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Ross Stores (NASDAQ:ROST) has been given an average rating of “Buy” by the eighteen analysts that are currently covering the company, Analyst Ratings.Net reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $76.76.

A number of analysts have recently weighed in on ROST shares. Analysts at Sterne Agee downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $68.00 price target on the stock, down previously from $81.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ross Stores in a research note on Friday, May 23rd. They now have a $76.00 price target on the stock, down previously from $78.00. Finally, analysts at Morgan Stanley cut their price target on shares of Ross Stores to $81.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock.

Ross Stores (NASDAQ:ROST) traded down 1.50% during mid-day trading on Wednesday, hitting $65.02. The stock had a trading volume of 274,696 shares. Ross Stores has a one year low of $61.83 and a one year high of $81.99. The stock has a 50-day moving average of $65.10 and a 200-day moving average of $68.42. The company has a market cap of $13.758 billion and a price-to-earnings ratio of 16.69. Ross Stores also saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 7,662,620 shares, an increase of 40.7% from the July 15th total of 5,447,314 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 2,183,003 shares, the days-to-cover ratio is presently 3.5 days.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.15 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.15. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Ross Stores will post $4.21 EPS for the current fiscal year.

Ross Stores, Inc is an off-price apparel and home fashion chain in the United States. The Company operates two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (NASDAQ:ROST) and dd’s DISCOUNTS.

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