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ROST

LULU: Luxury Powerhouse & Multi-Decade TrendsetterKey Rationale: Fundamentals remain intact making this a very attractive time to be contrarian, ignore the pessimism and buy the dip. Always nice to buy what you know and can see around you. Comments: Credited with the development of athleisure. Hasn't yet seized Pickleball market opportunity. Incessant selling due is unwarranted with one executive departing. One of the best available Ex-U.S. stocks. Potential tailwind off the back of Ozempic & GLP-1 craze. Still a profitability powerhouse with pricing power because of its iconic brand. Same-store sales are growing exponentially, and an expansionary opportunity abroad. Narrow Moat, Exemplary Capital Allocation. Luxury market is different from discount competitors, and luxury brands are seldom cheap. 3-Star Valuation on Morningstar, hasn't been this cheap since 2017. Stellar Profitability, Growth, and Quality scores in GreenBlue (4, 29, and 125 out of 2982) Proprietary Scores: GreenBlue Cumulative Rank: 128/2982 (Lower = Better) GreenBlue Current Rank: 407/2982 (Lower = Better) GreenRed Rank: 225/499 (Lower = Better) Gurufocus Score: 97/100 (Higher = Better) Company Profile: Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada. Competitors: ROST, TJX, BURL, GPS, URBN Risks: This goes the path of Nike and is dead money for the near future.
NASDAQ:LULULong
by RHTrading
Ross Stores Stock Jumps 8.34% on Earnings BeatRoss Stores ( NASDAQ:ROST ) has reported better-than-anticipated results and raised its guidance as it reduced costs. The off-price apparel and home goods retailer beat profit and sales forecasts, despite facing macroeconomic headwinds that squeezed its lower-income customers. CEO Barbara Rentler said the results came even as the company faced macroeconomic headwinds that squeezed their discretionary spending. Ross Stores( NASDAQ:ROST ) reported first-quarter earnings per share (EPS) of $1.46, up from $1.09 a year ago, and revenue gained 8% from the year-ago quarter to $4.86 billion. Both exceeded forecasts. Same-store sales rose 3%. The improvement in profit stemmed primarily from reduced costs, as the company slashed expenses by $1 billion from the fourth quarter. Operating margin jumped 205 basis points to 12.2%, attributed mainly to lower distribution, incentive, and freight costs that were partially offset by the planned decline in merchandise margin. Ross Stores ( NASDAQ:ROST ) CEO Barbara Rentler said that continued uncertainty in the macroeconomic and geopolitical environments, including inflationary pressures, "continue to squeeze our low-to-moderate income customers' purchasing power." She said the company would keep managing inventory and expenses "tightly" to maximize sales and earnings growth the rest of the year. Based on first-quarter results and forward guidance, Ross Stores boosted its full-year EPS outlook to a range of $5.79 to $5.98, up from the previous estimate of $5.64 to $5.89. Ross Stores shares ( NASDAQ:ROST ) is up 8.3% at $142.72 as of the time of writing on Friday and have gained about 3% since the start of the year. The company's results echo that of its off-price peer TJX Cos, which posted better-than-expected first-quarter results and raised its annual profit forecast helped by easing costs and strong demand. With a Relative Strength Index (RSI) of 68.19, the stock is poised for further gains.
NASDAQ:ROSTLong
by DEXWireNews
Ross Stores (ROST) Expands Its Reach With 51 New LocationsRoss Stores, Inc. ROST has expanded its store base with the opening of 43 Ross Dress for Less stores and eight dd's DISCOUNTS stores across 22 different states in September and October. This marked the successful realization of the company's store growth plans for fiscal 2023. The store expansion was not confined to existing markets. Ross Dress for Less made its debut in New York and Minnesota, signifying the company's intention to reach new customer bases. Then again, dd's DISCOUNTS expanded its presence in California, Maryland, Tennessee and Texas, further solidifying its footprint in these areas. Looking ahead, Ross Stores holds an optimistic long-term view for expansion, aspiring to eventually operate at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations. This forward-thinking approach reflects the company's confidence in the sustained demand for its products. Per the latest update, the company operates 2,112 locations, including Ross Dress for Less and dd's DISCOUNTS, across 43 states, the District of Columbia and Guam. This extensive network of stores serves a diverse range of customers, offering affordable fashion and home products. What’s More? The company's flagship brand, Ross Dress for Less, operates 1,765 stores across 43 states, the District of Columbia and Guam. It is renowned for providing high-quality, in-season, name-brand, and designer apparel, accessories, footwear and home fashions at substantial discounts. Shoppers can regularly find products priced 20-60% lower than those in department and specialty stores, making Ross Dress for Less a preferred choice for budget-conscious fashion enthusiasts. Additionally, Ross Stores operates dd's DISCOUNTS, with 347 locations in 22 states. This brand offers a more budget-friendly assortment of first-quality, in-season, name-brand apparel, accessories, footwear and home fashions for the entire family. Shoppers can enjoy savings of 20-70% off moderate department and discount store regular prices every day, making it a suitable choice for those seeking affordability and quality. Wrapping Up Headquartered in Dublin, CA, Ross Stores holds a prominent place in the retail industry. Notably, the company reported revenues of $18.7 billion for fiscal 2022, underlining its financial strength and market presence. Sales for the second quarter of fiscal 2023 were $4.9 billion, up 7.7% year over year. Comparable store sales rose 5% in second-quarter fiscal 2023 against the 7% decline reported in the second quarter of 2022. The company’s positive business momentum has been well-reflected in its share price, with the stock outperforming the industry. Shares of this company have rallied 33% in the past year compared with the industry’s growth of 5.1%.
RLong
by DEXWireNews
Ross Stores to see a temporary move higher?Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 98.51 and 96.51 Resistance: 105.50 / 107.50 / 110.15 Support: 101.00 / 99.00 / 94.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:ROSTShort
by VantageMarkets
Ross Stores to find resistance at previous support<Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and 96.51 Resistance: 107.50 / 110.15 / 113.00 Support: 105.10 / 98.50 / 94.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:ROSTShort
by VantageMarkets
Ross Stores to close it's gap?Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. 50 1 day EMA is at 112.96. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and 96.51 Resistance: 109.00 / 113.00 / 117.50 Support: 105.10 / 98.50 / 94.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:ROSTShort
by VantageMarkets
ROST:Hope despite earnings miss!Ross Stores Short Term - We look to Buy at 62.32 (stop at 53.59) This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher correction is expected. Our profit targets will be 89.47 and 100.00 Resistance: 70.00 / 80.00 / 90.00 Support: 60.00 / 50.00 / 40.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:ROSTLong
by VantageMarkets
$ROST can continue to be falling todayCorrelation trading strategy idea analysis. 2 days ago I showed you the possibility to make a long trade of Ross Stores after publishing the earnings report. But the earnings report was worse than I expected. Yesterday $ROST fell lover. Also, there was a good correlation between this stock and $SPY. In my previous ideas, I showed my vision of correlating moves. There are a lot of companies, which reflects the overall market condition and are good for correlation intraday trading. But after the good news, some companies more tend to go up with the market than do down. After the bad news, like in the case with $ROST, companies tend to go down with the market than go up. Today I want to show you the possibility to make one of more intraday correlation shorts of this stock. Look on the $SPY and $ROST charts. The last two days downside $ROST moves were stronger than upside moves. Following the correlation trading strategy, it is reasonable to wait for correlated support level breaking. When $SPY and $ROST simultaneously break their support levels, It will be possible to short $ROST. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:ROSTShort
by KozakHlib
$ROST can gap up todayEarnings trading strategy signal. The US off-price retail apparel and home fashion stores operator Ross Stores has been increasing sales (from $11.04 bln in 2015 to $14.98 in 2019) and EPS (earnings per share: from 2.24 to 4.3) for 4 years straight. The last two of four published $ROST ratings from analyst companies were good, one was neutral. So the price is more predetermined to rise than fall. The Zacks Consensus Estimate for EPS is $1.26, (+5% year-over-year change), for revenue — $4.37 billion (+6.4% from the year-ago quarter) — finance.yahoo.com Previous earnings report beats EPS and revenue estimates. I suppose this earnings report will also be with such a pleasant surprise. Also, confident EPS and sales growth are positive factors, which can cause today`s gap up. So we hypothesize that $ROST is ready for the next gap up after publishing earnings report today after market close. The last three days show the bearish market probably ends. So we can long stocks before earnings again. Due to strategy, the buy long can be from the price 10 minutes before market close. It is too risky to buy now due to huge ATR. target profit — +$5 per share; stop-loss — -$5 per share. Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:ROSTLong
by KozakHlib
Ross Stores valued fair to rich$ROST shows a tremendously steady upward trend over the last 6 years. Currently trading more to the upper end of the trend channel. Also my dividend-radar shows that there is no "value" to be had here. Currently for me only a hold and if it moves to the 120-126 area within the next 3 months I will shed some of my position. In the opposite direction it will be more interesting to accumulate if the price range between $90 to $80 is hit. This would imply a drop of roughly 30%
NASDAQ:ROST
by cmpndng
ROST - Short from $64/$62 to $56ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $62 or Pullback to $64 Exit Target Criteria- $56 Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:ROSTShort
by AcornWealthCorp