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, Intuit shares post big moves on earnings [Yahoo! Finance]Yahoo! Finance
- Ross Stores lifts annual profit forecast on lower costs, shares rise [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ross Stores lifts annual profit forecast on lower costs, shares rise [Yahoo! Finance]Yahoo! Finance
- Ross Stores (NASDAQ:ROST) Reports Sales Below Analyst Estimates In Q3 Earnings, But Stock Soars 5.2% [Yahoo! Finance]Yahoo! Finance
- Ross Stores Reports Third Quarter Earnings, Updates Fourth Quarter GuidanceBusiness Wire
ROST
Earnings
- 11/21/24 - Beat
ROST
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 10/28/24 - Form 8-K
- ROST's page on the SEC website