Retail Sales Up In May: Is A Future Rate Hike Likely?

Where to Bet Your Bucks?

When we bet on a stock, we always try to hit the jackpot. But striking the right chord each time needs a fair amount of luck. Nonetheless, the current economic scenario is making it tough for investors to arrive at an investment decision. But for now, betting your bucks on safer counters seems wise. Let’s look for some retail stocks that could prove to be great additions against the backdrop of higher retail sales.

5 Prominent Picks

We suggest investing in Dave & Buster's Entertainment, Inc. (PLAY -Snapshot Report) , which flaunts a Zacks Rank #1 (Strong Buy). The Dallas, TX-based company delivered an average positive earnings surprise of 104.8% over the trailing four quarters. This owner and operator of entertainment and dining venues is expected to witness earnings growth of 29.2% in fiscal 2016 and 16.3% in fiscal 2017. The Zacks Consensus Estimate too has moved up over the past 30 days.

Burlington Stores, Inc. (BURL - Snapshot Report) , with a Zacks Rank #2 (Buy) and a long-term earnings growth rate of 17.7%, is a solid bet. This Burlington, NJ-based retailer of branded apparel products delivered an average positive earnings surprise of 23.2% over the trailing four quarters. It is expected to witness earnings growth of 21.5% in fiscal 2016 and 16.5% in fiscal 2017. The Zacks Consensus Estimate too has been on the rise over the past 30 days.

Investors can also count on ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA -Snapshot Report) , the specialty retailer of cosmetics, fragrance, haircare, skincare, bath and body products, with a Zacks Rank #2 and a long-term earnings growth rate of 19.5%. The Bolingbrook, IL-based company delivered an average positive earnings surprise of 7.9% over the trailing four quarters. It is expected to witness earnings growth of 22.8% in fiscal 2016 and 21.2% in fiscal 2017. The Zacks Consensus Estimate too has increased over the past 30 days.

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