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Zacks Investment Research covered Ross Stores, Inc. (NASDAQ:ROST), stepping up its price target to $73.00 earlier today

Only yesterday Ross Stores, Inc. (NASDAQ:ROST) traded 0.03% lower at $64.48. Ross Stores, Inc.’s 50-day moving average is $62.32 and its two hundred day average is $57.93. The last stock close is up 6.90% relative to the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. Trade volume was was up over the average, with 2,934,647 shares of ROST changing hands over the typical 2,758,150 shares..

Ross Stores, Inc. (NASDAQ:ROST) had its estimated target price raised to $73 by Zacks Investment Research in a report announced 8/22/2016. The increased target price implies a potential upside of 0.13% based on the bussiness’ last closing price.

On 8/19/2016, RBC Capital Markets reported about Ross Stores, Inc.(NASDAQ:ROST) raised the target price from $56.00 to $65.00 that suggested an upside of 0.03%.

Recent Performance Chart:

Ross Stores, Inc. (NASDAQ:ROST)

A total of 22 brokers have issued a report on Ross Stores, Inc.. Eight analysts rate the stock a strong buy, eight analysts rate the company a buy, 12 firms rate the company a hold, one analyst rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with an average target of $59.98

Ross Stores, Inc. has a one-year low of $43.47 and a 52 week high of $66.28 with a PE ratio of 24 and has a market capitalization of $0.0.

General Company Details For 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 and two in South Carolina.

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