Jefferies Maintains a 'Hold' on Ross Stores, Inc. (ROST); Q4 Preview
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Price: $235.28 -4.11%
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Jefferies maintains a 'Hold' on Ross Stores, Inc. (NASDAQ: ROST) price target raised from $47 to $60.
Jefferies analyst said, "We expect solid 4Q results ($0.85) given the company's out performance during monthly sales and upward guidance revisions. We believe the off-price business model has proved very resilient and expect continued growth in the coming quarters. However, we believe current valuation adequately reflects the strong trends here and maintain our rating."
"...We expect ROST to continue gaining market share as the off price model proves to be very resilient and consumers remain value conscious. As such, we are raising our FY'13 EPS estimates to be slightly above management's guidance range of $3.12-$3.27." (FY13 from $3.20 to $3.30)
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 $56.95 yesterday.
Jefferies analyst said, "We expect solid 4Q results ($0.85) given the company's out performance during monthly sales and upward guidance revisions. We believe the off-price business model has proved very resilient and expect continued growth in the coming quarters. However, we believe current valuation adequately reflects the strong trends here and maintain our rating."
"...We expect ROST to continue gaining market share as the off price model proves to be very resilient and consumers remain value conscious. As such, we are raising our FY'13 EPS estimates to be slightly above management's guidance range of $3.12-$3.27." (FY13 from $3.20 to $3.30)
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 $56.95 yesterday.
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