Dernières nouvelles pour Ross Stores (NASDAQ:ROST) Stock

Ross Stores

Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are often filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates about 350 DD's Discounts chains targeting lower-income shoppers.

Ross Stores Inc

ROSS STORES ORD

ROSTELEKOM ADR

The off-price trend has taken the retail wholesale sector by storm in the current economic climate. Consumers are trying to stretch their dollars but don&#39;t want to sacrifice quality. This rules out low-quality and low-price outlets like Dollar Tree Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) or even Dollar General Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>), which sells its items for more than $1, &nbsp;where you get what you pay for in terms of cost and quality. It&#39;s the perfect storm environment for leading off-brand retailer The TJX Cos. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tjx#NYSE">TJX</a>), who operates popular off-price stores like TJ Maxx, HomeGoods, and Marshalls.
<h2>The Rise of Off-Price Retailers and Gamification of Treasure Hunting </h2>
Off-price retailers are stores that sell brand-name merchandise at deeply discounted prices, often between 20% to 60% off regular retail prices. Since they buy opportunistically in bulk, their inventory is always changing based on availability rather than seasonality. This creates a &lsquo;treasure hunting&#39; effect that gamifies shopping for bargain hunters, never knowing what great deals they may find on any given day. Off-price retailers fulfill the need to get the most bang for the buck without sacrificing quality.
Some of the most popular off-price retailers include Ross Stores Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>), Burlington Stores Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>), and Nordstrom Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jwn#NYSE">JWN</a>) Nordstrom Rack department stores, which now outnumber its full-price namesake locations.
<h2>TJX Companies Portfolio of Brands </h2>
TJX is the world&#39;s leading off-price apparel and home fashion retailer, with over 4,900 stores located throughout nine countries on three continents. While the most popular brands are TJ Maxx, Marshalls (Marmaxx), and HomeGoods in the United States, their other brands, Sierra, Winners, HomeSense, and TJ Maxx variations (TJX Canada and TJX International Europe and Australia), are popular in other countries. TJX is also investing $360 million for a 35% stake in Brands For Less, a major off-price retailer in Dubai, United Arab Emirates, and Saudi Arabia with over 100 stores.
Marmaxx, which combines TJ Max and Marshalls fashion apparel stores, saw 5% YoY comparable sales in the fiscal second quarter of 2025, on top of the 8% YoY comp sales from the year-ago period. HomeGoods comp sales rose 2% YoY on top of the 4% YoY comp sales last year. TJX Canada saw 2% YoY growth to $1.24 billion. TJX International, comprised of Australia and Europe, saw 4% YoY sales to $1.68 billion in the second quarter.
<h2>TJX Keeps the Momentum Flowing Into the Holiday Season</h2>
In its fiscal second-quarter 2025 earnings report, TJX beat consensus analyst estimates by 4 cents, reporting 92 cents. Revenues rose 5.6% YoY to $13.47 billion, beating $13.31 billion consensus estimates. Same-store sales (SSS) rose 4% YoY, nicely beating its guidance range of 2% to 3% YoY, completely driven by increased customer transactions. Pre-tax margin rose 50 bps to 10.9%, up from 10.4% last year. Total inventories were $6.5 billion, down from $6.4 billion in the year-ago period. TJX bought back $559 million in stock and ended the quarter with $5.3 billion in cash. The company opened its 5,000th store in the quarter.
<h2>TJX Issues Forecasts </h2>
For the third quarter of 2024, TJX sees EPS of $1.06 to $1.08, which is why of the $1.10 consensus estimates. Same-store comps are expected to be between 2% and 3%.
Full-year fiscal 2025 EPS is expected to be between $4.09 and $4.13 versus $4.03 and $4.13 consensus estimates. Full-year comps are expected to be 3% from 2% to 3%.
TJX CEO Ernie Herrman commented, &quot;The third quarter is off to a strong start, and we have numerous plans underway to drive traffic and sales. Availability of quality branded merchandise is excellent, and we are confident we will have an exciting assortment of fresh goods across all of our stores and online throughout the fall and holiday selling seasons.&quot;
<h2>TJX Stock Is in a Symmetrical Triangle Pattern</h2>
A symmetrical triangle pattern precedes a breakout or breakdown. It&#39;s comprised of a converging descending upper trendline and ascending lower trendline connected at the apex point. The breakout or breakdown occurs ahead of reaching the apex point.
<img alt="TJX stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240929173725_chartc-tjx.jpg" style="height:751px; width:915px" />
TJX gapped to $117.91 following its fiscal Q2 2025 earnings release. After peaking at $121.09, TJX formed a series of lower highs and higher lows, making up the two divergence trendlines meeting at the apex point near the upper gap-fill level of $117.91. The daily anchored VWAP is at $115.55. The daily relative strength index (RSI) has been trending lower to the 52-band. Fibonacci (Fib) pullback support levels are at $113.49, $110.62, $107.82, and $103.89.
TJX&#39;s average consensus price target is $126.76, and its highest analyst price target&nbsp;is&nbsp;$148. Analysts have given it 13 Buy ratings and 3 Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts to take advantage of the elevated premiums at the fib pullback support levels to buy the dip and write covered calls to execute a <a href="https://www.marketbeat.com/learn/options-how-to-execute-the-wheel-strategy-for-options-income/">wheel strategy</a> for income in addition to the 1.28% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/tjx-stock-a-buying-opportunity-before-the-holiday-rush/">TJX Stock: A Buying Opportunity Before the Holiday Rush</a>&quot; first appeared on MarketBeat.

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ROST

TJX Stock: A Buying Opportunity Before the Holiday Rush

The Nasdaq 100 closed lower by around 0.5% during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Alphabet</h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) CEO Sundar Pichai <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 22,500 shares</a> at an average price of $160.63. The insider received around $3.61 million from selling those shares.</li>
<li>What's Happening: Alphabet's Google won its appeal against the European Commission&#8217;s €1.49 billion ($1.66 billion) antitrust fine for anticompetitive practices involving its online search advertising business.</li>
<li>What Alphabet Does: Alphabet is a holding company that wholly owns internet giant Google.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"> latest GOOG new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044828/image-145.png" alt="" class="wp-image-555611" style="width:716px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044828/image-145.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044828/image-145-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044828/image-145-768x700.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Williams-Sonoma</h3>
<ul>
<li>The Trade: Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) President and CEO Laura Alber <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 40,000 shares</a> at an average price of $145.27. The insider received around $5.8 million from selling those shares.</li>
<li>What's Happening: On Sept. 16, TD Cowen analyst Max Rakhlenko maintained Williams-Sonoma with a Buy and raised the price target from $150 to $160.</li>
<li>What Williams-Sonoma Does: With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas. </li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"> trend in WSM stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="927" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044933/image-146.png" alt="" class="wp-image-555616" style="width:705px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044933/image-146.png 927w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044933/image-146-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19044933/image-146-768x693.png 768w" sizes="(max-width: 927px) 100vw, 927px" /></a></figure>
<h3 class="wp-block-heading">Ross Stores</h3>
<ul>
<li>The Trade: Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) Group President, COO Michael J. Hartshorn <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,366 shares</a> at an average price of $155.64. The insider received around $1.3 million from selling those shares.</li>
<li>What's Happening: On Aug. 22, Ross Stores reported better-than-expected second-quarter financial results and raised its FY24 EPS guidance with its midpoint above estimates.</li>
<li>What Ross Stores Does: Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">breakout in ROST</a> shares. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="875" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045018/image-147.png" alt="" class="wp-image-555619" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045018/image-147.png 875w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045018/image-147-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045018/image-147-768x738.png 768w" sizes="(max-width: 875px) 100vw, 875px" /></a></figure>
<h3 class="wp-block-heading">McDonald&#8217;s</h3>
<ul>
<li>The Trade: McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) Chairman and CEO Christopher J Kempczinski <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,934 shares</a> at an average price of $300.00. The insider received around $1.2 million from selling those shares.</li>
<li>What's Happening: On Sept. 16, JP Morgan analyst John Ivankoe maintained McDonald&#8217;s with an Overweight and raised the price target from $270 to $290.</li>
<li></li>
<li>What McDonald&#8217;s Does: McDonald&#8217;s is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 stores and 115 markets. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">MCD&#8217;s earnings repor</a>ts. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="860" height="813" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045124/image-148.png" alt="" class="wp-image-555620" style="width:601px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045124/image-148.png 860w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045124/image-148-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19045124/image-148-768x726.png 768w" sizes="(max-width: 860px) 100vw, 860px" /></a></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Short Ideas

Insider Trades

Pre-Market Outlook

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Alphabet, McDonald's And 2 Other Stocks Executives Are Selling

Ross Stores's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NYSE">ROST</a>) short percent of float has fallen 19.83% since its last report. The company recently reported that it has 3.05 million shares sold short, which is 0.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ross Stores Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725894014_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ross Stores has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Ross Stores's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ross Stores's peer group average for short interest as a percentage of float is 19.28%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Ross Stores?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$230.00</td>
<td>$32.4K</td>
<td>5.4K</td>
<td>25.1K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$140.00</td>
<td>$86.0K</td>
<td>6.9K</td>
<td>6.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$119.1K</td>
<td>12.7K</td>
<td>1.8K</td>
</tr>
<tr>
<td>ROST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$152.50</td>
<td>$38.2K</td>
<td>61</td>
<td>1.2K</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$367.50</td>
<td>$32.2K</td>
<td>43</td>
<td>154</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$100.00</td>
<td>$44.5K</td>
<td>16.6K</td>
<td>146</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$20.00</td>
<td>$69.2K</td>
<td>96</td>
<td>90</td>
</tr>
<tr>
<td>CPRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$27.50</td>
<td>$29.7K</td>
<td>88</td>
<td>30</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$34.1K</td>
<td>1.4K</td>
<td>27</td>
</tr>
<tr>
<td>ULTA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$535.00</td>
<td>$119.4K</td>
<td>83</td>
<td>7</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on September 13, 2024. Parties traded 51 contract(s) at a $230.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.4K, with a price of $635.0 per contract. There were 5457 open contracts at this strike prior to today, and today 25147 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on September 6, 2024. Parties traded 400 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $86.0K, with a price of $215.0 per contract. There were 6949 open contracts at this strike prior to today, and today 6318 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option sweep that happens to be bullish, expiring in 134 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $160.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $119.1K, with a price of $596.0 per contract. There were 12759 open contracts at this strike prior to today, and today 1888 contract(s) were bought and sold. 
• For ROST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on September 6, 2024. This event was a transfer of 403 contract(s) at a $152.50 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $95.0 per contract. There were 61 open contracts at this strike prior to today, and today 1244 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on September 13, 2024. This event was a transfer of 142 contract(s) at a $367.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $227.0 per contract. There were 43 open contracts at this strike prior to today, and today 154 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bearish, expiring in 15 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $890.0 per contract. There were 16657 open contracts at this strike prior to today, and today 146 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option trade that happens to be bearish, expiring in 197 day(s) on March 21, 2025. This event was a transfer of 90 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $69.2K, with a price of $769.0 per contract. There were 96 open contracts at this strike prior to today, and today 90 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a call option trade that happens to be bullish, expiring in 43 day(s) on October 18, 2024. This event was a transfer of 30 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $990.0 per contract. There were 88 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a call option sweep with bearish sentiment. It expires in 498 day(s) on January 16, 2026. Parties traded 27 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.1K, with a price of $1265.0 per contract. There were 1489 open contracts at this strike prior to today, and today 27 contract(s) were bought and sold. 
• For ULTA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), we notice a put option trade that happens to be bearish, expiring in 15 day(s) on September 20, 2024. This event was a transfer of 7 contract(s) at a $535.00 strike. The total cost received by the writing party (or parties) was $119.4K, with a price of $17070.0 per contract. There were 83 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CPRI

CVNA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

ULTA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) has outperformed the market over the past 15 years by 1.52% on an annualized basis producing an average annual return of 13.22%. Currently, Ross Stores has a market capitalization of $50.62 billion. 
Buying $100 In ROST: If an investor had bought $100 of ROST stock 15 years ago, it would be worth $638.85 today based on a price of $151.76 for ROST at the time of writing.
<h3>Ross Stores's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725485417_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Ross Stores 15 Years Ago Would Be Worth Today

Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) has outperformed the market over the past 20 years by 5.36% on an annualized basis producing an average annual return of 13.74%. Currently, Ross Stores has a market capitalization of $51.25 billion. 
Buying $1000 In ROST: If an investor had bought $1000 of ROST stock 20 years ago, it would be worth $13,075.22 today based on a price of $153.63 for ROST at the time of writing.
<h3>Ross Stores's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724769023_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Ross Stores Stock In The Last 20 Years

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled higher on Friday, following comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium.
Powell <a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40529209/jerome-powell-time-has-come-for-interest-rate-cuts-cooling-in-labor-market-unmistakable">signaled a forthcoming shift in interest rates</a>, stating, "The time has come for policy to adjust." His remarks suggest the Fed is on the cusp of easing interest rates, yet Powell emphasized the importance of data-driven decisions, carefully avoiding any commitment to specific timing or the magnitude of those cuts.
Tech stocks moved higher with investors expecting a lower interest-rate environment to benefit the group. Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) jumped over 4.5% each on Friday.
Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares jumped 12.5% on Friday as the company upbeat earnings for the second quarter. Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) posted stronger-than-expected earnings for its second quarter, after the closing bell on Thursday.
On the economic data front, the total number of active U.S. oil rigs came in unchanged at 483 rigs this week, Baker Hughes Inc. reported
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and real estate stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 462 points to 41,175.08 on Friday. The S&amp;P 500 rose 1.15% to 5,634.61, while the Nasdaq Composite climbed 1.47% to close at 17,877.79 during Friday's session.
Investors are awaiting earnings results from HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>), Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>), and Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.9, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 48.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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NVDA

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S&P 500, Dow Jump After Jerome Powell Signals Rate Cuts: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Neutral' Zone

Ross Stores, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>) reported strong results for the second quarter of 2024, with both its top and bottom lines showing year-over-year growth and surpassing the Zacks Consensus Estimate. The strong results can be attributed to its focus on offering stronger value propositions to customers. Despite better-than-expected results, Ross Stores has provided cautious guidance for the second half of 2024.
<div class="chart_embed">
<h3>Ross Stores, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Ross Stores, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d8/1724424804.png" style="height:265px; width:581px" title="" />
Ross Stores, Inc. price-consensus-eps-surprise-chart | Ross Stores, Inc. Quote
</div>
<h2>Let&#39;s Delve Deeper into ROST&#39;s Q2 Performance</h2>
Ross Stores, the leading off-price apparel retailer, delivered earnings of $1.59 per share, which significantly surpassed the Zacks Consensus Estimate of $1.49 per share. Additionally, the bottom line also improved by 20.5% from $1.32 per share reported in the second quarter of fiscal 2024.
Total sales of $5,287.5 million rose 7% year over year and surpassed the consensus estimate of $5,249 million. The sales improvement mainly stemmed from strong comparable store sales (comps) performance. Comps improved by 4%, mainly driven by a combination of higher customer traffic and increased basket size, indicating that more shoppers visited Ross Stores during the quarter and purchased more items per visit.&nbsp;
The cost of goods sold (COGS) was $3,791.9 million, which increased 6.2% year over year. As a percentage of sales, COGS was 71.7%, marking a year-over-year decrease of 60 basis points (bps). We had estimated a 50-bps decline in the COGS rate to 71.8%. The gross profit edged up 9.5% year over year to $1,495.6 million, whereas the gross margin expanded 60 bps to 28.3% from 27.7% in the year-ago quarter.
Selling, general and administrative (SG&amp;A) expenses of $836.4 million increased 3.5% year over year. SG&amp;A, as a percentage of sales, fell 60 bps year over year to 15.8%. We estimated the SG&amp;A rate to be 16.4%, which is indicated to be in line with the previous quarter. The decrease in the SG&amp;A rate was mainly because of lower incentive costs and higher sales. The operating margin of 12.5% grew 115 bps year over year. We had projected an operating margin expansion of 50 bps for the quarter.
<h2>A Sneak Peek Into ROST&#39;s Other Financials</h2>
Ross Stores ended second-quarter fiscal 2024 with cash and cash equivalents of $4.7 billion, long-term debt of $1.5 billion, and total shareholders&#39; equity of $5.1 billion.
During the second quarter, the company repurchased 1.8 million shares for $262 million under its two-year $2.1 billion authorization. The company is on track to buy back a total of $1.05 billion in fiscal 2024. As of Aug 3, Ross Stores operated a total of 2,148 stores.
<h2>What ROST Says About FY2024?</h2>
Management highlighted that the company&#39;s core customer base, which typically comprises low-to-moderate-income shoppers, continues to grapple with persistently high costs for necessities. This pressure limits their discretionary spending.
For both the third and fourth quarters of 2024, Ross Stores expects comparable sales growth between 2% and 3%, building on gains of 5% and 7% achieved in the respective periods of 2023. The company foresees third-quarter EPS to be between $1.35 and $1.41, up from $1.33 last year, and fourth-quarter EPS to range from $1.60 to $1.67 compared to $1.82 in 2023.
Based on Ross Stores&#39; performance in the first half of fiscal 2024 and its outlook for the second half, the company now anticipates EPS for the 52 weeks ending Feb 1, 2025, to range from $6.00 to $6.13, suggesting an increase from $5.56 last year.
Consequently, this Zacks Rank #3 (Hold) company&#39;s shares have risen 9.5% in the past year compared with the industry&#39;s 8.1% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c1/75259.jpg?v=850135315" />
Image Source: Zacks Investment Research
<h2>Key Picks</h2>
We have highlighted three other top-ranked stocks, namely, Sprouts Farmers (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Deckers Outdoor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>).
Sprouts Farmers, which is engaged in the retailing of fresh, natural and organic food products, currently sports a Zacks Rank #1 (Strong Buy). SFM has a trailing four-quarter earnings surprise of 12%, on average.
The Zacks Consensus Estimate for Sprouts Farmers&#39; current financial-year sales and earnings implies growth of around 9.6% and 18.7%, respectively, from the year-ago reported numbers.
Abercrombie &amp; Fitch, a specialty retailer of premium, high-quality casual apparel, currently sports a Zacks Rank #2 (Buy). ANF has a trailing four-quarter average earnings surprise of 210.3%.
The Zacks Consensus Estimate for Abercrombie &amp; Fitch&#39;s current fiscal-year sales and earnings indicates growth of 11.5% and 52.6%, respectively, from the year-ago figures.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Deckers&#39; current financial-year sales and earnings indicates growth of 11.5% and 8.3%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 47.2%, on average.
<a href="https://www.zacks.com/stock/news/2326573/ross-stores-rost-q2-earnings-beat-comparable-sales-rise-4?cid=CS-BENZ-FT-analyst_blog|earnings_article-2326573">To read this article on Zacks.com click here.</a>

Management

DECK

Ross Stores Q2 Earnings Beat, Comparable Sales Rise 4%

Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">shares&nbsp;are trading higher on Friday.</a>
Yesterday, the company reported better-than-expected<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40517892/ross-stores-reports-better-than-expected-q2-results-raises-guidance" rel="noreferrer noopener"> second-quarter financial results and raised its outlook.</a>
Ross Stores expects third-quarter earnings of between $1.35 and $1.41 per share, versus the $1.38 per share estimate, and earnings of between $1.60 and $1.67 per share for the fourth quarter.
Analysts covering the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ROST/analyst-ratings" rel="noreferrer noopener">retail behemoth provided their takes:</a>
<ul>
<li>JP Morgan analyst Matthew R. Boss reiterated the Overweight rating on the stock, raising the price forecast to $173 from $168.</li>
<li>Goldman Sachs analyst Brooke Roach reiterated the Buy rating on the stock, raising the price forecast to $185 from $167 prior.</li>
<li>BofA Securities analyst Lorraine Hutchinson maintained the Buy rating on the stock, increasing the price forecast to $180 from $170.</li>
<li>Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating, raising the price forecast to $175 from $160.</li>
</ul>
JP Morgan: According to Boss, the guidance accounts for reduced incentive compensation, freight, and distribution costs, but is impacted by a larger sequential headwind on merchandise margin compared to the 80 basis points headwind in the second quarter, as ROST shifts towards more sharply priced high-quality brands.
Ross Stores is well-positioned in the expanding off-price sector, benefiting from department store share losses and ongoing opportunities for unit growth, the analyst adds.
With a target of 2,500 stores, the company expects to achieve 5-6% annual growth in square footage for over a decade, adding around 90 stores each year with a payback period of less than two years.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/08/40532173/powell-removes-any-uncertainty-around-september-rate-cuts-in-jackson-hole-speech-economists" rel="noreferrer noopener">Powell Removes &#8216;Any Uncertainty&#8217; Around September Rate Cuts In Jackson Hole Speech: Economists</a>
Goldman Sachs: Roach writes that although merchandise margins contracted during the quarter, consistent with Ross Stores&#8217; strategy to elevate branded, value merchandise, improvements in supply chain efficiency and reduced incentive costs more than compensated for this, resulting in significant EBIT margin expansion.
Looking ahead, these incremental distribution and supply chain efficiencies will continue into the second half.
Ross Stores&#8217; increased emphasis on providing branded value merchandise at competitive prices has thrived despite a challenging consumer environment.
The analyst remains optimistic about the expected gains in distribution and supply chain efficiencies that will help mitigate these impacts.
BofA Securities: The analyst increased the EPS estimates for FY24 and FY25 by 3% and 1%, respectively, to $6.09 and $6.54, following the earnings beat and ongoing success with merchandising strategies.
The price target has been raised to $180, reflecting a 28x multiple on FY25 EPS, up from the previous target of $170 and a 26x multiple, due to stronger confidence in sales and profitability prospects, Hutchinson adds.
Telsey Advisory Group: Following a slowdown in the first quarter, comparable sales growth accelerated to 4% in the second quarter.
This rebound was fueled by increased customer traffic and larger basket sizes as shoppers continued to look for value in the current economic environment, the analyst writes.
However, the analyst continues to see uncertainty in the macro environment and remain cautious on the company&#8217;s lower income, more price-sensitive consumer.
Price Action: ROST shares are trading higher by 2.10% to $155.72 at last check Friday.
Photo via Shutterstock
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Reiteration

General

Ross Stores' Optimistic Outlook: Analysts Highlight Growth Potential and Strong Financial Performance

Federal Reserve Chairman Jerome Powell has dispelled any remaining uncertainty by signaling that the central bank is preparing to shift its monetary policy, effectively paving the way for <a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40529209/jerome-powell-time-has-come-for-interest-rate-cuts-cooling-in-labor-market-unmistakable">imminent interest rate cuts. </a>
His remarks triggered a rally in rate-sensitive assets and pushed the dollar towards the lowest close since July 2023.
&#8220;The time has come for policy to adjust. The direction of travel is clear,&#8221; Powell announced at the<a href="https://www.benzinga.com/topic/jackson-hole"> Jackson Hole Symposium </a>on Friday in Wyoming.
Powell expressed increased confidence in inflation returning to the 2% target and highlighted a heightened focus on the labor market, noting that conditions are cooling.
The market found significant support in Powell&#8217;s indication the Federal Reserve has &#8220;ample room&#8221; to respond to any emerging risks.
Small-cap stocks <a href="https://www.benzinga.com/markets/equities/24/08/40530908/powells-rate-cut-signal-triggers-small-cap-rally-gold-makes-record-highs-dollar-tumbles-7-etfs-o">emerged as clear winners</a> following Powell&#8217;s speech on Friday, with the Russell 2000 index surging by 3% by midday trading in New York. Traders flocked to these companies, anticipating significant relief from the prospect of lower borrowing costs.
Regional banks, as tracked by the SPDR S&amp;P Regional Banking (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), were the brightest market spot, with the industry gauge rallying over 4.5%. All of its 141 constituents showed a positive performance. 
In contrast, large-cap indices maintained their gains from the market open, showing only little reaction to Powell&#8217;s remarks.
In the forex market, the dollar extended its decline, falling by 0.7% and heading toward its fifth negative weekly close with the sharpest decline since mid-November 2023. The decline in Treasury yields weighed on the greenback.
Commodities rallied, with gold up over 1.1% setting fresh all-time highs, and silver soaring 2.5%. Crude oil also surged, up 2.4%, while copper gained 1.7%. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2.25% to $61,863.
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,214.91</td>
<td>3.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,605.24</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,948.96</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,602.01</td>
<td>0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.5% higher to $559.11.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.6% to $409.93.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.5% to $477.32.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 3% to $220.06.</li>
<li>The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, by 1.6%. The Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down by 0.2%.</li>
</ul>
<h1 class="wp-block-heading">Friday&#8217;s Stock Movers</h1>
<ul>
<li>Restaurant chain Cava Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) rallied 23%, after upbeat financial results last quarter.</li>
<li>Other stocks reacting to earnings were BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) down over 5%; Buckle, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) up 6.9%; Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) up 1.3%; Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>) up 5.9 and Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), up over 11%.</li>
<li>Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) rallied over 12% after Guggenheim upgraded the stock from Neutral to Buy. </li>
<li>Mortgage-sensitive Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) rallied over 20%. </li>
<li>Within regional banks, Eagle Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NYSE">EGBN</a>), United Community Banks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCB#NYSE">UCB</a>) and Valley National Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NYSE">VLY</a>) were the strongest performers, up 10.5%, 9.6% and 8.5%, respectively. </li>
</ul>
Read More: • <a href="https://www.benzinga.com/government/24/08/40532173/powell-removes-any-uncertainty-around-september-rate-cuts-in-jackson-hole-speech-economists">Powell Removes &#8216;Any Uncertainty&#8217; Around September Rate Cuts In Jackson Hole Speech: Economists</a> 
Don&#8217;t miss the opportunity to dominate in a volatile market at the&nbsp;<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a>&nbsp;on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!
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XLRE

Russell 2000 Outshines S&P 500, Nasdaq 100 As Powell Eyes Rate Cuts; Dollar Sinks, Regional Banks Rocket: What's Driving Markets Friday?

Telsey Advisory Group analyst Dana Telsey maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Market Perform and raises the price target from $160 to $175.

Telsey Advisory Group Maintains Market Perform on Ross Stores, Raises Price Target to $175

Morgan Stanley analyst Alex Straton maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Overweight and raises the price target from $163 to $178.

Morgan Stanley Maintains Overweight on Ross Stores, Raises Price Target to $178

Wells Fargo analyst Ike Boruchow maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Overweight and raises the price target from $160 to $175.

Wells Fargo Maintains Overweight on Ross Stores, Raises Price Target to $175

UBS analyst Jay Sole maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Neutral and raises the price target from $147 to $167.

UBS Maintains Neutral on Ross Stores, Raises Price Target to $167

U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Friday.
The Dow traded up 0.50% to 40,916.65 while the NASDAQ rose 0.92% to 17,780.96. The S&amp;P 500 also rose, gaining, 0.66% to 5,607.44.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a> 
Leading and Lagging Sectors Information technology shares climbed by 1.1% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) posted stronger-than-expected earnings for its second quarter, after the closing bell on Thursday.
The company said it sees third-quarter earnings of between $1.35 and $1.41 per share, versus the $1.38 per share estimate, and earnings of between $1.60 and $1.67 per share for the fourth quarter.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 155% to $1.3899 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) got a boost, surging 154% to $6.87.</li>
<li>Momentus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares were also up, gaining 63% to $0.9280.</li>
</ul>
Equities Trading DOWN
<ul>
<li>U-BX Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) shares dropped 78% to $6.87. Traders may be responding to unconfirmed comments on social media apps amid ongoing heavy option activity.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 64% to $0.2098 after the company announced the pricing of $1 million registered direct offering.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) was down, falling 25% to $0.1180. SRIVARU recently announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India.</li>
</ul>
Commodities In commodity news, oil traded up 1.8% to $74.30 while gold traded up 0.7% at $2,535.20.
Silver traded up 0.8% to $29.275 on Friday, while copper rose 0.4% to $4.1635.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.2%, Germany's DAX rose 0.5% and France's CAC 40 gained 0.4%. Spain's IBEX 35 Index rose 0.5%, while London's FTSE 100 rose 0.3%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.
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Intraday Update

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Dow Jumps 200 Points; Ross Stores Posts Upbeat Earnings

Barclays analyst Adrienne Yih maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Overweight and raises the price target from $165 to $175.

Barclays Maintains Overweight on Ross Stores, Raises Price Target to $175

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Loop Capital raised the price target for Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) from $170 to $190. Loop Capital analyst Laura Champine maintained a Buy rating. Ross Stores shares fell 0.9% to close at $152.52 on Thursday. <a href="https://www.benzinga.com/quote/ROST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo raised the price target for BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) from $75 to $92. Wells Fargo analyst Edward Kelly upgraded the stock from Equal-Weight to Overweight. BJ&#8217;s Wholesale shares fell 6.8% to close at $81.66 on Thursday.<a href="https://www.benzinga.com/quote/BJ/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Baird raised Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) price target from $272 to $287. Baird analyst Michael Halloran maintained an Outperform rating. Nordson shares gained 3.3% to close at $256.03 on Thursday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS cut the price target for Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) from $70 to $49. UBS analyst Robin Farley downgraded the stock from Buy to Neutral. Las Vegas Sands shares fell 0.5% to close at $41.07 on Thursday.<a href="https://www.benzinga.com/quote/LVS/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Barclays raised Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) price target from $14 to $19. Barclays analyst Jiong Shao upgraded the stock from Equal-Weight to Overweight. Bilibili shares fell 7.6% to close at $12.96 on Thursday. S<a href="https://www.benzinga.com/quote/BILI/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>JP Morgan cut Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) price target from $7 to $5. JP Morgan analyst Doug Anmuth downgraded the stock from Overweight to Neutral. Peloton Interactive shares gained 35.4% to close at $4.55 on Thursday. <a href="https://www.benzinga.com/quote/PTON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel increased the price target for Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) from $250 to $270. Stifel analyst Brad Reback maintained a Hold rating. Workday shares fell 1% to close at $231.08 on Thursday. S<a href="https://www.benzinga.com/quote/WDAY/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Baird boosted CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) price target from $105 to $125.. Baird analyst David Tarantino maintained an Outperform rating. CAVA Group shares fell 0.9% to close at $101.98 on Thursday. <a href="https://www.benzinga.com/quote/CAVA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) price target from $760 to $768. Piper Sandler analyst Arvind Ramnani reiterated an Overweight rating. Intuit shares fell 0.8% to close at $665.29 on Thursday. <a href="https://www.benzinga.com/quote/INTU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) price target from $157 to $174. RBC Capital analyst Arun Viswanathan upgraded the stock from Sector Perform to Outperform. Westlake shares fell 0.7% to close at $144.58 on Thursday. <a href="https://www.benzinga.com/quote/WLK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ROST stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-1024x507.png" alt="" class="wp-image-510775" style="width:568px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-1024x507.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-768x381.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223.png 1348w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

BILI

INTU

NDSN

PTON

Ross Stores To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday

TD Cowen analyst John Kernan maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Buy and raises the price target from $173 to $185.

TD Cowen Maintains Buy on Ross Stores, Raises Price Target to $185

Loop Capital analyst Laura Champine maintains Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) with a Buy and raises the price target from $170 to $190.

Loop Capital Maintains Buy on Ross Stores, Raises Price Target to $190

WIIM

Ross Stores shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 EPS guidance with its midpoint above estimates. Also, B of A Securities and Baird raised their respective price targets on the stock.

Wells Fargo analyst Ike Boruchow maintained a Buy rating on Ross Stores (ROST – Research Report) today and set a price target of $175.00. Ike Boruc...

Buy Rating Affirmed for Ross Stores Amid Strategic Initiatives and Prospects for Improved Financial Performance

4 Bullish stocks and 2 Bearish stocks to watch out for – BofA

The consumer discretionary industry is expected to be spurred by economic growth, growing spending, and rapid digital influence this holiday season. Thus, it could be ideal to buy fundamentally solid consumer discretionary stocks Amazon.com (AMZN), Ross Stores (ROST), and Crocs (CROX) before the holiday season. Keep reading... With evolving customer demands, rising personal expenditure, and a preference for luxury fashion and goods, the consumer discretionary industry is experiencing robust growth and is diversifying its operations.
Amid this backdrop, investors could consider investing in sound consumer discretionary stocks Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), Ross Stores, Inc. (<a href="https://stocknews.com/stock/ROST/">ROST</a>), and Crocs, Inc. (<a href="https://stocknews.com/stock/CROX/">CROX</a>) before the holiday season.
The consumer discretionary market, which encompasses non-essential but desirable products like luxury fashion, goods, and household products, primarily benefits from economic recovery and rising disposable incomes. <a href="https://www.usbank.com/investing/financial-perspectives/market-news/consumer-spending.html#:~:text=In%202024%2C%20personal%20consumption%20expenditures,%241%20trillion%2C%20a%20record%20threshold.">Personal consumption expenditures constitute about 68%</a> of the nation's GDP in 2024, boosted by a solid job market, low unemployment, and wage increases.
Further, the growing internet penetration has resulted in a rapid increase in the online shopping and e-commerce market in the U.S. With over 33% of the world's population online, e-commerce has become a $6 trillion industry and will likely hit $8 trillion by 2027. In global comparison, the US retail e-commerce sales accounted for $579.45 billion in the first half of 2024.
The <a href="https://www.sellerscommerce.com/blog/ecommerce-statistics/#:~:text=The%20United%20States%20retail%20eCommerce,the%20same%20quarter%20last%20year.">US e-commerce sales were $291.60 billion in the second quarter</a>, representing a 0.82% increase from the prior quarter and a 6.8% increase from the last year.
Besides, with growing disposable income and changing consumer preferences, the luxury fashion market is poised to grow. According to IMARC Group, the market is anticipated to <a href="https://www.imarcgroup.com/luxury-fashion-market">grow to $327.10 billion by 2032</a> at a CAGR of 3.1%. The market growth can be attributed to rising affluent consumers, growing exclusivity aspiration, and increasing influence of social media and digital platforms.
Given these favorable market trends, let's look at the fundamentals of the top consumer discretionary stocks such as AMZN, ROST, and CROX.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN is engaged in retail, selling consumer products, advertising, and subscription services through online and physical stores internationally. The company operates in three segments: North America; International; and Amazon Web Services (AWS).
On September 5, AMZN's Amazon Web Services, Inc. (AWS) announced that the Central Japan Railway Company (JR Central), which provides high-speed railway services, has selected AWS technologies to enhance operations for its Yamanashi Maglev Line.
JR Central will advance its data-driven operations, drive operational efficiencies, and reduce maintenance costs with the help of AWS' technological capabilities.
On August 22, AWS launched the AWS Asia Pacific (Malaysia) Region. With the launch, developers, startups, entrepreneurs, enterprises, government, education, and NPOs can leverage AWS data centers to run their applications and serve end users.
For the second quarter that ended June 30, 2024, AMZN's total net sales increased 10.1% year-over-year to $147.98 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 91% from the year-ago value to $ 14.67 billion. The company's net income and EPS came in at $13.48 billion and $1.26, up 99.8% and 93.8% from the prior year's quarter, respectively.
Street expects AMZN's revenue and EPS for the third quarter (ending September 2024) to increase 9.9% and 20.6% year-over-year to $157.18 billion and $1.13, respectively. Further, the company surpassed the consensus EPS estimates in all four trailing quarters, which is impressive.
AMZN's stock has increased 12.3% over the past month and 32.4% over the past year to close the last trading session at $187.
AMZN's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Sentiment. It also has a B grade for Momentum and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, AMZN is ranked #14 among the 53 stocks.
<a href="https://stocknews.com/stock/AMZN/">Click here</a> to access additional ratings of AMZN for Value, Growth, and Stability.
Ross Stores, Inc. (<a href="https://stocknews.com/stock/ROST/">ROST</a>)
ROST operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. The company's stores primarily offer apparel, accessories, footwear, and home fashions.
On August 21, ROST's Board of Directors declared a quarterly cash dividend of $0.37 per common share, payable on September 30, 2024, to stockholders of record as of September 10, 2024.
ROST pays an annual dividend of $1.47, which translates to a yield of 0.96% at the current share price. Its four-year average dividend yield is 0.94%. Moreover, the company's dividend payouts have increased at a CAGR of 18.9% over the past three years.
On July 22, ROST announced that the company opened 21 Ross Dress for Less&#xAE; and 3 dd's DISCOUNTS&#xAE; stores across 17 different states in June and July. The new locations are part of its plan to add 90 new stores during fiscal 2024.
During the second quarter that ended August 3, 2024, ROST's sales increased 7.1% year-over-year to $5.29 billion. The company's net earnings and EPS amounted to $527.15 million and $1.59, indicating increases of 18.1% and 20.5% from the prior year's quarter, respectively.
Furthermore, the company's total assets stood at $14.68 billion as of August 3, 2024, compared to $13.99 billion as of July 29, 2023.
Street expects ROST's EPS for the third quarter (ending October 2024) to increase 6.6% year-over-year to $1.42. For the same quarter, the company's revenue is expected to grow 5.2% year-over-year to $5.18 billion. Moreover, it has surpassed the consensus revenue and EPS estimates in all four trailing quarters.
ROST's shares have gained 7.5% over the past month and 28.9% over the past year to close the last trading session at $152.68.
ROST's POWR Ratings reflect its sound prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
ROST has a B grade for Sentiment, Momentum, and Quality. It is ranked #18 out of 58 stocks in the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of ROST for Growth, Stability, and Value. Get all ROST ratings <a href="https://stocknews.com/stock/ROST/">here</a>.
Crocs, Inc. (<a href="https://stocknews.com/stock/CROX/">CROX</a>)
CROX designs, develops, manufactures, markets, distributes, and sells footwear and accessories for men, women, and children under the Crocs and HEYDUDE brands internationally. It offers wide footwear products, like clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip-flops, sneakers, and slippers.
CROX's trailing-12-month EBIT margin and net income margin of 26.36% and 20.02% are 234.6% and 342.7% higher than the industry averages of 7.88% and 4.52%, respectively. Also, the stock's trailing-12-month gross profit margin of 57.11% is higher than the 37.16% industry average.
For the second quarter that ended on June 30, 2024, CROX's revenues rose 3.6% year-over-year to $1.11 billion, and its non-GAAP gross profit grew 9.5% year-over-year to $681.92 million. The company's income from operations of $325.74 million reflects 2.3% growth from the prior-year quarter.
In addition, the company's non-GAAP net income came in at $243.64 million and $4.01 per common share, up 8.4% and 11.7% year-over-year, respectively.
According to the financial outlook for the third quarter, CROX expects Crocs Brand to grow 3% to 5% year-over-year. And its adjusted earnings per share is expected to range from $2.95 to $3.10.
Also, for the full year 2024, revenue growth is 3% to 5% compared to 2023, where revenues from the Crocs Brand are projected to grow 7% to 9%. The company has updated its adjusted EPS to $12.45 - $12.90 compared to the prior guidance of $12.25 - $12.73.
Street expects CROX's revenue and EPS for the fourth quarter (ending December 2024) to increase 6.9% and 5.1% year-over-year to $1.03 billion and $2.71, respectively. Also, the company has topped the consensus EPS and revenue estimate in all of the trailing quarters, which is impressive.
Shares of CROX have surged 1.7% over the past six months and 39.1% over the past year to close the last trading session at $127.73.
CROX's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
CROX has a B grade for Quality and Sentiment. It is ranked #11 out of 58 stocks in the B-rated Fashion &amp; Luxury industry.
In addition to the POWR Ratings we've stated above, we also have CROX ratings for Momentum, Value, Growth, and Stability. Get all CROX ratings <a href="https://stocknews.com/stock/CROX/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
AMZN shares were trading at $186.69 per share on Friday afternoon, down $0.31 (-0.17%). Year-to-date, AMZN has gained 22.87%, versus a 19.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/amzn-rost-crox-3-top-consumer-discretionary-stocks-to-buy-before-the-holiday/>3 Top Consumer Discretionary Stocks to Buy Before the Holiday Season</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top Consumer Discretionary Stocks to Buy Before the Holiday Season

High Quality Dividend Stock Universe: Ross Stores, Inc. Growing But Expensive

High Quality Dividend Stock Universe: Ross Stores Growing But Expensive

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Press Releases

Ross Stores Reports Results for Fourth Quarter and Fiscal 2023

ROSS STORES OPENS 18 NEW LOCATIONS

Ross Stores, Inc. Announces First Quarter 2024 Earnings Release and Conference Call

Ross Stores Announces Quarterly Dividend

Ross Stores Reports First Quarter Earnings

ROSS STORES OPENS 24 NEW LOCATIONS

Ross Stores, Inc. Announces Second Quarter 2024 Earnings Release and Conference Call

Ross Stores Reports Second Quarter Earnings

Ross Stores Announces Merchandising Leadership Changes

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