Research Analysts’ Recent Ratings Updates for Ross Stores (ROST)
Several investment firms have updated their stock ratings and price targets on shares of Ross Stores (NASDAQ: ROST) in the last week:
- Ross Stores was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating.
- Ross Stores had its “outperform” rating reaffirmed by analysts at FBR Capital. They now have a $75.00 price target on the stock.
- Ross Stores had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $75.00 price target on the stock.
- Ross Stores had its price target raised by analysts at Jefferies Group from $63.00 to $65.00. They now have a “hold” rating on the stock. They wrote, “September SSS numbers came in better than expected which we think was driven by improved consumer confidence combined with the benefit of favorable fall fashion trends. GPS posted another beat this month with SSS +6% and with strength at all three core brands. While GPS is currently at new 52-week highs, it remains our top pick as we expect continued upward earnings revisions this year and next.”
- Ross Stores had its “sector perform” rating reaffirmed by analysts at RBC Capital. They now have a $65.00 price target on the stock.
Shares of Ross Stores, Inc. opened at 66.10 on Monday. Ross Stores, Inc. has a one year low of $41.175 and a one year high of $70.82. The company has a market cap of $14.802 billion and a P/E ratio of 20.32.
Ross Stores, Inc., along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.