Ross Stores (ROST) Margins Sustainable, EPS Growth to Slow - Analyst
Wells Fargo today maintained a Market Perform rating on Ross Stores, Inc. (NASDAQ: ROST) with a price target of $58 to $63. Yesterday Ross reported Q4 results.
Commenting on developments, analyst Evren Kopelman said "As the average in-store inventory reduction benefits come to an end over the next 12-18 months, ROST's EPS growth will likely slow from the past few years toward the long-term model of 10-15% EPS growth, however, we think the flexibility and consistency of the off-price model are attractive and we believe the margins are sustainable."
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 $58.06 yesterday, with a 52 week range of $52.01-$70.82.
Commenting on developments, analyst Evren Kopelman said "As the average in-store inventory reduction benefits come to an end over the next 12-18 months, ROST's EPS growth will likely slow from the past few years toward the long-term model of 10-15% EPS growth, however, we think the flexibility and consistency of the off-price model are attractive and we believe the margins are sustainable."
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 $58.06 yesterday, with a 52 week range of $52.01-$70.82.