|Bid||111.09 x 800|
|Ask||114.69 x 800|
|Day's range||113.82 - 115.78|
|52-week range||84.68 - 134.22|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||30.46|
|Earnings date||17 Nov 2021 - 22 Nov 2021|
|Forward dividend & yield||1.14 (1.00%)|
|Ex-dividend date||03 Sept 2021|
|1y target est||140.47|
The off-price retailer posted excellent second-quarter results but expects to experience significant margin pressure over the next few quarters.
Store closures were far from uncommon in 2020, when the coronavirus pandemic battered retailers without mercy. While many retailers struggled during the pandemic, off-price and discount retailers benefitted from the economic uncertainty that abounded. Now, it's those same off-price retailers that could revive malls and shopping centers and take the place of some of the stores that were forced to shutter permanently in the pandemic's wake.
Last Thursday, Ross Stores (NASDAQ: ROST) followed top rival TJX Companies (NYSE: TJX) by reporting strong results for the second quarter. In the first quarter, Ross Stores' comparable store sales jumped 13% compared to the first quarter of fiscal 2019, sailing well past management's guidance for a 1% to 5% decrease in comparable sales.