Ross Stores (ROST) finds itself in a
volatile market but maintains optimism amongst various
Wall Street analysts, who advocate it as a
defensive standout and a potentially
counter cyclical bet. However, some institutions like the
Bank of Montreal and
Bessemer Group Inc. have lowered their positions in ROST recently. Notwithstanding, there has also been a noticeable
increase in stakes by firms such as
F M Investments LLC and
Fmr LLC, suggesting contrasting perspectives. The company's stock performance has been a topic of continual discussion, with
Citigroup and
Wells Fargo even
upgrading ROST to a 'Buy' and 'Overweight' rating respectively. Despite concerns over
weaker demand affecting annual sales and profit forecasts, the company has been accelerating growth with the opening of
19 new locations across 14 states.
Ross Stores also recently announced a
CFO succession plan and saw an increase in its dividend by 10 percent. Despite
softer sales ahead warns, the company's Q4 earnings effortlessly surpassed estimates, further highlighting
Ross Stores' resilience in a challenging economic climate.
Ross Stores ROST News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Sat, 12 Apr 2025 12:32:19 GMT -
Rating 1
- Innovation 0
- Information 8
- Rumor -1
