Zacks Investment Research downgraded Ross Stores, Inc. (NASDAQ:ROST) to Hold in a report released today.
- Updated: October 6, 2016
Yesterday Ross Stores, Inc. (NASDAQ:ROST) traded -0.28% lower at $64.57. The company’s 50-day moving average is $63.11 and its 200-day moving average is $58.61. The last stock close price is up 9.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 929,325 shares of the stock were exchanged, down from an average trading volume of 2,550,490
Zacks Investment Research has downgraded Ross Stores, Inc. (NASDAQ:ROST) to Hold in a report released on 10/06/2016.
Previously on 10/5/2016, Zacks Investment Research reported about Ross Stores, Inc. (NASDAQ:ROST) raised the target price from $0.00 to $72.00. At the time, this indicated a possible upside of 0.12%.
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Ross Stores, Inc. has a price-earnings ratio of 24.48 with a one year low of $43.47 and a one year high of $66.28 ROST’s market capitalization is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is $59.98 with 8 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 12 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers 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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