Ross (ROST) Comps Affected by Tax Season, TJX (TJX) Affected by Weather & EU
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Price: $65.84 +1.17%
Rating Summary:
12 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
12 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ROST Now!
This morning TJX Companies, Inc. (NYSE: TJX) and Ross Stores Inc. (Nasdaq: ROST) reported February sales, with comps gaining 1 percent at TJX, while Ross comps declined 1 percent. The results were ahead / below consensus, respectively, for the off price retailers.
In the view of analysts at Deutsche Bank, the uneven results relate to two factors, weather and tax returns.
"It makes sense that TJX would be more impacted by weather and ROST by tax issues," said analyst Mike Baker. "The weather was worse in the Northeast, where TJX has exposure. On the other hand, ROST has a lower income customer which would be more impacted by tax issues."
In mid-day trading on Thursday, Ross is lower by 5 percent, while TJX trades flat. TJX saw improvements in Europe.
Deutsche Bank has a Buy rating on Ross Stores, Inc. with a price target of $66.00.
Deutsche Bank has a Buy rating on TJX, Inc. with a price target of $50.00.
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 $59.70 yesterday, with a 52 week range of $52.01-$70.82.
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In the view of analysts at Deutsche Bank, the uneven results relate to two factors, weather and tax returns.
"It makes sense that TJX would be more impacted by weather and ROST by tax issues," said analyst Mike Baker. "The weather was worse in the Northeast, where TJX has exposure. On the other hand, ROST has a lower income customer which would be more impacted by tax issues."
In mid-day trading on Thursday, Ross is lower by 5 percent, while TJX trades flat. TJX saw improvements in Europe.
Deutsche Bank has a Buy rating on Ross Stores, Inc. with a price target of $66.00.
Deutsche Bank has a Buy rating on TJX, Inc. with a price target of $50.00.
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 $59.70 yesterday, with a 52 week range of $52.01-$70.82.
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