UBS Maintains a 'Buy' on Ross Stores, Inc. (ROST); Conservative Guidance for This Best-in-Class Retailer

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.

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