Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter Guidance
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Jefferies Raises Price Target on Ross Stores (ROST) to $59; Reiterates Hold
November 18, 2016 8:51 AM ESTJefferies reiterated a Hold rating on Ross Stores, Inc. (NASDAQ: ROST), and raised the price target to $59.00 (from $57.00), following the company's 3Q earnings report. Management continued to reiterate expectations for a holiday selling season that will be fiercely competitive. Jefferies reiterates a $0.74 EPS... More
Ross Stores (ROST) Tops Q3 EPS by 6c; Issues Solid Outlook
November 17, 2016 4:04 PM ESTRoss Stores (NASDAQ: ROST) reported Q3 EPS of $0.62, $0.06 better than the analyst estimate of $0.56. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $2.96 billion.
Sales for the 2016 third quarter rose 11% to $3.1 billion, with comparable store sales up 7% versus a 3% gain in the prior year.
GUIDANCE:
Ross Stores sees FY2016 EPS of $2.78-$2.81, versus the consensus of $2.75.
Barbara Rentler, Chief... More
