Ross Stores http://so-l.ru/tags/show/ross_stores Sat, 24 Feb 2018 05:37:50 +0300 <![CDATA[Foot Locker Unveils Capital Spending Plan Before Q4 Earnings]]> Just few days to go for its fourth-quarter fiscal 2017 earnings release, and Foot Locker, Inc. FL has already played smart. This New York-based company, which is slated to announce financial results on Mar 2, unveiled a capital allocation plan and rewarded shareholders with a hike of 11% in quarterly dividend to 34.5 cents.

Foot Locker revealed a capital expenditure program of $230 million for 2018. The company plans to spend the capital strategically with primary focus being on developing digital competencies and supply chain. The company’s digital endeavors comprise improvement of mobile and web platforms, implementation of new point-of-sale software worldwide, and expansion of data analytics capabilities.

Apart from these, this Zacks Rank #2 (Buy) company plans to spend a major portion of the capital on its fleet of stores, including revamping and remodeling of the same. Further, it is exploring off-mall retail formats opportunities and executing shop-in-shop spaces in collaboration with vendors.

In the recent past, Foot Locker made a strategic investment in Carbon38. Following, the $15 million Series A funding, the retailer of athletic shoes and apparel has taken a minority stake in the world’s major women's luxury active apparel firm.

The company is certainly trying to improve performance through operational and financial initiatives. Management believes that by continually capitalizing on opportunities like kids’ and women’s business, shop-in-shop expansion in partnership with its vendors, store banner.com business, store refurbishment and enhancement of assortments, is likely to benefit the company in the long run. The company is focusing on augmenting e-commerce platform, growing direct-to-consumer operations and tapping underpenetrated markets.

Shares of the company have surged a whopping 45.2% in the past six months, considerably outperforming the industry’s growth of 35.7%.



Looking for More High Performance Stocks

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zumiez Inc. ZUMZ delivered an average positive earnings surprise of 22.2% in the trailing four quarters. It has a long-term earnings growth rate of 18% and a Zacks Rank #2.

Ross Stores, Inc. ROST delivered 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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G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_21_foot_locker_unveils_capital_spending_pla Wed, 21 Feb 2018 17:42:00 +0300
<![CDATA[Why COST, ROST, DLTR Are Likely to Trump Earnings Estimates]]> While most sectors are in the last leg of the earnings season, the main show is left for the Retail-Wholesale sector, which occupies the top 13% (2 out of 16) position in the list of Zacks sectors. Per the report, the sector is expected to record top and bottom-line growth of 9% and 7.3%, respectively, this earnings season.

Gradual wage acceleration, a 17-year low unemployment rate and rising consumer sentiment are working in tandem for the sector. Additionally, the recent cut in corporate tax rate will allow retailers to channelize the surplus money toward best possible alternatives.

Further, an individual tax cut would pave way for higher disposable income, which may trigger demand for discretionary items. For obvious reasons, retailers are the end gainers.

Certainly, the sector has borne the brunt of heightened online competition, lower footfall and changing consumer spending patterns but retailers have left no stone unturned to rapidly adapt to the changing retail landscape. Rise in online shopping prompted retailers to rapidly adopt the omni-channel mantra to provide a seamless shopping experience, whether online or in-stores.

Our today’s article revolves around three discount store retailers — Costco COST, Dollar Tree DLTR, Ross Stores ROST. We note that the retail-discount industry, which occupies the top 9% (22 out of the 256) position, has rallied approximately 25.2% in six months comfortably outperforming the S&P 500’s growth of roughly 12.7%.

So, let’s find out what’s special about these three discount retailers.

These three discounters are likely to trump estimates, given a favorable combination of positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that for stocks with such combination, the chance of a positive earnings surprise is as high as 70%.

Moreover, these stocks also look well poised to register year-over-year growth in both top and bottom lines. You can see the complete list of today’s Zacks #1 Rank stocks here.

Let’s analyze them.

Which Factors Hold Key to Costco’s Performance?

Costco, the operator of membership warehouses, is scheduled to come up with second-quarter fiscal 2018 financial results on Mar 7. The Zacks Consensus Estimate for the quarter is pegged at $1.45, reflecting year-over-year increase of roughly 24%. Analysts polled by Zacks expect revenue of $32.7 billion, up about 10% from the prior-year quarter.

Moreover, the stock holds a favorable combination of Zacks Rank #3 and an Earnings ESP of +4.61%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Costco seems somewhat unfazed by tough retail scenario. The company’s growth strategies, sturdy comparable-store sales performance, strong membership trends and higher penetration of Citi Visa co-brand card program are the pillars that reinforce its position.

The company’s strategy to sell products at heavily discounted prices has helped it to remain on growth track. We are also encouraged by the company’s expansion strategy, as it remains committed to opening new clubs and expanding e-commerce capabilities.

What Will Drive Dollar Tree’s Results?

Dollar Tree, which is expected to report fourth-quarter fiscal 2017 results on Mar 7, is a solid bet. The Zacks Consensus Estimate for the quarter is pegged at $1.89, reflecting an increase of approximately 36%. Revenue is expected to come in at $6,393 million, up 13.5% from the year-ago period. This operator of discount variety stores has a Zacks Rank #2 and an Earnings ESP of +1.95%.

Dollar Tree has been somewhat resilient to competitive retail environment, as evident from its robust surprise trend accompanied by strong comparable store sales and improved margins. Further, the company is benefiting from the integration of Family Dollar. The company is also concentrating on expanding its store base, including remodeling and relocations and incorporating technological advancements.

Why Ross May Trump Estimates?

Ross Stores, an off-price retailer of apparel and home accessories, is expected to announce fourth-quarter fiscal 2017 numbers on Mar 6. The stock has a Zacks Rank #2 and an Earnings ESP of +1.37%. The Zacks Consensus Estimate for the quarter is at 93 cents, reflecting an increase of 20.8% year over year. Revenue is expected to come in at $3,953 million, up 12.6% from the year-ago period.

Ross Stores commitment toward better price management, merchandise, cost containment and store expansion plan have been aiding its quarterly performance. The company’s proven off-price business model along with competitive bargains continues to make its stores an attractive destination for customers.

Additionally, the company has been committed toward improving merchandise assortments in the ladies’ apparel business in order to boost the top line. These factors collectively underscore the company’s solid potential.

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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_21_why_cost_rost_dltr_are_likely_to_trump Wed, 21 Feb 2018 01:28:00 +0300
<![CDATA[Boston Beer's (SAM) Q4 Earnings to Gain From Growth Plan]]> We expect The Boston Beer Company, Inc. SAM to beat expectations when it reports fourth-quarter 2017 results on Feb 21. In the preceding quarter, this producer and seller of alcohol beverages delivered a positive earnings surprise of 51.1%.

A look at the company’s earnings trend shows that Boston Beer has delivered a positive earnings surprise in the trailing four quarters, with an average beat of 63.4%. Unsurprisingly, investors are keeping their fingers crossed and hoping that Boston Beer surpasses earnings estimate.

Which Way are Estimates Treading?

In order to get a clear picture of what analysts are thinking about the company right before earnings release, let’s have a look at the earnings estimate revisions. The Zacks Consensus Estimate of 94 cents per share for the fourth quarter has remained stable over the last 30 days. However, the estimate reflects a decline of about 46.3% from $1.75 per share earned in the year-ago quarter.

 

 

Analysts polled by Zacks expect fourth-quarter revenues to be $208.2 million, down 5.1% year over year.

Factors at Play

Boston Beer is banking on its three-point growth-plan focused on the revival of Samuel Adams and Angry Orchard brands, cost-saving initiatives and long-term innovation to lift performance. The company's focus on pricing, packaging and product innovation, along with brand development, are also likely to boost its operational performance and market position.

Moreover, the company’s brand-building efforts and initiatives to add new products remain key revenue drivers. Boston Beer strongly believes in reinvesting its profits toward capital expenditures than distributing the same to shareholders. The company has always been seeking strategic opportunities to expand its business through inorganic means, which, we believe, will certainly help it capture considerable market share from rivals.

Given the sturdy results in the preceding quarter, the company raised the lower-end of its previously stated earnings guidance range for fourth-quarter 2017. Boston Beer now anticipates its adjusted earnings per share in the band of $5.60 to $6.20, compared with $5.00 to $6.20 projected earlier.

These factors led the company’s shares to surge 13.7% in the last three months, outperforming the industry’s growth of 0.8%.

 


 

However, soft depletion trends have been a cause of worry for Boston Beer for quite some time now. This softness in depletion volumes mainly stems from the weakness in Samuel Adams and Angry Orchard brands as well as the soft craft beer and cider categories. Additionally, persistent challenges related to a competitive retail backdrop can’t be ignored. Per the company, depletion trends are likely to be soft throughout 2017.

What Does the Zacks Model Suggest?

Our proven model shows that Boston Beer is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Earnings ESP of +29.18% and the company’s Zacks Rank #1 make us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks With Favorable Combination

Here are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:

Ross Stores Inc. ROST has an Earnings ESP of +1.37% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Macy’s, Inc. M has an Earnings ESP of +0.92% and a Zacks Rank #2.

TJX Companies Inc. TJX has an Earnings ESP of +2.12% and a Zacks Rank #2.

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Macy's Inc (M): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_19_boston_beer_s_sam_q4_earnings_to_gain Mon, 19 Feb 2018 16:17:00 +0300
<![CDATA[Dillard's (DDS) Likely to Repeat Solid Earnings Show in Q4]]> We expect Dillard’s, Inc. DDS to beat expectations, when it reports fourth-quarter fiscal 2017 results on Feb 20. In the last quarter, this leading departmental store retailer delivered a positive earnings surprise of 115.8%.

However, a look at the company’s earnings trend shows that Dillard’s has lagged the Zacks Consensus Estimate in six of the last 10 quarters. Consequently, the company has recorded an average negative surprise of 68.6% in the last four quarters. Let’s see how things are shaping up ahead of the upcoming release.

Which Way Are Estimates Treading?

In order to get a clear picture of what analysts are thinking about the company right before earnings release, let’s have a look at the earnings estimate revisions. The Zacks Consensus Estimate of $1.73 per share for the fiscal fourth quarter has witnessed an uptrend in the last 30 days. However, the estimate reflects a decline of about 6.5% from $1.85 per share earned in the year-ago quarter.

Dillard's, Inc. Price, Consensus and EPS Surprise

 

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

 

Analysts polled by Zacks also expect revenues of $2.04 billion, up 2.9% from the prior-year quarter’s figure.

Factors at Play

Dillard’s appears to be in good shape on the back of its strategic initiatives that aided performance in the last reported quarter. We are encouraged by its constant efforts to capitalize on growth opportunities in its brick-and-mortar stores and e-commerce business. The company continues to gain from its niche market position, offering a broad array of merchandise in its stores, featuring products from both national and exclusive brands.

Moreover, the company’s strategy of offering fashion-forward and trendy products acts as a catalyst for attracting more customers. Dillard’s focus on increasing productivity and enhancing domestic operations are likely to strengthen customer base. Its constant shareholder-friendly moves are also noteworthy.

The benefits from these factors are well reflected in the company’s share price that rose 19.5% in the past year, outperforming the industry’s growth of 5.5%.

 


 

However, increased markdowns to manage inventories have been denting the company’s margins for a while now. Additionally, Dillard’s has been plagued by the challenging trends in the apparel retail segment, arising out of the changing preference of customers from offline to online.

What the Zacks Model Unveils

Our proven model shows that Dillard’s is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Earnings ESP of +15.83% and the company’s Zacks Rank #1 make us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks With Favorable Combination

Here are some other companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:

Ross Stores Inc. ROST has an Earnings ESP of +1.37% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Macy’s, Inc. M has an Earnings ESP of +0.92% and a Zacks Rank #2.

TJX Companies Inc. TJX has an Earnings ESP of +2.12% and a Zacks Rank #2.

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Macy's Inc (M): Free Stock Analysis Report
 
Dillard's, Inc. (DDS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_19_dillard_s_dds_likely_to_repeat_solid_e Mon, 19 Feb 2018 16:10:00 +0300
<![CDATA[Trending Stock & ETF Gift Ideas for Your Valentine]]> Over time by, Valentine’s Day has become not just a special day for lovers, but a day for business too. Exchanging chocolates, precious metals and gifts to shower affection in turn brings a lot of business opportunities. 

This year, cupid struck Americans quite successfully if we go by data provided by the National Retail Federation (NRF). American spending on this Valentine’s Day is expected to rise 7.7% to $19.6 billion, marking the second-highest level in the survey’s 15-year history but a tad short of $19.7 billion recorded in 2016. U.S. consumers are likely to spend an average $143.56, higher than last year’s record-high of $136.57.

So, it’s natural that people will start searching for innovative gift ideas for the event. In this regard, below we describe ETFs and stocks that should be admired this Valentine’s Day.

Go for Candies Now and Cocoa ETFs With a Strong Stomach

A big share of Valentine’s Day spending is on candies, teddies, flowers, wine and champagne. As per the National Retail Federation, around 55% of people plan to spend on candies or chocolates, up from 50% last year. Candy makers will draw around $1.8 billion this year.

However, this year, cocoa – the key ingredient of chocolate – is a boring bet from an investing point of view. However, as per Reuters, cocoa prices should gain strength by the end of the year, improving after two successive annual declines. Constricting supplies are the reason behind this bet. So, you can buy your valentine cocoa ETF iPath Pure Beta Cocoa ETN CHOC with a long-term focus.

In the United States – the biggest chocolate market globally – retail sales growth of chocolate candy improved at moderate pace (up 3.2% in 2017 on an annualized level). So, one can go for the final product candy and bet on confectionary products maker The Hershey Company HSY.

Leisure and Entertainment Stocks and ETFs Good Bet

As many as 35.2% of the population spends on an evening out. And dining out means splurging on food and drinks and going to some exotic restaurants. The whiskey and spirits sector, a niche within the consumer discretionary space, could thus gain ahead, leaving Spirited Funds/ETFMG Whiskey&Spirits ETF WSKY and Ambev S.A. ABEV as good picks. The stock belongs to a top-ranked Zacks industry (top 29%).

Some hotels including Marriott International MAR and Hyatt Hotels Corporation H also come under the spotlight. The stocks represent a top-ranked Zacks industry (top 40%). If you consider restaurants, one can target the likes of Darden Restaurants Inc. DRI, Del Frisco's Restaurant Group Inc. DFRG and Ruth's Hospitality Group Inc. RUTH. These stocks are all placed within the top-ranked Zacks industry (top 29%).

Precious Metals to Dazzle

As much as $4.7 billion is likely to be spent on jewelry (around 19% of total expenditure and up 9.3% year over year). With diamonds or platinum ornaments or cufflinks to take the spotlight as V-Day gifts, gold bullion ETF SPDR Gold Shares GLD could shine especially after the latest market selloffs. Traders may turn to ETFS Physical Platinum PPLT and iShares Silver Trust SLV (read: Must-Follow ETF Moves as Finally Selloffs Set In).

If precious metals stay subdued on economic reasons, then investors can easily try Tiffany & Co. TIF. Tiffany & Co. retails fine jewelry as well as other branded merchandise.

Discount Retailer to Save the Event

As per NRF, 35% of consumers plan to shop at department stores while 32% do it at discount stores and 29% target online shopping. As a result, discount retailers like Dollar Tree Inc. DLTR and Ross Stores Inc. ROST can be nice bets for the occasion. Both belong to a top-ranked Zacks industry (top 14%). With these, VanEck Vectors Retail ETF RTH and SPDR S&P Retail ETF XRT emerge as good V-Day ETF gifts.

And who can forget online retail ETF – the most important medium of shopping? In-store purchases have been hitting the brakes lately with surging demand for technologies. This makes Amplify Online Retail ETF IBUY an intriguing ETF deal for Valentine’s Day (read: Holiday Sales At 6-Year High: Best Consumer ETFs & Stocks).

Florists & Gift Shops Will See a Rosy Valentine Day

As much as 36% of spending (worth $2 billion) will be on flowers, giving companies like 1-800 Flowers.Com Inc. FLWS) a nudge-up. This renowned e-commerce provider of floral products and gifts comes from a top-rated sector (top 6%). About 15% spending will go to gift cards while 46% outlays would be cashed in on by greetings cards. CSS Industries Inc. CSS, which is involved in the manufacture and sale of social expression products.

Semiconductor ETFs to Benefit

Over half of the participants intend to use their smartphones to make Valentine's Day purchases. About 36.9% intend to use them for researching products and comparing prices. About 44.7% will use their tablets. All in all, heavy usage of gadgets point to a rise in semiconductor ETFs like iShares PHLX Semiconductor ETF SOXX (read: Will Chip ETFs Continue Their Hot Streak as Q4 Unfolds?).

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ISHARS-PHLX SEM (SOXX): ETF Research Reports
 
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AMPL-ONLN RETL (IBUY): ETF Research Reports
 
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Hershey Company (The) (HSY): Free Stock Analysis Report
 
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Hyatt Hotels Corporation (H): Free Stock Analysis Report
 
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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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]]>
http://so-l.ru/news/y/2018_02_14_trending_stock_etf_gift_ideas_for_your Wed, 14 Feb 2018 20:40:00 +0300
<![CDATA[Skechers' (SKX) Q4 Earnings & Revenues Beat Help Lift Stock]]> Skechers USA Inc. SKX delivered positive earnings surprise in the final quarter of 2017, marking the second successive beat. This Manhattan Beach, CA-based company recorded quarterly earnings of 21 cents a share that beat the Zacks Consensus Estimate of 13 cents, and increased significantly from 4 cents reported in the year-ago period buoyed by improved top-line performance.

The company reported net sales of $970.6 million that surged 27% from the year-ago quarter and also came ahead of the Zacks Consensus Estimate of $879.1 million for the fifth straight quarter.

We also note that both the top and bottom lines comfortably surpassed management’s guidance of $860-$885 million and 9-14 cents a share, respectively. Following the company’s sturdy performance, shares of this designer, marketer and distributor of footwear rose 3.2% during after-market trading hours yesterday. We note that the stock has increased 37.5% in a year compared with the industry’s growth of 12.9%.

Sales for the quarter mainly gained from healthy performances at the international wholesale business, company-owned global retail business and domestic wholesale business. Skechers witnessed robust holiday season on account of higher demand for innovative lighted children’s footwear and comfortable adult styles. The quarterly results were favorably impacted by $20-$25 million of shipments originally planned for the first quarter.



Skechers’ domestic e-commerce business contributed to sales growth in the quarter, registering an increase of 28.2%. The company currently operates e-commerce sites in Chile, Germany, UK, Spain and Canada.

Gross profit for the reported quarter grew 27.5% to $454.1 million, while gross margin expanded 20 basis points (bps) to 46.8%. Operating income came in at $55.7 million that nearly doubled from the prior-year quarter, while operating margin increased 200 bps to 5.7%.

Management now projects first-quarter 2018 net sales in the band of $1,175-$1,200 million compared with $1,072.8 million reported in the prior-year quarter. Additionally, the company anticipates earnings per share in the range of 70-75 cents compared with 60 cents delivered in the year-ago period. The current Zacks Consensus Estimate for the quarter is pegged at 81 cents.

Skechers U.S.A., Inc. Price, Consensus and EPS Surprise

 

Skechers U.S.A., Inc. Price, Consensus and EPS Surprise | Skechers U.S.A., Inc. Quote


Segmental Sales Synopsis

The domestic wholesale revenues rose 11.6% year over year. The company shipped 13.9% more pairs compared with the prior-year period. However, average price per pair declined 2%.

Skechers’ international wholesale business revenues, which constituted 41.5% of total sales, advanced 40.2% on the back of a 53.6% rise in wholly-owned subsidiary and joint venture (JV) businesses and 3.1% growth in distributor business. The company’s JV business registered growth of 58.9% for the quarter.

On a combined basis, global company-owned retail business sales grew 25.8% driven by higher store count and comps growth of 12%. Domestic retail sales rose 15.2%, while International retail sales surged 53.5%. Comps increased 10.5% at domestic retail stores and 16.5% at international retail stores.

Store Update

Skechers operated 645 company-owned retail outlets globally, comprising 196 international locations at the end of the quarter. During the quarter, the company opened 22 stores. Looking ahead, the company anticipates opening additional 75-85 company-owned SKECHERS stores and remodel or relocate 15-25 existing stores.

During the quarter, 146 third-party owned stores were opened, including 74 in China, 22 in India, seven in Indonesia, five each in Australia, Singapore, Thailand and Turkey, three in Spain, two each in France, Malaysia and Portugal and one each in Brazil, Denmark, Estonia, Hong Kong, Lebanon, New Zealand, Paraguay, Philippines, St. Lucia, Switzerland, Ukraine and UAE.

So far in the first quarter, the company has opened 12 third-party owned stores with plans to open another 500-525 third-party owned SKECHERS branded stores to in 2018.

Other Financial Aspects

Skechers ended the quarter with cash and cash equivalents of $736.4 million (up $17.9 million from the year-ago quarter), long-term borrowings (net of current installments) of $71.1 million, and shareholders’ equity of $1,829.1 million, excluding non-controlling interest of $119.1 million.

In February this year, the Board of Directors authorized a share buyback program of $150 million to be utilized by Feb 8, 2021.

Capital expenditures incurred during the quarter were $33.2 million on store openings, remodels along with corporate office and showroom upgrades. Management now envisions capital expenditures of about $45-$50 million for 2018, reflecting planned opening of stores, corporate upgrades and store remodeling projects.

Although Skechers currently carries a Zacks Rank #3 (Hold), it is subject to revision given the fourth-quarter performance.

Looking for High Performance Stocks

Zumiez Inc. ZUMZ delivered an average positive earnings surprise of 22.2% in the trailing four quarters. It has a long-term earnings growth rate of 18% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% and a Zacks Rank #1.

Ross Stores, Inc. ROST delivered 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 (Buy).

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See Zacks' 3 Best Stocks to Play This Trend >>


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Zumiez Inc. (ZUMZ): Free Stock Analysis Report
 
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Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report
 
G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_09_skechers_skx_q4_earnings_revenues_b Fri, 09 Feb 2018 16:19:00 +0300
<![CDATA[Hanesbrands (HBI) Q4 Earnings Miss Estimates, Stock Down]]> After reporting in-line earnings in the preceding two quarters, Hanesbrands Inc. HBI succumbed to a negative earnings surprise in the fourth quarter of 2017. The company, which entered into a deal to acquire specialty intimate apparel seller Bras N Things, posted adjusted earnings of 52 cents a share that missed the Zacks Consensus Estimate by a penny.

Moreover, earnings fell roughly 1.9% from the year-ago period. Even an increase in top line failed to act as a savior. We noted that higher cost of sales and SG&A expenses as well as increased interest expense hurt the bottom line. Also, management provided a bleak outlook, which weighed upon investors’ sentiment.

Evidently, shares of Hanesbrands are down roughly 7% during pre-market trading hours. In the past six months, this Zacks Rank #4 (Sell) stock has declined 9.7% against the industry’s growth of 14.3%.

Including tax charge related to U.S. federal income tax reform, the company reported loss of $1.06 per share compared with earnings of 41 cents.

Hanesbrands Inc. Price, Consensus and EPS Surprise

 

Hanesbrands Inc. Price, Consensus and EPS Surprise | Hanesbrands Inc. Quote


Net sales of $1,645.2 million climbed 4.4% from the year-ago period, and also came ahead of the Zacks Consensus Estimate of $1,631 million, after missing the same in the preceding quarter. The year-over-year upside was backed by growth across all segments.

Notably, the quarter witnessed a rise of 3% in organic sales, following an increase of 1% in the previous quarter. Global activewear organic sales jumped 7%, with global Champion sales up 15%. Global innerwear organic sales rose 2%. The company’s online sales also remained strong in the quarter, surging 22%. Notably, online sales formed about 11% of the company’s total sales.

Hanesbrands' adjusted gross profit improved 5.7% to $659.6 million on the back of higher sales. Adjusted gross margin expanded 50 basis points (bps) to 40.1%. However, adjusted operating profit slipped 7.7% to $231.3 million in the reported quarter, with the operating margin contracting 180 bps to 14.1%. This stemmed from escalated SG&A costs (also as a percentage of sales).

Management hinted that higher marketing investment and distribution expenses may impact operating margins in the first half but went on to add that distribution efficiencies and price actions will favorably impact the same in the second half.

Segment Details

Innerwear: Sales grew 0.8% in the quarter to $594.6 million buoyed by robust men’s and children’s underwear growth. Online channel sales surged 12%. Operating profit declined 6.4% to $120.1 million.

Activewear: Sales advanced 8.7% to $427.7 million, while organic sales rose 4%. Core Champion performance, comprising robust sales of the Champion Life line of products and reverse-weave fleece, and increased sports apparel sales positively impacted the segment. Alternative Apparel contributed $18 million in sales. Online channel sales surged 27% during the quarter. Operating profits jumped 1.5% to $65.5 million.

International: Sales for the segment improved 8% to $545.3 million, while organic sales in constant currency jumped 3%. New store openings and robust consumer demand at retail and online aided activewear and innerwear strength across the Americas, Asia, Europe and Australia. Notably, operating profit grew 7.7% to $76.2 million in the quarter.

Other: Sales declined 10.8% to roughly $77.6 million in the quarter. The segment posted an operating profit of $7.1 million, up 31.9% year over year.

Other Financial Details

Hanesbrands ended the quarter with cash and cash equivalents of $421.6 million, long-term debt of $3,702.1 million and equity of $686.2 million. Hanesbrands generated $655.7 million in net cash from operations for 2017, up from $605.6 million reported in the prior year. Management projects capital expenditure investment of approximately $90-$100 million for 2018.

In the final quarter, the company bought back about $100 million of shares at an average price of slightly more than $20 per share. During 2017, the company repurchased approximately 20 million shares of worth $400 million.

Guidance

Hanesbrands now projects net sales in the band of $6.72-$6.82 billion. Further, it now envisions adjusted earnings in the range of $1.72-$1.80 per share. The Zacks Consensus Estimate of $1.95 for 2018 is currently pegged higher than the projected range. The company’s GAAP EPS is now projected in the band of $1.54-$1.62. Net cash from operations is now anticipated to be in the band of $675-$750 million.

Organic sales growth for 2018 is now envisioned to be roughly 1% on a constant currency basis. Moreover, the company anticipates approximately $180 million in sales from the buyouts of Alternative Apparel and Bras N Things.

For the first quarter, management projects total net sales in a band of $1.42-$1.44 billion. Adjusted earnings per share are envisioned in a band of 23-25 cents, while GAAP earnings are projected to range from 17-20 cents. The Zacks Consensus Estimate for the quarter is currently pegged quite higher, at 30 cents. On a constant currency basis, organic growth is projected to decline less than 1% in the quarter.

Stocks to Consider

Zumiez Inc. ZUMZ delivered an average positive earnings surprise of 22.2% in the trailing four quarters. It has a long-term earnings growth rate of 18% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% and a Zacks Rank #2 (Buy).

Ross Stores, Inc. ROST delivered 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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To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_08_hanesbrands_hbi_q4_earnings_miss_estim Thu, 08 Feb 2018 18:33:00 +0300
<![CDATA[Central Garden & Pet (CENT) Q1 Earnings Beat, FY18 View Up]]> After posting a negative earnings surprise of 20% in the final quarter of fiscal 2017, Central Garden & Pet Company CENT commenced fiscal 2018 on a high note and provided an upbeat outlook. This California-based company delivered positive earnings surprise of 26.7% in the first quarter. Improved product offerings, strategic investments, growth in e-commerce and cost containment efforts worked collectively in favor of the company.

The producer and distributor of products for the lawn and garden and pet supplies markets delivered adjusted earnings of 19 cents a share that surpassed the Zacks Consensus Estimate of 15 cents. The quarterly earnings surged 58.3% from 12 cents reported in the year-ago period.

The top line continues to impress investors, beating the consensus estimate for fifth straight quarter. Net sales of $442 million came ahead of the Zacks Consensus Estimate of $434.3 million and grew 5.4% year over year. The increase in sales was primarily driven by buyouts. The company’s organic sales rose 1.1%.

Organic growth, value accretive acquisitions such as that of the pet bedding business and Segrest along with divestment of non-strategic assets bode well for the company. This has led this Zacks Rank #3 (Hold) stock to advance 10.5% in a year, against the industry’s decline of 14.1%.

Gross profit jumped 9.2% to $131.8 million, while gross margin expanded 100 basis points (bps) to 29.8% due to cost savings and favorable impact of buyouts. Central Garden & Pet reported adjusted operating income of $22.5 million, up 25.9% from the prior-year quarter, while adjusted operating margin increased 80 bps to 5.1% in the quarter under review on account of higher gross margin.

Central Garden & Pet Company Price, Consensus and EPS Surprise

 

Central Garden & Pet Company Price, Consensus and EPS Surprise | Central Garden & Pet Company Quote


Segment Details

The Pet segment’s net sales gained 6.9% year over year to $325.1 million on the back of Segrest and K&H acquisitions. Moreover, increase of 1.1% in Pet organic sales can be attributable to sturdy e-commerce channel, partly offset by reduced sales at certain pet specialty retailers. Sales across the segment’s branded product and other manufacturers’ products came in at $262.9 million and $62.2 million, reflecting an increase of 6.7% and 7.7%, respectively.

The segment’s operating income grew 8.3% year over year to $36.2 million, while operating margin expanded 10 bps to 11.1%.

Net sales at the Garden segment advanced 1.3% to $116.9 million gaining from controls and fertilizers category, offset by wild bird feed results. Sales across the segment’s branded product and other manufacturers’ products came in at $87 million and $29.9 million, reflecting an increase of 0.6% and 3.3%, respectively. Operating income came in at $2.3 million, marginally down from $2.7 million registered in the year-ago quarter, while operating margin shriveled 30 basis points to 2%. Excluding the sale of distribution facility, operating income jumped $1.7 million, while operating margin expanded 150 bps.

Financial Details

Central Garden & Pet ended the quarter with cash and cash equivalents of $283.5 million and long-term debt of $691 million, up from $6.6 million and $395 million, respectively, in the prior-year period. Shareholders’ equity at the end of the period was $661.9 million, excluding non-controlling interest of $62,000.

Net interest expense rose to $7.2 million during the quarter, up from $6.8 million in the prior-year period.

Management highlighted that higher debt and interest expense were due to the issuance of $300 million of fixed income securities in December 2017. A major portion of the proceeds is currently reflected in the cash balance.

The company incurred capital expenditure of $8 million during the quarter and expects the same to amount approximately $40 million for fiscal 2018. Moreover, the company still has $35 million available under its share repurchase program.

Guidance

Management now envisions fiscal 2018 adjusted earnings to come in at $1.85 per share or more, reflecting an increase of 23.3% or higher year over year. The company had earlier projected earnings of $1.62. The increased guidance can be attributed to lower Federal tax rate and sturdy quarterly performance. The Zacks Consensus Estimate for the fiscal year is currently pegged at $1.66, which could witness an upward revision in the coming days.

Stocks to Consider

Zumiez Inc. ZUMZ delivered an average positive earnings surprise of 22.2% in the trailing four quarters. It has a long-term earnings growth rate of 18% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% and a Zacks Rank #2 (Buy).

Ross Stores, Inc. ROST delivered 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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Central Garden & Pet Company (CENT): Free Stock Analysis Report
 
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Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_08_central_garden_pet_cent_q1_earnings Thu, 08 Feb 2018 16:40:00 +0300
<![CDATA[Tapestry (TPR) Q2 Earnings & Revenues Surpass Estimates]]> Tapestry, Inc. TPR posted better-than-expected second-quarter fiscal 2018 results. The adjusted earnings of $1.07 per share beat the Zacks Consensus Estimate of 86 cents, thereby resulting in a positive earnings surprise of 24.4% and marking the 16th straight quarter of earnings beat. The quarterly earnings improved 42.7% year over year buoyed by top-line growth.

Net sales of this New York-based company came in at $1,785 million, up 35% year over year on both reported and constant currency basis. We noted that the total sales came ahead of the Zacks Consensus Estimate of $1,767.6 million, after missing the same in the trailing five quarters.

Tapestry is undergoing a brand transformation and is introducing modern luxury concept stores in key markets. The acquisition of Stuart Weitzman and Kate Spade & Company is being viewed as a significant step in its efforts toward becoming a multi-brand company. Moreover, management has undertaken transformation initiatives revolving around product, stores and marketing. Sales increase at Coach brand, contributions from recent buyouts and sturdy holiday offerings along with improved inventory mix favorably impacted the results.

Tapestry, Inc. Price, Consensus and EPS Surprise

These endeavors have aided the stock to rise 22% in a year compared with the industry that declined 3.1%.

Consolidated adjusted gross profit surged roughly 32% to $1,195.8 million, however, gross margin contracted 160 basis points to 67%. Adjusted operating income came in at $411.3 million, up 40% from the prior-year quarter figure, while operating margin expanded 70 basis points to 23%.



Segment Details

Net sales for Coach came in at $1,229.6 million, up 2% on a reported and constant currency basis. Comparable-store sales rose 3%, including a gain of about 100 basis points on account of rise in global e-commerce.

Kate Spade sales came in at $434.7 million. Comparable-store sales declined 7%, including the adverse impact of about 400 basis points from a fall in global e-commerce. Net sales for Stuart Weitzman totaled $120.7 million, reflecting an increase of 2%.

Store Update

At the end of the quarter, the company operated 416 Coach stores, 189 Kate Spade outlets and 70 Stuart Weitzman stores in North America. Internationally, the count was 551, 95 and 13 for Coach, Kate Spade and Stuart Weitzman, respectively.

Other Financial Details

Tapestry, which carries a Zacks Rank #3 (Hold), ended the quarter with cash, cash equivalents and short-term investments of $2,091.8 million, long-term debt of $1,887.5 million and shareholders' equity of $2,949.4 million. The company in the month of January lowered its debt load by $1.1 billion.

FY18 Guidance

Management continues to expect fiscal 2018 revenue to increase approximately 30% year over year to $5.8-$5.9 billion with low-single digit organic growth and Kate Spade acquisition adding more than $1.2 billion in revenues.

Tapestry continues to forecast operating income growth in the band of 22-25% on the back of mid-single digit organic growth, Kate Spade buyout and estimated synergies of $30-$35 million. Interest expense is now expected to be about $75-$78 million, down from $80-$85 million previously anticipated.

On account of revisions to the U.S. tax code as well as lower interest expense, management now envisions earnings in the band of $2.52-$2.60, reflecting an increase of approximately 17-21%, comprising mid-to-high single digit accretion from the Kate Spade buyout. The company had earlier projected earnings in the range of $2.35-$2.40 per share.

Interested in the Retail Space? Check Out These

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zumiez Inc. ZUMZ has a long-term earnings growth rate of 18% and a Zacks Rank #1.

Ross Stores, Inc. ROST delivered 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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Tapestry, Inc. (TPR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_06_tapestry_tpr_q2_earnings_revenues_su Tue, 06 Feb 2018 17:47:00 +0300
<![CDATA[Factors Setting the Tone for Skechers (SKX) in Q4 Earnings]]> Skechers U.S.A., Inc. SKX is slated to release fourth-quarter 2017 results on Feb 8. In the trailing four quarters, it had underperformed the Zacks Consensus Estimate by an average of 7.8%. However, in the preceding quarter, it surpassed the consensus mark by 37.2%.

The question lingering in investors’ minds now is whether Skechers will be able to post positive earnings surprise in the fourth quarter. Let’s see how things are shaping up prior to this announcement.

What to Expect?

The company is likely to report bottom-line growth for the second straight quarter. The Zacks Consensus Estimate for earnings in the quarter under review is pegged at 13 cents compared with 4 cents in the previous year. Meanwhile, analysts polled by Zacks expect revenues of $875 million, reflecting more than 16% growth on a year-over-year basis.

Management had earlier projected fourth-quarter net sales in the band of $860-$885 million compared with $764.3 million in the prior-year quarter. Additionally, the company had envisioned earnings per share in the range of 9-14 cents compared with 4 cents in the year-ago period.

Factors at Play

Skechers’ greater emphasis on new line of products, store remodeling projects, cost containment efforts, inventory management and global distribution platform are the primary growth catalysts. Moreover, its e-commerce business has contributed toward sales growth. Notably, the company currently operates e-commerce sites in Chile, Germany and the UK, and has launched additional sites in Spain and Canada.

Skechers’ international business also remains a considerable sales growth driver for the company with Europe and China being the significant market outside the United States. Furthermore, the company is poised to enhance global reach in the footwear market through its distribution networks, subsidiaries and joint ventures (JVs).

However, analysts remain concerned about rise in selling, and general & administrative expenses that may hurt the company's margin and in turn the bottom line. We note that selling expenses have increased 37%, 31.6% and 32.1% in the first, second and third quarters of 2017, respectively. Following the same chronological order, general & administrative expenses were also up 16.6%, 25.5% and 21%, respectively. Nonetheless, the growth rate of general & administrative expenses has decelerated sequentially. Management expects the metric to decline further in the fourth quarter and the next year.

Skechers U.S.A., Inc. Price, Consensus and EPS Surprise

What the Zacks Model Unveils

Our proven model shows that Skechers is likely to beat estimates this quarter as the stock has the right combination of two key ingredients — a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen.

Skechers has an Earnings ESP of +7.69% and a Zacks Rank #3. This makes us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks With Favorable Combination

Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:

Ross Stores ROST has an Earnings ESP of +2.45% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.  

G-III Apparel Group, Ltd. GIII has an Earnings ESP of +14.29% and a Zacks Rank of 2.

Tiffany TIF has an Earnings ESP of +0.89% and a Zacks Rank #3.

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To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_06_factors_setting_the_tone_for_skechers_s Tue, 06 Feb 2018 17:27:00 +0300
<![CDATA[Michael Kors (KORS) Q3 Earnings: Is a Beat in the Cards?]]> Michael Kors Holdings Limited KORS is scheduled to report third-quarter fiscal 2018 results on Feb 7. In the last quarter, the company delivered a positive earnings surprise of 60.2%. Let’s see how things are shaping up prior to this announcement.

Michael Kors has a remarkable history, at least in terms of the bottom line. The company’s second-quarter fiscal 2018 results marked its positive earnings surprise streak for the tenth consecutive quarter. In the trailing four quarters, the company outperformed the Zacks Consensus Estimate by an average of 23.7%.

Well the obvious question that comes to mind, will Michael Kors be able to sustain its positive earnings surprise streak in the third quarter. Notably, the past trends do indicate toward that direction but it will not be wise to jump to a conclusion without analyzing the factors at play.

The current Zacks Consensus Estimate for the quarter is $1.29, reflecting a year-over-year decline of over 21.3%. Analysts polled by Zacks expect revenues of $1,375 million, up nearly 2% from the year-ago quarter.

Factors at Play

Michael Kors has been constantly deploying resources to expand product offerings, open new stores, and build shop-in-shops along with upgrading information system and distribution infrastructure. Management intends to upgrade e-commerce platform and expects the channel to be a significant contributor in the long run. We note that despite the possibility of heavy investments weighing upon the margins in the short term, the company continues to take up strategic endeavors.

Further, Michael Kors Runway 2020 strategic plan, which focuses on product innovation, brand engagement and customer experience, is likely to drive the top line. The company had earlier launched Bancroft in the Michael Kors collection line as part of its strategy of product innovation. This strategy aided the global Women's footwear comparable sales to increase by double digit in the preceding quarter.

However, stiff competition, falling comps, aggressive promotional environment and waning mall traffic are making things tough. We noted that comparable sales dipped 1.8% in the second quarter of fiscal 2018, following declines of 5.9% in the preceding quarter. We noted that comps had declined 14.1%, 6.9%, 5.4% and 7.4% in the fourth, third, second and first quarters, respectively. In fiscal 2018, the company continues to anticipate comparable sales to decrease in the mid-single digit range.

Michael Kors Holdings Limited Price, Consensus and EPS Surprise

What the Zacks Model Unveils

Our proven model shows that Michael Kors is likely to beat estimates this quarter as the stock has the right combination of two key ingredients — a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen.   

Michael Kors has an Earnings ESP of +1.61% and carries a Zacks Rank #2. This makes us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks with Favorable Combination

Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:

Ross Stores ROST has an Earnings ESP of +2.45% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

G-III Apparel Group, Ltd. GIII has an Earnings ESP of +14.29% and a Zacks Rank #2.

Tiffany TIF has an Earnings ESP of +0.89% and a Zacks Rank #3.

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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_06_michael_kors_kors_q3_earnings_is_a_be Tue, 06 Feb 2018 02:41:00 +0300
<![CDATA[3 Stocks to Buy That Popped While Markets Sunk]]> Markets got off to a rough start on Monday morning, following a substantial Friday sell-off that led to losses for the Dow, S&P 500, and Nasdaq Composite. But today’s slide slowly began to turn around on the back of substantial gains from a few industry giants.

Friday’s slump was likely a result of the Bureau of Labor Statistics’ first jobs report of 2018. The agency noted that the U.S. added roughly 200,000 jobs in January, outpacing estimates. Wages also rose 2.9% on an annualized basis. This better-than-expected job growth helped send interest rates higher, which facilitated the sell-off.

Initially, Monday looked to be another poor day for the markets, but big moves from Apple AAPL and other industry bellwethers helped markets slowly bounce back (also read: Here's Why Apple Stock Is Recovering Today).

Along with Apple’s big gain, other notable companies saw their stock prices surge.

1.       Amazon AMZN

Shares of Amazon climbed over 1.50% to inch closer to an all-time high, which the tech powerhouse reached earlier this year. Amazon’s big move obviously helped lift markets, but with no major news to speak of, it seems that investors were likely buying up this ever-growing juggernaut on the dip. The company and its CEO Jeff Bezos also made headlines during the Super Bowl with a celebrity-packed commercial for Amazon Alexa.

AMZN is currently a Zacks Rank #3 (Hold), but the stock rocks “A” grades for both Growth and Momentum in our Style Scores system. Within the last seven days, Amazon has also experienced a substantial number of upward earnings estimate revisions for its current quarter and full fiscal 2018.

2.       Ross Stores, Inc. ROST

The off-price clothing giant saw its stock price jump over 1% Monday morning. Before today’s gains, shares of Ross Stores had soared over 22% within the last 12 weeks, on the back of strong third-quarter results and upped Q4 guidance. Luckily for investors, despite Ross’ strong run over the last three months, the company currently sits more than $5 below its 52-week high of $85.66 per share, leaving room for more momentum soon.

ROST is currently a Zacks Rank #2 (Buy) and sports an “A” grade for Momentum and a “B” for Growth, helping the stock earn an overall “B” VGM score. Looking ahead to Ross’ upcoming fourth quarter, the company is expected to see its sales surge by 12.63% year-over-year, based on our current Zacks Consensus Estimates. The discount apparel chain is also projected to see its quarterly EPS figure climb nearly 21%.

3.       Steel Dynamics, Inc. STLD

Shares of this large U.S. steel producer and metals recycler popped over 2.60% to move within striking distance of its all-time high today. Investors seem to be confident in this company’s continued growth, which could be spurred further by increased manufacturing and building spending. What’s more, Steel Dynamics posted quarterly records in nearly every major category in its recently reported fourth quarter. This included a record number of total shipments and sales, as well as operating income of $1.1 billion.

Before today’s climb, shares of Steel Dynamics had jumped nearly 19% over the last 12 weeks. Looking ahead, the company has seen its earnings estimate revisions trend upward for the last 30 days. Steel Dynamics is also currently a Zacks Rank #1 (Strong Buy) and boasts a “B” grade for Growth.

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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_05_3_stocks_to_buy_that_popped_while_market Mon, 05 Feb 2018 21:59:00 +0300
<![CDATA[Will Tapestry (TPR) Manage to See Higher Earnings in Q2?]]> Tapestry, Inc. TPR, formerly known as Coach, Inc., is slated to release second-quarter fiscal 2018 results on Feb 6. In the trailing four quarters, this house of lifestyle brands as well as designer and marketer of fine accessories and gifts, has outperformed the Zacks Consensus Estimate by an average of 6.5%. Last quarter, the company delivered a positive earnings surprise of 16.7%.

Investors are counting on another estimate beat by Tapestry in the to-be-reported quarter. Let’s delve deep and take a look at the factors that will be influencing the results.

How Are Estimates Shaping Up?

Post a 6.7% decline in the bottom line, Tapestry is likely to record year-over-year growth in the second quarter of fiscal 2018. After rising by a penny in the last seven days, the Zacks Consensus Estimate for current-quarter earnings stands at 87 cents compared with 75 cents in the year-ago quarter.

Analysts polled by Zacks now project revenues of $1,768 million, up from $1,322 million in the year-ago quarter. If all goes well, this will be the second straight quarter of top-line growth for the company. We note that net sales of this New York-based company jumped 24% in the first quarter. However, the same declined 1.8% and 4% in the fourth and third quarter of fiscal 2017, respectively.

Factors at Play

Tapestry looks way more disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The acquisitions of Stuart Weitzman and Kate Spade are being viewed as a significant step by the company in becoming a multi-brand company. Moreover, management has undertaken transformation initiatives revolving around product, stores and marketing, which are likely to have a favorable impact on second-quarter results.

Additionally, the company is aggressively expanding its e-commerce platform. Tapestry also plans to undertake strategic measures involving the upgrade of core technology platforms and enhancement of international supply chain. However, sluggish mall traffic, increased online competition and aggressive pricing strategy are affecting the industry, and Tapestry is not immune it. Moreover, any increase in selling, general and administrative expenses may hurt the bottom line, as it did in the first quarter.

Tapestry, Inc. Price, Consensus and EPS Surprise

 

Tapestry, Inc. Price, Consensus and EPS Surprise | Tapestry, Inc. Quote

 

What Does the Zacks Model Unveil?

Our proven model shows that Tapestry is likely to beat estimates this quarter. A stock needs to have both a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Tapestry carries a Zacks Rank #3 and has an Earnings ESP of +0.53%. This makes us reasonably confident of an earnings beat.

Other Stocks With Favorable Combination

Here are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:

Ross Stores ROST has an Earnings ESP of +2.45% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Michael Kors KORS has an Earnings ESP of +1.61% and a Zacks Rank #2.

Tiffany TIF has an Earnings ESP of +0.89% and a Zacks Rank #3.

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Michael Kors Holdings Limited (KORS): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_05_will_tapestry_tpr_manage_to_see_higher Mon, 05 Feb 2018 17:23:00 +0300
<![CDATA[Deckers (DECK) Beats on Q3 Earnings, Raises FY18 Outlook]]> Sturdy sales performance across UGG, HOKA ONE ONE and Teva brands enabled Deckers Outdoor Corporation DECK to deliver better-than-expected third-quarter fiscal 2018 results. This footwear and apparel retailer reported quarterly earnings of $4.97 that beat the Zacks Consensus Estimate of $3.84 and surged approximately 21% from the year-ago period. Encouraging retail scenario and favorable weather conditions along with latest tax reform and improved margins as well as share repurchases aided the results.

The top line improved 6.6% to $810.5 million during the quarter, following a decline of 0.7% registered in the preceding quarter. Net sales also came ahead of the Zacks Consensus Estimate of $750.2 million, marking the fourth straight quarter of positive surprise. On a constant currency basis, net sales grew 6.3%.

Deckers in the last quarter had guided net sales in the range of $735-$745 million and envisioned earnings in the range of $3.65-$3.75 per share. Instead, this Goleta, CA-based company went on to post far better results than anticipated and raised fiscal 2018 view. As a result, the stock gained 8.1% during extended hours trading session yesterday. We noted that shares of this Zacks Rank #3 (Hold) company have increased about 87.2% in a year compared with the industry’s growth of 30.8%.

Deckers Outdoor Corporation Price, Consensus and EPS Surprise

 

Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote


Gross margin expanded 170 basis points to 52.2%, while adjusted SG&A expenses were $220.4 million up from $201.4 million for the same period last year. Adjusted operating income soared 11.5% to $203.1 million, while adjusted operating margin increased 110 basis points to 25.1%.

Deckers is focused on expanding brand assortments, introducing more innovative line of products, targeting consumers digitally through marketing and sturdy e-commerce along with optimizing omni-channel distribution.

Management had earlier projected cost savings of about $150 million on the back of improvement in cost of goods sold and SG&A savings, which includes consolidation of retail outlets and process improvement efficiencies. This will help realize $100 million operating profit improvement by fiscal 2020. Management anticipates total sales of about $2 billion with operating margin of at least 13% by fiscal 2020.

 



Sales by Geography & Channel

The company’s domestic net sales jumped 2.5% to $501.7 million in the reported quarter. Meanwhile, international net sales soared 14% to $308.8 million.

Direct-to-Consumer (“DTC”) net sales advanced 2.7% to $381.7 million. DTC comparable sales rose 1.7% year over year. Wholesale net sales in the reported quarter grew 10.3% to $428.8 million.

Brand-wise Discussion

UGG brand net sales increased 4.3% to $734.7 million in the reported quarter. Net sales for the Sanuk brand, known for its exclusive sandals and shoes, came in at $13.9 million, flat year over year.

HOKA ONE ONE brand net sales surged 65.7% to $31.8 million, while Teva brand net sales grew 33.4% to $19.5 million.

Other Financial Aspects

At the end of the quarter, Deckers had cash and cash equivalents of $493 million, total short-term borrowings and mortgage payable of $32.2 million and shareholders’ equity of $1,032.9 million. Inventories increased 6.1% year over year to $396.3 million.

During the quarter under review, Deckers bought back approximately 361,000 shares of worth $24.7 million. As of Dec 31, 2017, the company had $375.6 million remaining under its $400 million share buyback program. The company plans to repurchase roughly $75 million worth of shares before the conclusion of fiscal 2018.

Guidance

Deckers raises fiscal 2018 projection. Management now expects net sales to be in the band of $1,873-$1,878 million and envisions adjusted earnings in the range of $5.37-5.42 per share, up from $3.82 reported last year. The current Zacks Consensus Estimate for the fiscal is $4.37. Gross margin for the fiscal year is anticipated to be 49%. Further, SG&A expense as a percentage of sales is anticipated to be nearly 37%. The company stated that it plans to repatriate $250 million of international cash by the end of the fiscal year.

Earlier, the company had guided net sales to be up approximately 1-2% and adjusted earnings between $4.15 and $4.30 per share.

In the fourth quarter, net sales are estimated to be in the range of $370-$375 million compared with $369.5 million reported in the year-ago period. Management forecasts earnings in the range of approximately 15-20 cents compared with 11 cents a share delivered in the prior-year quarter. The current Zacks Consensus Estimate for the quarter is 24 cents.

3 Hot Stocks Awaiting Your Look

G-III Apparel Group, Ltd. GIII delivered an average positive earnings surprise of 6.1% in the trailing four quarters. It has a long-term earnings growth rate of 15% 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 delivered 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.

Skechers U.S.A., Inc. SKX has a long-term earnings growth rate of 14% and a Zacks Rank #2.

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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_02_deckers_deck_beats_on_q3_earnings_rai Fri, 02 Feb 2018 16:05:00 +0300
<![CDATA[Ross Stores (ROST) Stock Moving Up the Charts: Time to Buy?]]> Ross Stores Inc. ROST is in investors’ good books, gaining traction from its commitment toward better price management, merchandise, cost containment and store expansion plan. These endeavors have been aiding the company’s quarterly performance. The company’s robust surprise trend along with its initiatives led the shares of Ross Stores to surge 28% in the last three months compared with the industry’s growth of 20.6%.

Let’s analyze the factors driving this Zacks Rank #2 (Buy) stock.

Off-Price Model Boosts Growth

Ross Stores makes decisions regarding merchandising, purchasing and pricing as well as location of the stores, mostly to suit its customer base. Further, the company’s proven off-price business model along with competitive bargains continues to make its stores an attractive destination for customers in all economic scenarios. Also, its off-price model offers strong value proposition and micro-merchandising that drive better product allocation and margins. We believe this will help sustain the company’s top-line growth trends.

Effective Merchandising Strategies & Store Growth

Ross Stores’ is on the growth trajectory owing to its continued focus on merchandising organization through investments in workforce, processes and technology. Additionally, the company has been committed toward improving its merchandise assortments in the ladies’ apparel business in order to boost the top line. Ross Stores constantly organizes its merchant group as well. This enables it to steadily expand market coverage in the vendor community while enhancing relationships with a broad network of existing and new resources. These initiatives strengthen the company’s buying operation by facilitating the purchase of in-trend merchandise at attractive prices.

Furthermore, Ross Stores’ store expansion program reflects a lot about its strength. Evidently, the company opened 40 new stores surpassing its fiscal 2017 target of opening 90 stores, comprising 70 Ross and 20 dd’s DISCOUNTS outlets. These actions make us confident about its growth potential and ability to successfully attain the target of expanding store count to 2,500, comprising 2,000 Ross and 500 dd’s DISCOUNTS stores, over the longer term.

Strong Surprise Trend & Upbeat Outlook

Ross Stores has a splendid earnings history with a positive surprise in 13 of the last 14 quarters. In addition, the company’s average positive surprise in the trailing four quarters is 5.5%. For fourth-quarter and fiscal 2017, its robust earnings and sales guidance raise investors’ optimism on the stock. These factors collectively underscore the company’s solid future potential.

Do Retail-Discount Stocks Grab Your Attention? Check These

Investors interested in the industry may also consider stocks such as Dollar Tree Inc. DLTR, Target Corporation TGT and Burlington Stores Inc. BURL. While Dollar Tree and Target Corporation sport a Zacks Rank #1 (Strong Buy), Burlington Stores carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Dollar Tree delivered an average positive earnings surprise of 7.4% in the trailing four quarters. It has a long-term earnings growth rate of 13.3%.

Target Corporation came up with an average positive earnings surprise of 10.2% in the trailing four quarters. It has a long-term earnings growth rate of 4%.

Burlington Stores pulled off an average positive earnings surprise of 15.2% in the trailing four quarters. Also, it has a long-term earnings growth rate of 18.6%.

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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_01_ross_stores_rost_stock_moving_up_the_c Thu, 01 Feb 2018 17:12:00 +0300
<![CDATA[Higher Consumer Spending Indicates Solid Retail Earnings]]> After a blissful holiday season, retailers got another reason to smile. Per Bureau of Economic Analysis, consumer spending increased $54.2 billion or 0.4% in the final month of 2017, following the revised upward reading of 0.8% growth registered in November. Meanwhile, personal income surged $58.7 billion or 0.4% in December, following an increase of 0.3% in the month of November.

Certainly, a buoyant stock market, gradual wage acceleration, a 17-year low unemployment rate and modest inflation were enough to propel consumer spending, which accounts for more than two-thirds of U.S. economic activity. Quite evident, retailers were the end gainers, as people continued their shopping spree.

Consumer Spending Playing a Vital Role

Consumer spending — one of the pivotal factors driving the economy — remains strong during the holiday season and aided economic growth of 2.6% in the final quarter of 2017. Notably, consumer spending increased at a rate of 3.8% in the fourth quarter, per the Commerce Department’s latest data.

Favorable economic indicators along with friendlier fiscal and regulatory policies from the current administration bode well for the Retail-Wholesale sector. Moreover, the latest tax reform, which has resulted in the lowering of the corporate tax rate to as much as 21%, has given the much needed boost to the sector that is lately bearing the brunt of heightened online competition, lower footfall and changing consumer spending patterns.

But things have now changed in favor of retailers. Stocks once bogged down by a tough environment are now suddenly climbing the charts.

How the Reporting Cycle Unfolding for Retailers?

The sector, which currently occupies the top 19% (3 out of 16) position in the list of 16 Zacks categorized sectors, has advanced 42.5% in a year and comfortably outperforming the S&P 500’s  growth of 26.6%. Moreover, according to the latest Earnings Trends report, the sector is expected to record top and bottom-line growth of 8.6% and 5.3%, respectively, in this reporting cycle.

As of Jan 24, 2018, about 15.4% of the S&P 500 companies in the Retail sector have reported their results, wherein 66.7% companies delivered an earnings beat, while 100% surpassed revenue estimates. Earnings of these companies rose 9.3%, revenues surged 10.5%.

We are in the thick of the earnings season and the trend so far appears impressive. It’s that time of the year again when the investor community is busy comparing estimates with actual outcomes. Prior to the releases, investors are keen on rebalancing their portfolio to include stocks that are likely to trump estimates. This is because an earnings beat serves as a catalyst, raises investors’ confidence in a stock and results in further price appreciation. This leads to the obvious question of how to find the potential winners?

Prospective Winners for the Season

All said, we used the Zacks methodology and identified retail stocks that not only boast solid fundamentals but are also poised to beat earnings estimates this earnings season. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP, the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Here are some few companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:

Dollar Tree, Inc. DLTR has an Earnings ESP of +1.16% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Sally Beauty Holdings, Inc. SBH has an Earnings ESP of +2.40% and a Zacks Rank #1.

Hibbett Sports, Inc. HIBB has an Earnings ESP of +3.01% and a Zacks Rank #1.

Macy's, Inc. M has an Earnings ESP of +1.29% and a Zacks Rank #2.

Ross Stores, Inc. ROST has an Earnings ESP of +1.91% and a Zacks Rank #2.

These five stocks are not the only ones to bet on. With the help of the Zacks Stock Screener and some permutation and combination, you can find out other retail stocks that have the potential to deliver a positive earnings surprise.

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To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_01_30_higher_consumer_spending_indicates_solid Tue, 30 Jan 2018 17:17:00 +0300
<![CDATA[5 Potential Winners in the Retail Space This Earnings Season]]> The Retail-Wholesale sector is hogging all the attention, and this time for good reasons. For the time being, the expression "retail apocalypse” appears to be a thing of past. The sector has certainly been bearing the brunt of heightened online competition, lower footfall and changing consumer spending patterns but of late the tables are turning in favor of the retailers. Stocks once bogged down by tough environment are now suddenly climbing the charts.

The sector, which currently occupies the top 19% (3 out of 16) position in the list of 16 Zacks categorized sectors, has advanced 42.5% in a year and comfortably outperforming the S&P 500’s  growth of 26.6%. Moreover, according to the latest Earnings Trends report, the sector is expected to record top and bottom-line growth of 8.6% and 5.3%, respectively, in this reporting cycle.

As of Jan 24, 2018, about 15.4% of the S&P 500 companies in the Retail sector have reported their results, wherein 66.7% companies delivered an earnings beat, while 100% surpassed revenue estimates. Earnings of these companies rose 9.3%, revenues surged 10.5%.

Sector Holds the Baton

Favorable economic indicators along with friendlier fiscal and regulatory policies from the current regime bode well for the sector. Analysts pointed that a buoyant stock market, gradual wage acceleration, improved employment picture, rising consumer confidence and modest inflation are enough to trigger consumer spending.  Notably, consumer spending increased at a rate of 3.8% in the fourth quarter of 2017, per the Commerce Department’s latest data.

Higher spending clearly indicates that the holiday season turned out to be a blissful one for retailers as consumers continued to fill their shopping carts. The festive season showcased a stellar performance since the recession of 2008. Per National Retail Federation, sales (excluding autos, gas and restaurant sales) during the November/December period increased 5.5% to $691.9 billion, surpassing its own projection of a 3.6-4% rise. Online shopping, which is included in the results, surged 11.5%.

Another reason why the sector grabbed investors’ attention is the latest tax reform that has resulted in lowering the corporate tax rate to as much as 21%, and retailers will be the beneficiary of the same. Analysts believe that a lower tax burden is likely to allow the retailers to channelize the surplus money to best possible options. They may go for a dividend hike, or reduce debt load, or create a corpus to fund acquisitions, or invest in enhancing omni-channel capabilities, new product launches and any other innovations.

Picking the Prospective Winners for the Season

All said, we used the Zacks methodology and identified retail stocks that not only boast solid fundamentals but are also poised to beat earnings estimates this earnings season. Our research shows that for stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP, the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Thus, investors can count on these stocks which are most likely to trump estimates.

Dollar Tree, Inc. (DLTR), which is expected to report fourth-quarter fiscal 2017 results on Mar 7, is a solid bet with a long-term earnings growth rate of 13.3%. The Zacks Consensus Estimate for the quarter is pegged at $1.88. The company delivered an average positive earnings surprise of 7.4% in the trailing four quarters. This operator of discount variety stores has an Earnings ESP of +1.16% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Investors can even count on Macy's, Inc. (M) with a Zacks Rank #2 and an Earnings ESP of +1.29%. The Zacks Consensus Estimate for the quarter is pegged at $2.66. In the preceding two quarters, the company has outperformed the consensus mark. It has a long-term earnings growth rate of 8.5%. This department store retailer is slated to report fourth-quarter fiscal 2017 results on Feb 27.

Another lucrative option is Ross Stores, Inc. (ROST), an off-price retailer of apparel and home accessories. The stock has a Zacks Rank #2 and an Earnings ESP of +1.91%. The Zacks Consensus Estimate for the quarter is pegged at 93 cents. The company registered 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 is slated to announce fourth-quarter fiscal 2017 results on Mar 6.

You may also consider is The Home Depot, Inc. (HD) with a Zacks Rank #3 and an Earnings ESP of +0.29%. The Zacks Consensus Estimate for the quarter is pegged at $1.61. The company delivered an average positive earnings surprise of 3.9% in the trailing four quarters. It has a long-term earnings growth rate of 14.6%. This home improvement retailer is scheduled to come out with fourth-quarter fiscal 2017 financial numbers on Feb 20.

We also suggest investing in Tiffany & Co. (TIF), which is expected to report fourth-quarter fiscal 2017 results on Mar 16. This designer, manufacturer and retailer of jewelry has a Zacks Rank #3 and an Earnings ESP of +0.89%. The Zacks Consensus Estimate for the quarter is currently pegged at $1.61. The company has a long-term earnings growth rate of 11.2% and delivered an average positive earnings surprise of 5.3% in the trailing four quarters.

These five stocks are not the only ones to bet on. With the help of the Zacks Stock Screener and some permutation and combination, you can find out other retail stocks that have the potential to deliver a positive earnings surprise.

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_29_5_potential_winners_in_the_retail_space Mon, 29 Jan 2018 23:50:00 +0300
<![CDATA[Factors Likely to Decide Deckers (DECK) Fate in Q3 Earnings]]> Deckers Outdoor Corporation DECK, the footwear and apparel retailer, is slated to report third-quarter fiscal 2018 results on Feb 1. In the second quarter, the company delivered positive earnings surprise of 49.5%. Let’s see how things are shaping up for this announcement.

Which Way are Estimates Treading?

Investors are keen to find out whether Deckers will be able to sustain its positive earnings surprise streak in the quarter to be reported. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 88.3%. The current Zacks Consensus Estimate for the quarter under review has decreased by a couple of cents in the last 30 days and is pegged at $3.84, reflecting a year-over-year decline of 6.6%. Analysts polled by Zacks expect revenues of $750.2 million, down more than 1% year over year.

Factors at Play

Deckers is targeting profitable markets and remains focused on product innovations and store augmentation along with transitioning to a direct subsidiary model from a distributor model outside the United States. The company’s focus on expanding brand assortments, bringing more innovative line of products, targeting consumers through marketing and optimizing omni-channel distribution also bode well.

In keeping with the changing trends, Deckers has made substantial investments to strengthen online presence and improve shopping experience for customers. Further, it is focused on opening smaller concept omni-channel outlets and expanding programs such as Retail Inventory Online, Infinite UGG; Buy Online, Return In Store; and Click and Collect to enhance shopping experience.

Moreover, in an effort to drive long-term growth, the company has taken strategic initiatives. Its store fleet optimization plan focuses on striking the right balance between digital and physical stores.

However, management had earlier informed that it expects third-quarter net sales to decline due to the timing of orders from the third quarter into the second. Net sales for the quarter under review are estimated to be in the range of $735-$745 million down from $760.3 million reported in the year-ago period. Further, the company now envisions earnings in the range of $3.65-$3.75 compared with $4.11 per share delivered in the prior-year quarter. The year-over-year decline in earnings is attributable to higher operating expenses on account of performance-based compensation.

Deckers Outdoor Corporation Price, Consensus and EPS Surprise

 

Deckers Outdoor Corporation Price, Consensus and EPS Surprise | Deckers Outdoor Corporation Quote

What the Zacks Model Unveils?

Our proven model shows that Deckers is likely to beat estimates this quarter. This is because a stock needs to have both — a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Deckers has an Earnings ESP of +0.10% and carries a Zacks Rank #3. This makes us reasonably confident that it is likely to outperform estimates.

Other Stocks With Favorable Combination

Here are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:

Ross Stores, Inc. ROST has an Earnings ESP of +1.91% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Tapestry, Inc. TPR has an Earnings ESP of +0.39% and a Zacks Rank #3.

Tiffany & Co. TIF has an Earnings ESP of +0.89% and a Zacks Rank #3.

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

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Deckers Outdoor Corporation (DECK): Free Stock Analysis Report
 
Tapestry, Inc. (TPR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_29_factors_likely_to_decide_deckers_deck Mon, 29 Jan 2018 18:27:00 +0300
<![CDATA[Wal-Mart Sharpens Online Edge, Join Forces With Rakuten]]> Wal-Mart Stores, Inc. WMT, which is leaving no stone unturned to compete with online retail giant Amazon.com, Inc. AMZN, has announced strategic partnership with Rakuten Inc., a leading Japanese e-commerce firm. Per the deal, both the companies will collaborate to sell online groceries in Japan as well as eBooks and audiobooks in the United States.

Following, the news the company’s shares gained nearly 2% on Jan 26, 2018. In fact, the stock has surged 63.2% in a year, outperforming the industry's growth of 52.2%.

Deal Boosts International Presence

With the objective of capitalizing on the booming online shopping, Rakuten and Seiyu GK, a subsidiary of Walmart have reached a new agreement to launch “Rakuten Seiyu Netsuper”, a new online grocery delivery service in Japan. The service is likely to be launched in the latter half of 2018. Through the partnership both the companies will not only look to increase fulfillment capacity but will also provide “quality” and “low prices” services.

The company’s deal with Rakuten gives an indication that the company has chalked out a new formula to increase international presence. Wal-Mart, which remains committed toward achieving growth across all its markets; on the back of fresh products, expansion of online grocery and private brands is likely to gain from the deal..

With operations spread in China, Mexico, Canada and UK, international forms Wal-Mart’s second-largest segment, in terms of revenues. Evidently, international sales constituted about 24% of the company’s total sales in fiscal 2017, following the U.S. segment which accounted for 64%. It has done well in Mexico and China but has struggled in Brazil due to economic concerns and in UK due to competition from discount retailers.

Wal-Mart Enters e-book Market

Wal-Mart is now the retail partner of Rakuten Kobo, which sells e-books, audiobooks, e-readers as well as tablet computers. Following, the deal Wal-Mart customers in United States can buy approximately six million titles. The company will also sell digital book cards in stores.

Michael Tamblyn, Rakuten Kobo CEO said “Walmart is one of the top retailers in the world and one of the largest booksellers in the U.S. Our strategy from day one has been to partner with the world’s best retailers, so that they can easily offer their customers the option of reading digitally. This informs the software and devices we create, the books and authors we promote, and also the partnerships we build.”

The Zacks Rank #3 (Hold) company’s effort to foray into e-book market gives an indication that it is trying all means to counter the growing dominance of Amazon.

Looking for More Promising Bets? Check These Trending Retail Stocks

Dollar Tree, Inc. DLTR, carrying a Zacks Rank #1 (Strong Buy), has a splendid earnings surprise history and an impressive long-term earnings growth rate of 13.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ross Stores, Inc. ROST has an average positive earnings surprise of 5.5% in the trailing four quarters and a long-term earnings growth rate of 10%. The company holds Zacks Rank #2 (Buy).

Zacks Top 10 Stocks for 2018

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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Wal-Mart Stores, Inc. (WMT): Free Stock Analysis Report
 
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
Ross Stores, Inc. (ROST): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_29_wal_mart_sharpens_online_edge_join_forc Mon, 29 Jan 2018 18:08:00 +0300
<![CDATA[Positive Currency Rates to Aid Ralph Lauren (RL) Q3 Earnings]]> We expect Ralph Lauren Corporation RL to beat expectations when it reports third-quarter fiscal 2018 results on Feb 1. The company posted positive earnings surprise of 4.7% in the last reported quarter.

Moreover, the company has delivered positive earnings surprises consistently in the trailing four quarters, with an average beat of 11.6%. Let’s see how things are shaping up prior to this announcement.

What to Expect?

The question lingering in investors’ minds is whether this designer, marketer and distributor of premium lifestyle products will be able to deliver a positive earnings surprise in the quarter to be reported. The current Zacks Consensus Estimate for the quarter under review is pegged at $1.84, reflecting year-over-year decline of 1.1%. We note that earnings estimate for the current quarter has trended up in the last seven days. Moreover, analysts polled by Zacks expect revenues of $1.65 billion, down about 3.9% from the year-ago quarter.

Ralph Lauren has outperformed the industry in the past month, reflecting increased optimism on the stock ahead of the earnings release. The company’s shares have surged 13.8%, compared with industry’s growth of 7.1%.



Factors at Play

Ralph Lauren has a robust surprise trend with positive earnings surprises delivered in 11 straight quarters. Favorable geographic and channel mix shifts along with lower promotions and reduced product costs have been aiding bottom-line performance. Additionally, results in recent quarters have been gaining from foreign currency tailwinds.

The company’s third-quarter and updated fiscal 2018 guidance clearly reflect the gains from recent positive movements in foreign currency rates. The company expects foreign currency to benefit revenue growth by nearly 160-170 basis points (bps) and operating margin by 10-20 bps in the third quarter. Furthermore, it now estimates foreign currency to aid revenue growth by nearly 80 bps, compared with the previous guidance of minimal negative impact. Moreover, foreign currency is now anticipated to have a minimum effect on operating margin, compared with 40-50 bps negative impact predicted earlier.

Looking ahead, management remains confident of Ralph Lauren’s performance, based on its efforts related to global brand reorganization, constant infrastructural investments and e-commerce enhancements. Further, the company’s efforts to evolve product and marketing bode well. All these factors make us optimistic about Ralph Lauren’s upcoming results.

What the Zacks Model Unveils?

Our proven model shows that Ralph Lauren is likely to beat earnings estimates because it has the right combination of two key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. The company has an Earnings ESP of +2.17% as the Most Accurate estimate of $1.88 is pegged higher than the Zacks Consensus Estimate of $1.84. This along with the company’s Zacks Rank #3 makes us reasonably confident of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks with Favorable Combination

Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:

Tractor Supply Company TSCO has an Earnings ESP of +0.92% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ross Stores Inc. ROST has an Earnings ESP of +1.91% and a Zacks Rank #2.

The Estée Lauder Companies Inc. EL has an Earnings ESP of +0.56% and a Zacks Rank #2.

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

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Estee Lauder Companies, Inc. (The) (EL): Free Stock Analysis Report
 
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Tractor Supply Company (TSCO): Free Stock Analysis Report
 
Ralph Lauren Corporation (RL): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_24_positive_currency_rates_to_aid_ralph_lau Wed, 24 Jan 2018 16:01:00 +0300
<![CDATA[Solid Comps, Strategic Initiatives to Aid Costco's Top Line]]> Costco Wholesale Corporation’s COST growth strategies, sturdy comparable-store sales (comps) performance, strong membership trends and higher penetration of Citi Visa co-brand card program are the pillars that reinforce its position. The company has one of the highest square footage growth in the industry and remains committed toward opening new clubs in domestic and international markets. These endeavors are likely to fuel top-line growth.

Analysts polled by Zacks expect second-quarter and fiscal 2018 revenues to come in at $32.64 billion and $138.28 billion, reflecting an increase of roughly 9.7% and 7.2%, respectively. The Zacks Consensus Estimate for earnings is currently pegged at $1.43 for the quarter under review and $6.69 for the fiscal, reflecting an improvement of approximately 22.2% and 15%, respectively.

Sturdy Comps Induce Confidence

Costco seems somewhat unfazed by tough retail scenario, comprising soft traffic and inclination toward online shopping. This Issaquah, WA-based company continued with positive comps performance driven by improved store traffic and average transaction size. Comps for December increased 11.5%, following an increase of 10.8% in November, 7.5% in October and 8.9% in September. Notably, net sales increased 14.3%, 13.2%, 10.1% and 12.1% in the respective months.

The operator of membership warehouses commenced fiscal 2018 on an upbeat note with both the top and bottom lines beating the Zacks Consensus Estimate for the third straight quarter, consequently sidelining the woes which have gripped the brick-and-mortar retailers for some time now. Moreover, both sales and earnings have also increased year over year.

We noted that total revenue grew 13.2% during the first quarter of fiscal 2018, following an increase of 15.7% and 7.8% in the fourth and third quarter of fiscal 2017. Earnings per share improved 16.2% in the first quarter, after registering growth of 17.5% and 12.9% in the preceding two quarters.

Costco Wholesale Corporation Price, Consensus and EPS Surprise

 

Costco Wholesale Corporation Price, Consensus and EPS Surprise | Costco Wholesale Corporation Quote

Strategic Endeavors

Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. In fact, the company’s strategy to sell products at heavily discounted prices has helped it to remain on growth track. Moreover, analysts believe that the company is likely to gain from Wal-Mart’s WMT latest decision to shut 63 of 660 Sam’s Club outlets in the United States over the next few weeks.

It is also gradually expanding e-commerce capabilities in the United States, Canada, UK, Mexico, Korea and Taiwan. Consequently, comparable e-commerce sales have surged 33.3%, 39%, 31% and 30% in December, November, October and September, respectively.

Additionally, a differentiated product range enables Costco to provide an upscale shopping experience for its members, consequently resulting in market share gains and higher sales per square foot. Notably, membership fees have increased 9.8% in the first quarter of fiscal 2018, and 13.3% and 4.2% in the fourth and third quarter of fiscal 2017.

Wrapping Up

Certainly, Costco’s sound fundamentals placed the stock favorably in 2018. Shares of this Zacks Rank #3 (Hold) are hovering close to its 52-week high of $195.35, and there is no reason why the stock cannot breach that mark in the near term. In the past three months, the stock has increased 19.3% compared with the industry’s growth of 21.2%.

2 Key Picks in the Retail Space

Target Corporation TGT delivered an average positive earnings surprise of 10.2% in the trailing four quarters. It has a long-term earnings growth rate of 4% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Ross Stores, Inc. ROST delivered 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 (Buy).

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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
 
Target Corporation (TGT): Free Stock Analysis Report
 
Costco Wholesale Corporation (COST): 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/2018_01_24_solid_comps_strategic_initiatives_to_ai Wed, 24 Jan 2018 15:35:00 +0300