Discount apparel retailer Ross Stores, Inc. (
) on Monday caught some further positive commentary from analysts
at Nomura Securities.
The firm maintained its "Buy" rating on ROST and lifted its
price target from $58 to $65, suggesting a nearly 9% upside to the
stock's Friday closing price of $59.81.
A Nomura analyst commented, "For ROST, much of their store base
(~30%) is in the West, which was not helped by weather…based on
strong Mar results and an increase to our comp forecasts for the
remainder of the year, we are raising our 1Q12E from $0.92 to $0.96
and our F12E from $3.41 to $3.51."
Ross Stores shares fell $1.11, or -1.9%, in premarket trading
The Bottom Line
Shares of Ross Stores (
) have a .94% dividend yield, based on Friday's closing stock price
of $59.81. The stock has technical support in the $55-$56 price
area. The shares are trading at all-time highs.
Ross Stores, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
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, as well as a detailed explanation of
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