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Ross Stores, Inc. (NASDAQ:ROST) target raised to $72.00, reported today by Zacks Investment Research

Boasting a price of $64.57, Ross Stores, Inc. (NASDAQ:ROST) traded -0.14% lower on the day. The last stock price is up 9.53% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. ROST has recorded a 50-day moving average of $63.20 and a 200-day moving average of $58.69. 1,945,338 shares of ROST traded hands, down from an average trading volume of 2,536,920

Ross Stores, Inc. (NASDAQ:ROST) had its target bumped up to $72.00 by Zacks Investment Research in an issued report announced Wednesday October 05, 2016. The bumped up target suggests a potential upside of 0.12% from the company's most recent close.

Recent Performance Chart

Ross Stores, Inc. (NASDAQ:ROST)

Ross Stores, Inc. has 52 week low of $43.47 and a 52 week high of $66.28 with a PE ratio of 24.47 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 22 brokerages have issued a research note on the company. The average stock price target is $59.98 with 8 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Ross Stores, Inc. (NASDAQ:ROST)

Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd's DISCOUNTS. Ross is an off-price apparel and home fashion chain in the United States, with approximately 1,274 locations in over 34 states, the District of Columbia and Guam. Ross' target customers are primarily from middle income households. The Company operates approximately 172 dd's DISCOUNTS stores in over 15 states. Both Ross and dd's DISCOUNTS brands target value-conscious women and men between the ages of 18 and 54. The Company owns and operates approximately six distribution processing facilities, including three in California, one in Pennsylvania, and two in South Carolina.

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