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Is Ross Stores the Undervalued Retail Stock You've Been Waiting for?
ZACKS· 2024-12-18 14:25
Ross Stores, Inc. (ROST) emerges as an attractive value opportunity in the Retail - Discount Stores industry, trading at a forward 12-month price-to-earnings ratio of 22.8, below the industry average of 31.71x and the Retail-Wholesale average of 25.77x. The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the Retail-Wholesale sector. Furthermore, ROST’s VGM Score of B underscores its appeal as a potential investment.Image Source: Zacks Inv ...
Ross Stores(ROST) - 2025 Q3 - Quarterly Report
2024-12-10 22:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 02, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------------------------------|--------------------------------------------------------|---------------------- ...
Ross Stores: SSS Growth Should Accelerate, But Share Price Upside Is Still Limited
Seeking Alpha· 2024-11-26 04:20
I wrote about Ross Stores (NASDAQ: ROST ) previously ( 17 Sept 2024 ) with a hold rating, as I no longer believed the valuation was attractive. Despite the positive outlook for SSS growth to accelerate, I am retaining my hold ratingI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Techni ...
Ross Stores: ‘Treasure Hunt Environment' Drives Off-Price Store Sales
PYMNTS.com· 2024-11-22 21:15
Ross Stores aims to draw customers and drive sales by offering value and a “treasure hunt environment,” executives said Thursday (Nov. 21) during the off-price retailer’s quarterly earnings call.At its Ross Dress for Less and dd’s Discounts stores, which are largely focused on apparel and home goods, the company turns goods quickly by offering “the right goods at the right value,” Ross Stores Vice Chair and CEO Barbara Rentler said during the call.“It’s really about the value you’re putting on the floor, th ...
Analysts See Growth Potential In Ross Stores Amid Holiday Season Optimism: Details
Benzinga· 2024-11-22 18:43
Several analysts expressed views on Ross Stores, Inc. ROST third-quarter results reported on Thursday.The company reported EPS of $1.48, exceeding the consensus of $1.40, while sales of $5.07 billion missed the street view of $5.15 billion.Ross Stores expects fourth-quarter EPS of $1.57 – $1.64 versus consensus of $1.67 and FY25 EPS of $6.10 – $6.17 compared to the street view of $6.14.BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating on the stock with a price target of $180.The analyst wr ...
Ross Stores Analysts Boost Their Forecasts After Upbeat Earnings
Benzinga· 2024-11-22 18:31
Ross Stores ROST reported better-than-expected third-quarter EPS results on Thursday.Ross Stores reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.40 per share. The company reported quarterly sales of $5.07 billion which missed the analyst consensus estimate of $5.15 billion.Barbara Rentler, Chief Executive Officer, commented, “We are disappointed with our third quarter sales results as business slowed from the solid gains we reported in the first half of 2024. A ...
Crude Oil Gains Over 1%; Ross Stores Earnings Top Views
Benzinga· 2024-11-22 18:16
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining by more than 250 points on Friday.The Dow traded up 0.59% to 44,128.84 while the NASDAQ rose 0.08% to 18,986.80. The S&P 500 also rose, gaining, 0.28% to 5,965.15.Check This Out: Top 3 Materials Stocks That Could Blast Off In NovemberLeading and Lagging SectorsConsumer staples shares rose by 1.5% on Friday.In trading on Friday, communication services shares fell by 0.6%.Top HeadlineRoss Stores ROST reported better-than ...
Ross Stores Q3 Earnings Beat, Comparable Sales Hurt by Weather
ZACKS· 2024-11-22 16:05
Ross Stores, Inc. (ROST) reported results for the third quarter of 2024, wherein the bottom line surpassed the Zacks Consensus Estimates, while the top line missed the same. Net sales and earnings increased from the year-ago period.The company faced challenges as its low-to-moderate-income customers grappled with persistently high living costs, limiting discretionary spending. Additionally, Hurricanes Helene and Milton, and unseasonably warm temperatures, negatively impacted comparable sales (comps). Despit ...
Ross Stores Stock Pops as Earnings Top Estimates Despite Inflation Slowing Sales
Investopedia· 2024-11-22 15:46
Key TakeawaysRoss Stores shares rose Friday morning as the company's third-quarter profits beat estimates despite sales falling short.CEO Barbara Rentler said the chain's customers "continue to face persistently high costs on necessities."Last month, the company announced that Boot Barn CEO James Conroy will take over as CEO once Rentler retires in February. Shares of Ross Stores (ROST) were up Friday morning as the discount retailer's earnings came in better than expected. The company reported $488.8 milli ...
2 Retail Stocks Making Outsized Moves After Earnings
Schaeffers Investment Research· 2024-11-22 15:45
Shares of Gap Inc (NYSE:GAP) and Ross Stores Inc (NASDAQ:ROST) are both making outsized moves, after the retail companies posted their quarterly results.Gap stock was last seen 8.2% higher at $23.84, after the retail name hiked its annual guidance for the third time in 2024. The company now expects fiscal 2024 sales to rise between 1.5% and 2%, well above analysts' 0.4% growth expectations. And while hurricanes and unseasonably warm weather dented sales, Gap beat third-quarter earnings per share and revenue ...