5 Stocks That Make Great Buys This Black Friday

(Source: The Conference Board)

5 Top Retail Picks for Now

Taking the expected bumper Black Friday sales into account, retailers are undoubtedly set to witness a strong year-end rally. Hence, it will be prudent to invest in five of the best retail stocks for handsome returns. The stocks also have a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Boot Barn Holdings, Inc. (BOOT - Free Report) operates specialty retail stores in the United States. Currently, the company has a Zacks Rank #1. In the last 60 days, six earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 8.7% in the same period. The stock’s estimated growth rate for the next quarter is 41.2% versus the Retail - Apparel and Shoes industry’s projected decline of 49.9%.

Target operates as a general merchandise retailer in the United States. The company at present has a Zacks Rank #2. In the last 60 days, four earnings estimates moved up, while one moved down for the current year. The Zacks Consensus Estimate for earnings has risen 0.4% in the same period. The stock’s estimated growth rate for the next quarter is 11.4% versus the Retail - Discount Stores industry’s expected decline of 19.7%.

Burlington Stores, Inc. (BURL - Free Report) operates as a retailer of branded apparel products in the United States. Currently, the company has a Zacks Rank #2. In the last 60 days, four earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings has risen 0.5% in the same period. The stock’s estimated growth rate for the next quarter is 27.2% versus the Retail - Discount Stores industry’s expected decline of 19.7%. 

Macy’s sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company at present has a Zacks Rank #2. In the last 60 days, six earnings estimates moved up, while none moved down for the current year. The Zacks Consensus Estimate for earnings has risen 4.7% in the same period. The stock’s estimated growth rate for the next quarter is 31.3% versus the  Retail - Regional Department Stores industry’s expected decline of 38.2%.

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