Consumers are looking for a bargain! Here are the top 10 retail stocks to perform trades

The TipRanks website traffic checker tracks changes in consumer behavior and helps gauge the impact of those changes on a company’s financial statements and stock prices. Furthermore, the tool tracks all company domains and sub-domains (which are sections of a company’s main website and relevant to its financials), which are unique to TipRanks.

With this website traffic tool, let’s take a look at the 10 most visited retail websites in July. Learn how website traffic can help you find your favorite stocks.

This is important, as looking at which websites have had the most traffic compared to the previous year can be a solid starting point for identifying the best companies that have outpaced others.

Furthermore, we combined web traffic with TipRanks’ other valuable datasets, such as analyst recommendations, insider signals, and hedge funds, to further shed light on the growth of the retail bargain business.

Top 10 most visited websites in July 2022

Sports and Outdoors Academy (Nasdaq: ASO)

Ranking: #10
Year-over-year traffic growth: 43.74%

The Academy is a leading retailer of sporting goods and outdoor entertainment. While its comparable sales remain weak due to inflation, supply chain bottlenecks, and tough comparisons throughout the year, e-commerce sales grew 18.8% in the first quarter.

While management expects comparable sales to remain weak in 2022 due to the above challenges, the TipRanks website visits tool shows that momentum in its e-commerce business has continued. According to the tool, the number of visits to emiry.com increased by 43.74% YoY in July 2022. Moreover, the number of visits grew by 36.94% on a quarterly basis (Q2-May-July).

Stephens Daniel Imbro analyst has a buy recommendation for ASO stock. Moreover, the average target price of $72 indicates a 54.84% upside potential.

While Imbro is bullish on ASO stock, hedge funds and retail investors have been cutting holdings due to macro headwinds and tough investment firms. Hedge funds have reduced their holdings in ASO shares by 1.5 million shares in the past three months. Moreover, in one month, 0.7% of TipRanks investors reduced their exposure to ASO stocks. ASO stock has a neutral smart score of 6 out of 10.

Ranking: #9
Year-over-year traffic growth: 47.74%

Stitch Fix offers a personalized online shopping and design service. The company combats the negative impact of (Nasdaq: AAPL) Privacy changes, affecting traffic and customer acquisition.

However, TipRanks’ website traffic tool shows that SFIX’s efforts to mitigate the challenges are gaining ground. According to the tool, the number of visits to Stitchfix.com increased by 47.74% YoY in July 2022. Moreover, the number of visits grew by 40.17% QoQ (Q4 – May – July).

Due to ongoing challenges, SFIX stock has a consensus Hold rating on TipRanks based on 1 buy, 14 comments and 2 sell recommendations. Moreover, the average analyst price target of $7.28 suggests a potential rally of 1.11%.

While analysts remain sidelined, SFIX stock received positive signals from hedge funds and insiders. Hedge funds have increased their holdings in SFIX by 944.1 thousand shares in the past three months. Moreover, insiders bought SFIX shares for $5.4 million during the same period. SFIX stock has a neutral smart score of 7 out of 10.

TJX Companies, Inc. (New YorksE: TJX)

Ranking: #8
Year-over-year traffic growth: 50.98%

TJX Enterprises is a retailer of home fashion and apparel. Its value proposition continues to attract consumers, driving increased traffic despite the challenging retail environment. This is well reflected in their website visitation trends.

TipRanks website visits tool shows that visits to tjmaxx.com and two other websites grew 50.98% year-over-year in July 2022. Moreover, traffic increased by 49.48% qoq (Q3 – May – July).

Thanks to the continued momentum in its business, TJX stock received 13 buy recommendations and three hold recommendations to gain consensus for a strong buy rating. Moreover, the average analyst price target of $75.27 indicates a 16.86% upside potential.

Along with analysts, TJX stock has received a positive signal from hedge funds, which have bought 483.1 thousand shares in the past three months. However, insiders sold TJX shares worth $7 million. However, TJX stock has a better smartwatch performance out of 9 out of 10.

Ranking: #7
Year-over-year traffic growth: 64.86%

Caleres owns a variety of consumer-led footwear brands. CAL started the year on a strong note with strong consumer demand.

The TipRanks website traffic tool shows that visits to the popular Caleres website and its seven other sites grew 64.86% year-over-year in July 2022. Moreover, traffic increased by 57.94% quarter-on-quarter (Q2 – May – July). )) ). The trend of website traffic indicates that the momentum in its business continued in the second quarter.

Seaport Global analyst Mitch Kummetz has classified CAL stock as a buy. Moreover, the analyst’s target price at $35 indicates a 17.61% upside potential.

The CAL stock has positive indications from hedge funds and retail investors. Hedge funds have bought 128.8 thousand CAL shares in the past three months. Furthermore, 7.8% of TipRanks investors increased their exposure to CAL stocks in one month. CAL stock has an outperforming smart score of 9 out of 10.

boot barn holding (New York Stock Exchange: BOOT)

Ranking: #6
Year-over-year traffic growth: 84.42%

Boot Barn is a leading retailer of western and work-related footwear, accessories, and apparel. Its robust commercial and marketing strategies, along with expanding its end-to-end channel capabilities, are driving full-price sales in stores and online, which is encouraging.

TipRanks’ website traffic tool shows momentum in its business continued in the second quarter. According to the tool, traffic to bootbarn.com increased by 84.42% year-over-year in July 2022.

BOOT shares have a unanimous buy rating on TipRanks based on eight buy recommendations and one hold. Moreover, the average analyst price target of $101.11 indicates a 44.92% upside potential.

While analysts are optimistic about BOOT stock, it has negative signals from hedge funds and retail investors. Hedge funds have sold 346.5 thousand BOOT shares in the past three months. Furthermore, 1.8% of TipRanks investors reduced their exposure to BOOT stock in one month. However, insiders bought shares of BOOT worth $175.8 thousand in the last quarter. BOOT stock has a smart outperformance score of 8 out of 10.

Ranking: #5
Year-over-year traffic growth: 90.62%

Dollar Tree operates discount stores under the Dollar Tree and Family Dollar brands. Their pricing, value proposition, and convenience continue to drive traffic.

The TipRanks website traffic tool shows that Dollar Tree continues to attract bargain-hunting consumers. According to the tool, the number of visits to dollatree.com increased by 90.62% year-on-year in July 2022. Moreover, the number of visits grew by 86.44% on a quarterly basis (Q2-May-July).

DLTR stock received nine buy recommendations, five hold and one sell recommendation for an average consensus of the buy rating. Moreover, the average analyst price target of $172.14 points to a 4.09% upside potential.

While analysts are cautiously optimistic about DLTR stock, hedge funds have sold 1.7 million DLTR shares in the past three months. However, 1.2% of TipRanks investors increased their exposure to DLTR stocks in one month. DLTR stock has a smart outperformance score of 9 out of 10.

America Car Mart (Nasdaq: CRMT)

Ranking: #4
Year-over-year traffic growth: 101.77%

Car-Mart of America operates auto dealerships and is a leading US auto retailer. It operates car dealerships mostly in small towns, sells used cars, and provides financing.

While high interest rates, high inflation, and imbalance between supply and demand remain challenges, CRMT benefits from high average sales price and strong sales volume productivity.

TipRanks website visits tool shows that the number of visits to car-mart.com increased by 101.77% YoY in July 2022. Moreover, traffic grew by 97.79% QoQ (Q1 – May – July). The sudden rise in web traffic indicates that CRMT could deliver improved financial data in the next quarter.

CRMT stock received one buy, one hold, and one sell recommendation for a consensus Hold rating. Moreover, the average analyst price target of $115.33 points to a 1.11% upside potential.

While analysts have remained sidelined, hedge funds have bought 356.1 thousand shares of CRMT in the past three months. However, 3.1% of TipRanks investors reduced their exposure to CRMT stocks in one month. CRMT stock has a neutral smart score of 7 out of 10.

Ranking: #3
Year-over-year traffic growth: 127.26%

Buckle is a fashion retailer that sells clothing, shoes, and accessories. Its sales are swinging well despite the overall concerns. Furthermore, TipRanks’ website traffic tool shows that BKE can continue to deliver improved sales.

TipRanks website visits tool shows that visits to buckle.com increased 127.26% year-over-year in July 2022. Moreover, traffic grew by 94.67% qoq (Q2-May-July).

BKE stock has positive signals from hedge funds and insiders. Hedge funds have bought 146.4 thousand BKE shares in the past three months. Moreover, insiders bought BKE shares worth $5.8 thousand during the same period. Blogger is also optimistic about BKE stock. Generally, the BKE stock has a maximum smart score of 10.

Casey General Stores (Nasdaq: Cassie)

Ranking: #2
Year-over-year traffic growth: 137.35%

Casey’s General Stores operates convenience store chains. Provides self-service petrol, groceries and fresh food.

It continues to deliver good in-store sales and is confident that the momentum will likely continue into fiscal year 23. Management’s guidance is aligned with web traffic trends. According to TipRanks’ website traffic tool, visits to caseys.com grew by 137.35% in July 2022. Moreover, traffic increased by 91.21% on a quarterly basis (Q1-May-July).

CASY stock received four buy recommendations, one hold and one sell recommendation for a medium consensus on its buy rating. Moreover, the average analyst price target of $229.50 suggests a potential upside of 11.19%.

While analysts are cautiously optimistic, hedge funds have sold 5.5 thousand shares of CASY in the past three months. Furthermore, 1.4% of TipRanks investors reduced their exposure to CASY stocks in one month. However, it has positive indicators from bloggers and athletes outperforming smartwatches out of 9 out of 10.

Rank 1
Year-over-year traffic growth: 137.35%

Ross Ross operates a store of Dress For Less, an off-price clothing and home fashion chain. Difficult year-round comparisons and a challenging macro environment have led management to take a conservative approach. However, management expects sales and profitability to improve as the year progresses.

According to TipRanks’ website traffic tool, visits to rossstores.com increased by 298.99% in July 2022. Moreover, traffic grew by 142.72% on a quarterly basis (Q2-May-July). The strong improvement in web traffic indicates that Ross Stores could deliver a better-than-expected main line in the second quarter.

Given the challenges, ROST stock has an average buy rating consensus on TipRanks based on 11 buys and six hold recommendations. Moreover, the average analyst price target of $94.76 suggests a potential rally of 7.50%.

Hedge funds have sold 191.8 thousand shares of ROST stock in the past three months. Moreover, insiders sold ROST shares worth $81.5 thousand during the same period. However, 1% of TipRanks investors increased their exposure to ROST stock in one month. It has a neutral intelligent score of 7 out of 10.

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Website traffic trends show that consumers are turning to bargain hunting as high inflation and rising interest rates pose challenges. However, supply bottlenecks and overall headwinds remain a burden for these companies.

Created with the help of TipRanks’ stock comparison tool, here’s a summary of how the bargain’s retail stocks stack up on TipRanks’ valuable datasets.

Keep watching this space for updated website visit data for bargain retailers.

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