Wal-Mart Stores (NYSE:WMT) Purchases Online Outdoor Clothing and Gear Retailer Moosejaw for $51M In An All-Cash Deal- Scorpio Tankers (STNG)

Wal-Mart Stores, Inc. (NYSE:WMT) [Trend Analysis] swings ardently in active trading session, it moves up of 1.31% to close at $68.66. Wal-Mart Stores Inc (WMT) declared that it has purchased online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in U.S. e-commerce.

Moosejaw will be Wal-Mart’s third acquisition in just over six months. In August 2016, the world’s largest retailer paid more than $3 billion to acquire online startup Jet.com and in late December, Jet.com acquired online footwear retailer ShoeBuy for approximately $70 million.

In the five years before the Jet.com deal, the retailer acquired more than 15 startups. Wal-Mart has not disclosed what it spent on each of those acquisitions, but said it spent a total of $3.1 billion on e-commerce and digital projects in the four fiscal years to January 2017. Moosejaw is a Michigan-based online retailer with 10 brick-and-mortar stores. It sells outdoor gear and apparel from makers including Patagonia and North Face and has “strong relationships” with these brands, Wal-Mart said in a statement.

“Apparel and accessories is now the number one category for digital commerce, according to comScoreInc, and we gain the experience of another well-established e-commerce player, this time in the active outdoor category,” Wal-Mart’s statement said. Moosejaw will continue to operate its site and stores separately and will be run as a standalone brand.

The stock price of firm is moving up from its 20 days moving average with 2.23% and remote isolated negatively from 50 days moving average with -0.14%. (Full [FREE Analysis] of NYSE:WMT And Be Sure To Notice The Intermediate Period)

Moving toward the volatility measures, the price volatility of stock was 1.55% for a week and 1.28% for a month as well as price volatility’s Average True Range for 14 days was 0.94. The beta, which indicates risk in relegation to the market, remained 0.12. The firm past twelve months price to sales ratio was 0.44 and price to cash ratio remained 36.08. As far as the returns are concern, the return on equity was recorded as 18.70% and return on investment was 13.40% while its return on asset stayed at 7.20%.

Scorpio Tankers Inc. (NYSE:STNG) [Trend Analysis] considering as most desiring stocks in active trading lead, shares shows upbeat performance surged after opening to traded at $4.47 with volume of 10.96 Million shares.

STNG is ahead its 52-week low with 27.71%and going down from its 52-week high price with -28%. The company’s shares performance for the last one month was -2.40% and 20.49% in the previous week.

As the revenues measures, firm has operation margin of 24.10% in the following twelve months with net profit margin of positive 6.50%. The Company showed a positive 6.50% in the net profit margin. Company’s annual sales growth for the past five year was 81.10%.

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Steve Hart

Steve Hart is a longtime business journalist who has covered everything from municipal bonds to management, major banks and MBA programs. Prior to becoming a writer at Seneca Globe News, Steve Hart was a securities analyst and a budget and fiscal analyst. Steve can be reached at steve.hart@senecaglobe.com

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