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Friday up in flat week, except techFlat Friday ends positive weekFlat Friday, down weekThis summary was created by AI, based on 3 opinions in the last 12 months.
Experts are generally positive about the recent performance of Ross Stores Inc., with the company reporting a strong beat and showing momentum. The middle-income consumer segment is driving the company's success, while high-income consumers are not significantly changing their spending patterns. Low-income spenders are under pressure, indicating a trade-down trend. Overall, the company's focus on off-price retail seems to be paying off, and experts expect retail stocks to perform better next year.
It reported a strong beat, and it reflects the middle-income consumer. High-income consumers haven't changed their spending, and low-income spenders are facing a lot of pressure, as seen in Dollar General's performance. This reflects the trade down and like has more momentum ahead
It just reported a strong, reflecting how consumers are buying off-price (discounts).
Just sold it. Share are up 21% in last three months off the lows and trades at 22x earnings, but peers like Ralph Lauren are up only 12-13%. Ross is higher because of the notion that 2022's inventory surplus will be good for 2023, so share ran up in anticipation of that.
A discount US retailer found in strip malls. They buy excess inventory from big department stores like Nordstrom. ROST is like Homesense. High margins, low debt. They will thrive as consumers watch their money. Like Dollarama, this is defensive. With some big retailer likely to close, like J. Crew this opens an opportunity for ROST to buy a lot of inventory. (Analysts’ price target is $100.73)
(A Top Pick July 10/17 Up 57%). This is a core holding for him. This was the only stock on the S&P500 that was up in 2008. They are building their store count and buying back shares – all good things.
All 3 of his top picks have an element of defensiveness to them. Out of 500 companies in the S&P 500, this was the only company to post a positive rate of return in 2008. They buy excess inventories from some of the upper-class US stores for their outlet stores. When companies close stores or are having problems, this is good for the likes of this company. ROE is at about 40% and are actively buying back shares. One of the few retailers that are still opening stores. Dividend yield of 1.1%. (Analysts’ price target is $72.50.)
(A Top Pick March 2/15. Up 19.12%.) A great management team. If you own, she would consider trimming because it has done so well relative to anything else.
This and T.J. Maxx (TJX-N) would be the big retailers on the discount side in the US. This one had a little bump recently on their earnings, but you are looking at very deep discounted fashions. They still have the wherewithal to grow their business. Given that small businesses are still continuing to grow, he imagines it will continue to help the low end consumer. If this were to correct more and get into a better valuation, he would probably recommend that you dip your toes in.
US retail. This company is pretty good. Had an earnings miss recently and the stock was beaten up a little. Has moved into a negative earnings revision cycle. Feels the company is pretty well run, but the industry is running into some strong headwinds. If you own, he would recommend using a stop loss.
Ross Stores Inc. is a American stock, trading under the symbol ROST-Q on the NASDAQ (ROST). It is usually referred to as NASDAQ:ROST or ROST-Q
In the last year, 3 stock analysts published opinions about ROST-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ross Stores Inc..
Ross Stores Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ross Stores Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Ross Stores Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-31, Ross Stores Inc. (ROST-Q) stock closed at a price of $139.72.
Shares are popping after reporting a beat, and he likes the momentum after this report. They faced tough comps. Shares haven't done much this year until this move. He's been very negative the consumer, but next year he expects retail stocks to do much better.