Ross Stores http://so-l.ru/tags/show/ross_stores Wed, 22 Nov 2017 10:38:53 +0300 <![CDATA[Dollar Tree (DLTR) Stock Jumps on Q3 Earnings Beat, View Up]]> Dollar Tree Inc. DLTR posted third-quarter fiscal 2017 results, wherein both the earnings and sales topped estimates and improved year over year. Further, management raised outlook for fiscal 2017 and provided a solid view for the fiscal fourth quarter.

The company’s shares are up about 2.4% in the pre-market trading session following the better-than-expected results. Moreover, this Zacks Rank #2 (Buy) company has improved 29.5% in the last three months, outperforming the industry’s growth of 8.7%.



Quarter in Detail

The company’s quarterly adjusted earnings of $1.01 per share jumped 40.3% year over year, and surpassed the Zacks Consensus Estimate of 90 cents. Moreover, earnings exceeded the higher end of company’s guidance range of 83-90 cents per share.

Dollar Tree, Inc. Price, Consensus and EPS Surprise

Dollar Tree, Inc. Price, Consensus and EPS Surprise | Dollar Tree, Inc. Quote

Consolidated net sales advanced 6.3% to $5,316.6 million in the quarter, beating the Zacks Consensus Estimate of $5,282 million.

Comparable store sales (comps) for the quarter increased 3.2% in constant-currency, driven by improved customer count and average ticket. Including the impact of Canadian currency fluctuations, comps improved 3.3%. While Dollar Tree banner posted comps growth of 5% (in constant-currency), comps at the Family Dollar banner climbed 1.5%.

The company’s quarterly gross profit advanced 9.6% year over year to $1,666 million, with the gross margin expanding 90 basis points (bps) to 31.3%. The margin enhancement came on the back of reduced merchandise costs, lower markdowns and occupancy expenses, as a percentage of sales.

Selling, general and administrative expenses dropped 30 bps to 23.3% of sales, thanks to reduced depreciation, healthcare costs and store operating costs due to lower utility costs, as a percentage of sales. This was somewhat offset by increased hourly payroll and incentive compensation expenses as well as higher operating and corporate expenses.

Balance Sheet

Dollar Tree ended the quarter with cash and cash equivalents of $400.1 million, net merchandise inventories of $3,397.8 million, net long-term debt of $5,557 million and shareholders’ equity of $6,116.5 million.

Store Update

Dollar Tree opened 169 outlets, expanded or relocated 23 outlets, and shuttered six outlets during the quarter.

Looking Ahead

Robust fiscal third-quarter results and progress on Family Dollar integration encouraged management to raise guidance for fiscal 2017. Further, the company provided a solid outlook for the fiscal fourth quarter.

Management now forecasts net sales for fiscal 2017 (which will contain an additional week) in the band of $22.20-$22.31 billion, compared with the old projection of $22.07-$22.28 billion. The guidance stems from square footage growth estimate of 3.7% and comps improvement expected in low-single digits.

Earnings per share for fiscal 2017 are now expected to be in the range of $4.64-$4.73, which includes a receivable impairment charge of 14 cents spent in the first half of fiscal 2017. Earlier, management projected earnings in a band of $4.44-$4.60 per share for fiscal 2017. The company anticipates the additional 53rd week to increase sales by $400-$430 million and earnings by 19-22 cents per share.

For the fiscal fourth quarter, consolidated sales are projected in the range of $6.32-$6.43 billion, driven by comps growth in a low-single digit rise range for the combined entity. Earnings are anticipated in the range of $1.80-$1.89 per share.

Want More of Retail? Here are 3 Picks You Can’t Miss

Other top-ranked stocks in the retail sector include Ross Stores Inc. ROST, Dollar General Corp. DG and American Eagle Outfitters Inc. AEO. All the three stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ross Stores has a long-term growth rate of 10% and posted positive earnings surprise of nearly 5.5% in the trailing four quarters.

Dollar General delivered a positive earnings surprise of 1.8% in the trailing four quarters and has a long-term growth rate of 11.3%.

American Eagle delivered a positive earnings surprise of nearly 3.9% in the trailing four quarters and has a long-term growth rate of 8.7%.

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


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American Eagle Outfitters, Inc. (AEO): Free Stock Analysis Report
 
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
Dollar General Corporation (DG): Free Stock Analysis Report
 
Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_21_dollar_tree_dltr_stock_jumps_on_q3_ear Tue, 21 Nov 2017 17:53:00 +0300
<![CDATA[Can Walmart's Solid Expansion in Online Grocery Boost Stock?]]> Wal-Mart Stores, Inc. WMT has been taking numerous initiatives to augment its online presence and fend off competition from the e-commerce giant Amazon AMZN. Among its various strategies, it is worth noting that Walmart has been proactive in expanding in the fast-growing online grocery space. Notably, this business is likely to account for nearly 20% of total grocery sales by 2025.

Progressing on these lines, the supermarket giant recently extended its alliance with last mile logistics entity, Deliv, to support same-day delivery for groceries in San Jose and much of Silicon Valley — as reported by various sources. Customers at Walmart can buy online and schedule deliveries anytime between 8 am-8 pm on all days, which will be concluded by a Deliv driver.

Notably, Walmart’s splendid e-commerce endeavors (including expansion in the online grocery space) have been fueling results for quite some time now. This, in turn has helped this Zacks Rank #2 (Buy) stock surge 44.4% over a year, outperforming the industry’s growth of 33.9%. So, we believe that strategies like the aforementioned one is most likely to drive the stock higher.





 

Walmart’s Expansion in Online Grocery Likely to be Fruitful

Walmart, which competes with Amazon Fresh, has been testing same-day deliveries with Deliv for quite some time now. Evidently, both companies partnered with smart lock door maker, August Homes this September to test in-home and direct-to-fridge delivery. Per this deal that was being tested in Silicon Valley, users of August Home devices like door bells or security cameras could opt for deliveries by Deliv and monitor the whole delivery process on their smart phones.

Other than this, Deliv also served as one of Walmart’s partners when the latter was testing last-mile grocery deliveries with Uber and Lyft. These initiatives highlight the solid ties between Walmart and the last-mile logistics company, with both focusing on enriching consumers’ convenience. Notably, Deliv has a strong presence in the United States, with operations spread over cities like Atlanta, Austin, Boston, Chicago, Miami, Las Vegas, and Washington, DC among others.

Apart from entering into deals with third-party delivery services, Walmart also acquired delivery start-up company, Parcel Inc. to extend same-day deliveries in New York. Given consumers’ rising preference for online shopping, we believe that the extended partnership with Deliv is likely to strengthen Walmart’s online grocery category.

Online grocery sales played a vital role in boosting Walmart’s e-commerce sales in the third quarter of fiscal 2018. Incidentally, U.S. comps (excluding fuel) rose 2.7% in the quarter, largely driven by 1.5% improvement in comp traffic. Moreover, e-commerce sales positively impacted comp sales at Walmart U.S. by 80 bps. Walmart’s U.S. e-commerce sales increased 50%, owing to Walmart.com’s performance. Notably, this includes significant contributions from Walmart’s online grocery service, which has now expanded to over 1,100 locations and is expected to have 1,000 additions next year.

Apart from this, management stated that its food categories performed exceptionally well and recorded the highest comps in about six years. Walmart’s international sales also delivered growth, mainly fueled by strength in food and staples categories.

E-Commerce Initiatives Remain a Growth Driver

Amazon’s rising dominance and expansion in the grocery space has made most retailers trepidatious, thus compelling them to take efforts to combat the intense competition. In order to keep pace with the evolving consumer demand and stand strong amid a tough environment, Walmart’s has been taking several e-commerce initiatives, including buyouts, alliances, and improved delivery and payment systems.

Evidently, Walmart’s buyouts of ShoeBuy, Moosejaw, ModCloth and Jet.com underscore its quest to build an impressive digital brand portfolio. The company’s Walmart Pay mobile payment system, and Mobile Express Returns program further highlight its focus on accelerating online business and making shopping easier and faster.

Looking for More? Check These Trending Picks

Dollar General Corporation DG carrying a Zacks Rank #2 has an impressive long-term earnings growth rate of 11.3%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ross Stores, Inc. ROST delivered an average positive earnings surprise of 5.5% in the trailing four quarters and has a long-term earnings growth rate of 10%. The company carries the same Zacks Rank as Dollar General.

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?                                                                                                                                                                                                                                                                                                                                                                                                                  

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
 
Dollar General Corporation (DG): Free Stock Analysis Report
 
Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2017_11_21_can_walmart_s_solid_expansion_in_online Tue, 21 Nov 2017 16:46:00 +0300
<![CDATA[Lowe's (LOW) Q3 Earnings & Sales Top Estimates, View Intact]]> Lowe’s Companies, Inc. LOW posted better-than-expected third-quarter fiscal 2017 results, after reporting negative surprises in both the top and bottom lines during the preceding two quarters. As a result, shares of this North Carolina-based company are up roughly 1.9% during pre-market trading hours. In the past three months, the stock has increased 7.5% compared with the industry’s growth of 12.3%.

The home improvement retailer posted quarterly earnings of $1.05 per share that beat the Zacks Consensus Estimate of $1.02. Bottom line improved 19.3% from 88 cents delivered in the year-ago quarter – following an increase of 14.6% and 18.4% registered in the second and first quarter, respectively. Higher net sales and lower SG&A expenses aided the bottom line.

Net sales of $16,770 million also came ahead of the Zacks Consensus Estimate of $16,568 million. Top line jumped 6.5% year over year after increasing 6.8% and 10.7% in the second and first quarter, respectively. Hurricane-related sales stood at approximately $200 million.

The company’s sales increase can be attributed to its efforts to provide a better omni-channel customer experience and an improvement in the housing market. Rise in demand for building materials post hurricanes also supported the top line.

Comparable sales (comps) rose 5.7% during the quarter under review, following an increase of 4.5% and 1.9% recorded in the second and first quarter, respectively. Comps for the U.S. business climbed 5.1%, after increasing 4.6% and 2% in the respective quarters.

Gross profit increased 5.7% year over year to $5,713 million, however, gross profit margin contracted roughly 28 basis points to 34.1%.

Lowe's Companies, Inc. Price, Consensus and EPS Surprise

 

Lowe's Companies, Inc. Price, Consensus and EPS Surprise | Lowe's Companies, Inc. Quote

Other Financial Aspects

Lowe’s, which competes with The Home Depot, Inc. HD, ended the quarter with cash and cash equivalents of $743 million, long-term debt (excluding current maturities) of $15,570 million and shareholders’ equity of $5,742 million.

During the quarter, the company kept its promise of returning surplus cash to stockholders as it repurchased shares worth $500 million and distributed $344 million as dividends.

Outlook

Management continues to project total sales growth of approximately 5% with comps increase of about 3.5% during fiscal 2017. Lowe’s envisions operating margin to increase approximately 80 to 100 basis points in the fiscal year. This Zacks Rank #3 (Hold) company continues to envision earnings in the band of $4.20-$4.30 per share. 

Moreover, the company intends to open 25 home improvement and hardware stores during fiscal 2017. As of Nov 3, 2017, the company operated 2,144 stores in the United States, Canada and Mexico.

Like to Know Hot Stocks in the Retail Space, Check These

Dollar Tree, Inc. DLTR has a long-term earnings growth rate of 13.2% and a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ross Stores, Inc. ROST pulled off an average positive earnings surprise of 5.5% in the trailing four quarters. It has a long-term earnings growth rate of 10% and a Zacks Rank #2.

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Home Depot, Inc. (The) (HD): Free Stock Analysis Report
 
Lowe's Companies, Inc. (LOW): Free Stock Analysis Report
 
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_21_lowe_s_low_q3_earnings_sales_top_est Tue, 21 Nov 2017 16:27:00 +0300
<![CDATA[4 Buy-Ranked Retails Stocks to Consider Ahead of Black Friday]]> Thanksgiving is just round the corner, marking the start of a busy period for retail stocks. While Thanksgiving is the unofficial start of the holiday shopping season, Black Friday, the day after Thanksgiving, is one of the busiest shopping days of the year.

According to a survey released by the National Retail Federation and Prosper Insights & Analytics last week, about 164 million people or 69% of Americans plan to shop over the weekend which includes Thanksgiving Day, Black Friday, Small Business Saturday and Sunday as well as Cyber Monday. Both online and brick-and-mortar stores provide competitive offers and discounts during this period to attract customers.

Black Friday is expected to be the busiest day this weekend with about 115 million people planning to shop this day. While 71 million people plan to shop on Saturday, Cyber Monday is expected to see about 78 million shoppers. With just 2% of consumers having completed their holiday shopping, Black Friday will be a very important day for e-commerce stocks and retailers with many companies reporting their highest profits on this day. The holiday season gives retailers the opportunity to improve traffic and bring in the numbers through promotions, early-store openings, heavy discounts, as well as free shipping on online purchases. People queuing up outside stores from the wee hours to take advantage of attractive deals and offers including early bird discounts is not an uncommon sight during this period.

Retailers are gearing up for the holiday season with companies like Target Corporation TGT announcing the hiring of additional team members for the peak holiday season. Target has introduced Weekend Deals this year featuring marquee prices on new items every weekend based on what customers are looking for at different times throughout the season. The company also said it would be offering some of its lowest prices of the year during big events like Black Friday and Cyber Monday. Companies like Kohl’s Corporation KSS and Amazon have also announced their Black Friday deals.

Low household debt burdens, growing consumer confidence, lower personal savings and higher income generation bode well for the upcoming holiday season. In fact, spending in U.S. households ramped up in October with retail sales (excluding autos, gas and restaurants) growing 0.1% over September and 4.3% from the year-ago period (NRF data).

Stock Picks

With the holiday season round the corner, here is a look at four retail stocks that boast of a favorable Zacks Rank and a VGM Score of A or B. Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best upside potential.

Dollar General DG: Dollar General is focused on helping shoppers save time and money. Products sold at its stores include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices. As of August 19, 2017, Dollar General operated 14,000 stores in 44 states.

Dollar General, a Zacks Rank #2 stock has a pretty good earnings track record with the company surpassing expectations in three of the last four quarters with an average surprise of 1.8%. Estimated earnings growth for the current year is 0.5% while the VGM Score is A. Dollar General’s shares are up 17.4% year to date, significantly outperforming the 2.2% rally of the industry it belongs to. You can see the complete list of today’s Zacks #1 Rank stocks here.

Dollar Tree, Inc. DLTR: Dollar Tree is a leading operator of discount variety stores in North America. The company has more than 14,500 stores across 48 states and five Canadian provinces with the stores operating under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.

The Zacks Rank #2 stock, which has a VGM Score of A, has surpassed earnings expectations in three of the last four quarters with an average surprise of 4.9%. Estimated earnings growth for the current year is 22.4%. Dollar Tree’s shares are up 25.8% year to date, significantly outperforming the 2.2% rally of the industry it belongs to.

Ross Stores, Inc. ROST: Ross Stores operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States that offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% - 60% off department and specialty store regular prices every day. As of October 28, 2017, Ross Dress for Less had 1,412 locations across 37 states, the District of Columbia and Guam.

Ross Stores also operates 215 dd’s DISCOUNTS across 16 states (as of October 28, 2017) where a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear, and home fashions for the entire family is available at savings of 20% - 70% off moderate department and discount store regular prices every day.

The Zacks Rank #2 stock has a strong earnings track record having surpassed expectations in each of the last four quarters with an average surprise of 5.5%.

The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.6% upward over the last 7 days. Estimated earnings growth for the current year is 15.4% while the VGM Score is B. Ross Stores’ shares are up 10.9% year to date, outperforming the 2.2% rally of the industry it belongs to.

Wal-Mart Stores, Inc. WMT: Wal-Mart operates through more than 11,600 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. The company, which reported strong results for the third quarter of fiscal 2018, raised its outlook as well. The Zacks Rank #2 stock, which has a VGM Score of B, has seen the Zacks Consensus Estimate for current-year earnings being revised 0.7% upward over the last 7 days.

Wal-Mart’s shares are up 41% year to date, outperforming the 30.3% rally of the industry it belongs to.

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>> 
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
 
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
Dollar General Corporation (DG): Free Stock Analysis Report
 
Target Corporation (TGT): Free Stock Analysis Report
 
Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
Kohl's Corporation (KSS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2017_11_21_4_buy_ranked_retails_stocks_to_consider Tue, 21 Nov 2017 15:53:00 +0300
<![CDATA[Top Research Reports on Walmart, NVIDIA and Procter & Gamble]]> Monday, November 20, 2017

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Walmart (WMT), NVIDIA (NVDA) and Procter & Gamble (PG). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Buy-rated Walmart’s shares have been strong performers lately, with the stock up +24.1% over the last six months, outperforming the S&P 500's +7.8% gain in the same time period. The Zacks analyst likes Walmart’s solid earnings and comps record. The company has been gaining from constant e-commerce initiatives, like buyouts, alliances, and improved delivery systems.

These trends, along with solid traffic drove Walmart’s third-quarter fiscal 2018 performance, wherein both earnings and revenues rose year over year and beat estimates. Notably, this marked Walmart’s ninth and 13th straight quarter of positive earnings surprise and U.S. comps growth, respectively.

Also, the company’s international performance gained from strength in food categories. All these factors encouraged management to raise its view. However, stiff competition from brick and mortar and online retailers remains a concern. Also, macroeconomic woes like volatile consumer spending poses threats.

(You can read the full research report on Walmart here >>>).

Shares of Strong Buy-rated NVIDIA have surged over the last year, gaining in excess of +127.4% versus the Zacks Semiconductor - General industry’s +52% gain. NVIDIA posted impressive third-quarter fiscal 2018 results and provided encouraging fourth quarter revenue guidance.

Also, the company registered year-over-year growth on both counts, primarily due to growth across all its four platforms. Better-than-expected demand for gaming chips helped the company post encouraging results.

The Zacks analyst likes NVIDIA’s sustained efforts toward attaining robust position in several emerging industries such as Artificial Intelligence (AI), deep learning and driverless cars. NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs remain the positives. The company’s focus on GRID platforms can increase GPU adoption in data centers, giving it an advantage against its competitors.

(You can read the full research report on NVIDIA here >>>).

Procter & Gamble's shares have underperformed the Zacks Soap and Cleaning Materials industry so far this year (+5.2% vs. +14.2%). P&G reported first-quarter fiscal 2018 results, wherein earnings and revenues surpassed expectations. Adjusted earnings increased 6% from the year-ago level aided by productivity cost savings.

Overall organic sales were up 1%, comprising 1% volume growth despite decelerating market growth and a 30 bps headwind from natural disasters. The Zacks analyst likes the company’s focus on balanced growth through improved product, packaging, and marketing initiatives and its productivity cost saving plan.

However, core gross and operating margin weakness was notable in the quarter that decreased 40 bps each. Lower pricing, higher commodity costs, increased competition and an unfavorable mix continued to hurt profitability. Again, decelerating organic sales growth in developed and developing markets raise concerns.

(You can read the full research report on Procter & Gamble here >>>).

Other noteworthy reports we are featuring today include Mondelez (MDLZ), Phillips 66 (PSX) and AstraZeneca (AZN).

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Mark Vickery

Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Featured Reports

Ross Stores' (ROST) Sturdy Comps Run to Propel Top-Line

Ross Stores boasts impressive comparable sales run. Per the Zacks analyst, the company's better price management, merchandise, cost containment and operational initiatives should drive sales.

Exelon (EXC) to Gain from $20B Investments and Cost Savings

The Zacks analyst believes Exelon will gain from its continuous investment to strengthen its regulated assets, while its cost savings initiatives will boost its margins.

Mondelez (MDLZ) Strong on Power Brands, Volume Trend Weak

The covering analyst stresses that Power Brands has significantly contributed to Mondelez's revenue growth. However, the company's volume trends remain weak owing to sluggish demand.

Improving Trading Activity Benefits TD Ameritrade (AMTD)

The Zacks analyst believes TD Ameritrade is poised to growth through improving trading activities as DARTs continue to rise. Moreover, increase in revenue and easing margin pressure is favorable.

AstraZeneca (AZN) New Drugs Boost Sales Amid Generic Woes

Per the Zacks analyst, AstraZeneca's newer drugs like Tagrisso and Brilinta should keep boosting the top line.

Phillips 66 (PSX) Banks on Chemicals Business, Debts High

Rising debt load and declining cash balance are serious concerns, per the Zacks analyst.

CME (CME) Gains from Higher Clearing and Transaction Fees

Per the Zacks analyst, CME Group gains from higher clearing and transaction fees and volume growth.

New Upgrades

Netflix (NFLX) Benefits from Strong Content Portfolio

Per the Zacks analyst, Netflix continues to benefit from its ever expanding portfolio of original content. Emphasis on regional content will boost its international subscriber base.

RH's (RH) Acquisition & Membership Business Model Bodes Well

The Zacks analyst stresses that RH's membership business model and waterworks acquisition has enhanced the company's brand value and profitability.

International Revenue Growth, Debt Cuts Buoy Viacom (VIAB)

The Zacks analyst appreciates the strong growth in advertising and affiliate revenues on the international front. Efforts to reward shareholders and bring down its debt levels also raise optimism.

New Downgrades

Supply Delays, Soft U.S. Market to Hurt Zimmer Biomet (ZBH)

Per the Zacks analyst, Zimmer Biomet is grappling with supply delays, leading to the inability to recapture lost customers and gain new ones. Soft domestic market conditions is another concern.

Operational Challenges in Syncrude To Hurt Suncor (SU)

Poor operating history and frequent unplanned outages in the Syncrude project have hiked its near-term operating costs, which might hurt Suncor's earnings.

Weak Mining, Aerospace to Restrain ITT's (ITT) Momentum

Per the Zacks analyst, ITT's growth might be hampered due to weak mining activity, restrained client spending and softness in aerospace & defense market. Also, rising commodity costs remain a concern.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
 
Phillips 66 (PSX): Free Stock Analysis Report
 
Procter & Gamble Company (The) (PG): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Mondelez International, Inc. (MDLZ): Free Stock Analysis Report
 
Astrazeneca PLC (AZN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_21_top_research_reports_on_walmart_nvidia Tue, 21 Nov 2017 00:03:00 +0300
<![CDATA[Ross Stores (ROST) Looks Good: Stock Adds 10% in Session]]> Ross Stores, Inc. ROST was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $63.42 to $65.76 in the past one month time frame.

The move came after the company reported better-than-expected third-quarter 2017 results.

The company has seen a mixed track record when it comes to estimate revisions of three increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ross Stores currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the Retail - Discount Stores industry may consider Big Lots, Inc. BIG, which also has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ROST going up? Or down? Predict to see what others think:Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
Big Lots, Inc. (BIG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_20_ross_stores_rost_looks_good_stock_add Mon, 20 Nov 2017 16:51:00 +0300
<![CDATA[Foot Locker (FL) Up on Q3 Earnings: Will the Momentum Last?]]> Investors gave thumbs up to Foot Locker, Inc. FL after this operator of athletic shoes and apparel retailer posted better-than-expected third-quarter fiscal 2017 results. Consequently, the shares of this Zacks Rank #3 (Hold) company zoomed 28.2% during the trading session on Nov 17. This led the stock to gain 29.1% in a month, compared with the industry’s increase of 10.4%.

Clearly, the third-quarter results gave a fresh breath of life to the stock, which in the recent past had struggled to win investors’ confidence on account of dismal performance in the preceding two quarters. However, analysts believe that the euphoria surrounding the stock may be short lived as Foot Locker continues to register year-over-year decline in both the top and bottom lines.

Nevertheless, given the tough retail scenario Foot Locker is effectively managing inventory, investing in digital platforms, improving supply chain efficiencies along with reorganizing corporate and division staff. The company also entered into a partnership with Nike for a pop-up store called Sneakeasy NYC.

Let’s Delve Deep

The New York-based retailer delivered adjusted earnings of 87 cents a share that beat the Zacks Consensus Estimate of 80 cents by 8.8%, after witnessing negative earnings surprises of 31.1% and 1.5% in the third and second quarter, respectively. However, earnings per share plunged 23% year over year, following a decline of 34% in the second quarter.

Foot Locker generated total sales of $1,870 million that came ahead of the Zacks Consensus Estimate of $1,843 million, after missing the same in the preceding four quarters. However, the top line decreased 0.8% year over year, after sliding 4.4% in the second quarter. Excluding the impact of foreign currency fluctuations, total sales dropped 2.3%. Third-quarter comparable-store sales fell 3.7%, following a decline of 6% in the preceding quarter.

Direct-to-customer comparable sales increased 6.1%, while at stores the same declined 5.1%. Eastbay witnessed a high single-digit increase in the top line. The company’s store banner dot-com businesses both in the United States and Europe increased in mid-single-digit, while digital sales in Canada rose at a double-digit rate.

Gross margin contracted 290 basis points to 31% of sales primarily due to fall in merchandise margin on account of higher markdowns to pull traffic and clear slow-moving inventory. SG&A expense rate increased 30 basis points to 19.7% during the quarter.

Foot Locker, Inc. Price, Consensus and EPS Surprise

 

Foot Locker, Inc. Price, Consensus and EPS Surprise | Foot Locker, Inc. Quote

Store Update

During the quarter under review, Foot Locker opened 12 new outlets, remodeled or relocated 41 outlets, and shuttered 22 outlets. The company plans to open 90 stores, relocate or remodel 180 stores, and shutter 150 locations (up from 135 previously expected) during fiscal 2017.

As of Oct 28, 2017, the company operated 3,349 outlets across 23 countries in North America, Australia, New Zealand and Europe. Apart from these, there are 83 franchised Foot Locker stores in the Middle East. Germany has 14 franchised Runners Point stores.

Other Financial Details

Foot Locker ended the quarter with cash and cash equivalents of $890 million, long-term debt and obligations under capital leases of $126 million, and shareholders’ equity of $2,657 million. During the quarter, the company repurchased 8.69 million shares of worth $304 million and paid a quarterly dividend of 31 cents a share.

Management incurred capital expenditures of $54 million during the quarter, and remains on track to spend approximately $277 million in the fiscal year.

Outlook

Management now expects comparable sales to decline in the band of 2-4% during the fourth quarter compared with previous guidance of down 3-4%. On a 13-week basis, gross margin is likely to shrivel 220-240 basis points in the final quarter due to higher markdowns. SG&A expense rate is expected to increase by 60-80 basis points. Further, Foot Locker now envisions earnings per share to decline in the range of 15-25% in the fourth quarter. The guidance excludes the 53rd week, which is likely to benefit the bottom line by 12 cents a share.

Interested in Retail Space? Check These 3 Trending Stocks

Big Lots, Inc. BIG delivered an average positive earnings surprise of 81.1% in the trailing four quarters. The company has a long-term earnings growth rate of 13.5% and a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Dollar Tree, Inc. DLTR has a long-term earnings growth rate of 13.2% and a Zacks Rank #2.

Ross Stores, Inc. ROST pulled off an average positive earnings surprise of 5.5% in the trailing four quarters. It has a long-term earnings growth rate of 10% and a Zacks Rank #2.

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http://so-l.ru/news/y/2017_11_20_foot_locker_fl_up_on_q3_earnings_will Mon, 20 Nov 2017 16:21:00 +0300
<![CDATA[Ross Stores stock price target raised to $80 from $74 at Instinet]]> ]]> http://so-l.ru/news/y/2017_11_17_ross_stores_stock_price_target_raised_to Fri, 17 Nov 2017 18:14:33 +0300 <![CDATA[Stock Market News For Nov 17, 2017]]> Markets closed higher on Thursday after the House finally passed the much awaited tax legislation as the Tax Cuts and Jobs Act. Moreover, broader markets were also boosted after shares of both Cisco as well as Wal-Mart surged after the companies posted stupendous earnings. Meanwhile, the industrial production in October increased 0.9%.

The Dow Jones Industrial Average (DJIA) increased 0.8%, to close at 23,458.36. The S&P 500 Index (INX) gained 0.8% to close at 2,585.64. The tech-laden Nasdaq Composite Index (IXIC) closed at 6,793.29, gaining 1.3%. Advancers outnumbered decliners on the NYSE by a 3.23-to-1 ratio. On Nasdaq, advancing issues outnumbered the declining ones by a 3.59-to-1. The CBOE VIX decreased 9.4% to close at 11.90.

Tax Bill Cleared by the House

In a 227 to 205 vote on Thursday, House of Representatives finally passed the much awaited tax cuts legislation now named as the Tax Cuts and Jobs Act. This not only refurbished the existing U.S. tax code but also took President Trump and his team one step closer toward realizing their most important agenda — tax reforms.

Members of the GOP remained positive about the how the Bill would actually improve the overall economy. House Speaker, Paul Ryan even commented that the legislation would result in more jobs, increased wages and above all, ‘better take-home pay.’ The Bill reduces the corporate tax rate to 20% from the current rate of 35%.

It also reduces tax brackets to just four slabs from the current seven slabs and also revokes the estate tax system. Eventually, the United States will move to a territorial tax system, under which a company can be taxed only where income is earned.

Not so surprisingly, none of the Democrats cast their vote for the Bill. Moreover, Republicans from New York and New Jersey also did not vote for the legislation. In all, thirteen Republicans refused to vote for the Bill. Such Republicans particularly did not support the abolishment of state and local income tax deductions under the Bill.

Economists believe that the Bill has yet to clear the biggest hurdle. This would be Senate Finance Committee’s proposal to delay the implementation of the corporate tax cut — the most important facet of the legislation — to 2019. However, broader markets gained traction on Thursday after the Tax Bill was passed by the House.

What Do the Benchmarks Say?

The Dow amassed 187.08 points to close in the green on Thursday. This comes just a day after the blue-chip index posted its worst one-day drop since Sep 5. While gains for the Dow were boosted primarily by the Tax Bill being passed in the House, a surge in the shares of Cisco CSCO and Wal-Mart WMT helped the blue-chip index post a brilliant show. This also led to the Dow gaining more than 200 points earlier in the session.

Shares of Cisco gained 5.2% on Thursday after posting stupendous earnings for first quarter of fiscal 2018. Cisco Systems Inc. reported first-quarter fiscal 2018 non-GAAP earnings of 61 cents per share beating the Zacks Consensus Estimate by a penny. However, the figure remained unchanged on a year-over-year basis. Acquisitions have negatively impacted earnings by a penny in the quarter. Revenues declined 1.7% year over year to $12.14 billion and were almost in line with the Zacks Consensus Estimate. (Read More)

Whereas the shares of Wal-Mart gained almost 11% after posting third quarter 2017 earnings which surpassed the expectations. The Arkansas-based retailer posted $123.18 billion in quarterly revenues and adjusted EPS of $1.00 per share, which both beat Wall Street expectations. Wal-Mart also raised its full-year earnings guidance to help its stock price hit a new intraday trading high of $98.01 per share. (Read More)

Such gains also boosted the S&P 500 which surged 21.02 points. Of the 11 major sectors of the S&P 500, nine ended in the green, with tech shares leading the advancers. The Technology Select Sector SPDR ETF (XLK) surged 1.4%. Such gains were made possible by a surge in the shares of Cisco after posting an earnings beat. Moreover, this rally in tech shares also bolstered the Nasdaq which gained 87.08 points to finish in the green. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Economic Data

On the economic data front, initial claims for the last week rose to 249,000 — an increase of 10,000 form the last week. The consensus estimate for the period was 235,000. This also marks its six-week high. Meanwhile, industrial production for October surged 0.9%, surpassing the consensus estimate of 0.6%.

Stocks That Made Headlines

Ross Stores Rallies on Solid Q3 Earnings, Raised View

Ross Stores, Inc. ROST reported solid third-quarter fiscal 2017 results, wherein both the top and bottom lines topped estimates and improved year over year. (Read More)

SCANA's Subsidiary Provides Solutions for Abandoned Plant

SCANA Corporation’s SCG principal subsidiary — South Carolina Electric & Gas Company (“SCE&G”) — has announced plans to resolve issues relating to the abandoned V.C. Summer Station nuclear construction project. (Read More)

Gap Stock Up on Q3 Earnings & Sales Beat, Raises View

Shares of Gap Inc. GPS were up 7.7% yesterday in after-hours trading as the company raised its fiscal 2017 outlook following the better-than-expected third-quarter results. (Read More)

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http://so-l.ru/news/y/2017_11_17_stock_market_news_for_nov_17_2017 Fri, 17 Nov 2017 18:09:00 +0300
<![CDATA[Can Fossil Group's Wearables Segment Drive Performance?]]> Fossil Group, Inc. FOSL has been struggling with traditional watch segment in the past few quarters, thanks to consumers’ shift toward tech-savvy products. The company has been making investments to augment connected wearables portfolio, in order to meet the increasing demand for digitally advanced gadgets. 

Let’s look into some of the factors that have been affecting the performance of the company and see if its growth initiatives can revive performance.

Dismal Business Segments Weigh Upon Stock

During the third quarter of 2017, Fossil Group’s net sales declined 6.7% from the prior-year quarter, primarily due to a 2.7% fall in watches portfolio. The downside stemmed from disappointing traditional watch performance. Management noted that increased competition and rising demand for tech-savvy watches has led to soft sales in the company’s traditional watches segment. Moreover, the company expects headwinds in this category to persist in the periods ahead.

Further, Fossil Group’s Jewelry and Leather businesses have been unfavorable for quite some time. During the third quarter, jewelry and leather business sales fell 20.8% and 18.9%, respectively. Both categories have displayed unimpressive performance on account of unfavorable consumer response. Persistent softness across these categories has caused Fossil Group’s shares to plunge 77.8% in the past year compared with the industry’s decline of 25.9%.

 

 

Bleak Gross Margin & Outlook Dent Estimates

Recently, Fossil Group has been investing highly in promotional activities, for driving sales of traditional watches and newly-launched products in connected wearables. Consequently, higher promotional expenditures have taken a toll on the company’s gross margin, which has been declining since the past year.

All these factors compelled management to slash 2017 adjusted earnings and sales view. The company expects a loss of 45 cents to earnings of 10 cents from the earlier view of earnings of 35 cents to $1.15. Consequently, the Zacks Consensus Estimate for 2017 fell from estimated earnings of 68 cents to a loss of 22 cents in the past 30 days. Further, the company anticipates net sales for the year to decline in the range of 8.5-10.5%, wider than the previously range of 4.5-8.5%.

Growth Prospects From Wearables Segment

Nevertheless, the company is eyeing considerable growth opportunities in connected wearables segment and has been adding several products to enrich the category’s portfolio. Wearables represented more than 10% of Fossil Group’s sales in the third quarter, which nearly doubled from the year-ago quarter and also marked a sequential improvement. Considering the favorable consumer response and impressive performance from some key brands, management believes that wearables can play a key role in reviving Fossil Group’s performance in the upcoming quarters.

Other initiatives to Revive Performance

Fossil Group has been trying to reduce costs through its “New World Fossil” restructuring plan. The program aims to transform the company’s fuel efficiencies, improve margins and enhance overall operating structure of the business to drive profits. The company is on track with this program and expects to curtail product costs and reduce the expense structure by approximately $100 million (on a run-rate basis) this year.

Also, the company’s renewed license agreement with Michael Kors and Emporio Armani through 2024 provides extensive opportunities for the expansion of watches and jewelry portfolio. Such agreements will also enable Fossil Group to explore other opportunities in the accessories category.

We expect that such dedicated efforts will uplift this Zacks Rank #3 (Hold) company’s performance in the quarters ahead.

Do Retail Stocks Interest You? Check These

Investors may consider other stocks from the same sector such as Home Depot Inc HD, Ross Stores Inc ROST and Zumiez Inc ZUMZ. All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

Home Depot delivered an average positive earnings surprise of 3.9% in the last four quarters. It has a long-term earnings growth rate of 13.4%.

Ross Stores pulled off an average positive earnings surprise of 6.3% in the trailing four quarters. It has a long-term earnings growth rate of 10%.

Zumiez come up with an average positive earnings surprise of 27% in the trailing four quarters. It has a long-term earnings growth rate of 18%.

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http://so-l.ru/news/y/2017_11_17_can_fossil_group_s_wearables_segment_dri Fri, 17 Nov 2017 16:58:00 +0300
<![CDATA[Ross Stores price target raised to $78 from $74 at Cowen & Co.]]> ]]> http://so-l.ru/news/y/2017_11_17_ross_stores_price_target_raised_to_78_f Fri, 17 Nov 2017 16:12:19 +0300 <![CDATA[Ross Stores (ROST) Rallies on Solid Q3 Earnings, Raised View]]> Ross Stores, Inc. ROST reported solid third-quarter fiscal 2017 results, wherein both the top and bottom lines topped estimates and improved year over year. Further, earnings came ahead of the company’s projection despite the tough year-over-year comparisons, volatile retail environment and the impact of two major hurricanes during the quarter.

Driven by the continuation of trends witnessed in the third quarter, the company raised its sales view for the fiscal fourth quarter. Also, a sturdy year-to-date performance and robust fiscal fourth-quarter projections encouraged management to perk up its earnings view for fiscal 2017.

Consequently, shares of Ross Stores jumped 8.1% in the after-hours session yesterday. Moreover, the stock has gained 19.5% in the last three months, outperforming the industry’s 6% upside.



Ross Store posted earnings of 72 cents a share that surpassed its guidance range of 64-67 cents and the Zacks Consensus Estimate of 67 cents. Earnings also improved 16.1% from 62 cents reported in the prior-year period.

Ross Stores, Inc. Price, Consensus and EPS Surprise

Ross Stores, Inc. Price, Consensus and EPS Surprise | Ross Stores, Inc. Quote

Total sales for the quarter rose 7.8% to $3,328.9 million and beat the Zacks Consensus Estimate of $3,273 million, driven by 4% increase in comparable-store sales (comps). Comps also surpassed the company’s expected rise of 1-2%. This can primarily be attributed to rise in traffic and increased average basket size.

Cost of sales increased 7.4% to $2,369.1 million and 30 basis points (bps), as a percentage of sales. The improvement was driven by a 25-bps rise in merchandise margin, as well as a 20-bps decline in both occupancy and buying costs. However, these were marred by higher freight and distribution expenses. Additionally, selling, general and administrative expenses contracted 35 bps due to leverage on comps gain and non-recurring costs incurred last year.

Operating margin expanded 60 bps to 13.3%, which was better than the company’s expectation of 12.4% and 12.6%. This outperformance stemmed from improved merchandise margins and leverage on higher-than-planned sales.

Store Update

The company’s expansion plan is on track with the inclusion of 10 new dd's DISCOUNTS stores and 30 Ross Stores in the fiscal third quarter. This marked the completion of its store opening target for fiscal 2017. The company had planned to open a total of 90 stores in fiscal 2017, comprising 70 Ross and 20 dd’s DISCOUNTS outlets.

Ross Stores expects to close fiscal 2017 with a total of 1,408 Ross and 213 dd’s DISCOUNTS stores.

Financials

Ross Stores ended the fiscal third quarter with cash and cash equivalents of $1,144.2 million, long-term debt of $396.8 million and total shareholders’ equity of $2,858.5 million.

During the reported quarter, the company bought back 3.6 million shares for $219 million. Year to date, the company repurchased a total of 10.5 million shares for $649 million. Evidently, it remains on track to repurchase $875 million worth shares in fiscal 2017 under its two-year $1.75 billion share repurchase program approved in February 2017. The company paid dividends worth nearly $186.5 million in the first three quarters of fiscal 2017.

Concurrent to the earnings release, the company announced a quarterly cash dividend of 16 cents per share, payable on Dec 29 to shareholders on record as of Dec 1.

Guidance

Following the solid fiscal third quarter, the company raised its sales view for the fiscal fourth quarter. The company now anticipates comps to increase 2-3% in the fiscal fourth quarter compared with the prior guidance of 1-2% growth. However, the company retained its earnings per share guidance of 88-92 cents versus 77 cents in the prior-year quarter. The company anticipates the benefit from increased comps to be offset by the certain expense timing shift into the fiscal fourth quarter this year.

In addition, the company expects sales growth of 11-12% in the fiscal fourth quarter, including a benefit from the additional 53rd week. Operating margin for the quarter is projected between 14% and 14.2% compared with 13.6% recorded in the year-ago quarter. Net interest expenses are estimated at about $1.5 million, while the tax rate is projected at 37-38%.

Based on the year-to-date performance and outlook for the fiscal fourth quarter, the company now projects earnings per share for fiscal 2017 in the range of $3.24-$3.28, including benefit from the additional week. On a 52-week basis, this represents growth of 12-13% from earnings of $2.83 delivered in fiscal 2016. Earlier, the company had projected earnings per share in the range of $3.16-$3.23 for fiscal 2017.

Notably, the company’s guidance for both fourth quarter and fiscal 2017 includes about 8 cents benefit from the inclusion of an additional 53rd week.

Zacks Rank and Key Picks

Ross Stores currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same space include Big Lots Inc. BIG, Dollar General Corp. DG and Dollar Tree Inc. DLTR. All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Big Lots has a long-term growth rate of 13.5% and posted positive earnings surprise of nearly 81.1% in the trailing four quarters.

Dollar General delivered a positive earnings surprise of 1.8% in the trailing four quarters and has a long-term growth rate of 11.3%.

Dollar Tree delivered a positive earnings surprise of nearly 5% in the trailing four quarters and has a long-term growth rate of 13.2%.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.   

See the pot trades we're targeting>>


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http://so-l.ru/news/y/2017_11_17_ross_stores_rost_rallies_on_solid_q3_e Fri, 17 Nov 2017 13:45:00 +0300
<![CDATA[Ross Stores (ROST) Stock Climbs On Q3 Earnings & Revenue Beats]]> Ross Stores, Inc. (ROST) just released its third quarter 2017 financial results, posting earnings of $0.72 per share and revenues of $3.33 billion. Currently, Ross Stores is a Zacks Rank #2 (Buy) and is up over 6% to $69.91 per share in after-hours trading shortly after its earnings report was released.

Ross Stores, Inc:

Beat earnings estimates. The company posted earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.67 per share.

Beat revenue estimates. The company saw revenue figures of $3.33 billion, topping our consensus estimate of $3.27 billion.

Ross Stores third-quarter earnings popped 16% year-over year, while the company’s sales jumped 8%. The discount giant’s comparable store sales rose 4% from the year-ago period. The company’s net earnings surged from $245 million to $274 million.

Based on its successful quarter, Ross Stores raised its fourth-quarter guidance. The company now expects to post a year-over-year sales increase between 2% and 3%. Ross Stores also projects it will post Q4 EPS in the range of $0.88 to $0.92.

“Our third quarter sales and earnings outperformed our expectations despite being up against our toughest prior year comparisons and two major hurricanes during the quarter,” CEO Barbara Rentler said in a statement.

“We are pleased with these strong results, which reflect our continued market share gains in a challenging retail environment. Operating margin of 13.3% was better-than-expected, mainly due to a combination of higher merchandise margin and leverage on above-plan sales.”

Here’s a graph that looks at Ross Stores’ Price, Consensus and EPS Surprise history:

Ross Stores, Inc. Price, Consensus and EPS Surprise

Ross Stores, Inc. Price, Consensus and EPS Surprise | Ross Stores, Inc. Quote

Ross Stores, Inc. is headquartered in Dublin, California and operates Ross Dress for Less, one of the largest off-price apparel and home fashion chains in the United States—with 1,384 locations. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions.

Check back later for our full analysis on Ross Stores’ earnings report!

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http://so-l.ru/news/y/2017_11_17_ross_stores_rost_stock_climbs_on_q3_ea Fri, 17 Nov 2017 01:28:00 +0300
<![CDATA[Ross Stores +6.2% as 8% sales gain paces Q3 beat]]> http://so-l.ru/news/y/2017_11_17_ross_stores_6_2_as_8_sales_gain_paces Fri, 17 Nov 2017 00:09:03 +0300 <![CDATA[Ross Stores Q3 rev. $3.33 billion vs. expectations $3.26 billion]]> ]]> http://so-l.ru/news/y/2017_11_17_ross_stores_q3_rev_3_33_billion_vs_ex Fri, 17 Nov 2017 00:05:49 +0300 <![CDATA[Ross Stores Q3 EPS 72 cents vs. expectations 66 cents]]> ]]> http://so-l.ru/news/y/2017_11_17_ross_stores_q3_eps_72_cents_vs_expectat Fri, 17 Nov 2017 00:04:22 +0300 <![CDATA[Ross Stores shares up 6.5% after earnings]]> ]]> http://so-l.ru/news/y/2017_11_17_ross_stores_shares_up_6_5_after_earning Fri, 17 Nov 2017 00:02:14 +0300 <![CDATA[Walmart (WMT) Stock Gains on Solid Q3 Earnings & Raised View]]> Supermarket giant, Wal-Mart Stores, Inc. WMT posted third-quarter fiscal 2018 results, wherein both earnings and revenues improved year over year and exceeded the Zacks Consensus Estimate. Notably, this marked Walmart’s ninth consecutive quarter of positive earnings surprise. The splendid quarter also encouraged management to raise earnings outlook for fiscal 2018.

Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
 

Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote

Clearly, these factors boosted investors’ sentiment as this Zacks Rank #3 (Hold) stock is up more than 4% in the pre-market trading session. Moreover, the company’s robust past performance and solid endeavors to augment its e-commerce business have helped its shares rally 32.6% year to date, beating the industry’s 22.5% growth.





 

Quarter in Detail

Walmart’s adjusted earnings of $1.00 per share came ahead of the Zacks Consensus Estimate of 97 cents and grew 2% from 98 cents reported in the year-ago period. Earnings also exceeded the higher end of the guided range of 90 - 98 cents per share.

Total revenues came in at $123.2 billion (including membership and other income) that advanced 4.2% year over year and surpassed the Zacks Consensus Estimate of $121.1 billion. The upside was driven by strength at all three businesses. On a currency-neutral basis, total revenues advanced 3.8% to $122.7 billion.

Total revenues comprised net sales of $122.1 billion (up 4.2% from the year-ago quarter) and membership and other income of more than $1 billion (up 4% year over year).

Operating income declined 6.9% to $4.76 billion, while the operating income margin contracted 40 basis points to 3.9%. On a constant currency basis, operating income declined 8.1% to $4.7 billion.

Segment Details

Walmart U.S.: The segment posted net sales growth of 4.3% to $77.7 billion in the reported quarter. U.S. comparable-store sales (comps), excluding fuel jumped 2.7%, compared with 1.2% growth in the prior-year quarter. Notably, this was the 13th consecutive quarter of positive comps. While comp traffic improved 1.5%, average ticket inched up 1.2% in the quarter. Moreover, e-commerce sales positively impacted comp sales at Walmart U.S. by 80 bps.

Well, the e-commerce growth at Walmart U.S. was manly driven by Walmart.com, with net sales and GMV up 50% and 54%, respectively. Operating income at the segment inched up by 0.8% to over $4 billion.

Walmart International: Segment net sales went up by 4.1% to $29.5 billion. On a currency-neutral basis, net sales improved 2.5% to $29.1 billion. However, operating income declined 7.8% to $1.2 billion. On a constant currency basis, it slumped 12.2%.

Sam’s Club: The segment, which comprises membership warehouse clubs, posted net sales growth of 4.4% to $14.9 billion. Sam’s Club comps, excluding fuel, rose 2.8% compared with 1.4% growth in the prior-year quarter. Notably 10 out 11 markets recorded positive comps, which included the company’s biggest markets.

Comp traffic grew 3.6%, while ticket dipped 0.8%. E-commerce sales positively impacted comps by approximately 80 basis points in the quarter. Operating income at Sam’s Club jumped 12.9% to $447 million.

Other Financial Updates

Walmart ended the quarter with cash and cash equivalents of roughly $7 billion, long-term debt of $34.2 billion, long-term capital lease and financing obligations of $6.7 billion and shareholders’ equity of $78.9 billion.

In the first nine months of fiscal 2018, Walmart generated cash flow from operations of $17.1 billion and incurred capital expenditures of $6.9 billion, resulting in free cash flow of $10.2 billion.

Walmart paid $1.5 billion in dividends during the quarter. The company repurchased about 27 million shares worth $2.2 billion under its $20 billion authorization announced in October 2015. Further, management stated that from Nov 20, it will make buybacks under its October 2017 authorization of $20 billion.

Guidance

4Q18

Walmart expects both U.S. comps (excluding fuel) and Sam’s Club comps (excluding fuel) to increase in a range of 1.5-2.0% for the 13-week period ending Jan 26, 2018.

Fiscal 2018

The company raised its bottom-line view for fiscal 2018 and now envisions adjusted earnings in the range of $4.38-$4.46 per share, as compared with the prior expectation of $4.30-$4.40. GAAP earnings are expected to range from $3.84-$3.92 per share.

Looking for Promising Stocks? Check These Trending Picks

Big Lots, Inc. BIG, with a long-term earnings growth rate of 13.5% carries a Zacks Rank #2 (Buy).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Dollar General Corporation DG carrying a Zacks Rank #2 has an impressive long-term earnings growth rate of 11.3%.

Ross Stores, Inc. ROST delivered an average positive earnings surprise of 6.3% in the trailing four quarters and has a long-term earnings growth rate of 10%. The company carries the same Zacks Rank as Big Lots and Dollar General.

Zacks’ Best Private Investment Ideas

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http://so-l.ru/news/y/2017_11_16_walmart_wmt_stock_gains_on_solid_q3_ea Thu, 16 Nov 2017 17:35:00 +0300
<![CDATA[Children's Place (PLCE) Q3 Earnings & Sales Beat Estimates]]> The Children’s Place, Inc. PLCE continued with upbeat performance in fiscal 2017 as it posted third-quarter results and also provided an encouraging outlook.

As a result, shares of the company rose 5.9% in the trading session on Nov 15. Year to date, this Zacks Rank #3 (Hold) stock has been up 19.6% comfortably outperforming the industry’s decline of 19.4%.

In the reported quarter, this pure-play children’s specialty apparel retailer posted adjusted earnings of $2.58 per share outpacing the Zacks Consensus Estimate of $2.46 and surged 12.7% from the year-ago period. Higher sales, margin expansion and share repurchase activity drove the bottom line.

 

 

Net sales came in at $490 million, up 3.4% year over year and also surpassed the Zacks Consensus Estimate of $477 million. Comparable store sales (comps) rose 5.1% in the quarter compared with 4.6% growth registered in the year-ago period. Notably, this was the eighth straight quarter of comps growth. Though U.S. comp grew 5.9%, Canada comp declined 1.2%.

Adjusted gross profit increased 4.1% to $202.4 million while adjusted gross margin improved 30 basis points to 41.3% on account of improved merchandise margin. Adjusted operating income rose 9.5% to $68.4 million while operating margin expanded 80 basis points to 14%.

Children's Place, Inc. (The) Price, Consensus and EPS Surprise

 

Children's Place, Inc. (The) Price, Consensus and EPS Surprise | Children's Place, Inc. (The) Quote

Store Update

In the quarter under review, Children’s Place opened one outlet but did not shutter any stores bringing the total count to 1,027 stores. Since the announcement of fleet optimization strategy in 2013, the company had closed 156 stores.

During fiscal 2017, the company plans to open two and shutter approximately 25-30 stores.

Per Children’s Place, its international franchise partners opened 10 points of distribution and closed three. At the end of the quarter, there were 168 international points of distribution operated by seven franchise partners in 19 countries. The company believes that there is ample opportunity to take the count to more than 300 points of distribution by the end of 2020.

Gill Capital, the company’s new franchise partner, will open five stores in Indonesia on November 18 with plans to open 25 outlets over a period.

Other Financial Aspects

Children’s Place ended the quarter with cash and cash equivalents of $257.7 million, revolving loan of $56.4 million and shareholders’ equity of $510.5 million. For fiscal 2017, the company projects capital expenditures of approximately $65 million.

Furthermore, the company bought back shares worth roughly $28 million and paid quarterly dividend of approximately $7 million. Since 2009, Children’s Place has returned more than $863 million via share repurchases and dividends.

Encouraging View

Management now envisions fiscal 2017 adjusted earnings in the range of $7.46-$7.51, up from $7.23 to $7.33 per share, projected earlier. For the fourth quarter, earnings are expected to come within the range of $2.07-$2.12 per share.

Net sales are expected to be in the band of $1.835-$1.845 billion, including the 53rd week during fiscal 2017. It forecasts low-single digit increase in comparable retail sales for the final quarter.

Looking for More? Check These 3 Trending Retail Stocks

Big Lots, Inc. BIG delivered an average positive earnings surprise of 81.1% in the trailing four quarters. The company has a long-term earnings growth rate of 13.5% and carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Dollar Tree, Inc. DLTR has a long-term earnings growth rate of 13.2% and carries a Zacks Rank #2.

Ross Stores, Inc. ROST pulled off an average positive earnings surprise of 6.3% in the trailing four quarters. It has a long-term earnings growth rate of 10% and carries a Zacks Rank #2.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

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Children's Place, Inc. (The) (PLCE): Free Stock Analysis Report
 
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Big Lots, Inc. (BIG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_16_children_s_place_plce_q3_earnings_sa Thu, 16 Nov 2017 17:04:00 +0300
<![CDATA[Ross Stores declares $0.16 dividend]]> http://so-l.ru/news/y/2017_08_17_ross_stores_declares_0_16_dividend Thu, 16 Nov 2017 02:02:51 +0300 <![CDATA[Target (TGT) Falls Despite Q3 Earnings Beat: Here's Why]]> Target Corporation TGT continued with its upbeat performance in fiscal 2017 as reflected from its better-than-expected third-quarter results. The company’s strategic endeavors, turnaround plan as well as improved traffic trends remain the driving factors. These helped this Zacks Rank #3 (Hold) stock to gain 10.1% in the past six months compared with the industry’s growth of 3.1%.

Despite reporting positive earnings surprise during the quarter, shares of this Minneapolis-based company are down roughly 4% in the pre-market trading hours. This is because the year-over-year decline in the bottom line and management’s commentary about highly competitive environment in the fourth quarter was not well perceived by investors. Further, the company’s not so encouraging outlook for the final quarter also hurt investors' sentiments.

 

 

Let’s Unveil the Picture

The company posted third-quarter adjusted earnings of 91 cents a share that outpaced the Zacks Consensus Estimate of 86 cents but declined 13.1% from the prior-year period. We observed that rise in cost of sales, increased SG&A expenses and higher interest expense hurt the bottom line.

The company generated total sales of $16,667 million that also surpassed the Zacks Consensus Estimate of $16,613 million and rose 1.4% from the year-ago quarter.

Target’s initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores and cost reduction are encouraging. In a bid to stimulate its digital sales this holiday season, Target is also strengthening its relationship with Google by allowing customers nationwide to shop through Google Express including voice-activated shopping.

The company also rolled out Target Restock program that allows customers to restock their shipping box with essential items online and get them delivered at door steps by the next business day for a nominal charge. These endeavors are important due to changing retail landscape that encompasses increasing online penetration and aggressive pricing that may hurt sales and margins.

Notably, comparable sales for the quarter increased 0.9% compared to a 0.2% decline witnessed in the year-ago period. While the number of transactions rose 1.4%, the average transaction amount declined 0.5%. Comparable digital channel sales surged 24% and added 0.8 percentage points to comparable sales.

Gross profit grew 1% to $4,955 million while gross margin contracted 10 basis points to 29.7%. Operating income plummeted 17.8% to $869 million, while operating margin shriveled 120 basis points to 5.2%.

Target’s debit and credit card penetration remained flat at 12.9% and 11.4%, respectively. Total REDcard penetration climbed to 24.2% from 24.3% in the year-ago quarter.

Target Corporation Price, Consensus and EPS Surprise

 

Target Corporation Price, Consensus and EPS Surprise | Target Corporation Quote

Other Financial Details

During the quarter, Target repurchased shares worth $171 million and paid dividends of $339 million. The company still had about $4 billion remaining under its $5 billion share buyback program.

The company ended the quarter with cash and cash equivalents of $2,725 million, long-term debt and other borrowings of $11,277 million and shareholders’ investment of $11,137 million.

A Glance at the Outlook

Management now anticipates fourth-quarter comparable sales to be flat to up 2%. The company expects fiscal 2017 comparable sales to be flat to up 1%.

Target now envisions fourth-quarter earnings in the band of $1.05-$1.25 and fiscal 2017 earnings between $4.40 and $4.60 up from $4.34 and $4.54 per share, projected earlier. The current Zacks Consensus Estimate for the fourth quarter and fiscal 2017 stands at $1.27 and $4.53, respectively.

Interested in the Retail Space? Check Out These

Big Lots, Inc. BIG delivered an average positive earnings surprise of 81.1% in the trailing four quarters. The company has a long-term earnings growth rate of 13.5% and carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Dollar Tree, Inc. DLTR has a long-term earnings growth rate of 13.2% and carries a Zacks Rank #2.

Ross Stores, Inc. ROST pulled off an average positive earnings surprise of 6.3% in the trailing four quarters. It has a long-term earnings growth rate of 10% and carries a Zacks Rank #2.

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Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
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Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
Big Lots, Inc. (BIG): Free Stock Analysis Report
 
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http://so-l.ru/news/y/2017_11_15_target_tgt_falls_despite_q3_earnings_b Wed, 15 Nov 2017 17:43:00 +0300