|Bid||97.67 x 800|
|Ask||97.70 x 800|
|Day's Range||95.31 - 97.71|
|52 Week Range||75.91 - 104.35|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||22.89|
|Earnings Date||May 23, 2019|
|Forward Dividend & Yield||1.02 (1.04%)|
|1y Target Est||101.00|
TJX beat earnings views and raised its outlook as Ross Stores earnings await. TJX stock wobbled but rose closer to a buy point.
Let's see what to expect from Lowe's (LOW), Best Buy (BBY) & Ross Stores' (ROST) quarterly earnings results amid an extremely busy week for the retail industry.
It’s a retail-heavy earnings week, starting with Home Depot, TJX, and Nordstrom. Investors will also see the Fed report on its last meeting and data on home sales.
The top two off-price retailers have a unique ability to shrug off the headwinds that often undermine their rivals' results.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The earnings calendar shifts to retail next week at a very interesting time. With trade tensions rising, earnings reports in the sector need to be watched closely.Industry leader Walmart (NYSE:WMT) reported this week, posting strong results in its fiscal first quarter. But in the wake of potential 25% tariffs on Chinese goods, the retail giant announced it would raise prices. That commentary appears to have dampened a rally in WMT stock, which gained just 1.4% despite handily beating earnings estimates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe response to Walmart earnings sets up several interesting earnings reports last week as other retail leaders disclose their own fiscal Q1 numbers. Given a strong economy and high consumer confidence, more earnings beats seem likely. But with the trade war an obvious near-term concern, it may be that next week, too, it's forward-looking commentary, rather than backward-looking numbers, that capture investor attention.And given the companies reporting next week, that could drive trading as earnings season winds down. Key auto parts retailers Advance Auto Parts (NYSE:AAP) and AutoZone (NYSE:AZO) will try and reverse recent declines while facing significant potential tariff exposure. Walmart's key brick-and-mortar retailer may detail its own challenges and its plan to respond. The two housing leaders report. And the off-price channel sees a pair of key earnings reports. * 10 Baby Boomer Stocks to Buy Next week would have been big for the retail sector regardless. With recent developments, it might be huge for the entire market. Home Depot (HD)Source: Shutterstock Earnings Report Date: Tuesday, May 21, before market openThere might not be a better stock than Home Depot (NYSE:HD) to give a read on the current market. Home Depot's exposure to housing has been a drag on the stock of late: HD stock actually has been flat since the beginning of last year. Even with housing stocks recovering nicely this year, HD has weakened in recent weeks. Earnings from Home Depot should give a read on how the market is performing … and also reflect consumer sentiment in the key repair and remodel category.Home Depot also has direct exposure to the new tariffs and indirect exposure to the potential economic harm they could cause. And so the commentary from Home Depot management and the reaction in HD stock on Tuesday both should be watched closely. Do Home Depot executives believe the economy is strong enough to withstand more tariffs? And will investors believe them?Home Depot also has the nagging problem of a potential revival at competitor Lowe's Companies (NYSE:LOW). Lowe's reports on Wednesday morning, adding another data point regarding strength in the sector … and another potential mover for HD stock. TJX Companies (TJX)Source: Mike Mozart via FlickrEarnings Report Date: Tuesday, May 21, before market openOff-price retailers, including industry leader TJX Companies (NYSE:TJX), have largely escaped the worries about competition from Amazon (NASDAQ:AMZN) and other retailers. TJX stock took a hit in the Q4 market selloff, but recently challenged 2018 highs before pulling back of late.Here, too, tariffs likely will be a key part of the post-earnings discussion. Like Home Depot, TJX sees a rival report next week: Ross Stores (NASDAQ:ROST) is scheduled to release Q1 earnings after the close on Thursday. * Top 7 Dow Jones Stocks of 2019 -- So Far These two earnings reports likely won't have the same potentially market-moving impact as those from Home Depot and Lowe's. But for a sector whose valuations have returned to the past level, and which remains surprisingly immune to e-commerce, the key will be stability. TJX needs to show that growth is continuing … and that its moat remains intact. With so many uncertainties already in this market, investors don't want to deal with anymore. Target (TGT)Source: Mike Mozart via Flickr (Modified)Earnings Report Date: Wednesday, May 22, before market openTarget Corporation (NYSE:TGT) heads into its Q1 earnings report in need of good news. The rollout of one-day shipping from Amazon in late April sent TGT shares tumbling, and they haven't recovered yet. Tariff concerns likely are weighing on TGT stock as well, given the company doesn't have quite the same scale as WMT and that Target already is spending heavily on its omnichannel initiatives.That spend is a key reason why I've remained skeptical toward TGT stock … and it leaves the company with little room for error on Wednesday morning. If Walmart, which is relentless in its focus, is raising prices, Target may have to do the same.But those higher prices may push consumers away, hitting the traffic growth the company needs to leverage its rising operating expenses. It makes Target somewhat of a microcosm for the fears about tariff impacts more generally. And it makes the reaction to Target earnings a potential sign of what might be to come for U.S. stocks.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
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Ross Stores (ROST) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ross Stores' (ROST) store-expansion efforts are likely to drive its top line in first-quarter fiscal 2019. However, higher freight costs remain a persistent concern.
Analyst Mark Altschwager initiated coverage on Burlington Stores Inc., Ross Stores Inc. and TJX Cos. with buy-equivalent ratings, citing their potential to gain market share as customers prioritize value.
Nordstrom (JWN) witnesses soft gross margins due to higher expenses and lower sales. However, its store-growth strategy is likely to aid revenues in first-quarter fiscal 2019.
Morgan Stanley upgraded Coca-Cola to overweight from equal-weight Baird initiated TJX Companies as outperform Baird initiated Ross Stores as outperform Credit Suisse upgraded Tyson Foods to outperform from neutral Susquehanna upgrading Deckers to positive from neutral J.
TJX Companies' (TJX) Q1 performance likely to gain from strong comps and inventory position. However, rising costs are likely to hurt the bottom line.
In spite of taking a slew of measures, Macy's (M) is likely to struggle with its bottom-line performance in the first quarter of fiscal 2019.
A buoyant consumer environment and strategic endeavors undertaken at the company level are working in favor of the Retail-Wholesale sector. The sector is anticipated to witness bottom-line growth of 9.7%.
Dublin, CA, May 09, 2019 -- Dublin, California -- Ross Stores, Inc. (Nasdaq: ROST) will announce its first quarter 2019 earnings results on Thursday, May 23, 2019. A.
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Ross Stores Inc NASDAQ/NGS:ROSTView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for ROST with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding ROST totaled $1.64 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Office Depot (ODP) added that the segment's muted performance will have a direct bearing on total revenues and operating income during the first quarter of 2019.
The off-price retailer’s stock has a number of possible catalysts, including the popularity of discounters, a well-respected new CEO, upgraded stores, and the potential for margin expansion.
Spectrum Brands' (SPB) second-quarter fiscal 2019 results are likely to gain from its strategic actions and brand portfolio. However, higher expenses and adverse currency remain concerns.
TJX or Ross: Which Retailer Is Positioned Better?(Continued from Prior Part)12-month forward PEAs of April 26, TJX Companies (TJX) was trading at a 12-month forward PE ratio of 21.1x compared to Ross Stores’ (ROST) valuation of 21.8x. TJX