Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance

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Go back to Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance

Ross Stores, Inc. (ROST) PT Raised to $131 at Cowen

November 22, 2019 7:01 AM EST

Cowen analyst John Kernan raised the price target on Ross Stores, Inc. (NASDAQ: ROST) to $131.00 (from $126.00) while maintaining an Outperform rating.

The analyst commented, "We are raising our price target on ROST to $131 which is 26x our FY20E EPS... More

Ross Stores (ROST) Tops Q3 EPS by 6c, Revenues Beat, Comp. Sales Up 5%; Offers Q4 & FY19 EPS Guidance

November 21, 2019 4:03 PM EST

Ross Stores (NASDAQ: ROST) reported Q3 EPS of $1.03, $0.06 better than the analyst estimate of $0.97. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.77 billion.

Barbara Rentler, Chief Executive Officer, commented, We are pleased that our third quarter results were ahead of expectations. Operating margin of 12.4% was also above-plan mainly due to better than expected sales and merchandise margin.

Ms. Rentler continued, During the third quarter and first nine months of fiscal 2019, we... More