J Sainsbury PLC

J Sainsbury is principally engaged in food, general merchandise and clothing retailing and financial services. Co. is organized into four operating segments: Retail (Food), which provides a range of food, including organic produce; Retail (General Merchandise and Clothing), which provides a range of products across home, clothing, technology and leisure; Financial Services (Sainsbury's Bank plc and Argos Financial Services entities), which provides products such as credit cards, insurance, travel money and personal loans; and Property Investment (The British Land Company PLC and Land Securities Group PLC joint ventures). At Mar 11 2017, Co. had 605 supermarkets and 806 convenience stores.
  • TickerSBRY
  • ISINGB00B019KW72
  • ExchangeLondon Stock Exchange
  • SectorFood & Drug Retailers
  • CountryUnited Kingdom

Analysts

SAINSBURY J PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SAINSBURY J PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 19, 2019, the closing price was GBp 205.90 and its potential was estimated at GBp 230.68.

Ioannis Pontikis

Morningstar | J Sainsbury Reports Soft 1Q Trading Update With Non-Food Dragging Growth Down

No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including fuel) in the first quarter, a noticeable underperformance versus Tesco's positive 0.8% (excluding B...

Ioannis Pontikis

J Sainsbury Reports Soft 1Q Trading Update With Non-Food Dragging Growth Down

No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including ...

Sainsbury, 04 July 2019

Item 2: Advisory vote on the remuneration report The structure is unacceptable. Although pay weighted more towards rewarding long-term performance, the difference is very slight. Additionally, the maximum bonus exceeds guidelines, accelerated vesting in the event of a change of control is possible, and qualitative criteria for the STI exceed guidelines. There is insufficient disclosure of targets for the annual bonus. Accordingly, we recommend that shareholders oppose this resolution.

Ioannis Pontikis

Morningstar | J Sainsbury Reports Fiscal 2019 Preliminary Results With Higher Cost Savings Driving Profit Beat

No-moat J Sainsbury reported preliminary results for the 52 weeks to Mar 9, with group sales (excluding VAT, including fuel) at GBP 29 billion (equal to our model's) and retail like-for-like sales growth (excluding fuel) at negative 0.2% (versus up 0.4% in our model). Retail underlying operating profit increased 7.8% at GBP 635 million versus GBP 622 million in our model, principally driven by cost savings ahead of guidance (GBP 220 million versus GBP 200 million guided). Management introduced new guidance on net debt reduction (GBP 600 million over the next three years) and said it will inves...

Ioannis Pontikis

Morningstar | J Sainsbury Reports Soft 1Q Trading Update With Non-Food Dragging Growth Down

No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including fuel) in the first quarter, a noticeable underperformance versus Tesco's positive 0.8% (excluding B...

Ioannis Pontikis

J Sainsbury Reports Soft 1Q Trading Update With Non-Food Dragging Growth Down

No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including ...

Ioannis Pontikis

Morningstar | J Sainsbury Reports Fiscal 2019 Preliminary Results With Higher Cost Savings Driving Profit Beat

No-moat J Sainsbury reported preliminary results for the 52 weeks to Mar 9, with group sales (excluding VAT, including fuel) at GBP 29 billion (equal to our model's) and retail like-for-like sales growth (excluding fuel) at negative 0.2% (versus up 0.4% in our model). Retail underlying operating profit increased 7.8% at GBP 635 million versus GBP 622 million in our model, principally driven by cost savings ahead of guidance (GBP 220 million versus GBP 200 million guided). Management introduced new guidance on net debt reduction (GBP 600 million over the next three years) and said it will inves...

Ioannis Pontikis

J Sainsbury Reports Fiscal 2019 Preliminary Results With Higher Cost Savings Driving Profit Beat

No-moat J Sainsbury reported preliminary results for the 52 weeks to Mar 9, with group sales (excluding VAT, including fuel) at GBP 29 billion (equal to our model's) and retail like-for-like sales growth (excluding fuel) at negative 0.2% (versus up 0.4% in our model). Retail underlying operating profit increased 7.8% at GBP 635 million versus GBP 622 million in our model, principally driven by cost savings ahead of guidance (GBP 220 million versus GBP 200 million guided). Management introduced n...

Ioannis Pontikis

Morningstar | CMA Blocks Merger Between Sainsbury's and Asda in Line With Expectations; Shares Fairly Valued

On April 25, the U.K. Competition and Markets Authority, or CMA, issued its final report over the proposed merger of Sainsbury's and Asda, blocking the deal. This is in line with our expectations and follows the CMA's harsh preliminary assessment, which left no scope for the deal be approved. We maintain our GBX 273 fair value estimate and no-moat rating. In February, after the CMA announced its preliminary findings, we anticipated that no viable divestment plan could make the deal acceptable to the CMA and we lowered our fair value estimate to reflect the grocer's value as a stand-alone comp...

2 directors bought

Two Directors at Sainsbury (J) bought 170,000 shares at between 230p and 231p. The significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

SAINSBURY J PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SAINSBURY J PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 19, 2019, the closing price was GBp 205.90 and its potential was estimated at GBp 230.68.

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Sainsbury, 04 July 2019

Item 2: Advisory vote on the remuneration report The structure is unacceptable. Although pay weighted more towards rewarding long-term performance, the difference is very slight. Additionally, the maximum bonus exceeds guidelines, accelerated vesting in the event of a change of control is possible, and qualitative criteria for the STI exceed guidelines. There is insufficient disclosure of targets for the annual bonus. Accordingly, we recommend that shareholders oppose this resolution.

Sainsbury – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

PROXY REPORT 11/07/2018

Equal Pay Lawsuit The Company is currently facing claims brought by approximately 1,000 employees in the Employee Tribunal for equal pay under the Equality Act 2010. The majority of the claimants are female store employees who feel they are being unfairly paid compared to the pay of warehouse employees who are largely male. The claim asserts that the work of the claimants is of equal value to that of those in the warehouse and thus that the different pay rates are discriminatory. Since these claims are at an early stage, it is unclear as to how they will develop. Item 2: Approve the Remunera...

Expert Corporate Governance Service (ECGS)

Etude l' AG du 05/07/2017

The Company’s Chairman, Mr. Tyler, was sent a warning letter following an internal investigation which concluded there were material breaches of three Company policies in 2013.  He was found to have used the services of a member of the supermarket’s sustainability team, who had expertise in green energy and engineering, to review plans for underfloor heating systems at his barn conversion.  The Sainsbury’s employee gave advice after visiting Tyler’s property several times, during working hours, and asked a supermarket building contractor to develop a proposed action plan – which the firm carri...

Valérie GASTALDY

Short term view - SAINSBURY (J) PLC : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. Stochastics are at the overbought level. prices could fall again to 287.82 p.

Valérie GASTALDY

Analyse court terme - SAINSBURY (J) PLC : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 287,82 p.

Valérie GASTALDY

Short term view - SAINSBURY (J) PLC : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at 341.30 p.

Valérie GASTALDY

Analyse court terme - SAINSBURY (J) PLC : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 341,30 p.

Valérie GASTALDY

Medium term view - SAINSBURY (J) PLC : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at 342.82 p and 371.96 p. The trend would be invalidated below the support at 273.38 p.

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