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Demand from younger shoppers should benefit off-price apparel retailers like Burlington Stores (BURL), Ross Stores (ROST), and TJX (TJX), according to Bank of America analysts.

ROST has a market beating history with a since inception CAGR of 19.3%. The company has steady revenue growth, strong gross profit margins and a healthy ROIC. ROST has a strong history of above average dividend growth that was unfortunately disrupted by the pandemic.

These retailers have been increasing same-store sales while improving their profit margins

Ross Stores (ROST) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ROST crossed above the 20-day moving average, suggesting a short-term bullish trend.

The headline numbers for Ross Stores (ROST) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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The discount retailer showed encouraging growth, especially with net income, in its second quarter. It also handily beat analyst estimates on both the top and bottom lines.

Second-quarter earnings reports for Ross Stores, TJX Companies (parent of TJ Maxx) and Target unveiled a mixed bag of results against a backdrop of economic uncertainty and ongoing supply chain disruptions. While the three retailers have carved out their respective niches, they face unique obstacles that are reshaping their strategies.

Consumers have reclaimed a bit of their buying power, but many can't throw caution to the wind or splurge on big-ticket items.

Ross Stores, Inc. ROST shares are trading higher on Friday.

Ross Stores' (ROST) Q2 results highlight strong value propositions to customers, increased in-store traffic, higher sales, and reduced distribution and incentive costs.

Ross Stores (ROST) shares rose Friday, a day after the discount clothing retailer raised its full-year profit outlook but acknowledged a challenging consumer spending environment.

U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Friday.

Unsurprisingly, off-price retailers like Ross Stores NASDAQ: ROST and TJX Companies NYSE: TJX outperform. The off-price retail segment is well-positioned after years of economic turmoil, including supply chain logjams, high inflation, high interest rates, and the ensuing inventory bloat seen among apparel manufacturers and major retailers.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Ross Stores stock popped early Friday after its earnings late Thursday. Shares eyed a jump above a buy point on the move.

Ross Stores (NASDAQ: ROST ) just reported results for the second quarter of 2024. Ross Stores reported earnings per share of $1.59.