Telsey Advisory analyst Dana Telsey maintains $Ross Stores (ROST.US)$ with a hold rating, and maintains the target price at $175.
According to TipRanks data, the analyst has a success rate of 36.4% and a total average return of -1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ross Stores (ROST.US)$'s main analysts recently are as follows:
While missing top-line expectations, Ross Stores reported third quarter earnings per share of $1.48, which surpassed consensus estimates. It has been noted that pressures on merchandise margins have been a prominent challenge affecting earnings per share for 2024. These pressures are expected to diminish considerably in 2025, potentially enabling a second consecutive year wherein margin contributions exceed long-term targets. However, it is essential for Ross to demonstrate that its refined merchandising strategy can address the prolonged lag in same-store sales growth compared to Marmaxx in order to reduce its current valuation gap with TJX.
Ross Stores delivered EPS above consensus, notwithstanding a slight shortfall in comps attributed to weather conditions and some operational challenges. Trends improved as adverse weather effects mitigated, and their forecasts for the fourth fiscal quarter suggest an acceleration, reflecting positively on the management's proven performance record.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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