UBS Maintains a 'Buy' on Ross Stores, Inc. (ROST); Conservative Guidance for This Best-in-Class Retailer
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Price: $65.59 --0%
Rating Summary:
12 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 31 | New: 12
Rating Summary:
12 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 31 | New: 12
Trade ROST Now!
UBS maintains a 'Buy' on Ross Stores, Inc. (NASDAQ: ROST) price target of $75.00.
Analyst, Roxanne Meyer, comments on yesterday's Q2 earnings report by ROST. Meyer sees ROST as a best-in-class retailer and feels the company's guidance was conservative.
Ross reported Q2 earnings of $0.81, which was in-line with the consensus. Revenues were $2.34B vs. $2.32B consensus. ROST guided to $0.63-0.66 for Q3 EPS (consensus is $0.70). For FY12, the retailer sees EPS between $3.36-3.44, up from prior guidance of $3.26-3.37 (consensus is $3.45)
As previously mentioned, Meyer feels the guidance is conservative...and shares are actually trading higher in today's session. Last trade $69.04, up $0.58 (+0.85%).
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 $68.46 yesterday, with a 52 week range of $46.13-$95.24.
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Analyst, Roxanne Meyer, comments on yesterday's Q2 earnings report by ROST. Meyer sees ROST as a best-in-class retailer and feels the company's guidance was conservative.
Ross reported Q2 earnings of $0.81, which was in-line with the consensus. Revenues were $2.34B vs. $2.32B consensus. ROST guided to $0.63-0.66 for Q3 EPS (consensus is $0.70). For FY12, the retailer sees EPS between $3.36-3.44, up from prior guidance of $3.26-3.37 (consensus is $3.45)
As previously mentioned, Meyer feels the guidance is conservative...and shares are actually trading higher in today's session. Last trade $69.04, up $0.58 (+0.85%).
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 $68.46 yesterday, with a 52 week range of $46.13-$95.24.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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