The latest trading session saw Ross Stores (ROST) ending at $148.87, denoting a +0.53% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.64% for the day. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%.Prior to today's trading, shares of the discount retailer had lost 1.53% over the past month. This has lagged the Retail-Wholesale sector's gain of 2.58% and the S&P 500's gain of 3.82% in that time.The investment community wil ...

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Have you been paying attention to shares of Ross Stores (ROST) ? Shares have been on the move with the stock up 4% over the past month. The stock hit a new 52-week high of $153.06 in the previous session. Ross Stores has gained 9.6% since the start of the year compared to the 13.7% move for the Zacks Retail-Wholesale sector and the 18.7% return for the Zacks Retail - Discount Stores industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't mis ...

Company Performance - Ross Stores (ROST) closed at $146.83, reflecting a +0.1% change from the previous day, outperforming the S&P 500's gain of 0.07% [1] - Over the past month, shares have increased by 1.33%, underperforming the Retail-Wholesale sector's gain of 2.94% and the S&P 500's gain of 4.34% [1] - The upcoming financial results are expected to show an EPS of $1.49, a 12.88% increase year-over-year, with revenue projected at $5.24 billion, indicating a 6.1% increase [1] Earnings Estimates - For the full year, earnings are projected at $5.97 per share and revenue at $21.2 billion, reflecting changes of +7.37% and +4.05% respectively from the previous year [2] - Recent changes in analyst estimates indicate shifting business dynamics, with positive revisions suggesting confidence in the company's performance [2] Valuation Metrics - Ross Stores has a Forward P/E ratio of 24.58, which is a premium compared to the industry's average Forward P/E of 21.32 [3] - The company has a PEG ratio of 2.57, which is comparable to the Retail - Discount Stores industry's average PEG ratio of 2.56 [3] Industry Context - The Retail - Discount Stores industry is part of the Retail-Wholesale sector and currently holds a Zacks Industry Rank of 164, placing it in the bottom 35% of over 250 industries [4] - The Zacks Industry Rank assesses industry strength based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Company Overview - Ross Stores (ROST) closed at $146.08, reflecting a -1.79% change from the previous session, underperforming the S&P 500's 0.09% gain [1] - Over the past month, shares of Ross Stores increased by 6.93%, outperforming the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 3.38% [1] Financial Performance Forecast - The upcoming financial results are expected to show an EPS of $1.49, representing a 12.88% increase from the same quarter last year [1] - Revenue is forecasted to be $5.24 billion, indicating a 6.1% growth compared to the corresponding quarter of the prior year [1] - For the entire fiscal year, earnings are predicted to be $5.97 per share and revenue at $21.2 billion, reflecting changes of +7.37% and +4.05% respectively from the previous year [2] Analyst Estimates and Valuation - Recent adjustments to analyst estimates suggest a favorable outlook on the company's business health and profitability [2] - The Zacks Rank system currently rates Ross Stores at 3 (Hold), with a consensus EPS projection that has moved 0.3% higher in the past 30 days [3] - Ross Stores has a Forward P/E ratio of 24.92, which is a premium compared to the industry's average Forward P/E of 21.41 [3] - The company has a PEG ratio of 2.61, compared to the average PEG ratio for the Retail - Discount Stores industry, which is 2.54 [3] Industry Context - The Retail - Discount Stores industry ranks 162 in the Zacks Industry Rank, placing it in the bottom 36% of all industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Ross Stores (ROST) closed at $149.29 in the latest trading session, marking a +1.3% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.18%.Heading into today, shares of the discount retailer had gained 11.76% over the past month, outpacing the Retail-Wholesale sector's gain of 1% and the S&P 500's gain of 3.15% in that time.The investment community will be closely monitoring the perf ...

Core Insights - Ross Stores, Inc. has effectively navigated macroeconomic challenges by adjusting its merchandise, resulting in a 3% increase in comparable store sales in Q1 2024, driven by higher customer traffic and an 8% year-over-year sales improvement [1] - The company has a strong off-price retail business model that appeals to value-conscious consumers, ensuring consistent store traffic across various economic conditions [2] Financial Performance - In Q1 2024, Ross Stores surpassed Zacks Consensus Estimates for both revenue and earnings, with year-over-year improvements attributed to favorable customer responses to quality and branded bargains [1] - The cost of goods sold as a percentage of revenues decreased by 140 basis points, contributing to improved operating margins, despite a 15-basis point decline in merchandise margin [3] Expansion Strategy - As of May 24, 2024, Ross Stores operates 2,127 stores, including 1,775 Ross Dress for Less and 352 dd's DISCOUNTS locations, reflecting a robust expansion strategy [4] - The company plans to open 90 new stores in fiscal 2024, having already inaugurated 11 new Ross Dress for Less stores and seven dd's DISCOUNTS outlets in early 2024 [4] Future Outlook - For Q2 2024, management anticipates comparable store sales to rise by 2-3% year-over-year, with earnings per share projected between $1.43 and $1.49, up from $1.32 in the prior year [5] - For the 52 weeks ending February 1, 2025, comparable store sales are expected to increase by 2-3%, with earnings per share forecasted at $5.79-$5.98 compared to $5.56 for the previous year [5] Market Position - Despite a 9.5% decline in share price over the past six months, Ross Stores remains a significant player in the off-price retail sector, with a business model that continues to attract value-conscious consumers [6]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zac ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zac ...

Key PointsRoss Stores had a solid quarter and guided higher, leading the analysts to lift their targets. Analysts are leading ROST stock to a new all-time high, about 15% above the current action.Ross Stores' value equation includes strong results, a healthy balance sheet, reliable dividends, and count-reducing share buybacks. 5 stocks we like better than Ross StoresRoss Stores NASDAQ: ROST isn’t a cheap stock trading 24 times its earnings, but it is a value for investors. Competitor TJX Companies NYSE: TJX ...