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Ross Stores (NASDAQ:ROST) was the target of some unusual options trading activity on Tuesday. Stock traders bought 9,493 call options on the stock, AR Network reports. This represents an increase of 873% compared to the typical daily volume of 976 call options.

Several analysts have recently commented on the stock. 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.76.

Shares of Ross Stores (NASDAQ:ROST) traded up 4.04% on Tuesday, hitting $69.31. The stock had a trading volume of 3,110,029 shares. Ross Stores has a 52 week low of $61.83 and a 52 week high of $81.99. The stock’s 50-day moving average is $65.07 and its 200-day moving average is $68.36. The company has a market cap of $14.666 billion and a price-to-earnings ratio of 16.84.

Ross Stores (NASDAQ:ROST) last released its earnings data on Thursday, May 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. 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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