 per share, versus consensus estimates for $1.28, on revenue of $1.37 billion. Period results were supported by cost control initiatives and strong international sales.

We boosted our Target Price for HAS to $56 and we note that the stock still yields 3%, despite the handsome gains enjoyed this year.

PetMed Express (PETS) announced that its fiscal Q2 net income climbed 5% on increased reorders, higher online sales, and lower operating expenses.

However, EPS came in a penny light of analyst expectations and shares of the pet pharmacy company were pummeled, dropping more than 12% on the news. We still like PETS' solid balance sheet, cash flow generation, and 4.6% dividend yield.

Personal-care products maker Kimberly-Clark (KMB) enjoyed a nice pop in its shares of more than 6% this past week, after reporting quarterly earnings and revenue that exceeded consensus analyst estimates.

Third quarter EPS came in at $1.44, versus expectations of $1.40, on revenue of $5.26 billion. We like the reasonable valuation, lower-risk profile, and 3.1% dividend yield for this consumer-staple mainstay.

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Tickers Mentioned: HAS, PET, KMB

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