Ross Stores (ROST): Price Target and June Short Interest Disclosure

Ross Stores (ROST) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $67 and the lowest price target forecast is $33. The average forecast of all the analysts is $58.53 and the expected standard deviation is $8.2.

Ross Stores (ROST) has seen a rise of 1,124,855 shares or 13.4% in the short interest. The remaining shorts are 2.4% of the total floated shares. The net short interest, as on June 30,2016, stood at 9,500,162 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 3,109,084 shares. On June 15,2016, 8,375,307 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the UBS maintains the rating on Ross Stores (NASDAQ:ROST). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $60 per share to $57 per share. The rating by the firm was issued on May 20, 2016.


Ross Stores (NASDAQ:ROST): On Thursdays trading session , Opening price of the stock was $58.24 with an intraday high of $58.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.8. However, the stock managed to close at $58.02, a loss of 0.03% for the day. On the previous day, the stock had closed at $58.04. The total traded volume of the day was 1,862,314 shares.

Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dds DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dds DISCOUNTS stores in 15 states. The Ross and dds DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle income households. The dds DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.

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