Yahoo Finance

Baird lowered the firm’s price target on Ross Stores (ROST) to $175 from $180 and keeps an Outperform rating on the shares. The firm said they delivered EPS ahead of consensus despite a modest shortfall on comps due to weather, some execution headwinds; consistent with softer checks in the quarter. Trends have improved as weather headwinds have dissipated, and guidance embeds acceleration in FQ4; an encouraging sign of confidence given management’s track record.

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Read More on ROST:

• Ross Stores Reports Q3 Earnings and Future Outlook

• Closing Bell Movers: Gap jumps 15% after Q3 earnings beat, guidance raise

• Ross Stores reports Q3 EPS $1.48, consensus $1.40

• Ross Stores sees Q4 EPS $1.57-$1.64, consensus $1.67

• Ross Stores raises FY24 EPS view to $6.10-$6.17 from $6.00-$6.13