Breaking News
0

The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores And TJX

By Zacks Investment ResearchJun 18, 2019 11:45PM ET
www.investing.com/analysis/the-zacks-analyst-blog-highlights-target-dollar-general-ross-stores-and-tjx-200432907
The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores And TJX
By Zacks Investment Research   |  Jun 18, 2019 11:45PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

For Immediate Release

Chicago, IL – June 19, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Target Corporation (NYSE:TGT) , Dollar General Corporation (NYSE:DG) , Ross Stores, Inc. (NASDAQ:ROST) and The TJX Companies, Inc. (NYSE:TJX) .

Here are highlights from Tuesday’s Analyst Blog:

These 4 Discount Retailers Are Commanding Attention

The Retail – Discount Stores industry, which comprises companies that offer apparel, accessories, footwear, beauty products, and food and beverage products, has outpaced the S&P 500 Index so far this year. The industry, which is placed in the top 20% of more than 250 Zacks industries, has rallied 24.4% in the said time frame, comfortably surpassing the index's growth of 14%. The outperformance can be attributed to strategic endeavors by the companies.

Certainly, discount retailers have succeeded in creating a niche despite the rising popularity of online retailers that has compelled many traditional operators to exit. This has been largely supported by investments, focus on cost savings and introduction of loyalty and marketing programs. Retailers are deploying resources to enhance omni-channel capacities, introduce brands, remodel or refurbish stores and expand same-day delivery options to expedite the shopping process.

Further, a favorable consumer environment with confidence index at a six-month high in May and strategic endeavors undertaken at company level are working in tandem for the industry. Definitely, the industry's prospects are closely tied to the purchasing power of consumers. In fact, strengthening labor market and rising disposable income are encouraging Americans to go on a shopping spree.

We note that consumer spending — one of the pivotal factors driving the economy — has picked up in recent months. This is evident from an uptick of 0.5% in retail sales during the month of May, following an upwardly revised reading of 0.3% gain in April. Clearly, this dissipates the fear of economy losing steam that gripped the stock market lately. While economists may revisit their second-quarter GDP numbers, the Federal Reserve may now have a reason to refrain from a cut in interest rate.

Well for now let's focus on four discount retailers that command your attention.

4 Discount Retailers

Target Corporation, which offers beauty and household essentials, food assortments, apparel and home decor products, is a solid bet with a long-term earnings growth rate of 7.1% and a VGM Score of B. This Zacks Rank #2 (Buy) company has delivered an average positive earnings surprise of 2.6% in the trailing four quarters. Moreover, the stock has surged approximately 39% in the past six months. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Dollar General Corporation, which offers clothing, cleaning supplies, home decor, health & beauty aids, toys, seasonal items and grocery, is also a solid pick with a Zacks Rank #2 and a VGM Score of A. The stock has a long-term earnings growth rate of 10.9%. The stock has gained roughly 32% in the past six months. It has an average positive earnings surprise of 1.6% in the trailing four quarters.

Investors can also count on Ross Stores, Inc., which operates off-price retail apparel and home fashion stores. This Zacks Rank #2 company has a long-term earnings growth rate of 10.4% and a VGM Score of B. The company has delivered an average positive earnings surprise of 2.8% in the trailing four quarters. It has advanced about 29% in the past six months.

You can also add The TJX Companies, Inc., an off-price apparel and home fashions retailer, to your portfolio. Shares of this Zacks Rank #2 have surged about 23% in the past six months. The stock has a long-term earnings growth rate of 10.9% and an average positive earnings surprise of 1.3% in the trailing four quarters.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They're also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.



Dollar General Corporation (DG): Free Stock Analysis Report

The TJX Companies, Inc. (TJX): Free Stock Analysis Report

Target Corporation (TGT): Free Stock Analysis Report

Ross Stores, Inc. (ROST): Free Stock Analysis Report

Original post

Zacks Investment Research
The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores And TJX
 
The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores And TJX

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Kaushik Jana
Kaushik Jana Nov 14, 2019 12:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I am a big fan I will must be following your suggestions
Kaushik Jana
Kaushik Jana Nov 14, 2019 12:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
sir please update aluminum daily
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email