J.P. Morgan analyst Matthew Boss maintains $Ross Stores (ROST.US)$ with a buy rating, and maintains the target price at $173.
According to TipRanks data, the analyst has a success rate of 49.1% and a total average return of 0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ross Stores (ROST.US)$'s main analysts recently are as follows:
Despite missing top-line expectations, Ross Stores reported a third-quarter EPS of $1.48, surpassing the anticipated $1.40. Analysts have identified merchandise margin pressure as a significant impediment to EPS in 2024, but foresee a considerable alleviation by 2025 that could underpin another year of margin recovery exceeding the usual rate. Nonetheless, it remains essential for Ross to demonstrate that its enhanced merchandise strategy can narrow the persistent gap in same-store sales growth compared to Marmaxx to reduce its valuation discount relative to TJX.
Ross Stores delivered EPS ahead of consensus despite a slight shortfall on comparable sales attributed to weather-related issues and some execution headwinds, as per observations throughout the quarter. Trends have shown improvement following the dissipation of weather-related challenges, and the guidance suggests an acceleration in the fourth fiscal quarter, indicative of the management's confidence based on their historical performance.
Note:
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