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 ...

Ross Stores, Inc. (ROST) has adeptly responded to the macroeconomic challenges by adjusting its merchandise across both primary retail banners. This strategic adaptation has led to an increase in comparable store sales, indicating robust consumer demand and effective merchandise offerings.In the first quarter of 2024, comps improved 3%, mostly attributable to higher customer traffic. This led to a sales improvement of 8% year over year. The company surpassed the Zacks Consensus Estimate for both the top and ...

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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 ...

These two low-priced retailers have the potential to boost your investment returns. Yes, patient investing in discount stores could make you $1 million over the years. Who knew?Investing in the right industries can significantly boost your portfolio's returns, and discount retail stores are a prime example. Affordable apparel and home goods may not sound like a moneymaking business idea, but there will always be solid demand for these goods. Sector leaders like Ross Stores (ROST 7.79%) and TJX Companies (TJ ...

Ross Stores, Inc.’s (ROST) top and bottom lines beat the Zacks Consensus Estimate in the first quarter of fiscal 2024. Both metrics improved year over year. The strong results, which can be attributed to customers' favorable response to quality and branded bargains, lead to impressive earnings growth.Consequently, this Zacks Rank #3 (Hold) company’s shares have rallied 30.3% in the past year compared with the industry's 36.3% growth.Q1 InsightsRoss Stores’ earnings of $1.46 per share beat the Zacks Consensu ...

Key TakeawaysRoss Stores beat profit and sales forecasts and raised its guidance as the off-priced retailer reduced costs.CEO Barbara Rentler said the results came even as the company faced macroeconomic headwinds that squeezed its lower-income customers.Rentler noted Ross Stores would manage inventory and expenses "tightly" throughout the year. Shares of Ross Stores (ROST) surged over 8% in early trading Friday as the off-price apparel and home goods retailer posted better-than-anticipated results and rais ...

The shares of Ross Stores Inc (NASDAQ:ROST) are up 8.4% at $142.88 at last glance, after the retailer announced upbeat first-quarter results and raised its profit outlook. No fewer than nine analysts lifted their price targets after the event, with the highest from TD Cowen to $176 from $173. Today's surge has ROST breaking into positive territory for 2024, and on track for its largest single-day percentage gain since November 2022. The stock is also looking to close above its 80-day moving average for the ...

For the quarter ended April 2024, Ross Stores (ROST) reported revenue of $4.86 billion, up 8.1% over the same period last year. EPS came in at $1.46, compared to $1.09 in the year-ago quarter.The reported revenue represents a surprise of +0.64% over the Zacks Consensus Estimate of $4.83 billion. With the consensus EPS estimate being $1.34, the EPS surprise was +8.96%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...