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The latest trading day saw Ross Stores (ROST) settling at $151.74, representing a -1.87% change from its previous close.
ROST's strategic efforts, including store expansion plans and business model, appear encouraging.
ROST continues to thrive with its value-driven off-price retail model, driving solid growth in sales and customer traffic.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Ross Stores' 3Q24 earnings showed modest net sales growth and a gross margin expansion, but same-store sales growth decelerated significantly due to weather impacts. Management's FY24 EPS guidance was raised, and SSS growth is expected to accelerate in 4Q24. Despite a positive outlook and a new CEO with strong retail experience, the current valuation does not justify a higher rating. I maintain a hold rating on ROST.
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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.
Several analysts expressed views on Ross Stores, Inc. ROST third-quarter results reported on Thursday.
Ross Stores ROST reported better-than-expected third-quarter EPS results on Thursday.
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining by more than 250 points on Friday.
ROST's Q3 results reflect y/y earnings growth, though comparable sales decline 1% due to challenges from weather disruptions and constrained consumer spending.