Ross Stores (ROST) Margins Sustainable, EPS Growth to Slow - Analyst
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Price: $224.80 --0%
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 9 | New: 39
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 9 | New: 39
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Wells Fargo today maintained a Market Perform rating on Ross Stores, Inc. (NASDAQ: ROST) with a price target of $58 to $63. Yesterday Ross reported Q4 results.
Commenting on developments, analyst Evren Kopelman said "As the average in-store inventory reduction benefits come to an end over the next 12-18 months, ROST's EPS growth will likely slow from the past few years toward the long-term model of 10-15% EPS growth, however, we think the flexibility and consistency of the off-price model are attractive and we believe the margins are sustainable."
For an analyst ratings summary and ratings history on Ross Stores, Inc. (NASDAQ: ROST) click here. For more ratings news on Ross Stores, Inc. click here.
Shares of Ross Stores, Inc. closed at $58.06 yesterday.
Commenting on developments, analyst Evren Kopelman said "As the average in-store inventory reduction benefits come to an end over the next 12-18 months, ROST's EPS growth will likely slow from the past few years toward the long-term model of 10-15% EPS growth, however, we think the flexibility and consistency of the off-price model are attractive and we believe the margins are sustainable."
For an analyst ratings summary and ratings history on Ross Stores, Inc. (NASDAQ: ROST) click here. For more ratings news on Ross Stores, Inc. click here.
Shares of Ross Stores, Inc. closed at $58.06 yesterday.
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