Citi shifts retail stock ratings [Yahoo! Finance]
Ross Stores, Inc. (ROST)
Last ross stores, inc. earnings: 3/3 04:01 pm
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Source: Yahoo! Finance
Stores (NASDAQ:ROST), reflecting shifts in their respective business outlooks and potential challenges. For Carter's, Citi upgraded the stock from Sell to Neutral, maintaining a target price of $50. According to Citi analysts, much of the anticipated pressure on Carter's sales and margins for fiscal year 2025 is now "more baked in." Citi highlights Carter's struggle in recent years to retain market share within its U.S. direct-to-consumer (DTC) channel as lower-priced mass and online retailers gained ground. They note that to regain momentum, Carter's management has started reinvesting in pricing to drive DTC growth, which Citi believes will likely pressure gross margins next year. Despite these concerns, Carter's stock has dropped 20% since its Q3 earnings report on October 25 and is down 30% year-to-date. With the shares close to Citi's $50 target and offering a 5.8% dividend yield, analysts see a "more balanced risk/reward" now, with adjusted earnings per share forecasted
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ROST
News
- Ross Stores (ROST) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- Ross Stores, Inc. (NASDAQ: ROST) had its price target lowered by analysts at Wells Fargo & Company from $175.00 to $165.00. They now have an "overweight" rating on the stock.MarketBeat
- Ross Stores, Inc. (NASDAQ: ROST) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $152.00 price target on the stock, down previously from $179.00.MarketBeat
- Ross Stores, Inc. (NASDAQ: ROST) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ross Stores (ROST) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
ROST
Earnings
- 8/22/24 - Beat
ROST
Sec Filings
- 11/14/24 - Form SC
- 10/28/24 - Form 8-K
- 9/18/24 - Form 4
- ROST's page on the SEC website