Ross Stores price target lowered to $175 from $190 at Loop Capital

Loop Capital analyst Laura Champine lowered the firm’s price target on Ross Stores (ROST) to $175 from $190 but keeps a Buy rating on the shares after its Q4 results. The company hit the firm’s comp estimate with 3% growth, but its Q1 outlook is light of consensus as the management noted a sales softening in late January into February, the analyst tells investors in a research note. Ross Stores’ FY25 EPS guidance range is also “disappointing” and wider than typical, Loop adds. The firm notes however that off-price’s market share gains will accelerate this year as tariffs create sourcing volatility and increase availability of closeouts.