Ross Stores Reports First Quarter Earnings

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Ross Stores, Inc. (ROST) PT Lowered to $80 at Wells Fargo

May 20, 2022 6:35 AM EDT

Wells Fargo analyst Ike Boruchow lowered the price target on Ross Stores, Inc. (NASDAQ: ROST) to $80.00 (from $90.00) while maintaining a Equal Weight rating following weak results and outlook.

The analyst commented, "Just 3 months after surprising investors with a better-than-feared initial 2022 outlook, ROST reported... More

Ross Stores (ROST) Misses Q1 EPS by 3c; Guides Lower

May 19, 2022 4:02 PM EDT

Ross Stores (NASDAQ: ROST) reported Q1 EPS of $0.97, $0.03 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.53 billion.

GUIDANCE:

Ross Stores sees Q2 2022 EPS of $0.99-$1.04, versus the consensus... More