Ross Stores Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ROST)
Ross Stores (NASDAQ:ROST) has been given a consensus rating of “Buy” by the eighteen analysts that are currently covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $76.76.
ROST has been the subject of a number of recent research reports. 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.
Shares of Ross Stores (NASDAQ:ROST) opened at 65.55 on Wednesday. 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 $65.0 and a 200-day moving average of $68.36. The company has a market cap of $13.870 billion and a price-to-earnings ratio of 16.71.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.15 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.07 earnings per share. Ross Stores’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Ross Stores will post $4.21 earnings per share 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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