On Nov 23, major Wall Street analysts update their ratings for $Ross Stores (ROST.US)$, with price targets ranging from $175 to $180.
Deutsche Bank analyst Krisztina Katai maintains with a buy rating, and adjusts the target price from $164 to $176.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $175 to $180.
TD Cowen analyst John Kernan maintains with a buy rating, and adjusts the target price from $177 to $180.
Telsey Advisory analyst Dana Telsey maintains with a hold rating, and maintains the target price at $175.
CFRA analyst Zachary Warring maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Ross Stores (ROST.US)$'s main analysts recently are as follows:
Following a 'mixed' Q3 report for Ross Stores, prospects appear favorable for the company's category penetration heading into the holiday season.
Despite missing initial revenue expectations, Ross Stores achieved a third-quarter EPS of $1.48, surpassing the expected $1.40. The primary challenge to earnings per share has been merchandise margin pressure, which is anticipated to lessen significantly in 2025, potentially facilitating another year of margin improvement surpassing long-term projections. Nonetheless, for Ross to narrow its valuation gap with TJX, it must demonstrate that its enhanced merchandise strategy can begin to bridge the multi-year lag in same-store sales growth compared to Marmaxx.
Ross Stores reported earnings per share ahead of consensus, despite a modest shortfall on comparable store sales, attributed to weather conditions and some execution challenges; this is in line with softer performance observed during the quarter. However, trends show improvement as weather-related impediments have eased. The company's outlook includes an acceleration expected in the fourth fiscal quarter, which reflects a positive signal of confidence considering the management's historical performance.
Here are the latest investment ratings and price targets for $Ross Stores (ROST.US)$ from 5 analysts:
Note:
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