Ross Stores (ROST) : 20 analysts are covering Ross Stores (ROST) and their average rating on the stock is 2.1, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ross Stores (ROST) stock is expected to deviate a maximum of $8.2 from the average target price of $58.53 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $67 and the most muted being $33.
Ross Stores (NASDAQ:ROST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.34 and $55.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.79, notching a gain of 0.76% for the day. The total traded volume was 2,822,324 . The stock had closed at $56.36 on the previous day.
Also, In the latest statement by the brokerage house, UBS maintains its outlook on Ross Stores (NASDAQ:ROST). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $60 per share to $57 per share. The rating by the firm was issued on May 20, 2016. The company shares have rallied 12.34% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $59.68 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $54.17 and the 200 Day Moving Average price is recorded at $55.47.
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.