The most recent trading session ended with Ross Stores (ROST) standing at $142.88, reflecting a +0.68% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.5% for the day. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%.Shares of the discount retailer witnessed a loss of 2.29% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 1.37% and the S&P 500's gain of 0.1%.The investment commu ...

Investors interested in stocks from the Retail - Discount Stores sector have probably already heard of Ross Stores (ROST) and Costco (COST) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive est ...

Ross Stores (ROST) closed the latest trading day at $143.78, indicating a -0.79% change from the previous session's end. This change lagged the S&P 500's 0.16% loss on the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.06%.Shares of the discount retailer witnessed a loss of 2.9% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 1.16% and the S&P 500's gain of 1.96%.Market participants will be closely following the financial results ...

Core Insights - Ross Stores, Inc. is focused on expanding its market presence through an aggressive store growth strategy, having opened 24 new stores in June and July across 17 states [1][2] - The company aims to open approximately 90 new stores in fiscal 2024, targeting a total of 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations in the long term, representing a 20% increase in growth targets [3] Group 1: Store Expansion Strategy - The recent store openings reflect Ross Stores' commitment to expanding its footprint in both established and new markets, strategically selecting locations based on consumer demand [2] - The expansion includes a significant push into newer markets such as Michigan, Minnesota, and New York, while also strengthening its presence in key regions like California, Florida, and Texas [2][4] - Following the latest openings, Ross Stores operates a total of 2,148 locations, including 1,795 Ross Dress for Less stores and 353 dd's DISCOUNTS stores [2] Group 2: Business Model and Market Position - Ross Stores operates off-price retail stores that cater to value-conscious consumers aged 25 to 54 from middle-to-upper middle-class households, making its stores attractive in various economic scenarios [4] - The company's off-price model enhances product allocation and margins through strong value propositions and micromerchandising, reflecting robust consumer demand for value products [4] - The strategic expansion into diverse regions aims to enhance the company's presence in the off-price retail sector, addressing the growing consumer demand for affordable, high-quality products [4]

Ross Stores, Inc. (ROST) seems well-poised for growth, thanks to its robust strategic efforts. The company has been gaining from positive customer response for its merchandise across both banners, which has been boosting the comparable-store sales (comps) performance for a while now. Its store expansion plans also bode well. In first-quarter fiscal 2024, comps improved 3%, mostly attributed to higher customer traffic and a favorable reaction from shoppers toward the enhanced assortments across its stores. T ...

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 ...

Company Overview - Ross Stores Inc. operates as an off-price retailer of apparel and home accessories primarily in the United States, with stores under the Ross Dress for Less and dd's DISCOUNTS brands [7] - The company's stores are mainly located in community and neighborhood shopping centers in densely populated urban and suburban areas [7] Investment Ratings - Ross Stores has a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating a strong investment potential [7][8] - The company is considered a top pick for growth investors, with a Growth Style Score of B, forecasting year-over-year earnings growth of 7.4% for the current fiscal year [7] Earnings Estimates - In the last 60 days, nine analysts have revised their earnings estimates upwards, with the Zacks Consensus Estimate increasing by $0.09 to $5.97 per share [7] - Ross Stores has an average earnings surprise of 10.6%, suggesting a strong performance relative to expectations [7]

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]