Ross Stores, a top-ranking player in the retail market, has garnered substantial attention with a series of important financial developments. Recent
third-quarter earnings showed robust data, with
EPS jumping 11% to $1.48. However, the company also witnessed
slow sales growth. In respect to future prospects, Q4 guidance has been updated, keeping investors on the edge. Surpassing estimates, their Q3 earnings have shown promising signs. Subsequently, stores'
price target has been modified, with Baird adjusting it to $175 from $180.
Guggenheim has given Ross Stores a "Buy" rating, reflecting their faith in the company's growth. Ross Stores' store expansions and business model have been regarded as strong, while analysts see growth potential amidst holiday season optimism. The company has been grappling with consumer spending hurdles, but despite this, it raised the annual profit outlook leveraged by
lower costs. Amid robust figures, insiders at Ross Stores have sold $4.7m in stock, alluding to potential weakness in the near future.
Ross Stores ROST News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Sat, 23 Nov 2024 18:27:36 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -2
