Aneesha Sherman, an analyst from Bernstein, maintained the Hold rating on Ross Stores. The associated price target remains the same with $147.00.
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Aneesha Sherman has given her Hold rating due to a combination of factors influencing Ross Stores’ performance. Despite Ross Stores posting a significant comparable sales beat in Q3 and raising its Q4 guidance, the results were in line with buyside expectations, suggesting that the positive performance was already anticipated by the market. The company’s strong execution and successful marketing campaigns have driven broad-based sales growth and improved margins, which exceeded sell-side expectations.
However, while the Q3 results were impressive, the anticipated reversal of certain expense timing benefits in Q4 and the ongoing tariff headwinds present potential challenges. Additionally, although the company has raised its guidance for the holiday season, the competitive retail environment and economic uncertainties may pose risks to sustaining this momentum. Therefore, the Hold rating reflects a balanced view, acknowledging both the company’s recent successes and the potential hurdles ahead.
In another report released on November 13, Telsey Advisory also maintained a Hold rating on the stock with a $160.00 price target.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROST in relation to earlier this year.