Canaccord Genuity Maintains a 'Hold' on Ross Stores (ROST); Raising Estimates on Solid SSS, But Remain Sidelined
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Price: $65.59 +1.09%
Rating Summary:
12 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
12 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ROST Now!
Canaccord Genuity maintains a 'Hold' on Ross Stores, Inc. (NASDAQ: ROST) price target of $67.00.
Analyst, Laura Champine, said, "We are raising our Q2 EPS estimate by $0.02 to the high end of guidance. Prior consensus was $0.77. We now project Q2 SSS growth of 6.1% on top of +5%, 120bps above our previous forecast. We continue to model for slowing SSS growth in H2:12, with Q3 SSS increasing 3% on top of +5% and Q4 SSS up 2% on top of +7%. For FY12, we are adding $0.03 to our EPS estimate lifting it to $3.36...We remain on the sidelines and maintain our DCF-generated price target."
For an analyst ratings summary and ratings history on Ross Stores, Inc. click here. For more ratings news on Ross Stores, Inc. click here.
Shares of Ross Stores, Inc. closed at $67.19 yesterday, with a 52 week range of $46.13-$95.24.
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Analyst, Laura Champine, said, "We are raising our Q2 EPS estimate by $0.02 to the high end of guidance. Prior consensus was $0.77. We now project Q2 SSS growth of 6.1% on top of +5%, 120bps above our previous forecast. We continue to model for slowing SSS growth in H2:12, with Q3 SSS increasing 3% on top of +5% and Q4 SSS up 2% on top of +7%. For FY12, we are adding $0.03 to our EPS estimate lifting it to $3.36...We remain on the sidelines and maintain our DCF-generated price target."
For an analyst ratings summary and ratings history on Ross Stores, Inc. click here. For more ratings news on Ross Stores, Inc. click here.
Shares of Ross Stores, Inc. closed at $67.19 yesterday, with a 52 week range of $46.13-$95.24.
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