Investment analysts at Telsey Advisory Group upped their price objective on shares of Ross Stores (NASDAQ:ROST) from $74.00 to $83.00 in a note issued to investors on Tuesday, AR Network reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 2.63% from the stock’s previous close.
ROST has been the subject of a number of other recent research reports. Analysts at Maxim Group downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th. They noted that the move was a valuation call. Separately, analysts at UBS AG raised their price target on shares of Ross Stores from $75.00 to $80.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Ross Stores from a “buy” rating to a “conviction-buy” rating in a research note to investors on Wednesday, September 25th. They now have a $83.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ross Stores currently has an average rating of “Buy” and an average target price of $72.85.
Ross Stores (NASDAQ:ROST) opened at 80.87 on Tuesday. Ross Stores has a 52-week low of $52.01 and a 52-week high of $81.99. The stock has a 50-day moving average of $75.68 and a 200-day moving average of $69.18. The company has a market cap of $17.523 billion and a P/E ratio of 21.22.
Ross Stores (NASDAQ:ROST) last released its earnings data on Thursday, August 22nd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.05. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.52 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Ross Stores will post $3.94 earnings per share for the current fiscal year.
Ross Stores, Inc, along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.
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