Ross Stores (ROST) has shown consistent
growth, making it a strong contender in the retail stock market. The company has experienced a
Compound Annual Growth Rate (CAGR) of 13% over the last three years, solidifying its strong position. Despite the stock occasionally underperforming the Dow, its
Earnings Per Share (EPS) beat expectations by jumping 11% to $1.48. However, third quarter reports show slowed sales growth. In response to their performance, several stakeholders like
Vestcor Inc,
Y Intercept Hong Kong Ltd and
Foyston Gordon & Payne Inc have reduced their stake in the company, while other entities like
Toronto Dominion Bank,
Geode Capital Management LLC, and
National Bank of Canada FI have increased their holdings. Moreover, Ross Stores' plans to continue store expansion nationwide are underway, demonstrating strategic growth potential. However, the company's stock performance has not always mirrored its strong
fundamentals, as seen in some stock dips. Ahead of its financial reports, Wall Street anticipates
earnings growth. Meanwhile, change in leadership has been announced with
James G Conroy named as the next CEO.
Ross Stores ROST News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 13:55:01 GMT -
Rating 5
- Innovation -4
- Information 7
- Rumor -3
