Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMNF | RTMAF | V.RET.A

Consumer Cyclical

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.

TSXV:RET - Post by User

Reitmans Ord Shs > Older Plus Sized Canadian Women Share of Wallet

<< Previous

Bullboard Posts

Next >>

Comment by TheCount11on Oct 17, 2022 12:26pm

117 Views

Post# 35029167

RE:RE:RE:RE:Older Plus Sized Canadian Women Share of Wallet

I hear you. Reitmans has to prove itself again.

For some historical context on Reitmans

REITMANS	2011	2010	2009	2008	2007
EARNINGS PER SHARE	1.3	0.98	1.21	1.531	1.461
DIVIDENDS PAID	51895	49351	50885	46930	40893
RET.A PRICE AT YEAR-END	17.81	16.14	10.68	17.12	23.05
PE ratio	14	16	9	11	16

NORDSTROM uses of cash
Capex: 3%
Debt: Reduction
Shareholder return: quarterly div $0.19; $35M of $500M stock repurchase

Reitmans NCIB, eventual dividends and time to reprice at a PE of 7. NCIB is like a magnet that draws PE towards the industry mean. The other banners (RW &Co and Reitmans are more like a Zara) which commands a higher PE around 22 : ). I would expect a PE above 10 for RET if they focus on shareholders. They have had it in the past.

<< Previous

Bullboard Posts

Next >>

AI companies to invest in