Nomura Securities Reiterates a 'Buy' on Ross Stores (ROST); Raising Estimates Ahead of Consensus
Tweet
Share
E-mailGet Alerts ROST Hot Sheet
Price: $245.36 +0.16%
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities reiterates a 'Buy' on Ross Stores, Inc. (NASDAQ: ROST) price target raised from $53 to $58.
Analyst, Paul Lejuez, said, "ROST continues to post strong comp results helped by great inventory availability and strong traffic trends. These results have not been driven by promotions, and we believe merchandise margins will be up in F12. While the company did not raise 1Q guidance and will likely not raise it when it reports 4Q EPS on March 15, we expect significant upside to 1Q consensus of $0.87. We also expect the company to beat F12 consensus of $3.26. We are increasing our 1Q12E from $0.87 to $0.92 (vs. consensus of $0.87 and guidance of $0.82-$0.86). Our F12E is now $3.41. We are also introducing our F13E of $3.73."
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 $54.25 yesterday.
Analyst, Paul Lejuez, said, "ROST continues to post strong comp results helped by great inventory availability and strong traffic trends. These results have not been driven by promotions, and we believe merchandise margins will be up in F12. While the company did not raise 1Q guidance and will likely not raise it when it reports 4Q EPS on March 15, we expect significant upside to 1Q consensus of $0.87. We also expect the company to beat F12 consensus of $3.26. We are increasing our 1Q12E from $0.87 to $0.92 (vs. consensus of $0.87 and guidance of $0.82-$0.86). Our F12E is now $3.41. We are also introducing our F13E of $3.73."
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 $54.25 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
