Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MASTERCARD

(MA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Back-to-school sales at department stores to jump 25%: report

06/10/2021 | 01:10pm EDT

Look for families to go out and splurge during the back-to-school shopping season that begins next month.

Sales at U.S. department stores are forecast to jump more than 25% from the mid-July through early-September period compared to a year ago, according to Mastercard Inc SpendingPulse data. They're even expected to rise nearly 10% over the pre-health crisis season of 2019.

Back-to-school is the second-most important shopping season after the holiday period.

This year, with increased vaccinations, Americans are now more confident about venturing out and shopping after being holed up for a year indoors. They've got more money to spend, thanks to stimulus checks and record savings.

Consumers will be refreshing their wardrobes after they and their kids mostly wore casual clothing as they worked and studied from home. Apparel sales are expected to shoot up 78%.

Even though they spent a lot on computers and mobile devices during the health crisis, electronics sales are still projected to rise 13%.

But as consumers flock to departments stores and malls, Mastercard predicts e-commerce sales will ease, dropping more than 6% from last year when people mostly shopped online.


ę Reuters 2021
All news about MASTERCARD
05:30pINSIDER TRENDS : Selling By Insiders Lingers at Mastercard
MT
08:12aMASTERCARD : and Jennifer Hudson Partner to Celebrate Black Women Business Owner..
BU
08/02Twitter's Dorsey leads $29 billion buyout of lending pioneer Afterpay
RE
08/02MASTERCARD : People Globally Want to Expand their Minds, Unwind from the Daily G..
PU
08/02MASTERCARD : JPMorgan Adjusts Price Target for Mastercard to $427 From $392, Mai..
MT
08/02MASTERCARD : Morgan Stanley Adjusts Price Target for Mastercard to $451 From $44..
MT
08/02MASTERCARD : Partners with Birmingham Department of Innovation & Economic Opport..
BU
08/02MASTERCARD : Mizuho Securities Adjusts Mastercard's Price Target to $450 From $4..
MT
08/02MASTERCARD : Barclays Adjusts Mastercard's Price Target to $455 From $452, Reite..
MT
08/01Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay
RE
More news
Financials (USD)
Sales 2021 18 856 M - -
Net income 2021 8 186 M - -
Net Debt 2021 5 217 M - -
P/E ratio 2021 44,6x
Yield 2021 0,44%
Capitalization 363 B 363 B -
EV / Sales 2021 19,5x
EV / Sales 2022 16,3x
Nbr of Employees 21 000
Free-Float 61,9%
Chart MASTERCARD
Duration : Period :
MasterCard Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MASTERCARD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Last Close Price 367,60 $
Average target price 434,66 $
Spread / Average Target 18,2%
EPS Revisions
Managers and Directors
Michael E. Miebach President, Chief Executive Officer & Director
Sachin J. Mehra Chief Financial Officer
Ajaypal S. Banga Executive Chairman
Edward McLaughlin President-Operations & Technology
Timothy H. Murphy Chief Administrative Officer
Sector and Competitors
1st jan.Capi. (M$)
MASTERCARD5.13%370 297
VISA9.62%509 968
PAYPAL HOLDINGS, INC.15.71%318 422
PALO ALTO NETWORKS, INC.12.64%38 988
NUVEI CORPORATION36.14%11 413
AVAST PLC9.43%8 435